Document:

Exhibit 4.11

                          Common Stock Purchase Warrant

THESE SECURITIES AND THE SECURITIES  ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES  ACT"),
AND SUCH SECURITIES MAY NOT BE OFFERED,  SOLD, PLEDGED OR OTHERWISE  TRANSFERRED
IN THE ABSENCE OF AN  EFFECTIVE  REGISTRATION  STATEMENT  RELATED  THERETO OR AN
OPINION OF COUNSEL (WHICH MAY BE COMPANY COUNSEL) REASONABLY SATISFACTORY TO THE
COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED OR ANY APPLICABLE STATE SECURITIES LAWS.

                       MULTI-LINK TELECOMMUNICATIONS, INC.

                          COMMON STOCK PURCHASE WARRANT

June 30, 2000                                               Certificate Number 1

     THIS IS TO CERTIFY that GLENAYRE  TECHNOLOGIES,  INC., and its transferees,
successors   and  assigns   (the   "Warrantholder"),   for  good  and   valuable
consideration,  the receipt and sufficiency of which are hereby acknowledged, is
entitled  to  purchase  from  MULTI-LINK  TELECOMMUNICATIONS,  INC.,  a Colorado
corporation (the "Company"), at an initial Exercise Price of $14.3625 per share,
subject to adjustment as provided herein,  One Hundred Thousand (100,000) shares
(the "Aggregate  Number") of the fully paid and nonassessable  Common Stock. The
Aggregate Number is subject to adjustment or reduction as set forth in Section 4
of this Common Stock Purchase Warrant (this "Warrant").

     SECTION 1.  Definitions.  As used herein,  in addition to the terms defined
elsewhere herein, the following terms shall have the following meanings:

     "Affiliate"  means,  with  respect  to any  Person,  any other  Person  (1)
directly or indirectly  controlling or controlled by or under direct or indirect
common control with, such Person or (2) directly or indirectly owning or holding
25% or more of the equity  interest in such Person;  provided,  that in no event
shall the Warrantholder (or any Affiliate of the  Warrantholder) be deemed to be
an Affiliate of the Company.  For purposes of this  definition,  "control"  when
used with  respect to any Person  means the power to direct the  management  and
policies of such Person,  directly or indirectly,  whether through the ownership
of voting securities,  by contract or otherwise;  and the term "controlling" and
"controlled" have meanings correlative to the foregoing.

     "Aggregate  Number" has the meaning assigned thereto in the first paragraph
hereof.

     "Articles  of  Incorporation"  means the Articles of  Incorporation  of the
Company, as amended or supplemented from time to time.

     "Business Day" means any day other than a Saturday,  Sunday or other day on
which  commercial  banks  in  Colorado  are  authorized  or  required  by law or
executive order to close.

     "Commission"  means the Securities  and Exchange  Commission or any similar
agency then having jurisdiction to enforce the Securities Act.

     "Common Stock" means  collectively (1) the no par value common stock of the
Company,  as described in the Articles of Incorporation,  (2) any other class of
capital stock hereinafter  authorized having the right to share in distributions
either of earnings or assets  without limit as to amount or  percentage  and (3)
any other  capital  stock  into  which  such  Common  Stock is  reclassified  or
reconstituted.

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     "Convertible  Securities" means evidences of indebtedness,  shares of stock
or other  securities  which,  directly or indirectly,  are  exchangeable  for or
exercisable or convertible into Common Stock.

     "Current  Market  Price"  shall  refer to the per share value of the Common
Stock and shall mean,  with  respect to the value of a share of Common  Stock on
any Business Day,  (1)(A) if the Common Stock is Publicly  Traded at the time of
determination, the average of the closing prices on such day of the Common Stock
on all domestic  securities  exchanges on which the Common Stock is then listed,
or (B) if there have been no sales on any such exchange on such day, the average
of the highest bid and lowest asked  prices on all such  exchanges at the end of
such day or (C) if on any  such  day the  Common  Stock  is not so  listed,  the
average of the  representative  bid and asked prices quoted on NASDAQ as of 4:00
P.M.  New York  time,  on such day,  or (D) if on any day such  security  is not
quoted on NASDAQ, the average of the highest bid and lowest asked prices on such
day in  the  domestic  over-the-counter  market  as  reported  by  the  National
Quotation Bureau, Incorporated,  or any similar successor organization,  in each
such case averaged (using the price determined under clause (A), (B), (C) or (D)
for a particular day) over a period of 20 days consisting of the day as of which
"Current Market Price" is being determined and the 19 consecutive  Business Days
prior to such day; or (2) if the Common Stock is not Publicly Traded at the time
of  determination,  the value determined in good faith by the Board of Directors
of the Company based on the per share price for which all the outstanding shares
of Common  Stock (on a Fully  Diluted  basis,  assuming  receipt  of  applicable
consideration  for any  conversion,  exchange  or  exercise  of any  Convertible
Securities or Options which are  exchangeable  for or convertible or exercisable
into  Common  Stock  unless  they  are  Out of the  Money)  could  be sold in an
arm's-length  transaction  to a third party which is not an Affiliate,  treating
the Company and its Subsidiaries as a going concern and assuming such sales were
between a willing buyer and a willing  seller and without regard to any discount
for minority interest, restrictions on transfer or lack of marketability.

     "Exercise  Price"  means the price per share of Common  Stock (or price per
share of Other  Securities) at which the Common Stock (or Other  Securities) are
purchasable  pursuant  to  this  Warrant.  The  Exercise  Price  is  subject  to
adjustment as provided herein.

     "Expiration Date" means the fifth anniversary of the date hereof.

     "Fully Diluted" means, with respect to the Common Stock, as of a particular
time the total outstanding shares of Common Stock as of such time, determined by
treating all outstanding Options,  warrants and other rights for the purchase or
other  acquisition  of shares of Common  Stock  (whether  or not then vested and
exercisable and whether or not Out of the Money) as having been exercised and by
treating all outstanding  securities directly or indirectly  convertible into or
exchangeable  for shares of Common  Stock  (whether or not then  exercisable  or
convertible  and whether or not Out of the Money) as having been so converted or
exchanged.

     "Option" shall mean any warrant,  option or other right to subscribe for or
purchase a specified security of the Company.

     "Other Securities" shall mean any stock and other securities of the Company
or any other Person (corporate or otherwise) which the Warrantholder at any time
shall be entitled to receive,  upon the  exercise of this Warrant or pursuant to
Section 4 hereof, in lieu of or in addition to Common Stock.

     "Out of the  Money"  means (1) in the case of an Option,  that the  Current
Market Price of the shares of Common Stock, which the holder thereof is entitled
to purchase or subscribe for is less than the exercise  price of such Option and
(2) in the case of a  Convertible  Security,  that the quotient  resulting  from
dividing the face value of such Convertible  Security by the number of shares of
Common  Stock  into or for  which  such  Convertible  Security  is  exercisable,
convertible or  exchangeable is greater than the Current Market Price of a share
of Common Stock.

     "Principal  Office"  means the Company's  principal  office as set forth in
Section 14(a) hereof or such other principal office of the Company in the United
States of  America  the  address of which  first  shall have been set forth in a
notice to the Warrantholder.

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     "Publicly Traded" means,  with respect to any security,  that such security
is (1) listed on a  domestic  securities  exchange,  (2) quoted on NASDAQ or (3)
traded in the domestic over-the-counter market, which trades are reported by the
National Quotation Bureau, Incorporated.

     "Securities  Purchase  Agreement" means the Securities  Purchase Agreement,
dated as of the date hereof, between the Warrantholder and the Company.

     "Warrant Shares" means (1) the shares of Common Stock that have been issued
upon  exercise of this Warrant in  accordance  with its terms and, (2) all other
shares of the Company's  capital stock issued with respect to such shares by way
of stock dividend,  stock split or other  reclassification or in connection with
any merger,  consolidation,  recapitalization or other reorganization  affecting
the  Company's  capital  stock,  or  acquired  by way of any rights  offering or
similar offering made in respect of the capital stock referred to in this clause
(2) or the foregoing clause (1).

     SECTION 2. Exercise  Price.  The initial  Exercise Price is $14.3625 and is
subject to adjustment  pursuant to Section 4 in connection with an adjustment of
the Aggregate Number.

     SECTION 3. Exercise.

     (a) Right to Exercise;  Exercise Amount.  On or before the Expiration Date,
the  Warrantholder,  in  accordance  with the terms  hereof,  may exercise  this
Warrant  in whole  or in part at any  time by  delivering  this  Warrant  to the
Company  during  normal  business  hours on any  Business  Day at the  Principal
Office,  together with an Election to Purchase,  in the form attached  hereto as
Exhibit A (the  "Election  to  Purchase"),  duly  executed,  and  payment of the
Exercise  Price for each share to be purchased  (with the total number of shares
to be purchased being referred to as the "Exercise  Amount") as specified in the
Election to Purchase.  If the  Expiration  Date is not a Business Day, then this
Warrant may be  exercised on the next  succeeding  Business  Day. The  aggregate
Exercise  Price (the  "Aggregate  Exercise  Price") to be paid for the  Exercise
Amount shall equal the product of (1) the Exercise Amount  multiplied by (2) the
Exercise Price.

     (b) Payment of Aggregate Exercise Price.  Payment of the Aggregate Exercise
Price shall be made to the Company in cash or other immediately available funds.

