Document:

EXHIBIT 4.2
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                 FIRST MODIFICATION AND REAFFIRMATION AGREEMENT
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         THIS AGREEMENT, dated as December 30, 2003, by and between BIRMINGHAM
UTILITIES, INC. (the "Borrower"), a Connecticut corporation, having its chief
executive office at 230 Beaver Street, Ansonia, Connecticut, BIRMINGHAM H20
SERVICES, INC. (the "Guarantor") a Connecticut corporation having its chief
executive office at 230 Beaver Street, Ansonia, Connecticut and CITIZENS BANK OF
CONNECTICUT, a Connecticut stock savings bank with a place of business at 209
Church Street, New Haven, Connecticut (the "Bank").

                              W I T N E S S E T H :

         WHEREAS, the Borrower executed a Commercial Revolving Promissory Note
dated November 20, 2002 in the original principal amount of $5,000,000.00 (the
"Note") pursuant to a Commercial Loan Agreement of even date therewith (the
"Loan Agreement") in connection with a $5,000,000.00 revolving loan facility
(the "Revolving Loan"); and

         WHEREAS, in connection with the Revolving Loan, Borrower executed and
delivered various other documents, instruments and/or indemnities to Bank
(including without limitation, the Note, the Loan Agreement hereinafter
collectively, the "Loan Documents"); and

         WHEREAS, the Borrower has requested and the Bank has agreed to modify
and extend the Revolving Loan and to increase the Revolving Loan to the maximum
principal sum of Seven Million and 00/100 Dollars ($7,000,000.00) (as so
modified, extended and increased, the "Increased Revolving Loan"); and

         WHEREAS, the Bank has agreed to make the Increased Revolving Loan and
to modify the Loan Documents in certain respects, on the condition that (a) the
Borrower execute and deliver a Commercial Revolving Promissory Note in the
amount of $7,000,000.00 (the "Increased Note") to evidence the Increased
Revolving Loan, and (b) that the Borrower modify and reaffirm the Loan
Agreement, and (c) all separately incorporated subsidiaries and affiliates of
Borrower unconditionally, jointly and severally guaranty of the payment and
performance of Borrower under the Increased Note by the delivery of a Guaranty
(the "Guaranty"), and (d) on the other conditions set forth below; and

         WHEREAS, Guarantor is the only separately incorporated subsidiary or
affiliate of Borrower; and

         WHEREAS, Guarantor acknowledges and agrees that it will receive direct
and indirect benefit from the Increased Revolving Loan;

                  NOW, THEREFORE, in consideration of the Increased Revolving
         Loan and mutual promises and covenants contained herein, the parties
         hereto agree as follows:

I.       MODIFICATION OF LOAN AGREEMENT
         ------------------------------
                  The Loan Agreement is amended in the following respects:

         A.       PARAGRAPH 1.1, AMOUNT IS AMENDED TO READ AS FOLLOWS:
<PAGE>
                  "1.1 - Amount. Upon the terms and conditions set forth in this
         Agreement, the Bank agrees to lend to Borrower, from time to time, up
         to the sum of SEVEN MILLION AND 00/100 DOLLARS ($7,000,000.00) (the
         "Revolving Loan Amount"). The Revolving Loan Amount shall consist of
         the following:

                  A. Direct advances for capital expenditures and for working
         capital, including advances for Acquisitions as defined in subparagraph
         B, below, equal to the sum of $7,000,000.00 less the face amount of any
         outstanding Letters of Credit (as hereinafter defined) (the "Working
         Capital Advances"); and

                  B. Acquisition financing in connection with Borrower's
         acquisition of various water companies including Eastern Connecticut
         Regional Water Company and five (5) separate regulated water companies
         located in the State of New York (collectively the "Acquired
         Companies") not be exceed $5,000,000.00 in the aggregate
         ("Acquisitions"); and

                  C. One or more Commercial Stand-By Letters of Credit for the
         benefit of such persons as Borrower shall designate (each a "Letter of
         Credit") up to the aggregate outstanding face amount of Three Hundred
         Thousand and 00/100 ($300,000.00).

                     In no event will the outstanding aggregate of the Working
         Capital Advances including Acquisitions and the face amount of all
         outstanding Letters of Credit exceed $7,000,000.00."

         B.       PARAGRAPH 1.3, USE OF REVOLVING LOAN, IS AMENDED AS FOLLOWS:

                  "1.3 - Use of Revolving Loan. The Loan will be used to pay off
         existing Bank indebtedness, to provide for Working Capital Advances,
         Acquisitions and Letters of Credit.
          No portion of the Loan will be used for the purpose of purchasing or
         carrying any "margin security" or "margin stock" as such terms are used
         in Regulations U and X of the Board of Governors of the Federal Reserve
         System, 12 C.F.R. Parts 221 and 224."

         C.       PARAGRAPH 1.4, PAYMENT AND INTEREST RATE OPTIONS, IS AMENDED
                  IN THE FOLLOWING RESPECTS:

                  1. Paragraph 1.4, subparagraphs (A), (B) and (C) are amended
         and new subparagraphs (D), (E) and (F) are added as follows:

         "(A) Payment. The Borrower shall pay interest on the outstanding unpaid
principal amount of the Advances made by the Bank from the date of any Advance
until payment in full, payable monthly in arrears commencing December 1, 2003
and thereafter on the same day of each calendar month during the term of the
Revolving Loan. Unless Borrower elects the LIBOR Standard Rate, or the Prime
Rate, each as described below, Borrower shall pay interest on each Advance at a
rate at all times equal to the Bank's LIBOR Advantage Rate in effect from time
to time (the "Interest Rate").

         (B) Prime Rate. At Borrower's election, Borrower may pay interest on
each Advance (a "Prime Rate Advance") at a rate at all times equal to the Bank's
designated Prime Rate in effect from time to time, minus 0.75%. The interest
rate payable on all Prime Rate Advances
<PAGE>
shall be adjusted simultaneously with any change in the Prime Rate so that
interest on the outstanding principal balance shall remain at all times equal to
the Bank's Prime Rate.

         The Bank's Prime Rate means the annual rate of interest publicly
announced by Bank or its successors as its prime rate, as such rate changes on a
daily basis. The Prime Rate is a rate used by the Bank from time to time in
setting interest rates on loans. It is not necessarily the lowest or best rate
at which the Bank loans money.

