Document:

EXHIBIT 10(q)

                 THIRD AMENDMENT AND WAIVER TO CREDIT AGREEMENT

     THIRD AMENDMENT AND WAIVER TO CREDIT AGREEMENT, dated as of November 16,
2000, (this "Amendment and Waiver"), among BOUNDLESS TECHNOLOGIES, INC.
("Boundless Technologies"), BOUNDLESS MANUFACTURING SERVICES, INC. ("BMS";
collectively with Boundless Technologies, the "Co-Borrowers"), BOUNDLESS
ACQUISITION CORP. ("BAC") and BOUNDLESS CORPORATION ("BC" collectively, with
BAC, the "Guarantors") and THE CHASE MANHATTAN BANK, SILICON VALLEY BANK and
NATIONAL BANK OF CANADA (collectively, the "Banks") and THE CHASE MANHATTAN
BANK, as agent for the Banks (in such capacity, the "Administrative Agent").

                                    RECITALS:

     A. The Co-Borrowers, the Guarantors, the Banks and the Administrative Agent
are parties to that certain Second Amended and Restated Credit Agreement and
Guaranty, dated as of May 25, 2000, as amended by the Amendment and Waiver to
Credit, dated as of July 31, 2000 and the Second Amendment to Credit Agreement,
dated as of November 7, 2000 (as same may be further amended, restated,
supplemented and otherwise modified, from time to time, "Credit Agreement").

     B. The Co-Borrowers have requested that the Banks (a) amend certain
provisions of the Credit Agreement and (b) waive compliance with certain
provisions of the Credit Agreement, and the Banks have agreed to such amendments
and waivers subject to the terms and conditions of this Amendment and Waiver.

     C. Any capitalized terms used herein and not defined herein shall have the
meanings ascribed to such terms in the Credit Agreement.

     NOW, THEREFORE, the parties hereto agree as follows:

                                   ARTICLE 1.
                         AMENDMENTS TO CREDIT AGREEMENT

     The amendments set forth in this Amendment and Waiver shall be deemed to be
an amendment to the Credit Agreement and shall not be construed in any way as a
replacement or substitution therefor. All of the terms and provisions of this
Amendment and Waiver are hereby incorporated by reference into the Credit
Agreement as if such terms were set forth in full therein.

     Section 1.1 Section 1.01 of the Credit Agreement is hereby amended to add
the following new defined terms in their appropriate alphabetical order:

     "Blocked Account" shall have the meaning set forth in Section 15.01(a).

     "Co-Borrowers' Account" shall have the meaning set forth in Section 15.04.

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     "Customer" shall mean and include the account debtor or obligor with
     respect to any Account.

     "Lockbox" shall have the meaning set forth in Section 15.01(a).

     "Settlement Date" shall have the meaning set forth in Section 2.04.

     Section 1.2. Section 1.01 of the Credit Agreement is hereby further amended
by amending and restating the definition of "Borrowing Base" to provide in its
entirety as follows:

              "Borrowing Base" means an amount equal to the sum of (1) eighty
              percent (80%) of the face amount of all Eligible Accounts of the
              Revolving Credit Borrowers plus (2) the lesser of (a) (i) thirty
              percent (30%) of Eligible Inventory of the Co-Borrowers (other
              than Eligible Inventory which is described in clause (2)(a)(ii))
              plus (ii) fifty percent (50%) of BMS's Eligible Inventory which is
              the subject of the Supply Agreement or (b) $5,000,000; provided,
              that the Required Banks may increase or decrease such percentages
              and the foregoing inventory limitation, if, after review of each
              field audit of the Co-Borrowers' receivables, inventory and
              related books and records, the Required Banks determine that there
              has been a material change in the quality of the Co-Borrowers'
              inventory or receivables. Any such revision to advances rates or
              to the inventory limitation would become effective thirty (30)
              days after notice of such change is delivered to the Co-Borrowers,
              unless a Default or Event of Default is then existing, in which
              case such revision shall be effective immediately upon delivery of
              such notice. For purposes of determining the Borrowing Base
              Eligible Inventory will be valued in accordance with GAAP.
              Notwithstanding the foregoing, it is hereby acknowledged and
              agreed that the advance rates with respect to Eligible Accounts
              may be reduced at any time by the Administrative Agent in its
              reasonable discretion if a receivable dilution percentage in
              excess of eight (8%) percent is confirmed in any field examination
              conducted by or on behalf of the Administrative Agent and reserves
              may be reasonably established at any time by the Administrative
              Agent in its sole and reasonable discretion including, without
              limitation, reserves with respect to (x) exposure under foreign
              exchange contracts, hedging and other financial instruments and
              (y) collateral locations for which landlord waiver and consent
              agreements in form and substance satisfactory to the
              Administrative Agent have not been obtained.

     Section 1.3 Section 1.01 of the Credit Agreement is hereby further amended
by amending and restating the definition of "Eligible Account" to provide in its
entirety as follows:

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     "Eligible Account" means an Account owing to the Revolving Credit
Borrowers, or either of them, now existing or hereafter arising, which Account
met the following specifications at the time it came into existence and
continues to meet the same until it is collected in full:

     (1) Not more than ninety (90) days have elapsed since the invoice on such
Account was issued; the invoice on such Account was issued within thirty (30)
days after goods were sold or services rendered which generated the Account; the
Account is not more than ninety (90) days past due; and, not more than 50% of
all Accounts owing from the Account debt or on such Account are unpaid more than
90 days past their invoice date;

     (2) The Account arose from the outright sale of goods or from the
performance of services by a Co-Borrower; such goods have been received by the
Account debtor or the services rendered to such Account debtor, as applicable;
such Account is evidenced by such invoices, shipping documents, or other
instruments ordinarily used in the trade; and no return, rejection or
repossession has occurred, and such goods or services have been finally accepted
by the Account debtor without dispute;

     (3) The Account is not subject to any Lien, except a Lien in favor of the
Administrative Agent for the benefit of the Bank Parties; and the Account is
subject to a first priority perfected Lien in favor of the Administrative Agent
for the benefit of the Banks;

     (4) The Account is a valid and legally enforceable obligation of the
Account debtor and is not subject to credit, allowance, defense, offset,
counterclaim or adjustment by the Account debtor, other than any discount
allowed for prompt payment, except to the extent the aggregate maximum amount of
all of the foregoing have been deducted in determining the amount of such
Account for purposes of determining the Borrowing Base;

     (5) The Account arose in the ordinary course of business of a Co-Borrower,
and no notice of the bankruptcy, insolvency, failure, or suspension or
termination of business of the Account debtor has been received by the
Co-Borrowers, unless the Administrative Agent is satisfied that such Account is
a post-petition account and that such Account debtor is the subject of
debtor-in-possession financing;

     (6) The Account constitutes an "account" or "chattel paper" within the
meaning of the Uniform Commercial Code of the State in which the Account is
located;

     (7) (i) the Account debtor with respect to an Account has not asserted that
the Account, and the Co-Borrowers are not aware that the account, (x) arises out
of a bill and hold (unless the Administrative Agent shall have been provided
with a letter from the applicable Account Debtor confirming that such Account
debtor is obligated to pay for the goods even though not yet delivered to the
Account Debtor), consignment or progress billing arrangement or (y) is subject
to any set-off, contra, net-out contract, offset, deduction, dispute, credit,
counterclaim or other defense arising out of the transaction represented by the
Account or otherwise (provided, that any Account deemed ineligible pursuant to
this clause (7)(i)(y) shall only be ineligible to the extent of the applicable
set off, contra, offset, deduction, dispute, credit, counterclaim or other
defense) or (ii) if the Account debtor has not finally accepted the goods from
the sale out of which the Account arose, the Co-Borrowers are not aware that the
Account debtor has objected to its liability thereon or returned, rejected or
repossessed any such goods,

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except for complaints made and goods returned in the ordinary course of business
for which, in the case of goods returned, goods of equal or greater value have
been shipping in return;

     (8) The Account debtor is not an Affiliate of any Co-Borrower;

     (9) The Account debtor is not a supplier (or an Affiliate of a supplier) of
goods or services to the Co-Borrowers, unless such Account debtor has entered
into a written agreement with such Co-Borrower pursuant to which such Account
debtor or its Affiliate waives its right to assert any defense, offset,
counterclaim or adjustment with respect to its obligation to pay such Account,
provided that in the event that the Account due from an Account debtor is
greater than the amount payable by a Co-Borrower to such Account debtor the
Administrative Agent may, in its sole discretion, require a reserve for the
difference thereof;

     (10) The Account otherwise conforms to all representations, warranties and
other provisions of this Agreement and the Security Agreement;

     (11) The Account debtor is not a Governmental Authority, unless the
applicable Co-Borrower duly assigns its rights to payment of such Account to the
Administrative Agent for the benefit of the Banks pursuant to the Assignment of
Claims Act of 1940, as amended, which assignment and related documents and
filings shall be in form and substance satisfactory to the Administrative Agent;

     (12) The Account debtor is a resident of the United States or of any
province of Canada other the province of Quebec (each, a "Permitted
Jurisdiction") or, in the case where the Account debtor is not a resident of a
Permitted Jurisdiction, the obligations of the Account debtor on such Account is
fully covered by a letter of credit denominated in Dollars issued for the
benefit of the relevant Co-Borrower by banks reasonably acceptable to the
Required Banks or the obligations of the Account Debtor on such Account are
fully covered by credit insurance policies issued by insurance companies
acceptable to the Required Banks and such policy is in form and substance
acceptable to the Required Banks; and

     (13) The Agent in its sole discretion has not deemed the Account debtor
unsatisfactory because of such Account debtor's inability to repay amounts owing
under its Account.

     Notwithstanding anything to the contrary, (i) Accounts owing from Internet
Applicable Network, Inc. shall not be deemed Eligible Accounts, (ii) Accounts
owing from (A) IBM Corp., Hewlett Packard, Compaq Corp. and Lucent Technologies
shall be deemed ineligible to the extent they exceed 15% of all Accounts of the
Revolving Credit Borrowers and (B) Accounts owing from any other Account debtor
shall be deemed ineligible to the extent they exceed 10% of all Accounts of the
Revolving Credit Borrowers and (iii) the Administrative Agent may, in its sole
discretion, require such reserves against Eligible Accounts, that it reasonably
deems necessary and proper from time to time."

     Section 1.4. Section 1.01 of the Credit Agreement is hereby further amended
by deleting the last paragraph of the definition of "Eligible Inventory" and
substituting the following in its place:

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              "Notwithstanding anything to the contrary, the Administrative
              Agent may, in its sole discretion, require such reserves against
              Eligible Inventory that it reasonably deems necessary and proper
              from time to time."

     Section 1.5. Section 1.01 of the Credit Agreement is hereby further amended
by amending and restating the definition of "Revolving Credit Facility (Letters
of Credit)" to provide in its entirety as follows:

              "Revolving Credit Facility (Letters of Credit) shall mean the
              lesser of (a) Five Million Dollars ($5,000,000) or (b) the
              Revolving Credit Facility less the aggregate outstanding principal
              amount of all outstanding Revolving Credit Loans, together with
              all accrued interest and fees related thereto.

