Document:

Exhibit 10.9

                 FORM OF WARRANT AND MINIMUM COMMITMENT WARRANT

THESE  SECURITIES HAVE NOT BEEN REGISTERED  UNDER THE SECURITIES ACT OF 1933, OR
ANY STATE  SECURITIES  LAWS.  THEY MAY NOT BE SOLD OR  OFFERED  FOR SALE  EXCEPT
PURSUANT TO AN EFFECTIVE  REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID
ACT AND ANY APPLICABLE  STATE  SECURITIES  LAWS OR AN APPLICABLE  EXEMPTION FROM
SUCH REGISTRATION REQUIREMENTS.

                            ELCOM INTERNATIONAL, INC.

                          Common Stock Purchase Warrant

         Elcom  International,  Inc., a Delaware  corporation  (the  "Company"),
hereby  certifies  that for good and  valuable  consideration,  the  receipt and
sufficiency of which are hereby acknowledged,  Cripple Creek Securities,  LLC, a
New York limited  liability company having an address at c/o The Palladin Group,
L.P., 195 Maplewood  Ave.,  Maplewood,  New Jersey 07040  ("Purchaser"),  or any
other  Warrant  Holder (as  hereinafter  defined) is entitled,  on the terms and
conditions set forth below,  to purchase from the Company at any time during the
period  beginning on the date hereof and ending sixty (60) months after the date
hereof, up to ________ [in the case of the Warrant, the Warrant Share Amount; in
the case of the  Minimum  Commitment  Warrant,  the  number of  shares  equal to
150,000 less the Warrant Share Amount, or, if the condition set forth in Section
2.6(b)  of the  Agreement  relating  to the  adverse  effect  on the  timing  or
marketability  of an elcom.com,  inc.  public offering  occurs,  100,000 shares]
fully  paid and  nonassessable  shares of the common  stock,  par value $.01 per
share,  of the Company (the "Common  Stock") at the Purchase Price  (hereinafter
defined), as the same may be adjusted pursuant to Section 5 herein.

1.       Definitions.

     (a) The term "Purchase  Price" shall mean $______ per share [in the case of
the Warrant,  the Warrant Exercise Price; in the case of the Minimum  Commitment
Warrant,  120% of the average of the Stock  Prices for the five (5) Trading Days
preceding the termination of this Agreement in accordance with its terms].

     (b) The term  "Warrant  Holder"  shall mean the  Purchaser or any permitted
assignee of all or any portion of this Warrant,  on the terms and subject to the
limitations set forth herein.

     (c) The term  "Warrant  Shares"  shall mean the  shares of Common  Stock or
other securities issuable upon exercise of this Warrant.

     (d) Other terms used herein  which are defined in that  certain  Structured
Equity Line Flexible Financing Agreement between the Company and Purchaser dated
as of December __, 1999 (the  "Agreement") or that certain  Registration  Rights
Agreement  between the Company and Purchaser  dated as of December __,

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1999 (the "Rights Agreement"), shall have the same meanings herein as therein.

2.        Exercise of Warrant.

         This Warrant may be exercised by Warrant  Holder,  in whole or in part,
at any time and from time to time,  on or prior to the date  sixty  (60)  months
from the date hereof, by either of the following methods:

     (a) The Warrant  Holder may surrender  this Warrant,  together with cash, a
certified  check or wire transfer of immediately  available  funds to an account
designated  by the Company  representing  the  aggregate  Purchase  Price of the
number of Warrant Shares for which the Warrant is being surrendered and the form
of  subscription  attached  hereto as Exhibit A, duly executed by Warrant Holder
("Subscription Notice"), at the offices of the Company; or

     (b) The Warrant Holder may also exercise this Warrant, in whole or in part,
in a "cashless"  or  "net-issue"  exercise by  delivering  to the offices of the
Company or any transfer agent for the Common Stock this Warrant, together with a
Subscription  Notice  specifying the number of Warrant Shares to be delivered to
such Warrant Holder ("Deliverable Shares") and the number of Warrant Shares with
respect to which this Warrant is being  surrendered  in payment of the aggregate
Purchase Price for the Deliverable Shares ("Surrendered Shares");  provided that
the Purchase  Price  multiplied  by the number of  Deliverable  Shares shall not
exceed the value of the Surrendered  Shares. For the purposes of this provision,
each Warrant Share as to which this Warrant is surrendered  will be attributed a
value equal to the Fair Market  Value (as  defined  below) of the Warrant  Share
minus the Purchase Price of the Warrant Share.

         In the event that the Warrant is not  exercised in full,  the number of
Warrant  Shares shall be reduced by the number of such Warrant  Shares for which
this Warrant is  exercised,  and the Company,  at its expense,  shall  forthwith
issue and  deliver to Warrant  Holder a new Warrant of like tenor in the name of
Warrant  Holder or as Warrant  Holder  (upon  payment  by Warrant  Holder of any
applicable transfer taxes) may request, reflecting such adjusted Warrant Shares.

3.       Delivery of Certificates.

     (a)  Subject  to the  terms  and  conditions  of this  Warrant,  as soon as
practicable after the proper exercise of this Warrant in full or in part, and in
any event within three (3) Trading Days  thereafter,  the Company shall transmit
the  certificates  (and as  soon  as  reasonably  practicable  thereafter  shall
transmit any other stock or other securities or property to which Warrant Holder
is entitled upon exercise) by messenger or overnight  delivery  service to reach
the address  designated  by such holder  within three (3) trading days after the
receipt of the Warrant,  the  Subscription  Notice and payment of the  aggregate
Purchase Price in Section 2(a) or 2(b), as appropriate ("T+3").  Provided that a
registration  statement is then effective  under the Securities Act with respect
to the Warrant Shares, in lieu of delivering physical certificates  representing
the Common Stock issuable upon exercise,  provided the Company's  transfer agent
is  participating  in  the  Depository  Trust  Company  ("DTC")  Fast  Automated
Securities  Transfer  ("FAST")  program,  upon  written  request of the  Warrant
Holder,  the Company  shall use its best efforts to cause its

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transfer  agent to  electronically  transmit  the  Common  Stock  issuable  upon
exercise  to the Warrant  Holder by  crediting  the account of Warrant  Holder's
prime broker with DTC through its Deposit  Withdrawal Agent Commission  ("DWAC")
system.  The time periods for delivery  described in the  immediately  preceding
paragraph shall apply to the electronic transmittals described herein.

     (b) This  Warrant may not be exercised  as to  fractional  shares of Common
Stock. In the event that the exercise of this Warrant, in full or in part, would
result in the issuance of any  fractional  share of Common  Stock,  then in such
event Warrant Holder shall be entitled to cash equal to the Fair Market Value of
such fractional share. For purposes of this Warrant,  "Fair Market Value" equals
the closing bid price of the Common  Stock on the New York Stock  Exchange,  the
American  Stock  Exchange  or  the  Nasdaq  National  Market,  whichever  is the
principal  trading  exchange  or market  for the Common  Stock  (the  "Principal
Market") on the Trading  Day  immediately  preceding  the date of  exercise.

4.        Representations and Covenants.

          (a) Representations and Covenants of the Company.

          (i) The Company shall use its reasonable best efforts to insure that a
     registration  statement  under the  Securities  Act  covering the resale or
     other  disposition  thereof  of the  Warrant  Shares by  Warrant  Holder is
     effective to the extent provided in the Rights  Agreement or, to the extent
     applicable, pursuant to Section 3.2(a) of the Agreement.

          (ii) The Company shall take all necessary  actions and  proceedings as
     may be required of it and permitted by applicable law, rule and regulation,
     including,  without limitation the notification of the National Association
     of  Securities  Dealers,  for the legal and valid  issuance of this Warrant
     and, upon proper exercise hereof,  the Warrant Shares to the Warrant Holder
     under this Warrant.

