Document:

Exhibit 10.2

                 TELEWEST COMMUNICATIONS NETWORKS LIMITED

                         SECURED CREDIT FACILITIES
                 SUMMARY OF PRINCIPAL TERMS AND CONDITIONS

The  following  summary  contains  basic  summary   information  about  the
Facilities.  This summary may not contain all of the  information  or terms
that are  contained in the Senior  Facilities  Agreement or the Second Lien
Facility Agreement.

CLOSING DATE:            The date of first  utilisation  under  the  Senior
                         Facilities  Agreement  not  to be  later  than  31
                         January 2005.

BORROWER:                Telewest Communications Networks Limited ("TCN" or
                         the  "BORROWER") and such other borrower as may be
                         provided for as contemplated by the Fees Letter.

PARENT:                  Telewest UK Limited ("TELEWEST UK").

ULTIMATE PARENT:         Telewest Global, Inc. ("TELEWEST GLOBAL").

GROUP:                   Ultimate  Parent  and  all  of  its  subsidiaries,
                         including   each  member  of  the  Target   Group,
                         following a Merger Event.

TCN GROUP:               TCN and its direct and indirect  subsidiaries  and
                         its  associated  partnerships  (but,  following  a
                         Separation,  excluding all or part of the Flextech
                         Group  the  subject  of  such   Separation)   and,
                         following an Integrated  Merger  Event,  including
                         the Target Group.

                         Once  all  or  part  of  the  Flextech   Group  is
                         excluded,     the    excluded    business    shall
                         automatically  be released  from the guarantee and
                         security  package  and any sale of any part of the
                         Flextech   Group  shall  be   excluded   from  the
                         mandatory repayment provision.

GUARANTORS:              Telewest  UK and  sufficient  members  of the  TCN
                         Group  as will be  necessary  to  ensure  that the
                         Borrower and the Guarantors  constitute 95% of the
                         Consolidated  Annualised  TCN Group Net  Operating
                         Cash Flow.

OBLIGORS:                The Borrower and the Guarantors (the "OBLIGORS").

INSTRUCTING GROUP:       In  relation  to  each  of the  Senior  Facilities
                         Agreement and the Second Lien  Facility  Agreement
                         any Lender or a group of Lenders to whom more than
                         66 2/3% of the aggregate amount  outstanding under
                         the Senior  Facilities or the Second Lien Facility
                         (as the case may be) are owed.

MANDATED LEAD            Barclays  Capital,  BNP Paribas,  Citigroup Global
ARRANGERS:               Markets  Limited,   Credit  Suisse  First  Boston,
                         Deutsche Bank AG London and Royal Bank of Scotland
                         (the "MANDATED LEAD ARRANGERS" or "MLAs").

BOOKRUNNERS:             Barclays  Capital,  BNP Paribas,  Citigroup Global
                         Markets  Limited,   Credit  Suisse  First  Boston,
                         Deutsche Bank AG London and Royal Bank of Scotland
                         (the "BOOKRUNNERS").

FACILITY AGENT FOR       [To  Come]  (the  "SENIOR   AGENT").
THE  SENIOR LENDERS:

FACILITY AGENT FOR       [To Come] (the  "SECOND  LIEN AGENT" and  together
THE SECOND LIEN          with the Senior Agent, the "AGENTS").
LENDERS:

SECURITY TRUSTEE:        [To Come] (the "SECURITY TRUSTEE").

LENDERS:                 A group of additional  lenders to be determined by
                         the MLAs with the consent of the Borrower.

SENIOR FACILITIES:       The Senior Facilities will consist of a:

                         (i)  7-year  amortizing  term loan  facility  of a
                              maximum amount of  pound 700,000,000  (the "A
                              FACILITY" or "TRANCHE A");

                         (ii) 8-year  repayment  multi-currency  term  loan
                              facility    in   a    maximum    amount    of
                              pound  425,000,000   (the  "B   FACILITY"  or
                              "TRANCHE B");

                         (iii)9-year  repayment  multi-currency  term  loan
                              facility    in   a    maximum    amount    of
                              pound  325,000,000   (the  "C   FACILITY"  or
                              "TRANCHE C" and, together with the A Facility
                              and  the  B  Facility,   the   "SENIOR   TERM
                              FACILITIES");  and

                         (iv) 7-year  revolving  loan facility in a maximum
                              amount  of   pound 100,000,000  (which  shall
                              include  an  overdraft   facility)  (save  as
                              availability  thereunder is reduced from time
                              to time by an amount  equal to the  aggregate
                              principal  amount  of (1) any  securitisation
                              programme which is a permitted disposal under
                              the Facilities Agreements, and (2) any amount
                              which would  otherwise be required to be held
                              in a blocked  account  under the terms of the
                              Facilities    Agreements    (the   "REVOLVING
                              FACILITY" and,  together with the Senior Term
                              Facilities, the "SENIOR FACILITIES").

SECOND LIEN FACILITY:         A 9 1/2 year bullet repayment  multi-currency
                              second  lien term loan  facility in a maximum
                              amount  of  pound  250,000,000  (the  "SECOND
                              LIEN FACILITY" and,  together with the Senior
                              Term Facilities, the "TERM FACILITIES").

                              The  Term   Facilities   together   with  the
                              Revolving  Facility  are  referred  to as the
                              "FACILITIES".

                              The Second Lien  Facility  will be documented
                              in a separate agreement on identical terms to
                              the Senior  Facilities,  save where otherwise
                              required by virtue of its second lien status.

AMOUNTS AND                   A FACILITY: Available in Sterling in a single
AVAILABLITY:                  drawing, with an amortization schedule as set
                              forth below:

                              Repayment Date            Amount Repayable
                              --------------            ----------------
                              30 June 2005              pound     5,000,000
                              31 December 2005          pound    15,000,000
                              30 June 2006              pound    25,000,000
                              31 December 2006          pound    30,000,000
                              30 June 2007              pound    40,000,000
                              31 December 2007          pound    50,000,000
                              30 June 2008              pound    65,000,000
                              31 December 2008          pound    70,000,000
                              30 June 2009              pound    80,000,000
                              31 December 2009          pound    80,000,000
                              30 June 2010              pound    80,000,000
                              31 December 2010          pound    80,000,000
                              30 June 2011              pound    80,000,000

                              B FACILITY:  Available in Euro, U.S.  Dollars
                              and/or Sterling in a single drawing.  Amounts
                              outstanding  under the B Facility  are due in
                              two  equal  installments  payable 7 1/2 and 8
                              years after the date of the Senior Facilities
                              Agreement.

                              C FACILITY:  Available in Euro, U.S.  Dollars
                              and/or Sterling in a single drawing.  Amounts
                              outstanding  under the C Facility  are due in
                              two  equal  installments  payable 8 1/2 and 9
                              years after the date of the Senior Facilities
                              Agreement.

                              REVOLVING  FACILITY.  The Revolving  Facility
                              will be  available  for drawing in  Sterling,
                              subject  to the  utilisation  in  full of the
                              Term  Facilities and will be available by way
                              of    drawings   or    documentary    credits
                              ("DOCUMENTARY    CREDITS").   The   Revolving
                              Facility will be available  until the day one
                              month  prior to the  final  maturity  date in
                              respect of the Revolving Facility, subject to
                              a  cleandown  provision  to  ensure  that the
                              outstanding   amounts   under  the  Revolving
                              Facility  are reduced to zero for a period of
                              at least five  consecutive  business  days in
                              each  annual  period.   After  an  Integrated
                              Merger Event,  drawings and repayments  under
                              the  Revolving  Facility  shall  be  made  in
                              accordance with the Pari Passu  Intercreditor
                              Agreement.  The Borrower  also has the option
                              to cancel all or any portion of the Revolving
                              Facility at any time.

                              SECOND LIEN FACILITY: Available in Euro, U.S.
                              Dollars and/or  Sterling in a single drawing.
                              Amounts  outstanding  under the  Second  Lien
                              Facility are due in one installment payable 9
                              1/2 years  after the date of the Second  Lien
                              Facility Agreement.

ANCILLARY FACILITIES:         The   Borrower   may,   subject   to  certain
                              conditions,   request  one  or  more  of  the
                              following   specialised    facilities:    (i)
                              overdraft,  automated payment, cheque drawing
                              or  other  current  account  facility,   (ii)
                              forward  foreign  exchange  facility,   (iii)
                              derivatives  facility,  (iv) guarantee,  bond
                              issuance,  documentary or stand-by  letter of
                              credit   facility,   (v)   performance   bond
                              facility  and/or  (vi) any other  facility as
                              agreed  upon in writing  (each an  "ANCILLARY
                              FACILITY").

                              Each  Ancillary   Facility  will  reduce  the
                              commitments under the Revolving Facility by a
                              corresponding  amount. The maximum amounts of
                              Revolving  Facility  which may be used by way
                              of Ancillary Facility is (pound)60,000,000.

PURPOSE:                      The Term Facilities  shall be applied towards
                              the  repayment of amounts  outstanding  under
                              and in  connection  with  the  existing  Loan
                              Agreement dated 16 March 2001, as amended and
                              restated  pursuant  to  a  supplemental  deed
                              dated 14 July  2004 and as  further  amended,
                              supplemented  or  modified  from time to time
                              (the  "EXISTING   SENIOR  CREDIT   FACILITIES
                              AGREEMENT"),  accrued  interest,  break costs
                              and any other  fees and  expenses  associated
                              with this transaction. To the extent the Term
                              Facilities  are  insufficient  to  meet  such
                              payments in full, a portion of the  Revolving
                              Facility   shall  be  applied   towards  such
                              purposes and the  remainder of the  Revolving
                              Facility  shall be  applied  towards  working
                              capital and general corporate purposes of the
                              TCN Group.

CONDITIONS                    First   utilisation   of  the  Facilities  is
PRECEDENT TO FIRST            conditional upon the receipt of, inter alia:
UTILISATION:

                              (i)    customary corporate  documentation and
                                     resolutions;

                              (ii)   necessary      authorizations      and
                                     clearances;

                              (iii)  annual audited financial statements of
                                     the TCN Group for financial year ended
                                     31   December   2003   and   quarterly
                                     unaudited financial  statements of the
                                     TCN Group for each  financial  quarter
                                     ended  after such date and at least 45
                                     days prior to the Closing Date;

                              (iv)   payment of all fees to the extent then
                                     due under the terms of the Fees Letter
                                     or the Agency  Fee Letter (as  defined
                                     below);

                              (v)    duly  executed  copies of the  finance
                                     documentation  including a  facilities
                                     agreement for the Senior Facilities (a
                                     "SENIOR  FACILITIES   AGREEMENT"),   a
                                     facility agreement for the Second Lien
                                     Facility  (a  "SECOND  LIEN   FACILITY
                                     AGREEMENT"   and  together   with  the
                                     Senior   Facilities   Agreement,   the
                                     "FACILITIES  AGREEMENTS"),  an  agency
                                     fee letter (the "AGENCY FEE  LETTER"),
                                     intercreditor  agreements and security
                                     documentation     (collectively    the
                                     "FINANCING DOCUMENTATION");

                              (vi)   copy  of the  group  structure  chart;

                              (vii)  legal opinions;

                              (viii) in the case of the Senior  Facilities,
                                     the Senior Agent being  satisfied that
                                     pound 250,000,000  (or  such amount in
                                     such  currencies  as may be  available
                                     under   the   Second   Lien   Facility
                                     following  exercise of the market flex
                                     provision),  will be drawn  under  the
                                     Second   Lien   Facility   before   or
                                     simultaneously with such utilisation;

                              (ix)   in  the  case  of  the   Second   Lien
                                     Facility,  the Second Lien Agent being
                                     satisfied   that   pound 1,450,000,000
                                     (or such amount in such  currencies as
                                     may be available under the Senior Term
                                     Facilities  following  exercise of the
                                     market flex provision or as originally
                                     denominated in other  currencies) will
                                     be  drawn   under  the   Senior   Term
                                     Facilities  before  or  simultaneously
                                     with such utilisation; and

                              (x)    satisfactory    evidence    that   the
                                     Existing   Senior  Credit   Facilities
                                     Agreement  will be  repaid in full and
                                     all   security   granted   in  respect
                                     thereof  has been or will be  released
                                     upon   first    drawdown   under   the
                                     Facilities.