     Section 1.6. Section 2.01 of the Credit Agreement is hereby amended by
inserting the following after the first sentence thereof:

              "Notwithstanding the foregoing, the Administrative Agent (without
              the consent of the Required Banks) may, but shall not be obligated
              to, permit the Co-Borrowers to have Revolving Credit Loans
              outstanding in an aggregate principal amount in excess of the
              Borrowing Base less the aggregate amount of all outstanding Letter
              of Credit Obligations (an "Overadvance"); provided, that (i) such
              Overadvance shall not continue for a period exceeding thirty (30)
              days; (ii) such Overadvance shall not exceed $750,000 at any time,
              and (iii) in no event shall the aggregate outstanding principal
              balance of Revolving Credit Loans exceed the Revolving Credit
              Facility less the aggregate amount of all outstanding Letter of
              Credit Obligations." Section

     1.7. Section 2.04 of the Credit Agreement is hereby amended and restated to
provide in its entirety as follows:

              Section 2.04. Notice and Manner of Borrowing. The Revolving Credit
              Borrowers and the Term Loan Borrower shall give the Administrative
              Agent at least three (3) Banking Days, written or telegraphic or
              facsimile notice (effective upon receipt) of any Loan to which the
              LIBOR Interest Rate applies. The Revolving Credit Borrowers and
              the Term Loan Borrower shall give the Administrative Agent written
              or telegraphic or facsimile notice (effective upon receipt) of any
              Loan to which the Base Rate applies by not later than 10:00 A.M.
              (New York time) on the date of such Loan. Each of the foregoing
              notices (a "Borrowing Notice") must specify: (1) the date and the
              amount of such Loan; (2) either that the Loan will bear interest
              at (a) the Base Rate plus the Applicable Margin or (b) the LIBOR
              Interest Rate plus the Applicable Margin; and (3) in the case of a
              LIBOR Loan, the initial Interest Period applicable thereto. In
              addition to Revolving Credit Loans funded by the Banks pursuant to
              a Borrowing Notice, a Revolving Credit Loan shall be deemed

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              requested by the Revolving Credit Borrower each time that a draft
              is presented for payment to any account of the Co-Borrower
              maintained with the Administrative Agent (including the Blocked
              Account), including, but not limited to any payments made on
              account of overdrafts. The Administrative Agent will promptly
              notify each Bank of receipt by the Administrative Agent of a
              Borrowing Notice and of the contents thereof. Each borrowing of an
              LIBOR Loan shall be an amount not less than $500,000 or whole
              multiples of $100,000 in excess thereof. Except for borrowings
              which utilize the full remaining amount of the Total Commitment,
              each borrowing of a Base Rate Loan shall be in an amount not less
              than $500,000, or if greater, whole multiples of $100,000 in
              excess thereof. Not later than noon (New York time) on the date of
              a LIBOR Loan and 3:00 P.M. (New York time) on the date of a Base
              Rate Loan, and upon fulfillment of the applicable conditions set
              forth in Article VII, the Administrative Agent will make such Loan
              available to the Revolving Credit Borrowers and the Term Loan
              Borrower, as applicable, in immediately available funds by
              crediting the amount thereof to an account of the Co-Borrowers
              with the Administrative Agent.

              In order to minimize the frequency of transfers of funds between
              the Administrative Agent and each Bank, Loans and payments may be
              settled according to the following procedures: on the fourth
              Banking Day of each week or more frequently (including daily), if
              the Administrative Agent so elects (each such day being a
              "Settlement Date"), the Administrative Agent will advise each Bank
              by telephone, telex or telecopy of the amount of each such Bank's
              actual dollar investment and its ratable portion (based on its
              applicable Pro Rata Share) of the outstanding principal balance of
              Loans as of the close of business on the Banking Day immediately
              preceding the Settlement Date. In the event that payments are
              necessary to adjust the amount of such Bank's actual dollar
              investment in the outstanding principal balance of Loans to such
              Bank's ratable portion (based on its applicable Pro Rata Share) of
              the outstanding principal balance of Loans as of any Settlement
              Date, the party from which such payment is due will pay the other,
              in immediately available funds, by wire transfer to the other's
              account not later than 1:00 P.M. (New York time) on the Banking
              Day immediately following the Settlement Date. Notwithstanding the
              foregoing, if the Administrative Agent so elects, the
              Administrative Agent may require that each Bank make its ratable
              portion (based on its applicable Pro Rata Share) of any requested
              Revolving Credit Loan available to the Administrative Agent for
              disbursement on the date of funding applicable to such Revolving
              Credit Loan in accordance with Section 2.01 hereof.
              Notwithstanding these procedures, each Bank's obligation to fund
              its portion of each Revolving Credit Loan made by the

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              Administrative Agent to any Revolving Credit Borrower will
              commence on the date such advance is made by the Administrative
              Agent.

     Section 1.8. The first sentence of Section 2.05 of the Credit Agreement is
hereby amended by adding the phrase "or will make" immediately following the
phrase "has made" on the fifth line thereof.

     Section 1.9. Section 2.08 of the Credit Agreement is hereby amended by
adding the following new subsections "(e)" and "(f)" at the end thereof:

              "(e) Collateral Administration Fee. Monthly, on the 1st day of
              each calendar month, pay to the Administrative Agent for its own
              account as collateral administration fee of $2,500.

              (f) Customary Fees. Pay to the Administrative Agent for its own
              account, on demand, all usual and customary fees and expenses
              which the Administrative Agent incurs in connection with the
              establishment and maintenance of the Lockbox and the Blocked
              Account of the Co-Borrowers.

              The Administrative Agent may, without making demand therefore,
              debit the Co-Borrowers' account for all such fees and expenses."

     Section 1.10. Section 2.12 of the Credit Agreement is hereby amended by
inserting the following paragraph at the end thereof:

              "Notwithstanding the foregoing, the Co-Borrowers authorize the
              Administrative Agent to apply monies deposited in the Blocked
              Account (as defined in Section 15.01 hereof) to reduce the
              outstanding principal balance of all Revolving Credit Loans made
              hereunder in accordance with Section 15.01. Furthermore, the
              Co-Borrowers hereby authorize the Administrative Agent to pay any
              installment of a Term Loan hereunder by increasing the outstanding
              principal amount of Revolving Credit Loans hereunder."

     Section 1.11. Section 9.07 of the Credit Agreement is hereby amended and
restated to provide in its entirety as follows:

              Section 9.07. Right of Inspection. Upon reasonable notice to the
              Co-Borrowers and during normal business hours and as often as
              reasonably required, permit Administrative Agent to conduct field
              examinations or collateral audits of the Co-Borrowers assets, and
              to permit the Administrative Agent or any Bank or any agent or
              representative thereof, to examine and make copies and abstracts
              from the records and books of account of, and visit the properties
              of, any Credit Party and to discuss the affairs, finances and

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              accounts of such Credit Party with any of its officers and
              directors and such Credit Party's independent accountants.

     Section 1.12. Section 9.08(8) of the Credit Agreement is hereby amended and
restated to provide in its entirety as follows:

              "(8) Audits and Cycle Count Reports. (a) Upon the request of the
              Required Banks, updated audits of inventory, accounts receivable
              and/or equipment conducted by parties acceptable to and engaged by
              the Administrative Agent, all costs, expenses and charges in
              connection therewith shall be paid by the Co-Borrowers in
              connection with Section 14.03; and (b) as soon as available, and
              in any event within ten (10) days after the end of each Fiscal
              Quarter, copies of all inventory "cycle count" reports prepared by
              the Co-Borrowers during the Fiscal Quarter then ended."

     Section 1.13. Section 9.08(14) of the Credit Agreement is hereby amended by
deleting the word "quarter" on the third line thereof and replacing it with the
word "month".

     Section 1.14. Section 12.01(1) of the Credit Agreement is hereby amended
and restated to provide in its entirety as follows:

              "(1) any Credit party shall fail to: (a) pay the principal of or
              interest on any Note, (b) reimburse Chase on a Letter of Credit,
              (c) make any of the prepayments required by Section 2.11 or (d)
              pay any fees or expenses required to be paid under the terms of
              any of the Loan Documents, as and when due and payable;"

     Section 1.15. Section 14.03 of the Credit Agreement is hereby amended by
deleting the second paragraph therefrom and inserting the following in its
place:

              The Co-Borrowers agree to reimburse the Administrative Agent on
              demand for all costs, expenses and charges incurred by the
              Administrative Agent in connection with conducting an inspection
              or audit in accordance with Section 9.07 and Section 9.08(8);
              however, if no Default or Event of Default has occurred and is
              continuing, the Co-Borrowers will only be required to make such
              reimbursement for three (3) such inspections or audits in any
              Fiscal Year.

     Section 1.16. The Credit Agreement is further amended by adding the
following new Article XV at the end thereof as follows:

                                   ARTICLE XV
                      MANAGEMENT, COLLECTION AND STATUS OF
                          ACCOUNTS AND OTHER COLLATERAL

     SECTION 15.01. Collection of Accounts; Management of Collateral.

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     (a) The Co-Borrowers will, at their own cost and expense, (i) arrange for
remittances on Accounts to be made directly to a post office box under the
Administrative Agent's sole dominion and control established by the Co-Borrowers
(the "Lockbox"), and (ii) promptly deposit all payments received by any
Co-Borrower on account of Accounts, whether in the form of cash, checks, notes,
drafts, bills of exchange, money orders or otherwise, into a blocked account
under the Administrative Agent's sole dominion and control established by the
Co-Borrowers at Chase (the "Blocked Account"), in precisely the form received
(but with any endorsements of the applicable Co-Borrower necessary for deposit
or collection), subject to withdrawal by the Administrative Agent only, as
hereinafter provided, and until such payments are deposited, such payments shall
be deemed to be held in trust by the Co-Borrowers for and as the Banks' property
and shall not be commingled with the Co-Borrowers' other funds. All remittances
and payments that are deposited in the Blocked Account will be applied by the
Administrative Agent to reduce the outstanding principal balance of Revolving
Credit Loans (or if such balance is reduced to zero, to be held by the
Administrative Agent as cash collateral for the benefit of the Banks, subject to
withdrawal by the Co-Borrowers provided no Default or Event of Default shall
have occurred and be continuing or would occur after giving effect to such
withdrawal) of the Loans owing to the Banks, subject to final collection in cash
of the item deposited and subject to the assessment of a one day collection
charge; provided, however, that so long as no Default or Event of Default shall
have occurred and be continuing, the Co-Borrowers shall not apply any
remittances or payments to prepay any LIBOR Loan until the last day of the
Interest Period with respect thereto and pending such application such amount
shall be held by the Administrative Agent as cash collateral for the benefit of
the Banks. The Administrative Agent may charge the Co-Borrowers' account for the
amount of any item of payment which is returned to Administrative Agent unpaid
or otherwise dishonored. The Administrative Agent shall not be required to
deposit any check which bears the legend "Payment in Full" or words of similar
import, unless the Co-Borrowers shall have previously informed the
Administrative Agent to accept such check.

     Upon the occurrence of an Event of Default, the Administrative Agent, on
behalf of the Banks, may send a notice of assignment and/or notice of the
security interest in favor of the Administrative Agent for the ratable benefit
of the Banks, to any and all Customers or any third party holding or otherwise
concerned with any of the Collateral, and thereafter the Administrative Agent
shall, on behalf of the Banks, have the sole right to collect the Accounts
and/or take possession of the Collateral and the books and records relating
thereto. No Co-Borrower shall, without the Administrative Agent's prior written
consent, grant any extension of the time of payment of any Account, compromise
or settle any Account for less than the full amount thereof, release, in whole
or in part, any person or property liable for the payment thereof, or allow any
credit or discount whatsoever thereon except, prior to the occurrence and
continuance of an Event of Default, as permitted by Section 15.03 hereof.

     (b) (i) Each Co-Borrower hereby constitutes the Administrative Agent or the
Administrative Agent's designee as such Co-Borrower's attorney-in-fact with
power to endorse the Co-Borrowers' name upon any notes, acceptances, checks,
drafts, money orders or other evidences of payment or Collateral that may come
into possession; to sign such Co-Borrower's name on any invoice or bill of
lading relating to any Accounts, drafts against Customers, assignments and
verifications of Accounts and notices to Customers; to send verifications of
Accounts; upon the occurrence of an Event of Default, to notify the Postal
Service authorities to

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change the address for delivery of mail addressed to such Co-Borrower to such
address as the Administrative Agent may designate; and to do all other acts and
things necessary to carry out this Agreement. All acts of said attorney or
designee are hereby ratified and approved, and said attorney or designee shall
not be liable for any acts of omission or commission, for any error of judgment
or for any mistake of fact or law, provided that the Administrative Agent or its
designee shall not be relieved of liability to the extent it is determined by a
final judicial decision that its act, error or mistake constituted gross
negligence or willful misconduct. This power of attorney being coupled with an
interest is irrevocable until all of the Obligations are finally and
indefeasibly paid in full and this Agreement and the right to request Loans
hereunder is terminated.

