Document:

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                                                                   EXHIBIT 10.17

                       ASSET SALE AND PURCHASE AGREEMENT

        This Asset Sale and Purchase Agreement (this "Agreement") is made and
entered into as of the 23rd day of March 2001, by and between ICCE TECHNOLOGIES,
INC., a Colorado corporation (hereinafter referred to as "Buyer"), and EMERGENT
INFORMATION TECHNOLOGIES, INC., a California Corporation (hereinafter referred
to as "Seller").

                                    RECITALS

        A. Seller owns certain tangible and intangible assets referred to as the
Integrated Control Center Environment ("ICCE") software used in the research,
development, testing, demonstration, sales, promotion and support of the ICCE
software and product related services (the "ICCE Business").

        B. Seller desires to sell all of its right, title and interest in and to
all of the assets directly related to and necessary for the ICCE Business.

        C. Buyer desires to purchase the assets directly related to and
necessary for the ICCE Business of Seller.

                               TERMS OF AGREEMENT

                     SECTION 1. PURCHASE AND SALE OF ASSETS

        1.1. Assets Being Purchased. Subject to the contingencies described in
Sections 6 and 7 hereof, Seller hereby agrees to sell to Buyer, and Buyer hereby
agrees to purchase from Seller, on all of the terms and conditions specified in
this Agreement, all the right, title, and interest of Seller in and to all of
those assets (the "Assets") of Seller, or subsidiaries of Seller, which are used
in connection with the ICCE Business, including, but not limited to, all
inventories, equipment and personal property, intellectual property (including
computer software, trademarks, trade names, service marks, patents, etc.),
customer and supplier lists, agreements and licenses relating to the ICCE
Business, if any. The Assets include but are not limited to all those assets
described on the schedule attached hereto, marked Schedule 1.1 (Assets), and
incorporated herein by this reference, together with any replacements and
additions of or to any of those assets made between the date of this Agreement
and the Closing Date (as defined in Section 8 below); and all other reasonable
supplies and materials, equipment, fixtures, copyrights, service marks,
trademarks, trade names, trade secrets, patents, patent applications, licenses,
(except that it is not intended that Seller will transfer to Buyer any cash,
bank accounts or accounts receivable); as well as any assets of Seller which it
was using exclusively for the ICCE Business that have been inadvertently or
mistakenly left off of Schedule 1.1 but which later are mutually determined
should have been included on that Schedule because of their exclusive use as a
part of the ICCE Business. It is understood that the physical assets listed in
Schedule 1.1 will be delivered to Buyer "as is" and Buyer will pay all costs of
transporting the equipment from such equipment's present location to Buyer's
location.

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        1.2. SALE AND PURCHASE. On the Closing Date, subject to the
contingencies described in Sections 6 and 7 hereof, and in reliance upon the
representations, warranties and agreements of the parties, Seller shall sell,
assign, transfer, convey and deliver to Buyer, and Buyer shall buy from Seller,
free and clear of all encumbrances (except as permitted under this Agreement),
the Assets, all for the price and upon the terms and conditions set forth in
this Agreement.

        1.3. INSTRUMENTS OF TRANSFER. The sale, assignment, transfer and
conveyance of the Assets shall be made by delivery by Seller to Purchaser of
such bills of sale and other instruments of assignment, transfer and conveyance
as Buyer shall reasonably require.

        1.4. CONSIDERATION FROM BUYER AT CLOSING. As payment for the transfer of
the Assets, Buyer shall pay Seller $150,000.00 (the "Purchase Price") and future
royalties, both as agreed in this Section.

                1.4.1. CASH PURCHASE PRICE. Buyer shall deliver to Seller at the
Closing (as defined in Section 8 below) in accordance with the provisions of
Section 8 hereof, One Hundred Thousand Dollars ($100,000.00) by bank cashier's
check payable to the order of Seller (the "Closing Date Payment"). Additionally,
Buyer shall pay Seller Ten Thousand Dollars ($10,000.00) by bank check in
immediately available funds payable to the order of Seller on the first day of
the first full month which occurs no less than thirty days following the Closing
and Ten Thousand Dollars ($10,000.00) by bank check in immediately available
funds payable to the order of Seller on the first day of each of the subsequent
four months, which payments will total Fifty Thousand Dollars ($50,000.00).

                1.4.2. ROYALTIES. Buyer agrees to pay Seller a four percent
(4.0%) royalty on all initial ICCE software licensing fees received by Buyer
during the first sixty (60) months following the Closing (the "Royalty Period").
The royalty payment will be made quarterly on the thirtieth (30) day following
the end of each calendar quarter beginning with the quarter ending June 30,
2001. Buyer shall maintain complete and accurate records in connection with the
licensing related to the ICCE software during the Royalty Period. Seller shall
have the right, at its own expense, upon reasonable prior notice, to inspect and
audit the records of Buyer relating to license of the ICCE software, provided
that the Seller shall not conduct such audit and inspection more than once
during any calendar year, and that Seller shall not reaudit previous periods
that have already been audited. If such inspection and audit reveals that Buyer
has underpaid Seller with respect to any amounts due and payable during the
period to which such inspection and audit relate exceeding 5% of the total
amounts due and payable by Buyer during such period, Buyer shall pay Seller all
amounts which were underpaid, plus interest on such underpaid amounts at a rate
of 10% per annum. If the parties dispute such amounts, the chief financial
officer of Seller and the chief financial officer of Buyer, or their respective
designees shall meet and attempt to reconcile such differences and make a final
determination within thirty (30) days from the initial delivery of the
statement. If the officers do not reach agreement within such time, each party
may appoint an independent accountant at its own expense and such appointed
accountants shall review the records and make a joint determination as to the
amounts owed.

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                        1.4.2.1. ICCE SOFTWARE. For purposes of this Agreement,
the ICCE software referred to herein shall be defined as the source code of the
ICCE software as of the Closing Date, and additional development, engineering
and upgrades that occur to the ICCE software during the Royalty Period. The ICCE
software does not include other licensable software or technologies that may be
added to or integrated with the ICCE software after the Closing Date.

        1.5. ALLOCATION OF PURCHASE PRICE. The parties have agreed, after arm's
length negotiations, to allocate the Purchase Price among the Assets and the
Covenant Not To Compete (as described in Paragraph 2.1 below) on the basis set
forth in Schedule 1.5 (Allocation of Purchase Price), attached hereto and
incorporated herein by this reference. In accordance with such Schedule 1.5,
Buyer shall prepare for filing with the Internal Revenue Service, and Seller
shall approve, a Form 8594 which Buyer shall file within one hundred twenty
(120) days after the Closing Date.

        1.6. PAYMENT OF TAXES RELATED TO PROPERTY. Seller shall pay all sales
taxes arising from the transfer of the Assets. Seller and Purchaser shall each
pay one-half (1/2) of all use taxes arising from the transfer of the Assets.
Seller shall be responsible for all state and local real and personal property
taxes with regard to the ICCE Business which are attributable to the Assets
prior to the Closing Date. Buyer shall not be responsible for any business,
occupation, withholding or similar tax, or any taxes of any kind related to any
period before the Closing Date. Seller shall not be responsible for any
business, occupation, withholding or similar tax, or any taxes of any kind
related to any period on or after the Closing Date.

                   SECTION 2. SELLER'S COVENANT NOT TO COMPETE

        2.1. COVENANT NOT TO COMPETE. In consideration of the payment of the
price as allocated pursuant to Paragraph 1.5 above, Seller shall not, for a
period beginning on the Closing Date and ending five (5) years following the
Closing Date, directly or indirectly, for itself or on behalf of any other
person, persons, company, partnership, corporation or business of whatever
nature:

                2.1.1. Engage whether as a contractor, consultant or adviser, or
as a sales representative, in any business selling any products or services in
direct competition with Buyer as relates to the ICCE software, in the United
States or any other country in which Buyer, any of its subsidiaries or any of
its strategic partners is conducting business within eighteen (18) months
following the Closing Date (the "Territory");

                2.1.2. Call upon any person who is an employee of Buyer as such
employment relates to the ICCE software for the purpose or with the intent of
enticing such employee away from or out of the employ of Buyer; or

                2.1.3. Call upon any person who is, or entity that is, a
customer of Buyer as relates to the ICCE Business within the Territory for the
purpose of soliciting or selling products or services in competition with Buyer
as relates to the ICCE software within the Territory.

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               SECTION 3. REPRESENTATIONS AND WARRANTIES BY SELLER

        Seller hereby represents and warrants to, and agrees with, Buyer as
follows.

        3.1. TITLE TO ASSETS. Seller has good and marketable title to all of the
Assets. At the Closing, Seller's title to each of the Assets shall be free and
clear of all security interests, liens, pledges, claims, charges, escrows,
encumbrances, options, rights of first refusal, mortgages, indentures,
easements, licenses, security agreements or other agreements, arrangements,
contracts, commitments, understandings or obligations or other defects
(collectively, the "Encumbrances"), except (i) liens for current taxes not yet
due and payable or which are being contested in good faith by appropriate
proceedings and (ii) Encumbrances which the Buyer expressly agrees to assume as
shown on Schedule 3.1 (Encumbrances To Be Assumed), attached hereto and
incorporated herein by this reference.

        3.2. AUTHORITY TO SELL. Seller has complied with all the requirements of
any applicable laws relative to the sale of the Assets, and prior to the
Closing, all of the consents and approvals that may be required by law or by any
agreements to which Seller is a party will be obtained.

        3.3. DEFAULTS AND VIOLATIONS. This Agreement, and the purchase and sale
to be consummated pursuant hereto, will not create or cause a default or
material violation of any material contract, agreement, lease or other
instrument to which Seller is a party.

        3.4. LITIGATION. Except as set forth in Schedule 3.4 (Pending Actions),
attached hereto and incorporated herein by this reference, there are no actions,
suits, claims, investigations, or legal, administrative or arbitration
proceedings pending or, to the knowledge of Seller, threatened against Seller
relating to the Assets whether at law or in equity, or before or by any federal,
state, municipal or other governmental instrumentality which would, if
determined adversely, have a material adverse effect on the Assets.

        3.5. ORGANIZATION, STANDING AND POWER. Seller is a corporation duly
organized, validly existing and in good standing under the laws of the State of
California and is qualified to transact business in and is in good standing in
the State of Colorado. Seller has all requisite corporate power and authority to
own, lease and operate the Assets and to execute and deliver and perform this
Agreement and all writings relating hereto.

        3.6. AUTHORIZATION OF SELLER. The Board of Directors of Seller has duly
and validly authorized the execution, delivery and performance of this Agreement
and all writings relating hereto by Seller, and all authorizations required of
its shareholders, if any, have also been validly obtained. This Agreement and
all writings relating hereto to be signed by Seller constitute valid and binding
obligations of Seller, enforceable in accordance with their respective terms.

                3.6.1. Neither the execution and delivery of this Agreement and
all documents relating to this Agreement, nor the consummation by Seller of the
transactions contemplated by this Agreement, nor compliance with any of the
provisions of this Agreement will:

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                        3.6.1.1. Conflict with or result in a breach of the
Certificate (or Articles) of Incorporation (or amendments, if any) or Bylaws (or
amendments, if any) of Seller;

                        3.6.1.2. Violate any statute, law, rule or regulation or
any order, writ, injunction or decree of any court or governmental authority; or

                        3.6.1.3. No consent or approval of or notification to
any governmental authority is required in connection with the execution and
delivery by Seller of this Agreement or any writing relating hereto or the
consummation of the transactions contemplated hereby or thereby.

        3.7. Intellectual Property.

                3.7.1. SELLER'S INTELLECTUAL PROPERTY. Schedule 3.7.1
(Intellectual Property) sets forth a list of each patent, trademark, service
mark, trade name, copyright, trade secret or other item of intellectual
property, including any and all registrations and applications therefore, which
are owned by Seller with respect to the ICCE software. In each case, the
registration number, date of issuance or registration, and a brief description
of such property is set forth in Schedule 3.7.1. The property referenced in
Schedule 3.7.1, together with all designs, methods, inventions and know-how
related thereto and all trademarks, trade names, service marks, and copyrights
claimed or used by the Seller which have not been registered is hereinafter
referred to as the "Seller's Intellectual Property."

                3.7.2. LICENSES AND RIGHTS GRANTED BY THE SELLER. Schedule 3.7.2
(Licenses to Intellectual Property) lists any and all licenses, purchase options
or other interests held by any individual or entity in Seller's Intellectual
Property. All of such licenses are in full force and effect and constitute
legal, valid and binding obligations of the respective parties thereto; to the
knowledge of Seller, there have not been and there currently are not any
material defaults thereunder by any party; and no event has occurred which
(whether with or without notice, lapse of time or the happening or occurrence of
any other event) would constitute a material default thereunder. The validity,
continuation and effectiveness of all such licenses under the current material
terms thereof will in no way be affected by the transfer of such licenses to
Buyer under this Agreement, or Seller shall obtain a consent to the transfer to
Buyer prior to the Closing.

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                3.7.3. INTELLECTUAL PROPERTY RIGHTS AND INTERESTS. Seller has
taken all reasonably necessary steps required under applicable law to protect
its trade secrets and its copyrights. Seller owns or has valid rights to use
Seller's Intellectual Property and the Licensed Intellectual Property without
conflict with the rights of others. To the knowledge of Seller, no person,
corporation, or government entity claims, or has any right to claim, that any of
Seller's Intellectual Property was created other than as a "work made for hire"
as that term is defined in the Copyright Act of 1976, on Seller's behalf. No
person, corporation, or government entity has made or, to the knowledge of
Seller, threatened to make any claim that Seller's use and sale of Seller's
Intellectual Property is in violation of any license held by Seller or infringes
any proprietary right or interest of any third party. To the knowledge of
Seller, no third party is infringing upon any of the Seller's Intellectual
Property or is in violation of any license to use Seller's Intellectual Property
granted by Seller. Seller holds Seller's Intellectual Property free and clear of
all Liens.

                3.7.4. To the knowledge of Seller, neither the execution or
delivery of this Agreement by Seller will conflict with or result in a breach of
the terms, conditions or provisions of, or constitute a default under, any
contract, covenant or instrument under which the Seller is now obligated. To
Seller's knowledge, Seller does not utilize or believe that it will be necessary
to utilize any inventions, trade secrets, or proprietary information of the
Seller.

        3.8. AGREEMENTS, ETC. Schedule 3.8 (Agreements, Etc.), attached hereto
and incorporated herein by this reference, contains a list and brief description
of all material written contracts, agreements and other instruments related to
the ICCE software and not listed on another Schedule hereto, including, by way
of example, any of the following:

                3.8.1. Sale, advertising, agency, or similar contracts or any
other contract relating to the payment of a commission;

                3.8.2. Agreement which restricts Seller in any way with regard
to the Assets; or 3.8.3. Agreement or arrangement for the sale of any of the
Assets or requiring the consent of any party to the transfer and assignment of
such assets, property and rights.

                3.8.4. Seller has in all material respects performed all the
obligations required to be performed by it to date and is not in default or
alleged to be in default in any respect under any agreement, lease, contract,
commitment, instrument or obligation required to be listed on any Schedule to
this Agreement, and there exists no event, condition or occurrence which, after
notice or lapse of time, or both, would constitute such a default by it of any
of the foregoing.

        3.9. DISCLOSURES. No representation or warranty by Seller contained in
this Agreement, and no statement contained in any certificate, Schedule,
Exhibit, list or other writing furnished to Buyer in connection with this
transaction, contains any untrue statement of a material fact or omits a
material fact necessary in order to make the statements contained herein or
therein not misleading. To the knowledge of Seller, all copies of all writings
furnished to the Buyer hereunder or in connection with the transactions
contemplated hereby are true and complete. To the knowledge of Seller, all
Schedules and Exhibits to this Agreement are true and complete.

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        3.10. NO BANKRUPTCY OR INSOLVENCY. Seller has not filed any voluntary
petition in bankruptcy or been adjudicated a bankrupt or insolvent, filed any
petition or answer seeking any reorganization, liquidation, dissolution or
similar relief under any federal bankruptcy, insolvency, or other debtor relief
law, or sought or consented to or acquiesced in the appointment of any trustee,
receiver, conservator or liquidator of all or any substantial part of its
properties. No court of competent jurisdiction has entered an order, judgment or
decree approving a petition filed against Seller seeking any reorganization,
arrangement, composition, readjustment, liquidation, dissolution or similar
relief under any federal bankruptcy act, or other debtor relief law, and no
other liquidator has been appointed of Seller or of all or any substantial part
of its properties.

        3.11. RELINQUISHMENT OF INTELLECTUAL PROPERTY. Immediately following the
Closing Date, Seller represents and warrants to Buyer that it shall relinquish
the use of Seller's Intellectual Property, as relates to the ICCE software, by
all appropriate acts and filings as may be required with the necessary federal,
state and local authorities, and to acknowledge that Seller has no rights, as
relates to the ICCE software, with respect to the use and exploitation of
Seller's Intellectual Property.

