Document:

Exhibit 10.37

                             STANDARD BUILDING LEASE

         THIS LEASE made this 14th day of May, 1999, between Winfield Allen,
Incorporated ("Tenant") and A.H. Root Limited Liability Company ("Landlord").

                                   WITNESSETH:

                                     DEMISE

         Landlord does hereby lease to Tenant and Tenant hereby hires from
Landlord Suite 350 (the "Premises" or "Leased Premises") such Premises depicted
on the plat attached hereto as Appendix A, which Premises are situated in that
certain building located at 2401 Fifteenth Street. Denver, Colorado (the
"Building"), which building is situated on that certain parcel of real property
(the "Property") legally described in Appendix B together with a non-exclusive
right, subject to the provisions hereof to use all appurtenances thereto,
including, but not limited to, any plazas, common areas, walks, ways or other
areas in the Building or on the Property designated by Landlord for the
exclusive or nonexclusive use of the tenants of the Building. The Building,
Property, plazas, common areas, walks, ways, parking facilities and other areas
and appurtenances are hereinafter sometime collectively called the "Building
Complex."

         Such letting and hiring is upon and subject to the terms, conditions,
and covenants herein set forth, and Tenant covenants as a material part of the
consideration for this Lease to keep and perform each and all said terms,
conditions, covenants by it to be kept and performed and that this Lease is made
upon the condition of such performance.

         1. USE

         The Premises are to be used for general offices and for no other
purpose without the prior written consent of Landlord. It is expressly
understood that Landlord reserves the right to determine the character of
occupancy of any tenant or to permit any other reasonable use of the Building,
including but not limited to retail or commercial uses.

         2. TERM

         The Term of this Lease shall be for a period of sixty (60) months,
commencing at 12:01 a.m. on the Commencement Date, September 8, 1999, and ending
at 5:00 p.m. Denver time on the day immediately preceding the sixtieth (60)
monthly anniversary of the Commencement Date, (the "Primary Lease Term"). The
commencement date may change, due to the holdover of Chipotle Mexican Grill,
Inc. The Landlord shall notify the tenant as soon as the Landlord is made aware
that a holdover will occur. The tenant shall not hold the Landlord liable for
any delay created by a holdover. Landlord shall give tenant thirty (30) days'
advance notice of any such holdover.

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         3. COMPLETION OF THE PREMISES

         A. Landlord's Work. Landlord shall have no obligations for the
completion of the Premises, and Tenant shall accept the Premises in its "as is"
condition as of the date Landlord delivers possession of the Premises to Tenant
in accordance with the provisions hereof and of the Work Letter. Landlord shall
commence work simultaneously with the tenant's installation of phone lines and
equipment so that the work shall be completed by no later than September 8,
1999. If the landlord, through his own fault does not deliver the space on this
date so that the Tenant can commence his move then the landlord shall provide
the space rent-free for the first month of occupancy. Any later than October 8,
1999 the Tenant shall then receive one day free for every calendar day of delay.

         4. RENT

         A. Base Rent. Tenant agrees to pay Landlord during the full Primary
Lease Term the sums as set forth in Appendix "D", payable in equal monthly
installments as set forth in Appendix "D" (the "Base Rent") for the Premises.
The first, full monthly installment of Base Rent shall be payable on the
Commencement Date and each succeeding monthly installment shall be due and
payable on or before the first day of each and every successive calendar month
thereafter during the Primary Lease Term hereof.

         B. No Offsets. The Base Rent, and all other sums or charges required by
this Lease to be paid by the Tenant to the Landlord, all of which are herein
sometimes collectively referred to as "Rent," shall be paid, except as
hereinafter set forth, to the Landlord without deduction or offset, in lawful
money of the United States of America, at the office of the Landlord in the
Building, or to such other person or at such other place as Landlord may from
time to time designate in writing. The sole exception shall be for any amount
necessarily paid by Tenant for a leasehold obligation of Landlord which is
unpaid and past due, and payment of which by Tenant is necessary to preserve the
continuing use and enjoyment of the premises by Tenant. The Tenant shall send
Landlord written notice of at least fifteen (15) business days in advance of
making any such payment in order to have an enforceable right of offset.

         C. Interest on Late Payments. Any rent (whether Base Rent or Additional
Rent) or other amount due from Tenant to Landlord under this Lease not paid
within five (5) days of the date due shall bear interest from the date due until
the date paid at the annual rate of two percent (2%) above the prime rate in
effect from time to time during such period, but not less than fourteen percent
(14%) per annum nor more than sixteen percent (16%) per annum, but the payment
of such interest shall not excuse or cure any default by Tenant under this
Lease. The failure to charge or collect such interest in connection with any one
or more such late payments shall not constitute a waiver of Landlord's right to
charge and collect such interest in connection with any other similar or like
late payments. The covenants herein to pay Rent (both Base Rent and Additional
Rent) shall be independent of any other covenant set forth in this Lease. The
phrase "Prime Rate" as used in this Section and in this Lease shall mean the
rate of interest quoted from time to time by Norwest Bank of Colorado, NA. as
the rate of interest charge to its most creditworthy corporate borrowers on
unsecured ninety (90) day commercial loans.

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         D. Late Payment Charge. Further, and notwithstanding the interest
charges provided for in the preceding subparagraph C, in the event any Rent or
other amounts owing hereunder are not paid within five (5) days after written
notice, Landlord and Tenant agree that Landlord will incur additional
administrative expenses, the amount of which will be difficult if not impossible
to determine. Accordingly, Tenant shall pay to Landlord an additional one-time
late charge for any such late payment in the amount of five percent (5%) of the
amount then due.

         E. Expansion Space. Because of the Tenant's on-going expansion needs,
Tenant shall also be given a first right (or where a right pre-exists, a second
right) to lease any space that becomes available on the 2nd floor of the
building. Leasing of additional space shall include parking, the number of
spaces to be determined by the building parking ratio. Tenant shall have ten
(10) business days from receipt of Landlord's written notice to exercise such
right to lease.

         F. Option. The Tenant will have the option to renew its Lease (and the
Lease on any expansion space), with written notice to the Landlord, at the
then-current market rates with no more than 180 days and no less than 120 days
prior to the expiration of the Lease.

         5. TAXES AND OPERATING COST ADJUSTMENT FORMULA

         In addition to Base Rent and Additional Rent, Tenant shall reimburse
Landlord for certain of the Taxes and Operating Costs of the Building Complex,
such reimbursement to be in the manner, at the times, and in the amounts set
forth in this Section 5 and the following Section 6.

              A. Taxes. If the amount of Taxes billed for any calendar year
beginning with calendar year 2000 and falling partly or wholly within the Term
of this Lease shall be in excess of the real estate taxes levied against the
Building Complex for calendar year 1999 (the "Tax Base Amount"), then the Base
Rent payable by Tenant for such year shall be increased by Tenant's
proportionate share of such difference, such proportionate share being 12
percent and such share calculated on the basis that the rentable area of floor
space in the Premises bears to the total rentable area of floor space in the
Building as of the date hereof. If there is a change in the total Building
rentable area as a result of an addition to the Building, partial destruction,
modification or similar cause, which event causes a reduction or increase on a
permanent basis, Landlord shall cause adjustment in the computation as shall be
necessary to provide for any such changes. Landlord's system for measurement
applied to all tenants, shall be used to determine rentable area. In determining
the amount of Taxes for any calendar year, the amount of special assessments to
be included shall be limited to the amount of the installment (plus any interest
payable thereon) of such special assessment which would have been required to
have been paid during such calendar year if Landlord had elected to have such
special assessment paid over the maximum period of time permitted by law, if
such election is available to Landlord. Except as provided in the second
sentence of Subsection 6.A. (l) hereof, all reference to Taxes "for" and "billed
for" a particular calendar year shall be deemed to refer to Taxes levied,
assessed, billed or otherwise imposed for such calendar year, without regard to
the dates when any such Taxes are due and payable.

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         As used in this Lease, the term "Taxes" means any and all general and
special taxes and imposition of every kind and nature whatsoever levied,
assessed, or imposed upon, or with respect to, the Building Complex, any
leasehold improvements, fixtures, installations, additions, and equipment,
whether owned by Landlord or Tenant, or either because of or in connection with
the Landlord's ownership, leasing, and operation of the Building and the
Property, including, without limitation, real estate taxes, personal property
taxes, sewer rents, water rents, general or special assessments, and duties or
levies charged or levied upon or assessed against the Building and the Property
and personal property, transit taxes, all costs and expenses (including legal
fees and court costs) charged for the protest or reduction of property taxes or
assessments in connection with the Property and the Building, or any tax or
excise on rent or any other tax (however described) on account of rental
received for use and occupancy of any or all of the Building and the Property
whether any such taxes are imposed by the United States, the State of Colorado,
the County of Denver, or any local government municipality, authority, or agency
or any political subdivision of any thereof. Taxes shall not include any net
income, capital stock, succession, transfer, franchise, gift, estate, and
inheritance taxes; provided, however, if at any time during the Term hereof, a
tax or excise on rents or income or other tax, however described (herein called
"Rent Tax"), is levied or assessed by the State of Colorado or any political
subdivision, hereof on account of the Rent hereunder or the interest of Landlord
under this Lease, such Rent Tax shall constitute Taxes.

         If Taxes billed for any calendar year beginning with 2000 are less than
the Tax Base amount, Tenant shall be entitled to an adjustment pursuant to the
provisions of Subsection 6.A. (l).

         B. Operating Costs. If, in any calendar year falling partly or wholly
within the Term of this Lease, the Operating Costs paid or accrued by Landlord
shall be higher than Landlord's Operating Costs for calendar year 1999 (the
"Operating Cost Base Amount"), then the Base Rent payable by Tenant for such
calendar year shall be increased by an amount equal to the Tenant's
proportionate share of such difference calculated on the basis of the percentage
set forth in Subsection LA. Above. If, in any calendar year falling partly or
wholly within the Term of this Lease, the Operating Costs paid or accrued by
Landlord shall be lower than the Operating Cost Base Amount, Tenant shall be
entitled to an adjustment pursuant to the provisions of Subsection 6.B. (1).

         As used in this Lease, the term "Operating Costs" means any and all
expenses, costs, and disbursements (other than Taxes) of every kind and nature
whatsoever, which are paid or accrued by Landlord in connection with the
management, maintenance, operation, or repair of the Building Complex,
(including, without limitation):

         (1) Costs of supplies, including, but not limited to, the cost of
relamping all lighting installed as part of the Building Standard Work or
located in common areas of the Building Complex;

         (2) Costs incurred in connection with obtaining and providing energy
for the Building Complex, including, but not limited to, costs of propane,
butane, natural gas, steam, electricity, solar energy, fuel oils, coal or any
other energy sources;

         (3) Costs of water and sanitary and storm drainage services;

         (4) Costs of janitorial and security services;

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         (5) Costs of general maintenance and repairs, including costs under
climate control and other mechanical maintenance contracts and repairs and
replacements of equipment used in connection with such maintenance and repair
work;

         (6) Costs of maintenance and replacement of landscaping;

         (7) Insurance premiums, including fire and all-risk coverage, together
with loss of rent endorsement, the part of claim required to be paid under the
deductible portion of any insurance policies carried by Landlord in connection
with the Building Complex (where Landlord is unable to obtain insurance without
such deductible from a major insurance carrier at reasonable rates), public
liability insurance (all insurance shall be in such amounts as may be required
by Mortgagee, as defined in Section 24 hereof or as Landlord may reasonably
determine);

         (8) Labor costs associated with operation and maintenance of the
Building Complex, including wages and other payments, costs to Landlord of
workmen's compensation and disability insurance, payroll taxes, welfare fringe
benefits, and all legal fees and other costs or expenses incurred in resolving
any labor dispute associated with the operation and maintenance of the Building
Complex;

         (9) Professional building management fees including rental for the
Manager's office space and costs of supplying the Manager with necessary office
equipment and storage space in the Building;

         (10) Legal, accounting, inspection, and consultation fees (including,
without limitation, fees charge by consultants retained by Landlord for services
that are intended to produce a reduction in Operating Costs, reduce the rate of
increase in Operating Costs or to reasonably improve the operation, maintenance
or state of repair of the Building Complex);

         (11) The cost of capital improvements and structural repairs and
replacements made in or to the Building Complex in order to conform to changes
subsequent to the Commencement Date in any applicable laws, ordinances, rules,
regulations or orders of any governmental or quasi-governmental authority having
jurisdiction over the Building Complex (herein "Required Capital Improvements")
and the costs of any capital improvements and structural repairs and
replacements designed primarily to reduce Operating Costs or to reduce the rate
of increase in Operating Costs (herein "Cost Savings Improvements"). The
expenditures for Required Capital Improvements and Cost Savings Improvements
shall be reimbursed to Landlord in equal installments over the useful life of
such capital improvement or structural repair or replacement (as determined by
Landlord) together with interest on the balance of the unreimbursed expenditure
at the Prime Rate in effect on the date the expenditure was incurred by Landlord
or the rate such funds to make any capital improvements or structural repairs
were actually borrowed by Landlord, whichever may be higher, provided, however,
that the amount to be reimbursed by Tenant for any Cost Savings Improvement
shall be limited in any year to the reduction or estimated savings in Operating
Costs as a result thereof;

         (12) Costs incurred by Landlord or its agents in engaging experts or
other consultants to assist them in making the computations required hereunder;

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         (13) Rental payments or acquisition costs, allocated over the useful
life, for machinery or equipment, including vehicles, necessary to timely and
economically perform the cleaning and maintenance functions imposed on Landlord
together with interest on such acquisition cost at the Prime Rate in effect as
of the acquisition date or the rate such funds for acquisition costs were
actually borrowed by Landlord, whichever may be higher, on the balance of the
unrecovered acquisition cost over the useful life of such machinery or
equipment;

         (14) Special Assessments levied against the Building Complex and/or,
Landlord for any reason whatsoever, including but not limited to, maintenance
and repair of the 16th Street Mall and/or "people mover" or other public
transportation system and/or otherwise.

              "Operating Costs" shall not include:

         (1) Costs of work, including painting and decorating and tenant change
work, which Landlord performs for any tenant or in any tenant's space in the
Building other than work of a kind and scope which Landlord would be generally
obligated to furnish to all tenants;

         (2) Costs of repairs or other work occasioned by fire, windstorm or
other insured casualty to the extent of insurance proceeds received;

         (3) Leasing commissions, advertising expenses, and other costs incurred
in leasing space in the Building;

         (4) Costs of repairs or rebuilding necessitated condemnation;

         (5) Any interest on borrowed money or debt amortization, except as
specifically set forth above;

         (6) Depreciation on the Building Complex;

         (7) Any settlement, payment or judgment incurred by Landlord or the
Building manager due to their willful misconduct or gross negligence, as
established by a court of law, which is not covered by insurance proceeds; or

         (8) Cost of any damage to the Building Complex caused directly by
Landlord's willful misconduct or gross negligence, as established by a court of
law, which is not covered by insurance proceeds.

              Notwithstanding anything contained herein to the contrary, if any
lease entered into by Landlord with any tenant in the Building is on a so-called
"net" basis, or provides for a separate basis of computation for any Operating
Costs with respect to its leased premises, then to the extent that Landlord, in
its sole judgment, determines that an adjustment should be made in making the
computations herein provided for to appropriately allocate the Operating Costs
among the tenants, Landlord shall be permitted to modify the computation of
Taxes, Operating Cost Base Amount, rentable area, and/or Operating Costs for a
particular calendar year in order to eliminate or otherwise compensate for any
such expenses which are paid for in whole or in part by such tenant.
Furthermore, in making any computations contemplated hereby, Landlord shall also
be permitted to make such adjustments and modifications to the provisions of
this Section 5 as shall be reasonably necessary to achieve the intention of the
parties hereto.

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         6. TAXES AND OPERATING COST ADJUSTMENT PAYMENT

         The adjustments provided for in Subsections 5.A. and 5B. shall be made
as follows:

         A. Tax Payments.

         (1) In the case of calculations made pursuant to Subsection 5.A. above,
such calculation shall be made promptly following receipt by Landlord of the
bills (meaning in the case of annual general real estate taxes, the statement
for same) for Taxes for each calendar year in question. In the event of a
subsequent adjustment of Taxes for a previous calendar year by the taxing
authority which adjustment has resulted in a corresponding adjustment payment by
or to Landlord, the same shall constitute an adjustment to Taxes paid during the
calendar year when such adjustment payment is made. If, pursuant to such
calculations, the Tenant's pro rata share of Taxes due as adjusted by the taxing
authority are more than the Tenant's pro rata portion of the Taxes paid by
Tenant, Tenant shall pay to Landlord, within fifteen (15) days following the
furnishing (the "upward adjustment date") of each such calculation to Tenant,
Tenant's pro rata share of such difference. If pursuant to such calculations,
the Taxes so billed are less than the Tenant's pro rata share of Taxes paid by
Tenant, and provided Tenant shall: (i) be entitled to share in such savings
pursuant to the provisions of Subsection 5.A.; and (ii) not then be in default
under any of the provisions of this Lease, Landlord shall, at Tenant's option,
either refund the amount of Tenant's proportionate share of such difference,
calculated as aforesaid, or apply such amount against any other amounts then due
from Tenant to Landlord.

         (2) Commencing with the first calendar month next succeeding each
upward adjustment date, Tenant shall pay to Landlord on the first day of each
calendar month until the next upward adjustment date (which period between
adjustment dates herein called a "Tax Deposit Year") one-twelfth of the amount
Tenant's proportionate share of the excess (the "Tax Excess") of: (1) Taxes most
recently billed (as reported in the calculation furnished pursuant to foregoing
clause (a) over (ii) the Tax Base Amount, and shall also pay with each such
first monthly payment for a Tax Deposit Year an amount equal to one-twelfth of
Tenant's proportionate share of such Tax Excess multiplied by the number of
calendar months between (y) the month preceding the month in which Landlord
received the bills for Taxes and (z) the first such monthly payment date.
Amounts paid under Subsection (2) in any Tax Deposit Year shall be credited
against any amounts payable by Tenant under the foregoing Subsection (1) on
account of Taxes billed to Landlord for the same Tax Deposit Year, and provided
there is any surplus remaining after the credit to Tenant and provided Tenant
shall not then be in default under any of the provisions of this Lease, Landlord
shall, at Landlord's option, either refund the amount of such surplus to Tenant
within fifteen (15) days following the end of such Tax Deposit Year or apply
such surplus amount against any other amounts then due from Tenant to Landlord.

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         B. Operating Cost Payment.

         (1) In the case of calculations made pursuant to Subsection 5.B., such
calculation shall be made as promptly as practicable following each calendar
year in question, and bills therefore shall be furnished to Tenant. Any
subsequent adjustment of Operating Costs for such calendar year which results in
a corresponding adjustment payment by or to Landlord, shall constitute an
adjustment to Operating Costs during the calendar year when such adjustment is
made. If pursuant to such calculations, the Operating Costs so paid exceed the
Operating Cost Base Amount, Tenant shall pay Landlord within thirty (30) days of
furnishing (the "upward adjustment date") of such calculation to Tenant,
Tenant's proportionate share of such difference, calculated on the basis of the
percentage determined in Subsection 5.A. If, pursuant to such calculations, the
Operating Costs paid for any calendar year falling partly or wholly within the
Term of this Lease are less than the Operating Cost Base Amount, and provided
Tenant: (i) is entitled to share in such savings, pursuant to the provisions of
Subsection 5. B.; and (ii) is not then in default under any of the provisions of
this Lease, Landlord shall, at Landlord's option, either refund the amount of
Tenant's proportionate share of such difference, calculated as aforesaid, or
apply such amount against any other amounts then due from Tenant to Landlord.

         (2) As soon as practicable after the close of the calendar year of the
Commencement Date, Landlord shall supply Tenant with written notice of
Landlord's estimate of the Operating Expenses that will be incurred or accrued
during such calendar year immediately following the calendar year of the
Commencement Date (the "Initial Deposit Year") in excess of the Operating Base
Cost Amount. On or before the first day of each month during such Initial
Deposit Year, Tenant shall pay to Landlord one-twelfth of Tenant's proportionate
share of such estimated excess amount. If the monthly deposit amount is not
determined in time for Tenant to make the first payment on January 1 of the
Initial Deposit Year, then the first monthly payment shall be due on the first
day of the month immediately following the date Landlord supplies Tenant with
notice of the excess amount and the first monthly payment(s) shall also include
a payment equal to one-twelfth of such additional sum multiplied by the number
of calendar months which have elapsed during the Initial Deposit Year prior to
the date Tenant makes its first payment. If the total of the estimated payments
made by Tenant during the Initial Deposit Year are less than Tenant's obligation
under the Lease for operating Costs for such Initial Deposit Year, then Tenant,
within fifteen (15) days of the billing therefore, shall pay such deficiency to
Landlord. In the event the total of the Tenant's estimated payments for the
Initial Deposit Year exceed Tenant's obligation for excess Operating Costs for
such year, then the surplus shall be handled in the manner provided in the last
sentence of Subsection 6.B. (3).

         (3) Commencing with the calendar year following the Initial Deposit
Year and during each calendar year following the Initial Deposit Year and during
each calendar year of the Term of this Lease, Tenant shall pay to Landlord on
the first day of each month of each calendar year (hereinafter sometimes called
an "Expense Deposit Year") one-twelfth of the amount, if any, of Tenant's
proportionate share of the excess of Operating Costs paid during the preceding
calendar year over the Operating Cost Base Amount. In the event the monthly
amount so payable by Tenant during any calendar year is not determined until
after January 1 of such calendar year, then until such monthly amount is
determined, Tenant shall continue to pay a monthly amount equal to the monthly
payments required of Tenant with respect to adjusted (estimated in the case of
the Initial Deposit Year) Operating Costs for the preceding

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calendar year, and when such current calendar year's monthly amount is so
determined, Tenant shall, upon being advised thereof, pay any deficiency between
the monthly payments theretofore made during such period and the current monthly
payment; provided that in the first calendar year in which Tenant is required to
pay additional sums for Operating Costs under this Subsection (3), the first
monthly payment shall also include a payment equal to one-twelfth of such
additional sum multiplied by the number of calendar months which have elapsed
during such calendar year prior to the first monthly payment due date(s) for
such additional sum. If the advice shows a surplus rather than a deficiency, and
provided Tenant: (i) is entitled to share in such savings, pursuant to
Subsection 5.B.; and (ii) is not then in default under any of the provisions of
this Lease, Landlord shall, at Landlord's option, either refund the amount of
such surplus to Tenant within fifteen (15) days following such advice, or apply
such amount against any other amounts then due from Tenant to Landlord.

