Document:

EXHIBIT 10.6

                         Executive Employment Agreement

         This Executive Employment Agreement (this "Agreement") is made as of
the ___ day of April, 2000 by and between Speedcom Wireless International
Corporation, a Florida corporation (the "Company") and Michael McKinney, a
natural person, ("Mr. McKinney").

         WHEREAS, Mr. McKinney has served as the President and Chief Executive
Officer of the Company since its inception in 1994;

         WHEREAS, the Company wishes to continue employing Mr. McKinney in such
role;

         WHERAS, the Company and Mr. McKinney wish to set forth the terms of Mr.
McKinney's employment and certain additional agreements between Mr. McKinney and
the Company,

         NOW, THEREFORE, in consideration of the foregoing recitals and the
representations, covenants and terms contained herein, the parties hereto agree
as follows:

1.       Employment Period

         The Company will employ Mr. McKinney, and Mr. McKinney will serve the
         Company, under the terms of this Agreement for an initial term of three
         years commencing as of April 1, 2000 (the "Commencement Date"). On the
         third anniversary of the Commencement Date and on each anniversary date
         thereafter, the term of this Agreement shall automatically be extended
         for an additional period of twelve months; provided, however, that
         either party hereto may elect not to so extend this Agreement by giving
         written notice to the other party at least 60 days prior to such
         anniversary date. Notwithstanding the foregoing, Mr. McKinney's
         employment hereunder may be earlier terminated, subject to Section 5
         hereof. The period of time between the commencement and the termination
         of Mr. McKinney's employment hereunder shall be referred to herein as
         the "Employment Period."

2.       Duties and Status

         The Company hereby engages Mr. McKinney as its President and Chief
         Executive Officer and a member of the Company's Executive Committee on
         the terms and conditions set forth in this Agreement. During the
         Employment Period, Mr. McKinney shall report to the Board of Directors
         of the Company and exercise such authority, perform such executive
         duties and functions and discharge such responsibilities as are
         reasonably associated with Mr. McKinney's position, commensurate with
         the authority vested in Mr. McKinney pursuant to this Agreement and
         consistent with the governing documents of the Company. These duties
         include, but may not be limited to, (i) setting and implementing the
         strategic vision of the Company, (ii) managing the day to day business
         of the Company, and (iii) identifying and recruiting qualified senior
         executives to complete the management team in preparation for an
         initial public offering of the Company's common stock. Mr. McKinney
         shall work with the Company's Directors to determine what additional
         responsibilities Mr. McKinney shall perform, commensurate with Mr.
         McKinney's position as the President and Chief Executive Officer of the
         Company.

         During the Employment Period, Mr. McKinney shall devote substantially
         all of his business time (minimum of 5 days per week), skill and
         efforts to the business of the Company. Notwithstanding the preceding
         sentence, Mr. McKinney may make and manage personal business
         investments of his choice and serve on up to three other corporations
         (not counting the Company or any affiliates of the Company) of his
         choice and serve in any capacity with any civic, educational or
         charitable organization, or any trade association, without seeking or
         obtaining the approval of the Board of Directors, provided such
         activities and service do not materially interfere or conflict with the
         performance of his duties hereunder.

<PAGE>

3.       Compensation and Benefits

         (a)  Salary. During the Employment Period, the Company shall pay to Mr.
              McKinney, as compensation for the performance of his duties and
              obligations under this Agreement, a base salary of US $120,000 per
              annum, payable in arrears not less frequently than monthly in
              accordance with the normal payroll practices of the Company. Such
              base salary shall be subject to review each year for possible
              increase by the Board of Directors in its sole discretion, but
              shall in no event be decreased from its then existing level during
              the Employment Period.

         (b)  Annual Bonus.  During the Employment Period, Mr. McKinney shall
              have the opportunity to earn an annual bonus in accordance with a
              Company annual bonus program for senior executives.  The terms of
              any such bonus program shall  be as set forth and as determined in
              the sole discretion of the Board of Directors, as determined by
              corporate policy.  Mr. McKinney is not guaranteed a bonus in any
              particular year.  In the event that the Company has not instituted
              an annual bonus program, Mr. McKinney may still earn a bonus at
              the discretion of the independent Board of Directors of the
              Company.  For the year 2000, Mr. McKinney shall be entitled to a
              $50,000 bonus if the Company achieves at least $10,000,000 in
              sales.