                              together   with  such  other   documents   or
                              evidence as the Agents may reasonably request
                              or require.

SECURITY:                     The  Senior  Facilities  will be  secured  by
                              first  priority   perfected  liens  over  the
                              shares and substantially all of the assets of
                              the  Borrower  and  each  of  the  Guarantors
                              (collectively,  the  "COLLATERAL"),  and  the
                              Second  Lien  Facility  will  be  secured  by
                              second  priority  perfected  liens  over  the
                              Collateral;  provided  in each case that,  in
                              the case of Telewest UK, the Collateral shall
                              be  limited  to a pledge of the shares of the
                              Borrower and of any receivables  from time to
                              time  payable to Telewest UK by any member of
                              the   TCN   Group.

INTEREST RATES:               TERM  FACILITIES:  Advances  under  the  Term
                              Facilities  will be the sum of  EURIBOR  (for
                              any  Euro-denominated  advance) or LIBOR (for
                              any advance  denominated in another currency)
                              for  the  relevant   interest   period,   the
                              applicable cost of complying with any reserve
                              requirements   and  the   applicable   margin
                              (either  the  "A  FACILITY  MARGIN",  the  "B
                              FACILITY MARGIN",  the "C FACILITY MARGIN" or
                              the "SECOND LIEN FACILITY MARGIN").

                              The A  Facility  Margin,  subject  to  Margin
                              Ratchet below, will be 2.25% per annum.

                              The B  Facility  Margin,  subject  to  Margin
                              Ratchet below, will be 2.75% per annum.

                              The C  Facility  Margin  will  be  3.25%  per
                              annum.

                              The  Second  Lien  Facility  Margin  will  be
                              determined based on market  conditions as set
                              forth in the Fees Letter.

                              REVOLVING CREDIT FACILITY: Advances under the
                              Revolving  Facility  will be the sum of LIBOR
                              for the relevant period,  the applicable cost
                              of  complying  with any reserve  requirements
                              and the applicable  margin which,  subject to
                              Margin Ratchet below, will be 2.25% per annum
                              (the "REVOLVING FACILITY MARGIN").

                              The default  interest  shall be an additional
                              1.00% to the applicable margin.

MARGIN RATCHET:               The Applicable  Margin for the A Facility and
                              the Revolving Facility shall,  beginning with
                              the first  quarter date  occurring at least 6
                              months from the Closing Date, each be subject
                              to a margin  ratchet  based upon the ratio of
                              Consolidated  Net Borrowings to  Consolidated
                              Annualised  TCN Group Net Operating Cash Flow
                              in accordance with the following table:

                              Ratio                      Applicable  Margin
                              -----                      ------------------
                              Greater than or equal to          2.25%
                              3.75:1
                              Less than 3.75:1 but greater      2.00%
                              than or equal to 3.5:1
                              Less than 3.5:1 but greater       1.85%
                              than or equal to 3.25:1
                              Less than 3.25:1 but greater      1.65%
                              than or equal to 3:1
                              Less than 3:1                     1.50%

                              The  Applicable  Margin  for  the B  Facility
                              shall be  subject  to a margin  ratchet  such
                              that,  from and after the first  quarter date
                              occurring at least 6 months after the Closing
                              Date on which the ratio of  Consolidated  Net
                              Borrowings  to  Consolidated  Annualised  TCN
                              Group Net Operating Cash Flow is less than or
                              equal to 3.0 to 1.0,  the B  Facility  Margin
                              shall be reduced by 25 basis points.

                              Upon an Event of Default which is continuing,
                              the   applicable   margin  for  each  of  the
                              Revolving Facility,  the A Facility and the B
                              Facility  will  revert  back  to the  initial
                              margin  with  respect  to each such  Facility
                              until such time that the Event of Default has
                              been remedied or waived.

INTEREST PAYMENTS:            TERM FACILITIES: Interest payments to be made
                              at the end of each Interest  Period (being 1,
                              2,  3,  6 or,  if  available  to  all  of the
                              Lenders,  9 or 12 months in duration,  at the
                              election of the Borrower, or a longer period,
                              as agreed by the  Lenders  (and,  if the Term
                              exceeds  6  months,  on the  expiry  of  each
                              period of 6 months  during such  Term)).  The
                              default  interest  period  in  the  event  no
                              election is made by the  Borrower,  will be 3
                              months.

                              REVOLVING  FACILITY:  Interest payments to be
                              made at the end of each Term  (being 1, 2, 3,
                              6 or, if available  to all of the Lenders,  9
                              or 12 months in duration,  at the election of
                              the Borrower,  or a longer period,  as agreed
                              by the Lenders  (and,  if the Term  exceeds 6
                              months,  on the  expiry  of each  period of 6
                              months during such Term)).

DOCUMENTARY CREDIT            A letter of credit fee equal to the Revolving
FEES:                         Facility   Margin  will  be  applied  on  the
                              outstanding amount of letters of credit. Such
                              fee will be paid in  arrears  on the last day
                              of each  successive  period  of three  months
                              during the term of the  relevant  Documentary
                              Credit.

UNDERWRITING FEES:            As set out in the separate Fees Letter.

COMMITMENT FEES:              As set out in the separate Fees Letter.

AGENCY FEE:                   As set out in the separate Agency Fee Letter.

VOLUNTARY                     Upon  3  business   days  prior   notice  for
PREPAYMENTS AND               cancellations   and  5  business  days  prior
COMMITMENT                    notice for prepayments, the Senior Facilities
REDUCTIONS:                   may be  prepaid  in  whole  or in part (if in
                              part, in a minimum amount of  pound 5,000,000
                              or integral  multiples  of   pound 1,000,000)
                              without  premium  or  penalty  subject to the
                              payment of any break costs.

                              Any  prepayment  of the Second Lien  Facility
                              prior to the date that is 12 months after the
                              Closing Date (the "NON-CALL  PERIOD") will be
                              at par plus the Applicable Make-Whole Premium
                              (to be defined in accordance  with  customary
                              market  terms),  together  with  accrued  and
                              unpaid  interest,  if any,  as at the date of
                              prepayment.  From  and  after  the end of the
                              Non-Call  Period  upon 5 business  days prior
                              notice,  the  Second  Lien  Facility  may  be
                              prepaid in whole or in part (if in part, in a
                              minimum amount of pound 5,000,000 or integral
                              multiples of pound 1,000,000), subject to the
                              payment of the Second Lien Prepayment Premium
                              referred to below (if  applicable) and to the
                              payment  of any  break  costs  but  otherwise
                              without premium or penalty.

SECOND LIEN                   Any prepayment occurring after the end of the
PREPAYMENT                    Non-Call Period,  in whole or in part, of the
PREMIUM:                      Second Lien Facility  shall be accompanied by
                              a prepayment fee (the "SECOND LIEN PREPAYMENT
                              PREMIUM")  which  shall be equal to (i) 2.00%
                              of the  principal  amount of the Second  Lien
                              Facility being prepaid, if such prepayment is
                              made  at  any  time  after  the  end  of  the
                              Non-Call  Period  but  prior  to  the  second
                              anniversary  of the Closing Date,  (ii) 1.00%
                              of the  principal  amount of the Second  Lien
                              Facility being prepaid, if such prepayment is
                              made  at any  time  on or  after  the  second
                              anniversary  of the Closing Date but prior to
                              the third  anniversary  of the Closing  Date,
                              and (iii)  0.00% of the  principal  amount of
                              the Second Lien Facility  being  prepaid,  if
                              such  prepayment  is made  at any  time on or
                              after the third  anniversary  of the  Closing
                              Date.

MANDATORY                     Substantially as set out in Part 1 of Annex A
PREPAYMENTS AND               hereto.
COMMITMENT
REDUCTIONS:

APPLICATION OF                Substantially as set out in Part 1 of Annex A
VOLUNTARY OR                  hereto.
MANDATORY PREPAYMENTS:

REPRESENTATIONS AND           Customary and  appropriate  for financings of
WARRANTIES:                   this  type  (to  include  repetition,   where
                              appropriate, on each utilisation date and the
                              first day of each interest  period),  subject
                              in  each  case  to  agreed   exceptions   and
                              disclosures and where  appropriate  qualified
                              by reference to  materiality  or a concept of
                              material adverse effect, including:

                              (i)     due  organisation  and  authority  to
                                      enter     into     the      Financing
                                      Documentation;

                              (ii)    no deduction or tax  withholding  for
                                      any  payment  to be  made  under  the
                                      Financing Documentation;

                              (iii)   claims  are  at least pari passu with
                                      senior unsecured obligations;

                              (iv)    no immunity;

                              (v)     recognition   of  governing  law  and
                                      judgments;

                              (vi)    no filing or stamp taxes due;

                              (vii)   all    obligations    under   Finance
                                      Documentation       are       binding
                                      obligations;

                              (viii)  no insolvency  proceedings (including
                                      in   relation   to  (a)  winding  up,
                                      suspension  of payments,  moratorium,
                                      dissolution,     adminstration     or
                                      reorganisation;  (b)  appointment  of
                                      liquidator,  receiver,  adminstrative
                                      receiver,  adminstrator,   compulsory
                                      manager  or  similar   officer;   (c)
                                      composition  or  compromise  of other
                                      arrangement or (d) enforcement of any
                                      of  the  Security  or  any  analogous
                                      step);

                              (ix)    no event of default has occurred;

                              (x)     no material  proceedings exist or are
                                      threatened in writing;

                              (xi)    original  financial   statements  are
                                      prepared in accordance  with UK or US
                                      GAAP, as applicable;

                              (xii)   no material  adverse  change since 31
                                      December 2003;

                              (xiii)  no  material  liabilities  which have
                                      not been disclosed;

                              (xiv)   accuracy of  information  memorandum,
                                      no omission of material  information,
                                      no materially misleading  information
                                      and    reasonable     opinions    and
                                      assumptions  made in  preparation  of
                                      information  memorandum,  budget  and
                                      business plan;

                              (xv)    no indebtedness and encumbrances save
                                      as  permitted   under  the  Financing
                                      Documentation;

                              (xvi)   execution of Financing  Documentation
                                      does  not  conflict  with  any  other
                                      agreement,  constitutional  documents
                                      or applicable law;

                              (xvii)  material    accuracy   of   corporate
                                      structure;

                              (xviii) compliance with material environmental
                                      laws;

                              (xix)   all  necessary   authorisations  have
                                      been obtained;

                              (xx)    ownership  of  material  intellectual
                                      property and no infringement of third
                                      party intellectual property rights;

                              (xxi)   ownership of assets;

                              (xxii)  payment of taxes and tax residence of
                                      Obligors;

                              (xxiii) compliance with pension plan laws;

                              (xxiv)  ownership of assets which are subject
                                      to the security;

                              (xxv)   shares  subject to security are fully
                                      paid and  transfer  of such shares on
                                      enforcement    not    restricted   by
                                      constitutional  documents of relevant
                                      issuing company;

                              (xxvi)  no     execution,      expropriation,
                                      attachment,   distress  or  analogous
                                      process;

                              (xxvii) inapplicability of Investment  Company
                                      Act and the  Public  Utility  Holding
                                      Company Act;

                              (xxviii)U.S. Patriot Act

                              (xxix)  compliance with applicable laws;

                              (xxx)   no   "disqualified   persons"   under
                                      Broadcasting Act 1990;

                              (xxxi)  adequate insurance;

                              (xxxii) certification   of   centre  of  main
                                      interests; and

                              (xxxiii)no    material    claims    made   or
                                      threatened    in   writing    against
                                      Telewest UK pursuant to the  Transfer
                                      Agreement.