         C. Audit and Adjustment Procedures.

         (1) The annual determination and statement of Taxes and Operating Costs
shall be prepared in accordance with generally accepted accounting principles.
In the event of any dispute as to any Rent due hereunder, Tenant shall have the
right to inspect Landlord's accounting records relative to Taxes and Operating
Costs at the office in which Landlord maintains its records during normal
business hours at anytime within fifteen (15) days following the furnishing by
Landlord to Tenant of such statement. Unless Tenant shall take written exception
of any item in any such statement within such fifteen (15) day period, such
statement shall be considered as final and accepted by Tenant. If Tenant makes
such timely written exception, a certification as to the proper amount of Rent
shall be made by a Certified Public Accountant designated by Landlord which
certification shall be final and conclusive. Tenant agrees to pay the cost of
such certification unless it is determined that Landlord's original
determination of both Taxes and Operating Costs was in error by more than three
percent (3%) over Tenant's actual obligation.

         (2) In the event of the termination of this Lease by expiration of the
stated Term or for any other cause or reason prior to the determination of an
adjustment to Rent permitted by this Lease, Tenant's agreement to pay its pro
rata share of increases in Taxes and Operating Costs up to the time of
termination shall survive termination of this Lease, and Tenant shall pay all
amounts due to Landlord within fifteen (15) days after being billed therefore.
In the event of termination of this Lease by expiration of the stated Term or
for any other cause or reason whatsoever, except default by Tenant of any of the
terms or provisions of this Lease, prior to the determination of adjustments as
herein above set forth in Sections 5 and 6, Landlord's agreement to refund any
excess Rent paid by Tenant up to the time of termination shall survive
termination of the Lease, and Landlord shall pay the amount due, adjusted by the
amounts of any applicable offsets, to Tenant within fifteen (15) days of
Landlord's determination of such amount.

         (3) All calculations to be made under this Section 6 shall be made,
furnished, handled, and (where applicable) billed separately.

         (4) Subject to the rights of Landlord hereunder any refund to which
Tenant may be entitled under the provision of any of Subsections 6.A. (l), 6.A.
(2), 6.B. (l), 6.B. (2) and 6.B. (3) may not be used by Tenant to offset any
payments of Base Rent, Additional Rent or other payments then due or that become
due Landlord under this Lease.

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         (5) If the Term of this Lease commences on any day other than the first
day of January, or if the Term of this Lease ends on any day other than the last
day of December, any payment due to Landlord by reason of an increase in Taxes
or Operating Costs shall be pro rated on the basis by which the number of days
in such partial year bears to 365.

         (6) All sums which Tenant is required to pay or discharge pursuant to
Sections 5 and 6 of this Lease in addition to Base Rent and Additional Rent,
together with any interest or other sums which may be added for late payment
thereof, shall constitute "Rent" hereunder.

         7. HOLDING OVER

         Should Tenant hold over after the termination of this Lease, whether
such termination occurs by lapse of time or otherwise, Tenant shall become a
tenant from month-to-month upon each and all of the terms herein provided as may
be applicable to such a tenancy, and any such tenancy shall not constitute an
extension of this Lease; provided, however, during such period as a tenant from
day-today Tenant shall pay Base Rent at one hundred fifty percent (150%) payable
for the month immediately preceding the date of termination of this Lease and,
in addition, Tenant shall reimburse Landlord for all damages sustained by it by
reason of Tenant's occupying the Premises past the termination date.
Alternatively, at the election of Landlord and expressed in a written notice to
Tenant and not otherwise, such retention of possession past the termination date
shall constitute a month-to-month tenancy upon each and all of the terms herein
provided as may be applicable to such month-to-month tenancy. The provisions of
this paragraph shall not exclude nor waive Landlord's right of re-entry or any
other right thereunder.

         8. BUILDING SERVICES

         A. Standard Services. Landlord agrees to furnish to the Premises during
regular business hours from 7:00 A.M. to 6:00 P.M. Mondays through Fridays and
from 7:00 A.M to 1:00 P.M. Saturdays, except for federally observed Holidays,
and subject to the rules and regulations of the Building, heat and air
conditioning, which in Landlord's judgment is necessary to provide a reasonably
comfortable environment for the use and occupancy of the Premises, and passenger
elevator service and freight elevator service, subject to scheduling by
Landlord. Landlord shall also furnish: (i) adequate electric current to be
supplied for lighting the Premises and public halls, and for the operation of
ordinary office equipment, exclusive of heavy-duty or heavy demand equipment:
(ii) janitorial and cleaning services during the business week; and (iii)
domestic water, in reasonable quantity. Elevator service shall mean non-attended
automatic elevators. Landlord shall also furnish, at rates set from time to
time, heating and air conditioning at such other times as are not provided for
herein, provided Tenant gives Landlord not less than twenty-four (24) hours'
notice of Tenant's needs for such additional heating or air conditioning.
Landlord shall also, at said times, maintain and keep lighted the common stairs,
entries, and toilet rooms in the Building that would reasonably be subject to
use by Tenant, its agents and employees during other than regular business
hours. Landlord also has the right to charge Tenant for energy costs and such
other costs as may be incurred because of Tenant's above Building average usage
or by reason of usage of the Premises or the Building during other than regular
business hours at Landlord's actual cost.

                                       10

         B. Interruption of Standard Services. Tenant agrees that Landlord shall
not be liable for failure to supply, heating, air conditioning, elevator,
janitorial service, electric current, or any other service described in
Subsection A above during any period when Landlord uses reasonable diligence to
restore or to supply such services or electric current, it being further agreed
that Landlord reserves the right to temporarily discontinue such services or any
of them, or electric current at such times as may be necessary by reason of
accident, unavailability of employees, repairs, alternations, or improvements or
whenever by reason of strikes, lockouts, riots or acts of God, or any other
happening or occurrence beyond the reasonable control of Landlord. If Landlord
is unable to furnish such services or electric current, Landlord shall not be
liable for damages to persons or property for any such discontinuance, nor shall
such discontinuance in any way be construed as a constructive or actual eviction
of Tenant or cause an abatement of rent or operate to release Tenant from any of
Tenant's obligations hereunder. Landlord's obligation to furnish services or
electric current shall be conditioned upon the availability of adequate energy
sources from the public utility companies presently serving the Building
Complex. Landlord shall have the right to reduce heating, cooling, or lighting
within the Premises and in the public area in the Building as required by any
mandatory or voluntary fuel or energy-saving program. Landlord shall have the
right to enter upon the Premises at all reasonable times in order to make such
repairs, alterations, and adjustments as shall be necessary in order to comply
with the provisions of any voluntary fuel or energy-saving program or any
mandatory statute, regulation, or program. Tenant, after payment of the
unamortized tenant improvements, shall have the right to terminate this lease
after a minimum of ten (10) days of interrupted service upon five (5) additional
days' written notice.

         C. Services Paid By Tenant. Tenant shall separately arrange with
applicable local public authorities or utilities, as the case may be, for the
furnishing of and payment for all telephone services as may be required by
Tenant in the use of the Premises. Tenant shall directly pay for such telephone
services, including the establishment and connection thereof, at the rates
charged for such services by said authority or utility, and the failure of
Tenant to obtain or to continue to receive such services for any reason
whatsoever shall not relieve Tenant of any of its obligations under this Lease.
Telephone installation shall be accomplished pursuant to all state and local
building codes and other requirements. Likewise, Tenant shall be responsible for
insuring Tenant's personal property. Tenant shall have the non-exclusive right
to use common area as necessary to provide such services to the Premises upon
the consent of the Landlord which consent shall not be unreasonably withheld or
delayed.

         D. Above-Standard Service Requirements. If heat generating machines or
equipment, including telephone equipment, cause the temperature in the Premises,
or any part thereof, to exceed the temperatures the Building's air conditioning
system would be able to maintain in such Premises were it not for such heat
generating equipment, then Landlord reserves the right to install supplementary
air conditioning units in the Premises, and the cost thereof, including the cost
of installation and the cost of operation and maintenance thereof, shall be paid
by Tenant to Landlord upon demand by Landlord.

         Tenant shall not, without the written consent of Landlord, use any
apparatus or device which will in any way increase the amount of electricity or
water which Landlord determines to be reasonable for use of the Premises as
general office space, nor connect with electric current (except through existing
electrical outlets in the Premises) or water pipes any apparatus or device for

                                       11

the purposes of using electric current, water, or other energy. If Tenant shall
require electric current, water, or any other energy in excess of that which is
respectively obtainable from existing electrical outlets or water pipes, and
which is, in Landlord's opinion, above normal for use of the Premises as general
office space, Tenant shall first procure the consent of Landlord, which Landlord
may not unreasonably refuse. If Landlord consents to such excess electric,
water, or other energy, requirements, Tenant shall, on demand, pay all costs of
meter service and facilities necessary to measure and/or furnish such excess
capacity. Tenant shall also pay the entire cost, of such additional electricity,
water, or other energy used, without limitation, the operation of heavy-duty
accounting equipment and copy equipment, computer equipment, and the operation
of ordinary office equipment in such numbers that more electric current is
required than is necessary for normal business office use as determined by
Landlord.

         E. Cleaning. Tenant shall not provide any janitorial or cleaning
services without Landlord's written consent, and then only subject to
supervision of Landlord, at Tenant's sole responsibility, and by a janitorial or
cleaning contractor or employees at all times satisfactory to Landlord.

         F. Parking. Tenant, its employees, and its visitors may use the parking
area portion of the Building Complex in common with other tenants of space in
the Building, their employees, and their visitors, all subject to such
reasonable rules and regulations and charges as from time to time may be imposed
by Landlord. The tenant shall have six (6) unassigned spaces on the upper
parking lot and six (6) assigned parking spaces in the lower parking garage. The
assigned parking spaces shall be at a charge of $50.00 per month per space for
the first twelve (12) months of the lease. The charge for the assigned spaces
shall escalate at $5.00 per month per space on an annual basis for the remaining
four years of the lease. Tenant shall have the right to exchange any assigned
parking space with thirty (30) days' written notice to the Landlord for
unassigned parking spaces at no charge.

         0. Re-Lamping. Landlord shall have the exclusive right and obligation
to make any replacement of electric light bulbs, fluorescent tubes and ballasts
in the Building Complex throughout the primary Lease Term and any renewal
hereof. Landlord may adopt a system of relamping and reballasting periodically
on a group basis in accordance with good management practice.

         9. CONDITION OF PREMISES

         Subject to the provisions of Appendix C respecting Landlord's
obligation to complete "punch list" items, Tenant, by taking possession of the
Premises, shall be deemed to have agreed that the Premises were, as of the date
of taking possession, in good order, repair, and condition and satisfactorily
completed in accordance with Landlord's obligations under this Lease. No promise
of Landlord to alter, remodel, decorate, clean, or improve the Premises, the
Building, or the Property and no representation or warranty, express or implied,
respecting the condition of the Premises, the Building, or the Property has been
made by Landlord to Tenant, unless same is contained herein or made a part
hereof. This Lease does not grant any rights to light or air over the Premises
or the Property. Landlord warrants to Tenant that there are no defects which
violate any code or law which would render the building uninhabitable.

                                       12

         10. USE OF LEASED PREMISES

         A. Use. The Leased Premises shall not be used other than for the
purpose set forth in Section 1 of this Lease, provided such purpose complies
with all applicable laws, ordinances, regulations, or other governmental
ordinances from time to time in existence.

         B. Prohibited Use. The Leased Premises shall not be used for the
carrying on of any barter, trade, or exchange of goods, or sales through
promotional give-away gimmicks, or business involving the sale of second-hand
goods, insurance salvage stock, or fire sale stock, and shall not be used for
auction or pawnshop business, any fire sale, bankruptcy sale, going-out-of
business sale, moving sale, bulk sale, or any other business which, because of
merchandising methods or otherwise, would tend to lower the first-class
character of the Building. Tenant shall be allowed from time to time to ship and
receive computers and computer equipment by use of the elevator so long as
Tenant uses reasonable care to protect the elevator and doors from such
activity.

         C. Hazardous Use. Tenant agrees that it will not keep, use, sell, or
offer for sale in or upon the Leased Premises any article which may be
prohibited by any insurance policy from time to time covering the Building. In
the event Tenant's occupancy or conduct of business in or on the Leased
Premises, whether or not Landlord has consented to the same, results in any
increase in premiums for the insurance carried from time to time by Landlord
with respect to the Building, Tenant shall pay any such increase in premiums as
Rent within fifteen (15) days after bills for such additional premiums shall be
rendered by Landlord. In determining whether increased premiums are a result of
Tenant's use or occupancy of the Leased Premises, a schedule issued by the
organization computing the insurance rate on the Building showing the various
components of such rate, shall be conclusive evidence of the several items and
charges which make up such rate. Tenant shall promptly comply with all
reasonable requirements of the insurance authority or of any insurer now or
hereafter in effect relating to the Leased Premises. To the Landlord's actual
knowledge, there are no violations of any environmental laws or regulations
relating to the Premises.

         D. No Waste. Tenant shall not commit, suffer, or permit any waste,
damage, disfiguration, or injury to the Leased Premises or the Building Complex
common areas or the fixtures and equipment located therein or thereon, or permit
or suffer any overloading of the floors thereof, and shall not place any safes,
heavy business machinery or other heavy things in the Premises without first
obtaining the written consent of Landlord and, if required by Landlord, of
Landlord's architect, and shall not use or permit to be used any part of the
Leased Premises for any dangerous, noxious, or offensive trade or business, and
shall not cause or permit any nuisance, noise, or action in, at, or on the
Leased Premises.

         E. Protection Against Insurance Cancellation. If any insurance policy
on the Building or any part thereof shall be canceled or if cancellation shall
be threatened, or if the coverage thereunder shall be reduced or be threatened
to be reduced, in any way by reason of the use or occupation of the Leased
Premises or any part thereof by Tenant, any assignee or subtenant of Tenant, or
by anyone permitted by Tenant to be upon the Leased Premises, and if Tenant
fails to remedy the condition giving rise to the cancellation, threatened
cancellation, reduction or notice thereof, Landlord may, at its option,

                                       13

enter upon the Leased Premises and attempt to remedy such condition and Tenant
shall forth with pay the cost thereof to Landlord as additional Rent. Landlord
shall not be liable for any damage or injury caused to any property of Tenant or
of others located on the Leased Premises as a result of such entry unless caused
by the gross negligence of Landlord. In the event that Landlord shall be unable
to remedy such condition, then Landlord shall have all of the remedies provided
for in this Lease in the event of a default by Tenant. Notwithstanding the
foregoing provisions of this Section 10, if Tenant fails to remedy as aforesaid,
Tenant shall be in default of its obligation hereunder, and Landlord shall have
no obligation to attempt to remedy.

         11. COMPLIANCE WITH THE LAW

         Tenant shall not use the Premises or permit anything to be done in or
about the Premises which will in any way conflict with any law, statute,
ordinance, or governmental rule or regulation now in force or which may
hereafter be enacted or promulgated. Tenant shall, at its sole cost and expense,
promptly comply with all laws, statutes, ordinances, and governmental rules,
regulations, or requirements now in force or which may hereafter be in force,
and with the requirements of any board of fire underwriters or other similar
body now or hereafter, constituted, relating to or affecting the condition, use,
or occupancy of the Premises, excluding structural changes not related to or
affected by Tenant's improvements or acts. The judgment of any court of
competent jurisdiction or the admission of Tenant in an action against Tenant,
whether Landlord be a party thereto or not, that Tenant has violated any law,
statute, ordinance, or governmental rule, regulation, or requirement, shall be
conclusive of that fact as between Landlord and Tenant.

         12. ALTERATION OR REPAIRS

         A. Tenant to Maintain. Tenant shall, at its sole expense, keep the
Premises in good repair and tenantable condition during the Term of this Lease.
Landlord agrees that it will use its reasonable best efforts to maintain the
common areas of the Building in a condition similar to the condition of other
like building space in the area the cost of which shall be paid as described in
paragraph 5(B) above. Tenant shall not, without the prior written consent of
Landlord, which shall not be unreasonably withheld, make any alterations,
improvements, or additions to the Premises, including, but not limited to,
partitions, wall coverings, floor coverings, and special lighting installations.
In the event Tenant desires to make any alterations, improvements, or additions,
Tenant shall first submit to Landlord written approval, thereof prior to
commencing any such work. All alterations, improvements, or additions, whether
temporary or permanent in character, made by Landlord or Tenant in or upon the
Premises shall become Landlord's property and shall remain upon the Premises at
the termination of this Lease by lapse of time or otherwise, without
compensation to Tenant (excepting only, Tenant's movable office furniture, trade
fixtures, and professional equipment); provided, however, that Landlord shall
have the right to require Tenant to remove such alterations, improvements, or
additions at Tenant's cost upon the termination of this Lease, and the repair of
any damage caused to the Premises or the building as a result of any such
removal shall be paid for by Tenant. The work necessary to make any repairs
requirement pursuant to this section 12 or to make any alterations,
improvements, or additions to the Premises to which Landlord may consent
pursuant thereto, shall be done by employees or contractors employed by
Landlord, or with Landlord's consent in writing given prior to the letting of a
contract by contractors employed by Tenant, but in each case, only under written
contract approved in writing by Landlord, and subject to all conditions Landlord

                                       14

may impose. Tenant shall promptly pay to Landlord or to Tenant's contractors, as
the case may be, when due, the cost of all such work and of all decorating
required by reason thereof, and upon completion, deliver to Landlord, if payment
is made directly to Tenant's contractors, evidence of payment and waivers of all
liens for labor, services, or materials, and furthermore, Tenant shall defend
and hold Landlord harmless from all costs, damages, liens for labor, services,
or materials relating to such work, and shall defend and hold Landlord harmless
from all costs, damages, liens, and expenses related thereto. In the event that
Landlord incurs any expenses in the removal of trash cleaning of elevators,
public corridors, and loading areas as a result of Tenant's contractors' work,
then Tenant agrees it shall reimburse Landlord within fifteen (15) days of
billing.

         B. Protection Against Liens. At least fifteen (15) days prior to the
commencement of any work on the Leased Premises, Tenant shall notify the
Landlord of the names and addresses of the persons supplying labor and materials
for the proposed work so that Landlord may avail itself of the provisions of
statutes such as Section 38-22-105(2) of the Colorado Revised Statutes. During
the progress of any such work on the Leased Premises, Landlord or its
representatives shall have the right to go upon and inspect the Leased Premises
at all reasonable times, and shall have the right to post and keep posted
thereon notices such as those provided for by Section 3822-105(2) C.R.S., or to
take any further action which Landlord may deem to be proper for the protection
of Landlord's interest in the Leased Premises.

         C. Condition of Surrender. Tenant shall, at the termination of this
Lease, surrender the Premises to Landlord in as good condition and repair as
reasonable and proper use thereof will permit, loss by ordinary wear and tear,
fire, and other insured against casualty excepted, and in the state of broom
cleanliness.

         D. Damage By Tenant. If the Building, elevators, boilers, engines,
pipes, and other apparatus, or members or elements of the Building (or any of
them) used for the purpose of climate control of the Building or operations of
elevators, or if the water pipes, drainage pipes, electric lighting, or other
equipment of the Building, the roof or outside walls of the Building, or parking
facilities of Landlord become damaged or are destroyed through the negligence,
carelessness, or misuse of Tenant, its servants, agents, employees, or through
Tenant or such parties, then the cost of necessary repairs, replacements, or
alterations shall be borne by the Tenant, who shall, on demand, forthwith pay
the same to Landlord as Rent. Any amounts due by Tenant pursuant to this
paragraph shall be reduced by the amount of insurance proceeds, if any, received
by Landlord for the repair of said damage. Tenant agrees all alterations to the
Premises shall be completed under the direct supervision of Landlord except for
minor repairs and cosmetic alterations the cumulative cost of which is less than
$1,000.00.

         13. ABANDONMENT - Tenant shall give Landlord fifteen (15) days written
notice of its intent to abandon the Premises.

         14. ASSIGNMENT AND SUBLETTING.

         A. Limitation on Assignment or Subletting. Tenant shall not assign this
Lease, or any interest therein, and shall not sublet the Premises, or any part
thereof, or any right or privilege appurtenant thereof or shall not suffer any
other person to occupy or use the Premises or any portion thereof without the
written consent of Landlord first had and obtained, which consent

                                       15

may not be unreasonably withheld except as hereinafter expressly otherwise
provided. Landlord agrees not to withhold consent to any proposed assignment of
Tenant's entire interest in this Lease or to a subletting of the entire Premises
for all of the then remaining term of this Lease less one (1) day, provided
Tenant requests the same in writing, and provided: (i) at time thereof, Tenant
is not in default under this Lease; Landlord, in its sole discretion reasonably
exercised, determines that the reputation, business, proposed use of the
Premises, and financial responsibility of and by the proposed assignee or
sublessor as the case may be, are satisfactory to Landlord; (iii) any assignee
shall expressly assume all the obligations of this Lease on Tenant's part to be
performed; (iv) such consent, if given, shall not release Tenant of any of its
obligations (including, without limitations, its obligation to pay Rent) under
this Lease; and (v) Tenant and/or Tenant's assignee in the case of an assignment
specifically agree to pay over to Landlord, as Rent, all net profits provided to
be paid under the terms and conditions of such sublease or assignment which
would be in excess of the amounts otherwise required to be paid by Tenant
pursuant to this Lease. Any assignment, subletting or occupancy without
Landlord's prior written consent shall be void and shall, at the option of
Landlord, constitute a default under this Lease. Neither this Lease nor any
interest therein shall be assignable as to the interest of Tenant by operation
of law without the written consent of Landlord, which consent may be arbitrarily
withheld.

         B. Acceptance of Performance No Waiver. If this Lease be assigned, or
if the Premises or any part thereof be sublet occupied by anybody other than
Tenant, Landlord may, after default by Tenant, collect the Rent from the
assignee, subtenant, or occupant and apply the net amount collected to the Rent
herein reserved, but no such assignment, subletting, occupancy or collection
shall be deemed an acceptance of the assigned, subtenant or occupant as the
Tenant hereof or constitute release of Tenant from further performance by Tenant
of covenants on the part of Tenant herein contained. A sale by Tenant of all or
substantially all of its assets or all or substantially all its stock, if Tenant
is a publicly traded corporation, a merger of Tenant with another corporation,
or the transfer of fifty percent (50%) or more of the beneficial ownership
interests in a partnership tenant, without the prior written consent of
Landlord, shall constitute a prohibited assignment hereunder. Consent by
Landlord to any one assignment subletting shall not in any way be construed as
relieving Tenant from obtaining the Landlord's express written consent to
another assignment or subletting. Notwithstanding the consent of Landlord to an
assignment or subletting, Tenant shall not be relieved from its primary
obligations hereunder to Landlord, including but not limited to the Tenant's pro
rata share of increases in Taxes and Operating Expenses and the Additional Rent.
Landlord's consent to a requested subletting or assignment shall not waive
Landlord right to refuse to consent to any other such request.