                   SECTION 4. REPRESENTATIONS, WARRANTIES AND
                           CERTAIN AGREEMENTS OF BUYER

        Buyer hereby represents and warrants to and agrees with Seller as
follows.

        4.1. ORGANIZATION, STANDING AND POWER. Buyer is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Colorado. Buyer has all requisite corporate power and authority to execute,
deliver and perform this Agreement and all writings relating hereto.

        4.2. AUTHORITY TO PURCHASE. The Board of Directors of Buyer has duly and
validly authorized the execution, delivery and performance of this Agreement and
all writings relating hereto by Buyer, and all authorizations required of its
shareholders, if any, have also been validly obtained. This Agreement and all
writings relating hereto to be signed by Buyer constitute valid and binding
obligations of Buyer, enforceable in accordance with their respective terms.

                4.2.1. Neither the execution and delivery of this Agreement and
all documents relating to this Agreement, nor the consummation by Buyer of the
transactions contemplated by this Agreement, nor compliance with any of the
provisions of this Agreement will:

                        4.2.1.1. Conflict with or result in a breach of the
Articles of Incorporation or Bylaws of Buyer;

                        4.2.1.2. Violate any statute, law, rule or regulation or
any order, writ, injunction or decree of any court or governmental authority; or

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                        4.2.1.3. Violate or conflict with, or constitute a
default under (or give rise to any right of termination, cancellation or
acceleration under), any material agreement or writing of any nature to which
Buyer is a party. No consent or approval of, or notification to, any
governmental authority is required in connection with the execution and delivery
by Buyer of this Agreement or any writing relating hereto or the consummation of
the transactions contemplated hereby or thereby.

        4.3. DISCLOSURES. No representation or warranty by Buyer contained in
this Agreement, and no statement contained in any certificate or other writing
furnished to Seller in connection with this transaction, contains any untrue
statement of a material fact or omits a material fact necessary in order to make
the statements contained herein or therein not misleading.

                       SECTION 5. [INTENTIONALLY OMITTED.]

             SECTION 6. CONDITIONS PRECEDENT TO BUYER'S PERFORMANCE

        6.1. CONDITIONS PRECEDENT OF OBLIGATIONS OF BUYER. The obligations of
Buyer to perform this Agreement are subject to and conditioned upon the
satisfaction of the following conditions on or prior to the Closing Date, unless
waived in writing by the Buyer, and Seller shall use its best efforts to cause
such conditions to be fulfilled:

                6.1.1. REPRESENTATIONS AND WARRANTIES. The representations and
warranties of the Seller in this Agreement or in any Schedule, Exhibit,
certificate or document delivered in connection herewith shall be true and
correct on the Closing Date.

                6.1.2. PERFORMANCE OF OBLIGATIONS OF SELLER. Seller shall have
performed all agreements and obligations required to be performed by it under
this Agreement prior to the Closing Date.

                6.1.3. NO LITIGATION. No action, suit or other proceeding shall
be pending before any court, tribunal or governmental authority seeking or
threatening to restrain or prohibit the consummation of the transactions
contemplated by this Agreement, or seeking to obtain substantial damages in
respect thereof, or involving a claim that consummation thereof would result in
the violation of any law, decree or regulation of any governmental authority
having appropriate jurisdiction.

                6.1.4. PERFORMANCE BY SELLER. On or before the Closing Date,
Seller will have performed, satisfied and complied in all material respects with
all covenants, agreements and conditions required of it by this Agreement.

                6.1.5. SELLER'S CERTIFICATE. An authorized officer of Seller
shall certify by written document, dated the Closing Date, (the "Seller's
Certificate"), that attached to such Seller's Certificate are complete and
correct copies of resolutions duly adopted by Seller's Board of Directors, which
resolutions have not been modified, amended, or rescinded in any respect and are
in full force and effect on the Closing Date, whereby the directors approve the
form of, and authorize an authorized officer of Seller to execute, deliver and
cause Seller to perform the obligations required by the terms of, this
Agreement.

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        6.2. RELEASE OF SECURITY INTERESTS. Seller shall have delivered to Buyer
such documentation as is reasonably necessary to evidence that all security
interests of any third parties in and to any of the Assets have been, or shall
be, released.

        6.3. LICENSE AGREEMENT. Seller shall have delivered to Buyer an executed
copy of the License Agreement for Temporary Occupancy of Premises in
substantially the form attached hereto as Exhibit A (the "License Agreement").

             SECTION 7. CONDITIONS PRECEDENT TO SELLER'S PERFORMANCE

        7.1. CONDITIONS PRECEDENT OF OBLIGATIONS OF SELLER. The obligations of
the Seller to perform this Agreement are subject to the satisfaction, on or
prior to the Closing Date, of the following conditions, unless waived in writing
by the Seller, and the Buyer shall use its best efforts to cause such conditions
to be fulfilled:

                7.1.1. REPRESENTATIONS AND WARRANTIES. The representations and
warranties of Buyer in this Agreement or in any Schedule, Exhibit, certificate
or document delivered pursuant hereto shall be true and correct on the Closing
Date.

                7.1.2. PERFORMANCE OF OBLIGATIONS OF BUYER. Buyer shall have
performed all obligations required to be performed by it under this Agreement
prior by the Closing Date.

                7.1.3. NO LITIGATION. No action, suit or other proceeding shall
be pending before any court, tribunal or governmental authority seeking or
threatening to restrain or prohibit the consummation of the transactions
contemplated by this Agreement, or seeking to obtain substantial damages in
respect thereof, or involving a claim that consummation thereof would result in
the violation of any law, decree or regulation of any governmental authority
having appropriate jurisdiction.

                7.1.4. CORPORATE APPROVALS. The board of directors of Buyer, and
to the extent required the shareholders of Buyer, shall have duly authorized and
approved the execution and delivery of this Agreement and all corporate action
necessary or proper to fulfill Buyer's obligations hereunder on or before the
Closing Date.

                7.1.5. BUYERS CERTIFICATE. An authorized officer of Buyer shall
certify by written document, dated the Closing Date (the "Buyer's Certificate"),
that attached to such Buyer's Certificate are complete and correct copies of
resolutions duly adopted by Buyer's Board of Directors, which resolutions have
not been modified, amended, or rescinded in any respect and are in full force
and effect on the Closing Date, whereby the directors and shareholders approve
the form of, and authorize an authorized officer of Buyer to execute, deliver
and cause Buyer to perform the obligations required by the terms of the
Agreement.

        7.2. LICENSE AGREEMENT. Buyer shall have delivered to Seller an executed
copy of the License Agreement.

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                             SECTION 8. THE CLOSING

        8.1. TIME AND PLACE. The sale and purchase described in this Agreement
shall be consummated at 10:00 A.M. local time on March 23, 2001, at the offices
of Riordan & McKinzie, 600 Anton Boulevard, 18th Floor, Costa Mesa, California
92626, or such other time, date and place as otherwise agreed by the parties
("Closing" or "Closing Date").

        8.2. CLOSING TRANSACTIONS. At the Closing:

                8.2.1. Seller shall deliver to Buyer:

                (i) Such bills of sale and other instruments of assignment,
transfer and conveyance provided for in Paragraph 1.3 above; and

                (ii) Seller's Certificate.

                8.2.2. Buyer shall deliver to Seller:

                (i) The Closing Date Payment provided for in Paragraph 1.4
above; and

                (ii) Buyer's Certificate.

                         SECTION 9. INDEMNITY AGREEMENT

        9.1. INDEMNIFICATION BY SELLER. Seller covenants and agrees to
indemnify, defend, protect and hold harmless Buyer and its subsidiaries, and
their respective officers, directors, employees, agents, representatives,
assigns and successors (collectively, "Buyer's Indemnified Parties") from,
against, and in respect of all liabilities, losses, claims, damages, punitive
damages, causes of action, lawsuits, administrative proceedings (including
informal proceedings), investigations, audits, demands, assessments,
adjustments, judgments, settlement payments, deficiencies, penalties, fines,
interest (including interest from the date of such damages) and costs and
expenses (including without limitation reasonable attorneys' fees and
disbursements of every kind, nature and description) (collectively, "Damages")
suffered, sustained, incurred or paid by the Buyer's Indemnified Parties
resulting from or arising out of, directly or indirectly:

                9.1.1. Any breach of any representation or warranty of Seller
set forth in this Agreement (including without limitation any schedule or
certificate, delivered by or on behalf of Seller in connection with this
Agreement);

                9.1.2. Any breach of any covenant or agreement by Seller, under
this Agreement; or

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                9.1.3. Any untrue statement of a material fact relating to
Seller and provided to Buyer or its counsel by Seller or Seller's
representatives (or counsel therefor) that is thereafter included in any SEC
filings made by or on behalf of Buyer or any amendment thereof or supplement
thereto; or any failure by Seller or Seller's representatives (or counsel
therefor) to disclose to Buyer a material fact relating to Seller that may be
required to be stated in any such SEC filings or any amendment thereof or
supplement thereto, or that may be necessary to make the statements therein not
misleading;

                9.1.4. Any action, suit, claim or proceedings of any kind
brought by a past employee or past or present shareholder of Seller in
connection with any event, action or course of action that occurred during such
employee's employment with Seller or during the time such shareholder owned
shares of Seller; or

                9.1.5. Any action, suit, claim or proceedings of any kind
brought by any officer, director or shareholder of Seller against any of those
persons who were officers of Seller during the time of the negotiation and
execution of this Agreement claiming that any such person has breached his
fiduciary duty to Seller as a result of his or her participation with Buyer in
the negotiation and execution of this Agreement.

In no event shall the aggregate amount payable by Seller to Buyer under this
Section 9.1 exceed the Purchase Price plus the amount of all royalties payable
hereunder.

        9.2. INDEMNIFICATION BY BUYER. Buyer covenants and agrees to indemnify,
defend, protect and hold harmless Seller and its employees, agents,
representatives, assigns and successors (collectively, "Seller's Indemnified
Parties") from, against and in respect of all Damages suffered, sustained,
incurred or paid by Seller's Indemnified Parties, resulting from or arising out
of, directly or indirectly:

                9.2.1. Any breach of any representation or warranty of Buyer set
forth in this Agreement;

                9.2.2. Any breach of any covenant or agreement by Buyer under
this Agreement; or

                9.2.3. Any untrue statement of a material fact relating to Buyer
(except for statements of material facts provided by Buyer (or counsel
therefore) included in any SEC filings, or any amendment thereof or supplement
thereto; or any omission of a material fact relating to Buyer (except for
omissions of material facts required to be provided by Seller) required to be
stated in any SEC filings, or any amendment thereof or supplement thereto, or
necessary to make the statements therein not misleading. 9.3. CLAIMS. With
respect to each claim for indemnification under this Agreement, the indemnified
party shall give prompt notice to the indemnifying party of the claim, provided
that failure to give such notice promptly shall not relieve or limit the
obligations of the indemnifying party unless the indemnifying party has been
materially prejudiced thereby. The indemnifying party, at its sole cost and
expense, may, upon notice to the indemnified party within fifteen (15)

                                    Page 11
<PAGE>   12

calendar days after the indemnifying party receives notice of the claim,
participate in the defense of the claim. If the indemnifying party does not
elect within such period to participate in the defense of a claim, then the
indemnified party shall have the right to select counsel and proceed which such
defense, and the cost thereof shall be included in the Damages. Each party
shall, in connection with the defense of any action, cooperate with one another
in order to defend, pursue and/or negotiate the settlement or other resolution
of such matter, in each case, at no cost to the requesting party. The
indemnifying party shall not consent to a settlement of, or the entry of any
judgment arising from, any claim, unless (i) the settlement or judgment is
solely for money damages and the indemnifying party admits in writing its
liability to hold the indemnified party harmless from and against any losses,
damages, expenses and liabilities arising out of such settlement or judgment, or
(ii) the indemnified party consents thereto, which consent shall not be
unreasonably withheld. The indemnifying party shall provide the indemnified
party with fifteen (15) calendar days notice prior to consenting to a settlement
of, or the entry of a judgment arising from, any claim. If the indemnifying
party does not participate in the defense of any claim in accordance with the
terms of this Agreement, then the indemnifying party shall be bound by the
results obtained by the indemnified party with respect to the claim.

        9.4. REMEDY. The indemnification provisions of this Agreement shall
constitute the sole and exclusive remedy of the parties hereto with respect to
claims for monetary damages arising out of or related to this Agreement. Except
as aforesaid, the parties will each have and retain all other rights and
remedies existing in their favor in equity, including, without limitation, any
actions for specific performance and/or injunctive or other equitable relief to
enforce or prevent any violations of any provisions of this Agreement.

             SECTION 10. SURVIVAL OF REPRESENTATIONS AND WARRANTIES

        All representations and warranties made by any party to this Agreement
or pursuant hereto shall survive for a period of one (1) year from the date of
Closing of the transactions hereunder. The representations and warranties
hereunder shall not be affected or diminished by any investigation at any time
by or on behalf of the party for whose benefit such representations and
warranties were made. All statements contained herein or in any certificate,
Schedule, Exhibit, list or other document delivered pursuant hereto or in
connection with the transactions contemplated hereby shall be deemed to be
representations and warranties.

                            SECTION 11. MISCELLANEOUS

        11.1. PARTIES IN INTEREST. This Agreement shall be binding upon, inure
to the benefit of, and be enforceable by Seller and its successors and assigns,
and Buyer and its successors and assigns. Buyer shall have the right, upon five
days prior notification to Seller, to direct Seller to convey title to the
Assets acquired by Buyer to a subsidiary corporation organized by the Buyer, or
to any third party as determined by Buyer, in which event, the applicable
conveyance documents shall be in the name of such subsidiary.

                                    Page 12
<PAGE>   13

        11.2. HEADINGS. The section and subsection headings contained in this
Agreement are for reference purposes only and shall not affect in any way the
meaning or interpretation of this Agreement.

        11.3. NOTICES. All notices, claims, certificates, requests, demands and
other communications ("communication") hereunder shall be in writing and shall
be deemed to have been duly given when mailed (by registered or certified mail,
postage prepaid) addressed as follows:

         If to Buyer, to:           ICCE Technologies, Inc.
                                    Attn: Matthew C. Amen, President
                                    5300 Preserve Parkway South
                                    Greenwood Village, Colorado 80121

         With a copy to:            Andrew Bernstein, P.C.
                                    Attn: Andrew N. Bernstein
                                    5445 DTC Parkway, Suite 520
                                    Greenwood Village, Colorado 80111

         If to Seller, to:          Emergent Information Technologies, Inc.
                                    Attn: Cathy Wood
                                    4695 MacArthur Court
                                    8th Floor
                                    Newport Beach, California 92660

         With a copy to:            Riordan & McKinzie
                                    Attn:  James W. Loss, Esq.
                                    600 Anton Blvd.
                                    18th Floor
                                    Costa Mesa, CA 92626

or to such other address as the person to whom notice is to be given may have
furnished to the other in writing in accordance herewith. A communication given
by any other means shall be deemed duly given when actually received by the
addressees.

                                    Page 13
<PAGE>   14

        11.4. FURTHER ASSURANCES. After the Closing Date, without further
consideration, Seller and Buyer shall execute and deliver such further
instruments and documents as either party shall reasonably request to consummate
the transactions contemplated by the Agreement and to perfect Buyer's title to
the Assets. If reasonably requested by Buyer, Seller will prosecute or otherwise
enforce in its own name for the benefit of Buyer any claims, rights, or benefits
that are transferred to Buyer under this Agreement and that require prosecution
or enforcement in Seller's name. Any prosecution or enforcement of claims,
rights, or benefits under this Paragraph will be solely at Buyer's expense,
unless the prosecution or enforcement is made necessary by a breach of this
Agreement by Seller.

        11.5. WAIVERS. Any party to this Agreement may, by written notice to the
other party hereto, waive any provision of this Agreement. The waiver by any
party hereto of a breach of any provision of this Agreement shall not operate or
be construed as a waiver of any subsequent, same or different breach.

        11.6. ENTIRE AGREEMENT. This instrument with its attachments constitutes
the entire agreement between Buyer and Seller respecting the sale of the Assets
by Seller to Buyer, and any agreement or representation respecting the assets or
their sale by Seller to Buyer not expressly set forth in this instrument is null
and void.

        11.7. GOVERNING LAW. This Agreement shall be governed and all rights and
liabilities under it determined in accordance with the laws of the State of
Colorado in effect on this date.

        11.8. COUNTERPARTS. This Agreement may be executed in two or more
counterparts, each of which shall be an original, but all of which shall
constitute but one Agreement.

        11.9. EXPENSES. Each party shall pay all of its own costs and expenses
incurred by it in negotiating and preparing this Agreement and in closing and
carrying out the transactions contemplated herein and hereby.

                                    Page 14
<PAGE>   15

        Executed by the parties as of the day and year first above written.

SELLER:

        EMERGENT INFORMATION TECHNOLOGIES, INC.

