Document:

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                                                                    Exhibit 10.3

                                                                  Execution Copy

                              Objet Geometries Ltd.
                      North American Distributor Agreement

Parties:         Objet Geometries Ltd.              ("Company")
                 2 Holzman St., Science Park
                 P.O. Box 2496,
                 Rehovot 76124, Israel

                 Stratasys, Inc.                    ("Distributor")
                 14950 Martin Drive
                 Eden Prairie, MN 55344

Effective Date:     August 28, 2003

WHEREAS           Company  develops,  manufactures,  markets  and  sells a rapid
                  prototype  ("RP")  system called  Polyjet,  based on Company's
                  proprietary  UV  Jetting  Technology  (as  defined  below) and
                  related products and services; and

WHEREAS           Distributor  develops,  manufactures,  markets  and  sells  RP
                  Systems (as defined below), based on Distributor's proprietary
                  fused  deposition  modeling  ("FDM")  technology  and  related
                  products and services; and

WHEREAS           Distributor has previously determined for its own business
                  reasons to [*];

WHEREAS           Distributor  has  represented to Company that  Distributor has
                  the facilities,  personnel, technical expertise, and financial
                  ability  necessary to sell,  market,  distribute,  install and
                  support the Systems (as defined  below) in the  Territory  (as
                  defined below);

WHEREAS           Company has  represented  to  Distributor  that Company has or
                  will have the  facilities and financial  ability  necessary to
                  manufacture  the Products  (as defined  below) for sale in the
                  Territory; and

WHEREAS           Distributor  wishes to obtain, and Company is willing to grant
                  Distributor,  an exclusive right to market, sell,  distribute,
                  install and support the Products in the Territory,  subject to
                  the terms and conditions set forth in this Agreement;

[*]  Denotes  confidential  material  omitted  and  filed  separately  with  the
     Securities and Exchange  Commission  pursuant to a request for confidential
     treatment.

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In consideration of the mutual covenants herein, the parties agree as follows:

         1.       Definitions.

A.       Unless  otherwise  defined  in the  main  body of this  Agreement,  the
         following  terms shall have the  meanings  identified  in the  attached
         Appendices, each of which is incorporated by reference.

         Products, Prices                                     Appendix A
         Purchase Terms                                       Appendix B
         Product Description & Specifications                 Appendix C
         Limited Warranty                                     Appendix D
         Territory                                            Appendix E
         Minimum Annual Sales Quota                           Appendix F
         Company Insurance Policies                           Appendix G
         Service                                              Appendix H
         Proprietary Information to Distributor and Company   Appendix I
         Marketing Plan                                       Appendix J
         Transition-Out upon Termination                      Appendix K
         Objet Trademarks                                     Appendix L

B.       Unless  otherwise  defined  herein,  when used in this  Agreement,  the
         following terms shall have the meanings ascribed to them below:

         "Agreement Quarter" means each three-month period commencing October 1,
         January 1, April 1, and July 1 and ending  December  31, March 31, June
         30 and September 30, as applicable.

         "best efforts" means, in the case of Distributor,  [*]; and in the case
         of the Company, [*].

         "Distributor  System"  means any RP System  (other than a System)  that
         Distributor  sells  in the  Territory,  whether  as a  manufacturer  or
         distributor of such RP System.

         "Eden 333  System"  means  the  System  described  on Annex C hereto as
         modified or amended from time to time.

         "Exclusivity  Period" means each period of time where  Distributor  has
         the right to act as Company's exclusive  distributor of the Products in
         the Territory.

         "FDM Technology" means the fused deposition modeling technology used by
         Distributor's RP Systems that is based on extrusion of materials onto a
         surface,  including all patents,  trademarks,  copyrights,  knowhow and
         other intellectual property rights owned by Distributor.

         "Force  Majeure"  means  any war,  revolution,  terrorism,  acts of the
         public enemy, strikes,  fires, floods,  storms,  hurricanes,  tornados,
         other acts of God, transportation delays or shortages,  labor disputes,
         riots,  insurrections,  accidents,  inability  to obtain  materials  or
         supplies  as a  result  of a  Force  Majeure,  governmental  action  or
         exercise of eminent  domain,  and other cause not within the control of
         the person in question, whether of the class of the causes hereinbefore
         enumerated or not.

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         "Polyjet  Jetting Head" means the Single Head Unit Assembly used in the
         Systems,   which  is  described  on  Appendix  A,  and  all   upgrades,
         improvements and substitutions thereof.

         "Polyjet  Resin"  means the  proprietary  [*] resin of Company  used in
         Company RP Systems.

         "Products" means all Systems and all such spare parts, resins and other
         products,  as such  products  are listed on  Appendix A as  modified or
         amended from time to time, that are sold for use in or with the Systems
         in the Territory.

         "RP Systems" means rapid prototyping  systems whereby the system builds
         a  three-dimensional  solid  representation  from a  computer  assisted
         design.

         "Systems"  means  all of the  Company's  RP  Systems  using UV  Jetting
         Technology  that are to be sold to third  party end  users  with a list
         price of US$ [*]or more,  including,  without limitation,  the Eden 333
         System described on Appendix C.

         "UV Jetting  Technology"  means the  technology  used by  Company's  RP
         Systems  to  transfer  Polyjet  Resin to a surface  for the  purpose of
         building a  three-dimensional  representation  from a computer assisted
         design,  and any similar technology used in RP Systems in which a resin
         or similar  material is  transferred  by expulsion  through  space in a
         spray or jet stream, but excluding Distributor's FDM Technology.

C.       The  specifications on Appendix C above may be modified by Company from
         time to time and with 90-day prior notice,  by delivering a replacement
         Appendix C to Distributor in the manner set forth in Section 19.

D.       When a  Distributor  System  is  compared  with a System  to  determine
         whether  such  Distributor  System  competes or is  competitive  with a
         System for purposes of this Agreement, the determination shall be based
         on [*].

         2.       Appointment.

A.       Grant  of  Exclusive   Distribution  Right.  Subject  to  Distributor's
         continued  compliance with the terms of this Agreement,  Company grants
         and Distributor accepts the exclusive right to market and sell Products
         solely  for  installation  and use at end  user  customers'  facilities
         located  within the  Territory (as defined in Appendix E hereto) and to
         obtain and  submit  Product  orders to Company  during the Term of this
         Agreement  as  specified  in Section 9 hereof.  During the  Exclusivity
         Period  and  except as  otherwise  provided  herein,  Company  will not
         directly or indirectly market,  sell or distribute Systems or any other
         Products  that are sold for use in or with the Systems in the Territory
         and shall  effect  all such  sales of Systems  and other  Products  for
         installation or use in the Territory by or through Distributor.

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B.       Joint  Marketing  and  Sales  Efforts.  If  Company  desires  to market
         Products  to  prospective   customers  located  in  the  Territory  for
         installation  or use of the Products  outside of the  Territory,  where
         such  customer  may also be a potential  customer  for  Products in the
         Territory,  then prior to commencing  any such  marketing  efforts with
         respect to a prospective  customer,  Company shall notify Distributor's
         Chief Executive  Officer or Vice President of Sales of the metropolitan
         area in which such  prospective  customer is located  (but shall not be
         required to name the prospective  customer).  However,  [*] Company and
         Distributor  shall develop a  coordinated  sales effort with respect to
         such prospective customer.

C.       Restriction  on  Distributor's  Sales.  Except as  otherwise  expressly
         permitted in this Agreement, during the Exclusivity Period, Distributor
         will not sell for installation in the Territory any RP Systems that are
         competitive  with the Eden  333  System  or any  other  Products  being
         marketed or sold in connection  therewith  pursuant to this  Agreement,
         nor will  Distributor  sell any maintenance  services or resin that are
         competitive  with  those,  as the case may be,  being  marketed or sold
         pursuant  to this  Agreement.  Company  acknowledges  that  none of the
         Distributor   Systems   being   manufactured,   marketed  and  sold  by
         Distributor on the date of this Agreement are competitive with the Eden
         333 System. If Distributor  announces that it will begin to sell in the
         Territory a Distributor  System that is  competitive  with the Eden 333
         System,  Company shall have the right to terminate the  exclusivity  of
         Distributor's distributorship under this Agreement by written notice to
         Distributor   given  not  later   than  90  days   after  the  date  of
         Distributor's  announcement,  in which case (i) all of the restrictions
         on  Company's  right to market,  sell and  distribute  Products  in the
         Territory  under Section 2A and 2B or to appoint other  distributors to
         market,   sell  and  distribute  Products  in  the  Territory  and  its
         obligations  under Sections 6B and 8B shall lapse, and (ii) Distributor
         shall have the right to sell such  Distributor  System in the Territory
         notwithstanding  the other  provisions  of this  Section 2C. If Company
         does not  give  such a  notice  within  such  90-day  period,  then the
         Exclusivity Period will continue,  and Distributor shall have the right
         to sell such Distributor System without restriction.

D.       Loss of Exclusivity.

         (i)      In the event that  Distributor  has not ordered [*] total Eden
                  333  Systems  by the end of [*] months  from the date  hereof,
                  Distributor  shall be  required  to pay the Company the sum of
                  $[*] as an advance  payment  for  future  orders of Systems in
                  order to maintain its exclusivity hereunder (the "Supplemental
                  Advance").  If the Distributor neither orders the [*] Eden 333
                  Systems  by the end of said [*] months  nor pays  Company  the
                  Supplemental  Advance  within  20 days  thereafter,  then  (a)
                  Distributor   shall  be  thereby   deemed  to  have  lost  its
                  exclusivity  hereunder and shall thereafter be a non-exclusive
                  distributor  of the  Products  in the  Territory  and  (b) the
                  restriction on Company's right to market,  sell and distribute
                  Products  in the  Territory  under  Sections 2A and 2B and its
                  obligations  under  Sections  6B  and 8B  shall  automatically
                  lapse.  Distributor  may regain  exclusivity  in the Territory
                  only if it has submitted by the first  anniversary of the date
                  hereof binding  purchase  orders to the Company for a total of
                  [*] Eden 333 Systems, in which case all of the restrictions on
                  Company's right to market, sell and distribute Products in the
                  Territory  under  Section  2A  and  2B  or  to  appoint  other
                  distributors  to market,  sell and distribute  Products in the
                  Territory and its  obligations  under Sections 6B and 8B shall
                  be reinstated.

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         (ii)     If Distributor  has not ordered the Minimum Annual Sales Quota
                  of Eden 333 Systems  during each  subsequent  year of the Term
                  (whether  as set  forth  on  Appendix  F or as  agreed  by the
                  parties  in  accordance  with  Section  9  hereof),  then  (a)
                  Distributor   shall  be  thereby   deemed  to  have  lost  its
                  exclusivity  hereunder and shall thereafter be a non-exclusive
                  distributor  of the  Products  in the  Territory  and  (b) the
                  restrictions on Company's right to market, sell and distribute
                  Products  in the  Territory  under  Section  2A and 2B and its
                  obligations  under  Sections  6B  and 8B  shall  automatically
                  lapse.