     (c) Issuance of Shares of Common Stock. Upon receipt by the Company of this
Warrant at the Principal Office in proper form for exercise,  and accompanied by
payment of the Aggregate Exercise Price as aforesaid, the Warrantholder shall be
deemed to be the holder of record of the shares of Common  Stock  issuable  upon
such exercise,  notwithstanding  that  certificates  representing such shares of
Common  Stock may not then be actually  delivered.  Upon such  surrender of this
Warrant and payment of the Aggregate  Exercise  Price as aforesaid,  the Company
shall issue and cause to be delivered with all  reasonable  dispatch to, or upon
the  written  order  of,  the  Warrantholder  (and in such  name or names as the
Warrantholder  may  designate) a certificate  or  certificates  for the Exercise
Amount.

     (d)  Fractional  Shares.  The  Company  shall not be  required  to  deliver
fractions  of shares of Common  Stock  upon  exercise  of this  Warrant.  If any
fraction of a share of Common Stock would be  deliverable  upon exercise of this
Warrant,  the Company  may, in lieu of  delivering  such  fraction of a share of
Common Stock, make a cash payment to the Warrantholder in an amount equal to the
same fraction of the Current Market Price.

     (e) Partial  Exercise.  In the event of a partial exercise of this Warrant,
the  Company  shall  issue to the  Warrantholder  a Warrant in like form for the
unexercised  portion  thereof.  SECTION 4.  Adjustments to Aggregate  Number The
Aggregate  Number shall be subject to adjustment  from time to time as set forth
in this Section 4.

     (a) Adjustments for Stock Dividends,  Subdivisions or Combinations.  In the
event that at any time or from time to time, the Company shall:

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          (i) take a record of the  holders of its Common  Stock for the purpose
     of entitling them to receive a dividend  payable in, or other  distribution
     of, Common Stock (a "Stock Dividend"),

          (ii)  subdivide its  outstanding  shares of Common Stock into a larger
     number of shares of Common Stock (a "Stock Subdivision"), or

          (iii)combine  its  outstanding  shares of Common  Stock into a smaller
     number of shares of Common Stock (a "Stock Combination"),

then  the  Aggregate   Number  in  effect   immediately   prior  thereto  shall,
concurrently with the effectiveness of such Stock Dividend,  Stock Subdivison or
Stock  Combination,  be (1)  proportionately  increased  in the  case of a Stock
Dividend  or a  Stock  Subdivision  (with  the  Exercise  Price  proportionately
decreased) and (2) proportionately  decreased in the case of a Stock Combination
(with the Exercise Price  proportionately  increased).  In the event the Company
shall declare or pay,  without  consideration,  any dividend on the Common Stock
payable  in any right to acquire  Common  Stock for no  consideration,  then the
Company  shall be deemed to have  made a Stock  Dividend  in an amount of shares
equal to the maximum  number of shares  issuable upon exercise of such rights to
acquire Common Stock.

     (b) Adjustments for Other  Distributions.  In case at any time or from time
to time the Company  shall take a record of the holders of its Common  Stock for
the  purpose of  entitling  them to receive any  dividend or other  distribution
(collectively, a "Distribution") of:

          (i) cash,

          (ii) any  evidences  of its  indebtedness,  any shares of its  capital
     stock  (other  than  additional  shares  of  Common  Stock)  or  any  other
     securities or property of any nature whatsoever (other than cash), or

          (iii) any  options or  warrants or other  rights to  subscribe  for or
     purchase  any of the  following:  any  evidences of its  indebtedness,  any
     shares of its capital stock (other than additional  shares of Common Stock)
     or any other securities or property of any nature whatsoever,

then the  Warrantholder  shall be entitled to receive  upon the exercise of this
Warrant at any time on or after the taking of such  record the number of Warrant
Shares to be received upon exercise of this Warrant  determined as stated herein
and,  in  addition  and  without  further  payment,   the  cash,   evidences  of
indebtedness,  stock, securities, other property, options, warrants and/or other
rights  to which  the  Warrantholder  would  have  been  entitled  by way of the
Distribution  and  subsequent  dividends and  distributions  through the date of
exercise as if the  Warrantholder  (1) had  exercised  this Warrant  immediately
prior to such  Distribution  and (2) had retained the Distribution in respect of
the Common Stock and all subsequent  dividends and  distributions  of any nature
whatsoever  in  respect  of any  stock  or  securities  paid  as  dividends  and
distributions and originating directly or indirectly from such Common Stock.

     (c) Adjustments for  Reclassification,  Exchange and  Substitution.  If the
Common Stock  issuable  upon  exercise of this Warrant shall be changed into the
same or a  different  number of shares of any other  class or  classes of stock,
whether by capital reorganization,  reclassification,  merger, share exchange or
otherwise (other than a Stock Dividend,  Stock  Subdivision or Stock Combination
provided for above),  the Aggregate  Number then in effect,  the Exercise  Price
then in effect and the type of security  purchasable  under this Warrant  shall,
concurrently  with the effectiveness of such  reorganization,  reclassification,
merger,  share exchange or other  transaction,  be  appropriately  and equitably
adjusted such that this Warrant shall be exercisable  for, in lieu of the number
of shares of Common  Stock which the  Warrantholder  would  otherwise  have been
entitled  to  receive,  that  number of shares of such other class or classes of
stock  equivalent  to the number of shares of Common  Stock that would have been

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subject  to  receipt  by  the  Warrantholder   upon  exercise  of  this  Warrant
immediately before such change and at an Exercise Price economically  equivalent
to the Exercise Price in effect immediately before such change.

     (d) Consolidation,  Merger,  Share Exchange,  etc. In case a consolidation,
merger or share exchange of the Company shall be effected with another Person on
or after the date hereof, or the sale, lease or transfer of all or substantially
all of its  assets to  another  Person  shall be  effected  on or after the date
hereof,  then, as a condition of such  consolidation,  merger,  share  exchange,
sale, lease or transfer, lawful and adequate provision shall be made whereby the
Warrantholder  shall  thereafter have the right to purchase and receive upon the
basis and upon the terms and  conditions  specified  herein  and in lieu of each
Warrant  Share  immediately  theretofore  purchasable  and  receivable  upon the
exercise  of this  Warrant,  such  shares  of stock,  securities,  cash or other
property receivable upon such consolidation, merger, share exchange, sale, lease
or  transfer  by the  holder of the  number of shares of Common  Stock  issuable
pursuant to this  Warrant  immediately  prior to such  event.  In any such case,
appropriate  and  equitable  provision  also  shall be made with  respect to the
rights and interests of the  Warrantholder to the end that the provisions hereof
shall  thereafter be applicable,  as nearly as may be, in relation to any shares
of stock,  securities,  cash or other property  thereafter  deliverable upon the
exercise of this Warrant.  The Company shall not effect any such  consolidation,
merger,   share   exchange,   sale,   lease  or  transfer  unless  prior  to  or
simultaneously with the consummation thereof the successor Person (if other than
the Company) resulting from such consolidation,  merger or share exchange or the
Person purchasing,  leasing or otherwise  acquiring such assets shall assume, by
written  instrument mailed to the Warrantholder at its last address appearing on
the books of the Company,  the obligation to deliver to the  Warrantholder  such
shares of stock,  securities,  cash or other property as, in accordance with the
foregoing provisions,  the Warrantholder may be entitled to purchase.  The above
provisions   of  this  Section  4(d)  shall   similarly   apply  to   successive
consolidations, mergers, share exchanges, sales, leases or transfers.

     (e)  Certificate as to  Adjustments.  The Company  shall,  upon the written
request at any time by the  Warrantholder,  furnish or cause to be  furnished to
the   Warrantholder   a   certificate   setting  forth  such   adjustments   and
readjustments,  the  Aggregate  Number at the time in effect and the amount,  if
any, of other  property which at the time would be received upon exercise of the
this Warrant.  Upon the  occurrence of each  adjustment or  readjustment  of the
Aggregate  Number  pursuant to this Section 4, the Company at its expense  shall
promptly  compute such  adjustment or  readjustment in accordance with the terms
hereof  and  furnish  to the  Warrantholder  a  certificate  setting  forth such
adjustment  or  readjustment  and  showing  in detail  the facts upon which such
adjustment or readjustment is based.

     (f) Notices of Record Date.  In the event that the Company shall propose at
any time:

          (i) to declare any  dividend or  distribution  upon its Common  Stock,
     whether or not a regular cash  dividend or a dividend  payable in shares of
     capital stock and whether or not out of earnings or earned surplus;

          (ii) to offer for subscription pro rata to the holders of any class or
     series of its stock any additional  shares of stock of any class or series,
     or any other rights;

          (iii)  to  effect  any  reclassification  or  recapitalization  of its
     outstanding Common Stock involving a change in the Common Stock; or

          (iv) to merge or consolidate  with or into any other  corporation,  or
     sell, lease or convey all or substantially all of its property or business,
     or to  liquidate,  dissolve  or wind up or enter  into any share  exchange;
     then,  in  connection  with each such event,  the Company shall send to the
     Warrantholder:

               (A) at least 20 days' prior written notice of the date on which a
          record shall be taken for such dividend,  distribution or subscription
          rights (and  specifying  the date on which the holders of Common Stock
          shall  be  entitled  thereto)  or for  determining  rights  to vote in
          respect of the matters referred to in clauses (iii) and (iv) above and

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          which such notice shall set forth such facts with  respect  thereto as
          shall be reasonably necessary to indicate the effect of such action on
          the Common Stock, if any, and any adjustment which will be required to
          be made to the Aggregate  Number and the Exercise Price as a result of
          such action; and

               (B) in the case of matters  referred to in clauses (iii) and (iv)
          above,  in the event a record  date is taken with  respect to any such
          matter, at least 20 days' prior written notice of such record date or,
          if no such  record  date is  taken,  at least 20 days'  prior  written
          notice of the date when such matters shall take place (and  specifying
          the date on which the  holders of Common  Stock  shall be  entitled to
          exchange their shares of Common Stock for securities or other property
          deliverable upon the occurrence of such event).