         B. Landlord to Approve Documents. All documents utilized by Tenant to
evidence any subletting or assignment to which Landlord has consented shall be
subject to prior approval by Landlord or its attorney which consent shall not be
unreasonably withheld. Tenant shall pay on demand all Landlord's costs and
expenses, including reasonable attorneys' fees, incurred in determining whether
or not to consent to any requested subletting or assignment and in reviewing and
approving such documentation.

                                       16

         15. SIGNS AND ADVERTISING

         Tenant shall not install, paint, display, inscribe, place or affix any
sign, picture, advertisement, notice, lettering, or direction in the interior of
the Leased Premises which is visible from the outside of the Building. Landlord
will describe a uniform pattern of identification signs for Tenant, to be placed
on the outside of the doors leading into the Leased Premises, and other than
such identification signs, Tenant shall not install, paint, display, inscribe,
place, affix, or otherwise attach, any sign, picture, advertisement, notice,
lettering, or direction on the outside of the Leased Premises or Building for
exterior view without the prior written consent of Landlord.

         16. DAMAGE TO PROPERTY, INJURY TO PERSONS

         A. Tenant's Waiver of Claims. Tenant, as a material part of the
consideration to be rendered to Landlord under this Lease, to the extent
permitted by law, hereby waives all claims (except claims caused by or resulting
from the gross negligence of Landlord, its agents, servants, or employees which
Tenant, Tenant's successor, or permitted assigns may have against Landlord, its
agents, servants, or employees) for loss, theft, or damage to property and for
injuries to persons, including death, in, upon, or about the Premises, the
Building, or the Building Complex, from any cause whatsoever. Tenant will
protect, defend, indemnify, and hold Landlord, its agents, servants, and
employees exempt and harmless from and on account of any damage or injury to
persons, including death, or to the goods, wares, and merchandise of any person,
including the loss of the use thereof occasioned by Tenant's use or occupancy of
or otherwise arising in any manner from, on, or out of the Premises, other than
that caused by or resulting from the gross negligence of Landlord. Landlord will
protect, defend, indemnify, and hold Tenant, its agents, servants, and employees
exempt and harmless from and on account of any damage or injury to persons,
including death, or to the goods, wares, and merchandise of any person,
including the loss of the use thereof, occasioned by Landlords use or occupancy
of or otherwise arising in any manner from, on, or out of the Common Area, other
than that caused by or resulting from the gross negligence of Tenant or Tenant's
agents, servants and employees.

         B. Negligence of Third Parties. Neither Landlord nor its agents,
servants, or employees shall be liable to Tenant for any damage by or from any
act or negligence of any tenant or other occupant of the Building or by any
owner or occupant of adjoining or contiguous property. Tenant agrees to pay for
all damage to the Building or the Premises, as well as all damage to tenants or
occupants thereof caused by Tenant's misuse or neglect of the Premises, its
apparatus or appurtenances, or caused by any licensee, contractor, agent, or
employee of Tenant. Notwithstanding the foregoing provisions, neither Landlord
nor Tenant shall be liable to one another for any loss, damage, or injuries
caused by its act or neglect to the extent that the other party has recovered
the amount of such loss, damage, or injury from an insurer and the insurance
company is bound by this waiver of liability. Notwithstanding the above,
Landlord shall use its reasonable best efforts to equitably enforce the rules
and regulations of the Building.

         C. Tenant's Property. Particularly, but not in limitation of the
foregoing paragraph, all property belonging to Tenant, or any occupant of the
Premises, that is in the Building or the Premises, shall be there at the risk of
Tenant or other person only, and Landlord or its agents or employees (except in

                                       17

the case of gross negligence of Landlord or its agents or employees) shall not
be liable for: (i) damage to or theft of or misappropriation of such property;
(ii) any damage to property entrusted to Landlord, its agents, or employees, if
any; (iii) loss of or damage to any property by theft or otherwise, by any means
whatsoever; (iv) any injury or damage to persons or property resulting from
fire, explosion, falling plaster, or ceiling tiles, steam, gas, electricity,
snow, water, or rain which may leak from any part of the Building or from the
pipes, appliances, or plumbing works therein or from the roof street,
subsurface, or from any other place, or resulting room dampness or any other
cause whatsoever; (v) interference with the light, air, or other incorporeal
hereditament; or (vi) any latent defect in the Premises or in the Building or
the Building Complex. Tenant shall give prompt notice to Landlord in case of
fire or accidents in the Premises or in the Building or of observed defects
therein or in the fixtures or equipment.

         D. Tenant to Perform. In the event that any action or proceeding shall
be brought against Landlord by reason of any obligation on Tenant's part to be
performed under the terms of this Lease, or arising from any act or negligence
of Tenant, its agents, or employees, then Tenant, upon notice from Landlord,
shall defend the same at Tenant's expense by counsel reasonably satisfactory to
Landlord.

         17. TENANT'S INSURANCE

         Tenant shall, during the entire Term of this Lease, at its sole cost
and expense, obtain, maintain, and keep in full force and effect the following
types of insurance:

         (a) Fire and extended coverage insurance, including endorsements for
vandalism, malicious mischief, theft, sprinkler leakage, covering all of
Tenant's property, including, but not limited to, furniture, fittings,
installations, alterations, additions, partitions, fixtures, and anything in the
nature of an added leasehold improvement in an amount equal to the full
replacement cost of such property without deduction for depreciation. In the
event that there shall be a dispute as to the amount which comprises full
replacement cost, the decision of Landlord shall be conclusive;

         (b) Public liability insurance, including bodily injury and property
damage, personal injury, contractual liability with respect to all claims,
demands, or actions by any person, firm, corporation, in any way arising from,
related to, or connected with the conduct and operation of Tenant's business in
the Premises or Tenant's use of the Premises. Such policies shall be written on
a comprehensive basis, with limits not less than $1,000,000, and such higher
limits as Landlord or the mortgagees of Landlord may require from time to time.

         All policies shall be taken out with insurers acceptable to Landlord
and in a form satisfactory from time to time to Landlord which consent shall not
be unreasonably withheld. Tenant agrees that certificates of insurance or, if
required by Landlord or the mortgagees of Landlord, certified copies of each
such insurance policy will be delivered to Landlord as soon as practicable after
the placing of the required insurance, but in no event later than fifteen (15)
days after Tenant takes possession of all or any part of the Leased Premises.
All policies shall require that at least fifteen (15) days' prior written notice
be delivered to Landlord by the insurer prior to termination, cancellation, or
material change in such insurance.

                                       18

         Tenant agrees that in the event of damage or destruction to the
leasehold improvements in the Leased Premises covered by insurance required to
be taken out by Tenant pursuant to this Section, Tenant shall use the proceeds
of such insurance for the purpose of repairing or restoring such leasehold
improvements. In the event of damage or destruction of the Building entitling
the Landlord to terminate this Lease pursuant to Section 18 hereof, then, if the
Leased Premises have also been damaged, Tenant will pay to Landlord all of its
insurance proceeds relating to the leasehold improvements in the Leased
Premises, and if the Leased Premises have not been damaged, Tenant will deliver
to Landlord, in accordance with the provisions of this Lease, the leasehold
improvements and the Leased Premises.

         18. DAMAGE OR DESTRUCTION

         A. Right to Terminate. In the event the Premises or the Building are
damaged by fire or other insured casualty, and the insurance proceeds have been
made available therefore by the holder or holders of any mortgages or deeds of
trust covering the Building, the damage shall be repaired by and at the expense
of Landlord to the extent of such insurance proceeds available therefore,
provided such repairs can, in Landlord's sole opinion be completed within one
hundred twenty (120) days after the occurrence of such damage, without the
payment of overtime or other premiums. Until such repairs are completed, the
Rent shall be abated in proportion to the part of the Premises which is unusable
by Tenant in the conduct of its business provided, however, if the damage is due
to the fault or neglect of Tenant or its employees, agents, or invitees, there
shall be no abatement of Rent. If repairs cannot, in Landlord's sole opinion, be
made within said one hundred twenty (120) day period, Landlord shall notify
Tenant within twenty-five (25) days of the date of occurrence of such damage as
to whether or not Landlord shall have elected to make such repairs. If Landlord
elects not to make such repairs which cannot be completed within one hundred
twenty (120) days, then either party may, by written notice to the other, cancel
this Lease as of the date of the occurrence of such damage. Except as provided
in this Section 18, there shall be no abatement of Rent and no liability of
Landlord by reason of temporary limitation or access or any injury,
inconvenience, interference to or with Tenant's business or property arising
from the making of any necessary repairs, or any alterations or improvements in
or to any portion of the Building or the Premises, or in or to fixtures,
appurtenances, and equipment therein necessitated by such damage. Tenant
understands that Landlord will not carry insurance of any kind on Tenant's
furniture and furnishings or on any fixtures or equipment removable by Tenant
under the provisions of this Lease, and that Landlord shall not be required to
repair any injury or damage caused by fire or other cause, or to make any
repairs or replacements to or of improvements installed in the Premises by or
for Tenant at Tenant's cost.

         B. Landlord's Insurance. Landlord covenants and agrees that, throughout
the Term hereof, it will insure the Building (excluding foundations, excavations
and other non-insurable items) and the machinery, boilers, and equipment
contained therein owned by Landlord (excluding any property with respect to
which Tenant is obliged to insure pursuant to the provisions of Section 17
hereof) against damage by fire and extended perils coverage with coverage
written on a comprehensive basis with limits not less than $1,000,000 and such
higher limits as Landlord may determine from time to time. Landlord will also,
through the Term, carry public liability and property damage insurance with
respect to the operation of the Building with coverage written on a
comprehensive basis with limits not less than $1,000,000 and such higher limits
as Landlord may determine from time to time. Landlord may, but shall not

                                       19

be obligated to, take out and carry any other form or forms of insurance as it
or the mortgagees of Landlord may reasonably determine to be advisable.
Notwithstanding any contribution by Tenant to the cost of insurance premiums, as
provided herein, Tenant acknowledges that it has no right to receive any
proceeds from any such insurance policies carried by Landlord, and that such
insurance will be for the sole benefit of Landlord, with no coverage for Tenant
for any risk insured against.

         19. ENTRY BY LANDLORD

         Landlord and its agents shall have the right to enter the Premises at
all reasonable times for the purpose of examining or inspecting the same, to
supply janitorial services and any other services to be provided by Landlord to
Tenant hereunder, to show same to prospective purchasers or tenants of the
Building, and to make such alterations, repairs, improvements, or additions,
whether structural or otherwise, to the Premises or the Building as Landlord may
deem necessary or desirable. Landlord may enter by means of a master key,
without liability to Tenant except for any failure to exercise due care for
Tenant's property and without affecting this Lease. Landlord shall use
reasonable efforts on any such entry not to unreasonably interrupt or interfere
with Tenant's use and occupancy of the Premises.

         20. DEFAULT BY TENANT

         A. Events of Default. Each one of the following events is herein
referred to as an "event of default:"

         (1) Tenant shall fail to make due and punctual payment of Rent or any
other amounts payable hereunder, and such failure shall continue for five (5)
days after receipt of written notice from Landlord; provided, however, Tenant
shall not be entitled to more than two (2) notices of a delinquency in payment
during any calendar year and if thereafter during such calendar year any Rent or
other amounts owing hereunder are not paid when due, a default shall be
considered to have occurred even though no notice thereof is given;

         (2) [intentionally deleted];

         (3) This Lease or the estate of Tenant hereunder shall be transferred
to or shall pass to or dissolve upon any other person or party except in the
manner set forth in Section 14;

         (4) This Lease or the Premises or any part thereof shall be taken upon
execution or by other process of law directed against Tenant, or shall be taken
upon or subject to any attachment at the instance of any creditor of or claimant
against Tenant, and said attachment shall not be discharged or disposed of
within fifteen (15) days after the levy thereof;

         (5) The filing of any petition or the commencement of any case or
proceeding by the Tenant under any provision or chapter of the Federal
Bankruptcy Act, the Federal Bankruptcy Code or any other federal or state law
relating to insolvency, bankruptcy or reorganization; or the adjudication that
the Tenant is insolvent or bankrupt, or the entry of an order for relief under
the Federal Bankruptcy Code with respect to Tenant;

         (6) The filing of any petition or the commencement of any case or
proceeding described in Subsection 5 above against the Tenant, unless such
petition and all proceedings initiated thereby are dismissed within sixty (60)

                                       20

days from the date of such filing; the filing of an answer by Tenant admitting
the allegations of any such petition; or the appointment of or taking possession
by a custodian, trustee or receiver for all or any assets of the Tenant, unless
such appointment is vacated or dismissed within sixty (60) days from the date of
such appointment or taking of such possession;

         (7) The insolvency of the Tenant or the execution by the Tenant of an
assignment for the benefit of creditors; or the convening by Tenant of a meeting
of its creditors, or any class thereof, for the purposes of effecting a
moratorium upon or extension or composition of its debts; or the failure of the
Tenant to generally pay its debts as they mature;

         (8) The admission in writing by the Tenant or any partner of Tenant if
Tenant is a partnership of the inability to pay debts as they mature;

         (9) Tenant shall fail to take possession of the Premises fifteen (15)
days following the earlier of the date the Premises are Ready for Occupancy or
the Commencement Date; or

         (10) Tenant shall fail to perform any of the other agreements, terms,
covenants or conditions hereof on Tenant's part to be performed, and such
non-performance shall continue for a period of fifteen (15) days after written
notice thereof by Landlord to Tenant, or if such performance cannot be
reasonably had within such fifteen (15) days period, Tenant shall not in good
faith have commenced such performance within such fifteen (15) day period and
shall not thereafter diligently proceed to completion.

         B. Remedies of Landlord. If any one or more events of default shall
happen, the Landlord shall have the right at Landlord's election, in accordance
with Colorado law, then or at any time thereafter either:

         (l)(a) Without demand or notice, to reenter and take possession of the
Premises or any part thereof and repossess the same as Landlord's former estate
and expel Tenant and those claiming through or under Tenant, and remove the
effects of both or either, without being deemed guilty of any manner of
trespass, and without prejudice to any remedies for arrears of rent or breach of
covenants or prior conditions. Should Landlord elect to reenter as provided in
this Subsection (1), or should Landlord take possession pursuant to legal
proceedings or pursuant to any notice provided for by law, Landlord may, from
time to time, without terminating this Lease, relet the Premises or any part
thereof, either alone or in conjunction with other portions of the Building of
which the Premises are a part, in Landlord's or Tenant's name, but for the
account of Tenant, for such term or terms (which may be greater or less than the
period which would otherwise have constituted the balance of the term of this
Lease) and on such conditions and upon such other terms (which may include
concessions of free rent and alteration and repair of the Premises) as Landlord,
in its sole discretion, may determine, and Landlord may collect and receive the
rent therefore. Landlord shall use reasonable efforts to relet the Premises
after all other space available for leasing in the Building has been let, but,
Landlord shall not have any duty to lease the Premises below the then current
market rental rates being obtained for competing office buildings in downtown
Denver, Colorado and shall in no way be responsible or liable for any failure to
relet the Premises, or any part thereof or for any failure to collect any rent
due upon such reletting. No such reentry or taking possession of the Premises by
Landlord shall be construed as an election on Landlord's part to terminate this
Lease unless a written notice of such intention be given to Tenant. No notice
from Landlord hereunder or under a forcible entry and unlawful

                                       21

detainer statute or similar law shall constitute an election by Landlord to
terminate this Lease unless such notice specifically so states. Landlord
reserves the right following any such reentry and/or reletting to exercise its
right to terminate this Lease by giving Tenant such written notice, in which
event the Lease will terminate as specified in said notice.

         (b) If Landlord elects to take possession of the Premises as provided
in this Subsection (1) without terminating the Lease, Tenant shall pay to
Landlord (i) the Rent and other sums as herein provided, which would be payable
thereunder if such repossession had not occurred, less (ii) the net proceeds, if
any, of any reletting of the Premises after deducting all Landlord's expenses in
connection with such reletting, including, but without limitation, all
repossession costs, brokerage commissions, legal expenses, attorneys' fees,
expenses of employees, alteration, remodeling and repair costs and expenses of
preparation for such reletting. It in connection with any reletting, the new
lease term extends beyond the existing term, or the premises covered thereby
include other premises not part of the Premises, a fair apportionment of the
rent received from such reletting and the expenses incurred in connection
therewith as provided aforesaid will be made in determining the net proceeds
received from such reletting. In addition, in determining the net proceeds from
such reletting, any rent concessions will be apportioned over the term of the
new lease. Tenant shall pay such amounts to Landlord monthly on the days on
which the Rent and all other amounts owing hereunder would have been payable if
possession had not been retaken and Landlord shall be entitled to receive the
same from Tenant on each such day; or

         (2) To give Tenant written notice of intention to terminate this Lease
on the date of such given notice, or on any later date specified therein, and on
the date specified in such notice, Tenant's right to possession of the Premises
shall cease and the Lease shall hereupon be terminated, except as to Tenant's
liability hereunder as hereinafter provided, as if the expiration of the term
fixed in such notice were the end of the term herein originally demised. In the
event this Lease is terminated pursuant to the provisions of this Subsection
(2), Tenant shall remain liable to Landlord for damages in an amount equal to
the Rent and other sums which would have been owing by Tenant hereunder for the
balance of the Term had this Lease not been terminated, less the net proceeds,
if any, of any reletting of the Premises by Landlord subsequent to such
termination, after deducting all Landlord's expense in connection with such
reletting, including, but without limitation, the expenses enumerated in
Subsection (1)(b) above. Landlord shall be entitled to collect such damages from
Tenant monthly on the days on which the Rent and other amounts would have been
payable hereunder if this Lease had not been terminated, and Landlord shall be
entitled to receive the same from Tenant on each such day, Alternatively, at the
option of Landlord, in the event this Lease is terminated, Landlord shall be
entitled to recover forthwith against Tenant as damages for loss of the bargain
and not as a penalty, an amount equal to the worth at the time of termination of
the excess, if any, of the amount of Rent reserved in this Lease for the balance
of the Term hereof over the then reasonable rental value of the Premises for the
same period plus all amounts incurred by Landlord in order to obtain possession
of the Premises and relet the same, including attorneys' fees, reletting
expenses, alterations and repair costs, brokerage commissions and all other like
amounts. It is agreed that the "reasonable rental value" shall be the amount of
rental which Landlord is able to obtain as rent for the remaining balance of the
term.

         (3) In addition to Landlord's rights set forth in Subsections (1) and
(2) above, if Tenant fails to pay its Rent and all other amounts owing

                                       22

hereunder within the time period set forth in Section 20 A(l) above more than
two (2) times during any calendar year during the Primary Lease Term, or any
extension thereof, then upon the occurrence of the third or any subsequent
default in the payment of monies during said calendar year, Landlord at its sole
option, shall have the right to require that Tenant, as a condition precedent to
curing such default, pay to Landlord, in cash or its equivalent, in advance, the
Base Rent and Landlord's estimate of all other amounts which will become due and
owing hereunder by Tenant for a period of six (6) months. All such amounts shall
be paid by Tenant within thirty (30) days after notice from Landlord demanding
the same. All monies so paid shall be retained by Landlord, without interest,
for the balance of the Primary Lease Term and any extension thereof, and shall
be applied by Landlord to the last due amounts owing hereunder by Tenant. If,
however, Landlord's estimate of the Rent and other amounts for which Tenant is
responsible hereunder are inaccurate, when such error is discovered Landlord
shall pay to Tenant, or Tenant shall pay to Landlord, within thirty (30) days
after written notice thereof the excess or deficiency, as the case may be, which
is required to reconcile the amount on deposit with Landlord with the actual
amounts for which tenant is responsible.

         C. Cumulative Remedies. Suit or suits for the recovery of the Rent and
other amounts and damages set forth herein above may be brought by Landlord,
from time to time, & Landlord's election, and nothing herein shall be deemed to
require Landlord to await the date whereon this Lease or the Term hereof would
have expired by limitation had there been no such default by Tenant, or no such
termination, as the case may be. Each right and remedy provided for in this
Lease shall be cumulative and shall be in addition to every other right or
remedy provided for in this Lease or now or hereafter existing at law or in
equity or by statute or otherwise including but not limited to suits for
injunctive relief and specific performance. The exercise or beginning of the
exercise by Landlord of any one or more of the rights or remedies provided for
in this Lease or now or hereafter existing at law or in equity or by statute or
otherwise shall not preclude the simultaneous or later exercise by Landlord of
any one or more of the rights or remedies provided for in this Lease or now or
hereafter existing at law or in equity or by statute or otherwise. All such
rights and remedies shall be considered cumulative and nonexclusive. All costs
incurred by Landlord in connection with collecting any Rent or other amounts and
damages owing by Tenant pursuant to the provisions of this Lease, or to enforce
any provision of this Lease, including reasonable attorneys' fees from the date
such matter is turned over to an attorney, whether or not one or more actions
are commenced by Landlord, shall also be recoverable by Landlord from Tenant.

         D. No Waiver. No failure by Landlord to insist upon the strict
performance of any agreement, term, covenant or condition hereof or to exercise
any right or remedy consequent upon a breach thereof, and no acceptance of full
or partial payment of Rent during the continuance of any such breach, shall
constitute a waiver of any such breach or of such agreement, term, covenant or
condition. No agreement, term, covenant or condition hereof to be performed or
complied with by Tenant, and no breach thereof, shall be waived, altered or
modified except by written instrument executed by Landlord. No waiver of any
breach shall affect or alter this Lease, but each and every agreement, term,
covenant and condition hereof shall continue in full force and effect with
respect to any other then existing or subsequent breach thereof Notwithstanding
any termination of this Lease, the same shall continue in force and effect as to
any provisions which require observance or performance by Landlord or Tenant
subsequent to such termination.

                                       23

         E. Bankruptcy. Nothing contained in this Section 20 shall limit or
prejudice the right of Landlord to prove and obtain as liquidated damages in any
bankruptcy, insolvency, receivership, reorganization or dissolution proceeding,
an amount equal to the maximum allowed by any statute or rule of law governing
such a proceeding and in effect at the time when such damages are to be proved,
whether or not such amount be greater, equal to or less than the amounts
recoverable, either as damages Rent, referred to in any of the preceding
provisions of this Section. Notwithstanding anything contained in this Section
to the contrary, any such proceeding or action involving bankruptcy, insolvency,
reorganization, arrangement assignment for the benefit of creditors, or
appointment of a receiver or trustee, as set forth above, shall be considered to
be an event of default only when such proceeding, action or remedy shall be
taken or brought by or against the then holder of the ]leasehold estate under
this Lease.