         (c)  Equity.  (i) As part of a prior compensation arrangement with the
              Company, Mr. McKinney had been granted 500,000 options to purchase
              Company common stock at $3.00 per share (the "Stock Options"),
              subject to certain vesting criteria.  As partial consideration for
              entering into this Agreement, the Company hereby modifies that
              grant to  Mr. McKinney as follows:  300,000 options to acquire
              shares of the common stock of the Company at $3.00 per share shall
              vest ratably over the initial three year term of this Agreement
              (i.e. 8,333.333 per month for 36 months), or earlier if Mr.
              McKinney's employment is terminated without cause or for good
              reason (as described in Section 4 hereof) or earlier due to a
              change in control, sale of a majority of the common stock or
              substantially all of the assets of the Company or merger of the
              Company into or with another company (unless such company is less
              than 33% of the size (measured by market value) of the Company ).
              The remaining 200,000 options shall vest upon either (a) Mr.
              McKinney's completion of two additional years (after the initial
              three years) with the Company or (b) if Mr. McKinney is terminated
              without cause or for good reason or if his contract is not
              extended by the Company (at the Company's option) past the initial
              three year term.  The Stock Options must be exercised by the fifth
              anniversary of the date of vesting or shall be forfeited by Mr.
              McKinney.  The number, kind and strike price of the Stock Options
              shall be appropriately and equitably adjusted to reflect any stock
              dividend, stock split, spin-off, split-off, extraordinary cash
              dividend, recapitalization, reclassification or other major
              corporate action affecting the stock of the Company to the end
              that after such event Mr. McKinney's proportionate interest in the
              Company shall be maintained as before the occurrence of such
              event.

              (ii)  If the Company proposes to sell or permit the transfer of
              stock amounting in the aggregate to 50% or more of the outstanding
              capitalization of the Company, then Mr. McKinney shall have the
              right to require the proposed purchaser to purchase from him the
              shares of stock underlying any of the Stock Options, and any
              unvested Stock Options shall become vested.  Such sale by Mr.
              McKinney shall be at the same price and on the same terms and
              conditions of the sale of stock triggering Mr. McKinney's right of
              sale.  The Company shall cause Mr. McKinney to be actually
              notified of any proposed sale of stock and the terms and
              conditions of such proposed sale covered by this Section 5(c)(ii)
              not less than 30 days prior to the date of consummation of the
              sale.

              (iii) If the Company proposes to file a registration statement
              with the U.S. Securities and Exchange Commission, or comparable
              non-U.S. regulatory authority, relating to the offer or sale of
              stock of the Company to the public, the Company shall cover under
              such registration statement, for the benefit of Mr. McKinney, the
              sale by Mr. McKinney of the stock of the

                                       2
<PAGE>

              Company underlying the Stock Options, and shall take such other
              actions as are necessary or desirable for the stock of the Company
              underlying the Stock Options to be freely salable by Mr. McKinney
              (subject to any restrictions imposed by the underwriters of such
              stock offering).

              (iv) In addition to the Stock Options, Mr. McKinney shall be
              entitled to receive additional awards under any other stock option
              or equity based incentive compensation plan or arrangement adopted
              by the Company during the Employment Period for which senior
              executives are eligible. The level of Mr. McKinney's participation
              in any such plan or arrangement shall be in the sole discretion of
              the Company's Board of Directors.

         (d)  Other Benefits.  During the Employment Period, Mr. McKinney shall
              be entitled to participate in all of the employee benefit plans,
              programs and arrangements of the Company in effect during the
              Employment Period which are generally available to senior
              executives of the Company, subject to and on a basis consistent
              with the terms, conditions and overall administration of such
              plans, programs and arrangements.  In addition, during the
              Employment Period, Mr. McKinney shall be entitled to fringe
              benefits and perquisites comparable to those of other senior
              executives of the Company, including, but not limited to, 12 days
              of vacation pay per year plus 1 sick/personal day, to be used in
              accordance with the Company's vacation pay policy for senior
              executives.