FINANCIAL                     TCN will  provide in  relation to each of (a)
STATEMENTS:                   the TCN Group and (b) the Group:

                              (i)    no later  than 120 days  after the end
                                     of each of TCN's financial  years, the
                                     consolidated  financial statements for
                                     such  financial year in respect of the
                                     TCN   Group   and   of   the    Group,
                                     accompanied  by  an  auditor's  report
                                     thereon;

                              (ii)   no later than 45 days after the end of
                                     each   of  Q1,   Q2  and  Q3  of  each
                                     financial    year,    the    unaudited
                                     consolidated    quarterly    financial
                                     statements of the TCN Group and of the
                                     Group,  other  than in  respect of the
                                     financial   quarter   during  which  a
                                     Merger Event or an  Integrated  Merger
                                     Event occurs,  in which case, no later
                                     than  90  days  after  the end of such
                                     financial quarter; and

                              (iii)  no later than 45 days after the end of
                                     Q4  in  each   financial   year,   the
                                     unaudited   consolidated    management
                                     accounts  of the TCN  Group and of the
                                     Group  in  respect  of such  financial
                                     quarter.

                              In relation to the financial  information  of
                              the  Group  only,   the  above   requirements
                              (including  in relation  to the Q4  financial
                              statements  in (iii)  above) may be satisfied
                              by the  provision,  within the specified time
                              periods,  of copies of reports  for the Group
                              already   filed  with  the   Securities   and
                              Exchange  Commission ("SEC") for the relevant
                              period  (it being  acknowledged  that the SEC
                              does not  currently  require the filing of Q4
                              statements).

BUDGET:                       The Borrower will  provide,  no later than 31
                              January each year,  the annual budget for the
                              TCN  Group  for  such   financial   year  and
                              projections   for   the   current   financial
                              quarter.

CHANGE IN                     Each   set  of   financial   information   as
ACCOUNTING POLICIES:          described  in  the   "Financial   Statements"
                              section   above,   will  be  prepared   using
                              accounting policies, practices and procedures
                              consistent   with   that   applied   in   the
                              preparation   of  the  audited   consolidated
                              financial statements of the TCN Group for the
                              period ended  December 31, 2003,  except that
                              the  financial  statements  will be  prepared
                              under U.S.  GAAP  rather than U.K.  GAAP.  If
                              changes  (other than the change to U.S. GAAP)
                              are  made  to  the  TCN  Group's   accounting
                              policies,  practices and  procedures  and the
                              TCN  Group  elects  to  stop   preparing  its
                              financial  statements  on the  same  basis as
                              those   financial   statements,    sufficient
                              information must be provided by TCN to enable
                              the Lenders to make an accurate comparison of
                              the financial positions between the financial
                              information prepared on the changed basis and
                              each set of financial  information  delivered
                              to the Lenders afterwards.

                              Pursuant  to the above,  should TCN no longer
                              find it practicable to test  compliance  with
                              the  financial  covenants  based  on the  new
                              accounting treatment, then the Agents and TCN
                              will enter into  negotiations  with a view to
                              agreeing   to  new   covenants,   which  upon
                              approval  by an  Instructing  Group,  will be
                              binding on the Lenders.

COMPLIANCE                    Compliance   Certificates  delivered  by  two
CERTIFICATES:                 authorised  signatories (one of whom shall be
                              the finance director) of TCN:

                              (a)  to be delivered  every quarter  together
                                   with the  annual  or  quarterly  (as the
                                   case  may  be)   financial   information
                                   relating  to the TCN  Group,  certifying
                                   inter   alia,    compliance   with   the
                                   financial covenants; and

                              (b)  following an  Integrated  Merger  Event,
                                   certifying  satisfaction  of the  Merger
                                   Event  Conditions  and  certain  of  the
                                   Merger Event  Integration Tests (each as
                                   defined below).

AFFIRMATIVE                   The following  affirmative covenants apply to
COVENANTS:                    the TCN Group, subject in each case to agreed
                              agreed  exceptions   and   where  appropriate
                              qualified  by  reference  to materiality or a
                              concept of material adverse effect:

                              (i)    application  of advances  for purposes
                                     specified;

                              (ii)   execution of  Financing  Documentation
                                     will    not    constitute    financial
                                     assistance or fraudulent conveyance;

                              (iii)  maintenance        of        necessary
                                     authorisations;

                              (iv)   compliance with applicable laws;

                              (v)    maintenance  of  necessary  and  usual
                                     insurance;

                              (vi)   maintenance of applicable licences;

                              (vii)  protecting       and       maintaining
                                     intellectual property rights;

                              (viii) ensuring all claims rank at least pari
                                     passu   with   claims   of   unsecured
                                     unsubordinated creditors;

                              (ix)   payment of taxes;

                              (x)    ensure  maintenance  and  operation of
                                     pension plans;

                              (xi)   compliance   with  all   environmental
                                     laws;

                              (xii)  provide  access  to  records  upon the
                                     occurrence of an event of default;

                              (xiii) maintenance of the security test;

                              (xiv)  provide  group  structure  chart  upon
                                     material change or inaccuracy;

                              (xv)   contributions  to the TCN  Group to be
                                     by   way  of   subordinated   funding,
                                     capital contribution on subscription;

                              (xvi)  prompt  response to "know your client"
                                     checks;

                              (xvii) requirement that PWC, D&T, KPMG or E&Y
                                     are TCN Group's auditors;

                              (xviii)assistance    with   the   syndication
                                     process;

                              (xix)  notification  of an Integrated  Merger
                                     Event;

                              (xx)   file applicable tax returns;

                              (xxi)  preservation of assets;

                              (xxii) hedging;

                              (xxiii)maintenance of bank accounts;

                              (xxiv) further assurances;

                              (xxv)  meetings with senior management;

                              (xxvi) compliance with ERISA;and

                              (xxvii)notification  of any  material  claims
                                     made  against  Telewest UK pursuant to
                                     the Transfer Agreement.

NEGATIVE COVENANTS:           Substantially as set out in Part 3 of Annex A
                              hereto.

FINANCIAL                     Substantially as set out in Part 2 of Annex A
COVENANTS:                    hereto.

SECOND LIEN                   The    relationship    between   the   Senior
INTERCREDITOR                 Facilities and  the Second Lien Facility will
AGREEMENT:                    be governed by an intercreditor agreement  on
                              customary   market  terms  with  respect  to,
                              amongst other things:

                              (a)  sharing  of  security  and   enforcement
                                   proceeds;

                              (b)  voluntary prepayments;

                              (c)  mandatory  prepayment  from net proceeds
                                   of   asset   disposals   and   insurance
                                   recoveries,  equity  proceeds  and  debt
                                   proceeds;

                              (d)  enforcement standstills;

                              (e)  payment blockages;

                              (f)  turnover;

                              (g)  advance consents or waivers with respect
                                   to Collateral;

                              (h)  agreements  not to  challenge  priority;
                                   and

                              (i)  amendments to their respective  facility
                                   agreements.

PARI PASSU                    Following an  Integrated  Merger  Event,  the
INTERCREDITOR                 Lenders   under   each   of    the Facilities
AGREEMENT:                    Agreements  agree to enter into a  Pari Passu
                              Intercreditor  Agreement  (in  a  form  to be
                              agreed) with the lenders in respect of Target
                              Group Financial Indebtedness and Target Group
                              Refinancing  Indebtedness  which will  govern
                              the  relationship  between the  parties  with
                              respect to:

                              (a)  availability,  drawings  and  repayments
                                   under the  respective  revolving  credit
                                   facilities;

                              (b)  voluntary cancellations of commitments;

                              (c)  voluntary prepayments;

                              (d)  mandatory  prepayments  of net  proceeds
                                   from  asset   disposals   and  insurance
                                   recoveries,  equity  proceeds  and  debt
                                   proceeds;

                              (e)  sharing  of  security  and   enforcement
                                   proceeds; and

                              (f)  amendments  to their  respective  credit
                                   agreements.

EVENTS OF DEFAULT:            Substantially as set out in Part 4 of Annex A
                              hereto.

SEPARATION:                   TCN may, on prior  written  notice,  elect to
                              separate  all or  any  part  of the  Flextech
                              Group from the TCN Group.  Upon a Separation,
                              transactions between separated members of the
                              Flextech  Group and other  members of the TCN
                              Group which  occurred on or after the Closing
                              Date  but  prior to the  relevant  Separation
                              which have been  permissible  only because of
                              such separated member of the Flextech Group's
                              status as a member of the TCN Group  shall be
                              unwound or remedied,  with  exceptions  to be
                              agreed relating to intra-group services.

INDEMNIFICATION:              Each      Guarantor      irrevocably      and
                              unconditionally     agrees,    jointly    and
                              severally,  to  indemnify  and hold  harmless
                              each finance  party against any loss incurred
                              by such party as a result of the  obligations
                              of the Borrower being void or unenforceable.

                              The Borrower  indemnifies each of the finance
                              parties   against  (a)  costs  and  liability
                              associated with default and (b) loss incurred
                              by the  Lenders  as a result  of  funding  or
                              arranging  to fund an advance to the Borrower
                              requested but not made because of one or more
                              provisions of the Senior Facilities Agreement
                              or the Second Lien Facility Agreement (as the
                              case  may  be).

                              In  addition,  the  Borrower  agrees  to  pay
                              applicable break costs within 3 business days
                              of demand as well as  agreeing  to  indemnify
                              the Lenders against  currency risk associated
                              with judgments against Obligors.