         F. Interest on Landlords Advances. Any amounts paid by Landlord to cure
any defaults of Tenant hereunder, which Landlord shall have the right, but not
the obligation, to do, shall, if not repaid by Tenant within five (5) days of
demand by Landlord, thereafter bear interest at the rate of five percent (5%)
over the then Prime Rate but not less than twenty-four percent (24%) per annum,
until paid.

         21. TAXES

         During the Term hereof, Tenant shall pay, prior to delinquency, all
business and other taxes, charges, notes, duties and assessments levied, and
rates or fees imposed, charged, or assessed against or in respect of Tenant's
occupancy of the Leased Premises or in respect of the personal property trade
fixtures, furnishings, equipment, and all other personal property of Tenant
contained in the Premises, and shall hold Landlord harmless from and against all
payment of such taxes, charges, notes, duties, assessments, rates, and fees, and
against all loss, costs, charges, and expenses occasioned by or arising from any
and all such taxes, charges, notes, duties, assessments, rates, and fees, and
any and all such taxes. Tenant shall cause said fixtures, furnishing, equipment
and other personal property to be assessed and billed separately from the real
and personal property of Landlord. In the event any or all of Tenant's fixtures,
furnishings, equipment, and other personal property shall be assessed and taxed
with Landlord's real property, Tenant shall pay to Landlord Tenant's share of
such taxes within ten (10) days after delivery to Tenant by Landlord of a
statement in writing setting forth the amount of such taxes applicable to
Tenant's property.

         23. EMINENT DOMAIN

         If the Building, or a substantial part thereof, or a substantial part
of the Premises, shall be lawfully taken or condemned (or conveyed under threat
of such taking or condemnation) for any public or quasi-public use or purpose,
the Term of this Lease shall end upon, and not before, the date of the taking of
possession by the condemning authority, and without apportionment of the award.
Tenant hereby assigns to Landlord Tenant's interest, if any, in such award.
Current Rent shall be apportioned as of the date of such termination. If any
part of the Building, other than the Premises or not constituting a substantial
part of the Premises, shall be so taken or condemned (or conveyed under threat
of such taking or condemnation), or if the grade of any street adjacent to the
Building is changed by any competent authority and such taking or change of
grade makes it necessary or desirable to substantially remodel or restore the
Building, Landlord shall have the right to cancel this

                                       24

Lease upon not less than ninety (90) days' notice prior to the date of
cancellation designated in the notice. No money or other consideration shall be
payable by Landlord to Tenant for the right of cancellation, and Tenant shall
have no right to share in any condemnation award, or in any judgment for
damages, or in any proceeds of any sale made under any threat of condemnation or
taking. In the event this Lease is not canceled, the Lease shall continue in
full force and effect, without abatement or reduction of rental due hereunder.
Notwithstanding the above, Tenant shall have the right to make a separate claim
for any moving or relocation expenses associated with any eminent domain
proceedings relating to the Premises.

         24. SUBORDINATION TO MORTGAGES, DEEDS OF TRUST, AND GROUND LEASE

         A. Lease Subordinate to Mortgages. This Lease and the rights of Tenant
hereunder shall be and are hereby made subject and subordinate to the lien of
any mortgages or deeds of trust now or hereafter existing against the Building,
the Property or both, and to all renewals, modifications, consolidations,
replacements and extensions thereof and to all advances made, or hereafter to be
made, upon the security thereof. Although such subordination shall be self
operating, Tenant, or its successors in interest shall, upon Landlord's request,
execute and deliver upon the demand of Landlord any and all instruments desired
by Landlord, subordinating, in the manner reasonably requested by Landlord, this
Lease to any such mortgage or deed of trust. Landlord is hereby irrevocably
appointed and authorized as agent and attorney-in-fact of Tenant to execute all
such subordination instruments in the event Tenant fails to execute said
instruments within five (5) days after notice from Landlord demanding the
execution thereof. Said notice may be given in the manner hereinafter provided
for giving notice.

         Should any mortgage or deed of trust affecting the Building, the
Property, or both be foreclosed, then: (i) the liability of the mortgagee,
beneficiary or purchaser at such foreclosure sale shall exist only so long as
such mortgagee beneficiary, or purchaser is the owner of the Building and/or
Property and such liability shall not continue or survive after further transfer
of ownership; and (ii) Tenant shall be deemed to have attorned, as Tenant under
this Lease, to the purchaser at any foreclosure sale thereunder, and this Lease
shall continue in force and effect as a direct lease between and binding upon
Tenant and such purchaser at any foreclosure sale. As used in this Section 24,
"mortgagee" and "beneficiary" shall include successors and assigns of any such
party, whether immediate or remote, the purchaser of any mortgage or deed of
trust, whether at foreclosure or otherwise, and the successors, assigns and
mortgagees and beneficiaries of such purchaser, whether immediate or remote.
Notwithstanding the above, if Tenant is not in default under the terms and
conditions of this Lease, the mortgagee or any person taking the Building
hereunder shall not disturb the tenancy of Tenant.

         B. Ground Lease. By reason of that certain underlying lease of October
1,1992, by and between Lee G. Tipton and Margaret B. Tipton and the A.H. Root
Building Limited Liability Company, a Colorado limited liability company, notice
of such underlying leases provided hereby and in the public records for the City
and County of Denver, Colorado (such underlying leases hereinafter referred to
as the "Ground Lease"), this Lease is a sublease agreement and this Lease, and
therefore the rights of Tenant hereunder, shall be and are hereby made subject
and subordinate to the Ground Lease and all replacements and extensions thereof.
Although the provisions of this Subsection B shall be self operating, Tenant, or
its successors in interest, shall upon Landlord's request, execute and deliver
any and all instruments reasonably desired by Prime

                                       25

Landlord, acknowledging, in the manner reasonably requested by Prime Landlord,
this Lease as a sublease. Landlord is hereby irrevocably appointed and
authorized as agent and attorney-in-fact of Tenant to execute such instruments
required by Prime Landlord in the event Tenant fails to execute said instruments
within five (5) days after thereof. Said notice from Landlord demanding the
execution notice may be given in the manner hereinafter provided for giving
notice. As of the date of this Lease, Landlord represents and warrants that
Landlord is not in default of any of the terms and conditions of the Ground
Lease and that the terms and conditions of this Lease will not violate any terms
or conditions of the Ground Lease.

         Should the Ground Lease be terminated for reasons other that
condemnation, fire or other damage, and this sublease is then in existence
without default on the part of Tenant, then Tenant agrees to attorn to the Prime
Landlord as Landlord herein and if Prime Landlord accepts such attornment by
Tenant then this Lease, from and after such attornment and acceptance, shall
continue in force and effect as a direct lease between and binding upon Tenant
and such Prime Landlord, except that Prime Landlord shall not be (i) liable for
any act or omission of Landlord; (ii) subject to any offsets or defenses which
Tenant might have against Landlord, or (iii) bound by any rent or additional
rent which Tenant may have paid to Landlord more than one (1) month in advance.

         Should Landlord, during the term of this Lease, acquire the Prime
Landlord's fee interest in the Property demised by the Ground Lease, being the
land described in Appendix B hereto, then notwithstanding the fact that Landlord
holds both a fee and leasehold estate, this Lease shall continue in full force
as a direct lease between Landlord and Tenant and Tenant, at the time of
Landlord's acquisition of the Prime Landlord's interest and estate, shall be
deemed to have attorned to Landlord and Landlord shall be deemed to have
accepted such attornment by Tenant, under each of the terms, covenants and
conditions set forth in this Lease.

         Landlord, at the request of Tenant, agrees to request the Prime
Landlord to enter into a Non-Disturbance Agreement with Tenant, in a form
acceptable to Prime Landlord, providing that Tenant's right to the continued use
and possession of the Leased Premises shall be under the same terms and
conditions as set forth in this Lease notwithstanding termination of the Ground
Lease for default on the part of Landlord provided that at such time Tenant is
not in default of its obligations herein and that Tenant attorn to Prime
Landlord and thereafter keep and perform the terms and conditions of this Lease.

         C. Tenant's Notice. In the event of any act or omission by Landlord
under this Lease which would give Tenant the right to terminate this Lease or to
claim a partial or total eviction, Tenant will not exercise any such right
until:

         (a) it has given written notice (by United States certified or
registered mail, postage prepaid) of such act or omission to the holder of any
mortgage or deed of trust on the Property and to the Prime Landlord of the
Ground Lease of the Property (whose names and addresses Landlord agrees will be
furnished to Tenant on request); and

         (b) any such holder of any mortgage or deed of trust on the Property,
or Prime Landlord of the Property, shall, following the giving of such notice,
have failed with reasonable diligence to commence and to pursue reasonable
action to remedy such act or omission.

                                       26

         25. WAIVER

         The waiver by Landlord of any breach of any term, covenant, or
condition herein contained shall not be deemed to be a waiver of such term,
covenants or condition, or any subsequent breach of the same or any other term,
covenant, or condition herein contained. The acceptance of Rent hereunder shall
not be construed to be a waiver of any breach by Tenant of any term, covenant,
or condition of this Lease, it being understood and agreed that the remedies
herein given to Landlord shall be cumulative, and the exercise of any one remedy
by Landlord shall not be to the exclusion of any other remedy.

         26. INABILITY TO PERFORM

         This Lease and the obligation of Tenant to pay Rent hereunder and to
perform all of the other covenants and agreements hereunder on the part of
Tenant to be performed shall not be affected, impaired, or excused, nor shall
Landlord at any time be deemed to be in default hereunder because Landlord: (i)
is unable to fulfill any of its obligations under this Lease; or (ii) is unable
to supply or is delayed in supplying any service expressly or by implication to
be supplied; or (iii) is unable to make or is delayed in supplying any equipment
or fixtures, if Landlord is prevented or delayed from so doing any of the
foregoing by reason of accident, breakage, repairs, strike or labor troubles, or
any outside cause whatsoever beyond the reasonable control of Landlord,
including, but not limited to, riots and civil disturbances, energy shortages,
or governmental preemption in connection with a national emergency, or by reason
of any rule, order, or regulation of any department or subdivision thereof of
any government agency, or by reason of the conditions of supply and demand which
have been or are affected by war or other emergency, or by reason of any other
cause, similar or dissimilar, beyond the reasonable control of Landlord.

         27. SUBROGATION

         The parties hereto agree that any and all fire, extended coverage,
and/or property damage insurance which is required to be carried by either shall
be endorsed with a subrogation clause, substantially as follows: "This insurance
shall not be invalidated should the insured waive, in writing, prior to a loss,
any and all right of recovery against any party for loss occurring to the
property described herein"; and each party hereto waives all claims for recovery
from the other party, its' officers, agents or employees for any loss or damage
(whether or not such loss or damage is caused by negligence of the other party,
and, not withstanding any provisions contained in this Lease to the contrary) to
any of its real or personal property insured under valid and collectible
insurance policies to the extent of the collectible recovery under such
insurance.

         28. PLATS AND RIDERS

         Appendices, clauses, plats, and riders, if any, referred to herein and
signed or initialed by Landlord and Tenant and affixed to this Lease are hereby
incorporated herein and made a part hereof.

         29. SALE BY LANDLORD

         In the event of a sale or conveyance or transfer by Landlord or its
interest in the Property and/or in the Building containing the Premises, and/or
in this Lease, the same shall operate to release Landlord (subject to the

                                       27

second paragraph of Section 34 hereof) from any future liability upon any of the
covenants or conditions, expressed or implied, herein contained in favor of
Tenant, and in such event, Tenant agrees to look solely to the responsibility of
the successor in interest of Landlord in and to this Lease for matters which
occur after the date of the sale. This Lease shall not be affected by any such
sale, conveyance, or transfer, and Tenant agrees to attorn to such purchaser or
transferee.

         30. RIGHT OF LANDLORD TO PERFORM

         All covenants and agreements to be performed by Tenant under any of the
terms of this Lease shall be performed by Tenant at Tenant's sole cost and
expense, and without any abatement of Rent. If Tenant shall fail to pay any sum
of money, other than Rent, required to be paid by it hereunder, or shall fail to
perform any other act on its part to be performed hereunder, and such failure
shall continue for fifteen (15) days after written notice thereof by Landlord,
Landlord may, but shall not be obligated to do so, and without waiving or
releasing Tenant from any obligations of Tenant, make any such payment or
perform any such other act on Tenant's part to be made or performed as in this
Lease provided. All sums so paid by Landlord and all necessary incidental costs,
together with interest thereon at the rate of five (5%) percent over the Prime
Rate in effect from the date of such payment by Landlord, or twenty-four (24%)
percent, whichever is greater, shall be payable to Landlord on demand, and
Tenant covenants to pay any such sums, and Landlord shall have (in addition to
any other right or remedy of Landlord) the same rights and remedies in the event
of the non-payment thereof by Tenant, as in the case of default by Tenant in the
payment of Rent.

         31. ATTORNEY'S FEES

         In the event of any litigation or arbitration between Tenant and
Landlord to enforce any provision of this Lease or any right of either party
hereto, the unsuccessful party to such litigation or arbitration shall pay to
the successful party all costs and expenses, including reasonable attorneys'
fees, incurred therein. Moreover, if Landlord, without fault, is made a party to
any litigation instituted by or against Tenant, Tenant shall indemnify Landlord
against, and protect, defend, and save it harmless from, all costs and expenses,
including attorneys' fees, incurred by Landlord in connection therewith.

         32. ESTOPPEL CERTIFICATE

         Tenant shall, at any time and from time to time, upon not less than ten
(10) days' prior written notice from Landlord, execute, acknowledge, and deliver
to Landlord a statement in writing certifying that this Lease is unmodified and
in full force and effect (or if modified, stating the nature of such
modification and certifying that this Lease, as so modified, is in full force
and effect) and the dates to which the Rent and other charges are paid, and
acknowledging that Tenant is paying Rent on a current basis with no offsets or
claims, and there are not, to Tenant's knowledge, any uncured defaults on the
part of Landlord hereunder (or specifying such offsets, claim, or defaults, if
any are claimed). It is expressly understood and agreed that any such statement
may be relied upon by any prospective purchaser or encumbrancer of all or any
portion of the Building Complex or by any other person to whom it is delivered.
Tenant's failure to deliver such statement within such time shall be conclusive
upon Tenant that this Lease is in full force and effect, without modification
except as may be represented by Landlord, that there are no uncured defaults in

                                       28

Landlord's performance, and that not more than two (2) months' rental has been
paid in advance.

         33. NOTICE

         Any notice from Landlord to Tenant or from Tenant to Landlord shall be
in writing and may be served personally or by mail. If served by mail, it shall
be mailed by registered or certified mail, return receipt requested, addressed
to Tenant at the Premises or to Landlord at the place from time to time
established for the payment of Rent. Notices served in person shall be served in
the same manner as required for personal service under the Colorado Rules of
Civil Procedure.

         34. SECURITY DEPOSIT

         Tenant has deposited with Landlord the sum of Eight Thousand Four
Hundred Eighty One and 67/l00ths ($8,481.67) as security for the full and
faithful performance of every provision of this Lease to be performed by Tenant.
If Tenant defaults with respect to any provision of this Lease, including, but
not limited to, the provisions relating to the payment of Rent, Landlord may
use, apply, or retain all or any part of this security deposit for the payment
of any Rent and any other sum in default, for the payment of any other amount
which Landlord may spend or become obligated to spend by reason of Tenant's
default, or to compensate Landlord for any other loss or damage which Landlord
may suffer by reason of Tenant's default. If any portion of such deposit is to
be used or applied, Tenant shall within fifteen (15) days after written demand
therefore, deposit cash with Landlord in an amount sufficient to restore the
security deposit to its original amount, and Tenant's failure to do so shall be
a material breach of this Lease. Landlord shall not be required to keep this
security deposit separate from its general funds, and Tenant shall not be
entitled to interest on such deposit. If Tenant shall fully and faithfully
perform every provision of this Lease to be performed by it, the security
deposit or any balance thereof shall be returned to Tenant (or, at Landlord's
option, to the last assignee of Tenant's interest hereunder) within fifteen (15)
days after the expiration of this Lease Term and after Tenant's vacation of the
Premises.

         Tenant acknowledges that Landlord has the right to transfer its
interest in the Building Complex, the Property, the Building and this Lease, and
Tenant agrees that in the event of any such transfer, Landlord shall have the
right to transfer such security deposit to the transferee. Upon Landlord's
delivery to Tenant of such transferee's written acknowledgment of its receipt of
such security deposit, Landlord shall thereby be released by Tenant from all
liability or obligation for the return of such deposit, and Tenant agrees to
look solely to such transferee for the return of the security deposit.

         Tenant shall place with the Landlord an additional security deposit of
Fifteen Thousand and no/100ths ($15,000.00), which shall be held by the Landlord
in a separate, interest bearing account as security against any default under
the lease. All interest and principal, minus any bank charges incurred, shall be
returned to the Tenant upon the faithful, full performance of this lease.

         35. RIGHTS RESERVED

         Landlord reserves the following rights, exercisable without notice and
without liability to Tenant for damage or injury to property, person, or

                                       29

business, and without effecting an eviction, constructive or actual, or
disturbance of Tenant's use or possession, or giving rise to any claim for set
off or abatement of rent:

         (a) To change the Building's name or street address; however, Landlord
shall pay any actual costs incurred by Tenant in so doing;

         (b) To install, affix, and maintain any and all signs on the exterior
and interior of the Building;

         (c) To designate and approve, prior to installation, all types of
window shades, blinds, drapes, awnings, window ventilators, and other similar
equipment, and to control all internal lighting that may be visible from the
exterior of the Building;

         (d) To retain at all times, and to use in appropriate instances, keys
to all doors within and into the Premises. No locks or bolts shall be altered,
changed, or added without the prior written consent of Landlord;

         (e) To decorate or to make repairs, alterations, additions, or
improvements, whether structural or otherwise, in and about the Building, or any
part thereof, and for such purposes to enter upon the Premises, and during the
continuance of said work to temporarily close doors, entryways, public spaces,
and corridors in the Building, and to interrupt or temporarily suspend Building
services and facilities, Landlord to use reasonable efforts to minimize any
interruption or interference with Tenant's use or occupancy of the Premises when
performing such work;

         (f) To have and retain a paramount title to the Premises, free and
clear of any act of Tenant;

         (g) To grant to anyone the exclusive right to conduct any business or
to render any services in the Building; and

         (h) To approve the weight, size, and location of safes and other heavy
equipment and articles in and about the Premises and the Building, and to
require all such items and furniture to be moved into and out of the Building
and the Premises only at such times and in such manner as Landlord shall direct
in writing. Movement of Tenant's property into or out of the Building, and
within the Building, is entirely at the risk and responsibility of Tenant, and
Landlord reserves the right to require permits before allowing any such property
to be moved into or out of the Building.

         37. REAL ESTATE BROKER

         Tenant represents that, except for Buell and Company Inc., ("as
Tenant's broker") and Frederick Ross Company and Michael D. Plante,("as
Landlord's broker"), Tenant has not dealt directly with any broker in connection
with this Lease, and that insofar as Tenant knows, no broker negotiated or
participated in the negotiations of this Lease, or submitted or showed the
Premises, or is entitled to any commission in connection therewith. All
commissions due to the Broker shall be paid directly to the Broker by Tenant.
Tenant agrees to indemnify Landlord for any costs or expenses, including
reasonable attorneys' fees, incurred by Landlord for any claims by the Broker or
any other broker or agent for commissions or fees relating to this Lease.
Landlord agrees to indemnify Tenant for any claims by any Broker claiming

                                       30

through Landlord for commissions or fees relating to this Lease. Michael D.
Plante hereby discloses that he is a Colorado Licensed Real Estate Broker.

         38. MISCELLANEOUS PROVISIONS

         (a) The term "office" or "offices," whenever used in this Lease, shall
not be construed to mean or to permit the Premises to be used as a store or
stores, for the sale or display, at any time, of goods, wares, or merchandise of
any kind, or as a restaurant, shop, booth, stand, barbershop, or for other
similar purposes, or for manufacturing. The words "re-enter" or reentry," as
used in this Lease, are not restricted to their technical legal meaning. The
term "Landlord" as used in this Lease, means only the landlord from time to
time, and upon conveying or transferring its interest, Landlord shall be
relieved from any further obligation or liability pursuant to Section 29.

         (b) Time is of the essence of this Lease and of each and all of its
provisions.

         (c) Submission of this instrument for examination or signature by
Tenant does not constitute a reservation of or an option for lease, and it is
not effected as a lease or otherwise until execution by both Landlord and
Tenant.

         (d) The validity or unenforceability of any provision hereof shall not
affect or impair any other provisions.

         (e) This Lease shall be governed by and construed pursuant to the laws
of the State of Colorado.

         (f) Should any mortgagee or beneficiary under a deed of trust require a
modification of this Lease, which modification will not bring about any
increased cost or expense to Tenant or will in any other way substantially
change the rights and obligations of Tenant in Tenant's opinion hereunder, then
and in such event, Tenant agrees that this Lease may be so modified.

         (g) All rights and remedies of Landlord under this Lease, or those
which may be provided by law, may be exercised by Landlord in its own name
individually, or in its name by its agent, and all legal proceedings for the
enforcement of any such rights or remedies, including distress for rent,
unlawful detainer, and any other legal or equitable proceedings, may be
commenced and prosecuted to final judgment and be executed by Landlord in its
own name individually or in its name by its agent. Landlord and Tenant each
represent to the other that each has full power and authority to execute this
Lease and to make and perform the agreements herein contained, and Tenant
expressly stipulates that any rights or remedies available in Landlord, either
by the provisions of this Lease or otherwise, may be enforced by Landlord in its
own name individually or in its name by its agent or principal.

         (h) The marginal headings and titles to the paragraphs of this Lease
are not a part of this Lease and shall have no effect upon the construction or
interpretation of any part hereof.

         (i) Tenant acknowledges that there are no covenants, representations,
warranties, agreement, or conditions, expressed or implied, collateral or
otherwise, forming part of or in any way affecting or relating to this Lease
except as expressly set out in this Lease and the attachments hereto,

                                       31

and that the terms and provisions of this Lease may not be modified or amended,
except by written instrument signed by both Landlord and Tenant.

