Document:

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                                                                     Exhibit 4.1

                               COMTECH GROUP, INC.

                            2004 STOCK INCENTIVE PLAN

                               SECTION 1. PURPOSE
                               ------------------

                  The purpose of this 2004 Stock Incentive Plan (the "PLAN") is
to advance the interests of Comtech Group, Inc., a Maryland corporation
("COMTECH") and its stockholders by enhancing the ability of Comtech and its
Affiliates (as hereinafter defined) to attract, retain and incentivize officers,
employees and independent contractors who are crucial to the future growth and
success of the Company and its Affiliates.

                             SECTION 2. DEFINITIONS
                             ----------------------

                  "AFFILIATE" means any entity, whether or not incorporated,
that directly or through one or more intermediaries is controlled by Comtech.

                  "AWARD" means any Option, Stock Appreciation Right,
Performance Share or Restricted Stock awarded under the Plan.

                  "BOARD" means the board of directors of Comtech.

                  "CODE" means the Internal Revenue Code of 1986, as amended.

                  "COMMITTEE" means a committee of not less than two members of
the Board appointed by the Board to administer the Plan; provided, however, that
while the Common Stock is registered under Section 12 of the Exchange Act (as
hereinafter defined), each member of the Committee shall be a "nonemployee
director" within the meaning of Rule 16b-3 under the Exchange Act ("RULE
16b-3"), and provided further, that if and to the extent necessary to exclude
Options and SARs granted under the Plan from the calculation of the income tax
deduction limit under Code Section 162(m), each member of the Committee shall be
an "outside director" within the meaning of Code Section 162(m).

                  "COMMON STOCK" or "STOCK" means the common stock, with $0.01
par value per share, of Comtech.

                  "COMPANY" means Comtech and, except where the content requires
otherwise, all of its present and future Affiliates.

                  "DESIGNATED BENEFICIARY" means the beneficiary designated by a
Participant, in a manner determined by the Board, to receive amounts due or
exercise rights of the Participant in the event of the Participant's death or
incapacity. In the absence of an effective designation by a Participant,
Designated Beneficiary shall mean the Participant's estate, in the event of the
Participant's death, and the Participant's legal guardian, in the event of the
Participant's incapacity.

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                  "EXCHANGE ACT" means the Securities Exchange Act of 1934, as
amended.

                  "FAIR MARKET VALUE" means with respect to Common Stock on any
given date (i) if the Common Stock is listed for trading on one or more national
securities exchanges, the mean of the high and low sales prices on the principal
such exchange on the date in question, or, if the Common Stock shall not have
been traded on such principal exchange on such date, the mean of the high and
low sales prices on such principal exchange on the first day prior thereto on
which the Common Stock was so traded; (ii) if Common Stock is not listed for
trading on a national securities exchange but is traded on the over-the-counter
market, the mean of the highest and lowest bid prices for the Common Stock on
the date in question, or, if there are no such bid prices for the Common Stock
on such date, the mean of the highest and lowest bid prices on the first day
prior thereto on which such prices appear; and (iii) in all other events, such
amount as may be determined by the Board in good faith by any fair and
reasonable means.

                  "INCENTIVE STOCK OPTION" or "ISO" means an option to purchase
shares of Common Stock awarded to a Participant under Section 6 which is
intended to meet the requirements of Code Section 422.

                  "NONSTATUTORY STOCK OPTION" or "NSO" means an option to
purchase shares of Common Stock awarded to a Participant under Section 6 which
is not intended to be an ISO.

                  "OPTION" means an Incentive Stock Option or a Nonstatutory
Stock Option.

                  "PARTICIPANT" means a person selected by the Board to receive
an Award under the Plan.

                  "PERFORMANCE SHARES" mean shares of Common Stock which may be
earned by the achievement of performance goals awarded to a Participant under
Section 8.

                  "REPORTING PERSON" means a person subject to Section 16 of the
Exchange Act or any successor provision.

                  "RESTRICTED PERIOD" means the period of time selected by the
Board during which shares subject to a Restricted Stock Award may be repurchased
by or forfeited to the Company.

                  "RESTRICTED STOCK" means shares of Common Stock awarded to a
Participant under Section 9.

                  "STOCK APPRECIATION RIGHT" or "SAR" means a right to receive
any excess in Fair Market Value of shares of Common Stock over the exercise
price awarded to a Participant under Section 7.

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                           SECTION 3. ADMINISTRATION
                           -------------------------

                  The Board shall have plenary authority in its discretion, to
the maximum extent permissible by law, subject to and not inconsistent with the
express provisions of the Plan, to administer the Plan. Without limiting the
foregoing, the Board shall have authority to make Awards, to set administrative
rules, guidelines and practices relating to the Plan as it shall deem advisable
from time to time, and to interpret the provisions of the Plan. In determining
the persons to whom Awards shall be made, the number of shares to be covered by
each Award and the terms thereof (including the restriction, if any, which shall
apply to the Common Stock subject to an Award), the Board shall take into
account the duties of the respective persons, their present and potential
contributions to the success of the Company and such other factors as the Board,
in its discretion, shall deem relevant in connection with accomplishing the
purposes of the Plan.

                  The Board's decisions shall be final and binding. Except as
otherwise required by law, no member of the Board shall be liable for any action
or determination relating to the Plan made in good faith.

                  The Board may appoint a Committee and delegate to the
Committee some or all of its authority with respect to Plan administration. In
the event the Board appoints a Committee, references in the Plan to the Board
shall, as appropriate, be read as references to the Committee.

                             SECTION 4. ELIGIBILITY
                             ----------------------

                  Awards may be made to employees and independent contractors of
the Company. For purposes hereof, independent contractors shall include
consultants, directors, advisors and other service providers of the Company.

                     SECTION 5. STOCK AVAILABLE FOR AWARDS
                     -------------------------------------

                  (a) Subject to adjustment under Section 10(h) below, Awards
may be made under the Plan for up to five million (5,000,000) shares of Common
Stock, subject to adjustment as provided herein. If any Award in respect of
shares of Common Stock expires or is terminated unexercised or is forfeited for
any reason or settled in a manner that results in fewer shares outstanding than
were initially awarded, the shares subject to such Award or so surrendered, as
the case may be, to the extent of such expiration, termination, forfeiture or
decrease, shall again be available for award under the Plan, subject, however,
in the case of Incentive Stock Options, to any limitation required under the
Code. Shares issued under the Plan may consist in whole or in part of authorized
but unissued shares or treasury shares.

                  (b) Subject to adjustment under Section 10(h) below, for so
long as the Company is a "publicly held corporation" within the meaning of Code
Section 162(m), the maximum number of shares of Common Stock as to which Awards
may be granted to a single individual in any year shall not exceed seven hundred
thousand (700,000).

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                  (c) The Board may grant Awards under the Plan in substitution
for stock and stock based awards held by employees of another corporation who
concurrently become employees of the Company as a result of a merger or
consolidation of the employing corporation with the Company or the acquisition
by the Company of property or stock of the employing corporation. The substitute
Awards shall be granted on such terms and conditions as the Board considers
appropriate in the circumstances. The shares which may be delivered under such
substitute Awards shall be in addition to the maximum number of shares provided
for in Section 5(a).

                            SECTION 6. STOCK OPTIONS
                            ------------------------

                  (a) GENERAL.
                      -------

                        (i) Subject to the provisions of the Plan, the Board may
award Incentive Stock Options and Nonstatutory Stock Options, and determine the
number of shares to be covered by each Option, the option price therefor, the
conditions and limitations applicable to the exercise of the Option and the
restrictions, if any, applicable to the shares of Common Stock issuable
thereunder.

                        (ii) The Board shall establish the exercise price at the
time each Option is awarded.

                        (iii) Subject to Section 10(a), each Option shall be
exercisable at such times and subject to such terms and conditions as the Board
may specify in the applicable Award or thereafter. The Board may impose such
conditions with respect to the exercise of Options, including conditions
relating to applicable federal or state securities laws, as it considers
necessary or advisable.