         (iii)    Anything  in clause  (ii) of this  Section 2D to the  contrary
                  notwithstanding,  if at the end of the first,  second or third
                  Agreement  Quarter  of the  third  year  of the  Term  of this
                  Agreement,  Distributor has not ordered an average of [*] Eden
                  333 Systems per  Agreement  Quarter  during such third year of
                  the Term, then (a) Distributor shall be thereby deemed to have
                  lost its  exclusivity  hereunder  and  shall  thereafter  be a
                  non-exclusive distributor of the Products in the Territory and
                  (b) the  restrictions on Company's  right to market,  sell and
                  distribute  Products in the Territory  under Section 2A and 2B
                  and  its   obligations   under   Sections   6B  and  8B  shall
                  automatically lapse.

E.       Suspension of Minimum Annual Sales Quota. Anything in Section 2D to the
         contrary  notwithstanding,  if (i) Company issues a stop ship order due
         to a severe  reliability  problem within the first year of the Term, or
         (ii)  either  party is unable to  perform  its  obligations  under this
         Agreement due to a force majeure, then:

         (1)      Distributor's  obligation to satisfy the Minimum  Annual Sales
                  Quota shall be suspended beginning at the time when any of the
                  foregoing  events  stated in  clauses  (i) or (ii)  begins and
                  ending at the time  when any such  event  ends (the  period of
                  such suspension being referred to as the "Suspension Period");

         (2)      the time during which Distributor shall be required to satisfy
                  the Minimum  Annual Sales Quota or the quota for any Agreement
                  Quarter  as  provided  in clause  (iii) of Section 2D shall be
                  extended  by the a  period  of time  equal  to the  Suspension
                  Period; and

         (3)      the Term of this  Agreement  shall be  extended by a period of
                  time equal to the Suspension  Period and all other  provisions
                  of this  Agreement  relating to the date of this  Agreement or
                  the anniversary  thereof,  such as the definition of Agreement
                  Quarter, shall be modified mutatis mutandis.

F.       Introduction of New Systems.

         (i)      If  Company   intends  to  sell  any  new  System  during  the
                  Exclusivity  Period,  it shall give Distributor  notice of the
                  proposed  sale of such new  System not less than one

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                  (1) month prior to  installation  of such new System at a Beta
                  site. Such notice shall set forth the  specifications for such
                  new System, the proposed Net Transfer Price, the proposed list
                  price,  and such other  information as shall be appropriate to
                  permit  Distributor to evaluate such new System and the market
                  for it in the  Territory.  Between the time of such notice and
                  the  date on  which  Company  launches  such  new  System  for
                  commercial sales anywhere in the world (the "New System Launch
                  Date"),  Company and Distributor shall determine in good faith
                  whether  Distributor  is then selling or proposing to sell any
                  Distributor  System  that would be  competitive  with such new
                  System.

         (ii)     If the  parties  determine  that  such  new  System  would  be
                  competitive  with any  Distributor  System  or if they  cannot
                  agree before the New System Launch Date,  either party can, by
                  notice  given to the other not later  than ten (10) days after
                  the New System  Launch  Date (such  notice  being  referred to
                  herein as an "Exclusion Notice"), exclude such new System from
                  this Agreement.  In that case, Company shall have the right to
                  sell  such  new  System  and  related  Products   directly  or
                  indirectly  in the  Territory  without  violating  Section  2A
                  hereof.

         (iii)    If  the  parties   determine  that  such  new  System  is  not
                  competitive with any Distributor  System, or if they determine
                  that it is competitive or cannot agree but neither party gives
                  a Notice  of  Exclusion  within  ten (10)  days  after the New
                  System Launch Date, then such new System shall be deemed to be
                  a System subject to this Agreement.  In that case, Distributor
                  shall have the right to sell other Distributor Systems without
                  violating  Section 2C. In  addition,  Company and  Distributor
                  shall negotiate in good faith reasonable  Minimum Annual Sales
                  Quotas,  prices and other  material  terms of the sale of such
                  new System to Distributor hereunder that relate solely to such
                  new System rather than to Systems generally.

         3.       Distributor   Responsibilities.   During   the  Term  of  this
                  Agreement,     Distributor    will    have    the    following
                  responsibilities   in  connection  with  its  distribution  of
                  Products within the Territory:

A.       Product Distribution. Distributor shall use its best efforts during the
         Exclusivity Period, and its commercially  reasonable efforts during any
         period  of  non-exclusivity,  to market  and  distribute  the  Products
         throughout  the  Territory.  Distributor  shall  conduct  business in a
         manner that reflects favorably at all times on the Products  consistent
         with Company's published literature for the Products.

B.       Marketing Plan and Reports. During the Exclusivity Period,  Distributor
         will  diligently  carry out the Marketing  Plan, as appended  hereto as
         Appendix  J.  For  each  calendar  quarter  during  the  Term  of  this
         Agreement, Distributor shall provide Company with a report, in the form
         to be mutually  agreed upon,  generally  setting  forth  details of and
         describing  Distributor's  activities  during  the  preceding  calendar
         quarter  and  activities  planned  for the coming  calendar  quarter to
         implement the Marketing  Plan. To ensure  compliance  with the terms of
         the Marketing  Plan and this  Agreement,  Company shall have the right,
         upon a reasonably  advance written notice, to inspect and audit, at its
         own costs,  the relevant  sales and service  records of  Distributor as
         they  relate in general to  implementation  of the  Marketing  Plan and
         performing Distributor's obligations hereunder. Company, however, shall
         have no right to examine or audit Distributor's records with respect to
         any  particular  customer  nor shall  Company be entitled to obtain the
         names  of  Distributor's   customers  and  related  contact  and  other
         customer-specific  information  or  any  information  relating  to  the
         manufacture,  marketing,  sale, or maintenance  of Distributor  Systems
         (whether  separately  or jointly with the Systems) in  connection  with
         Company's examination of Distributor's records.

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C.       Order   Forecasts.   Distributor   will  provide  monthly  an  updated,
         non-binding  Product forecast of the number of Systems that Distributor
         expects to order in the succeeding 90-day period. During the two months
         immediately  preceding  the  first  anniversary  of  the  date  hereof,
         Distributor  and  Company  will  negotiate  in good faith a  reasonable
         arrangement   by  which  Company  can  rely  on   reasonably   accurate
         forecasting  from  Distributor in order to align  Company's  production
         capacity with Distributor's  actual requirements for Products,  without
         creating  excessive   overcapacity  and  thereby  maintain   reasonable
         production efficiencies.

D.       Adequate Facilities and Personnel.  Distributor shall maintain adequate
         facilities  and an adequate,  trained  Distributor  sales force for the
         regular  solicitation  of customers  and prospects  located  within the
         Territory.  Distributor will hire one Product Manager  dedicated to the
         Products and assign AE  (Application  Engineer)  specialists  and FSE's
         (Field  Service  Engineers)  trained to  support  the  Products  in the
         Territory.  The Product Manager will serve as a liaison and chief point
         of contact between  Distributor and Company for all Product  marketing,
         sales and technical issues and updates.  Distributor's  Product Manager
         and senior  sales  management  shall meet with  Company on a  quarterly
         basis in the Territory to jointly  discuss  product  positioning and to
         share all  customer  feedback  with respect to the  performance  of the
         Products.  Distributor  shall  have no  obligation  to  provide  R&D or
         manufacturing to Company for the Systems or other Products.

E.       Conducting  Business for Own  Account.  Distributor  shall  conduct all
         business  hereunder in its own name as an independent party, and not as
         an agent of, or partner or joint venturer with, Company,  including the
         payment of all wages, taxes, costs, expenses and other amounts incurred
         in  Distributor's  business and  specifically in its performance  under
         this Agreement.

F.       Orders in Compliance with Specifications. Distributor shall solicit and
         accept orders only for Products having the Product  Specifications  set
         forth on Appendix C, as modified or amended.

G.       Promotional  Efforts.  Distributor  shall  advertise  the  Products  in
         advertising  media of Distributor's  choice in a manner consistent with
         advertising of Distributor  Systems.  Distributor shall make use of all
         promotional  material supplied by the Company,  which shall be supplied
         at Company's expense.  In this regard,  Distributor shall implement the
         commitments specified for marketing and advertising as specified in the
         Marketing  Plan,  which  Company  views  as a  fundamental  part of the
         implementation  of  this  Agreement.   Distributor  shall  comply  with
         Company's  reasonable branding  guidelines and advertising  policies as
         advised by Company from time to time,  provided  that such  policies do
         not require Company to engage in marketing or advertising  efforts that
         are  inconsistent  with those  conducted for  Distributor  Systems.  In
         addition, Distributor shall have the right to modify product literature
         provided by Company in  accordance  with  Section 6E to conform it with
         literature  Distributor  uses in connection with the marketing and sale
         of  Distributor  Systems and  related  products,  subject to  Company's
         consent to such modifications,  which consent shall not be unreasonably
         withheld.

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H.       Representations   to   Customers.   Distributor   will   not  make  any
         representations or give any warranties concerning the Products or their
         capabilities that are false or misleading in any way or go beyond those
         warranties and representations made by Company in this Agreement and in
         the documentation supplied by it.

I.       Integration and Installation.  Distributor shall be responsible for the
         installation,  integration  and  implementation  of the Products at the
         customers'  sites and for  training  customer  personnel in the use and
         maintenance of the Products.  Installation shall include, among others,
         site analysis, network configurations and software installation.

J.       Technical  Support.  Distributor  shall ensure a  reasonably  competent
         sales  and  technical   support   organization  to  provide  sales  and
         first-line  technical  support  for  the  Products  to  its  customers,
         responding  to  customers'  inquiries  by  e-mail or phone  within  one
         business  day.  Distributor  and its staff shall  develop and  maintain
         sufficient  knowledge of the RP industry,  the Products and competitive
         offerings  to be able to  demonstrate  and  support  the  Products  for
         customers.  Distributor  will ensure that only  Distributor's  computer
         programmers  and  engineers  who have been  specifically  authorized by
         Company will request  technical  assistance  from  Company's  technical
         support specialists. Distributor will use Products only as specified in
         documentation supplied by Company.

K.       Maintenance and Support  Services.  Distributor  will offer support and
         maintenance  services for the Products to its customers.  The scope and
         quality of such support and  maintenance  services  shall be subject to
         Company's review and approval, which approval shall not be unreasonably
         withheld or delayed.  Distributor  will be responsible  for maintaining
         the proper level of spare parts inventory for the Territory, which will
         include  initially  purchasing $[*] of recommended spare parts and will
         require   additional   purchases   according  to  requirements  in  the
         Territory. The recommended spare parts list and the Net Transfer Prices
         thereof are set forth in Appendix A

L.       Demonstration Systems. Distributor shall maintain demonstration Systems
         capable of supporting the most technically  advanced  Products in order
         to support its marketing  obligations  hereunder  (each such System,  a
         "Demo  System").   Distributor  will  identify  the  configuration  and
         location of all Demo Systems upon request of Company.  Distributor will
         purchase  [*] Eden 333 Demo  Systems  at a Net  Transfer  Price of $[*]
         each, as provided in Section 10D. Company acknowledges that Distributor
         intends to [*]. If  Distributor  sells  Systems other than the Eden 333
         System, then Distributor may reduce the number of Eden 333 Systems used
         as Demo  Systems  and add one or more such other  Systems to be used as
         Demo Systems.

