Document:

Exhibit 4.10

                                PLEDGE AGREEMENT

     This PLEDGE AGREEMENT (the "AGREEMENT") dated as of January 11, 2000, is
made by each undersigned (each, a "PLEDGOR," and collectively, "PLEDGORS") in
favor of DIMENSIONAL VISIONS, INC., a Delaware corporation ("Borrower").

                                    RECITALS

     A. Pursuant to that certain Loan and Security Agreement of even date
herewith by and between Borrower and Merrill Lynch ("Lender") (the "LOAN
AGREEMENT"), Lender has agreed to make Loans to and incur Letter of Credit
Obligations (each as defined in the Loan Agreement) for the direct and indirect
benefit of Borrower.

     B. Each Pledgor is the record and beneficial owner of the assets pledged by
it and transferred into the Pledge Account of Lender (the "PLEDGE ACCOUNT"),
sufficient to meet the Credit Obligations at all times.

     C. Each Pledgor is either a direct or indirect beneficiary of the credit
facilities made available to Borrower under the Loan Agreement.

     D. In order to induce Lender to make the Loans and to incur the Letter of
Credit Obligations as provided for in the Loan Agreement, each Pledgor has
agreed to pledge the Pledged Collateral to Lender in accordance herewith.

                                    AGREEMENT

     NOW, THEREFORE, in consideration of the premises and the covenants
hereinafter contained and to induce the Lender to make Loans and to incur Letter
of Credit Obligations under the Loan Agreement, it is agreed as follows:

          1. PLEDGE. Each Pledgor hereby pledges to Lender a first priority Lien
on all of the assets transferred into the Pledge Account (the "PLEDGED
COLLATERAL") including, but not limited to, the Pledged Stock owned by it and
the certificates representing such Pledged Stock, and property or Proceeds from
time to time received, receivable or otherwise distributed in respect of or in
exchange for any or all of such Pledged Stock;

          2. TERM. The term of this Agreement will be one year, renewable at the
option of Borrower provided Borrower is current on its interest obligations to
Lender (the "Term"). The renewal terms will be negotiated in good faith at the
end of each year.

          3. SECURITY FOR OBLIGATIONS. This Agreement secures, and the Pledged
Collateral is security for, the prompt payment and performance in full when due,
whether at stated maturity, by acceleration or otherwise, of all Obligations of
any kind under or in connection with the Loan Agreement and the other Loan
Documents and all obligations of each Pledgor now or hereafter existing under
this Agreement or any other Loan Document to which such Pledgor is a party,
including all fees, costs and expenses whether in connection with collection
actions hereunder or thereunder or otherwise (collectively, the "SECURED
OBLIGATIONS").

                                       1
<PAGE>
          4. DELIVERY OF PLEDGED COLLATERAL. All certificates and all promissory
notes, instruments and letters of credit evidencing the Pledged Collateral shall
be delivered to and held by or on behalf of Lender pursuant hereto. All Pledged
Stock shall be accompanied by duly executed instruments of transfer or
assignment in blank, all in form and substance satisfactory to Lender and all
promissory notes or other instruments evidencing the Pledged Indebtedness shall
be endorsed by the Pledgor pledging such Pledged Indebtedness.

          5. CONSIDERATION. In consideration of the Pledge of Pledged Collateral
by the Pledgors, Borrower hereby grants to the Pledgors, collectively and not
individually, the following (collectively, the "Consideration"):

               (a) 250,000 warrants to purchase shares of common stock of
Borrower for a term of five years with an exercise price of the fair market
value of the Borrower's common stock (the "Commitment Warrants"). The fair
market value of Borrower's common stock shall be the average closing bid price
of Borrower's common stock as quoted on the over-the-counter bulletin board for
the last five trading days prior to the date of issue.

               (b) 50,000 shares of common stock of Borrower, restricted under
Rule 144 and bearing the Rule 144 restrictive legend (the "Commitment Shares").

               (c) As Borrower receives loans or line of credit advances from
Lender, for each dollar borrowed by Borrower, the Pledgors, collectively, shall
receive one warrant to purchase shares of common stock (the "Usage Warrants") of
Borrower for a term of five years with an exercise price of 25% less than the
fair market value of the Borrower's common stock. The fair market value of
Borrower's common stock shall be the average closing bid price of Borrower's
common stock as quoted on the over-the-counter bulletin board for the last five
trading days prior to the date of issue.

               (d) At any time that there is an outstanding balance under the
Loan Agreement, the Pledgors, collectively, can elect to convert the outstanding
balance under the Loan Agreement into shares of common stock of Borrower and
assume responsibility for paying the outstanding balance existing on the date of
conversion under the follow formula: For each dollar borrowed by Borrower, the
Pledgors, collectively, shall receive one conversion option to receive three
shares of common stock of Borrower, restricted under Rule 144.

               (e) Pledgors jointly shall have the right, but not the
obligation, to nominate one member to the Board of Directors of Borrower (the
"Nominee"). The Nominee's appointment shall be subject to shareholder approval
as required by Delaware corporate law. The Nominee shall serve on the Board of
Directors of Borrower for a term of one year, the term of this Agreement, or
until his or her successor has been duly elected, whichever is earliest.

               (f) Borrower shall register all Commitment Shares and common
stock underlying the Commitment Warrants and Usage Warrants on form SB-2 or
similar form within six (6) months of the date of this Agreement.

                                       2
<PAGE>
          6. REPRESENTATIONS AND WARRANTIES. Each Pledgor represents and
warrants to Borrower that:

               (a) (i) Such Pledgor is, and at the time of delivery of the
Pledged Stock owned by it to Lender will be, the sole holder of record and the
sole beneficial owner of such Pledged Collateral pledged by it free and clear of
any Lien thereon or affecting the title thereto, except for any Lien created by
this Agreement or the other Loan Documents, and (ii) such Pledgor is, and at the
time of delivery of the Pledged Indebtedness held by it to Lender will be, the
sole owner and holder of such Pledged Collateral free and clear of any Lien
thereon or affecting title thereto, except for any Lien created by this
Agreement or the other Loan Documents.

               (b) (i) All of the Pledged Stock owned by such Pledgor have been
duly authorized, validly issued and are fully paid and nonassessable, and (ii)
the Pledged Indebtedness held by such Pledgor has been duly authorized,
authenticated or issued and delivered by, and constitutes the legal, valid and
binding obligation of, each Pledged Entity issuing same, and no such Pledged
Entity is in default thereunder.

               (c) Such Pledgor has the right and requisite authority to pledge,
assign, transfer, deliver, deposit and set over the Pledged Collateral pledged
by such Pledgor to Lender as provided herein.

               (d) None of the Pledged Stock or Pledged Indebtedness owned or
held by such Pledgor has been issued or transferred in violation of the
securities registration, securities disclosure or similar laws of any
jurisdiction to which such issuance or transfer may be subject.

               (e) Such Pledgor is the sole owner of the Pledged Stock pledged
by it. As of the date hereof, there are no existing options, warrants, calls or
commitments of any character whatsoever relating to the Pledged Stock pledged by
such Pledgor hereunder.

               (f) No consent, approval, authorization or other order or other
action by, and no notice to or filing with, any Governmental Authority or any
other Person is required (i) for the pledge by such Pledgor of the Pledged
Collateral owned or held by it pursuant to this Agreement or for the execution,
delivery or performance of this Agreement by such Pledgor, or (ii) for the
exercise by Lender of the voting or other rights provided for in this Agreement
or the remedies in respect of such Pledged Collateral pursuant to this
Agreement, except as may be required in connection with such disposition by laws
affecting the offering and sale of securities generally.

               (g) The pledge, assignment and delivery of the Pledged Collateral
owned or held by it pursuant to this Agreement will create a valid first
priority Lien in favor of Lender upon such Pledged Collateral and the Proceeds
thereof, securing the payment of the Secured Obligations, subject to no other
Lien.

               (h) This Agreement has been duly authorized, executed and
delivered by such Pledgor and constitutes a legal, valid and binding obligation
of such Pledgor enforceable against such Pledgor in accordance with its terms.

                                       3
<PAGE>
               (i) None of the Pledged Indebtedness held by such Pledgor is
subordinated in right of payment to other Indebtedness (except for the Secured
Obligations) or subject to the terms of an indenture.

               (j) Pledgor has adequate means of providing for current needs and
contingencies, has no need for liquidity in the investment, and is able to bear
the economic risk of the Pledge and an investment in the Consideration. Pledgor
represents that Pledgor is able to bear the economic risk of the Pledge and an
investment in the Consideration and at the present time could afford a complete
loss of such investment. Pledgor has had a full opportunity to inspect the books
and records of the Borrower and to make any and all inquiries of Borrower
officers and directors regarding the Borrower and its business as Pledgor has
deemed appropriate.

               (k) Pledgor is an "Accredited Investor" as defined in Regulation
D of the Securities Act of 1933 (the "Act") and Pledgor, either alone or with
Pledgor's professional advisers who are unaffiliated with, have no equity
interest in and are not compensated by Borrower or any affiliate or selling
agent of Borrower, directly or indirectly, has sufficient knowledge and
experience in financial and business matters that Pledgor is capable of
evaluating the merits and risks of an investment in the Consideration offered by
Borrower and of making an informed investment decision with respect thereto and
has the capacity to protect Pledgor's own interests in connection with Pledgor's
proposed investment in the Consideration.

               (l) Pledgor is acquiring the Consideration solely for Pledgor's
own account as principal, for investment purposes only and not with a view to
the resale or distribution thereof, in whole or in part, and no other person or
entity has a direct or indirect beneficial interest in such Consideration.

               (m) Pledgor will not sell or otherwise transfer the Consideration
without registration under the Act or an exemption therefrom and fully
understands and agrees that Pledgor must bear the economic risk of Pledgor's
purchase for an indefinite period of time because, among other reasons, the
Consideration has not been registered under the Act or under the securities laws
of any state and, therefore, cannot be resold, pledged, assigned or otherwise
disposed of unless they are subsequently registered under the Act and under the
applicable securities laws of such states or unless an exemption from such
registration is available.

               (n) Pledgor has received from Borrower and reviewed documentation
and information on the Borrower, which includes business information and audited
financial statements of the Borrower.

                  The representations and warranties set forth in this SECTION 7
shall survive the execution and delivery of this Agreement.

          7. COVENANTS. Each Pledgor covenants and agrees that for the Term of
this Agreement:

                                       4
<PAGE>
               (a) Without the prior written consent of Borrower, such Pledgor
will not sell, assign, transfer, pledge, or otherwise encumber any of its rights
in or to any Pledged Collateral owned or held by it, or any unpaid dividends,
interest or other distributions or payments with respect to such Pledged
Collateral, or grant a Lien on such Pledged Collateral, except as otherwise
expressly permitted by the Loan Agreement.

               (b) Such Pledgor will, at its expense, promptly execute,
acknowledge and deliver all such instruments and deliver letters of credit and
take all such actions as Lender from time to time may request in order to ensure
to Lender the benefits of the Liens upon the Pledged Collateral owned or held by
it intended to be created by this Agreement, including the filing of any
necessary Uniform Commercial Code financing statements, that may be filed by
Lender with or (to the extent permitted by law) without the signature of such
Pledgor, and will cooperate with Lender, at such Pledgor's expense, in obtaining
all necessary approvals and making all necessary filings under federal, state,
local or foreign law in connection with such Liens or any sale or transfer of
such Pledged Collateral.

               (c) Such Pledgor has and will defend the title to the Pledged
Collateral owned or held by it and the Liens of Lender on such Pledged
Collateral against the claim of any Person and will maintain and preserve such
Liens.

          8. PLEDGOR'S RIGHTS. So long as no Default or Event of Default shall
have occurred and be continuing and until written notice shall be given to any
Pledgor in accordance with SECTION 9(A):

               (a) Each Pledgor shall have the right, from time to time, to vote
and give consents with respect to the Pledged Collateral pledged by it hereunder
or any part thereof for all purposes not inconsistent with the provisions of
this Agreement, the Loan Agreement or any other Loan Document; provided, that no
vote shall be cast, and no consent shall be given or action taken, that would
have the effect of impairing the position or interest of Lender in respect of
the Pledged Collateral or that would authorize, effect or consent to (unless and
to the extent expressly permitted by the Loan Agreement):

                    (i) the dissolution or liquidation, in whole or in part, of
a Pledged Entity;

                    (ii) the consolidation or merger of a Pledged Entity with
any other Person;

                    (iii) the sale, disposition or encumbrance of all or
substantially all of the assets of a Pledged Entity, except for Liens in favor
of Lender;

                    (iv) any change in the authorized number of shares, the
stated capital or the authorized share capital of a Pledged Entity or the
issuance of any additional shares of its Stock; or

                    (v) the alteration of the voting rights with respect to the
Stock of a Pledged Entity.

                                       5
<PAGE>
               (b) Each Pledgor shall be entitled, from time to time, to collect
and receive for its own use all cash dividends and interest paid in respect of
the Pledged Stock and Pledged Indebtedness pledged by it hereunder to the extent
not in violation of the Loan Agreement, except for any and all: (i) dividends
and other distributions paid or payable in cash in respect of any such Pledged
Stock in connection with a partial or total liquidation or dissolution or in
connection with a reduction of capital, capital surplus or paid-in capital of a
Pledged Entity; and (ii) cash paid, payable or otherwise distributed in respect
of principal of, or in redemption of, or in exchange for, any such Pledged
Collateral; provided, that until actually paid all rights to such distributions
shall remain subject to the Lien in favor of Lender created by this Agreement
and the other Loan Documents.

          9. DEFAULTS AND REMEDIES.

               Upon the occurrence and during the continuation of any Event of
Default and after ten (10) days written notice of such Default without remedy by
Pledgor, Lender (personally or through an agent) is hereby authorized and
empowered to transfer and register in its name or in the name of its nominee the
whole or any part of the Pledged Collateral pledged by such Pledgor hereunder,
to exchange certificates or instruments representing or evidencing such Pledged
Collateral for certificates or instruments of smaller or larger denominations,
to exercise the voting and all other rights as a holder with respect thereto, to
collect and receive all cash dividends, interest, principal and other
distributions made thereon, to sell in one or more sales after ten days' notice
of the time and place of any public sale or of the time at which a private sale
is to take place (which notice such Pledgor agrees is commercially reasonable)
the whole or any part of such Pledged Collateral and to otherwise act with
respect to such Pledged Collateral as though Lender were the outright owner
thereof. Each Pledgor shall remain liable for any deficiency if the proceeds of
any sale or disposition of Collateral are insufficient to pay in full the
Secured Obligations.

          10. WAIVER. No delay on Lender's part in exercising any power of sale,
Lien, option or other right hereunder, and no notice or demand that may be given
to or made upon any Pledgor by Lender with respect to any power of sale, Lien,
option or other right hereunder, shall constitute a waiver thereof, or limit or
impair Lender's right to take any action or to exercise any power of sale, Lien,
option, or any other right hereunder, without notice or demand, or prejudice
Lender's rights as against any Pledgor in any respect.

          11. ASSIGNMENT. Lender may assign, indorse or transfer any instrument
evidencing all or any part of the Secured Obligations as provided in, and in
accordance with, the Loan Agreement, and the holder of such instrument shall be
entitled to the benefits of this Agreement.

          12. TERMINATION. Immediately following the Termination Date, Lender
shall deliver to each Pledgor (as the case may be) the Pledged Collateral
pledged by such Pledgor at the time subject to this Agreement and all
instruments of assignment executed in connection therewith, free and clear of
the Liens created in favor of Lender under this Agreement and the other Loan
Documents and, except as otherwise provided herein, all of such Pledgor's
obligations hereunder shall at such time terminate.

                                       6
<PAGE>
          13. LIEN ABSOLUTE. All rights of Lender hereunder, and all obligations
of each Pledgor hereunder, shall be absolute and unconditional irrespective of:

               (a) any lack of validity or enforceability of the Loan Agreement,
any other Loan Document or any other agreement or instrument governing or
evidencing any Secured Obligations;

               (b) any change in the time, manner or place of payment of, or in
any other term of, all or any part of the Secured Obligations, or any other
amendment or waiver of or any consent to any departure from the Loan Agreement,
any other Loan Document or any other agreement or instrument governing or
evidencing any Secured Obligations;

               (c) any exchange, release or non-perfection of any other
Collateral or any release or amendment or waiver of, or consent to departure
from any guaranty for, all or any of the Secured Obligations;

               (d) the insolvency of any Credit Party; or

               (e) any other circumstance that might otherwise constitute a
defense available to, or a discharge of, such Pledgor.

          14. RELEASE. Each Pledgor consents and agrees that Lender may at any
time, or from time to time, in its discretion:

               (a) renew, extend or change the time of payment of, or the
manner, place or terms of payment of, all or any part of the Secured
Obligations; and (b) exchange, release or surrender all or any of the Collateral
(including the Pledged Collateral), or any part thereof, by whomsoever
deposited, that is now or may hereafter be held by or on behalf of Lender in
connection with all or any of the Secured Obligations; all in such manner and
upon such terms as Lender may deem proper, and without notice to or further
assent from such Pledgor, it being hereby agreed that such Pledgor shall be and
remain bound by this Agreement irrespective of the value or condition of any of
the Collateral and notwithstanding any such change, exchange, settlement,
compromise, surrender, release, renewal or extension, and notwithstanding also
that the Secured Obligations may, at any time, exceed the aggregate principal
amount thereof set forth in the Loan Agreement or any other agreement governing
any Secured Obligations. Each Pledgor hereby waives notice of acceptance of this
Agreement, presentment, demand, protest and notice of dishonor of any and all of
the Secured Obligations, and any delay by Lender in commencing suit against any
party hereto or Person liable hereon, and in giving any notice to or of making
any claim or demand hereunder upon such Pledgor. No act or omission of any kind
on Lender's part shall in any event affect or impair this Agreement.

          15. REINSTATEMENT. This Agreement shall remain in full force and
effect and continue to be effective should any petition be filed by or against

                                       7
<PAGE>
any Pledgor or any Pledged Entity for liquidation or reorganization, should any
Pledgor or any Pledged Entity become insolvent or make an assignment for the
benefit of creditors or should a receiver or trustee be appointed for all or any
significant part of any Pledgor's or Pledged Entity's assets, and shall continue
to be effective or be reinstated, as the case may be, if at any time payment and
performance of the Secured Obligations, or any part thereof, is, pursuant to
applicable law, rescinded or reduced in amount, or must otherwise be restored or
returned by any obligee of the Secured Obligations, whether as a "voidable
preference," "fraudulent transfer," or otherwise, all as though such payment or
performance had not been made. In the event that any payment, or any part
thereof, is rescinded, reduced, restored or returned, the Secured Obligations
shall be reinstated and deemed reduced only by such amount paid and not so
rescinded, reduced, restored or returned.

          16. MISCELLANEOUS.

               (a) Lender may execute any of its duties hereunder by or through
agents or employees and shall be entitled to advice of counsel concerning all
matters pertaining to its duties hereunder.