          (ii) The Administrative Agent, without notice to or consent of the
Co-Borrowers, upon the occurrence and during the continuance of an Event of
Default, (A) may sue upon or otherwise collect, extend the time of payment of,
or compromise or settle for cash, credit or otherwise upon any terms, any of the
Accounts or any securities, instruments or insurance applicable thereto and/or
release the obligor thereon; (B) is authorized and empowered to accept the
return of the goods represented by any of the Accounts; and (C) shall have the
right to receive, endorse, assign and/or deliver in its name or the name of the
Co-Borrowers, or any of them, any and all checks, drafts and other instruments
for the payment of money relating to the Accounts, and each Co-Borrower hereby
waives notice of presentment, protest and non-payment of any instrument so
endorsed.

     (c) Nothing herein contained shall be construed to constitute the
Co-Borrowers, or any of them, as agent of the Administrative Agent for any
purpose whatsoever, and the Administrative Agent shall not be responsible or
liable for any shortage, discrepancy, damage, loss or destruction of any part of
the Collateral wherever the same may be located and regardless of the cause
thereof (except to the extent it is determined by a final judicial decision that
the Administrative Agent's act or omission constituted gross negligence or
willful misconduct). The Administrative Agent and the Banks shall not, under any
circumstances or in any event whatsoever, have any liability for any error or
omission or delay of any kind occurring in the settlement, collection or payment
of any of the Accounts or any instrument received in payment thereof or for any
damage resulting therefrom (except to the extent it is determined by a final
judicial decision that the Administrative Agent's or such Bank's error, omission
or delay constituted gross negligence or willful misconduct). The Administrative
Agent and the Banks do not, by anything herein or in any assignment or
otherwise, assume the obligations of the Co-Borrowers, or any of them, under any
contract or agreement assigned to the Administrative Agent or the Banks, and the
Administrative Agent and the Banks shall not be responsible in any way for the
performance by the Co-Borrowers, or any of them, of any of the terms and
conditions thereof.

     (d) If any of the Accounts includes a charge for any tax payable to any
governmental tax authority, the Administrative Agent is hereby authorized (but
in no event obligated) in its discretion, for the benefit of the Banks, to pay
the amount thereof to the proper taxing authority for the account of the
Co-Borrowers, or any of them, and to charge the Co-Borrowers' Account therefor.
The Co-Borrowers shall notify the Administrative Agent if any Accounts include
any tax due to any such taxing authority and, in the absence of such notice, the
Administrative Agent, for the benefit of the Banks, shall have the right to
retain the full proceeds of such Accounts and shall not be liable for any taxes
that may be due from the Co-Borrowers, or any of them, by

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reason of the sale and delivery creating such Accounts; provided, that the
Co-Borrowers may request a Revolving Credit Loan, subject to and in accordance
with the provisions of Section 2.01 hereof, in order to fund the payment of such
tax obligations.

     SECTION 15.02. Accounts Documentation . The Co-Borrowers will, in addition
to the monthly detailed accounts receivable agings delivered pursuant to this
Agreement, at such intervals as the Administrative Agent may require, furnish
such further schedules and/or information as the Administrative Agent may
require relating to the Accounts, including, without limitation, sales invoices.
In addition, the Co-Borrowers shall notify the Administrative Agent of any
non-compliance in respect of the representations, warranties and covenants
contained in Section 15.03 hereof. The items to be provided under this Section
15.02 are to be in form satisfactory to the Administrative Agent and are to be
executed and delivered to the Administrative Agent from time to time solely for
its convenience in maintaining records of the Collateral; the Co-Borrowers'
failure to give any of such items to the Administrative Agent shall not affect,
terminate, modify or otherwise limit the Administrative Agent's Lien, for the
benefit of the Banks, or security interest in the Collateral.

     SECTION 15.03. Status of Accounts and Other Collateral . Each Co-Borrower
covenants, represents and warrants to the Administrative Agent and each Bank
that: (a) it shall be the sole owner, free and clear of all Liens except Liens
in favor of the Administrative Agent or otherwise permitted hereunder, of and
fully authorized to sell, transfer, pledge and/or grant a security interest in
each and every item of said Collateral owned by it; (b) each Account shall be a
good and valid account representing an undisputed bona fide indebtedness
incurred or an amount indisputably owed by the Customer therein named, for a
fixed sum as set forth in the invoice relating thereto with respect to an
absolute sale and delivery upon the specified terms of goods sold by such
Co-Borrower, or work, labor and/or services theretofore rendered by such
Co-Borrower; (c) no Account is or shall be subject to any defenses, offset,
counterclaim, discount or allowance (as of the time of its creation) except as
may be stated in the invoice relating thereto or discounts and allowances as may
be customary in such Co-Borrower's business; (d) none of the transactions
underlying or giving rise to any Account shall violate any applicable state or
federal laws or regulations, and all documents relating to any Account shall be
legally sufficient under such laws or regulations and shall be legally
enforceable in accordance with their terms; (e) to the best of its knowledge,
each Customer, guarantor or endorser with respect to any Account is solvent and
will continue to be fully able to pay all Accounts on which it is obligated in
full when due; (f) all documents and agreements relating to Accounts shall be
true and correct and in all respects what they purport to be; (g) to the best of
its knowledge, all signatures and endorsements that appear on all documents and
agreements relating to Accounts shall be genuine and all signatories and
endorsers with respect thereto shall have full capacity to contract; (h) it
shall maintain books and records pertaining to the Collateral in such detail,
form and scope as the Administrative Agent shall require; (i) it will
immediately notify the Administrative Agent if any accounts arise out of
contracts with the United States of America or any department, agency or
instrumentality thereof, and, if required by the Administrative Agent, will
execute any instruments and take any steps required by the Administrative Agent
in order that all monies due or to become due under any such contract shall be
assigned to the Administrative Agent and notice thereof given to the United
States Government under the Federal Assignment of Claims Act; (j) it will,
immediately upon learning thereof, report to the Administrative Agent any
material loss or destruction of, or substantial damage to, any of the
Collateral, and any other matters affecting the value, enforceability or
collectibility of any of the Collateral; (k) if any amounts payable under or in

                                       11
<PAGE>

connection with any Account is evidenced by a promissory note or other
instrument, as such terms are defined in the Uniform Commercial Code, such
promissory note or instrument shall be immediately pledged, endorsed, assigned
and delivered to the Administrative Agent as additional Collateral; (l) it shall
not re-date any invoice or sale or make sales on extended dating beyond that
customary in the industry; (m) it shall maintain compliance with its cycle-count
program and shall deliver such reports to the Banks as provided in Section
9.08(b) hereof, and, if a Default or Event of Default shall have occurred and is
continuing, it shall conduct such physical counts of its inventory as the
Administrative Agent may request; (n) all inventory to the extent produced by
the Co-Borrower's, or any of them, has been or will be produced in accordance
with the federal Fair Labor Standards Act of 1938, as amended, and the rules,
regulations and orders thereunder; and (o) it is not nor shall it be entitled to
pledge the Banks' credit on any purchases or for any purpose whatsoever.

     SECTION 15.04. Monthly Statement of Account . The Administrative Agent
shall maintain, in accordance with its customary procedures, a loan account in
the name of the Co-Borrowers ("Co-Borrowers' Account") in which shall be
recorded the date and amount of each Loan made by the Banks and the date and
amount of each payment in respect thereof; provided, however, the failure by the
Administrative Agent to record the date and amount of any Advance shall not
adversely affect the rights of the Administrative Agent or any Bank. For each
month, the Administrative Agent shall send to Co-Borrowers a statement showing
the accounting for the Loans made, payments made or credited in respect thereof,
and other transactions between the Banks and the Co-Borrowers, during such
month. The monthly statements shall be deemed correct and binding upon
Co-Borrowers in the absence of manifest error and shall constitute an account
stated between the Banks and the Co-Borrowers unless Administrative Agent
receives a written statement of Co-Borrowers' specific exceptions thereto within
thirty (30) days after such statement is delivered to the Co-Borrowers. The
records of the Administrative Agent with respect to the loan account shall be
prima facie evidence of the amounts of Loans and other charges thereto and of
payments applicable thereto.

     SECTION 15.05. Collateral Custodian. Upon the occurrence and continuance of
an Event of Default, the Administrative Agent may at any time and from time to
time employ and maintain in the premises of the Co-Borrowers a custodian
selected by the Administrative Agent who shall have full authority to do all
acts necessary to protect the Administrative Agent's and the Banks' interests
and to report to the Administrative Agent thereon. The Co-Borrowers hereby agree
to cooperate with any such custodian and to do whatever the Administrative Agent
may reasonable request to preserve the Collateral. All costs and expenses
incurred by the Administrative Agent by reason of the employment of the
custodian shall be charged to the Co-Borrowers' Account and added to the
Obligations."

                                       12
<PAGE>

                                   ARTICLE 2.
                                    WAIVERS

                           WAIVERS TO CREDIT AGREEMENT

     Section 2.1 The Banks hereby waive compliance with Section 11.01(a)
(Minimum Earnings Before Interest, Taxes, Depreciation and Amortization) for the
fiscal quarter ended September 30, 2000, provided that the consolidated Earnings
Before Interest, Taxes, Depreciation and Amortization of BC and its Consolidated
Subsidiaries (other than Merinta) was not less than $5,735,000 at the end of
such fiscal quarter.

     Section 2.2 The Banks hereby waive compliance with Section 11.01(b)
(Minimum Earnings Before Interest, Taxes, Depreciation and Amortization) for the
fiscal quarters ended (a) June 30, 2000, provided that the consolidated Earnings
Before Interest, Taxes, Depreciation and Amortization of BC and its Consolidated
Subsidiaries (including Merinta) was not less than ($1,235,000) at the end of
such fiscal quarter and (b) September 30, 2000, provided that the consolidated
Earnings Before Interest, Taxes, Depreciation and Amortization of BC and its
Consolidated Subsidiaries (including Merinta) was not less than ($7,274,000) at
the end of such fiscal quarter.

     Section 2.3 The Banks hereby waive compliance with Section 11.01(c) (Fixed
Charge Coverage Ratio) for the fiscal quarter ended September 30, 2000, provided
that the Fixed Charge Coverage Ratio was not less than 1.37:1.00 at the end of
such fiscal quarter.

     Section 2.4 The Banks hereby waive compliance with Section 11.01(d) (Cash
Flow Leverage Ratio) for the fiscal quarter ended September 30, 2000, provided
that the Fixed Charge Coverage Ratio was not greater than 3.00:1.00 at the end
of such fiscal quarter.

     Section 2.5 The waivers set forth above are further conditioned upon
receipt by the Banks of the Operating Plan of the Co-Borrowers for the Fiscal
Year ending December 31, 2001, as soon as available and, in any event, by no
later than December 15, 2000; provided that if such Operating Plan is not
received by December 15, 2000, the Co-Borrowers shall pay to the Administrative
Agent a Waiver Fee of $50,000, such fee to be distributed to the Banks based
upon their respective Pro Rata Share.

     Section 2.6 The waivers set forth are limited specifically to the matters
set forth above and for the specific instances and purposes given and do not
constitute directly or by implication a waiver or amendment of any other
provision of the Credit Agreement or a waiver of any Default or Event of Default
(except as contemplated by this Section 2) under the Credit Agreement.

                                   ARTICLE 3.
                           CONDITIONS TO EFFECTIVENESS

     Section 3.1. Conditions to Effectiveness. The amendments and waivers to the
Credit Agreement described herein are subject to receipt by the Administrative
Agent of the following items, each in form and substance satisfactory to the
Banks:

                                       13
<PAGE>

          (a) this Amendment and Waiver, duly executed by each Co-Borrower and
each Guarantor;

          (b) a certificate of the Secretary of each Co-Borrowers and each
Guarantor dated as of the date hereof, certifying (A) the names and true
signatures of the officers of such entity authorized to sign this Amendment and
Waiver, the other Loan Documents and any other documents to be delivered by such
entity under this Amendment and Waiver, (B) that attached thereto is a true and
a complete copy of resolutions adopted by the Board of Directors authorizing the
execution, delivery and performance of this Amendment and Waiver and each other
Loan Document to which it is a party and (C) that neither its Certificate of
Incorporation nor By-laws have been amended since the Closing Date;

          (c) a certificate of a duly authorized officer of the Co-Borrowers
stating that the representations and warranties in Article VIII of the Credit
Agreement are true and correct on such date as though made on and as of such
date and that no event has occurred and is continuing which constitutes a
Default or Event of Default; and

          (d) the Lockbox Agreement and the Blocked Account Agreement,
substantially in the forms attached hereto as Exhibit 1 and Exhibit 2,
respectively, each duly executed by each Co-Borrower; and

          (e) such other documents, instruments, approvals, opinions and
evidence as the Administrative Agent and the Banks may reasonably require.