     (g) No Dilution or  Impairment.  The Company  will not, by amendment of the
Articles  of  Incorporation  or through  any  reorganization,  recapitalization,
transfer of assets,  consolidation,  merger, share exchange,  dissolution or any
other voluntary action,  avoid or seek to avoid the observance or performance of
any of the terms of this Warrant,  including without  limitation the adjustments
required under this Section 4, and will at all times in good faith assist in the
carrying  out of all such  terms  and in  taking  of all such  action  as may be
necessary or appropriate to protect the rights of the Warrantholder  against the
type or  nature  of  dilution  or  other  impairment  for  which  protection  is
contemplated to be afforded the Warrantholder in this Warrant.

     SECTION 5. Adjustments in Exercise Price.

     (a) If the Company  sells any shares of Common Stock  between June 30, 2000
and December 31, 2000 for Net Consideration Per Share (as defined below) that is
less than  $5.90,  upon  such sale the  Exercise  Price  for this  Warrant  will
concurrently be reduced so that the Net Consideration Per Share paid by Glenayre
in the transactions  contemplated by this agreement and the Securities  Purchase
Agreement equals the lowest Net  Consideration Per Share at which any such share
of Common Stock has been sold during that period.  For purposes of illustration,
the Net Consideration  Per Share for Glenayre's  investment is calculated as set
forth on Exhibit B. In addition,  for purposes of  illustration,  Exhibit C sets
forth  a  list  of  the  applicable   assumption   parameters   underlying  such
calculation.

     (b) "Net  Consideration  Per Share" shall mean the quotient  resulting from
dividing  (x) the excess of the gross  cash  proceeds  raised  through an equity
offering or other sale of Common Stock over the value of any warrants  issued in
such offering  calculated  using the Black Scholes model for valuing warrants by
(y) the total number of shares issued in such equity  offering.  In valuing such
warrants the same  assumption  parameters  used in calculating  the value of the
Warrants in Exhibit B shall be used.

     (c) Prior to issuing any shares of Common  Stock on or before  December 31,
2001 (other than those  described  in  paragraph  (d)) below,  the Company  will
calculate  the Net  Consideration  Per Share for such  issuance  (including  the
valuation  of any  warrants)  and the amount of any  proposed  reduction  in the
Exercise Price for this Warrant as required by paragraph (a) above.  The Company
shall submit such  calculations to Glenayre  (along with  assumption  parameters
used in the Black Scholes  valuation of any  warrants)  for its approval,  which
approval shall not be unreasonably withheld; provided, however, that the Company
shall not be prohibited from completing an issuance because Glenayre has not yet
given its approval.

Notwithstanding the foregoing, there will be no adjustment to the Exercise Price
hereunder  with  respect to (i) the  exercise of stock  options  (pursuant to an
option plan that has been  approved by the board or directors of the Company) to
employees,  directors or consultants of the Company and its  subsidiaries,  (ii)
the  issuance  of  shares  of Common  Stock in  connection  with a merger or the
acquisition of another  business or the assets or customers of another  business
or (iii) the  issuance of shares of Common  Stock upon the exercise of currently
outstanding  warrants.

     SECTION  6.  Warrantholder's  Rights  in Case of Other  Securities.  If the
Warrantholder  at any time shall have  received  or shall be entitled to receive

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Other Securities  pursuant to the terms hereof,  appropriate  provision shall be
made so that the Warrantholder receives with respect to such Other Securities as
nearly as possible the intended benefits of this Warrant with respect thereto.

     SECTION 7. No  Impairment.  The Company (a) will not increase the par value
of any shares of Common Stock receivable on the exercise of this Warrant or take
any other action if as a result thereof such par value would exceed the Exercise
Price  and (b) will  take all such  action  as may be  reasonably  necessary  or
appropriate  so that the Company  may  validly and legally  issue fully paid and
nonassessable shares of Common Stock on the exercise of this Warrant.

     SECTION 8. Reservation to Common Stock and Other Covenants.

     (a) Reservation of Authorized  Common Stock. The Company shall at all times
reserve and keep  available out of the aggregate of its  authorized but unissued
shares,  free of preemptive rights, such number of its duly authorized shares of
Common  Stock,  or other stock or securities  deliverable  pursuant to Section 4
hereof,  as shall be sufficient to enable the Company at any time to fulfill all
of its obligations hereunder.

     (b) Affirmative Actions to Permit Exercise and Realization of Benefits.  If
any  shares of Common  Stock  reserved  or to be  reserved  for the  purpose  of
exercise of this Warrant,  or any shares or other  securities  reserved or to be
reserved  for the  purpose of  issuance  pursuant  to Section 4 hereof,  require
registration with or approval of any governmental authority under any federal or
state law before such shares or other  securities may be validly  delivered upon
exercise of this Warrant,  then the Company  covenants that it will, at its sole
expense, secure such registration or approval, as the case may be. The Company's
obligation  hereunder  shall apply also to approvals or  expirations  of waiting
periods  required under the  Hart-Scott-Rodino  Antitrust  Improvements Act (the
"HSR Act"),  and with respect to any filings  under the HSR Act,  whether by the
Company, the Warrantholder or any other Person, the Company shall bear the costs
of all such filing fees with respect to such filings.

     (c) Validly Issued Shares.  The Company covenants that all shares of Common
Stock that may be  delivered  upon  exercise of this  Warrant  (including  those
issued  pursuant to Section 4 hereof) shall upon delivery by the Company be duly
authorized  and  validly  issued,  fully paid and  nonassessable,  free from all
taxes,  liens and  charges  with  respect to the issue or  delivery  thereof and
otherwise free of all other security  interests,  encumbrances and claims of any
nature whatsoever other than those created by the Warrantholder.

     (d)  Restrictions on  Performance.  The Company shall not at any time after
the date hereof enter into an agreement or other instrument which, by its terms,
restricts  its  ability to perform  its  obligations  hereunder  or making  such
performance  or the issuance of shares of Common Stock upon the exercise of this
Warrant a default under any such agreement or instrument.

     (e)  Modification  of Articles of  Incorporation  and By-Laws.  The Company
shall not amend or  consent  to any  modification,  supplement  or waiver of any
provision of the Articles of  Incorporation  or the bylaws of the Company in any
manner  which  would  have  a  material  adverse  effect  on the  rights  of the
Warrantholder  hereunder  without the prior written consent of the Warrantholder
(which consent shall not be unreasonably withheld or delayed).

     SECTION 9. Transfers of the Warrant.

     (a) Transfer and Exchanges. The Company shall initially record this Warrant
on a register to be  maintained  by the Company  with its other stock books and,
subject to Section 9(b) hereof, from time to time thereafter shall transfer this
Warrant on such register when this Warrant is: (i)  surrendered  for transfer in
accordance with the terms hereof,  and (ii) properly endorsed and accompanied by
appropriate  instructions.  Upon any such  transfer,  a new  Warrant or Warrants
shall be issued to the transferee and the  Warrantholder (in the event that this
Warrant is only  partially  transferred)  and the  surrendered  Warrant shall be
canceled.  Each such transferee  shall succeed to the rights of the transferring
Warrantholder  hereunder  to the extent of such  transfer.  This  Warrant may be
exchanged at the option of a  Warrantholder,  when  surrendered at the Principal

                                       7
<PAGE>

Office of the Company,  for another  Warrant or other Warrants of like tenor and
representing  in the  aggregate the right to purchase a like number of shares of
Common Stock, subject to adjustment as more fully set forth herein.

     (b)  Transfers  Subject  to  Securities  Laws;   Registration  Rights;  and
Securities  Purchase  Agreement.  Subject to the securities law restrictions set
forth in the legend on the first page of this Warrant,  the Warrantholder may at
any time and from time to time  freely  transfer  its  Warrant  and the  Warrant
Shares in whole or in part.  Pursuant to the Registration Rights Agreement dated
as of the date hereof,  between the Company and the  Warrantholder,  the Company
has granted certain  registration rights to the Warrantholder.  This Warrant and
the  Warrant  Shares  are  issued or  issuable  subject  to the  provisions  and
conditions contained herein and in the Securities Purchase Agreement.

     SECTION 10. No Voting  Rights  Prior to the exercise of this  Warrant,  the
Warrantholder  shall  not be  entitled  to  any  voting  or  other  rights  as a
stockholder  of the Company as a result of being a holder of this Warrant except
as expressly provided herein.

     SECTION  11.  Payment  of Taxes  The  Company  shall  pay all  stamp  taxes
attributable to the initial issuance of shares or other securities issuable upon
the exercise of this Warrant or issuable pursuant to Section 4 hereof, excluding
any tax or taxes which may be payable  because of the  transfer  involved in the
issuance or delivery of any  certificates  for shares or other  securities  in a
name other  than that of the  Warrantholder  in respect of which such  shares or
securities are issued.

     SECTION 12. Replacement Warrant If this Warrant is mutilated,  lost, stolen
or destroyed,  the Company shall issue and deliver in exchange and  substitution
for  and  upon  cancellation  of the  mutilated  Warrant,  or in  lieu of and in
substitution  for the Warrant lost,  stolen or destroyed,  a new Warrant of like
tenor and representing an equivalent right or interest, but only upon receipt of
evidence  reasonably  satisfactory  to  the  Company  of  such  loss,  theft  or
destruction   of  such  Warrant  and  upon   receipt  of  indemnity   reasonably
satisfactory to the Company.