          (iii) From the date hereof through the last date on which this Warrant
     is exercisable,  the Company shall take all steps reasonably  necessary and
     within its control to insure that the Common  Stock  remains  listed on the
     Principal  Market and shall not amend its Certificate of  Incorporation  or
     Bylaws so as to  adversely  affect any rights of the Warrant  Holder  under
     this Warrant.

          (iv) The Company shall at all times reserve and keep available, solely
     for  issuance  and  delivery as Warrant  Shares  hereunder,  such shares of
     Common Stock as shall from time to time be issuable as Warrant Shares.

          (v) The  Warrant  Shares,  when  issued in  accordance  with the terms
     hereof,  will be duly authorized and, when paid for or issued in accordance
     with  the  terms  hereof,   shall  be  validly   issued,   fully  paid  and
     non-assessable.  The Company has  authorized  and  reserved for issuance to
     Warrant  Holder  the  maximum  number of shares  of Common  Stock  issuable
     pursuant to this Warrant.

          (vi) With a view to making available to Warrant Holder the benefits of
     Rule  144  promulgated  under  the  Securities  Act and any  other  rule or
     regulation of the Commission

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<PAGE>
     that may at any time permit the Warrant  Holder to sell  securities  of the
     Company to the public without  registration,  the Company agrees to use its
     reasonable best efforts to:

               (A) make and keep public  information  available,  as those terms
          are understood and defined in Rule 144, at all times;

               (B) file with the  Commission  in a timely manner all reports and
          other  documents  required of the Company under the Securities Act and
          the Exchange Act; and

               (C) furnish to any Warrant Holder  forthwith upon written request
          by such Warrant Holder, at such time as such Warrant Holder has a bona
          fide  intention  to sell and in no event more than twice in any fiscal
          year, a written statement by the Company that it has complied with the
          reporting  requirements  of Rule 144 and of the Securities Act and the
          Exchange Act, a copy of the most recent annual or quarterly  report of
          the  Company,  and such other  reports and  documents  so filed by the
          Company as may be reasonably  requested,  all at the Warrant  Holder's
          expense,  to permit any such Warrant  Holder to take  advantage of any
          rule or regulation  of the  Commission  permitting  the selling of any
          such securities without registration.

     (b) Representations and Covenants of the Purchaser. The Purchaser shall not
resell  Warrant  Shares,   unless  such  resale  is  pursuant  to  an  effective
registration statement under the Act or pursuant to an applicable exemption from
such registration requirements.

5.       Adjustment of Exercise Price and Number of Shares.

         The number and kind of  securities  purchasable  upon  exercise of this
Warrant and the Purchase Price shall be subject to adjustment  from time to time
as follows:

     (a) Subdivisions, Combinations and Other Issuances. If the Company shall at
any time  after the date  hereof  but prior to the  expiration  of this  Warrant
subdivide  its  outstanding  securities as to which  purchase  rights under this
Warrant exist, by split-up,  spin-off, or otherwise,  or combine its outstanding
securities as to which purchase  rights under this Warrant exist,  the number of
Warrant  Shares as to which this Warrant is  exercisable  as of the date of such
subdivision,    split-up,   spin-off   or   combination   shall   forthwith   be
proportionately  increased  in the  case of a  subdivision,  or  proportionately
decreased in the case of a combination.  Appropriate  adjustments  shall also be
made to the Purchase  Price payable per share,  so that the  aggregate  Purchase
Price  payable for the total  number of Warrant  Shares  purchasable  under this
Warrant as of such date shall remain the same.

     (b) Stock  Dividend.  If at any time after the date hereof but prior to the
expiration  of  this  Warrant,   the  Company   declares  a  dividend  or  other
distribution on all of its  outstanding  Common Stock payable in Common Stock or
other  securities  or  rights  convertible  into  Common  Stock  ("Common  Stock
Equivalents")  without payment of any  consideration  by holders of Common Stock
for the  additional  shares  of Common  Stock or the  Common  Stock  Equivalents
(including  the  additional  shares of Common Stock  issuable  upon  exercise or
conversion  thereof),  then the number of shares of Common  Stock for which this
Warrant may be  exercised  shall be increased as of the record date (or the date
of such dividend  distribution if no record date is set) for  determining  which
holders  of Common  Stock  shall be  entitled  to  receive  such  dividends,  in

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<PAGE>

proportion to the percentage  increase in the number of outstanding  shares (and
shares  of  Common  Stock  issuable  upon  conversion  of  all  such  securities
convertible into Common Stock) of Common Stock as a result of such dividend, and
the Purchase  Price per share shall be adjusted so that the  aggregate  Purchase
Price for the Warrant Shares  issuable  hereunder  immediately  after the record
date (or on the date of such  distribution,  if  applicable),  for such dividend
shall equal the aggregate Purchase Price immediately before such record date (or
on the date of such distribution, if applicable).

     (c) Other Distributions.  If at any time after the date hereof but prior to
the expiration of this Warrant, the Company distributes to holders of all of its
outstanding Common Stock, other than as part of its dissolution,  liquidation or
the winding up of its affairs,  any shares of its capital stock, any evidence of
indebtedness  or any of its assets (other than cash,  Common Stock or securities
convertible into or exchangeable  for Common Stock),  then the number of Warrant
Shares for which this Warrant is  exercisable  shall be increased to equal:  (i)
the number of Warrant Shares for which this Warrant is  exercisable  immediately
prior to such event,  (ii) multiplied by a fraction,  (A) the numerator of which
shall be the Fair Market  Value per share of Common Stock on the record date for
the dividend or distribution, and (B) the denominator of which shall be the Fair
Market  Value per share of Common  Stock on the record date for the  dividend or
distribution  minus the  amount  allocable  to one share of Common  Stock of the
value (as  determined in good faith by the Board of Directors of the Company) of
any and all such  evidences  of  indebtedness,  shares of capital  stock,  other
securities or property,  so distributed.  The Purchase Price shall be reduced to
equal: (i) the Purchase Price in effect immediately before the occurrence of any
such event (ii)  multiplied  by a fraction,  (A) the  numerator  of which is the
number of  Warrant  Shares for which this  Warrant  is  exercisable  immediately
before the adjustment, and (B) the denominator of which is the number of Warrant
Shares for which this Warrant is exercisable  immediately  after the adjustment.

     (d)  Merger,  Etc.  If at any time after the date  hereof  there shall be a
merger or  consolidation  of the  Company  with or into or a transfer  of all or
substantially   all  of  the  assets  of  the  Company  to  another   entity  (a
"Transaction"),  then the Company shall  deliver  notice of the  Transaction  no
later  than  twenty  (20)  business  days  prior  to  the  consummation  of  the
Transaction  (the "Merger  Notice").  If (i) the Warrant Holder does not deliver
notice of  exercise of the  Warrant  pursuant  to Section 2 hereof and  properly
exercise  the Warrant  prior to  consummation  of the  Transaction  and (ii) the
Transaction is consummated within sixty (60) business days after delivery of the
Merger Notice,  this Warrant shall be canceled in its entirety upon consummation
of the  Transaction.

     (e) Reclassification, Etc. If at any time after the date hereof there shall
be a reorganization or  reclassification  of the securities as to which purchase
rights  under  this  Warrant  exist  into  the  same or a  different  number  of
securities  of any  other  class or  classes,  then  the  Warrant  Holder  shall
thereafter  be entitled to receive  upon  exercise of this  Warrant,  during the
period  specified  herein and upon payment of the Purchase Price then in effect,
the  number  of shares  or other  securities  or  property  resulting  from such
reorganization  or  reclassification,  which  would  have been  received  by the
Warrant  Holder for the shares of stock subject to this Warrant had this Warrant
at such time been exercised.

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6.        No Impairment.