         (C) LIBOR Option. Subject to the provisions of this Section, the
Borrower shall have the right to have the interest on all or any portion of the
outstanding principal amount of the Revovling Loan based on a LIBOR Standard
Rate plus one percent (1%), or a LI BOR Advantage Rate plus one percent (1%), as
each such Rate is hereinafter defined; provided, unless the Borrower elects the
Prime Rate as provided above or LIBOR Standard Rate, all Advances shall bear
interest at the LIBOR Advantage Rate.

         (D) LIBOR Standard Rate Option.

         (i) Certain Definitions.

         As used herein, the following terms have the following respective
meanings:

         Banking Day: a day on which dealings may be effected in deposits of
U.S. dollars in the London interbank foreign currency deposits market and on
which banks may conduct business in London, England and New London, Connecticut.

         Board: the Board of Governors of the Federal Reserve System of the
United States.

         Legal Requirement: any requirement imposed upon the Bank by any law of
the United States of America or the United Kingdom or by any regulation, order,
interpretation, ruling or official directive (whether or not having the force of
law) of the Board, the Bank of England or any other board, central bank or
governmental or administrative agency, institution or authority of the United
States of America, the United Kingdom or any political subdivision of either
thereof.

         LIBOR Standard Option: the option granted pursuant to this Section have
the interest on all or any portion of the principal amount of the Loan based on
a LIBOR Rate plus one percent (1%).

         LIBOR Period: for each LIBOR Request, that period, selected as provided
below in this Section, of one, two, three or six calendar months; provided,
however, that upon expiration of the LIBOR Period when any balance is
outstanding hereunder, and unless and until the Bank is notified otherwise in
writing, then all Advances shall automatically be or become a Prime Rate
Advance, provided, further, that no LIBOR Period with respect to any LIBOR
Portion of the Loan shall extend beyond the Revolving Loan Maturity Date. At the
commencement of the initial LIBOR Period, the Bank shall notify the Borrower of
the termination day of such LIBOR Period. Each determination by the Bank of any
LIBOR Period shall, in the absence of manifest error, be conclusive, and, at the
Borrower's request, the Bank shall demonstrate the basis for such determination.
For each LIBOR Period, interest only shall be due and payable on the first day
of each month with subsequent payments due and payable on the corresponding day
of the succeeding months, provided, however, that all principal, interest and
costs shall be finally due and payable, no later than the Revolving Loan
Maturity Date.
<PAGE>
         LIBOR Portion: that portion of the Loan specified in a LIBOR Request
(including any portion of the Loan which is being borrowed by the Borrower
concurrently with such LIBOR Request) which, in the aggregate, does not exceed
the outstanding balance of Seven Million and 00/100 Dollars ($7,000,000.00) at
any one time, provided that the Borrower shall not have more than 5 LIBOR
Standard Options outstanding at any one time. No LIBOR Portion shall be in an
amount less than One Hundred Thousand Dollars ($100,000.00).

         LIBOR Premium: The Borrower agrees that it shall not refinance the
LIBOR Portion during the LIBOR Period, including during any renewal hereunder.
Notwithstanding such agreement not to refinance, should the Borrower refinance
the LIBOR Standard Rate Portion at a more favorable interest rate, the Borrower
agrees to pay the Bank a premium in the amount of One Thousand Dollars
($1,000.00). For purposes hereunder, a "refinance" means any unscheduled payment
of principal amounts of the LIBOR Portion.

         LIBOR Rate: with respect to any LIBOR Portion for the related LIBOR
Period, an interest rate per annum, adjusted at the end of LIBOR Period (rounded
upwards, if necessary, to the next higher 1/16 of 1%) equal to the product of
(a) the Base LIBOR Rate (as hereinafter defined) and (b) Statutory Reserves,
plus (c) one percent (1%). For purposes of this definition, the term "Base LIBOR
Rate" shall mean the rate (rounded upwards, if necessary, to the next higher
1/16 of 1%) that is the offered rate at which deposits are being quoted to prime
banks in the London interbank market at 11:00 A.M., London time, for U.S. dollar
deposits that are approximately equal in principal amount to the LIBOR Portion
and for a maturity equal to the applicable LIBOR Period, as published by the
British Bankers Association, or equivalent organization. Interest shall be
calculated on the amount of the LIBOR Portion from the date of the LIBOR Request
and charged on the basis of actual days elapsed over a 360 day year. The
interest rate shall be based on the LIBOR Standard Rate prevailing on a Banking
Day, and for those days which are not the Banking Days, the interest rate shall
be based on that LIBOR Standard Rate in effect at the close of business on the
next preceding Banking Day, as determined by the Bank. Each determination by the
Bank of any LIBOR Standard Rate shall, in the absence of manifest error, be
conclusive, and, at the Borrower's request, the Bank shall demonstrate the basis
for such determination.

         LIBOR Standard Request: notice in writing (or by telephonic
communication confirmed by telex, telecopy or other facsimile transmission on
the same day as the telephone request from the Borrower to the Bank, no later
than 11:00 a.m. (Eastern Time)) on the first day of the LIBOR Period requesting
that interest on a LIBOR Portion be based on the LIBOR Rate, specifying: (i) the
first day of the LIBOR Period, (ii) the length of the LIBOR Period consistent
with the definition of that term, and (iii) a dollar amount of the LIBOR Portion
consistent with the definition of that term. In addition, requests for advances
subsequent to the initial advance shall be in writing (or by telephonic
communication confirmed by telex, telecopy or other facsimile transmission on
the same day as the telephone request no later than 11:00 a.m. Eastern Time)
requesting an advance by specifying a dollar amount of the LIBOR Portion,
consistent with the definition of that term. The Bank may deliver any Advances
by direct deposit to any deposit account of the Borrower with Bank or otherwise
as directed in writing by the Borrower. All such Advances shall represent
binding obligations of the Borrower. All LIBOR Requests must be made on a
Banking Day.

         Statutory Reserves: a fraction (expressed as a decimal), the numerator
of which is the number one and the denominator of which is the number one minus
the aggregate of the maximum reserve percentages (including, without limitation,
any marginal, special, emergency or supplemental reserves), expressed as a
decimal, established by the Board and any other banking authority to which any
lender is subject for Eurocurrency Liabilities (as defined in Regulation D of
<PAGE>
the Board). Such reserve percentages may include, without limitation, those
imposed under such Regulation D. LIBOR Portions of the Loan may be deemed to
constitute Eurocurrency Liabilities and as such may be deemed to be subject to
such reserve requirements without benefit of or credit for proration, exceptions
or offsets which may be available from time to time to the Bank under such
Regulation D. Statutory Reserves shall be adjusted automatically on and as of
the effective date of any change in any reserve percentage.