     SECTION  13.  Delays,  Omissions  and  Indulgences  No delay or omission to
exercise  any right,  power or remedy  accruing  to the  Warrantholder  upon any
breach or default of the Company hereunder shall impair any such right, power or
remedy,  nor shall it be construed to be a waiver of any such breach or default,
or  any  acquiescence  therein,  or of or  in  any  similar  breach  or  default
thereafter  occurring;  nor shall any waiver of any single  breach or default be
deemed  a waiver  of any  other  breach  or  default  theretofor  or  thereafter
occurring.  Any waiver,  permit, consent or approval of any kind or character on
the  Warrantholder's  part of any  breach or  default  hereunder  or under  this
Warrant,  or any  waiver  on the  Warrantholder's  part  of  any  provisions  or
conditions hereof must be in writing and that all remedies,  either hereunder or
by law or otherwise afforded to the  Warrantholder,  shall be cumulative and not
alternative.

     SECTION 14. Notices All notices,  demands and other communications provided
for or permitted  hereunder  shall be made in writing and shall be by registered
or certified  first-class mail, return receipt  requested,  telecopy,  overnight
courier service or personal delivery and shall be addressed to such party at the
address set forth below or such other  address as may hereafter be designated in
writing by such party:

                                       8
<PAGE>

               (a) if to the Company:

                   Multi-Link Telecommunications, Inc.
                   4704 Harlan Street
                   Suite 420
                   Denver, Colorado  80212
                   Attention:  Nigel V. Alexander
                               Chief Executive Officer
                   Telecopy:  (303) 831-1988

               (b) If to the initial Warrantholder hereunder:

                   Glenayre Technologies, Inc.
                   5935 Carnegie Boulevard
                   Charlotte, North Carolina 28209
                   Attention:   Eric L. Doggett
                                President & CEO
                   Telecopy:    (704) 553-7878

               (c)  if  to  any  subsequent  Warrantholder,  to  the  respective
                    address set forth on the corporate records of the Company.

     All such  notices  and  communications  shall be  deemed  to have been duly
given:  when  delivered by hand,  if  personally  delivered;  when  delivered by
courier,  if delivered by commercial  overnight  courier service;  five Business
Days after being deposited in the mail,  postage  prepaid,  if mailed;  and when
receipt is acknowledged, if telecopied.

     SECTION 15.  Successors  and Assigns This Warrant shall be binding upon and
inure to the benefit of the parties hereto and their  respective  successors and
assigns,  provided that the Company shall have no right to assign its rights, or
to delegate its obligations,  hereunder without the prior written consent of the
Warrantholder.

     SECTION 16.  Amendments  No amendment to or waiver of this Warrant shall be
effective unless in writing and executed by the Warrantholder.

     SECTION 17.  Severability  If any one or more of the  provisions  contained
herein, or the application thereof in any circumstance, is held invalid, illegal
or  unenforceable  in any respect for any reason,  the  validity,  legality  and
enforceability of any such provision in every other respect and of the remaining
provisions  hereof shall not be in any way impaired,  unless the provisions held
invalid, illegal or unenforceable shall substantially impair the benefits of the
remaining provisions hereof.

     SECTION  18.  Governing  Law  THIS  AGREEMENT  AND  EACH  WARRANT  IS TO BE
CONSTRUED AND ENFORCED IN ACCORDANCE  WITH AND GOVERNED BY THE LAWS OF THE STATE
OF COLORADO, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW OF SUCH STATE.

     SECTION 19.  Entire  Agreement  This  Warrant and the  Securities  Purchase
Agreement are intended by the parties as a final  expression of their  agreement
and are intended to be a complete and  exclusive  statement of the agreement and
understanding  of the parties hereto in respect of the subject matter  contained
herein and therein.

                                       9
<PAGE>

     SECTION 20. Rules of  Construction  The titles and captions of the Sections
and other provisions hereof are for convenience of reference only and are not to
be  considered  in  construing  this  Agreement.  Unless the  context  otherwise
requires "or" is not exclusive,  and references to sections or subsections refer
to sections or  subsections  of this  Warrant.  All pronouns and any  variations
thereof refer to the masculine,  feminine or neuter,  singular or plural, as the
context may require.

                                *  *  *  *  *

                                       10
<PAGE>

     IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed
as of the date first above written.

                                         MULTI-LINK TELECOMMUNICATIONS, INC.

                                         By:
                                             -----------------------------------
                                             Name:   Nigel V. Alexander
                                             Title:  Chief Executive Officer

                                       11
<PAGE>

                                    EXHIBIT A

                          FORM OF ELECTION TO PURCHASE

To:  MULTI-LINK TELECOMMUNICATIONS, INC.

     1. The  undersigned,  pursuant to the  provisions of the attached  Warrant,
hereby elects to exercise such Warrant with respect to ________ shares of Common
Stock (the "Exercise Amount").  Capitalized terms used but not otherwise defined
herein have the meanings ascribed thereto in the attached Warrant.

     2. The  undersigned  herewith  tenders  payment  for such shares in cash or
other immediately available funds.

     3. Please  issue a  certificate  or  certificates  representing  the shares
issuable in respect hereof under the terms of the attached Warrant, as follows:

                                     ---------------------------------------
                                    (Name of Record Warrantholder/Transferee)

and deliver such certificate or certificates to the following address:

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

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

                                     ------------------------------------------
                                    (Address of Record Warrantholder/Transferee)

     4. The undersigned  represents that the aforesaid shares are being acquired
for the account of the undersigned for investment and not with a view to, or for
resale in connection with, the distribution thereof and that the undersigned has
no present intention of distributing or reselling such shares.

     5. If the  Exercise  Amount is less than all of the shares of Common  Stock
purchasable  hereunder,  please issue a new warrant  representing  the remaining
balance of such shares, as follows:

                                     ---------------------------------------
                                    (Name of Record Warrantholder/Transferee)

and deliver such warrant to the following address:

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

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

                                     ------------------------------------------
                                    (Address of Record Warrantholder/Transferee)

                                       12
<PAGE>

     In witness whereof, the undersigned  Warrantholder has caused this Election
to Purchase to be executed as of this _____ day of __________, ______.

                                             -----------------------------------
                                            (Name of Warrantholder)

                                            By:
                                               ---------------------------------

                                       13
<PAGE>

                                    EXHIBIT B

                 NET CONSIDERATION PER SHARE COMPUTATION EXAMPLE

                                       14
<PAGE>

                                    EXHIBIT C

   ASSUMPTION PARAMETERS UNDERLYING COMPUTATION OF NET CONSIDERATION PER SHARE

                                       15Exhibit 4.12

                          Registration Rights Agreement

                          REGISTRATION RIGHTS AGREEMENT

                                     between

                       MULTI-LINK TELECOMMUNICATIONS, INC.

                                       and

                           GLENAYRE TECHNOLOGIES, INC.

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

                            Dated as of June 30, 2000

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

<PAGE>

                                TABLE OF CONTENTS

                                                                        Page No.
                                                                        --------

     SECTION 1.  Definitions ................................................  1

     SECTION 2.  Securities Subject to this Agreement .......................  2

     SECTION 3.  Demand Registration ........................................  2

     SECTION 4.  Piggy-Back Registration ....................................  3

     SECTION 5.  Holdback Agreements ........................................  4

     SECTION 6.  Registration Procedures ....................................  4

     SECTION 7.  Registration Expenses ......................................  7

     SECTION 8.  Indemnification; Contribution ..............................  7

     SECTION 9.  Rules 144 and 144A .........................................  9

     SECTION 10. Miscellaneous .............................................. 10

<PAGE>

                          REGISTRATION RIGHTS AGREEMENT

     THIS  REGISTRATION  RIGHTS  AGREEMENT  is dated as of June 30,  2000  (this
"Agreement"),  by and between  MULTI-LINK  TELECOMMUNICATIONS,  INC., a Colorado
corporation  (the  "Company"),  and  GLENAYRE  TECHNOLOGIES,  INC.,  a  Delaware
corporation (together with its successors and assigns, "Glenayre").

                              Statement of Purpose

     Pursuant to a  Securities  Purchase  Agreement,  dated the date hereof (the
"Purchase  Agreement"),  between the Company and Glenayre, the Company issued to
Glenayre (1) certain  shares of its no par value common stock (the "Shares") and
(2) a Common Stock  Purchase  Warrant to purchase  100,000  shares of the common
stock of the  Company.  Glenayre has  requested,  as a condition to its entering
into the Purchase Agreement and purchasing the securities  thereunder,  that the
Company  provide,  and the  Company has agreed to provide to  Glenayre,  certain
registration  rights with respect to the Registrable  Securities (as hereinafter
defined) owned by Glenayre.

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

     SECTION 1.  Definitions For the purposes of this Agreement,  in addition to
the terms defined  elsewhere in this  Agreement,  the  following  terms have the
meanings set forth below:

     "Approved  Underwriter"  shall have the meaning assigned thereto in Section
3(d).

     "Commission"  means the Securities  and Exchange  Commission or any similar
agency then having jurisdiction to enforce the Securities Act.

     "Common  Stock"  means (1) the no par value  common stock of the Company as
described  in the Articles of  Incorporation  of the Company as in effect on the
date hereof, (2) any other class of capital stock hereinafter  authorized having
the right to share in  distributions  either of earnings or assets without limit
as to amount or  percentage  and (3) any other  capital  stock  into  which such
Common Stock is reclassified or reconstituted.

     "Company Underwriter" shall have the meaning assigned thereto in Section 4.

     "Contingent  Warrant" means the Common Stock Purchase  Warrant  exercisable
for 50,000 shares of Common Stock, in the form of Exhibit A hereto,  issuable to
Glenayre under the conditions specified in Section 3(e).