                                    ARTICLE 4
                         REPRESENTATIONS AND WARRANTIES

     Each Co-Borrower hereby represents and warrants to the Banks that:

     Section 4.1. Each of the representations and warranties set forth in
Article VIII of the Credit Agreement is true as of the date hereof with respect
to the Co-Borrower and, to the extent applicable, each Guarantor and each of
their respective Subsidiaries and with the same effect as though made on the
date hereof, and is hereby incorporated herein in full by reference as if fully
restated herein in its entirety. In addition, in order to induce the Banks and
the Administrative Agent to enter into this Amendment and Waiver, each
Co-Borrower hereby covenants, represents and warrants to the Banks that since
December 31, 1999 there has been no material adverse change in the business,
operations, properties or financial condition of any Co-Borrower, any Guarantor
or any of their respective Subsidiaries.

     Section 4.2. To induce the Banks and the Administrative Agent to enter into
this Amendment and Waiver and to continue to make advances to the Co-Borrowers
pursuant to the Credit Agreement, as amended hereby, the Co-Borrowers hereby
acknowledge and agree that, as of the date hereof, and after giving effect to
the terms hereof, there exists (i) no Default or Event of Default other than
those Defaults and Events of Default described on Schedule 3 hereto and (ii) no
right of offset, defense, counterclaim, claim or objection in favor of the
Co-Borrowers arising out of or with respect to any of the obligations of the
Co-Borrowers and the Guarantors under the Credit Agreement.

                                       14
<PAGE>

     Section 4.3. Each Co-Borrower and each Guarantor has the corporate power
and authority to enter into, perform and deliver this Amendment and Waiver and
any other documents, instruments, agreements or other writings to be delivered
in connection herewith. This Amendment and Waiver and all documents contemplated
hereby or delivered in connection herewith, have each been duly authorized,
executed and delivered and the transactions contemplated herein have been duly
authorized.

     Section 4.4. This Amendment and Waiver and any other documents, agreements
or instruments now or hereafter executed and delivered to the Banks by the
Co-Borrowers and the Guarantors in connection herewith constitute (or shall,
when delivered, constitute) valid and legally binding obligations of
Co-Borrowers and the Guarantors, each of which is and shall be enforceable
against Co-Borrowers and the Guarantors, as applicable, in accordance with their
respective terms.

     Section 4.5. No representation, warranty or statement by the Co-Borrowers
and the Guarantors contained herein or in any other document to be furnished by
the Co-Borrowers and the Guarantors in connection herewith contains, or at the
time of delivery shall contain, any untrue statement of material fact, or omits
or at the time of delivery shall omit to state a material fact necessary to make
such representation, warranty or statement not misleading.

     Section 4.6. No consent, waiver or approval of any entity is or will be
required in connection with the execution, delivery, performance, validity or
enforcement of this Amendment and Waiver, or any other agreements, instruments
or documents to be executed and/or delivered in connection herewith or pursuant
hereto.

                                   ARTICLE 5.
                         SPECIAL PROVISION WITH RESPECT
                      TO INVENTORY AT THIRD PARTY LOCATIONS

     The Co-Borrowers shall deliver to the Administrative Agent Landlords
Waivers, substantially in the form of Exhibit 5 hereof, with respect to
inventory of the Co-Borrowers located at any location listed on Schedule A
hereto on or before November 30, 2000. To the extent the Co-Borrowers fail to
satisfy the foregoing requirements with respect to any such location such
inventory shall not be included as Eligible Inventory until such condition is
satisfied.

                                   ARTICLE 6.
                                  MISCELLANEOUS

     Section 6.1. This Amendment and Waiver may be executed in any number of
counterparts, all of which taken together shall constitute one and the same
instrument, and any party hereto may execute this Amendment and Waiver by
signing (either original or via facsimile) any such counterpart.

     Section 6.2. This Amendment and Waiver shall be governed by, and
interpreted and construed in accordance with, the laws of the State of New York
(without giving effect to the conflict of laws provisions thereof).

                                       15
<PAGE>

     Section 6.3. The execution and delivery of this Amendment and Waiver by the
Banks shall not be deemed to be a waiver of any Default or Event of Default that
has occurred or that may hereafter arise pursuant to the terms fo the Credit
Agreement and the parties hereto agree that the Banks retain all of their rights
and remedies under the Credit Agreement with respect to any Default or Event of
Default, whether now existing or hereafter arising.

[next page is signature page]

                                       16
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment and
Waiver to be duly executed as of the day and year first above written.

                                       BOUNDLESS TECHNOLOGIES, INC.

                                       By: /s/ JOSEPH GARDNER
                                          ------------------------------------
                                          Name:  Joseph Gardner
                                          Title: Vice President

                                       BOUNDLESS MANUFACTURING SERVICES, INC.

                                       By: /s/ JOSEPH GARDNER
                                          ------------------------------------
                                          Name: Joseph Gardner
                                         Title: Vice President

                                       BOUNDLESS ACQUISITION CORP.

                                       By: /s/ JOSEPH GARDNER
                                          ------------------------------------
                                          Name: Joseph Gardner
                                         Title: Vice President

                                       BOUNDLESS CORPORATION

                                       By: /s/ JOSEPH GARDNER
                                          ------------------------------------
                                          Name:  Joseph Gardner
                                          Title: Vice President

                                       THE CHASE MANHATTAN BANK,
                                         as a Bank and as Administrative Agent

                                       By: /s/ WILLIAM DeMILT
                                          ------------------------------------
                                          Name:  William DeMilt
                                          Title: Vice President

                                       17
<PAGE>

                                       SILICON VALLEY BANK,
                                         as a Bank

                                       By: /s/ SHEILA COLSON
                                          ------------------------------------
                                          Name:  Sheila Colson
                                          Title: Vice President

                                       NATIONAL BANK OF CANADA,
                                         as a Bank

                                       By: /s/
                                          ------------------------------------
                                          Name:
                                          Title:

                                       By: /s/
                                          ------------------------------------
                                          Name:
                                          Title:

                                       18
<PAGE>

                                    EXHIBIT 1

                            Form of Lockbox Agreement

                          BOUNDLESS TECHNOLOGIES, INC.
                     BOUNDLESS MANUFACTURING SERVICES, INC.
                              100 Marcus Boulevard
                            Hauppauge, New York 11788

                                                  November 16,  2000

                                                  The Chase Manhattan Bank
                                                  600 Fifth Avenue, 4th Floor
                                                  New York, New York 10020

                                                  Ladies/Gentlemen:

     Reference is made to (i) account number 3941033452 (the "Blocked Account")
at The Chase Manhattan Bank ("Chase") into which certain monies, instruments and
other properties are deposited on behalf of Boundless Technologies, Inc. ("BTI")
and Boundless Manufacturing Services, Inc. ("BMS"; together with BTI,
collectively, the "Customer") and (ii) the lockbox identified as 6281 (the
"Lockbox") from which mail is opened and funds remitted therein are deposited
into the Blocked Account.

     Pursuant to the Second Amended and Restated Credit Agreement and Guaranty,
dated as of May 25, 2000 (the "Credit Agreement"), among the Customer, certain
guarantors, the financial institutions acting as Banks and The Chase Manhattan
Bank as administrative agent for such Banks (Chase in such capacity, the
"Administrative Agent") and to other documents executed and delivered in
connection with the Credit Agreement, Customer has granted to the Administrative
Agent for the benefit of the Banks a security interest in, among other things,
all checks, instruments, drafts and other orders of payment (collectively,
"Instruments") deposited in the Blocked Account and the Lockbox. One of the
conditions of continuing to make such loans, advances and financial
accommodations to the Co-Borrowers is that the Co-Borrowers enter into this
Agreement.

     In connection therewith, the parties hereto hereby acknowledge and agree
that:

     (a) Chase, and its agents, are hereby authorized by the Customer to, and
Chase shall, remove all items from the Lockbox, open all such items, remove all
Instruments from such items, and deposit all such Instruments into the Blocked
Account.

     (b) All amounts in the Blocked Account shall be applied to reduce
outstanding Revolving Credit Loans and any accrued interest due thereon. The
remaining balance, if any, shall be held in the Blocked Account as a credit for

                                       19
<PAGE>

the benefit of the Co-Borrowers and applied by the Administrative Agent towards
any amounts due and owing to the Administrative Agent and/or the Lenders by the
Co-Borrowers, from time to time.

     (c) The instructions contained in this letter agreement are irrevocable and
cannot be altered or amended without the Administrative Agent's prior written
consent.

     (d) The Customer may not terminate the Lockbox or Blocked Account without
prior written consent of the Administrative Agent, and Chase may terminate the
Lockbox or the Blocked Account only upon thirty (30) days' prior written notice
of such termination, delivered or sent by mail, to The Chase Manhattan Bank, 600
Fifth Avenue, 4th Floor, New York, New York 10020, Attention: George Lewis
McKinley or such other address as the Administrative Agent shall specify in
writing to Chase.

     Chase shall use its best efforts in performing the service in connection
with the Lockbox and the Blocked Account but, notwithstanding anything to the
contrary contained herein, Chase shall incur no liability or responsibility of
any nature for any act or omission on its part or that of its officers,
employees or agents provided the act or omission was without willful misconduct
and without gross negligence.

     The Customer agrees to indemnify Chase, its directors, officers, employees
and agents and hold them harmless from and against any and all claims,
liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
costs, expenses (including reasonable attorneys' fees) or disbursements of any
kind or nature whatsoever which may be imposed on, incurred by, or asserted
against them in any way relating to or arising out of any action or failure to
act on the part of Chase which was undertaken in connection with the Lockbox or
the Blocked Account; provided, however, that Chase shall not be indemnified for
its own gross negligence or willful misconduct. The provisions contained in this
paragraph shall survive any termination of this letter agreement.

[next page is signature page]

                                       20

<PAGE>

     This letter agreement may be executed by the parties hereto in one or more
counterparts, each of which shall be deemed an original and all of which taken
together shall be deemed to constitute one in the same agreement. Any signature
delivered by telecopy hereto shall be deemed an original signature hereto.

                                   Very truly yours,

                                   BOUNDLESS TECHNOLOGIES, INC.
                                   BOUNDLESS MANUFACTURING SERVICES, INC.

                                   By:
                                      -----------------------------------------
                                        Joseph Gardner, the Vice President
                                        of each of the foregoing corporations

AGREED TO AND ACCEPTED:

THE CHASE MANHATTAN BANK,
as Administrative Agent

By:
   ----------------------------------
   Name:  William DeMilt
   Title: Vice President

AGREED TO AND ACCEPTED

THE CHASE MANHATTAN BANK

By:
   ---------------------------------
   Name:  William DeMilt
   Title: Vice President

                                       21

<PAGE>

                                    EXHIBIT 2

                            BLOCKED ACCOUNT AGREEMENT

     Blocked Account Agreement, dated this 16th day of November, 2000 (this
"Agreement") among THE CHASE MANHATTAN BANK, as administrative agent for the
Banks (as defined herein) (the "Administrative Agent"), BOUNDLESS TECHNOLOGIES,
INC. ("BTI"), BOUNDLESS MANUFACTURING SERVICES, INC. ("BMS"; with BTI, each a
"Co-Borrower and, collectively, the "Co-Borrowers") and THE CHASE MANHATTAN BANK
("Chase").

                                   BACKGROUND

     The Co-Borrowers and certain of its Affiliates have entered into a Second
Amended and Restated Credit Agreement and Guaranty, dated May 25, 2000, with the
financial institutions named therein or which hereafter become a party thereto
and the Administrative Agent (as amended, restated, supplemented or otherwise
modified, from time to time, the "Credit Agreement") pursuant to which the Banks
have agreed to make loans, advances and other financial accommodations to the
Co-Borrowers. One of the conditions of continuing to make such loans, advances
and financial accommodations to the Co-Borrowers is that the Co-Borrowers
establish a "lockbox" and permit Chase to open the mail deposited therein and
deposit the proceeds of Collateral (as defined in the Credit Agreement) to a
"blocked account" in which the Administrative Agent for the ratable benefit of
the Banks has been granted a security interest. Defined terms not otherwise
defined herein shall have the meanings ascribed thereto in the Credit Agreement.
Pursuant to a Lockbox Agreement, dated as of the date hereof, among the
Co-Borrowers, the Administrative Agent and Chase, the Co-Borrowers agreed to
establish a lockbox (the "Lockbox") and to remit funds collected therein to the
"blocked account". Chase hereby agrees to the establishment of such a "blocked
account" upon the terms and conditions set forth below including, but not
limited to, agreement to forward to the Administrative Agent any and all sums
then on deposit in the "blocked account".