         Tax: in relation to any LIBOR Portion and the applicable LIBOR Rate,
any tax, levy, impost, duty, deduction, withholding or other charges of whatever
nature as may be required by any Legal Requirement (i) to be paid by the Bank
and/or (ii) to be withheld or deducted from any payment otherwise as may be
required hereby to be made by the Borrower to the Bank, provided that the term
"Tax" shall not include any taxes imposed upon the net income of any lender by
the United States of America or any political subdivision thereof.

         (ii) Assumptions Concerning Funding of LIBOR Loans.

         The calculation of all amounts payable to the Bank under this Section
shall be made as though the Bank actually funded the LIBOR Portion through the
purchase of a deposit in the London interbank market bearing interest at the
LIBOR Rate in an amount equal to the LIBOR Portion and having a maturity
comparable to the LIBOR Period and through the transfer of such deposit from an
offshore office of the Bank to a domestic office of the Bank in the United
States of America; provided, however, that the Bank may fund its LIBOR Portion
in any manner it sees fit and the foregoing assumption shall be utilized solely
for the calculation of amounts payable hereunder.

         (iii) Conditions for Basing Interest on the LIBOR Standard Rate.

         The Bank will base the interest rate for each LIBOR Request on the
LIBOR Standard Rate upon the condition that:

         (a) The Bank shall have received a LIBOR Request from the Borrower the
first day of the LIBOR Period requested consistent with the requirements for a
LIBOR Request;

         (b) There shall have occurred no change in applicable Legal
Requirements which would make it unlawful for any lender to obtain deposits of
U.S. dollars in the London interbank foreign currency deposits market or to
utilize the LIBOR as an index for calculating interest rates;

         (c) As of the date of the LIBOR Request and the first day of the LIBOR
Period, there shall exist, of any kind, no Default or Event of Default; and

         (d) The Bank shall not have determined in good faith that it is unable
to determine the LIBOR Rate in respect of the requested LIBOR Period or that the
Bank is unable to obtain deposits of U.S. dollars in the London interbank
foreign currency deposits market in the applicable amounts and for the requested
LIBOR Period.

         (iv) Indemnification for Funding and Other Losses.

         Each LIBOR Standard Rate Request shall be irrevocable and binding on
the Borrower for the LIBOR Period, including any automatic rollover or renewal
as provided for herein. Without limiting the generality of this subsection, the
Borrower hereby agrees to indemnify the Bank against

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<PAGE>
any loss or expense incurred by the Bank as a result of any failure on the part
of the Borrower to fulfill, on the date specified in any LIBOR Standard Rate
Request, the applicable conditions set forth in this Agreement.

         (E) LIBOR Advantage Rate Option.

         (i) Certain Definitions. As used in this Section 1.4 (D) with respect
to LIBOR Advantage Rate Advances, the following definitions apply:

         "Business Day" means any day which is neither a Saturday or Sunday nor
a legal holiday on which commercial banks are authorized or required to be
closed in Boston.

         "Interest Period" means, as to any LIBOR Advantage Rate Advance, the
period commencing as of the Start Date and ending on the numerically
corresponding date one, two, three or six months later, and thereafter each one,
two, three or six month period ending on the day of such month that numerically
corresponds to the Start Date. If an Interest Period is to end in a month for
which there is no day which numerically corresponds to the Start Date, the
Interest Period will end on the last day of such month.

         "Applicable Margin" means one (1.00%) percentage point.

         "LIBOR Rate" means relative to any Interest Period, the offered rate
for delivery in two London Banking Days (as defined below) of deposits of U.S.
Dollars which the British Bankers' Associations fixes as its LIBOR rate and
which appears on the Telerate Page 3750 as of 11:00 a.m. London time on the day
on which the Interest Period commences, and for a period approximately equal to
such Interest Period. If the first day of any Interest Period is not a day which
is both a (i) Business Day, and (ii) a day on which US dollar deposits are
transacted in the London interbank market (a "London Banking Day"), the LIBOR
Rate shall be determined in reference to the next preceding day which is both a
Business Day and a London Banking Day. If for any reason the LIBOR Rate is
unavailable and/or the Bank is unable to determine the LIBOR Rate for any
Interest Period, the LIBOR Rate shall be deemed to be equal to the Bank's Prime
rate.

         "Interest Payment Date" means the 1st day of February, 2004, and
thereafter the numerically corresponding date of each month. If a month does not
contain a day that numerically corresponds to the date of the Interest Payment
Date, the Interest Payment Date shall be the last day of such month.

         (ii) LIBOR Advantage Rate Interest. At the option of Borrower, interest
on the outstanding principal amount of a LIBOR Advance shall accrue during the
Interest Period applicable thereto at a rate equal to the sum of the LIBOR
Advantage Rate, plus the Applicable Margin thereto, and be payable on each
Interest Payment Date. The LIBOR Advantage Rate shall be the LIBOR Rate plus the
Applicable Margin assuming a 30 day Interest Period. The LIBOR Advantage Rate
shall be rounded upward, if necessary, to the nearest 1/16 of 1%.

         (F) Terms Applicable To All LIBOR Advances.

         (i) Change in Applicable Laws, Regulations, etc.
<PAGE>
         If any Legal Requirement imposed after the date hereof shall make it
unlawful for the Bank to fund through the purchase of U.S. dollar deposits any
LIBOR Portion, or otherwise to give effect to its obligations as contemplated
hereby, including utilizing the LIBOR interest rate as an index for calculation
of index rates or shall impose on the Bank any costs based on or measured by the
excess above a specified level of the amount of a category of deposits or other
liabilities of the Bank which includes deposits by reference to which the LIBOR
Rate is in part determined as provided herein or a category of extensions of
credit or other assets of the Bank which includes any LIBOR Portion, or shall
impose on the Bank any restrictions on the amount of such a category of
liabilities or assets which the Bank may hold, (a) the Bank by written notice
thereof to the Borrower may terminate the LIBOR Option, (b) any LIBOR Portion
subject thereto shall immediately bear interest thereafter as a Prime Rate
Advance, and (c) the Borrower shall indemnify the Bank, to fund or maintain such
LIBOR Portion if and to the extent such loss, penalty or expense is caused by
the Borrower. A certificate of an officer of the Bank setting forth the amount
of such loss, penalty or expense, and the basis therefor shall, in the absence
of manifest error, be conclusive.

         (vii)  Taxes.

