Document:

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                                                                  Exhibit 10.38

                                                                  EXECUTION COPY

                                  CONFIDENTIAL

                 ----------------------------------------------

                              AMENDED AND RESTATED

                               OPERATING AGREEMENT

                                       OF

                                WWWX-JENCOM, LLC

               -------------------------------------------------

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<S>                        <C>                                                                                   <C>
ARTICLE I                  FORMATION OF LIMITED LIABILITY COMPANY GENERAL

                           PROVISIONS............................................................................1

         Section 1.1       Formation.............................................................................1

         Section 1.2       Name..................................................................................1

         Section 1.3       Purpose...............................................................................1

         Section 1.4       Offices...............................................................................2

         Section 1.5       Nature of Partners' Interests, Non-Partition..........................................2

         Section 1.6       Duration of Company...................................................................2

         Section 1.7       Further Assurances....................................................................2

         Section 1.8       Classification for Tax Purposes.......................................................2

ARTICLE II                 MEMBERS, MEMBERSHIP INTERESTS AND CAPITAL CONTRIBUTIONS; LOANS........................3

         Section 2.1       Membership and Participation Percentages..............................................3

         Section 2.2       WWWX Assignment.......................................................................3

         Section 2.3       Capital Accounts......................................................................3

         Section 2.4       Use of Capital Contributions and Loans................................................3

         Section 2.5       Additional Capital Contributions / Members' Loans.....................................3

         Section 2.6       Operating Deficits....................................................................4

         Section 2.7       Permitted Outside Activities..........................................................4

         Section 2.8       Liability of Members..................................................................4

ARTICLE III                MEETINGS OF MEMBERS...................................................................5

         Section 3.1       Annual Meetings; Special Meetings.....................................................5

         Section 3.2       Place of Meetings.....................................................................5

         Section 3.3       Notice of Meetings....................................................................5

         Section 3.4       Quorum of and Action by Members.......................................................5

         Section 3.5       Voting by Members.....................................................................6

         Section 3.6       Action Without a Meeting; Telephone Meetings..........................................6

ARTICLE IV                 MANAGEMENT............................................................................6

         Section 4.1       Management............................................................................6

         Section 4.2       Liability: Indemnification of the Manager.............................................8

         Section 4.3       Interested Manager and Officers.......................................................8

         Section 4.4       Manager's Compensation and Reimbursement..............................................9

         Section 4.5       Time Devoted to Company...............................................................9

         Section 4.6       Records and Reports...................................................................9

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<S>                        <C>                                                                                  <C>

         Section 4.7       Fiscal Year...........................................................................9

         Section 4.8       Reports..............................................................................10

         Section 4.9       Required Filings.....................................................................10

         Section 4.10      Inspection of Records................................................................10

         Section 4.11      Annual Budget........................................................................11

         Section 4.12      Liability of Manager.................................................................11

ARTICLE V                  OFFICERS.............................................................................11

         Section 5.1       Officers.............................................................................11

         Section 5.2       Compensation.........................................................................11

         Section 5.3       Term of Office; Removal; Filling of Vacancies........................................11

         Section 5.4       Chairman.............................................................................12

         Section 5.5       President............................................................................12

         Section 5.6       Vice Presidents......................................................................12

         Section 5.7       Secretary............................................................................12

         Section 5.8       Assistant Secretary..................................................................12

         Section 5.9       Treasurer............................................................................12

         Section 5.10      Additional Powers and Duties.........................................................12

ARTICLE VI                 ACCOUNTING AND TAX MATTERS; REPORTS; BANKING.........................................13

         Section 6.1       Books and Records; Capital Accounts..................................................13

         Section 6.2       Returns Tax..........................................................................13

         Section 6.3       Tax Matters Person...................................................................13

         Section 6.4       Tax Elections........................................................................13

         Section 6.5       Bank Accounts; Investment of Company Funds...........................................13

ARTICLE VII                TRANSFER OF COMPANY INTERESTS, WITHDRAWAL OF

                           MEMBERS, BUY/SELL PROVISIONS.........................................................14

         Section 7.1       Assignment and Transfer..............................................................14

         Section 7.2       Expenses.............................................................................15

         Section 7.3       Withdrawal of Members................................................................15

         Section 7.4       Death, Legal Incapacity, Dissolution or Bankruptcy of a Member.......................15

         Section 7.5       Status of Interests Transferred......................................................16

ARTICLE VIII               DISSOLUTION AND TERMINATION..........................................................16

         Section 8.1       Dissolution..........................................................................16

         Section 8.2       Appointment of Liquidating Member....................................................17

         Section 8.3       Distributions and Other Matters......................................................17

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<S>                        <C>                                                                                  <C>

         Section 8.4       Distributions of Property............................................................17

         Section 8.5       Action During Liquidation: Statements of Account.....................................18

ARTICLE IX                 REPRESENTATIONS, WARRANTIES AND COVENANTS............................................18

         Section 9.1       Representations and Warranties.......................................................18

ARTICLE X                  AMENDMENTS...........................................................................22

         Section 10.1      Amendments...........................................................................22

ARTICLE XI                 MISCELLANEOUS........................................................................22

         Section 11.1      Manner of Giving Notice..............................................................22

         Section 11.2      Waiver of Notice.....................................................................22

         Section 11.3      No Company Seal......................................................................22

         Section 11.4      Public Announcements.................................................................22

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                              AMENDED AND RESTATED
                             OPERATING AGREEMENT OF
                               WWWX-JENCOM, L.L.C.
                      A DELAWARE LIMITED LIABILITY COMPANY

     This Amended and Restated Limited Liability Company Agreement (this
"AGREEMENT") of WWWX-JENCOM, L.L.C. (the "COMPANY"), a limited liability company
organized pursuant to the Delaware Limited Liability Company Law of 1994 (as
amended, the "ACT"), made as of the 7th day of January, 2000, is entered into by
and between WorldWide Web NetworX Corporation ("WWWX"), a Delaware corporation,
and JenCom Digital Technologies, LLC ("JENCOM"), a Delaware limited liability
company and amends and restates in its entirety the Limited Liability Company
Agreement of WWWX - JenCom, L.L.C. dated as of April 28, 1999 (the "PRIOR
AGREEMENT").

                                   ARTICLE I

            FORMATION OF LIMITED LIABILITY COMPANY GENERAL PROVISIONS

SECTION 1.1 FORMATION

     WWWX and JENCOM have heretofore formed and shall operate a limited
liability company under the Act and in accordance with the terms of this
Agreement and the Company's Articles of Organization. The Company shall exist
under and be governed by, and this Agreement shall be construed in accordance
with, the laws of the State of Delaware. WWWX and JENCOM have caused to be filed
with the Secretary of State of Delaware the Certificate of Formation of the
Company.

SECTION 1.2 NAME

     The name of the Company shall be WWWX-Jencom, L.L.C., and all business of
the Company shall be conducted in such name or in such operational names as
determined, from time to time by the Manager.

SECTION 1.3 PURPOSE

     WWWX and JENCOM desire to form and operate the Company pursuant to this
Agreement and other related documents and instruments, as a limited liability
company under Delaware law (hereinafter the "Company"). The purpose and
character of the business of the Company shall be to develop products and
services utilizing modern technology and to carry on any other lawful business,
purpose or activity which the Members may unanimously from time to

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time determine. The Company shall have all of the powers provided for a limited
liability company under the Act.

SECTION 1.4 OFFICES

     The principal place of business of the Company shall be 220 West 19th
Street, New York, NY, 10011, or such other principal place of business as the
Manager may from time to time determine. The Company may have, in addition to
such office, such other offices and places of business at such locations, both
within and without the State of Delaware, as the Manager may from time to time
determine or the business and affairs of the Company may require.

SECTION 1.5 NATURE OF PARTNERS' INTERESTS, NON-PARTITION

     The interests of the Members in the Company shall be personal property for
all purposes. All property owned by the Company, whether real or personal,
tangible or intangible, shall be owned by the Company as an entity, and no
Member individually shall have any ownership of such property. Except as
otherwise stated and provided herein, no Member shall be entitled to seek
partition of any Company property.

SECTION 1.6 DURATION OF COMPANY

     The term of the Company commenced upon the filing of the Certificate of
Formation with the Secretary of State of the State of Delaware and shall
continue in existence and be perpetual unless terminated pursuant to any
provisions of this Agreement or as otherwise provided by law.

SECTION 1.7 FURTHER ASSURANCES

     The parties hereto will execute whatever certificates and documents, and
will file, record and publish such certificates and documents, which are
required to form and operate a limited liability company under the Act.

SECTION 1.8 CLASSIFICATION FOR TAX PURPOSES

     The Members hereby acknowledge their intention that the Company be
classified, for federal and state income tax purposes, as a partnership and not
as an association taxable as a corporation, pursuant to Section 7701(a)(2) of
the Code, and agree that the provisions of this Agreement shall be construed in
a manner to give full effect to such intent.

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                                   ARTICLE II

         MEMBERS, MEMBERSHIP INTERESTS AND CAPITAL CONTRIBUTIONS; LOANS

SECTION 2.1 MEMBERSHIP AND PARTICIPATION PERCENTAGES

     The names, addresses and membership interest of each of the Members is as
follows:

NAMES AND ADDRESSES                    PARTICIPATION PERCENTAGE

WorldWide Web NetworX Corporation                  50%
521 Fellowship Road
Suite 130
Mt. Laurel, NJ  08054

JenCom Digital Technologies, LLC                   50%
18 West 18th Street
New York, NY  10011

SECTION 2.2 WWWX ASSIGNMENT

     Simultaneously with the execution and delivery of the Prior Agreement, WWWX
assigned, transferred, delivered and conveyed to the Company all of its right,
title and interest in and to the "Purchased Assets" purchased by WWWX from
JenCom on the date of the execution and delivery of the Prior Agreement.

SECTION 2.3 CAPITAL ACCOUNTS

     The Company shall establish and maintain a Capital Account for each Member
in accordance with GAAP.

SECTION 2.4 USE OF CAPITAL CONTRIBUTIONS AND LOANS

     The Capital Contributions of the Members, all proceeds of Company
borrowings, and any Additional Capital Contributions and Members' Loans made
pursuant to this Agreement shall be used and applied for any Company purpose as
determined by the Members.

SECTION 2.5 ADDITIONAL CAPITAL CONTRIBUTIONS / MEMBERS' LOANS

     (A) Unless agreed to by all the Members, no Member shall be required to
make any Capital Contributions or Members' Loans to the Company. It is
understood that WWWX had loaned to JenCom in connection with the Purchased
Assets a $900,000.00 ten-year interest free loan and that said loan has been
transferred to the Company. The loan is to be repaid at the earliest of the
following: (1) ten years from March 15, 1999, or (2) an investment into the
Company of a minimum of $10,000,000, or (3) the sale of any asset by the Company
exceeding $5,000,000. The $900,000 will be recorded as an interest free members'
loan which will be

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further used by the Manager in connection with the operations and development of
the Company as a member loan.

     (B) At any time and from time to time after the date hereof, any Member may
(but shall not be obligated to) make Additional Capital Contributions or
Members' Loans to the Company, if the Members unanimously approve in advance
each such Additional Capital Contribution and Members' Loans.

     (C) If any Member advances any funds to the Company after the date of this
Agreement (except in the case of Additional Capital Contributions) with the
approval of all the Members, such advances will be treated as Members' Loans,
will not increase such Members membership interest, and the amount thereof will
be a debt due from the Company to such Member, to be repaid with interest
thereon accruing at the fluctuating prime rate of interest published from time
to time by The Wall Street Journal (or, if The Wall Street Journal is no longer
published, the prime rate published in a publication of national circulation
selected by the Manager) plus two percent (2%), or as otherwise unanimously
approved by the Members.

SECTION 2.6 OPERATING DEFICITS

     In the event that the Manager determines that the Company requires
additional funds to meet operating expenses or required capital improvements, or
for any other proper Company purpose (in any such case, an "Operating Deficit'),
the Manager may, with the prior unanimous consent of the Members, either (1)
request that the Members, pro rata in accordance with their then respective
Participation Percentages, advance funds in the amount so required, but in no
event will the Members be obligated to make such an advance or (2) obtain loans
on such terms as the Members approve unanimously, (3) if loans are not available
on terms satisfactory to the Members, unanimously, obtain additional equity
participation in the Company by the admission of additional Members and the pro
rata reduction of the existing Members' membership interests, or (4) take such
other actions, and explore and pursue such other financing options as the
Members may unanimously deem appropriate under the circumstances.

SECTION 2.7 PERMITTED OUTSIDE ACTIVITIES.

     JENCOM and WWWX acknowledge that (a) the business of the Company may
involve business dealings with other businesses in which JENCOM, WWWX or their
affiliates have an interest, (b) JENCOM and WWWX and their affiliates may
maintain such other interests and activities, and (c) the Company, JENCOM and
WWWX each waives any rights it might otherwise have to share or participate in
such other interests or activities of JENCOM and WWWX or their affiliates.