     NOW, THEREFORE, for good and valuable consideration, receipt of which is
hereby acknowledged, the undersigned parties agree as follows:

     1. The Co-Borrowers hereby authorize Chase to create or maintain a special
bank account entitled "Boundless Technologies, Inc. Blocked Account" (the
"Blocked Account") number #801905478 with Chase to be governed by the terms of
this Agreement and any security, pledge or similar agreements between the
Co-Borrowers and the Administrative Agent and/or the Banks.

     2. Payments received in the Lockbox with respect to all accounts,
contracts, contract rights, notes, bills, drafts, acceptances general
intangibles, choses in action, and all other debts, obligations and liabilities
in whatever form, owing to the Co-Borrowers from any person, firm or corporation
or any other legal entity, whether now existing or hereafter arising, now or
hereafter received by or belonging or owing to the Co-Borrowers, for goods sold
by it or for services rendered by it (within the marketing region served by
Chase) shall be deposited in the Blocked Account. As funds in the Blocked
Account thereupon and thereafter become available, Chase shall, on a daily basis
each business day, apply such funds to repay outstanding Revolving Credit Loans
and accrued interest thereon. Any balance thereafter shall remaining shall be
held in the Blocked Account as a credit for the benefit of the Co-Borrowers and
applied by the Administrative Agent towards any amounts due and owing to the
Administrative Agent and/or the Lenders by the Co-Borrowers, from time to time.
Neither any Co-Borrower nor any employee of any Co-Borrower shall have access to
the Blocked Account, and each Co-Borrower agrees that funds may be withdrawn
from the Blocked Account only with the prior written

                                       22
<PAGE>

consent of the Administrative Agent and only by way of and in accordance with
Fedwire or ACH transfer instructions delivered to Chase by an authorized officer
of the Administrative Agent. Chase hereby agrees and acknowledges that the
Administrative Agent's continued acceptance of this procedure will be in
reliance hereon.

     3. Chase waives and releases to the Administrative Agent any right of
offset against the Blocked Account in which such remittances are deposited.
Chase further waives and releases to the Administrative Agent any right or claim
which it may have in any of the funds on deposit in the Blocked Account.

     4. Each Co-Borrower has pledged, assigned and transferred to the
Administrative Agent a security interest in the Blocked Account and all amounts
from time to time deposited in the Blocked Account. Chase agrees to hold the
same as bailee for the Administrative Agent, and to make distribution to the
Administrative Agent therefrom solely in accordance with this Agreement. Chase
represents that Chase has not received notice of any other assignment or pledge
of the Blocked Account.

     5. In the event any checks or other items which were deposited or credited
to the Blocked Account are returned, reversed, refunded or charged back for
insufficient funds or for any other reason, Chase shall charge such items
against the Co-Borrowers loan account. In addition, Chase will charge customary
service charges with respect to the Blocked Account by charging such charges
against Account No.3941033460 (the "Operating Account"). The Co-Borrowers agree
that Chase may charge the Co-Borrowers loan account for any and all reversal
returns and other charges.

     6. The Administrative Agent may, from time to time, issue letters of
instruction superseding the instructions contained in this Agreement. The
Co-Borrowers hereby direct Chase to rely on any and all letters of instruction
from the Administrative Agent and any Notice from the Administrative Agent, and
shall not accept any contrary instruction from the Co-Borrowers. Chase shall not
be responsible to verify the accuracy of any state of facts alleged to be true
by the Administrative Agent.

     7. This Agreement shall not be terminated by the Co-Borrowers until all
obligations of the Co-Borrowers to the Banks are satisfied in full. Chase may
terminate this Agreement at any time upon at least thirty (30) days prior
written notice to the Administrative Agent and to the Co-Borrowers. Upon the
payment in full of all obligations owing by the Co-Borrowers to the Banks and
the termination of the Commitments, any funds remaining in the Blocked Account
upon termination or deposited thereafter shall be released therefrom.

                                       23
<PAGE>

     8. The Co-Borrowers agree to indemnify and hold harmless Chase from and
against any and all claims, actions and suits (whether groundless or otherwise),
losses, damages, costs, expenses and liabilities of every nature and character
arising our of or related to this Agreement or the transactions contemplated
hereby or Chase's actions taken hereunder, including without limitation claims
arising out of Chase's failure to prohibit the Co-Borrowers or any of Chase's
authorized person or entity from withdrawing funds from the Blocked Account
other than in accordance with the terms of this agreement, except to the extent
that any of same shall be directly caused by Chase's wilful misconduct or gross
negligence.

                                      BOUNDLESS TECHNOLOGIES, INC.
                                      BOUNDLESS MANUFACTURING SERVICES,
                                      INC., as Co-Borrowers

                                      By:
                                         -------------------------------------
                                         Joseph Gardner, the Vice President
                                         of each of the foregoing corporations

                                      THE CHASE MANHATTAN BANK, as the
                                      Administrative Agent

                                      By:
                                         -------------------------------------
                                         Name:  William DeMilt
                                         Title: Vice President

                                      THE CHASE MANHATTAN BANK

                                      By:
                                         -------------------------------------
                                         Name:  William DeMilt
                                         Title: Vice President

                                       24
<PAGE>

                                   SCHEDULE A

                     LOCATIONS REQUIRING LANDLORD'S WAIVERS

1.   Diamond Technologies, Farmingdale

2.   [Boca Raton, Florida Location]

                                       25
<PAGE>

                                    Exhibit 5

                    LANDLORD'S WAIVER, LICENSE AND AGREEMENT

                                                          ______ ____, 2000

The Chase Manhattan Bank, as Agent
395 North Service Road
Melville, New York 11747

                  Re: [BORROWER]

Ladies and Gentlemen:

     Reference is made to the lease agreement entered into by and between the
undersigned ("Landlord") and the above-referenced company (the "Tenant")
pursuant to which the Landlord as the owner of the real property and building
and improvements located at ________________________ (the "Premises"), leases
the Premises to the Tenant (the "Lease").

     Reference is also made to certain financing agreements by and among the
Tenant, certain other borrowers and guarantors, Silicon Valley Bank, National
Bank of Canada and The Chase Manhattan Bank, as Lenders, and The Chase Manhattan
Bank, as Agent for the Lenders (in such capacity, the "Agent"), and the various
documents, instruments, notes, guaranties and agreements delivered in connection
therewith (the foregoing, together with all related documents, agreements,
instruments or notes, and as the same may hereafter be amended, supplemented,
renewed, restated or replaced, are collectively referred to herein as the "Loan
Documents").

     Pursuant to the terms of the Loan Documents, the Tenant has granted to the
Agent for the ratable benefit of the Lenders a security interest in and a
general lien upon all now owned or hereafter acquired or existing accounts,
contract rights, general intangibles, documents, instruments, chattel paper,
machinery and certain goods, the proceeds and products thereof as the same are
defined in the Uniform Commercial Code (the "Collateral"), as security for any
now existing or hereafter arising obligations of the Tenant to the Agent and the
Lenders.

     In consideration of the loans, advances and other financial accommodations
to the Tenant and the other borrowers contemplated thereunder which will accrue
to the benefit of the Landlord by enabling the Tenant to meet its obligations to
the Landlord, including those arising under or in connection with the Lease, the
Landlord hereby agrees to the waivers, consents and license set forth herein.

     The Landlord and the Tenant represent and warrant to the Agent and the
Lenders that the Lease is in full force and effect and that there is no
currently existing event of default with respect thereto.

     The Landlord agrees that in the event of any default under the Lease, the
Landlord agrees to notify the Tenant in accordance with the terms of the Lease,
and simultaneously notify the Agent of any such default. In addition, the
Landlord shall not terminate the Lease without

                                       26
<PAGE>

providing thirty (30) days prior written notice to the Agent, specifying the
default, during which thirty-day period the Agent on behalf of the Lenders shall
have the right and opportunity, but not the obligation, to cure such default.
Any payment made or act done by the Agent to cure any such default shall not
constitute an assumption of the Lease or of any obligations thereunder by the
Agent or any Lender.

     The Landlord and Tenant agree that they will not materially amend the terms
and conditions of the Lease without the prior written consent of the Agent
(acting with the consent of the Lenders), such consent not to be unreasonably
withheld or delayed.

     The Landlord hereby waives, as against the Agent and the Lenders, any
landlord's lien, right of distraint or levy, claim, security interests or other
interests which the Landlord may now or hereafter have in or relating to any of
the Collateral now or hereafter located at the Premises, including any of the
foregoing which might otherwise arise or exist in the Agent's or any Lender's
favor pursuant to agreement, common law, statute (including Title 11 of the
United States Code) or otherwise. The Landlord agrees that all such Collateral
is and shall remain personal property and shall not constitute fixtures,
notwithstanding any attachment to real property or any other applicable law or
doctrine relating to fixtures.

     The Landlord hereby agrees that the Agent may enter the Premises for the
purposes of repossessing, removing, selling or otherwise dealing with the
Collateral in accordance with the provisions of the Loan Documents, the Uniform
Commercial Code and any other applicable law. Said license shall be irrevocable
and shall continue from the date the Agent enters into possession of the
Premises for so long as the Agent deems necessary for the foregoing purposes.
Use or occupancy of the premises by the Agent as set forth herein shall not
constitute an assumption by the Agent or any Lender of the Lease or of any
obligations thereunder.

     The Landlord understands that the Agent and the Lenders will rely upon this
instrument in connection with the Lenders' financial accommodations to the
Tenant, and that any additional financial accommodation the Lenders may
hereafter extend will also be in reliance on this instrument.

     Notice to any party hereunder shall be in writing and shall be sent by
certified mail, return receipt requested, to the parties at the following
addresses:

         To the Landlord:       -----------------
                                -----------------
                                -----------------
                                Att:

         To the Tenant:         Boundless Manufacturing Services, Inc.
                                100 Marcus Boulevard
                                Hauppauge, New York 11788
                                Attn: Joseph Gardner

         To the Lender:         The Chase Manhattan Bank, as Agent
                                395 North Service Road
                                Melville, New York 11747
                                Att: William DeMilt

                                       27
<PAGE>

     This Agreement may not be changed or terminated orally and shall be binding
upon the successors and assigns of the parties hereto and shall also be binding
upon any successor, owner, or transferee of said Premises.

     The parties have executed and delivered this Agreement as of the day and
year first above written.

                                   [LANDLORD]

                                    By:
                                        --------------------------
                                        Name:
                                        Title:

ACKNOWLEDGED AND AGREED:

THE CHASE MANHATTAN BANK, AS AGENT

By:
   -------------------------------
   Title: Vice President

[BORROWER]

By:
   -------------------------------
   Title: Vice President

                                       28EXHIBIT 10(r)

THIS WARRANT AND THE SHARES OF COMMON STOCK PURCHASABLE UPON EXERCISE OF THIS
WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
OR APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD, OFFERED FOR SALE,
PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
UNDER SAID ACT AND APPLICABLE STATE SECURITIES LAWS RELATING TO SUCH SECURITIES
OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO BOUNDLESS CORPORATION THAT
SUCH REGISTRATION IS NOT REQUIRED.

                                           Right to Purchase [     ] Shares of
                                       Common Stock  of Merinta, Inc. (subject
                                            to adjustment as provided herein).