               (b) Each Pledgor agrees to promptly reimburse Lender for actual
out-of-pocket expenses, including reasonable attorneys' fees, incurred by Lender
in connection with the administration and enforcement of this Agreement.

               (c) Neither Lender nor any of its officers, directors, employees,
agents or counsel shall be liable for any action lawfully taken or omitted to be
taken by it or them hereunder or in connection herewith, except for its or their
own gross negligence or willful misconduct as finally determined by a court of
competent jurisdiction.

               (d) THIS AGREEMENT SHALL BE BINDING UPON EACH PLEDGOR AND ITS
SUCCESSORS AND ASSIGNS (INCLUDING A TRUSTEE OR DEBTOR-IN-POSSESSION ON BEHALF OF
SUCH PLEDGOR), AND SHALL INURE TO THE BENEFIT OF, AND BE ENFORCEABLE BY, LENDER
AND ITS SUCCESSORS AND ASSIGNS, AND SHALL BE GOVERNED BY, AND CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF CALIFORNIA APPLICABLE TO
CONTRACTS MADE AND PERFORMED IN THAT STATE, AND NONE OF THE TERMS OR PROVISIONS
OF THIS AGREEMENT MAY BE WAIVED, ALTERED, MODIFIED OR AMENDED EXCEPT IN WRITING
DULY SIGNED FOR AND ON BEHALF OF LENDER AND EACH PLEDGOR.

          17. SEVERABILITY. If for any reason any provision or provisions hereof
are determined to be invalid and contrary to any existing or future law, such
invalidity shall not impair the operation of or affect those portions of this
Agreement that are valid.

          18. NOTICES. Except as otherwise provided herein, whenever it is
provided herein that any notice, demand, request, consent, approval, declaration
or other communication shall or may be given to or served upon any of the
parties by any other party, or whenever any of the parties desires to give or
serve upon any other party any communication with respect to this Agreement,
each such notice, demand, request, consent, approval, declaration or other
communication shall be in writing and shall be given in the manner, and deemed
received, as provided for in the Loan Agreement.

                                       8
<PAGE>
          19. COUNTERPARTS. This Agreement may be executed in any number of
counterparts, which shall, collectively and separately, constitute one
agreement. Execution and delivery may be effected by the transmission of
facsimile signatures pages. The parties shall thereafter exchange original
signature pages.

     IN WITNESS WHEREOF, the parties hereto have caused this Pledge Agreement to
be duly executed as of the date first written above.

"PLEDGORS"                              "BORROWER"
                                         DIMENSIONAL VISIONS, INC.
                                         a Delaware Corporation

/s/ Russell H. Ritchie                     /s/ John D. McPhilimy
-----------------------------------        ---------------------------------
/s/ Dale Riker
-----------------------------------      By: John D. McPhilimy
                                            --------------------------------
-----------------------------------
                                        Its: President
                                            --------------------------------

"LENDER"

MERRILL LYNCH

                                       9Exhibit 4.11

                        DIMENSIONAL VISIONS INCORPORATED

                    AMENDED AND RESTATED INVESTMENT AGREEMENT

     THE SECURITIES  OFFERED HEREBY HAVE NOT BEEN REGISTERED WITH THE SECURITIES
     AND EXCHANGE COMMISSION OR ANY STATE OR OTHER SECURITIES AUTHORITIES.  THEY
     MAY NOT BE SOLD OR TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
     STATEMENT OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE FEDERAL
     AND STATE SECURITIES LAWS.

     THIS  INVESTMENT  AGREEMENT  DOES NOT  CONSTITUTE  AN  OFFER TO SELL,  OR A
     SOLICITATION  OF AN  OFFER TO  PURCHASE,  ANY OF THE  SECURITIES  DESCRIBED
     HEREIN  BY OR TO ANY  PERSON IN ANY  JURISDICTION  IN WHICH  SUCH  OFFER OR
     SOLICITATION WOULD BE UNLAWFUL.  THESE SECURITIES HAVE NOT BEEN RECOMMENDED
     BY ANY FEDERAL OR STATE SECURITIES  AUTHORITIES,  NOR HAVE SUCH AUTHORITIES
     CONFIRMED THE ACCURACY OR  DETERMINED  THE ADEQUACY OF THIS  DOCUMENT.  ANY
     REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

     AN  INVESTMENT  IN THESE  SECURITIES  INVOLVES A HIGH  DEGREE OF RISK.  THE
     INVESTOR MUST RELY ON ITS OWN ANALYSIS OF THE  INVESTMENT AND ASSESSMENT OF
     THE  RISKS  INVOLVED.  SEE THE  RISK  FACTORS  SET  FORTH  IN THE  ATTACHED
     DISCLOSURE DOCUMENTS AS EXHIBIT J.

     SEE ADDITIONAL LEGENDS AT SECTIONS 4.7.

          THIS AMENDED AND RESTATED  INVESTMENT  AGREEMENT (this  "Agreement" or
"Investment Agreement") is made as of the 2nd day of March, 2001, by and between
Dimensional  Visions  Incorporated,  a corporation  duly  organized and existing
under the laws of the State of Delaware  (the  "Company"),  and the  undersigned
Investor  executing  this  Agreement  ("Investor")  and amends and  restates the
Investment Agreement between the parties dated on or about December 22, 2000.

                                    RECITALS:

     WHEREAS,  the  parties  desire  that,  upon the  terms and  subject  to the
conditions  contained herein,  the Company shall issue to the Investor,  and the
Investor shall purchase from the Company,  from time to time as provided herein,
shares of the Company's  Common Stock, as part of an offering of Common Stock by
the  Company to  Investor,  for a maximum  aggregate  offering  amount of Twenty
Million Dollars ($20,000,000) (the "Maximum Offering Amount"); and

     WHEREAS,  the solicitation of this Investment Agreement and, if accepted by
the  Company,  the offer and sale of the Common Stock are being made in reliance

                                       1
<PAGE>
upon the provisions of Regulation D ("Regulation D") promulgated  under the Act,
Section 4(2) of the Act, and/or upon such other exemption from the  registration
requirements  of the Act as may be  available  with respect to any or all of the
purchases of Common Stock to be made hereunder.

                                     TERMS:

     NOW, THEREFORE, the parties hereto agree as follows:

     1. CERTAIN  DEFINITIONS.  As used in this Agreement (including the recitals
above),  the following terms shall have the following meanings (such meanings to
be  equally  applicable  to both the  singular  and  plural  forms of the  terms
defined):

     "20% Approval" shall have the meaning set forth in Section 5.25.

     "9.9% Limitation" shall have the meaning set forth in Section 2.3.1(f).

     "Accredited Investor" shall have the meaning set forth in Section 3.1.

     "Act" shall mean the Securities Act of 1933, as amended.

     "Advance Put Notice" shall have the meaning set forth in Section  2.3.1(a),
the form of which is attached hereto as EXHIBIT E.

     "Advance  Put  Notice  Confirmation"  shall have the  meaning  set forth in
Section 2.3.1(a), the form of which is attached hereto as EXHIBIT F.

     "Advance  Put  Notice  Date"  shall have the  meaning  set forth in Section
2.3.1(a).

     "Affiliate" shall have the meaning as set forth Section 6.4.

     "Aggregate  Issued Shares" equals the aggregate  number of shares of Common
Stock  issued  to  Investor  pursuant  to the  terms  of this  Agreement  or the
Registration  Rights  Agreement  as of a given  date,  including  Put Shares and
Warrant Shares.

     "Agreed Upon Procedures Report" shall have the meaning set forth in Section
2.5.3(b).

     "Agreement" shall mean this Investment Agreement.

     "Automatic Termination" shall have the meaning set forth in Section 2.3.2.

     "Bring  Down Cold  Comfort  Letters"  shall have the  meaning  set forth in
Section 2.3.7(b).

     "Business Day" shall mean any day during which the Principal Market is open
for trading.

     "Calendar Month" shall mean the period of time beginning on the numeric day
in question in a calendar month and for Calendar Months thereafter, beginning on
the earlier of (i) the same numeric day of the next  calendar  month or (ii) the
last day of the next calendar  month.  Each Calendar  Month shall end on the day
immediately preceding the beginning of the next succeeding Calendar Month.

                                       2
<PAGE>
     "Cap Amount" shall have the meaning set forth in Section 2.3.11.

     "Capital Raising  Limitations"  shall have the meaning set forth in Section
6.5.1.

     "Capitalization  Schedule"  shall  have the  meaning  set forth in  Section
3.2.4, attached hereto as EXHIBIT K.

     "Change in Control"  shall have the meaning set forth within the definition
of Major Transaction, below.

     "Closing" shall mean one of (i) the Investment  Commitment Closing and (ii)
each closing of a purchase and sale of Common Stock pursuant to Section 2.

     "Closing  Bid  Price"  means,  for any  security  as of any date,  the last
closing bid price for such security during Normal Trading on the O.T.C. Bulletin
Board, or, if the O.T.C. Bulletin Board is not the principal securities exchange
or trading  market for such  security,  the last closing bid price during Normal
Trading of such security on the principal  securities exchange or trading market
where such security is listed or traded as reported by such principal securities
exchange or trading market,  or if the foregoing do not apply,  the last closing
bid price during Normal Trading of such security in the over-the-counter  market
on the electronic bulletin board for such security,  or, if no closing bid price
is  reported  for such  security,  the  average  of the bid prices of any market
makers for such  security  as  reported  in the "pink  sheets"  by the  National
Quotation  Bureau,  Inc. If the Closing Bid Price cannot be calculated  for such
security on such date on any of the  foregoing  bases,  the Closing Bid Price of
such security on such date shall be the fair market value as mutually determined
by the  Company  and the  Investor  in this  Offering.  If the  Company  and the
Investor in this  Offering are unable to agree upon the fair market value of the
Common Stock, then such dispute shall be resolved by an investment  banking firm
mutually  acceptable  to the Company and the  Investor in this  offering and any
fees and costs associated therewith shall be paid by the Company.

     "Commitment  Evaluation Period" shall have the meaning set forth in Section
2.6.

     "Commitment Period" shall have the meaning set forth in Section 2.3.2(d).

     "Commitment  Warrants"  shall have the meaning set forth in Section  2.4.1,
the form of which is attached hereto as EXHIBIT U.

     "Common Shares" shall mean the shares of Common Stock of the Company.

     "Common Stock" shall mean the common stock of the Company.

     "Company" shall mean Dimensional Visions  Incorporated,  a corporation duly
organized and existing under the laws of the State of Delaware.

                                       3
<PAGE>
     "Company  Designated  Maximum Put Dollar Amount" shall have the meaning set
forth in Section 2.3.1(a).

     "Company  Designated  Minimum Put Share  Price"  shall have the meaning set
forth in Section 2.3.1(a).

     "Company Termination" shall have the meaning set forth in Section 2.3.12.

     "Conditions to Investment Commitment Closing" shall have the meaning as set
forth in Section 2.2.2.

     "Delisting  Event"  shall mean any time during the term of this  Investment
Agreement,  that the  Company's  Common  Stock is not  listed  for and  actively
trading on the O.T.C.  Bulletin Board,  the Nasdaq Small Cap Market,  the Nasdaq
National Market, the American Stock Exchange,  or the New York Stock Exchange or
is  suspended  or delisted  with  respect to the trading of the shares of Common
Stock on such market or exchange.

     "Disclosure  Documents"  shall  have the  meaning  as set forth in  Section
3.2.4.

     "Due Diligence Review" shall have the meaning as set forth in Section 2.5.

     "DWAC Put  Shares"  shall mean Put  Shares,  in  electronic  form,  without
restriction on resale,  that are delivered to the Depository  Trust Company DWAC
account specified by the Investor for the Put Shares.

     "Effective Date" shall have the meaning set forth in Section 2.3.1.

     "Equity Securities" shall have the meaning set forth in Section 6.5.1.

     "Evaluation Day" shall have the meaning set forth in Section 2.3.1(b).

     "Exchange Act" shall mean the Securities Exchange Act of 1934, as amended.

     "Excluded Day" shall have the meaning set forth in Section 2.3.1(b).

     "Extended Put Period" shall mean the period of time between the Advance Put
Notice Date until the Pricing Period End Date.

     "Impermissible  Put  Cancellation"  shall  have the  meaning  set  forth in
Section 2.3.1(e).

     "Indemnified Liabilities" shall have the meaning set forth in Section 9.

     "Indemnities" shall have the meaning set forth in Section 9.

     "Indemnitor" shall have the meaning set forth in Section 9.

     "Individual  Put Limit"  shall have the meaning set forth in Section  2.3.1
(b).

                                       4
<PAGE>
     "Ineffective Period" shall have the meaning given to it in the Registration
Rights Agreement.

     "Ineffective  Registration  Payment"  shall have the meaning given to it in
the Registration Rights Agreement.

     "Intended  Put Share  Amount"  shall have the  meaning set forth in Section
2.3.1(a).

     "Investment Commitment Closing" shall have the meaning set forth in Section
2.2.1.

     "Investment Agreement" shall mean this Investment Agreement.

     "Investment  Commitment  Opinion of  Counsel"  shall  mean an opinion  from
Company's independent counsel,  substantially in the form attached as EXHIBIT B,
or  such  other  form  as  agreed  upon  by the  parties,  as to the  Investment
Commitment Closing.

     "Investment Date" shall mean the date of the Investment Commitment Closing.

     "Investor" shall have the meaning set forth in the preamble hereto.

     "Key  Employee"  shall have the meaning set forth in Section  5.17,  as set
forth in EXHIBIT N.

     "Late Payment Amount" shall have the meaning set forth in Section 2.3.9.

     "Legend" shall have the meaning set forth in Section 4.7.

     "Major Transaction" shall mean and shall be deemed to have occurred at such
time upon any of the following events:

          (i) a consolidation,  merger or other business combination or event or
transaction  following  which  the  holders  of  Common  Stock  of  the  Company
immediately  preceding such consolidation,  merger,  combination or event either
(i) no longer  hold a majority  of the shares of Common  Stock of the Company or
(ii) no longer have the ability to elect the board of  directors  of the Company
(a "Change of Control");

          (ii) the sale or transfer of a portion of in excess of $500,000  worth
of the Company's assets, not in the ordinary course of business;

          (iii)  the  purchase  of  assets  by the  Company  totaling  more than
$500,000 in value, not in the ordinary course of business; or

          (iv) a  purchase,  tender or  exchange  offer  made to the  holders of
outstanding shares of Common Stock such that following such purchase,  tender or
exchange offer, a change in control shall have occurred.

     "Market  Price"  shall  equal the lowest  Closing  Bid Price for the Common
Stock on the Principal Market during the Pricing Period for the applicable Put.

                                       5
<PAGE>
     "Material Facts" shall have the meaning set forth in Section 2.3.7(a).

     "Maximum  Put  Dollar  Amount"  shall  mean the  lesser of (i) the  Company
Designated  Maximum Put Dollar Amount, if any, specified by the Company in a Put
Notice, and (ii) $2 million.

     "Maximum  Offering  Amount"  shall mean have the  meaning  set forth in the
recitals hereto.

     "NASD" shall have the meaning set forth in Section 6.9.

     "Nasdaq 20% Rule" shall have the meaning set forth in Section 2.3.11.

     "Non-Usage Fee" shall have the meaning set forth in Section 2.6.

     "Normal  Trading"  shall mean trading that occurs  between 9:30 AM and 4:00
PM, New York City Time, on any Business Day, and shall expressly  exclude "after
hours" trading.

     "Numeric Day" shall mean the  numerical day of the month of the  Investment
Date or the last day of the calendar month in question, whichever is less.

     "NYSE" shall have the meaning set forth in Section 6.9.

     "Offering"  shall mean the Company's  offering of Common Stock and Warrants
issued under this Investment Agreement.

     "Officer's  Certificate" shall mean a certificate,  signed by an officer of
the  Company,  to the effect  that the  representations  and  warranties  of the
Company in this  Agreement  required to be true for the  applicable  Closing are
true  and  correct  in all  material  respects  and  all of the  conditions  and
limitations  set  forth  in  this  Agreement  for  the  applicable  Closing  are
satisfied.

     "Opinion of Counsel" shall mean, as applicable,  the Investment  Commitment
Opinion of Counsel, the Put Opinion of Counsel, and the Registration Opinion.

     "Payment Due Date" shall have the meaning set forth in Section 2.3.9.

     "Pricing Period" shall mean, unless otherwise  shortened under the terms of
this Agreement,  the period beginning on the Business Day immediately  following
the Put Date and  ending on and  including  the date which is 20  Business  Days
after such Put Date.

     "Pricing  Period End Date" shall mean the last  Business Day of any Pricing
Period.

     "Principal  Market" shall mean the O.T.C.  Bulletin Board, the Nasdaq Small
Cap Market,  the Nasdaq National Market,  the American Stock Exchange or the New
York Stock Exchange,  whichever is at the time the principal trading exchange or
market for the Common Stock.

     "Proceeding" shall have the meaning as set forth Section 5.1.

                                       6
<PAGE>
     "Purchase" shall have the meaning set forth in Section 2.3.8.

     "Put" shall have the meaning set forth in Section 2.3.1(d).

     "Put Closing" shall have the meaning set forth in Section 2.3.9.

     "Put Closing Date" shall have the meaning set forth in Section 2.3.9.

     "Put Date" shall mean the date that is  specified by the Company in any Put
Notice for which the  Company  intends to  exercise a Put under  Section  2.3.1,
unless the Put Date is postponed pursuant to the terms hereof, in which case the
"Put Date" is such postponed date.

     "Put Dollar Amount" shall be determined by multiplying the Put Share Amount
by the respective  Put Share Prices with respect to such Put Shares,  subject to
the limitations herein.

     "Put Interruption Date" shall have the meaning set forth in Section 2.3.4.

     "Put Interruption Event" shall have the meaning set forth in Section 2.3.4.

     "Put  Interruption  Notice"  shall  have the  meaning  set forth in Section
2.3.4.

     "Put Notice" shall have the meaning set forth in Section 2.3.1(d), the form
of which is attached hereto as EXHIBIT G.

     "Put  Notice  Confirmation"  shall  have the  meaning  set forth in Section
2.3.1(d), the form of which is attached hereto as EXHIBIT H.

     "Put Opinion of Counsel" shall mean an opinion from  Company's  independent
counsel, in the form attached as EXHIBIT I, or such other form as agreed upon by
the parties, as to any Put Closing.

     "Put Share Amount" shall have the meaning as set forth Section 2.3.1(b).

     "Put Share Price" shall have the meaning set forth in Section 2.3.1(c).

     "Put Shares"  shall mean shares of Common  Stock that are  purchased by the
Investor pursuant to a Put.

     "Registrable  Securities"  shall  have  the  meaning  as set  forth  in the
Registration Rights Agreement.

     "Registration  Opinion"  shall  have  the  meaning  set  forth  in  Section
2.3.7(a), the form of which is attached hereto as EXHIBIT R.

     "Registration Opinion Deadline" shall have the meaning set forth in Section
2.3.7(a).