                        (iv) Options granted under the Plan shall provide for
the payment of the exercise price by delivery of cash or check in an amount
equal to the exercise price of such Options or by delivery of shares of Common
Stock of the Company owned by the optionee for at least six months (valued at
Fair Market Value) and, to the extent permitted by the Board at or after the
award of the Option, may provide for payment by (A) delivery of other property
acceptable to the Board (valued at Fair Market Value), (B) delivery of a
promissory note of the optionee to the Company on terms determined by the Board,
(C) delivery of an irrevocable undertaking by a broker to deliver promptly to
the Company sufficient funds to pay the exercise price or delivery of
irrevocable instructions to a broker to deliver promptly to the Company cash or
a check sufficient to pay the exercise price, (D) payment of such other lawful
consideration as the Board may determine, or (E) any combination of the
foregoing.

                        (v) The Board may provide for the automatic award of an
Option upon the delivery of shares to the Company in payment of the exercise
price of an Option for up to the number of shares so delivered.

                        (vi) The Board may at any time accelerate the time at
which all or any part of an Option may be exercised.

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                        (vii) Non-Transferability.

                             (1) Except as provided in subparagraphs (2) and (3)
below, Options granted under the Plan shall not be assignable or transferable
other than by will or the laws of descent and distribution and Options may be
exercised during the lifetime of the Participant only by the Participant or by
the Participant's guardian or legal representative.

                             (2) Notwithstanding subparagraph (1), a
Nonstatutory Stock Option may (but need not) provide, that it is transferable by
gift or a domestic relations order, to a Family Member (as hereinafter defined)
of the Participant. If a Nonstatutory Stock Option is transferred in accordance
with this subparagraph, the Option shall be exercisable solely by the
transferee, but the determination of the exercisability of the Option shall be
based solely on the activities and state of affairs of the Participant. For
purposes hereof, a Participant's "Family Member" means the Participant's child,
stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse,
sibling, niece, nephew, mother-in-law, father-in-law, son-in-law,
daughter-in-law, brother-in-law, or sister-in-law, including adoptive
relationships, any person sharing the Participant's household (other than a
tenant or employee), a trust in which these persons have more than 50% of the
beneficial interest, a foundation in which these persons (or the Participant)
control the management of assets, and any other entity in which these persons
(or the Participant) own more than 50% of the voting interests.

                             (3) Notwithstanding subparagraph (1), a Participant
may transfer a Nonstatutory Stock Option with the express, written consent of
the Board, which consent may be withheld for any reason or for no reason.

                  (b) INCENTIVE STOCK OPTIONS.
                      -----------------------

                  Options granted under the Plan which are intended to be ISOs
shall be subject to the following additional terms and conditions:

                        (i) All ISOs granted under the Plan shall, at the time
of grant, be specifically designated as such in the option agreement covering
such Award. All Options designated as ISOs shall be interpreted in a manner
consistent with the requirements of Code Section 422.

                        (ii) While the Company shall take reasonable measures to
assure that an Option intended to be an ISO shall be so treated for federal
income tax purposes, it makes no assurances to anyone that any Option intended
to be an ISO shall be taxed as an ISO. Without limiting the foregoing, Options
intended to be ISOs which are exercised after the period permitted by Code
Section 422 shall not be taxed as ISOs.

                        (iii) ISOs may only be awarded to employees of Comtech
or a corporation which, with respect to Comtech, is a "parent corporation" or
"subsidiary corporation" within the meaning of Code Sections 424(e) and (f).
Furthermore, except as otherwise provided in Code Section 422, if a Participant
is no longer employed by Comtech or a parent corporation or subsidiary
corporation of Comtech, the Participant's Option shall cease to be treated as an
ISO.

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                        (iv) Subject to clause (v), the Option exercise price
per share of Common Stock covered by an ISO shall be no less than the fair
market value of a share of Common Stock on the date of grant of the Option.

                        (v) In the case of an individual who at the time the
Option is granted owns stock possessing more than 10% of the total combined
voting power of all classes of the stock of Comtech or of a parent or subsidiary
corporation of Comtech (a "10% HOLDER"), (1) the Option exercise price of the
Common Stock covered by any ISO granted to such person shall in no event be less
than 110% of the fair market value of the Common Stock on the date the ISO is
granted and (2) the term of an ISO granted to such person may not exceed five
years from the date of grant.

                        (vi) The aggregate fair market value (determined at the
time an ISO is granted) of the Common Stock covered by ISOs exercisable for the
first time by an employee during any calendar year (under all plans of the
Company) may not exceed $100,000.

                        (vii) To the extent that any Option which is issued
under the Plan exceeds the limit set forth in subparagraph (vi) or otherwise
does not comply with the requirements of Code Section 422, it shall be treated
as a Nonstatutory Stock Option.

                      SECTION 7. STOCK APPRECIATION RIGHTS
                      ------------------------------------

                  (a) The Board may grant Stock Appreciation Rights entitling
recipients on exercise of the SAR to receive an amount, in cash or Stock or a
combination thereof (such form to be determined by the Board), determined in
whole or in part by reference to appreciation in the Fair Market Value of the
Stock between the date of the Award and the exercise of the Award. A Stock
Appreciation Right shall entitle the Participant to receive, with respect to
each share of Stock as to which the SAR is exercised, the excess of the share's
Fair Market Value on the date of exercise over its Fair Market Value on the date
the SAR was granted.

                  (b) Stock Appreciation Rights may be granted in tandem with,
or independently of, Options granted under the Plan. A Stock Appreciation Right
granted in tandem with an Option which is not an Incentive Stock Option may be
granted either at or after the time the Option is granted. A Stock Appreciation
Right granted in tandem with an Incentive Stock Option may be granted only at
the time the Option is granted.

                  (c) When Stock Appreciation Rights are granted in tandem with
Options, the following provisions shall apply:

                        (i) The Stock Appreciation Right shall be exercisable
only at such time or times, and to the extent, that the related Option is
exercisable and shall be exercisable in accordance with the procedure required
for exercise of the related Option.

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                        (ii) The Stock Appreciation Right shall terminate and no
longer be exercisable upon the termination or exercise of the related Option,
except that a Stock Appreciation Right granted with respect to less than the
full number of shares covered by an Option shall not be reduced until the number
of shares as to which the related Option has been exercised or has terminated
exceeds the number of shares not covered by the Stock Appreciation Right.

                        (iii) The Option shall terminate and no longer be
exercisable upon the exercise of the related Stock Appreciation Right.

                        (iv) The Stock Appreciation Right shall be transferable
only with the related Option.

                        (v) A Stock Appreciation Right granted in tandem with an
Incentive Stock Option may be exercised only when the market price of the Stock
subject to the Option exceeds the exercise price of such Option.

                  (d) A Stock Appreciation Right not granted in tandem with an
Option shall become exercisable at such time or times, and on such conditions,
as the Board may specify.

                  (e) The Board may at any time accelerate the time at which all
or any part of the SAR may be exercised.

                          SECTION 8. PERFORMANCE SHARES
                          -----------------------------

                  (a) The Board may make Performance Share Awards entitling
recipients to acquire shares of Stock upon the attainment of specified
performance goals. The Board may make Performance Share Awards independent of or
in connection with the granting of any other Award under the Plan. The Board in
its sole discretion shall determine the performance goals applicable under each
such Award, the periods during which performance is to be measured, and all
other limitations and conditions applicable to the awarded Performance Shares.

                  (b) A Participant receiving a Performance Share Award shall
have the rights of a stockholder only as to shares actually received by the
Participant under the Plan and not with respect to shares subject to an Award
but not actually received by the Participant. A Participant shall be entitled to
receive a stock certificate evidencing the acquisition of shares of Stock under
a Performance Share Award only upon satisfaction of all conditions specified in
the Agreement evidencing the Performance Share Award.