ASSIGNMENTS/                  The  Lenders  may  assign or  transfer  their
PARTICIPATIONS:               rights  provided that any such assignment  or
                              transfer  does not result in a  participation
                              of more  than  zero  but less  than  (pound)5
                              million  (or its  equivalent  in $ or (euro))
                              save that an  assignment  or transfer  may be
                              made to or by a trust, fund or other non-bank
                              entity    which     participates    in    the
                              institutional  market  which would  result in
                              such    entity     holding    an    aggregate
                              participation  of at least  (pound)1  million
                              (or $1 million or (euro)1 million),  provided
                              further that:

                              (i)  prior  consultation of TCN is sought for
                                   any transfer prior to the achievement of
                                   a Successful Syndication;

                              (ii) prior  consent of TCN is received  after
                                   the    achievement   of   a   Successful
                                   Syndication (other than in respect of an
                                   assignment  by a lender to its affiliate
                                   which  is  a  qualifying  lender),  such
                                   consent not to be unreasonably  withheld
                                   and to be deemed  to have been  given if
                                   not   declined  in  writing   within  10
                                   Business  Days of a written  request  by
                                   any Lender to TCN; and

                              (iii)if  the  transferee  is  a  non-UK  bank
                                   lender,   it  must   provide   TCN  with
                                   evidence of the same.

                              With respect to matters  requiring  unanimous
                              consent,  where Lenders  representing no less
                              than 85% of the outstanding amount consent to
                              such   matter,   TCN  may  request  that  any
                              dissenting  Lender  assigns or transfers  its
                              rights under the Senior Facilities  Agreement
                              (other than any rights and obligations it may
                              have in its capacity as a Hedge Counterparty)
                              or the Second Lien Facility Agreement (as the
                              case  may  be)  at  par  to  an  assignee  or
                              transferee as specified by TCN, provided that
                              in relation to any request of TCN in relation
                              to a Lender  under the Second Lien  Facility,
                              TCN shall,  upon such assignment or transfer,
                              pay to that  Lender  an  amount  equal to any
                              Applicable  Make Whole  Premium or any Second
                              Lien Prepayment  Premium that would have been
                              payable had an amount equal to that  Lender's
                              portion  of  the  Second  Lien  Facility been
                              voluntarily prepaid by TCN on that date.

                              Any Lender  granting a  sub-participation  in
                              the  Facilities   shall  be  restricted  from
                              relinquishing   its  voting   rights  to  the
                              sub-participant  except in certain  specified
                              circumstances.

WAIVERS AND                   Subject  to the  consent  requirement  of the
AMENDMENTS:                   affected   Lender or Lenders on matters noted
                              below  and  the  Second  Lien   Intercreditor
                              Agreement,  each of the Agents,  with consent
                              of their  respective  Instructing  Groups and
                              the  Obligors,  may  agree to amend or waive,
                              prospectively or retrospectively,  any of the
                              terms of the Facilities other than any:

                              (i)      increase in commitment of a Lender;

                              (ii)     reduction in the  proportion  of any
                                       amount   received  or  recovered  to
                                       which a Lender is entitled;

                              (iii)    decrease in any Applicable Margin;

                              (iv)     change in the currency of account;

                              (v)      unless otherwise specified, deferral
                                       of a  payment  date  for  principal,
                                       interest,  fee or any  other  amount
                                       due;

                              (vi)     deferral of the termination date;

                              (vii)    reduction in percentage constituting
                                       the Instructing Group; or

                              (viii)   change   to  any   provision   which
                                       contemplates   the   need   for  the
                                       consent  or   approval  of  all  the
                                       Lenders.

                              For the  avoidance of doubt,  any  amendments
                              relating to the Senior  Facilities  Agreement
                              or the Second Lien Facility  Agreement  shall
                              only   be  made  in   accordance   with   the
                              provisions of the Senior Facilites  Agreement
                              or the Second  Lien  Facility  Agreement  (as
                              appropriate) and any amendments relating to a
                              Hedging  Agreement  shall  only  be  made  in
                              accordance   with  the   provisions  of  such
                              Hedging     Agreement,     in    each    case
                              notwithstanding  any other  provisions of the
                              Finance Documents.

SECURITY AND                  The  release of all or  substantially  all of
GUARANTORS:                   the security under the security  documents or
                              of all or substantially all of the Guarantors
                              from  their   respective   obligations   will
                              require   the   consent  of   Lenders   whose
                              available  commitment and outstanding  amount
                              aggregate  to more  than 90 per cent of total
                              commitment plus outstanding amounts.

TAXES:                        All  payments  by the  Obligors  will be made
                              free  and   clear  of  all   taxes  or  other
                              deductions or withholdings save to the extent
                              required by law. Standard gross-up provisions
                              are applied  (provided  that there will be no
                              gross-up in respect of treaty  Lenders  which
                              have  not   complied   with  all   procedural
                              formalities  to allow them to be paid without
                              withholding).

CONVENTION:                   For  Sterling-denominated  amounts,  interest
                              and commitment fees will be calculated on the
                              basis of a  365-day  year  (360  days for all
                              other  currencies).

GOVERNING  LAW  AND           The  Senior  Facilities   Agreement  and  the
JURISDICTION:                 Second Lien Facility  Agreement  will each be
                              governed  by  English  Law,  and  each of the
                              Obligors  will  submit  to the  non-exclusive
                              jurisdiction of the Courts of England.

AGENTS' COUNSEL:              White & CasePREFERRED STOCK
PURCHASE AGREEMENT 

BETWEEN 

WIDEPOINT CORPORATION 

AND 

BARRON PARTNERS LP 

DATED 

OCTOBER 20, 2004 

PREFERRED STOCK
PURCHASE AGREEMENT 

        This
PREFERRED STOCK PURCHASE AGREEMENT (the “Agreement”) is
made and entered into as of the 20th day of October, 2004 by and among WIDEPOINT
CORPORATION, a corporation organized and existing under the laws of the State of
Delaware (“WIDEPOINT” or the
“Company”), and Barron Partners L.P., a Delaware limited
partnership (hereinafter referred to collectively as
“Investor”). 

PRELIMINARY STATEMENT:  

        WHEREAS,
the Investor wishes to purchase from the Company, upon the terms and subject to the
conditions of this Agreement, Two Million Dollars ($2,000,000.00) worth of preferred stock
of the Company, with such preferred stock being as described in the Certificate of
Designations, Rights and Preferences attached hereto as Exhibit A (the
“Preferred Stock”). The Preferred Stock shall be convertible into
shares of common stock of the Company at any time after the payment by the Investor to the
Company of a conversion price of seventeen and one half cents ($0.175) per share (the
“Conversion Price”). In addition, the Company will issue to the
Investor Common Stock Purchase Warrants (the “Warrants”) to
purchase up to an additional 5,714,286 shares of common stock of the Company at an
exercise price of forty cents ($0.40) per common share; and 

        WHEREAS,
the parties intend to memorialize the purchase and sale of such Preferred Stock and the
Warrants. 

        NOW,
THEREFORE, in consideration of the mutual covenants and premises contained herein, and
for other good and valuable consideration, the receipt and adequacy of which are hereby
conclusively acknowledged, the parties hereto, intending to be legally bound, agree as
follows: 

ARTICLE I 

INCORPORATION BY
REFERENCE, SUPERSEDER AND DEFINITIONS  

1.1     Incorporation
by Reference. The foregoing recitals and the Exhibits attached hereto and referred to
herein, are hereby acknowledged to be true and accurate, and are incorporated herein by
this reference.  

1.2     Superseder.
This Agreement, to the extent that it is inconsistent with any other instrument or
understanding among the parties governing the affairs of the Company, shall supersede
such instrument or understanding to the fullest extent permitted by law. A copy of this
Agreement shall be filed at the Company’s principal office.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 1 

1.3     Certain
Definitions. For purposes of this Agreement, the following capitalized terms shall
have the following meanings (all capitalized terms used in this Agreement that are not
defined in this Article 1 shall have the meanings set forth elsewhere in this Agreement):  

           1.3.1    “1933
Act” means the Securities Act of 1933, as amended.  

           1.3.2    “1934
Act” means the Securities Exchange Act of 1934, as amended.  

           1.3.3
    “Affiliate” means a Person or Persons
directly or indirectly, through one or more intermediaries, controlling, controlled by or
under common control with the Person(s) in question. The term “control,” as
used in the immediately preceding sentence, means, with respect to a Person that is a
corporation, the right to the exercise, directly or indirectly, of more than 50 percent
of the voting rights attributable to the shares of such controlled corporation and, with
respect to a Person that is not a corporation, the possession, directly or indirectly, of
the power to direct or cause the direction of the management or policies of such
controlled Person.  

           1.3.4
    “Articles”. The Certificate of
Incorporation of the Company, as the same may be amended from time to time.  

           1.3.5
    “Closing Date” means the payment of Two
Million Dollars ($2,000,000.00) by the Investor to the Company pursuant to this Agreement
to purchase the Preferred Stock, which shall occur on or before October 21, 2004.  

           1.3.6
    “Common Stock” means shares of common
stock of the Company, par value $0.001 per share  

           1.3.7
    “Effective  Date”  shall  mean  the  date
 the  Registration  Statement  of the  Company covering the Shares being subscribed for
hereby is declared effective.  

           1.3.8
    “Escrow  Agreement”  shall  mean  the
 escrow  agreement  between  the  Company  and the Investor attached hereto as Exhibit D.  

           1.3.9
    “ Material Adverse  Effect” shall mean any
adverse  effect on the business,  operations, properties or financial condition of the
Company that is material and adverse to the Company and its subsidiaries and affiliates,
taken as a whole and/or any condition, circumstance, or situation that would prohibit or
otherwise materially interfere with the ability of the Company to perform any of its
material obligations under this Agreement or the Registration Rights Agreement or to
perform its obligations under any other material agreement.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 2  

           1.3.10
    “Delaware Act” means the Delaware General Corporation
Law, as amended.  

           1.3.11
    “Person” means an individual,
partnership, firm, limited liability company, trust, joint venture, association,
corporation, or any other legal entity.  

           1.3.12
    “Purchase Price” means the $2,000,000.00
paid by the Investor to the Company for the Preferred Stock and the Warrants.  

           1.3.13
    “Registration Rights Agreement” shall
mean the registration rights agreement between the Investor and the Company attached
hereto as Exhibit B.  

           1.3.14
    “Registration Statement” shall mean the
registration statement under the 1933 Act to be filed with the Securities and Exchange
Commission for the registration of the Shares pursuant to the Registration Rights
Agreement attached hereto as Exhibit B.  

           1.3.15
    “SEC”  means the Securities and Exchange
Commission.  

           1.3.16
    “SEC Documents” shall mean the Company’s
latest Form 10-K or 10-KSB as of the time in question, all Forms 10-Q or 10-QSB and 8-K
filed thereafter, and the Proxy Statement for its latest fiscal year as of the time in
question until such time as the Company no longer has an obligation to maintain the
effectiveness of a Registration Statement as set forth in the Registration Rights
Agreement.  

           1.3.17
    “Shares” shall mean, collectively, the
shares of Common Stock of the Company issued upon conversion of the Preferred Stock
subscribed for hereunder and those shares of Common Stock issuable to the Investor upon
exercise of the Warrants.  

           1.3.18
    “Warrants” shall mean the Common Stock
Purchase Warrants in the form attached hereto Exhibit C. 