         It is the understanding of the Borrower and the Bank that the Bank
shall receive payments of amounts of principal and interest on the Note
(including but not limited to interest with respect to the LIBOR Portions from
time to time subject to a LIBOR Option) free and clear of, and without deduction
for any Taxes. If (a) the Bank shall be subject to any such Tax in respect of
any such LIBOR Portion or part thereof or (b) the Borrower shall be required to
withhold or deduct any such Tax from any such amount, and (c) such Tax shall not
have existed as of the date of the applicable LIBOR Request, the LIBOR Rate
applicable to such LIBOR Portion shall be adjusted by the Bank to reflect all
additional costs incurred by the Bank in connection with the payment by the Bank
or the withholding by the Borrower of such Tax and the Borrower shall provide
the Bank with a statement detailing the amount of any such Tax actually paid by
the Borrower. Determination by the Bank of the amount of such costs shall, in
the absence of manifest error, be conclusive, and at the Borrower's request, the
Bank shall demonstrate the basis of such determination. If after any such
adjustment, any part of any Tax paid by Bank is subsequently recovered by the
Bank, the Bank shall reimburse the Borrower to the extent of the amount so
recovered. A certificate of an officer of the Bank setting forth the amount of
such recovery and the basis therefor shall, in the absence of manifest error, be
conclusive, and at the Borrower's request, the applicable Bank shall demonstrate
the basis of such determination.

         D.       PARAGRAPH 1.6, MATURITY DATE, IS AMENDED AS FOLLOWS:

         1.6 - Maturity Date. The Loan is payable in full on December 29, 2004
(the "Revolving Loan Maturity Date").

         E.       PARAGRAPH 1.8, PREPAYMENT,  IS AMENDED AS FOLLOWS:

         1.8 - Prepayment. The Borrower shall have the right to prepay the Prime
Rate Advances in whole or in part without any prepayment fee, and LIBOR Standard
Rate Advances only upon the payment of the LIBOR Premium together with the LIBOR
Standard Rate Advance Prepayment Fee hereinafter set forth. All payments shall
be applied first to late charges, costs and any reasonable attorney fees as may
have been invoiced to Borrower in connection with any action taken to collect or
enforce the Loan or liens granted in connection therewith (whether or not suit
is commenced), then to interest and then to principal. Without limitation, any
LIBOR Standard Rate Advance may be prepaid upon the terms and conditions set
forth herein. The Borrower shall give the Bank, no

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<PAGE>
later than 10:00 a.m., New York City time at least four (4) Business Days notice
of any proposed prepayment of any LIBOR Standard Rate Advance, specifying the
proposed date of payment of such LBIOR Standard Rate Advance, and the principal
amount to be paid. Each partial prepayment of the principal amount of LIBOR
Standard Rate Advance shall be in an integral multiple of $5,000.00 and
accompanied by the payment of all charges outstanding on such LIBOR Standard
Rate Advance. Borrower acknowledges that prepayment or acceleration of a LIBOR
Standard Rate Advance during an Interest Period shall result in the Bank
incurring additional costs, expenses and/or liabilities and that it is extremely
difficult and impractical to ascertain the extent of such costs, expenses and/or
liabilities. Therefore, all full or partial prepayments of a LIBOR Standard Rate
Advance shall be accompanied by, and the Borrower hereby promises to pay, on
each date a LIBOR Rate Loan is prepapid or the date all sums payable hereunder
become due and payable, by acceleration or otherwise, in addition to all other
sums then owing, an amount ("LIBOR Standard Rate Advance Prepayment Fee")
determined by the Bank pursuant to the following formula:

                  (a) the then current rate for United States Treasury
                  securities (bills on a discounted basis shall be converted to
                  a bond equivalent) with a maturity date closest to the end of
                  the Interest Period as to which prepayment is made, subtracted
                  from (b) the LIBOR Lending Rate plus the Applicable Margin
                  then applicable to the LIBOR Standard Rate Advance being
                  prepaid.

         If the result of this calculation is zero or a negative number, then
there shall be no LIBOR Standard Rate Advance Prepayment Fee. If the result of
this calculation is a positive number, then the resulting percentage shall be
multiplied by:

                  (c) the amount of the LIBOR Standard Rate Advance being
                      prepaid.

                  The resulting amount shall be divided by:

                  (d) 360

                  and multiplied by:

                  (e) the number of days remaining in the Interest Period as to
                      which the prepayment is being made.

         Said amount shall be reduced to present value calculated by using the
referenced United States Treasury securities rate and the number of days
remaining on the Interest Period for the LIBOR Standard Rate Advance being
prepaid.

         The resulting amount of these calculations shall be the LIBOR Rate Loan
Prepayment Fee.

         F.       SECTION 1.B, LETTERS OF CREDIT, PARAGRAPH 1.9 - AMOUNT AND
                  CALCULATION, SUBPARAGRAPH (A) IS AMENDED AS FOLLOWS:

         "B. LETTERS OF CREDIT
             -----------------

                  1.9 - Amount And Conditions.

                  (a)   Upon the written request of the Borrower, the Bank will,
                        in accordance with the terms of this Agreement issue one
                        or more Letters of Credit (which term includes letters
<PAGE>
                        of credit outstanding as of the date of this Agreement
                        for the benefit of parties named by the Borrower, for
                        such time periods and upon such other terms and
                        conditions as are satisfactory to Bank, including
                        receipt by Bank of a completed Application for Letter of
                        Credit (each a "Reimbursement Agreement") in form and
                        substance acceptable to Bank, executed by the Borrower.
                        Without limiting the discretion of the Bank with respect
                        to the issuance of Letters of Credit, no Letters of
                        Credit need be issued if:

                  (i)   the request for the issuance of the Letter of Credit is
                        made after the Revolving Loan Maturity Date; or

                  (ii)  The face amount of a requested Letter of Credit, when
                        added to the aggregate face amount of the Letters of
                        Credit then outstanding under this Agreement upon would
                        exceed $300,000.00; or

                  (iii) There exists an Event of Default as defined in Section 6
                        of this Agreement or an event shall have occurred which
                        with the lapse of time and/or notice would become an
                        Event of Default under Section 6;

                  (iv)  The term of any Letter of Credit will terminate or
                        expire after the Revolving Loan Maturity Date."