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M.       Initial Training.  All of Distributor's  sales and technical  personnel
         employed  to sell and  support  the  Products  shall be trained  either
         directly  by Company or by  Distributor  trainers  trained by  Company.
         Distributor  initially  shall,  at its sole cost and expense,  cause an
         adequate number of Distributor personnel to participate in all relevant
         sales and  technical  training  courses on  existing  Products  for the
         purpose  of  selling  and   supporting   such   Products   after  their
         introduction.

N.       Ongoing Training. When Company offers training courses for new Products
         or major Product upgrades or enhancements,  Distributor shall cause its
         relevant  personnel  to  attend  such  training  courses.  In any case,
         however,  Distributor  personnel  shall  be  required  to  attend  such
         training courses only if they are offered in the Territory or Europe or
         by remote learning methods.

O.       Information.  Distributor  shall keep  Company  informed as to problems
         encountered  and  resolutions  proposed with respect to the performance
         and operation of the Products.  Distributor  shall also  communicate to
         Company,  on an on-going  basis and upon request,  any and all customer
         feedback regarding the Products, the positioning of the Products in the
         RP market,  customers' RP or detailed  application  needs,  maintenance
         service,  resins  and  any  changes,  improvements,   modifications  or
         enhancements  thereof  suggested  by any  customer,  or any employee or
         agent of  Distributor,  as well as any and all  surveys  regarding  the
         Products and the service, including any industry-by-industry  analyses.
         Distributor  further  agrees  that  Company  shall  be and  remain  the
         exclusive  owner of such  information,  but only as it  relates  to the
         Products. Anything herein to the contrary notwithstanding,  Distributor
         shall have no obligation to identify any of its customers or to provide
         Company with any  customer-specific  information nor shall  Distributor
         have any obligation to provide Company with any  information  regarding
         Distributor Systems or the manufacture,  marketing, sale, distribution,
         service or maintenance thereof;  provided,  however, that Company shall
         have the right to meet with and/or interview  representative  customers
         from time to time as long as  Distributor  arranges  such  meeting  and
         Company's   representative   at  such  meeting  is   accompanied  by  a
         representative of Distributor.

P.       Marketing  Campaigns.  Distributor  shall take an active part in any of
         Company's   marketing   programs  and  campaigns.   Distributor   shall
         participate in, at Distributor's  expense,  and prominently display and
         promote the Products at relevant trade shows, road shows,  seminars and
         other similar marketing events in the Territory where reasonable.

Q.       Return of Defective  Materials.  Distributor  will return,  [*] certain
         defective parts,  including in particular Polyjet Jetting Heads, in the
         manner designated by the Company, noting the machine serial number from
         which the  defective  part was taken  and,  in the case of a  defective
         Polyjet Jetting Head, the block location of said head.

R.       Quality Checks. From time to time, upon Company's request,  Distributor
         shall  provide  Company  with  randomly  selected  samples of packages,
         documentation,  and  promotional  materials  and other  such  materials
         related to the Products that are prepared by Distributor. To the extent
         that  Company  advises  Distributor  that such items are  deficient  or
         inaccurate,  Distributor will change them pursuant to Company's written
         instructions.

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S.       Modification of Parties'  Responsibilities.  If the Exclusivity  Period
         terminates,  the parties will negotiate in good faith a modification of
         Distributor's  responsibilities  under  this  Section  3 and  Company's
         responsibilities  under  Section  6  as  appropriate  to  conform  such
         responsibilities  to those customary for a  non-exclusive  distribution
         agreement in like circumstances.

         4.  Distributor   Representations.   Distributor  makes  the  following
representations to Company:

A.       General.  Distributor  is a  public  company  (as  defined  in the U.S.
         Securities  Exchange  Act of  1934)  and has  been in the RP  business,
         including manufacture and global sales of RP Systems, for over 10 years
         and plans to continue its growth in this business,  including by way of
         distributing the Products of the Company.

B.       Other RP Development and Patents. Distributor holds patents in [*].

C.       Development and Manufacture of Other [*] RP Products. [*]

D.       Distributor Financial Condition.  Distributor's financial statements as
         set forth in its periodic filings with the U.S. Securities and Exchange
         Commission  (the "SEC") are true and correct in all  material  respects
         and accurately reflect Distributor's financial condition and results of
         operations as at the dates specified therein.

E.       Corporate  Power and  Authority;  Enforceability.  Distributor  has the
         necessary corporate power and authority to execute, deliver and perform
         this Agreement.  This Agreement has been duly executed and delivered by
         Distributor, and assuming due authorization,  execution and delivery by
         Company,  constitutes the valid and binding  obligation of Distributor,
         enforceable in accordance with its terms.

         5. Distributor's Additional Covenants.  Distributor makes the following
covenants and agreements with Company in connection with  Distributor's sale and
distribution of the Products hereunder:

A.       Service  Bureau for [*].  Distributor  [*] on Systems [*] and installed
         and used [*].  Distributor  [*] in connection with  Distributor's  [*].
         Company acknowledges that it [*], except from [*].

                                       10
<PAGE>

B.       Restrictions on  Distributor's  Development,  Manufacture or Sale of RP
         Systems.  During [*],  Distributor  [*]. During [*],  Distributor  [*].
         During [*]  Distributor  personnel  (whether  employee,  consultant  or
         contractor)  who have  had  direct  access  to  Company's  Confidential
         Information  (as  defined in Section  12) used in  connection  with the
         operation of the Systems [*]. Distributor  acknowledges that if, during
         [*], it desires [*], then Distributor [*]. This provision shall [*].

C.       Distribution of Other RP Systems [*]. During [*], Distributor [*]. This
         provision shall [*].

D.       Non-Solicit.  Distributor  shall  not  solicit  and/or  hire  Company's
         employees without written approval from Company during the Term of this
         Agreement  and for two (2)  years  following  the  termination  of this
         Agreement.

E.       Referrals   Outside  of  Territory.   Subject  to  Section  2B  hereof,
         Distributor shall refer to Company all customer leads for installations
         of Company  Systems  outside the  Territory so as to enable  Company to
         market  to said  customer  outside  of the  Territory  and will  assist
         Company in said marketing efforts during the Term of this Agreement.

F.       Provision of Financial Statements. If Distributor ceases to be a public
         company during the Term of this Agreement, Distributor shall, from time
         to time, on reasonable notice by Company, furnish Company quarterly and
         annual  financial  statements  similar to those  filed with the SEC and
         such other financial  information as shall be reasonably  necessary for
         Company to determine Distributor's financial condition.

G.       Compliance  with Laws.  Distributor  shall be responsible for complying
         with the laws and regulations applicable to it in the Territory and, to
         the extent that Distributor uses Products in the Territory, to the laws
         and  regulations  applicable  to such  use,  it being  understood  that
         Distributor shall have no responsibility for compliance of the Products
         themselves  with any law or  regulation in the  Territory.  Distributor
         shall bear all expenses and costs related to its  compliance  with such
         laws and regulations  that apply to it. If Distributor  determines that
         any  Product  or its  use in  accordance  with  Company's  instructions
         violates any law or regulation applicable in the Territory, Distributor
         will inform Company of such  violation,  will allow Company  reasonable
         time to modify such Product at  Company's  cost in order to comply with
         the applicable  laws or  regulations,  and, to the extent  practicable,
         will assist  Company with such  compliance  at Company's  cost. If such
         Product fails to comply with such  requirements  after  reasonable time
         and support,  Distributor shall have no further  obligations under this
         Agreement to distribute the said Product.

         6. Company Responsibilities. During the Term of this Agreement, Company
will have the following  responsibilities  in connection with its manufacture of
the Products and their sale to Distributor under this Agreement:

                                       11
<PAGE>

A.       Sales Support. Company shall assist, at Company's expense,  Distributor
         with the preparation of sales proposals or other data for  presentation
         to prospective customers.

B.       Manufacturing Capacity.  Company shall use its best efforts to have the
         manufacturing capacity to satisfy Distributor's  quarterly sales orders
         based on the Minimum  Annual  Sales Quota  during the first year of the
         Term.   Thereafter   throughout   the  Term,   Company  shall  use  its
         commercially  reasonable efforts to have the manufacturing  capacity to
         satisfy  Distributor's  monthly  sales orders based on the  forecasting
         system to be implemented beginning with the second year of the Term, as
         contemplated  in  Section  3C above,  and the number and rate of orders
         previously submitted during the Term.

C.       Matters Concerning Reliability. [*] shall use its best efforts to cause
         the Eden 333  System to have [*]  within  [*].  [*] shall  monitor  all
         information  [*] with  respect to  performance  of the  Systems and the
         Systems'  progress  with  respect to [*]. If (a) [*];  (b) [*]; and (c)
         [*],  then [*] will [*]. The [*] shall  include (i) [*];  (ii) [*]; and
         (iii) [*].

D.       Testing  Prior to  Shipment.  During the first 18 months of the Term of
         this Agreement,  Company will test all Eden 333 Systems for at least 40
         hours prior to  shipment.  Beginning  18 months  after the date of this
         Agreement  and  ending  36  months  after  the date of this  Agreement,
         Company  will test all Eden 333  Systems for at least 20 hours prior to
         shipment.  Thereafter,  Company  shall  test all Eden  333  Systems  in
         accordance  with  its  customary  testing  procedures  for all Eden 333
         Systems to be shipped to Company's customers.

E.       Product  Literature.  Company  shall provide  Distributor  at Company's
         expense with reasonable  quantities of any then-current Company Product
         literature  in  digital  format  in  the  English  language  and  other
         available promotional materials relating to the Products.  Company will
         supply  reasonable  quantities  of printed  materials  as  required  by
         Distributor at the Company's expense.

F.       New Products and Upgrades.  Company will notify  Distributor of all new
         Products  and major  upgrades of  existing  Products  relevant  for the
         Territory  at least three (3) months  prior to their  planned  official
         release.  For all new products and major upgrades that are not relevant
         for the  Territory,  Company will notify  Distributor  at least one (1)
         month prior to its planned  official  release.  Company  will  promptly
         provide  periodic  confidential  communications  and updates  regarding
         modifications to its Products and related matters.

G.       Initial  Training.  Within four weeks after the date of this Agreement,
         Company shall provide initial  training to  Distributor's  personnel at
         Distributor's facility in Eden Prairie, Minnesota, U.S.A., with respect
         to sales, service and maintenance of the Products.

                                       12
<PAGE>

H.       Ongoing Training. Promptly after Company gives notice to Distributor of
         any new Product or any upgrade or enhancement of an existing Product as
         provided  in Section  6F above,  Company  shall  provide  training  for
         Distributor's  personnel  in the  Territory  or in  Europe or by remote
         learning  methods;  in addition,  Company  shall  provide  training for
         Distributor's  personnel  on an ongoing  basis for  product  knowledge,
         product and feature  changes for user operation and for AE, service and
         repair.  Each party shall bear its own expenses in connection  with all
         training  under  this  Agreement,  including  lodging,  travel and meal
         expenses.