SECTION 2.8 LIABILITY OF MEMBERS

     No Member shall be liable for the debts, liabilities, contracts or other
obligations of the Company except to the extent of any unpaid capital
contributions it has agreed to make to the Company and its share of the assets
(including undistributed revenues) of the Company; no Member shall be required
to make any loans or capital contributions to the Company, except as

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may be agreed between a Member and the Company, with approval of all of the
Members. The Company shall indemnify and hold harmless each Member in the event
and Member (a) becomes liable, notwithstanding the preceding sentence, for any
debt, liability, contract or other obligation of the Company except to the
extent expressly provided in the preceding sentence or (b) is directly or
indirectly required to make any payments with respect thereto.

                                  ARTICLE III

                               MEETINGS OF MEMBERS

SECTION 3.1 ANNUAL MEETINGS; SPECIAL MEETINGS

     An annual meeting of the Members, commencing with the year 1999, shall be
held within four months following the end of the fiscal year of the Company. At
such meeting, the Members shall transact such business as may properly be
brought before the meeting. Special meetings of the Members, for any purpose or
purposes, unless otherwise prescribed by statute, may be called by any Member.
Only business within the purpose or purposes described in the notice of special
meeting of Members may be conducted at the meeting unless the Members otherwise
agree.

SECTION 3.2 PLACE OF MEETINGS

     Meetings of Members shall be held at such places, within or without the
State of Delaware, as may from time to time be fixed by the Manager or as shall
be specified or fixed in the respective notices or waivers of notice thereof.

SECTION 3.3 NOTICE OF MEETINGS

     Written or printed notice stating the place, day and hour of each meeting
of the Members and, in case of a special meeting, the purpose or purposes for
which the meeting is called, shall be delivered not less than five nor more than
45 days before the date of the meeting, either personally or by mail, telegram,
express courier or telefax or similar communication, by or at the direction of
the person(s) calling the meeting, to each Member entitled to vote at the
meeting.

SECTION 3.4 QUORUM OF AND ACTION BY MEMBERS

     A majority of the membership interests of the Members, represented in
person or by proxy, shall be requisite to and shall constitute a quorum at each
meeting of Members for the transaction of business, except as otherwise provided
by the Act. With respect to any matter, the majority vote of the Members shall
be required to constitute the act of the Members except as otherwise required
under the terms of this Agreement. The Members represented in person or by proxy
at a meeting of Members at which a quorum is not present may adjourn the meeting
until such time and to such place as may be determined by a majority vote of the
Members represented in person or by proxy at that meeting. At any such adjourned
meeting at which a quorum shall be present or represented, any business may be
transacted that might have been transacted at the meeting as originally
convened.

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SECTION 3.5 VOTING BY MEMBERS

     A Member shall be entitled to a number of votes equal to the product of
such Member's membership interest (expressed as a percentage of 1.0) multiplied
times 100, on each matter submitted to a vote at a meeting of Members or
otherwise. For example, a 33.33% membership interest is entitled to 33.33 votes.
At any meeting of the Members, every Member having the right to vote shall be
entitled to vote either in person or by proxy executed in writing by such
Member. A telegram, telex, cablegram or similar transmission by the Member, or a
photographic, photostatic, facsimile or similar reproduction of a writing
executed by the Member, shall be treated as an execution in writing for purposes
of this Section 3.5. No proxy shall be valid after eleven months from the date
of its execution unless otherwise provided in the proxy. Each proxy shall be
revocable unless the proxy form conspicuously states that the proxy is
irrevocable and the proxy is coupled with an interest. Each proxy shall be
delivered to the Manager prior to or at the time of the meeting.

SECTION 3.6 ACTION WITHOUT A MEETING; TELEPHONE MEETINGS

     Any action required by the Act to be taken at any annual or special meeting
of Members, or any action which may be taken at any annual or special meeting of
Members, may be taken without a meeting, without prior notice, and without a
vote, if a consent or consents in writing, setting forth the action so taken,
shall be signed by all of the Members. A telegram, telex, cablegram or similar
transmission by a Member, or a photographic, photostatic, facsimile or similar
reproduction of a writing signed by a Member, shall be regarded as signed by the
Member for purposes of this Section 3.6. Subject to the provisions of applicable
law and this Agreement regarding notice of meetings, Members may participate in
and hold a meeting by using conference telephone or similar communications
equipment by means of which all persons participating in the meeting can hear
each other, and participation in a telephone meeting pursuant to this Section
3.6 shall constitute presence in person at such meeting, except when a person
participates in the meeting for the express purpose of objecting to the
transaction of any business on the ground that the meeting was not lawfully
called or convened.

                                   ARTICLE IV

                                   MANAGEMENT

SECTION 4.1 MANAGEMENT

     The day to day business and affairs of the Company shall be managed,
subject to the terms and conditions set forth herein, by jointly by a designee
of WWWX, initially Warren Rothstein and a designee of JENCOM, initially Henry
Kauftheil (collectively, the "Manager"); provided that the Manager shall have no
authority, without the prior approval of all Members to make the following major
decisions (each being a "Major Decision"):

          (a)  amendment of the Certificate of Formation of the Company;

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          (b)  amendment of this Agreement;

          (c)  amendment of the Annual Work Plan and Budget of the Company to be
               submitted for the Members' approval;

          (d)  approval of a transfer of a Members interest or admission of a
               Member;

          (e)  agreement to continue the business of the Company after an event
               of dissolution specified in Section VIII;

          (f)  creation, incurrence, assumption, or guarantee of any
               indebtedness for money borrowed, or an increase of the amount of
               any indebtedness outstanding under any loan agreement, mortgage,
               or other borrowing arrangement, in either case in excess of the
               amounts approved in the Annual work Plan and Budget;

          (g)  assigning, transferring, pledging, compromising or releasing of
               any of the claims of or debts due the Company except upon payment
               in full, or arbitrating or consenting to the arbitration of any
               of the disputes or controversies of the Company;

          (h)  any action which would cause the Company to become a surety,
               guarantor or accommodation party to any obligation;

          (i)  any action which would cause the Company to grant a security
               interest to any third party in any of the Company's assets;

          (j)  making, executing, or delivering any assignment for the benefit
               of creditors or taking any action on behalf of the Company with
               respect to any bankruptcy decisions, including, without
               limitation, initiating any bankruptcy or insolvency proceedings,
               or liquidating, dissolving or winding up the Company;

          (k)  acquiring or agreeing to acquire any equity interest in any
               entity or any of such entity's assets or approval of a merger,
               consolidation or other reorganization of the Company, including,
               without limitation, entering into an operating agreement to form
               an separate legal entity in which the Company will have an equity
               interest and whose other equity participants may include
               providers of various systems of Electronic Business, product data
               base management, other information technology and investment
               recovery operations;

          (l)  making of, or entry into, any obligation on behalf of the Company
               for a commitment, or making of any capital expenditure, in excess
               of the amounts approved in the Annual Work Plan and Budget;

          (m)  lending funds belonging to the Company to any Member or any third
               party or extend to any person, firm or corporation, credit on
               behalf of the Company, except for the extension of credit in the
               ordinary course of the Company's business to

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               trade debtors in excess of the amounts approved in the Annual
               Work Plan and Budget;

          (n)  making, execution or delivery of any contract or other
               transaction with the officers of the Company or other related
               party of the Company, including compensation of management;

          (o)  authorizing or approving a fundamental change in the business of
               the Company, including a sale of all or substantially all of its
               assets;

          (p)  approving any other matter in which the approval of the Members
               is expressly required by this Agreement or by the Act; or

          (q)  entering into an agreement to do or effect any of the foregoing.

SECTION 4.2 LIABILITY: INDEMNIFICATION OF THE MANAGER

     The Company shall indemnify, defend and hold harmless each Member, each of
their officers, directors, employee and agents, the Manager and each of its
officers, directors, employees and agents and such other officers appointed by
the Manager, and any other Person acting as an agent of the Company to whom the
Manager shall specifically and in writing have conferred rights hereunder (each,
an "Indemnified Person"), against any loss, expense, damage, claim, liability,
obligation, judgment or injury suffered or sustained by such Indemnified Person
by reason of any act, omission or alleged act or omission by such Indemnified
Person, arising out of such Indemnified Person's activities on behalf of the
Company or in furtherance of the interests of the Company, including, without
limitation, any judgment, award, settlement, reasonable attorneys' fees and
other costs or expenses incurred in connection with the defense of any actual or
threatened actions, proceedings or claims, all costs of which shall be charged
to and paid by the Company as incurred; provided, however, that the acts,
omissions or alleged acts or omissions upon which such actual or threatened
actions, proceedings or claims are based were performed or omitted in good faith
and within the scope of such Person's authority hereunder, and were not
fraudulent, in bad faith or a result of wanton and willful misconduct or gross
negligence by such Indemnified Person.

SECTION 4.3 INTERESTED MANAGER AND OFFICERS

     No transaction between the Company and one or more of its Members, the
Manager or officers, or between the Company and any other business entity in
which one or more of its Members, the Manager or officers have an interest shall
be void or voidable solely for this reason, or solely because the Manager or
officer is present at or participates in the meeting of the Manager which
authorizes the contract or transaction, or solely because his or their votes are
counted for such purpose, if (a) the material facts as to the transaction are
disclosed or are known to the Members entitled to vote thereon, and the contract
or transaction is specifically approved in good faith by vote of the
disinterested Members; and (b) the transaction is fair as to the Company as of
the time it is authorized, approved or ratified by the Manager or the Members.

                                  Page 8 of 28

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SECTION 4.4 MANAGER'S COMPENSATION AND REIMBURSEMENT

     The compensation, if any, of the Manager shall be fixed from time to time
by all of the Members. The reimbursement, if any, of the Manager for reasonable
expenses incurred in managing the Company may be allowed from time to time by
the Manager.

SECTION 4.5 TIME DEVOTED TO COMPANY

     The Manager shall devote such time to Company business as the Manager deems
necessary to manage and supervise Company business and affairs in an efficient
manner; but nothing in this Agreement shall preclude the employment of any
agent, third party or affiliate to manage or provide other services with respect
to the Company's assets or business as the Members shall determine.

SECTION 4.6 RECORDS AND REPORTS.

     The Manager, at the expense of the Company, shall keep or cause to be kept
adequate books of account and records (which books and records are to be the
property of the Company), setting forth a true and accurate account of the
business and affairs of the Company. The books of account of the Company will be
kept on the accrual basis method of accounting for financial accounting
reporting and federal income tax purposes and maintained in accordance with
GAAP. Such books and records are to be kept at the principal place of business
of the Company and are to include:

          (a) Information regarding the status of the business and financial
     condition of the Company.

          (b) A copy of the Company's federal, state and local income tax
     returns for each year.

          (c) A current list of the name and last known business, residence or
     mailing address of each Member and its Members interests.

          (d) A copy of this Agreement and the Certificate of Formation and all
     amendments to both.

          (e) Information regarding the amount of cash and a description and
     statement of the agreed value of any other property or services contributed
     by each Member and which each Member has agreed to contribute in the
     future, and the date on which each became a Member.

SECTION 4.7 FISCAL YEAR

     The fiscal year of the Company will be the calendar year for financial
reporting and federal income tax purposes.

                                  Page 9 of 28

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SECTION 4.8 REPORTS

     Unless other determined by the Members, the Manager shall cause to be
prepared and delivered to the Members:

          (a) Within 30 days after the end of each quarterly period of each
     fiscal year of the Company, an operating report for such quarterly period;

          (b) Within 30 days after the end of each of the first three quarterly
     periods of each fiscal year of the Company, an unaudited balance sheet and
     related unaudited statement of income and retained earnings (or changes in
     Member capital) and of cash flow for such quarterly period and for the
     portion of the fiscal year through the end of such fiscal quarter, setting
     forth in each case in comparative form the figures for the previous period;

          (c) Within 60 days after the end of each fiscal year of the Company, a
     regular annual audit of the Company's financial records by the Company's
     independent auditors, including an audited balance sheet of the Company as
     of the end of such fiscal year and a related audited statement of income,
     retained earnings (or changes in member capital) and of cash flow (and
     capital proceeds, if any) for such fiscal year, putting forth in each case
     in comparative form the figures for the previous fiscal year; and

          (d) At such time or times requested, such other or additional reports
     as may be reasonably requested by a Member.

SECTION 4.9 REQUIRED FILINGS

     The Manager shall cause the Company to file, at the Company's expense, on
or before the dates the same may be due, giving effect to extensions obtained,
all reports, returns and applications which may be required under the Act or any
other governmental or quasi-governmental body having jurisdiction. The Manager
shall furnish copies of all such reports, returns and applications to the
Members, such furnishing to occur not less than three business days prior to
filing except in the case of reports that are routine and non-substantive. All
reports, returns and applications which may be required by any taxing authority
will be handled by the Manager, pursuant to the provisions of Section 6.2.
Copies of all accounts, reports and other filings pertaining to the Company
furnished by a Member or the Company to any regulatory authority are to be
available to all Members upon request. Copies of all reports and notices
pertaining to the Company furnished by the accountants for the Company are to
also be available to all Members upon request.

SECTION 4.10 INSPECTION OF RECORDS

     The books and records of the Company will be open to inspection,
examination and audit and available for copying by each Member at all reasonable
times with reasonable prior notice. Any Member exercising its right to inspect,
examine, audit or copy all or any portion of such books and records will bear
all direct out-of-pocket expenses incurred by both that Member and the Company
in connection with the same.