         G.       PARAGRAPH 5.5 - LIMITATION ON INDEBTEDNESS, IS AMENDED
                  AS FOLLOWS:

         "5.5 - Limitation of Indebtedness. Without prior written approval of
Bank, create, assume, or incur, become or be liable in any manner for any
indebtedness, contract or obligation for borrowed money, or issue or sell any
obligations of the Borrower, excluding, however, from the operation of this
covenant, (i) the Loan hereunder, (ii) all other liabilities of the Borrower to
the Bank; (iii) subordinate debt to the Bank for which the creditor has executed
a subordination agreement in form and substance satisfactory to Bank, (iv)
mortgage bonds of 4.2 million dollars issued and outstanding under the
Borrower's "Amended and Restated Mortgage Indenture dated as of August 9, 1991"
(the "Mortgage Indenture"). Specifically and without limitation, Borrower shall
not further mortgage or encumber its utility plant or excess land unless the
proceeds of such mortgage are applied (x) to pay the Increased Revolving Loan,
or (y) to refinance the Mortgage Indenture."

         H.       PARAGRAPH 5.8 - FINANCIAL COVENANTS, SUBPARAGRAPH A, NET
                  WORTH, IS AMENDED AS FOLLOWS:

                  "A. Net Worth. Borrower shall at all times maintain a Net
Worth greater than $12,000,000.00; Borrower's Net Worth shall increase by not
less than 80% of the Net Worth of each of the Acquired Companies, upon
acquisition."

         I.       THERE IS ADDED A NEW PARAGRAPH 5.9 - MAINTENANCE OF ACCOUNTS,
                  AS FOLLOWS:
<PAGE>
         "5.9 - Maintenance of Accounts. Borrower shall maintain its primary
operating accounts at Bank throughout the term of the Revolving Loan."

         J.       SECTION 6 - DEFAULTS, CLAUSE (XI) IS AMENDED AS FOLLOWS:

         "(xi) the occurrence of any Event of Default after notice from Bank in
any other loan or other agreement now existing or hereafter made between Bank,
Borrower and/or any affiliate or subsidiary of Borrower, or the occurrence of
any event of default under any other loan or credit facility between any other
lender (including without limitation the lender or trustee of the Mortgage
Indenture), Borrower and/or and affiliate or subsidiary of Borrower."

II.      GUARANTY OF REVOLVING LOAN

         A. As additional security for the Revolving Loan, Guarantor has this
date delivered to Bank its unconditional, joint and several Guaranty.

         B. Borrower shall further cause the Revolving Loan to be
unconditionally, jointly and severally guaranteed by each and every one of the
Acquired Companies, and their respective subsidiaries, by guaranty agreements in
form and substance satisfactory to the Bank, to be delivered simultaneously with
acquisition of the Acquired Companies.

III.     REAFFIRMATION

                  A. Subject to the amendments and modifications set forth in
         this Agreement and in the other documents and instruments executed and
         delivered this day in connection with the Revolving Loan, (i) each
         Borrower and Guarantor adopts, publishes and reaffirms all of the
         representations, warranties and covenants (both affirmative and
         negative) and indemnities and waivers made by such Borrower or
         Guarantor, as the case may be, contained in the Loan Agreement and each
         of the Loan Documents, and (ii) a All of the representations and
         warranties set forth in the Loan Agreement and the Loan Documents are
         true and correct as if made on behalf of each Borrower and Guarantor on
         the date hereof.

                  B. Each Borrower and Guarantor represents, acknowledges and
         affirms that it has no claim, defense, offset or counterclaim
         whatsoever against Bank with respect to Borrower's $5,000,000.00 Note
         dated November 20, 2002 or the Increased Note, the Loan Agreement, any
         Loan Document, or any document evidencing or securing any Loan or the
         modifications made herein, and that Bank is relying on this
         representation in agreeing to said modifications. Each Borrower and
         Guarantor further acknowledges that Bank would not agree to said
         modifications unless each Borrower and Guarantor made the
         representations contained in this paragraph and elsewhere in this
         Agreement freely and willingly, after due consultation with its
         attorneys. Each Borrower and Guarantor further represents that this
         Agreement and all of the Loan Documents executed by it are its valid
         and binding obligations and enforceable in accordance with their terms.
         Each Borrower and Guarantor further represents that no Event of Default
         (as defined in the Loan Agreement or any of the Loan Documents) has
         occurred nor, to its knowledge, has there occurred any event or
         condition which, with notice or the passage of time or both would
         constitute an Event of Default.
<PAGE>
                  C. In furtherance of the immediately preceding paragraph, the
         Borrower and Guarantors hereby release and forever discharge the Bank,
         its officers, agents, successors and assigns, from any and all claims,
         actions, causes of action, obligations and liabilities of any kind
         known or unknown which the Borrower or Guarantors or any of them has or
         may have as of the date hereof whether relating to the $5,000,000.00
         Note, the Increased Note, the Loan Agreement or any Loan Document or
         any of the transactions contemplated hereby or consummated in
         connection herewith, or any negotiations in connection with any of the
         foregoing.

                  D. The parties agree that nothing contained herein shall in
         any way impair the Increased Note, the Loan Agreement or any other Loan
         Document, or any document evidencing or securing the Revolving Loan.
         The parties further agree that nothing contained herein or modified
         pursuant to this Agreement shall affect or be construed to release or
         affect the liability of any other party or parties who may now or
         hereafter be liable under, pursuant to, or on account of any Loan
         Document.

                  E. Each Borrower and Guarantor affirms its understanding of
         the Events of Default enumerated in Section 6 of the Loan Agreement.

                  F. Except as modified by this Agreement and by the other
         documents and instruments executed and delivered in connection
         herewith, the Loan Documents including all Exhibits and Schedules
         thereto shall remain unchanged and in full force and effect. Borrower
         shall keep and perform all of the terms and agreements contained
         therein.

                  G. This Agreement shall be binding upon and inure to the
         benefit of the parties hereto, their respective heirs, successors and
         assigns. This Agreement shall be construed in accordance with the laws
         of the State of Connecticut and may only be amended in writing.

                  H. This Agreement may be signed in one or more counterparts
         all of which shall constitute one document.

         IN WITNESS WHEREOF, the parties hereto have caused this First
Modification and Reaffirmation Agreement to be duly executed as of the day and
year first above written.

Signed, Sealed and Delivered                      BANK:
In the Presence of:
                                                  CITIZENS BANK OF CONNECTICUT

______________________                            By: /s/_____________________
                                                         Paul M. Canelli
                                                         Its Vice President
______________________

                                                  BORROWER:

                                                  BIRMINGHAM UTILITIES, INC.
<PAGE>

                                                  By: /s/_____________________
______________________                                   John S. Tomac
                                                         Its President

                                                  GUARANTOR:

______________________                            BIRMINGHAM  H20 SERVICES, INC.

______________________                            By: /s/_____________________
                                                         John S. Tomac
                                                         Its President

STATE OF CONNECTICUT)
                    )  ss:  New Haven             December 30, 2003
COUNTY OF NEW HAVEN )

         Personally appeared Paul M. Canelli, Vice President of Citizens Bank of
Connecticut, hereunto duly authorized, signer and sealer of the foregoing
instrument, and acknowledged the same to be his/her free act and deed, and the
free act and deed of said banking association before me.