         (e)  Business Expenses.  During the Employment Period, the Company
              shall promptly reimburse Mr. McKinney for all appropriately
              documented, reasonable business expenses incurred by Mr. McKinney
              in the performance of his duties under this Agreement.

         (g)  Support Services. The Company shall provide to Mr. McKinney an
              office, appropriate for his position with the Company, and
              secretarial and other business services at the Company's primary
              executive offices. Such offices shall be located within 10 miles
              of Sarasota, Florida. Additionally, Mr. McKinney shall have the
              use of a company provided wireless telephone for business use on
              the ATT plan with 1000 minutes usage per month including long
              distance costs.

4.       Termination of Employment

         (a)  Termination for Cause.  The Company may terminate Mr. McKinney's
              employment hereunder for cause. For purposes of this Agreement and
              subject to Mr. McKinney's opportunity to cure as provided in
              Section 4(c) hereof, the Company shall have "cause" to terminate
              Mr. McKinney's employment hereunder if such termination shall be
              the result of:

              (i)   willful fraud or material dishonesty in connection with Mr.
                    McKinney's performance hereunder;
              (ii)  the deliberate or intentional failure by Mr. McKinney to
                    substantially perform his duties hereunder that results in
                    material harm to the Company; or
              (iii) the conviction for, or plea of nolo contendere to a charge
                    of, commission of a felony.

         (b)  Termination for Good Reason.  Mr. McKinney shall have the right at
              any time to terminate his employment with the Company for any
              reason.  For purposes of this Agreement and subject to the
              Company's opportunity to cure as provided in Section 4(c) hereof,
              Mr. McKinney shall have "good reason" to terminate his employment
              hereunder if such termination shall be the result of:

              (i)   a material diminution during the Employment Period in the
                    Executive's duties, responsibilities, reporting relationship
                    or title as set forth in Section 2 hereof;
              (ii)  a breach by the Company of the compensation and benefits
                    provisions set forth in Section 3 hereof;

                                        3
<PAGE>

              (iii) a material breach by the Company of any of the terms of this
                    Agreement, other than as specifically provided herein; or
              (iv)  notice by the Company of non-renewal of the Agreement
                    pursuant to Section 1 hereof.

         (c)  Notice and Opportunity to Cure.  Notwithstanding the foregoing, it
              shall be a condition precedent to the Company's right to terminate
              Mr. McKinney's employment for "cause" and Mr. McKinney's right to
              terminate his employment for "good reason" that (1) the party
              seeking termination shall first have given the other party written
              notice stating with specificity the reason for the termination
              ("breach") and (2) if such breach is susceptible of cure or
              remedy, a period of thirty days from and after the giving of
              such notice shall have elapsed without the breaching party having
              effectively cured or remedied such breach during such 30-day
              period, unless such breach cannot be cured or remedied within
              thirty days, in which case the period for remedy or cure shall be
              extended for a reasonable time (not to exceed thirty days)
              provided the breaching party has made and continues to make a
              diligent effort to effect such remedy or cure.

         (d)  Termination Upon Death or Permanent and Total Disability.  The
              Employment Period shall be terminated by the death of Mr.
              McKinney.  The Employment Period may be terminated by the Board of
              Directors if Mr. McKinney shall be rendered incapable of
              performing his duties to the Company by reason of any medically
              determined physical or mental impairment that can be reasonably
              expected to result in death or that can be reasonably expected to
              last for a period of either (1) six or more consecutive months
              from the first date of Mr. McKinney's absence due to the
              disability or (2) nine months during any twelve-month period (a
              "Permanent and Total Disability").  If the Employment Period is
              terminated by reason of Permanent and Total Disability of Mr.
              McKinney, the Company shall give 30 days' advance written notice
              to that effect to Mr. McKinney.

5.       Consequences of Termination.

         (a)  Without Cause or for Good Reason. In the event of a termination of
              Mr. McKinney's employment during the Employment Period by the
              Company other than for "cause" (as provided for in Section 4(a)
              hereof), by Mr. McKinney for "good reason" (as provided for in
              Section 4(b) hereof) or due to death or disability (as provided
              for in Section 4(d) hereof) the Company shall pay Mr. McKinney (or
              his estate) and provide him with the following:

              (i)   Lump-Sum Payment.  A lump-sum cash payment, payable within
                    30 days after Mr. McKinney's termination of employment,
                    equal to the sum of the following:

                    (A)  Salary.  The equivalent of twelve months (the
                         "Severance Period") of Mr. McKinney's then-current
                         base salary; plus

                    (B)  Earned but Unpaid Amounts. Any previously earned but
                         unpaid salary through Mr. McKinney's final date of
                         employment with the Company, and any previously earned
                         but unpaid bonus amounts for any completed fiscal year
                         prior to the date of Mr. McKinney's termination of
                         employment.