                          COMMON STOCK PURCHASE WARRANT

                             As of [           ],  2000

     Merinta, Inc., a corporation organized under the laws of the State of
Delaware (the "Company"), hereby certifies that, for value received, [      ] or
registered assigns (the "Holder"), is entitled, subject to the terms set forth
below, to purchase from the Company at any time or from time to time before 5:00
p.m., New York time, on [         ], 2005 (the "Expiration Date"), up to [     ]
fully paid and nonassessable shares of Warrant Stock (as hereinafter defined),
$.01 par value per share, of the Company, at a purchase price of $1 per share
(such purchase price per share as adjusted from time to time as herein provided
is referred to herein as the "Purchase Price"). The number and character of such
shares of Warrant Stock and the Purchase Price are subject to adjustment as
provided herein.

     As used herein the following terms, unless the context otherwise requires,
have the following respective meanings:

     (a) The term "Company" shall include Merinta, Inc. and any corporation
which shall succeed or assume the obligations of Merinta, Inc. hereunder.

     (b) The term "Common Stock" includes (i) the Company's Common Stock, $.01
par value per share, as authorized on the date of the Agreement, and (ii) any
other securities into which or for which any of the securities described in (i)
may be converted or exchanged pursuant to a plan of recapitalization,
reorganization, merger, sale of assets or otherwise.

<PAGE>

     (c) The term "Credit Agreement" shall mean the Second Amended and Restated
Credit Agreement and Guaranty, dated as of May 25, 2000, by and among the
Company, The Chase Manhattan Bank, Silicon Valley Bank and National Bank as
Canada, as lenders, The Chase Manhattan Bank as Administrative Agent for the
lenders, and the other parties named therein, as amended, restated, supplemented
or otherwise modified, from time to time.

     (d) The term "Other Securities" refers to any stock (other than Common
Stock) and other securities of the Company or any other person (corporate or
otherwise) which the Holder at any time shall be entitled to receive, or shall
have received, on the exercise of the Warrant, in lieu of or in addition to
Common Stock, or which at any time shall be issuable or shall have been issued
in exchange for or in replacement of Common Stock or Other Securities pursuant
to Section 5 or otherwise.

     (e) The term "Warrant Stock" means the shares of Common Stock and Other
Securities owned or to be owned upon exercise of this Warrant.

     3. Exercise of Warrant.

        1.1 Number of Shares Issuable upon Exercise. The Holder shall be
entitled to receive, upon exercise of this Warrant in whole in accordance with
the terms of subsection 1.2 or upon exercise of this Warrant in part in
accordance with subsection 1.3, shares of Warrant Stock, subject to adjustment
pursuant to Section 5.

        1.2 Full Exercise. This Warrant may be exercised in full by the Holder
by surrender of this Warrant, with the form of subscription attached as Exhibit
A hereto (the Subscription Form") duly executed by the Holder, to the Company at
its principal office or at the office of its Warrant agent (as provided in
Section 12), accompanied by payment either (a) in cash or by certified or
official bank check payable to the order of the Company, in the amount obtained
by multiplying the number of shares of Warrant Stock for which this Warrant is
then exercisable by the Purchase Price then in effect or, (b) the surrender to
the Company of securities of the Company having an aggregate Fair Market Value
equal to the aggregate Purchase Price of the shares of Warrant Stock being
purchased upon such exercise; provided, however, that in lieu of the method of
payment under clauses (a) or (b) of this Section 1.2, the Holder may make
payment by allowing the Company to deduct from the number of shares of Warrant
Stock deliverable upon such exercise of this Warrant a number of shares which
has an aggregate Fair Market Value determined as of the date of such exercise of
this Warrant equal to the aggregate Purchase Price for all shares as to which
this Warrant is then being exercised.

        1.3 Partial Exercise. This Warrant may be exercised in part (but not for
a fractional share) by surrender of this Warrant in the manner and at the place
provided in subsection 1.2 except that the amount payable by the Holder on such
partial exercise shall be the amount obtained by multiplying (a) the number of

                                       2
<PAGE>

shares of Warrant Stock designated by the Holder in the Subscription Form by
(b) the Purchase Price then in effect. The method of payment shall be as
permitted by Section 1.2. On any such partial exercise, the Company, at its
expense, will forthwith issue and deliver to, or upon the order of, the Holder a
new Warrant of like tenor, in the name of the Holder hereof or as the Holder
(upon payment by such Holder of any applicable transfer taxes), may request,
subject to compliance with applicable securities laws, the number of shares of
Warrant Stock for which such Warrant may still be exercised.

        1.4 Fair Market Value. Fair Market Value of a share of Warrant Stock as
of a particular date (the "Determination Date") shall mean:

           (a) If the Warrant Stock is traded on an exchange or is quoted on the
     National Association of Securities Dealers, Inc. Automated Quotation
     ("NASDAQ") National Market System, then the average of the closing or last
     sale price, respectively, reported for the five business days immediately
     preceding the Determination Date.

           (b) If the Warrant Stock is not traded on an exchange or on the
     NASDAQ National Market System but is traded in the over-the-counter market
     or other similar organization (including the Bulletin Board), then the
     average of the closing bid and asked prices reported for the five business
     days immediately preceding the Determination Date.

           (c) If the Warrant Stock is not traded as provided above, then the
     price determined in good faith by the Board of Directors of the Company,
     provided that (1) the basis or bases of each such determination shall be
     set forth in the corporate records of the Company pertaining to meetings
     and other actions of such board, and (2) such records are available to the
     Holder for inspection during normal business hours of the Company upon the
     giving of reasonable prior notice.

           (d) If the Determination Date is the date of a liquidation,
     dissolution or winding up, or any event deemed to be a liquidation,
     dissolution or winding up pursuant to the Company's charter, then all
     amounts to be payable per share to holders of the securities then
     comprising Warrant Stock pursuant to the charter in the event of such
     liquidation, dissolution or winding up, plus all other amounts to be
     payable per share in respect of the Warrant Stock in liquidation under the
     charter, assuming for the purposes of this clause (d) that all of the
     shares of Warrant Stock then issuable upon exercise of all of the Warrants
     are outstanding at the Determination Date.

        1.5 Company Acknowledgment. The Company will, at the time of the
exercise of this Warrant, upon the request of the Holder acknowledge in writing
its continuing obligation to afford to the Holder any rights to which the Holder
shall continue to be entitled after such exercise in accordance with the
provisions of this Warrant. If the Holder shall fail to make any such request,
such failure shall not affect the continuing obligation of the Company to afford
to the Holder any such rights.

                                       3
<PAGE>

        1.6 Trustee for Warrant Holders. In the event that a bank or trust
company shall have been appointed as trustee for the Holder pursuant to
subsection 4.2, such bank or trust company shall have all the powers and duties
of a warrant agent appointed pursuant to Section 11 and shall accept, in its own
name for the account of the Company or such successor person as may be entitled
thereto, all amounts otherwise payable to the Company or such successor, as the
case may be, on exercise of this Warrant pursuant to this Section 1.

     2. Delivery of Stock Certificates, etc. on Exercise. The Company agrees
that the shares of Warrant Stock purchased upon exercise of this Warrant shall
be deemed to be issued to the Holder as the record owner of such shares as of
the close of business on the date on which this Warrant shall have been
surrendered and payment made for such shares as aforesaid. As soon as
practicable after the exercise of this Warrant in full or in part, and in any
event within 10 days thereafter, the Company at its expense (including the
payment by it of any applicable issue taxes) will cause to be issued in the name
of and delivered to the Holder, or as the Holder (upon payment by such Holder of
any applicable transfer taxes) may direct, subject to compliance with applicable
securities laws, a certificate or certificates for the number of duly and
validly issued, fully paid and nonassessable shares of Warrant Stock to which
the Holder shall be entitled on such exercise, plus, in lieu of any factional
share to which the Holder would otherwise be entitled, cash equal to such
fraction multiplied by the then Fair Market Value of one full share, together
with any other stock or other securities and property (including cash, where
applicable) to which the Holder is entitled upon such exercise pursuant to
Section 1 or otherwise.

     3. Adjustment for Dividends in Other Stock, Property, Reclassification,
etc. In case at any time or from time to time, the holders of securities then
comprising Warrant Stock shall have received, or (on or after the record date
fixed for the determination of shareholders eligible to receive) shall have
become entitled to receive, without payment therefor,

               (a) other or additional stock or other securities or property
     (other than cash) by way of dividend, or

               (b) any cash (excluding cash dividends payable solely out of
     earnings or earned surplus of the Company), or

               (c) other or additional stock or other securities or property
     (including cash) by way of spin-off, split-up, reclassification,
     recapitalization, combination of shares or similar corporate rearrangement
     other than additional shares of Warrant Stock issued as a stock dividend or
     in a stock split (adjustments in respect of which are provided for in
     Section 5),

then and in each such case the Holder, on the exercise hereof as provided in
Section 1, shall be entitled to receive the amount of stock and other securities
and property (including cash in the cases referred to in subdivisions

                                       4
<PAGE>

(b) and (c) of this Section 3) which the Holder would hold on the date of such
exercise if on the date hereof the Holder had been the holder of record of the
number of shares of Warrant Stock called for on the face of this Warrant and had
thereafter, during the period from the date hereof to and including the date of
such exercise, retained such shares and all such other or additional stock and
other securities and property (including cash in the cases referred to in
subdivisions (b) and (c) of this Section 3) receivable by the Holder as
aforesaid during such period, giving effect to all adjustments called for during
such period by Section 4 and 5.

     4. Adjustment for Reorganization, Consolidation, Merger, etc.

           4.1 Reorganization, Consolidation, Merger etc. In case at any time or
from time to time, the Company shall (a) effect a reorganization, (b)
consolidate with or merge into any other person, or (c) transfer all or
substantially all of its properties or assets to any other person under any plan
or arrangement contemplating the dissolution of the Company, then, in each such
case, as a condition to the consummation of such a transaction, proper and
adequate provision shall be made by the Company whereby the Holder, on the
exercise hereof as provided in Section 1 at any time after the consummation of
such reorganization, consolidation or merger or the effective date of such
dissolution, as the case may be, shall receive, in lieu of the Warrant Stock
issuable on such exercise prior to such consummation or such effective date, the
stock and other securities and property (including cash) to which the Holder
would have been entitled upon such consummation or in connection with such
dissolution, as the case may be, if the Holder had so exercised this Warrant,
immediately prior thereto, all subject to further adjustment thereafter as
provided in Sections 3 and 5.

           4.2 Dissolution. In the event of any dissolution of the Company
following the transfer of all or substantially all of its properties or assets
in a transaction contemplated by Section 4.1(c), the Company, simultaneously
with such dissolution, shall distribute or cause to be distributed to the Holder
the stock and other securities and property (including cash, were applicable)
which would be receivable by the Holder if the Holder had exercised its Warrant
in full immediately prior to such dissolution, less an amount of stock, other
securities, property and cash with a value equal to the Purchase Price.

           4.3 Continuation of Terms. Upon any reorganization, consolidation,
merger or transfer referred to in this Section 4, this Warrant shall continue in
full force and effect and the terms hereof shall be applicable to the shares of
stock and other securities and property receivable on the exercise of this
Warrant after the consummation of such reorganization, consolidation or merger,
as the case may be, and shall be binding upon the issuer of any such stock or
other securities, including, in the case of any such transfer, the person
acquiring all or substantially all of the properties or assets of the Company,
whether or not such person shall have expressly assumed the terms of this
Warrant as provided in Section 6.

                                       5
<PAGE>

     5. Extraordinary Events Regarding Warrant Stock. In the event that the
Company shall (a) issue additional shares of the Warrant Stock as a dividend or
other distribution on outstanding Warrant Stock, (b) subdivide its outstanding
shares of Warrant Stock, or (c) combine its outstanding shares of the Warrant
Stock into a smaller number of shares of the Warrant Stock, then, in each such
event, the Purchase Price shall, simultaneously with the happening of such
event, be adjusted by multiplying the then Purchase Price by a fraction, the
numerator of which shall be the number of shares of Warrant Stock outstanding
immediately prior to such event and the denominator of which shall be the number
of shares of Warrant Stock outstanding immediately after such event, and the
product so obtained shall thereafter be the Purchase Price then in effect. The
Purchase Price, as so adjusted, shall be readjusted in the same manner upon the
happening of any successive event or events described herein in this Section 5.
The number of shares of Warrant Stock that the Holder shall thereafter, on the
exercise hereof as provided in Section 1, be entitled to receive shall be
increased or decreased to a number determined by multiplying the number of
shares of Warrant Stock that would otherwise (but for the provisions of this
Section 5) be issuable on such exercise by a fraction of which (a) the numerator
is the Purchase Price that would otherwise (but for the provisions of this
Section 5) be in effect, and (b) the denominator is the Purchase Price in effect
on the date of such exercise.