                                       BY:
                                           -------------------------------------
                                           AJAY PATEL, CHIEF OPERATING
                                           OFFICER

                                       BY:
                                           -------------------------------------
                                           CATHY WOOD, SECRETARY

BUYER:

        ICCE TECHNOLOGIES, INC.

                                       BY:
                                           -------------------------------------
                                           MATTHEW C. AMEN, PRESIDENT AND
                                           SECRETARY

                                    Page 15
<PAGE>   16

                              SCHEDULE 1.1 - ASSETS

        Buyer will purchase from Seller all those assets described below:

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
1     n/a                                        The trademark listed on Schedule 3.7.1.
--------------------------------------------------------------------------------------------------------------------
2     1       Magenta        RFM7040             Workstation RGB Mux
              Research
--------------------------------------------------------------------------------------------------------------------
3     1       Magenta        RFD7040             Workstation RGB Demux
              Research
--------------------------------------------------------------------------------------------------------------------
4     1       Magenta        None                Power supply, 15V DC (for Mux/Demux) two per link required
              Research
--------------------------------------------------------------------------------------------------------------------
5     1       Magenta        MPM                 Mux Personality Module
              Research
--------------------------------------------------------------------------------------------------------------------
6     1       Magenta        DPM                 DeMux Personality Module
              Research
--------------------------------------------------------------------------------------------------------------------
7     1       Magenta        None                Cable set (based on standard 6/8 foot lengths)
              Research
--------------------------------------------------------------------------------------------------------------------
8     1       Magenta        None                Attenuator set
              Research
--------------------------------------------------------------------------------------------------------------------
9     1       Magenta        QuadBox             The QuadBox is for use with native PS/2, or SUN style keyboards.
              Research
--------------------------------------------------------------------------------------------------------------------
10    1       Magenta        QuadPlus            The QuadPlus system kit includes a QuadBox, Magenta Research
              Research                           Universal Keyboard, rollerball mouse.
--------------------------------------------------------------------------------------------------------------------
11    1       Magenta        DualQuad            QuadPlus with a second QuadPlus added to allow eight port
              Research                           switching
--------------------------------------------------------------------------------------------------------------------
12    1       Magenta        QuadShare           Addition of the QuadShare calbe allows 2 QuadPlus users to share
              Research                           two CPUs.
--------------------------------------------------------------------------------------------------------------------
13    1       Magenta        QuadView2           Adds video switching to the QuadBox or QuadPlus
              Research
--------------------------------------------------------------------------------------------------------------------
14    1       Magenta        None                Power Pack, 9V (U.S.)
              Research
--------------------------------------------------------------------------------------------------------------------
15    1       Magenta        QuadView2x4         4 input x 2 output 15pin VGA Video Switch, RS232 controlled
              Research
--------------------------------------------------------------------------------------------------------------------
16    1       Magenta        QuadLink            Long Haul Link allows QuadBox (with or without QuadView) to be
              Research                           located up to 2000 feet from the user's Magenta Research
                                                 Universal keyboard and mouse.  PS/2 kybd/mouse requires 2.
--------------------------------------------------------------------------------------------------------------------
17    1       Magenta        Octave              1x8 multiplatform keyboard / mouse / video switch
              Research
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 16
<PAGE>   17

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
18    1       Magenta        OctavePlus          The OctavePlus system kit includes an Octave, Magenta Research
              Research                           Universal Keyboard, rollerball mouse.
--------------------------------------------------------------------------------------------------------------------
19    1       Magenta        Works-in-a-Drawer   2U rack-mount drawer with built-in Octave, keyboard, mouse and LCD
              Research
--------------------------------------------------------------------------------------------------------------------
20    1       Magenta        None                Works-in-a-Drawer w/o LCD display
              Research
--------------------------------------------------------------------------------------------------------------------
21    1       Magenta        DUO                 1x2 multiplatform keyboard / mouse / video switch
              Research
--------------------------------------------------------------------------------------------------------------------
22    1       Magenta        DUO w/o Video       1x2 multiplatform keyboard / mouse switch
              Research
--------------------------------------------------------------------------------------------------------------------
23    1       Magenta        Universal Keyboard  Universal Keyboard w/ LCD Display and added function keys
              Research
--------------------------------------------------------------------------------------------------------------------
24    1       Magenta        Duo/QuadBox/Octave  Connects CPU Keyboard/Mouse to unit:
              Research
--------------------------------------------------------------------------------------------------------------------
25    1       Magenta        4401819-06          PS/2 Keyboard/Mouse
              Research
--------------------------------------------------------------------------------------------------------------------
26    1       Magenta        4401816-06          SUN Keyboard/Mouse
              Research
--------------------------------------------------------------------------------------------------------------------
27    1       Magenta        8450270-66          MAC Keyboard/Mouse
              Research
--------------------------------------------------------------------------------------------------------------------
28    1       Magenta        8450269-06          DEC Keyboard/Mouse
              Research
--------------------------------------------------------------------------------------------------------------------
29    1       Magenta        Duo/Octave Video    Connects CPU Video to unit (also req'd to connect monitor to
              Research                           Octave):
--------------------------------------------------------------------------------------------------------------------
30    1       Magenta        8450265-06          PC video/VGA economy cable
              Research
--------------------------------------------------------------------------------------------------------------------
31    1       Magenta        8450265-06F         PC video/VGA Hi-Res cable
              Research
--------------------------------------------------------------------------------------------------------------------
32    1       Magenta        8450268-06          SUN 13W3 Video
              Research
--------------------------------------------------------------------------------------------------------------------
33    1       Magenta        8450267-06          MAC Video
              Research
--------------------------------------------------------------------------------------------------------------------
34    1       Magenta        Call for info       DEC Video
              Research
--------------------------------------------------------------------------------------------------------------------
35    1       Magenta        Octave inter-unit   To cascade multiple Octave units:
              Research       cables
--------------------------------------------------------------------------------------------------------------------
36    1       Magenta        4401942-06          Octave cascade cable
              Research
--------------------------------------------------------------------------------------------------------------------
37    1       Magenta        Octave console      Connects user keyboard/mouse to unit.  To connect monitor, see
              Research                           Video cables.
--------------------------------------------------------------------------------------------------------------------
38    1       Magenta        8450274-06A         PS/2 Keyboard/Mouse
              Research
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 17
<PAGE>   18

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
39    1       Magenta        8450275-06A         SUN Keyboard/Mouse
              Research
--------------------------------------------------------------------------------------------------------------------
40    1       Magenta        MTC                 miniTASCC Client Unit
              Research
--------------------------------------------------------------------------------------------------------------------
41    1       Magenta        MTS                 miniTASCC Server Unit
              Research
--------------------------------------------------------------------------------------------------------------------
42    1       Magenta        MTV                 miniTASCC 8x4 or 4x8 RGV Video Switch
              Research
--------------------------------------------------------------------------------------------------------------------
43    1       Magenta        VGA-RGB             Converts standard 15-pin VGA to RGsB BNC
              Research
--------------------------------------------------------------------------------------------------------------------
44    1       Magenta        SUN-RGB             Converts standard SUN 13W3 to RGsB BNC
              Research
--------------------------------------------------------------------------------------------------------------------
45    1       Magenta        RGB-VGA-A           Converts RGsB to 15-pin VGA requiring separate H&V sync
              Research
--------------------------------------------------------------------------------------------------------------------
46    1       Magenta        RGB-VGA-A-PS        9 volt power supply for above
              Research
--------------------------------------------------------------------------------------------------------------------
47    1       Magenta        RGB-VGA-P           Converts RGB to 15-pin VGA accepting sync-on-green
              Research
--------------------------------------------------------------------------------------------------------------------
48    1       Magenta        KPS-2               PS/2 style Keyboard splitter
              Research
--------------------------------------------------------------------------------------------------------------------
49    1       Magenta        MPS-2               PS/2 style Mouse splitter
              Research
--------------------------------------------------------------------------------------------------------------------
50    1       Magenta        VS-2                VGA Monitor splitter
              Research
--------------------------------------------------------------------------------------------------------------------
51    1       Magenta        SPK-2               Dual Console Kit (includes one each above items)
              Research
--------------------------------------------------------------------------------------------------------------------
52    1       Magenta        MV-T                Transmitter - RGB over UTP
              Research
--------------------------------------------------------------------------------------------------------------------
53    1       Magenta        MV-R                Receiver - RGB over UTP
              Research
--------------------------------------------------------------------------------------------------------------------
54    1       Magenta        MV-R-2              Optional Receiver - for 2 receiver daisy-chain
              Research
--------------------------------------------------------------------------------------------------------------------
55    1       Magenta        MV-DA               Distribution Amplifier 1x6 RGB UTP
              Research
--------------------------------------------------------------------------------------------------------------------
56    1       Magenta        MV-DA-PS-65         Power Supply for Distribution Amp, 65W
              Research
--------------------------------------------------------------------------------------------------------------------
57    1       Magenta        MV-DA-PS-100        Power Supply for Distribution Amp, 100W
              Research
--------------------------------------------------------------------------------------------------------------------
58    1       Magenta        MV-TR-PS            Power Supply for transmitter/receiver (when not using Amplifier)
              Research
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 18
<PAGE>   19

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
59    1       Magenta        PC-LINK             Allows remote placement of a PC over CAT5 UTP - up to 500 feet.
              Research                           Complete package includes transmitter, receiver and interface
                                                 cabling.
--------------------------------------------------------------------------------------------------------------------
60    1       Miranda        ASD-271p            Digital Video Line Processors
              Technologies
--------------------------------------------------------------------------------------------------------------------
61    1       Miranda        Quartz              Composite, Y/C, CAV & Digital 4:2:2 Line Quadrupler
              Technologies
--------------------------------------------------------------------------------------------------------------------
62    1       Miranda        Quartz-LDX          Composite, Y/C, CAV & Digital 4:2:2 Line Doubler
              Technologies
--------------------------------------------------------------------------------------------------------------------
63    1       Miranda        Quartz-LD           Composite, Y/C, Line Doubler
              Technologies
--------------------------------------------------------------------------------------------------------------------
64    1       Miranda        316-001D            Screen-FX Virtual Video Wall Processor
              Technologies
--------------------------------------------------------------------------------------------------------------------
65    1       Miranda        Screen-FX Frame I   Frame, User/Controler Software and RGBS(HV) outputs
              Technologies
--------------------------------------------------------------------------------------------------------------------
66    1       Miranda        Screen-FX Frame II  Frame I + Analog or Digital Internal Routing Switcher
              Technologies
--------------------------------------------------------------------------------------------------------------------
67    1       Miranda        Screen-FX Frame III Frame II + Standalone User/Controler Software & Hardware
              Technologies
--------------------------------------------------------------------------------------------------------------------
68    1       Miranda        Screen-16A          Dual Analog Input Board Composite or Y/C (NTSC/PAL)
              Technologies
--------------------------------------------------------------------------------------------------------------------
69    1       Miranda        Screen-16D          Dual Digital 4:2:2 Input Board (525/625)
              Technologies
--------------------------------------------------------------------------------------------------------------------
70    1       Miranda        Screen-16VGA        Dual VGA Input Board RGBHV (640x480 up to 1280x1024)
              Technologies
--------------------------------------------------------------------------------------------------------------------
71    1       Miranda        Composite Output    Genlockable NTSC/PAL Composite Output Board
              Technologies
--------------------------------------------------------------------------------------------------------------------
72    1       Miranda        SFX TouchScreen PC  800x600 10.5" TFT Touch Screen with 4 com ports
              Technologies
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 19
<PAGE>   20

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
73    1       Miranda                            picoLink Series Video Encoders, Decoders and ARCs
              Technologies
--------------------------------------------------------------------------------------------------------------------
74    1       Miranda        ASD-171p            Component Analog Video to 4:2:2 Converter
              Technologies
--------------------------------------------------------------------------------------------------------------------
75    1       Miranda        ASD-271p            NTSC/PAL/SECAM to 4:2:2 Converter
              Technologies
--------------------------------------------------------------------------------------------------------------------
76    1       Miranda        ASD-272p            S-Video to 4:2:2 Decoder
              Technologies
--------------------------------------------------------------------------------------------------------------------
77    1       Miranda        SDM-171p            4:2:2 to Component Analog Video Converter
              Technologies
--------------------------------------------------------------------------------------------------------------------
78    1       Miranda        SDM-271p            4:2:2 to NTSC/Pal Encoder
              Technologies
--------------------------------------------------------------------------------------------------------------------
79    1       Miranda        SDM-272p            4:2:2 to S-Video Encoder
              Technologies
--------------------------------------------------------------------------------------------------------------------
80    1       Miranda        DEC-271p            NTSC/PAL/SECAM to CAV Decoder and ARC
              Technologies
--------------------------------------------------------------------------------------------------------------------
81    1       Miranda        DEC-272p            NTSC/PAL/SECAM to S-Video Decoder and ARC
              Technologies
--------------------------------------------------------------------------------------------------------------------
82    1       Miranda        ARC-371p            NTSC/PAL/SECAM Aspect Ratio Converter
              Technologies
--------------------------------------------------------------------------------------------------------------------
83    1       Miranda                            picoLink Series Audio Converters
              Technologies
--------------------------------------------------------------------------------------------------------------------
84    1       Miranda        IDA-771p/75         AES/EBU 75ohm to 110 ohm Repeater/Impedance Converter
              Technologies
--------------------------------------------------------------------------------------------------------------------
85    1       Miranda        IDA-771p/110        AES/EBU 110ohm to 75ohm Repearter/Impedance Converter
              Technologies
--------------------------------------------------------------------------------------------------------------------
86    1       Miranda        ASD-771p/75         75ohm AES/EBU Analog to Digital Converter
              Technologies
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 20
<PAGE>   21

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
87    1       Miranda        ASD-771p/110        110ohm AES/EBU Analog to Digital Converter
              Technologies
--------------------------------------------------------------------------------------------------------------------
88    1       Miranda        SDM-771p/75         75ohm AES/EBU Digital to Analog Converter
              Technologies
--------------------------------------------------------------------------------------------------------------------
89    1       Miranda        SDM-771p/110        110ohm AES/EBU Digital to Analog Converter
              Technologies
--------------------------------------------------------------------------------------------------------------------
90    1       Miranda                            picoLink Series Multiplexers and Demultiplexers
              Technologies
--------------------------------------------------------------------------------------------------------------------
91    1       Miranda        ADX-171p            Analog Audio Demultiplexer
              Technologies
--------------------------------------------------------------------------------------------------------------------
92    1       Miranda        ADX-172p/75         Dual AES/EBU 75ohm Audio Demultiplexer
              Technologies
--------------------------------------------------------------------------------------------------------------------
93    1       Miranda        ADX-172p/110        Dual AES/EBU 110ohm Audio Demultiplexer
              Technologies
--------------------------------------------------------------------------------------------------------------------
94    1       Miranda                            Power Supply Options for Picolink and MicroLink Series
              Technologies
--------------------------------------------------------------------------------------------------------------------
95    1       Miranda        LKS-WSA             Wall Plug-in power Supply for 110 V
              Technologies
--------------------------------------------------------------------------------------------------------------------
96    1       Miranda        LKS-WSE             Wall Plug-in power Supply for 220 V
              Technologies
--------------------------------------------------------------------------------------------------------------------
97    1       Miranda        LKS-CPS             Centralized Power Supply for up to 10 Links
              Technologies
--------------------------------------------------------------------------------------------------------------------
98    1       Miranda                            Digipath Sahara Routers
              Technologies
--------------------------------------------------------------------------------------------------------------------
99    1       Miranda                            Sahara 16X Routers
              Technologies
--------------------------------------------------------------------------------------------------------------------
100   1       Miranda        1616RGBHV-A2        16x16  RGBHV & Audio (Stereo) Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 21
<PAGE>   22

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
101   1       Miranda        1616RGBHV           16x16  RGBHV Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
102   1       Miranda        88RGBHV-A2          8x8  RGBHV & Audio (Stereo) Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
103   1       Miranda        88RGBHV             8x8 RGBHV Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
104   1       Miranda        44RGBHV-A2          4x4  RGBHV & Audio (Stereo) Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
105   1       Miranda        44RGBHVC            4x4  RGBHV & Composite Video Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
106   1       Miranda        44RGBS              4x4  RGBS Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
107   1       Miranda        RS-16X16-V-M        16X16  Analog Video Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
108   1       Miranda        RS-16X16-V-S        16X16  Analog Video Router-Slave
              Technologies
--------------------------------------------------------------------------------------------------------------------
109   1       Miranda        RSM-16X16-V         Option:  additional 16X16 Analog Video module
              Technologies
--------------------------------------------------------------------------------------------------------------------
110   1       Miranda        RS-16X16-A2-M       16X16  Analog Stereo Audio Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
111   1       Miranda        RS-16X16-A2-S       16X16  Analog Stereo Audio Router-Slave
              Technologies
--------------------------------------------------------------------------------------------------------------------
112   1       Miranda        RSM-16X16-A2        Option:  additional analog audio stereo 16X16 module
              Technologies
--------------------------------------------------------------------------------------------------------------------
113   1       Miranda        RS-16X8-A2-M        Analog Stereo Audio Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
114   1       Miranda        RS-16X8-A2-S        Analog Stereo Audio Router-Slave
              Technologies
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 22
<PAGE>   23