                                       7
<PAGE>
     "Registration Rights Agreement" shall mean that certain registration rights
agreement entered into by the Company and Investor on even date herewith, in the
form  attached  hereto as EXHIBIT  A, or such  other form as agreed  upon by the
parties.

     "Registration  Statement"  shall  have  the  meaning  as set  forth  in the
Registration Rights Agreement.

     "Regulation D" shall have the meaning set forth in the recitals hereto.

     "Reporting Issuer" shall have the meaning set forth in Section 6.2.

     "Restrictive Legend" shall have the meaning set forth in Section 4.7.

     "Required Put Documents" shall have the meaning set forth in Section 2.3.6.

     "Right of First Refusal" shall have the meaning set forth in Section 6.5.2.

     "Risk Factors" shall have the meaning set forth in Section 3.2.4,  attached
hereto as EXHIBIT J.

     "Schedule of Exceptions" shall have the meaning set forth in Section 5, and
is attached hereto as Exhibit C.

     "SEC" shall mean the Securities and Exchange Commission.

     "Securities" shall mean this Investment Agreement, together with the Common
Stock of the Company,  the Warrants and the Warrant Shares issuable  pursuant to
this Investment Agreement.

     "Share Authorization Increase Approval" shall have the meaning set forth in
Section 5.25.

     "Stockholder  20%  Approval"  shall have the  meaning  set forth in Section
6.11.

     "Supplemental  Registration  Statement" shall have the meaning set forth in
the Registration Rights Agreement.

     "Term"  shall mean the term of this  Agreement,  which shall be a period of
time beginning on the date of this Agreement and ending on the Termination Date.

     "Termination Date" shall mean the earlier of (i) the date that is three (3)
years after the  Effective  Date,  or (ii) the date that is thirty (30) Business
Days  after  the  later  of (a) the Put  Closing  Date on  which  the sum of the
aggregate Put Share Price for all Put Shares equal the Maximum  Offering Amount,
(b) the date  that  the  Company  has  delivered  a  Termination  Notice  to the
Investor, (c) the date of an Automatic Termination, and (d) the date that all of
the Warrants have been exercised.

     "Termination Fee" shall have the meaning as set forth in Section 2.6.

                                       8
<PAGE>
     "Termination Notice" shall have the meaning as set forth in Section 2.3.12.

     "Third Party Report" shall have the meaning set forth in Section 3.2.4.

     "Trading  Volume " shall mean the volume of shares of the Company's  Common
Stock  that  trade  between  9:30 AM and 4:00 PM,  New York  City  Time,  on any
Business  Day, and shall  expressly  exclude any shares  trading  during  "after
hours" trading.

     "Transaction Documents" shall have the meaning set forth in Section 9.

     "Transfer Agent" shall have the meaning set forth in Section 6.10.

     "Transfer Agent Instructions" shall mean the Company's  instructions to its
transfer agent,  substantially  in the form attached as EXHIBIT T, or such other
form as agreed upon by the parties.

     "Trigger Price" shall have the meaning set forth in Section 2.3.1(b).

     "Unlegended  Share  Certificates"  shall mean a certificate or certificates
(or  electronically  delivered  shares,  as appropriate)  (in  denominations  as
instructed  by  Investor)  representing  the shares of Common Stock to which the
Investor is then entitled to receive,  registered in the name of Investor or its
nominee (as instructed by Investor) and not  containing a restrictive  legend or
stop  transfer  order,  including  but not  limited  to the Put  Shares  for the
applicable Put and Warrant Shares.

     "Use of Proceeds  Schedule"  shall have the meaning as set forth in Section
3.2.4, attached hereto as EXHIBIT L.

     "Volume Limitations" shall have the meaning set forth in Section 2.3.1(b).

     "Warrant   Antidilution   Agreement"   shall  mean  that  certain   Warrant
Antidilution  Agreement  entered  into by the Company and  Investor on even date
herewith, in the form attached hereto as EXHIBIT O, or such other form as agreed
upon by the parties.

     "Warrant  Shares"  shall  mean the Common  Stock  issued or  issuable  upon
exercise of the Warrants.

     "Warrants" shall mean, the Commitment Warrants.

     2. PURCHASE AND SALE OF COMMON STOCK.

          2.1 OFFER TO SUBSCRIBE.

          Subject to the terms and conditions herein and the satisfaction of the
conditions to closing set forth in Sections 2.2 and 2.3 below,  Investor  hereby
agrees to purchase  such amounts of Common Stock as the Company may, in its sole
and absolute  discretion,  from time to time elect to issue and sell to Investor
according to one or more Puts pursuant to Section 2.3 below.

                                       9
<PAGE>
          2.2 INVESTMENT COMMITMENT.

               2.2.1  INVESTMENT   COMMITMENT  CLOSING.   The  closing  of  this
Agreement (the  "Investment  Commitment  Closing") shall be deemed to occur when
this Agreement,  the Registration  Rights Agreement,  the Commitment Warrant and
the Warrant Antidilution  Agreement have been duly executed by both Investor and
the Company, the Transfer Agent Instructions have been duly executed by both the
Company and the  Transfer  Agent,  and the other  Conditions  to the  Investment
Commitment Closing set forth in Section 2.2.2 below have been met.

               2.2.2  CONDITIONS  TO  INVESTMENT   COMMITMENT   CLOSING.   As  a
prerequisite  to the Investment  Commitment  Closing,  all of the following (the
"Conditions to Investment  Commitment  Closing") shall have been satisfied prior
to or concurrently with the Company's execution and delivery of this Agreement:

               (a)  the  following  documents  shall have been  delivered to the
                    Investor: (i) the Registration Rights Agreement (executed by
                    the  Company and  Investor),  (ii) the  Commitment  Warrant,
                    (iii) the Investment  Commitment  Opinion of Counsel (signed
                    by the  Company's  counsel),  (iv) the Warrant  Antidilution
                    Agreement  (executed by the Company and  Investor),  (v) the
                    Transfer Agent Instructions (executed by the Company and the
                    Transfer  Agent),  and (vi) a Secretary's  Certificate as to
                    (A) the  resolutions  of the  Company's  board of  directors
                    authorizing this transaction,  (B) the Company's Certificate
                    of Incorporation, and (C) the Company's Bylaws;

               (b)  this Investment  Agreement,  accepted by the Company,  shall
                    have been received by the Investor;

               (c)  the  Company's  Common Stock shall be listed for trading and
                    actually  trading on the O.T.C.  Bulletin Board,  the Nasdaq
                    Small Cap Market,  the Nasdaq National Market,  the American
                    Stock Exchange or the New York Stock Exchange;

               (d)  other than continuing  losses  described in the Risk Factors
                    set  forth  in the  Disclosure  Documents  (provided  for in
                    Section 3.2.4), up through the Investment Commitment Closing
                    there have been no material adverse changes in the Company's
                    business prospects or financial  condition since the date of
                    the last balance sheet included in the Disclosure Documents,
                    including but not limited to incurring material liabilities;
                    and

               (e)  the  representations  and  warranties of the Company in this
                    Agreement shall be true and correct in all material respects
                    and the  Conditions  to  Investment  Commitment  Closing set
                    forth in this Section 2.2.2 shall have been satisfied on the
                    date of such Investment  Commitment Closing; and the Company
                    shall deliver an Officer's Certificate, signed by an officer
                    of the Company, to such effect to the Investor.

                                       10
<PAGE>
          2.3 PUTS OF COMMON SHARES TO THE INVESTOR.

               2.3.1 PROCEDURE TO EXERCISE A PUT.  Subject to the Individual Put
Limit, the Maximum  Offering Amount and the Cap Amount (if applicable),  and the
other  conditions  and  limitations  set  forth in this  Agreement,  at any time
beginning on the date on which the Registration  Statement is declared effective
by the SEC (the  "Effective  Date"),  the Company  may, in its sole and absolute
discretion,  elect to  exercise  one or more  Puts  according  to the  following
procedure, provided that each subsequent Put Date after the first Put Date shall
be no sooner than five (5) Business Days following the preceding  Pricing Period
End Date:

                    (a)  DELIVERY  OF  ADVANCE  PUT  NOTICE.At  least  ten  (10)
Business  Days but not more than twenty (20) Business Days prior to any intended
Put Date,  the Company shall deliver  advance  written  notice (the "Advance Put
Notice,"  the form of which is  attached  hereto as  EXHIBIT E, the date of such
Advance Put Notice being the "Advance Put Notice Date") to Investor  stating the
Put  Date  for  which  the  Company  shall,   subject  to  the  limitations  and
restrictions  contained herein,  exercise a Put and stating the number of shares
of Common Stock  (subject to the Individual Put Limit and the Maximum Put Dollar
Amount)  which the  Company  intends  to sell to the  Investor  for the Put (the
"Intended Put Share Amount").

     The Company  may, at its option,  also  designate in any Advance Put Notice
(i) a maximum dollar amount of Common Stock, not to exceed $2,000,000,  which it
shall sell to  Investor  during the Put (the  "Company  Designated  Maximum  Put
Dollar Amount") and/or (ii) a minimum  purchase price per Put Share at which the
Investor  may  purchase  shares of Common  Stock  pursuant to such Put Notice (a
"Company  Designated  Minimum Put Share Price").  The Company Designated Minimum
Put Share Price,  if applicable,  shall be no greater than the lesser of (i) 80%
of the Closing  Bid Price of the  Company's  common  stock on the  Business  Day
immediately preceding the Advance Put Notice Date, or (ii) the Closing Bid Price
of the  Company's  common stock on the Business Day  immediately  preceding  the
Advance  Put  Notice  Date minus  $0.125.  The  Company  may  decrease  (but not
increase) the Company  Designated  Minimum Put Share Price for a Put at any time
by giving the  Investor  written  notice of such  decrease  not later than 12:00
Noon, New York City time, on the Business Day immediately preceding the Business
Day that such decrease is to take effect.  A decrease in the Company  Designated
Minimum Put Share Price shall have no retroactive effect on the determination of
Trigger  Prices and Excluded Days for days  preceding the Business Day that such
decrease takes effect, provided that the Put Share Price for all shares in a Put
shall be calculated using the lowest Company Designated Minimum Put Share Price,
as decreased.

     Notwithstanding  the above,  if, at the time of  delivery of an Advance Put
Notice,  more than two (2)  Calendar  Months have  passed  since the date of the
previous Put Closing, such Advance Put Notice shall provide at least twenty (20)
Business  Days notice of the intended Put Date,  unless waived in writing by the
Investor.  In order to effect  delivery of the  Advance Put Notice,  the Company
shall (i) send the  Advance  Put Notice by  facsimile  on such date so that such
notice is received by the  Investor by 6:00 p.m.,  New York,  NY time,  and (ii)
surrender  such notice on such date to a courier for  overnight  delivery to the
Investor (or two (2) day delivery in the case of an Investor residing outside of
the U.S.).  Upon receipt by the Investor of a facsimile  copy of the Advance Put
Notice, the Investor shall, within two (2) Business Days, send, via facsimile, a
confirmation  of receipt  (the  "Advance Put Notice  Confirmation,"  the form of
which is attached  hereto as EXHIBIT F) of the Advance Put Notice to the Company
specifying  that the  Advance Put Notice has been  received  and  affirming  the
intended Put Date and the Intended Put Share Amount.

                                       11
<PAGE>
                    (b) PUT SHARE  AMOUNT.  The "Put Share Amount" is the number
of shares of Common Stock that the Investor  shall be obligated to purchase in a
given Put, and shall equal the lesser of (i) the Intended Put Share Amount,  and
(ii) the Individual Put Limit. The "Individual Put Limit" shall equal the lesser
of (A)  1,500,000  shares,  (B) 15% of the sum of the aggregate  daily  reported
Trading  Volumes in the  outstanding  Common  Stock on the  Company's  Principal
Market, excluding any block trades of 20,000 or more shares of Common Stock, for
all Evaluation Days (as defined below) in the Pricing Period,  (C) the number of
Put Shares which,  when multiplied by their respective Put Share Prices,  equals
the  Maximum Put Dollar  Amount,  and (D) the 9.9%  Limitation,  but in no event
shall the  Individual  Put Limit  exceed 15% of the sum of the  aggregate  daily
reported  Trading  Volumes  in the  outstanding  Common  Stock on the  Company's
Principal Market,  excluding any block trades of 20,000 or more shares of Common
Stock, for the twenty (20) Business Days  immediately  preceding the Advance Put
Notice Date (this  limitation,  together with the limitation in (B)  immediately
above are collectively referred to herein as the "Volume Limitations").  Company
agrees not to trade  Common  Stock or arrange for Common  Stock to be traded for
the purpose of artificially increasing the Volume Limitations.

     For purposes of this Agreement:

          "Trigger  Price" for any Pricing  Period shall mean the greater of (i)
the Company  Designated Minimum Put Share Price, plus $.075, or (ii) the Company
Designated Minimum Put Share Price divided by .91.

          An "Excluded Day" shall mean each Business Day during a Pricing Period
where the lowest  intra-day  trading  price of the Common Stock is less than the
Trigger  Price and each  Business  Day defined in Section  2.3.4 as an "Excluded
Day".

          An  "Evaluation  Day"  shall mean each  Business  Day during a Pricing
Period that is not an Excluded Day.

                    (c) PUT SHARE PRICE.  The purchase  price for the Put Shares
(the "Put Share  Price") shall equal the lesser of (i) the Market Price for such
Put, minus $.075,  or (ii) 91% of the Market Price for such Put, but shall in no
event be less than the Company  Designated Minimum Put Share Price for such Put,
if applicable.

                    (d) DELIVERY OF PUT NOTICE. After delivery of an Advance Put
Notice,  on the Put Date  specified in the Advance Put Notice the Company  shall
deliver  written notice (the "Put Notice," the form of which is attached  hereto
as EXHIBIT G) to Investor  stating (i) the Put Date, (ii) the Intended Put Share
Amount as specified in the Advance Put Notice (such exercise a "Put"), (iii) the
Company  Designated  Maximum  Put Dollar  Amount (if  applicable),  and (iv) the
Company Designated  Minimum Put Share Price (if applicable).  In order to effect
delivery  of the Put  Notice,  the  Company  shall  (i) send the Put  Notice  by
facsimile  on the Put Date so that such notice is  received  by the  Investor by
6:00 p.m.,  New York, NY time, and (ii) surrender such notice on the Put Date to
a courier for overnight delivery to the Investor (or two (2) day delivery in the
case of an Investor  residing outside of the U.S.). Upon receipt by the Investor
of a  facsimile  copy of the Put  Notice,  the  Investor  shall,  within two (2)
Business  Days, send,  via facsimile, a confirmation of receipt (the "Put Notice

                                       12
<PAGE>
Confirmation,"  the form of which is  attached  hereto as  EXHIBIT H) of the Put
Notice to Company specifying that the Put Notice has been received and affirming
the Put Date and the Intended Put Share Amount.

                    (e) DELIVERY OF REQUIRED PUT DOCUMENTS. On or before the Put
Date for such Put, the Company  shall  deliver the Required  Put  Documents  (as
defined in Section 2.3.6 below) to the Investor (or to an agent of Investor,  if
Investor so directs).  Unless otherwise  specifically requested by the Investor,
the Put Shares shall be  transmitted  electronically  pursuant to the Depository
Trust  Company  DWAC  system or such  other  electronic  delivery  system as the
Investor shall request. If the Company has not delivered all of the Required Put
Documents  to the  Investor  on or  before  the  Put  Date,  the  Put  shall  be
automatically  cancelled (an  "Impermissible  Put Cancellation") and the Company
shall pay the Investor $5,000 for its reasonable due diligence expenses incurred
in  preparation  for the canceled Put and the Company may deliver an Advance Put
Notice for the  subsequent  Put no sooner than ten (10)  Business Days after the
date that such Put was canceled. Also, in the event of a Put Interruption Notice
that occurs prior to the Put Date, the Company shall pay the Investor $5,000 for
its  reasonable  due  diligence   expenses   incurred  in  preparation  for  the
interrupted Put.

                    (f) Limitation on Investor's  Obligation to Purchase Shares.
Notwithstanding  anything to the contrary in this  Agreement,  in no event shall
the Investor be required to  purchase,  and an Intended Put Share Amount may not
include,  an amount of Put Shares,  which when added to the number of Put Shares
acquired by the Investor pursuant to this Agreement during the 61 days preceding
the Put Date with respect to which this  determination of the permitted Intended
Put Share  Amount is being  made,  would  exceed 9.9% of the number of shares of
Common Stock outstanding (on a fully diluted basis, to the extent that inclusion
of unissued  shares is mandated by Section 13(d) of the Exchange Act) on the Put
Date for such Pricing Period,  as determined in accordance with Section 13(d) of
the Exchange Act (the "Section 13(d) Outstanding Share Amount"). Each Put Notice
shall  include  a  representation  of  the  Company  as  to  the  Section  13(d)
Outstanding  Share Amount on the related Put Date. In the event that the Section
13(d)  Outstanding Share Amount is different on any date during a Pricing Period
than on the Put Date  associated  with such Pricing  Period,  then the number of
shares of Common Stock outstanding on such date during such Pricing Period shall
govern for purposes of determining  whether the Investor,  when  aggregating all
purchases  of Shares made  pursuant to this  Agreement  in the 61 calendar  days
preceding  such date,  would have  acquired  more than 9.9% of the Section 13(d)
Outstanding  Share Amount.  The limitation set forth in this Section 2.3.1(f) is
referred to as the "9.9% Limitation."

               2.3.2  TERMINATION  OF  RIGHT  TO PUT.  The  Company's  right  to
initiate  subsequent Puts to the Investor shall terminate  permanently (each, an
"Automatic Termination") upon the occurrence of any of the following:

                    (a) if, at any time,  either the Company or any  director or
executive officer of the Company has engaged in a transaction or conduct related
to the Company  that has resulted in (i) a  Securities  and Exchange  Commission
enforcement action, or (ii) a civil judgment or criminal conviction for fraud or
misrepresentation,  or for any other offense  that,  if  prosecuted  criminally,
would constitute a felony under applicable law;

                                       13
<PAGE>
                    (b) on any date after a cumulative  time period or series of
time periods,  consisting only of Ineffective Periods and Delisting Events, that
lasts for an aggregate of four (4) months;

                    (c) if at any time the  Company  has  filed  for  and/or  is
subject to any bankruptcy, insolvency, reorganization or liquidation proceedings
or other  proceedings  for relief  under any  bankruptcy  law or any law for the
relief of debtors  instituted by or against the Company or any subsidiary of the
Company;

                    (d) after the sooner of (i) the date that is three (3) years
after the Effective Date, or (ii) the Put Closing Date on which the aggregate of
the Put Dollar  Amounts  for all Puts equal the  Maximum  Offering  Amount  (the
"Commitment Period");

                    (e) the Company has  breached  any covenant in Section 6- or
Section 9 hereof; or

                    (f) if no Registration Statement has been declared effective
by the date that is one (1) year after the date of this Agreement, the Automatic
Termination  shall occur on the date that is one (1) year after the date of this
Agreement.