                                          /s/_______________________________
                                          Commissioner of the Superior Court
                                          Notary Public
                                          My Commission Expires:

STATE OF CONNECTICUT)
                    )  ss: New Haven,             December 30, 2003
COUNTY OF NEW HAVEN )

         Personally appeared, John S. Tomac, President of Birmingham Utilities,
Inc., a Connecticut corporation, signer and sealer of the foregoing instrument
and acknowledged the same to be his free act and deed as such president and the
free act and deed of said corporation, before me.

                                          /s/_______________________________
                                          Commissioner of the Superior Court
STATE OF CONNECTICUT)
                    )   ss: New Haven,            December 30, 2003
COUNTY OF NEW HAVEN )

         Personally appeared, John S. Tomac, President of Birmingham H20
Services, Inc., a Connecticut corporation, signer and sealer of the foregoing
instrument and acknowledged the same to be his free act and deed as such
president and the free act and deed of said corporation, before me.

                                          /s/_______________________________
                                          Commissioner of the Superior CourtEXHIBIT 10.15
                                                                   -------------

                          AGREEMENT AND PLAN OF MERGER
                          ----------------------------

     THIS AGREEMENT AND PLAN OF MERGER is made as of the 28th day of February,
2001, by and among WIRELESS XCESSORIES GROUP, INC., a Delaware corporation
("Survivor"), and ACCESSORY SOLUTIONS.COM, INC., a Delaware corporation
("Accessory Solutions"), ADVANCED FOX ANTENNA, INC., a Delaware corporation
("Advanced Fox"), and CLIFFCO OF TAMPA BAY, INC., a Florida corporation
("Cliffco"), (collectively, the "Merging Entities") (Survivor and the Merging
Entities are referred to individually as a "Constituent Entity" and collectively
as the "Constituent Entities").

                              W I T N E S S E T H :

     WHEREAS, the Constituent Entities desire to cause the Merging Entities to
combine and merge with and into Survivor so that, after the merger is effected,
the only remaining entity will be Survivor;

     WHEREAS, the board of directors of Survivor and the boards of directors of
each of the Merging Entities has deemed it desirable and in the best interests
of the Constituent Entities to merge the Merging Entities with and into Survivor
in the manner set forth herein;

     WHEREAS, Survivor owns all of the issued and outstanding capital stock of
each of the Merging Entities; and

     WHEREAS, it is the intention that each merger of a Merging Entity
(collectively, the "Merger") shall constitute a "reorganization" under the
provisions of Section 368(a)(1)(A) and 368(a)(1)(D) of the Internal Revenue Code
of 1986, as amended (the "Code").

     NOW, THEREFORE, in consideration of the premises and the mutual agreements
herein set forth, the parties hereto, each intending to be legally bound hereby,
do hereby agree as follows:

<PAGE>

                                    ARTICLE I

In accordance with statutory merger provisions of the Delaware General
Corporation Law (the "DGCL") and the Florida Business Corporation Act (the
"FBCA") and the terms and conditions herein provided, the Merging Entities shall
be merged with and into Survivor, and the separate existence of each of the
Merging Entities shall cease, except insofar as it may be continued by operation
of law, on the Effective Date of the Merger (as hereinafter defined). Thereupon,
the Merging Entities and Survivor shall become a single entity, which shall be
Survivor, which shall survive the Merger and shall continue to exist under and
be governed by the laws of the State of Delaware.

                                   ARTICLE II

     On the Effective Date, the Certificate of Incorporation of Survivor shall
be, and continue to be, the Certificate of Incorporation of Survivor until
amended or repealed in accordance with their provisions and the provisions of
applicable law.

                                   ARTICLE III

     On the Effective Date, the Bylaws of Survivor shall be, and continue to be,
the Bylaws of Survivor until amended or repealed in accordance with their
provisions, the provisions of the Certificate of Incorporation and the
provisions of applicable law.

                                   ARTICLE IV

     The Board of Directors and the officers of Survivor immediately prior to
the Effective Date of the Merger shall be and continue to be the Board of
Directors and the officers of Survivor until their successors are elected and
qualified, or their prior resignation, removal or death.

                                    ARTICLE V

     On the Effective Date of the Merger, each outstanding share of capital
stock of the Merging Entities shall, by virtue of the Merger and without any
action on the part of the holder thereof, automatically be canceled and the
holders thereof shall not receive any capital stock in Survivor or cash or other
securities or property in exchange therefor.

<PAGE>

                                   ARTICLE VI

The Merger shall have the effects specified in the DGCL and the FBCA and, upon
the effectiveness of the Merger, Survivor shall possess all the rights,
privileges, powers and franchises of a public as well as of a private nature,
and shall be subject to all the restrictions, disabilities and duties, of each
Constituent Entity; and all such rights, privileges, powers and franchises of
each Constituent Entity, and all property, real, personal and mixed of each
Constituent Entity, and all debts due to any Constituent Entity on whatever
account, shall be vested in Survivor; and all such rights, privileges, powers,
franchises, property and other interests of each Constituent Entity shall be
thereafter as effectually the property of Survivor as they were of any
Constituent Entity, and the title to any real estate vested by deed or otherwise
in any Constituent Entity shall not revert or be in any way impaired by reason
of the Merger; but all rights of creditors and all liens upon any property of
any Constituent Entity shall be preserved unimpaired and all debts, liabilities
and duties of any Constituent Entity shall thenceforth attach to Survivor, and
may be enforced against Survivor to the same extent as if such debts,
liabilities and duties had been incurred or contracted by it.

The parties hereto agree that from time to time and as and when requested by
Survivor, or by its successors or assigns, to the extent permitted by law, the
directors and officers of Survivor are hereby authorized in the name of the
Merging Entities or otherwise to execute and deliver all such deeds,
assignments, confirmations, assurances and other instruments and to take or
cause to be taken all such further action as Survivor may deem necessary or
desirable in order to vest, perfect, confirm in or assure Survivor title to and
possession of all of said property, rights, privileges, powers and franchises
and otherwise to carry out the intent and purpose of this Agreement.

                                   ARTICLE VII

The assets and liabilities of the Merging Entities shall be recorded upon the
books of Survivor at the amounts at which they are carried on the books of the
Merging Entities immediately prior to the Effective Date of the Merger.