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
115   1       Miranda        RSM-16X8-A2         Option:  additional analog audio stereo 16X8 module
              Technologies
--------------------------------------------------------------------------------------------------------------------
      1       Miranda        RS-16X16-A-M        16X16  Analog Mono Audio Router-Master
116           Technologies
--------------------------------------------------------------------------------------------------------------------
117   1       Miranda        RS-16X16-A-S        16X16  Analog Mono Audio Router-Slave
              Technologies
--------------------------------------------------------------------------------------------------------------------
118   1       Miranda        RSM-16X16-A         Option:  additional analog audio mono 16X16 module
              Technologies
--------------------------------------------------------------------------------------------------------------------
119   1       Miranda        RS-16X16-A4-M       16X16  Quad Analog Audio Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
120   1       Miranda        RS-16X16-A4-S       16X16  Quad Analog Audio Router-Slave
              Technologies
--------------------------------------------------------------------------------------------------------------------
121   1       Miranda        RS-16X16-VA2-M      16X16  Analog Video & Stereo Analog Audio-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
122   1       Miranda        RS-16X16-VA2-S      16X16  Analog Video & Stereo Analog Audio-Slave
              Technologies
--------------------------------------------------------------------------------------------------------------------
123   1       Miranda        RS-16X8-VA2-M       16X8  Analog Video & Stereo Analog Audio Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
124   1       Miranda        RS-16X8-VA2-S       16X8  Analog Video & Stereo Analog Audio Router-Slave
              Technologies
--------------------------------------------------------------------------------------------------------------------
125   1       Miranda        RS-16X16-DA110-M    16X16  AES/EBU-110 balanced, transformer coupled-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
126   1       Miranda        RS-16X16-DA110-S    16X16  AES/EBU-110 balanced, transformer coupled-Slave
              Technologies
--------------------------------------------------------------------------------------------------------------------
127   1       Miranda        RSM-16X16-DA110     Option:  Additional AES/EBU-110 16X16 module
              Technologies
--------------------------------------------------------------------------------------------------------------------
128   1       Miranda        RS-16X16-DV-M       16X16  Serial Digital Video Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 23
<PAGE>   24

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
129   1       Miranda        RS-16X16-DV-S       16X16  Serial Digital Video Router-Slave
              Technologies
--------------------------------------------------------------------------------------------------------------------
      1       Miranda                            Sahara 16X Routers
130           Technologies
--------------------------------------------------------------------------------------------------------------------
131   1       Miranda        RS-32X32-V-M        32X32  Analog Video Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
132   1       Miranda        RS-32X32-V-S        32X32  Analog Video Router-Slave
              Technologies
--------------------------------------------------------------------------------------------------------------------
133   1       Miranda        RS-32X16-V-M        32X16  Analog Video Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
134   1       Miranda        RS-32X16-V-S        32X16  Analog Video Router-Slave
              Technologies
--------------------------------------------------------------------------------------------------------------------
135   1       Miranda        RS-32X32-A-M        32X32  Analog Audio Mono Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
136   1       Miranda        RS-32X32-A-S        32X32  Analog Audio Mono Router-Slave
              Technologies
--------------------------------------------------------------------------------------------------------------------
137   1       Miranda        RSM-32X32-A         Option:  Additional Analog Audio Mono 32X32 module
              Technologies
--------------------------------------------------------------------------------------------------------------------
138   1       Miranda        RS-32X16-A-M        32X16  Analog Audio Mono Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
139   1       Miranda        RS-32X16-A-S        32X16  Analog Audio Mono Router-Slave
              Technologies
--------------------------------------------------------------------------------------------------------------------
140   1       Miranda        RSM-32X16-A         Option:  Additional Analog Audio Mono 32X16 Module
              Technologies
--------------------------------------------------------------------------------------------------------------------
141   1       Miranda        RS-32X32-A2-M       32X32  Analog Stereo Audio Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
142   1       Miranda        RS-32X32-A2-S       32X32  Analog Stereo Audio Router-Slave
              Technologies
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 24
<PAGE>   25

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
143   1       Miranda        RS-32X16-A2-M       32X16  Analog Stereo Audio Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
      1       Miranda        RS-32X16-A2-S       32X16  Analog Stereo Audio Router-Slave
144           Technologies
--------------------------------------------------------------------------------------------------------------------
145   1       Miranda        RS-32X32-DV-M       32X32  Serial Digital Video Router-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
146   1       Miranda        RS-32X32-DV-S       32X32  Serial Digital Video Router-Slave
              Technologies
--------------------------------------------------------------------------------------------------------------------
147   1       Miranda        RS-32X32-DA-M       AES/EBU-110 balanced, transformer coupled-Master
              Technologies
--------------------------------------------------------------------------------------------------------------------
148   1       Miranda        RS-32X32-DA-S       AES/EBU-110 balanced, transformer coupled-Slave
              Technologies
--------------------------------------------------------------------------------------------------------------------
149   1       Miranda                            Digipath Sahara Router Control Panels
              Technologies
--------------------------------------------------------------------------------------------------------------------
150   1       Miranda                            Configurable with Alphanumeric display
              Technologies
--------------------------------------------------------------------------------------------------------------------
151   1       Miranda        LP-AND-16X16        16X16  Local panel
              Technologies
--------------------------------------------------------------------------------------------------------------------
152   1       Miranda        RP-AND-16X16        16X16  Remote panel
              Technologies
--------------------------------------------------------------------------------------------------------------------
153   1       Miranda        RP-AND-32X1         MultiBus Remote panel
              Technologies
--------------------------------------------------------------------------------------------------------------------
154   1       Miranda        RP-AND-XY           XY Remote panel
              Technologies
--------------------------------------------------------------------------------------------------------------------
155   1       Miranda                            Configurable with Alphanumeric display
              Technologies
--------------------------------------------------------------------------------------------------------------------
156   1       Miranda        RP-PB-16X1          16X1  Remote panel (Univ. P.S.)
              Technologies
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 25
<PAGE>   26

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
157   1       Miranda        RP-PB-32X1          32X1  Remote panel (Univ. P.S.)
              Technologies
--------------------------------------------------------------------------------------------------------------------
      1       Miranda        RP-PB-32X32         32X32  Remote panel
158           Technologies
--------------------------------------------------------------------------------------------------------------------
159   1       Altinex        CB3703MR            3ft VGA-VGA (M)
--------------------------------------------------------------------------------------------------------------------
160   1       Altinex        CB3803HR            3ft VGA F-F
--------------------------------------------------------------------------------------------------------------------
161   1       Altinex        MS8102CA            6ft 5BNC-VGA (M)
--------------------------------------------------------------------------------------------------------------------
162   1       Bi-Tronics     CV-CPMC885          3 Piece BNC Plug
--------------------------------------------------------------------------------------------------------------------
163   1       Bi-Tronics     CV-A2106            BNC/RCA Adapter
--------------------------------------------------------------------------------------------------------------------
164   1       Bi-Tronics     YD-603BK            Cat5 Data Cable - 3ft
--------------------------------------------------------------------------------------------------------------------
165   1       Bi-Tronics     TV-BNCXT            BNC Extraction Tool
--------------------------------------------------------------------------------------------------------------------
166   1       Altinex        CC-MS8112CA         Custom Cable like MS8112CA; 2ft 5BNC-VGA (F)
--------------------------------------------------------------------------------------------------------------------
167   1       Altinex        MS8123CA            15PHD (M) - 13W3 (F)
--------------------------------------------------------------------------------------------------------------------
168   1       Altinex        CB3925HR            15PHD (M) - 15PHD (F)
--------------------------------------------------------------------------------------------------------------------
169   1       CCC Inc.       FV230PSU            Server Interface Chassis - 14U high chassis with integral
                                                 signaling backplane.  Accepts up to (1) Control card, (4) Server
                                                 cards, and (16) Matrix control cards.  Includes Regulated and
                                                 redundant (option) linear power supply units for the server
                                                 interface.
--------------------------------------------------------------------------------------------------------------------
170   1       CCC Inc.       FVCADCC             Server Interface Control Card - Provides control of the matrix
                                                 via control signals on the backplane.
--------------------------------------------------------------------------------------------------------------------
171   1       CCC Inc.       FVCASIC             Server Interface Card - Connects 16 servers to the backplane
                                                 forming part of the video and signaling matrix.
--------------------------------------------------------------------------------------------------------------------
172   1       CCC Inc.       FVCAMC              Scalable Matrix Card - Connects 32 users to the backplane forming
                                                 part of the video and signaling matrix.
--------------------------------------------------------------------------------------------------------------------
173   1       CCC Inc.       FVADCC              User Interface Control Card - Provides control of the user
                                                 interface cards via control signals on the backplane.
--------------------------------------------------------------------------------------------------------------------
174   1       CCC Inc.       FVCAUIC             User Interface Card - Connects the video and signaling matrix to
                                                 the server control work areas.
--------------------------------------------------------------------------------------------------------------------
175   1       CCC Inc.       MC-2                Cabling Interconnect Cables - High density interconnect cables
                                                 used between chassis.
--------------------------------------------------------------------------------------------------------------------
176   1       CCC Inc.       CB-IC-A02           Various Cabling
--------------------------------------------------------------------------------------------------------------------
177   7       CCC Inc.       FD2-04-TX           FreeDesk Quad Transmit Unit - Provides connection to server,
                                                 Monitor, keyboard, and mouse signals that are inputted and
                                                 transmitted over Category 5 twisted pair cabling to the server
                                                 switch.
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 26
<PAGE>   27

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
178   3       CCC Inc.       FD201RXF            FreeDesk Desktop Receive Unit - Accepts signals from the server
                                                 switch and converts them to Monitor, keyboard, and mouse
                                                 outputs.  Used at each user screen.  Includes Power supply module
                                                 for the FreeDesk destop receive unit.
--------------------------------------------------------------------------------------------------------------------
179   1       CCC Inc.       FVSS                Switch Server 250 connection license - Includes user logon,
                                                 server selection and switch administration modules to control the
                                                 FreeVision-X system.
--------------------------------------------------------------------------------------------------------------------
180   1       CCC Inc.       FV230PSU            User Interface Chassis - 14U high chassis with integral signaling
                                                 backplane.  Used to connect user interface cards to the video and
                                                 signaling matrix.  Includes Regulated and redundant (option)
                                                 linear power supply units for the user interface chassis.
--------------------------------------------------------------------------------------------------------------------
181   1       Altinex        MS8112CA            6ft 5BNC (M) - VGA (F)
--------------------------------------------------------------------------------------------------------------------
182   1       Autodesk       AutoCAD2000         AutoCAD2000 for Window95/WindowsNT on CD
--------------------------------------------------------------------------------------------------------------------
183   1       Crestron                           Crestron CNX Gateway Software - Five Licenses
--------------------------------------------------------------------------------------------------------------------
184   6       Case Design    909 Super-Shipper   22x22x20 size  909 Super Shipper
              Corp.
--------------------------------------------------------------------------------------------------------------------
185   6       Case Design    909 Super-Shipper   Foam for 22x22x20  909 Super Shipper
              Corp.          Foam
--------------------------------------------------------------------------------------------------------------------
186   24      Case Design    909 Super-Shipper   Wheels for the 909 Super Shipper
              Corp.          Wheels
--------------------------------------------------------------------------------------------------------------------
187   1       Ultimate       AJ139               Custom Patch Panel
--------------------------------------------------------------------------------------------------------------------
188   1       Bi-Tronics     YD-DB15MMC3         Macintosh VGA Assembly - (3') m panel mt
--------------------------------------------------------------------------------------------------------------------
189   1       Bi-Tronics     YD-DB15MMC3         Macintosh VGA Assembly - (3') f panel mt
--------------------------------------------------------------------------------------------------------------------
190   1       Bi-Tronics     YD-HD15MFC3         VGA Assy, HD15 (m-m) Coax on YD-HD15MFC3 (3') f panel mt
--------------------------------------------------------------------------------------------------------------------
191   36      Kings          2025-79-9           Kings BNC Connector's
--------------------------------------------------------------------------------------------------------------------
192   2       MilesTek Inc.  50-70316            Grouped Power Strip
--------------------------------------------------------------------------------------------------------------------
193   2       Sharp          XG-NV6XU            Sharp NV6 Video Projector
--------------------------------------------------------------------------------------------------------------------
194   2       Sharp          AN-XGCM60           Sharp Ceiling Mount Bracket
--------------------------------------------------------------------------------------------------------------------
195   2       JTK            JTK-51              Installer's Kit in XR Rota-Tough Case
--------------------------------------------------------------------------------------------------------------------
196   1       JTK            23-473              Enhancement Kit with Tools
--------------------------------------------------------------------------------------------------------------------
197   2       Ideal          240-815             BNC Removal Tool, 12 " Blade
--------------------------------------------------------------------------------------------------------------------
198   1       Ideal          64-100              Fish Tape, 100'
--------------------------------------------------------------------------------------------------------------------
199   1       Weller         47-100              Soldering Station, WCC100, 350-850 degree F
--------------------------------------------------------------------------------------------------------------------
200   1       Weller         47-850              ETA 1/16" Screwdriver Soldering Tip
--------------------------------------------------------------------------------------------------------------------
201   1       Weller         47-526              ETS .01" Long Conical Soldering Tip
--------------------------------------------------------------------------------------------------------------------
202   2       JTM            JTM-93              Industrial Elctrician's Multimeter, 200mV-600V
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 27
<PAGE>   28

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
203   2       JTM            23-604              Case for JTM-93 Multimeter
--------------------------------------------------------------------------------------------------------------------
204   1       N/A            NPN                 Plastic Cable Ties
--------------------------------------------------------------------------------------------------------------------
205   6       N/A            NPN                 VGA M/M Adaptors
--------------------------------------------------------------------------------------------------------------------
206   2       N/A            NPN                 Power Adaptors for DC Outlets
--------------------------------------------------------------------------------------------------------------------
207   1       Bi-Tronics     YD-DB15MMC3         Macintosh VGA Assembly- (3') M Panel Mount
--------------------------------------------------------------------------------------------------------------------
208   1       Bi-Tronics     YD-DB15MMC3         Macintosh VGA Assembly- (3') F Panel Mount
--------------------------------------------------------------------------------------------------------------------
209   1       Bi-Tronics     YD-HD15MFC3         VGA Assy, HD15 (M-M) Coax on YD-HD15MFC3 (3') F Panel Mount
--------------------------------------------------------------------------------------------------------------------
210   1       CCC Inc.       FV CACH . 192x32    Server/User Chassis.  14U high with integral signaling
                                                 blackplane. Accepts up to: 2 Control, 12 Server, 3 Matrix, 2 User
                                                 Cards
--------------------------------------------------------------------------------------------------------------------
211   1       CCC Inc.       FVCADCC             Control Card.  Provides control of the matrix via control signals
                                                 on the backplane.
--------------------------------------------------------------------------------------------------------------------
212   1       CCC Inc.       FVCASIC             Server Interface Card.  Connects 16 servers to the backplane
                                                 forming part of the video and signaling matrix.
--------------------------------------------------------------------------------------------------------------------
213   1       CCC Inc.       FVCAMC              Scalable Matrix Card.  Connects 32 users to the backplane forming
                                                 part of the video and signaling matrix.
--------------------------------------------------------------------------------------------------------------------
214   1       CCC Inc.       FVCAUIC             User Interface Card.  Connects the video and signaling matrix to
                                                 the server control work areas.
--------------------------------------------------------------------------------------------------------------------
215   1       CCC Inc.       HRS-CB-IC-A02       Various Cabling
--------------------------------------------------------------------------------------------------------------------
216   1       CCC Inc.       FD203TXF            FreeDesk Transmit Unit (mini-TX) inclusive. Converts KVM stream
                                                 onto single Cat5 RJ45. External cable assembly variant.
--------------------------------------------------------------------------------------------------------------------
217   16      CCC Inc.       FVCABP              Blanking Plate. Screws into unused FreeVision-X Chasis slots.
--------------------------------------------------------------------------------------------------------------------
218   1       Kodak          EKA60501069         Kodak Digital Science DC50 Zoom Camera with power supply
--------------------------------------------------------------------------------------------------------------------
219   1       CCC Inc.       FVSS                Switch Server 250 Connection License.  Includes user logon,
                                                 server selection and switch administration modules to control the
                                                 FreeVision-X Switch.
--------------------------------------------------------------------------------------------------------------------
220   1       CCC Inc.       FVCA-INST           Installation Services.  Project team to provide complete on-site
                                                 installation of the FreeVision-X Switch. Includes switch server
                                                 provisioning, setup and training for users and administration
                                                 team.
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 28
<PAGE>   29