         (j) Tenant agrees that Tenant, Tenant's employees and agents or any
others permitted by Tenant to occupy or enter the Premises shall abide by the
rules and regulations contained in Appendix F. Landlord shall have the right to
amend, modify or change the rules and regulations provided that said amendments
are applicable to and uniformly bind each Tenant of the Building Complex. Tenant
agrees to comply with all such rules and regulations upon notice from Landlord
thereof. Landlord shall use its reasonable best efforts to uniformly enforce the
rules and regulations of the Building. A breach of any of such rules or
regulations shall be deemed a default under the Lease and Landlord shall have
all remedies as set forth in Section 20.

         39. SUCCESSORS AND ASSIGNS

         Subject to the terms and provisions of Section 29, the covenants and
conditions herein contained shall apply to and bind the respective heirs,
successors, executors, administrators, and assigns of the parties hereto, and
the terms "Landlord" and "Tenant" shall include the successors and assigns of
either such party, whether immediate or remote.

         40. OUIET ENJOYMENT

         Subject to the terms and provisions of Section 24, Landlord covenants
and agrees that Tenant, upon complying with all of the obligations of Tenant
hereunder, and subject to the terms and provisions hereof, shall peaceably and
quietly enjoy the Premises and Tenant's rights hereunder during the Term hereof.

         IN WITNESS WHEREOF, the Landlord and Tenant have executed this Lease
the day and year first above written

         TENANT:
         WINFIELD ALLEN, INCORPORATED

         BY: /s/ Chris Winfield
             ------------------
             Chris Winfield, President

         LANDLORD:

         A. H. ROOT LIMITED LIAIBLITY COMPANY

         BY: /s/ Michael D. Plante
             ---------------------
             Michael D. Plante/Managing Member

                                       32Exhibit 10.38

                          MASTER TRANSACTION AGREEMENT

                                  BY AND AMONG

                      INTEGRATED INFORMATION SYSTEMS, INC.

                                       AND

                             GOLIATH NETWORKS, INC.,

           MICHAEL S. POLSKY, AS RECEIVER FOR GOLIATH NETWORKS, INC.,

                                 MARK E. BAKKEN,

                                       AND

                                 ANCHORBANK, FSB

                             DATED DECEMBER 21, 2001

                                TABLE OF CONTENTS

                                                                                                                 PAGE

1.       DEFINITIONS................................................................................................1

         1.1      DEFINITIONS.......................................................................................1

2.       EMPLOYMENT MATTERS; OFFICE LEASES; ASSETS TO BE SOLD; CONSIDERATION; CLOSING; APPROVAL OF
         CREDITORS' ACTION..........................................................................................3

         2.1      EMPLOYMENT MATTERS................................................................................3

         2.2      OFFICE LEASES.....................................................................................4

         2.3      ASSETS TO BE SOLD.................................................................................4

         2.4      EXCLUDED ASSETS...................................................................................5

         2.5      CONSIDERATION.....................................................................................6

         2.6      LIABILITIES.......................................................................................7

         2.7      ALLOCATION........................................................................................9

         2.8      CLOSING...........................................................................................9

         2.9      CLOSING OBLIGATIONS...............................................................................9

         2.10     APPROVAL OF CHAPTER 128 CREDITORS' ACTION........................................................10

         2.11     CONSENT OF THIRD PARTIES.........................................................................11

3.       REPRESENTATIONS AND WARRANTIES OF BAKKEN, SHAREHOLDER, RECEIVER AND ANCHOR................................12

         3.1      ORGANIZATION AND GOOD STANDING...................................................................12

         3.2      ENFORCEABILITY; AUTHORITY; NO CONFLICT...........................................................12

         3.3      FINANCIAL STATEMENTS.............................................................................13

         3.4      BOOKS AND RECORDS................................................................................13

         3.5      TITLE TO ASSETS; ENCUMBRANCES....................................................................14

         3.6      CONDITION OF ASSETS..............................................................................14

         3.7      NO UNDISCLOSED LIABILITIES.......................................................................14

         3.8      TAXES............................................................................................14

         3.9      EMPLOYEE BENEFIT PLANS...........................................................................15

         3.10     LEGAL PROCEEDINGS; ORDERS........................................................................16

         3.11     BUSINESS CONDUCTED IN ORDINARY COURSE............................................................16

         3.12     CONTRACTS; NO DEFAULTS...........................................................................17

         3.13     EMPLOYEES........................................................................................17

         3.14     LABOR; COMPLIANCE................................................................................18

                                       i

                                TABLE OF CONTENTS
                                   (CONTINUED)

         3.15     INTELLECTUAL PROPERTY ASSETS.....................................................................18

         3.16     BROKERS OR FINDERS...............................................................................19

         3.17     CHAPTER 128 CREDITORS' ACTION....................................................................19

         3.18     OTHER INDEMNITY ARRANGEMENTS.....................................................................19

         3.19     SHAREHOLDER'S PERSONAL INDEBTEDNESS..............................................................20

         3.20     DISCLOSURE.......................................................................................20

         3.21     ANCHOR'S REPRESENTATIONS AND WARRANTIES..........................................................20

         3.22     RECEIVER'S REPRESENTATIONS AND WARRANTIES........................................................21

4.       REPRESENTATIONS AND WARRANTIES OF IIS.....................................................................21

         4.1      ORGANIZATION AND GOOD STANDING...................................................................21

         4.2      AUTHORITY; NO CONFLICT...........................................................................21

         4.3      BROKERS OR FINDERS...............................................................................21

         4.4      DISCLOSURE.......................................................................................22

         4.5      PLEDGED ASSETS...................................................................................22

         4.6      FINANCIAL REPORTS................................................................................22

5.       COVENANTS OF SELLER AND SHAREHOLDER.......................................................................22

         5.1      ACCESS AND INVESTIGATION.........................................................................22

         5.2      OPERATION OF THE BUSINESS OF SELLER..............................................................23

         5.3      REQUIRED APPROVALS...............................................................................23

         5.4      FILINGS..........................................................................................23

6.       COVENANT NOT TO COMPETE...................................................................................23

7.       CONDITIONS PRECEDENT TO IIS'S OBLIGATION TO CLOSE.........................................................24

         7.1      ACCURACY OF REPRESENTATIONS; COVENANTS; DILIGENCE................................................24

         7.2      ADDITIONAL DOCUMENTS.............................................................................24

         7.3      NO PROCEEDINGS...................................................................................25

         7.4      NO CONFLICT......................................................................................25

8.       CONDITIONS PRECEDENT TO SELLER'S OBLIGATION TO CLOSE......................................................25

         8.1      ACCURACY OF REPRESENTATIONS; COVENANTS...........................................................25

         8.2      ADDITIONAL DOCUMENTS.............................................................................26

         8.3      NO INJUNCTION....................................................................................26

                                       ii

                                TABLE OF CONTENTS
                                   (CONTINUED)

9.       TERMINATION...............................................................................................26

         9.1      TERMINATION EVENTS...............................................................................26

         9.2      EFFECT OF TERMINATION............................................................................27

10.      ADDITIONAL COVENANTS AND AGREEMENTS.......................................................................27

         10.1     PAYMENT OF ALL TAXES RESULTING FROM SALE OF PURCHASED ASSETS BY SELLER...........................27

         10.2     PAYMENT OF LIABILITIES...........................................................................27

         10.3     ASSISTANCE IN PROCEEDINGS........................................................................27

         10.4     CUSTOMER AND OTHER BUSINESS RELATIONSHIPS; COOPERATION...........................................27

         10.5     SECURITIES FILINGS...............................................................................28

11.      INDEMNIFICATION; REMEDIES.................................................................................28

         11.1     SURVIVAL.........................................................................................28

         11.2     INDEMNIFICATION AND REIMBURSEMENT BY GNI AND SHAREHOLDER.........................................28

         11.3     INDEMNIFICATION AND REIMBURSEMENT BY IIS.........................................................29

         11.4     INDEMNIFICATION AND REIMBURSEMENT BY ANCHOR......................................................29

12.      GENERAL PROVISIONS........................................................................................30

         12.1     EXPENSES.........................................................................................30

         12.2     PUBLIC ANNOUNCEMENTS.............................................................................30

         12.3     NOTICES..........................................................................................30

         12.4     ARBITRATION......................................................................................32

         12.5     ENTIRE AGREEMENT AND MODIFICATION................................................................32

         12.6     ASSIGNMENTS, SUCCESSORS AND NO THIRD-PARTY RIGHTS................................................32

         12.7     GOVERNING LAW....................................................................................33

         12.8     EXECUTION OF AGREEMENT...........................................................................34

                                      iii

                          MASTER TRANSACTION AGREEMENT

         This Master Transaction Agreement ("Agreement") is by and among
Integrated Information Systems, Inc., a Delaware corporation ("IIS"), Goliath
Networks, Inc., a Wisconsin corporation ("GNI"), Michael S. Polsky as receiver
for GNI ("Receiver"), (the Receiver and GNI are collectively referred to herein
as "Seller"), Mark E. Bakken, a resident of Wisconsin ("Bakken" and, as the sole
shareholder of GNI, "Shareholder"), and AnchorBank, fsb ("Anchor"). The
effective date of this Agreement (the "Effective Date") shall be deemed to be
the date the Receiver executes this Agreement, as listed on the signature page
of this Agreement.

                                    RECITALS

         A.       GNI was engaged in the business of providing information
technology consulting services;

         B.       Michael S. Polsky is the receiver for GNI in a case under
Chapter 128 of the Wisconsin Statutes pending in the Wisconsin Circuit Court for
Dane County (the "Court"), Case No. 01 CV 3506 (the "Chapter 128 Creditors'
Action");

         C.       It is contemplated that the Purchased Assets will be sold,
transferred and conveyed, and the other transactions contemplated herein will be
consummated, pursuant to an order (the "Sale Order") of the Court under Chapter
128 of the Wisconsin Statutes;

         D.       IIS desires to employ substantially all of the employees of
Seller and to that end will pay to Seller certain amounts;

         E.       IIS desires to purchase from Seller and Seller desires to
sell, assign and convey to IIS the Purchased Assets, consisting primarily of
certain incidental fixed and other assets; and

         F.       The parties mutually desire that IIS make arrangements for IIS
to occupy the premises (or portion thereof) currently occupied by Seller at (i)
1966 South Stoughton Road, Madison , Wisconsin 53716, as more particularly set
forth in that certain Lease Agreement between GNI as tenant and Ross Menard as
landlord, dated as of March 5, 1997, and amendments thereto and (ii) Riverfront
Plaza Building, 1110 North Old World Third Street, Milwaukee, Wisconsin 53202,
as more particularly set forth in that certain Office Lease between GNI as
tenant and Riverfront Plaza Joint Venture as landlord, dated as of January 1,
2000, and amendments thereto (the "Office Leases").

         The parties agree as follows:

                                 1. DEFINITIONS

1.1      DEFINITIONS

         In addition to the terms defined throughout this Agreement, for
purposes of this Agreement, the following terms and variations thereof have the
meanings specified or referred to in this Section 1.1:

         "ENCUMBRANCE"--any charge, claim, community or other marital property
interest, condition, equitable interest, lien, option, pledge, security
interest, mortgage, right of way, easement, encroachment, servitude, right of
first option, right of first refusal or similar restriction, including any
restriction on use, voting (in the case of any security or equity interest),
transfer, receipt of income or exercise of any other attribute of ownership.

         "KNOWLEDGE"--an individual will be deemed to have Knowledge of a
particular fact or other matter if:

(a)      that individual is actually aware of that fact or matter; or

(b)      a prudent individual could be expected to discover or otherwise become
         aware of that fact or matter in the course of conducting a reasonably
         comprehensive investigation regarding the accuracy of any
         representation or warranty contained in this Agreement.

         "LEGAL REQUIREMENT"--any federal, state, local, municipal, foreign,
international, multinational or other constitution, law, ordinance, principle of
common law, code, regulation, statute or treaty.

         "LIABILITY"--with respect to any Person, any liability or obligation of
such Person of any kind, character or description, whether known or unknown,
absolute or contingent, accrued or unaccrued, disputed or undisputed, liquidated
or unliquidated, secured or unsecured, joint or several, due or to become due,
vested or unvested, executory, determined, determinable or otherwise, and
whether or not the same is required to be accrued on the financial statements of
such Person.

         "ORDER"--any order, injunction, judgment, decree, ruling, assessment or
arbitration award of any governmental authority or arbitrator.

         "PERSON"--an individual, partnership, corporation, business trust,
limited liability company, limited liability partnership, joint stock company,
trust, unincorporated association, joint venture or other entity or a
governmental body.

         "PROCEEDING"--any action, arbitration, audit, hearing, investigation,
proceeding, litigation or suit (whether civil, criminal, administrative,
judicial or investigative, whether formal or informal, whether public or
private) commenced, brought, conducted or heard by or before, or otherwise
involving, any governmental body or arbitrator.

         "TAX"--any income, gross receipts, license, payroll, employment,
excise, severance, stamp, occupation, premium, property, environmental, windfall
profit, customs, vehicle, airplane, boat, vessel or other title or registration,
capital stock, franchise, employees' income withholding, foreign or domestic
withholding, social security, unemployment, disability, real property, personal
property, sales, use, transfer, value added, alternative, add-on minimum and
other tax, fee, assessment, levy, tariff, charge or duty of any kind whatsoever
and any interest, penalty, addition or additional amount thereon imposed,
assessed or collected by or under the authority of any governmental body or
payable under any tax-sharing agreement or any other contract.

                                       2

         "TAX RETURN"--any return (including any information return), report,
statement, schedule, notice, form, declaration, claim for refund or other
document or information filed with or submitted to, or required to be filed with
or submitted to, any governmental body in connection with the determination,
assessment, collection or payment of any Tax or in connection with the
administration, implementation or enforcement of or compliance with any Legal
Requirement relating to any Tax.

2.       EMPLOYMENT MATTERS; OFFICE LEASES; ASSETS TO BE SOLD; CONSIDERATION;
         CLOSING; APPROVAL OF CREDITORS' ACTION

2.1      EMPLOYMENT MATTERS

(a)      IIS has made, with the consent and approval of Seller, employment
         offers to substantially all of the employees of Seller (the "Hired
         Employees"). The effective start date for the Hired Employees hired
         will be deemed to be the Closing Date (as defined in Section 2.8). IIS
         will pay such Hired Employees at base compensation rates agreed to by
         IIS and such Hired Employees. The terms and conditions of employment
         of all Hired Employees will be mutually agreed upon by IIS and such
         Hired Employees in each case. The Hired Employees shall have resigned
         from employment with Seller and or its subsidiaries and resigned from
         any other officer and director positions with Seller and its
         subsidiaries, effective as of the Closing Date, and Seller will accept
         all such resignations effective as of such date. IIS and certain of
         the Hired Employees, each of whom are separately identified on
         Schedule 2.1(a) (the "Key Employees"), together will enter into
         employment agreements (each an "Employment Agreement," and
         collectively the "Employment Agreements") in form and substance
         acceptable to IIS and such Key Employees. (For all other purposes of
         this Agreement, the term "Hired Employees" shall include the Key
         Employees.)

(b)      Seller hereby waives any and all noncompetition, nonsolicitation,
         confidentiality, assignment of inventions, and other similar
         restrictive covenants and agreements by and between Seller and the
         Hired Employees with respect to their employment by IIS, effective as
         of the Closing Date, and hereby releases the Hired Employees from such
         agreements or restrictions solely for such purposes. Seller agrees to
         assign and transfer to IIS all of Seller's rights under any such
         restrictive or other agreements between Seller and all of its current
         and former employees (including the Hired Employees). Seller will, upon
         request of IIS, provide reasonable assistance to IIS in such regard.

(c)      The obligation to pay all employee and other benefits, including,
         without limitation, health, dental, life, accidental death and
         disability, retirement, severance, and related or other benefits,
         which are payable to employees (including Hired Employees) under
         Seller's Employee Plans, including, in the case of Hired Employees,
         any that arise, are incurred or are based on events that occur on or
         prior to the actual date of hire by IIS (whether or not claims for
         such benefits are submitted on or prior to such date), as well as any
         statutory or other penalties payable to employees or former employees
         (including the Hired Employees) as a result of the late or non-payment
         (or underpayment) of wages, 401(k) plan withholdings, contributions or
         other compensation, and withholding amounts, will remain the sole
         responsibility of GNI, except as set forth in Section 3.21, and will

                                       3

         not be assumed by IIS, and Shareholder, and to the extent set forth in
         Section 11.4, Anchor, will indemnify and hold harmless IIS for such
         claims and amounts. IIS will be responsible for any benefits that are
         payable to Hired Employees under the terms of IIS's employee plans
         that arise, are incurred or are based on events that occur after the
         date of actual hire by IIS, including salary and any severance amounts
         to which such Hired Employees are or become entitled to under their
         arrangements with IIS. For the purpose of this Section 2.1(c), the
         term "events" means the item that is the subject matter of the claim
         (i.e., medical --- services, layoff, etc.) as well as the condition or
         injury leading to the filing of the claim. IIS will not assume or be
         responsible for any liability in respect of any benefits that are
         payable at any time to, or in respect of, current or former employees
         of Seller not employed by IIS. GNI will continue to provide disability
         coverage, if applicable, to any Hired Employee who is unable to report
         to work with IIS due to short- or long-term disability until such
         employee reports to work for IIS, and to any current or former Seller
         employees that are not hired by IIS.

(d)      Notwithstanding anything to the contrary contained in Section 2.1(c) of
         this Agreement, IIS agrees to award to each Hired Employee an amount of
         vacation days equal to such Hired Employee's remaining Paid Time Off
         ("PTO") days as of November 30, 2001, and as adjusted through the date
         of Closing, capped at a monetary equivalent of $145,437 (collectively,
         the "Hired Employee Vacation Grants"). IIS's obligation to make such
         Hired Employee Vacation Grants will be subject to such Hired Employee's
         waiver and release of PTO liabilities with Seller.

2.2      OFFICE LEASES

         IIS and Seller agree that they will use commercially reasonable efforts
to obtain financial concessions and enter into arrangements with Seller's
landlords for possession by IIS of the office premises (or portion thereof)
covered under the Office Leases at Closing (collectively the "Premises"),
pursuant to which IIS will enter into new leases for the Premises simultaneously
with the termination of the Office Lease, sublet the Premises, or take an
assignment of the Office Leases, or combination thereof, provided the terms are
no less favorable to IIS than those currently provided to Seller and provided
such lease documentation is satisfactory to IIS in form and substance. In the
event IIS does occupy any of the Premises, IIS will reimburse Seller for a
prorated rental payment for that portion of the current month remaining after
the Closing Date for each of the Premises IIS does occupy, and IIS will make
such payments, if any, within ten (10) days after the Closing Date (for purposes
of illustration only, if the Closing Date is January 15, 2002, not later than
January 25, 2001 IIS will reimburse Seller for 16/31 of the rental payment made
to the landlord for January).

2.3      ASSETS TO BE SOLD

         Pursuant to the Sale Order and Chapter 128 of the Wisconsin Statutes,
and upon the terms and subject to the conditions set forth in this Agreement, at
the Closing, Seller shall sell, convey, assign, transfer and deliver to IIS, and
IIS shall purchase and acquire from Seller, free and clear of any Encumbrances
in accordance with the Sale Order, all of Seller's right, title and interest in
and to the following assets:

                                       4

(a)      the clients or customers of Seller ("Transferred Customers") identified
         to IIS in writing by Seller within five (5) days of the Effective Date,
         together with all other clients or customers on whose accounts or
         projects any of the Hired Employees performed services or to whom
         products were shipped in the twelve months prior to the date hereof;

(b)      the furniture, fixtures and equipment utilized prior to the date hereof
         by the Hired Employees, including the fixed assets listed on Schedule
         2.3(b)(i), the inventories, raw materials, work-in-progress and
         finished goods and supplies of Seller, including those listed on
         Schedule 2.3(b)(ii), and the prepaid and other current assets listed on
         Schedule 2.3 (b) (iii), and ;

(c)      the customer contracts (i) of Transferred Customers and (ii) other
         customers of Seller identified to IIS in writing by Seller within five
         (5) days of the Effective Date (the "Contracts");

(d)      the affiliate agreements, reseller contracts and teaming agreements
         identified to IIS in writing by Seller within five (5) days of the
         Effective Date (the " Reseller Contracts");

(e)      all telephone numbers, the Intellectual Property Assets listed on
         Schedule 2.3(e) and the goodwill associated therewith;

(f)      all data and records related to the Contracts, Reseller Contracts,
         Office Leases, Transferred Customers (and other Seller customers),
         Hired Employees and other assets of Seller, including client and
         customer lists and records, referral sources, research and development
         reports and records, creative materials, advertising materials,
         promotional materials, studies, reports, correspondence and other
         similar documents and records and, subject to Legal Requirements, and
         copies of all personnel records of the Hired Employees;

(g)      fifty percent (50%) of the Eligible Anchor Receivables (as defined
         below), calculated on the Closing Date; and

(h)      all receivables that are more than one hundred and twenty (120) days
         past the invoice date as of the Closing Date (the "Delinquent
         Receivables").

         All of the property and assets to be transferred to IIS hereunder are
herein referred to collectively as the "Purchased Assets." Notwithstanding the
foregoing, the transfer of the Purchased Assets pursuant to this Agreement shall
not include the assumption of any Liability related to the Purchased Assets
unless IIS expressly assumes that Liability in this Agreement as set forth in
Sections 2.5 and 2.6.

2.4      EXCLUDED ASSETS

(a)      Notwithstanding anything to the contrary contained in Section 2.3 or
         elsewhere in this Agreement, all of the assets of Seller not referenced
         or listed in Section 2.3 (collectively, the "Excluded Assets") are not
         part of the sale and purchase contemplated hereunder, are excluded from
         the Purchased Assets, and shall remain the property of Seller after the

                                       5

         Closing. Without limitation of the foregoing, the Excluded Assets
         include leased personal property.