I.       Demo Systems.  In order to keep the Demo Systems  fresh,  Company shall
         sell  Distributor  up to [*] Eden 333 Demo  Systems  every 12 months at
         $[*]  each.  Concurrently  with  the  execution  and  delivery  of this
         Agreement,  Company  shall have  delivered  [*] Eden 333 Demo System to
         Distributor.  Company shall  deliver [*]  confidential  operating  Demo
         Systems to Distributor pursuant to Distributor's purchase orders during
         the month of September 2003.

J.       Distributor Branding.  Company hereby authorizes Distributor to add the
         "Stratasys"  logo to identify  the  Products as being  distributed  and
         serviced by  Distributor  in the  Territory,  subject to the review and
         approval of the actual logo label, size and location on the unit of the
         Products,  and  provided  that  Company's  logo and other marks  remain
         unadulterated  and in prominent view on each said unit.  Prior to using
         any  Stratasys  logo or other  trademarks  or trade names in connection
         with the Products,  Distributor will first send Company the exact label
         with logo and information, and Company has final approval on its use.

K.       Material  Safety  Data  Sheets.  Concurrently  with the  execution  and
         delivery  of this  Agreement  and from time to time  during the Term of
         this Agreement upon the request of  Distributor,  Company shall provide
         Distributor with the Material Safety Data Sheets for the Polyjet Resin.

L.       Non-Discrimination. [*].

M.       Compliance  with Laws.  Company shall be responsible  for assuring that
         all Products,  as  manufactured,  comply with all  applicable  laws and
         regulations in the Territory. In particular,  Company shall manufacture
         all  Systems  with new  parts  to the  extent  required  by laws in the
         Territory requiring goods marketed as new be manufactured with new (and
         not used or refurbished) parts.

                                       13
<PAGE>

         7. Company Representations. Company makes the following representations
to Distributor:

A.       Resin  Formula  and  Source.  The  Polyjet  Resin  is  manufactured  in
         accordance  with a formula and know-how that is proprietary to Company,
         and no person has the right to  manufacture  the Polyjet  Resin without
         Company's consent or approval. The Systems will not operate with any UV
         polymer  resin  other  than  the  Polyjet  Resin.  Company  is the sole
         supplier  for its  Polyjet  Resin and has (or has  sourced) a long-term
         continuous  manufacturing  capability  to supply the  Polyjet  Resin to
         Distributor.

B.       Company  Financial  Condition.  Company has or will have the ability to
         finance  the  manufacturing  capacity to build the number of Systems as
         specified under the Minimum Annual Sales Quota.

C.       Safety. Company has taken adequate steps to insure that the Systems and
         the  Polyjet  Resin,  when  used in an office  in  accordance  with the
         documentation  supplied  by  Company  and,  in the case of the  Polyjet
         Resin, stored in Polyjet canisters provided by the Company and disposed
         of in solid form, will not result in injury,  illness or death to human
         beings or animals nor result in damage to property or the environment.

D.       Certain Design Issues. [*].

E.       Insurance.  Company  currently  maintains,  in full  force and  effect,
         insurance  policies  (the  "Company  Insurance  Policies") in scope and
         amount of  coverage  as  described  on  Appendix G hereto.  Company has
         provided  Distributor  with true and  complete  copies  of all  Company
         Insurance  Policies  or  abstracts  thereof.  Company is not in default
         under the provisions of any Company Insurance Policy, has not failed to
         pay any  premiums  due  thereunder,  and has not failed to present  any
         notice or material claim thereunder in a due and timely fashion.  There
         are no claims by Company  pending  under any of the  Company  Insurance
         Policies  as to which  coverage  has been  denied  or  disputed  by the
         underwriters of such policies.

F.       Corporate  Power  and  Authority;   Enforceability.   Company  has  the
         necessary corporate power and authority to execute, deliver and perform
         this Agreement.  The execution and delivery hereof and the consummation
         of the transactions  contemplated  hereby by Company have been duly and
         validly  authorized and approved by Company's Board of Directors and no
         other  corporate or  stockholder  proceedings on the part of Company or
         its Board of  Directors  are  necessary  to  authorize  or approve this
         Agreement or to consummate the transactions  contemplated  hereby. This
         Agreement has been duly executed and delivered by Company, and assuming
         due authorization,  execution and delivery by Distributor,  constitutes
         the valid and binding obligation of Company,  enforceable in accordance
         with its terms.

                                       14
<PAGE>

         8.  Company's  Additional   Covenants.   Company  makes  the  following
covenants  and  agreements   with   Distributor  in  connection  with  Company's
manufacture and sale of the Products hereunder:

A.       Non-Solicit.  Company agrees not to solicit  and/or hire  Distributor's
         employees  without written  approval from  Distributor  during the Term
         hereof  and  for  two  (2)  years  following  the  termination  of this
         Agreement.

B.       Referrals  by  Company  in  Territory.  Subject  to  Section 2B hereof,
         Company shall refer to Distributor all customer leads for installations
         of Company  Systems in the  Territory  so as to enable  Distributor  to
         market to said customer in the Territory and will assist Distributor in
         said marketing efforts during the Term of this Agreement.

C.       Sharing of Certain Expenses.  If a Distributor FSE is required to visit
         a customer  site to change  Polyjet  Jetting  Heads on any Eden System,
         then Company  will  reimburse  Distributor  in an amount equal to fifty
         percent (50%) of Distributor's customer site travel expenses.  Anything
         herein or in Appendix B to the  contrary  notwithstanding,  Distributor
         shall have the right to set off such amounts against amounts payable to
         Company hereunder.

         9. Term and Renewal.  Unless  previously  terminated in accordance with
Section 15 of this  Agreement  and subject to Section 2E,  this  Agreement  will
remain  in  effect  for  an  initial  three-year  term  expiring  on  the  third
anniversary  date  of  this  Agreement.   Thereafter,  this  Agreement  will  be
automatically  renewed  on each  anniversary  date  for an  additional  one-year
renewal term, unless the parties shall not have agreed, at least sixty (60) days
prior to  expiration  of the  then-current  term, on sales goals and the Minimum
Annual Sales Quota for the one-year  renewal  term. If the parties are unable to
agree on such sales goals and Minimum Annual Sales Quota,  this Agreement  shall
terminate at the end of the then-current  term. In connection with  establishing
the sales goals and Minimum Annual Sales Quota for any renewal term, the parties
shall  negotiate  in good faith.  The period  during  which the  Agreement is in
effect as provided in this Section 9 is referred to herein as the "Term".

         10.      Advances, Prices, Purchase Terms and Product Orders.

A.       Initial  Advance.  Distributor  will pay to the  Company a [*]  advance
         payment (the "Initial  Advance").  The first installment of the Initial
         Advance shall be paid  immediately  upon execution of this Agreement by
         cancellation of Company's  indebtedness to Distributor in the amount of
         [*].  The  second  installment  shall  be  paid  by  wire  transfer  in
         accordance with Company's written  instructions of [*] upon the earlier
         of (i) three days prior to the  Distributor's  internal  launch meeting
         for the Products  with its  employees or (ii) thirty (30) calendar days
         from the date hereof  (the  earlier to occur of the actual date of such
         launch meeting and thirty (30) calendar days from the date hereof shall
         be referred to herein as the "Launch Date").

B.       Crediting  of Initial  Advance;  Accounting.  Company  shall credit the
         Initial  Advance  against  payment  for the Net  Transfer  Price of [*]
         ordered  from  Company  until the total  amount of the Initial  Advance
         shall  have  been  applied  to such  payments.  From  time to time upon
         request  of  Distributor,  Company  shall  provide  Distributor  with a
         monthly  accounting  and  reconciliation   compatible  with  accounting
         principles  generally accepted in the United States of the crediting of
         the Initial  Advance and, if applicable,  the  Supplemental  Advance to
         payment  for Systems as herein  provided in such format as  Distributor
         shall reasonably request.

                                       15
<PAGE>

C.       Crediting of Supplemental Advance. If Distributor pays the Supplemental
         Advance to  Company as  specified  in Section 2D hereof,  then  Company
         shall  credit the  Supplemental  Advance  against  payment  for the Net
         Transfer  Price of every System  ordered from Company after the Initial
         Advance shall have been fully  credited  against the sale of Systems as
         contemplated in Section 10B above (i.e., drawn down to zero).

D.       Purchase of Demo  Systems.  For the purposes of  crediting  the Initial
         Advance and the  Supplemental  Advance,  if any,  Eden 333 Demo Systems
         shall not be counted as Systems ordered,  and Distributor shall pay for
         such Eden 333 Demo  Systems  upon order by wire  transfer of the US$[*]
         Net Transfer Price in accordance with Company's written instructions.

E.       Prices,  Purchase  Terms  and  Product  Orders.  Company  will sell the
         Products to Distributor  pursuant  hereto at the Net Transfer Price for
         said Products as set forth on Appendix A, and Distributor shall pay for
         the  Products  in  accordance  with the  Purchase  Terms  specified  in
         Appendix B hereto,  subject to the prior  drawdown  of any  outstanding
         amounts under the Initial Advance or the Supplemental  Advance referred
         to above.  Distributor  will be entitled to place  Product  orders in a
         format provided by the Company.  [*]. Except as provided in Section 8C,
         each Product order will constitute a separate transaction,  and must be
         paid for  regardless  of the status of any other  order or  transaction
         between the parties.

         11.      Trademarks and Trade Names.

A.       Trademark  License.  During the Term of this Agreement,  solely for the
         purpose of the  marketing,  advertising  for, and resale and support of
         the Products in the Territory,  Company hereby grants  Distributor  the
         royalty-free  right and  license  to use and  display  Company's  trade
         names,  trademarks  and  domain  names set forth on  Appendix  L, which
         Appendix Company may, in its sole discretion,  revise from time to time
         (the "Trademarks"),  provided that said license to the Company's domain
         names  shall  be  limited  to the  display  of  said  domain  names  on
         Distributor's  literature  and web site when  referring to the Products
         and solely for the  purpose of  linking  to the  Company's  site.  Such
         license  shall  be  exclusive  except  as to  the  Company  during  the
         Exclusivity  Period. Any such use shall inure to the benefit of Company
         and  shall  be  in  accordance  with  Company's   guidelines  or  other
         instructions  regarding  the use of the  Trademarks,  which  guidelines
         Company  may  modify  from   time-to-time   in  its  sole   discretion.
         Distributor  will not make or  permit  alteration  of the  Products  or
         removal or modification of any tags,  proprietary or copyright notices,
         labels,  or other  identifying marks placed by Company or its agents on
         the Products or  associated  literature,  except with  Company's  prior
         written authorization.