               2.3.3  MAXIMUM  OFFERING  AMOUNT.   The  Investor  shall  not  be
obligated to purchase any  additional  Put Shares once the  aggregate Put Dollar
Amount paid by Investor equals the Maximum Offering Amount.

               2.3.4 PUT INTERRUPTION.  Once the Company delivers an Advance Put
Notice to the  Investor,  the  Company may not cancel the Put. In the event of a
"Put  Interruption  Event" (as defined  below),  in each case during any Pricing
Period,  then (A) the  Company  shall  notify  the  Investor  in writing (a "Put
Interruption  Notice") as soon as possible by facsimile and  overnight  courier,
but no later than the end of the Business Day in which the Company becomes aware
of such  facts,  (B) the Pricing  Period  shall be  extended  or  shortened,  as
applicable,  such that the Pricing Period End Date is the tenth (10th)  Business
Day after the date of such Put  Interruption  Notice from the Company  (the "Put
Interruption   Date"),  (C)  each  Business  Day  from  and  including  the  Put
Interruption  Date  through and  including  the Pricing  Period End Date for the
applicable Put (as extended or shortened, if applicable), shall be considered to
be an  "Excluded  Day,"  as that  term is  used in this  Agreement,  and (D) the
Company  Designated  Minimum  Put Share  Price,  if any,  shall not apply to the
affected Put. In the event that a Put Interruption Event occurs after an Advance
Put Notice Date, but before the applicable Put Date, that Put shall be deemed to
be  terminated,  and the Company may deliver an Advance Put Notice for a new Put
anytime beginning on the following Business Day, if otherwise allowed under this
Agreement.  A "Put Interruption  Event" shall mean any of the following:  (i) an
Automatic Termination, (ii) the failure of one of the items specified in Section
2.3.5 below to be true and correct on any day during an Extended Pricing Period,
or (iii) the occurrence of one of the following events:

                    (a) the Company has announced a subdivision or  combination,
including a reverse split, of its Common Stock or has subdivided or combined its
Common Stock;

                                       14
<PAGE>
                    (b) the Company  has paid a dividend of its Common  Stock or
has made any other distribution of its Common Stock;

                    (c)  the  Company  has  made  a  distribution  of all or any
portion of its assets or evidences of  indebtedness to the holders of its Common
Stock;

                    (d) a Major Transaction has occurred; or

                    (e) the Company discovers the existence of Material Facts or
any Ineffective Period or Delisting Event occurs.

               2.3.5 CONDITIONS PRECEDENT TO THE RIGHT OF THE COMPANY TO DELIVER
AN ADVANCE  PUT NOTICE OR A PUT  NOTICE.  The right of the Company to deliver an
Advance Put Notice or a Put Notice is subject to the  satisfaction,  on the date
of delivery of such Advance Put Notice or Put Notice,  of each of the  following
conditions:

                    (a)  the  Company's  Common  Stock  shall be listed  for and
                         actively  trading on the  O.T.C.  Bulletin  Board,  the
                         Nasdaq Small Cap Market,  the Nasdaq National Market or
                         the New York Stock Exchange and the Put Shares shall be
                         so listed,  and to the Company's  knowledge there is no
                         notice of any  suspension or delisting  with respect to
                         the  trading  of the  shares  of  Common  Stock on such
                         market or exchange;

                    (b)  the   Company   shall  have   satisfied   any  and  all
                         obligations   pursuant  to  the   Registration   Rights
                         Agreement, including, but not limited to, the filing of
                         the Registration Statement with the SEC with respect to
                         the  resale  of  all  Registrable  Securities  and  the
                         requirement that the Registration  Statement shall have
                         been  declared  effective  by the SEC for the resale of
                         all  Registrable  Securities and the Company shall have
                         satisfied and shall be in  compliance  with any and all
                         obligations   pursuant  to  this   Agreement   and  the
                         Warrants;

                    (c)  the  representations  and  warranties of the Company in
                         Sections 5.1, 5.3, 5.4,  5.5, 5.6,  5.10,  5.13,  5.14,
                         5.15,  5.16, 5.18, 5.19, 5.21, and 5.25 hereof are true
                         and correct in all material respects as if made on such
                         date, the Company has satisfied its  obligations  under
                         Section  2.6 hereof and the  conditions  to  Investor's
                         obligations   set  forth  in  this  Section  2.3.5  are
                         satisfied  as of such  Closing,  and the Company  shall
                         deliver  a  certificate,  signed by an  officer  of the
                         Company,  to  such  effect  to the  Investor;  (d)  the
                         Company  shall have  reserved for issuance a sufficient
                         number of Common Shares for the purpose of enabling the
                         Company  to  satisfy  any  obligation  to issue  Common
                         Shares  pursuant  to any Put and to effect  exercise of
                         the Warrants;

                    (e)  the  Registration   Statement  is  not  subject  to  an
                         Ineffective  Period  as  defined  in  the  Registration
                         Rights  Agreement,  the prospectus  included therein is
                         current and deliverable, and to the Company's knowledge
                         there is no  notice  of any  investigation  or  inquiry
                         concerning   any  stop  order   with   respect  to  the
                         Registration Statement;

                                       15
<PAGE>
                    (f)  if the Aggregate Issued Shares after the Closing of the
                         Put would exceed the Cap Amount, the Company shall have
                         obtained the  Stockholder  20% Approval as specified in
                         Section 6.11,  if the Company's  Common Stock is listed
                         on the NASDAQ  Small Cap Market or the NASDAQ  National
                         Market  System  (the  "NMS"),   and  such  approval  is
                         required by the rules of the NASDAQ;

                    (g)  the Company  shall have no knowledge of any event that,
                         in the  Company's  opinion,  is more likely than not to
                         have the effect of causing any  Registration  Statement
                         to be suspended or otherwise  ineffective  (which event
                         is more  likely  than not to occur  within  the  thirty
                         Business Days  following the date on which such Advance
                         Put Notice and Put Notice is deemed delivered);

                    (h)  there is not then in effect any law, rule or regulation
                         prohibiting    or    restricting    the    transactions
                         contemplated   hereby,  or  requiring  any  consent  or
                         approval  which  shall not have been  obtained,  nor is
                         there  any   pending  or   threatened   proceeding   or
                         investigation  which may have the effect of prohibiting
                         or  adversely   affecting   any  of  the   transactions
                         contemplated by this Agreement;

                    (i)  no statute, rule, regulation,  executive order, decree,
                         ruling or injunction shall have been enacted,  entered,
                         promulgated  or  adopted  by any court or  governmental
                         authority of competent  jurisdiction that prohibits the
                         transactions  contemplated  by this  Agreement,  and no
                         actions,  suits or  proceedings  shall be in  progress,
                         pending or  threatened  by any person  (other  than the
                         Investor or any affiliate of the  Investor),  that seek
                         to enjoin or prohibit the transactions  contemplated by
                         this Agreement.  For purposes of this paragraph (i), no
                         proceeding shall be deemed pending or threatened unless
                         one  of  the  parties  has  received  written  or  oral
                         notification  thereof prior to the  applicable  Closing
                         Date;

                    (j)  the  Put  Shares  delivered  to the  Investor  are  DTC
                         eligible  and  can  be   immediately   converted   into
                         electronic form; and

                    (k)  the  Company   shall  have  obtained  all  permits  and
                         qualifications   (if  any)   required   by  any   state
                         securities laws or Blue Sky laws for the offer and sale
                         of the Common Stock to the Investor and by the Investor
                         or shall have the availability of exemptions therefrom.

               2.3.6  DOCUMENTS  REQUIRED  TO BE  DELIVERED  ON THE PUT  DATE AS
CONDITIONS  TO  CLOSING  OF ANY  PUT.  The  Closing  of any Put  and  Investor's
obligations hereunder shall additionally be conditioned upon the delivery to the
Investor of each of the following  (the  "Required Put  Documents") on or before
the applicable Put Date:

                                       16
<PAGE>
                    (a) a number of DWAC Put Shares  equal to the  Intended  Put
Share Amount  shall have been  delivered to the  Depository  Trust  Company DWAC
account  specified by the  Investor for the Put Shares  (unless the Investor has
requested  physical stock  certificates,  in writing,  in which case the Company
shall have  delivered  to the  Investor a number of  physical  Unlegended  Share
Certificates  equal to the Intended Put Share Amount,  in  denominations  of not
more than 50,000 shares per certificate);

                    (b)  the  following  documents:   Put  Opinion  of  Counsel,
Officer's  Certificate,  Put  Notice,  Registration  Opinion,  and any report or
disclosure required under Section 2.3.7 or Section 2.5; and

                    (c) all documents,  instruments and other writings  required
to be  delivered  on or before the Put Date  pursuant to any  provision  of this
Agreement in order to implement and effect the transactions contemplated herein.

               2.3.7 ACCOUNTANT'S LETTER AND REGISTRATION OPINION.

                    (a) The  Company  shall have caused to be  delivered  to the
Investor,  (i) whenever  required by Section  2.3.7(b) or by Section 2.5.3,  and
(ii) on the date that is three  (3)  Business  Days  prior to each Put Date (the
"Registration  Opinion  Deadline"),  an  opinion  of the  Company's  independent
counsel,  in substantially the form of EXHIBIT R (the  "Registration  Opinion"),
addressed to the Investor stating,  inter alia, that no facts ("Material Facts")
have come to such  counsel's  attention  that have caused it to believe that the
Registration  Statement is subject to an  Ineffective  Period or to believe that
the Registration Statement, any Supplemental Registration Statement (as each may
be amended,  if  applicable),  and any related  prospectuses,  contain an untrue
statement  of  material  fact or  omits a  material  fact  required  to make the
statements  contained  therein,  in light of the circumstances  under which they
were made, not misleading.  If a Registration Opinion cannot be delivered by the
Company's  independent  counsel  to the  Investor  on the  Registration  Opinion
Deadline due to the existence of Material  Facts or an Ineffective  Period,  the
Company  shall  promptly  notify the Investor and as promptly as possible  amend
each of the Registration Statement and any Supplemental Registration Statements,
as applicable,  and any related  prospectus or cause such Ineffective  Period to
terminate, as the case may be, and deliver such Registration Opinion and updated
prospectus  as soon as  possible  thereafter.  If at any time after a Put Notice
shall have been delivered to Investor but before the related  Pricing Period End
Date, the Company  acquires  knowledge of such Material Facts or any Ineffective
Period occurs,  the Company shall promptly notify the Investor and shall deliver
a Put Interruption Notice to the Investor pursuant to Section 2.3.4 by facsimile
and overnight courier by the end of that Business Day.

                    (b) (i) the Company shall engage its independent auditors to
perform the  procedures  in  accordance  with the  provisions  of  Statement  on
Auditing  Standards No. 71, as amended,  as agreed to by the parties hereto, and
reports  thereon  (the "Bring  Down Cold  Comfort  Letters")  as shall have been
reasonably   requested  by  the  Investor  with  respect  to  certain  financial
information contained in the Registration  Statement and shall have delivered to
the Investor such a report addressed to the Investor,  on the date that is three
(3) Business Days prior to each Put Date.

                                       17
<PAGE>
                         (ii)  in  the  event  that  the  Investor   shall  have
requested  delivery  of an Agreed  Upon  Procedures  Report  pursuant to Section
2.5.3,  the Company  shall engage its  independent  auditors to perform  certain
agreed  upon  procedures  and  report  thereon  as shall  have  been  reasonably
requested by the Investor with respect to certain  financial  information of the
Company  and the  Company  shall  deliver to the  Investor a copy of such report
addressed to the Investor. In the event that the report required by this Section
2.3.7(b) cannot be delivered by the Company's independent auditors,  the Company
shall, if necessary,  promptly revise the Registration Statement and the Company
shall not deliver a Put Notice until such report is delivered.

               2.3.8 INVESTOR'S OBLIGATION AND RIGHT TO PURCHASE SHARES. Subject
to the conditions set forth in this Agreement,  following the Investor's receipt
of a validly  delivered Put Notice,  the Investor  shall be required to purchase
(each a  "Purchase")  from the  Company a number of Put Shares  equal to the Put
Share Amount, in the manner described below.

               2.3.9  MECHANICS  OF PUT  CLOSING.  Each of the  Company  and the
Investor shall deliver all documents,  instruments  and writings  required to be
delivered  by  either of them  pursuant  to this  Agreement  at or prior to each
Closing.  Subject to such delivery and the  satisfaction  of the  conditions set
forth in this  Section 2, the closing of the  purchase by the Investor of Shares
shall  occur  by 5:00 PM,  New York  City  Time,  on the date  which is five (5)
Business Days following the applicable Pricing Period End Date (the "Payment Due
Date") at the offices of Investor.  On each or before each Payment Due Date, the
Investor  shall  deliver to the  Company,  in the manner  specified in Section 8
below,  the Put  Dollar  Amount to be paid for such Put  Shares,  determined  as
aforesaid.  The closing  (each a "Put  Closing") for each Put shall occur on the
date that both (i) the Company has  delivered  to the  Investor all Required Put
Documents,  and (ii) the Investor  has  delivered to the Company such Put Dollar
Amount and any Late Payment Amount, if applicable (each a "Put Closing Date").

     If the Investor  does not deliver to the Company the Put Dollar  Amount for
such Put Closing on or before the Payment Due Date,  then the Investor shall pay
to the  Company,  in  addition  to the Put Dollar  Amount,  an amount (the "Late
Payment Amount") at a rate of X% per month,  accruing daily,  multiplied by such
Put  Dollar  Amount,  where "X"  equals  one  percent  (1%) for the first  month
following the date in question,  and increases by an additional one percent (1%)
for each month that passes after the date in  question,  up to a maximum of five
percent (5%) per month; provided,  however, that in no event shall the amount of
interest that shall become due and payable  hereunder  exceed the maximum amount
permissible under applicable law.

     In addition to any other  remedies the Company may have,  in the event that
the Investor fails to make payment for any shares put to it by the Company under
this  Agreement  within five (5) Business  Days of the date that the Company has
notified  the  Investor,  in  writing,  that such  payment is past due,  and the
Company has complied with this Agreement in all material  respects,  neither the
Commitment  Warrant nor any Purchase  Warrants shall be exerciseable  until such
payment is made.

               2.3.10 LIMITATION ON SHORT SALES. The Investor and its affiliates
shall  not  engage  in short  sales of the  Company's  Common  Stock;  provided,
however,  that the  Investor  may enter into any short  exempt sale or any short
sale or other hedging or similar  arrangement it deems  appropriate with respect

                                       18
<PAGE>
to Put Shares  after it receives a Put Notice with respect to such Put Shares so
long as such sales or  arrangements  do not involve more than the number of such
Put Shares specified in the Put Notice.

               2.3.11 CAP AMOUNT.  If the Company  becomes  listed on the Nasdaq
Small Cap Market or the Nasdaq  National  Market,  then,  unless the Company has
obtained  Stockholder  20%  Approval  as set  forth in  Section  6.11 or  unless
otherwise  permitted by Nasdaq,  in no event shall the  Aggregate  Issued Shares
exceed the maximum  number of shares of Common Stock (the "Cap Amount") that the
Company can,  without  stockholder  approval,  so issue  pursuant to Nasdaq Rule
4460(i)(1)(d)(ii)  (or any other applicable  Nasdaq Rules or any successor rule)
(the "Nasdaq 20% Rule").

               2.3.12  INVESTMENT   AGREEMENT   TERMINATION.   The  Company  may
terminate  (a  "Company  Termination")  its  right to  initiate  future  Puts by
providing written notice  ("Termination  Notice") to the Investor,  by facsimile
and  overnight  courier,  at any time other than during an Extended  Put Period,
provided that such termination shall have no effect on the parties' other rights
and obligations under this Agreement,  the Registration  Rights Agreement or the
Warrants.  Notwithstanding  the above,  any Put  Interruption  Notice  occurring
during an Extended Put Period is governed by Section 2.3.4.

               2.3.13  RETURN OF EXCESS  COMMON  SHARES.  In the event  that the
number of Shares purchased by the Investor pursuant to its obligations hereunder
is less than the Intended Put Share Amount,  the Investor shall promptly  return
to the Company any shares of Common Stock in the Investor's  possession that are
not being purchased by the Investor.

          2.4 WARRANTS.

               2.4.1  COMMITMENT  WARRANTS.  In  partial  consideration  hereof,
following the execution of the Letter of Agreement  dated on or about  September
5, 2000 between the Company and the Investor,  the Company  issued and delivered
to Investor warrants (the "Commitment  Warrants") in the form attached hereto as
EXHIBIT  U, or such  other  form as  agreed  upon by the  parties,  to  purchase
1,309,000 shares of Common Stock.  Each Commitment  Warrant shall be immediately
exercisable in accordance with its terms, and shall have a term beginning on the
date of  issuance  and  ending on date that is seven (7) years  thereafter.  The
Warrant  Shares  shall be  registered  for resale  pursuant to the  Registration
Rights Agreement.  The Investment  Commitment Opinion of Counsel shall cover the
issuance of the  Commitment  Warrant and the  issuance of the common  stock upon
exercise of the Commitment Warrant.

     Notwithstanding any Termination or Automatic Termination of this Agreement,
regardless of whether or not the Registration  Statement is or is not filed, and
regardless of whether or not the Registration Statement is approved or denied by
the SEC, the Investor shall retain full  ownership of the Commitment  Warrant as
partial consideration for its commitment hereunder.

               2.4.2 [Intentionally Left Blank].

          2.5 DUE  DILIGENCE  REVIEW.  The  Company  shall  make  available  for
inspection and review by the Investor (the "Due Diligence Review"),  advisors to
and  representatives  of the Investor (who may or may not be affiliated with the

                                       19
<PAGE>
Investor and who are  reasonably  acceptable  to the Company),  any  underwriter
participating  in any  disposition  of Common  Stock on  behalf of the  Investor
pursuant to the Registration Statement, any Supplemental Registration Statement,
or amendments or supplements  thereto or any blue sky, NASD or other filing, all
financial and other records,  all filings with the SEC, and all other  corporate
documents and  properties of the Company as may be reasonably  necessary for the
purpose  of such  review,  and  cause  the  Company's  officers,  directors  and
employees to supply all such information reasonably requested by the Investor or
any  such  representative,  advisor  or  underwriter  in  connection  with  such
Registration  Statement  (including,  without  limitation,  in  response  to all
questions  and other  inquiries  reasonably  made or  submitted by any of them),
prior to and  from  time to time  after  the  filing  and  effectiveness  of the
Registration  Statement  for the sole  purpose of enabling the Investor and such
representatives,  advisors and underwriters and their respective accountants and
attorneys  to conduct  initial  and ongoing due  diligence  with  respect to the
Company and the accuracy of the Registration Statement.