              (ii)  Equity. Mr. McKinney shall have 12 months from the date of a
                    termination of his employment that is subject to this
                    Section 5 to exercise any stock options granted to him
                    during the Employment Period. All unvested stock options
                    shall vest upon a termination without cause, for good reason
                    or due to death or disability.

              (iii) Other Benefits.  The Company shall provide continued
                    coverage for the Severance Period under all health, life,
                    disability and similar employee benefit plans

                                       4
<PAGE>

                    and programs of the Company on the same basis as Mr.
                    McKinney was entitled to participate immediately prior to
                    such termination, provided that Mr. McKinney's continued
                    participation is possible under the general terms and
                    provisions of such plans and programs.  In the event that
                    Mr. McKinney's participation in any such plan or program is
                    barred, the Company shall arrange to provide Mr. McKinney
                    with benefits substantially similar (including all tax
                    effects) to those which Mr. McKinney would otherwise have
                    been entitled to receive under such plans and programs from
                    which his continued participation is barred.  In the event
                    that Mr. McKinney is covered under substitute benefit plans
                    of another employer prior to the expiration of the Severance
                    Period, the Company will no longer be obligated to continue
                    the coverages provided for in this Section 5(a)(iii).

         (b)  Other Termination of Employment.  In the event that Mr. McKinney's
              employment with the Company is terminated during the Employment
              Period by the Company for "cause" (as provided for in Section 4(a)
              hereof) or by Mr. McKinney other than for "good reason" (as
              provided for in Section 4(b) hereof), the Company shall pay Mr.
              McKinney any earned but unpaid salary and annual bonus amounts for
              any completed fiscal year prior to the date of Mr. McKinney's
              termination of employment, but only to the extent such amounts are
              payable in accordance with the terms of any such bonus plan,
              through Mr. McKinney's final date of employment with the Company,
              and the Company shall have no further obligations to Mr. McKinney.

         (c)  Withholding of Taxes. All payments required to be made by the
              Company to Mr. McKinney under this Agreement shall be subject only
              to the withholding of such amounts, if any, relating to tax,
              excise tax and other payroll deductions as may be required by law
              or regulation.

         (d)  No Other Obligations.  The benefits payable to Mr. McKinney under
              this Agreement are not in lieu of any benefits payable under any
              employee benefit plan, program or arrangement of the Company,
              except as provided specifically herein, and upon termination Mr.
              McKinney will receive such benefits or payments, if any, as he may
              be entitled to receive pursuant to the terms of such plans,
              programs and arrangements.  Except for the obligations of the
              Company provided by the foregoing and this Section 5, the Company
              shall have no further obligations to Mr. McKinney upon his
              termination of employment.

         (e)  No Mitigation or Offset.  Mr. McKinney shall have no obligation to
              mitigate the damages provided by this Section 5 by seeking
              substitute employment or otherwise and there shall be no offset of
              the payments or benefits set forth in this Section 5 except as
              provided in Section 5(a)(iii).

6.       Change in Control Agreement.

         (a)  Termination Protection. In the event of the termination of Mr.
              McKinney's employment without "cause" (as provided for in Section
              4(a) hereof) or for "good reason" (as provided for in Section 7(c)
              hereof) following a change in control, Mr. McKinney shall be
              entitled to receive the payments and benefits set forth in Section
              5(a)(i) through (iii) above.