                  (c) The Board may at any time accelerate or waive any or all
of the goals, restrictions or conditions imposed under any Performance Share
Award.

                          SECTION 9. RESTRICTED STOCK
                          ---------------------------

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                  (a) The Board may grant Restricted Stock Awards entitling
recipients to acquire shares of Stock, subject to the right of the Company to
repurchase all or part of such shares at their purchase price (or to require
forfeiture of such shares if purchased at no cost) from the recipient in the
event that conditions specified by the Board in the applicable Award are not
satisfied prior to the end of the applicable Restricted Period or Restricted
Periods established by the Board for such Award. Conditions for repurchase (or
forfeiture) may be based on continuing employment or service or achievement of
pre-established performance or other goals and objectives.

                  (b) Shares of Restricted Stock may not be sold, assigned,
transferred, pledged or otherwise encumbered, except as permitted by the Board
during the applicable Restricted Period. Shares of Restricted Stock shall be
evidenced in such manner as the Board may determine. Any certificates issued in
respect of shares of Restricted Stock shall be registered in the name of the
Participant and, unless otherwise determined by the Board, deposited by the
Participant, together with a stock power endorsed in blank, with the Company (or
its designee). At the expiration of the Restricted Period, the Company (or such
designee) shall deliver such certificates to the Participant or, if the
Participant has died, to the Participants' Designated Beneficiary.

                  (c) The purchase price for each share of Restricted Stock
shall be determined by the Board and may not be less than the par value of the
Common Stock. Such purchase price may be paid in cash or such other lawful
consideration as is determined by the Board.

                  (d) The Board may at any time accelerate the expiration of the
Restricted Period applicable to all, or any particular, outstanding shares of
Restricted Stock.

              SECTION 10. GENERAL PROVISIONS APPLICABLE TO AWARDS
              ---------------------------------------------------

                  (a) MAXIMUM TERM. No Award shall have a term exceeding ten
years, measured from the date of the Award grant.

                  (b) APPLICABILITY OF RULE 16B-3. Those provisions of the Plan
which make an express reference to Rule 16b-3 shall apply to the Company only at
such time as the Company's Common Stock is registered under the Exchange Act, or
any successor provision, and then only to Reporting Persons.

                  (c) REPORTING PERSON LIMITATIONS. Notwithstanding any other
provision of the Plan, to the extent required to qualify for the exemption
provided by Rule 16b-3, the selection of a Reporting Person as a Participant and
the terms of his or her Award shall be determined only in accordance with the
applicable provisions of Rule 16b-3.

                  (d) DOCUMENTATION. Each Award under the Plan shall be
evidenced by an instrument delivered to the Participant specifying the terms and
conditions thereof and containing such other terms and conditions not
inconsistent with the provisions of the Plan as the Board considers necessary or
advisable. Such instruments may be in the form of agreements to be executed by
both the Company and the Participant, or certificates, letters or similar
documents, acceptance of which shall evidence agreement to the terms thereof and
of this Plan.

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                  (e) BOARD DISCRETION. Each type of Award may be made alone, in
addition to or in relation to any other type of Award. The terms of each type of
Award need not be identical and the Board need not treat Participants uniformly.
Except as otherwise provided by the Plan or a particular Award, any
determination with respect to an Award may be made by the Board at the time of
the Award grant or at any time thereafter.

                  (f) TERMINATION OF STATUS. The Board shall determine and
specify in the Award documentation the effect on an Award of the disability,
death, retirement, authorized leave of absence or other termination of
employment or other status of a Participant and the extent to which, and the
period during which, the Participant's legal representative, guardian or
Designated Beneficiary may exercise rights under such Award.

                  (g) DILUTIONS AND OTHER ADJUSTMENTS. In the event of any stock
dividend or split, issuance or repurchase of stock or securities convertible
into or exchangeable for shares of stock, grants of options, warrants or rights
to purchase stock, recapitalization, combination, exchange or similar change
affecting the Common Stock, or any other increase or decrease in the number of
issued shares of Common Stock effected without receipt of consideration by the
Company, the Board in its sole discretion may equitably adjust any or all of (i)
the number and kind of shares in respect of which Awards may be made under the
Plan, (ii) the number and kind of shares subject to outstanding Awards, and
(iii) the award, exercise or conversion price with respect to any of the
foregoing, and may make any other equitable adjustments or take such other
equitable action as the Board, in its discretion, shall deem appropriate,
including, if considered appropriate by the Board, making provision for a cash
payment with respect to an outstanding Award. Such adjustments or actions shall
be conclusive and binding for all purposes. In the event of a change in the
Common Stock which is limited to a change in the designation thereof to "Capital
Stock" or other similar designation, or to a change in the par value thereof, or
from no par value to par value (or vice versa), without increase or decrease in
the number of issued shares, the shares resulting from any such change shall be
deemed to be Common Stock within the meaning of the Plan. For purposes hereof,
the conversion of any convertible securities of the Company shall not be deemed
to have been "effected without receipt of consideration."

                  In the event that Comtech or the division, subsidiary or other
Affiliate for which a Participant performs services is sold, merged,
consolidated, reorganized or liquidated, the Board may take any one or more of
the following actions as to outstanding Awards: (i) provide that such Awards
shall be assumed, or substantially equivalent Awards shall be substituted, by
the acquiring or succeeding corporation (or an affiliate thereof) on such terms
as the Board determines to be appropriate, (ii) upon written notice to
Participants, provide that all unexercised Options or SARS shall terminate
immediately prior to the consummation of such transaction unless exercised by
the Participant within a specified period following the date of such notice,
(iii) in the event of a sale or similar transaction under the terms of which
holders of the Common Stock of the Company receive a cash payment for each share
surrendered in the transaction (the "SALES PRICE"), make or provide for a cash

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payment to each Option and/or SAR holder equal to the amount by which (A) the
Sales Price times the number of shares of Common Stock subject to Participant's
outstanding, vested Options or SARs exceeds (B) the aggregate exercise price of
all such outstanding, vested Options or SARs, in exchange for the termination of
such Options or SARs, (iv) or make such other adjustments, if any, as the Board
determines to be necessary or advisable to provide each Participant with a
benefit substantially similar to that to which the Participant would have been
entitled had such event not occurred.

                  (h) WITHHOLDING. The Participant shall pay to the Company, or
make provision satisfactory to the Board for payment of, any taxes required by
law to be withheld in respect of Awards under the Plan no later than the date of
the event creating the tax liability. In the Board's discretion, and subject to
such conditions as the Board may establish, such tax obligations may be paid in
whole or in part in shares of Common Stock, including shares retained from the
Award creating the tax obligation, valued at their Fair Market Value. The
Company may, to the extent permitted by law, deduct any such tax obligations
from any payment of any kind otherwise due to the Participant.

                  (i) FOREIGN NATIONALS. Awards may be made to Participants who
are foreign nationals or employed outside the United States on such terms and
conditions that are different from those specified in the Plan, but which are
consistent with the purpose of the Plan, as the Board considers necessary or
advisable to achieve the purposes of the Plan and comply with applicable laws
and/or achieve favorable tax results under foreign tax laws.

                  (j) AMENDMENT OF AWARD. The Board may amend, modify or
terminate any outstanding Award, including substituting therefor another Award
of the same or a different type, changing the date of exercise or realization
and converting an Incentive Stock Option to a Nonstatutory Stock Option,
provided that the Participant's consent to such action shall be required unless
the action, taking into account any related action, would not materially and
adversely affect the Participant.

