Document:

ESCROW AGREEMENT

THIS ESCROW AGREEMENT (the "Escrow Agreement"), is made
and entered into as of January 6, 2000, by and between
CAMBEX CORPORATION, a Massachusetts corporation (the
"Company"), and the Persons listed on the Purchaser
Signature Pages attached hereto (each of whom is
individually referred to as a "Purchaser" and all of
whom collectively are referred to as the "Purchasers"),
and SUNTRUST BANK, ATLANTA, a Georgia banking
corporation, as Escrow Agent hereunder ("Escrow
Agent").

                      BACKGROUND

The Company has engaged Sovereign Capital Advisors,
LLC, a Nevada limited liability company ("Sovereign")
to assist it in locating qualified investors to
purchase up to $2,000,000 in original principal amount
of convertible, secured, Series 1 Bridge Notes of the
Company (the "Securities"), pursuant to a Series 1
Bridge Note Purchase and Security Agreement (the
"Purchase Agreement").  Pursuant to the Purchase
Agreement, Purchasers are required to deliver to Escrow
Agent full payment of the purchase price of the
Securities purchased at the time such Purchasers
execute the Purchase Agreement (the "Escrow Funds").
Escrow Agent shall accept, hold, and disburse the
Escrow Funds deposited with Escrow Agent in accordance
with the terms of this Escrow Agreement.  There is no
minimum amount of Escrow Funds which must be held by
Escrow Agent before the Escrow Agent may disburse
Escrow Funds to the Company pursuant to a Release
Notice meeting all of the terms and conditions set
forth herein.

                       AGREEMENT

For good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the
parties hereto, for themselves, their successors, and
assigns, hereby agree as follows:

Section 1.     Definitions.
The following terms shall have the following meanings
when used herein:
"Cash Investment" means the purchase price of the
Securities to be purchased by any Purchaser as set
forth on the signature page to the Purchase Agreement
executed by such Purchaser.
"Cash Investment Instrument" means a wire transfer of
immediately available funds deposited in the "Cambex
Corporation-Escrow Account," in full payment of the
purchase price of the Securities to be purchased by any
Purchaser as set forth on the signature page to the
Purchase Agreement executed by such Purchaser.
"Escrow Funds" means the Cash Investments deposited
with the Escrow Agent pursuant to this Escrow
Agreement.
"Release Notice" shall mean a written notification, or
written notifications, if more than one, signed by the
Company which shall indicate: (a) the name and address,
the Securities purchased, and the Cash Investment of
each Purchaser, (b) any withdrawal of a subscription by
the Purchaser, (c) any other termination, for whatever
reason, of a subscription, and (d) a closing statement
which identifies the total proceeds from the sale of
the Securities, the fees, reimbursable costs, and
expenses of Sovereign and counsel to Sovereign, and the
instructions for disbursement of the Escrow Fund.

Section 2.     Appointment of and Acceptance by Escrow
Agent.
The Company and Purchasers hereby appoint Escrow Agent
to serve as Escrow Agent hereunder, and Escrow Agent
hereby accepts such appointment in accordance with the
terms of this Escrow Agreement.  The Company agrees
that prior to commencement of the offering to
Purchasers, the Company shall request in writing that
Escrow Agent shall establish the "Cambex Corporation-
Escrow Account," as more particularly described in
Section 3(a) hereto (the "Escrow Account") into which
the Cash Investment Instruments from Purchasers shall
be deposited.  Escrow Agent agrees to establish the
Escrow Account promptly after such request and after
the Escrow Agent shall have received in writing all
information reasonably requested from the Company and
Sovereign.  Escrow Agent is authorized to rely on
written communications from Sovereign concerning all
matters related to this Escrow Agreement, provided,
that Sovereign shall not have the power to waive any
conditions or to modify or amend the terms of this
Escrow Agreement, without express authorization of the
Company or Purchasers and Escrow Agent, as the case may
be.

Section 3.     Deposits into Escrow.
(a)  All Cash Investment Instruments from Purchasers
shall be deposited into the Escrow Account described
below:
            Bank:                SunTrust Bank, Atlanta
            Corporate Trust
            Department ABA       061000104
            Routing No.:
            Center:              008
            Account No.:         9088000008
            Attn:                Rebecca Fischer
            Re:                  Cambex Corporation-
                                 Escrow Account

     ALL  ESCROW  FUNDS DEPOSITED  IN  THE  ESCROW
     ACCOUNT  SHALL  REMAIN THE  PROPERTY  OF  THE
     PURCHASERS   ACCORDING  TO  THEIR  RESPECTIVE
     INTERESTS  AND  SHALL NOT BE SUBJECT  TO  ANY
     LIEN OR CHARGE BY ESCROW AGENT OR BY JUDGMENT
     OR  CREDITORS'  CLAIMS  AGAINST  THE  COMPANY
     UNTIL  RELEASED TO THE COMPANY IN  ACCORDANCE
     WITH SECTION 5 HEREOF.
     (b)  Purchasers will transmit Escrow Funds by
     wire transfer.  Wire transfers are subject to
     collection requirements of presentment and
     final payment.  Escrow Funds in the Escrow
     Account cannot be drawn upon or disbursed
     until such time as final payment has been
     made and all of the wire transfers are no
     longer subject to dishonor.  Upon receipt,
     Escrow Agent shall process each Cash
     Investment Instrument for collection, and the
     proceeds thereof shall be held as part of the
     Escrow Funds until disbursed in accordance
     with Section 5 hereof.  If, upon presentment
     for payment, any Cash Investment Instrument
     is dishonored, Escrow Agent's sole obligation
     shall be to notify the Company of such
     dishonor and to return such Cash Investment
     Instrument to Purchaser.  Notwithstanding the
     foregoing, if for any reason any Cash
     Investment Instrument is uncollectible after
     payment of the Escrow Funds represented
     thereby has been made by Escrow Agent in
     accordance with this Escrow Agreement, the
     Company shall immediately reimburse Escrow
     Agent upon receipt from Escrow Agent of
     written notice thereof.
     (c)  All Cash Investment Instruments shall be
     immediately available Escrow Funds sent by
     wire transfer to the Escrow Account and
     Escrow Agent shall not be obligated to
     accept, or present for payment, any Cash
     Investment Instrument that is not payable in
     that manner.

Section 4.     Other Information to be furnished to
Escrow Agent.
The Company shall, on the date hereof, provide to
Escrow Agent the name, taxpayer identification number,
address, and such other information as may be required
for withholding and reporting purposes such as either
U.S. Treasury Department Form W-9 or another applicable
form, e.g., W-8 for each Purchaser.

Section 5.     Disbursements of Escrow Funds.
     (a)  Release Notice Upon Completion of
     Offering.  Subject to the provisions of
     Section 13 hereof, Escrow Agent shall
     disburse the amounts in the Escrow Account as
     directed in a Release Notice, by wire
     transfer, promptly after receipt of a Release
     Notice from Company.  Notwithstanding the
     foregoing Escrow Agent shall not be obligated
     to disburse the Escrow Funds if Escrow Agent
     has grounds to believe that (a) Cash
     Investment Instruments have not been
     received, deposited with, and collected by
     the Escrow Agent in an amount at least equal
     to the amount specified in the Release Notice
     or (b) the Release Notice is materially
     incorrect or incomplete.
     (b)  Rejection of any Subscription or
     Termination of the Offering.  No later than
     fifteen (15) business days after receipt by
     Escrow Agent of written notice (i) from the
     Company or Sovereign that the Company intends
     to reject a Purchaser's subscription, or (ii)
     from the Company or Sovereign that there will
     be no closing of the sale of Securities to
     Purchasers, Escrow Agent shall pay to the
     applicable Purchasers, by certified or bank
     check sent by first class mail, the amount of
     the Cash Investment paid by each Purchaser,
     without interest or deduction.
     (c)  Expiration of Offering Period.
     Notwithstanding anything to the contrary
     contained herein, if Escrow Agent shall not
     have received a Release Notice for the First
     Closing on or before January 30, 2000, and a
     Release Notice for the final closing on or
     before March 1, 2000, Escrow Agent shall,
     within fifteen (15) business days after each
     such date and without any further instruction
     or direction from Sovereign or the Company,
     return to each Purchaser, by certified or
     bank check sent by first class mail, all
     their respective Cash Investments then held
     by Escrow Agent.