     "Demand  Registration"  means a demand  registration  requested by Glenayre
pursuant to Section 3.

     "Exchange Act" means the Securities Exchange Act of 1934, as amended.

     "Holders'  Counsel"  shall  have the  meaning  assigned  thereto in Section
6(a)(i).

     "Holder" means any Person owning or having the right to acquire Registrable
Securities.

     "Inspector" shall have the meaning assigned thereto in Section 6(a)(viii).

     "NASD" means the National Association of Securities Dealers, Inc.

<PAGE>

     "Person" means any  individual,  firm,  corpor ation,  partnership,  trust,
incorporated or unincorporated association,  joint venture, joint stock company,
limited  liability  company,  government (or an agency or political  subdivision
thereof) or other entity of any kind, and shall include any successor (by merger
or otherwise) of such entity.

     "Records" shall have the meaning assigned hereto in Section 6(a)(viii).

     "Registrable  Securities"  means (i) the Shares,  (ii) any other  shares of
Common  Stock held by Glenayre as of July 1, 2000,  (iii) shares of Common Stock
issued or issuable  upon  exercise of the  Warrant,  (iv) shares of Common Stock
issued or issuable  upon  exercise of the  Contingent  Warrant and (v) any other
common  equity  securities  of  the  Company  issued  in  exchange  for,  upon a
reclassification  of, or in a  distribution  with  respect to, the  Shares,  the
Warrant or the Contingent Warrant.

     "Registration  Expenses" shall have the meaning assigned thereto in Section
7.

     "Securities Act" means the Securities Act of 1933, as amended.

     "Warrant"  means the Warrant  issued to Glenayre  pursuant to the  Purchase
Agreement.

     SECTION 2. Securities Subject to this Agreement

     (a) Registrable Securities. For the purposes of this Agreement, Registrable
Securities  will  cease to be  Registrable  Securities  when (i) a  registration
statement covering such Registrable Securities has been declared effective under
the Securities Act by the Commission and such  Registrable  Securities have been
disposed of pursuant to such effective registration statement or (ii) the entire
amount of Registrable Securities proposed to be sold in a single sale are, or in
the  opinion  of  counsel  reasonably   satisfactory  to  the  Company  may  be,
distributed  to the  public in such  single  sale  pursuant  to Rule 144 (or any
successor  provision  then in  force)  under  the  Securities  Act.  Registrable
Securities  issuable upon exercise of an option,  warrant or other right or upon
conversion of another  security shall be deemed  outstanding for the purposes of
this Agreement.

     (b) Holders of Registrable Securities. A Person is deemed to be a holder of
Registrable   Securities   whenever  such  Person  owns  of  record  Registrable
Securities.  A Person need not exercise the Warrant or Contingent  Warrant prior
to the  Company's  effecting  the  registration  of Common Stock  issuable  upon
exercise of such Warrants.

     SECTION 3. Demand Registration.

     (a) Demand  Registration.  Glenayre  may, at any time after  September  30,
2000, make a written request for  registration of Registrable  Securities  under
the  Securities  Act,  and  under  the  securities  or  blue  sky  laws  of  any
jurisdiction  reasonably  designated  by  Glenayre;  provided,  that  subject to
Section  3(c),  the  Company  will  not be  required  to  effect  more  than two
registrations  at the request of Glenayre  pursuant to this Section 3(a) and the
Company  will not be  required  to effect  such  registration  within the period
beginning on the effective date of a registration statement filed by the Company
on its behalf covering a firm commitment underwritten public offering and ending
on the later of (i) 90 days  thereafter  and (ii) the  expiration of any lock-up
period (not to exceed 180 days) required by the underwriters.

     (b) Company Obligation to Register.  Each request for a Demand Registration
pursuant to Section 3(a) shall specify the number of the Registrable  Securities
proposed  to be  sold,  the  intended  method  of  disposition  thereof  and the
jurisdictions  in which  registration  is  desired.  Upon a request for a Demand
Registration, the Company shall, with reasonable promptness and in any event not
later  than 90  days  after  the  Company's  receipt  of  such  request,  file a
registration   statement  with  the  Commission  relating  to  such  Registrable
Securities  as to which such request for a Demand  Registration  relates and use
its best efforts to cause all Registrable  Securities to be registered under the
Securities Act. A registration shall not constitute a Demand  Registration until
it has become effective and remains  continuously  effective for a period of not
less  than 24  months or such  shorter  period  which  will  terminate  when all
Registrable Securities covered by such registration statement (i) have been sold
(but not before the expiration of the 90 day period  referred to in Section 4(3)

                                       2
<PAGE>

of the Securities Act and Rule 174 thereunder,  if applicable),  or (ii) may, in
the opinion of counsel reasonably satisfactory to the Company, be distributed to
the public in a single  sale  pursuant to Rule 144 (or any  successor  provision
then in force)  under the  Securities  Act. In any  registration  initiated as a
Demand  Registration,  the  Company  shall  pay  all  Registration  Expenses  in
connection therewith, whether or not such Demand Registration becomes effective.

     (c) Underwriting  Procedures.  If Glenayre so elects,  the offering of such
Registrable Securities pursuant to such Demand Registration shall be in the form
of a firm  commitment  underwritten  offering  and the managing  underwriter  or
underwriters  selected  for  such  offering  shall be the  Approved  Underwriter
selected  in  accordance  with  Section  3(d).  In such event,  if the  Approved
Underwriter  advises the  Company,  which  advice shall be confirmed in writing,
that in its opinion marketing  considerations require a limitation on the number
of securities to be sold,  the Company shall include in such  registration  only
the number of Registrable  Securities  which,  in the good faith opinion of such
Approved Underwriter, can be sold.

     To the extent Registrable Securities held by Glenayre are excluded from the
offering to be made pursuant to the Demand  Registration  requested by Glenayre,
then Glenayre shall have the right to one additional Demand  Registration  under
this Section 3 with respect to such Registrable Securities.

     (d) Selection of  Underwriters.  In connection with its requesting a Demand
Registration of Registrable  Securities  pursuant to Section 3(a),  Glenayre may
select and obtain an investment banking firm of first class national  reputation
to act as the managing underwriter of the offering (the "Approved Underwriter");
provided that the Approved  Underwriter shall, in any case, be acceptable to the
Company in its reasonable judgment.

     (e) Warrant.  In the event that Glenayre requests a Demand  Registration of
Registrable  Securities  pursuant to Section 3(a) and, for whatever reason,  the
registration  statement for the Registrable  Securities requested to be included
in such  registration  statement has not become  effective within 180 days after
Glenayre's request for the Demand  Registration,  then, upon written notice from
Glenayre, the Company will immediately issue to Glenayre, without any additional
payment by Glenayre,  the  Contingent  Warrant.  The issuance of the  Contingent
Warrant shall be deemed as liquidated damages and shall be in lieu of and not in
addition to other remedies under any other provisions hereunder.

     (f)  Permitted  Postponement  of  Registration.  The  Company  shall not be
required  to effect a  registration  pursuant  to this  Section 3 if the Company
shall furnish to Glenayre a certificate signed by the Chief Executive Officer of
the Company  stating that, in the good faith  judgment of the Board of Directors
of the  Company,  it would  be  seriously  detrimental  to the  Company  and its
shareholders  for such  registration  statement to be effected as such time,  in
which event the  Company  shall have the right to defer such filing for a period
of not more than 90 days after receipt of the request of Glenayre.

     SECTION 4. Piggy-Back Registration

     (a) Piggy-Back  Rights.  If the Company proposes to file, at any time on or
after September 30, 2000, a registration statement under the Securities Act with
respect to an offering by the Company for its own  account,  or an offering  for
the account of any stockholder of the Company or any group of such  stockholders
(other than a registration  statement on Form S-4 or S-8 or any successor  forms
or any other forms not available for  registering  capital stock for sale to the
public),  then the Company shall give written notice of such proposed  filing to
each Holder at least 30 days before the anticipated filing date, and such notice
shall describe in detail the proposed  registration and distribution  (including
whether  the  offering  will  be  underwritten  and  those  jurisdictions  where
registration  under the  securities or blue sky laws is intended) and offer each
Holder the  opportunity to register the number of  Registrable  Securities as it
may  request.  The  Company  shall use its best  efforts,  within 10 days of the
notice provided for in the preceding sentence, to cause the managing underwriter
or underwriters of a proposed underwritten offering (the "Company  Underwriter")
to permit each Holder to include such Registrable Securities in such offering on
the same terms and  conditions  as the  securities  of the  Company or the other
group of stockholders  included therein,  including execution of an underwriting

                                       3
<PAGE>

agreement in  customary  form.  Notwithstanding  the  foregoing,  if the Company
Underwriter advises the Company in writing that marketing considerations require
a limitation on the number of  securities to be sold,  the Company shall include
in such  registration  (except in connection with a Demand  Registration,  which
priority  shall be governed by Section 3), only that number of securities  which
the Company  Underwriter  determines in its sole  discretion will not jeopardize
the success of the offering. Allocation of securities to be sold in the offering
among the  holders  of  securities  (including  the  Holders)  requesting  to be
included in such  registration  pursuant  to  "piggy-back"  registration  rights
granted by the Company (the  "Requesting  Holders")  shall be made on a priority
basis as follows:

               (i)  first,  100% of the  securities  proposed  to be sold by the
Company and 100% of the securities  proposed to be sold by holders of securities
with "piggy-back"  registration  rights granted by the Company prior to the date
hereof which registration rights do not contain "underwriter  cut-back" or other
provisions similar to those contained in this Section 4; and

               (ii)  second,  the  securities  requested  to be  included by the
Requesting Holders shall be included on a pro rata basis. For this purpose,  the
"pro rata" share of each Requesting Holder shall be the percentage determined by
dividing the number of shares of Common Stock owned by such Requesting Holder by
the total number of shares of Common Stock owned by all Requesting Holders.