     6. Chief Financial Officer's Certificate as to Adjustments. In each case of
any adjustment or readjustment in the shares of Warrant Stock issuable on the
exercise of the Warrants, the Company at its expense will promptly cause its
Chief Financial Officer to compute such adjustment or readjustment in accordance
with the terms of the Warrant and prepare a certificate setting forth such
adjustment or readjustment and showing in detail the facts upon which such
adjustment or readjustment is based, including a statement of (a) the
consideration received or receivable by the Company for any additional shares of
Warrant Stock issued or sold or deemed to have been issued or sold, (b) the
number of shares of Warrant Stock outstanding or deemed to be outstanding, and
(c) the Purchase Price and the number of shares of Warrant Stock to be received
upon exercise of this Warrant, in effect immediately prior to such adjustment or
readjustment and as adjusted or readjusted as provided in this Warrant. The
Company will forthwith mail a copy of each such certificate to the Holder and
any Warrant agent of the Company (appointed pursuant to Section 11 hereof),

     7. Reservation of Stock, Issuable on Exercise of Warrant. The Company will
at all times reserve and keep available, solely for issuance and delivery on the
exercise of this Warrant, all shares of Warrant Stock from time to time issuable
on the exercise of this Warrant.

     8. Assignment, Exchange of Warrant. Subject to compliance with applicable
Securities laws, this Warrant, and the rights evidenced hereby, may be
transferred by the Holder (the "Transferor") with respect to any or all of the
shares of Warrant Stock underlying this Warrant. On the surrender for exchange
of this Warrant, with the Transferor's endorsement in the form of Exhibit B
attached hereto (the "Transferor Endorsement Form") to the Company, the Company
at its expense but with payment by the Transferor of any applicable transfer
taxes will issue and deliver to or on the order of the Transferor thereof a new

                                       6
<PAGE>

Warrant or Warrants of like tenor, in the name of the Transferor and/or the
transferee(s) specified in such Transferor Endorsement Form (each a
"Transferee"), calling in the aggregate on the face or faces thereof for the
number of shares of Warrant Stock called for on the face or faces of the Warrant
so surrendered by the Transferor. Each Transferee shall be entitled (pro rata
according to the number of shares of Warrant Stock issuable under the
Transferee's new Warrant) to those benefits accruing to the Transferor under
this Warrant prior to the date of issue of such new Warrant or Warrants.

     9. Registration Rights: Procedure; Indemnification.

        9.1 Registration Rights.

           (a) On one occasion, on and after the time that this Warrant first
     becomes exercisable, but not prior to the date the Company's registration
     statement filed with the Securities and Exchange Commission (the
     "Commission") under the Securities Act of 1933, as amended (the "Securities
     Act") with respect to the Company's first public sale of securities is
     declared effective by the Commission (the "IPO") and not later than the
     third anniversary date of this Warrant, the Company, upon a written request
     therefor from any registered holder or holders of more than 50% of the
     total number of shares of Warrant Stock shall prepare and file a
     registration statement with the Securities and Exchange Commission (the
     "Commission") under the Securities Act of 1933, as amended (the "Securities
     Act"), covering the Warrant Stock that is the subject of such request to
     the extent required to permit the sale or other disposition of the Warrant
     Stock so registered by the holders thereof (collectively, the "Seller").
     The underwriter, if any, of an offering registered pursuant to this
     Subsection 9.1(a) shall be selected by the holders or persons entitled to
     be holders of at least a majority of the Warrant Stock for which
     registration has been requested and shall be reasonably acceptable to the
     Company. In the event the Warrant Stock is included in a registration
     statement that includes securities to be sold for the account of the
     Company, such written request for registration shall be deemed to have been
     given pursuant to Subsection 9.1(b), rather than this Subsection 9.1(a),
     and the rights of the holders of Warrant Stock covered by such written
     request shall be governed by Subsection 9.1(b). In the event that the
     Company has granted or hereafter grants to other holders of its securities
     the right to participate in any registration requested by the holders of
     the Warrant Stock pursuant to this Section 9.1(a), and the underwriters, if
     any, of any such registered offering are of the opinion that the inclusion
     of all shares requested to be included in such registration would adversely
     affect the marketing of such shares, then, the number of shares included in
     such offering shall be determined on pro rata basis according to the total
     number of shares requested to be included by each requesting party.
     However, if any registration demanded under this Section 9.1(a) results in
     the registration of less than 75% of the shares of Warrant Stock for which
     registration was requested pursuant hereto, then the holders of the Warrant
     and the Warrant Stock shall be deemed not to have utilized their one-time
     right to demand such registration.

                                       7
<PAGE>

           (b) On one occasion, on and after the time that this Warrant first
     becomes exercisable, if the Company at any time proposes to register any of
     its securities under the Securities Act for sale to the public, except with
     respect to a registration statement filed by the Company with respect to an
     IPO, whether for its own account or for the account of other security
     holders or both (except with respect to registration statements on Forms
     S-4, S-8 or another form not available for registering the Warrant Stock
     that may be acquired upon exercise of this Warrant for sale to the public),
     each such time it will give at least 45 days' prior written notice to the
     Holder of its intention so to do. Upon the written request of the Holder,
     received by the Company within 30 days after the giving of any such notice
     by the Company, to register any of the Warrant Stock owned or to be owned
     by the Holder pursuant to the exercise of this Warrant, the Company will
     cause such Warrant Stock as to which registration shall have been so
     requested to be included in the securities to be covered by the
     registration statement proposed to be filed by the Company, all to the
     extent required to permit the sale or other disposition of the Warrant
     Stock so registered by the Seller. In the event that any registration
     pursuant to this Section 9 shall be, in whole or in part, an underwritten
     public offering of Warrant Stock, the number of shares of Warrant Stock to
     be included in such an underwriting may be reduced by the Company and the
     managing underwriter if and to the extent that the Company and the
     underwriter shall be of the opinion that such inclusion would adversely
     affect the marketing of the securities to be sold by the Company therein;
     provided, however, that the Company shall notify the Seller in writing of
     any such reduction. In the event that the underwriters notify the Company
     that inclusion of shares of Warrant Stock would adversely affect the
     marketing of the securities to be sold by the Company, and, as a result of
     such determination, the holders of the Warrants or shares of Warrant Stock
     are unable to include at least 75% of the shares for which registration was
     requested pursuant to this Section 9.1(b), then holders of the Warrants and
     Warrants Stock shall be deemed not to have utilized their one-time right to
     participate in a registration by the Company of any of its securities.
     Notwithstanding the forgoing provisions, the Company may withdraw any
     registration statement referred to in this Section 9 without thereby
     incurring any liability to the Seller.

           (c) As a condition of registration pursuant to this Section 9, the
     Company may require that this Warrant be exercised, to the extent of the
     Warrant Stock to be registered, prior to the filing of the registration
     statement in the event the Company's ability to use a Form S-3 or similar
     form of registration statement is conditioned upon the issuance of the
     stock to be registered prior to the filing of the registration statement.
     Prior to exercising its right to require the exercise of the Warrant
     contemplated by the preceding sentence, however, the Company shall use
     commercially reasonable efforts (which shall not require the Company to
     make any payment or to surrender any right) to effect such registration
     without requirement of any exercise of the Warrant, including trying to
     obtain the agreement of any underwriters participating in such registration
     to purchase the Warrants directly from the holders thereof for a purchase
     price equal to the price per Warrant Share at which such shares shall be

                                       8
<PAGE>

     offered to the public, less any underwriting commissions and less the
     Purchase Price.

        9.2 Registration Procedures. If and whenever the Company is required by
the provisions hereof to effect the registration of any shares of Warrant Stock
under the Securities Act, the Company will, as expeditiously as possible:

           (a) prepare and file with the Securities and Exchange Commission (the
     "Commission") a registration statement with respect to such securities and
     use its best efforts to cause such registration statement to become and
     remain effective for the period of the distribution contemplated thereby
     (determined as hereinafter provided):

           (b) prepare and file with the Commission such amendments and
     supplements to such registration statement and the prospectus used in
     connection therewith as may be necessary to keep such registration
     statement effective for the period specified in paragraph (a) above and
     comply with the provisions of the Securities Act with respect to the
     disposition of all of the Warrant Stock covered by such registration
     statement in accordance with the Seller's intended method of disposition
     set forth in such registration statement for such period;

           (c) furnish to the Seller, and to each underwriter, if any, such
     number of copies of the registration statement and the prospectus included
     therein (including each preliminary prospectus) as such persons reasonably
     may request in order to facilitate the public sale or their disposition of
     the securities covered by such registration statement;

           (d) use its best efforts to register or qualify the Seller's Warrant
     Stock covered by such registration statement under the securities or "blue
     sky" laws of such jurisdictions as the Seller or, in the case of an
     underwritten public offering, the managing underwriter reasonably shall
     request, provided, however, that the Company shall not for any such purpose
     be required to qualify generally to transact business as a foreign
     corporation in any jurisdiction where it is not so qualified or to consent
     to general service of process in any such jurisdiction;

           (e) list the Warrant Stock covered by such registration statement
     with any securities exchange market system on which the Warrant Stock of
     the Company is then listed or traded;

           (f) immediately notify the Seller and each underwriter, if any, at
     any time when a prospectus relating to the Warrant Stock is required to be
     delivered under the Securities Act, of the happening of any event of which
     the Company has knowledge as a result of which such prospectus, as then in
     effect, includes an untrue statement of a material fact or omits to state a

                                       9
<PAGE>

     material fact required to be stated therein or necessary to make the
     statements therein not misleading in light of the circumstances then
     existing;

           (g) make available for inspection by the Seller, any underwriter
     participating in any distribution pursuant to such registration statement,
     and any attorney, accountant or other agent retained by the Seller or
     underwriter, all financial and other records, pertinent corporate documents
     and properties of the Company, and cause the Company's officers, directors
     and employees to supply all information reasonably requested by the Seller,
     underwriter, attorney, accountant or agent in connection with such
     registration statement.

           For purposes of this Section 9, the period of distribution of
securities in a firm commitment underwritten public offering shall be deemed to
extend until each underwriter has completed the distribution of all securities
purchased by it, or sooner if the managing underwriter consents, and the period
of distribution of securities in any other registration shall be deemed to
extend until the earlier of the sale of all securities covered thereby and 120
days after the effective date thereof.

           In connection with each registration hereunder, the Seller will
furnish to the Company, in writing such information, with respect to itself and
the proposed distribution by it as reasonably shall be necessary in order to
assure compliance with federal and applicable state securities laws. In
connection with each registration pursuant to this Section 9 covering an
underwritten public offering, the Company and the Seller agree to enter into a
written agreement with the managing underwriter in such form and containing such
provisions as are customary in the securities business for such an arrangement
between such underwriter and companies of the Company's size and investment
stature.

        9.3 Expenses. All expenses incurred by the Company in complying with
this Section 9, including, without limitation, all registration and filing fees,
printing expenses, fees and disbursements of counsel and independent public
accountants for the Company, fees and expenses (including counsel fees) incurred
in connection with complying with state securities or "blue sky" laws, fees of
the National Association of Securities Dealers, Inc., transfer taxes, fees of
transfer agents and registrars and costs of insurance are called "Registration
Expenses." All underwriting discounts and selling commissions applicable to the
sale of Warrant Stock, including any fees and disbursements of any special
counsel to the Seller, are called "Selling Expenses."

           The Company will pay all Registration Expenses in connection with up
to two registration statements filed under this Section 9. All Selling Expenses
in connection with each registration statement under this Section 9 shall be
borne by the Seller in proportion to the number of shares sold by the Seller
relative to the number of shares sold under such registration statement or as
all sellers thereunder may agree.