               2.5.1 TREATMENT OF NONPUBLIC  INFORMATION.  The Company shall not
disclose   nonpublic   information  to  the  Investor  or  to  its  advisors  or
representatives  unless  prior to  disclosure  of such  information  the Company
identifies  such  information as being  nonpublic  information  and provides the
Investor and such advisors and representatives with the opportunity to accept or
refuse to accept such nonpublic  information  for review.  The Company may, as a
condition  to  disclosing  any  nonpublic  information  hereunder,  require  the
Investor and its advisors and  representatives  to enter into a  confidentiality
agreement  (including  an  agreement  with  such  advisors  and  representatives
prohibiting them from trading in Common Stock during such period of time as they
are in possession of nonpublic  information) in form reasonably  satisfactory to
the Company and the Investor.

     Nothing herein shall require the Company to disclose nonpublic  information
to the Investor or its advisors or  representatives,  and the Company represents
that it does not disseminate nonpublic information to any investors who purchase
stock in the Company in a public  offering,  to money  managers or to securities
analysts,  provided,  however,  that  notwithstanding  anything  herein  to  the
contrary,  the Company will, as  hereinabove  provided,  immediately  notify the
advisors and representatives of the Investor and, if any,  underwriters,  of any
event or the existence of any  circumstance  (without any obligation to disclose
the specific  event or  circumstance)  of which it becomes  aware,  constituting
nonpublic  information  (whether or not requested of the Company specifically or
generally  during the course of due  diligence by and such persons or entities),
which,  if  not  disclosed  in  the  Prospectus  included  in  the  Registration
Statement,  would cause such Prospectus to include a material misstatement or to
omit a  material  fact  required  to be  stated  therein  in  order  to make the
statements  therein,  in light of the circumstances in which they were made, not
misleading.  Nothing  contained  in this  Section 2.5 shall be construed to mean
that such  persons or  entities  other than the  Investor  (without  the written
consent of the Investor prior to disclosure of such  information) may not obtain
nonpublic  information  in the course of conducting  due diligence in accordance
with the terms of this Agreement;  provided, however, that in no event shall the
Investor's  advisors or  representatives  disclose to the Investor the nature of
the specific  event or  circumstances  constituting  any  nonpublic  information
discovered  by such  advisors  or  representatives  in the  course  of their due
diligence  without the written  consent of the Investor  prior to  disclosure of
such information.

                                       20
<PAGE>
               2.5.2 DISCLOSURE OF MISSTATEMENTS  AND OMISSIONS.  The Investor's
advisors or  representatives  shall make complete  disclosure to the  Investor's
counsel  of all  events  or  circumstances  constituting  nonpublic  information
discovered  by such  advisors  or  representatives  in the  course  of their due
diligence upon which such advisors or representatives  form the opinion that the
Registration  Statement contains an untrue statement of a material fact or omits
a material fact required to be stated in the Registration Statement or necessary
to make the statements  contained therein,  in the light of the circumstances in
which they were made,  not  misleading.  Upon  receipt of such  disclosure,  the
Investor's counsel shall consult with the Company's independent counsel in order
to address the concern raised as to the existence of a material  misstatement or
omission and to discuss appropriate  disclosure with respect thereto;  provided,
however, that such consultation shall not constitute the advice of the Company's
independent  counsel to the  Investor  as to the  accuracy  of the  Registration
Statement and related Prospectus.

               2.5.3  PROCEDURE IF MATERIAL FACTS ARE REASONABLY  BELIEVED TO BE
UNTRUE OR ARE Omitted.  In the event after such consultation the Investor or the
Investor's counsel reasonably believes that the Registration  Statement contains
an untrue  statement of a material  fact or omits a material fact required to be
stated  in the  Registration  Statement  or  necessary  to make  the  statements
contained  therein,  in light of the  circumstances in which they were made, not
misleading,

                    (a) the Company  shall file with the SEC an amendment to the
Registration  Statement  responsive to such alleged untrue statement or omission
and  provide  the  Investor,  as  promptly  as  practicable,  with copies of the
Registration Statement and related Prospectus, as so amended, or

                    (b)  if the  Company  disputes  the  existence  of any  such
material  misstatement or omission,  (i) the Company's independent counsel shall
provide the Investor's counsel with a Registration Opinion and (ii) in the event
the dispute  relates to the  adequacy of financial  disclosure  and the Investor
shall reasonably request,  the Company's  independent  auditors shall provide to
the Company a letter ("Agreed Upon Procedures Report") outlining the performance
of such  "agreed  upon  procedures"  as shall  be  reasonably  requested  by the
Investor and the Company shall provide the Investor with a copy of such letter.

          2.6 COMMITMENT PAYMENTS.

     On the last  Business  Day of the  first  one  year  period  following  the
Effective Date (a "Commitment Evaluation Period"), if the Company has not Put at
least $500,000 in aggregate Put Dollar Amount during that Commitment  Evaluation
Period, the Company, in consideration of Investor's commitment costs, including,
but not limited to, due diligence expenses,  shall pay to the Investor an amount
(the "Non-Usage Fee") equal to the difference of (i) $50,000,  minus (ii) 10% of
the aggregate Put Dollar Amount of the Put Shares  purchased by Investor  during
that Commitment  Evaluation  Period.  On the last Business Day of the second one
year period and the third one year period  following  the  Effective  Date (each
such one year period also a "Commitment  Evaluation Period"), if the Company has
not  Put at  least  $1,000,000  in  aggregate  Put  Dollar  Amount  during  that
Commitment  Evaluation  Period,  the Company,  in  consideration  of  Investor's
commitment costs, including,  but not limited to, due diligence expenses,  shall
pay to the Investor an amount (the  "Non-Usage  Fee") equal to the difference of
(i)  $100,000,  minus (ii) 10% of the  aggregate  Put  Dollar  Amount of the Put
Shares purchased by Investor during that Commitment  Evaluation  Period.  In the

                                       21
<PAGE>
event that the  Company  delivers a  Termination  Notice to the  Investor  or an
Automatic  Termination  occurs,  the  Company  shall  pay to the  Investor  (the
"Termination  Fee") the  greater  of (i) the  Non-Usage  Fee for the  applicable
Commitment Evaluation Period, or (ii) the difference of (x) $200,000,  minus (y)
10% of the aggregate Put Dollar Amount of the Put Shares put to Investor  during
all Puts to date, and the Company shall not be required to pay the Non-Usage Fee
thereafter.

     Each Non-Usage Fee or Termination Fee is payable,  in cash, within five (5)
business  days of the date it  accrued.  The  Company  shall not be  required to
deliver any payments to Investor under this  subsection  until Investor has paid
all Put Dollar Amounts that are then due.

     3. REPRESENTATIONS,  WARRANTIES AND COVENANTS OF INVESTOR.  Investor hereby
represents and warrants to and agrees with the Company as follows:

          3.1   ACCREDITED   INVESTOR.   Investor  is  an  accredited   investor
("Accredited Investor"), as defined in Rule 501 of Regulation D, and has checked
the applicable box set forth in Section 10 of this Agreement.

          3.2  INVESTMENT   EXPERIENCE;   ACCESS  TO  INFORMATION;   INDEPENDENT
INVESTIGATION.

               3.2.1 ACCESS TO INFORMATION.  Investor or Investor's professional
advisor has been granted the opportunity to ask questions of and receive answers
from  representatives  of the Company,  its officers,  directors,  employees and
agents concerning the terms and conditions of this Offering, the Company and its
business and prospects,  and to obtain any additional information which Investor
or Investor's  professional  advisor deems  necessary to verify the accuracy and
completeness of the information received.

               3.2.2 RELIANCE ON OWN ADVISORS. Investor has relied completely on
the advice of, or has consulted with,  Investor's own personal tax,  investment,
legal  or  other  advisors  and  has not  relied  on the  Company  or any of its
affiliates, officers, directors, attorneys, accountants or any affiliates of any
thereof and each other person, if any, who controls any of the foregoing, within
the  meaning of Section 15 of the Act for any tax or legal  advice  (other  than
reliance on information in the Disclosure  Documents as defined in Section 3.2.4
below and on the Opinion of Counsel). The foregoing,  however, does not limit or
modify Investor's right to rely upon covenants,  representations  and warranties
of the Company in this Agreement.

               3.2.3  CAPABILITY  TO EVALUATE.  Investor has such  knowledge and
experience  in financial  and business  matters so as to enable such Investor to
utilize the information  made available to it in connection with the Offering in
order to evaluate the merits and risks of the prospective investment,  which are
substantial,  including  without  limitation  those set forth in the  Disclosure
Documents (as defined in Section 3.2.4 below).

               3.2.4  DISCLOSURE  DOCUMENTS.   Investor,  in  making  Investor's
investment  decision  to  subscribe  for  the  Investment  Agreement  hereunder,
represents  that (a) Investor has received and had an  opportunity to review (i)
the  Company's  Annual  Report on Form 10-KSB for the year ended June 30,  2000,
(ii) the  Company's  quarterly  report on Form  10-QSB  for the  quarters  ended
December  31,  1999,  and March 31, 2000,  (iii) the Risk  Factors,  attached as
EXHIBIT J, (the "Risk Factors") (iv) the  Capitalization  Schedule,  attached as
EXHIBIT K, (the "Capitalization Schedule") and (v) the Use of Proceeds Schedule,
attached as EXHIBIT L, (the "Use of Proceeds Schedule");  (b) Investor has read,

                                       22
<PAGE>
reviewed,  and  relied  solely on the  documents  described  in (a)  above,  the
Company's   representations   and  warranties  and  other  information  in  this
Agreement,  including the exhibits, documents prepared by the Company which have
been  specifically  provided to Investor in  connection  with this Offering (the
documents described in this Section 3.2.4 (a) and (b) are collectively  referred
to as the  "Disclosure  Documents"),  and an independent  investigation  made by
Investor and Investor's representatives,  if any; (c) Investor has, prior to the
date of this Agreement,  been given an opportunity to review material  contracts
and  documents of the Company which have been filed as exhibits to the Company's
filings  under the Act and the  Exchange Act and has had an  opportunity  to ask
questions of and receive answers from the Company's officers and directors;  and
(d) is not  relying  on any oral  representation  of the  Company  or any  other
person, nor any written  representation or assurance from the Company other than
those contained in the Disclosure  Documents or incorporated  herein or therein.
The foregoing,  however,  does not limit or modify Investor's right to rely upon
covenants,  representations and warranties of the Company in Sections 5 and 6 of
this  Agreement.  Investor  acknowledges  and  agrees  that the  Company  has no
responsibility  for, does not ratify, and is under no responsibility  whatsoever
to comment upon or correct any reports,  analyses or other  comments  made about
the Company by any third  parties,  including,  but not  limited  to,  analysts'
research reports or comments (collectively, "Third Party Reports"), and Investor
has not relied upon any Third Party Reports in making the decision to invest.

               3.2.5  INVESTMENT   EXPERIENCE;   FEND  FOR  SELF.  Investor  has
substantial experience in investing in securities and it has made investments in
securities other than those of the Company.  Investor acknowledges that Investor
is able to fend for  Investor's  self in the  transaction  contemplated  by this
Agreement, that Investor has the ability to bear the economic risk of Investor's
investment  pursuant  to this  Agreement  and that  Investor  is an  "Accredited
Investor" by virtue of the fact that Investor  meets the investor  qualification
standards  set forth in Section 3.1 above.  Investor has not been  organized for
the purpose of investing in securities of the Company,  although such investment
is consistent with Investor's purposes.

                                       23
<PAGE>
          3.3 EXEMPT OFFERING UNDER REGULATION D.

               3.3.1 NO GENERAL  SOLICITATION.  The Investment Agreement was not
offered to Investor  through,  and Investor is not aware of, any form of general
solicitation or general  advertising,  including,  without  limitation,  (i) any
advertisement,   article,   notice  or  other  communication  published  in  any
newspaper,  magazine or similar media or broadcast over television or radio, and
(ii) any seminar or meeting  whose  attendees  have been  invited by any general
solicitation or general advertising.

               3.3.2  RESTRICTED  SECURITIES.   Investor  understands  that  the
Investment  Agreement  is, the Common  Stock issued at each Put Closing will be,
and the Warrant Shares will be,  characterized as "restricted  securities" under
the federal securities laws inasmuch as they are being acquired from the Company
in a  transaction  exempt  from the  registration  requirements  of the  federal
securities  laws and  that  under  such  laws and  applicable  regulations  such
securities may not be transferred or resold without  registration  under the Act
or pursuant to an exemption therefrom.  In this connection,  Investor represents
that  Investor is familiar  with Rule 144 under the Act, as presently in effect,
and understands the resale limitations imposed thereby and by the Act.

               3.3.3   DISPOSITION.    Without   in   any   way   limiting   the
representations  set forth above,  Investor agrees that until the Securities are
sold  pursuant to an  effective  Registration  Statement  or an  exemption  from
registration,  they  will  remain  in the  name  of  Investor  and  will  not be
transferred to or assigned to any broker, dealer or depositary. Investor further
agrees not to sell,  transfer,  assign, or pledge the Securities (except for any
bona fide  pledge  arrangement  to the extent  that such pledge does not require
registration  under the Act or unless an  exemption  from such  registration  is
available  and  provided  further  that if such  pledge is  realized  upon,  any
transfer to the pledgee shall comply with the requirements set forth herein), or
to otherwise dispose of all or any portion of the Securities unless and until:

                    (a) There is then in effect a registration  statement  under
the Act  and  any  applicable  state  securities  laws  covering  such  proposed
disposition and such  disposition is made in accordance  with such  registration
statement and in compliance with applicable prospectus delivery requirements; or

                    (b) (i)  Investor  shall have  notified  the  Company of the
proposed  disposition  and shall have  furnished the Company with a statement of
the  circumstances  surrounding the proposed  disposition to the extent relevant
for  determination  of the availability of an exemption from  registration,  and
(ii) if reasonably  requested by the Company,  Investor shall have furnished the
Company with an opinion of counsel, reasonably satisfactory to the Company, that
such disposition  will not require  registration of the Securities under the Act
or state  securities  laws.  It is agreed that the Company  will not require the
Investor to provide opinions of counsel for  transactions  made pursuant to Rule
144 provided  that Investor and  Investor's  broker,  if necessary,  provide the
Company with the necessary  representations  for counsel to the Company to issue
an opinion with respect to such transaction.

          The Investor is entering  into this  Agreement for its own account and
the Investor has no present arrangement  (whether or not legally binding) at any
time to sell the  Common  Stock to or through  any  person or entity;  provided,

                                       24
<PAGE>
however, that by making the representations  herein, the Investor does not agree
to hold the Common Stock for any minimum or other specific term and reserves the
right to dispose of the Common Stock at any time in accordance  with federal and
state securities laws applicable to such disposition.

          3.4 DUE AUTHORIZATION.

               3.4.1 AUTHORITY.  The person executing this Investment Agreement,
if executing this Agreement in a representative or fiduciary capacity,  has full
power and  authority  to  execute  and  deliver  this  Agreement  and each other
document  included herein for which a signature is required in such capacity and
on behalf of the subscribing individual, partnership, trust, estate, corporation
or other entity for whom or which Investor is executing this Agreement. Investor
has reached the age of majority (if an individual)  according to the laws of the
state in which he or she resides.

               3.4.2 DUE AUTHORIZATION.  Investor is duly and validly organized,
validly existing and in good standing as a limited  liability  company under the
laws of Georgia with full power and  authority to purchase the  Securities to be
purchased by Investor and to execute and deliver this Agreement.

               3.4.3   PARTNERSHIPS.   If   Investor  is  a   partnership,   the
representations,  warranties,  agreements and understandings set forth above are
true with respect to all partners of Investor (and if any such partner is itself
a partnership, all persons holding an interest in such partnership,  directly or
indirectly,  including  through  one  or  more  partnerships),  and  the  person
executing this Agreement has made due inquiry to determine the  truthfulness  of
the representations and warranties made hereby.

               3.4.4   REPRESENTATIVES.   If   Investor  is   purchasing   in  a
representative or fiduciary  capacity,  the representations and warranties shall
be deemed to have been made on behalf of the person or persons for whom Investor
is so purchasing.

     4. ACKNOWLEDGMENTS. Investor is aware that:

          4.1 RISKS OF INVESTMENT. Investor recognizes that an investment in the
Company involves  substantial risks,  including the potential loss of Investor's
entire investment  herein.  Investor  recognizes that the Disclosure  Documents,
this  Agreement  and the  exhibits  hereto do not  purport  to  contain  all the
information, which would be contained in a registration statement under the Act;

          4.2 NO GOVERNMENT APPROVAL. No federal or state agency has passed upon
the  Securities,  recommended  or endorsed the Offering,  or made any finding or
determination as to the fairness of this transaction;

          4.3 NO REGISTRATION,  RESTRICTIONS ON TRANSFER. As of the date of this
Agreement,  the  Securities and any component  thereof have not been  registered
under the Act or any applicable  state  securities  laws by reason of exemptions
from the  registration  requirements  of the Act and such  laws,  and may not be
sold, pledged (except for any limited pledge in connection with a margin account
of Investor to the extent that such pledge does not require  registration  under
the Act or unless an exemption from such  registration is available and provided

                                       25
<PAGE>
further that if such pledge is realized  upon, any transfer to the pledgee shall
comply with the requirements set forth herein),  assigned or otherwise  disposed
of in the  absence  of an  effective  registration  of the  Securities  and  any
component thereof under the Act or unless an exemption from such registration is
available;

          4.4  RESTRICTIONS  ON  TRANSFER.  Investor  may not  attempt  to sell,
transfer,  assign,  pledge or  otherwise  dispose  of all or any  portion of the
Securities  or any  component  thereof  in the  absence  of either an  effective
registration statement or an exemption from the registration requirements of the
Act and applicable state securities laws;

          4.5 NO ASSURANCES OF REGISTRATION.  There can be no assurance that any
registration  statement will become effective at the scheduled time, or ever, or
remain  effective  when  required,  and  Investor  acknowledges  that  it may be
required to bear the economic  risk of Investor's  investment  for an indefinite
period of time;

          4.6 EXEMPT TRANSACTION.  Investor  understands that the Securities are
being offered and sold in reliance on specific  exemptions from the registration
requirements of federal and state law and that the representations,  warranties,
agreements, acknowledgments and understandings set forth herein are being relied
upon by the Company in determining the  applicability of such exemptions and the
suitability of Investor to acquire such Securities.

          4.7 LEGENDS.  The  certificates  representing the Put Shares shall not
bear a legend restricting the sale or transfer thereof  ("Restrictive  Legend").
The  certificates  representing  the Warrant Shares shall not bear a Restrictive
Legend unless they are issued at a time when the  Registration  Statement is not
effective for resale.  It is understood  that the  certificates  evidencing  any
Warrant Shares issued at a time when the Registration Statement is not effective
for  resale,  subject to legend  removal  under the terms of Section  6.8 below,
shall bear the following legend (the "Legend"):

          "The securities  represented hereby have not been registered under the
          Securities  Act of 1933, as amended,  or applicable  state  securities
          laws, nor the securities laws of any other jurisdiction.  They may not
          be sold or  transferred  in the absence of an  effective  registration
          statement  under those  securities  laws or  pursuant to an  exemption
          therefrom."