                                  ARTICLE VIII

A Certificate of Merger shall be executed on behalf of the Constituent Entities,
and such Certificate of Merger shall be filed with the Secretary of State of the
State of Delaware. Articles of Merger shall be executed on behalf of the
Constituent Entities and such Articles of Merger shall be filed with the
Department of State of the State of Florida.

<PAGE>

                                   ARTICLE IX

For the convenience of the parties hereto and to facilitate any filing and
recording of this Agreement, any number of counterparts hereof may be executed,
each of which shall be deemed to be an original of this Agreement but all of
which together shall constitute one and the same instrument.

                                    ARTICLE X

Shareholders of Cliffco who, except for the applicability of Section 607.1104 of
the FBCA providing for the merger of a parent and one or more subsidiaries
without shareholder approval, would be entitled to vote and who dissent from the
merger pursuant to Section 607.1320 of the FBCA, may be entitled, if they comply
with the provisions of the FBCA regarding the rights of dissenting shareholder,
to be paid the fair value of their shares.

Survivor hereby appoints the Secretary of State of the State of Florida and his
successors in office as its agents for service of process in a proceeding to
enforce any obligation or the rights of dissenting shareholders of Cliffco and
Survivor will promptly pay to the dissenting shareholders of Cliffco the amount,
if any, to which they are entitled under Section 607.1302 of the FBCA.

                                   ARTICLE XI

Survivor shall assume and pay all expenses in connection with the Merger not
already paid as of the Effective Date of the Merger.

                                  ARTICLE XIII

This Agreement and Plan of Merger may be terminated and abandoned by the mutual
consent of the respective directors of the Merging Entities and the directors
and officers of the Survivor, at any time before the Effective Date of the
Merger, whether before or after approval of this Agreement by stockholders of
the Merging Entities, if such approval is required.

                                   ARTICLE XIV

The parties hereto, by the mutual consent of the respective boards of directors
may amend, modify or supplement this Agreement in such manner as may be agreed
upon by them in writing at any time before the Effective Date of the Merger,
except that no such amendment, modification or supplement not adopted and
approved by the stockholders of a Constituent Entity for which such shareholder
approval was required shall effect a change of the type described in Section
251(d) of the DGCL or Section 607.1103 of the FBCA.

<PAGE>

                                   ARTICLE XV

The Effective Date of the Merger shall be February 28, 2001 for accounting
purposes.

                                   ARTICLE XVI

The directors and officers of Survivor shall be authorized, at such time in
their sole discretion as they deem appropriate, to execute, acknowledge, verify,
deliver, file and record, for and in the name of Survivor and the stockholders
of the Merging Entities any and all documents and instruments, and shall do and
perform any and all acts required by applicable law which the directors of
Survivor deem necessary or advisable, in order to effectuate the Merger.

<PAGE>

IN WITNESS WHEREOF, each of the parties hereto, pursuant to authority duly
granted by its respective board of directors and stockholders has caused this
Agreement and Plan of Merger to be executed by its duly authorized officers, all
as of the day and year first above written.

                          WIRELESS XCESSORIES GROUP, INC., a
                          Delaware corporation

                          By: /s/ Ronald Badke
                              -------------------------------------------------
                              Name: Ronald Badke
                              Title: Chief Financial Officer and Secretary

                          ACCESSORY SOLUTIONS.COM, INC, a
                          Delaware Corporation

                          By: /s/ Ronald Badke
                              -------------------------------------------------
                              Name: Ronald Badke
                              Title: Chief Financial Officer and Secretary

                          ADVANCED FOX ANTENNA, INC.,
                            a Delaware corporation

                          By: /s/ Ronald Badke
                              -------------------------------------------------
                              Name: Ronald Badke
                              Title: Chief Financial Officer and Secretary

                          CLIFFCO OF TAMPA BAY, INC.,
                            a Florida Corporation

                          By: /s/ Ronald Badke
                              -------------------------------------------------
                              Name: Ronald Badke
                              Title: Chief Financial Officer and Secretary

<PAGE>

WAIVER AND AMENDMENT NO. 2 TO REVOLVING CREDIT, TERM LOAN AND SECURITY AGREEMENT

THIS WAIVER AND AMENDMENT NO. 2 ("Amendment") is entered into as of
March __, 2001, by and among Wireless Xcessories Group, Inc. formerly known as
Batteries Batteries, Inc. ("BATS"), Tauber Electronics, Inc. ("TEI"), , Specific
Energy Corporation ("SEC"), W.S. Battery & Sales Company, Inc. ("WSBS"), Battery
Network, Inc. ("BN"), Battery Acquisition Corp. ("BAC"), (BATS, TEI, SEC, WSBS,
BN and BAC, each a "Borrower" and collectively the "Borrowers"), IBJ Whitehall
Business Credit Corporation (successor to IBJ Schroder Business Credit
Corporation) ("IBJS"), each of the other financial institutions named in the
Loan Agreement or which hereafter become parties thereto (IBJS and such
financial institutions, the "Lenders") and IBJS as agent for the Lenders (IBJS
in such capacity, the "Agent").

                                   BACKGROUND

Borrowers, Agent and Lenders are parties to a Revolving Credit, Term Loan and
Security Agreement dated as of January 7, 1997 (as amended, supplemented or
otherwise modified from time to time, the "Loan Agreement") pursuant to which
Lenders provide Borrowers with certain financial accommodations.

Borrowers have requested that Agent and Lenders waive certain Events of Default
and amend certain provisions of the Loan Agreement, and Agent and Lenders are
willing to do so on the terms and conditions hereafter set forth.

NOW, THEREFORE, in consideration of any loan or advance or grant of credit
heretofore or hereafter made to or for the account of Borrowers by Agent and
Lenders, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

          1.   Definitions. All capitalized terms not otherwise defined herein
               shall have the meanings given to them in the Loan Agreement.