Section 6.     Provisions for Benefit of Escrow Agent.
     (a)  Escrow Agent undertakes to perform only
     such duties as are expressly set forth
     herein, and no additional duties or
     obligations shall be implied hereunder.  In
     performing its duties under this Escrow
     Agreement, or upon the claimed failure to
     perform any of its duties hereunder, Escrow
     Agent shall not be liable to anyone for any
     damages, losses, or expenses which may be
     incurred as a result of Escrow Agent so
     acting or failing to so act; provided
     however, Escrow Agent shall not be relieved
     from liability for damages arising out of its
     proven gross negligence or willful misconduct
     under this Escrow Agreement.  Escrow Agent
     shall in no event incur any liability with
     respect to (i) any action taken or omitted to
     be taken in good faith upon advice of legal
     counsel, which may be counsel to any party
     hereto, given with respect to any question
     relating to the duties and responsibilities
     of Escrow Agent hereunder, or (ii) any action
     taken or omitted to be taken in reliance upon
     any in instrument delivered to Escrow Agent
     and believed by it to be genuine and to have
     been signed or presented by the proper party
     or parties.  Escrow Agent shall not be bound
     in any way by any agreement or contract
     between the Company and Purchaser, whether or
     not Escrow Agent has knowledge of any such
     agreement or contract.
     (b)  The Company and Purchasers each warrant
     to and agree with Escrow Agent that, unless
     otherwise expressly set forth in this Escrow
     Agreement, there is no security interest in
     the Escrow Funds or any part of the Escrow
     Account; no financing statement under the
     Uniform Commercial Code of any jurisdiction
     is on file in any jurisdiction claiming a
     security interest in or describing, whether
     specifically or generally, the Escrow Funds
     or any part of the Escrow Funds; and the
     Escrow Agent shall have no responsibility at
     any time to ascertain whether or not any
     security interest exists in the Escrow Funds
     or any part of the Escrow Funds or to file
     any financing statement under the Uniform
     Commercial Code of any jurisdiction with
     respect to the Escrow Funds or any part
     thereof.

Section 7.     Suspension of Performance or
Disbursement Into Court.
     (a)  As an additional consideration for and
     as an inducement for Escrow Agent to act
     hereunder, it is understood and agreed that,
     in the event of any disagreement between the
     parties to this Escrow Agreement or among
     them or any other person(s) resulting in
     adverse claims and demands being made in
     connection with or for any money or other
     property involved in or affected by this
     Escrow Agreement, Escrow Agent shall be
     entitled to refuse to comply with the demands
     of such parties, or any of such parties, so
     long as such disagreement shall continue.  In
     such event, Escrow Agent shall make no
     delivery or other disposition of the Escrow
     Funds or any part of such Escrow Funds.
     Anything herein to the contrary
     notwithstanding, Escrow Agent shall not be or
     become liable to such parties or any of them
     for the failure of Escrow Agent to comply
     with the conflicting or adverse demands of
     such parties or any of such parties.  Escrow
     Agent shall be entitled to continue to
     refrain and refuse to deliver or otherwise
     dispose of the Escrow Funds or any part
     thereof or to otherwise act hereunder, as
     stated above, unless and until: (a) the
     rights of such parties have been finally
     settled by binding arbitration or duly
     adjudicated in a court having jurisdiction of
     the parties and the Escrow Funds and Escrow
     Agent shall have received written notice
     thereof or (b) the parties have reached an
     agreement resolving their differences and
     have notified Escrow Agent in writing of such
     agreement and have provided Escrow Agent with
     indemnity satisfactory to Escrow Agent
     pursuant to Section 12 hereof against any
     liability, claims, or damages resulting from
     compliance by Escrow Agent with such
     agreement.
     (b)  In the event of a disagreement between
     such parties as described above, Escrow Agent
     shall have the right, in addition to the
     rights described above and at the option of
     Escrow Agent, to tender into the registry or
     custody of any court having jurisdiction, all
     money and property comprising the Escrow
     Account and may take such other legal action
     as may be appropriate or necessary, in the
     opinion of Escrow Agent or its counsel.  Upon
     such tender, the parties hereto agree that
     Escrow Agent shall be discharged from all
     further duties under this Escrow Agreement;
     provided however, that the filing of any such
     legal proceedings shall not deprive Escrow
     Agent of its compensation hereunder earned
     prior to such filing and discharge of Escrow
     Agent of its duties hereunder.
     (c)  Escrow Agent shall have no liability to
     Sovereign, the Company, any Purchaser, or any
     other person with respect to any such
     suspension of performance or disbursement
     into court, specifically including any
     liability or claimed liability that may
     arise, or be alleged to have arisen, out of
     or as a result of any delay in the
     disbursement of Escrow Funds held in the
     Escrow Account or any delay in or with
     respect to any other action required or
     requested of Escrow Agent.
     (d)  The parties hereto agree that, in the
     event any controversy arises under or in
     connection with this Escrow Agreement or the
     Escrow Funds, or Escrow Agent is made a party
     to or intervenes in any litigation pertaining
     to this Escrow Agreement or the Escrow Funds,
     to pay to Escrow Agent reasonable
     compensation for its extraordinary services
     and to reimburse Escrow Agent for all costs
     and expenses associated with such controversy
     or litigation.
     (e)  Escrow Agent shall have no obligation to
     take any legal action in connection with this
     Escrow Agreement or towards its enforcement,
     or to appear in, prosecute, or defend any
     action or legal proceeding which would or
     might involve it in any cost, expense, loss,
     or liability unless security and indemnity,
     as provided in Section 12 hereof shall be
     furnished.

Section 8.     Investment of Escrow Funds.
Escrow Agent shall not invest or reinvest the Escrow
Funds.  The parties to this Escrow Agreement
acknowledge that no interest shall accrue or be paid
with respect to the Escrow Funds.

Section 9.     Removal of Escrow Agent.
Escrow Agent may be removed, with or without cause, by
the Company and all Purchasers, acting jointly, in
writing, at any time by the giving of thirty (30) days
prior written notice to Escrow Agent.  Such removal
shall take effect upon the appointment of a successor
escrow agent as provided hereinbelow.  Upon any such
notice of removal, the Company shall appoint a
successor escrow agent hereunder, which shall be a
commercial bank, trust company, or other financial
institution with a combined capital and surplus in
excess of $100,000,000.  Upon the acceptance in writing
of any appointment as Escrow Agent hereunder by a
successor escrow agent, such successor escrow agent
shall thereupon succeed to, and become vested with, all
the rights, powers, privileges, and duties of the
retiring Escrow Agent, and the retiring Escrow Agent
shall be discharged from its duties and obligations
under this Escrow Agreement.  After any retiring Escrow
Agent's removal, the provisions of this Escrow
Agreement shall inure to its benefit as to any actions
taken or omitted to be taken by it while it was Escrow
Agent under this Escrow Agreement.

Section 10.    Resignation of Escrow Agent.
Escrow Agent may resign at any time from its
obligations under this Escrow Agreement by providing
written notice to the parties hereto.  Such resignation
shall be effective on the date set forth in such
written notice which shall be no earlier than 20 days
after such written notice has been given.  In the event
no successor escrow agent has been appointed on or
prior to the date such resignation is to become
effective, Escrow Agent shall be entitled to tender
into the custody of a court of competent jurisdiction
all assets then held by it hereunder and shall
thereupon be relieved of all further duties and
obligations under this Escrow Agreement.  Escrow Agent
shall have no responsibility for the appointment of a
successor escrow agent hereunder.  After Escrow Agent's
resignation the provisions of this Escrow Agreement
shall inure to its benefit as to any actions taken or
omitted to be taken by it while it was escrow agent
under this Escrow Agreement.

Section 11.    Liability of Escrow Agent.
     (a)  Escrow Agent's sole responsibility shall
     be for the safekeeping and disbursement of
     the Escrow Funds in accordance with the terms
     of this Escrow Agreement.  Escrow Agent shall
     have no implied duties or obligations and
     shall not be charged with knowledge or notice
     of any fact or circumstance not specifically
     set forth herein.
     (b)  Escrow Agent shall not be liable for any
     error of judgment, or for any act done or
     step taken or omitted by it in good faith, or
     for any mistake of fact or law, or for
     anything which it may do or refrain from
     doing in connection herewith, except for its
     own gross negligence or willful misconduct.
     (c)  In no event shall Escrow Agent be liable
     for incidental, indirect, special,
     consequential, or punitive damages.  Escrow
     Agent shall not be obligated to take any
     legal action or commence any proceeding in
     connection with the Escrow Funds or the
     Escrow Account in which Escrow Funds are
     deposited or this Escrow Agreement, or to
     appear in, prosecute, or defend any such
     legal action or proceeding.  Without limiting
     the generality of the foregoing, Escrow Agent
     shall not be responsible for or required to
     enforce any of the terms or conditions of any
     Purchase Agreement with any Purchaser or any
     other agreement between the Company,
     Sovereign, and/or any Purchaser.  Escrow
     Agent shall not be responsible or liable in
     any manner for the performance by the Company
     or any Purchaser of their respective
     obligations under any Purchase Agreement nor
     shall Escrow Agent be responsible or liable
     in any manner for the failure of the Company,
     Sovereign, or any third party (including any
     Purchaser) to honor any of the provisions of
     this Escrow Agreement.  Escrow Agent may
     consult legal counsel selected by it in the
     event of any dispute or question as to the
     construction of any of the provisions hereof
     or of any other agreement or of its duties
     hereunder, and shall incur no liability and
     shall be fully indemnified pursuant to
     Section 12 hereof from any liability
     whatsoever in acting in accordance with the
     opinion or instruction of such counsel.  The
     Company shall promptly pay, upon demand, the
     reasonable fees and expenses of any such
     counsel.
     (d)  Escrow Agent is authorized to comply
     with orders issued or process entered by any
     court with respect to the Escrow Funds,
     without determination by the Escrow Agent of
     such court's jurisdiction in the matter.  If
     any portion of the Escrow Funds is at any
     time attached, garnished, or levied upon
     under any court order, or in case the
     payment, assignment, transfer, conveyance, or
     delivery of any such property shall be stayed
     or enjoined by any court order, or in case
     any order, judgment, or decree shall be made
     or entered by any court affecting such
     property or any part thereof, then and in any
     such event, the Escrow Agent is authorized,
     in its sole discretion, to rely upon and
     comply with any such order, writ, judgment,
     or decree without the need for appeal or
     other action; and if the Escrow Agent
     complies with any such order, writ, judgment,
     or decree, it shall not be liable to any of
     the parties hereto or to any other person or
     entity by reason of such compliance even
     though such order, writ, judgment, or decree
     may be subsequently reversed, modified,
     annulled, set aside, or vacated.