                                 Page 10 of 28

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SECTION 4.11 ANNUAL BUDGET

     By not later than October 31 of each year, the Manager will prepare and
present to the Members an Annual Workplan and Budget for the succeeding fiscal
year for the Member's review and unanimous approval. If such Annual Workplan and
Budget is not approved, the Annual Workplan and Budget then in effect shall
continue in effect, adjusted by the percentage change in the Consumer Price
Index from the previous year, until a new Annual Workplan and Budget is
approved.

SECTION 4.12 LIABILITY OF MANAGER

     The Manager shall not be liable for the debts, liabilities, contracts or
other obligations of the Company; provided, however, that the Manager shall be
liable for any debts, liabilities, contracts or other obligations of the Company
incurred or agreed to by such Manager without authorization and in violation of
Section 4.1 of this Agreement.

                                   ARTICLE V

                                    OFFICERS

SECTION 5.1 OFFICERS

     The Manager may designate one or more individuals (who may or may not be
the Manager) to serve as officers of the Company. The Company shall have such
officers as the Manager may from time to time determine, which officers may (but
need not) include a Chairman, a President, one or more Vice Presidents (and in
case of each such Vice President, with such descriptive title, if any, as the
Manager shall deem appropriate), a Secretary, an Assistant Secretary and a
Treasurer. Any two or more offices may be held by the same person.

SECTION 5.2 COMPENSATION

     The compensation, if any, of all officers of the Company shall be fixed
from time to time by the Members acting unanimously.

SECTION 5.3 TERM OF OFFICE; REMOVAL; FILLING OF VACANCIES

     Each officer of the Company shall hold office until his successor is chosen
and qualified in his stead or until his earlier death, resignation, retirement
disqualification or removal from office. Any officer designated by the Manager
may be removed at any time by the Manager whenever in his judgment the best
interests of the Company will be served thereby, but such removal shall be
without prejudice to the contract rights, if any, of the person so removed.
Designation of an officer shall not of itself create contract rights. If the
office of any officer becomes vacant for any reason, the vacancy may be filled
by the Manager.

                                 Page 11 of 28

<PAGE>

SECTION 5.4 CHAIRMAN

     The Chairman, if one is designated by the Manager, shall preside at
meetings of the Manager and the Members. He shall assist the Manager in the
formulation of policies of the Company, and shall be available to other officers
for consultation and advice.

SECTION 5.5 PRESIDENT

     The President, if one is designated by the Manager, shall be the chief
executive officer of the Company and shall have general supervision of the
affairs of the Company.

SECTION 5.6 VICE PRESIDENTS

     Each Vice President that is designated by the Manager shall generally
assist the President and shall have such powers and perform such duties and
services as shall from time to time be prescribed or delegated to him by the
President or the Manager.

SECTION 5.7 SECRETARY

     The Secretary, if one is designated by the Manager, shall keep and account
for the records of the Company.

SECTION 5.8 ASSISTANT SECRETARY

     The Assistant Secretary, if one is designated by the Manager, shall
generally assist the Secretary.

SECTION 5.9 TREASURER

     The Treasurer, if one is designated by the Manager, shall be the chief
accounting and financial officer of the Company and shall have active control of
and shall be responsible for all matters pertaining to the accounts and finances
of the Company.

SECTION 5.10 ADDITIONAL POWERS AND DUTIES

     In addition to the foregoing especially enumerated duties, services and
powers, the several officers of the Company shall perform such other duties and
services and exercise such further powers as may be provided by statute, the
Certificate of Formation or this Agreement, or as the Manager may from time to
time determine or as may be assigned to them by any competent superior officer.
In addition to the designation of officers and the enumeration of their
respective duties, services and powers, the Manager may grant powers of
attorneys to individuals to act as agent for or on behalf of the Company, to do
any act which would be binding on the Company, to incur any expenditures on
behalf of or for the Company, or to execute, deliver and perform any agreements,
acts, transactions or other matters on behalf of the Company. Such powers of
attorney may be revoked or modified as deemed necessary by the Manager.

                                 Page 12 of 28

<PAGE>

                                   ARTICLE VI

                  ACCOUNTING AND TAX MATTERS; REPORTS; BANKING

SECTION 6.1 BOOKS AND RECORDS; CAPITAL ACCOUNTS

     An individual capital account shall be established and maintained by the
Company for each Member in accordance with the applicable provisions of the Code
and the Treasury Regulations, including Section 1.704-1(b)(2)(iv). The Manager,
after notice to the Members, is authorized to modify the manner in which the
capital accounts are maintained if the Manager determines that such
modification (a) is required or prudent to comply with the Treasury
Regulations and (b) is not likely to have a material effect on the amounts
distributable to any Member upon the dissolution of the Company.

SECTION 6.2 RETURNS TAX

     The Manager shall prepare or cause to be prepared and timely file all
federal, state and local income and other tax returns and reports as may be
required as a result of the business of the Company.

SECTION 6.3 TAX MATTERS PERSON

     JENCOM shall be the initial tax matters person ("TMP") under Section 6231
of the Code. A TMP may be removed, and a successor TMP be selected, by the
majority vote of the Members. The TMP shall not take any actions (including
without limitation extending the statute of limitations, filing a request for
administrative adjustment filing suit concerning any Company tax matter, or
entering into a settlement agreement relating to any Company tax matter), or
execute or file any statements or forms, on behalf of the Company unless and
until the TMP is authorized to do so by the majority vote of the Members.

SECTION 6.4 TAX ELECTIONS

     The manager shall make or cause to be made such accounting and tax
elections as directed by the unanimous vote of the Members.

SECTION 6.5 BANK ACCOUNTS; INVESTMENT OF COMPANY FUNDS

     The Manager shall cause one or more accounts to be maintained in the name
of the Company in one or more banks, which accounts shall be used for the
payment of expenditures incurred in connection with the business of the Company
and in which shall be deposited any and all receipts of the Company. All such
accounts shall be and remain the property of the Company and shall be received,
held and disbursed for the purposes specified in this Agreement. There shall not
be deposited in any of such accounts any funds other than funds belonging to the
Company, and no other funds shall in any way be commingled with such funds. The
Manager

                                 Page 13 of 28

<PAGE>

may invest the Company funds in accordance with written investment guidelines
established from time to time by the Manager approved by all the Members.

                                  ARTICLE VII

    TRANSFER OF COMPANY INTERESTS, WITHDRAWAL OF MEMBERS, BUY/SELL PROVISIONS

SECTION 7.1 ASSIGNMENT AND TRANSFER

     A. No membership interest or other interest of a Member in the Company may
be transferred or assigned (including any collateral assignment or pledge of any
interest in the Company), in whole or in part, by such Member, and no transferee
or assignee thereof may be admitted as a substituted Member of the Company,
unless and until, in each instance:

     1.   A duly executed and acknowledged instrument of assignment, setting
          forth the intention of the assignor that the assignee become a
          substituted Member in its place, is delivered to the remaining Member,

     2.   The assignor and assignee execute and acknowledge such other
          instruments (if any) as the remaining Member reasonably may deem
          necessary or desirable to effect such admission, which shall include
          the written acceptance and adoption by the assignee of the provisions
          of this Agreement and may include the assumption of any unperformed
          obligation of the assignor provided that such assignor shall not
          thereby be released from any of its unperformed obligations that arose
          on or prior to the date of the assignment, specifically including,
          without limitation, its obligations hereunder to make Capital
          Contributions required prior to the date of the assignment on the
          terms herein provided;

     3.   The written consent of the other Member of the Company, which consent
          may not be unreasonably witheld, shall have been obtained;

     4.   Such interest shall first be offered to the remaining Member for a
          period of thirty (30) days at a price (the "OFFER PURCHASE PRICE")
          equal to that intended to be offered by the selling Member to third
          parties. If the remaining Member elects to exercise the right of first
          offer granted hereby, it must make an offer on the entire interest
          intended to be offered by the selling Member. If the selling Member
          has not received a written offer from the remaining Member on terms
          satisfactory to it within such thirty (30) day period, it shall then
          be free, subject to the provisions of this Article VII, to sell the
          interest offered to the remaining Member on the terms of the offer. If
          the selling Member fails to so dispose of its interest within one
          hundred eighty (180) days from its right to do so, the first offer
          procedure established by this Section 7.1 shall be reinstated. In the
          event a Member elects to exercise the right of first offer granted
          hereby, the price shall be payable in the manner and on the terms of
          the third party offer;

                                 Page 14 of 28

<PAGE>

     B. Notwithstanding anything to the contrary contained in this Article VII,
JENCOM may from time to time transfer its interest in the Company, or any part
thereof, to an Affiliate or from such Affiliate back to JENCOM without the
consent of any other Member that might otherwise be required; provided, however,
that no such transferee shall be admitted as substitute Member in the Company
unless and until JENCOM complies with the notice and documentation requirements
of Section 7.1 A (1,2,3). Notwithstanding any such transfer, JENCOM shall remain
obligated for all of its obligations hereunder arising both before and after
such transfer, and shall, as a condition of the transfer, expressly confirm its
obligations to the remaining Members at the time of the transfer.

     C. Notwithstanding anything to the contrary contained in this Article VII,
WWWX may from time to time transfer its interest in the Company, or any part
thereof, to any entity which is owned or controlled by it or from such entity
back to WWWX without the consent of any other Member that might otherwise be
required; provided, however, that no such transferee shall be admitted as
substitute Member in the Company unless and until WWWX complies with the notice
and documentation requirements of Section 7.1 A(1,2,3), and the consent required
is obtained. Notwithstanding any such transfer, WWWX shall remain obligated for
all of its obligations hereunder arising both before and after such transfer,
and shall, as a condition of the transfer, expressly confirm its obligations to
the remaining Member at the time of the transfer.

SECTION 7.2 EXPENSES

     Expenses of the Company or of any non-transferring Member occasioned by
transfers of interests held by Members shall be reimbursed to the Company or
such Member, as the case may be, by the transferring Member. Expenses of the
transferring Member and taxes incurred by any non-transferring Member are not
included within the foregoing reimbursement.

SECTION 7.3 WITHDRAWAL OF MEMBERS

     No Member may voluntarily withdraw or retire from the Company except upon
the assignment of its entire interest in the Company (if and as permitted by
this Article VII) or upon the surrender, abandonment or other voiding of its
interest pursuant to the next succeeding sentence hereof. Any Member may, by at
least thirty (30) days prior written notice delivered to the remaining Member,
renounce its interest in all current and future profits, losses and
distributions of the Company, and abandon to the Company its capital
contributions; provided, however, that any such surrender, abandonment or other
voiding shall not in any case affect the withdrawing Members obligations
hereunder, including specifically, but without limitation, each Members
respective obligations under Article III hereof to continue to make Additional
Capital Contributions or Members' Loans as and to the extent called for or
otherwise required thereunder.

SECTION 7.4 DEATH, LEGAL INCAPACITY, DISSOLUTION OR BANKRUPTCY OF A MEMBER

     Upon the death, legal incapacity, dissolution or bankruptcy of a Member,
subject to the terms, conditions and rights provided for under Section VI I
hereof, its successor or assign will have all the rights of the Member for the
purpose of settling or managing its estate, and such

                                 Page 15 of 28

<PAGE>

power as the deceased, incapacitated, dissolved or bankrupt Member possessed to
constitute a successor as an assignee of its interest in the Company and to join
with such assignee in making application to substitute such assignee as a
substituted member.

SECTION 7.5 STATUS OF INTERESTS TRANSFERRED

     In any transfer, assignment or conveyance (or retransfer, reassignment or
reconveyance) of any Participation Percentage herein by a Member to the other
Member or other Person in a manner specifically permitted by the express terms
of this Agreement or by operation of law, the transferee or assignee shall
succeed to the same share of profits and losses of the Company and the same
Participation Percentages, distribution priorities and ownership rights as were
incident to the interest so transferred, assigned or conveyed.

                                  ARTICLE VIII

                           DISSOLUTION AND TERMINATION

SECTION 8.1 DISSOLUTION

     A.   The Company will be dissolved:

          1.   upon the withdrawal, removal, bankruptcy or dissolution of a
               Member, as provided herein or otherwise by the Act, unless the
               remaining Member(s) unanimously agree to continue the business of
               the Company (if more than one Member remains) within ninety (90)
               days after the occurrence of such event or if otherwise agreed to
               by the Members;

          2.   provided however, that the Company shall not terminate until its
               affairs have been wound up and its assets distributed as provided
               herein or as otherwise provided herein.

     B. As used in Section VIII hereof, the term bankruptcy shall mean (i) the
commencement of a Member of a voluntary case under any Chapter of the Bankruptcy
Code (Title 11 of the United States Code), as now or hereafter in effect, or the
taking by a Member of any equivalent or similar action by the filing of a
petition or otherwise under any other federal or state law in effect at the time
relating to bankruptcy or insolvency, (ii) the filing of a petition against a
Member under any Chapter of the Bankruptcy Code (Title 11 of the United States
Code), as now or hereafter in effect, or the filing of a petition seeking any
equivalent or similar relief against a Member under any other federal or state
law in effect as of the time relating to bankruptcy or insolvency, and in either
case the failure by such Member to secure the discharge of any other such
petition within sixty (60) consecutive days from the date of filing, (iii) the
making by a Member of a general assignment for the benefit of his, its or any of
their creditors, (iv) the appointment of a receiver, trustee, custodian or
similar officer for a Member or for the property of a Member and the failure by
such Member to secure the discharge of such receiver, trustee, custodian or
similar officer within sixty (60) consecutive days from the date of

                                 Page 16 of 28

<PAGE>

appointment, or (v) the admission in writing by a Member of any inability to pay
debts generally as they become due.