ARTICLE II 

SALE AND PURCHASE OF
WIDEPOINT PREFERRED 
STOCK AND WARRANTS PURCHASE PRICE 

2.1     Sale of
Preferred Stock and Issuance of Warrants.  

           (a)                 Upon
the terms and subject to the conditions set forth herein, and in accordance
          with applicable law, the Company agrees to sell to the Investor, and the
          Investor agrees to purchase from the Company, on the Closing Date 1,142,857
          shares of Preferred Stock and the Warrants for the purchase price (the
          “Purchase Price”) of Two Million Dollars ($2,000,000.00). The
Purchase           Price shall be paid by the Investor to the Company on the Closing Date
by a wire           transfer of the Purchase Price into escrow to be held by the escrow
agent           pursuant to the terms of the Escrow Agreement. The Company shall cause
the           Preferred Stock and the Warrants to be issued to the Investor upon the
release           of the Purchase Price to the Company by the escrow agent pursuant to
the terms           of the Escrow Agreement. The Company shall register the shares of
Common Stock           into which the Preferred Stock is convertible pursuant to the
terms and           conditions of a Registration Rights Agreement attached hereto as Exhibit
          B.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 3  

           (b)                 The
Preferred Stock shall be convertible by the Investor into an aggregate total           of
11,428,570 shares of Common Stock (the “Conversion Shares”);
          provided, however, that the Investor shall not be entitled to convert the
          Preferred Stock into shares of Common Stock that would result in beneficial
          ownership by the Investor and its affiliates of more than 4.99% of the then
          outstanding number of shares of Common Stock on such date; provided, however,
          that the Investor may revoke the restriction described in this paragraph upon
          sixty-one (61) days prior written notice from the Investor to the Company, but
          in such event the Investor hereby agrees that no person or entity (including
but           not limited to the Investor and its affiliates) shall have any right to
vote           twenty-five percent (25%) of the shares of Common Stock, including but not
          limited to all Conversion Shares, then held by or at the direction of or for
the           benefit of the Investor and/or its affiliates. For the purposes of the
          immediately preceding sentence, beneficial ownership shall be determined in
          accordance with Section 13(d) of the Securities Exchange Act of 1934, as
          amended, and Regulation 13d-3 thereunder.  

           (c)                 Upon
execution and delivery of this Agreement and the Company’s receipt of           the
Purchase Price from the escrow agent pursuant to the terms of the Escrow
          Agreement, the Company shall issue to the Investor the Warrant to purchase an
          aggregate of 5,714,286 shares of Common Stock at an exercise price of $0.40 per
          share, all pursuant to the terms and conditions of the form of Warrant attached
          hereto as Exhibit C; provided, however, that the Investor shall not be
          entitled to exercise the Warrant and receive shares of Common Stock that would
          result in beneficial ownership by the Investor and its affiliates of more than
          4.99% of the then outstanding number of shares of Common Stock on such date;
          provided, however, that the Investor may revoke the restriction described in
          this paragraph upon sixty-one (61) days prior written notice from the Investor
          to the Company, but in such event the Investor hereby agrees that no person or
          entity (including but not limited to the Investor and its affiliates) shall
have           any right to vote twenty-five percent (25%) of the shares of Common Stock,
          including but not limited to all shares of Common Stock issued upon exercise of
          the Warrant, then held by or at the direction of or for the benefit of the
          Investor and/or its affiliates. For the purposes of the immediately preceding
          sentence, beneficial ownership shall be determined in accordance with Section
          13(d) of the Securities Exchange Act of 1934, as amended, and Regulation 13d-3
          thereunder.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 4  

2.2     Purchase
Price. The Purchase Price shall be delivered by the Investor in the form of a
check or wire transfer made payable to the Company in United States Dollars from the
Investor to the escrow agent pursuant to the Escrow Agreement on the Closing Date.  

ARTICLE III 

CLOSING DATE AND
DELIVERIES AT CLOSING 

3.1     Closing
Date The closing of the transactions contemplated by this Agreement (the “Closing”),
unless expressly determined herein, shall be held at the offices of the Company, at 5:00
P.M. local time, on the Closing Date or on such other date and at such other place as may
be mutually agreed by the parties, including closing by facsimile with originals to
follow.  

3.2     Deliveries
by the Company. In addition to and without limiting any other provision of this
Agreement, the Company agrees to deliver, or cause to be delivered, to the escrow agent
under the Escrow Agreement, the following:  

           (a)    
               At or prior to Closing, an executed Agreement;  

           (b)    
               At or prior to Closing, an executed Warrant in the name of the Investor in
the                form attached hereto as Exhibit C;  

           (c)    
               At or prior to Closing, an executed Registration Rights Agreement between
the                Investor and the Company in the form attached hereto as Exhibit B;  

           (d)    
               At or prior to Closing, confirmation that the provisions of Paragraphs 6.6
and                6.7 herein have been satisfied or commenced, as appropriate;  

           (e)    
               At or prior to the Closing, an executed Escrow Agreement; and  

           (f)    
               Such other documents or certificates as shall be reasonably requested by
the                each Investor or its counsel.  

3.3     Deliveries
by Investor. In addition to and without limiting any other provision of this
Agreement, the Investor agrees to deliver, or cause to be delivered, to the escrow agent
under the Escrow Agreement, the following:  

           (a)              At
or prior to Closing, the aggregate amount of Two Million Dollars
          ($2,000,000.00);  

           (b)    
At or prior to Closing, an executed Agreement;  

        (c)    At
or           prior to Closing, an executed Registration Rights Agreement between the
Investor           and the Company in the form attached hereto as Exhibit B; and  

        (d)    Such
other documents or certificates as shall be reasonably requested by the Company or
its counsel.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 5  

In the event any document provided to
the other party in Paragraphs 3.2 and 3.3 herein are provided by facsimile, the party
shall forward an original document to the other party within seven (7) business days. 

3.4    Further
Assurances. The Company and the Investor shall, upon request, on or after the
Closing Date, cooperate with each other (specifically, the Company shall cooperate with
the Investor, and the Investor shall cooperate with the Company) by furnishing any
additional information, executing and delivering any additional documents and/or other
instruments and doing any and all such things as may be reasonably required by the
parties or their counsel to consummate or otherwise implement the transactions
contemplated by this Agreement.  

3.5    Waiver. The
Investor may waive any of the requirements of Section 3.2 of this Agreement, and the
Company at its discretion may waive any of the provisions of Section 3.3 of this
Agreement. The Investor may also waive any of the requirements of the Company under the
Escrow Agreement.  

ARTICLE IV 

REPRESENTATIONS AND
WARRANTIES OF WIDEPOINT 

           WIDEPOINT
represents and warrants to the Investor (which warranties and representations shall
survive the Closing regardless of what examinations, inspections, audits and other
investigations the Investor has heretofore made or may hereinafter make with respect to
such warranties and representations) as follows: 

4.1     Organization
and Qualification. WIDEPOINT is a corporation duly organized, validly existing
and in good standing under the laws of the State of Delaware, and has the requisite
corporate power and authority to own, lease and operate its properties and to carry on
its business as it is now being conducted and is duly qualified to do business in any
other jurisdiction by virtue of the nature of the businesses conducted by it or the
ownership or leasing of its properties, except where the failure to be so qualified will
not, when taken together with all other such failures, have a Material Adverse Effect on
the business, operations, properties, assets, financial condition or results of operation
of WIDEPOINT and its subsidiaries taken as a whole.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 6 

4.2     Articles
of Incorporation and By-Laws. The complete and correct copies of WIDEPOINT’s
Articles of Incorporation and By-Laws, as amended or restated to date which have been
filed with the Securities and Exchange Commission are a complete and correct copy of such
document as in effect on the date hereof and as of the Closing Date.  

4.3     Capitalization.  

           4.3.1    
The  authorized and  outstanding  capital stock of WIDEPOINT is set forth in WIDEPOINT’s
Annual Report on Form 10-K, filed on March 31, 2004 with the Securities and Exchange
Commission and updated on all subsequent SEC Documents. All shares of capital stock have
been duly authorized and are validly issued, and are fully paid and no assessable, and
free of preemptive rights.  

           4.3.2    
 Except  pursuant  to this  Agreement  and as set forth in  Schedule  4.3 hereto, and as
set forth in WIDEPOINT’s SEC Documents, filed with the SEC, as of the date hereof
and as of the Closing Date, there are not now outstanding options, warrants, rights to
subscribe for, calls or commitments of any character whatsoever relating to, or
securities or rights convertible into or exchangeable for, shares of any class of capital
stock of WIDEPOINT, or agreements, understandings or arrangements to which WIDEPOINT is a
party, or by which WIDEPOINT is or may be bound, to issue additional shares of its
capital stock or options, warrants, scrip or rights to subscribe for, calls or commitment
of any character whatsoever relating to, or securities or rights convertible into or
exchangeable for, any shares of any class of its capital stock. The Company agrees to
inform the Investors in writing of any additional warrants granted prior to the Closing
Date.  

           4.3.3    
The Company on the Closing Date (i) will have full right, power, and authority to sell,
assign, transfer, and deliver, by reason of record and beneficial ownership, to the
Investor, WIDEPOINT Shares hereunder, free and clear of all liens, charges, claims,
options, pledges, restrictions, and encumbrances whatsoever; and (ii) upon conversion of
the Preferred Stock or exercise of the Warrants, the Investor will acquire good and
marketable title to such Shares, free and clear of all liens, charges, claims, options,
pledges, restrictions, and encumbrances whatsoever, except as otherwise provided in this
Agreement as to the limitation on the voting rights of such Shares in certain
circumstances.  

4.4     Authority.
WIDEPOINT has all requisite corporate power and authority to execute and deliver this
Agreement, the Preferred Stock, the Waarrants, to perform its obligations hereunder and
thereunder and to consummate the transactions contemplated hereby and thereby. The
execution and delivery of this Agreement by WIDEPOINT and the consummation of the
transactions contemplated hereby have been duly authorized by all necessary corporate
action and no other corporate proceedings on the part of WIDEPOINT is necessary to
authorize this Agreement or to consummate the transactions contemplated hereby except as
disclosed in this Agreement. This Agreement has been duly executed and delivered by
WIDEPOINT and constitutes the legal, valid and binding obligation of WIDEPOINT,
enforceable against WIDEPOINT in accordance with its terms.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 7 

4.5     No
Conflict; Required Filings and Consents. The execution and delivery of this
Agreement by WIDEPOINT does not, and the performance by WIDEPOINT of their respective
obligations hereunder will not: (i) conflict with or violate the Articles or By-Laws of
WIDEPOINT; (ii) conflict with, breach or violate any federal, state, foreign or local
law, statute, ordinance, rule, regulation, order, judgment or decree (collectively, “Laws”)
in effect as of the date of this Agreement and applicable to WIDEPOINT; or (iii) result
in any breach of, constitute a default (or an event that with notice or lapse of time or
both would become a default) under, give to any other entity any right of termination,
amendment, acceleration or cancellation of, require payment under, or result in the
creation of a lien or encumbrance on any of the properties or assets of WIDEPOINT
pursuant to, any note, bond, mortgage, indenture, contract, agreement, lease, license,
permit, franchise or other instrument or obligation to which WIDEPOINT is a party or by
WIDEPOINT or any of its properties or assets is bound. Excluding from the foregoing are
such violations, conflicts, breaches, defaults, terminations, accelerations, creations of
liens, or incumbency that would not, in the aggregate, have a Material Adverse Effect.  