         (b)  For purposes of this Agreement, a "change in control" shall be
              deemed to have occurred if and when:

              (i)   individuals who at the date hereof constitute the entire
                    Board of Directors of the Company (the "Board") and any new
                    directors whose election by the Board, or whose nomination
                    for election by the Company's stockholders, shall have been
                    approved by a vote of at least a majority of the directors
                    then in office who either were directors at the date hereof
                    or whose election or nomination

                                       5
<PAGE>

                    for election shall have been so approved shall cease for any
                    reason to constitute a majority of the members of the Board;

              (ii)  any person (as such term is used in Sections 13(d) and
                    14(d)(2) of the Securities Exchange Act of 1934, as amended
                    (the "Exchange Act") shall after the date hereof become the
                    beneficial owner (as defined in Rules 13d-3 and 13d-5 under
                    the Exchange Act), directly or indirectly, of securities of
                    the Company representing 30% or more of the voting power of
                    all then outstanding securities of the Company having the
                    right under ordinary circumstances to vote in an election of
                    the Board (including, without limitation, any securities of
                    the Company that any such person has the right to acquire
                    pursuant to any agreement, or upon exercise of conversion
                    rights, warrants or options, or otherwise, shall be deemed
                    beneficially owned by such person);

              (iii) there shall be consummated any corporate transaction,
                    including a consolidation or merger, of the Company in which
                    the Company is not the continuing or surviving corporation
                    or pursuant to which shares of the Company's capital stock
                    are converted into cash, securities or other property, other
                    than a consolidation or merger of the Company in which the
                    holders of the Company's voting stock immediately prior to
                    the consolidation or merger shall, upon consummation of the
                    consolidation or merger, own at least 50% of the voting
                    stock; or

              (iv)  there shall be consummated any sale, lease, exchange or
                    transfer (in any single transaction or series of related
                    transactions) of all or substantially all of the assets or
                    business of the Company.

7.       Indemnity and Insurance.

         The Company shall, to the fullest extent permitted by law and by its
         Certificate of Incorporation and By-laws, indemnify Mr. McKinney and
         hold him harmless for any acts or decisions made by him while
         performing his duties pursuant to this Agreement, unless such acts or
         decisions are made in bad faith or are intentionally harmful to the
         welfare of the Company. The Company shall also, to the fullest extent
         permitted by law and by its Certificate of Incorporation and By-laws,
         indemnify Mr. McKinney and hold him harmless from any legal fees or
         expenses incurred by Mr. McKinney arising out of his good faith service
         as an officer or agent of the Company.

         The Company shall provide that Mr. McKinney is covered by any
         Directors' and Officers' insurance that the Company provides to other
         senior executives.

8.       Notice.

         All notices, requests and other communications pursuant to this
         Agreement shall be sent by e-mail:

         If to Mr. McKinney:        mmc@speedlan.com

         If to the Company:         jwright@speedlan.com

9.       Waiver of Breach.

         Any waiver of any breach of this Agreement shall not be construed to be
         a continuing waiver or consent to any subsequent breach on the part of
         either Mr. McKinney or of the Company.

                                       6
<PAGE>

10.      Non-assignment; Successors.

         Neither party hereto may assign his or its rights or delegate his or
         its duties under this Agreement without the prior written consent of
         the other party; provided, however, that (i) this Agreement shall inure
         to the benefit of and be binding upon the successors and assigns of the
         Company upon any sale of all or substantially all of the Company's
         assets, or upon any merger, consolidation or reorganization of the
         Company with or into any other corporation, all as though such
         successors and assigns of the Company and their respective successors
         and assigns were the Company; and (ii) this Agreement shall inure to
         the benefit of and be binding upon the heirs, assigns or designees of
         Mr. McKinney to the extent of any payments due to them hereunder. As
         used in this Agreement, the term "Company" shall be deemed to refer to
         any such successor or assign of the Company referred to in the
         preceding sentence.

11.      Severability.

         To the extent any provision of this Agreement or portion thereof shall
         be invalid or unenforceable, it shall be considered deleted therefrom
         and the remainder of such provision and of this Agreement shall be
         unaffected and shall continue in full force and effect.

12.      Counterparts.

         This Agreement may be executed in one or more counterparts, each of
         which shall be deemed to be an original but all of which together will
         constitute one and the same instrument.