         The Company will not, by amendment of its Certificate of  Incorporation
or  through  any  reorganization,  transfer  of assets,  consolidation,  merger,
dissolution, issue or sale of securities or any other voluntary action, avoid or
seek to avoid the observance or performance of any of the terms of this Warrant,
but will at all times in good faith assist in the carrying out of all such terms
and in the taking of all such action as may be necessary or appropriate in order
to protect the rights of the Warrant Holder against impairment. Without limiting
the generality of the foregoing, the Company (a) will not increase the par value
of any Warrant  Shares above the amount payable  therefor on such exercise,  and
(b) will take all such action as may be reasonably  necessary or  appropriate in
order  that  the  Company   may  validly  and  legally   issue  fully  paid  and
nonassessable Warrant Shares on the proper exercise of this Warrant.

7.       Notice of Adjustments.

         Whenever the  Purchase  Price or number of Warrant  Shares  purchasable
hereunder  shall be  adjusted  pursuant to Section 5 hereof,  the Company  shall
execute  and deliver to the  Warrant  Holder a  certificate  setting  forth,  in
reasonable  detail,  the  event  requiring  the  adjustment,  the  amount of the
adjustment,  the method by which such adjustment was calculated and the Purchase
Price and number of shares  purchasable  hereunder  after giving  effect to such
adjustment,  and shall cause a copy of such  certificate  to be mailed (by first
class mail, postage prepaid) to the Warrant Holder.

8. Rights as Stockholder.

         Prior to exercise of this  Warrant,  the  Warrant  Holder  shall not be
entitled  to any rights as a  stockholder  of the  Company  with  respect to the
Warrant Shares,  including (without limitation) the right to vote such shares or
execute consents in respect thereof,  receive  dividends or other  distributions
thereon or be notified of  stockholder  meetings.  However,  in the event of any
taking by the Company of a record of the holders of Common Stock for the purpose
of determining  the holders  thereof who are entitled to receive any dividend or
other  distribution  (other than a cash  dividend),  any right to subscribe for,
purchase  or  otherwise  acquire  any  shares of stock of any class or any other
securities or property, or to receive any other right, the Company shall mail to
each Warrant Holder,  at least 10 days prior to the date specified,  therein,  a
notice  specifying  the date on which  any such  record  is to be taken  for the
purpose of such dividend, distribution or right, and the amount and character of
such dividend, distribution or right.

9. Limitation on Exercise.

         Notwithstanding anything to the contrary contained herein, this Warrant
may not be  exercised  by the Warrant  Holder to the extent  that,  after giving
effect to Warrant  Shares to be issued  pursuant to a Subscription  Notice,  the
total number of shares of Common Stock deemed beneficially owned by such Warrant
Holder (other than by virtue of ownership of this Warrant, or ownership of other
securities  that have  limitations on the holder's rights to convert or exercise
similar to the limitations set forth herein), together with all shares of Common
Stock deemed beneficially owned by the Warrant Holder's Affiliates that would be
aggregated  for purposes of  determining  whether a group under Section 13(d) of
the  Securities  Exchange  Act of 1934 exists

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<PAGE>

("Beneficial Ownership"),  would exceed 4.9% of the total issued and outstanding
shares of the Common Stock.  Notwithstanding  the foregoing,  the Warrant Holder
shall have the right to waive  this  restriction,  in whole or in part,  upon 61
days prior written notice to the Company;  provided,  however,  that such waiver
shall not be permitted to the extent that, if the Warrant Holder were to acquire
additional  shares of Common  Stock  pursuant  to such  waiver,  its  Beneficial
Ownership  of shares of the Common  Stock would  exceed 9.9% of the total issued
and  outstanding  shares of the Common  Stock.  The  delivery of a  Subscription
Notice by the Warrant  Holder  shall be deemed a  representation  by such holder
that it is in compliance  with this  paragraph.  The terms "deemed  beneficially
owned" and  "Beneficial  Ownership" as used in this Warrant shall exclude shares
that might otherwise be deemed  beneficially  owned by reason of the exercise of
this Warrant.

10. Replacement of Warrant.

         On receipt of evidence  reasonably  satisfactory  to the Company of the
loss,  theft,  destruction  or mutilation of the Warrant and, in the case of any
such loss,  theft or  destruction  of the  Warrant,  on delivery of an indemnity
agreement or security reasonably  satisfactory in form and amount to the Company
or, in the case of any such  mutilation,  on surrender and  cancellation of such
Warrant,  the Company at the Warrant  Holder's expense will execute and deliver,
in lieu thereof, a new Warrant of like tenor.

11. Specific Enforcement;  Consent to Jurisdiction and Choice of Law.

     (a)  The  Company  and  the  Warrant  Holder  acknowledge  and  agree  that
irreparable  damage would occur in the event that any of the  provisions of this
Warrant  were not  performed in  accordance  with their  specific  terms or were
otherwise breached.  It is accordingly agreed that the parties shall be entitled
to an injunction or injunctions to prevent or cure breaches of the provisions of
this Warrant and to enforce  specifically the terms and provisions hereof,  this
being in addition to any other remedy to which either of them may be entitled by
law or equity.

     (b) EACH OF THE  COMPANY  AND THE  WARRANT  HOLDER (I)  HEREBY  IRREVOCABLY
SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED IN
NEW YORK  COUNTY,  NEW YORK FOR THE PURPOSES OF ANY SUIT,  ACTION OR  PROCEEDING
ARISING OUT OF OR RELATING TO THIS  WARRANT AND (II) HEREBY  WAIVES,  AND AGREES
NOT TO ASSERT IN ANY SUCH SUIT,  ACTION OR PROCEEDING,  ANY CLAIM THAT IT IS NOT
PERSONALLY SUBJECT TO THE JURISDICTION OF SUCH COURTS,  THAT THE SUIT, ACTION OR
PROCEEDING  IS BROUGHT IN AN  INCONVENIENT  FORUM OR THAT THE VENUE OF THE SUIT,
ACTION OR  PROCEEDING  IS IMPROPER.  EACH OF THE COMPANY AND THE WARRANT  HOLDER
CONSENTS  TO PROCESS  BEING  SERVED IN ANY SUCH SUIT,  ACTION OR  PROCEEDING  BY
MAILING A COPY  THEREOF TO SUCH PARTY AT THE ADDRESS IN EFFECT FOR NOTICES TO IT
UNDER THIS  WARRANT  AND AGREES  THAT SUCH  SERVICE  SHALL  CONSTITUTE  GOOD AND
SUFFICIENT  SERVICE OF PROCESS  AND NOTICE  THEREOF.  NOTHING IN THIS  PARAGRAPH
SHALL AFFECT OR LIMIT ANY RIGHT TO SERVE  PROCESS IN ANY OTHER MANNER  PERMITTED
BY LAW.

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<PAGE>

     (c) THIS  WARRANT  SHALL BE  GOVERNED  BY AND  CONSTRUED  AND  ENFORCED  IN
ACCORDANCE  WITH THE INTERNAL  LAWS OF THE STATE OF DELAWARE  WITHOUT  REGARD TO
SUCH STATE'S PRINCIPLES OF CONFLICT OF LAWS.

12. Entire Agreement: Amendments.

         This Warrant,  the Exhibits hereto and the provisions  contained in the
Agreement,  the Rights  Agreement  and  incorporated  into this  Warrant and the
Warrant Shares contain the entire  understanding  of the parties with respect to
the matters  covered  hereby and thereby  and except as  specifically  set forth
herein and  therein,  neither  the  Company  nor the  Warrant  Holder  makes any
representation,  warranty, covenant or undertaking with respect to such matters.
This  Warrant  and any  term  thereof  may be  changed,  waived,  discharged  or
terminated  only by an instrument  in writing  signed by the party against which
enforcement of such change, waiver, discharge or termination is sought.