     (b)  Withdrawal  by  Company.  Notwithstanding  anything  to  the  contrary
contained herein,  the Company shall be permitted to withdraw,  abandon or elect
not to file any  registration  statement  the Company  has  proposed to file and
given notice pursuant to Section 4(a).

     SECTION 5. Holdback Agreements

     (a)  Restrictions  on Public Sale by Holders.  In order to participate in a
registration  effected hereby,  to the extent not  inconsistent  with applicable
law,  each Holder  agrees not to effect any public sale or  distribution  of any
Registrable Securities being registered or of any securities convertible into or
exchangeable or exercisable for such  Registrable  Securities,  including a sale
pursuant to Rule 144 under the Securities  Act,  during the period  beginning on
the filing of such registration statement and ending on the later of (i) 90 days
after the effective date of such registration statement or the commencement of a
public distribution of the Registrable  Securities pursuant to such registration
statement  or  (ii)  the  expiration  of  any  lock-up  period  required  by the
underwriters.

     (b)  Restrictions on Public Sale by the Company.  The Company agrees not to
effect  any  public  sale  or  distribution  of any of  its  securities,  or any
securities  convertible  into or exchangeable or exercisable for such securities
(except  pursuant to  registrations  on Form S-4 or S-8 or any successor to such
forms or any other forms not available for registering capital stock for sale to
the  public)  during the  period  beginning  on the  filing of any  registration
statement in which the holders of Registrable  Securities are  participating and
ending  on the  later  of (i) 90 days  after  the  effective  date  of any  such
registration statement and (ii) the expiration of any lock-up period required by
the underwriters.

     SECTION 6. Registration Procedures

     (a)  Obligations  of the  Company.  Whenever  registration  of  Registrable
Securities has been requested pursuant to Section 3 or 4 of this Agreement,  the
Company shall use its best efforts to effect the  registration  and sale of such
Registrable  Securities in accordance  with the intended  method of distribution
thereof as quickly as practicable,  and in connection with any such request, the
Company shall, as expeditiously as possible:

               (i)  prepare  and  file  with  the  Commission  (as  promptly  as
practicable,  but in any event not later than 90 days after receipt of a request
to file a  registration  statement  with respect to  Registrable  Securities)  a
registration statement on any form for which the Company then qualifies or which
counsel for the Company shall deem appropriate and which form shall be available
for the sale of such  Registrable  Securities  in  accordance  with the intended
method  of  distribution  thereof,  and use  its  best  efforts  to  cause  such
registration  statement  to become  effective;  provided,  that before  filing a

                                       4
<PAGE>

registration  statement or prospectus or any amendments or supplements  thereto,
the Company shall (A) provide  counsel  selected by the Holders of a majority of
the Registrable  Securities  being  registered in such  registration  ("Holders'
Counsel")  with an adequate and  appropriate  opportunity  to participate in the
preparation of such registration  statement and each prospectus included therein
(and each  amendment  or  supplement  thereto) to be filed with the  Commission,
which  documents  shall be subject to the review of  Holders'  Counsel,  and (B)
notify  Holders'  Counsel and each seller of Registrable  Securities of any stop
order issued or  threatened by the  Commission  and take all  reasonable  action
required to prevent the entry of such stop order or to remove it if entered;

               (ii) prepare and file with the  Commission  such  amendments  and
supplements to such registration statement and the prospectus used in connection
therewith as may be necessary to keep such registration  statement effective for
a period of not less than 24 months or such shorter  period which will terminate
when all Registrable Securities covered by such registration statement have been
sold (but not before the expiration of the 90-day period  referred to in Section
4(3) of the Securities Act and Rule 174 thereunder,  if applicable),  and comply
with the provisions of the Securities Act with respect to the disposition of all
securities  covered  by  such  registration  statement  during  such  period  in
accordance  with the intended  methods of disposition by the sellers thereof set
forth in such registration statement;

               (iii) as soon as reasonably  possible,  furnish to each seller of
Registrable Securities, prior to filing a registration statement, copies of such
registration statement as it is proposed to be filed, and thereafter such number
of copies of such registration statement,  each amendment and supplement thereto
(in each case including all exhibits thereto),  the prospectus  included in such
registration  statement  (including each preliminary  prospectus) and such other
documents as each such seller may reasonably  request in order to facilitate the
disposition of the Registrable Securities owned by such seller;

               (iv) use its best efforts to register or qualify such Registrable
Securities under such other securities or blue sky laws of such jurisdictions as
any seller of Registrable  Securities reasonably requests,  and to continue such
qualification  in effect  in such  jurisdictions  for as long as is  permissible
pursuant  to the laws of such  jurisdictions,  or for as long as any such seller
requests or until all of such  Registrable  Securities  are sold,  whichever  is
shortest,  and do any and all other  acts and  things  which  may be  reasonably
necessary or advisable to enable any such seller to consummate  the  disposition
in such  jurisdictions  of the  Registrable  Securities  owned  by such  seller;
provided that the Company  shall not be obligated to effect,  or take any action
to effect, any such registration or qualification in any particular jurisdiction
in which the Company  would be required to execute a general  consent to service
of process in effecting such  registration or qualification  unless -------- the
Company is already subject to service in such  jurisdiction and except as may be
required by the Securities Act or applicable rules or regulations thereunder;

               (v) use its best  efforts  to cause  the  Registrable  Securities
covered by such registration statement to be registered with or approved by such
other governmental  agencies or authorities as may be necessary by virtue of the
business  and  operations  of the  Company  to enable  the  seller or sellers of
Registrable  Securities  to  consummate  the  disposition  of  such  Registrable
Securities;

               (vi)  notify each seller of  Registrable  Securities  at any time
when a  prospectus  relating  thereto  is  required  to be  delivered  under the
Securities  Act,  upon  discovery  that, or upon the happening of any event as a
result of which, the prospectus included in such registration statement contains
an untrue  statement  of a  material  fact or omits to state any  material  fact
required to be stated  therein or necessary to make the  statements  therein not
misleading  in light of the  circumstances  under which they were made,  and the
Company shall promptly  prepare a supplement or amendment to such prospectus and
furnish to each seller a reasonable  number of copies of a  supplement  to or an
amendment of such prospectus as may be necessary so that,  after delivery to the
purchasers of such Registrable Securities,  such prospectus shall not contain an

                                       5
<PAGE>

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
in light of the circumstances under which they were made;

               (vii) enter into and perform customary  agreements  (including an
underwriting  agreement  in  customary  form with the  Approved  Underwriter  or
Company  Underwriter,  if any,  selected as provided in Section 3 or 4) and take
such other actions as are reasonably required in order to expedite or facilitate
the disposition of such Registrable Securities;

               (viii) make available for inspection by any seller of Registrable
Securities,  any managing underwriter  participating in any disposition pursuant
to such registration statement, Holders' Counsel and any attorney, accountant or
other agent  retained  by such  seller or any  managing  underwriter  (each,  an
"Inspector"  and  collectively,  the  "Inspectors"),  all  financial  and  other
records,  pertinent  corporate  documents and  properties of the Company and its
subsidiaries  (collectively,  the "Records") as shall be reasonably necessary to
enable  them to  exercise  their  due  diligence  responsibility,  and cause the
Company's  and its  subsidiaries'  officers,  directors and  employees,  and the
independent  public  accountants  of the  Company,  to  supply  all  information
reasonably  requested by any such Inspector in connection with such registration
statement;   Records  that  the  Company  determines,   in  good  faith,  to  be
confidential and which it notifies the Inspectors are confidential  shall not be
disclosed  by the  Inspectors  unless  (A) the  disclosure  of such  Records  is
necessary  to avoid or correct a  misstatement  or omission in the  registration
statement or to confirm that no such misstatement or omission has been made, (B)
the  release of such  Records is ordered  pursuant  to a subpoena or other order
from a court of competent  jurisdiction  or (C) the  information in such Records
has been made generally available to the public or is required to be filed with,
or made available as supplemental information to, the Commission. Each seller of
Registrable  Securities  agrees that it shall,  upon learning that disclosure of
such Records is sought in a court of competent jurisdiction,  give notice to the
Company  and  allow  the  Company,   at  the  Company's  expense,  to  undertake
appropriate action to prevent disclosure of the Records deemed confidential;

               (ix) if such sale is pursuant to an underwritten offering, obtain
a "cold comfort"  letter from the Company's  independent  public  accountants in
customary  form and  covering  such matters of the type  customarily  covered by
"cold  comfort"  letters and as Holders'  Counsel or the  managing  underwriters
reasonably request;

               (x)  furnish,  at  the  request  of  any  seller  of  Registrable
Securities on the date such  securities  are delivered to the  underwriters  for
sale pursuant to such  registration  or, if such  securities  are not being sold
through  underwriters,  on the date the  registration  statement with respect to
such  securities  becomes  effective,  an opinion,  dated such date,  of counsel
representing the Company for the purposes of such registration, addressed to the
underwriters, if any, and to the seller making such request, covering such legal
matters  with  respect to the  registration  in respect of which such opinion is
being  given as such  seller or  underwriters  may  reasonably  request  and are
customarily included in such opinions;

               (xi) otherwise use its best efforts to comply with all applicable
rules and  regulations  of the  Commission,  and make  available to its security
holders, as soon as reasonably practicable but no later than 15 months after the
effective date of the registration  statement,  an earnings statement covering a
period  of 12 months  beginning  after the  effective  date of the  registration
statement,  in a manner which  satisfies the  provisions of Section 11(a) of the
Securities Act;

               (xii) cause all such Registrable  Securities to be listed on each
securities  exchange on which similar  securities issued by the Company are then
listed;  provided,  that the  applicable  listing  requirements  are  satisfied;

               (xiii)  keep each  seller of  Registrable  Securities  advised in
writing as to the initiation and progress of any registration under Section 3 or
4;

               (xiv) provide officers'  certificates and other customary closing
documents;

                                       6
<PAGE>

               (xv)  cooperate  with each seller of  Registrable  Securities and
each underwriter participating in the disposition of such Registrable Securities
and their respective  counsel in connection with any filings required to be made
with the NASD; and

               (xvi) use its best  efforts to take all other steps  necessary to
effect the registration of the Registrable  Securities  contemplated  hereby and
cooperate  with  each  seller  of  Registrable   Securities  to  facilitate  the
disposition of Registrable Securities pursuant thereto.