B.       Trademark  Ownership and Usage.  Company  represents,  and  Distributor
         acknowledges  and agrees,  that Company is the exclusive  owner of and,
         except for Distributor's  rights hereunder,  has the exclusive right to
         use the  Trademarks in the Territory.  Distributor  may not contest the

                                       16
<PAGE>

         Trademarks,  or register or attempt to register in any jurisdiction any
         Trademark  or  any  confusingly   similar   trademark  or  trade  name.
         Distributor  shall not do or  suffer  to be done any act or thing  that
         would  impair   Company's  rights  in  its  Trademarks  or  damage  the
         reputation for quality inherent in the Trademarks.  Except as otherwise
         permitted by this Agreement,  Distributor shall market, distribute, and
         support the Products only under the Trademarks, and not under any other
         trademark or logo.  Distributor  agrees not to use the Trademarks  with
         respect  to  any  products  or  materials   not  provided  by  Company.
         Distributor  agrees to provide  Company in advance with samples of each
         of  Distributor's  uses of the  Trademarks.  In  connection  therewith,
         Distributor  agrees that it shall modify to Company's  satisfaction  or
         cease  the use of any  Trademark  to  which  use  Company,  in its sole
         discretion,   may  object.   Distributor   agrees  to  provide  written
         notification  to Company if  Distributor  purchases,  or is offered for
         purchase,  any  products  with a  Trademark  from a source  other  than
         Company, its affiliates or another authorized Company distributor.

         12.      Mutual Protection of Proprietary Rights.

A.       Confidentiality of Information.  Each party (each, a "Receiving Party")
         acknowledges  that it may receive certain  information,  documents,  or
         other materials in connection with the Products,  Distributor  Systems,
         and performance of the obligations of the other party (the  "Disclosing
         Party")  hereunder,  which may  contain  valuable  confidential  and/or
         proprietary  information of the Disclosing  Party,  including,  without
         limitation,   information  in  the  categories  listed  on  Appendix  I
         ("Confidential  Information").  The Receiving  Party agrees to preserve
         and maintain the  confidentiality of all such Confidential  Information
         of the Disclosing Party, which will not be disclosed to any third party
         or  used  in any  way or for  any  purpose  outside  the  scope  of the
         performance of the Receiving Party's  obligations under this Agreement,
         except  that   Confidential   Information   shall  not   include   such
         information:

         (i)      as the  Disclosing  Party may  pre-authorize  in  writing  for
                  disclosure;

         (ii)     already in the Receiving Party's  possession prior to receipt,
                  and where such possession is documented;

         (iii)    generally  available to the public and/or available through no
                  fault or act of the Receiving  Party from a third party source
                  free to disclose such information; or

         (iv)     required to be disclosed under a governmental order,  provided
                  that Disclosing Party is provided with reasonable prior notice
                  of such  order to allow it to seek  pre-disclosure  protective
                  measures.

B.       Ownership  of Company  Intellectual  Property.  Title to all  Company's
         patents,   trademarks,   copyrights,    confidential   or   proprietary
         information  or other  intellectual  property  embodied in the Products
         (including any modification, improvements and enhancements thereof) and
         all  patents,  trademarks,  copyrights,   confidential  or  proprietary
         information, and any other Company intellectual property rights are and
         will remain  Company's sole property,  and nothing in this Agreement or
         the parties' relationship will create or imply any ownership or license
         rights in such property by  Distributor.  Anything in this Agreement to
         the contrary  notwithstanding,  Company shall have the right to enforce
         all of its patents, trademarks, copyrights, confidential or proprietary
         information and other intellectual  rights against any person,  whether
         in or outside the Territory.

                                       17
<PAGE>

C.       Ownership  of   Distributor   Intellectual   Property.   Title  to  all
         Distributor's   patents,   trademarks,   copyrights,   confidential  or
         proprietary   information,   and  any  other  Distributor  intellectual
         property rights, including,  without limitation, any logo, trademark or
         tradename of Distributor used in connection with the marketing and sale
         of the Products,  are and will remain Distributor's sole property,  and
         nothing in this Agreement or the parties'  relationship  will create or
         imply any  ownership  or license  rights in such  property  by Company.
         Anything in this Agreement to the contrary notwithstanding, Distributor
         shall  have  the  right  to  enforce  all  of  its  patent,  trademark,
         copyright,   confidential   or  proprietary   information,   and  other
         intellectual property rights against any person,  whether in or outside
         the Territory.

D.       Challenges to Intellectual  Property  Rights.  Neither party shall seek
         directly   or   indirectly   to   challenge,   invalidate,   or  render
         unenforceable  any patents,  trademarks,  copyrights,  confidential  or
         proprietary  information or other  intellectual  property rights of the
         other party hereto in any manner  whatsoever [*], and without  limiting
         the scope of the foregoing, in any event and at any time, neither party
         shall use any  Confidential  Information  of the  other  party for such
         purpose.

E.       Other  Restrictions on Distributor.  Distributor  shall not directly or
         indirectly: [*].

F.       Infringement of Company Intellectual Property.  During the Term of this
         Agreement,  Company and Distributor  shall each notify the other of any
         known or presumed  counterfeits,  imitations or  infringements by third
         parties of Company's patents, trademarks,  copyrights,  confidential or
         proprietary  information or other  intellectual  property rights in the
         Territory. After Company learns of any such counterfeits, imitations or
         infringements,  whether from the  Distributor  or  otherwise,  it shall
         promptly take such action,  including legal action, as it determines in
         its sole and absolute  discretion is reasonably required to protect the
         patents,   trademarks,   copyrights,    confidential   or   proprietary
         information or other intellectual property and recover damages.

                                       18
<PAGE>

         13. Indemnification; Insurance.

A.       Company  Indemnity.  Company shall indemnify and defend Distributor and
         each of its officers, directors,  employees,  shareholders,  and agents
         (collectively,  the  "Indemnified  Parties"),  and hold the Indemnified
         Parties harmless from, any and all claims, actions or causes of action,
         suits, demands, judgments,  losses,  liabilities,  costs, and expenses,
         including,  without  limitation,  interest,  penalties  and  reasonable
         attorneys'  fees and  expenses  (each,  a  "Claim")  asserted  against,
         resulting  to,  imposed  upon or  incurred  by any  Indemnified  Party,
         directly or indirectly, by reason of or resulting from a claim that any
         Product sold pursuant to this Agreement (a) [*] or (b) [*]

B.       Indemnification Procedure. The respective rights and liabilities of the
         Indemnified  Parties and Company  under  Section 13 shall be subject to
         the following terms and conditions:

         (i)      The Indemnified  Party will give Company prompt written notice
                  of any Claim that such  Indemnified  Party believes is subject
                  to indemnification under Section 13A and Company may undertake
                  to pay such Claim or to defend such Claim by counsel chosen by
                  Company.  Company  shall have no liability  under  Section 13A
                  only if an Indemnified Party's failure or delay to give notice
                  of a Claim has  materially  prejudiced  Company's  ability  to
                  defend such Claim.  Upon  assumption by Company of the defense
                  of any such Claim,  the Indemnified  Party will have the right
                  to  participate in such defense and employ  separate  counsel,
                  but Company will not be responsible  for any fees and expenses
                  of other  counsel  subsequently  incurred  by the  Indemnified
                  Party in  connection  with the  defense  thereof,  unless  (a)
                  Company has agreed to pay such fees and expenses,  (b) Company
                  has failed to employ  counsel in a timely  manner,  or (c) the
                  Indemnified  Party has been  advised by its own  counsel  that
                  there exists actual or potential conflicting interests between
                  Company and the Indemnified Party,  including the availability
                  of one or more legal  defenses  which are different from or in
                  addition to those available to Company. In any event,  Company
                  will not, in  connection  with any such Claim or separate  but
                  substantially   similar   or   related   Claim   in  the  same
                  jurisdiction  arising out of the same general  allegations  or
                  circumstances,  be liable  for the fees and  expenses  of more
                  than one  separate  firm of  attorneys  (in  addition to local
                  counsel) for all the Indemnified Parties unless the defense of
                  one  Indemnified  Party is  unique  or  separate  from that of
                  another Indemnified Party subject to the same claim or action.

         (ii)     If  Company,  within a  reasonable  time after  notice of such
                  Claim,  fails to pay or defend  such  Claim,  the  Indemnified
                  Party will (upon  notice to Company)  have the right,  but not
                  the  obligation,  to  undertake  the  defense,  compromise  or
                  settlement of such Claim by counsel chosen by the  Indemnified
                  Party,  subject  to the right of the  Company  to  assume  the
                  defense  of  such  claim  at any  time  prior  to  settlement,
                  compromise or final determination thereof.

                                       19
<PAGE>

         (iii)    Anything in this Section 13 to the  contrary  notwithstanding,
                  (a) if  there is a  reasonable  probability  that a Claim  may
                  materially adversely affect an Indemnified Party other than as
                  a result of money  damages  or other  monetary  payments,  the
                  Indemnified  Party  shall have the right,  at its own cost and
                  expense, to defend, compromise or settle such Claim by counsel
                  chosen  by the  Indemnified  Party,  with the  consent  of the
                  Company,  which shall not be unreasonably withheld or delayed,
                  and (b) the Company shall not,  without the written consent of
                  the  Indemnified  Party,  settle  or  compromise  any Claim or
                  consent to the entry of any judgment  that does not include as
                  an  unconditional  term  thereof the giving by the claimant or
                  plaintiff  to  the  Indemnified   Party  a  release  from  all
                  liability in respect of such Claim.

C.       Modification or Replacement of Products.  If Company  determines that a
         Product  infringes  or might be held to infringe  upon a third  party's
         intellectual  property rights,  Company may, at its option and expense,
         replace or modify such Product so as to avoid  infringement  or procure
         the right for  Distributor  to  continue  to use,  market and sell such
         Product  in  accordance  with  this  Agreement.   If  neither  of  such
         alternatives is, in Company's opinion, reasonably possible, Distributor
         and its customers  shall return all  infringing  Products to Company at
         Company's expense, and Company's sole liability,  in addition Company's
         obligation  to indemnify  Distributor  as set forth above,  shall be to
         refund the Net Transfer Price paid for such Products by Distributor.

D.       Exclusions.  The foregoing indemnity shall not apply to any Claim based
         upon or arising from (i) any  distribution of the Products  outside the
         scope of the  Agreement,  (ii) use of the Products by  Distributor in a
         manner  for which  they were not  designed  or not in  accordance  with
         applicable documentation approved by Company, (iii) modification or any
         other  tampering  with the  Products  used by  Distributor  not made by
         Company  or its  authorized  employees  or by  employees  or  agents of
         Distributor  trained  or  authorized  by  Company,  or (iv)  use of the
         Products  by  Distributor   in  connection  or  combination   with  any
         equipment, devices or software not supplied or authorized by Company.

E.       Exclusive Remedies. The remedies set forth in this Section 13 represent
         the sole and exclusive remedies of Distributor and the entire liability
         and   obligation   of  Company  with  respect  to  Claims   subject  to
         indemnification under Section 13A.

F.       Certain [*] Claims.

         (i) [*].

         (ii) If [*],  Company  may  terminate  this  Agreement  as  provided in
         Section  15A at any time after the first  year of the Term,  if Company
         determines in good faith that [*].

         (iii)  If  Distributor   determines  that  [*],  then  Distributor  may
         terminate this Agreement as provided in Section 15B.

         (iv) Anything herein to the contrary notwithstanding, after termination
         of this Agreement,  Company shall continue to indemnify all Indemnified
         Parties under this Section 13 against [*] and all other Claims  arising
         with respect to Products sold prior to termination of this Agreement as
         provided in this Section 13F.