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
221   1       CCC Inc.       FVCA-MAIN           Maintenance. Complete support and services package for all the
                                                 FreeVision-X Switch. Includes yearly services to cover all
                                                 software revisions, on-site service, revision training materials
                                                 and extended hardware warranty coverage. 9am-5pm, M-F, 8hr on-site
--------------------------------------------------------------------------------------------------------------------
222   1       CCC Inc.       FVMHCH              Server and User Chassis.  Slimeline Chassis with integral
                                                 signaling backplane.  Includes single Power Supply.
--------------------------------------------------------------------------------------------------------------------
223   1       CCC Inc.       FVMAT/3             Cabling Interconnect Cables.  High density interconnect cables
                                                 used between various cabling.
--------------------------------------------------------------------------------------------------------------------
224   1       CCC Inc.       FVVAR               Various Cabling
--------------------------------------------------------------------------------------------------------------------
225   2       Miranda        ASD-27p             NTSC
              Technologies
--------------------------------------------------------------------------------------------------------------------
226   112     CCC Inc.       FD201TCF            FreeDesk Transmit Unit
--------------------------------------------------------------------------------------------------------------------
227   1       Jensen Tools   410-040             29 Piece Drill Set, 1/16" - 1/2" by 64ths
              Inc.
--------------------------------------------------------------------------------------------------------------------
228   1       Jensen Tools   47-060              Soldering Iron, 60W
              Inc.
--------------------------------------------------------------------------------------------------------------------
229   2       Jensen Tools   3-031               Slotted Screwdriver, 1/8" tip, 10" blade
              Inc.
--------------------------------------------------------------------------------------------------------------------
230   2       Canon          VC-C3               Canon VC-C3 Video Camera
--------------------------------------------------------------------------------------------------------------------
231   1       Sony           EVI-D30             Sony EVI-D30 Video Camera
--------------------------------------------------------------------------------------------------------------------
232   6       RDL            ST-PA6              RDL ST-PA6 Power Amp @ 6W RMS
--------------------------------------------------------------------------------------------------------------------
233   6       RDL            PH-24K              RDL PH-24K Power Supply (1 per 2 Amps)
--------------------------------------------------------------------------------------------------------------------
234   1       Crestron       CNXVTC-3            Crestron CNXVTC-3 Volume Control - 3 Channels, Module plugs into
                                                 CNX Rack
--------------------------------------------------------------------------------------------------------------------
235   2       NEC            LA-2032 JMW-P       NEC LA-2032 JMW-P LED Displays (with protective coating over
                                                 display)
--------------------------------------------------------------------------------------------------------------------
236   1       DaLite         DA-SNAP             DaLite DA-SNAP Screen  60"x80"
--------------------------------------------------------------------------------------------------------------------
237   1       Sharp          CLMP50056CE01       Sharp Projector Replacement Lamp
--------------------------------------------------------------------------------------------------------------------
238   1       Lutron         XG-NV6-WCC          Sharp Projector Case
--------------------------------------------------------------------------------------------------------------------
239   1       Lutron         GRX-LA-2-A-WH       Lutron 2 Zone Control
--------------------------------------------------------------------------------------------------------------------
240   1       Lutron         GRX-IA-4-A-WH       Lutron 4 Zone Control
--------------------------------------------------------------------------------------------------------------------
241   1       Lutron         IT-IR               GRX  IT-IR Transmitter
--------------------------------------------------------------------------------------------------------------------
242   1       Lutron         PRG-RS232           GRX  PRG-RS232 Program Interface
--------------------------------------------------------------------------------------------------------------------
243   1       Lutron         AV-4                GRX  AV-4 Scene Recall Interface
--------------------------------------------------------------------------------------------------------------------
244   1       Mitsubishi     120U                Mitsubishi 21" Diamond Plus Monitor 120U
--------------------------------------------------------------------------------------------------------------------
245   1       SmartBoard     SB580-15652         72" Front SmartBoard
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 29
<PAGE>   30

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
246   1       SmartBoard     NPN                 SmartBoard Cart
--------------------------------------------------------------------------------------------------------------------
247   2       Communication  1241                CSI Deuce Scaler Dual Rack Kit, 1241
              Specialties
              Inc.
--------------------------------------------------------------------------------------------------------------------
248   1       Ultimate       RO1                 Audio Patch Panel, 1 RU TECH Black PC w/white fill - 18 RCA
                                                 female to female connectors
--------------------------------------------------------------------------------------------------------------------
249   12      Inline Inc.    IN-2100             IN-2100 VGA Interface
--------------------------------------------------------------------------------------------------------------------
250   1       CCC Inc.       FD-AU-TX            FreeDesk Desktop Audio Transmitter
--------------------------------------------------------------------------------------------------------------------
251   2       CCC Inc.       FD-04CC             FreeDesk Rack Mount
--------------------------------------------------------------------------------------------------------------------
252   1       CCC Inc.       FD-SU-TX            Freedesk Quad Sun Transmit Card.  Converts KVM into single Cat 5
                                                 cable
--------------------------------------------------------------------------------------------------------------------
253   1       Philips        G3                  G3 AutoDome Complete System In-Ceiling Camera, Clear Bubble,
                                                 Package # LTC 0829/29
--------------------------------------------------------------------------------------------------------------------
254   1       ComScope       24-4P-L5-BLU        1,000FT Cat-5 Cable equivalent to Beldon 1583A
--------------------------------------------------------------------------------------------------------------------
255   1       Ideal          600-156             LinkMaster Tester.  Test twisted pair cable (T568A/B) for
                                                 configuration and continuity.
--------------------------------------------------------------------------------------------------------------------
256   1       Microsoft      MCSQ01J             Microsoft Visio 2000 Professional Software for IT diagrams
--------------------------------------------------------------------------------------------------------------------
257   5       Communications Deuce 2200          Deuce 2200 Intelligent Video Scaler 1280 x 1024
              Specialties,
              Inc.
--------------------------------------------------------------------------------------------------------------------
258   1       Crestron       CNXLIR              Crestron CNXLIR IR Learner
              Electronics,
              Inc.
--------------------------------------------------------------------------------------------------------------------
259   1       Macromedia     WDW80D10            Software Upgrade-Director v8.0 Shockwave Studio for Win9x/NT
                                                 (MCR025H)
--------------------------------------------------------------------------------------------------------------------
260   1       Macromedia     FLW40D10            Software Upgrade-Flash v4.0 for Win9x/NT (MCRO241)
--------------------------------------------------------------------------------------------------------------------
261   1       Macromedia     WBW30D01            Software-Dreamweaver v3.0/Fireworks v3.0 Studio for Win9x/NT
                                                 (MCRO24L)
--------------------------------------------------------------------------------------------------------------------
262   1       Crestron       CNX Gateway         CNX Gateway Software with five licenses
              Electronics,   Software
              Inc.
--------------------------------------------------------------------------------------------------------------------
263   1       Comp USA       SKU #234492         Comnp USA IDE Controller with parallel and serial port
--------------------------------------------------------------------------------------------------------------------
264   1       Miranda        Screen-FX-DUAL      Sceen-FX-DUAL: Multi-Image Processor Frame
              Technologies
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 30
<PAGE>   31

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
265   1       Miranda        Screen-16VGA        Screen-16VGA: Dual VGA Imput Board RGBHV (640x480 up to 1280x1024)
              Technologies
--------------------------------------------------------------------------------------------------------------------
266   1       Miranda        RAMETR              RAMETR: Extra RAMDISK & Ethernet
              Technologies
--------------------------------------------------------------------------------------------------------------------
267   1       QSA            None                QSA Dynamic Hi-Fi Microphone
--------------------------------------------------------------------------------------------------------------------
268   2       Custom Sensors MT606-1             USB to PS/2 Keyboard and Mouse Adaptor
              Inc.
--------------------------------------------------------------------------------------------------------------------
269   1       Crestron       CEN-IO              Ethernet Enabled I/O Module (LAN Card) for Crestron CNMSX-PRO
              Electronics,                       Controller
              Inc.
--------------------------------------------------------------------------------------------------------------------
270   1       Dell           2S8PS               Dell Dimension XPS T500 computer
--------------------------------------------------------------------------------------------------------------------
271   1       Dell           1471519             Dell Model D1025TM Trinitron monitor
--------------------------------------------------------------------------------------------------------------------
272   1       Dell           80RPK               Precision 410 MMP computer
--------------------------------------------------------------------------------------------------------------------
273   1       Dell           80RMZ               Precision 410 MMP computer
--------------------------------------------------------------------------------------------------------------------
274   1       Sharp          U.K. PAT No.        Sharp Projector Carrying Case with telescopic handle and wheels
                             2029793
--------------------------------------------------------------------------------------------------------------------
275   3       Sun            NE SUN1             Sun Model Compact 1 computer mouse, Sun No. 370-1587-03
--------------------------------------------------------------------------------------------------------------------
276   1       Dell           081HZ               Dimension XPS T500 Computer
--------------------------------------------------------------------------------------------------------------------
277   1       Dell           90UQR               XPS T550 computer
--------------------------------------------------------------------------------------------------------------------
278   1       Dell           4MH7I               Dimension XPS T500 computer
--------------------------------------------------------------------------------------------------------------------
279   1       Dell           85EJH               Dimension XPS T550 computer
--------------------------------------------------------------------------------------------------------------------
280   1       Dell           DG40E               Dimension XPS T 600 computer
--------------------------------------------------------------------------------------------------------------------
281   1       Dell           DTB9A-B9            M770 Monitor
--------------------------------------------------------------------------------------------------------------------
282   1       Dell           DR50T-A9            M770 monitor
--------------------------------------------------------------------------------------------------------------------
283   1       Dell           2702343             Trinitron Ultrascan P1110 monitor
--------------------------------------------------------------------------------------------------------------------
284   1       Dell           2742642             Trinitron Ultrascan P1110 monitor
--------------------------------------------------------------------------------------------------------------------
285   1       Dell           5322DF6R9R89        M780 monitor
--------------------------------------------------------------------------------------------------------------------
286   1       Dell           8033784             Trinitron Ultrascan P991 monitor
--------------------------------------------------------------------------------------------------------------------
287   1       Dell           8033550             Trinitron Ultrascan P991 monitor
--------------------------------------------------------------------------------------------------------------------
288   1       Dell           5322DE1WYB49        M780 monitor
--------------------------------------------------------------------------------------------------------------------
289   1       Micron         1559443-0001        Millenia 450MHz computer
--------------------------------------------------------------------------------------------------------------------
290   1       Micron         1559443-0002        Milllenia 450MHz computer
--------------------------------------------------------------------------------------------------------------------
291   1       Micron         1559443-003         Millenia 450MHz computer
--------------------------------------------------------------------------------------------------------------------
292   1       Micron         1559443-0004        Millenia 450MHz computer
--------------------------------------------------------------------------------------------------------------------
293   1       Gateway        0007115056          Gateway 2000 P5-133 computer
--------------------------------------------------------------------------------------------------------------------
294   1       Gateway        2314463             Gateway 2000 P4D-66 computer
--------------------------------------------------------------------------------------------------------------------
295   1       Gateway        8172076             Gateway 2000 Vivitron CPD-GF100 monitor
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 31
<PAGE>   32

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
296   1       Gateway        8042675             Gateway 2000 Vivitron CPD-GF250T monitor
--------------------------------------------------------------------------------------------------------------------
297   1       Gateway        8112977             Gateway 2000 Vivitron CPD-GF100 monitor
--------------------------------------------------------------------------------------------------------------------
298   1       Iomega         RRBW37E4V6          Iomega Zip 100 zip drive
--------------------------------------------------------------------------------------------------------------------
299   1       Sony           VSL-CS1             Sony VSL-CS1 video projector
--------------------------------------------------------------------------------------------------------------------
300   1       N/A            None                Assortment of DB-15, DB-25 and DB-36 cables
--------------------------------------------------------------------------------------------------------------------
301   1       Mitsubishi     810J33140           Misubishi Diamondtron Diamond Pro 91TXM monitor
--------------------------------------------------------------------------------------------------------------------
302   1       Mitsubishi     810J32005           Mitsubishi Diamondtron Diamond Pro 91TXM monitor
--------------------------------------------------------------------------------------------------------------------
303   1       Mitsubishi     810J32041           Mitsubishi Diamondtron Diamond Pro 91TXM monitor
--------------------------------------------------------------------------------------------------------------------
304   1       APC            WB9734105259        APC Back-Ups Pro 1400 uninterruptible power supply
--------------------------------------------------------------------------------------------------------------------
305   1       Mitsubishi     705E03205           Mitsubishi Diamond Pro 91TXM monitor
--------------------------------------------------------------------------------------------------------------------
306   1       Mitsubishi     903005021           Mitsubishi Diamond Plus 120u monitor
--------------------------------------------------------------------------------------------------------------------
307   1       Mitsubishi     701314036           Mitsubishi Model TFW9105SKTKW monitor
--------------------------------------------------------------------------------------------------------------------
308   1       Panasonic      J9FG01659           Panasonic DVD C220D DVD player
--------------------------------------------------------------------------------------------------------------------
309   1       Panasonic      J9FG01609           Panasonic DVD C220D DVD player
--------------------------------------------------------------------------------------------------------------------
310   1       Sun            31403326            Sun SPARCstation LX computer
--------------------------------------------------------------------------------------------------------------------
311   1       Sun            316U3885            Sun SPARCstation LX computer
--------------------------------------------------------------------------------------------------------------------
312   1       Sun            31603880            Sun SPARCstation LX computer
--------------------------------------------------------------------------------------------------------------------
313   1       ViewSonic      DB85241116          ViewSonic EA771B monitor
--------------------------------------------------------------------------------------------------------------------
314   1       Silicon        2084888             Silicon Graphics GDM-20E21 monitor
              Graphics
--------------------------------------------------------------------------------------------------------------------
315   1       Silicon        220593              Silicon Graphics GDM-20E21 monitor
              Graphics
--------------------------------------------------------------------------------------------------------------------
316   1       Epson          3KDX046603          Epson Stylus Color 1520 printer
--------------------------------------------------------------------------------------------------------------------
317   1       TurboScan      1698                TurboScan T-1500 video line doubler
--------------------------------------------------------------------------------------------------------------------
318   1       Hewlett-PackardSG9361V296          Hewlett-Packard Deskjet 895cxi printer
--------------------------------------------------------------------------------------------------------------------
319   1       Amco           569823              Amco Engineering Co. 19"x24"  equipment rack with shelves
              Engineering
--------------------------------------------------------------------------------------------------------------------
320   1       Amco           566611              Amco Engineering Co. 19"x38" equipment rack with shelves
              Engineering
--------------------------------------------------------------------------------------------------------------------
321   1       N/A            19"x70"             Biege 19"x70" equipment rack with shelves and doors
--------------------------------------------------------------------------------------------------------------------
322   1       N/A            19"x70"             Biege 19"x70" equipment rack with shelves and doors
--------------------------------------------------------------------------------------------------------------------
323   1       N/A            30"x72"             30"x72" Metal Test Bench with Formica top and power strip
--------------------------------------------------------------------------------------------------------------------
324   1       Claridge       48"x96"             48"x96" White Board
--------------------------------------------------------------------------------------------------------------------
325   1       Hewlett-PackardJP01196685          Hewlett-Packard A4033A monitor
--------------------------------------------------------------------------------------------------------------------
326   1       N/A            20"x35"x70"         20"x35"x70" wall locker
--------------------------------------------------------------------------------------------------------------------
327   1       N/A            12"x36"x72"         12"x36"x72" storage shelf
--------------------------------------------------------------------------------------------------------------------
328   1       Supreme        18"x28"x36"         18"x28"x36" filing cabinet
--------------------------------------------------------------------------------------------------------------------
329   1       N/A            24"x36"x84"         24"x36"x84" cable rack
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 32
<PAGE>   33