SECTION 8.2 APPOINTMENT OF LIQUIDATING MEMBER

     Upon the dissolution of the Company, if the Company's business is not
continued pursuant to this Section VIII, subject in any event top the rights of
any Member under Section VII hereof, the Manager or its designee shall liquidate
the assets and wind up the affairs of the Company on the terms hereinafter set
forth.

SECTION 8.3 DISTRIBUTIONS AND OTHER MATTERS

     Promptly upon the dissolution of the Company, if the Company's business is
not continued pursuant to Section VIl hereof, and in any event subject to the
rights of any Member under Section VII hereof, the Manager will cause the assets
of the Company to be liquidated. After proper adjustment to the Capital Accounts
pursuant to Section III (giving effect to all contributions, distributions, and
allocations for all taxable years, including the taxable year during which such
liquidation occurs), the proceeds of the liquidation of the Company shall be
applied and distributed in the following order: (i) to the discharge of all of
the Company's debts and liabilities (whether by payment or the making of
reasonable provision for payment thereto, other than those to any of the
Members, including expenses of liquidation, (ii) to the setting up of any
reserves which the liquidator may deem reasonably necessary for any contingent
liabilities or obligations of the Company, (iii) to the payment and discharge of
any debts and liabilities of the Company to any of the Members, and (iv) to the
Members to the extent of their positive Capital Accounts.

SECTION 8.4 DISTRIBUTIONS OF PROPERTY

     A. Upon liquidation, the Members may demand or receive property other than
cash in return for their respective contributions, loans or advances or upon
dissolution as provided herein, but only upon the written approval of the
Manager.

     B. In the event that property is distributed (or deemed distributed
pursuant to the provisions of Code Section 708) by the Company to a Member, the
following special rules shall apply:

     1.   the Capital Accounts of the Members shall be adjusted as provided in
          Treasury Regulations Section 1.704-1(b)(2)(iv)(e) to reflect the
          manner in which the unrealized income, gain, loss and deduction
          inherent in such property (that has not already been reflected in the
          Members' Capital Accounts) would be allocated to such Member if there
          were a taxable disposition of such property for its fair market value
          on the date of distribution; and

     2.   the Capital Account of the Member who is receiving the distribution of
          property from the Company shall be charged with the fair market value
          of the property at the time of distribution (net of liabilities
          secured by such distributed property that

                                 Page 17 of 28

<PAGE>

          such Member is considered to assume or take subject to under Code
          section 752).

SECTION 8.5 ACTION DURING LIQUIDATION: STATEMENTS OF ACCOUNT

     A. A reasonable time shall be allowed for the winding up of the affairs of
the Company in order to minimize any losses otherwise attendant upon such a
winding up. The Manager shall make final distributions in liquidation of the
Company in the manner set forth above before the later of (1) the end of the
taxable year in which the date of the liquidation of the Company occurs, or (ii)
90 days after the date of the liquidation of the Company. For this purpose, the
date of the liquidation of the company shall be the date on which the Company
has ceased to be a going concern (within the meaning of Treasury Regulation
Section 1.704-1 (b)(2)(ii)(g).

     B. During the period of liquidation, the Manager, as trustee for the
benefit of all Members as tenants in common, will take any and all action
necessary or appropriate to complete such liquidation and distribution as
provided in this Article, having for such purpose all of the powers enumerated
in Article IV of this Agreement necessary or appropriate to accomplish the same.

     C. The Manager will prepare or cause to be prepared a final statement of
the accounts of the Company as of the date of termination, and, as promptly as
possible thereafter, a copy thereof will be furnished to each Member. Such
statement will set forth the actual or contemplated application and distribution
of the assets of the Company. Upon completion of distribution as required
hereby, a further statement for the period of liquidation will be so prepared by
the Manager and furnished to each Member.

                                   ARTICLE IX

                    REPRESENTATIONS, WARRANTIES AND COVENANTS

SECTION 9.1 REPRESENTATIONS AND WARRANTIES.

     A.   WWWX represents and warrants to JENCOM, and its successors and assigns
          as follows:

     1.   WWWX is a publicly traded (OTC:BB) company, duly organized, validity
          existing and in good standing under the laws of the State of Delaware.

          2. This Agreement has been duly and validly executed and delivered by
          WWWX and constitutes its legal, valid and binding obligation,
          enforceable in accordance with the terms hereof, and no authorization,
          consent, approval, license, exemption or other action by, and no
          registration, qualification, designation, declaration or filing with,
          any governmental body or agency is or will be necessary or advisable
          in connection with the execution and delivery by WWWX of this
          Agreement.

                                 Page 18 of 28

<PAGE>

     3.   Neither the execution and delivery of this Agreement, nor the
          consummation of the transactions herein contemplated, nor the
          performance of or compliance with the terms and conditions hereof,
          will conflict with or result in a breach of or default under any
          agreement or instrument to which WWWX, is a party or by which it or
          its properties (now owned or hereafter acquired) may be subject or
          bound.

     4.   There is no pending or (to their knowledge after due inquiry)
          threatened proceeding by or before any court or governmental agency
          against or affecting WWWX or any of its stockholders which, if
          adversely decided, would have an adverse affect on the business,
          operations or conditions, financial or otherwise, of the Company, or
          on the ability of WWWX to perform its obligations hereunder or
          otherwise contemplated hereby, and no proceeding is pending or
          threatened against WWWX under any Federal or State bankruptcy or
          insolvency law.

     5.   WWWX has filed all federal, state, local and foreign income,
          franchise, real and personal property, and other tax returns,
          estimates and statements which were required to be filed, has paid all
          taxes (whether income, sales, use, property, unemployment, social
          security, import duties, export duties and/or other) as shown on said
          returns, estimates and statements, and has made appropriate provision
          for the payment of all such taxes where returns, estimates and
          statements are not yet required to be filed. All said tax returns and
          statements correctly set forth and report the entire liability of WWWX
          for such taxes.

     6.   WWWX has no knowledge of any intention of any of its key employees to
          sever employment arrangements with WWWX, and has no knowledge of any
          plan or intention of any of its principal customers to cancel
          presently existing contracts or other material business arrangements
          or relationship with WWWX, or to take any other action which would
          adversely affect the business, operation or anticipated earnings of
          WWWX.

     7.   There are no controversies pending or threatened between WWWX and any
          of its employees and WWWX has not taken or failed to take any action,
          which would provide a reasonable basis for any such controversy. WWWX
          has complied with all laws relating to the employment of labor,
          including any provisions thereof relating to wages, hours, collective
          bargaining and the payment of social security and similar taxes, and
          WWWX is not liable for any arrears of wages or any taxes or penalties
          for failure to comply with any of the foregoing. WWWX has no knowledge
          of any organizational efforts presently being made or threatened by or
          on behalf of any labor union in respect of WWWX or its employees.

     8.   The JenCom Assets contributed by WWWX to the Company include and
          constitute the identified assets in the acquisition agreement.

                                 Page 19 of 28

<PAGE>

     9.   WWWX has and expects to continue to have the authority and resources
          to fully consummate in a timely fashion the transactions contemplated
          by this Agreement and the other documents, instruments and agreements
          to be executed by and between WWWX and the Company concurrent with the
          execution and delivery of this Agreement.

     10.  None of the information and documents furnished by WWWX or its
          representatives to the Company or any other Member of the Company in
          connection with the execution and delivery of this Agreement is false
          or misleading in any material respect or contains any material
          misstatement of fact or omits to state a material fact required to be
          stated to make the statements therein not misleading. WWWX has
          disclosed to the Company and each of the other Members of the Company
          all information known to WWWX which is material and relevant to the
          execution and delivery of this Agreement and the formation of the
          Company as contemplated hereby.

     B. JENCOM represents and warrants to WWWX, and its successors and assigns
as follows:

     1.   JENCOM is a Company, duly organized, validity existing and in good
          standing under the laws of the State of Delaware.

     2.   This Agreement has been duly and validly executed and delivered by
          JENCOM and constitutes its legal, valid and binding obligation,
          enforceable in accordance with the terms hereof, and no authorization,
          consent, approval, license, exemption or other action by, and no
          registration, qualification, designation, declaration or filing with,
          any governmental body or agency is or will be necessary or advisable
          in connection with the execution and delivery by JENCOM of this
          Agreement.

     3.   Neither the execution and delivery of this Agreement, nor the
          consummation of the transactions herein contemplated, nor the
          performance of or compliance with the terms and conditions hereof,
          will conflict with or result in a breach of or default under any
          agreement or instrument to which JENCOM, is a party or by which it or
          its properties (now owned or hereafter acquired) may be subject or
          bound.

     4.   There is no pending or (to their knowledge after due inquiry)
          threatened proceeding by or before any court or governmental agency
          against or affecting JENCOM or any of its stockholders which, if
          adversely decided, would have an adverse affect on the business,
          operations or conditions, financial or otherwise, of JENCOM, or on the
          ability of JENCOM to perform its obligations hereunder or otherwise
          contemplated hereby, and no proceeding is pending or threatened
          against JENCOM under any Federal or State bankruptcy or insolvency
          law.

     5.   JENCOM has filed all federal, state, local and foreign income,
          franchise, real and personal property, and other tax returns,
          estimates and statements which were

                                 Page 20 of 28

<PAGE>

          required to be filed, has paid all taxes (whether income, sales, use,
          property, unemployment, social security, import duties, export duties
          and/or other) as shown on said returns, estimates and statements, and
          has made appropriate provision for the payment of all such taxes where
          returns, estimates and statements are not yet required to be filed.
          All said tax returns and statements correctly set forth and report the
          entire liability of JENCOM for such taxes.

     6.   JENCOM has no knowledge of any intention of any of its key employees
          to sever employment arrangements with JENCOM, and has no knowledge of
          any plan or intention of any of its principal customers to cancel
          presently existing contracts or other material business arrangements
          or relationship with JENCOM, or to take any other action which would
          adversely affect the business, operation or anticipated earnings of
          JENCOM.

     7.   There are no controversies pending or threatened between JENCOM and
          any of its employees and JENCOM has not taken or failed to take any
          action, which would provide a reasonable basis for any such
          controversy. JENCOM has complied with all laws relating to the
          employment of labor, including any provisions thereof relating to
          wages, hours, collective bargaining and the payment of social security
          and similar taxes, and JENCOM is not liable for any arrears of wages
          or any taxes or penalties for failure to comply with any of the
          foregoing. JENCOM has no knowledge of any organizational efforts
          presently being made or threatened by or on behalf of any labor union
          in respect of JENCOM or its employees.

     8.   The JenCom Assets contributed by WWWX to the Company include and
          constitute the identified assets in the acquisition agreement.

     9.   JENCOM has and expects to continue to have the authority and resources
          to fully consummate in a timely fashion the transactions contemplated
          by this Agreement and the other documents, instruments and agreements
          to be executed by and between JENCOM and the Company concurrent with
          the execution and delivery of this Agreement.

     10.  None of the information and documents furnished by JENCOM or its
          representatives to the Company or any other Member of the Company in
          connection with the execution and delivery of this Agreement is false
          or misleading in any material respect or contains any material
          misstatement of fact or omits to state a material fact required to be
          stated to make the statements therein not misleading. JENCOM has
          disclosed to the Company and each of the other Members of the Company
          all information known to JENCOM which is material and relevant to the
          execution and delivery of this Agreement and the formation of the
          Company as contemplated hereby.

                                 Page 21 of 28

<PAGE>

                                   ARTICLE X

                                   AMENDMENTS

SECTION 10.1 AMENDMENTS

     The power to adopt, alter, amend or repeal this Agreement is vested solely
in the Members. This Agreement may be altered, amended or repealed, or a new
limited liability company agreement may be adopted, only by the unanimous vote
or consent of the Members. The Manager may not adopt, alter, amend or repeal any
provision of this Agreement.

                                   ARTICLE XI

                                  MISCELLANEOUS

SECTION 11.1 MANNER OF GIVING NOTICE

     Except as otherwise expressly provided in this Agreement, all notices,
demands, requests, or other communications required or permitted to be given
pursuant to this Agreement shall be in writing and shall be given either (a) in
person upon an executive officer, (b) by mail, certified or registered, return
receipt requested, postage prepaid, (c) by prepaid telegram, telex, cable,
telecopy, or similar means (with signed confirmed copy to follow by mail in the
same manner as prescribed by clause (b) above) or (d) by expedited delivery
service (charges prepaid) with proof of delivery. For purposes of the foregoing,
any notice required or permitted to be given shall be deemed to be delivered and
given on the date actually delivered to the address specified in this Article
II.

SECTION 11.2 WAIVER OF NOTICE

     Whenever any notice is required to be given to any Member or the Manager of
the Company under the provisions of the Act, the Certificate of Organization or
this Agreement, a waiver thereof in writing signed by the person or persons
entitled to such notice, whether before or after the time stated therein, shall
be deemed equivalent to the giving of such notice.

SECTION 11.3 NO COMPANY SEAL

     The Company shall not have a Company seal, and no agreement, instrument or
other document executed on behalf of the Company that would otherwise be valid
and binding on the Company shall be invalid or not binding on the Company solely
because no Company seal is affixed thereto.