                                       20
<PAGE>

         (v) Company  acknowledges that as a condition to its right to terminate
         this Agreement as provided in this Section 13F, it shall be required to
         cease  distribution  of  the  Products  in  the  Territory.  If,  after
         terminating  this  Agreement as provided in this  Section 13F,  Company
         desires to begin  distributing  Products in the  Territory  at any time
         before the third anniversary of this Agreement, it shall offer to enter
         into an agreement with  Distributor for the distribution of Products in
         the Territory on terms no less favorable to Distributor  than the terms
         of this  Agreement.  If  Distributor  rejects  such  offer  or fails to
         respond  to such offer  within  thirty  (30) days  after  Distributor's
         receipt of such offer,  then Company may distribute the Products in the
         Territory through another distributor.

G.       Company Insurance Policies. Company shall maintain in effect during the
         Term of this  Agreement the Company  Insurance  Policies or policies of
         insurance  having  equal  or  greater  coverage  with  comparably-rated
         insurance  companies  and shall  upon  request by  Distributor  provide
         copies or accurate abstracts of such Company Insurance Policies.

H.       Distributor  Indemnity.  Distributor shall indemnify and defend Company
         and  each of its  officers,  directors,  employees,  shareholders,  and
         agents (collectively,  the "Company Indemnified Parties"), and hold the
         Company  Indemnified  Parties  harmless  from,  any and all  Claims  of
         persons  other than the Company,  its officers,  directors,  employees,
         shareholders,  agents and affiliates  asserted  against,  resulting to,
         imposed upon or incurred by any Company Indemnified Party,  directly or
         indirectly,  by reason of or  resulting  from.  [*] The  procedure  for
         indemnification  under  this  Section  13H  shall  be the  same  as the
         procedure set forth in Section 13B, mutatis mutandis.

         14.      Limitation of Liability; Warranty.

A.       Waiver of Punitive  and  Consequential  Damages.  NEITHER  PARTY HERETO
         SHALL  UNDER ANY  CIRCUMSTANCES  BE  LIABLE TO THE OTHER  PARTY FOR ANY
         PUNITIVE DAMAGES OR ANY SPECIAL, INCIDENTAL, INDIRECT, OR CONSEQUENTIAL
         DAMAGES OF THE OTHER PARTY ARISING [*].

B.       Warranty Coverage. The only Product warranties of any kind that Company
         authorizes  Distributor  to  make  to  its  customers  is  the  Limited
         Warranty,  as specified in Appendix D.  Distributor  agrees not to make
         any other warranties or Product claims, or use any specifications other
         than  Product  Specifications,  as  specified  in  Appendix  C,  unless
         otherwise authorized by Company.

                                       21
<PAGE>

C.       Company Warranty Policies and Training.  Distributor agrees to abide by
         all of the Company's then-current  warranty/repair service policies and
         procedures and will  participate in any future Company  warranty/repair
         training  classes  provided by Company in accordance with Section 6G in
         order to enable  Distributor to install  Products and parts,  and/or to
         make Limited  Warranty and other repairs for customers  located  within
         the Territory.

D.       Grant of Limited  Warranty.  Company hereby grants the Limited Warranty
         set forth in Appendix D to Distributor.  COMPANY DISCLAIMS AND EXCLUDES
         ALL  OTHER  WARRANTIES,   EXPRESS  OR  IMPLIED  INCLUDING  ANY  IMPLIED
         WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE. No
         warranty  coverage  will be  available  for any Product  which has been
         subject to abuse, negligence,  accident,  unauthorized  modification or
         alteration or any failure to follow Company instructions, procedures or
         policies.

E.       Replacement  of  Defective  Systems.  [*], if any System  installed  by
         Distributor  in the Territory and used [*]  continuously  and regularly
         malfunctions,  breaks down or otherwise  fails to operate in accordance
         with its  specifications  for a period of [*] despite [*] to repair any
         defects in such System as provided in Section 6C, [*].

         15.      Termination.

A.       Termination by Company. Company has the absolute right to terminate the
         Term  of  this  Agreement,  and  thereby  the  distributorship  and the
         licenses  created by this  Agreement,  from and after the occurrence of
         any of the  following  events  and so long as any such  event  shall be
         continuing:

         (i)      if  Distributor  fails to keep,  perform  and  observe  in any
                  material respect any promise,  covenant or condition set forth
                  in  this   Agreement   and  if  such  failure  or  default  is
                  susceptible  to cure but not  cured  within  90 days  from and
                  after the date notice is received by Distributor  (except when
                  satisfaction  of  such  obligation  requires  activity  over a
                  period  of time  and  Distributor  has  commenced  to  perform
                  whatever  may  be  required  within  such  90-day  period  and
                  diligently continues such performance,  without  interruption,
                  to cure such failure or default); or

         (ii)     if any  representation  or warranty of  Distributor  hereunder
                  shall prove to have been  incorrect  or untrue in any material
                  respect when made; or

         (iii)    if  Distributor  fails to pay, when due, any amount payable to
                  Company  hereunder,  and such  failure is not cured  within 30
                  days from the date Distributor receives notice thereof;

         (iv)     if,  after  the  first  thirty-six  (36)  months  of the Term,
                  Distributor's  exclusive  rights as  specified  in  Section 2A
                  hereof  under  this  Agreement  have  been or shall be lost or
                  otherwise voided in accordance with Section 2C; or

                                       22
<PAGE>

         (v)      if Distributor abandons its business; is declared insolvent or
                  bankrupt or makes an assignment  of a  substantial  portion of
                  its assets for the benefit of creditors;  a trustee,  receiver
                  or other similar representation is appointed with respect to a
                  substantial  portion  of its  assets;  and/or  if  bankruptcy,
                  liquidation or reorganization proceedings are instituted by or
                  against  it which have not been  dismissed,  and such event is
                  not cancelled or otherwise  rectified  within sixty (60) days;
                  or

         (vi)     as provided in Section 13F.

B.       Termination  by  Distributor.  Distributor  has the  absolute  right to
         terminate the Term of this  Agreement  from and after the occurrence of
         any of the  following  events  and so long as any such  event  shall be
         continuing:

         (i)      if Company fails to keep,  perform and observe in any material
                  respect any promise,  covenant or condition  set forth in this
                  Agreement  and if such  failure or default is  susceptible  to
                  cure but not  cured  within  90 days  from and  after the date
                  notice is received by Company  (except  when  satisfaction  of
                  such  obligation  requires  activity over a period of time and
                  Distributor has commenced to perform  whatever may be required
                  within  such  90-day  period  and  diligently  continues  such
                  performance,  without  interruption,  to cure such  failure or
                  default); or

         (ii)     if any  representation  or warranty of Company hereunder shall
                  prove to have been incorrect or untrue in any material respect
                  when made; or

         (iii)    if Company  abandons its  business;  is declared  insolvent or
                  bankrupt or makes an assignment  of a  substantial  portion of
                  its assets for the benefit of creditors;  a trustee,  receiver
                  or other similar representation is appointed with respect to a
                  substantial  portion  of its  assets;  and/or  if  bankruptcy,
                  liquidation or reorganization proceedings are instituted by or
                  against  it which have not been  dismissed,  and such event is
                  not cancelled or otherwise rectified within 60 days; or

         (iv)     if, notwithstanding  Company's satisfaction of its obligations
                  under Section 6C, Distributor determines that [*]; or

         (v)      as provided in Section 13F.

C.       Termination  Notice.  Any  termination of the Term pursuant to Sections
         15A or 15B hereof  shall be  effective  as at the date  specified  in a
         notice of termination  given by the party  terminating  the Term to the
         other party (a "Termination Notice").

D.       Transition-Out.  Except as otherwise  provided in this Agreement,  upon
         termination  or expiration of the Term of this  Agreement,  the parties
         shall have the ongoing rights, duties, responsibilities and obligations
         set forth on Appendix K, Transition-Out, upon expiration or termination
         of this Agreement.

                                       23
<PAGE>

E.       Payments by  Distributor.  Upon  termination or expiration of the Term,
         all  amounts  then  owed to  Company  by  Distributor  for  all  unpaid
         pre-termination  orders shipped and other payments due from Distributor
         to Company hereunder will immediately  become due, and Distributor will
         immediately pay such amounts.

F.       Material  Breach  by  Company.  If  this  Agreement  is  terminated  by
         Distributor  pursuant to clauses (i) or (ii) of Section  15B,  then the
         Company shall,  within 30 days of the termination date specified in the
         Notice of Termination, return to Distributor any portion of the Initial
         Advance or the  Supplemental  Advance (to the extent paid) that was not
         theretofore  credited against the Net Transfer Price of Systems shipped
         prior to Company's receipt of such Notice of Termination. The return of
         such payments  shall not limit or restrict  Distributor's  remedies for
         Company's breach.

         16.      Force Majeure.

A.       Suspension of Performance.  Neither party hereto shall be liable to the
         other for any failure,  delay or interruption in the performance of any
         of the terms,  covenants or  conditions  of this  Agreement  due to any
         Force Majeure.  If any such event, cause or delay occurs as a result of
         a Force Majeure, the party hereto whose performance is affected by such
         Force Majeure shall use all reasonable efforts to cure or overcome such
         interruption,  delay,  event or cause  with all  possible  speed and to
         recommence  such  party's  performance  hereunder.  The  obligation  of
         performance of the parties  hereunder shall  recommence when such Force
         Majeure delaying or preventing performance have ended.

B.       Termination  upon Force Majeure.  Notwithstanding  any other  provision
         hereof,  if during any period of one hundred  eighty (180)  consecutive
         days or  more,  a party  hereto  is  unable  to  perform  any  material
         obligation  under this Agreement as a result of a Force  Majeure,  then
         the other party shall have the right to terminate this  Agreement,  not
         earlier  than thirty (30) days from the date on which such notice shall
         have been given.

         17.  Severability.  If any provision or any portion of any provision of
this Agreement shall be construed to be illegal,  invalid or  unenforceable by a
court of  competent  jurisdiction,  arbitrator  or  regulatory  authority,  such
provision  shall be deemed  stricken and deleted from this Agreement to the same
extent and effect as if never  incorporated  herein, but all other provisions of
this Agreement and the remaining portion of any provision which is legal,  valid
and enforceable shall continue in full force and effect.

         18.  Assignment.  Neither this  Agreement nor any rights or obligations
hereunder can be assigned, sold or otherwise transferred by either party without
the other party's prior written consent,  and any such attempted assignment will
be null and void and subject to  termination  under Section 15, except that that
the Company may assign this Agreement in connection  with the transfer of all or
substantially all of its assets in connection with a sale of its business to one
buyer in one  transaction.  This Agreement shall be binding upon and shall inure
to the benefit of the successors and permitted assigns of the parties hereto.

                                       24
<PAGE>

         19. Notices. Any notice required or desired to be given hereunder shall
be in writing  and in English  and sent to the  addresses  first  above-written,
attention  Chief Executive  Officer,  or such other addresses as are notified in
writing as herein provided, by the parties by hand delivery,  registered mail or
express  courier  service.  Notices  shall be deemed to have been given upon the
expiration of seven (7) days after  mailing as aforesaid to the addressee  (when
sent by registered  mail),  upon the date of receipt as recorded by the delivery
service (when sent by express  courier),  or upon receipt by the addressee (when
delivered by hand).