                  (k) CONDITIONS ON DELIVERY OF STOCK. The Company shall not be
obligated to deliver any shares of Stock pursuant to the Plan or to remove
restrictions from shares previously delivered under the Plan (i) until all
conditions of the Award have been satisfied or removed, (ii) until, in the
opinion of the Company's counsel, all applicable federal and state laws and
regulations have been complied with, (iii) if the outstanding Stock is at the
time listed on any stock exchange, until the shares to be delivered have been
listed or authorized to be listed on such exchange upon official notice of
notice of issuance, and (iv) until all other shares have been approved by the
Company's counsel. If the sale of Stock has not been registered under the
Securities Act of 1933, as amended, the Company may require, as a condition to
exercise of the Award, such representations or agreements as the Company may
consider appropriate to avoid violation of such Act and may require that the
certificates evidencing such Stock bear an appropriate legend restricting
transfer. Except to the extent as may be specified in the documentation with
respect to a particular Award grant, the Company shall be under no obligation to
register or qualify any shares of Common Stock subject to Awards under any
federal or state securities law or on any exchange.

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                           SECTION 11. MISCELLANEOUS
                           -------------------------

                  (a) NO RIGHT TO EMPLOYMENT OR OTHER STATUS. No person shall
have any claim or right to be granted an Award, and the grant of an Award shall
not be construed as giving a Participant the right to continued employment or
service for the Company. The Company expressly reserves the right at any time to
dismiss a Participant free from any liability or claim under the Plan, except as
expressly provided in the applicable Award.

                  (b) NO RIGHTS AS STOCKHOLDER. Subject to the provisions of the
applicable Award, no Participant or Designated Beneficiary shall have any rights
as a stockholder with respect to any shares of Common Stock to be distributed
under the Plan until he or she becomes the record holder thereof.

                  (c) NO RESTRICTION ON THE RIGHT OF THE COMPANY TO EFFECT
CORPORATE CHANGES. The Plan and the Options granted hereunder shall not affect
in any way the right or power of the Company or its stockholders to make or
authorize any or all adjustments, recapitalization, reorganizations or other
changes in the Company or the Company's capital structure or its business, or
any merger or consolidation of the Company, or any issue of stock or of options,
warrants or rights to purchase stock or of bonds, debentures, preferred or prior
preference stocks whose rights are superior to or affect the Common Stock or the
rights of holders thereof or which are convertible into or exchangeable for
Common Stock, or the dissolution or liquidation of the Company, or any sale or
transfer of all or any part of its assets or business, or any other corporate
act or proceeding, whether of a similar character or otherwise.

                  (d) EXCLUSION FROM BENEFIT COMPUTATIONS. Except as expressly
specified in the applicable plan or program, no amount or shares of Common Stock
payable upon exercise of an Award granted under the Plan shall be considered
salary, wages or compensation for purposes of determining the amount or nature
of benefits that a Participant is entitled to receive under any Company benefit
plan or program.

                  (e) TRANSFERS TO AND FROM AFFILIATES. For all Plan purposes,
except to the extent specifically provided otherwise in a particular Award,
employment shall include all periods of employment with any Comtech Affiliate,
and a transfer of an employee from Comtech to a Comtech Affiliate or visa versa,
or a transfer from one Comtech Affiliate to another, will not be treated as a
termination of employment.

                  (f) EFFECTIVE DATE AND TERM. Subject to the approval of the
stockholders of the Company within 12 months of such date, the Plan is effective
as of August 3, 2004, the date of its adoption by the Board. Prior to such
stockholder approval, Awards incorporating provisions authorized by the Plan may
be made under the Plan, but shall be expressly subject to such approval. In the
event that such stockholder approval is not obtained within such time period,
the Plan and any Options granted under the Plan on or prior to the expiration of
such 12 month period shall be void and of no further force and

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effect. No Award may be made under the Plan after the tenth anniversary of the
Plan's effective date, but Awards granted before such date may extend beyond
that date. In the event that such stockholder approval is not obtained within
such time period, the Plan and any Options granted under the Plan on or prior to
the expiration of such 12 month period shall be void and of no further force and
effect.

                  (g) AMENDMENT OF PLAN. The Board may at any time and from time
to time alter, amend, suspend or terminate the Plan in whole or in part;
provided, however, that no amendment requiring stockholder approval by law,
rules or regulations, or by the rules of any stock exchange, inter-dealer
quotation system, or other market in which shares of Common Stock are traded,
shall be effective unless and until such stockholder approval has been obtained
in compliance with such rule or law. Without limiting the foregoing, outstanding
Options may be repriced downward without stockholder approval.

                  (h) GOVERNING LAW. The provisions of the Plan shall be
governed by and interpreted in accordance with the laws the United States and of
the State of Maryland.

                                       12<PAGE>
EXHIBIT 10.d.3

THIS AGREEMENT is made the 7th (seventh) day of June 2005

BETWEEN:

(1)      PIVX SOLUTIONS INC a company incorporated under the laws of Nevada with
         registered no. [ 87-0618509 ] whose registered office is at 23
         Corporate Plaza Drive, Suite 280, Newport Beach, CA 92660 USA (the
         "Principal"); and

(2)      PREVENTON TECHNOLOGIES LIMITED a company incorporated under the laws of
         England and Wales with registered no. 3980753 whose registered office
         is at Lanmor House, 370/386 High Road, Wembley, Middlesex HA9 6AX (the
         "Agent").

WHEREAS:

(A)      The Principal sells computer security software worldwide.

(B)      The Principal and now wishes to appoint the Agent as its
         [non-]exclusive agent (with the title of General Sales Agent) for the
         promotion and sale of Products within the Territory, as defined below.

NOW IT IS HEREBY AGREED as follows:

1. DEFINITIONS AND INTERPRETATION

1.1 In this Agreement including the recitals, the following words shall have the
following meanings:

"Commencement Date"                 means 7th June 2005;

"Confidential Information"          information of a confidential nature
                                    (including trade secrets and information of
                                    commercial value) known to the Principal and
                                    concerning the Principal and the Products
                                    and communicated to the Agent by the
                                    Principal;

"Control"                           means the ability to direct the affairs of
                                    another whether by virtue of the ownership
                                    of shares, contract or otherwise;

"Intellectual Property"             means any patent, copyright, registered
                                    design, unregistered design right, trade
                                    mark or other industrial or intellectual
                                    property owned or used by the Principal
                                    subsisting in the Territory in respect of
                                    the Products together with any current
                                    applications for any registerable items of
                                    the foregoing;

"Local Regulations"                 laws and regulations application to the
                                    Products in the Territory;

"Minimum Sales Target"              means, in relation to each Year, the amount
                                    of sales of the Products as may be agreed in
                                    writing between the parties in relation to
                                    any Year;

"Net Price"                         means, in relation to any Products, the
                                    price actually charged to the customer less
                                    any value added or other sales tax thereon
                                    included in the price, any transport,
                                    haulage or insurance charges included in the
                                    price and any discounts, rebates or returns;

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"Products"                          means the products of the type and
                                    specification sold by the Principal and
                                    described in Schedule 1 together with any
                                    other products from time to time distributed
                                    by the Principal and which the Principal may
                                    permit the Agent by express notice in
                                    writing to promote and sell in the Territory
                                    but excluding any products which the
                                    Principal ceases to distribute;

"Quarter"                           means each period of three calendar months
                                    ending on 31st March, 30th June, 30th
                                    September and 31st December;

"Territory"                         means the areas specified in Schedule 2;

"Year"                              means the period of 12 months from the
                                    Commencement Date and each consecutive
                                    period of 12 months thereafter during the
                                    period of the Agreement.

1.2      References to Clauses, sub-clauses and Schedules are to the clauses and
         sub-clauses of and schedules to this Agreement.

1.3      Headings are for convenience only and shall be ignored in interpreting
         this Agreement.

2.       APPOINTMENT

2.1      The Principal hereby appoints the Agent as its non-exclusive agent to
         promote and sell the Products in the Territory on the terms of this
         Agreement and the Agency hereby accepts the appointment on those terms.

2.2      The Principal may during the continuance of this Agreement appoint any
         other person, firm or company as its agent for the promotion or sale of
         the Products in the Territory or for the solicitation of customers for
         the Products in the Territory.