Section 12.    Indemnification of Escrow Agent.
The Company and Purchasers jointly and severally agree
to indemnify Escrow Agent and it officers, directors,
employees, and agents and save Escrow Agent and its
officers, directors, employees, and agents harmless
from and against any and all Claims (as hereinafter
defined) and Losses (as hereinafter defined) which may
be incurred by Escrow Agent or any of such officers,
directors, employees, or agents as a result of Claims
asserted against Escrow Agent or any of such officers,
directors, employees, or agents as a result of or in
connection with Escrow Agent's capacity as such under
this Escrow Agreement by any person or entity.  For the
purposes hereof the term "Claims" shall mean all
claims, lawsuits, causes of action, or other legal
actions and proceedings of whatever nature brought
against (whether by way of direct action, counterclaim,
cross action, or impleader) Escrow Agent or any such
officer, director, employee, or agent, even if
groundless, false, or fraudulent, so long as the claim,
lawsuit, cause of action, or other legal action or
proceeding is alleged or determined, directly or
indirectly, to arise out of, result from, relate to, or
be based upon, in whole or in part:  (a) the acts or
omissions of the Company or Purchasers, (b) the
appointment of Escrow Agent as escrow agent under this
Escrow Agreement, or (c) the performance by Escrow
Agent of its powers and duties under this Escrow
Agreement; and the term "Losses" shall mean losses,
costs, damages, expenses, judgments, and liabilities of
whatever nature (including, but not limited to,
attorneys', accountants', and other professionals'
fees, litigation, and court costs and expenses and
amounts paid in settlement), directly or indirectly
resulting from, arising out of, or relating to one or
more Claims.  Upon the written request of Escrow Agent
or any such officer, director, employee, or agent (each
referred to hereinafter as an "Indemnified Party"), the
Company and Purchasers jointly and severally agree to
assume the investigation and defense of any Claim,
including the employment of counsel acceptable to the
applicable Indemnified Party and the payment of all
expenses related thereto and, notwithstanding any such
assumption, the Indemnified Party shall have the right,
and the Company and Purchasers jointly and severally
agree to pay the cost and expense thereof, to employ
separate counsel with respect to any such Claim and
participate in the investigation and defense thereof in
the event that such Indemnified Party shall have been
advised by counsel that there may be one or more legal
defenses available to such Indemnified Party which are
different from or additional to these available to
either the Company or Purchasers.  The Company and
Purchasers hereby agree that the indemnifications and
protections afforded Escrow Agent in this section shall
survive the termination of the Escrow Agreement or the
resignation, removal, or effective resignation of
Escrow Agent pursuant to Section 7(b) hereof.

Section 13.    Compensation to Escrow Agent.
The Company agrees to pay Escrow Agent for its ordinary
services hereunder, the fees determined in accordance
with and payable as specified in the Schedule of Fees
set forth in Exhibit A attached hereto and made a part
hereof.  In addition, the Company agrees to pay to
Escrow Agent its expenses incurred in connection with
this Escrow Agreement including, but not limited to,
the reasonable cost of legal services in the event
Escrow Agent reasonably deems it necessary to retain
counsel.  Such expenses shall be paid to Escrow Agent
within 30 days following receipt by the parties hereto
of a written statement setting forth such expenses.  As
security for all fees and expenses of Escrow Agent
hereunder and any and all losses, claims, damages,
liabilities, and expenses incurred by Escrow Agent in
connection with its acceptance of appointment hereunder
or with the performance of its obligations under this
Escrow Agreement and to secure the obligation of the
parties hereto to indemnify Escrow Agent as set forth
in Section 12 hereof, Escrow Agent is hereby granted a
security interest in and a lien upon the Escrow Funds,
which security interest and lien shall be prior to all
other security interests, liens, or claims against the
Escrow Funds or any part thereof.

Section 14.    Representations and Warranties.
     (a)  The Company makes the following
     representations and warranties to Escrow
     Agent:

              (i)  The Company is a corporation duly
         organized, validly existing, and in good
         standing under the laws of the Commonwealth
         of Massachusetts, and has full power and
         authority to execute and deliver this Escrow
         Agreement and to perform its obligations
         hereunder.

              (ii) This Escrow Agreement has been duly
         approved by all necessary corporate action of
         the Company, including any necessary
         shareholder approval, has been executed by
         duly authorized officers of the Company, and
         constitutes a valid and binding agreement of
         the Company, enforceable in accordance with
         its terms; provided however, that
         enforceability is subject to:  (a) applicable
         bankruptcy, reorganization, insolvency,
         moratorium, fraudulent conveyance, and
         similar federal and state laws affecting the
         rights and remedies of creditors generally,
         and (b) general principles of equity limiting
         the availability of equitable remedies
         (including but not limited to the remedy of
         specific performance), whether considered in
         a proceeding at law or in equity.

              (iii)     The execution, delivery, and
         performance by the Company of this Escrow
         Agreement will not violate, conflict with, or
         cause a default under, the certificate of
         incorporation or bylaws of the Company, any
         applicable law or regulation, any court order
         or administrative ruling or decree to which
         the Company is a party or any of its property
         is subject, or any agreement, contract,
         indenture, or other binding arrangement to
         which the Company is a party or any of its
         property is subject.

              (iv) No party other than the parties
         hereto and the prospective Purchasers have
         any lien or claim against, or security
         interest in, the Escrow Funds or any part
         thereof.  No financing statement under the
         Uniform Commercial Code is on file in any
         jurisdiction claiming a security interest in
         or describing (whether specifically or
         generally) the Escrow Funds or any part
         thereof.

              (v)  The Company hereby acknowledges
         that the status of Escrow Agent is that of
         agent only for the limited purposes set forth
         herein, and hereby represents and covenants
         that no representation or implication shall
         be made that the Escrow Agent has
         investigated the desirability or advisability
         of investment in the Securities or has
         approved, endorsed, or passed upon the merits
         of the investment therein and that the name
         of the Escrow Agent has not and shall not be
         used in any manner in connection with the
         offer or sale of the Securities other than to
         state that the Escrow Agent has agreed to
         serve as escrow agent for the limited
         purposes set forth herein.

              (vi) All of the representations and
         warranties of the Company contained herein
         are true and complete as of the date hereof.
     (b)  Each Purchaser makes the following
     representations and warranties to Escrow
     Agent:

              (i)  Purchaser has full power and
         authority to execute and deliver this Escrow
         Agreement, the Transaction Documents, and to
         perform its obligations hereunder.

              (ii) This Escrow Agreement and the
         Transaction Documents have been duly approved
         by all necessary action of Purchaser,
         including any necessary shareholder approval,
         has been executed by persons duly authorized
         by Purchaser, and constitutes a valid and
         binding agreement of Purchaser, enforceable
         in accordance with its terms.

              (iii)     The execution, delivery, and
         performance by Purchaser of this Escrow
         Agreement will not violate, conflict with, or
         cause a default under, the organizational or
         governing documents of Purchaser, any
         applicable law or regulation, any court order
         or administrative ruling or decree to which
         Purchaser is a party or any of its property
         is subject, or any agreement, contract,
         indenture, or other binding arrangement to
         which Purchaser is a party or any of its
         property is subject.

              (iv) Purchaser hereby acknowledges that
         the status of Escrow Agent is that of agent
         only for the limited purposes set forth
         herein, and hereby represents and covenants
         that no representation or implication shall
         be made that the Escrow Agent has
         investigated the desirability or advisability
         of investment in the Securities or has
         approved, endorsed, or passed upon the merits
         of the investment therein and that the name
         of the Escrow Agent has not and shall not be
         used in any manner in connection with the
         offer or sale of the Securities other than to
         state that the Escrow Agent has agreed to
         serve as escrow agent for the limited
         purposes set forth herein.