4.6     Report
and Financial Statements. WIDEPOINT’s Annual Report on Form 10-K, filed on
March 31, 2004 with the Securities and Exchange Commission contains the audited financial
statements of WIDEPOINT as of December 31, 2003 (the “Financial Statements”).
Each of the balance sheets contained in or incorporated by reference into any such
Financial Statements (including the related notes and schedules thereto) fairly presented
the financial position of WIDEPOINT as of its date, and each of the statements of income
and changes in stockholders’ equity and cash flows or equivalent statements in such
Financial Statements (including any related notes and schedules thereto) fairly presents,
changes in stockholders’ equity and changes in cash flows, as the case may be, of
WIDEPOINT for the periods to which they relate, in each case in accordance with United
States generally accepted accounting principles (“U.S. GAAP”)
consistently applied during the periods involved, except in each case as may be noted
therein, subject to normal year-end audit adjustments in the case of unaudited
statements. The books and records of WIDEPOINT have been, and are being, maintained in
all material respects in accordance with U.S. GAAP and any other applicable legal and
accounting requirements and reflect only actual transaction.  

4.7     Compliance with Applicable
Laws. WIDEPOINT is not in violation of, or, to the knowledge of WIDEPOINT
is under investigation with respect to or has been given notice or has been charged with
the violation of any Law of a governmental agency, except for violations which
individually or in the aggregate do not have a Material Adverse Effect. 

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 8 

4.8     Brokers.Except
as set forth on Schedule 4.8, no broker, finder or investment banker is entitled to any
brokerage, finder’s or other fee or Commission in connection with the transactions
contemplated by this Agreement based upon arrangements made by or on behalf of WIDEPOINT  

4.9     SEC
Documents. WIDEPOINT acknowledges that WIDEPOINT is a publicly held company and
has made available to the Investor after demand true and complete copies of any requested
SEC Documents. The Company has registered its Common Stock pursuant to Section 12 of the
1934 Act, and the Common Stock is quoted and traded on the OTC Bulletin Boardof the
National Association of Securities Dealers, Inc. The Company has received no notice,
either oral or written, with respect to the continued quotation or trading of the Common
Stock on the OTC Bulletin Board. The Company has not provided to the Investor any
information that, according to applicable law, rule or regulation, should have been
disclosed publicly prior to the date hereof by the Company, but which has not been so
disclosed. As of their respective dates, the SEC Documents complied in all material
respects with the requirements of the 1934 Act, and rules and regulations of the SEC
promulgated thereunder and the SEC Documents did not contain any untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary
in order to make the statements therein, in light of the circumstances under which they
were made, not misleading..  

4.10     Litigation.
To the knowledge of WIDEPOINT, no litigation, claim, or other proceeding before any court
or governmental agency is pending or threatened against WIDEPOINT that materially effects
this Agreement.  

4.11     Exemption
from Registration. Subject to the accuracy of the Investor’s representations
in Article V, except as required pursuant to the Registration Rights Agreement, the sale
of the Common Stock and Warrants by the Company to the Investor will not require
registration under the 1933 Act, but may require registration under New York state
securities law if applicable to the Investor. When validly converted in accordance with
the terms of the Preferred Stock, and upon exercise of the Warrants in accordance with
their terms, the Shares underlying the Preferred Stock and the Warrants will be duly and
validly issued, fully paid, and non-assessable. The Company is issuing the Preferred
Stock and the Warrants in accordance with and in reliance upon the exemption from
securities registration afforded, inter alia, by Rule 506 under Regulation D as
promulgated by the SEC under the 1933 Act, and/or Section 4(2) of the 1933 Act; provided,
however, that certain filings and registrations may be required under state securities
“blue sky” laws depending upon the residency of the Investor.  

4.12     No
General Solicitation or Advertising in Regard to this Transaction. Neither the
Company nor any of its Affiliates nor, to the knowledge of the Company, any Person acting
on its or their behalf (i) has conducted or will conduct any general solicitation (as
that term is used in Rule 502(c) of Regulation D as promulgated by the SEC under the 1933
Act) or general advertising with respect to the sale of the Units, or (ii) made any
offers or sales of any security or solicited any offers to buy any security under any
circumstances that would require registration of the Units, under the 1933 Act, except as
required herein.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 9 

4.13     No
Material Adverse Change. Since June 30, 2004, no Material Adverse Effect has
occurred or exists with respect to the Company that has not been disclosed in the SEC
Documents. No material supplier has given notice, oral or written, that it intends to
cease or reduce the volume of its business with the Company from historical levels. Since
June 30, 2004, no event or circumstance has occurred or exists with respect to the
Company or its businesses, properties, prospects, operations or financial condition,
that, under any applicable law, rule or regulation, requires public disclosure or
announcement prior to the date hereof by the Company but which has not been so publicly
announced or disclosed in writing to the Investor.  

4.14     Excluded. 

4.15     Internal
Controls And Procedures. The Company maintains books and records and internal
accounting controls which provide reasonable assurance that (i) all transactions to which
the Company or any subsidiary is a party or by which its properties are bound are
executed with management’s authorization; (ii) the recorded accounting of the Company’s
consolidated assets is compared with existing assets at regular intervals; (iii) access
to the Company’s consolidated assets is permitted only in accordance with management’s
authorization; and (iv) all transactions to which the Company or any subsidiary is a
party or by which its properties are bound are recorded as necessary to permit
preparation of the financial statements of the Company in accordance with U.S. generally
accepted accounting principles.  

4.16     Full
Disclosure. No representation or warranty made by WIDEPOINT in this Agreement and
no certificate or document furnished or to be furnished to the Investor pursuant to this
Agreement contains or will contain any untrue statement of a material fact, or omits or
will omit to state a material fact necessary to make the statements contained herein or
therein not misleading.  

ARTICLE V 

REPRESENTATIONS AND
WARRANTIES OF THE INVESTORS 

           The
Investor represents and warrants to the Company that:  

5.1     Organization
and Standing of the Investor. The Investor is a limited partnership duly formed,
validly existing and in good standing under the laws of the State of Delaware. The state
in which any offer to purchase shares hereunder was made or accepted by such Investor is
the state shown as such Investor’s address. The Investor was not formed for the
purpose of investing solely in the Preferred Stock, the Warrants or the shares of Common
Stock which are the subject of this Agreement.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 10 

5.2     Authorization
and Power. The Investor has the requisite power and authority to enter into and
perform this Agreement and to purchase the securities being sold to it hereunder. The
execution, delivery and performance of this Agreement by the Investor and the
consummation by the Investor of the transactions contemplated hereby have been duly
authorized by all necessary partnership action where appropriate. This Agreement and the
Registration Rights Agreement have been duly executed and delivered by the Investor and
at the Closing shall constitute valid and binding obligations of the Investor enforceable
against the Investor in accordance with their terms, except as such enforceability may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium, liquidation,
conservatorship, receivership or similar laws relating to, or affecting generally the
enforcement of, creditors’ rights and remedies or by other equitable principles of
general application.  

5.3     No
Conflicts. The execution, delivery and performance of this Agreement and the
consummation by the Investor of the transactions contemplated hereby or relating hereto
do not and will not (i) result in a violation of such Investor’s charter documents
or bylaws where appropriate or (ii) conflict with, or constitute a default (or an event
which with notice or lapse of time or both would become a default) under, or give to
others any rights of termination, amendment, acceleration or cancellation of any
agreement, indenture or instrument to which the Investor is a party, or result in a
violation of any law, rule, or regulation, or any order, judgment or decree of any court
or governmental agency applicable to the Investor or its properties (except for such
conflicts, defaults and violations as would not, individually or in the aggregate, have a
Material Adverse Effect on such Investor). The Investor is not required to obtain any
consent, authorization or order of, or make any filing or registration with, any court or
governmental agency in order for it to execute, deliver or perform any of such Investor’s
obligations under this Agreement or to purchase the securities from the Company in
accordance with the terms hereof, provided that for purposes of the representation made
in this sentence, the Investor is assuming and relying upon the accuracy of the relevant
representations and agreements of the Company herein.  

5.4     Financial
Risks. The Investor acknowledges that such Investor is able to bear the financial
risks associated with an investment in the securities being purchased by the Investor
from the Company and that it has been given full access to such records of the Company
and the subsidiaries and to the officers of the Company and the subsidiaries as it has
deemed necessary or appropriate to conduct its due diligence investigation. The Investor
is capable of evaluating the risks and merits of an investment in the securities being
purchased by the Investor from the Company by virtue of its experience as an investor and
its knowledge, experience, and sophistication in financial and business matters and the
Investor is capable of bearing the entire loss of its investment in the securities being
purchased by the Investor from the Company.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 11 

5.5     Accredited
Investor. The Investor is (i) an “accredited investor” as that term is
defined in Rule 501 of Regulation D promulgated under the 1933 Act by reason of Rule
501(a)(3) and (6), (ii) experienced in making investments of the kind described in this
Agreement and the related documents, (iii) able, by reason of the business and financial
experience of its officers (if an entity) and professional advisors (who are not
affiliated with or compensated in any way by the Company or any of its affiliates or
selling agents), to protect its own interests in connection with the transactions
described in this Agreement, and the related documents, and (iv) able to afford the
entire loss of its investment in the securities being purchased by the Investor from the
Company.  

5.6     Brokers.
Except as set forth in Schedule 4.8, no broker, finder or investment banker is entitled
to any brokerage, finder’s or other fee or Commission in connection with the
transactions contemplated by this Agreement based upon arrangements made by or on behalf
of the Investor.  

5.7     Knowledge
of Company. The Investor and such Investor’s advisors, if any, have been,
upon request, furnished with all materials relating to the business, finances and
operations of the Company and materials relating to the offer and sale of the securities
being purchased by the Investor from the Company . The Investor and such Investor’s
advisors, if any, have been afforded the opportunity to ask questions of the Company and
have received complete and satisfactory answers to any such inquiries.  

5.8     Risk
FactorsThe Investor understands that such Investor’s investment in the
securities being purchased by the Investor from the Company involves a high degree of
risk. The Investor understands that no United States federal or state agency or any other
government or governmental agency has passed on or made any recommendation or endorsement
of the securities being purchased by the Investor from the Company. The Investor warrants
that such Investor is able to bear the complete loss of such Investor’s investment
in the securities being purchased by the Investor from the Company.  

5.9    Full
Disclosure. No representation or warranty made by the Investor in this Agreement
and no certificate or document furnished or to be furnished to WIDEPOINT pursuant to this
Agreement contains or will contain any untrue statement of a material fact, or omits or
will omit to state a material fact necessary to make the statements contained herein or
therein not misleading. Except as set forth or referred to in this Agreement, Investor
does not have any agreement or understanding with any person relating to acquiring,
holding, voting or disposing of any equity securities of the Company.  

5.10    Reimbursement
of Due Diligence Expenses. Upon closing, the Company shall reimburse Investor for
reasonable expenses incurred in conducting due diligence not to exceed $20,000. Such
reimbursement shall be paid to the Investor upon the Investor providing proof of payment
of such expenses in a proportional manner. If the transaction is not closed, there shall
be no reimbursement of any due diligence expenses.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 12 

5.11    Reimbursement
of Legal Expenses. Upon closing, the Company shall reimburse Investors for
reasonable expenses incurred in regards to legal expenses related to the transaction
which such legal expenses shall not to exceed $2,500. Such reimbursement shall be paid to
the Investors upon the Investor providing proof of payment of such expenses in a
proportional manner. If the transaction is not closed, there shall be no reimbursement of
any due diligence expenses.  