     5.  REPRESENTATIONS AND WARRANTIES OF THE COMPANY. The Company hereby makes
the following representations and warranties to Investor (which shall be true at
the  signing  of this  Agreement,  and as of any such  later  date as  specified
hereunder) and agrees with Investor  that,  except as set forth in the "Schedule
of Exceptions" attached hereto as EXHIBIT C:

          5.1 ORGANIZATION,  GOOD STANDING, AND QUALIFICATION.  The Company is a
corporation duly organized, validly existing and in good standing under the laws
of the  State  of  Delaware,  USA and  has all  requisite  corporate  power  and
authority  to carry on its  business  as now  conducted  and as  proposed  to be
conducted.  The Company is duly  qualified  to transact  business and is in good
standing in each  jurisdiction  in which the failure to so qualify would, in the
Company's opinion,  have a material adverse effect on the business or properties
of the Company  and its  subsidiaries  taken as a whole.  The Company is not the
subject  of  any  pending,   threatened  or,  to  its  knowledge,   contemplated
investigation  or  administrative  or legal  proceeding (a  "Proceeding") by the

                                       26
<PAGE>
Internal  Revenue  Service,  the  taxing  authorities  of  any  state  or  local
jurisdiction,   or  the  Securities  and  Exchange   Commission,   the  National
Association of Securities  Dealers,  Inc., the Nasdaq Stock Market,  Inc. or any
state securities  commission,  or any other governmental  entity, which have not
been disclosed in the Disclosure Documents.  None of the disclosed  Proceedings,
if any, will, in the Company's opinion,  have a material adverse effect upon the
Company. The Company has the following subsidiaries: InfoPak, Inc.

          5.2 CORPORATE  CONDITION.  The Company's condition is, in all material
respects,  as described in the Disclosure Documents (as further set forth in any
subsequently filed Disclosure Documents,  if applicable),  except for changes in
the ordinary course of business and normal year-end adjustments that are not, in
the aggregate,  materially adverse to the Company. Except for continuing losses,
there have been no material adverse changes to the Company's business, financial
condition,  or prospects from the dates of such Disclosure Documents through the
date of the Investment Commitment Closing. The financial statements as contained
in the  10-KSB  and 10-QSB  have been  prepared  in  accordance  with  generally
accepted  accounting  principles,  consistently  applied  (except  as  otherwise
permitted  by  Regulation  S-X  of  the  Exchange  Act,  or  Generally  Accepted
Accounting Principles, as applicable), subject, in the case of unaudited interim
financial  statements,  to  customary  year end  adjustments  and the absence of
certain footnotes,  and fairly present the financial condition of the Company as
of the dates of the balance sheets included therein and the consolidated results
of its  operations and cash flows for the periods then ended.  Without  limiting
the foregoing, there are no material liabilities, contingent or actual, that are
not disclosed in the Disclosure  Documents (other than  liabilities  incurred by
the Company in the ordinary  course of its  business,  consistent  with its past
practice, after the period covered by the Disclosure Documents). The Company has
paid all  material  taxes  that are due,  except  for taxes  that it  reasonably
disputes. There is no material claim, litigation,  or administrative  proceeding
pending  or, to the best of the  Company's  knowledge,  threatened  against  the
Company, except as disclosed in the Disclosure Documents. This Agreement and the
Disclosure  Documents do not contain any untrue statement of a material fact and
do not omit to state any material fact  required to be stated  therein or herein
necessary to make the statements  contained  therein or herein not misleading in
the  light  of the  circumstances  under  which  they  were  made.  No  event or
circumstance  exists  relating  to the  Company  which,  under  applicable  law,
requires  public  disclosure  but which has not been so  publicly  announced  or
disclosed.

          5.3 AUTHORIZATION.  All corporate action on the part of the Company by
its  officers,  directors  and  stockholders  necessary  for the  authorization,
execution and delivery of this Agreement,  the performance of all obligations of
the Company hereunder and the authorization, issuance and delivery of the Common
Stock  being  sold  hereunder  and the  issuance  (and/or  the  reservation  for
issuance)  of the  Warrants  and the Warrant  Shares  have been taken,  and this
Agreement and the  Registration  Rights  Agreement  constitute valid and legally
binding obligations of the Company,  enforceable in accordance with their terms,
except insofar as the  enforceability  may be limited by applicable  bankruptcy,
insolvency,  reorganization,  or other similar laws affecting  creditors' rights
generally or by principles governing the availability of equitable remedies. The
Company has  obtained all  consents  and  approvals  required for it to execute,
deliver and perform each agreement referenced in the previous sentence.

          5.4 VALID ISSUANCE OF COMMON STOCK. The Common Stock and the Warrants,
when issued,  sold and  delivered in accordance  with the terms hereof,  for the
consideration   expressed  herein,  will  be  validly  issued,  fully  paid  and
nonassessable  and, based in part upon the  representations  of Investor in this
Agreement,  will be issued in compliance  with all applicable  U.S.  federal and

                                       27
<PAGE>
state  securities  laws. The Warrant Shares,  when issued in accordance with the
terms of the Warrants,  shall be duly and validly issued and outstanding,  fully
paid and nonassessable,  and based in part on the representations and warranties
of Investor,  will be issued in compliance with all applicable U.S.  federal and
state securities laws. The Put Shares,  the Warrants and the Warrant Shares will
be issued free of any preemptive rights.

          5.5 COMPLIANCE WITH OTHER INSTRUMENTS. The Company is not in violation
or default of any provisions of its Certificate of Incorporation or Bylaws, each
as  amended  and in  effect  on and as of the date of the  Agreement,  or of any
material  provision of any material  instrument or material contract to which it
is a party or by which it is bound or of any  provision  of any federal or state
judgment,   writ,  decree,  order,  statute,  rule  or  governmental  regulation
applicable  to the  Company,  which  would,  in the  Company's  opinion,  have a
material  adverse  effect on the  Company's  business  or  prospects,  or on the
performance of its obligations  under this Agreement or the Registration  Rights
Agreement.  The  execution,  delivery and  performance of this Agreement and the
other  agreements  entered  into  in  conjunction  with  the  Offering  and  the
consummation of the  transactions  contemplated  hereby and thereby will not (a)
result in any such  violation  or be in  conflict  with or  constitute,  with or
without  the  passage of time and giving of notice,  either a default  under any
such provision, instrument or contract or an event which results in the creation
of any lien, charge or encumbrance upon any assets of the Company,  which would,
in the  Company's  opinion,  have a  material  adverse  effect on the  Company's
business or  prospects,  or on the  performance  of its  obligations  under this
Agreement,  the  Registration  Rights  Agreement,  or (b) violate the  Company's
Certificate  of  Incorporation  or By-Laws or (c) violate any  statute,  rule or
governmental  regulation applicable to the Company which violation would, in the
Company's  opinion,  have a material adverse effect on the Company's business or
prospects.

          5.6  REPORTING  COMPANY.  The  Company  is  subject  to the  reporting
requirements  of the Exchange  Act, has a class of securities  registered  under
Section  12 of the  Exchange  Act,  and has filed all  reports  required  by the
Exchange Act since the date the Company first became  subject to such  reporting
obligations.  The Company  undertakes  to furnish  Investor  with copies of such
reports as may be reasonably requested by Investor prior to consummation of this
Offering and thereafter,  to make such reports  available,  for the full term of
this Agreement,  including any extensions  thereof,  and for as long as Investor
holds the Securities.  The Common Stock is duly listed or approved for quotation
on the O.T.C.  Bulletin  Board.  The Company is not in  violation of the listing
requirements  of the O.T.C.  Bulletin Board and does not  reasonably  anticipate
that the Common  Stock will be  delisted  by the O.T.C.  Bulletin  Board for the
foreseeable  future.  The  Company  has filed  all  reports  required  under the
Exchange  Act.  The Company  has not  furnished  to the  Investor  any  material
nonpublic information concerning the Company.

          5.7  CAPITALIZATION.  The capitalization of the Company as of the date
hereof,  subject to exercise of any outstanding  warrants and/or exercise of any
outstanding  stock  options,  and after  taking into account the offering of the
Securities  contemplated  by  this  Agreement  and  all  other  share  issuances
occurring prior to this Offering, is as set forth in the Capitalization Schedule
as set forth in EXHIBIT K. There are no  securities  or  instruments  containing
anti-dilution  or similar  provisions  that will be triggered by the issuance of
the Securities.  Except as disclosed in the Capitalization  Schedule,  as of the
date of this Agreement, (i) there are no outstanding options,  warrants,  scrip,
rights to  subscribe  for,  calls or  commitments  of any  character  whatsoever

                                       28
<PAGE>
relating  to,  or  securities  or  rights  convertible  into or  exercisable  or
exchangeable  for,  any  shares of  capital  stock of the  Company or any of its
subsidiaries, or arrangements by which the Company or any of its subsidiaries is
or may become bound to issue  additional  shares of capital stock of the Company
or any of its  subsidiaries,  and (ii) there are no agreements  or  arrangements
under which the Company or any of its  subsidiaries is obligated to register the
sale of any of its or their  securities  under the Act (except the  Registration
Rights Agreement).

          5.8  INTELLECTUAL  PROPERTY.  The Company has valid,  unrestricted and
exclusive  ownership  of or rights  to use the  patents,  trademarks,  trademark
registrations,   trade  names,  copyrights,   know-how,   technology  and  other
intellectual property necessary to the conduct of its business.  EXHIBIT M lists
all patents, trademarks, trademark registrations,  trade names and copyrights of
the Company.  The Company has granted such licenses or has assigned or otherwise
transferred  a portion of (or all of) such  valid,  unrestricted  and  exclusive
patents, trademarks, trademark registrations, trade names, copyrights, know-how,
technology  and other  intellectual  property  necessary  to the  conduct of its
business  as set forth in  EXHIBIT M. The  Company  has been  granted  licenses,
know-how, technology and/or other intellectual property necessary to the conduct
of its  business  as set  forth  in  EXHIBIT  M. To the  best  of the  Company's
knowledge after due inquiry,  the Company is not infringing on the  intellectual
property  rights of any third party,  nor is any third party  infringing  on the
Company's  intellectual  property  rights.  There  are  no  restrictions  in any
agreements, licenses, franchises, or other instruments that preclude the Company
from engaging in its business as presently conducted.

          5.9 USE OF PROCEEDS. As of the date hereof, the Company expects to use
the proceeds from this Offering (less fees and expenses) for the purposes and in
the approximate  amounts set forth on the Use of Proceeds  Schedule set forth as
EXHIBIT L hereto.  These  purposes and amounts are  estimates and are subject to
change without notice to any Investor.

          5.10 NO RIGHTS OF PARTICIPATION.  No person or entity,  including, but
not limited to,  current or former  stockholders  of the Company,  underwriters,
brokers,  agents  or other  third  parties,  has any  right  of  first  refusal,
preemptive right, right of participation, or any similar right to participate in
the financing contemplated by this Agreement which has not been waived.

          5.11 COMPANY  ACKNOWLEDGMENT.  The Company  hereby  acknowledges  that
Investor  may elect to hold the  Securities  for  various  periods  of time,  as
permitted by the terms of this  Agreement,  the Warrants,  and other  agreements
contemplated hereby, and the Company further acknowledges that Investor has made
no  representations  or  warranties,  either written or oral, as to how long the
Securities will be held by Investor or regarding  Investor's  trading history or
investment strategies.

          5.12 NO ADVANCE  REGULATORY  APPROVAL.  The Company  acknowledges that
this  Investment  Agreement,   the  transaction   contemplated  hereby  and  the
Registration Statement contemplated hereby have not been approved by the SEC, or
any  other  regulatory  body and  there is no  guarantee  that  this  Investment
Agreement,  the transaction  contemplated hereby and the Registration  Statement
contemplated  hereby will ever be  approved  by the SEC or any other  regulatory
body.  The  Company  is relying on its own  analysis  and is not  relying on any
representation   by  Investor  that  either  this  Investment   Agreement,   the
transaction  contemplated  hereby  or the  Registration  Statement  contemplated
hereby has been or will be approved by the SEC or other  appropriate  regulatory
body.

                                       29
<PAGE>
          5.13  UNDERWRITER'S  FEES AND RIGHTS OF FIRST REFUSAL.  The Company is
not  obligated  to  pay  any  compensation  or  other  fees,  costs  or  related
expenditures in cash or securities to any  underwriter,  broker,  agent or other
representative in connection with this Offering.

          5.14  AVAILABILITY OF SUITABLE FORM FOR  REGISTRATION.  The Company is
currently eligible and agrees to maintain its eligibility to register the resale
of its Common Stock on a  registration  statement  on a suitable  form under the
Act.

          5.15 NO  INTEGRATED  OFFERING.  Neither  the  Company,  nor any of its
affiliates,  nor any  person  acting on its or their  behalf,  has  directly  or
indirectly  made  any  offers  or sales of any of the  Company's  securities  or
solicited any offers to buy any security under  circumstances that would prevent
the parties  hereto  from  consummating  the  transactions  contemplated  hereby
pursuant to an  exemption  from  registration  under  Regulation D of the Act or
would require the issuance of any other  securities  to be integrated  with this
Offering  under the Rules of the SEC. The Company has not engaged in any form of
general  solicitation  or  advertising  in  connection  with the offering of the
Common Stock or the Warrants.

          5.16 FOREIGN CORRUPT  PRACTICES.  Neither the Company,  nor any of its
subsidiaries,  nor any director, officer, agent, employee or other person acting
on behalf of the  Company or any  subsidiary  has,  in the course of its actions
for, or on behalf of, the  Company,  used any  corporate  funds for any unlawful
contribution,  gift,  entertainment  or  other  unlawful  expenses  relating  to
political activity;  made any direct or indirect unlawful payment to any foreign
or domestic government official or employee from corporate funds; violated or is
in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977,
as amended; or made any bribe, rebate,  payoff,  influence payment,  kickback or
other  unlawful  payment  to any  foreign or  domestic  government  official  or
employee.

          5.17  KEY  EMPLOYEES.  As of the  date of this  Agreement,  each  "Key
Employee"  (as  defined in EXHIBIT N) is  currently  serving  the Company in the
capacity  disclosed in EXHIBIT N. No Key Employee,  to the best knowledge of the
Company and its subsidiaries,  is, or is now expected to be, in violation of any
material  term  of  any  employment  contract,  confidentiality,  disclosure  or
proprietary  information  agreement,  non-competition  agreement,  or any  other
contract or agreement or any restrictive covenant,  and the continued employment
of each Key Employee does not subject the Company or any of its  subsidiaries to
any liability with respect to any of the foregoing matters. No Key Employee has,
to the best  knowledge  of the Company and its  subsidiaries,  any  intention to
terminate  his  employment  with,  or  services  to,  the  Company or any of its
subsidiaries.

          5.18   REPRESENTATIONS   CORRECT.   The   foregoing   representations,
warranties  and  agreements  are true,  correct  and  complete  in all  material
respects,  and shall  survive any Put Closing and the  issuance of the shares of
Common Stock thereby.

          5.19 TAX  STATUS.  The Company has made or filed all federal and state
income and all other tax  returns,  reports  and  declarations  required  by any
jurisdiction  to which it is subject  (unless  and only to the  extent  that the
Company  has set  aside on its  books  provisions  reasonably  adequate  for the
payment  of all unpaid  and  unreported  taxes) and has paid all taxes and other
governmental  assessments  and charges  that are  material  in amount,  shown or
determined to be due on such  returns,  reports and  declarations,  except those

                                       30
<PAGE>
being  contested  in good  faith  and  has  set  aside  on its  books  provision
reasonably  adequate for the payment of all taxes for periods  subsequent to the
periods  to which such  returns,  reports or  declarations  apply.  There are no
unpaid taxes in any material amount claimed to be due by the taxing authority of
any jurisdiction,  and the officers of the Company know of no basis for any such
claim.

          5.20  TRANSACTIONS  WITH  AFFILIATES.  Except  as  set  forth  in  the
Disclosure  Documents,  none of the  officers,  directors,  or  employees of the
Company is presently a party to any transaction with the Company (other than for
services  as  employees,  officers  and  directors),   including  any  contract,
agreement or other  arrangement  providing for the  furnishing of services to or
by,  providing for rental of real or personal  property to or from, or otherwise
requiring payments to or from any officer,  director or such employee or, to the
knowledge of the Company, any corporation, partnership, trust or other entity in
which any officer,  director, or any such employee has a substantial interest or
is an officer, director, trustee or partner.

          5.21 APPLICATION OF TAKEOVER PROTECTIONS. The Company and its board of
directors  have  taken  all  necessary  action,  if  any,  in  order  to  render
inapplicable  any  control  share  acquisition,  business  combination  or other
similar  anti-takeover  provision  under  Delaware  law which is or could become
applicable to the Investor as a result of the transactions  contemplated by this
Agreement,  including, without limitation, the issuance of the Common Stock, any
exercise of the Warrants and ownership of the Common Shares and Warrant  Shares.
The Company has not adopted and will not adopt any "poison pill"  provision that
will be applicable to Investor as a result of transactions  contemplated by this
Agreement.

          5.22 OTHER  AGREEMENTS.  The Company has not,  directly or indirectly,
made any agreements  with the Investor under a subscription  in the form of this
Agreement for the purchase of Common Stock,  relating to the terms or conditions
of the transactions contemplated hereby or thereby except as expressly set forth
herein, respectively, or in exhibits hereto or thereto.

          5.23  MAJOR  TRANSACTIONS.  There  are  no  other  Major  Transactions
currently pending or contemplated by the Company.

          5.24 FINANCINGS.  There are no other financings  currently  pending or
contemplated by the Company.

          5.25 SHAREHOLDER AUTHORIZATION.  The Company shall, at its next annual
shareholder  meeting following its listing on either the Nasdaq Small Cap Market
or the Nasdaq  National  Market,  or at a special  meeting to be held as soon as
practicable  thereafter,  use  its  best  efforts  to  obtain  approval  of  its
shareholders  to (i)  authorize  the  issuance  of the full  number of shares of
Common Stock which would be issuable  under this  Agreement  and  eliminate  any
prohibitions  under  applicable  law or the  rules or  regulations  of any stock
exchange,  interdealer  quotation system or other  self-regulatory  organization
with  jurisdiction over the Company or any of its securities with respect to the
Company's  ability to issue  shares of Common  Stock in excess of the Cap Amount
(such  approvals  being the "20%  Approval")  and (ii)  increase  the  number of
authorized  shares of Common  Stock of the  Company  (the  "Share  Authorization
Increase  Approval")  such that at least  25,000,000  shares can be reserved for
this Offering.  In connection with such shareholder  vote, the Company shall use
its best efforts to cause all officers and  directors of the Company to promptly

                                       31
<PAGE>
enter  into  irrevocable  agreements  to vote  all of their  shares  in favor of
eliminating such prohibitions. As soon as practicable after the 20% Approval and
the Share  Authorization  Increase Approval,  the Company agrees to use its best
efforts to reserve  25,000,000  shares of Common Stock for  issuance  under this
Agreement.