              (v)  All of the representations and
         warranties of Purchaser contained herein and
         in the Transaction Documents are true and
         complete as of the date hereof and will be
         true and complete at the time of any deposit
         to or disbursement from the Escrow Account.

Section 15.    Consent to Jurisdiction and Venue.
In the event that the Company and Escrow Agent hereto
commence a lawsuit or other proceeding relating to or
arising from this Escrow Agreement, the Company and
Escrow Agent hereto agree that the United States
District Court for the Northern District of Georgia
shall have the sole and exclusive jurisdiction over any
such proceeding.  If such court lacks federal subject
matter jurisdiction, the Company and Escrow Agent agree
that the Superior Court of Fulton County, Georgia
shall have sole and exclusive jurisdiction.  Any of
these courts shall be proper venue for any such lawsuit
or judicial proceeding and the Company and Escrow Agent
waive any objection to such venue.  The Company and
Escrow Agent consent to and agree to submit to the
jurisdiction of any of the courts specified herein and
agree to accept service or process to vest personal
jurisdiction over them in any of these courts.  It is
the intention of the parties to this Escrow Agreement
that the situs of the Escrow Account created by this
Escrow Agreement be, and that it be administered in the
state in which the principal office of the Escrow Agent
is located from time to time acting hereunder.

Section 16.    Notice.
All notices and other communications hereunder shall be
in writing and shall be deemed to have been validly
served, given, or delivered five (5) days after deposit
in the United States mails, by certified mail with
return receipt requested and postage prepaid, when
delivered personally, one (1) day after delivery to any
overnight courier, or when transmitted by facsimile
transmission facilities (with machine generated receipt
confirmation), and addressed to the party to be
notified as follows:
     If to the Company at:
                         Cambex Corporation
                         360 Second Avenue
                         Boston, Massachusetts 01254
                         Attention: Peter Kruy,
                         Executive Vice President
                         Tel: (781) 890-6000
                         Fax: (781) 890-2899
                         Tax ID #04-442959
     If to Sovereign at:
                         Sovereign Capital Advisors,
                         LLC
                         3340 Peachtree Road, NE
                         Suite 2265
                         Atlanta, Georgia 30326
                         Attention: Paul D. Hamm
                         Tel: (404) 814-3737
                         Fax: (404) 812-3738
     If to the Escrow Agent at:
                         SunTrust Bank, Atlanta
                         Corporate Trust Division
                         25 Park Place
                         24th Floor
                         Atlanta, GA  30303
                         Attn:  Rebecca Fischer
                         Telephone:  (404) 588-7262
                         Telecopier:  (404) 588-7335
     If to Purchaser at:
                         The address set forth on the
                         counterpart signature page
                         hereto
                         or to such other address as
                         each party may designate for
                         itself by like notice.

Section 17.    Amendment Waiver, etc.
This Escrow Agreement may be changed, waived,
discharged, or terminated only by a writing signed by
the Company, Purchasers, and Escrow Agent.  No delay or
omission by any party in exercising any right with
respect hereto shall operate as a waiver.  A waiver on
any one occasion shall not be construed as a bar to, or
waiver of, any right or remedy on any future occasion.
No waiver, modification, amendment, termination, or
rescission of this Escrow Agreement shall be effective
or binding upon Escrow Agent unless Escrow Agent shall
have specifically consented thereto in writing.

Section 18.    Severability.
To the extent any provision of this Escrow Agreement is
prohibited by or invalid under applicable law, such
provision shall be ineffective to the extent of such
prohibition or invalidity, without invalidating the
remainder of such provision or the remaining provisions
of this Escrow Agreement.

Section 19.    Governing Law.
This Escrow Agreement shall be construed and
interpreted in accordance with the internal laws of the
State of Georgia without giving effect to the
principles or rules governing conflict of laws.

Section 20.    Entire Agreement.
This Escrow Agreement constitutes the entire agreement
among the parties relating to the acceptance,
collection, holding, and disbursement of the Escrow
Funds and sets forth in their entirety the obligations
and duties of the Escrow Agent with respect to the
Escrow Funds.

Section 21.    Binding Effect.
All of the terms of this Escrow Agreement, as amended
from time to time, shall be binding upon, inure to the
benefit of and be enforceable by the respective
successors and assigns of the Company, Purchasers, and
Escrow Agent.

Section 22.    Execution in Counterparts.
This Escrow Agreement may be executed in two or more
counterparts, which when so executed shall constitute
one and the same agreement.

Section 23.    Termination.
Upon the first to occur of the disbursement of all
amounts in the Escrow Account or deposit of all amounts
in the Escrow Account into court pursuant to Section 7
hereof, this Escrow Agreement shall terminate and
Escrow Agent shall have no further obligation or
liability whatsoever with respect to this Escrow
Agreement or the Escrow Funds.
IN WITNESS WHEREOF, the parties hereto have caused this
Escrow Agreement to be executed under seal as of the
date first above written.

[Remainder of page intentionally left blank; signatures
                  on following pages]

                COMPANY SIGNATURE PAGE
                          TO
                   ESCROW AGREEMENT

IN WITNESS WHEREOF, the Company hereto has caused this
Escrow Agreement to be executed under seal as of the
date first above written.

                                   THE COMPANY:

                                   CAMBEX CORPORATION

                                   By: /s/ Peter Kruy

                                   Name: Peter Kruy

                                   Title: Executive
                                   V.P.

              ESCROW AGENT SIGNATURE PAGE
                          TO
                   ESCROW AGREEMENT

IN WITNESS WHEREOF, the Escrow Agent hereto has caused
this Escrow Agreement to be executed under seal as of
the date first above written.

                                   ESCROW AGENT:

                                   SunTrust Bank,
                                   Atlanta
                                   as Escrow Agent

                                   By: /s/ Rebecca
                                   Fischer

                                   Its: Trust Officer

         [Purchaser Signature Pages Attached]
               PURCHASER SIGNATURE PAGE
                          TO
                   ESCROW AGREEMENT

IN WITNESS WHEREOF, the Purchaser hereto has caused
this Escrow Agreement to be executed under seal as of
the date first above written.

                                   PURCHASER

                                   Purchaser Name:
                                   SovCap Equity
                                   Partners, Ltd.

                                   By: /s/ Barry
                                   W.Herman

                                   Name:  Barry
                                     W.Herman

                                   Title: Director

Purchaser Name      SovCap Equity Partners, Ltd.
("Purchaser")
Address and         Cumberland House
Facsimile Number
                    #27 Cumberland Street

                    P.O. Box CB - 13016

                    Nassau, New Providence

                    The Bahamas

                    242-356-0037

Principal Amount
of Bridge Notes     $1,500,000.00 - Cambex Corporation
Purchased

Purchaser's Legal
Counsel
Address and         Balboni Law Group, L.L.C.
Facsimile Number
                    3475 Lenox Road, Suite 990

                    Atlanta, GA 30326

                    404-812-3101

               PURCHASER SIGNATURE PAGE
                          TO
                   ESCROW AGREEMENT

IN WITNESS WHEREOF, the Purchaser hereto has caused
this Escrow Agreement to be executed under seal as of
the date first above written.

                                   PURCHASER

                                   By: /s/ Jan Telander

                                   Name:  Jan Telander

                                   Title: Director

Purchaser Name      Correllus International Ltd.
("Purchaser")
Address and         c/o EIG Corporate Finance Services
Facsimile Number
                    Edificio Marina Marbella, 6B

                    Avenida Sever Olhoa 28

                    29600 Marbella, Spain

                    +34-952-858-068

Securities
Purchased           Series I Bridge Note

Purchase Price      US$ 250,000.00

Purchaser's Legal
Counsel
Address and         Per Ronnstrom.
Facsimile Number
                    Box 7315

                    SE-10390 Stockholm, Sweden

                    Fax: +46-8-796-8223

               PURCHASER SIGNATURE PAGE
                          TO
                   ESCROW AGREEMENT

IN WITNESS WHEREOF, the Purchaser hereto has caused
this Escrow Agreement to be executed under seal as of
the date first above written.

                                   PURCHASER

                                   Purchaser Name:
                                   SovCap Equity
                                   Partners, Ltd.

                                   By: /s/ Barry
                                   W.Herman

                                   Name:  Barry
                                     W.Herman

                                   Title: President

Purchaser Name      SovCap Equity Partners, Ltd.
("Purchaser")
Address and         Cumberland House
Facsimile Number
                    #27 Cumberland Street

                    P.O. Box N-10818

                    Nassau, New Providence

                    The Bahamas

                    242-356-0037

Securities
Purchased

Purchase Price      $100,000.00

Purchaser's Legal
Counsel
Address and
Facsimile Number

               PURCHASER SIGNATURE PAGE
                          TO
                   ESCROW AGREEMENT

IN WITNESS WHEREOF, the Purchaser hereto has caused
this Escrow Agreement to be executed under seal as of
the date first above written.