ARTICLE VI 

COVENANTS OF THE
COMPANY 

6.1.            Registration
Rights. The Company shall cause the           Registration Rights Agreement to
remain in full force and effect according to           the provisions of the Registration
Rights Agreement and the Company shall comply           in all material respects with the
terms thereof.  

6.2.            Reservation
Of Common Stock. As of the date hereof, the           Company has reserved and
the Company shall continue to reserve and keep           available at all times, free of
preemptive rights, shares of Common Stock for           the purpose of enabling the
Company to issue the shares of Common Stock           underlying the Preferred Stock and
Warrants.  

6.3.                      Compliance
with Laws. The Company hereby agrees to comply in all           respects with the
Company’s reporting, filing and other obligations under           the Laws.  

6.4.        Exchange
Act Registration. The Company will cause its           Common Stock to continue
to be registered under Section 12(b) or (g) of the 1934           Act, will use its best
efforts to comply in all respects with its reporting and           filing obligations
under the 1934 Act, and will not take any action or file any           document (whether
or not permitted by the 1934 Act or the rules thereunder) to           terminate or
suspend such registration or to terminate or suspend its reporting           and filing
obligations under the 1934 until the Investors have disposed of all           of their
Shares.  

6.5.        Corporate
Existence; Conflicting Agreements. The Company           will take all steps
necessary to preserve and continue the corporate existence           of the Company. The
Company shall not enter into any agreement, the terms of           which agreement would
restrict or impair the right or ability of the Company to           perform any of its
obligations under this Agreement or any of the other           agreements attached as
exhibits hereto.  

6.6    Preferred
Stock.From and afterthe Closing Date and continuing for a period of two (2) years
thereafter, the Company will not issue any shares of Preferred Stock of the Company which
are convertible into shares of Common Stock of the Company other than on a conversion
ratio which is fixed, except in the case of normal adjustments which may include
anti-dilution provisions, among other things, but which shall not include in any case the
conversion ratio of such shares of Preferred Stock based on the market price of the
Common Stock after the date of closing of the issuance of such shares of Preferred Stock.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 13 

6.7    Convertible
Debt.From and after the Closing Date and continuing for a period of two (2) years
thereafter, the Company will not issue any convertible debt in the Company which is
convertible into shares of Common Stock of the Company other than on a conversion ratio
which is fixed, except in the case of normal adjustments which may include anti-dilution
provisions, among other things, but which shall not include in any case the conversion
ratio of such convertible debt based on the market price of the Common Stock after the
date of closing of the issuance of such convertible debt.  

6.8    Reset
Equity Deals. From and afterthe Closing Date and continuing for a period of two
(2) years thereafter, the Company will not issue any shares of Common Stock of the
Company other than for a fixed price at the time of issuance of such shares of Common
Stock, except in the case of normal adjustments which may include anti-dilution
provisions, among other things, but which shall not include in any case any adjustments
to the issued shares of Common Stock which require the issuance of additional shares of
Common Stock during that time based on the market price of the Common Stock.  

6.9     Independent
Directors. If not already present on the Company’s Board of Directors at the
Closing, the Company will cause the appointment of at least two independent directors
within one hundred (100) days of the date of this Agreement. Nothing shall preclude the
Investor from pursuing or obtaining specific performance or other equitable relief with
respect to this Agreement.  

6.10     Independent
Directors Become Majority of Audit and Compensation Committees. If not already
appointed, the Company will cause the appointment of a majority of outside directors to
the audit and compensation committees of the board of directors within one hundred and
twenty (120) days of the date of this Agreement. Nothing shall preclude the Investor from
pursuing or obtaining specific performance or other equitable relief with respect to this
Agreement.  

6.11     Use
of Proceeds. The Company will use the proceeds from the sale of the Preferred
Stock and the Warrants (excluding amounts paid by the Company for legal and
administrative fees in connection with the sale of such securities) for working capital
and acquisitions.  

6.12    Right
of Participation. The Investor shall have the right to participate in any future
financing by the Company on a pro rata basis as to the amounts invested herein. The
Company shall provide written notice of any such future filing the Investor upon receipt
of a firm term sheet from a legitimate placement agent or funding source. The Investor
shall have ten calendar days to indicate in writing whether it intends to exercise its
right of participation. The rights set forth in this Section 6.9 shall not apply to
legitimate underwritten public offerings of the Company’s securities nor shall the
rights in this Section 6.9 apply to senior financing which the Company is currently
negotiating.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 14 

6.13    Price
Adjustment. If, within the 24 months following the Closing Date, the Company
closes on the sale of a note or notes, shares of Common Stock, or shares of any class of
Preferred Stock at a price per share of Common Stock, or with a conversion right to
acquire Common Stock at a price per share of Common Stock, that is less than the
Conversion Price (as adjusted to the capitalization per share as of the Closing Date,
following any stock splits, stock dividends, or the like) (collectively, the “Subsequent
Conversion Price”), the Company shall make a post-Closing adjustment in the
Conversion Price so that the effective price per share paid by the Investor is reduced to
being equivalent to such lower conversion price after taking into account any prior
conversions of the Preferred Stock and/or exercises of the Warrant.  

6.14     Executive
Management. The earliest any member of “Executive Management” of the
Company can sell common shares in the public marketplace shall be eighteen (18) months
from Closing unless the sale is the result of private transactions occurring after the
first twelve (12) months from the Closing and relating to no more than an aggregate of
twenty-five percent (25%) of the shares of Common Stock underlying stock options issued
by the Company to members of the Executive Management which are vested as of the date of
this Agreement or as a result of a purchase of all of the outstanding stock of the
Company as a result of a merger and/or acquisition of the Company; provided, however,
that in the event any such member of Executive Management ceases to be employed by the
Company or its affiliates, then the restrictions contained in this Section 6.13 shall no
longer apply to such person. The “Executive Management” of the Company shall be
defined to consist of the following persons: Steve Komar, James McCubbin, Mark Fuller,
Jay Wright and Mark Crowley. The Investor and Andrew Barron Worden shall not be
considered members of Executive Management of the Company.  

6.14 Employment and Consulting
Contracts.Employment and consulting contracts with officers and directors shall
at time of Closing and for two years thereafter shall not contain: any bonuses not
related directly to increases in earnings; any car allowances not approved by the
unanimous vote of the board of directors; any anti-dilution or reverse split protection
provisions for shares, options or warrants; any deferred compensation; any unreasonable
compensation or benefit clauses; or any termination clauses of over one year of salary.
This clause may be waived conditionally in specific conditions by the Investor.  

6.15 Notice of Intent to Sell
or Merge Company.The Company will give Investor at least 70 days notice before
the closing of a transaction to merge or sell a controlling interest in the Company or
the closing of an underwritten public offering of the Common Stock of the Company. The
Investor shall have the right to waive the such notice requirement.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 15 

6.16     Sale
or Merger of Company. In the event of a sale or merger of substantially all of
the Company or an underwritten public offering of the Common Stock of the Company, then
the 4.99% restriction in the Preferred Stock and in the Warrants will immediately be
terminated and the Investors will have the right to convert the Preferred Stock and
exercise the Warrants concurrent with the sale, subject to the conversion by the Investor
of the Preferred Stock and the payment by the Investor to the Company of the aggregate
exercise price of the Warrant; provided, however that, so long as the Investor owns,
directly or beneficially, in excess of 4.99% of the then outstanding number of shares of
Common Stock, the restrictions on the voting rights of the Investor shall remain and
continue in effect with respect to twenty-five percent (25%) of the shares of Common
Stock which the Investor and/or its affiliates then own.  

ARTICLE VII 

COVENANTS OF THE
INVESTOR 

7.1     Compliance
with Law. The Investor’s trading activities with respect to shares of the
Company’s Common Stock will be in compliance with all applicable state and federal
securities laws, rules and regulations and rules and regulations of any public market on
which the Company’s Common Stock is listed. The Investor agrees that the Investor
will not engage in any short-sales, hedging, or other similar activities with regard to
the Company’s securities so long as the Investor’s owns or has a right to
acquire any Shares of the Company’s Common Stock upon conversion of the Preferred
Stock or exercise of the Warrants. The Investor further agrees not to hypothecate, margin
or otherwise borrow against the Preferred Stock, Warrants or the shares of Common Stock
underlying the Preferred Stock or Warrants.  

7.2     Transfer
Restrictions. The Investor’s acknowledge that (1) the Preferred Stock,
Warrants and shares underlying the Preferred Stock and Warrants have not been registered
under the provisions of the 1933 Act, and may not be transferred unless (A) subsequently
registered thereunder or (B) the Investor shall have delivered to the Company an opinion
of counsel, reasonably satisfactory in form, scope and substance to the Company, to the
effect that the Preferred Stock, Warrants and shares underlying the Notes and Warrants to
be sold or transferred may be sold or transferred pursuant to an exemption from such
registration; and (2) any sale of the Preferred Stock, Warrants and shares underlying the
Preferred Stock and Warrants made in reliance on Rule 144 promulgated under the 1933 Act
may be made only in accordance with the terms of said Rule and further, if said Rule is
not applicable, any resale of such securities under circumstances in which the seller, or
the person through whom the sale is made, may be deemed to be an underwriter, as that
term is used in the 1933 Act, may require compliance with some other exemption under the
1933 Act or the rules and regulations of the SEC thereunder.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 16 

7.3     Restrictive
Legend. The Investor acknowledges and agrees that the Preferred Stock, the
Warrants and the Shares underlying the Preferred Stock and Warrants, and, until such time
as the Shares underlying the Preferred Stock and Warrants have been registered under the
1933 Act and sold in accordance with an effective Registration Statement, certificates
and other instruments representing any of the Shares, shall bear a restrictive legend in
substantially the following form (and a stop-transfer order may be placed against
transfer of any such securities):  

	 	
“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
AND NEITHER SUCH SHARES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED
OR OTHERWISE TRANSFERRED UNLESS (1) A REGISTRATION STATEMENT WITH RESPECT THERETO IS
EFFECTIVE UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS, OR (2) IN
ACCORDANCE WITH THE PROVISIONS OF REGULATION S, OR (3) PURSUANT TO AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT.”  	 

ARTICLE VIII 

CONDITIONS PRECEDENT
TO THE COMPANY’S OBLIGATIONS 

           The
obligation of the Company to consummate the transactions contemplated hereby shall be
subject to the fulfillment, on or prior to Closing Date, of the following conditions: 

8.1     No
Termination. This Agreement shall not have been terminated pursuant to Article X
hereof.  

8.2     Representations
True and Correct. The representations and warranties of the Investor contained in
this Agreement shall be true and correct in all material respects on and as of the
Closing Date with the same force and effect as if made on as of the Closing Date.  

8.3     Compliance
with Covenants. The Investor shall have performed and complied in all material
respects with all covenants, agreements, and conditions required by this Agreement to be
performed or complied by it prior to or at the Closing Date.  