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
330   1       N/A            24"24"x30"          24"x24"x30" cable trolley
--------------------------------------------------------------------------------------------------------------------
331   2       Inline Inc.    IN3808              IN3808 Inline Presentation Switcher
--------------------------------------------------------------------------------------------------------------------
332   1       Inline Inc.    Pathfinder HR       Inline Pathfinder HR Series High Resolution RGB Matrix Switcher
--------------------------------------------------------------------------------------------------------------------
333   2       RGB Spectrum   SuperView 1000      RGB Spectrum SuperView 1000/VGA plus Video Windowing Systems
--------------------------------------------------------------------------------------------------------------------
334   1       Miranda        Screen- FX Dual     Miranda Screen-FX Dual Multi-Image Processor Frame
              Technologies
--------------------------------------------------------------------------------------------------------------------
335   1       Dell           9171RB12W699        21" Trinitron Monitor
--------------------------------------------------------------------------------------------------------------------
336   1       Dell           9171RB020X79        21" Trinitron Monitor
--------------------------------------------------------------------------------------------------------------------
337   2       NEC            LCD2010             NEC Model LCD2010 MultiSync LCD monitor
--------------------------------------------------------------------------------------------------------------------
338   4       RDL            ST_PA6              Radio Design Labs Model ST-PA6 Stick-On Series 6 Watt Power
                                                 Amplifier
--------------------------------------------------------------------------------------------------------------------
339   1       NTI            00219               NTI Vopex-2K/M-SUN Keyboard/Mouse Switch
--------------------------------------------------------------------------------------------------------------------
340   3       Extron         Lancia xi           Extron Lancia xi Video Doubler
--------------------------------------------------------------------------------------------------------------------
341   1       Anchor         AN-1000X            Anchor AN1000X Speaker System
--------------------------------------------------------------------------------------------------------------------
342   4       Revere         RSGT10-B            Revere RSGT10-B  8" Ceiling Speaker with grill
--------------------------------------------------------------------------------------------------------------------
343   1       Toshiba        01CM101145          Toshiba Model SD-1200 DVD Player-
--------------------------------------------------------------------------------------------------------------------
344   2       Panasonic      AG-1330             Panasonic Pro Line Model AG-1330 Video Cassette Recorder
--------------------------------------------------------------------------------------------------------------------
345   1       JVC            HR-D740U            JVC Model HR-D740U Video Cassette Recorder
--------------------------------------------------------------------------------------------------------------------
346   1       Sony           35005792            Sony DSS SAT-B3 Digital Satellite Receiver with antenna receive
                                                 dish
--------------------------------------------------------------------------------------------------------------------
347   1       Sun            36511151-01         Sun Model CPD-1790 monitor
--------------------------------------------------------------------------------------------------------------------
348   1       Silicon        35005792            Silicon Graphics Iris Indigo Model CMNB003 computer
              Graphics
--------------------------------------------------------------------------------------------------------------------
349   3       Crestron       CNMSX-PRO           Crestron CNMSX-PRO Control System
              Electronics,
              Inc.
--------------------------------------------------------------------------------------------------------------------
350   3       Crestron       ZA11144             Crestron CNXENET Ethernet DPA Expansion Card
              Electronics,
              Inc.
--------------------------------------------------------------------------------------------------------------------
351   2       Caprus         1U ipc              Caprus Ultra Thin RackMaster 1U high rack mount computer
              Computer
              Services
--------------------------------------------------------------------------------------------------------------------
352   1       Gateway        0009864008          Gateway Model Solo S100 laptop computer
--------------------------------------------------------------------------------------------------------------------
353   4       Sunshine       351                 15 Gallon Plastic Storage Crate with assorted audio, video and
              products                           computer cables
--------------------------------------------------------------------------------------------------------------------
354   1       N/A            None                Assortment of 120V power cords
--------------------------------------------------------------------------------------------------------------------
355   1       N/A            None                Assortment of 120V power strips
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 33
<PAGE>   34

<TABLE>
<CAPTION>
              Manufacturer
ID#   Qty.    Name           Part Number         Description
----  ----    ------------   ----------------    -------------------------------------------------------------------
<S>   <C>     <C>            <C>                 <C>
356   1       N/A            None                Asortment of 13W3 video cables
--------------------------------------------------------------------------------------------------------------------
357   1       N/A            None                Assortment of RGB and RGBHV video cables
--------------------------------------------------------------------------------------------------------------------
358   1       N/A            None                Assortment of RCA audio cables
--------------------------------------------------------------------------------------------------------------------
359   1       N/A            None                Assortment of RGB/VGA video cables
--------------------------------------------------------------------------------------------------------------------
360   1       N/A            None                Assortment of VGA HD-15 Cables
--------------------------------------------------------------------------------------------------------------------
361   1       N/A            None                Assortment of Cat 5 twisted pair cables
--------------------------------------------------------------------------------------------------------------------
362   1       N/A            None                Assortment of RG-6 and other coaxial RF cables
--------------------------------------------------------------------------------------------------------------------
363   6       Extron         RGB 120             Extron RGB 120 video interface
--------------------------------------------------------------------------------------------------------------------
364   1       NTI            0226                NTI Vopex-2K/M-A Keyboard/Mouse Switch
--------------------------------------------------------------------------------------------------------------------
365   2       Altec-Lansing  ACS 48              Altec-Lansing ACS 48 computer speaker system with subwoofer
--------------------------------------------------------------------------------------------------------------------
366   10      Inline Inc.    3252                Inline Model 3252 RGBHV Distribution Amp
--------------------------------------------------------------------------------------------------------------------
367   1       Work Gear      None                Work Gear 6"x12"x18' Aluminum Carrying  Case
--------------------------------------------------------------------------------------------------------------------
368   1       Milwaukee      897A798184051       Milwaukee 1/2" Drive Hammer Drill
--------------------------------------------------------------------------------------------------------------------
369   1       Ungar          1095                Ungar Model 1095 Heat Gun with attachment
--------------------------------------------------------------------------------------------------------------------
370   1       Hewlett-       PP#17               Hewlett-Packard 54616B 500MHz Oscilloscope
              Packard
--------------------------------------------------------------------------------------------------------------------
371   1       Shure          C25J                Shure Hi-Flex 25' Low Impedance Microphone Cable
--------------------------------------------------------------------------------------------------------------------
372   1       Shure          0607991108          Shure Model TPD-V Wireless Microphone
--------------------------------------------------------------------------------------------------------------------
373   1       RCA            DKIT96              RCA Satellite Installation Kit
--------------------------------------------------------------------------------------------------------------------
374   1       N/A            None                Assortment of metal brackets and mounts
--------------------------------------------------------------------------------------------------------------------
375   1       N/A            None                Assortment of hardware to include screws, bolts, nuts and washers
--------------------------------------------------------------------------------------------------------------------
376   1       N/A            None                Assortment of various audio, video and communications connectors
--------------------------------------------------------------------------------------------------------------------
377   1       Hello Direct   1650E19241079       Hello Direct Superpro Model 1650 telephone headset
--------------------------------------------------------------------------------------------------------------------
378   1       Vermont        No. 16              Vermont American 16"x7.5"x7"  No. 16 toolbox with assorted
              American                           technician's tools
--------------------------------------------------------------------------------------------------------------------
379   1       Hewlett-       40                  Hewlett-Packard 34970A Data Acquisition/Switch Unit
              Packard
--------------------------------------------------------------------------------------------------------------------
380   1       N/A            None                Assortment of audio, video and data patch panels
--------------------------------------------------------------------------------------------------------------------
381   35      N/A            None                15 minute blank video cassette tapes
--------------------------------------------------------------------------------------------------------------------
382   1       C-C-C          FVCC192X32          !92 Server by 32 User Chassis
--------------------------------------------------------------------------------------------------------------------
383   1       C-C-C          FDAURX              FreeDesk Audio Receive Unit
--------------------------------------------------------------------------------------------------------------------
403   6       Harmon/Kardon  HK 195              Multimedia speaker system
--------------------------------------------------------------------------------------------------------------------
404   1       Adent          AV 270              Multimedia speaker system
--------------------------------------------------------------------------------------------------------------------
414   1       Kodak          EKG82101529         Kodak Digital Science DC220 Zoom Camera
--------------------------------------------------------------------------------------------------------------------
415   1       ICCE Graphics  None                ICCE trade show  booth graphics in two 17"D x 52" SmartPak tubes
--------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 34
<PAGE>   35

                   SCHEDULE 1.5 - ALLOCATION OF PURCHASE PRICE

        The parties have agreed, after arm's length negotiations, to allocate
the Purchase Price among the Assets and the Covenant Not To Compete on the basis
set forth below:

<TABLE>
         <S>                                         <C>
         Equipment:                                  $70,000
         Software:                                   $70,000
         Covenant Not to Compete:                    $10,000
</TABLE>

                                    Page 35
<PAGE>   36

                    SCHEDULE 3.1 - ENCUMBRANCES TO BE ASSUMED

        Encumbrances which the Buyer expressly agrees to assume are shown below:

        None.

                                    Page 36
<PAGE>   37

                         SCHEDULE 3.4 - PENDING ACTIONS

        Except as set forth below, there are no actions, suits, claims,
investigations, or legal, administrative or arbitration proceedings pending or,
to the best knowledge of Seller, threatened against Seller relating to the
Assets, whether at law or in equity, or before or by any federal, state,
municipal or other governmental instrumentality.

        None.

                                    Page 37
<PAGE>   38

SCHEDULE 3.7.1 - INTELLECTUAL PROPERTY

Trademark: ICCE
Drawing Type:  Words, Letters or Number in Typed Form
Application Number 75789870
Filing Date: 09/01/1999
Recordation Date: 06/08/2000

                                    Page 38
<PAGE>   39

               SCHEDULE 3.7.2 - LICENSES TO INTELLECTUAL PROPERTY

        Listed below are any and all licenses, purchase options or other
interests held by any individual or entity in Seller's Intellectual Property:

        None.

                                    Page 39
<PAGE>   40

                        SCHEDULE 3.8 -- AGREEMENTS, ETC.

        The following lists all written contracts, agreements and other
instruments related to the ICCE software not listed on another Schedule hereto:

        None.

                                    Page 40
<PAGE>   41

                                    EXHIBIT A

              LICENSE AGREEMENT FOR TEMPORARY OCCUPANCY OF PREMISES

        THIS AGREEMENT (this "Agreement") is made as of this 23rd day of March,
2001, between EMERGENT INFORMATION TECHNOLOGIES, INC., a California corporation,
as successor to SM&A Corporation, ("Licensor") and ICCE TECHNOLOGIES, INC., a
Colorado corporation, ("Licensee").

                                    RECITALS

        WHEREAS, Licensor is a tenant under that certain lease ("Emergent
Lease") for certain demised premises located at 2060 Briargate Parkway, Colorado
Spring, Colorado, 80920 ("Building"); and

        WHEREAS, pursuant to that certain Asset Sale and Purchase Agreement
dated of even date herewith between Licensor and Licensee (the "Purchase
Agreement"), Licensor desires to license the space known as the ICCE Lab and
certain office space currently being occupied by personnel related to the ICCE
Business as of the Closing Date, which space consists of approximately 1,475
square feet (the "Premises"), to Licensee, and Licensee desires to license the
Premises from the Licensor.

                                    AGREEMENT

        NOW, THEREFORE, in consideration of the mutual agreements of the parties
hereto, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as
follows:

1. Defined Terms. All capitalized terms used but not otherwise defined herein
shall have the meanings assigned to them in the Purchase Agreement.

2. Relationship Between Licensor and Licensee. The relationship between Licensor
and Licensee is not one of landlord and tenant, but rather one of licensor and
licensee.

3. Grant of License. Commencing on the date hereof and continuing for a period
between 45 and 120 days as Licensor may determine in its sole discretion (the
"Term"), Licensor hereby grants to Licensee a license to enter the Premises for
the purpose of carrying out the ICCE Business. During the Term, Licensor shall
provide reasonable communications, utilities and other support systems as
currently being supplied to the Premises. The entry into the Premises by
Licensee, its employees, agents and contractors, the performance of the ICCE
Business by Licensee, and the incurrence of costs with respect to the Premises
used by Licensee, shall in no way operate to confer upon Licensee any other
interest, status, or estate of any kind other than a licensee.

                                    Page 41
<PAGE>   42

4. Consideration. In consideration for the license granted in Section 3 above,
Licensee shall pay Licensor Three Thousand Dollars ($3,000) per month, with the
first payment due and payable on March 30, 2001, which payment shall be prorated
from the date hereof to such date, and thereafter, any payment shall be made on
the last day of each month.

5. Insurance. During the Term, Licensee and/or its contractors shall maintain
builder's all-risk insurance and public liability insurance in amounts
reasonably satisfactory to Licensor. The public liability insurance shall name
Licensor and any person designated by Licensor as additional insured parties.
Prior to entering into the Premises, Licensee shall deliver to Licensor standard
insurance industry certificates evidencing such insurance and requiring the
insurer to provide at least 30 days notice prior to any material modification or
any cancellation or termination of such insurance.

6. Compliance with Laws and Rules. Licensee will carry out, or cause to be
carried out, the ICCE Business at its sole cost and expense, in an orderly
manner so as to avoid unreasonably interfering with or interrupting the normal
business operations and quiet enjoyment of the other occupants in the Building
and in compliance with this Agreement and all Building rules and regulations of
which Licensee shall be notified and all applicable governmental laws,
regulations, and codes. Licensee, at its sole cost and expense, shall obtain any
and all permits, licenses, and approvals that may be required for the
performance of the ICCE Business.

7. Licensee's Assumption of Risk. Licensee shall be solely responsible for (i)
the safety of Licensee, its agents and employees on the Premises, (ii) the
condition or loss of any items of personal property brought onto the Premises by
Licensee, its agents, contractors and employees, (iii) any loss or damage to
Licensor arising out of the ICCE Business, including without limitation the
prompt removal or bonding off of any liens filed against the Building as a
result of the ICCE Business, and (iv) to the extent caused in whole or in part
by Licensee, any loss or damage to Licensor arising from (a) a breach or default
by Licensee of its obligations hereunder, (b) any act, omission, negligence or
misconduct of Licensee, or (c) any accident, injury, occurrence or damage in,
about or to the Premises, and Licensee shall indemnify, protect and hold
harmless Licensor against and from any such loss or damage.

8. Termination. Licensee may terminate this Agreement, with or without cause, at
any time between 45 days and 120 days from the date hereof, by providing 30
days' written notice to Licensee.

9. Notices. Notices under this Agreement shall be in writing and shall be
delivered by registered or certified U.S. mail, return receipt requested or by a
recognized overnight commercial courier service (such as Federal Express) that
routinely retains receipts for delivery. Notices shall be deemed effective on
the date marked on the receipt as having been delivered or declined by the
addressee. Notices shall be addressed to Licensor and Licensee as set forth in
the Purchase Agreement for Seller and Buyer, respectively.

                                    Page 42
<PAGE>   43

10. Law. This Agreement shall be governed by the law of the State of Colorado.

11. Brokerage. Each of the parties hereto represents and warrants that there are
no brokerage commissions or finder's fees of any kind due to anyone in
connection with this Agreement, and agrees to indemnify, protect and hold
harmless the other parties against and from any liability arising from any such
claim, including, without limitation, reasonable attorney fees.

12. Entire Agreement. This Agreement and its exhibits contains the entire and
final agreement of and between the parties, and they shall not be bound by any
statements, conditions, representations, inducements or warranties, oral or
written, not herein contained.

13. Authority. Each party represents that it has the power, authority and legal
right to enter into and perform this Agreement; and that all actions and
consents required to authorize it to enter into this Agreement have been duly
taken and received. Each of the undersigned individuals represents and warrants
that he/she has the power, authority and legal right to bind the corporation or
partnership he/she purports to represent to the terms of this Agreement by
his/her signature hereto.

        THIS AGREEMENT is made as of the day and date first above written.

ICCE TECHNOLOGIES, INC., a Colorado
corporation

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

EMERGENT INFORMATION TECHNOLOGIES, INC., a California
corporation

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

                                    Page 43Prepared by MerrillDirect

Exhibit
10.14

AEROGEN, INC.

RESTATED EXECUTIVE SEVERANCE BENEFIT PLAN

SECTION 1.    INTRODUCTION

             The AeroGen, Inc. Executive
Severance Benefit Plan (the “Plan”) is designed to provide separation pay and
benefits to certain eligible executive employees of the Company whose
employment is terminated under the conditions specified herein.  This document constitutes the written
instrument under which the Plan is maintained and supersedes any prior plan or
practice of the Company that provides severance benefits to eligible
employees.  The Plan was initially
approved by the Board of Directors of the Company effective September 29,
2000.

SECTION 2.    DEFINITIONS

             For purposes of this Plan, the
following terms shall have the meanings set forth below:

             (a)         “Base Salary” means base salary paid to you (including all
amounts elected to be deferred that would otherwise have been paid, under any
cash or deferred arrangement established by the Company), bonuses, and
commissions but excluding the cost of employee benefits paid for by the
Company, education or tuition reimbursements, imputed income arising under any
Company group insurance or benefit program, traveling expenses, business and
moving expense reimbursements, income received in connection with stock
options, contributions made by the Company under any employee benefit plan, and
similar items of compensation.

             (b)         “Board” means the Board of Directors of the Company.

             (c)         “Cause” means any of the following: (i) your theft,
dishonesty, or falsification of any Company documents or records; (ii) your
improper use or disclosure of the Company’s confidential or proprietary
information, which use or disclosure is not cured within ten (10) days
following notification to you by the Company or the Board; (iii) your refusal
to perform any reasonable assigned duties after written notice from the Company
of, and a reasonable opportunity to cure, such refusal; (iv) any material
breach by you of any agreement between you and the Company, which breach is not
cured pursuant to the terms of such agreement; or (v) your conviction
(including any plea of guilty or nolo
contendere) of any felony or any crime involving moral turpitude or
dishonesty which impairs your ability to perform your duties with the
Company.  The Board shall have the right
to reasonably determine whether you have engaged in conduct constituting
“Cause” for purposes of this Plan.