                                   PURCHASER

                                   By: /s/ A. De
                                   Nazareth

                                   Name:  A. De
                                     Nazareth

                                   Title: Co. Secretary

Purchaser Name      Arab Commerce Bank Ltd
("Purchaser")
Address and         P.O. Box 309
Facsimile Number
                    Grand Cayman

                    Cayman Islands

                    0171 437 2413 (London)

Securities
Purchased           $150,000.00

Purchase Price      $150,000.00

Purchaser's Legal
Counsel
Address and
Facsimile Number

                       EXHIBIT A
                          TO
                   ESCROW AGREEMENT

                   Schedule of Fees
Schedule of Fees:
Escrow Fee          $2,000.00
Wire Transfer Fee          10.00 per wirePLACEMENT AGENT AGREEMENT

THIS PLACEMENT AGENT AGREEMENT ("Agreement"), made as
of the 18th day of January, 2000, by and between CAMBEX
CORPORATION, a Massachusetts corporation (the
"Company"), and SOVEREIGN CAPITAL ADVISORS, LLC, a
Nevada limited liability company (the "Agent").

                      BACKGROUND

The Company proposes to issue and sell its Series 1
Convertible Bridge Notes (the "Securities") resulting
in gross proceeds to the Company of up to $2,000,000
(the "Offering"), in a transaction not involving a
public offering and without registration under the
Securities Act of 1933, as amended (the "Act"),
pursuant to exemptions from the registration
requirements of the Act under Section 4(2) of the Act
and Regulation D promulgated under the Act ("Regulation
D").  Agent has offered to assist the Company to
structure the Offering and the Securities, and to
introduce the Company to prospective investors on a
"best efforts basis."  The Company desires to secure
the services of Agent on the terms and conditions
hereinafter set forth.

                       AGREEMENT

For and in consideration of the mutual covenants
herein, and other good and valuable consideration, the
receipt and legal sufficiency of which is hereby
acknowledged, the parties hereto agree:

Section 1.     Engagement of Agent.

Section 1.1    Appointment.
The Company hereby appoints Agent as its exclusive
agent in connection with the proposed issuance and sale
by the Company of securities resulting in gross
proceeds to the Company of up to $2,000,000.  Agent, on
the basis of the representations and warranties herein
contained, and upon and subject to the terms and
conditions herein set forth, accepts such appointment.
This appointment shall be irrevocable for the period
commencing January 1, 2000 and ending January 20, 2000,
which period maybe extended by the consent of the
Company and Agent (the "Offering Period").

Section 1.2    Compensation.
The Company shall pay Agent a finder's fee of ten
percent (10%) of the gross proceeds derived from the
offer, sale, and issuance of the Securities or any
other securities issued by the Company issued by the
Company during the Offering Period (the "Gross
Proceeds") plus a combined accountable and non-
accountable expense allowance of two percent (2%) of
the Gross Proceeds. The Company agrees that the amount
of such fees and expenses shall be deducted by Escrow
Agent from the proceeds of the issuance and sale of the
Securities.

Section 1.3    Reimbursement of Expenses.
The Company agrees to pay the expenses of Agent
including the fees and expenses of counsel to Agent for
the preparation of the Transaction Agreements in
accordance with the Purchase Agreement, and the fees
and expenses of the Escrow Agent in accordance with the
Escrow Agreement in accordance with the fees provided
for therein.  The Company agrees that the amount of
such fees and expenses shall be deducted by Escrow
Agent from the proceeds of the issuance and sale of the
Securities.

Section 1.4    Limited Role of Agent.
Agent has acted only as an advisor to the Company,
Agent has advised the Company on the structure of the
Offering and Securities, and has identified potential
investors.  The Company has offered the Securities to
the investors and has negotiated directly with the
investors in the Offering.  Agent will use best efforts
to introduce the Company only to "accredited investors"
as defined in Regulation D.  Wherever possible Agent
will introduce the Company to prospective investors who
are not "U.S. Persons," as defined in Regulation S.

Section 1.5    Right of First Refusal.
The Company hereby grants Agent a right of first
refusal to act as placement agent for any future
private financings of the Company, whether of equity
securities, convertible debt securities, or securities
or instruments convertible into or exchangeable for
debt or equity securities of the Company, or similar
transactions.  This right of first refusal shall only
apply to future financings in which the offering,
conversion, or exchange price per share under such
future financings is equal to or less than the
Conversion Price stated in the Bridge Notes.  The
duration of Agent's right of first refusal under this
Section 1.5 shall be for a period of one (1) year
following the final Closing of the Offering.  In the
event that the Company wishes to undertake a
transaction described in this Section 1.5, the Company
shall send Agent a written notice of the proposed
transaction (whether the transaction is initiated by
the Company or is offered to the Company by a third
party) in sufficient specificity to allow Agent to
understand the proposed transaction clearly.  This
notice must be delivered to Agent at least twenty days
prior to the proposed closing of the transaction.
Agent shall have ten days from receipt of that notice
to determine whether or not it wishes to exercise its
right of first refusal with respect to that
transaction.  Agent shall notify the Company in writing
of its decision to exercise or waive its right of first
refusal with respect to the transaction described in
the notice.  If Agent waives its right of first refusal
with respect to a particular transaction, the Company
may proceed with that transaction, provided however,
that if the terms of the transaction are changed in any
material way from the terms set forth in the notice to
Agent, Agent's right of first refusal shall commence
again.  Agent's waiver of its rights of first refusal
with respect to any specific transaction shall not act
as a waiver of its rights with respect to future
transactions within the applicable time period.

Section 1.6    Confidentiality.
The Company agrees to maintain the confidentiality of
all prospective investors identified to the Company by
Agent, except as required by applicable law.  For a
period of two (2) years from the Closing, the Company
will not solicit or enter into any financing
transaction with such investors without the written
consent of Agent and payment to Agent compensation no
less than the compensation to be paid to Agent
hereunder for raising a like amount.

Section 1.7    Remedies.
In the event that Company breaches Section 1.5 hereof
or Section 1.6 hereof, Agent shall be entitled to
receive compensation in respect of the financing giving
rise to the breach of this Agreement at the rates set
forth in Section 1.2 hereof.

Section 2.     Conduct of the Offering.

Section 2.1    Offering Documents.
The Company shall utilize a Series 1 Bridge Note
Purchase and Security Agreement (the "Purchase
Agreement"), Series 1 Bridge Notes in the form of
Exhibit A to the Purchase Agreement (the "Series 1
Bridge Notes"), an Attached Repricing Warrant in the
form attached to the Series 1 Bridge Notes attached as
Attachment 1, a Common Stock Purchase Warrant in the
form of Exhibit B to the Purchase Agreement (the
"Purchase Warrant"), a Registration Rights Agreement in
the form of Exhibit C to the Purchase Agreement the
("Registration Rights Agreement"), an Escrow Agreement
in the form of Exhibit D to the Purchase Agreement (the
"Escrow Agreement"), a form of opinion of Company
counsel in the form of Exhibit E to the Purchase
Agreement (the "Company Opinion"), a Form of
Irrevocable Transfer Agent Instructions in the form of
Exhibit F to the Purchase Agreement (the "Transfer
Agent Instructions"), a certificate of the Company's
Secretary (the "Secretary Certificate") and a
certificate of the Company's chief executive officer
("Compliance Certificate") (collectively, the Purchase
Agreement and all Exhibits thereto, the Secretary
Certificate and the Compliance Certificate are herein
after referred to as the "Transaction Agreements") in
connection with the Offering.  The Company and its
counsel have reviewed, commented upon, and approved the
Transaction Agreements.

Section 2.2    Public Information.
The Company within a reasonable amount of time prior to
any Closing, shall provide each prospective investor
with a copy of all information required by Rule
502(b)(2)(ii) of Regulation D promulgated pursuant to
the Securities Act (collectively, "SEC Documents").
The SEC Documents have been prepared in conformity with
the requirements (to the extent applicable) of the
Securities and Exchange Act of 1934, as amended (the
"Act") and the rules and regulations ("Rules and
Regulations") of the Commission promulgated thereunder.
As used in this Agreement, the term "Offering
Documents" means collectively the SEC Documents and the
Transaction Agreements, and all amendments, exhibits,
and supplements thereto, together with any other
documents which are provided to Agent by, or approved
for Agent's use by, the Company for this Offering.