13.      Noncompetition; Nonsolicitation

         Mr. McKinney agrees that for a period of six months after the
         termination of his employment with the Company (the "Noncompetition
         Period"), unless Mr. McKinney is terminated without "cause" or he
         terminates for "good reason" (in which case Mr. McKinney shall not be
         subject to this section 13), Mr. McKinney will not act as a consultant,
         officer or employee of a company engaged in manufacturing, servicing or
         selling wireless telecommunications products to commercial entities (a
         "Competing Activity"). Mr. McKinney also agrees during the
         Noncompetition Period and for one year thereafter, if any, not to
         solicit or recruit any employees of the Company to join any other
         company or engage in a Competing Activity or to solicit or recruit a
         substantial number of employees to work with any company with whom Mr.
         McKinney is associated if the departure of the solicited or recruited
         employees from the Company would materially harm the Company.

14.      Entire Agreement.

         This Agreement constitutes the entire agreement by the Company and Mr.
         McKinney with respect to the subject matter hereof and except as
         specifically provided herein, supersedes any and all prior agreements
         or understandings between Mr. McKinney and the Company with respect to
         the subject matter hereof, whether written or oral. This Agreement may
         be amended or modified only by a written instrument executed by Mr.
         McKinney and the Company.

      IN WITNESS WHEREOF, the parties have executed this Agreement as of April
____, 2000.

Michael McKinney                     Speedcom Wireless International Corporation

______________________               By_________________________________________

                                     Its:_______________________________________

                                       7EXHIBIT 10.7

                   SPEEDCOM WIRELESS INTERNATIONAL CORPORATION
                      NON-QUALIFIED STOCK OPTION AGREEMENT
                      ------------------------------------

         THIS AGREEMENT is made effective this _______ day of _______, 2000,
between SPEEDCOM WIRELESS INTERNATIONAL CORPORATION, a Florida corporation (the
"Corporation"), and ____________________________________, an employee of the
Corporation or one or more of its subsidiaries (the "Employee").

         WHEREAS, the Corporation desires, by affording the Employee an
opportunity to purchase its common shares, of the par value of $.001 per share,
hereinafter called the Common Shares, as hereinafter provided, to carry out the
purpose of the Non-Qualified Stock Option Plan (the "Plan") of the Corporation,
which has been approved by its shareholders.

         NOW, THEREFORE, in consideration of the mutual covenants hereinafter
set forth and for other good and valuable consideration, the parties hereto
agree as follows:

         1. Grant of Option. The Corporation hereby irrevocably grants to the
Employee the right and option, hereinafter called the Option, to purchase all or
any part of an aggregate of _______________ Common Shares (such number being
subject to adjustment for changes of capitalization as provided otherwise
herein) on the terms and conditions herein set forth.

         2.  Option  Price.  The  purchase  price of the Common  Shares  covered
by the Option  shall be the closing price of date of hire per share flat or
ex-dividend.

         3. Term of Option. The term of the Option shall be for a period of 5
years from the date hereof, subject to earlier termination as provided otherwise
herein. The term may be subject to termination prior to the expiration of the
period mentioned above, as provided otherwise herein.

         4. Vesting and Exercise of Option.  The Option may be exercised within
the above limitations, at any time or from time to time,  as to any part of or
all the shares covered thereby; provided, however, that:

         (a) Vesting Over 48 Months. An Option shall not be exercisable prior to
the date the employee becomes vested. An employee shall vest in that portion of
the Option and may exercise that portion of the Option as follows: (i) 25% after
12 months following date of grant; (ii) 50% after 24 months following date of
grant; (iii) 75% after 36 months following date of grant; and (iv) 100% after 48
months following date of grant.

         (a) Minimum Exercise 100 Shares.  The Option may not be exercised as to
less than 100 shares at any one time (or the remaining shares then purchasable
under the Option, if less than 100 shares);

         (c) Continuous Employment Requirement. Except as provided otherwise in
the event of termination of employment or death of the Employee, an Option may
not be exercised at any time unless the holder thereof shall have been in the
continuous employ of the Corporation and/or of one or more of its subsidiaries,
from the date of the granting of the Option to the date of its exercise;

         (d) Securities Law Compliance. The Option may not be exercised unless
at the date of exercise an appropriate exemption from the registration
requirements of the federal and state securities laws is available of an
appropriate registration statement has been filed and remains in effect under
the applicable federal and state securities laws, relating to the shares covered
by the Option, and the Corporation is under no obligation to obtain any such
registration or exemption.