          2.   Amendment to Loan Agreement. Subject to satisfaction of the
               conditions precedent set forth in Section 4 below, the Loan
               Agreement is hereby amended as follows:

          2.1. Section 6.5 is amended in its entirety to provide as follows:

               "6.5 Net Worth. Maintain at the end of each fiscal quarter set
               forth below a Net Worth of least the amount set opposite such
               fiscal quarter end below:

<PAGE>

              Fiscal Quarter Ending                       Net Worth
              ---------------------                       ---------
              March 31, 2001                             $6,500,000
              June 30, 2001                              $6,600,000
              September 30, 2001                         $6,700,000
              December 31, 2001                          $6,700,000
              March 31, 2002                             $6,750,000
              June 30, 2002                              $6,850,000
              September 30, 2002                         $6,950,000
              December 31, 2002                          $7,050,000

              2.2. Section 6.7 is amended in its entirety to provide as follows:

              "6.7 Fixed Charge Coverage Ratio. Maintain as of the end of each
              rolling four-quarter period set forth below a Fixed Charge
              Coverage Ratio of not less than the ratio set opposite such
              rolling four-quarter period below:

              Rolling Four-quarter Period            Fixed Charge Coverage Ratio
              ---------------------------            ---------------------------
              April 1, 2000 - March 31, 2001                0.40 to 1.00
              July 1, 2000 - June 30, 2001                  0.65 to 1.00
              October 1, 2000 - September 30, 2001          1.25 to 1.00
              January 1, 2001 - December 31, 2001           1.50 to 1.00
              April 1, 2001 - March 31, 2002                1.25 to 1.00
              July 1, 2001 - June 30, 2002                  1.25 to 1.00
              October 1, 2001 - September 30, 2002          1.25 to 1.00
              January 1, 2002 - December 31, 2002           1.25 to 1.00

              2.3. Section 6.8 is amended in its entirety to provide as follows:

              "6.8 EBITDA. Maintain as of the end of each rolling four-quarter
              period set forth below, EBITDA of at least the amount set opposite
              such rolling four-quarter period below:

              Rolling Four-quarter Period                        EBITDA
              ---------------------------                        ------
              April 1, 2000 - March 31, 2001                   $1,600,000
              July 1, 2000 - June 30, 2001                     $1,615,000
              October 1, 2000 - September 30, 2001             $1,615,000
              January 1, 2001 - December 31, 2001              $2,000,000
              April 1, 2001 - March 31, 2002                   $2,000,000
              July 1, 2001 - June 30, 2002                     $2,000,000
              October 1, 2001 - September 30, 2002             $2,000,000
              January 1, 2002 - December 31, 2002              $2,000,000

<PAGE>

              2.4. Section 13.1 is amended as follows:

              (a) The first sentence is amended in its entirety to provide as
              follows:

              "This Agreement, which shall inure to benefit of and shall be
              binding upon the respective successors and permitted assigns of
              each Borrower, Agent and each Lender, shall become effective on
              the date hereof and shall continue in full force and effect until
              January 7, 2003 (the "Term") unless sooner terminated as herein
              provided."

              (b) The last sentence is amended in its entirety to provide as
              follows:

              "In the event the Obligations are prepaid in full prior to the
              last day of the Term (the date of such prepayment hereinafter
              referred to as the "Early Termination Date"), Borrowers shall pay
              to Agent for the benefit of Lenders an early termination fee in an
              amount equal to $50,000 if the Early Termination Date occurs on or
              before January 6, 2003."

         3. Waiver. Subject to satisfaction of the conditions precedent set
forth in Section 4 below, Lender hereby waives the Events of Default that have
occurred for the fiscal quarter ending December 31, 2000 as a result of
Borrowers' non-compliance (a) with Section 6.5 of the Loan Agreement solely as
respects the failure to maintain the minimum Net Worth required pursuant to
Section 6.5 of the Loan Agreement, (b) Section 6.7 of the Loan Agreement solely
as respects the failure to maintain the Fixed Charge Coverage Ratio required
pursuant to Section 6.7 of the Loan Agreement, and (c) Section 6.8 of the Loan
Agreement solely as respects the failure to maintain the EBITDA required
pursuant to Section 6.8 of the Loan Agreement.

         4. Conditions of Effectiveness. This Amendment shall become effective,
when and only when (a) Agent shall have received an original copy of this
Amendment duly executed on behalf of each Borrower and (b) Agent shall receive a
fee in the amount of $10,000, which may be charged to Borrowers' loan account on
the effective date of this Amendment.

         5. Representations and Warranties. Each Borrower hereby represents and
warrants as follows:

              (a) This Amendment and the Loan Agreement, as amended hereby,
constitute legal, valid and binding obligations of each Borrower and are
enforceable against each Borrower in accordance with their respective terms.

<PAGE>

              (b) Upon the effectiveness of this Amendment, each Borrower hereby
reaffirms all covenants, representations and warranties made in the Loan
Agreement to the extent the same are not amended hereby and agrees that all such
covenants, representations and warranties shall be deemed to have been remade as
of the effective date of this Amendment.

              (c) No Event of Default or Default has occurred and is continuing
or would exist after giving effect to this Amendment.

              (d) No Borrower has any defense, counterclaim or offset with
respect to the Loan Agreement.

         6. Effect on the Loan Agreement.

              (a) Upon the effectiveness of Section 2 hereof, each reference in
the Loan Agreement to "this Agreement," "hereunder," "hereof," "herein" or words
of like import shall mean and be a reference to the Loan Agreement as amended
hereby.

              (b) Except as specifically amended herein, the Loan Agreement, and
all other documents, instruments and agreements executed and/or delivered in
connection therewith, shall remain in full force and effect, and are hereby
ratified and confirmed.

              (c) The execution, delivery and effectiveness of this Amendment
shall not, except as expressly provided in Section 3 operate as a waiver of any
right, power or remedy of Agent or any Lender, nor constitute a waiver of any
provision of the Loan Agreement, or any other documents, instruments or
agreements executed and/or delivered under or in connection therewith.

         7. Governing Law. This Amendment shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns and
shall be governed by and construed in accordance with the laws of the State of
New York.

         8. Headings. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment
for any other purpose.

         9. Counterparts. This Amendment may be executed by the parties hereto
in one or more counterparts, each of which shall be deemed an original and all
of which taken together shall be deemed to constitute one and the same
agreement.

<PAGE>

         IN WITNESS WHEREOF, this Amendment has been duly executed as of the day
and year first written above.

                                       WIRELESS XCESSORIES GROUP, INC.
                                       (formerly known as BATTERIES
                                       BATTERIES, INC.)
                                       TAUBER ELECTRONICS, INC.
                                       SPECIFIC ENERGY CORPORATION
                                       BATTERY NETWORK, INC.
                                       W.S. BATTERY & SALES COMPANY, INC.
                                       BATTERY ACQUISITION CORP.

                                       By:_______________________________
                                       Name: ____________________________
                                       The ________ of each of the
                                       foregoing Corporations

                                       IBJ WHITEHALL BUSINESS CREDIT
                                       CORPORATION, as Agent and as Lender

                                       By:_______________________________
                                       Name:_____________________________
                                       Title:____________________________

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