                                       10
<PAGE>

        9.4 Indemnification and Contribution.

           (a) In the event of a registration of any Warrant Stock under the
     Securities Act pursuant to this Section 9, the Company will indemnify and
     hold harmless the Seller, each underwriter of such Warrant Stock thereunder
     and each other person, if any, who controls such Seller or underwriter
     within the meaning of the Securities Act, against any losses, claims,
     damages or liabilities, joint or several, to which the Seller, or such
     underwriter or controlling person may become subject under the Securities
     Act or otherwise, insofar as such losses, claims, damages or liabilities
     (or actions in respect thereof) arise out of or are based upon any untrue
     statement or alleged untrue statement of any material fact contained in any
     registration statement under which such Warrant Stock was registered under
     the Securities Act pursuant to this Section 9, any preliminary prospectus
     or final prospectus contained therein, or any amendment or supplement
     thereof, or arise out of or arc based upon the omission or alleged omission
     to state therein a material fact required to be stated therein or necessary
     to make the statements therein not misleading, and will reimburse the
     Seller, each such underwriter and each such controlling person for any
     legal or other expenses reasonably incurred by them in connection with
     investigating or defending any such loss, claim, damage, liability or
     action; provided, however, that the Company will not be liable to the
     provider of information giving rise to any claim in any such case if and to
     the extent that any such loss, claim, damage or liability arises out of or
     is based upon an untrue statement or alleged untrue statement or omission
     or alleged omission so made in conformity with information furnished by any
     such Seller, the underwriter or any such controlling person about itself in
     writing specifically for use in such registration statement or prospectus.

           (b) In the event of a registration of any of the Warrant Stock under
     the Securities Act pursuant to Section 9, the Seller will indemnify and
     hold harmless the Company, each person, if any, who controls the Company
     within the meaning of the Securities Act, each officer of the Company who
     signs the registration statement, each director of the Company, each
     underwriter and each person who controls any underwriter within the meaning
     of the Securities Act, against all losses, claims, damages or liabilities,
     joint or several, to which the Company or such officer, director,
     underwriter or controlling person may become subject under the Securities
     Act or otherwise, insofar as such losses, claims, damages or liabilities
     (or actions in respect thereof) arise out of or are based upon any untrue
     statement or alleged untrue statement of any material fact contained in the
     registration statement under which such Warrant Stock was registered under
     the Securities Act pursuant to this Section 9, any preliminary prospectus
     or final prospectus contained therein, or any amendment or supplement
     thereof, or arise out of or are based upon the omission or alleged omission
     to state therein a material fact required to be stated therein or necessary
     to make the statements therein not misleading, and will reimburse the
     Company and each such officer, director, underwriter and controlling person
     for any legal or other expenses reasonably incurred by them in connection
     with investigating or defending any such loss, claim, damage, liability or
     actions, provided, however, that the Seller will be liable hereunder in any

                                       11
<PAGE>

     such case if and only to the extent that any such loss, claim, damage or
     liability arises out of or is based upon an untrue statement or alleged
     untrue statement or omission or alleged omission made in reliance upon and
     in conformity with information pertaining to such Seller, as such,
     furnished in writing to the Company by such Seller specifically for use in
     such registration statement or prospectus, and provided, further, however,
     that the liability of the Seller hereunder shall be limited to the
     proportion of any such loss, claim, damage, liability or expense which is
     equal to the proportion that the public offering price of the Warrant Stock
     sold by the Seller under such registration statement bears to the total
     public offering price of all securities sold thereunder, but not in any
     event to exceed the proceeds received by the Seller from the sale of
     Warrant Stock covered by such registration statement.

           (c) Promptly after receipt by an indemnified party hereunder of
     notice of the commencement of any actions such indemnified party shall, if
     a claim in respect thereof is to be made against the indemnifying party
     hereunder, notify the indemnifying party in writing thereof, but the
     omission so to notify the indemnifying party shall not relieve it from any
     liability which it may have to such indemnified party other than under this
     Section 9.4(c) and shall only relieve it from any liability which it may
     have to such indemnified party under this Section 9.4(c) if and to the
     extent the indemnifying party is prejudiced by such omission. In case any
     such action shall be brought against any indemnified party and it shall
     notify the indemnifying party of the commencement thereof, the indemnifying
     party shall be entitled to participate in and, to the extent it shall wish,
     to assume and undertake the defense thereof with counsel reasonably
     satisfactory to such indemnified party, and, after notice from the
     indemnifying party to such indemnified party of its election so to assume
     and undertake the defense thereof, the indemnifying party shall not be
     liable to such indemnified party under this Section 9.4(c) for any legal
     expenses subsequently incurred by such indemnified party in connection with
     the defense thereof other than reasonable costs of investigation and of
     liaison with counsel so selected, provided, however, that, if the
     defendants in any such action include both the indemnified party and the
     indemnifying party and the indemnified party shall have reasonably
     concluded that there may be reasonable defenses available to it which are
     different from or additional to those available to the indemnifying party
     or if the interests of the indemnified party reasonably may be deemed to
     conflict with the interest of the indemnifying party or if the indemnifying
     party shall not have assumed or undertaken the defense of such action with
     counsel reasonably satisfactory to such indemnified party, the indemnified
     party shall have the right to select one separate counsel and to assume
     such legal defenses and otherwise to participate in the defense of such
     action, with the expenses and fees of such separate counsel and other
     expenses related to such participation to be reimbursed by the indemnifying
     party as incurred.

           (d) In order to provide for just and equitable contribution to joint
     liability under the Securities Act in any case in which either (i) the
     Seller, or any controlling person of the Seller, makes a claim for
     indemnification pursuant to this Section 9.4 but it is judicially
     determined (by the entry of a final judgment or decree by a court of
     competent jurisdiction and the expiration of time to appeal or the denial
     of the last right of appeal) that such indemnification may not be enforced

                                       12
<PAGE>

     in such case notwithstanding the fact that this Section 9.4 provides for
     indemnification in such case, or (ii) contribution under the Securities Act
     may be required on the part of the Seller or controlling person of the
     Seller in circumstances for which indemnification is provided under this
     Section 9.4; then, and in each such case, the Company and the Seller will
     contribute to the aggregate losses, claims, damages or liabilities to which
     they may be subject (after contribution from others) in such proportion so
     that the Seller is responsible for the portion represented by the
     percentage that the public offering price of its securities offered by the
     registration statement bears to the public offering price of all securities
     offered by such registration statement, and the Company is responsible for
     the remaining portion; provided, however, that, in any such case, (A) the
     Seller will not be required to contribute any amount in excess of the net
     proceeds received by such Seller from the sale of all such securities
     offered by it pursuant to such registration statement; and (B) no person or
     entity guilty of fraudulent misrepresentation (within the meaning of
     Section 10(f) of the Securities Act) will be entitled to contribution from
     any person or entity who was not guilty of such fraudulent
     misrepresentation.

        9.5 Agreement to be Bound by Lock-Up Period. Each Holder, by its
acceptance of this Warrant, agrees that if an IPO should occur at any time at
which such Holder holds any Warrant Shares acquired through the exercise of this
Warrant, or if such Holder should acquire Warrant Shares by exercise of all or a
part of this Warrant within 180 days after such IPO, such Holder will not, if so
requested by the managing underwriter(s) of such IPO, transfer any Warrant
Shares for such reasonable period after the consummation of the IPO (not to
exceed 180 days) as the managing underwriter(s) shall require and, if requested
by such underwriter(s), such Holder will sign an undertaking consistent with the
foregoing.

     10. Put Option. Upon written notice from the Holder, Boundless Corporation
shall, within 30 days of the date designated in such notice, repurchase from the
Holder all or the portion of the Warrant as designated in such notice for an
amount equal to (x) $2 for each share of Warrant Stock covered by the portion of
the Warrant to be purchased by the Company as designated in such notice . Upon
such date designated for the exercise of the put option granted pursuant to this
Section 10, the Holder shall surrender its Warrant to the Company, without being
required to make any representation or warranty (other than that the Holder has
good and valid title to the Warrant free and clear of liens, claims,
encumbrances and restrictions of any kind) against payment therefore by (i) wire
transfer to an account at a bank located in the United States designated by the
Holder for such purposes or (ii) delivery of a certified or official bank check
drawn on a member of the New York Clearing House. If less than all of the
Warrant is being repurchased, the Company shall cancel the Warrant and issue in
the name of, and deliver to, the Holder or its designee a new Warrant for the
portion thereof not being repurchased.

     11. Replacement of Warrant. On receipt of evidence reasonably satisfactory
to the Company of the loss, theft, destruction or mutilation of this Warrant
and, in the case of any such loss, theft or destruction of this Warrant, on
delivery of an indemnity agreement or security reasonably satisfactory in form

                                       13
<PAGE>

and amount to the Company or, in the case of any such mutilation, on surrender
and cancellation of this Warrant, the Company at its expense will execute and
deliver, in lieu thereof, a new Warrant of like tenor.

     12. Warrant Agent. The Company may, by written notice to the each holder of
the Warrant, appoint an agent having an office in New York, NY for the purpose
of issuing Warrant Stock (or Other Securities) on the exercise of this Warrant
pursuant to Section 1, exchanging this Warrant pursuant to Section 8, and
replacing this Warrant pursuant to Section 11, or any of the foregoing, and
thereafter any such issuance, exchange or replacement, as the case may be, shall
be made at such office by such agent.

     13. Transfer on the Company's Books. Until this Warrant is transferred on
the books of the Company, the Company may treat the registered holder hereof as
the absolute owner hereof for all purposes, notwithstanding any notice to the
contrary.

     14. Notices, etc. All notices and other communications from the Company to
the Holder shall be mailed by first class registered or certified mail, postage
prepaid, at such address as may have been furnished to the Company in writing by
the Holder or, until the Holder furnishes to the Company an address, then to,
and at the address of, the last Holder of this Warrant who has so furnished an
address to the Company. Notices shall be deemed given 48 hours after mailing.

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

                                       14
<PAGE>

     IN WITNESS WHEREOF, the Company has executed this Warrant under seal as of
the date first written above.

                                             MERINTA, INC.

                                             By: /s/
                                                ----------------------------
                                                Title:  Vice President
Witness:

By: /s/
   ------------------------------

WITH RESPECT TO ITS OBLIGATIONS UNDER SECTION 10 HEREOF:

BOUNDLESS CORPORATION

By:   /s/
     ----------------------------
     Name:
     Title:

WITNESS:

By:   /s/
     ----------------------------

                                       15
<PAGE>

                                                                     Exhibit A

                              FORM OF SUBSCRIPTION
                   (To be signed only on exercise of Warrant)

TO: MERINTA, INC.

     The undersigned, the Holder of the within Warrant, hereby irrevocably
elects to exercise this Warrant for, and to purchase thereunder, shares of
Warrant Stock of Merinta, Inc. and herewith makes payment of $ therefor by
delivery of a check in such amount hereby instructing Merinta, Inc. to deduct
from the enclosed Warrant a number of shares of Warrant Stock having an
aggregate Fair Market Value equal to $____________ as of the date hereof, which
amount represents the Purchase Price for the shares for which the within Warrant
is hereby exercised, and which is equal to ______ shares of Warrant Stock], and
requests that the certificates for such shares be issued in the name of, and
delivered to whose address is .

Dated:
      ----- ---, ----

                                     -------------------------------------------
                                     (Signature must conform to name of Holder
                                      as specified an the face of the Warrant)

                                      ------------------------------------------
                                      (Address)

<PAGE>

                                                                     Exhibit B

                         FORM OF TRANSFEROR ENDORSEMENT
                   (To be signed only on transfer of Warrant)

     For value received, the undersigned hereby sells, assigns, and transfers
unto the person(s) named below under the heading "Transferees" the right
represented by the within Warrant to purchase the percentage and number of
shares of Warrant Stock of Merinta, Inc. to which the within Warrant relates
specified under the headings "Percentage Transferred" and "Number Transferred",
respectively, opposite the name(s) of such person(s) and appoints each such
person Attorney to transfer its respective right on the books of Merinta, Inc.
with full power of substitution in the premises.

Transferees           Percentage Transferred            Number Transferred
-------------        ------------------------         ----------------------

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

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

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

Dated:
      ----- --, -----

                                        --------------------------------------
                                        (Signature must conform to name of
                                        Holder as specified on the face of the
                                        warrant)

Signed in the presence of:

------------------------                ------------------------
(Name)                                  (Address)

ACCEPTED AND AGREED:

[TRANSFEREE]

                                        ------------------------
                                        (Address)

------------------------                ------------------------
(Name)                                  (Address)

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