(b)      Beginning the day of the Closing Date, IIS will receive collection of
         Sellers' accounts receivable and GNI accounts receivable sold to
         Anchor (including accounts receivable outstanding as of the Closing
         Date and accounts receivable related to services provided prior to the
         Closing Date and for which Seller invoices within thirty days (3O)
         after the Closing Date ("Anchor Receivables"). "Eligible Anchor
         Receivables" are identifiable Anchor Receivables that are less than
         120 days past the invoice date or less than 120 days past the date
         payment is due under Goliaths contract or Reseller Contracts. Anchor
         will provide to IIS a list of Eligible Anchor Receivables within three
         (3) business days of the signing of this Agreement. IIS is purchasing
         fifty percent (50%) of each of the Eligible Anchor Receivables, as
         agreed by Anchor and IIS in writing on the Closing Date, and IIS has
         the option (the "A/R Option") for thirty (30) days after the Closing
         Date to purchase fifty percent (50%) of the receivables that had not
         yet been identified as of the closing date as Eligible Anchor
         Receivables. To exercise the A/R Option, IIS shall provide Anchor with
         written notice identifying said receivable and shall execute an
         addendum to the Subordinated Note to increase the principal balance of
         the Subordinated Note by fifty percent (50%) of the face amount of the
         receivable acquired on exercise of the A/R Option. IIS shall remit
         fifty percent (50%) of all amounts that it receives related to the
         Eligible Anchor Receiveables purchased at Closing, or acquired on
         exercise of the A/R Option, and one hundred percent (100%) percent of
         the amounts it collects on Eligible Anchor Receivables that were not
         included in its purchase at Closing or acquired on exercise of the A/R
         Option on the later of twenty (20) days after the Closing Date or the
         15th day of the month following the month in which the Closing takes
         place (for purposes of calculating payment periods, for Eligible
         Anchor Receivables acquired on exercise of the A/R Option after
         Closing, the date of sale shall be deemed to be the Closing Date), and
         on or before the 15th day of each month thereafter in which IIS
         receives payment. Seller hereby authorizes IIS to endorse in IIS's
         name, all notes, checks, drafts, money orders or other instruments of
         payment in respect to Anchor Receiveables which come into it or
         Seller's possession. In the event a dispute arises regarding amounts
         claimed to be owed or collection issues arise, Shareholder shall use
         commercially reasonable efforts to aid IIS and Anchor in resolving
         said dispute in order to collect the amounts owed on said receivables.
         Anchor and IIS agree that neither will take any collection efforts on
         the purchased Eligible Anchor Receiveables without the prior written
         consent of the other. IIS may take any collection efforts it deems
         appropriate as to the Delinquent Receiveables. Anchor may take any
         collection efforts it deems appropriate as to the nonpurchased
         Eligible Anchor Receivables but shall advise IIS of its intended
         course of action prior to commencing said action.

2.5      CONSIDERATION

         Subject to the terms and conditions of this Agreement, the
consideration to be paid by IIS for the Purchased Assets (the "Purchase Price")
will consist of three components, (i) the cash component, (ii) the Hired
Employee Vacation Grants, and (iii) the execution by IIS of a subordinated note
(the "Subordinated Note") in favor of Anchor in an amount not to exceed the sum
of $4,250,000 plus 50% of the purchased Eligible Anchor Receivables, calculated
on the

                                       6

Closing Date (the "Principal Note Amount"). The principal amount of the
Subordinated Note may include, but shall not be increased beyond the foregoing
sum by, any amounts paid pursuant to Section 12.1(ii). The Subordinated Note
will be in the form of Schedule 2.5. Each of the Purchase Price components will
be paid at the Closing as follows:

(a)      IIS will deliver to Anchor for the benefit of Seller $400,000, less the
         cash advance of $100,000 as set forth in Section 12.1(i), in cash by
         wire transfer or other immediately available funds.

(b)      IIS will make the Hired Employee Vacation Grants, as set forth in
         Section 2.1(d).

(c)      At Closing, IIS will execute the Subordinated Note in favor of Anchor
         for the balance of Anchor's loans to Seller as of the Closing Date, in
         the Principal Note Amount..

2.6      LIABILITIES

         IIS will not assume and does not agree to discharge any Liabilities of
Seller except for the continuing obligations after the Closing under (i) the
Contracts, (ii) the Reseller Contracts, (iii) the Office Leases, (iv) the
Subordinated Note and (v) the Hired Employee Vacation Grants, and then only to
the extent such Contracts, Reseller Contracts, Office Leases, Subordinated Note
or Hired Employee Vacation Grants require or contemplate performance on or after
the Closing Date.

         All other Liabilities will remain the sole responsibility of and shall
be retained, paid, performed and discharged by Seller in accordance with the
Chapter 128 Creditors' Action, including, but not limited to:

(a)      any Liability arising out of or relating to products or services sold
         or provided by Seller to the extent performed, manufactured, or sold,
         as the case may be, prior to the Closing Date, including without
         limitation any Liabilities for customer claims arising out of such
         products or services;

(b)      any Liability under any Contract or Reseller Contract assumed by IIS
         that arises after the Closing Date to the extent it arises out of or
         relates to any breach that occurred prior to the Closing Date;

(c)      any Liability for Taxes, including (A) any Taxes arising as a result of
         Seller's operation of its business or ownership of the Purchased Assets
         prior to the Closing Date including without limitation any withholding
         amounts and any fines, fees, penalties or costs relating to Seller's
         Employee Plans, (B) any Taxes that will arise as a result of the sale
         of the Purchased Assets pursuant to this Agreement, and (C) any
         deferred Taxes of any nature;

(d)      any Liability under any contract, agreement or other arrangement not
         assumed by IIS, including without limitation any Liability arising out
         of any credit arrangement or debt, including any Liability arising out
         of any credit arrangement or debt with Shareholder, real or personal
         property lease, loan, or similar arrangement (including trade payables)
         or any loan or security agreement relating thereto;

                                       7

(e)      any Liability under or pertaining to that certain Rescission Agreement,
         by and between GNI and Elizabeth A. Eversoll ("Eversoll") doing
         business as e-Volved Solutions, dated June 11, 2001, including any
         Liability arising under any of the transaction documents referenced in
         Section 1.01 thereof;

(f)      any environmental, health and safety liabilities arising out of or
         relating to the operation of Seller's business;

(g)      any Liability under the Seller Employee Plans or relating to payroll,
         vacation, sick leave, workers' compensation, unemployment benefits,
         pension benefits, employee stock option or profit-sharing plans, health
         care plans or benefits or any other employee plans or benefits of any
         kind for Seller's employees or former employees (including any Hired
         Employees) or both;

(h)      any Liability under any employment, severance, retention or termination
         agreement, or any penalties or damages or late-, under- or non-payment
         of wages or other compensation, with or relating to any employee or
         former employee (including any Hired Employees) of Seller;

(i)      any Liability arising out of or relating to any employee grievance
         whether or not the employees filing or initiating such grievance are
         hired by IIS;

(j)      any Liability to indemnify, reimburse or advance amounts to any
         shareholder, officer, director, employee or agent of Seller;

(k)      any Liability to distribute to any of Seller's shareholders, creditors
         or otherwise apply all or any part of the consideration received
         hereunder;

(l)      any Liability arising out of any proceeding pending as of the Closing
         Date;

(m)      any Liability arising out of any proceeding commenced after the
         Closing Date to the extent arising out of or relating to any
         occurrence or event happening prior to the Closing Date;

(n)      any Liability arising out of or resulting from Seller's compliance or
         noncompliance with any Legal Requirement or Order of any governmental
         body, including the Sale Order;

(o)      any Liability of Seller under this Agreement or any other document
         executed in connection with the transactions contemplated hereby;

(p)      any Liability of Seller based upon Seller's acts or omissions
         occurring prior to or after the Closing Date; and

(q)      any cost, expense, fees or other amounts payable in connection with
         the Chapter 128 Creditors' Action, including any fees or expenses
         payable to the Receiver or any bonding, surety or similar costs.

                                       8

2.7      ALLOCATION

         The Purchase Price shall be allocated in accordance with Section 1060
of the Internal Revenue Code of 1986, as amended (the "Code"). After the
Closing, the parties shall make consistent use of such allocation, fair market
value and useful lives required by the Code for all Tax purposes and in all
filings, declarations and reports with the U.S. Internal Revenue Service ("IRS")
in respect thereof. IIS shall undertake in good faith to prepare and deliver IRS
Form 8594 to Seller within sixty (60) days after the Closing Date to be filed
with the IRS.

2.8      CLOSING

         The transactions provided for in this Agreement will take place at the
offices of Axley Brynelson, LLP, Manchester Place, Suite 200, 2 East Mifflin
Street, Madison, Wisconsin 53701-1767 (the "Closing"), commencing at 10:00 a.m.
(local time) on January 25, 2002 (the "Closing Date"), unless IIS and Seller
otherwise agree. Subject to the provisions of Section 9, failure to consummate
the transactions provided for in this Agreement on the date and time and at the
place determined pursuant to this Section 2.8 will not result in the termination
of this Agreement and will not relieve any party of any obligation under this
Agreement. In such a situation, the Closing will occur as soon as practicable,
subject to Section 9.

2.9      CLOSING OBLIGATIONS

         In addition to any other documents to be delivered under other
provisions of this Agreement, at the Closing, except with regard to the items
set forth in Sections 2.9(a)(iv), (v), (viii), (x) and (xi), which conditions
shall be satisfied by 5:00 p.m. Wisconsin time on the day before the hearing on
the approval of the Sale Order:

(a)  Seller, Shareholder and Anchor, as the case may be, shall deliver to IIS:

     (i)  a bill of sale for the Purchased Assets that are tangible personal
          property in the form of Schedule 2.9(a)(i) (the "Bill of Sale"),
          executed by Seller;

     (ii) an assignment of all of the Purchased Assets that are intangible
          personal property in the form of Schedule 2.9(a)(ii) (the "Assignment
          of Contract Rights"), executed by Seller;

    (iii) assignments of all telephone numbers, assignments of all copyrights
          and a separate assignment of all marks, trade secrets and net names
          both in the form set forth on Schedule 2.9(a)(iii) (the "Assignment of
          Copyrights" and the "Assignment of Marks, Trade Secrets and Net
          Names"), executed by Seller;

     (iv) valid and binding assignment of Transferred Customer contracts to IIS
          and consent to such transfer from the top twenty (20) Transferred
          Customers, ranked by invoiced amounts during 2001 (the "Top Twenty
          Customers");

     (v)  valid and binding assignment of those Reseller Contracts to IIS and
          consent to such transfer from the counterparties to those Reseller;

                                       9

     (vi) a true and correct copy of the Sale Order issued by the Court,
          satisfactory to IIS in form and substance, authorizing the sale of the
          Purchased Assets to IIS in accordance with the terms hereof, together
          with any other necessary or desirable approvals or authorizations of
          the Court or any creditors or other parties pursuant to the Chapter
          128 Creditors' Action;

    (vii) a list of Eligible Anchor Receivables and such other deeds, bills of
          sale, assignments, certificates of title, documents and other
          instruments of transfer and conveyance as may reasonably be requested
          by IIS, each in form and substance reasonably satisfactory to IIS and
          its legal counsel and executed by Seller;

    viii) written confirmation from the Seller that the Seller has not
          received termination or cancellation of any of the Employment
          Agreements;

     (ix) a certificate executed by Bakken and Shareholder as to the accuracy of
          his representations and warranties as of the date of this Agreement
          and as of the Closing in accordance with Section 7.1 and as to his
          compliance with and performance of his covenants and obligations to be
          performed or complied with at or before the Closing in accordance with
          Section 7.1;

     (x)  all consents, waivers, authorizations necessary to transfer, sell and
          assign the Purchased Assets and to consummate the other transactions
          contemplated hereby; and

     (xi) Evidence satisfactory to IIS that Anchor and Shareholder have
          terminated or settled the loans of Anchor to Mr. Bakken, in a manner
          satisfactory to IIS in the exercise of commercially reasonable
          judgment.

(b)       IIS shall deliver to or for the benefit of Seller:

     (i)  $300,000 which shall be paid directly to Anchor for the benefit of
          Seller pursuant to Section 2.5(a);

     (ii) the Subordinated Note; and

    (iii) a certificate executed by IIS as to the accuracy of its
          representations and warranties as of the date of this Agreement and as
          of the Closing in accordance with Section 8.1 and as to its compliance
          with and performance of its covenants and obligations to be performed
          or complied with at or before the Closing in accordance with Section
          8.1.

2.10     APPROVAL OF CHAPTER 128 CREDITORS' ACTION

(a)      Seller and Anchor hereby confirm that it is critical to the process of
         arranging an orderly sale of Seller's assets to proceed by selecting
         IIS to enter into this Agreement in order to present the Court with
         arrangements for obtaining the highest realizable prices for the
         Purchased Assets and, that without IIS having committed substantial
         time and effort to such process, the Seller would have to employ a
         less orderly process of sale and thereby

                                       10

         both incur higher costs and risk attracting lower prices. Accordingly,
         the contributions of IIS to the process have indisputably provided
         very substantial benefit to Seller and Anchor. Seller and Anchor
         acknowledge that IIS would not have invested the effort in negotiating
         and documenting the transactions provided for in this Agreement and
         incurring duties to pay its outside advisors if IIS was not entitled
         to the protections provided for in this Section 2.10, including the
         Termination Fee.

(b)      The Agreement is subject to IIS receiving the Sale Order from the
         Court, satisfactory to IIS in form and substance, approving the terms
         hereof and authorizing the sale by Seller of the Purchased Assets to
         IIS and consummation of the other transactions contemplated hereby.
         GNI, Shareholder, Anchor, and consistent with its duties to GNI and
         the creditors of GNI, Receiver, agree to undertake in good faith to
         cooperate and provide all necessary assistance, including providing
         reports, affidavits and attending hearings as required in order to
         obtain the Sale Order.

(c)      Except as required by the Court with respect to any competing bid for
         the Purchased Assets in the Chapter 128 Creditors' Action that is
         approved by the Court, until such time as this Agreement shall be
         terminated pursuant to Section 9.1, neither Anchor nor Shareholder
         shall directly or indirectly solicit, initiate, encourage or entertain
         any inquiries or proposals from, discuss or negotiate with, provide
         any nonpublic information to or consider the merits of any inquiries
         or proposals from any Person (other than IIS) relating to any business
         combination transaction involving Seller, including the merger or
         consolidation of Seller or the sale of its business, securities or any
         significant portion of Seller's assets or the Purchased Assets. Seller
         shall notify IIS of any such inquiry or proposal within twenty-four
         (24) hours of receipt or awareness of the same by Seller.

(d)      Notwithstanding any other provision in this Section 2.10, Seller shall
         not accept any competing bid for a substantial portion of the
         Purchased Assets unless such competing bid: (i) provides for value to
         Seller of at least $150,000 over the sum of the Purchase Price; (ii)
         is on terms that, in the Seller's business judgment are not materially
         more burdensome of conditional than the terms of this Agreement; (iii)
         is not subject to financing contingencies, unperformed due diligence
         or other conditions that are more burdensome to Seller than those set
         forth in this Agreement; and (iv) does not request or entitle the
         bidder to any break-up fee, termination fee, expense reimbursement or
         similar type of payment.

(e)      If the Receiver ultimately accepts, and the Court approves, a
         competing bid, IIS shall be entitled to an amount equal to $50,000
         (the "Termination Fee") in addition to any other amount to which it is
         entitled to hereunder. Anchor agrees to pay to IIS the Termination Fee
         within thirty (30) days of the Court's approval of a competing bid;
         provided, however, that Anchor shall not be required to pay IIS the
         Termination Fee if the competing bid is not caused by Anchor or if
         Anchor is not involved in the competing bid.

2.11     CONSENT OF THIRD PARTIES

         Notwithstanding anything to the contrary in this Agreement, this
Agreement shall not constitute an agreement to assign or transfer any
instrument, contract, lease, permit, or other

                                       11

agreement or arrangement or any claim, right or benefit arising thereunder or
resulting therefrom if an assignment or transfer or an attempt to make such an
assignment or transfer without the consent of a third party would constitute a
breach or violation thereof or affect adversely the rights of IIS or Seller
thereunder; and any such transfer or assignment to IIS by Seller that requires
the consent of a third party shall be made subject to such consent or approval
being obtained. In the event any such consent or approval is not obtained on or
prior to the Closing Date, unless the parties hereto shall otherwise agree,
Seller and the Shareholders shall continue to use all reasonable efforts to
obtain any such approval or consent after the Closing Date until such time as
such consent or approval has been obtained, and Seller and Shareholder will
cooperate with IIS in any lawful and economically feasible arrangement to
provide that IIS shall receive the interests of Seller in the benefits under any
such instrument, contract, lease, or permit or other agreement or arrangement,
including performance by Seller, as agent, if economically feasible. Nothing in
this Section 2.11 shall be deemed a waiver by IIS of any rights to have received
on or before the Closing an effective assignment of all of the Purchased Assets,
nor shall this Section 2.11 be deemed to constitute an agreement to exclude from
the Purchased Assets any assets described under Section 2.3.

                  3. REPRESENTATIONS AND WARRANTIES OF BAKKEN,
                        SHAREHOLDER, RECEIVER AND ANCHOR

         Except for those representations and warranties made to IIS by Anchor
in Section 3.21 and those representations and warranties made to IIS by Receiver
in Section 3.22, Bakken, in his capacity as a director of GNI, Bakken, in his
capacity as an officer of GNI, and Shareholder represent and warrant, jointly
and severally, to IIS as follows:

3.1      ORGANIZATION AND GOOD STANDING

         GNI is a corporation duly organized, validly existing and in good
standing under the laws of Wisconsin, with full corporate power and authority to
conduct its business as it is now being conducted, to own or use the properties
and assets that it purports to own or use, and to perform all its obligations
under its contracts. GNI is duly qualified to do business as a foreign
corporation and is in good standing under the laws of each state or other
jurisdiction in which either the ownership or use of the properties owned or
used by it, or the nature of the activities conducted by it, requires such
qualification.

3.2      ENFORCEABILITY; AUTHORITY; NO CONFLICT

(a)      This Agreement constitutes the legal, valid and binding obligation of
         GNI and Shareholder, enforceable against them in accordance with its
         terms. Upon the execution and delivery by GNI and the Shareholder of
         the other agreements to be executed or delivered by any of Seller and
         Shareholder at the Closing (collectively, "GNI's Closing Documents"),
         each of GNI's Closing Documents will constitute the legal, valid and
         binding obligation of each of GNI and Shareholder, enforceable against
         each of them in accordance with its terms. GNI has the absolute and
         unrestricted right, power and authority to execute and deliver this
         Agreement and GNI's Closing Documents to which it is a party and to
         perform its obligations under this Agreement and GNI's Closing
         Documents, and such action has been duly authorized by all necessary
         action by the

                                       12

          board of directors and shareholders of GNI. Shareholder has all
          necessary legal capacity to enter into this Agreement and GNI's
          Closing Documents to which Shareholder is a party and to perform his
          obligations hereunder and thereunder.

(b)       Subject to the Chapter 128 Creditors' Action, neither the execution
          and delivery of this Agreement nor the consummation or performance of
          any of the transactions contemplated hereby will, directly or
          indirectly (with or without notice or lapse of time): (i) breach (A)
          any provision of any of the certificates of incorporation or bylaws of
          GNI, (B) any resolution adopted by the board of directors or
          shareholders of GNI; (ii) breach or give any governmental body or
          other Person the right to challenge any of the contemplated
          transactions or to exercise any remedy or obtain any relief under any
          Legal Requirement or any Order to which GNI, or any of the Purchased
          Assets, may be subject; (iii) contravene, conflict with or result in a
          violation or breach of any of the terms or requirements of, or give
          any governmental body the right to revoke, withdraw, suspend, cancel,
          terminate or modify, any governmental authorization that is held by
          GNI or that otherwise relates to the Purchased Assets or to the
          business of GNI; (iv) breach any provision of, or give any Person the
          right to declare a default or exercise any remedy under, or to
          accelerate the maturity or performance of, or payment under, or to
          cancel, terminate or modify, any contract or agreement; or (v) result
          in the imposition or creation of any Encumbrance upon or with respect
          to any of the Purchased Assets.

(c)       GNI has given all notices and obtained all required consents from its
          shareholders in connection with the execution and delivery of this
          Agreement and the consummation or performance of all of the
          contemplated transactions.

3.3       FINANCIAL STATEMENTS.

          The financial statements of GNI attached in Schedule 3.3 are complete
and correct and fairly present, except as set forth on Schedule 3.3, the
financial position of GNI, in each case as of the dates thereof and the results
of operations and changes in financial position for the periods then ended
(subject, in the case of the interim financial statements, to the absence of
footnote disclosure and to normal year-end adjustments). For purposes of this
Agreement, "Last Balance Sheet" means the balance sheet of GNI as of November
30, 2001. Since the date of the Last Balance Sheet, there has not been any
change, or any application or request for any change, by GNI in accounting
principles, methods or policies for financial accounting or tax purposes, other
than as required by any applicable tax rule or regulation. Within thirty (30)
days of the Closing Date, Seller will provide an amended Last Balance Sheet
showing the GNI balance sheet as of the Closing Date.

3.4       BOOKS AND RECORDS

          The books of account and other financial records of GNI, all of which
have been made available to IIS, are complete and correct and represent actual,
bona fide transactions and have been maintained in accordance with sound
business practices.

                                       13

3.5      TITLE TO ASSETS; ENCUMBRANCES

         Except as set forth on Schedule 3.5, GNI owns good, marketable and
transferable title to all the Purchased Assets. Seller shall, at or before the
time of Closing, transfer and deliver all Purchased Assets to IIS free and clear
of all Encumbrances in accordance with the Sale Order.

3.6      CONDITION OF ASSETS

         Each item of tangible personal property is in good repair and good
operating condition, ordinary wear and tear excepted, is suitable for immediate
use in the ordinary course of business and is free from latent and patent
defects. No item of tangible personal property is in need of repair or
replacement other than as part of routine maintenance in the ordinary course of
business.

3.7      NO UNDISCLOSED LIABILITIES

         Except as set forth in Schedule 3.7, GNI has no Liability except for
Liabilities reflected or reserved against in the Last Balance Sheet and current
liabilities incurred in the ordinary course of business of GNI since the date of
the Last Balance Sheet.

3.8      TAXES

(a)      Except as set forth in Schedule 3.8(a), GNI has filed or caused to be
         filed on a timely basis all Tax Returns and all reports with respect
         to Taxes that are or were required to be filed pursuant to applicable
         Legal Requirements. All Tax Returns and reports filed by GNI are true,
         correct and complete. GNI has paid, or made provision for the payment
         of, all Taxes that have or may have become due for all periods covered
         by the Tax Returns or otherwise, or pursuant to any assessment
         received by GNI, except such Taxes, if any, as are listed in Schedule
         3.8(a) and are being contested in good faith and as to which adequate
         reserves (determined in accordance with GAAP) have been provided in
         the financial statements. GNI currently is not the beneficiary of any
         extension of time within which to file any Tax Return. No claim has
         ever been made or is expected to be made by any governmental body in a
         jurisdiction where GNI does not file Tax Returns that it is or may be
         subject to taxation by that jurisdiction. There are no Encumbrances on
         any of the Purchased Assets that arose in connection with any failure
         (or alleged failure) to pay any Tax, and GNI and Shareholder have no
         Knowledge of any basis for assertion of any claims attributable to
         Taxes which, if adversely determined, would result in any such
         Encumbrance.