SECTION 11.4 PUBLIC ANNOUNCEMENTS.

     Except as otherwise required by law, each Member shall consult with the
other Members prior to issuing any public announcement, statement or other
disclosure with respect to the Company, such Member's participation therein and
the transactions contemplated by this

                                 Page 22 of 28

<PAGE>

Agreement and shall not issue any such announcement, statement or disclosure
without the consent of all Members.

                                 Page 23 of 28

<PAGE>

     IN WITNESS WHEREOF, the undersigned have executed this instrument as of the
day and year first above written.

WORLDWIDE WEB NETWORX CORPORATION

BY: //s//  WARREN ROTHSTEIN
   ------------------------------

TITLE:     Chairman
      ---------------------------

JENCOM DIGITAL TECHNOLOGIES, LLC

BY: //s//  HENRY KAUFTHEIL
   ------------------------------

TITLE:     Manager
      ---------------------------<PAGE>
                                                                   Exhibit 10.39

                                                                  EXECUTION COPY

                                  CONFIDENTIAL

                 ----------------------------------------------

                              AMENDED AND RESTATED
                               OPERATING AGREEMENT

                                       OF

                            INTERCOMMERCE CHINA, LLC

               -------------------------------------------------

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                               PAGE
<S>                                                                                                            <C>
ARTICLE I                  FORMATION OF LIMITED LIABILITY COMPANY
                           GENERAL PROVISIONS....................................................................1

         Section 1.1       Formation.............................................................................1

         Section 1.2       Name..................................................................................1

         Section 1.3       Purpose...............................................................................1

         Section 1.4       Offices...............................................................................2

         Section 1.5       Nature of Partners' Interests, Non-Partition..........................................2

         Section 1.6       Duration of Company...................................................................2

         Section 1.7       Further Assurances....................................................................2

         Section 1.8       Classification for Tax Purposes.......................................................2

ARTICLE II                 MEMBERS, MEMBERSHIP INTERESTS AND CAPITAL .............................................
                           CONTRIBUTIONS; LOANS..................................................................3

         Section 2.1       Membership and Participation Percentages..............................................3

         Section 2.2       Capital Accounts......................................................................4

         Section 2.3       Use of Capital Contributions and Loans................................................4

         Section 2.4       Additional Capital Contributions / Members' Loans.....................................4

         Section 2.5       Operating Deficits....................................................................4

         Section 2.6       Permitted Outside Activities..........................................................5

         Section 2.7       Liability of Members..................................................................5

         Section 2.8       Option to Acquire Membership Interests................................................5

ARTICLE III                MEETINGS OF MEMBERS...................................................................6

         Section 3.1       Annual Meetings; Special Meetings.....................................................6

         Section 3.2       Place of Meetings.....................................................................6

         Section 3.3       Notice of Meetings....................................................................6

         Section 3.4       Quorum of and Action by Members.......................................................6

         Section 3.5       Voting by Members.....................................................................6

         Section 3.6       Action Without a Meeting; Telephone Meetings..........................................7

ARTICLE IV                 MANAGEMENT............................................................................7

         Section 4.1       Management............................................................................7

         Section 4.2       Liability: Indemnification of the Manager.............................................9

         Section 4.3       Interested Manager and Officers.......................................................9

         Section 4.4       Manager's Compensation and Reimbursement..............................................9

         Section 4.5       Time Devoted to Company...............................................................9
</TABLE>

                                      -i-
<PAGE>

                                TABLE OF CONTENTS
                                  (CONTINUED)

<TABLE>
<CAPTION>
                                                                                                               PAGE
<S>                                                                                                            <C>
         Section 4.6       Records and Reports..................................................................10

         Section 4.7       Fiscal Year..........................................................................10

         Section 4.8       Reports..............................................................................10

         Section 4.9       Required Filings.....................................................................11

         Section 4.10      Inspection of Records................................................................11

         Section 4.11      Annual Budget........................................................................11

         Section 4.12      Liability of Manager.................................................................12

         Section 4.13      Distribution and Operating Agreement.................................................12

         Section 4.14      Consulting Agreement.................................................................12

ARTICLE V                  OFFICERS.............................................................................13

         Section 5.1       Officers.............................................................................13

         Section 5.2       Compensation.........................................................................13

         Section 5.3       Term of Office; Removal; Filling of Vacancies........................................13

         Section 5.4       Chairman.............................................................................13

         Section 5.5       President............................................................................13

         Section 5.6       Vice Presidents......................................................................13

         Section 5.7       Secretary............................................................................14

         Section 5.8       Assistant Secretary..................................................................14

         Section 5.9       Treasurer............................................................................14

         Section 5.10      Additional Powers and Duties.........................................................14

ARTICLE VI                 ACCOUNTING AND TAX MATTERS; REPORTS; BANKING.........................................14

         Section 6.1       Books and Records; Capital Accounts..................................................14

         Section 6.2       Returns Tax..........................................................................15

         Section 6.3       Tax Matters Person...................................................................15

         Section 6.4       Tax Elections........................................................................15

         Section 6.5       Bank Accounts; Investment of Company Funds...........................................15

ARTICLE VII                TRANSFER OF COMPANY INTERESTS, WITHDRAWAL OF

                           MEMBERS, BUY/SELL PROVISIONS.........................................................15

         Section 7.1       Assignment and Transfer..............................................................15

         Section 7.2       Expenses.............................................................................16

         Section 7.3       Withdrawal of Members................................................................17

         Section 7.4       Death, Legal Incapacity, Dissolution or Bankruptcy of a Member.......................17

         Section 7.5       Status of Interests Transferred......................................................17
</TABLE>

                                      -ii-
<PAGE>

                                TABLE OF CONTENTS
                                  (CONTINUED)

<TABLE>
<CAPTION>
                                                                                                               PAGE
<S>                                                                                                            <C>
ARTICLE VIII               DISSOLUTION AND TERMINATION..........................................................17

         Section 8.1       Dissolution..........................................................................17

         Section 8.2       Appointment of Liquidating Member....................................................18

         Section 8.3       Distributions and Other Matters......................................................18

         Section 8.4       Distributions of Property............................................................19

         Section 8.5       Action During Liquidation: Statements of Account.....................................19

ARTICLE IX                 REPRESENTATIONS, WARRANTIES AND COVENANTS............................................20

         Section 9.1       Representations and Warranties.......................................................20

ARTICLE X                  NON-COMPETITION......................................................................21

         Section 10.1      Non-Competition......................................................................21

ARTICLE XI                 AMENDMENTS...........................................................................21

         Section 11.1      Amendments...........................................................................21

ARTICLE XII                MISCELLANEOUS........................................................................21

         Section 12.1      Manner of Giving Notice..............................................................21

         Section 12.2      Waiver of Notice.....................................................................21

         Section 12.3      No Company Seal......................................................................22

         Section 12.4      Public Announcements.................................................................22
</TABLE>

                                     -iii-

<PAGE>

                              AMENDED AND RESTATED
                             OPERATING AGREEMENT OF
                            INTERCOMMERCE CHINA, LLC
                      A DELAWARE LIMITED LIABILITY COMPANY

         This Amended and Restated Limited Liability Company Agreement (this
"AGREEMENT") of InterCommerce China, LLC (the "COMPANY"), a limited liability
company organized pursuant to the Delaware Limited Liability Company Law of 1994
(as amended, the "ACT"), made as of the 7th day of January, 2000, is entered
into by and between WorldWide Web NetworX Corporation ("WWWX"), a Delaware
corporation, International Commerce Exchange Systems, Inc. ("ICES") a Delaware
corporation, Lester Wolff International Investment, Ltd. ("LWI"), a New York
corporation, Henry Kauftheil ("HK"), Peter Zhenxiang Lu ("PZL") and Uncas
Holdings Limited Partnership ("UNCAS") a Nevada limited partnership, and amends
and restates in its entirety the Limited Liability Company Agreement of the
Company dated as of February 9, 1999 (the "PRIOR AGREEMENT").

                                   ARTICLE I

            FORMATION OF LIMITED LIABILITY COMPANY GENERAL PROVISIONS

SECTION 1.1       FORMATION

         ICES, LWI and HK have heretofore formed and now together with WWWX, PZL
and UNCAS shall operate a limited liability company under the Act and in
accordance with the terms of this Agreement and the Company's Articles of
Organization. The Company shall exist under and be governed by, and this
Agreement shall be construed in accordance with, the laws of the State of
Delaware. The parties have caused to be filed with the Secretary of State of
Delaware the Certificate of Formation of the Company.

SECTION 1.2       NAME

         The name of the Company shall be Inter Commerce China, LLC, and all
business of the Company shall be conducted in such name or in such operational
names as determined, from time to time by the Manager.

SECTION 1.3       PURPOSE

         The parties desire to form and operate the Company pursuant to this
Agreement and other related documents and instruments, as a limited liability
company under Delaware law. The purpose and character of the business of the
Company shall be to develop products and services utilizing modern technology
and to carry on any other lawful business, purpose or activity which the
Required Members may from time to time determine. "Required Members" shall mean,
as of any date, Members which, in the aggregate, are entitled to cast not less
than 70 votes as

                                  Page 1 of 28
<PAGE>

determined in accordance with Section 3.5 hereof. The Company shall have all of
the powers provided for a limited liability company under the Act.

SECTION 1.4       OFFICES

         The principal place of business of the Company shall be 18 West 18th
Street, New York, NY, 10011, or such other principal place of business as the
Manager may from time to time determine. The Company may have, in addition to
such office, such other offices and places of business at such locations, both
within and without the State of Delaware, as the Manager may from time to time
determine or the business and affairs of the Company may require.

SECTION 1.5       NATURE OF PARTNERS' INTERESTS, NON-PARTITION

         The interests of the Members in the Company shall be personal property
for all purposes. All property owned by the Company, whether real or personal,
tangible or intangible, shall be owned by the Company as an entity, and no
Member individually shall have any ownership of such property. Except as
otherwise stated and provided herein, no Member shall be entitled to seek
partition of any Company property.

SECTION 1.6       DURATION OF COMPANY

         The term of the Company commenced upon the filing of the Certificate of
Formation with the Secretary of State of the State of Delaware and shall
continue in existence and be perpetual unless terminated pursuant to any
provisions of this Agreement or as otherwise provided by law.

SECTION 1.7       FURTHER ASSURANCES

         The parties hereto will execute whatever certificates and documents,
and will file, record and publish such certificates and documents, which are
required to form and operate a limited liability company under the Act.

SECTION 1.8       CLASSIFICATION FOR TAX PURPOSES

         The Members hereby acknowledge their intention that the Company be
classified, for federal and state income tax purposes, as a partnership and not
as an association taxable as a corporation, pursuant to Section 7701(a)(2) of
the Code, and agree that the provisions of this Agreement shall be construed in
a manner to give full effect to such intent.

                                  Page 2 of 28
<PAGE>

                                   ARTICLE II

         MEMBERS, MEMBERSHIP INTERESTS AND CAPITAL CONTRIBUTIONS; LOANS

SECTION 2.1       MEMBERSHIP AND PARTICIPATION PERCENTAGES

         The names, addresses and membership interest of each of the Members is
as follows:

<TABLE>
<CAPTION>
Names and Addresses                                  Participation Percentage
-------------------                                  ------------------------
<S>                                                  <C>
International Commerce Exchange Systems, Inc.                31.61%
18 West 18th Street
New York, NY  10011

WorldWide Web NetworX Corporation                            33.33%
521 Fellowship Road
Suite 130
Mt. Laurel, NJ  08054

Lester Wolff International Investment, Ltd.                  24.17%
5 North Drive
Great Neck, NY  11021

Henry Kauftheil                                              5.89%
18 West 18th Street
New York, NY  10011

Peter Zhenxiang Lu                                           4.50%
c/o American Nature International Inc.
104 East 40th Street
Suite 906
New York, New York 10016

Uncas Holding Limited Partnership                            0.50%
c/o Frank D. Scharf, General Partner
167 Uncas Point Road
Guilford, CT 06437

</TABLE>

                                  Page 3 of 28
<PAGE>

SECTION 2.2       CAPITAL ACCOUNTS

         The Company shall establish and maintain a Capital Account for each
Member in accordance with GAAP.

SECTION 2.3       USE OF CAPITAL CONTRIBUTIONS AND LOANS

         The Capital Contributions of the Members, all proceeds of Company
borrowings, and any Additional Capital Contributions and Members' Loans made
pursuant to this Agreement shall be used and applied for any Company purpose as
determined by the Required Members.

SECTION 2.4       ADDITIONAL CAPITAL CONTRIBUTIONS / MEMBERS' LOANS

         (A) Unless agreed to by all the Members, no Member shall be required to
make any Capital Contributions or Members' Loans to the Company.

         (B) At any time and from time to time after the date hereof, any Member
may (but shall not be obligated to) make Additional Capital Contributions or
Members' Loans to the Company, if the Required Members approve in advance each
such Additional Capital Contribution and Members' Loans.

         (C) If any Member advances any funds to the Company after the date of
this Agreement (except in the case of Additional Capital Contributions) with the
approval of the Required Members, such advances will be treated as Members'
Loans, will not increase such Members membership interest, and the amount
thereof will be a debt due from the Company to such Member, to be repaid with
interest thereon accruing at the fluctuating prime rate of interest published
from time to time by The Wall Street Journal (or, if The Wall Street Journal is
no longer published, the prime rate published in a publication of national
circulation selected by the Manager) plus two percent (2%), or as otherwise
unanimously approved by the Members.