             (d)         “Change in Control” means a (i) a dissolution or liquidation of the
Company; (ii) a sale, lease or other disposition of all or substantially all of
the assets of the Company so long as the Company’s stockholders immediately
prior to such transaction will, immediately after such transaction, fail to
possess direct or indirect beneficial ownership of more than fifty percent
(50%) of the voting power of the acquiring entity (for purposes of this clause
2(d)(ii), any person who acquired securities of the Company prior to the
occurrence of such asset transaction in contemplation of such transaction and
who after such transaction possesses direct or indirect ownership of at least
ten percent (10%) of the securities of the acquiring entity immediately
following such transaction shall not be included in the group of stockholders
of the Company immediately prior to such transaction); (iii) either a merger or
consolidation in which the Company is not the surviving corporation and the
stockholders of the Company immediately prior to the merger or consolidation
fail to possess direct or indirect beneficial ownership of more than fifty
percent (50%) of the voting power of the securities of the surviving
corporation (or if the surviving corporation is a controlled affiliate of
another entity, then the required beneficial ownership shall be determined with
respect to the securities of that entity which controls the surviving
corporation and is not itself a controlled affiliate of any other entity)
immediately following such transaction, or a reverse merger in which the
Company is the surviving corporation and the stockholders of the Company
immediately prior to the reverse merger fail to possess direct or indirect
beneficial ownership of more than fifty percent (50%) of the securities of the
Company (or if the Company is a controlled affiliate of another entity, then
the required beneficial ownership shall be determined with respect to the
securities of that entity which controls the Company and is not itself a
controlled affiliate of any other entity) immediately following the reverse
merger (for purposes of this clause 2(d)(iii), any person who acquired securities
of the Company prior to the occurrence of a merger, reverse merger, or
consolidation in contemplation of such transaction and who after such
transaction possesses direct or indirect beneficial ownership of at least ten
percent (10%) of the securities of the Company or the surviving corporation (or
if the Company or the surviving corporation is a controlled affiliate, then of
the appropriate entity as determined above) immediately following such
transaction shall not be included in the group of stockholders of the Company
immediately prior to such transaction); (iv) an acquisition by any person,
entity or group within the meaning of Section 13(d) or 14(d) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or any comparable
successor provisions (excluding any employee benefit plan, or related trust,
sponsored or maintained by the Company or a subsidiary or other controlled
affiliate of the Company) of the beneficial ownership (within the meaning of
Rule 13d-3 promulgated under the Exchange Act, or comparable successor rule) of
securities of the Company representing at least fifty percent (50%) of the
combined voting power entitled to vote in the election of directors; or (v) the
individuals who, as of the date of this Agreement, are members of the Board
(the “Incumbent Board”), cease for any reason to constitute at least fifty
percent (50%) of the Board.  If the
election, or nomination for election by the Company’s stockholders, of any new
director was approved by a vote of at least fifty percent (50%) of the
Incumbent Board, such new director shall be considered as a member of the
Incumbent Board.

             (e)         “Company” means AeroGen, Inc., or following a Change in
Control, the surviving entity resulting from such transaction.

             (f)         “Involuntary Termination Without Cause” means your dismissal or discharge by the Company
(or, if applicable, by any successor entity) for any reason or no reason other
than for Cause.  The termination of your
employment will not be deemed to be an “Involuntary Termination Without Cause”
if your termination occurs as a result of your death or disability.

             (g)        “Voluntary Termination for Good Reason” means that you voluntarily terminate your
employment with the Company after any of the following are undertaken by the
Company:

                           (i)         the
assignment to you of any duties or responsibilities which result in a material
diminution or adverse change of your position, responsibilities, authority or
circumstances of employment;

                           (ii)        a
reduction by the Company in your Base Salary;

                           (iii)       any
failure by the Company to continue in effect any benefit plan or arrangement,
including incentive plans or plans to receive securities of the Company, in
which you are participating (hereinafter referred to as “Benefit Plans”), or
the taking of any action by the Company which would adversely affect your
participation in or reduce your benefits under any Benefit Plans or deprive you
of any fringe benefit then enjoyed by you; provided, however, a Voluntary
Termination for Good Reason shall not exist under this subsection 2(g)(iii) if
the Company offers a range of benefit plans and programs which, taken as a
whole, are comparable to the Benefit Plans provided to you as of the date of
this Plan, as determined in good faith by the Company;

                           (iv)        a relocation
of your or the Company’s principal business offices to a location more than
thirty-five (35) miles from the location at which you have performed duties,
except for required travel by you on the Company’s business to an extent
substantially consistent with your business travel obligations as of the date
of this Plan;

                           (v)         any
material breach by the Company of any provision of this Plan which is not cured
by the Company within twenty (20) days of delivery of written notice from
Executive of such breach; or

                           (vi)        any
failure by the Company to obtain the assumption of this Plan by any successor
or assign of the Company.

SECTION 3.    ELIGIBILITY AND PARTICIPATION

             Employees of the Company listed on
a separate schedule (“Eligible Employees”) shall receive benefits under the
Plan.  The Board may determine that you
are eligible for any portion of or all of the benefits set forth in Section 4
or Section 5 of the Plan for reasons other than those specified herein and such
decision by the Board shall in no way obligate the Company to provide such
benefits to any other Eligible Employee, even if similarly situated.  The Board may add employees to the schedule
of Eligible Employees from time to time in its sole discretion or on the
recommendation of the Chief Executive Officer.

SECTION 4.    BENEFITS FOLLOWING A CHANGE IN CONTROL

             In the event of your Involuntary
Termination without Cause or your Voluntary Termination for Good Reason during
the period commencing one (1) month prior to and ending thirteen (13) months
following a Change in Control, you are entitled to the following benefits,
subject to Section 5 hereof:

             (a)         Salary Continuation.  The Company
shall, subject to Section 5 hereof, continue your Base Salary for twelve (12)
months.  Any salary continuation payments
shall be paid to you in monthly installments beginning on the termination of
your employment.  Any such amount that
you receive shall be subject to all required tax withholding.

             (b)         Continuation of Health Benefits.  Provided
that you elect continued coverage under federal COBRA law as applicable, the
Company shall pay, on your behalf, the portion of premiums of your group health
insurance, including coverage for your eligible dependents, that the Company
paid prior to your termination of employment; provided,
however, that the Company will pay such premiums for your eligible
dependents only for coverage for which those dependents were enrolled
immediately prior to your termination of employment.  You will continue to be required to pay that portion of the
premium of your health coverage, including coverage for your eligible
dependents, that you were required to pay as an active employee immediately
prior to your termination of employment. 
The number of months of such premium payments shall equal the number of
months of your salary continuation payments, but in no event shall such premium
payments be made for a period exceeding twelve (12) months or be made following
the effective date of your coverage by a health plan of a subsequent employer.  For the balance of the period that you are
entitled to coverage under federal COBRA law, you shall be entitled to maintain
coverage for yourself and your eligible dependents at your own expense.

             (c)         Vesting of Stock Options.  The
Company, immediately prior to your termination of employment, shall accelerate
one hundred percent (100%) of the vesting of all of your unvested stock options
to purchase stock of the Company or any successor thereto, such options to vest
in 12 equal monthly installments beginning on the date of the termination of
your employment.  Notwithstanding the
provisions in your stock option agreements, you shall have fifteen (15) months
from your date of termination to exercise your stock options.  In addition, if applicable, the Company’s
(or any successor corporation’s ) right to repurchase any stock purchased by
you pursuant to any stock purchase agreement under which the Company has the
right to repurchase any or all of the shares, shall lapse in 12 equal monthly
installments beginning on the date of the termination of your employment. In
addition, as to any shares received in exchange for shares of Cerus Limited
that were subject to repurchase by the Company and that remain subject to
repurchase at the time of termination of your employment, the Company’s right
to repurchase such shares shall lapse in twelve equal monthly installments
beginning on the date of the termination of your employment. (as amended May 8, 2001)

             (d)         Indemnification.  For a
period no less than six (6) years following the date or your termination of
employment, you shall be indemnified by the Company (or any successor entity)
for any act, or omission, taken while you were employed by the Company (or any
successor entity), and the Company shall maintain insurance coverage which is
either at least equivalent to such indemnification coverage provided for you
prior to such termination, or if such equivalent coverage is not available at a
commercially reasonable price, then at least equivalent to the indemnification
coverage provided to the then current executive officers of the Company (or in
the event of the occurrence of a Change in Control of the Company, the
executive officers of the controlling entity of which the Company is then a
part).

             (e)         Additional Benefits.  In addition
to the benefits provided in the foregoing Sections 5(a), 5(b), 5(c) and 5(d),
the Board may, in its sole discretion, provide additional benefits to Eligible
Employees chosen by the Company, in its sole discretion, and the provision of
any such additional benefits to an Eligible Employee shall in no way obligate
the Company to provide such additional benefits to any other Eligible Employee,
even if similarly situated.

             (f)         Parachute Payments.  If any
payment or benefit (or any portion thereof) you would receive pursuant to a
Change in Control from the Company or otherwise (“Payment”) would (i)
constitute “parachute payments” within the meaning of Section 280G of the
Internal Revenue Code of 1986, as amended, (the “Code”), or any comparable
successor provision, and (ii) but for this section would be subject to the
excise tax imposed by Section 4999 of the Code, or any comparable successor
provision (the “Excise Tax”), then Executive’s benefits hereunder shall be
either

	(i)	provided to
  you in full, or
	 	 
	(ii)	provided to
  you as to such lesser extent which would result in no portion of such
  benefits being subject to the Excise Tax,

whichever
of the foregoing amounts, when taking into account applicable federal, state,
local and foreign income and employment taxes, the Excise Tax, and any other
applicable taxes, results in the receipt by you, on an after-tax basis, of the
greatest amount of benefits, notwithstanding that all or some portion of such
benefits may be taxable under the Excise Tax. 
Unless you and the Company otherwise agree in writing, any determination
required under this section shall be made in writing in good faith by a
qualified third party (the “Professional Service Firm”) selected by the Company
prior to the Change in Control (and if none is selected by the Company prior to
the Change in Control, then that Professional Service Firm selected by the
Company at a later time).  In the event
of a reduction of benefits hereunder, benefits payable in cash shall be reduced
first.  For purposes of making the
calculations required by this section, the Professional Service Firm may make
reasonable assumptions and approximations concerning applicable taxes and may
rely on reasonable, good faith interpretations concerning the application of
the Code, and other applicable legal authority.  You and the Company shall furnish to the Professional Service
Firm such information and documents as the Professional Service Firm may
reasonably request in order to make a determination under this section.  The Company shall bear all costs the
Professional Service Firm may reasonably incur in connection with any
calculations contemplated by this section.

                           If, notwithstanding
any reduction described in this section, the IRS determines that you are liable
for the Excise Tax as a result of the receipt of the payment of benefits as
described above, then you shall be obligated to pay back to the Company, within
thirty (30) days after a final IRS determination or in the event that you
challenge the final IRS determination, a final judicial determination, a
portion of the payment equal to the “Repayment Amount.”  The Repayment Amount with respect to the
payment of benefits shall be the smallest such amount, if any, as shall be
required to be paid to the Company so that your net after-tax proceeds with
respect to any payment of benefits (after taking into account the payment of
the Excise Tax and all other applicable taxes imposed on such payment) shall be
maximized.  The Repayment Amount with
respect to the payment of benefits shall be zero if a Repayment Amount of more
than zero would not result in your net after-tax proceeds with respect to the
payment of such benefits being maximized. 
If the Excise Tax is not eliminated pursuant to this paragraph, you
shall pay the Excise Tax.

                           Notwithstanding
any other provision of this Section 5(f), if (i) there is a reduction in the
payment of benefits as described in this section, (ii) the IRS later determines
that you are liable for the Excise Tax, the payment of which would result in
the maximization of your net after-tax proceeds (calculated as if your benefits
had not previously been reduced), and (iii) you pay the Excise Tax, then the
Company shall pay to you those benefits which were reduced pursuant to this
section contemporaneously or as soon as administratively possible after you pay
the Excise Tax so that your net after-tax proceeds with respect to the payment
of benefits is maximized.

SECTION 5.    LIMITATIONS AND CONDITIONS ON BENEFITS

             (a)         Release.  To receive
benefits under this Plan, you must execute a release of claims in favor of the
Company, in substantially the form attached to this Plan as Exhibit A,
Exhibit B or Exhibit C, as appropriate, and such release must become effective
in accordance with its terms.

             (b)         Termination of Benefits.  Benefits
under this Plan shall terminate immediately if you, at any time, violate any
proprietary information or confidentiality obligation to the Company, which
violation is not cured pursuant to the terms of such agreement or within ten
(10) days following notification to you of such a violation by the Company or
the Board.

             (c)         Certain Reductions. 
Notwithstanding any other provision of this Plan to the contrary, any
benefits payable to you under this Plan shall be reduced by any severance benefits
payable by the Company or an affiliate of the Company to you under any other
policy, plan, program or arrangement, including, without limitation, a contract
between you and any entity (other than any letter addressed from the Company to
you which sets forth your eligibility under this Plan), under which you are
covered.  Furthermore, to the extent
that any federal, state or local laws, including, without limitation, so-called
“plant closing” laws, require the Company to give advance notice or make a payment
of any kind to you because of your involuntary termination due to a layoff,
reduction in force, plant or facility closing, sale of business, change of
control, or any other similar event or reason, the benefits payable under this
Plan shall either be reduced or eliminated.

             (d)         No Mitigation.  You shall
not be required to mitigate the amount of any payment provided for in this Plan
by seeking other employment or otherwise nor, except for your eligibility for
COBRA continuation coverage, shall the amount of any payment or benefit
provided for in this Plan be reduced or otherwise affected by any compensation
or benefits received by you as a result of employment by another employer or
self-employment, by any retirement benefits regardless of source, by offset
against any amount claimed to be owed by you to the Company, or otherwise.

             (e)         Non-Duplication of Benefits.  You are
eligible to receive benefits under this Plan one (1) time.

             (f)         Non-Competition.  If
requested by the Company at the time of termination of your employment under
circumstances giving rise to benefits under this Plan, you will enter into an
agreement with the Company providing that you will not become employed as an
executive, within twelve (12) months following the termination of your
employment with the Company, by any of Inhale Therapeutics, Dura
Pharmaceuticals, Aradigm Corporation, Battelle Pulmonary Therapeutics or
Sheffield Pharmaceuticals, without the prior written consent of the
Company.  In the event that you commence
any such employment during such 12 month period without the prior written
consent of the Company, the benefits otherwise due to you under Section 4 will
terminate, effective on the date you commence such employment.

SECTION 6.    ADMINISTRATION AND OPERATION OF THE PLAN

             The
Company is the “Plan Sponsor” and the “Plan Administrator” of the Plan, as such
terms are defined in the Employee Retirement Income Security Act of 1974
(“ERISA”).  The Company, in its capacity
as Plan Administrator of the Plan, is the named fiduciary that has the
authority to control and manage the operation and administration of the
Plan.  The Company has the sole
discretion to make such rules, regulations, and interpretations of the Plan and
to make such computations and shall take such other action to administer the
Plan as it may deem appropriate in its sole discretion.  Such rules, regulations, interpretations,
computations, and other actions shall be conclusive and binding upon all
persons.  The Company may engage the
services of such persons or organizations to render advice or perform services
with respect to its responsibilities under the Plan as it shall determine to be
necessary or appropriate.  Such persons
or organizations may include (without limitation) actuaries, attorneys,
accountants and consultants.

             Any
person or group of persons may serve in more than one fiduciary capacity with
respect to the Plan.  The
responsibilities of the Company under the Plan shall be carried out on its
behalf by its directors, officers, employees and agents, acting on behalf or in
the name of the Company in their capacity as directors, officers, employees and
agents and not as individual fiduciaries. 
The Company may delegate any of its fiduciary responsibilities under the
Plan to another person or persons pursuant to a written instrument that
specifies the fiduciary responsibilities so delegated to each such person.

SECTION 7.    CLAIMS, INQUIRIES AND APPEALS

             (a)         Applications for Benefits and
Inquiries.  Applications for benefits should
be in writing, signed and submitted to: Plan Administrator, Executive Severance
Benefit Plan, AeroGen, Inc., 1310 Orleans Drive, Sunnyvale, California 94089.

             (b)         Denial of Claims.  If any
application for benefits is denied in whole or in part, the Plan Administrator
must notify you, in writing, of the denial of the application, and of your
right to review the denial.  The written
notice of denial will be set forth in a manner designed to be understood, and
will include specific reasons for the denial, specific references to the Plan
provision upon which the denial is based, a description of any information or
material that the Plan Administrator needs to complete the review and an
explanation of the Plan’s review procedure.

             This written notice will be given to you within ninety (90) days
after the Plan Administrator receives the application, unless special
circumstances require an extension of time, in which case, the Plan
Administrator has up to an additional ninety (90) days for processing the
application.  If an extension of time
for processing is required, written notice of the extension will be furnished
to you before the end of the initial 90-day period.

             This
notice of extension will describe the special circumstances necessitating the
additional time and the date by which the Plan Administrator is to render its
decision on the application.  If written
notice of denial of the application for benefits is not furnished within the
specified time, the application shall be deemed to be denied.  You will then be permitted to appeal the
denial in accordance with the review procedure described below.