          5.26  ACKNOWLEDGMENT  OF  LIMITATIONS  ON  PUT  AMOUNTS.  The  Company
understands and  acknowledges  that the amounts  available under this Investment
Agreement  are  limited,  among other  things,  based upon the  liquidity of the
Company's Common Stock traded on its Principal Market.

          5.27  DILUTION.  The number of shares of Common Stock  issuable as Put
Shares may increase substantially in certain circumstances,  including,  but not
necessarily limited to, the circumstance wherein the trading price of the Common
Stock  declines  during the period between the Effective Date and the end of the
Commitment  Period.  The  Company's   executive  officers  and  directors  fully
understand  the nature of the  transactions  contemplated  by this Agreement and
recognize that they have a potential  dilutive effect. The board of directors of
the  Company  has  concluded,  in its good faith  business  judgment,  that such
issuance is in the best  interests  of the  Company.  The  Company  specifically
acknowledges that, whenever the Company elects to initiate a Put, its obligation
to issue the Put Shares is binding upon the Company and  enforceable  regardless
of the  dilution  such  issuance  may have on the  ownership  interests of other
shareholders of the Company.

     6. COVENANTS OF THE COMPANY.

          6.1  INDEPENDENT  AUDITORS.  The  Company  shall,  until at least  the
Termination  Date,  maintain  as its  independent  auditors an  accounting  firm
authorized to practice before the SEC.

          6.2 CORPORATE  EXISTENCE AND TAXES;  CHANGE IN CORPORATE  ENTITY.  The
Company  shall,  until at least the  Termination  Date,  maintain its  corporate
existence in good standing and, once it becomes a "Reporting Issuer" (defined as
a Company  which  files  periodic  reports  under the  Exchange  Act),  remain a
Reporting Issuer and shall pay all its taxes when due except for taxes which the
Company  disputes.  The Company  shall not,  at any time after the date  hereof,
enter into any merger,  consolidation or corporate reorganization of the Company
with or into, or transfer all or substantially  all of the assets of the Company
to,  another entity unless the resulting  successor or acquiring  entity in such
transaction,  if not the Company (the "Surviving Entity"),  (i) has Common Stock
listed for  trading on the OTC  Bulletin  Board,  Nasdaq or on another  national
stock exchange and is a Reporting Issuer, (ii) assumes by written instrument the
Company's   obligations   with  respect  to  this  Investment   Agreement,   the
Registration  Rights  Agreement,  the Transfer Agent  Instructions,  the Warrant
Antidilution  Agreement,  the  Warrants  and the other  agreements  referred  to
herein,  including but not limited to the obligations to deliver to the Investor
shares of Common Stock and/or  securities  that  Investor is entitled to receive
pursuant to this  Investment  Agreement  and upon  exercise of the  Warrants and
agrees by written  instrument to reissue,  in the name of the Surviving  Entity,
any  Warrants  (each in the same  terms,  including  but not limited to the same
reset provisions,  as the applicable Warrant originally issued or required to be
issued  by  the  Company)  that  are  outstanding   immediately  prior  to  such
transaction, making appropriate proportional adjustments to the number of shares
represented  by such  Warrants  and the  exercise  prices  of such  Warrants  to
accurately reflect the exchange represented by the transaction.

                                       32
<PAGE>
          6.3  REGISTRATION  RIGHTS.  The Company will enter into a registration
rights agreement covering the resale of the Common Shares and the Warrant Shares
substantially  in the form of the  Registration  Rights  Agreement  attached  as
EXHIBIT A.

          6.4 ASSET TRANSFERS.  The Company shall not (i) transfer, sell, convey
or otherwise  dispose of any of its material assets to any subsidiary except for
a cash or cash equivalent  consideration  and for a proper  business  purpose or
(ii) transfer,  sell,  convey or otherwise dispose of any of its material assets
to any  Affiliate,  as defined  below,  during the Term of this  Agreement.  For
purposes hereof,  "Affiliate" shall mean any officer of the Company, director of
the  Company or owner of twenty  percent  (20%) or more of the  Common  Stock or
other securities of the Company.

          6.5 CAPITAL RAISING LIMITATIONS AND RIGHTS OF FIRST REFUSAL.

               6.5.1  CAPITAL  RAISING  LIMITATIONS.  During the period from the
date of this  Agreement  until  the  date  that is sixty  (60)  days  after  the
Termination Date, the Company shall not issue or sell, or agree to issue or sell
Equity  Securities  (as  defined  below),  for cash in private  capital  raising
transactions without obtaining the prior written approval of the Investor of the
Offering (the limitations  referred to in this subsection 6.5.1 are collectively
referred to as the "Capital  Raising  Limitations").  For purposes  hereof,  the
following shall be collectively  referred to herein as, the "Equity Securities":
(i)  Common  Stock or any  other  equity  securities,  (ii)  any debt or  equity
securities which are convertible into, exercisable or exchangeable for, or carry
the  right to  receive  additional  shares  of  Common  Stock  or  other  equity
securities,  or (iii) any  securities of the Company  pursuant to an equity line
structure or format similar in nature to this Offering.

               6.5.2 INVESTOR'S RIGHT OF FIRST REFUSAL.  For any private capital
raising  transactions of Equity Securities which close after the date hereof and
on or prior to the date that is sixty  (60) days after the  Termination  Date of
this  Agreement,  not including  any warrants  issued in  conjunction  with this
Investment  Agreement,  the Company agrees to deliver to Investor,  at least ten
(10) days prior to the closing of such  transaction,  written notice  describing
the  proposed  transaction,  including  the terms and  conditions  thereof,  and
providing  the  Investor  and its  affiliates  an  option  (the  "Right of First
Refusal")  during the ten (10) day period  following  delivery of such notice to
purchase the securities  being offered in such  transaction on the same terms as
contemplated by such transaction.

               6.5.3  EXCEPTIONS TO CAPITAL  RAISING  LIMITATIONS  AND RIGHTS OF
FIRST  REFUSAL.   Notwithstanding   the  above,   neither  the  Capital  Raising
Limitations  nor the  Rights of First  Refusal  shall  apply to any  transaction
involving  issuances of securities by the Company to a company being acquired by
the Company,  as payment to such company for such acquisition,  or in connection
with the exercise of options by  employees  or  directors  of the Company,  or a
primary underwritten offering of the Company's Common Stock. The Capital Raising
Limitations and Rights of First Refusal also shall not apply to (a) the issuance

                                       33
<PAGE>
of securities upon exercise or conversion of the Company's options,  warrants or
other convertible securities outstanding as of the date hereof, (b) the grant of
additional options or warrants, or the issuance of additional securities,  under
any  Company  stock  option or  restricted  stock  plan for the  benefit  of the
Company's employees or directors,  or (c) the issuance of debt securities,  with
no equity feature, incurred solely for working capital purposes.

          6.6 FINANCIAL 10-KSB STATEMENTS, ETC. AND CURRENT REPORTS ON FORM 8-K.
The Company shall deliver to the Investor  copies of its annual  reports on Form
10-KSB,  and quarterly  reports on Form 10-QSB and shall deliver to the Investor
current  reports  on Form 8-K within two (2) days of filing for the Term of this
Agreement.

          6.7 OPINION OF COUNSEL. Investor shall, concurrent with the Investment
Commitment Closing,  receive an opinion letter from the Company's legal counsel,
in the  form  attached  as  EXHIBIT  B, or in such  form as  agreed  upon by the
parties,  and shall,  concurrent  with each Put Date,  receive an opinion letter
from the Company's  legal counsel,  in the form attached as EXHIBIT I or in such
form as agreed upon by the parties.

          6.8 REMOVAL OF LEGEND. If the certificates representing any Securities
are  issued  with a  restrictive  Legend  in  accordance  with the terms of this
Agreement, the Legend shall be removed and the Company shall issue a certificate
without such Legend to the holder of any Security upon which it is stamped,  and
a certificate for a security shall be originally  issued without the Legend,  if
(a) the sale of such  Security is  registered  under the Act, or (b) such holder
provides the Company with an opinion of counsel,  in form,  substance  and scope
customary for opinions of counsel in  comparable  transactions  (the  reasonable
cost of which shall be borne by the Investor),  to the effect that a public sale
or transfer of such Security may be made without  registration under the Act, or
(c) such  holder  provides  the Company  with  reasonable  assurances  that such
Security  can be sold  pursuant to Rule 144.  Each  Investor  agrees to sell all
Securities,  including  those  represented  by a  certificate(s)  from which the
Legend has been removed,  or which were  originally  issued  without the Legend,
pursuant to an effective  registration  statement and to deliver a prospectus in
connection  with  such  sale  or  in  compliance  with  an  exemption  from  the
registration requirements of the Act.

          6.9 LISTING. Subject to the remainder of this Section 6.9, the Company
shall ensure that its shares of Common Stock  (including  all Warrant Shares and
Put Shares) are listed and available for trading on the O.T.C.  Bulletin  Board.
Thereafter,  the Company  shall (i) use its best efforts to continue the listing
and  trading  of its  Common  Stock on the  O.T.C.  Bulletin  Board or to become
eligible  for and  listed and  available  for  trading  on the Nasdaq  Small Cap
Market, the NMS, or the New York Stock Exchange ("NYSE"); and (ii) comply in all
material  respects with the Company's  reporting,  filing and other  obligations
under the By-Laws or rules of the National  Association  of  Securities  Dealers
("NASD") and such exchanges, as applicable.

          6.10 THE COMPANY'S  INSTRUCTIONS TO TRANSFER  AGENT.  The Company will
instruct  the  Transfer  Agent of the Common Stock (the  "Transfer  Agent"),  by
delivering  instructions in the form of EXHIBIT T hereto, to issue certificates,
registered in the name of each  Investor or its nominee,  for the Put Shares and
Warrant  Shares in such  amounts as  specified  from time to time by the Company
upon any exercise by the Company of a Put and/or exercise of the Warrants by the
holder thereof. Such certificates shall not bear a Legend unless issuance with a
Legend is permitted  by the terms of this  Agreement  and Legend  removal is not
permitted by Section 6.8 hereof and the Company  shall cause the Transfer  Agent
to issue  such  certificates  without a Legend.  Nothing in this  Section  shall
affect in any way  Investor's  obligations  and  agreement set forth in Sections
3.3.2  or 3.3.3  hereof  to  resell  the  Securities  pursuant  to an  effective
registration  statement and to deliver a prospectus in connection with such sale
or in  compliance  with an  exemption  from  the  registration  requirements  of
applicable  securities  laws.  If (a) an Investor  provides  the Company with an
opinion of counsel,  which  opinion of counsel  shall be in form,  substance and
scope  customary  for  opinions of counsel in  comparable  transactions,  to the

                                       34
<PAGE>
effect that the Securities to be sold or transferred  may be sold or transferred
pursuant  to an  exemption  from  registration  or  (b)  an  Investor  transfers
Securities,  pursuant  to Rule  144,  to a  transferee  which  is an  accredited
investor, the Company shall permit the transfer,  and, in the case of Put Shares
and Warrant  Shares,  promptly  instruct its transfer agent to issue one or more
certificates  in  such  name  and in  such  denomination  as  specified  by such
Investor.  The  Company  acknowledges  that a  breach  by it of its  obligations
hereunder will cause irreparable harm to an Investor by vitiating the intent and
purpose  of  the  transaction  contemplated  hereby.  Accordingly,  the  Company
acknowledges  that the remedy at law for a breach of its obligations  under this
Section  6.10  will be  inadequate  and  agrees,  in the  event of a  breach  or
threatened breach by the Company of the provisions of this Section 6.10, that an
Investor shall be entitled,  in addition to all other available remedies,  to an
injunction restraining any breach and requiring immediate issuance and transfer,
without the  necessity  of showing  economic  loss and without any bond or other
security being required.

          6.11  STOCKHOLDER  20% APPROVAL.  Prior to the closing of any Put that
would cause the Aggregate Issued Shares to exceed the Cap Amount, if required by
the rules of NASDAQ because the Company's Common Stock is listed on NASDAQ,  the
Company shall obtain approval of its  stockholders to authorize (i) the issuance
of the full number of shares of Common Stock which would be issuable pursuant to
this  Agreement  but for the Cap Amount and  eliminate  any  prohibitions  under
applicable law or the rules or regulations  of any stock  exchange,  interdealer
quotation system or other  self-regulatory  organization  with jurisdiction over
the Company or any of its  securities  with respect to the Company's  ability to
issue shares of Common Stock in excess of the Cap Amount (such  approvals  being
the "Stockholder 20% Approval").

          6.12 PRESS RELEASE. Any public announcement relating to this financing
(a "Press  Release")  shall be submitted to the Investor for review at least two
(2) business days prior to the planned  release.  The Company shall not disclose
the Investor's  name in any press release or other public  announcement  without
the Investor's prior written  approval.  The Company shall obtain the Investor's
written approval of the Press Release prior to issuance by the Company.

          6.13  CHANGE IN LAW OR  POLICY.  In the  event of a change in law,  or
policy  of the  SEC,  as  evidenced  by a  No-Action  letter  or  other  written
statements  of the SEC or the NASD  which  causes the  Investor  to be unable to
perform  its  obligations  hereunder,  this  Agreement  shall  be  automatically
terminated and no Termination  Fee shall be due,  provided that  notwithstanding
any  termination  under this  section  6.13,  the  Investor  shall  retain  full
ownership of the Commitment Warrant as partial  consideration for its commitment
hereunder.

          6.14. NOTICE OF CERTAIN EVENTS AFFECTING  REGISTRATION;  SUSPENSION OF
RIGHT TO MAKE A PUT. The Company shall immediately  notify the Investor,  but in
no event later than two (2) business days by facsimile and by overnight courier,
upon the occurrence of any of the following  events in respect of a Registration
Statement  or  related  prospectus  in  respect of an  offering  of  Registrable
Securities:  (i) receipt of any request for additional information by the SEC or
any  other  federal  or  state  governmental  authority  during  the  period  of
effectiveness of the Registration Statement for amendments or supplements to the
Registration  Statement or related  prospectus;  (ii) the issuance by the SEC or
any other federal or state  governmental  authority of any stop order suspending
the  effectiveness  of  a  Registration  Statement  or  the  initiation  of  any
proceedings for that purpose;  (iii) receipt of any notification with respect to

                                       35
<PAGE>
the suspension of the  qualification  or exemption from  qualification of any of
the  Registrable  Securities for sale in any  jurisdiction  or the initiation or
threatening of any proceeding for such purpose;  (iv) the happening of any event
that  makes  any  statement  made  in such  Registration  Statement  or  related
prospectus or any document  incorporated or deemed to be incorporated therein by
reference  untrue in any  material  respect or that  requires  the making of any
changes in the Registration Statement,  related prospectus or documents so that,
in the  case  of a  Registration  Statement,  it will  not  contain  any  untrue
statement of a material  fact or omit to state any material  fact required to be
stated therein or necessary to make the statements  therein not misleading,  and
that in the case of the  related  prospectus,  it will not  contain  any  untrue
statement of a material  fact or omit to state any material  fact required to be
stated therein or necessary to make the statements  therein, in the light of the
circumstances under which they were made, not misleading; (v) the declaration by
the SEC of the effectiveness of a Registration Statement; and (vi) the Company's
reasonable  determination  that a  post-effective  amendment to the Registration
Statement would be appropriate, and the Company shall promptly make available to
the Investor any such  supplement  or amendment to the related  prospectus.  The
Company shall not deliver to the Investor any Put Notice during the continuation
of any of the foregoing events.

          6.15 ACKNOWLEDGMENT  REGARDING  INVESTOR'S PURCHASE OF THE SECURITIES.
The Company  acknowledges  and agrees that the Investor is acting  solely in the
capacity of arm's length purchaser with respect to the Transaction Documents and
the  transactions   contemplated   hereby  and  thereby.   The  Company  further
acknowledges that the Investor is not acting as a financial advisor or fiduciary
of the Company  (or in any similar  capacity)  with  respect to the  Transaction
Documents and the  transactions  contemplated  hereby and thereby and any advice
given by the Investor or any of its representatives or agents in connection with
the Transaction  Documents and the transactions  contemplated hereby and thereby
is merely incidental to the Investor's  purchase of the Securities.  The Company
further represents to the Investor that the Company's decision to enter into the
Transaction Documents has been based solely on the independent evaluation by the
Company and its representatives and advisors.

          6.16.  LIQUIDATED  DAMAGES.  The parties hereto  acknowledge and agree
that the sums  payable  as  Non-Usage  Fees,  Termination  Fees and  Ineffective
Registration  Payments  shall  each  give  rise to  liquidated  damages  and not
penalties.  The  parties  further  acknowledge  that (a) the  amount  of loss or
damages  likely to be incurred by the  Investor is  incapable or is difficult to
precisely estimate,  (b) the amounts specified bear a reasonable  proportion and
are not plainly or grossly  disproportionate  to the probable  loss likely to be
incurred by the Investor, and (c) the parties are sophisticated business parties
and have been represented by sophisticated  and able legal and financial counsel
and negotiated this Agreement at arm's length.

          6.17.  COPIES OF FINANCIAL  STATEMENTS,  REPORTS AND PROXY STATEMENTS.
Promptly upon the mailing thereof to the shareholders of the Company  generally,
the Company  shall deliver to the Investor  copies of all financial  statements,
reports  and  proxy  statements  so  mailed  and any  other  document  generally
distributed to shareholders.

                                       36
<PAGE>
          6.18.   NOTICE  OF  CERTAIN   LITIGATION.   Promptly   following   the
commencement  thereof, the Company shall provide the Investor written notice and
a description in reasonable  detail of any litigation or proceeding to which the
Company  or any  subsidiary  of the  Company  is a party,  in which  the  amount
involved is $250,000 or more and which is not covered by  insurance  or in which
injunctive or similar relief is sought.

     7. MISCELLANEOUS.

          7.1 REPRESENTATIONS AND WARRANTIES SURVIVE THE CLOSING;  SEVERABILITY.
Investor's and the Company's  representations  and warranties  shall survive the
Investment   Date  and  any  Put   Closing   contemplated   by  this   Agreement
notwithstanding  any due  diligence  investigation  made by or on  behalf of the
party seeking to rely thereon. In the event that any provision of this Agreement
becomes or is  declared  by a court of  competent  jurisdiction  to be  illegal,
unenforceable  or void,  or is  altered  by a term  required  by the  Securities
Exchange Commission to be included in the Registration Statement, this Agreement
shall continue in full force and effect without said provision; provided that if
the removal of such provision  materially  changes the economic  benefit of this
Agreement to the Investor, this Agreement shall terminate.

          7.2 SUCCESSORS AND ASSIGNS.  This Agreement shall not be assignable by
either party.

          7.3  EXECUTION  IN  COUNTERPARTS  PERMITTED.  This  Agreement  may  be
executed  in any  number of  counterparts,  each of which  shall be  enforceable
against the  parties  actually  executing  such  counterparts,  and all of which
together shall constitute one (1) instrument.