8.4     No
Adverse Proceedings. On the Closing Date, no action or proceeding shall be
pending by any public authority or individual or entity before any court or
administrative body to restrain, enjoin, or otherwise prevent the consummation of this
Agreement or the transactions contemplated hereby or to recover any damages or obtain
other relief as a result of the transactions proposed hereby.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 17 

ARTICLE IX 

CONDITIONS PRECEDENT
TO INVESTOR’S OBLIGATIONS 

           The
obligation of the Investors to consummate the transactions contemplated hereby shall be
subject to the fulfillment, on or prior to Closing Date unless specified otherwise, of the
following conditions: 

9.1     No
Termination. This Agreement shall not have been terminated pursuant to Article X
hereof.  

9.2     Representations
True and Correct. The representations and warranties of WIDEPOINT contained in
this Agreement shall be true and correct in all material respects on and as of the
Closing Date with the same force and effect as if made on as of the Closing Date.  

9.3     Compliance
with Covenants. WIDEPOINT shall have performed and complied in all
material respects with all covenants, agreements, and conditions required by this
Agreement to be performed or complied by it prior to or at the Closing Date.  

9.4     No
Adverse Proceedings. On the Closing Date, no action or proceeding shall be
pending by any public authority or individual or entity before any court or
administrative body to restrain, enjoin, or otherwise prevent the consummation of this
Agreement or the transactions contemplated hereby or to recover any damages or obtain
other relief as a result of the transactions proposed hereby.  

ARTICLE X 

TERMINATION, AMENDMENT
AND WAIVER 

10.1     Termination.
This Agreement may be terminated at any time prior to the Effective Time:  

           10.1.1      by
mutual written consent of the Investor and the Company;  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 18 

           10.1.2    
by the Company upon a material breach of any representation, warranty, covenant or
agreement on the part of the Investor set forth in this Agreement, or the Investor upon a
material breach of any representation, warranty, covenant or agreement on the part of
WIDEPOINT set forth in this Agreement, or if any representation or warranty of WIDEPOINT
or the Investor, respectively, shall have become untrue, in either case such that any of
the conditions set forth in Article VIII or Article IX hereof would not be satisfied (a
“Terminating Breach”), and such breach shall, if capable of cure, not
have been cured within five (5) business days after receipt by the party in breach of a
notice from the non-breaching party setting forth in detail the nature of such breach.  

10.2     Effect
of Termination. In the event of the termination of this Agreement pursuant to
Paragraph 10.1 hereof, there shall be no liability on the party of WIDEPOINT or the
Investor or any of their respective officers, directors, agents or other representatives
and all rights and obligations of any party hereto shall cease.  

10.3     Amendment.
This Agreement may be amended by the parties hereto any time prior to the Closing Date by
an instrument in writing signed by the parties hereto.  

10.4     Waiver.
At any time prior to the Closing Date, WIDEPOINT or the Investor, as appropriate, may:
(a) extend the time for the performance of any of the obligations or other acts of other
party or; (b) waive any inaccuracies in the representations and warranties contained
herein or in any document delivered pursuant hereto which have been made to it or them;
or (c) waive compliance with any of the agreements or conditions contained herein for its
or their benefit. Any such extension or waiver shall be valid only if set forth in an
instrument in writing signed by the party or parties to be bound hereby.  

ARTICLE XI 

GENERAL PROVISIONS 

11.1     Transaction Costs.
Except as otherwise provided herein, each of the parties shall pay all of his or its
costs and expenses (including attorney fees and other legal costs and expenses and
accountants’ fees and other accounting costs and expenses) incurred by that party in
connection with this Agreement.  

11.2     Indemnification.
The Investor agrees to indemnify, defend and hold the Company (following the Closing
Date) and its officers and directors harmless against and in respect of any and all
claims, demands, losses, costs, expenses, obligations, liabilities or damages, including
interest, penalties and reasonable attorney’s fees, that it shall incur or suffer,
which arise out of or result from any breach of this Agreement by such Investor or
failure by such Investor to perform with respect to any of its representations,
warranties or covenants contained in this Agreement or in any exhibit or other instrument
furnished or to be furnished under this Agreement. The Company agrees to indemnify,
defend and hold the Investor harmless against and in respect of any and all claims,
demands, losses, costs, expenses, obligations, liabilities or damages, including
interest, penalties and reasonable attorney’s fees, that it shall incur or suffer,
which arise out of, result from or relate to any breach of this Agreement or failure by
the Company to perform with respect to any of its representations, warranties or
covenants contained in this Agreement or in any exhibit or other instrument furnished or
to be furnished under this Agreement. In no event shall the Company or the Investors be
entitled to recover consequential or punitive damages resulting from a breach or
violation of this Agreement nor shall any party have any liability hereunder in the event
of gross negligence or willful misconduct of the indemnified party. In the event of a
breach of this Agreement by the Company, the Investor shall be entitled to pursue a
remedy of specific performance upon tender into the Court an amount equal to the Purchase
Price hereunder. The indemnification by the Investors shall be limited to the amount they
have invested on the Closing Date.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 19 

11.3     Headings. The
table of contents and headings contained in this Agreement are for reference purposes
only and shall not affect in any way the meaning or interpretation of this Agreement.  

11.4     Entire Agreement.
This Agreement (together with the Schedule, Exhibits, Warrants and documents referred to
herein) constitute the entire agreement of the parties and supersede all prior agreements
and undertakings, both written and oral, between the parties, or any of them, with
respect to the subject matter hereof.  

11.5     Notices. All
notices and other communications hereunder shall be in writing and shall be deemed to
have been given (i) on the date they are delivered if delivered in person; (ii) on the
date initially received if delivered by facsimile transmission followed by registered or
certified mail confirmation; (iii) on the date delivered by an overnight courier service;
or (iv) on the third business day after it is mailed by registered or certified mail,
return receipt requested with postage and other fees prepaid as follows:  

	 	
If
to WIDEPOINT:  

	 	
One
Lincoln Centre 
Suite 1100 
Oakbrook Terrace, Il, 60181 
Attention: James T. McCubbin 

	 	
With
a copy to:  

	 	
Foley
Lardner, LLP 
3000K Street, N.W. 
Suite 500 
Washington, D.C.  20007 
Facsimile No.:
202.672.5399 
Attn:  Thomas James, Esq. 

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 20 

	 	
If
to the Investor:  

	 	
Barron
Partners L.P. 
730 Fifth Avenue, 9th Floor 
New York, New York  10019 
Attn: Andrew Barron
Worden 

11.6     Severability. If
any term or other provision of this Agreement is invalid, illegal or incapable of being
enforced by any rule of law or public policy, all other conditions and provisions of this
Agreement shall nevertheless remain in full force and effect so long as the economic or
legal substance of the transactions contemplated hereby is not affected in any manner
materially adverse to any party. Upon such determination that any such term or other
provision is invalid, illegal or incapable of being enforced, the parties hereto shall
negotiate in good faith to modify this Agreement so as to effect the original intent of
the parties as closely as possible in an acceptable manner to the end that the
transactions contemplated hereby are fulfilled to the extent possible.  

11.7     Binding Effect.
All the terms and provisions of this Agreement whether so expressed or not, shall be
binding upon, inure to the benefit of, and be enforceable by the parties and their
respective administrators, executors, legal representatives, heirs, successors and
assignees.  

11.8     Preparation of Agreement.
This Agreement shall not be construed more strongly against any party regardless of who
is responsible for its preparation. The parties acknowledge each contributed and is
equally responsible for its preparation.  

11.9     Governing Law. This
Agreement shall be governed by, and construed in accordance with, the laws of the
State of New York, without giving effect to applicable principles of conflicts of law.  

11.10     Jurisdiction. This
Agreement shall be exclusively governed by and construed in accordance with the laws of
the State of New York. If any action is brought among the parties with respect to this
Agreement or otherwise, by way of a claim or counterclaim, the parties agree that in any
such action, and on all issues, the parties irrevocably waive their right to a trial by
jury. Exclusive jurisdiction and venue for any such action shall be the Federal Courts
serving the State of New York. In the event suit or action is brought by any party under
this Agreement to enforce any of its terms, or in any appeal therefrom, it is agreed that
the prevailing party shall be entitled to reasonable attorneys fees to be fixed by the
arbitrator, trial court, and/or appellate court.  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 21 

11.11     Preparation and Filing
of Securities and Exchange Commission filings. The Investor shall reasonably
assist and cooperate with the Company in the preparation of all filings with the SEC
after the Closing Date due after the Closing Date.  

11.12     Further Assurances,
Cooperation. Each party shall, upon reasonable request by the other party,
execute and deliver any additional documents necessary or desirable to complete the
transactions herein pursuant to and in the manner contemplated by this Agreement. The
parties hereto agree to cooperate and use their respective best efforts to consummate the
transactions contemplated by this Agreement.  

11.13     SurvivalThe
representations, warranties, covenants and agreements made herein shall survive the
Closing of the transaction contemplated hereby.  

11.14     Third Parties Except
as disclosed in this Agreement, nothing in this Agreement, whether express or implied, is
intended to confer any rights or remedies under or by reason of this Agreement on any
persons other than the parties hereto and their respective administrators, executors,
legal representatives, heirs, successors and assignees. Nothing in this Agreement is
intended to relieve or discharge the obligation or liability of any third persons to any
party to this Agreement, nor shall any provision give any third persons any right of
subrogation or action over or against any party to this Agreement.  

11.15     Failure or Indulgence
Not Waiver; Remedies Cumulative. No failure or delay on the part of any party
hereto in the exercise of any right hereunder shall impair such right or be construed to
be a waiver of, or acquiescence in, any breach of any representation, warranty, covenant
or agreement herein, nor shall nay single or partial exercise of any such right preclude
other or further exercise thereof or of any other right. All rights and remedies existing
under this Agreement are cumulative to, and not exclusive of, any rights or remedies
otherwise available.  

11.16     Counterparts.
This Agreement may be executed in one or more counterparts, and by the different parties
hereto in separate counterparts, each of which when executed shall be deemed to be an
original, but all of which taken together shall constitute one and the same agreement. A
facsimile transmission of this signed Agreement shall be legal and binding on all parties
hereto.  

[SIGNATURES ON
FOLLOWING PAGE] 

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 22 

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

	INVESTOR:

BARRON PARTNERS LP

	
	   
	
	Andrew Barron Worden

President, General Partner of

Barron Partners LP

730 Fifth Avenue, 9th Floor

New York NY 10019 	

	WIDEPOINT:

WIDEPOINT CORPORATION

	
	   
	
	
By:   	
   
	

	Title:   	   
	

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 23 

Schedule A  

	NAME AND ADDRESS 
	AMOUNT OF

INVESTMENT 
	NUMBER OF SHARES 
OF COMMON
STOCK 
INTO WHICH NOTE 
IS
CONVERTIBLE 
	NUMBER OF SHARES 
UNDERLYING
WARRANTS 

	Barron Partners LP	 	 	 
	730 Fifth Avenue, 9th Floor
	New York, New York 10019	$2,000,000	11,428,570	5,714,286
	Attn: Andrew Barron Worden

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 24 

Schedule 4.3 – List
of acquisitions currently being negotiated by the Company pursuant to which shares of
Common Stock may be issued. 

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 25 

Schedule 4.8 – List
of Brokers  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 26 

Exhibit A  

Form of Warrant  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 27 

Exhibit B  

Registration Rights
Agreement  

STOCK PURCHASE
AGREEMENT BETWEEN 
WIDEPOINT CORPORATION AND BARRON PARTNERS LP 
PAGE 28

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00073-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00073-of-00352.parquet"}]]