13.      Notices.

         Any notice or other  communication  required or  permitted  to be given
hereunder  shall be in writing and shall be effective  (a) upon hand delivery or
delivery by telex (with correct answer back  received),  or upon  transmittal by
telecopy or facsimile at the address or number designated below (if delivered on
a  business  day  during  normal  business  hours  where  such  notice  is to be
received),  or the first business day following such delivery or transmittal (if
delivered  other than on a business day during normal  business hours where such
notice is to be received) or (b) on the second  business day  following the date
of mailing by express courier service, fully prepaid, addressed to such address,
or upon actual receipt of such mailing, whichever shall first occur.
The addresses for such communications shall be:

         If to the Company:

         Elcom International, Inc.
         10 Oceana Way
         Norwood, MA 02062
         Attn:  Robert J. Crowell
         Fax:  (781) 551-0409

         with a copy to:

         Calfee Halter & Griswold LLP
         1400 McDonald Investment Center
         800 Superior Avenue
         Cleveland, Ohio 44114-2688
         Attn:  Douglas A. Neary, Esq.
         Fax:  (216) 241-0816

         If to the Purchaser:

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         Cripple Creek Securities, LLC
         c/o The Palladin Group
         195 Maplewood Ave.
         Maplewood, New Jersey 07040
         Attn: Robert L. Chender
         Fax: (973) 313-6491

         with a copy to:

         Arnold & Porter
         555 12th Street, N.W.
         Washington, D.C.  20004
         Attn: L. Stevenson Parker, Esq.
         Fax:  (202) 942-5999

Either party  hereto may from time to time change its address for notices  under
this Section 13 by giving at least 10 days prior written  notice of such changed
address to the other party hereto.

14.      Miscellaneous.

         This Warrant and any term hereof may be changed, waived,  discharged or
terminated  only by an instrument  in writing  signed by the party against which
enforcement of such change,  waiver,  discharge or  termination  is sought.  The
headings in this Warrant are for purposes of reference only, and shall not limit
or otherwise affect any of the terms hereof. The invalidity or  unenforceability
of any provision hereof shall in no way affect the validity or enforceability of
any other provisions.

15.      Assignment.

         This Warrant may not be assigned, by the Warrant Holder, in whole or in
part, without the prior written consent of the Company; provided,  however, that
upon written notice to the Company,  the Warrant Holder may assign this Warrant,
in whole or in part, to an Affiliate of the Warrant Holder without the Company's
consent.  In either  case,  to effect a transfer  of this  Warrant,  the Warrant
Holder shall submit this Warrant to the Company  together  with a duly  executed
Assignment  in  substantially  the form and  substance of the Form of Assignment
which is attached to this Warrant as Exhibit B, and, upon the Company's  receipt
hereof, and in any event, within three (3) business days thereafter, the Company
shall,  at Warrant  Holder's  expense,  issue a Warrant to the Warrant Holder to
evidence  that  portion  of this  Warrant,  if any,  as shall  not have  been so
transferred or assigned.

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<PAGE>

Dated:  _______________

                            ELCOM INTERNATIONAL, INC.

                                            By:
                                            Printed:
                                            Title:

Attest:

By:
Its:

                           [SIGNATURE PAGE TO WARRANT]Exhibit 10.10

THE WARRANTS REPRESENTED BY THIS CERTIFICATE AND THE UNDERLYING SHARES OF COMMON
STOCK HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES  ACT"), OR ANY STATE SECURITIES LAWS. THEY MAY NOT BE SOLD,  OFFERED
FOR SALE,  TRANSFERRED OR OTHERWISE  DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION  STATEMENT  UNDER  THE  SECURITIES  ACT  AND ANY  APPLICABLE  STATE
SECURITIES  LAWS,  OR IT IS OTHERWISE  ESTABLISHED  TO THE  SATISFACTION  OF THE
COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

                                     WARRANT
                   To Purchase 353,418 Shares of Common Stock,
                            Par Value $.01 Per Share,
                                       of
                            ELCOM INTERNATIONAL, INC.
             A Corporation Incorporated Under the Laws of the State
             of Delaware VOID AFTER 5:00 P.M., Boston, Massachusetts
                             Time December 30, 2002

                  WHEREAS,  Wit Capital  Corporation ("Wit Capital" or "Holder")
entered into that certain Letter Agreement (the "Letter  Agreement")  dated July
8, 1999, with Elcom International Inc., a Delaware corporation (the "Company")

                  WHEREAS, as compensation for services rendered pursuant to the
Letter  Agreement and subject to and upon the conditions set forth therein,  the
Company is to issue to Wit Capital a warrant (the  "Warrant")  to purchase  that
number of shares  (subject to the  provisions  of Sections 3 and 5(d) hereof and
subject to adjustment  as provided in this  Warrant) of Common Stock,  par value
$.01 per share (the "Common  Shares"),  of the Company as set forth in the title
hereof;

                  NOW, THEREFORE,  THIS CERTIFIES that, for value received,  the
undersigned Holder hereof, is entitled to purchase,  on the terms and conditions
stated herein, between 5:00 p.m. Boston, Massachusetts time on December 30, 1999
and 5:00

<PAGE>
p.m.  Boston,  Massachusetts  time on December 30, 2002 both inclusive,
subject to the  exercisability  and vesting  conditions  contained  in Section 3
hereof and subject to the Cash  Payment (as defined in Section 5(d) hereof) (the
period between and including said times, the "Exercise Period"), an aggregate of
up to 353,418  Common Shares of the Company,  subject to adjustment as set forth
in Section 5 hereof.

                  1.  Purchase  Price.  The purchase  price upon any exercise of
this Warrant shall be twenty-eight  dollars and  seventy-one  cents ($28.71) for
each Common Share  purchased  (the "Purchase  Price"),  subject to adjustment as
hereinafter  provided.  The term  "Warrant," as used herein,  shall include this
Warrant and each  succeeding  warrant  issued in  accordance  with  Section 2 or
Section 5 hereof.

                  2.  Exercise  and  Issuance.  Subject  to  the  provisions  of
Sections 3 and 5(d) hereof, this Warrant may be exercised in whole or in part at
any time or times during the Exercise Period, upon written notice in the form of
the Purchase  Form  attached  hereto (to which this  original  Warrant  shall be
annexed)  executed by the Holder and sent to the Company at the principal office
of the Company, 10 Oceana Way, Norwood, Massachusetts 02062, Attention: Chairman
(or such other  address as the  Company may  designate  by written  notice),  by
certified or registered mail or by Federal Express or a similar express delivery
service.  Any such  Purchase Form shall specify the number of Common Shares with
respect to which this Warrant is being exercised and shall be accompanied by the
aggregate Purchase Price for such shares,  which shall be tendered by the Holder
to the Company in cash, by wire  transfer,  by bank or certified  check or, upon
prior  written  approval of the  Company,  which  approval  shall be in the sole
discretion of the Company,  by delivery of Common Shares having a Current Market
Value (as defined below) on the date of exercise equal to the aggregate Purchase
Price and which

                                       2
<PAGE>
Common  Shares  shall have been owned by the Holder for a period of at least six
months prior to the exercise of this Warrant.

         Upon prior written approval of the Company,  which approval shall be in
the sole  discretion of the Company,  the Holder also may exercise this Warrant,
in whole or in part,  in a "cashless" or  "net-issue"  exercise by delivering to
the  offices of the  Company or any  transfer  agent for the Common  Shares this
Warrant,  together with a Purchase Form  specifying the number of Warrant Shares
to be delivered to the Holder  ("Deliverable  Shares") and the number of Warrant
Shares (as such term is defined below) otherwise  acquirable under this Warrant,
which are being  surrendered in payment of the aggregate  Purchase Price for the
Deliverable  Shares  ("Surrendered  Shares");  provided that the Purchase  Price
multiplied by the number of Deliverable Shares shall not exceed the value of the
Surrendered  Shares.  For purposes of this  provision,  each of the  Surrendered
Shares will be attributed a value equal to the Current  Market Value (as defined
below) of the Warrant Share minus the Purchase Price of the Warrant Share.