2.3      The Principal reserves the right to supply Products directly to
         customers in the Territory rather than refer them to the Agent.

2.4      The Agent shall not outside the Territory actively market the Products
         nor solicit any orders for the Products.

2.5      The Agent shall, but only in relation to specific transactions agreed
         by the Principal and the Agent to be covered by this sub-clause,
         personally guarantee to the Principal the payment by the buyer of the
         price and due performance by the buyer of its other obligations under
         contracts for the sale of Products concluded by the Agent on the
         Principal's behalf, whether or not the buyer ultimately pays and
         performs under those contracts of sale. The Agent shall not, however,
         be liable under this sub-clause where the failure by the buyer to pay
         or to perform under the relevant sale contract is caused by some
         default by the Principal.

2.6      The Agent shall not, except with the Principal's prior written consent
         during the term of this Agreement and for a period of two years
         following the termination or expiry of this Agreement, be involved
         directly or indirectly in the development, manufacture or sale of any
         goods in the Territory which compete with the Products, and shall not
         buy the Products on its own account for resale.

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3.       AGENT'S OBLIGATIONS

         The Agent undertakes and agrees with the Principal at al times during
         the term of this Agreement:

         GENERALLY

3.1      To act towards the Principal conscientiously and in good faith and not
         to allow its interests to conflict with the duties that it owes to the
         Principal under this Agreement and the general law.

3.2      Except as authorised by the Principal, not to act in a way which wil
         incur any liabilities on behalf of the Principal nor to pledge the
         credit of the Principal.

3.3      To comply with all reasonable and lawful instructions of the Principal
         from time to time concerning the marketing and sale of the Products in
         the Territory, and generally to carry out its agency in such manner as
         it thinks best to promote the interest of the Principal.

3.4      To use all reasonable endeavours to promote and sell the Products in
         the Territory with all due care and diligence, to seek to improve the
         Principal's goodwill in the Territory.

3.5      To negotiate, conclude and enter into contracts for the sale of the
         Products in the name of and on behalf of the Principal without prior
         reference to the Principal

         3.5.1    only on the Principal's standard terms and conditions of sale
                  unless specifically authorised otherwise by the Principal
                  under Clause 4; and

         3.5.2    subject to receiving the prior written permission of the
                  Principal to sell to the customer in question. Such consent
                  shall not be unreasonably withheld or delayed by the Principal
                  and may be sought by the Agent in advance of soliciting an
                  order from the customer.

3.6      To act in accordance with sound commercial principles in its relations
         with customers and potential customers in the Territory (including as
         to assessing and where appropriate obtaining independent assessments of
         their creditworthiness) and to do nothing which the Principal considers
         could be prejudicial to its goodwill or commercial interests.

         "HOLDING OUT"

3.7      To describe itself in all dealings with the Products and in al
         associated advertising and promotional material and (if any description
         is provided there) at its premises as "sales agent" or "selling agent"
         of the Principal.

         FACILITIES

3.8 To establish by the Commencement Date and maintain thereafter such
administration facilities and systems as may be necessary for the effective
performance of its duties under this Agreement.

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3.9      To employ a sufficient number of suitably qualified dedicated personnel
         to ensure the proper fulfillment of the Agent's obligations under this
         Agreement, including without limitation attending (upon reasonable
         notice) meetings with the Principal to discuss the marketing and
         selling of the Products in the Territory, attending trade exhibitions
         and other sales outlets as the Principal considers appropriate, and
         making regular and sufficiently frequent calls on customers or
         potential customers to promote the Products.

         INFORMATION, REPORTING ETC.

3.10     To keep the Principal fully informed of its activities concerning the
         promotion and sale of the Products and to provide the Principal with
         reports on request.

3.11     To keep the Principal fully and promptly informed of conditions and
         developments in the market for and use of the Products in the Territory
         (whether advantageous or disadvantageous to the Principal), of
         competing products and the activities of the Principal's competitors in
         the Territory and to perform market research accordingly.

3.12     To keep the Principal fully and promptly informed of its anticipated
         volumes of sales of the Products, so that the Principal may supply to
         the Agent sufficient volumes of stock of the Products to meet
         customers' requirements in a timely manner.

3.13     Promptly to inform the Principal of any order or enquiry concerning
         orders for the Products received for supply outside the Territory.

3.14     To inform the Principal promptly of any complaint or after-sales
         enquiry concerning the Products received by the Agent.

3.15     To maintain a list of customers and potential customers for the
         Products in the Territory from time to time, and on request to supply
         the Principal with an up-to-date copy of that list.

3.16     To obtain where appropriate sales tax registration details from
         customers within the Territory and communicate this information to the
         Principal.

3.17     To use any samples of the Products provided under Clause 5.3.1 only for
         disposal free of charge to customers or potential customers for the
         Products in the Territory, for the purpose of promoting sales of the
         Products there.

3.18     At its own expense to insure and keep insured all of the Principal's
         property which may at any time be in the Agent's possession custody or
         control with an insurer nominated by the Principal to its full
         replacement value against all the risks for which a prudent trader
         would insure his own property of the same type, to show to the
         Principal on demand the policy document and the most recent receipt for
         premium, to perform any obligation required of it under the terms of
         such insurance, to do nothing which could invalidate any such
         insurance, and to pay to the Principal promptly on receipt the proceeds
         of any insurance claim made in respect thereof, holding the same
         pending such payment in the trust bank account referred to in Clause
         6.13.

         INVOICING OF CUSTOMERS, COLLECTING PAYMENT, DISPUTES

3.19     To issue invoices to customers (in a form suitable for value added tax
         or other sales tax purposes) in respect of the sale of Products under
         this Agreement, and to receive payment for the same.

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3.20     To take such action as the Principal may from time to time request to
         seek to collect the debts owing to the Principal by customers in the
         Territory or to assist the Principal in taking such action. In
         particular, the Agent shall utilise the weekly outstanding payment
         listings sent from the Principal to identify outstanding debts and take
         appropriate action.

3.21     Not without prior reference to the Principal (and then only acting
         strictly on the Principal's express instructions) on behalf of the
         Principal to take part in any dispute or commence or defend any court
         or other dispute proceedings or setyle or aytempt to setyle or make any
         admission concerning any such proceedings.

         INDEMNITY TO PRINCIPAL

3.22     To indemnify the Principal against any liabilities incurred by the
         Principal as a result of the Agent breaching any law from time to time
         in force in the Territory or the incurring of which is otherwise not
         authorised by the Principal hereunder.

         ALLOWING PRINCIPAL ACCESS TO PREMISES

3.23     To allow the Principal's authorised representatives at any reasonable
         time to have access to the Agent's premises (or to arrange for the
         Principal's authorised representatives to have access to other relevant
         premises) for the purpose of inspecting the Agent's books and records
         and for inspecting or taking stock of or possession of any of the
         Principal's property which is in the Agent's possession, custody or
         control.

4.       SALE OF PRODUCTS

4.1      All sales of the Products by the Agent on behalf of the Principal shall
         be on the Principal's standard terms and conditions for the sale of the
         Products in the Territory as varied from time to time (a copy of the
         current version of which is attached as Schedule 3) or on such other
         terms and conditions as the Principal may at any time specify in
         writing to the Agent.

4.2      The Agent shall, in the course of dealing with customers and
         prospective customers for the Products, bring to their notice the
         Principal's terms and conditions referred to in sub-clause 4.2.

4.3      The Agent shall not without the Principal's prior written consent make
         or give any representations, warranties or other promises concerning
         the Products beyond those contained in the Principal's standard terms
         and conditions referred to in sub-clause 4.2 above.

4.4      The Agent shall not become the owner of any Products nor of any other
         goods delivered from the Principal to the Agent.

4.5      The Principal and Agent shall 14 days before the beginning of each
         Quarter agree and target volumes for the next Quarter in relation to
         each of the Products.