<PAGE>

The purchase price of the shares as to which an Option shall be exercised shall
be paid in full in cash at the time of exercise. The Corporation shall not be
required to issue any shares unless and until it is satisfied that such issuance
shall be in accordance with all applicable federal and state securities laws,
and the Corporation may require the Employee to make such representations and
warranties and impose such transfer restrictions as the Corporation may deem
desirable to comply with such laws. The holder of an Option shall not have any
of the rights of a shareholder with respect to the shares covered by his Option,
except to the extent that one or more certificates for such shares shall be
delivered to him upon the due exercise of the Option.

         5. Method of Exercising Option. Subject to the terms and conditions of
this Agreement, the Option must be exercised by written notice to the
Corporation, at its Stock Transfer Department, which is now located at
_______1748 Independence Blvd., C-5, Sarasota, Florida. Such notice shall state
the election to exercise the Option and the number of shares in respect of which
it is being exercised, and shall be signed by the person or persons so
exercising the Option. Such notice shall either: (a) be accompanied by payment
of the full purchase price of such shares, in which event the Corporation shall
deliver a certificate or certificates representing such shares as soon as
practicable after the notice shall be received; or (b) fix a date (not less than
5 nor more than 10 business days from the date such notice shall be received by
the Corporation) for the payment of the full purchase price of such shares at
the Stock Transfer Department, against delivery of a certificate or certificates
representing such shares. Payment of such purchase price shall, in either case,
be made by check payable to the order of the Corporation. The certificate or
certificates for the shares as to which the Option shall have been so exercised
shall be registered in the name of the person or persons so exercising the
Option (or, if the Option shall be exercised by the Employee and if the Employee
shall so request in the notice exercising the Option, shall be registered in the
name of the Employee and another person jointly, with right of survivorship) and
shall be delivered as provided above to or upon the written order of the person
or persons exercising the Option. If the Option shall be exercised, pursuant to
the provision relating to death of the Employee, by any person or persons other
than the Employee, such notice shall be accompanied by appropriate proof of the
right of such person or persons to exercise the Option. All shares that shall be
purchased upon the exercise of the Option as provided herein shall be fully paid
and nonassessable.

         6. Nontransferabiity. The Option shall not be transferable otherwise
than by will or the laws of descent and distribution, and the Option may be
exercised, during the lifetime of the Employee, only by him. More particularly
(but without limiting the generality of the foregoing), the Option may not be
assigned, transferred (except as provided above), pledged, or hypothecated in
any way, shall not be assignable by operation of law, and shall not be subject
to execution, attachment, or similar process. Any attempted assignment,
transfer, pledge, hypothecation, or other disposition of the Option contrary to
the provisions hereof, and the levy of any execution, attachment, or similar
process upon the Option, shall be null and void and without effect.

         7. Employee's Agreement to Serve. In consideration of the granting of
the Option and regardless of whether or not the Option shall be exercised, the
Employee agrees to remain in the employ of the Corporation or one or more of its
subsidiaries for a period of at least 12 months from the date hereof; and he
will, during such employment, devote his full business time, energy, and skill
to the service of the Corporation or one or more of its subsidiaries, subject to
vacations, sick leaves, and other approved absences. Such employment, subject to
the provisions of any contract between the Corporation or any such subsidiary
and the Employee, shall be at the pleasure of the employing corporation and at
such compensation as such employing corporation or corporations shall reasonably
determine. In the event of any termination of the Employee's employment during
the period during which he has agreed by the foregoing provisions of this
paragraph to remain in employment that is either (a) for cause, or (b) voluntary
on the part of the Employee and without the consent of his employing corporation
or corporations, the Option (and any other option or options held by him under
the Plan), to the extent not previously exercised, shall immediately terminate.
Nowithstanding any contrary provision contained herein, if an employee violates
any employment, confidentiality, non-compete, non-solicitation of customers or
employees, or other agreement with the Corporation, either during (and whenever
discovered) or following termination of employment, any Option or Options held
by him, to the extent not previously exercised, shall immediately terminate.