         If such Purchase Form and payment are received by the Company in proper
form during the Exercise  Period,  the Company shall as promptly as practicable,
and in any event, within ten business days thereafter,  issue and deliver to the
Holder a share certificate or certificates,  in the denominations and registered
in the  appropriate  name, for all of the fully paid and  non-assessable  Common
Shares for which this Warrant has been properly exercised (hereinafter, "Warrant
Shares");  provided,  however, that the Company may, as a condition precedent to
any such issuance and in the exercise of its reasonable  discretion,  request an
opinion of counsel to the Holder  (which  counsel  and form of opinion  shall be
reasonably  acceptable  to the Company  and its  counsel) to the effect that the
issuance  of the  Warrant  Shares  upon such  exercise  is  allowable  under all
applicable  securities laws. Any issuance and documentary taxes or other charges
to be

                                       3
<PAGE>

paid in connection  with such  issuance of Warrant  Shares shall be borne by the
Company,  provided  that the Company shall not be  responsible  for any taxes or
other  governmental  charges  attributable  to any transfer by the Holder of any
Warrant Shares or  attributable to the issue of any  certificate(s)  for Warrant
Shares in any name other than that of the registered Holder of this Warrant, and
in such case,  the  Company  shall not be required to issue or deliver any stock
certificate  until  such  tax or  other  charge  has  been  paid or it has  been
established to the Company's  reasonable  satisfaction that no such tax or other
charge is due.  Upon receipt by the Company of all of the  foregoing  deliveries
called for upon exercise of this Warrant,  Holder  shall,  for all purposes,  be
deemed to have become the holder of record of such Warrant Shares on the date on
which the last of such deliveries was made, irrespective of the date of delivery
by the Company of the stock certificate(s) therefor; except that if such date is
a date when the stock transfer books of the Company are closed,  Holder shall be
deemed to have become the holder of such Shares at the  beginning of business on
the next date on which the stock  transfer  books are open.  If this  Warrant is
exercised  only in part,  the  Company,  at the time of  delivery  of said share
certificate or certificates,  shall deliver to the Holder a new Warrant,  at the
sole  cost  and  expense  of the  Company,  in  substantially  the  form  hereof
evidencing the right of the Holder to purchase the balance of the Warrant Shares
covered by this Warrant.

         At the time of exercise each  certificate  for such Common Shares shall
bear on its face or on the reverse  side thereof the  following  legend (and any
additional legend(s) required by applicable law):

         "The  securities   represented  by  this   certificate  have  not  been
         registered   under  the   Securities  Act  of  1933,  as  amended  (the
         "Securities  Act"), or any state securities laws. They may not be sold,
         offered for sale,  transferred or otherwise disposed of except pursuant
         to an effective registration statement under the Securities Act and any
         applicable state securities laws, or it is otherwise established to the
         satisfaction of the Company that such registration is not required."

                                       4
<PAGE>

Any  certificate  issued  at the  time  in  exchange  or  substitution  for  any
certificate  bearing the  foregoing  legend with respect to the  Securities  Act
shall bear said legend unless the Company  otherwise  directs or unless,  in the
written opinion of the applicable Holder's counsel obtained at Holder's expense,
reasonably satisfactory to the Company's counsel, such legend no longer applies.

         For  purposes of this Warrant  Agreement,  "Current  Market  Value" per
Common Share at any date means the consolidated  volume-weighted average trading
price for the Common Shares on the New York Stock  Exchange,  the American Stock
Exchange  or the Nasdaq  National  Market,  to the extent the Common  Shares are
listed or included  for trading  thereon,  during the  primary  trading  session
currently ending at 4:00 p.m. on the trading day immediately preceding such date
of determination.

                  3.  Limitation  on Exercise of Warrant.  This Warrant shall be
exercisable  with respect to eighty percent (80%) of the aggregate Common Shares
subject to this Warrant at any time during the Exercise Period  beginning on the
date hereof. This Warrant shall become exercisable with respect to the remaining
twenty percent (20%) of the aggregate  Common Shares (the "20% Vesting  Amount")
subject  to this  Warrant  upon  the  earlier  to  occur  of (i)  the  Company's
registration statement on Form S-3 (the "Form S-3") filed pursuant to the Equity
Line  Arrangement (as defined below) being declared  effective by the Securities
and Exchange Commission or (ii) one-hundred and twenty (120) days after the date
of this Warrant. Notwithstanding any other provision herein to the contrary, the
20% Vesting  Amount shall not become  exercisable  in the event that the Company
terminates  that certain  Structured  Equity Line Flexible  Financing  Agreement
between the Company and Cripple Creek  Securities,  LLC dated as of December 30,
1999 (the "Equity Line  Arrangement")  and such  termination  is a result of the

                                       5
<PAGE>

determination  pursuant to Section 2.6(b) of the Equity Line  Arrangement by the
Board  of  Directors  of the  Company  that  that the  review  by the SEC of the
Company's registration statement filed on Form S-3 may have an adverse effect on
the timing or  marketability  of a public  offering of  securities by elcom.com,
inc., a Subsidiary of the Company.

                  4.  Transferability;  Limitation on Rights. The Holder of this
Warrant  shall not be entitled to give,  sell,  transfer (by operation of law or
otherwise),  pledge, mortgage,  hypothecate or otherwise dispose of this Warrant
without the prior written  approval of the Company,  which  approval shall be in
the sole discretion of the Company.  Notwithstanding  the foregoing,  the Holder
shall be entitled to transfer this Warrant,  without the consent of the Company,
to any entity that is part of an  "affiliated  group" with the Company,  as such
term is defined in Section  1504(a) of the  Internal  Revenue  Code of 1986,  as
amended.

                  5.       Antidilution Provisions
                           (a)      Changes in  Capitalization.  In the event
that at any time or from time to time the  Company  shall (i) pay a dividend  or
make a  distribution  on its Common  Shares  payable  in Common  Shares or other
equity  interests of the Company,  (ii) subdivide its outstanding  Common Shares
into a larger  number of Common  Shares,  (iii) combine its  outstanding  Common
Shares into a smaller  number of Common  Shares or (iv) increase or decrease the
number of Common Shares  outstanding by  reclassification  of its Common Shares,
then  the  number  of  Common  Shares  issuable  upon  exercise  of the  Warrant
immediately  after the  happening  of such event  shall be  adjusted to a number
determined by multiplying the number of Common Shares that the Holder would have
owned or have been  entitled  to receive  upon  exercise  had the  Warrant  been
exercised  immediately prior to the happening of the events described above (or,
in the case of a dividend or  distribution  of Common  Shares or other shares

                                       6
<PAGE>

of capital stock,  immediately prior to the record date therefor) by a fraction,
the  numerator of which shall be the total number of Common  Shares  outstanding
immediately   after  the  happening  of  the  events  described  above  and  the
denominator  of which  shall be the total  number of Common  Shares  outstanding
immediately prior to the happening of the events described above; and subject to
Section 5(g),  the Exercise Price for each Warrant shall be adjusted to a number
determined by dividing the Exercise Price immediately prior to such event by the
aforementioned  fraction. An adjustment made pursuant to this Section 5(a) shall
become effective immediately after the effective date of such event, retroactive
to the record date therefor in the case of a dividend or  distribution of Common
Shares or other shares of the Company's capital stock.