(b)      Except as set forth in Schedule 3.8(b), all Taxes that GNI is or was
         required by Legal Requirements to withhold, deduct or collect have
         been duly withheld, deducted and collected and, to the extent
         required, have been paid to the proper governmental body or other
         Person.

(c)      GNI (i) has not been a member of an affiliated group within the
         meaning of Section 1504(a) of the Code, or any similar group defined
         under a similar provision of state, local or foreign law and (ii) has
         no liability for Taxes of any person (other than GNI and its

                                       14

         subsidiaries) under Treas. Reg. sect. 1.1502-6 (or any similar
         provision of state, local or foreign law), as a transferee or
         successor by contract or otherwise.

(d)      GNI has disclosed on its federal income Tax Returns all positions
         taken therein that could give rise to a substantial understatement of
         federal income Tax within the meaning of Code Section 6662.

3.9      EMPLOYEE BENEFIT PLANS

(a)      GNI has delivered or will prior to the Closing deliver to IIS true and
         complete copies of each deferred compensation, incentive compensation,
         stock purchase, stock option and other equity compensation plan
         covering any employee or former employee of GNI, "welfare" plan, fund
         or program (within the meaning of Section 3(1) of the Employee
         Retirement Income Security Act of 1974, as amended ("ERISA")) covering
         any employee or former employee of GNI; each "pension" plan, fund or
         program of GNI (within the meaning of Section 3(2) of ERISA) covering
         any employee or former employee of GNI; each employment, consulting,
         termination or severance agreement to which GNI is a party or by which
         it is bound; and each other employee benefit plan, fund, program,
         agreement or arrangement, in each case, that is sponsored, maintained
         or contributed to or required to be contributed to by GNI, or to which
         GNI is a party, whether written or oral, for the benefit of any
         employee, former employee, director, independent contractor,
         consultants, leased employees or contingent worker of GNI (each an
         "Employee Plan" and collectively the "Employee Plans").

(b)      With respect to each Employee Plan, GNI has heretofore delivered or
         will prior to the Closing deliver or made or will make available to
         IIS, along with true and complete copies of the Employee Plan and any
         amendments thereto (or if the Employee Plan is not a written Employee
         Plan, a description thereof), any related trust or other funding
         vehicle, any reports or summaries required under ERISA or the Code and
         the most recent determination letter received from the Internal Revenue
         Service with respect to each Employee Plan intended to qualify under
         Section 401 of the Code.

(c)      No Liability under Title IV or Section 302 of ERISA has been incurred
         by GNI or any entity, that together with GNI would be deemed a "single
         employer" within the meaning of Section 4001(b) of ERISA (an "ERISA
         Affiliate") that has not been satisfied in full, and no condition
         exists that presents a risk to GNI or any ERISA Affiliate of incurring
         any such Liability.

(d)      No Employee Plan is subject to Title IV of ERISA or Section 412 of the
         Code; nor is any Employee Plan a "multiemployer pension plan," as
         defined in Section 3(37) of ERISA, or subject to Section 302 of ERISA;
         nor has GNI nor any ERISA Affiliate maintained or contributed to any
         multiemployer pension plan in the last six (6) years.

(e)      GNI will be responsible for and pay any and all workers' compensation
         and other similar claims asserted by or with respect to any employee or
         former employee of GNI (including any Hired Employee) in respect of any
         injury or other compensable event or occupational illness or disease
         which occurred or is attributable to any event, state of

                                       15

         facts or condition which existed or occurred prior to the Closing Date
         (or prior to the actual start date with IIS with respect to any Hired
         Employee).

(f)      GNI shall provide IIS all information relating to each employee or
         former employee of GNI (including any Hired Employee), as IIS may
         reasonably require in connection with its employment of such persons,
         including, without limitation, initial employment dates, termination
         dates, reemployment dates, hours of service, compensation and tax
         withholding history in a form that will be usable by IIS and such
         information shall be true and correct in all respects.

3.10     LEGAL PROCEEDINGS; ORDERS

(a)      Except for the Chapter 128 Creditors' Action, as set forth in Schedule
         3.10 and the action against Eversoll and Berbee Information Networks
         Corporation, there is no pending or, to GNI's and Shareholder's
         Knowledge, threatened Proceeding:

         (i)  by or against GNI or that otherwise relates to or may affect the
              Purchased Assets, Transferred Customers, or Hired Employees;

         (ii) that challenges, or that may have the effect of preventing,
              delaying, making illegal or otherwise interfering with, any of
              the transactions contemplated hereby;

         (iii) Order to which GNI, its business or any of the Purchased Assets
              is subject; and

         (iv) no officer, director, agent or employee of GNI is subject to any
              Order that prohibits such officer, director, agent or employee
              from engaging in or continuing any conduct, activity or practice
              relating to the business of GNI.

3.11     BUSINESS CONDUCTED IN ORDINARY COURSE

         Since December 31, 2000, except for the Chapter 128 Creditors' Action,
there has not been any of the following (except in the ordinary course of
business):

(a)      payment (except in the ordinary course of business) or increase by GNI
         of any bonuses, salaries or other compensation to any shareholder,
         director, officer or employee or entry into any employment, severance
         or similar contract with any director, officer or employee, other than
         as provided to IIS, prior to the date hereof;

(b)      adoption of, amendment to or increase in the payments to or benefits
         under, any Employee Plan;

(c)      damage to or destruction or loss of any Purchased Asset, whether or not
         covered by insurance;

(d)      sale, lease or other disposition of any Purchased Asset of GNI
         (including the Intellectual Property Assets) or the creation of any
         Encumbrance on any Purchased Asset, except as set forth on Schedule
         3.5;

                                       16

(e)      indication by any Top Twenty Customer of an intention to discontinue
         or change the terms of its relationship with GNI; or

(f)      contract by GNI to do any of the foregoing.

3.12     CONTRACTS; NO DEFAULTS

(a)      GNI has delivered to IIS accurate and complete copies, of each and any
         contract or agreement containing covenants that in any way purport to
         restrict GNI's business activity or limit the freedom of GNI to engage
         in any line of business or to compete with any Person, in each case to
         the extent such other contract would restrict IIS's ability to conduct
         business with the Transferred Customers or other customers of GNI or
         restrict or limit the ability of the Hired Employees to perform
         services for IIS after their date of hire.

(b)      Each Contract and Reseller Contract is in full force and effect and is
         valid and enforceable in accordance with its terms; and, except as
         indentified in writing to IIS within five (5) days after the Effective
         Date, is assignable by GNI to IIS without the consent of any other
         Person.

(c)      GNI and each other party thereto is, and at all times since December
         31, 2000, has been, in material compliance with all applicable terms
         and requirements of each Contract and Reseller Contract. No event has
         occurred or circumstance exists that (with or without notice or lapse
         of time) may contravene, conflict with or result in a breach of, or
         give GNI or other Person the right to declare a default or exercise
         any remedy under, or to accelerate the maturity or performance of, or
         payment under, or to cancel, terminate or modify, any such Contract or
         Reseller Contract. GNI has not given to or received from any other
         Person, at any time since December 31, 2000, any notice or other
         communication (whether oral or written) regarding any actual, alleged,
         possible or potential violation or breach of, or default under, or
         cancellation, termination or notice of non-renewal of any Contract or
         Reseller Contract.

3.13     EMPLOYEES

(a)      GNI has provided to IIS a complete and accurate list of the following
         information for each employee, director, independent contractor,
         consultant and agent of GNI, including each employee on leave of
         absence or layoff status: employer; name; job title; date of hiring or
         engagement; date of commencement of employment or engagement; current
         compensation paid or payable; sick and vacation leave that is accrued
         but unused; and service credited for purposes of vesting and
         eligibility to participate under any Employee Plan, or any other
         employee or director benefit plan.

(b)      GNI has not violated the Worker Adjustment and Retraining Notification
         Act (the "WARN Act") or any similar state or local Legal Requirement,
         including without limitation Chapter 109 of the Wisconsin Statutes.
         During the ninety (90) day period prior to the date of this Agreement,
         GNI has not terminated more than 25 employees.

                                       17

3.14     LABOR; COMPLIANCE

         GNI has complied in all material respects with all Legal Requirements
relating to employment practices, terms and conditions of employment, equal
employment opportunity, nondiscrimination, immigration, wages, hours, benefits,
collective bargaining and other requirements under all Legal Requirements, the
payment of social security and similar Taxes and occupational safety and health.
GNI is not liable for the payment of any Taxes, fines, penalties, or other
amounts, however designated, for failure to comply with any of the foregoing
Legal Requirements. There has not been and is not pending any threatened or
actual strike, slowdown, work stoppage or employee grievance involving GNI.

3.15     INTELLECTUAL PROPERTY ASSETS

(a)      The term "Intellectual Property Assets" means all intellectual property
         owned or licensed (as licensor or licensee) by Seller in which Seller
         has a proprietary interest, and which constitutes part of the Purchased
         Assets, including:

         (i)   GNI's name, all assumed fictional business names, trade names,
               registered and unregistered trademarks, service marks and
               applications (collectively, "Marks");

         (ii)  all registered and unregistered copyrights in both published
               works and unpublished works (collectively, "Copyrights");

         (iii) all rights in mask works;

         (iv)  all know-how, trade secrets, confidential or proprietary
               information, customer lists, software, technical information,
               data, process technology, plans, drawings and blue prints
               (collectively, "Trade Secrets"); and

         (v)   all rights in internet web sites and internet domain names
               presently used by GNI (collectively "Net Names").

(b)      GNI has delivered to IIS accurate and complete copies of all GNI
         contracts relating to the Intellectual Property Assets. There is no
         outstanding and, to GNI's and Shareholder's Knowledge, no threatened
         (overtly or in writing) disputes or disagreements with respect to any
         such contract. Except as listed on Schedule 3.15(b), GNI has no
         patents, patent applications, or, to its Knowledge, inventions or
         discoveries that may be patentable.

(c)      GNI is the owner or licensee of all right, title and interest in and to
         each of the Intellectual Property Assets, free and clear of all
         Encumbrances, and has the right to use without payment to a third party
         all of the Intellectual Property Assets. All former and current
         employees of GNI have executed written contracts with GNI that assign
         to GNI all rights to any inventions, improvements, discoveries or
         information relating to the business of GNI.

(d)      All of the Intellectual Property Assets are currently in compliance
         with formal Legal Requirements, are valid and enforceable, and are not
         subject to any maintenance fees or taxes or actions falling due within
         ninety (90) days after the Closing Date. No

                                       18

         Intellectual Property Asset is infringed or, to GNI's and
         Shareholder's Knowledge, has been challenged or threatened in any way
         and none of the services of GNI or products manufactured or sold, nor
         any process or know-how used, by GNI, and none of the Intellectual
         Property Assets, infringes or is alleged to infringe any intellectual
         property asset or other proprietary right of any other Person and is
         not a derivative work based on the work of any other Person.

(e)      All Marks have been registered with the United States Patent and
         Trademark Office. No Mark has been or is now involved in any
         opposition, invalidation or cancellation Proceeding and, to GNI's and
         Shareholder's Knowledge, no such action is threatened with respect to
         any of the Marks. To GNI's and Shareholder's Knowledge, there is no
         potentially interfering trademark or trademark application of any other
         Person. All products and materials containing a Mark bear the proper
         federal registration notice where permitted by law.

(f)      With respect to each Trade Secret, the documentation relating to such
         Trade Secret is current, accurate and sufficient in detail and content
         to identify and explain it and to allow its full and proper use
         without reliance on the knowledge or memory of any individual. GNI has
         taken all reasonable precautions to protect the secrecy,
         confidentiality and value of all Trade Secrets (including the
         enforcement by GNI of a policy requiring each employee or contractor
         to execute proprietary information and confidentiality agreements
         substantially in GNI's standard form, and all current and former
         employees and contractors of GNI have executed such an agreement). GNI
         has good title to and an absolute right to use the Trade Secrets. The
         Trade Secrets are not part of the public knowledge or literature and
         have not been used, divulged or appropriated either for the benefit of
         any Person (other than GNI) or to the detriment of GNI.

(g)      All Net Names have been registered in the name of GNI. To GNI's and
         Shareholder's Knowledge there is no domain name application pending of
         any other person which would or would potentially interfere with or
         infringe any Net Name.

3.16     BROKERS OR FINDERS

         Except as set forth on Schedule 3.16, neither GNI nor any of its
representatives have incurred any obligation or liability, contingent or
otherwise, for brokerage or finders' fees or agents' commissions or other
similar payments in connection with the transactions contemplated by this
Agreement for which IIS will or could be liable or responsible.

3.17     CHAPTER 128 CREDITORS' ACTION

         GNI and Shareholder will comply with all the terms and conditions of
the Chapter 128 Creditors' Action, the Sale Order and all other requirements and
orders issued by the Court.

3.18     OTHER INDEMNITY ARRANGEMENTS

         Except as contemplated by the Chapter 128 Creditors' Action and subject
to Section 3.19, Shareholder has not and will not enter into any agreements or
arrangements, whether written or

                                       19

verbal, formal or informal, with any of his affiliates or other parties
(including GNI) with respect to any indemnification, contribution or other loss
sharing arrangement arising out of or relating to the business or operations of
GNI or this Agreement or the documents, agreements or transactions executed or
entered into in connection with this Agreement.

3.19     SHAREHOLDER'S PERSONAL INDEBTEDNESS

         Shareholder represents that he has resolved his $1,000,000 personal
bank note in favor of Anchor in such a fashion that he is fully committed to his
employment with IIS without undue distractions.

3.20     DISCLOSURE

         No representation or warranty contained in this Agreement, or any
certificate or schedule furnished to IIS in connection with the negotiation or
execution of this Agreement, contains any material misstatement of fact as of
the date when made or omitted to state a material fact or any fact necessary to
make the statements contained herein or therein not materially misleading as of
the date when made.

3.21     ANCHOR'S REPRESENTATIONS AND WARRANTIES

         Anchor represents and warrants to IIS as follows:

(a)      Anchor has entered into that certain Agreement and Release, dated
         December 19, 2001, with Bakken in connection with loans by Anchor to
         GNI and other business arrangements between Anchor and GNI, and such
         Agreement and Release is in full force and effect.

(b)      This Agreement constitutes the legal, valid and binding obligation of
         Anchor, enforceable against it accordance with its terms. This
         Agreement and the transactions contemplated hereby have been authorized
         by all necessary action of Anchor.

(c)      Upon the Closing of this transaction, the approval and execution of the
         Sale Order by the Court, and IIS execution and delivery of the
         Subordinate Note and Security Agreement, Anchor represents and warrants
         that it will release its liens against the assets sold to IIS, although
         GNI's indebtedness to it will not be paid in full.

(d)      At or before Closing of the Agreement, Anchor will satisfy fully sales
         taxes which remain owing by GNI, make payment of withheld employee
         contributions to the Goliath Networks, Inc. 401(k) Plan (the "GNI
         Plan") which are required under the GNI Plan prior to its termination
         and will make payment of the administrative and termination fees of the
         GNI Plan, but only to the extent the GNI Plan cannot pay such expenses.

(e)      Anchor has not contracted with Resource Financial Corporation and has
         no obligation to pay Resource Financial Corporation for services.

(f)      No representation or warranty of Anchor contained in (x) this
         Agreement, (y) any certificate or schedule executed or delivered to IIS
         by Anchor that are identified on Schedule 3.21(f) delivered at Closing,
         or (z) any certificate or schedule executed or

                                       20

         delivered to IIS by Anchor after Closing that states such certificate
         or schedule is being delivered pursuant to Schedule 3.21(f), contains
         any material misstatement of fact as of the date when made or omitted
         to state a material fact or any fact necessary to make the statements
         contained herein or therein not materially misleading.

3.22     RECEIVER'S REPRESENTATIONS AND WARRANTIES

         Receiver represents and warrants to IIS as follows:

(a)      Receiver is the duly appointed receiver for Seller and has the power to
         execute and deliver this Agreement and to consummate the transactions
         provided for herein, subject to approval of the Court.

(b)      The Receiver shall promptly apply to the court to authorize
         consummation of the transaction provided for herein.

(c)      All of Seller's right, title and interest in the Purchased Assets (or
         in the case of any leased or licensed Purchased Assets, Seller's rights
         under such lease or licenses) shall be transferred to IIS, free and
         clear of all liens, claims and encumbrances in accordance with the Sale
         Order.

                    4. REPRESENTATIONS AND WARRANTIES OF IIS

         IIS represents and warrants as follows:

4.1      ORGANIZATION AND GOOD STANDING

         To Seller, Bakken, Shareholder and Anchor, IIS is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Delaware, with full corporate power and authority to conduct its business as it
is now conducted.

4.2      AUTHORITY; NO CONFLICT

         To Seller, Bakken, Shareholder and Anchor, this Agreement constitutes
the legal, valid and binding obligation of IIS, enforceable against IIS in
accordance with its terms. Upon the execution and delivery by IIS of the
agreements to be executed or delivered by IIS at Closing (collectively, "IIS's
Closing Documents"), each of IIS's Closing Documents will constitute the legal,
valid and binding obligation of IIS, enforceable against IIS in accordance with
its respective terms. IIS has the absolute and unrestricted right, power and
authority to execute and deliver this Agreement and IIS's Closing Documents and
to perform its obligations under this Agreement and IIS's Closing Documents, and
such action has been duly authorized by all necessary corporate action.

4.3      BROKERS OR FINDERS

         To Seller, Bakken, Shareholder and Anchor, neither IIS nor any of its
representatives have incurred any obligation or liability, contingent or
otherwise, for brokerage or finders' fees

                                       21

          or agents' commissions or other similar payment in connection with the
          transactions contemplated hereby.

4.4      DISCLOSURE

         To Seller, Bakken, Shareholder and Anchor, no representation or
warranty contained in this Agreement, or any certificate or schedule furnished
by IIS in connection with the negotiation or execution of this Agreement,
contains any material misstatement of fact as of the date when made or omitted
to state a material fact or any fact necessary to make the statements contained
herein or therein not materially misleading as of the date when made.

4.5      PLEDGED ASSETS

         To Anchor, IIS represents and warrants that, at present, no creditors
hold a security interest in the collateral pledged to Anchor as security for the
Subordinated Note. Anchor acknowledges that such collateral was, however,
previously pledged as collateral for obligations to other creditors and that
same collateral remains covered by active financing statements. IIS believes
that it is entitled to have such financing statements terminated and agrees to
use commercially reasonable efforts to effect termination of such financing
statements.

4.6      FINANCIAL REPORTS

         To Anchor, IIS represents and warrants that, while there remain amounts
outstanding under the Subordinated Note, it will provide Anchor with: (i)
unaudited quarterly financial statements (for the first three quarters of the
fiscal year) within 45 days following the end of the quarter; (ii) audited
annual financial statements within 90 days following the end of the year; and
(iii) from time to time, as reasonably requested by Anchor (but not more
frequently than monthly), a statement of compliance with the collateral coverage
requirements of the Subordinated Note.

                     5. COVENANTS OF SELLER AND SHAREHOLDER

5.1      ACCESS AND INVESTIGATION

         Between the date of this Agreement and the Closing Date and thereafter
if reasonably required by IIS, Seller and Shareholder shall: (a) afford IIS and
its representatives full and free access, during regular business hours, to
Seller's personnel, properties, contracts, governmental authorizations, books
and records and other documents and data, such rights of access to be exercised
in a manner that does not unreasonably interfere with the operations of Seller;
(b) furnish IIS with copies of all such contracts, governmental authorizations,
books and records and other existing documents and data as IIS may reasonably
request; (c) furnish IIS with such additional financial, operating and other
relevant data and information as IIS may reasonably request; and (d) otherwise
cooperate and assist, to the extent reasonably requested by IIS, with IIS's
investigation of the properties, assets and financial condition related to
Seller.

                                       22

5.2      OPERATION OF THE BUSINESS OF SELLER

         Between the date of this Agreement and the Closing, Seller and
Shareholder shall: (a) use their best efforts to preserve intact the current
business organization of Seller, keep available the services of Seller's
officers, employees and agents and maintain Seller's relations and goodwill with
suppliers, customers, landlords, creditors, employees, agents and others having
business relationships with it; (b) report periodically to IIS concerning the
status of Seller's business, operations and finances; (c) maintain the Purchased
Assets in a state of repair and condition that complies with Legal Requirements
and is consistent with the requirements and normal conduct of Seller's business;
and (d) comply with all Legal Requirements and contractual obligations
applicable to the operation of Seller's business.

5.3      REQUIRED APPROVALS

         Seller and Shareholder shall cooperate with IIS and its representatives
in obtaining the Sale Order and in obtaining all consents necessary to IIS to
assume the Contracts and Reseller Contracts, acquire the Purchased Assets and
otherwise consummate the transactions contemplated hereby.

5.4      FILINGS

         For a period of 120 days following the Closing, neither GNI nor
Shareholder will cause, direct or otherwise allow GNI to commence any voluntary
petition under any federal bankruptcy law (now or hereinafter in effect).

                           6. COVENANT NOT TO COMPETE

         As consideration for IIS entering into this Agreement, GNI and its
successor(s) will not at any time during the five (5) year period immediately
following the Effective Date, and Shareholder will not at any time during the
two (2) year period immediately following the Effective Date, directly or
indirectly, in sole proprietorship, in any partnership or joint venture, or as
owner of an equity interest in any corporation, limited liability company or
other business entity (other than the ownership of one percent (1%) or less of
the outstanding equity securities of any publicly-traded corporation or entity),
or as an agent of or consultant to any of the foregoing: (i) engage in any
business of substantially the same character as the business engaged in by it or
him, or provide any services of substantially the same character as the services
provided by it or him, to any person or entity, including without limitation the
Transferred Customers, anywhere in the United States of America; (ii) solicit or
attempt to solicit for employment any person who is, at the time of such
solicitation, a Hired Employee, Key Employee or other employee or officer of
IIS, or induce or attempt to induce any such person to terminate his or her
employment with IIS; or (iii) solicit or attempt to solicit any client or
customer, including without limitation any Transferred Customer, to do business
with GNI or its affiliates or successors, or induce or attempt to induce any
such customer to terminate his or her relationship with IIS.

                                       23

         Notwithstanding the previous paragraph of this Section 6, if
Shareholder is terminated by IIS without Cause (as defined below), then upon
completion of the severance period, if any, such Shareholder shall not be
restrained from competing with IIS.