4.6      Provided the Principal supplies the same under Clause 5.3.2, the Agent
         shall hold as stock adequate volumes of the Products so that it can
         meet orders from customers in a prompt manner and in accordance with
         the delivery timetables it has agreed and anticipates agreeing with
         them.

4.7      The Principal shall give the Agent 14 days' notice of any changes in
         the prices of the Products or in its standard terms and conditions of
         sale.

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4.8      The Principal will give the Agent at least 1 month's written notice of
         its intention to extend the range of Products or discontinue supplies
         to the Agent of any of them.

5.       PRINCIPAL'S UNDERTAKINGS

         The Principal undertakes and agrees with the Agent during the term of
         this Agreement:

         GENERALLY

5.1      To act at all times in its relations with the Agent dutifully and in
         good faith.

         INDEMNITY

5.2      Subject to the following and provided the Agent performs its
         obligations under this Agreement, to indemnify the Agent against any
         liabilities which the Agent may incur as a result of acting with
         reasonable care and skill within the scope of its authority under this
         Agreement as agent for the Principal.

         SALES OBLIGATIONS

5.3      To supply to the Agent:

         5.3.1    at the Principal's own expense such samples, sales literature
                  and other documentation and information and such technical,
                  market and other support as the Agent may from time to time
                  reasonably require for the purposes of promoting and selling
                  the Products and to enable it properly and efficiently to
                  discharge its duties under this Agreement;

         5.3.2    stocks of the Products delivered to the Agent's premises at
                  the Principal's expense in such volumes as the Principal may
                  decide and (subject to causes not within the Principal's
                  control) to replenish that stock as necessary.

5.4      Within a reasonable period of becoming aware of the same and subject to
         its rights thereunder, to perform any contracts for the sale of the
         Products made on its behalf by the Agent under this Agreement.

         DEALINGS WITH CUSTOMERS' COMPLAINTS ETC.

5.5      Promptly and efficiently to deal with any complaint or dispute or
         after-sales enquiry relating to the Products raised by a customer in
         the Territory.

         INFORMATION

5.6      Where appropriate, to inform the Agent within a reasonable time if any
         contract concluded on its behalf by the Agent will not be performed by
         it, and of the reason for such non-performance.

         5.7 To give the Agent reasonable notice if at any time it expects that
the volume of sales of the Products will be significantly lower than the volume
that the Agent would expect under normal circumstances.

6.       PAYMENTS

         GENERAL

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6.1      The Agent shall pay to the Principal a fixed price per unit as set out
         in Appendix A (the "Fixed Fee") of all Products for which the Agent
         concludes a sale contract on behalf of the Principal pursuant to and
         during the term of this Agreement.

6.2      The Fixed Fee shall become due to the Principal as soon as and to the
         extent that the Agent receives for immediate value from or on behalf of
         the customer the price in respect of the sale of the relevant Products.
         Where the relevant sale contract provides for payment of the price by
         installments, a proportionate part of the Fixed Fee shall become due to
         the Principal as soon as such installments are received for immediate
         value by the Agent, that proportion being equivalent to the proportion
         which such installments bear to the total contract price.

6.3      The Agent shall pay the Principal the Fixed Fee due under this
         Agreement by no later than 14 (fourteen) days after the receipt of
         payment from customer.

6.4      All sums payable under this Agreement are exclusive of any value added
         tax or other applicable sales tax, which shall be added to the sum in
         question. Where relevant a VAT invoice will be provided against any
         payment.

6.5      In the absence of contrary agreement, the Fixed Fee will be paid to the
         Principal in the same currency in which payment of the price under the
         relevant sale contract was made.

6.6      If any dispute arises as to the amount of payable by the Agent to the
         Principal, the same shall be referred to the Agent's auditors for
         settlement and their certificate shall be final and binding on both
         parties.

         CALCULATION OF THE FIXED FEE, ACCOUNTING AND METHOD OF PAYMENT

6.7      For the purposes of establishing the amount of the Fixed Fee due to the
         Principal:

         6.7.1    the Agent shall within 14 days after the end of each Month
                  send to the Principal a statement showing the aggregate Net
                  Price of each description of Products sold by the Agent on
                  behalf of the Principal during that Month and shall remit to
                  the Principal with such statement the Fixed Fee for that Month
                  without any set of or deduction;

6.8      The Agent shall collect and hold as trustee in a separate bank account
         in the name of the Agent but designated as a trust account for the
         Principal's benefit all moneys due to the Principal in respect of such
         sales or otherwise (except for any remitted directly by the customer to
         the Principal), shall transfer the same to the Principal without
         deduction pursuant to sub-clause 6.12.1, and shall account on demand to
         the Principal for any interest earned on credit balances from time to
         time in that account.

6.9      Each party shall keep separate accounts and records giving correct and
         adequate details of all enquiries received and transactions conducted
         by the Agent on the Principal's behalf and separate files of vouchers,
         invoices and receipts relevant to this Agreement, and shall permit the
         duly appointed representatives of the other party at all reasonable
         times to inspect all such accounts and records and to take copies
         thereof.

7. ADVERTISING AND PROMOTION

7.1      The Agent shall:

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         7.1.1    be responsible for the advertising and promotion of the
                  Products in the Territory, provided that the production and
                  use by the Agent of any advertising materials and promotional
                  literature in relation to the Products not provided by the
                  Principal shall be subject to the prior written consent of the
                  Principal;

         7.1.2    submit an annual advertising and promotion programme to the
                  Principal for its approval and arrange at its own expense and
                  spend a minimum sum of (pound)0 on the implementation of the
                  programme;

         7.1.3    display advertising materials and other signs provided by the
                  Principal;

         7.1.4    arrange and participate in exhibitions and fairs in the
                  Territory in accordance with the proposals submitted in 7.1.2
                  above.

         7.1.5    observe all directions and instructions given to it by the
                  Principal in relation to promotion and advertisement of the
                  Products, and shall not make any written statement as to the
                  quality or manufacture of the Products without the prior
                  written approval of the Principal.

7.2      The Principal shall provide the Agent with information on the
         advertising and promotion caried out by the Principal and with the
         materials, information and support refered to in Clause 5.3.1.

7.3      The Principal shall, where mutually agreed, participate with the Agent
         in fairs and exhibitions in the Territory.

7.4      The Principal reserves the right to advertise and promote the Products
         in the Territory.

8.       COMPLIANCE WITH LAWS AND REGULATIONS

8.1      The Principal warrants to the Agent that (i) the Products to be
         delivered to customers in the Territory will on arrival in the
         Territory comply with the Local Regulations concerning design,
         manufacture, construction, composition, packaging and labeling, being
         those in force at the date of this Agreement and that (i) provided that
         the Agent complies with its obligations under this Agreement and,
         subject to sub-clause 8.2, the Products may at the date of this
         Agreement be lawfully sold in the Territory.

8.2      The Agent shall be responsible for obtaining any licences,
         registrations, permits or approvals necessary or advisable for the
         importation, promotion and sale of the Products in the Territory. The
         Principal shall provide the Agent with reasonable assistance and
         support (including in particular technical advice and information) to
         that end.

8.3      The Agent shall comply with all Local Regulations concerning marketing
         and sale, and with all and any conditions binding upon it in any
         licences, registrations, permits and approvals referred to in
         sub-clause 8.2.

8.4      The Agent shall give the Principal as much advance notice as possible
         of any prospective or actual changes in the Local Regulations or any
         prospective or actual change in any condition in any licence,
         registration, permit or approval as referred to in sub-clause 8.2.

8.5      On receipt of notification from the Agent of any change in the Local
         Regulations, the Principal shall endeavour to ensure that the Products
         comply with that change, by the date of implementation of that change
         or as soon as is reasonably possible thereafter.

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9.       INTELLECTUAL PROPERTY

9.1      The Agent acknowledges that the Principal's rights to the Intellectual
         Property used on or in relation to the Products and the Principal's
         business and the goodwill connected with that are the Principal's
         property.