Section 2.3    Accuracy of Offering Documents.
The Offering Documents, at the time of delivery to
Purchasers, conformed in all material respects with the
requirements, to the extent applicable, of the Act and
the applicable Rules and Regulations, and did not
include any untrue statement of a material fact, or
omit to state any material fact required to be stated
therein, or necessary, to make the statements therein,
in light of the circumstances under which they were
made, not misleading.  At each Closing, the Offering
Documents will contain all statements which are
required to be stated therein in accordance with the
Act and the Rules and Regulations for the purposes of
the proposed Offering, and all statements of material
fact contained in the Offering memorandum will be true
and correct, and the Offering Documents will not
include any untrue statement of a material fact or omit
to state any material fact required to be stated
therein or necessary to make the statements therein, in
light of the circumstances under which they were made,
not misleading; provided, however, that the Company
does not make any representations or warranties as to
the information contained in or omitted from the
Offering Documents in reliance upon written information
furnished on behalf of Agent specifically for use
therein.  Agent has no responsibility for the contents,
accuracy, or adequacy of the Offering Documents, or for
the compliance of the Offering Documents, with the
requirements of Rule 502(b)(2)(ii) of Regulation D
promulgated pursuant to the Securities Act.

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

Section 2.5    Escrow of Funds.
Pursuant to the Escrow Agreement, executed by the
Company, the person named as escrow agent in the Escrow
Agreement (the "Escrow Agent"), and the prospective
investors who have executed signature pages to the
Purchase Agreement, the Registration Rights Agreement,
and the Escrow Agreement (the "Purchasers"), the
purchase price for the Securities to be purchased as
reflected on the Purchaser Signature Page to the
Purchase Agreement shall be wired to the to the Escrow
Agent to be held by the Escrow Agent as provided in the
Escrow Agreement.

Section 2.6    Approval of Investors.
Prior to each closing, the Company shall have the right
to approve each Purchaser.  If the Company withholds
approval of any Purchaser, the purchase price wired to
Escrow Agent by such Purchaser shall be returned to
such Purchaser along with the Purchaser Signature Pages
of such Purchaser to the Purchase Agreement, the
Registration Rights Agreement, and the Escrow
Agreement.  The right to withhold approval of any
Purchaser shall be deemed to have been waived if the
Company authorizes the Escrow Agent to disburse funds
provided by any Purchaser at any closing.

Section 2.7    Delivery of Securities.
Securities in such form that, subject to applicable
transfer restrictions as described in the Purchase
Agreement, they can be negotiated by the holders
thereof (issued in such denominations and in such names
as the Purchasers of the Securities may request shall
be delivered by the Company to the counsel for
Placement Agent, with copies made available to Agent
for checking at least one (1) full business day prior
to the Closing Date, it being understood that the
directions from Agent to the Company shall be given at
least two (2) full business days prior to the Closing
Date.  The Securities shall be delivered at the Initial
Closing and at each Subsequent Closing.

Section 2.8    Initial Closing.
The Initial Closing (the "Initial Closing") shall occur
at such time as (a) Purchasers have delivered to the
Company (care of Balboni Law Group LLC, counsel for
Agent) executed Purchaser Signature Pages to each of
the Purchase Agreement, the Registration Rights
Agreement, and the Escrow Agreement, (b) the Company
has not withheld approval the Purchasers, and (c) all
other conditions to the obligation of the Purchasers
and the Company to close the transactions contemplated
by the Purchase Agreement have been satisfied or
waived.

Section 2.9    Subsequent Closings.
In the event that the Initial Closing shall be for an
amount of Securities that is less than the amount of
the Offering, the Offering may be continued, and
additional Closings may be held (each a "Subsequent
Closing") throughout the Offering Period. (a)
Purchasers have delivered to the Company (care of
Balboni Law Group LLC, counsel for Agent) executed
Purchaser Signature Pages to each of the Purchase
Agreement, the Registration Rights Agreement, and the
Escrow Agreement, (b) the Company has not withheld
approval the Purchasers, and (c) all other conditions
to the obligation of the Purchasers and the Company to
close the transactions contemplated by the Purchase
Agreement have been satisfied or waived.

Section 2.10 Disbursements at Closing.
At each Closing, the Company shall execute a Release
Notice that authorizes the Escrow Agent to pay expenses
of the Offering in the amounts specified, and effect a
wire transfer of the net proceeds of such Closing to
the Company or another entity designated therein by the
Company.  The authorization of the Company to release
the funds held by the Escrow Agent is the Company's
authorization to release the executed Transaction
Agreements and Securities to the Purchasers.  One
complete set of executed Transaction Documents will be
delivered to the Company.

Section 2.11   Time and Place of Closings.
The Initial Closing and any Subsequent Closing shall be
held at the offices of Balboni Law Group LLC, 3475
Lenox Road, Suite 990, Atlanta, Georgia 30326, at 10:00
a.m. on such dates as are fixed in accordance with
Sections 3.4 and 3.5 hereof.  The Closing Date may be
changed by mutual agreement of Agent and the Company.
The Company agrees to rely on faxed signature pages
from the Purchasers, without the requirement of
obtaining an originally signed version of any of the
Transactions Agreements to which a Purchaser is a
Party.

Section 3.     Conditions of Agent's Obligations.

Agent's obligations hereunder shall be subject to the
accuracy, as of the Closing Date, of the
representations and warranties on the part of the
Company contained in this Agreement, to the fulfillment
of or compliance by the Company with all covenants and
conditions hereof, and to the following additional
conditions:
     (a)  There shall be no outstanding objection
     to any Transaction Agreement by the Company
     or its counsel or any Purchaser or its
     counsel.
     (b)  The Company shall not have disclosed
     that the Offering Documents, or any amendment
     thereof or supplement thereto, contains an
     untrue statement of fact, which, in the
     opinion of counsel to Agent, is material, or
     omits to state a fact, which, in the opinion
     of such counsel, is material and is required
     to be stated therein, or is necessary to make
     the statements therein, under the
     circumstances in which they were made, not
     misleading.
     (c)  Between the date hereof and the Closing
     Date, the Company shall not have sustained
     any loss on account of fire, explosion,
     flood, accident, calamity, or any other cause
     of such character as would materially
     adversely affect its business or property
     considered as an entire entity, whether or
     not such loss is covered by insurance.
     (d)  There shall be no litigation instituted
     or overtly threatened against the Company,
     and there shall be no proceeding instituted
     or threatened against the Company before or
     by any federal or state commission,
     regulatory body, or administrative agency, or
     other governmental body, domestic or foreign,
     wherein an unfavorable ruling, decision, or
     finding would materially adversely affect the
     business, franchises, license, permits,
     operations, or financial condition or income
     of the Company considered as an entity.
     (e)  Except as contemplated herein or as set
     forth in the Offering Documents, during the
     period subsequent to the most recent
     financial statements contained in the
     Offering Documents, if any, and prior to the
     Closing Date, the Company (i) shall have
     conducted its business in the usual and
     ordinary manner as the same is being
     conducted as of the date hereof and (ii)
     except in the ordinary course of business,
     the Company shall not have incurred any
     liabilities or obligations (direct or
     contingent) or disposed of any assets, or
     entered into any material transaction, or
     suffered or experienced any substantially
     adverse change in its condition, financial or
     otherwise.  At the Closing Date, the equity
     account of the Company shall be substantially
     the same as reflected in the most recent
     balance sheet contained in the Offering
     Documents without considering the proceeds
     from the sale of the Securities other than as
     may be set forth in the Offering Documents.
     (f)  The authorization of the Securities by
     the Company and all proceedings and other
     legal matters incident thereto and to this
     Agreement shall be reasonably satisfactory in
     all respects to Agent and its counsel.
     (g)  The Company shall have furnished Agent a
     copy of the Company opinion with respect to
     the sufficiency of all corporate proceedings
     and other legal matters relating to this
     Agreement as Agent may reasonably require.
     (h)  The Company shall have furnished to Agent the
     opinion, dated the Initial Closing, addressed to
     Agent, from counsel to the Company, as required by
     the Purchase Agreement.
     (i)  The Company shall have furnished to
     Agent a copy of the Compliance Certificate
     and the Secretary Certificate each dated as
     of the Closing Date.

Section 4.     Representations and Warranties of the
Company.
For the purpose of inducing Agent to enter into this
and perform this Agreement, the Company hereby
represents and warrants to and agrees with Agent as
follows:

Section 4.1    Corporation Condition.
The Company's condition is as described in its Offering
Documents, except for changes in the ordinary course of
business and normal year-end adjustments that are not
in the aggregate materially adverse to the Company.
The Offering Documents, taken as a whole, present
fairly the business and financial position of the
Company as of the Closing Date.

Section 4.2    No Material Adverse Change.
Except as may be reflected in or contemplated by the
Offering Documents, subsequent to the dates as of which
information is given in the Offering Documents, and
prior to the Closing Date, there shall not have been
any material adverse change in the condition, financial
or otherwise, or in the results of operations of the
Company or in its business taken as a whole.