                                       2
<PAGE>

         8. Termination of Employment. In the event that the employment of the
Employee shall be terminated (otherwise than by reason of death), the Option
may, subject to any covenant of continuing employment limitation herein, be
exercised by the Employee (to the extent that he shall have been entitled to do
so at the termination of his employment) at any time after such termination, but
not more than 5 years after the date hereof. So long as the Employee shall
continue to be an employee of the Corporation or one or more of its
subsidiaries, the Option shall not be affected by any change in his duties or
position. Nothing in this Agreement shall confer upon the Employee any right to
continue in the employ of the Corporation or of any of its subsidiaries or
interfere in any way with the right of the Corporation or any such subsidiary to
terminate his employment at any time.

         9. Death of Employee. If the Employee shall die while he shall be
employed by the Corporation or one or more of its subsidiaries or after the
termination of his employment, the Option may be exercised (to the extent that
the Employee shall have been entitled to do so at the date of his death) by a
legatee or legatees of the Employee under his last will, or by his personal
representatives or distributees, at any time within 12 months after his death,
but not more than 5 years after the date hereof.

         10. Adjustments Upon Changes in Capitalization. If all or any portion
of the Option shall be exercised subsequent to any share dividend, split-up,
recapitalization, merger, consolidation, combination or exchange of shares,
separation, reorganization, or liquidation occurring after the date hereof, as a
result of which shares of any class shall be issued in respect of outstanding
Common Shares or Common Shares shall be changed into the same or a different
number of shares of the same or another class or classes, the person or persons
so exercising the Option shall receive, for the aggregate price paid upon such
exercise, the aggregate number and class of shares which, if Common Shares (as
authorized at the date hereof) had been purchased at the date hereof for the
same aggregate price (on the basis of the price per share set forth hereinabove)
and had not been disposed of, such person or persons would be holding, at the
time of such exercise, as a result of such purchase and all such share
dividends, split-ups, recapitalizations, mergers, consolidations, combinations
or exchanges of shares, separations, reorganizations, or liquidations; provided,
however, that no fractional share shall be issued upon any such exercise, and
the aggregate price paid shall be appropriately reduced on account of any
fractional share not issued. No adjustment shall be made in the minimum number
of shares which may be purchased at any one time, as fixed hereinabove.

         11. Reservation of Shares, Transfer Fees, Etc. The Corporation shall at
all times during the term of the Option reserve and keep available such number
of Common Shares as will be sufficient to satisfy the requirements of this
Agreement, shall pay all original issue and transfer taxes with respect to the
issue and transfer of shares pursuant hereto and all other fees and expenses
necessarily incurred by the Corporation in connection therewith, and will from
time to time use its best efforts to comply with all laws and regulations which,
in the opinion of counsel for the Corporation, shall be applicable thereto.

         12.  Subsidiary.  As used herein, the term "subsidiary" shall mean any
present or future corporation which would be a "subsidiary corporation" of the
Corporation, as that term is defined in Section 424 of the Internal Revenue Code
of 1986.

         13.  Governing Law. This instrument shall be interpreted and governed
in all respects by Florida law.

         14. Entire Agreement; Modification; Subject to Plan. This instrument
constitutes the entire agreement between the parties hereto with respect to the
subject matter hereof, and there are no agreements, understandings,
restrictions, warranties or representations between the parties other than those
set forth herein or herein provided for. This instrument may be amended or
modified at any time and in all respects, or any provisions may be waived, only
by an instrument in writing signed by the party sought to be held thereto. The
terms and conditions of the Plan shall control and prevail over any inconsistent
terms and conditions of this Agreement, and a modification or termination of the
Plan may cause all unexercised Options to terminate without compensation to the
Employee.

                                       3
<PAGE>

         15. Interpretation. This instrument shall not be construed more
strongly against a party because of such party's participation in the drafting
and preparation hereof. Headings contained herein are for reference purposes
only and shall not affect in any way the meaning or interpretation hereof. All
personal pronouns used herein shall include the other genders whether used in
the masculine or feminine or neuter gender, and the singular shall include the
plural whenever and as often as may be appropriate.

         IN WITNESS WHEREOF the Corporation has caused this Agreement to be duly
executed by its officers thereunto duly authorized, and the Employee has
hereunto set his hand and seal, all on the day and year first above written.

SPEEDCOM WIRELESS INTERNATIONAL                 EMPLOYEE
  CORPORATION

By____________________________________          ________________________________
      Michael McKinney
      President

                                                ____________________(Print Name)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}]]