9.2      The Agent accepts that:

         9.2.1    it is only permitted to use the Intellectual Property for the
                  purposes of and during the term of this Agreement and only as
                  authorised by the Principal hereunder;

         9.2.2    other than to that extent, it has and will have no right to
                  use or to allow others to use the Intellectual Property or any
                  part of it. It shall not seek to register any Intellectual
                  Property on behalf of the Principal without the Principal's
                  express consent;

         9.2.3    it will not use any trade mark or trade names or get-up which
                  resemble the Principal's trade marks or trade names or get-up
                  and which would therefore be likely to confuse or to mislead
                  the public or any section of the public;

         9.2.4    it will not do or omit to do or authorise any third party to
                  do or to omit to do anything which could invalidate the
                  Intellectual Property;

         9.2.5    it will make a statement in any advertising material and
                  promotional literature produced by or for it in connection
                  with the Products as to the ownership of any relevant
                  Intellectual Property used or referred to therein.

9.3      The Agent shall notify the Principal of:

         9.3.1    any actual, threatened or suspected infringement in the
                  Territory of any Intellectual Property of which the Agent
                  becomes aware;

         9.3.2    any claim by any third party of which it becomes aware that
                  the importation or sale of the Products into or in the
                  Territory infringes any rights of any other person.

9.4      The Agent shall, at the request and expense of the Principal and on a
         full indemnity basis (but not otherwise), take all such steps during
         the term of this Agreement as the Principal may reasonably require to
         assist the Principal in maintaining the Intellectual Property as valid
         and effective or to take or defend any court or other dispute
         proceedings concerning intellectual property maters.

10.      PRODUCT LIABILITY AND INSURANCE

10.1     Subject to fulfillment by the Agent of its obligations under this
         Agreement, the Principal shall indemnify the Agent against any
         liability incurred by the Agent in respect of damage to property, death
         or personal injury arising from any fault or defect in the materials or
         workmanship of the Products and any reasonable costs, claims, demands
         and expenses arising out of or in connection with that liability (a
         "Relevant Claim"), except to the extent that the liability arises as a
         result of the action or omission of the Agent.

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10.2     The Principal shall maintain adequate product liability insurance for
         the duration of this Agreement with a reputable insurer and shall
         provide a copy of the insurance policy to the Agent upon request by the
         later.

10.3     The Agent shall, immediately it becomes aware of a mater which may
         result in a Relevant Claim (whether against the Agent or only against
         the Principal):

         10.3.1   give notice to the Principal of the details of the mater;

         10.3.2   afford access to the Principal and permit copies to be taken
                  of any materials, records or documents as the Principal may
                  require to take action under sub-clause 10.3.3;

         10.3.3   allow the Principal the exclusive conduct of any proceedings
                  and/or take whatever action as the Principal shall direct to
                  defend or resist the matter, including the use of professional
                  advisers nominated by the Principal; and

         10.3.4   not admit liability or settle the mater without the prior
                  written consent of the Principal.

10.4     The Agent undertakes to maintain appropriate up-to-date and accurate
         records to enable the immediate recall of any of the Products or any of
         them from the retail and/or wholesale markets. These records shall
         include records of deliveries to customers (including details of batch
         numbers, delivery date, name and address of customer, and telephone
         number and fax or telex number (and e-mail address if available)).

10.5     The Agent shall, at the Principal's cost, give such assistance as the
         Principal shall require for the purpose of recalling as a mater of
         urgency any quantities of the Products or any of them from the retail
         and/or wholesale market.

11.      DURATION AND TERMINATION

11.1     This Agreement shall come into effect on the Commencement Date and,
         subject to sub-clause 11.2, shall continue in force for an initial term
         of 2 Years and indefinitely thereafter until terminated by either party
         giving prior written notice in accordance with sub-clause 11.4 to
         expire on or after the expiry date of the initial term.

11.2     The Principal may give notice in writing to the Agent terminating this
         Agreement with immediate effect if:

         11.2.1   the Agent commits any serious breach of any of the terms of
                  this Agreement and that breach (if capable of remedy) is not
                  remedied within fifteen (15) working days of notice being
                  given by the Principal requiring it to be remedied;

         11.2.2   the Agent fails in any Year to meet the Minimum Sales Target
                  for that Year.

         11.2.3   an order is made or a resolution is passed for the winding- up
                  of the Agent or an order is made for the appointment of an
                  administrator to manage the affairs, business and property of
                  the Agent or a receiver and/or manager or administrative
                  receiver is appointed in respect of all or any of the Agent's
                  assets or undertaking or circumstances arise which entitle the
                  Court or a creditor to appoint a receiver and/or manager or
                  administrative receiver or which entitle the Court to make a
                  winding-up or bankruptcy order or the Agent takes or suffers
                  any similar or analogous action in consequence of debt;

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         11.2.4   there is a change of Control of the Agent;

         11.2.5   the Agent ceases, or threatens to cease, to carry on business;

         11.2.6   the Agent purports to assign its rights or obligations under
                  this Agreement;

         11.2.7   the Principal ceases to produce or distribute generally the
                  Products;

         11.2.8   if the Agent being an individual reaches the normal retiring
                  age for agents in this sector in the Territory or in any event
                  the age of 65 or dies.

11.3     For the avoidance of doubt, a breach of any of Clauses 6 and 13 is a
         serious breach for the purposes of sub-clause 11.2.1.

11.4     For the purposes of sub-clause 11.1, the period of notice shall be not
         less than:

         11.4.1   one month for the first Year;

         11.4.2   two months for the second Year;

         11.4.3   three months for the third Year; and

         11.4.4   three months if the Agreement lasts longer than three years,

                  and for the purpose of this clause, (i) the length of this
                  Agreement is the aggregate of the initial term of the
                  Agreement and any subsequent period of this Agreement; and (i)
                  the end of the period of written notice need not coincide with
                  the end of a calendar month.

12.      EFFECTS OF TERMINATION

12.1     Termination of this Agreement however caused shall be without prejudice
         to any rights or liabilities accrued at the date of termination.

12.2     Upon termination of this Agreement for any reason,

         12.2.1   if and to the extent that the Commercial Agents (Council
                  Directive) Regulations 1993 (as from time to time amended)
                  apply, and provided that the Agent gives notice of its
                  intention as required thereunder, the Agent shall, unless any
                  of the circumstances mentioned in Regulation 18 of those
                  Regulations applies, have the right to be indemnified as
                  provided in Regulation 17 of those Regulations. For the
                  avoidance of doubt, the Agent shall have no right to any
                  compensation under those Regulations upon termination of this
                  Agreement.

         12.2.2   the Agent shall cease to promote, market, advertise or sell
                  the Products.

         12.2.3   the Agent shall immediately cease to describe itself as an
                  agent of the Principal and cease to use all trade marks or
                  trade or brand names of the Principal (including without
                  limitation on stationery and vehicles).

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         12.2.4   the Agent shall at its own expense within 30 days return to
                  the Principal all stocks of the Products (other than any for
                  which it has accepted orders from customers before the date of
                  termination), samples and any advertising, promotional or
                  sales material relating to the Products then in the possession
                  of the Agent or otherwise dispose of the same as the Principal
                  may instruct.

12.3     For the avoidance of doubt, the provisions of Clause 6 shall,
         notwithstanding termination, continue in force in relation to all sales
         of the Products where the sale has been concluded before the date of
         termination.

12.4     Termination shall not affect the operation of Clause 2.8 (restrictive
         covenant), Clause 5.2 (principal's indemnity in respect of agent's
         liabilities properly incurred prior to termination), Clauses 9.1 and
         9.2 (Intellectual Property), Clause 10.1 (Product Liability) and Clause
         13 (Confidentiality) which shall remain in full force and effect.

12.5     Subject as herein provided and to any rights or obligations accrued
         prior to termination, neither party shall have any further obligation
         to the other under this Agreement.