SECTION 2.5       OPERATING DEFICITS

         In the event that the Manager determines that the Company requires
additional funds to meet operating expenses or required capital improvements, or
for any other proper Company purpose (in any such case, an "OPERATING DEFICIT"),
the Manager may either (1) request that the Members, pro rata in accordance with
their then respective Participation Percentages, advance funds in the amount so
required, but in no event will the Members be obligated to make such an advance,
(2) with the prior consent of the Required Members, obtain loans on such terms
as the Members approve, (3) if loans are not available on terms satisfactory to
the Required Members, obtain additional equity participation in the Company by
the admission of additional Members and the pro rata reduction of the existing
Members' membership interests, or (4) take such other actions, and explore and
pursue such other financing options as the Required Members may deem appropriate
under the circumstances.

                                  Page 4 of 28
<PAGE>

SECTION 2.6       PERMITTED OUTSIDE ACTIVITIES.

         The parties acknowledge that (a) the business of the Company may
involve business dealings with other businesses in which the parties or their
affiliates have an interest, (b) such parties and their affiliates may maintain
such other interests and activities, and (c) the Company, each party each waives
any rights it might otherwise have to share or participate in such other
interests or activities of each other party or their affiliates. For the
purposes of this Agreement, "affiliate" has the meaning set forth in Rule 12b-2
of the General Rule & Regulations under the Securities Exchange Act of 1934, as
amended.

SECTION 2.7       LIABILITY OF MEMBERS

         No Member shall be liable for the debts, liabilities, contracts or
other obligations of the Company except to the extent of any unpaid capital
contributions it has agreed to make to the Company and its share of the assets
(including undistributed revenues) of the Company; no Member shall be required
to make any loans or capital contributions to the Company, except as may be
agreed between a Member and the Company, with approval of the Members as herein
required. The Company shall indemnify and hold harmless each Member in the event
such Member (a) becomes liable, notwithstanding the preceding sentence, for any
debt, liability, contract or other obligation of the Company except to the
extent expressly provided in the preceding sentence or (b) is directly or
indirectly required to make any payments with respect thereto.

SECTION 2.8       OPTION TO ACQUIRE MEMBERSHIP INTERESTS.

         Each of the following persons has the right to purchase (the "OPTION")
a 0.625% interest in the Company (the "OPTION INTEREST"):

                            Jeffrey Neeman
                            Jacob Gold
                            Todd Hoffman
                            Mordechai Gelber
                            Warren Rothstein
                            Allan M. Cohen
                            Fang Yang
                            Marc Gingras

The Option may be exercised upon 30 days' prior written notice on or after the
first date of any filing by the Company, or any successor with the Securities
and Exchange Commission in connection with the public issuance of any class of
securities of the Company or any successor. The purchase price of each Option
Interest shall be thirty percent (30%) of the fair market value of the Option
Interest, as determined by the Required Members in their reasonable judgment, as
of the date of this Agreement, payable upon issuance of the Option Interest and
the issuance of the Option Interest shall be subject to the execution and
delivery of such documents or instruments as the Required Members may reasonably
request. The Option shall expire January 1, 2003.

                                  Page 5 of 28
<PAGE>

                                  ARTICLE III

                               MEETINGS OF MEMBERS

SECTION 3.1       ANNUAL MEETINGS; SPECIAL MEETINGS

         An annual meeting of the Members, commencing with the year 1999, shall
be held within four months following the end of the fiscal year of the Company.
At such meeting, the Members shall transact such business as may properly be
brought before the meeting. Special meetings of the Members, for any purpose or
purposes, unless otherwise prescribed by statute, may be called by any Member.
Only business within the purpose or purposes described in the notice of special
meeting of Members may be conducted at the meeting unless the Members otherwise
agree.

SECTION 3.2       PLACE OF MEETINGS

         Meetings of Members shall be held at such places, within or without the
State of Delaware, as may from time to time be fixed by the Manager or as shall
be specified or fixed in the respective notices or waivers of notice thereof.

SECTION 3.3       NOTICE OF MEETINGS

         Written or printed notice stating the place, day and hour of each
meeting of the Members and, in case of a special meeting, the purpose or
purposes for which the meeting is called, shall be delivered not less than five
nor more than 45 days before the date of the meeting, either personally or by
mail, telegram, express courier or telefax or similar communication, by or at
the direction of the person(s) calling the meeting, to each Member entitled to
vote at the meeting.

SECTION 3.4       QUORUM OF AND ACTION BY MEMBERS

         Seventy percent of the membership interests of the Members, represented
in person or by proxy, shall be requisite to and shall constitute a quorum at
each meeting of Members for the transaction of business, except as otherwise
provided by the Act. With respect to any matter, the vote of the Required
Members shall be required to constitute the act of the Members except as
otherwise required under the terms of this Agreement. The Members represented in
person or by proxy at a meeting of Members at which a quorum is not present may
adjourn the meeting until such time and to such place as may be determined by a
vote of the Required Members represented in person or by proxy at that meeting.
At any such adjourned meeting at which a quorum shall be present or represented,
any business may be transacted that might have been transacted at the meeting as
originally convened.

SECTION 3.5       VOTING BY MEMBERS

         A Member shall be entitled to a number of votes equal to the product of
such Member's membership interest (expressed as a percentage of 1.0) multiplied
times 100, on each matter

                                  Page 6 of 28
<PAGE>

submitted to a vote at a meeting of Members or otherwise. For example, a 33.33%
membership interest is entitled to 33.33 votes. At any meeting of the Members,
every Member having the right to vote shall be entitled to vote either in person
or by proxy executed in writing by such Member. A telegram, telex, cablegram or
similar transmission by the Member, or a photographic, photostatic, facsimile or
similar reproduction of a writing executed by the Member, shall be treated as an
execution in writing for purposes of this Section 3.5. No proxy shall be valid
after eleven months from the date of its execution unless otherwise provided in
the proxy. Each proxy shall be revocable unless the proxy form conspicuously
states that the proxy is irrevocable and the proxy is coupled with an interest.
Each proxy shall be delivered to the Manager prior to or at the time of the
meeting.

SECTION 3.6       ACTION WITHOUT A MEETING; TELEPHONE MEETINGS

         Any action required by the Act to be taken at any annual or special
meeting of Members, or any action which may be taken at any annual or special
meeting of Members, may be taken without a meeting, without prior notice, and
without a vote, if a consent or consents in writing, setting forth the action so
taken, shall be signed by all of the Members. A telegram, telex, cablegram or
similar transmission by a Member, or a photographic, photostatic, facsimile or
similar reproduction of a writing signed by a Member, shall be regarded as
signed by the Member for purposes of this Section 3.6. Subject to the provisions
of applicable law and this Agreement regarding notice of meetings, Members may
participate in and hold a meeting by using conference telephone or similar
communications equipment by means of which all persons participating in the
meeting can hear each other, and participation in a telephone meeting pursuant
to this Section 3.6 shall constitute presence in person at such meeting, except
when a person participates in the meeting for the express purpose of objecting
to the transaction of any business on the ground that the meeting was not
lawfully called or convened.

                                   ARTICLE IV

                                   MANAGEMENT

SECTION 4.1       MANAGEMENT

         The day to day business and affairs of the Company shall be managed,
subject to the terms and conditions set forth herein, by Henry Kauftheil (the
"MANAGER"); provided that the Manager shall have no authority, without the prior
approval of the Required Members to make the following major decisions (each
being a "MAJOR DECISION"):

         (a)      amendment of the Certificate of Formation of the Company;

         (b)      amendment of this Agreement;

         (c)      amendment of the Annual Work Plan and Budget of the Company to
                  be submitted for the Members' approval;

         (d)      approval of a transfer of a Members interest or admission of a
                  Member;

                                  Page 7 of 28
<PAGE>

         (e)      agreement to continue the business of the Company after an
                  event of dissolution specified in Section VIII;

         (f)      creation, incurrence, assumption, or guarantee of any
                  indebtedness for money borrowed, or an increase of the amount
                  of any indebtedness outstanding under any loan agreement,
                  mortgage, or other borrowing arrangement, in either case in
                  excess of the amounts approved in the Annual Work Plan and
                  Budget;

         (g)      assigning, transferring, pledging, compromising or releasing
                  of any of the claims of or debts due the Company except upon
                  payment in full, or arbitrating or consenting to the
                  arbitration of any of the disputes or controversies of the
                  Company;

         (h)      any action which would cause the Company to become a surety,
                  guarantor or accommodation party to any obligation;

         (i)      any action which would cause the Company to grant a security
                  interest to any third party in any of the Company's assets;

         (j)      making, executing, or delivering any assignment for the
                  benefit of creditors or taking any action on behalf of the
                  Company with respect to any bankruptcy decisions, including,
                  without limitation, initiating any bankruptcy or insolvency
                  proceedings, or liquidating, dissolving or winding up the
                  Company;

         (k)      acquiring or agreeing to acquire any equity interest in any
                  entity or any of such entity's assets or approval of a merger,
                  consolidation or other reorganization of the Company;

         (l)      making of, or entry into, any obligation on behalf of the
                  Company for a commitment, or making of any capital
                  expenditure, in excess of the amounts approved in the Annual
                  Work Plan and Budget;

         (m)      lending funds belonging to the Company to any Member or any
                  third party or extend to any person, firm or corporation,
                  credit on behalf of the Company, except for the extension of
                  credit in the ordinary course of the Company's business to
                  trade debtors in excess of the amounts approved in the Annual
                  Work Plan and Budget;

         (n)      making, execution or delivery of any contract or other
                  transaction with the officers of the Company or other related
                  party of the Company, including compensation of management;

         (o)      authorizing or approving a fundamental change in the business
                  of the Company, including a sale of all or substantially all
                  of its assets;

                                  Page 8 of 28
<PAGE>

         (p)      approving any other matter in which the approval of the
                  Members is expressly required by this Agreement or by the Act;
                  or

         (q)      entering into an agreement to do or effect any of the
                  foregoing.

SECTION 4.2       LIABILITY: INDEMNIFICATION OF THE MANAGER

         The Company shall indemnify, defend and hold harmless each Member, each
of their officers, directors, employee and agents, the Manager and each of its
officers, directors, employees and agents and such other officers appointed by
the Manager, and any other Person acting as an agent of the Company to whom the
Manager shall specifically and in writing have conferred rights hereunder (each,
an "INDEMNIFIED PERSON"), against any loss, expense, damage, claim, liability,
obligation, judgment or injury suffered or sustained by such Indemnified Person
by reason of any act, omission or alleged act or omission by such Indemnified
Person, arising out of such Indemnified Person's activities on behalf of the
Company or in furtherance of the interests of the Company, including, without
limitation, any judgment, award, settlement, reasonable attorneys' fees and
other costs or expenses incurred in connection with the defense of any actual or
threatened actions, proceedings or claims, all costs of which shall be charged
to and paid by the Company as incurred; provided, however, that the acts,
omissions or alleged acts or omissions upon which such actual or threatened
actions, proceedings or claims are based were performed or omitted in good faith
and within the scope of such Person's authority hereunder, and were not
fraudulent, in bad faith or a result of wanton and willful misconduct or gross
negligence by such Indemnified Person.

SECTION 4.3       INTERESTED MANAGER AND OFFICERS

         No transaction between the Company and one or more of its Members, the
Manager or officers, or between the Company and any other business entity in
which one or more of its Members, the Manager or officers have an interest shall
be void or voidable solely for this reason, or solely because the Manager or
officer is present at or participates in the meeting of the Manager which
authorizes the contract or transaction, or solely because his or their votes are
counted for such purpose, if (a) the material facts as to the transaction are
disclosed or are known to the Members entitled to vote thereon, and the contract
or transaction is specifically approved in good faith by vote of the
disinterested Members; and (b) the transaction is fair as to the Company as of
the time it is authorized, approved or ratified by the Manager or the Members.

SECTION 4.4       MANAGER'S COMPENSATION AND REIMBURSEMENT

         The compensation, if any, of the Manager shall be fixed from time to
time by the Required Members. The reimbursement, if any, of the Manager for
reasonable expenses incurred in managing the Company may be allowed from time to
time by the Manager.

SECTION 4.5       TIME DEVOTED TO COMPANY

                                  Page 9 of 28
<PAGE>

         The Manager shall devote such time to Company business as the Manager
deems necessary to manage and supervise Company business and affairs in an
efficient manner; but nothing in this Agreement shall preclude the employment of
any agent, third party or affiliate to manage or provide other services with
respect to the Company's assets or business as the Members shall determine.

SECTION 4.6       RECORDS AND REPORTS.

         The Manager, at the expense of the Company, shall keep or cause to be
kept adequate books of account and records (which books and records are to be
the property of the Company), setting forth a true and accurate account of the
business and affairs of the Company. The books of account of the Company will be
kept on the accrual basis method of accounting for financial accounting
reporting and federal income tax purposes and maintained in accordance with
GAAP. Such books and records are to be kept at the principal place of business
of the Company and are to include:

                  (a) Information regarding the status of the business and
financial condition of the Company.