         "Cause" shall mean and include, as determined by IIS in its good faith
judgment, Shareholder's: (i) conviction of a felony under the laws of the United
States of America or any state or political subdivision thereof; (ii) engagement
in conduct constituting breach of fiduciary duty, willful misconduct or
recklessness relating to IIS or the performance of Shareholder's employment
duties, or fraud; (iii) breach of any non-compete, non-solicit or
confidentiality obligations owed to IIS (whether contained in this Agreement, an
employment agreement or otherwise) in any material respect; (iv) failure to
follow a proper and reasonable directive of IIS within the scope of
Shareholder's employment duties (which shall be capable of being performed by
Shareholder with reasonable effort); (v) failure to substantially meet or
satisfy mutually agreed upon unit requirements after written notice referencing
this subparagraph, specifying the performance required and Shareholder's failure
to perform, within sixty (60) days after such notice; or (vi) any breach of any
of the terms and conditions of this Agreement, which breach materially and
adversely impacts IIS.

              7. CONDITIONS PRECEDENT TO IIS'S OBLIGATION TO CLOSE

         IIS's obligation to consummate the transactions contemplated hereby and
to take the other actions required to be taken by IIS at the Closing is subject
to the satisfaction, at or prior to the Closing, of each of the following
conditions (any of which may be waived by IIS in its sole discretion, in whole
or in part):

7.1      ACCURACY OF REPRESENTATIONS; COVENANTS; DILIGENCE

         GNI's, Shareholder's, the Receiver's and Anchor's representations and
warranties in this Agreement shall have been accurate in all material respects
as of the date of this Agreement, and shall be accurate in all material respects
as of the time of the Closing as if then made, except that any representations
and warranties already qualified by materiality shall be true and correct in all
respects. Each of the covenants and obligations that GNI, the Receiver, Anchor
and Shareholder are required to perform or to comply with pursuant to this
Agreement at or prior to the Closing shall have been duly performed and complied
with in all material respects. Results of the due diligence investigation of IIS
shall be satisfactory to IIS in its sole discretion.

7.2      ADDITIONAL DOCUMENTS

         GNI, the Receiver, Anchor and Shareholder shall have caused the
documents and instruments required by Section 2.9(a) and the following documents
to be delivered (or tendered subject only to Closing) to IIS:

(a)      the Sale Order from the Court;

(b)      such other documents as IIS may reasonably request for the purpose of:

         (i)  evidencing the accuracy of any of GNI's, the Receiver's, Anchor's
              or Shareholder's representations and warranties;

                                       24

         (ii)  evidencing the performance by GNI, the Receiver, Anchor or
               Shareholder, or the compliance by GNI, the Receiver, Anchor and
               Shareholder with, any covenant or obligation required to be
               performed or complied with by GNI, the Receiver, Anchor or
               Shareholder;

         (iii) evidencing the satisfaction of any condition referred to in this
               Section 7; or

         (iv)  otherwise facilitating the consummation or performance of any of
               the transactions contemplated hereby.

7.3      NO PROCEEDINGS

         Except for the Chapter 128 Creditors' Action, since the date of this
Agreement, there shall not have been commenced or threatened against IIS or
Seller, any Proceeding (a) involving any challenge to, or seeking Damages (as
defined in Section 11.2) or other relief in connection with, any of the
transactions contemplated hereby or (b) that may have the effect of preventing,
delaying, making illegal, imposing limitations or conditions on or otherwise
interfering with any of the transactions contemplated hereby.

7.4      NO CONFLICT

         Neither the consummation nor the performance of any of the transactions
contemplated hereby will, directly or indirectly (with or without notice or
lapse of time), contravene or conflict with or result in a violation of or cause
IIS to suffer any adverse consequence under (a) any applicable Legal Requirement
or Order, or (b) any governmental authorizations or (c) any material contract
(including the Contracts and Reseller Contracts), agreement or credit
arrangement of Seller.

            8. CONDITIONS PRECEDENT TO SELLER'S OBLIGATION TO CLOSE

         Seller's obligation to sell the Purchased Assets and to take the other
actions required to be taken by Seller at the Closing is subject to the
satisfaction, at or prior to the Closing, of each of the following conditions
(any of which may be waived by Seller in its sole discretion in whole or in
part):

8.1      ACCURACY OF REPRESENTATIONS; COVENANTS

         Each of IIS's representations and warranties in this Agreement shall
have been accurate in all material respects as of the date of this Agreement and
shall be accurate in all material respects as of the time of the Closing as if
then made, except that any representations and warranties already qualified by
materiality shall be true and correct in all respects. Each of the covenants and
obligations that IIS is required to perform or to comply with pursuant to this
Agreement at or prior to the Closing shall have been performed and complied with
in all material respects.

                                       25

8.2      ADDITIONAL DOCUMENTS

         IIS shall have caused the documents and instruments required by Section
2.9(b) to be delivered (or tendered subject only to Closing) to Seller and
Anchor.

8.3      NO INJUNCTION

         There shall not be in effect any Legal Requirement or any injunction or
other Order that prohibits the consummation of the transactions contemplated
hereby.

                                 9. TERMINATION

9.1      TERMINATION EVENTS

         By notice given prior to or at the Closing, subject to Section 9.2,
this Agreement may be terminated as follows:

(a)      by IIS if it has not received the Sale Order from the Court by January
         31, 2002 authorizing it to acquire the Purchased Assets from Seller;

(b)      by IIS if a material breach of any provision of this Agreement has
         been committed by GNI, Shareholder or Anchor and such breach has not
         been waived by IIS;

(c)      by Seller if a material breach of any provision of this Agreement has
         been committed by IIS and such breach has not been waived by Seller;

(d)      by IIS if any condition in Section 7 has not been satisfied as of the
         date specified for Closing or if satisfaction of such a condition by
         such date is or becomes impossible (other than through the failure of
         IIS to comply with its obligations under this Agreement), and IIS has
         not waived such condition on or before such date;

(e)      by Seller if any condition in Section 8 has not been satisfied as of
         the date specified for Closing or if satisfaction of such a condition
         by such date is or becomes impossible (other than through the failure
         of Seller or Anchor to comply with their obligations under this
         Agreement), and Seller has not waived such condition on or before such
         date;

(f)      by mutual consent of IIS and GNI;

(g)      by IIS or GNI if the Closing has not occurred on or before February
         28, 2002, or such later date as the parties may agree upon;

(h)      by IIS or GNI if the Court fails to approve the Sale Order;

(i)      by Seller if Closing has not taken place within seven days of entry of
         the Sale Order, unless extended, in writing, by IIS, Seller and
         Anchor; or

(j)      by Anchor if IIS does not provide to Anchor prior to Closing (i) its
         board of directors resolution approving the Subordinated Note and (ii)
         its financial statements contained in

                                       26

         its (x) Form 10-K for the year ended December 31, 2000, and (y) Form
         10-Q's for the quarters ended March 31, 2001, June 30, 2001 and
         September 30, 2001.

9.2      EFFECT OF TERMINATION

         Subject to Section 2.10, this Agreement is terminated pursuant to
Section 9.1, all obligations of the parties under this Agreement will terminate,
except that the obligations of the parties in Section 2.10, Section 11 and
Section 12.1 will survive, provided, however, that, if this Agreement is
terminated because of a breach of this Agreement by the non-terminating party or
because one or more of the conditions to the terminating party's obligations
under this Agreement is not satisfied as a result of the party's failure to
comply with its obligations under this Agreement, the terminating party's right
to pursue all legal remedies will survive such termination unimpaired.

                    10. ADDITIONAL COVENANTS AND AGREEMENTS

10.1     PAYMENT OF ALL TAXES RESULTING FROM SALE OF PURCHASED ASSETS BY SELLER

         GNI and Anchor shall pay in a timely manner all Taxes resulting from or
payable in connection with the sale of the Purchased Assets and other
transactions contemplated by this Agreement, regardless of the Person on whom
such Taxes are imposed by Legal Requirements.

10.2     PAYMENT OF LIABILITIES

         Seller will comply with all orders and procedures set forth by the
Receiver for the payment of Seller's liabilities and will not take any action
contrary the terms and conditions of the Chapter 128 Creditors' Action under any
Legal Requirement or the Wisconsin Statutes.

10.3     ASSISTANCE IN PROCEEDINGS

         Seller, Anchor and Shareholder will reasonably cooperate with IIS and
its counsel in the contest or defense of, and make available its personnel and
provide any testimony and access to its books and records in connection with,
any Proceeding involving or relating to (a) any transaction contemplated
hereunder or (b) any action, activity, circumstance, condition, conduct, event,
fact, failure to act, incident, occurrence, plan, practice, situation, status or
transaction on or before the Closing Date involving Seller or its business.

10.4     CUSTOMER AND OTHER BUSINESS RELATIONSHIPS; COOPERATION

         Effective as of the date of this Agreement, GNI and Shareholder will
assist and cooperate fully with IIS in its efforts to transition, continue and
maintain to or for the benefit of IIS those customer and business relationships
of GNI existing on the date hereof and relating to the business to be operated
by IIS, including without limitation any customer relationships with Transferred
Customers and all other customers, relationships with suppliers, technology
partners, government authorities and others, and GNI and Shareholder will
resolve all transactions and dealings with such parties in a manner that is not
detrimental to any of such future relationships with IIS. Seller and/or
Shareholder will refer to IIS all inquiries relating to such business.

                                       27

Neither GNI, Shareholder, nor any of its or his officers, employees or agents
shall take any action that would tend to diminish the value of such
relationships after the date hereof or that would interfere with the business of
IIS to be engaged in after the date hereof, including disparaging the name or
business of IIS.

10.5     SECURITIES FILINGS

         Seller and Shareholder will cooperate with, and use its best efforts to
cause its accountants, attorneys and other advisors to cooperate with, IIS in
the timely preparation and filing of any financial statements and other reports
that are required to be filed (i) with the United States Securities and Exchange
pursuant to the Securities Act of 1933, as amended, the Securities Exchange Act
of 1934, as amended and the rules and regulations thereto, and (ii) in
accordance with Nasdaq's rules and regulations.

                         11. INDEMNIFICATION; REMEDIES

11.1     SURVIVAL

         All representations, warranties, covenants and obligations in this
Agreement, including the Schedules attached hereto, and the certificates
delivered pursuant to this Agreement shall survive the Closing and the
consummation of the transactions contemplated hereby until the fourth
anniversary of the Closing Date. The right to indemnification, reimbursement or
other remedy based upon such representations, warranties, covenants and
obligations shall not be affected by any investigation (including any
environmental investigation or assessment) conducted with respect to, or any
Knowledge acquired (or capable of being acquired) at any time after the
execution and delivery of this Agreement or the Closing Date, with respect to
the accuracy or inaccuracy of or compliance with any such representation,
warranty, covenant or obligation. The waiver of any condition based upon the
accuracy of any representation or warranty, or on the performance of or
compliance with any covenant or obligation, will not affect the right to
indemnification, reimbursement or other remedy based upon such representations,
warranties, covenants and obligations.

11.2     INDEMNIFICATION AND REIMBURSEMENT BY GNI AND SHAREHOLDER

         GNI and Shareholder will indemnify and hold harmless IIS, and its
representatives, officers, directors, employees, shareholders, subsidiaries and
related persons (collectively, the "IIS Indemnified Persons"), and will
reimburse the IIS Indemnified Persons for any loss, liability, claim, damage,
expense (including costs of investigation and defense and reasonable attorneys'
fees and expenses) or diminution of value, whether or not involving a
third-party claim (collectively, "Damages"), arising from or in connection with:

(a)      any breach of any representation or warranty made by GNI or Shareholder
         in (i) this Agreement, including the Schedules attached hereto, (ii)
         the certificates delivered pursuant to this Agreement (iii) any
         transfer instrument or (iv) any other certificate, document, writing or
         instrument delivered by GNI or Shareholder pursuant to this Agreement;

                                       28

(b)      any breach of any covenant or obligation of GNI or Shareholder in this
         Agreement or in any other certificate, document, writing or instrument
         delivered by GNI and Shareholder pursuant to this Agreement;

(c)      any Liabilities of Seller not expressly assumed by IIS hereunder;

(d)      any Liability arising out of the ownership or operation of the
         Purchased Assets prior to the Closing Date; or

(e)      any Employee Plan established or maintained by Seller.

11.3     INDEMNIFICATION AND REIMBURSEMENT BY IIS

         IIS will indemnify and hold harmless GNI and its representatives,
officers, directors employees, shareholders, subsidiaries, and related persons
(collectively, the "GNI Indemnified Persons"), and will reimburse the GNI
Indemnified Persons, for any Damages arising from or in connection with:

(a)      any breach of any representation or warranty made by IIS in this
         Agreement or in any certificate, document, writing or instrument
         delivered by IIS pursuant to this Agreement;

(b)      any breach of any covenant or obligation of IIS in this Agreement or
         in any other certificate, document, writing or instrument delivered by
         IIS pursuant to this Agreement;

(c)      any Liabilities of Seller expressly assumed by IIS hereunder; or

(d)      any Liability arising out of the ownership or operation of the
         Purchased Assets by IIS from and after the Closing Date, except as
         otherwise provided by this Agreement.

11.4     INDEMNIFICATION AND REIMBURSEMENT BY ANCHOR

         Anchor will indemnify and hold harmless the IIS Indemnified Persons and
will reimburse the IIS Indemnified Persons for any Damages, arising from or in
connection with:

(a)      any breach of any representation or warranty made by Anchor in: (i)
         this Agreement; (ii) any transfer instrument executed by Anchor; or
         (iii) any certificate or schedule executed or delivered to IIS by
         Anchor that are identified on Schedule 3.21(f) delivered at Closing, or
         (y) in any certificate or schedule executed or delivered to IIS by
         Anchor after Closing that states such certificate or schedule is being
         delivered pursuant to Schedule 3.21(f); or

(b)      any breach of any covenant or obligation of Anchor in this Agreement or
         in any certificate or schedule executed or delivered to IIS by Anchor
         that are identified on Schedule 3.21(f) delivered at Closing, or (y) in
         any certificate or schedule executed or delivered to IIS by Anchor
         after Closing that states such certificate or schedule is being
         delivered pursuant to Schedule 3.21(f).

                                       29

                             12. GENERAL PROVISIONS

12.1     EXPENSES

         Each party to this Agreement will bear its respective fees and expenses
incurred in connection with the preparation, negotiation, execution and
performance of this Agreement and the transactions contemplated hereby,
including all fees and expense of its representatives.

         Notwithstanding the previous sentence:

         (i)   IIS will advance $100,000 to Anchor upon execution of this
               Agreement, which upon Closing will be used to offset the cash
               component of the Purchase Price set forth in Section 2.5(a). If
               any party terminates this Agreement pursuant to Sections 9.1(a),
               (b), (d), (e), (f) or (g), then Anchor shall refund the $100,000
               in full to IIS;

         (ii)  Anchor will advance to GNI its transaction expenses that are
               incurred towards the closing of this Agreement, including,
               without limitation, payments made by Anchor pursuant to its
               representation and warranty in Section 3.21(d) and any payment to
               Resource Financial Corporation. Subject to Closing this
               Agreement, the amounts advanced to GNI under this item (ii) will
               be part of the Principal Note Amount (up to but not exceeding
               $100,000). Unless the Closing occurs, IIS will not be liable for
               any amounts advanced by Anchor to GNI under this item (ii), and,
               if the Closing occurs, IIS will only be liable to Anchor for such
               amounts up to $100,000; and

         (iii) Anchor agrees to loan the reasonable operating cash needs of GNI
               until the earlier of (x) the Closing Date, (y) February 28, 2002
               or (z) termination of the Agreement.

12.2     PUBLIC ANNOUNCEMENTS

         Except as required by law or the rules of the stock exchange on which
IIS's shares of common stock are publicly traded, neither party will issue any
press release or make any public announcement concerning the subject of this
Agreement without the prior consent of IIS, which shall not be unreasonably
withheld. With respect to any required disclosures, the disclosing party shall
provide advance copies of any press release or public filing and provide the
non-disclosing party a reasonable opportunity to review and revise such release
or filing.

12.3     NOTICES

         All notices, consents, waivers and other communications required or
permitted by this Agreement shall be in writing and shall be deemed given to a
party when (a) delivered to the appropriate address by hand or by nationally
recognized overnight courier service (costs prepaid); (b) sent by facsimile or
e-mail with confirmation of transmission by the transmitting equipment; or (c)
received or rejected by the addressee, if sent by certified mail, return receipt
requested, in each case to the following addresses, facsimile numbers or e-mail
addresses and marked to the attention of the person (by name or title)
designated below (or to such other

                                       30

address, facsimile number, e-mail address or person as a party may designate by
notice to the other parties):

                  RECEIVER:                 Michael Polsky
                                            Beck, Chaet & Bamberger, S.C.
                                            Two Plaza East, Suite 1085
                                            330 East Kilbourn Avenue
                                            Milwaukee, Wisconsin 53202
                                            Fax No.: 414-273-7786

                  GNI AND
                  SHAREHOLDER:              Goliath Networks, Inc.
                                            1966 South Stoughton Road
                                            Madison, Wisconsin 53716
                                            Attention: Mark E. Bakken
                                            Fax No.: 608-224-0788

                  WITH A COPY  TO:          Kinney & Urban
                                            151 W. Maple
                                            Lancaster, Wisconsin 53813
                                            Attention: Mark Bromley
                                            Fax No.: 608-723-7669

                  WITH A COPY TO:           Neider & Boucher, S.C.
                                            University Research Park
                                            440 Science Drive
                                            P.O. Box 5510
                                            Madison, WI 53705-0510
                                            Attention: Joe Boucher
                                            Fax No.: 608-661-4510

                  ANCHOR:                   AnchorBank, fsb
                                            25 West Main Street
                                            Madison, Wisconsin 53703
                                            Attention: Dave Weimert
                                            Fax No.: 608-252-8882

                  WITH A COPY TO:           Axley Brynelson, LLP
                                            Manchester Place, Suite 200
                                            2 East Mifflin St.
                                            P. O. Box 1767
                                            Madison, Wisconsin 53701-1767
                                            Attention: Patricia M. Gibeault
                                            Fax No.: 608-257-5444

                                       31

                  IIS:                      Integrated Information Systems, Inc.
                                            1480 S. Hohokam Drive,
                                            Tempe, Arizona 85281
                                            Attention: James Garvey, President
                                            Fax No.: 480-317-8997

                  WITH A COPY TO:           Reinhart, Boerner, Van Dueren,
                                            Norris & Rieselbach, S.C.
                                            1000 North Water Street, Suite 2100
                                            Milwaukee, Wisconsin 53202
                                            Attention: Jim Bedore, Esq.
                                            Fax No.: 414-298-8097

                  WITH A COPY TO:           Snell & Wilmer L.L.P
                                            One Arizona Center
                                            400 E. Van Buren Street
                                            Phoenix, Arizona 85004
                                            Attention: Steven Pidgeon, Esq.
                                            Fax No.: 602-382-6070

12.4     ARBITRATION

         Any controversy relating to this Agreement, any transaction
contemplated hereby, or relating to the breach hereof shall be settled by
arbitration in Madison, Wisconsin if there is a Closing or Phoenix, Arizona if
there is no Closing, in each case in accordance with the Commercial Arbitration
Rules of the American Arbitration Association then in effect. The award rendered
by the arbitrator(s) shall be final and judgment upon the award rendered by the
arbitrator(s) may be entered upon it in any court having jurisdiction thereof.
The arbitrator(s) shall possess the powers to issue mandatory orders and
restraining orders concerning such arbitration. The expenses of the arbitration
shall be borne by the losing party unless otherwise allocated by the
arbitrator(s).

12.5     ENTIRE AGREEMENT AND MODIFICATION

         This Agreement supersedes all prior agreements, whether written or
oral, between the parties with respect to its subject matter (including any
letter of intent and any confidentiality agreement between any of IIS, GNI,
Shareholder and Anchor) and constitutes (along with the Schedules and other
documents delivered pursuant to this Agreement) a complete and exclusive
statement of the terms of the agreement between the parties with respect to its
subject matter. This Agreement may not be amended, supplemented, or otherwise
modified except by a written agreement executed by the party to be charged with
the amendment.

12.6     ASSIGNMENTS, SUCCESSORS AND NO THIRD-PARTY RIGHTS

         No party may assign any of its rights or delegate any of its
obligations under this Agreement without the prior written consent of the other
parties, except that IIS may assign any of its rights and delegate any of its
obligations under this Agreement to any subsidiary, successor or acquirer of
IIS. Subject to the preceding sentence, this Agreement will apply to, be binding
in

                                       32

all respects upon and inure to the benefit of the successors and permitted
assigns of the parties. Nothing expressed or referred to in this Agreement will
be construed to give any Person other than the parties to this Agreement any
legal or equitable right, remedy or claim under or with respect to this
Agreement or any provision of this Agreement, except such rights as shall inure
to a successor or permitted assignee pursuant to this Section 12.6.

12.7     GOVERNING LAW

         Except with regard to matters arising under or pertaining to the
Chapter 128 Creditors' Action for which Wisconsin law will govern, this
Agreement will be governed by and construed under the laws of the State of
Arizona without regard to conflicts-of-laws principles that would require the
application of any other law.

               [THE REST OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

                                       33

12.8     EXECUTION OF AGREEMENT

         This Agreement may be executed in one or more counterparts, each of
which will be deemed to be an original copy of this Agreement and all of which,
when taken together, will be deemed to constitute one and the same agreement.
The exchange of copies of this Agreement and of signature pages by facsimile
transmission shall constitute effective execution and delivery of this Agreement
as to the parties and may be used in lieu of the original Agreement for all
purposes. Signatures of the parties transmitted by facsimile shall be deemed to
be their original signatures for all purposes.

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

INTEGRATED INFORMATION SYSTEMS, INC.,    GOLIATH NETWORKS, INC., A WISCONSIN
A DELAWARE CORPORATION                   CORPORATION

By: /s/ James G. Garvey, Jr.             By: Mark E. Bakken

Its: Chief Executive Officer             Its: Chief Executive Officer

                                         /s/ Michael S. Polsky
                                         AS RECEIVER FOR GOLIATH NETWORKS, INC.

                                         EFFECTIVE DATE: December 21, 2001

                                         ANCHORBANK, FSB

                                         By: Dave Weimert
                                         Its: 1st Vice President

                                         /s/ Mark E. Bakken
                                         MARK E. BAKKEN, SHAREHOLDER

                                         /s/ Mark E. Bakken
                                         MARK E. BAKKEN, IN HIS CAPACITY AS A
                                         DIRECTOR OF GNI

                                         /s/ Mark E. Bakken
                                         MARK E. BAKKEN, IN HIS CAPACITY AS AN
                                         OFFICER OF GNI

                                       34

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