13.      CONFIDENTIALITY

13.1     The Agent agrees that it will at all times (both during the term of
         this Agreement and after its termination) keep confidential, and will
         not use (other than strictly for the purposes of this Agreement) and
         will not without the prior written consent of the Principal disclose to
         any third party any Confidential Information, unless the information:

         13.1.1   was public knowledge or already known to the Agent at the time
                  of disclosure; or

         13.1.2   subsequently becomes public knowledge other than by breach of
                  this Agreement; or

         13.1.3   subsequently comes lawfully into the possession of the Agent
                  from a third party.

13.2     To the extent necessary to implement the provisions of this Agreement
         (but not further or otherwise), the Agent may disclose the Confidential
         Information to any customers or prospective customers, to any relevant
         governmental or other authority or regulatory body, and (where the
         Agent is a body corporate), and to any employees of the Agent provided
         that before any such disclosure the Agent shall make those persons
         aware of its obligations of confidentiality under this Agreement and
         shall use its best endeavours to obtain a binding undertaking as to
         confidentiality from all such persons.

13.3     All documents and other records (in whatever form) containing
         Confidential Information supplied to or acquired by the Agent from the
         Principal shall be returned promptly to the Principal on termination,
         and no copies shall be kept.

14.      FORCE MAJEURE

14.1     The obligations of each party under this Agreement shall be suspended
         during the period and to the extent that that party is prevented or
         hindered from complying with them by any cause beyond its reasonable
         control including (insofar as beyond such control but without prejudice
         to the generality of the foregoing expression) strikes, lock-outs,
         labour disputes, act of God, war, riot, civil commotion, malicious
         damage, compliance with any law or governmental order, rule, regulation
         or direction, accident, breakdown of plant or machinery, fire, flood,
         storm, difficulty or increased expense in obtaining workmen, materials,
         goods or raw materials in connection with the performance of this
         Agreement.

                                      -12-

<PAGE>

14.2     In the event of either party being so hindered or prevented, the party
         concerned shall give notice of suspension as soon as reasonably
         possible to the other party stating the date and extent of the
         suspension and its cause and the omission to give such notice shall
         forfeit the rights of that party to claim suspension. Any party whose
         obligations have been suspended as aforesaid shall resume the
         performance of those obligations as soon as reasonably possible after
         the removal of the cause and shall so notify the other party. In the
         event that the cause continues for more than six months either party
         may terminate this Agreement by giving the other party 30 days' notice.

15.      ENTIRE AGREEMENT

         This Agreement constitutes the entire understanding between the parties
         with respect to the subject mater of this Agreement and supersedes al
         prior agreements, negotiations and discussions between the parties
         relating to it.

16.      AMENDMENTS

         Save as expressly provided in this Agreement, no amendment or variation
         of this Agreement shall be effective unless in writing and signed by a
         duly authorised representative of each of the parties to it.

17.      ASSIGNMENT

         Notwithstanding the provisions of clause 2.3 the Agent shall not
         without the prior written consent of the Principal assign, transfer,
         charge or deal in any other manner with this Agreement or its rights
         under it or part of it, or purport to do any of the same, nor
         sub-contract or delegates of any or all of its obligations under this
         Agreement.

18.      FREEDOM TO CONTRACT

         The parties declare that they each have the right, power and authority
         and have taken all action necessary to execute and deliver, and to
         exercise their rights and perform their obligations under this
         Agreement.

19.      WAIVER

         The failure of a party to exercise or enforce any right under this
         Agreement shall not be deemed to be a waiver of that right nor operate
         to bar the exercise or enforcement of it at any time or times
         thereafter.

20.      SEVERABILITY

         If any part of this Agreement becomes invalid, illegal or unenforceable
         the parties shall in such an event negotiate in good faith in order to
         agree the terms of a mutually satisfactory provision to be substituted
         for the invalid, illegal or unenforceable provision which as nearly as
         possible gives effect to their intentions as expressed in this
         Agreement. Failure to agree on such a provision within six months of
         commencement of those negotiations shall result in automatic
         termination of this Agreement. The obligations of the parties under any
         invalid, illegal or unenforceable provision of the Agreement shall be
         suspended during such a negotiation.

                                      -13-

<PAGE>

21.      THIRD PARTY RIGHTS

         A person who is not a party to this Agreement has no right under the
         Contracts (Rights of Third Parties) Act 1999 to enforce any term of
         this Agreement.

22.      NOTICES

         Any notice required to be given pursuant to this Agreement shall be in
         writing and shall be given by delivering the notice by hand at, or by
         sending the same by prepaid first class post (airmail if to an address
         outside the country of posting) to the address of the relevant party
         set out in this Agreement or such other address as either party
         notifies to the other from time to time. Any notice given according to
         the above procedure shall be deemed to have been given at the time of
         delivery (if delivered by hand) and when received (if sent by post).

23.      GOVERNING LAW AND JURISDICTION

         This Agreement shall be governed by and construed in accordance with
         English law and each party hereby irrevocably submits to the exclusive
         jurisdiction of the English Courts.

AS WITNESS the hands of the duly authorised representatives of the parties
hereto the day and year first above written.

                                      -14-

<PAGE>

                                   SCHEDULE 1

(The Products)

                                   SCHEDULE 2

 (The Territory)

                                   SCHEDULE 3

1. The Parties will maintain and co-operate in the following activities:
------------------------------------------------------------------------

PIVX SOLUTIONS

         o        Incur the cost for white labeling the product (excluding
                  testing/QA)

         o        Provide "Preview" free and customize the links back to
                  Prevention's website

         o        Provide "PreView" for an agreed Non Recoverable Expense amount
                  for white labeling with the net value shared 50 50.

         o        Proactively market and sell to our client base worldwide

         o        Offer the suite on our website

         o        Marketing Launch campaign to include:

                  o        Creating marketing materials

                  o        Press release

                  o        Mailings

                  o        Call Campaign

                  o        Webcast seminars

         o        Actively market and sell to our Enterprise, SMB, Government,
                  Academic and ISP targets

         o        Actively market and sell to known account opportunities that
                  want a security suite

         o        Actively recruit resellers to include the security suite on
                  their line card of solution offerings

         o        Provide training and support to our local partners and to
                  Prevention

PREVENTON TECHNOLOGIES LTD

         o        Include PreEmpt and Preview in Prevention's security bundle
                  targeted for their ISP clients

                                      -15-

<PAGE>

         o        Perform the testing and Q/A needed for integrating the white
                  labeled solution into the security suite

         o        Marketing Launch campaign to include:

                  o        Press release

                  o        Mailings

                  o        Call Campaign

                  o        Webcast seminars

         o        Actively market and sell to your client base

         o        Actively market and sell to your pipeline of opportunities
                  (specifically the ISP prospects)

         o        Provide training and support to local partners and PivX tech
                  support group

         o        Support PivX in recruiting additional qualified resellers
                  within the EMEA market.

SIGNED by                               )
for and on behalf of                    )
PREVENTIONS TECHNOLOGIES                )
LIMITED in the presence of:             )

SIGNED by                               )
for an on behalf of PIVX SOLUTIONS      )
INC in the presence of:                 )

                                      -16-

<PAGE>

Appendix A

Product             Keys issued (per month)               Fixed Fee to Principal
-------             -----------------------               ----------------------

PreView             0-5000                                  $0.00
                    5001-20000                              $0.00
                    20001-50000                             $0.00
                    50001-100000                            $0.00
                    100001-250000                           $0.00
                    250001-1000000                          $0.00
                    1000000+                                $0.00

PreEmpt             0-5000                                  $0.45
                    5001-20000                              $0.43
                    20001-50000                             $0.42
                    50001-100000                            $0.40
                    100001-250000                           $0.38
                    250001-1000000                          $0.36
                    1000000+                                $0.34

Any PivX product wrapped by Prevention and sold by PivX worldwide will be deemed
to include a twelve and a half percent (12.5%) commission on the sale price to
PivX's customer which will be remitted to Prevention.

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