                           (b)   Rights Issued to All Holders of Common Shares.
In the event that at any time or from time to time the  Company  shall  issue to
all holders of Common Shares,  without any charge,  rights,  options or warrants
entitling  the holders  thereof to subscribe  for Common  Shares,  or securities
convertible  into or exchangeable  or exercisable  for Common Shares,  entitling
such holders to  subscribe  for or purchase  Common  Shares at a price per share
that is lower at the record date for such issuance than the then Current  Market
Value  per  Common  Share  other  than in  connection  with  the  adoption  of a
shareholder  rights  plan by the  Company,  then the  number  of  Common  Shares
issuable  upon the  exercise  of each  Warrant  shall be  increased  to a number
determined by multiplying the number of Common Shares  theretofor  issuable upon
exercise  of the  Warrant by a  fraction,  the  numerator  of which shall be the
number of Common  Shares  outstanding  on the date of issuance  of such  rights,
options,  warrants or  securities  plus the number of  additional  Common Shares
offered for  subscription or, purchase or into or for which such securities that
are issued are convertible,  exchangeable or exercisable, and

                                       7
<PAGE>

the denominator of which shall be the number of Common Shares outstanding on the
date of issuance of such rights, options,  warrants or securities plus the total
number of Common  Shares  that the  aggregate  consideration  received  or to be
received by the Company upon  exercise or conversion in full of all such rights,
options,  warrants or securities would purchase at the then Current Market Value
per Common Share.  Subject to Section 5(g), in the event of any such adjustment,
the  Exercise  Price shall be adjusted to a number  determined  by dividing  the
Exercise Price immediately prior to such date of issuance by the  aforementioned
fraction.  Such adjustment shall be made immediately after such rights,  options
or warrants are issued and shall  become  effective,  retroactive  to the record
date for the  determination  of  stockholders  entitled to receive  such rights,
options, warrants or securities.

                           (c)      Other Issuances of Common Shares or Rights.
In the event that at any time or from time to time the  Company  shall issue (i)
Common  Shares  (subject  to the  provisions  below),  (ii)  rights,  options or
warrants  entitling the holder thereof to subscribe for Common Shares (provided,
however,  that no  adjustment  shall be made upon the  exercise of such  rights,
options or warrants),  or (iii)  securities  convertible into or exchangeable or
exercisable for Common Shares  (provided,  however,  that no adjustment shall be
made upon the conversion,  exchange or exercise of such securities),  and in any
event other than for Excluded Shares (as defined in Section 5(j)) at a price per
share at the record  date of such  issuance  that is less than the then  Current
Market Value per Common Share,  then the number of Common  Shares  issuable upon
the  exercise  of the  Warrant  shall be  increased  to a number  determined  by
multiplying  the number of Common Shares  theretofore  issuable upon exercise of
the Warrant by a fraction,  the numerator of which shall be the number of Common
Shares  outstanding  immediately  after such sale or issuance plus the number of
additional  Common Shares  offered for  subscription  or

                                       8
<PAGE>

purchase or into or for which such securities  that are issued are  convertible,
exchangeable or exercisable, and the denominator of which shall be the number of
Common Shares  outstanding  immediately  prior to such sale or issuance plus the
total number of Common Shares which the aggregate  consideration  expected to be
received by the Company (assuming the exercise or conversion in full of all such
rights,  options,  warrants or  securities,  if any) would  purchase at the then
Current  Market  Value per Common  Shares,  and  subject to  Section  5(g),  the
Exercise Price shall be adjusted to a number determined by dividing the Exercise
Price immediately prior to such date of issuance by the aforementioned fraction.
For  purposes of this  Section  5(c) only,  any  issuance of Common  Shares,  or
rights,  options or warrants to subscribe for, or other  securities  convertible
into or  exercisable or  exchangeable  for,  Common  Shares,  which issuance (or
agreement to issue) (A) is in exchange for or otherwise in  connection  with the
bona fide acquisition of property  (excluding any such exchange  exclusively for
cash) of any person or entity and (B) is at a price per share  equal to the fair
market value  thereof at the time an agreement in principle is reached or at the
time a definitive  agreement is entered into,  shall be deemed to have been made
at a price per share equal to the Current  Market  Value per share at the record
date with respect to such  issuance (or, if  applicable,  the time of closing or
consummation of such exchange or  acquisition)  if such definitive  agreement is
entered  into within 120 days of the date of such  agreement in  principle.  For
purposes  of the  foregoing  sentence,  (x) in the case of an issuance of Common
Shares in an  amount  less than 5% of the  then-outstanding  Common  Shares on a
fully  diluted  basis,  the  Company's  Board of  Directors,  in its  reasonable
discretion,  shall have  determined that the price per share times the aggregate
Common Shares issued is equal to the fair market value of the property  received
in exchange  therefor  or (y) in the case of an issuance of Common  Shares in an
amount greater than 5% of the then-outstanding  Common

                                       9
<PAGE>

Shares on a fully diluted  basis,  the Company  shall obtain a fairness  opinion
from a reputable  investment  banking firm or, as  appropriate,  an appraisal or
other report from a reputable  individual  or entity  engaged in the business of
rendering  such  appraisals  or  reports  as to the  fair  market  value of such
property  received or to be  received by the Company in exchange  for the Common
Shares.

                           (d)       Merger.  If at any time after the date
hereof there shall be a merger or  consolidation of the Company with or into, or
a transfer of all or substantially  all of the assets of the Company to, another
entity,  then the Company shall deliver notice of such transaction no later than
ten (10)  business  days  prior to the  consummation  of such  transaction  (the
"Merger  Notice").  If (i) the Holder does not deliver notice of exercise of the
Warrant  pursuant  to Section 2 hereof,  within  eight (8)  business  days after
delivery of the Merger  Notice and (ii) such  transaction  is  consummated  with
thirty (30)  business  days after  delivery of the Merger  Notice,  this Warrant
shall be canceled in its entirety  upon  consummation  of the  transaction.

                           (e)      Spin-Off.  If at any time  after  the  date
hereof the Company shall make a distribution on its Common Shares in the form of
assets of the Company  (including  the capital  stock of any  subsidiary  of the
Company),  the Purchase Price set forth in Section 1 hereof shall be adjusted to
a number  determined by  multiplying  the Purchase  Price in effect  immediately
prior to such  distribution  by a fraction,  the numerator of which shall be the
volume-weighted average of the Current Market Value of the Common Shares for the
five trading days following the  distribution  and the denominator  shall be the
volume-weighted average of the Current Market Value of the Common Shares for the
five  trading days  immediately  preceding  the  distribution.

                                       10
<PAGE>

                           (f)     Superseding Adjustment.  Upon the expiration
of any rights,  options,  warrants or  conversion or exchange  privileges  which
resulted in  adjustments  pursuant to this  Article 5, if any thereof  shall not
have been exercised in full, then the number of Warrant Shares issuable upon the
exercise of the Warrant shall be readjusted  pursuant to the applicable  section
of Article 5 as if (A) only Common Shares issuable upon exercise of such rights,
options, warrants,  conversion or exchange privileges were the Common Shares, if
any,  actually  issued upon the  exercise of such rights,  options,  warrants or
conversion or exchange privileges and (B) Common Shares actually issued, if any,
were issuable for the  consideration  actually received by the Company upon such
exercise  plus the aggregate  consideration,  if any,  actually  received by the
Company for the issuance, sale or grant of all such rights, options, warrants or
conversion  or exchange  privileges  whether or not  exercised  and the Exercise
Price shall be readjusted  inversely.

                           (g)       Minimum  Adjustment.  The adjustments
required by the preceding  Sections of this Article 5 shall be made whenever and
as often as any specified event requiring an adjustment shall occur, except that
no adjustment of the Exercise Price or the number of Common Shares issuable upon
exercise of Warrants that would  otherwise be required  shall be made unless and
until such adjustment, either by itself or with other adjustments not previously
made,  increases or decreases by at least 0.05% the Exercise Price or the number
of Common Shares issuable upon exercise of the Warrant  immediately prior to the
making of such  adjustment.  Any  adjustment  representing a change of less than
such  minimum  amount  shall  be  carried  forward  and  made  as  soon  as such
adjustment,  together with other adjustments  required by this Article 5 and not
previously  made, would result in a minimum  adjustment.  For the purpose of any
adjustment, any specified event shall be deemed to have occurred at the close of

                                       11
<PAGE>

business on the date of its  occurrence.  In  computing  adjustments  under this
Article 5, fractional interests in Common Shares shall be rounded to the nearest
whole number of Common Shares.