     (b) Seller  Information.  The Company  shall be  entitled  to require  each
seller of Registrable  Securities as to which any registration is being effected
to furnish to the Company such  information  regarding the  distribution of such
securities as the Company may from time to time reasonably request in writing.

     (c) Notice to  Discontinue.  Each Holder  agrees that,  upon receipt of any
notice from the Company of the  happening of any event of the kind  described in
Section  6(a)(vi),  such  Holder  shall  forthwith  discontinue  disposition  of
Registrable  Securities  pursuant to the  registration  statement  covering such
Registrable  Securities  until  such  Holder's  receipt  of  the  copies  of the
supplemented or amended  prospectus  contemplated by Section 6(a)(vi) and, if so
directed  by the  Company,  such  Holder  shall  deliver to the  Company (at the
Company's  expense) all copies,  other than  permanent  file copies then in such
Holder's  possession,  of the prospectus  covering such  Registrable  Securities
which is current at the time of receipt of such  notice.  If the  Company  shall
give any such  notice,  the Company  shall  extend the period  during which such
registration  statement shall be maintained effective pursuant to this Agreement
(including without limitation the period referred to in Section 6(a)(ii)) by the
number of days  during the period from and  including  the date of the giving of
such notice  pursuant to Section  6(a)(vi) to and  including  the date when such
Holder shall have received the copies of the supplemented or amended  prospectus
contemplated by and meeting the requirements of Section 6(a)(vi).

     SECTION 7. Registration Expenses

     (a) The Company shall pay all expenses (other than  underwriting  discounts
and  commissions)  arising from or incident to the performance of, or compliance
with, this  Agreement,  including  without  limitation,  (i)  Commission,  stock
exchange  and NASD  registration  and filing  fees,  (ii) all fees and  expenses
incurred in complying  with  securities or blue sky laws  (including  reasonable
fees,  charges  and  disbursements  of  counsel  in  connection  with  blue  sky
qualifications of the Registrable  Securities),  (iii) all printing,  engraving,
messenger and delivery expenses and (iv) the fees,  charges and disbursements of
counsel to the Company and of its independent  public  accountants and any other
accounting  and  legal  fees,  charges  and  expenses  incurred  by the  Company
(including without limitation any fees and expenses in connection with any "cold
comfort"  letters  and  any  special  audits  incident  to or  required  by  any
registration or qualification) regardless of whether such registration statement
is declared effective (collectively, "Registration Expenses").

     (b) The Company will, in any event, pay its internal  expenses  (including,
without  limitation,  all salaries  and  expenses of its officers and  employees
performing  legal or accounting  duties),  the expense of any annual audit,  the
fees and expenses  incurred in connection  with the listing of the securities to
be registered on each securities  exchange on which securities of the same class
are then  listed  or the  qualification  for  trading  of the  securities  to be
registered in each inter-dealer quotation system in which securities of the same
class are then traded, and rating agency fees.

     (c) In connection with each registration  requested  pursuant to Section 3,
the Company will reimburse Glenayre for the reasonable fees and disbursements of
its counsel.

     SECTION 8. Indemnification; Contribution

     (a) Indemnification by the Company. The Company agrees to indemnify, to the
full extent permitted by law, each Holder,  its officers,  directors,  partners,
employees  and agents and each  Person who  controls  (within the meaning of the
Securities  Act or the  Exchange  Act) such  Holder from and against any and all

                                       7
<PAGE>

losses, claims, damages, liabilities and expenses (including reasonable costs of
investigation and, subject to Section 8(c),  reasonable fees,  disbursements and
other  charges of legal  counsel)  arising out of or based upon any  untrue,  or
allegedly  untrue,  statement of a material fact  contained in any  registration
statement,  prospectus or preliminary  prospectus (as amended or supplemented if
the Company shall have  furnished  any  amendments  or  supplements  thereto) or
arising out of or based upon any omission or alleged omission to state therein a
material fact required to be stated  therein or necessary to make the statements
therein not misleading, except insofar as the same are caused by or contained in
any information furnished in writing to the Company by such Holder expressly for
use  therein.   The  Company  shall  also  indemnify  any  underwriters  of  the
Registrable Securities,  their officers, directors and employees and each Person
who controls such underwriters (within the meaning of the Securities Act and the
Exchange  Act)  to the  same  extent  as  provided  above  with  respect  to the
indemnification of the holders of Registrable Securities.

     (b)  Indemnification  by  Holders.  In  connection  with  any  registration
statement  in which a Holder is  participating  pursuant to Section 3 or 4, such
Holder shall furnish to the Company in writing such  information with respect to
such Holder as the Company may  reasonably  request or as may be required by law
for use in connection  with any such  registration  statement or prospectus  and
such Holder agrees to indemnify, to the extent permitted by law, the Company and
any  underwriter  retained  by  the  Company  and  their  respective  directors,
officers, employees and each Person who controls the Company or such underwriter
(within  the meaning of the  Securities  Act and the  Exchange  Act) to the same
extent as the foregoing indemnity from the Company to such Holder, but only with
respect to any such  information  furnished in writing by such Holder  expressly
for use in such registration  statement.  Notwithstanding the provisions of this
Section 8(b), such Holder shall not be required to pay any indemnification in an
amount in excess of the net proceeds  received by such Holder in the offering to
which such registration statement relates.

     (c)  Conduct  of  Indemnification   Proceedings.  Any  Person  entitled  to
indemnification  hereunder  (the  "Indemnified  Party")  agrees  to give  prompt
written  notice to any party with  indemnification  obligations  hereunder  (the
"Indemnifying  Party") after the receipt by the Indemnified Party of any written
notice of the commencement of any action,  suit,  proceeding or investigation or
threat thereof made in writing for which the Indemnified  Party intends to claim
indemnification  or contribution  pursuant to this Agreement;  provided that the
failure so to notify the  Indemnifying  Party shall not relieve the Indemnifying
Party of any  liability  that it may have to the  Indemnified  Party  hereunder,
unless (and then solely to the extent that) the Indemnifying Party is materially
prejudiced thereby. If notice of commencement of any such action is given to the
Indemnifying  Party as above provided,  the Indemnifying Party shall be entitled
to  participate  in and,  to the  extent  it may  wish,  jointly  with any other
Indemnifying Party similarly  notified,  to assume the defense of such action at
its own expense,  with counsel chosen by it and satisfactory to such Indemnified
Party.  The  Indemnified  Party  shall have the right to employ  separate  legal
counsel in any such action and participate in the defense thereof, but the fees,
disbursements  and other  charges of such legal counsel  (other than  reasonable
costs of  investigation)  shall be paid by the Indemnified  Party unless (i) the
Indemnifying  Party agrees to pay the same, (ii) the Indemnifying Party fails to
assume  the  defense  of such  action  with legal  counsel  satisfactory  to the
Indemnified  Party in its reasonable  judgment or (iii) the named parties to any
such action  (including  any impleaded  parties) have been advised by such legal
counsel  that  either  (A)  representation  of such  Indemnified  Party  and the
Indemnifying  Party by the same  legal  counsel  would  be  inappropriate  under
applicable  standards  of  professional  conduct or (B) there may be one or more
legal  defenses  available to it which are different from or additional to those
available to the  Indemnifying  Party. In either of such cases the  Indemnifying
Party shall not have the right to assume the defense of such action on behalf of
such Indemnified Party. No Indemnifying Party shall be liable for any settlement
entered  into  without  its  written   consent,   which  consent  shall  not  be
unreasonably withheld.

     (d)  Contribution.  If the  indemnification  provided for in this Section 8
from the Indemnifying  Party is unavailable to an Indemnified Party hereunder in
respect of any losses,  claims,  damages,  liabilities  or expenses  referred to
therein,  then the Indemnifying  Party, in lieu of indemnifying such Indemnified
Party,  shall contribute to the amount paid or payable by such Indemnified Party

                                       8
<PAGE>

as a result of such losses,  claims,  damages,  liabilities  or expenses in such
proportion as is appropriate  to reflect the relative fault of the  Indemnifying
Party and  Indemnified  Party in connection  with the actions which  resulted in
such losses,  claims,  damages,  liabilities  or expenses,  as well as any other
relevant  equitable  considerations.  The relative  faults of such  Indemnifying
Party and  Indemnified  Party shall be  determined  by reference to, among other
things,  whether any action in question,  including any untrue or alleged untrue
statement of a material fact or omission or alleged omission to state a material
fact, has been made by, or relates to information supplied by, such Indemnifying
Party or Indemnified Party, and the parties' relative intent, knowledge,  access
to information  and  opportunity  to correct or prevent such action.  The amount
paid  or  payable  by a  party  as a  result  of the  losses,  claims,  damages,
liabilities and expenses  referred to above shall be deemed to include,  subject
to the limitations set forth in Sections 8(a), 8(b) and 8(c), any fees,  charges
or expenses  (including fees,  disbursements and other charges of legal counsel)
reasonably  incurred  by such  party in  connection  with any  investigation  or
proceeding.