          7.4 TITLES AND  SUBTITLES;  GENDER.  The titles and subtitles  used in
this  Agreement  are used for  convenience  only and are not to be considered in
construing  or  interpreting  this  Agreement.  The use in this  Agreement  of a
masculine,  feminine or neuter pronoun shall be deemed to include a reference to
the others.

          7.5 WRITTEN  NOTICES,  ETC. Any notice,  demand or request required or
permitted  to be given by the Company or Investor  pursuant to the terms of this
Agreement  shall  be in  writing  and  shall  be  deemed  given  when  delivered
personally,  or by  facsimile  or upon  receipt if by  overnight  or two (2) day
courier,  addressed to the parties at the addresses and/or  facsimile  telephone
number of the  parties  set  forth at the end of this  Agreement  or such  other
address as a party may  request by  notifying  the other in  writing;  provided,
however,  that in order for any notice to be effective  as to the Investor  such
notice shall be delivered  and sent, as specified  herein,  to all the addresses
and  facsimile  telephone  numbers of the  Investor set forth at the end of this
Agreement or such other address and/or  facsimile  telephone  number as Investor
may request in writing.

          7.6  EXPENSES.   Except  as  set  forth  in  the  Registration  Rights
Agreement,  each of the Company and  Investor  shall pay all costs and  expenses
that  it  respectively  incurs,  with  respect  to the  negotiation,  execution,
delivery and performance of this Agreement.

          7.7 ENTIRE AGREEMENT;  WRITTEN  AMENDMENTS  REQUIRED.  This Agreement,
including  the Exhibits  attached  hereto,  the Common Stock  certificates,  the
Warrants,  the Registration Rights Agreement,  and the other documents delivered
pursuant  hereto  constitute  the full and entire  understanding  and  agreement
between the parties with regard to the subjects hereof and thereof, and no party
shall be  liable or bound to any other  party in any  manner by any  warranties,

                                       37
<PAGE>
representations  or covenants,  whether oral,  written,  or otherwise  except as
specifically set forth herein or therein.  Except as expressly  provided herein,
neither this Agreement nor any term hereof may be amended, waived, discharged or
terminated other than by a written  instrument  signed by the party against whom
enforcement of any such amendment, waiver, discharge or termination is sought.

          7.8  ACTIONS AT LAW OR EQUITY;  JURISDICTION  AND VENUE.  The  parties
acknowledge that any and all actions,  whether at law or at equity,  and whether
or not said actions are based upon this  Agreement  between the parties  hereto,
shall be filed in any  state or  federal  court  sitting  in  Atlanta,  Georgia.
Georgia law shall govern both the proceeding as well as the  interpretation  and
construction of the Transaction Documents and the transaction as a whole. In any
litigation  between the parties  hereto,  the prevailing  party, as found by the
court,  shall be entitled to an award of all attorney's fees and costs of court.
Should the court  refuse to find a prevailing  party,  each party shall bear its
own legal fees and costs.

          7.9 REPORTING ENTITY FOR THE COMMON STOCK. The reporting entity relied
upon for the  determination of the trading price or trading volume of the Common
Stock on the Principal  Market on any given Trading Day for the purposes of this
Agreement shall be the Bloomberg L.P. The written mutual consent of the Investor
and the Company shall be required to employ any other reporting entity.

     8. SUBSCRIPTION AND WIRING INSTRUCTIONS; IRREVOCABILITY.

          (a)  WIRE TRANSFER OF SUBSCRIPTION  FUNDS.  Investor shall deliver Put
               Dollar  Amounts (as payment  towards any Put Share Price) by wire
               transfer, to the Company pursuant to a wire instruction letter to
               be provided by the Company, and signed by the Company.

          (b)  IRREVOCABLE   SUBSCRIPTION.   Investor  hereby  acknowledges  and
               agrees,   subject  to  the  provisions  of  any  applicable  laws
               providing  for the refund of  subscription  amounts  submitted by
               Investor, that this Agreement is irrevocable and that Investor is
               not entitled to cancel, terminate or revoke this Agreement or any
               other agreements executed by such Investor and delivered pursuant
               hereto,  and that this Agreement and such other  agreements shall
               survive the death or  disability  of such  Investor  and shall be
               binding  upon and inure to the  benefit of the  parties and their
               heirs,    executors,     administrators,     successors,    legal
               representatives and assigns. If the Securities subscribed for are
               to be owned by more than one person,  the obligations of all such
               owners under this Agreement  shall be joint and several,  and the
               agreements,   representations,   warranties  and  acknowledgments
               herein  contained  shall be deemed  to be made by and be  binding
               upon each such person and his heirs,  executors,  administrators,
               successors, legal representatives and assigns.

                                       38
<PAGE>
     9. INDEMNIFICATION AND REIMBURSEMENT.

               (a) INDEMNIFICATION. In consideration of the Investor's execution
and delivery of the Investment Agreement,  the Registration Rights Agreement and
the  Warrants  (the  "Transaction   Documents")  and  acquiring  the  Securities
thereunder and in addition to all of the Company's other  obligations  under the
Transaction  Documents,  the Company shall defend,  protect,  indemnify and hold
harmless Investor and all of its stockholders,  officers,  directors,  employees
and direct or  indirect  investors  and any of the  foregoing  person's  agents,
members, partners or other representatives (including, without limitation, those
retained in connection  with the  transactions  contemplated  by this Agreement)
(collectively,  the "Indemnitees") from and against any and all actions,  causes
of action,  suits,  claims,  losses,  costs,  penalties,  fees,  liabilities and
damages, and expenses in connection therewith  (irrespective of whether any such
Indemnitee  is a party to the  action  for which  indemnification  hereunder  is
sought),  and  including  reasonable  attorney's  fees  and  disbursements  (the
"Indemnified  Liabilities"),  incurred  by any  Indemnitee  as a result  of,  or
arising  out of,  or  relating  to (a) any  misrepresentation  or  breach of any
representation  or warranty made by the Company in the Transaction  Documents or
any other certificate,  instrument or documents  contemplated hereby or thereby,
(b) any breach of any covenant, agreement or obligation of the Company contained
in the Transaction  Documents or any other  certificate,  instrument or document
contemplated  hereby  or  thereby,  (c) any  cause  of  action,  suit or  claim,
derivative or otherwise,  by any stockholder of the Company based on a breach or
alleged  breach by the  Company or any of its  officers  or  directors  of their
fiduciary or other obligations to the stockholders of the Company, or (d) claims
made by third  parties  against any of the  Indemnitees  based on a violation of
Section 5 of the Securities Act caused by the integration of the private sale of
common  stock  to  the  Investor  and  the  public  offering   pursuant  to  the
Registration Statement.

     To  the  extent  that  the  foregoing  undertaking  by the  Company  may be
unenforceable for any reason, the Company shall make the maximum contribution to
the payment and  satisfaction  of each of the Indemnified  Liabilities  which it
would be required to make if such foregoing undertaking was enforceable which is
permissible under applicable law.

     Promptly  after  receipt  by  an   Indemnified   Party  of  notice  of  the
commencement of any action pursuant to which indemnification may be sought, such
Indemnified  Party will, if a claim in respect thereof is to be made against the
other party  (hereinafter  "Indemnitor")  under this  Section 9,  deliver to the
Indemnitor a written notice of the commencement thereof and the Indemnitor shall
have the right to participate in and to assume the defense  thereof with counsel
reasonably selected by the Indemnitor,  provided,  however,  that an Indemnified
Party  shall  have the  right to retain  its own  counsel,  with the  reasonably
incurred  fees and  expenses of such  counsel to be paid by the  Indemnitor,  if
representation  of  such  Indemnified  Party  by  the  counsel  retained  by the
Indemnitor  would be  inappropriate  due to actual  or  potential  conflicts  of
interest between such Indemnified  Party and any other party represented by such
counsel  in such  proceeding.  The  failure  to  deliver  written  notice to the
Indemnitor  within a reasonable time of the commencement of any such action,  if
prejudicial to the Indemnitor's ability to defend such action, shall relieve the
Indemnitor of any liability to the  Indemnified  Party under this Section 9, but
the omission to so deliver  written notice to the Indemnitor will not relieve it
of any liability that it may have to any Indemnified Party other than under this
Section 9 to the extent it is prejudicial.

               (b) REIMBURSEMENT.  If (i) the Investor,  other than by reason of
its gross negligence or willful misconduct,  becomes involved in any capacity in
any  action,  proceeding  or  investigation  brought by any  stockholder  of the
Company,  in  connection  with  or  as a  result  of  the  consummation  of  the

                                       39
<PAGE>
transactions  contemplated by the Transaction  Documents,  or if the Investor is
impleaded  in any such  action,  proceeding  or  investigation  by any person or
entity,  or (ii) the Investor,  other than by reason of its gross  negligence or
willful misconduct,  becomes involved in any capacity in any action,  proceeding
or  investigation  brought by the SEC  against or  involving  the  Company or in
connection  with  or  as a  result  of  the  consummation  of  the  transactions
contemplated  by the Transaction  Documents,  or if the Investor is impleaded in
any such action,  proceeding or investigation  by any person or entity,  then in
any such case, the Company will reimburse the Investor for its reasonable  legal
and other expenses  (including the cost of any  investigation  and preparation )
incurred in connection  therewith,  as such expenses are incurred.  In addition,
other than with  respect to any matter in which the  Investor is a named  party,
the Company will pay the Investor the charges,  as reasonably  determined by the
Investor,  for the time of any officers or employees of the Investor  devoted to
appearing  and preparing to appear as witnesses,  assisting in  preparation  for
hearing,  trials or pretrial  matters,  or otherwise  with respect to inquiries,
hearing,  trials,  and other proceedings  relating to the subject matter of this
Agreement.  The  reimbursement  obligations  of the Company under this paragraph
shall be in addition to any  liability  which the  Company may  otherwise  have,
shall  extend  upon the same  terms  and  conditions  to any  Affiliates  of the
Investor who are actually named in such action, proceeding or investigation, and
partners,  directors, agents, employees and controlling persons (if any), as the
case may be, of the Investor and any such  Affiliate,  and shall be binding upon
and  inure  to the  benefit  of any  successors,  assigns,  heirs  and  personal
representatives of the Company, the Investor and any such Affiliate and any such
person or entity. The Company also agrees that neither the Investor nor any such
Affiliate,  partners,  directors, agents, employees or controlling persons shall
have any liability to the Company or any person asserting claims on behalf of or
in right of the Company in connection with or as a result of the consummation of
the Transaction Documents except to the extent that any losses, claims, damages,
liabilities or expenses incurred by the Company result from the gross negligence
or willful misconduct of the Investor or any inaccuracy in any representation or
warranty of the Investor  contained  herein or any breach by the Investor of any
of the provisions hereof.

                                       40
<PAGE>
     10.  ACCREDITED  INVESTOR.  Investor is an  "accredited  investor"  because
(check all applicable boxes):

          (a)  [ ]  it is an organization  described in Section 501(c)(3) of the
                    Internal  Revenue Code, or a corporation,  limited  duration
                    company,  limited  liability  company,  business  trust,  or
                    partnership not formed for the specific purpose of acquiring
                    the  securities  offered,  with  total  assets  in excess of
                    $5,000,000.

          (b)  [ ]  any trust,  with total assets in excess of  $5,000,000,  not
                    formed for the specific  purpose of acquiring the securities
                    offered,  whose  purchase  is  directed  by a  sophisticated
                    person who has such  knowledge  and  experience in financial
                    and business  matters that he is capable of  evaluating  the
                    merits and risks of the prospective investment.

          (c)  [ ]  a natural person, who

               [ ]  is  a director,  executive officer or general partner of the
                    issuer  of  the  securities  being  offered  or  sold  or  a
                    director,  executive officer or general partner of a general
                    partner of that issuer.

               [ ]  has an  individual  net worth,  or joint net worth with that
                    person's  spouse,  at the  time  of his  purchase  exceeding
                    $1,000,000.

               [ ]  had an  individual  income in excess of  $200,000 in each of
                    the two most recent years or joint income with that person's
                    spouse in excess of  $300,000 in each of those years and has
                    a reasonable  expectation  of reaching the same income level
                    in the current year.

          (d)  [ ]  an entity each equity owner of which is an entity  described
                    in a - b above or is an  individual  who could check one (1)
                    of the last three (3) boxes under subparagraph (c) above.

         (e)   [ ]  other [specify] ___________________________________________.

                                       41
<PAGE>
     The  undersigned   hereby   subscribes  the  Maximum  Offering  Amount  and
acknowledges that this Agreement and the subscription  represented  hereby shall
not be effective unless accepted by the Company as indicated below.

     IN WITNESS  WHEREOF,  the  undersigned  Investor does represent and certify
under penalty of perjury that the foregoing  statements are true and correct and
that Investor by the following signature(s) executed this Agreement.

Dated this 2nd day of MARCH, 2001.

SWARTZ PRIVATE EQUITY, LLC

By: /s/ Eric S. Swartz
   --------------------------------
   Eric S. Swartz, Manager

SECURITY DELIVERY INSTRUCTIONS:
Swartz Private Equity, LLC
c/o Eric S. Swartz
300 Colonial Center Parkway
Suite 300
Roswell, GA 30076
Telephone: (770) 640-8130

THIS AGREEMENT IS ACCEPTED BY THE COMPANY IN THE AMOUNT OF THE MAXIMUM  OFFERING
AMOUNT ON THE 2ND DAY OF MARCH, 2001.

                                        DIMENSIONAL VISIONS INCORPORATED

                                        By: /s/ John D. McPhilimy
                                           -------------------------------------
                                           John D. McPhilimy, President

                                        Address:
                                              Attn: John D. McPhilimy, President
                                              2301 W. Dunlap Ave., Ste. 207
                                              Phoenix, AZ  85021
                                              Telephone (602) 997-1990
                                              Facsimile  (602) 997-5658

                                       42
<PAGE>
                               ADVANCE PUT NOTICE

DIMENSIONAL VISIONS INCORPORATED (the "Company") hereby intends,  subject to the
Individual  Put Limit (as  defined  in the  Investment  Agreement),  to elect to
exercise  a Put to sell the  number of shares  of  Common  Stock of the  Company
specified  below,  to  _____________________________,  the  Investor,  as of the
Intended  Put Date  written  below,  all  pursuant  to that  certain  Investment
Agreement  (the  "Investment  Agreement")  by and between the Company and Swartz
Private Equity, LLC dated on or about March 2, 2001.

                       Date of Advance Put Notice: ___________________

                       Intended Put Date: ____________________________

                       Intended Put Share Amount: ____________________

                       Company Designation Maximum Put Dollar Amount (Optional):

                       --------------------------------------------------------.

                       Company Designation Minimum Put Share Price (Optional):

                       --------------------------------------------------------.

                                        DIMENSIONAL VISIONS INCORPORATED

                                        By:
                                           -------------------------------------
                                           John D. McPhilimy, President

                                        Address:
                                              Attn: John D. McPhilimy, President
                                              2301 W. Dunlap Ave., Ste. 207
                                              Phoenix, AZ  85021
                                              Telephone (602) 997-1990
                                              Facsimile  (602) 997-5658

                                       43

                                   EXHIBIT E
<PAGE>
                       CONFIRMATION of ADVANCE PUT NOTICE

_________________________________,  the  Investor,  hereby  confirms  receipt of
DIMENSIONAL  VISIONS  INCORPORATED's  (the "Company")  Advance Put Notice on the
Advance Put Date written below,  and its intention to elect to exercise a Put to
sell shares of common stock  ("Intended Put Share Amount") of the Company to the
Investor,  as of the  intended  Put Date  written  below,  all  pursuant to that
certain  Investment  Agreement (the  "Investment  Agreement") by and between the
Company and Swartz Private Equity, LLC dated on or about March 2, 2001.

                   Date of Confirmation: _____________________

                   Date of Advance Put Notice: _______________

                   Intended Put Date: ________________________

                   Intended Put Share Amount: ________________

                   Company Designation Maximum Put Dollar Amount (Optional):

                   ------------------------------------------------------------.

                   Company Designation Minimum Put Share Price (Optional):

                   ------------------------------------------------------------.

                                        INVESTOR(S)

                                        ----------------------------------------
                                        Investor's Name

                                        By:
                                           -------------------------------------
                                          (Signature)
                                        Address:
                                                --------------------------------

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

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

                                        Telephone No.:
                                                      --------------------------

                                        Facsimile No.:
                                                      --------------------------

                                       44

                                    EXHIBIT F
<PAGE>
                                   PUT NOTICE

DIMENSIONAL VISIONS INCORPORATED (the "Company") hereby elects to exercise a Put
to  sell   shares  of  common   stock   ("Common   Stock")  of  the  Company  to
_____________________________,  the  Investor,  as of the Put  Date,  at the Put
Share Price and for the number of Put Shares written below, all pursuant to that
certain  Investment  Agreement (the  "Investment  Agreement") by and between the
Company and Swartz Private Equity, LLC dated on or about March 2, 2001.

                   Put Date: _________________

                   Intended Put Share Amount (from Advance Put Notice):
                   _________________  Common Shares

                   Company Designation Maximum Put Dollar Amount (Optional):

                   ------------------------------------------------------------.

                   Company Designation Minimum Put Share Price (Optional):

                   ------------------------------------------------------------.

Note:  Capitalized  terms  shall  have  the  meanings  ascribed  to them in this
Investment Agreement.

                                        DIMENSIONAL VISIONS INCORPORATED

                                        By:
                                           -------------------------------------
                                           John D. McPhilimy, President

                                        Address:
                                              Attn: John D. McPhilimy, President
                                              2301 W. Dunlap Ave., Ste. 207
                                              Phoenix, AZ  85021
                                              Telephone (602) 997-1990
                                              Facsimile  (602) 997-5658

                                       45
<PAGE>
                           CONFIRMATION of PUT NOTICE

_________________________________,  the  Investor,  hereby  confirms  receipt of
Dimensional  Visions  Incorporated  (the  "Company")  Put Notice and election to
exercise  a Put to  sell  ___________________________  shares  of  common  stock
("Common Stock") of the Company to Investor, as of the Put Date, all pursuant to
that certain  Investment  Agreement (the "Investment  Agreement") by and between
the Company and Swartz Private Equity, LLC dated on or about March 2, 2001.

                   Date of Confirmation: _____________________

                   Date of Advance Put Notice: _______________

                   Put Date: _________________________________

                   Intended Put Share Amount: ________________

                   Company Designation Maximum Put Dollar Amount (Optional):

                   ------------------------------------------------------------.

                   Company Designation Minimum Put Share Price (Optional):

                   ------------------------------------------------------------.

                                        INVESTOR(S)

                                        ----------------------------------------
                                        Investor's Name

                                        By:
                                           -------------------------------------
                                          (Signature)
                                        Address:
                                                --------------------------------

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

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

                                        Telephone No.:
                                                      --------------------------

                                        Facsimile No.:
                                                      --------------------------

                                   EXHIBIT G

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}]]