Section 4.3    No Defaults.
Except as disclosed in the Offering Documents or in
writing to Agent, the Company is not in default in any
material respect in the performance of any material
obligation, agreement, or condition contained in any
debenture, note, or other evidence of indebtedness or
any indenture or loan agreement of the Company.  The
execution and delivery of this Agreement, and the
consummation of the transactions herein contemplated,
and compliance with the terms of this Agreement, will
not conflict with, or result in, a breach of any of the
terms, conditions, or provisions of, or constitute a
default under, the Articles of Organization or by-laws
of the Company (in any respect that is material to the
Company), any material note, indenture, mortgage, deed
of trust, or other agreement or instrument to which the
Company is a party or by which the Company or any
property of the Company is bound, or to the Company's
knowledge, any existing law, order, rule, regulation,
writ, injunction, or decree of any government,
governmental instrumentality, agency, or body,
arbitration tribunal or court, domestic or foreign,
having jurisdiction over the Company or any property of
the Company.  The consent, approval, authorization, or
order of any court or governmental instrumentality,
agency or body is not required for the consummation of
the transactions herein contemplated except such as may
be required under the Act or under the blue sky or
securities laws of any state or jurisdiction.

Section 4.4    Incorporation and Standing.
The Company is, and at the Closing Date will be, duly
formed and validly existing in good standing as a
corporation under the laws of the Commonwealth of
Massachusetts and with full power and authority
(corporate and other) to own its properties and conduct
its business, present and proposed, as described in the
Offering Documents; the Company, has full power and
authority to enter into this Agreement; and the Company
is duly qualified and in good standing as a foreign
entity in each jurisdiction in which the failure to so
qualify would have a material adverse effect on the
Company or its properties.

Section 4.5    Legality of Securities.
Prior to the Closing Date, the Securities will have
been duly and validly authorized and issued, will be
valid, binding and enforceable against the Company in
accordance with their terms, and will conform in all
material respects to the statements with regard thereto
contained in the Offering Documents.

Section 4.6    Legality of Conversion Shares.
The Common Stock into which the Securities are
convertible, when converted in accordance with the
Securities will be duly and validly issued and
outstanding, fully paid, and non-assessable and conform
in all material respects to the statements with regard
thereto contained in the Offering Documents.

Section 4.7    Litigation.
Except as set forth in the Offering Documents, there is
now, and at the Closing Date there will be, no action,
suit, or proceeding before any court or governmental
agency, authority or body pending or, to the knowledge
of the Company, threatened, which might result in
judgments against the Company not adequately covered by
insurance or which collectively might result in any
material adverse change in the condition (financial or
otherwise) or business of the Company or which would
materially adversely affect the properties or assets of
the Company.

Section 4.8    Finders.
The Company does not know of any outstanding claims for
services in the nature of a finder's fee or origination
fees with respect to the sale of the Securities
hereunder for which Agent may be responsible, and the
Company will indemnify Agent from any liability for
such fees by any party who has a claim for such
compensation from the Company and for which person
Agent is not legally responsible (provided however,
that Agent and the Company acknowledge that any finders
fees due to Rancho Santa Fe Capital shall be the sole
responsibility of Agent).

Section 4.9    Tax Returns.
The Company has filed all federal and state tax returns
which are required to be filed, and has paid all taxes
shown on such returns and on all assessments received
by it to the extent such taxes have become due.  All
taxes with respect to which the Company is obligated
have been paid or adequate accruals have been set up to
cover any such unpaid taxes.

Section 4.10   Authority.
The execution and delivery by the Company of this
Agreement have been duly authorized by all necessary
action, and this Agreement is the valid, binding, and
legally enforceable obligation of the Company subject
to standard qualifications as to the availability of
equitable remedies, the effect of bankruptcy and other
laws relating to the protection of debtors and public
policy opinions promulgated by the Commission with
respect to indemnification against liabilities under
the Act.

Section 4.11   Actions by the Company.
The Company will not take any action which will impair
the effectiveness of the transactions contemplated by
this Agreement.

Section 5.     Covenants of the Company.
The Company covenants and agrees with Agent that:

Section 5.1    Restrictions on Amendments.
After the date hereof, the Company will not at any
time, prepare and distribute any amendment or
supplement to the Offering Documents, of which
amendment or supplement Agent shall not previously have
been advised and Agent and its counsel furnished with a
copy within a reasonable time period prior to the
proposed adoption thereof, or to which Agent shall have
reasonable objected in writing on the ground that it is
not in compliance with the Act or the Rules and
Regulations (if applicable).

Section 5.2    Expenses of Offering.
The Company will pay, upon consummation of the
Transaction, all costs and expenses incident to the
Transaction Agreements, including all expenses incident
to the authorization of the Securities, their issue and
delivery to the Escrow Agent, any original issue taxes
in connection therewith, all transfer taxes, if any,
incident to the initial sale of the Securities, the
fees and expenses of Agent's and the Company's counsel
(except as provided below), and the cost of
reproduction and furnishing to Agent copies of the
Offering Documents as herein provided and as
specifically set forth in Section 8.7 of the Purchase
Agreement.

Section 5.3    Availability of Information.
Prior to the Closing Date, the Company will cooperate
with Agent in such investigation as it may make or
cause to be made of all of the properties, business,
and operations of the Company in connection with the
Offering of the Securities.  The Company will make
available to it in connection therewith such
information in its possession as Agent may reasonably
request and will make available to Agent such persons
as Agent shall deem reasonably necessary and
appropriate in order to verify or substantiate any such
information so supplied.

Section 5.4    Reports and Filings.
The Company shall be responsible for making any and all
filings required by the blue sky authorities and
filings required by the laws of the jurisdictions in
which the subscribers who are accepted for purchase of
Securities are located, if any.  Agent shall assist
Company in this respect, but such filings shall be the
responsibility of Company.

Section 5.5    No Undisclosed Events, Liabilities,
Developments, or Circumstances.
The Company's condition is as described in its Offering
Documents, except for changes in the ordinary course of
business and normal year-end adjustments that are not
individually or in the aggregate materially adverse to
the Company.  The Offering Documents, taken as a whole,
will present fairly the business and financial position
of the Company as of each Closing Date.

Section 5.6    No Material Adverse Change.
Except as may be reflected in or contemplated by the
Offering Documents, subsequent to the dates as of which
information is given in the Offering Documents, and
prior to each Closing Date, there shall not have been
any material adverse change in the condition,
financial, or otherwise, or in the results of
operations of the Company or in its business taken as a
whole.

Section 6.     Indemnification.

Section 6.1    Indemnification of Agent.
The Company agrees to indemnify and hold harmless
Agent, each person who controls Agent within the
meaning of Section 15 of the Act and Agent's employees,
accountants, attorneys and agents (the "Agent's
Indemnitees") against any and all losses, claims,
damages, or liabilities, joint or several, to which
they or any of them may become subject under the Act or
any other statute or at common law for any legal or
other expenses (including the costs of any
investigation and preparation) incurred by them in
connection with any litigation, whether or not
resulting in any liability, but only insofar as such
losses, claims, damages, liabilities, and litigation
arise out of or are based upon any untrue statement of
material fact contained in the Offering Documents or
any amendment or supplement thereto or any application
or other document filed in any state or jurisdiction in
order to qualify the Securities under the Blue Sky or
securities laws thereof, or the omission to state
therein a material fact required to be stated therein
or necessary to make the statements therein, under the
circumstances under which they were made, not
misleading, all as of the date of the Offering
Documents or of such amendment as the case may be;
provided however, that the indemnity agreement
contained in this Section 6.1 shall not apply to amount
paid in settlement of any such litigation, if such
settlements are made without the consent of the
Company, nor shall it apply to Agent's Indemnitees in
respect to any such losses, claims, damages, or
liabilities arising out of or based upon any such
untrue statement or alleged untrue statement or any
such omission or alleged omission, if such statement or
omission was made in reliance upon information
furnished in writing to the Company by Agent
specifically for use in connection with the preparation
of the Offering Documents or any such amendment or
supplement thereto or any application or other document
filed in any state or jurisdiction in order to qualify
the Securities under the Blue Sky or securities law
thereof.  This indemnity agreement is in addition to
any other liability which the Company may otherwise
have to Agent's Indemnitees.  Agent's Indemnitees
agree, within ten (10) days after the receipt by them
of written notice of the commencement of any action
against them in respect to which indemnity may be
sought from the Company under this Section 6.1, to
notify the Company in writing of the commencement of
such action; provided however, that the failure of
Agent's Indemnitees to notify the Company of any such
action shall not relieve the Company from any liability
which it may have to Agent's Indemnitees on account of
the indemnity agreement contained in this Section 6.1,
and further shall not relieve the Company from any
other liability which it may have to Agent's
Indemnitees, and if Agent's Indemnitees shall notify
the Company of the commencement thereof, the Company
shall be entitled to participate in (and, to the extent
that the Company shall wish, to direct) the defense
thereof at its own expense, but such defense shall be
conducted by counsel of recognized standing and
reasonably satisfactory to Agent's Indemnitees,
defendant or defendants, in such litigation.  The
Company agrees to notify Agent's Indemnitees promptly
of the commencement of any litigation or proceedings
against the Company or any of the Company's officers or
directors of which the Company may be advised in
connection with the issue and sale of any of the
Securities and to furnish to Agent's Indemnitees, at
their request, to provide copies of all pleadings
therein and to permit the Company's Indemnitees to be
observers therein and apprise Agent's Indemnitees of
all developments therein, all at the Company's expense.