     The  parties  hereto  agree  that it  would  not be just and  equitable  if
contribution  pursuant  to  this  Section  8(d)  were  determined  by  pro  rata
allocation or by any other method of  allocation  which does not take account of
the equitable considerations referred to in the immediately preceding paragraph.
Notwithstanding  the  provisions  of this  Section  8(d),  a Holder shall not be
required  to  contribute  any  amount in  excess of the  amount by which the net
proceeds  received  by such Holder in the  offering  to which such  registration
statement  relates  exceeds  the  amount of any  damages  that such  Holder  has
otherwise been required to pay. No Person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any Person.

     (e) Survival.  The indemnity and contribution  covenants  contained in this
Section 8 shall remain operative and in full force and effect  regardless of (i)
any  investigation  made by or on  behalf  of a  Holder,  (ii)  any  sale of any
Registrable  Securities pursuant to this Agreement and receipt by such Holder of
the proceeds thereof, or (iii) any termination of this Agreement for any reason,
including after the initial filing of the registration  statement to which these
indemnity and contribution covenants relate.

     SECTION 9. Rules 144 and 144A The Company  covenants that it shall duly and
timely file any reports  required to be filed by it under the Securities Act and
the  Exchange  Act and the  rules  and  regulations  adopted  by the  Commission
thereunder and that it shall take such further action as a Holder may reasonably
request (including providing any information  necessary to comply with Rules 144
and 144A under the Securities Act), all to the extent required from time to time
to enable a Holder to sell Registrable Securities without registration under the
Securities Act within the  limitation of the exemptions  provided by Rule 144 or
Rule 144A under the  Securities  Act, as such rules may be amended  from time to
time, or any similar rules or regulations  hereafter  adopted by the Commission.
The  Company  shall,  upon the  request of a Holder,  deliver  to such  Holder a
written statement as to whether it has complied with such requirements.  Without
limiting the foregoing, the Company agrees that it will:

     (a) if required by law, maintain a registration  statement (containing such
information  and documents as the Commission  shall specify) with respect to the
Common  Stock  under  Section 12 of the  Exchange  Act and will timely file such
information,  documents and reports as the  Commission  may require or prescribe
for companies whose stock has been registered pursuant to said Section 12;

     (b) if a  registration  statement  with  respect to the Common  Stock under
Section 12 is  effective,  or if required by Section  15(d) of the Exchange Act,
make whatever filings with the Commission or otherwise make generally  available
to the public such financial and other information as may be necessary to enable
each  Holder  to be  permitted  to sell  shares of such  Registrable  Securities
pursuant to the provisions of Rule 144 or 144A promulgated  under the Securities
Act (or any successor rule or regulation thereto); and

     (c) at any time  when a Holder  desires  to make  sales of any  Registrable
Securities in reliance on Rule 144A under the  Securities  Act (or any successor
rule or regulation), provide such Holder and any prospective purchaser therefrom

                                       9
<PAGE>

with the  information  required by Rule 144A and otherwise  cooperate  with such
Holder in connection with such sale.

     The Company represents and warrants that any registration  statement or any
information  document or report filed with the Commission in connection with the
foregoing  or any  information  so made  public  shall not  contain  any  untrue
statement  of a material  fact or omit to state a material  fact  required to be
stated  therein or necessary in order to make the statements  contained  therein
not  misleading.  The Company  agrees to indemnify  and hold harmless (or to the
extent the same is not  enforceable,  make  contribution  to) each  Holder , its
officers, directors, employees and agents and each broker, dealer or underwriter
(within the meaning of the Securities  Act) acting for such Holder in connection
with any  offering  or sale by such Holder or any  person,  firm or  corporation
controlling  (within the meaning of either  Section 15 of the  Securities Act or
Section  20 of the  Exchange  Act) such  Holder and any such  broker,  dealer or
underwriter from and against any and all losses, claims, damages, liabilities or
expenses (or actions in respect  thereof)  arising out of or resulting  from any
breach of the foregoing  representation or warranty, all on terms and conditions
comparable to those set forth in Section 9 of this Agreement.

     SECTION 10. Miscellaneous

     (a)  Recapitalizations,  Exchanges,  Etc. The  provisions of this Agreement
shall  apply,  to the full extent set forth  herein  with  respect to the Common
Stock, to any and all shares of capital stock of the Company or any successor or
assign of the  Company  (whether  by  merger,  consolidation,  sale of assets or
otherwise) which may be issued in respect of, in exchange for or in substitution
of,  the  Common  Stock  and  shall  be  appropriately  adjusted  for any  stock
dividends, splits, reverse splits, combinations,  recapitalizations and the like
occurring after the date hereof.

     (b) No  Inconsistent  Agreements.  The  Company  shall not  enter  into any
agreement with respect to its securities  that is  inconsistent  with the rights
granted to Glenayre.

     (c)  Remedies.  Glenayre,  in  addition to being  entitled to exercise  all
rights  granted by law,  including  recovery  of  damages,  shall be entitled to
specific performance of its rights under this Agreement. The Company agrees that
monetary  damages  would not be adequate  compensation  for any loss incurred by
reason of a breach by it of the  provisions of this  Agreement and hereby agrees
to waive in any action for specific performance the defense that a remedy at law
would be adequate.

     (d)  Amendments  and Waivers.  Except as  otherwise  provided  herein,  the
provisions of this Agreement may not be amended,  modified or supplemented,  and
waivers or consents to departures  from the  provisions  hereof may not be given
unless the Company has obtained the prior written consent of Glenayre.

     (e) Notices. All notices,  demands and other communications provided for or
permitted  hereunder  shall be made in  writing  and shall be by  registered  or
certified  first-class  mail,  return receipt  requested,  telecopy,  recognized
overnight courier service or personal delivery:

          (i) if to the Company:

              Multi-Link Telecommunications, Inc.
              4704 Harlan Street
              Suite 420
              Denver, Colorado 80212
              Attention:  Nigel V. Alexander
                          Chief Executive Officer
              Telecopy:   (303) 831-1988

                                       10
<PAGE>

         (ii) if to Glenayre:

              Glenayre Technologies, Inc.
              5935 Carnegie Boulevard
              Charlotte, North Carolina  28209
              Attention:   Eric L. Doggett
                           President & CEO
              Telecopy:    (704) 553-7878

     All such  notices  and  communications  shall be  deemed  to have been duly
given:  when  delivered by hand,  if  personally  delivered;  when  delivered by
courier,  if delivered by commercial  overnight  courier service;  five business
days after being deposited in the mail,  postage  prepaid,  if mailed;  and when
receipt is acknowledged if telecopied.

     (f)  Successors and Assigns.  This Agreement  shall inure to the benefit of
and be binding  upon the  successors  and assigns of each of the parties and the
registration  rights and the other  obligations of the Company contained in this
Agreement  shall  with  respect to any  Registrable  Security  be  automatically
transferred to any subsequent  holder of Registrable  Securities  (excluding any
Person who acquires such  securities  in a  transaction  with respect to which a
registration  statement  under the  Securities  Act is  effective at the time or
pursuant  to  a  sale  complying  with  Rule  144  under  the  Securities  Act).
Notwithstanding  any  transfer of such  rights,  all of the  obligations  of the
Company hereunder shall survive any such transfer and shall continue to inure to
the benefit of all transferees.

     (g)  Counterparts.  This  Agreement  may  be  executed  in  any  number  of
counterparts and by the parties hereto in separate  counterparts,  each of which
when so  executed  shall be  deemed  to be an  original  and all of which  taken
together shall constitute one and the same agreement.

     (h)  Headings.  The  headings  in this  Agreement  are for  convenience  of
reference only and shall not limit or otherwise affect the meaning hereof.

     (i)  Governing  Law. This  Agreement  shall be governed by and construed in
accordance  with  the laws of the  State  of  Colorado,  without  regard  to the
principles of conflicts of law of such state.

     (j) Severability. If any one or more of the provisions contained herein, or
the  application  thereof  in any  circumstances,  is held  invalid,  illegal or
unenforceable  in any  respect  for  any  reason,  the  validity,  legality  and
enforceability of any such provision in every other respect and of the remaining
provisions  hereof shall not be in any way impaired,  it being intended that all
of the rights and privileges of the holders of Registrable  Securities  shall be
enforceable to the fullest extent permitted by law.

     (k) Entire Agreement.  This Agreement is intended by the parties as a final
expression  of their  agreement  and  intended  to be a complete  and  exclusive
statement of the agreement and understanding of the parties hereto in respect of
the  subject  matter  contained  herein.  There are no  restrictions,  promises,
warranties  or  undertakings,  other than those set forth or referred to herein.
This Agreement  supersedes all prior agreements and  understandings  between the
parties with respect to such subject matter.

                           [SIGNATURE PAGES TO FOLLOW]

                                       11
<PAGE>

     IN WITNESS  WHEREOF,  the  undersigned  have  caused this  Agreement  to be
executed and delivered as of the day and year first above written.

                                       MULTI-LINK TELECOMMUNICATIONS, INC.

                                       By:
                                          --------------------------------------
                                          Nigel V. Alexander
                                          Chief Executive Officer

                                       GLENAYRE TECHNOLOGIES, INC.

                                       By:
                                          --------------------------------------
                                          Eric L. Doggett
                                          President & CEO

                                       12

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