                           (h)       Notice of Adjustment. Whenever the Exercise
Price or the number of Common  Shares  issuable  upon exercise of the Warrant is
adjusted,  as  herein  provided,  the  Company  shall  deliver  to the  Holder a
certificate  setting  forth,  in  reasonable  detail,  the event  requiring  the
adjustment  and  the  method  by  which  such  adjustment  was  calculated,  and
specifying  the Exercise  Price and the number of Common  Shares  issuable  upon
exercise of Warrants after giving effect to such adjustment, which absent patent
error shall be final and conclusive.

                           (i)       Adjustment to Warrant Certificate.  The
form of Warrant  Certificate  need not be changed because of any adjustment made
pursuant  to  this  Article  5,  and  Warrant  Certificates  issued  after  such
adjustment  may state  the same  Exercise  Price  and the same  number of Common
Shares  issuable  upon  exercise  of the  Warrant  as is stated  in the  Warrant
Certificate initially issued pursuant to this Agreement.  The Company,  however,
may at any time in its sole  discretion  make any  change in the form of Warrant
Certificate  that it may deem  appropriate to give effect to such adjustment and
that does not affect the substance of the Warrant  Certificate or otherwise have
an adverse effect on the Holder, and any Warrant  Certificate  thereafter issued
or countersigned, whether in exchange or substitution for an outstanding Warrant
Certificate  or otherwise,  may be in the form as so changed.

                           (j)       Exceptions to Antidilution Provisions.
Without  limiting  any  other  exception  contained  in this  Section  5, and in
addition  thereto,  no  adjustment  need  be  made  for  any  of  the  following
(collectively, the "Excluded Shares"):

                                       12
<PAGE>

          (i) grants or  exercises  of rights  granted to  directors,  officers,
     employees,  consultants  and others  pursuant  to any stock  option plan or
     agreement, stock purchase plan or agreement, compensatory stock issuance or
     restriction agreement,  stock ownership plan (ESOP),  consulting agreement,
     or such other  compensatory  options,  issuances,  warrants,  agreements or
     plans  approved by a majority of the members of the Board of  Directors  or
     applicable committee thereof;

          (ii)  options,  warrants  or other  agreements  or rights to  purchase
     capital stock of the Company entered into prior to the date of the issuance
     of this Warrant, and any issuance of Common Shares in connection therewith;

          (iii) rights to purchase  Common Shares pursuant to a Company plan for
     reinvestment of dividends or interest;

          (iv) a change in the par value of Common  Shares  (including  a change
     from par value to no par value or vice versa);

          (v)  Common  Shares  (or  options,  warrants,  rights to  purchase  or
     convertible  or  exchangeable  securities  therefor)  issued or issuable in
     connection with the  acquisition by the Company or any of its  subsidiaries
     of all or substantially all of the assets, or the acquisition of the common
     stock of another corporation or business  organization where the Company is
     the surviving or acquiring entity;

          (vi) Common Shares or preferred stock (or options, warrants, rights to
     purchase or  convertible or  exchangeable  securities  therefor)  issued or
     issuable in connection with any joint venture, strategic alliance, or other
     similar  relationship,  or  otherwise in  connection  with the grant of, or
     acquisition by, the Company of license, distribution,  marketing or similar
     rights  in  consideration  of the  exchange  or  transfer  of  intellectual

                                       13
     <PAGE>

     property or proprietary rights,  whether of the Company or any third party;
     provided,  however,  that the Board of  Directors  of the  Company,  in its
     reasonable  discretion,  determines  that the  price  per  share  times the
     aggregate  Common  Shares  issued is equal to the fair market  value of the
     property received in exchange therefor; or

          (vii)  options,  warrants  or other  agreements  or rights to purchase
     capital stock of the Company  entering  into in connection  with the Equity
     Line Arrangement.

          6. Dissolution, Liquidation, Winding-Up. If the Company at any time
during the Exercise Period shall dissolve, liquidate or wind-up its affairs, the
Holder may thereafter receive upon the proper exercise hereof in accordance with
Section 2 on or prior to the record  date for any such  action,  in lieu of each
Common Share or fraction  thereof  that it would have been  entitled to receive,
the same  kind and  amount  of any  securities  or  assets  as may be  issuable,
distributable  or payable with respect to such Common Share or fraction  thereof
upon any such dissolution,  liquidation or winding-up.  Upon notice delivered by
the  Holder  to the  Company  at any  time  prior  to the  record  date  for any
liquidation or winding-up of the Company,  and notwithstanding that the Warrants
evidenced  by this Warrant  Agreement  have not yet been  exercised,  the Holder
shall be entitled to be treated as if this Warrant  Agreement had been exercised
to the fullest extent that it is exercisable as of such record date and shall be
entitled  to  receive  out of the  assets  distributed  in such  liquidation  or
winding-up  (on a pari passu basis with the holders of common stock) such assets
as the Holder would have  received as a holder of common stock upon the exercise
to the fullest extent that it is  exercisable  hereunder as of such record date,
less the sum total that would  have been  payable by the Holder as the  Purchase
Price upon such  exercise.  Subject to this Section 6, the Warrants shall lapse,
and this  Warrant

                                       14
<PAGE>

Agreement  shall  terminate  and be of no  further  force and  effect,  upon any
liquidation or winding-up of the Company.

        7. Notice. Upon (a)any taking by the Company of a record of the holders
of any class of  securities  for which this  Warrant  may be  exercised  for the
purpose of  determining  the  holders  thereof  who are  entitled to receive any
dividend  (other than a cash dividend  payable out of surplus of the Company) or
other  distribution,   (b)  any  capital  reorganization  of  the  Company,  any
reclassification or  recapitalization  of the capital stock of the Company,  (c)
any merger of the Company  other than a merger of the Company  with an Affiliate
(as such term is defined in Rule 12b-2 of the regulations  promulgated under the
Securities  and  Exchange  Act of 1934,  as  amended)  or a merger  in which the
shareholders  of the Company  prior to such merger will continue to own at least
fifty percent (50%) of the shares of the surviving  entity, or (d) any voluntary
or involuntary dissolution,  liquidation or winding-up of the Company or sale or
transfer of all or substantially  all of the assets of the Company,  then and in
each such event, the Company shall mail or cause to be mailed to Holder a notice
specifying  (i) the date on which any such record is to be taken for the purpose
of such dividend or  distribution,  and stating the amount and character of such
dividend  or  distribution,  or (ii) the date on which any such  reorganization,
reclassification, recapitalization, merger, dissolution, liquidation, winding-up
or sale or  transfer  of assets is to take  place,  and the date,  if any, as of
which the holders of record of Common  Shares  shall be entitled to vote thereon
or to exchange their Common Shares for securities or other property  deliverable
upon such dissolution, liquidation or winding-up. Such notice shall be mailed at
least  twenty  (20)  days  prior  to  the  record  date  therein  specified.

                                       15
<PAGE>

          8.   Representations, Warranties and Covenants.

               (a) Representations and Warranties of the Company.  The Company
hereby  represents  and warrants to the Holder as follows:

               (1) The Company has full legal  right,  power and  authority  to
     enter into and perform this Warrant  Agreement and the execution,  delivery
     and  performance  by the Company of this  Warrant  Agreement  is within the
     Company's  corporate  powers,  has been duly  authorized  by all  necessary
     corporate  action,  and does not and will not  contravene (a) the Company's
     Restated  Certificate of  Incorporation,  as amended,  or By-laws,  (b) any
     applicable law, rule,  regulation or the requirement of any jurisdiction to
     which the Company is subject or (c) result in a breach of or default  under
     any material agreement or arrangement required to be filed as an Exhibit to
     the  Company's  SEC filings to which the  Company may be a party.