Section 6.2    Indemnification of Company.
Agent agrees, in the same manner and to the same extent
as set forth in Section 6.1 above, to indemnify and
hold harmless the Company, and the Company's and
Company's employees, accountants, attorneys, and agents
(the "Company's Indemnitees") with respect to (a) any
statement in or omission from the Offering Documents or
any amendment or supplement thereto or any application
or other document filed in any state or jurisdiction in
order to qualify the Securities under the Blue Sky or
securities laws thereof, or any information furnished
pursuant to Section 2.2 hereof, if such statement or
omission was made in reliance upon information
furnished in writing to the Company by Agent on its
behalf specifically for use in connection with the
preparation thereof or supplement thereto, or (b) any
untrue statement of a material fact made by Agent or
its agents not based on statements in the Offering
Documents or authorized in writing by the Company, or
with respect to any misleading statement made by Agent
or its agents resulting from the omission of material
facts which misleading statement is not based upon the
Offering Documents, or information furnished in writing
by the Company or, (c) any breach of any
representation, warranty, or covenant made by Agent in
this Agreement.  Agent's liability hereunder shall be
limited to the amount received by it for acting as
Agent in connection with the Offerings.  Agent shall
not be liable for amounts paid in settlement of any
such litigation if such settlement was effected without
its consent.  In case of the commencement of any action
in respect of which indemnity may be sought from Agent,
the Company's Indemnitees shall have the same
obligation to give notice as set forth in Section 6.1
above, subject to the same loss of indemnity in the
event such notice is not given, and Agent shall have
the same right to participate in (and, to the extent
that it shall wish, to direct) the defense of such
action at its own expense, but such defense shall be
conducted by counsel of recognized standing reasonably
satisfactory to the Company.  Agent agrees to notify
the Company's Indemnitees and, at their request, to
provide copies of all pleadings therein and to permit
the Company's Indemnitees to be observers therein and
apprise them of all the developments therein, all at
Agent's expense.

Section 7.     Termination.

Section 7.1    Termination by Agent.
This Agreement may be terminated at any time during the
Offering Period by Agent by written notice to the
Company, if the Company shall have failed or been
unable to comply with any of the terms, conditions, or
provisions of the Transaction Agreements to be
performed, complied with, or fulfilled by the Company
within the respective times, if any, herein provided
for, unless compliance therewith or performance or
satisfaction thereof shall have been expressly waived
by Agent in writing.

Section 7.2    Termination by Company.
This Agreement may be terminated by the Company at the
conclusion of the Offering Period by notice to Agent if
Agent shall have failed or been unable to comply with
any of the terms, conditions, or provisions of this
Agreement to be performed, complied with, or fulfilled
by Agent within the respective times, if any, herein
provided for, unless compliance therewith or
performance or satisfaction thereof shall have been
expressly waived by the Company in writing.

Section 7.3    Termination for Force Majeure Events.
This Agreement may be terminated by Agent by notice to
the Company at any time, if, in the reasonable, good
faith judgment of Agent, payment for and delivery of
the Securities is rendered impracticable or inadvisable
because:  (a) additional material governmental
restrictions not in force and effect on the date hereof
shall have been imposed upon trading in securities
generally; (b) a war or other national calamity shall
have occurred; or (c) the condition of the market
(either generally or with reference to the sale of the
Securities to be offered hereby) or the condition of
any matter affecting the Company or any other
circumstance is such that it would be undesirable,
impracticable or inadvisable, in the judgment of Agent,
to proceed with this Agreement or with the Offering.

Section 7.4    Termination without Liability.
Any termination of this Agreement pursuant to this
Section shall be without liability of any character
(including, but not limited to, loss of anticipated
profits or consequential damages) on the part of any
party thereto, except that the Company shall remain
obligated to pay the costs and expenses provided to be
paid by it specified in Sections 1.3 and 5.2, and the
Company and Agent shall be obligated to pay,
respectively, all losses, claims, damages, or
liabilities, joint or several, under Section 6.1 in the
case of the Company and Section 6.2 in the case of
Agent.

Section 8.     Miscellaneous.

Section 8.1    Notices.
Whenever notice is required by the provisions of this
Agreement to be given, such notice shall be in writing,
addressed:

              If to Company:
                         Cambex Corporation
                         360 Second Avenue
                         Waltham, Massachusetts 02451
                         Attention: Peter Kruy,
                         Executive Vice President
                         Tel: (781) 890-6000
                         Fax: (781) 890-2899

              With a copy to:
                         Ropes & Gray
                         One International Place
                         Boston, Massachusetts  02110
                         Attention: John E. Beard
                         Tel: (617) 951-7000
                         Fax: (617) 951-7050

              If to Agent:
                         Sovereign Capital Advisors,
                         LLC
                         3340 Peachtree Road, N.E.
                         Suite 2265
                         Atlanta, Georgia 30326
                         Attention: Paul Hamm
                         Tel: (404) 814-3737
                         Fax: (404) 812-3738

              With a copy to:
                         Balboni Law Group LLC
                         3475 Lenox Road
                         Suite 990
                         Atlanta, Georgia 30326
                         Attention: Gerardo M. Balboni
                         II, Esq.
                         Tel: (404) 812-3100
                         Fax: (404) 812-3101

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

8.3  Survival.
The respective indemnities, agreements,
representations, warranties, covenants and other
statements of the Company and Agent, or the officers,
directors or controlling persons of the Company and
Agent as set forth in or made pursuant to this
Agreement and the indemnity agreements of the Company
and Agent contained in Section 7 hereof shall survive
and remain in full force and effect, regardless of (a)
any investigation made by or on behalf of the Company
or Agent or any such officer, director or controlling
person of the Company or of Agent; (b) delivery of or
payment for the Securities; or (c) the Closing Date,
and any successor of the Company or Agent or any
controlling person, officer or director thereof, as the
case may be, shall be entitled to the benefits hereof.

8.4  Governing Law.
The validity, interpretation, and construction of this
Agreement will be governed by the laws of the
Commonwealth of Massachusetts without regard to its
principles of conflict of laws.  Any dispute or
controversy between the parties arising in connection
with this Agreement or the subject matter contemplated
by this Agreement shall be resolved by arbitration
before a three-member panel of the American Arbitration
Association in accordance with the commercial
arbitration rules of said forum and the Federal
Arbitration Act, 9 U.S.C. 1 et seq., with the resulting
award being final and conclusive.  Said arbitrators
shall be empowered to award all forms of relief and
damaged claimed, including, but not limited to,
attorney's fees, expenses of litigation and
arbitration, exemplary damages, and prejudgment
interest.  The parties further agree that any
arbitration action or other action between them shall
be brought by one party against the other shall be
brought in any appropriate state court or any federal
Court located in the County where the party against
whom the action is brought is principally located, and
both parties agree that such courts shall have
exclusive jurisdiction of such case or controversy
arising under or in connection with this Agreement and
shall be a proper forum in which to adjudicate such
case or controversy.  The parties consent to the
jurisdiction of such courts.

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

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

8.7  Public Announcements.
Prior to the Closing Date, neither party hereto will
issue any public announcement concerning the within
transactions without the approval of the other party.

8.8  Finders.
The parties acknowledge that except as specifically set
forth in Section 4.8 hereof, no person has acted as a
finder in connection with the transactions contemplated
herein and each will agree to indemnify the other with
respect to any other claim for a finder's fee in
connection with the Offering.

8.9  Recitals.
The recitals to this Agreement are a material part
hereof, and each recital is incorporated into this
Agreement by reference and made apart of this
Agreement.
IN WITNESS WHEREOF, the parties hereto have duly caused
this Agreement to be executed as of the day and year
first above written.

          [Signatures on the following page]

                COMPANY SIGNATURE PAGE
                          TO
               PLACEMENT AGENT AGREEMENT

                                   THE COMPANY:

                                   CAMBEX CORPORATION

                                   By: /s/ Peter Kruy
                                     Peter Kruy,
                                     Executive Vice
                                     President

                 AGENT SIGNATURE PAGE
                          TO
               PLACEMENT AGENT AGREEMENT

                                   AGENT:

                                   SOVEREIGN CAPITAL
                                   ADVISORS, LLC

                                   By:
                                     Don Odom

                                   By: /s/ Paul Hamm
                                     Paul Hamm

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