         20.  Governing Law and Trade Terms.  This Agreement will be governed by
and  construed  in all  respects  in  accordance  with the laws of the  State of
Delaware.  The trade  terms  under this  Agreement  will not be  governed by and
interpreted in accordance  with the provisions of the  International  Commercial
Terms (INCOTERMS),  as amended,  which is expressly excluded and rejected by the
parties by reference.

         21. Arbitration. The parties agree that all disputes between them shall
be settled by binding  arbitration  brought  before a single  arbitrator  in the
State of Delaware in the English  language,  whose  decision  shall be final and
conclusive  upon  the  parties.  The  arbitrator  shall  be  appointed  and  the
arbitration  conducted in accordance with the rules of the American  Arbitration
Association,  within  fourteen  days of a request of one of the parties,  unless
otherwise  agreed to by the parties.  The losing party shall pay the  reasonable
legal  fees  and  expenses  of  the  prevailing   party.   Notwithstanding   the
aforementioned,  each party may seek injunctive relief until an arbitrator is so
appointed. The parties agree that the arbitral award may be enforced against the
parties to the  arbitration  proceeding  or their assets where they may be found
and that a judgment  upon the arbitral  award may be entered in any court having
jurisdiction thereof.

         22. Jurisdiction; Service of Process. The parties hereto hereby consent
to the  jurisdiction  of the federal  and state  courts of the State of Delaware
with  respect  to any  disputes,  claims,  controversies  or  other  actions  or
proceedings  arising under this  Agreement,  subject to Section 21 hereof.  Each
party irrevocably consents to the service of process in any action or proceeding
by the mailing  thereof by the other party by  registered  or  certified  United
States  mail,  postage  prepaid,  to such party at its  address  for  notices as
provided in Section 19.

         23.  Waiver.  Any waiver by any party of a breach of any  provision  of
this Agreement  shall not operate as or be construed to be a waiver of any other
breach  of such  provision  or of any  breach of any  other  provisions  of this
Agreement.  The failure of a party to insist upon strict  adherence to any terms
of this Agreement on one or more occasions  shall not be considered a waiver of,
or deprive that party of the right  thereafter  to insist upon strict  adherence
to,  that  term or any  other  term of this  Agreement.  Any  waiver  must be in
writing.

                                       25
<PAGE>

         24. Execution in Counterparts. This Agreement may be executed by one or
more of the parties hereto in any number of separate counterparts,  and all such
counterparts  taken  together  shall be  deemed to  constitute  one and the same
instrument.  This Agreement  shall be deemed to have been executed upon delivery
by each party of an executed  copy hereof to the other  party by  telecopier  to
such telecopier  numbers as the parties shall agree, and subsequent  transmittal
on the same day of two executed  copies hereof to the other party at its address
for notices as provided in Section 19.

         25.  Entire  Agreement;   Headings.   This  Agreement,   including  all
appendices or exhibits  hereto,  represents and incorporates the parties' entire
understanding  and  agreement,  which  supersedes  any  other  oral  or  written
agreements. There are no other warranties,  representations,  covenants or other
understandings  of  any  kind,  except  as may be  set  forth  herein  or in any
amendment  to this  Agreement  made via a written  instrument  referring to this
Agreement   which  has  been   executed   by  the   parties'   duly   authorized
representatives.  The  headings  which have been used for  convenience  purposes
only, shall not be used in order to construe this Agreement.

                            (Signature Page Follows)

                                       26
<PAGE>

                              Objet Geometries Ltd.
                      North American Distributor Agreement

                                 SIGNATURE PAGE

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
in duplicate originals by their duly authorized officers as of the date hereof.

 Objet Geometries Ltd.:                    Stratasys, Inc.:

 By:                                       By:
     --------------------------               --------------------------
     Adina Shorr                              S. Scott Crump
     Chief Executive Officer                  President

                                       27
<PAGE>

                                   APPENDIX A

                                Products, Prices

<TABLE>
<CAPTION>
Part No.        Description                                                             Net Transfer Price
--------        -----------                                                             ------------------
<S>     <C>
[*]     Objet Eden 333 Rapid Prototyping System (See Appendix C for full specs)         [*]

[*]     Objet Modeling Resin Canister for Polyjet Products (2 kg each)                  [*]

[*]     Objet Support Resin Canister for Polyjet Products (2 kg each)                   [*]

        MISC. HARDWARE

[*]     Single Head Unit Assy                                                           [*]

        SERVICES

         One year standard maintenance agreement for parts to be supplied by the
         [*] company                                                                    [*]

         Distributor  provides all Labor; Company provides all parts (except for
         misuse)
</TABLE>

                                      A-1
<PAGE>

                                       [*]

                                       [*]

                                      A-2
<PAGE>

<TABLE>
<CAPTION>
                                       Objet Eden 333 Products List
------------------- --------------------------- -------------------------- -------- ----------------- -----------------
Cat. No.            Name                        UOM                        Units     Net Transfer       Total Net
                                                                                     Price/kg US$       Transfer Price
                                                                                                        US$
------------------- --------------------------- -------------------------- -------- ----------------- -----------------
<S>                 <C>                         <C>                        <C>
[*]                 Eden 333  110V              EA                         1                          [*]
------------------- --------------------------- -------------------------- -------- ----------------- -----------------
[*]                 Water Jet 110V              EA                         1                          [*]
------------------- --------------------------- -------------------------- -------- ----------------- -----------------
[*]                 FullCure 705 - Support      4-pack of 2 kg cartridges  1        [*]               [*]
                    Eden 333
------------------- --------------------------- -------------------------- -------- ----------------- -----------------
[*]                 FullCure 720 -Model Eden    4-pack of 2 kg cartridges  1        [*]               [*]
                    333
------------------- --------------------------- -------------------------- -------- ----------------- -----------------
[*]                 FullCure 730-Model Gray     4-pack of 2 kg cartridges  1        [*]               [*]
                    Eden 333
------------------- --------------------------- -------------------------- -------- ----------------- -----------------
[*]                 EDEN 333 U/G KIT 110V OLD   EA                         1                          [*]
                    CHASSIS
                    for old users of the
                    QuadraTempo
------------------- --------------------------- -------------------------- -------- ----------------- -----------------
[*]                 EDEN 333 U/G KIT 110V       EA                         1                          [*]
                    DUAL CHASSIS
                    for recent (from Jan 2003
                    installations only)
                    QuadraTempo users
------------------- --------------------------- -------------------------- -------- ----------------- -----------------
                    Eden 333 - Spare parts -    SEE LIST NO. 1 HEREWITH
                    All items
------------------- --------------------------- -------------------------- -------- ----------------- -----------------
                    Eden 333 - Start up Kit     SEE LIST NO. 2 HEREWITH    1                          [*]
                    (Sent with every machine)
------------------- --------------------------- -------------------------- -------- ----------------- -----------------
                    Eden 333 - Consumables      SEE LIST NO.3 HEREWITH
------------------- --------------------------- -------------------------- -------- ----------------- -----------------
</TABLE>

                                      A-3
<PAGE>

1.       Recommended Spare parts -Eden 333 - All items - Price List

<TABLE>
<CAPTION>
 -----------------------------------------------------------------------------------------------------------------------------------
                     Item                          Part No.        Units   Qty   Net Transfer Price    Total     Suggested warranty
                                                                                   per unit (US$)     Extended        per item
                                                                                                        Net
                                                                                                      Transfer
                                                                                                    Price (US$)
 -----------------------------------------------------------------------------------------------------------------------------------
<S>                                          <C>                  <C>       <C>
 SINGLE HEAD UNIT ASSY                       [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 ACS BOARD                                   [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 COMPUTER UNIT EMBEDDED                      [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 OCB/MAIN BOARD                              [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 MAIN POWER SUPPLY UNIT                      [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 WIPER ASSEMBLY                              [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 DRIVE BELT (X BELT)                         [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 DRIVE BELT (Y BELT)                         [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 Z SCREW BELT                                [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 MOTOR BELT Z MOTOR                          [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 Z MOTOR                                     [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 Y LIMIT SENSOR BOARD                        [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 EDEN X ENCODER                              [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 Z LIMIT SENSOR BOARD                        [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 MATERIAL PUMP ASSY                          [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 WASTE PUMP ASSY                             [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 DATA PCI                                    [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 SVC BOARD                                   [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 X MOTOR                                     [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 X DRIVER                                    [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 Y/Z DRIVER (463 LB) BOARD                   [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 LAMP ASSY LEFT                              [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 LAMP ASSY RIGHT                             [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 ROLLER ASSY                                 [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 VACUUM UNIT ASSY E333                       [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 OHDB BOARD                                  [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 X CHAIN 333 ASSY                            [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 Y CHAIN 333 ASSY                            [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 UV LAMPS POWER SUPPLY E333                  [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 TRAY HEAT SENSOR BOARD                      [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 CARTRIDGE SCALE                             [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 MATERIAL PIPE [TYGON] 1/8 x1/4 BLACK        [*]                  Meter     6                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 CLEAR TUBE 4 DIA MT. (VACUUM PIPE )         [*]                  Meter     6                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 NORPRENE BLACK TUBE (40CM)                  [*]                  EA        2                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 RESIN TUBE 5/16X3/16                        [*]                  Meter    0.5                   [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 WIPER BLADE ASSEMBLY                        [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 WIPER RUBBER (BLADE)                        [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 EDEN ROLLER BATH                            [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 FILTER 50u NOMINAL                          [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 FILTER 5u ABSOLUTE                          [*]                  EA        2                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 EXTERNAL CONTAINER                          [*]                  EA        1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 PEG 400 BOTTLED ASSY                        [*]                  EA        2                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 WIPING CLOTHS 9"-9"                         [*]                  Pack      1                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 TRANSPARENCY                                [*]                  EA       20                    [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
 PINK PAPER A4                               [*]                  EA       200                   [*]         [*]        [*]
 -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                      A-4

<PAGE>

2.   Eden 333 - Start Up Kit ***ADD PRICES***

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------
Item                                                  Cat. No.                        UOM               Qty.
------------------------------------------------------------------------------------------------------------------
<S>                                                                                                      <C>
Wiper rubber (blade)                                  [*]                             EA                 1
------------------------------------------------------------------------------------------------------------------
Eden Roller bath                                      [*]                             EA                 1
------------------------------------------------------------------------------------------------------------------
Y Limit Sensor (w/ PCB)                               [*]                             EA                 1
------------------------------------------------------------------------------------------------------------------
Material pipe [Tygon]                                 [*]                             Meter             9.6
------------------------------------------------------------------------------------------------------------------
Material pipe [Tygon]                                 [*]                             Meter             0.5
------------------------------------------------------------------------------------------------------------------
Vacuum pipe                                           [*]                             Meter             12
------------------------------------------------------------------------------------------------------------------
50 micron filter                                      [*]                             EA                 1
------------------------------------------------------------------------------------------------------------------
5 micron filter                                       [*]                             EA                 1
------------------------------------------------------------------------------------------------------------------
Lamp ultra med OSRAM                                  [*]                             EA                 1
------------------------------------------------------------------------------------------------------------------
Cleaning wiping                                       [*]                             Pack               1
------------------------------------------------------------------------------------------------------------------
External Waste Container                              [*]                             EA                 1
------------------------------------------------------------------------------------------------------------------
Norprene black Tube                                   [*]                             Meter             0.8
------------------------------------------------------------------------------------------------------------------
Pink paper                                            [*]                             EA                200
------------------------------------------------------------------------------------------------------------------
Transparency paper                                    [*]                             EA                20
------------------------------------------------------------------------------------------------------------------
Mouse Pad  "Objet Polyjet"                            [*]                             EA                 2
------------------------------------------------------------------------------------------------------------------
Eden333-User Manual                                   [*]                             EA                 1
------------------------------------------------------------------------------------------------------------------
PEG 400 Model bottle (2kg/bottle)                     [*]                             EA                 1
------------------------------------------------------------------------------------------------------------------
PEG 400 Support bottle (2kg/bottle)                   [*]                             EA                 1
------------------------------------------------------------------------------------------------------------------
</TABLE>