                  (b) A copy of the Company's federal, state and local income
tax returns for each year.

                  (c) A current list of the name and last known business,
residence or mailing address of each Member and its Members interests.

                  (d) A copy of this Agreement and the Certificate of Formation
and all amendments to both.

                  (e) Information regarding the amount of cash and a description
and statement of the agreed value of any other property or services contributed
by each Member and which each Member has agreed to contribute in the future, and
the date on which each became a Member.

SECTION 4.7       FISCAL YEAR

         The fiscal year of the Company will be the calendar year for financial
reporting and federal income tax purposes.

SECTION 4.8       REPORTS

         Unless other determined by the Required Members, the Manager shall
cause to be prepared and delivered to the Members:

                  (a) Within 30 days after the end of each quarterly period of
each fiscal year of the Company, an operating report for such quarterly period;

                  (b) Within 30 days after the end of each of the first three
quarterly periods of each fiscal year of the Company, an unaudited balance sheet
and related unaudited statement of

                                 Page 10 of 28
<PAGE>

income and retained earnings (or changes in Member capital) and of cash flow for
such quarterly period and for the portion of the fiscal year through the end of
such fiscal quarter, setting forth in each case in comparative form the figures
for the previous period;

                  (c) Within 60 days after the end of each fiscal year of the
Company, a regular annual audit of the Company's financial records by the
Company's independent auditors, including an audited balance sheet of the
Company as of the end of such fiscal year and a related audited statement of
income, retained earnings (or changes in member capital) and of cash flow (and
capital proceeds, if any) for such fiscal year, putting forth in each case in
comparative form the figures for the previous fiscal year; and

                  (d) At such time or times requested, such other or additional
reports as may be reasonably requested by a Member.

SECTION 4.9       REQUIRED FILINGS

                  The Manager shall cause the Company to file, at the Company's
expense, on or before the dates the same may be due, giving effect to extensions
obtained, all reports, returns and applications which may be required under the
Act or any other governmental or quasi-governmental body having jurisdiction.
The Manager shall furnish copies of all such reports, returns and applications
to the Members, such furnishing to occur not less than three business days prior
to filing except in the case of reports that are routine and non-substantive.
All reports, returns and applications which may be required by any taxing
authority will be handled by the Manager, pursuant to the provisions of Section
6.2. Copies of all accounts, reports and other filings pertaining to the Company
furnished by a Member or the Company to any regulatory authority are to be
available to all Members upon request. Copies of all reports and notices
pertaining to the Company furnished by the accountants for the Company are to
also be available to all Members upon request.

SECTION 4.10      INSPECTION OF RECORDS

                  The books and records of the Company will be open to
inspection, examination and audit and available for copying by each Member at
all reasonable times with reasonable prior notice. Any Member exercising its
right to inspect, examine, audit or copy all or any portion of such books and
records will bear all direct out-of-pocket expenses incurred by both that Member
and the Company in connection with the same.

SECTION 4.11      ANNUAL BUDGET

                  By not later than October 31 of each year, the Manager will
prepare and present to the Members an Annual Workplan and Budget for the
succeeding fiscal year for the Member's review and unanimous approval. If such
Annual Workplan and Budget is not approved, the Annual Workplan and Budget then
in effect shall continue in effect, adjusted by the percentage change in the
Consumer Price Index from the previous year, until a new Annual Workplan and
Budget is approved.

                                 Page 11 of 28
<PAGE>

SECTION 4.12      LIABILITY OF MANAGER

         The Manager shall not be liable for the debts, liabilities, contracts
or other obligations of the Company; provided, however, that the Manager shall
be liable for any debts, liabilities, contracts or other obligations of the
Company incurred or agreed to by such Manager without authorization and in
violation of Section 4.1 of this Agreement.

SECTION 4.13      DISTRIBUTION AND OPERATING AGREEMENT

         Contemporaneously with the execution and delivery of this Agreement,
the Company shall execute and deliver the Distribution and Operating Agreement
(the "OPERATING Agreement") with ATM in the form set forth in Exhibit A hereto.
The Company shall not exercise any right to terminate the Operating Agreement,
under the terms thereof or otherwise, without written approval of the Required
Members.

SECTION 4.14      OTHER AGREEMENTS.

                  Contemporaneously with the execution and delivery of this
Agreement, the Company shall execute and deliver the Consulting Agreement with
LWI or its designee, substantially in the form of Exhibit B hereto. The parties
hereto acknowledge and agree to the terms and conditions of the agreement
between the Company and PZL set forth as Exhibit C hereto as modified by the
letter agreement between the Company and PZL also set forth in Exhibit C hereto.

                                 Page 12 of 28
<PAGE>

                                   ARTICLE V

                                    OFFICERS

SECTION 5.1       OFFICERS

         The Manager may designate one or more individuals (who may or may not
be the Manager) to serve as officers of the Company. The Company shall have such
officers as the Manager may from time to time determine, which officers may (but
need not) include a Chairman, a President, one or more Vice Presidents (and in
case of each such Vice President, with such descriptive title, if any, as the
Manager shall deem appropriate), a Secretary, an Assistant Secretary and a
Treasurer. Any two or more offices may be held by the same person.

SECTION 5.2       COMPENSATION

         The compensation, if any, of all officers of the Company shall be fixed
from time to time by the Required Members.

SECTION 5.3       TERM OF OFFICE; REMOVAL; FILLING OF VACANCIES

         Each officer of the Company shall hold office until his successor is
chosen and qualified in his stead or until his earlier death, resignation,
retirement disqualification or removal from office. Any officer designated by
the Manager may be removed at any time by the Manager whenever in his judgment
the best interests of the Company will be served thereby, but such removal shall
be without prejudice to the contract rights, if any, of the person so removed.
Designation of an officer shall not of itself create contract rights.

If the office of any officer becomes vacant for any reason, the vacancy may be
filled by the Manager.

SECTION 5.4       CHAIRMAN

         The Chairman, if one is designated by the Manager, shall preside at
meetings of the Manager and the Members. He shall assist the Manager in the
formulation of policies of the Company, and shall be available to other officers
for consultation and advice.

SECTION 5.5       PRESIDENT

         The President, if one is designated by the Manager, shall be the chief
executive officer of the Company and shall have general supervision of the
affairs of the Company.

SECTION 5.6       VICE PRESIDENTS

         Each Vice President that is designated by the Manager shall generally
assist the President and shall have such powers and perform such duties and
services as shall from time to time be prescribed or delegated to him by the
President or the Manager.

                                 Page 13 of 28
<PAGE>

SECTION 5.7       SECRETARY

         The Secretary, if one is designated by the Manager, shall keep and
account for the records of the Company.

SECTION 5.8       ASSISTANT SECRETARY

         The Assistant Secretary, if one is designated by the Manager, shall
generally assist the Secretary.

SECTION 5.9       TREASURER

         The Treasurer, if one is designated by the Manager, shall be the chief
accounting and financial officer of the Company and shall have active control of
and shall be responsible for all matters pertaining to the accounts and finances
of the Company.

SECTION 5.10      ADDITIONAL POWERS AND DUTIES

         In addition to the foregoing especially enumerated duties, services and
powers, the several officers of the Company shall perform such other duties and
services and exercise such further powers as may be provided by statute, the
Certificate of Formation or this Agreement, or as the Manager may from time to
time determine or as may be assigned to them by any competent superior officer.
In addition to the designation of officers and the enumeration of their
respective duties, services and powers, the Manager may grant powers of
attorneys to individuals to act as agent for or on behalf of the Company, to do
any act which would be binding on the Company, to incur any expenditures on
behalf of or for the Company, or to execute, deliver and perform any agreements,
acts, transactions or other matters on behalf of the Company. Such powers of
attorney may be revoked or modified as deemed necessary by the Manager.

                                   ARTICLE VI

                  ACCOUNTING AND TAX MATTERS; REPORTS; BANKING

SECTION 6.1       BOOKS AND RECORDS; CAPITAL ACCOUNTS

         An individual capital account shall be established and maintained by
the Company for each Member in accordance with the applicable provisions of the
Code and the Treasury Regulations, including ? 1.704-1(b)(2)(iv). The Manager,
after notice to the Members, is authorized to modify the manner in which the
capital accounts are maintained if the Manager determines that such modification
(a) is required or prudent to comply with the Treasury Regulations and (b) is
not likely to have a material effect on the amounts distributable to any Member
upon the dissolution of the Company.

                                 Page 14 of 28
<PAGE>

SECTION 6.2       RETURNS TAX

         The Manager shall prepare or cause to be prepared and timely file all
federal, state and local income and other tax returns and reports as may be
required as a result of the business of the Company.

SECTION 6.3       TAX MATTERS PERSON

         HK shall be the initial tax matters person ("TMP") under Section 6231
of the Code. A TMP may be removed, and a successor TMP be selected, by the vote
of the Required Members. The TMP shall not take any actions (including without
limitation extending the statute of limitations, filing a request for
administrative adjustment filing suit concerning any Company tax matter, or
entering into a settlement agreement relating to any Company tax matter), or
execute or file any statements or forms, on behalf of the Company unless and
until the TMP is authorized to do so by the vote of the Required Members.

SECTION 6.4       TAX ELECTIONS

         The Manager shall make or cause to be made such accounting and tax
elections as directed by the vote of the Required Members.

SECTION 6.5       BANK ACCOUNTS; INVESTMENT OF COMPANY FUNDS

         The Manager shall cause one or more accounts to be maintained in the
name of the Company in one or more banks, which accounts shall be used for the
payment of expenditures incurred in connection with the business of the Company
and in which shall be deposited any and all receipts of the Company. All such
accounts shall be and remain the property of the Company and shall be received,
held and disbursed for the purposes specified in this Agreement. There shall not
be deposited in any of such accounts any funds other than funds belonging to the
Company, and no other funds shall in any way be commingled with such funds. The
Manager may invest the Company funds in accordance with written investment
guidelines established from time to time by the Manager approved by the Required
Members. Pursuant to the Operating Agreement, ATM will control such accounts of
the Company as ATM determines are necessary to manage the transactions
contemplated by the Operating Agreement.

                                  ARTICLE VII

    TRANSFER OF COMPANY INTERESTS, WITHDRAWAL OF MEMBERS, BUY/SELL PROVISIONS

SECTION 7.1       ASSIGNMENT AND TRANSFER

         A. No membership interest or other interest of a Member in the Company
may be transferred or assigned (including any collateral assignment or pledge of
any interest in the

                                 Page 15 of 28
<PAGE>

Company), in whole or in part, by such Member, and no transferee or assignee
thereof may be admitted as a substituted Member of the Company, unless and
until, in each instance:

         1.       A duly executed and acknowledged instrument of assignment,
                  setting forth the intention of the assignor that the assignee
                  become a substituted Member in its place, is delivered to the
                  remaining Members,

         2.       The assignor and assignee execute and acknowledge such other
                  instruments (if any) as the remaining Members reasonably may
                  deem necessary or desirable to effect such admission, which
                  shall include the written acceptance and adoption by the
                  assignee of the provisions of this Agreement and may include
                  the assumption of any unperformed obligation of the assignor
                  provided that such assignor shall not thereby be released from
                  any of its unperformed obligations that arose on or prior to
                  the date of the assignment, specifically including, without
                  limitation, its obligations hereunder to make Capital
                  Contributions required prior to the date of the assignment on
                  the terms herein provided;

         3.       The written consent of the other Members of the Company, which
                  consent may not be unreasonably withheld, shall have been
                  obtained;

         4.       Such interest shall first be offered to the remaining Members
                  for a period of thirty (30) days at a price (the "OFFER
                  PURCHASE PRICE") equal to that intended to be offered by the
                  selling Member to third parties. If any of the remaining
                  Members elects to exercise the right of first offer granted
                  hereby, it must make an offer on the entire interest intended
                  to be offered by the selling Member. If the selling Member has
                  not received a written offer from the remaining Members on
                  terms satisfactory to it within such thirty (30) day period,
                  it shall then be free, subject to the provisions of this
                  Article VII, to sell the interest offered to the remaining
                  Members on the terms of the offer. If the selling Member fails
                  to so dispose of its interest within one hundred eighty (180)
                  days from its right to do so, the first offer procedure
                  established by this Section 7.1 shall be reinstated. In the
                  event a Member elects to exercise the right of first offer
                  granted hereby, the price shall be payable in the manner and
                  on the terms of the third party offer;

         B. Notwithstanding anything to the contrary contained in this Article
VII, any party may from time to time transfer its interest in the Company, or
any part thereof, to an Affiliate or from such Affiliate back to such party
without the consent of any other Member that might otherwise be required;
provided, however, that no such transferee shall be admitted as substitute
Member in the Company unless and until such party complies with the notice and
documentation requirements of Section 7.1 A (1,2,3). Notwithstanding any such
transfer, the transferring party shall remain obligated for all of its
obligations hereunder arising both before and after such transfer, and shall, as
a condition of the transfer, expressly confirm its obligations to the remaining
Members at the time of the transfer.

SECTION 7.2       EXPENSES

                                 Page 16 of 28
<PAGE>

         Expenses of the Company or of any non-transferring Member occasioned by
transfers of interests held by Members shall be reimbursed to the Company or
such Member, as the case may be, by the transferring Member. Expenses of the
transferring Member and taxes incurred by any non-transferring Member are not
included within the foregoing reimbursement.