               (2) This Warrant Agreement is duly executed and delivered and
     constitutes  the  legal,  valid  and  binding  obligation  of  the  Company
     enforceable  against the Company in accordance with its terms.  The Warrant
     Shares  issuable upon exercise of the Warrant have been duly authorized and
     reserved for issuance and, when issued in accordance  with the terms of the
     Warrant, will be validly issued, fully paid and non-assessable, and without
     violation of any preemptive rights.

     (b)  Representations  and Warranties of the Holder.  The Holder  hereby
represents  and warrants to the Company as follows:

                                       16
<PAGE>

              (1) the Holder is entering into this Agreement for its own account
     and  not  with a  present  view  to or for  sale  in  connection  with  any
     distribution  thereof to others  and the Holder has no present  arrangement
     (whether  or not  legally  binding) to sell at any time the Warrant (or the
     securities  underlying the Warrant) to or through any person or entity.

              (2) the Holder is a sophisticated  investor (as described in Rule
     506(b)(2)(ii)  of Regulation D under the Securities  Act) and an accredited
     investor (as defined in Rule 501 of Regulation D under the Securities Act),
     and the Holder has such  experience in business and financial  matters that
     it is  capable  of  evaluating  the  merits  and  risk  of  the  investment
     represented by this Warrant  Agreement.  The Holder  acknowledges  that the
     investment  represented  by  this  Warrant  Agreement  is  speculative  and
     involves a high  degree of risk,  and that the Holder is able to afford the
     complete loss of its investment  represented by the Warrant Agreement.

               (3) the Holder  has full legal  right,  power and  authority  to
     enter into and  perform  this  Warrant  Agreement.

               (4) the  execution  and delivery  of  this  Warrant Agreement  by
      it and the consummation of the  transactions  and  performance  of  other
     covenants   contemplated   hereby  do  not  and  will  not  contravene  its
     Certificate  of  Incorporation  or bylaws  (a) any  applicable  law,  rule,
     regulation or the  requirement of any  jurisdiction  to which the Holder is
     subject  or (b)  result  in a  breach  of or  default  under  any  material
     agreement  or  arrangement  to which the  Holder  may be a party.

                                       17
<PAGE>

               (5) this Warrant Agreement constitutes the legal, valid and
     binding obligation of the Holder, enforceable against it in accordance with
     its terms.

     9.  Reservation of Shares.  The Company shall at all times reserve and keep
available,  free from  preemptive  rights,  for issuance  and/or  delivery  upon
exercise  of this  Warrant  Agreement,  such number of its duly  authorized  and
unissued  Common  Shares,  or Common  Shares held in its  treasury,  as shall be
required for issuance  and delivery of Warrant  Shares upon  exercise in full of
all outstanding Warrants.

     10.  Listing  on  Securities  Exchange.  The  Company  will,  to the extent
permissible  under the rules of the Nasdaq  National  Market (or other principal
market on which  the  Common  Shares  are then  listed),  at its  expense,  list
thereon, maintain and increase when necessary such listing of, all Common Shares
issued when and to the extent the Warrant Shares are issued or issuable upon the
exercise of this Warrant so long as any Common Shares shall be so listed.

     11.  No  Fractional  Shares.  Notwithstanding  any other  provision  to the
contrary  contained  herein,  no  fractional  Common  Shares  will be  issued in
connection with any exercise hereof. Fractional interests in Common Shares shall
be rounded to the nearest whole number of Common Shares.

     12. No Stockholder  Rights.  Holders of  unexercised  Warrants shall not be
considered  stockholders  and shall not be entitled to (i) receive  dividends or
other  distributions,  (ii)  receive  notice  of or vote at any  meeting  of the
stockholders,  (iii)  consent to any action of the  stockholders,  (iv)  receive
notice as stockholders of any other proceedings of the Company, (v)

                                       18
<PAGE>

exercise any preemptive  rights or (vi) exercise any other rights  whatsoever as
stockholders of the Company.

     13.  Satisfaction  of Equity Fee in Letter  Agreement.  The  Holder  hereby
acknowledges  and agrees that the  issuance  of this  Warrant  Agreement  by the
Company fully and completely satisfies any obligation the Company may owe to the
Holder  with  respect  to the  Equity Fee (as such term is defined in the Letter
Agreement).

     14. Governing Law;  Consent to Venue and  Jurisdiction;  Arbitration.  This
Warrant Agreement shall be governed by and construed under Delaware law, without
regard to the conflict of laws  principles  thereof.  Each of the parties hereto
agrees that all disputes arising in connection with this Warrant Agreement shall
be governed by and finally settled under the rules of binding arbitration of the
American  Arbitration  Association  ("AAA")  by a  panel  of  three  arbitrators
familiar with Delaware corporate law (at least one of whom shall be an attorney)
appointed by the AAA.  Any such claim or  controversy  hereunder  shall first be
promptly  submitted  to AAA  under its  minitrial  procedures.  All  arbitration
proceedings shall take place in Boston, Massachusetts.

     15. Notices. All notices shall be in writing delivered as follows:

          If to Company, to:

                           (a)      Elcom International, Inc.
                                    10 Oceana Way
                                    Norwood, MA  02602
                                    Attn:  Chairman
                                    Telecopier:  (781) 551-0409

                                    With a copy to:

                                    Calfee, Halter & Griswold LLP
                                    1400 McDonald Investment Center
                                    800 Superior Avenue
                                    Cleveland, Ohio  44114-2688

                                       19
<PAGE>
                                    Attn:  Douglas A. Neary
                                    Telecopier:  (216)  241-0816

                           (b)      If to the Holder, to:

                                    Wit Capital Corporation
                                    826 Broadway
                                    New York, New York  10003
                                    Attn:  Chief Financial Officer
                                    Telecopier:  (212)  253-4410

                                    With a copy to:

                                    Wit Capital Corporation
                                    826 Broadway
                                    New York, New York  10003
                                    Attn:  Office of General Counsels
                                    Telecopier:  (212)  253-5289

or to such other address as may have been designated in a prior notice.  Notices
may be  sent  by (a)  overnight  courier,  (b)  facsimile  transmission,  or (c)
registered or certified mail,  postage prepaid,  return receipt  requested;  and
shall be deemed to have been  given (a) in the case of  overnight  courier,  the
second  business  day  after  the  date  sent,  (b) in  the  case  of  facsimile
transmission, on the date of such transmission,  and (c) in the case of mailing,
five business days after being mailed,  and otherwise notices shall be deemed to
have been given when received.

                  16.  Binding  Effect.  Except  as  may be  otherwise  provided
herein, this Warrant Agreement shall be binding upon and inure to the benefit of
the parties and their respective allowable successors and permitted assigns.

                  17.  Waivers.  Compliance  with the provisions of this Warrant
Agreement may be waived only by a written instrument  specifically  referring to
this Warrant Agreement and signed by the party waiving compliance.  No course of
dealing, nor any failure or delay in

                                       20
<PAGE>

exercising any right,  shall be construed as a waiver,  and no single or partial
exercise of a right shall preclude any other or further  exercise of that or any
other right.

                  18. Amendment or Modification. No supplement,  modification or
amendment of this Warrant  Agreement  shall be binding  unless made in a written
instrument which is signed by all of the parties and which  specifically  refers
to this Warrant Agreement.
                  IN WITNESS  WHEREOF,  the  Company and Holder have caused this
Warrant Agreement to be executed as of this 30th day of December, 1999.

                                   ELCOM INTERNATIONAL, INC.
                                   ("Company")

                                   By:      /s/ Peter A. Rendall
                                   Name:        Peter A. Rendall
                                   Title:  Chief Financial Officer and Secretary

                                   WIT CAPITAL CORPORATION
                                   ("Holder")

                                  By:      /s/ Bernard Siegel
                                  Name:        M. Bernard Siegel
                                  Title:  Senior Vice President and
                                          Chief Financial Officer

                                       21

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