             (c)         Request for Review.  You (or
your authorized representative) may appeal a denied benefit claim by submitting
a written request for a review to: Review Panel, Executive Severance Benefit
Plan, AeroGen, Inc., 1310 Orleans Drive, Sunnyvale, California 94089.  The Review Panel shall be comprised of two
(2) or more persons to be appointed by the Company.  Your appeal must be submitted within sixty (60) days after the
application is denied (or deemed denied). 
The Review Panel will give you (or your representative) an opportunity
to review pertinent documents in preparing a request for a review.

                           A
request for review must set forth all of the grounds on which it is based, all
facts in support of the request and any other matters that you or your
representative feel are pertinent.  The
Review Panel may require you or your representative to submit additional facts,
documents or other material as it may find necessary or appropriate in making
its review.

             (d)         Decision on Review.  The Review
Panel will act on each request for review within sixty (60) days after receipt
of the request, unless special circumstances require an extension of time (not
to exceed an additional sixty (60) days) for processing the request for a
review.  If an extension for review is
required, written notice of the extension will be furnished within the initial
60-day period.  The Review Panel will
give written notice of its decision to the applicant.  In the event that the Review Panel confirms the denial of the
application for benefits in whole or in part, the notice will outline the
specific Plan provisions upon which the decision is based.  If written notice of the Review Panel’s
decision is not given within the time prescribed above, the application will be
deemed denied on review.

             (e)         Rules and Procedures.  The Plan
Administrator and/or the Review Panel may establish rules and procedures,
consistent with the Plan and with ERISA, as necessary and appropriate in carrying
out their responsibilities in reviewing benefit claims.  If you wish to submit additional information
in connection with an appeal from the denial (or deemed denial) of benefits,
you may be required to do so at your own expense.

             (f)         Exhaustion of Remedies.  No legal
action for benefits under the Plan may be brought until (i) a written
application for benefits has been submitted in accordance with the procedures
described above, (ii) the person claiming benefits has been notified by the
Plan Administrator that the application is denied (or the application is deemed
denied due to the Plan Administrator’s failure to act on it within the time
prescribed), (iii) a written request for a review of the application has been
submitted in accordance with the appeal procedure described above and (iv) the
person appealing the denial has been notified in writing that the Review Panel
has denied the appeal (or the appeal is deemed to be denied due to the Review
Panel’s failure to take any action on the claim within the time prescribed).

SECTION 8.    BASIS OF PAYMENTS TO AND FROM THE PLAN

             All
benefits under the Plan shall be paid by the Company.  The Plan shall be unfunded and benefits hereunder shall be paid
only from the general assets of the Company.

SECTION 9.    LEGAL FEES.

             If there is termination of your
employment with the Company pursuant to Section 4 hereof followed by a dispute
as to whether you are entitled to the benefits provided under this Agreement,
then, during the period of that dispute the Company shall pay you fifty percent
(50%) of the amount specified in Section 4 (except that the Company shall pay
one hundred percent (100%) of any insurance premiums provided for in Section
4), if, and only if, you agree in writing that if the dispute is resolved against
you, you shall promptly refund to the Company all payments you receive plus
interest at the rate provided in Section 1274(d) of the Code, compounded
quarterly.  If the dispute is resolved
in your favor, promptly after resolution of the dispute the Company shall pay
you the sum that was withheld during the period of the dispute plus interest at
the rate provided in Section 1274(d) of the Code, compounded quarterly.

             Notwithstanding any other
provisions of this Plan, if you either (i) bring any action to enforce your
rights pursuant to Section 4 of this Plan, or (ii) defend any legal challenge
to your rights under Section 4 hereof, you shall be entitled to recover
reasonable attorneys’ fees and costs incurred in connection with such action
from the Company, payable on a monthly basis, regardless of the outcome of such
action; provided, however, that in the event such action is commenced by you,
the court finds the claim was brought in good faith.

SECTION 10.  AMENDMENT AND TERMINATION

             The
Company reserves the right to amend or terminate this Plan at any time; provided,
however, that this Plan may not be amended or terminated following
the effective date of a Change in Control, and no amendment or termination of
the Plan shall adversely affect any benefits to which you have become entitled
prior to such amendment or termination.

SECTION 11.  NON-ALIENATION OF BENEFITS

             No
Plan benefit may be anticipated, alienated, sold, transferred, assigned,
pledged, encumbered or charged, and any attempt to do so will be void.

SECTION 12.  SUCCESSORS AND ASSIGNS

             This Plan shall be binding upon any
surviving entity resulting from a Change in Control and upon any other person
who is a successor by merger, acquisition, consolidation or otherwise to the
business formerly carried on by the Company without regard to whether or not
such person actively adopts or formally continues the Plan.  Eligible Employees, to the extent they are
otherwise eligible for benefits under the Plan, are intended third party
beneficiaries of this provision.

SECTION 13.  LEGAL CONSTRUCTION

             This
Plan shall be interpreted in accordance with ERISA and, to the extent not
preempted by ERISA, with the laws of the State of California.  This Plan constitutes both a plan document
and a summary plan description for purposes of ERISA.

SECTION 14.  OTHER PLAN INFORMATION

	Plan Identification Number:	502
	 	 
	Employer Identification Number:	33-0488580
	 	 
	Ending of the Plan’s Fiscal Year:	December 31
	 	 
	Agent for the Service of Legal Process:	AeroGen, Inc., 1310
  Orleans Drive, Sunnyvale, California 94089

SECTION 15.  STATEMENT OF ERISA RIGHTS

             As
a participant in this Plan (which is a welfare benefit plan sponsored by the
Company) you are entitled to certain rights and protections under ERISA,
including the right to:

             (a)         Examine, without charge, at the Plan Administrator’s
office and at other specified locations, such as work sites, all Plan documents
and copies of all documents filed by the Plan with the U.S. Department of
Labor, such as detailed annual reports;

             (b)         Obtain copies of all Plan documents and Plan
information upon written request to the Plan Administrator.  The Plan Administrator may make a reasonable
charge for the copies; and

             (c)         Receive a summary of the Plan’s annual financial
report, in the case of a plan which is required to file an annual financial
report with the Department of Labor. 
(Generally, all pension plans and welfare plans with 100 or more
participants must file these annual reports.)

             In
addition to creating rights for Plan participants, ERISA imposes duties upon
the people responsible for the operation of the employee benefit plan.  The people who operate the Plan, called
“fiduciaries” of the Plan, have a duty to do so prudently and in the interest of
you and other Plan participants and beneficiaries.

             No
one, including your employer or any other person, may fire you or otherwise
discriminate against you in any way to prevent you from obtaining a Plan
benefit or exercising your rights under ERISA. 
If your claim for a Plan benefit is denied in whole or in part, you must
receive a written explanation of the reason for the denial.  You have the right to have the Plan review
and reconsider your claim.

             Under ERISA, there are steps you can take to enforce the above
rights.  For instance, if you request
materials from the Plan and do not receive them within thirty (30)  days, you may file suit in a federal
court.  In such a case, the court may
require the Plan Administrator to provide the materials and pay you up to $110
a day until you receive the materials, unless the materials were not sent
because of reasons beyond the control of the Plan Administrator.  If you have a claim for benefits that is
denied or ignored, in whole or in part, you may file suit in a state or federal
court.  If it should happen that the
Plan fiduciaries misuse the Plan’s money, or if you are discriminated against
for asserting your rights, you may seek assistance from the U.S. Department of
Labor, or you may file suit in a federal court.  The court will decide who should pay court costs and legal
fees.  If you are successful, the court
may order the person you have sued to pay these costs and fees.  If you lose, the court may order you to pay
these costs and fees, for example, if it finds your claim is frivolous.

             If you have any questions about
this statement or about your rights under ERISA, you should contact the nearest
office of the Pension and Welfare Benefits Administration, U.S. Department of
Labor, listed in your telephone directory, or the Division of Technical Assistance
and Inquiries, Pension and Welfare Benefit Administration, U.S. Department of
Labor, 200 Constitution Avenue N.W., Washington, D.C. 20210.

 

Exhibit
A:  Release (For Persons 40 Years of Age
or Older-Group Termination)

Exhibit B:  Release (For Persons 40
Years of Age or Older-Individual Termination)

Exhibit C:  Release (For Persons Under
40 Years of Age)

Amended
by the Board of Directors on May 8, 2001 to replace Section 4(c).

EXHIBIT A

RELEASE
(For Persons 40 Years of Age or Older-Group Termination)

             I understand and agree completely
to the terms set forth in the AeroGen, Inc. Executive Severance Benefit Plan
(the “Plan”).

             In consideration of benefits I will
receive under the Plan, I hereby release, acquit and forever discharge the
Company, its parents and subsidiaries, and their respective officers,
directors, agents, servants, employees, shareholders, successors, assigns and
affiliates, of and from any and all claims, liabilities, demands, causes of
action, costs, expenses, attorneys’ fees, damages, indemnities and obligations
of every kind and nature, in law, equity, or otherwise, known and unknown,
suspected and unsuspected, disclosed and undisclosed (other than any claim for
indemnification I may have as a result of any third party action against me
based on my employment with the Company), arising out of or in any way related
to agreements, events, acts or conduct at any time prior to and including the
date I execute this Agreement, including but not limited to: all such claims
and demands directly or indirectly arising out of or in any way connected with
my employment with the Company or the termination of that employment, including
but not limited to, claims of intentional and negligent infliction of emotional
distress, any and all tort claims for personal injury, claims or demands
related to salary, bonuses, commissions, stock, stock options, or any other
ownership interests in the Company, vacation pay, fringe benefits, expense
reimbursements, severance pay, or any other form of compensation; claims
pursuant to any federal, state or local law or cause of action including, but
not limited to, the federal Civil Rights Act of 1964, as amended; the federal
Age Discrimination in Employment Act of 1967, as amended (“ADEA”); the federal
Americans with Disabilities Act of 1990; the California Fair Employment and
Housing Act, as amended; tort law; contract law; wrongful discharge;
discrimination; fraud; defamation; emotional distress; and breach of the
implied covenant of good faith and fair dealing.

             I acknowledge that I am knowingly
and voluntarily waiving and releasing any rights I may have under ADEA.  I also acknowledge that the consideration
given for the waiver and release in the preceding paragraph hereof is in
addition to anything of value to which I was already entitled.  I further acknowledge that I have been
advised by this writing, as required by the ADEA, that:  (a) my waiver and release do not
apply to any rights or claims that may arise after I execute this Agreement; (b) I have the right to consult with an attorney prior to
executing this Agreement; (c) I have forty-five (45)
days from the date I receive this Agreement and the information specified in
(f) below to consider this Agreement (although I voluntarily may choose to
execute this Agreement earlier); (d) I have seven
(7) days following the execution of this Agreement to revoke the Agreement; and (e) this Agreement shall not be effective until the later
of (i) the date upon which the revocation period has expired, which shall be
the eighth (8th) day after I execute this Agreement, and (ii) the
date I return this Agreement, fully executed, to the Company; and (f) I have
received with this Agreement a detailed list of the job titles and ages of all
employees who were terminated in this group termination and the ages of all
employees of the Company and its affiliates in the same job classification or
organizational unit who were not terminated.

             I acknowledge that I
have read and understand Section 1542 of the California Civil Code which reads
as follows:  “A general release does not extend to
claims which the creditor does not know or suspect to exist in his favor at the
time of executing the release, which if known by him must have materially
affected his settlement with the debtor.”  I hereby expressly waive and relinquish all rights and benefits
under that section and any law of any jurisdiction of similar effect with
respect to my release of any claims I may have against the Company, its
affiliates, and the entities and persons specified above.

EMPLOYEE

	Name:	Date:

 

EXHIBIT B

RELEASE
(For Persons 40 Years of Age or Older-Individual Termination)

             I understand and agree completely
to the terms set forth in the AeroGen, Inc. Executive Severance Benefit Plan
(the “Plan”).

             In consideration of benefits I will
receive under the Plan, I hereby release, acquit and forever discharge the
Company, its parents and subsidiaries, and their respective officers,
directors, agents, servants, employees, shareholders, successors, assigns and
affiliates, of and from any and all claims, liabilities, demands, causes of
action, costs, expenses, attorneys’ fees, damages, indemnities and obligations
of every kind and nature, in law, equity, or otherwise, known and unknown,
suspected and unsuspected, disclosed and undisclosed (other than any claim for
indemnification I may have as a result of any third party action against me
based on my employment with the Company), arising out of or in any way related
to agreements, events, acts or conduct at any time prior to and including the
date I execute this Agreement, including but not limited to:  all such claims and demands directly or
indirectly arising out of or in any way connected with my employment with the
Company or the termination of that employment, including but not limited to,
claims of intentional and negligent infliction of emotional distress, any and
all tort claims for personal injury, claims or demands related to salary,
bonuses, commissions, stock, stock options, or any other ownership interests in
the Company, vacation pay, fringe benefits, expense reimbursements, severance
pay, or any other form of compensation; claims pursuant to any federal, state
or local law or cause of action including, but not limited to, the federal
Civil Rights Act of 1964, as amended; the federal Age Discrimination in
Employment Act of 1967, as amended (“ADEA”); the federal Americans with
Disabilities Act of 1990; the California Fair Employment and Housing Act, as
amended; tort law; contract law; wrongful discharge; discrimination; fraud;
defamation; emotional distress; and breach of the implied covenant of good
faith and fair dealing.

             I acknowledge that I am knowingly
and voluntarily waiving and releasing any rights I may have under the ADEA, as
amended.  I also acknowledge that the
consideration given for the waiver and release in the preceding paragraph
hereof is in addition to anything of value to which I was already
entitled.  I further acknowledge that I
have been advised by this writing, as required by the ADEA, that:  (a) my waiver and release do not apply to
any rights or claims that may arise after the execution date of this Release
Agreement; (b) I have been advised hereby that I have the right to consult with
an attorney prior to executing this Agreement; (c) I have twenty-one (21) days
to consider this Agreement (although I may choose to voluntarily execute this
Agreement earlier); (d) I have seven (7) days following the execution of this
Agreement by the parties to revoke the Agreement; and (e) this Agreement will
not be effective until the date upon which the revocation period has expired,
which will be the eighth day after this Agreement is executed by me, provided
that the Company has also executed this Agreement by that date (“Effective
Date”).

             I acknowledge that I
have read and understand Section 1542 of the California Civil Code which reads
as follows:  “A general release does not extend to
claims which the creditor does not know or suspect to exist in his favor at the
time of executing the release, which if known by him must have materially
affected his settlement with the debtor.”  I hereby expressly waive and relinquish all rights and benefits
under that section and any law of any jurisdiction of similar effect with
respect to my release of any claims I may have against the Company, its
affiliates, and the entities and persons specified above.

EMPLOYEE

	Name:	Date:

EXHIBIT C

RELEASE
(For Persons Under 40 Years of Age)

             I understand and agree completely
to the terms set forth in the AeroGen, Inc. Executive Severance Benefit Plan
(the “Plan”).

             In consideration of benefits I will
receive under the Plan, I hereby release, acquit and forever discharge the
Company, its parents and subsidiaries, and their respective officers,
directors, agents, servants, employees, shareholders, successors, assigns and
affiliates, of and from any and all claims, liabilities, demands, causes of
action, costs, expenses, attorneys’ fees, damages, indemnities and obligations
of every kind and nature, in law, equity, or otherwise, known and unknown,
suspected and unsuspected, disclosed and undisclosed (other than any claim for
indemnification I may have as a result of any third party action against me
based on my employment with the Company), arising out of or in any way related
to agreements, events, acts or conduct at any time prior to and including the
date I execute this Agreement, including but not limited to: all such claims
and demands directly or indirectly arising out of or in any way connected with
my employment with the Company or the termination of that employment, including
but not limited to, claims of intentional and negligent infliction of emotional
distress, any and all tort claims for personal injury, claims or demands
related to salary, bonuses, commissions, stock, stock options, or any other
ownership interests in the Company, vacation pay, fringe benefits, expense
reimbursements, severance pay, or any other form of compensation; claims
pursuant to any federal, state or local law or cause of action including, but
not limited to, the federal Civil Rights Act of 1964 as amended; the federal
Americans with Disabilities Act of 1990; the California Fair Employment and
Housing Act, as amended; tort law; contract law; wrongful discharge;
discrimination; fraud; defamation; emotional distress; and breach of the
implied covenant of good faith and fair dealing.

             I acknowledge that to become
effective, I must sign and return this Agreement to the Company so that it is
received not later than fourteen (14) days following the date of my employment
termination.  I acknowledge that I have
read and understand Section 1542 of the California Civil Code which reads as
follows:  “A general release does not extend to
claims which the creditor does not know or suspect to exist in his favor at the
time of executing the release, which if known by him must have materially
affected his settlement with the debtor.”  I hereby expressly waive and relinquish all rights and benefits
under that section and any law of any jurisdiction of similar effect with respect
to my release of any claims I may have against the Company, its affiliates, and
the entities and persons specified above.

EMPLOYEE

	Name:	Date:

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