SECTION 7.3       WITHDRAWAL OF MEMBERS

         No Member may voluntarily withdraw or retire from the Company except
upon the assignment of its entire interest in the Company (if and as permitted
by this Article VII) or upon the surrender, abandonment or other voiding of its
interest pursuant to the next succeeding sentence hereof. Any Member may, by at
least thirty (30) days prior written notice delivered to the remaining Member,
renounce its interest in all current and future profits, losses and
distributions of the Company, and abandon to the Company its capital
contributions; provided, however, that any such surrender, abandonment or other
voiding shall not in any case affect the withdrawing Members obligations
hereunder, including specifically, but without limitation, each Members
respective obligations under Article III hereof to continue to make Additional
Capital Contributions or Members' Loans as and to the extent called for or
otherwise required thereunder.

SECTION 7.4       DEATH, LEGAL INCAPACITY, DISSOLUTION OR BANKRUPTCY OF A MEMBER

         Upon the death, legal incapacity, dissolution or bankruptcy of a
Member, subject to the terms, conditions and rights provided for under Section
VI I hereof, its successor or assign will have all the rights of the Member for
the purpose of settling or managing its estate, and such power as the deceased,
incapacitated, dissolved or bankrupt Member possessed to constitute a successor
as an assignee of its interest in the Company and to join with such assignee in
making application to substitute such assignee as a substituted member.

SECTION 7.5       STATUS OF INTERESTS TRANSFERRED

         In any transfer, assignment or conveyance (or retransfer, reassignment
or reconveyance) of any Participation Percentage herein by a Member to the other
Member or other Person in a manner specifically permitted by the express terms
of this Agreement or by operation of law, the transferee or assignee shall
succeed to the same share of profits and losses of the Company and the same
Participation Percentages, distribution priorities and ownership rights as were
incident to the interest so transferred, assigned or conveyed.

                                  ARTICLE VIII

                           DISSOLUTION AND TERMINATION

SECTION 8.1       DISSOLUTION

         A. The Company will be dissolved:

                                 Page 17 of 28
<PAGE>

         1.       upon the withdrawal, removal, bankruptcy or dissolution of a
                  Member, as provided herein or otherwise by the Act, unless the
                  remaining Member(s) unanimously agree to continue the business
                  of the Company (if more than one Member remains) within ninety
                  (90) days after the occurrence of such event or if otherwise
                  agreed to by the Members;

         2.       provided however, that the Company shall not terminate until
                  its affairs have been wound up and its assets distributed as
                  provided herein or as otherwise provided herein.

         B. As used in Section VIII hereof, the term bankruptcy shall mean (i)
the commencement of a Member of a voluntary case under any Chapter of the
Bankruptcy Code (Title 11 of the United States Code), as now or hereafter in
effect, or the taking by a Member of any equivalent or similar action by the
filing of a petition or otherwise under any other federal or state law in effect
at the time relating to bankruptcy or insolvency, (ii) the filing of a petition
against a Member under any Chapter of the Bankruptcy Code (Title 11 of the
United States Code), as now or hereafter in effect, or the filing of a petition
seeking any equivalent or similar relief against a Member under any other
federal or state law in effect as of the time relating to bankruptcy or
insolvency, and in either case the failure by such Member to secure the
discharge of any other such petition within sixty (60) consecutive days from the
date of filing, (iii) the making by a Member of a general assignment for the
benefit of his, its or any of their creditors, (iv) the appointment of a
receiver, trustee, custodian or similar officer for a Member or for the property
of a Member and the failure by such Member to secure the discharge of such
receiver, trustee, custodian or similar officer within sixty (60) consecutive
days from the date of appointment, or (v) the admission in writing by a Member
of any inability to pay debts generally as they become due.

SECTION 8.2       APPOINTMENT OF LIQUIDATING MEMBER

         Upon the dissolution of the Company, if the Company's business is not
continued pursuant to this Section VIII, subject in any event top the rights of
any Member under Section VII hereof, the Manager or its designee shall liquidate
the assets and wind up the affairs of the Company on the terms hereinafter set
forth.

SECTION 8.3       DISTRIBUTIONS AND OTHER MATTERS

         Promptly upon the dissolution of the Company, if the Company's business
is not continued pursuant to Section VII hereof, and in any event subject to the
rights of any Member under Section VII hereof, the Manager will cause the assets
of the Company to be liquidated. After proper adjustment to the Capital Accounts
pursuant to Section III (giving effect to all contributions, distributions, and
allocations for all taxable years, including the taxable year during which such
liquidation occurs), the proceeds of the liquidation of the Company shall be
applied and distributed in the following order: (i) to the discharge of all of
the Company's debts and liabilities (whether by payment or the making of
reasonable provision for payment thereto, other than those to any of the
Members, including expenses of liquidation, (ii) to the setting up of any
reserves which the liquidator may deem reasonably necessary for any contingent
liabilities or

                                 Page 18 of 28
<PAGE>

obligations of the Company, (iii) to the payment and discharge of any debts and
liabilities of the Company to any of the Members, and (iv) to the Members to the
extent of their positive Capital Accounts.

SECTION 8.4       DISTRIBUTIONS OF PROPERTY

         A. Upon liquidation, the Members may demand or receive property other
than cash in return for their respective contributions, loans or advances or
upon dissolution as provided herein, but only upon the written approval of the
Manager.

         B. In the event that property is distributed (or deemed distributed
pursuant to the provisions of Code Section 708) by the Company to a Member, the
following special rules shall apply:

         1.       the Capital Accounts of the Members shall be adjusted as
                  provided in Treasury Regulations Section 1.704-1(b)(2)(iv)(e)
                  to reflect the manner in which the unrealized income, gain,
                  loss and deduction inherent in such property (that has not
                  already been reflected in the Members' Capital Accounts) would
                  be allocated to such Member if there were a taxable
                  disposition of such property for its fair market value on the
                  date of distribution; and

         2.       the Capital Account of the Member who is receiving the
                  distribution of property from the Company shall be charged
                  with the fair market value of the property at the time of
                  distribution (net of liabilities secured by such distributed
                  property that such Member is considered to assume or take
                  subject to under Code section 752).

SECTION 8.5       ACTION DURING LIQUIDATION: STATEMENTS OF ACCOUNT

         A. A reasonable time shall be allowed for the winding up of the affairs
of the Company in order to minimize any losses otherwise attendant upon such a
winding up. The Manager shall make final distributions in liquidation of the
Company in the manner set forth above before the later of (1) the end of the
taxable year in which the date of the liquidation of the Company occurs, or (ii)
90 days after the date of the liquidation of the Company. For this purpose, the
date of the liquidation of the company shall be the date on which the Company
has ceased to be a going concern (within the meaning of Treasury Regulation
Section 1.704-1 (b)(2)(ii)(g).

         B. During the period of liquidation, the Manager, as trustee for the
benefit of all Members as tenants in common, will take any and all action
necessary or appropriate to complete such liquidation and distribution as
provided in this Article, having for such purpose all of the powers enumerated
in Article IV of this Agreement necessary or appropriate to accomplish the same.

         C. The Manager will prepare or cause to be prepared a final statement
of the accounts of the Company as of the date of termination, and, as promptly
as possible thereafter, a copy thereof will be furnished to each Member. Such
statement will set forth the actual or

                                 Page 19 of 28
<PAGE>

contemplated application and distribution of the assets of the Company. Upon
completion of distribution as required hereby, a further statement for the
period of liquidation will be so prepared by the Manager and furnished to each
Member.

                                   ARTICLE IX

                    REPRESENTATIONS, WARRANTIES AND COVENANTS

SECTION 9.1       REPRESENTATIONS AND WARRANTIES.

         Each party represents and warrants to each other party, and its
successors and assigns as follows:

1.       This Agreement has been duly and validly executed and delivered by it
         and constitutes its legal, valid and binding obligation, enforceable in
         accordance with the terms hereof, and no authorization, consent,
         approval, license, exemption or other action by, and no registration,
         qualification, designation, declaration or filing with, any
         governmental body or agency is or will be necessary or advisable in
         connection with the execution and delivery by it of this Agreement.

2.       Neither the execution and delivery of this Agreement, nor the
         consummation of the transactions herein contemplated, nor the
         performance of or compliance with the terms and conditions hereof, will
         conflict with or result in a breach of or default under any agreement
         or instrument to which it is a party or by which it or its properties
         (now owned or hereafter acquired) may be subject or bound.

3.       There is no pending or (to their knowledge after due inquiry)
         threatened proceeding by or before any court or governmental agency
         against or affecting it or any of its stockholders or partners (if
         applicable) which, if adversely decided, would have an adverse affect
         on the business, operations or conditions, financial or otherwise, of
         the Company, or on the ability of it to perform its obligations
         hereunder or otherwise contemplated hereby, and no proceeding is
         pending or threatened against it under any Federal or State bankruptcy
         or insolvency law.

4.       It has and expects to continue to have the authority and resources to
         fully consummate in a timely fashion the transactions contemplated by
         this Agreement and the other documents, instruments and agreements to
         be executed by and between it and the Company concurrent with the
         execution and delivery of this Agreement.

5.       None of the information and documents furnished by it or its
         representatives to the Company or any other Member of the Company in
         connection with the execution and delivery of this Agreement is false
         or misleading in any material respect or contains any material
         misstatement of fact or omits to state a material fact required to be
         stated to make the statements therein not misleading. It has disclosed
         to the Company and each of the other Members of the Company all
         information known to it which is material and

                                 Page 20 of 28
<PAGE>

         relevant to the execution and delivery of this Agreement and the
         formation of the Company as contemplated hereby.

                                   ARTICLE X

                                 NON-COMPETITION

SECTION 10.1      NON-COMPETITION

         Notwithstanding any provision of this Agreement to the contrary, no
Member shall be prohibited or otherwise limited by its membership in the
Company, or participation in the transactions contemplated hereby, from
competing, or participating in any entity that may compete, with, directly or
indirectly, the business of the Company; provided, however, that no Member will
compete for the Company's business with the China Product TradeNet Center or its
successors.

                                   ARTICLE XI

                                   AMENDMENTS

SECTION 11.1      AMENDMENTS

         The power to adopt, alter, amend or repeal this Agreement is vested
solely in the Members. This Agreement may be altered, amended or repealed, or a
new limited liability company agreement may be adopted, only by the unanimous
vote or consent of the Members. The Manager may not adopt, alter, amend or
repeal any provision of this Agreement.

                                  ARTICLE XII

                                  MISCELLANEOUS

SECTION 12.1      MANNER OF GIVING NOTICE

         Except as otherwise expressly provided in this Agreement, all notices,
demands, requests, or other communications required or permitted to be given
pursuant to this Agreement shall be in writing and shall be given either (a) in
person upon an executive officer, (b) by mail, certified or registered, return
receipt requested, postage prepaid, (c) by prepaid telegram, telex, cable,
telecopy, or similar means (with signed confirmed copy to follow by mail in the
same manner as prescribed by clause (b) above) or (d) by expedited delivery
service (charges prepaid) with proof of delivery. For purposes of the foregoing,
any notice required or permitted to be given shall be deemed to be delivered and
given on the date actually delivered to the address specified in this
Article II.

SECTION 12.2      WAIVER OF NOTICE

                                 Page 21 of 28
<PAGE>

         Whenever any notice is required to be given to any Member or the
Manager of the Company under the provisions of the Act, the Certificate of
Organization or this Agreement, a waiver thereof in writing signed by the person
or persons entitled to such notice, whether before or after the time stated
therein, shall be deemed equivalent to the giving of such notice.

SECTION 12.3      NO COMPANY SEAL

         The Company shall not have a Company seal, and no agreement, instrument
or other document executed on behalf of the Company that would otherwise be
valid and binding on the Company shall be invalid or not binding on the Company
solely because no Company seal is affixed thereto.

SECTION 12.4      PUBLIC ANNOUNCEMENTS.

         Except as otherwise required by law, each Member shall consult with the
other Members prior to issuing any public announcement, statement or other
disclosure with respect to the Company, such Member's participation therein and
the transactions contemplated by this Agreement and shall not issue any such
announcement, statement or disclosure without the consent of the Required
Members.

                                 Page 22 of 28
<PAGE>

         IN WITNESS WHEREOF, the undersigned have executed this instrument as of
the day and year first above written.

WORLDWIDE WEB NETWORX CORPORATION

BY:    //s//  Warren Rothstein
   -------------------------------
TITLE: Chairman
      ----------------------------

INTERNATIONAL COMMERCE EXCHANGE SYSTEMS, INC.

BY:    //s//  Henry Kauftheil
   -------------------------------
TITLE: Chairman
      ----------------------------

                                 Page 23 of 28
<PAGE>

LESTER WOLFF INTERNATIONAL INVESTMENT, LTD.

BY:    //s//    Lester L. Wolff
   -------------------------------
TITLE: Pres
      ----------------------------

//s//  Henry Kauftheil
----------------------------------
HENRY KAUFTHEIL

//S//  Peter Lu Zhenxiang
----------------------------------
PETER ZHENXIANG LU

UNCAS HOLDINGS LIMITED PARTNERSHIP

BY: //S//     FRANK D. SCHARF
   -------------------------------
TITLE: //S//  GENERAL PARTNER
      ----------------------------

                                 Page 24 of 28

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