                                      A-5
<PAGE>

3.   Eden 333 - Customer Support Consumables

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                    Item                     Part No.               Units       Qty      Net Transfer Price     Total
                                                                                           per unit (US$)     Extended Net
                                                                                                                Transfer
                                                                                                              Price (US$)
---------------------------------------------------------------------------------------------------------------------------------
<S>                                          <C>
WIPER BLADE ASSEMBLY                         [*]                     EA          1            [*]                 [*]
---------------------------------------------------------------------------------------------------------------------------------
WIPER RUBBER (BLADE)                         [*]                     EA          1            [*]                 [*]
---------------------------------------------------------------------------------------------------------------------------------
EDEN ROLLER BATH                             [*]                     EA          1            [*]                 [*]
---------------------------------------------------------------------------------------------------------------------------------
FILTER 50u NOMINAL                           [*]                     EA          1            [*]                 [*]
---------------------------------------------------------------------------------------------------------------------------------
FILTER 5u ABSOLUTE                           [*]                     EA          2            [*]                 [*]
---------------------------------------------------------------------------------------------------------------------------------
LAMP ULTRA MED 400W OSRAM                    [*]                     EA          1            [*]                 [*]
---------------------------------------------------------------------------------------------------------------------------------
EXTERNAL CONTAINER                           [*]                     EA          1            [*]                 [*]
---------------------------------------------------------------------------------------------------------------------------------
PEG 400 Model bottle (2kg/bottle)            [*]                     EA          2            [*]                 [*]
---------------------------------------------------------------------------------------------------------------------------------
PEG 400 Support bottle (2kg/bottle)          [*]                     EA          2            [*]                 [*]
---------------------------------------------------------------------------------------------------------------------------------
WIPING CLOTHS 9"-9"                          [*]                     Pack        1            [*]                 [*]
---------------------------------------------------------------------------------------------------------------------------------
TRANSPARENCY                                 [*]                     EA          20           [*]                 [*]
---------------------------------------------------------------------------------------------------------------------------------
PINK PAPER A4                                [*]                     EA          200          [*]                 [*]
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                      A-6
<PAGE>

                                   APPENDIX B
                                 Purchase Terms

         The following  terms and  conditions are and will remain subject to the
North  America  Distributor  Agreement  and will govern and control all purchase
orders placed with and accepted by Objet Geometries Ltd. ("Company") on or after
the date of the North America Distributor Agreement. Any different or additional
terms in any purchase  order,  correspondence  or other document or proposal are
hereby  objected to and  rejected by Company  unless and only to the extent such
terms are  modified  in writing  and signed by an  authorized  Company  officer.
Unless  otherwise  defined in this  Appendix B,  capitalized  terms used in this
Appendix  B shall  have  the  meanings  ascribed  to them in the  North  America
Distributor Agreement.

         1. Order Acceptance. Company will review all Product orders and provide
Distributor with a timely acceptance within [*] days.  Company will use its best
efforts to fill and ship all accepted Product orders.  Orders placed at full Net
Transfer Price will be accepted.  Each purchase order is a separate  transaction
and may not be tied to any other order or obligation unless agreed to in writing
by Company.  All orders for  Products  listed on Appendix A will be sold through
Distributor within the Territory.

         2. General  Payment  Terms.  The Net Transfer  Price to  Distributor is
ExWorks  Company's  factory  shipping dock.  Distributor is responsible  for all
duties, taxes, levies, and shipping charges,  customer-requested  insurance,  or
other  applicable  charges  or fees of any  kind,  including  collection  costs,
penalties and interest,  associated with therewith. All payments will be made in
U.S.  dollars,  in  full,  within  [*]  days of the  invoice  date,  subject  to
continuing  credit  approval.  Payments  not received by Company when due may be
subject to a late  payment  charge of [*]  percent  [*] per month or the highest
amount permitted by law, whichever is less.

         3.  Title and Risk of Loss.  Title to and risk of loss on all  products
will pass to Distributor  upon tender to commercial  carrier  ExWorks  Company's
factory,  Rehovot,  Israel. All costs and arrangements for shipping insurance or
any other special shipping requests will be solely the Distributor's obligation.

         4.   Shipping.   Company  shall  ship  Products   within  [*]  days  of
confirmation of an the order;  provided,  however,  that if Distributor  submits
orders for more than [*] Systems to be delivered  after [*], as the case may be,
Company  may  ship  Systems  ordered  in  excess  of [*] up to  [*]  days  after
confirmation.  Distributor is responsible  for all shipping and handling  costs.
Company shall ship replacement spare parts when requested (using Return Material
Authorization  or RMA  process)  rather  than  wait for the  returned  RMA part.
Company is responsible  for proper full crating of integrated  Systems and other
Products.  All products will be packaged at no additional  charge to Distributor
in containers suitable for airfreight export shipment.  Shipping and/or delivery
dates are estimates only and will not be binding on Company. Distributor may ask
for shipment by sea and Company will  package the Products  accordingly  with no
additional charges to Distributor if Distributor gives such request prior to the
date on which Company begins to package such Products. Distributor will consider
shipping by sea after the first year after it has  refined its unit  forecasting
to enable the additional time required for shipment by sea.

                                      B-1
<PAGE>

         5. Software License.  All products include a non-transferable  software
license.

         6. Limited  Warranty.  A copy of Company's  current Limited Warranty is
attached and incorporated by reference.

         7.  General.  The  purchase  of any goods  from  Company  and all other
related matters will be governed by and interpreted solely under the laws of the
State  of  Delaware.   THE  UNITED  NATIONS  CONVENTION  ON  CONTRACTS  FOR  THE
INTERNATIONAL SALE OF GOODS IS HEREBY EXCLUDED IN ALL RESPECTS.

                                      B-2
<PAGE>

                                   APPENDIX C

                      Product Description and Specification

                               Eden 333 RP System

Product Description:  Eden 333 RP System Price includes the full
                      electromechanical equipment, its firmware, [*].

 *   Modeling Envelope:    13.4" x 13" x 7.9"

 *   Achievable Accuracy:  0.008 inches. (Achieved on 10"x10"x7.9" build size)
                           0.014 inches. (Achieved on maximum modeling size).

 *   Layer Thickness:      0.0006 inches

 *   Head Temperature:     75(0)C (167(0) Fahrenheit)

 *   Modeling Materials    Acrylic Photopolymer

 *   Dimensions:           52" x 39" x 47" (width x depth x height)

 *   Weight:               450 kg (1000 lbs)

 *   Power Requirements:   110 and 230 VAC 50/60 Hz, 3 KVA, single phase

 *  Regulatory Compliance: CE

 [*].

                                      C-1
<PAGE>

                                   APPENDIX D

                         Limited Warranty to Distributor

[*]

                                      D-1

<PAGE>

         EXCEPT  FOR THE  LIMITED  WARRANTY,  COMPANY  DOES NOT  MAKE ANY  OTHER
WARRANTY OF ANY KIND,  EXPRESS OR  IMPLIED,  INCLUDING  ANY IMPLIED  WARRANTY OF
MERCHANTABILITY  OR FITNESS FOR A PARTICULAR  PURPOSE.  SOME STATES DO NOT ALLOW
LIMITATION OR EXCLUSIONS OF IMPLIED WARRANTIES, SO THE ABOVE LIMITATIONS MAY NOT
APPLY TO DISTRIBUTOR IN CERTAIN STATES.

                                      D-2
<PAGE>

                                   APPENDIX E

                       North America Territory Definition

United States, Canada & Mexico.

[*]

                                      E-1

<PAGE>

                                   APPENDIX F

                           Minimum Annual Sales Quota
                                Eden 333 Systems

First Year
----------
[*]

Second Year
-----------
[*]

Third Year
----------

[*]

                                      F-1
<PAGE>

                                   APPENDIX G

                           Company Insurance Policies

[* 4 pages]

                                      G-1

<PAGE>

                                   APPENDIX H

                              Quadra Tempo Service

[*]

                                      H-1
<PAGE>

                                  Appendix I-A

                   Items Considered Proprietary to Distributor

The following information is considered proprietary to Distributor in respect of
its FDM systems::

o  Sales and Marketing:
A. Customer lists
B. Lead Generation & telemarketing process
C. Sales/Marketing/Service/Accounting  database  information  including contact
   information of customers, prospects, leads/qualified leads.

o  Operations:
A. Material suppliers
B. Our  manufacturing  vendors  names  C.  Spool,  cassette  &  cartridge  chip
   encryption

D. Production  rate of spools,  cartridge or canisters  produced E.  Production
   process & ATP F.  Vendor/Supplier  lists G. Employee lists H. Organization
   chart

I. Employee phone / address list

o  Financials:
A. Financials  not already  publicly  released and  available
B. Product mix
C. Maintenance  revenues
D. Quarterly  number of units by products
E. Productions schedule
F. Forecasts

o Unpublished patent  applications and disclosures
o Strategic plans,  marketing plans or distribution plans
o Any non-public  activities  relating to funding,  distribution,  acquisitions,
  etc.

                                      I-1
<PAGE>

                                  Appendix I-B

                     Items Considered Proprietary to Company

         The  following  information  is  considered  proprietary  to Company in
respect of its Systems:

         o  Sales and Marketing:
         A. Customer lists
         B. Lead Generation & telemarketing process
         C. Sales/Marketing/Service/Accounting  database information  including
            contact information of customers, prospects, leads/qualified leads.

         o  Operations:
         A. Material suppliers
         B. Our manufacturing  vendors names
         C. Spool, cassette & cartridge chip encryption
         D. Production  rate  of  spools,  cartridge  or  canisters produced
         E. Production  process  & ATP
         F. Vendor/Supplier  lists
         G. Employee lists
         H. Organization chart
         I. Employee phone / address list

         o  Financials:
         A. Financials not already  publicly  released and available
         B. Product mix
         C. Maintenance revenues
         D. Quarterly number of units by products
         E. Productions schedule
         F. Forecasts

         o Unpublished  patent  application and  disclosures
         o Strategic  plans, marketing plans or distribution plans
         o Any  non-public   activities  relating  to  funding,   distribution,
           acquisitions, etc.

                                      I-2
<PAGE>

                                   APPENDIX J

                          Distributor's Marketing Plan

[* 1-1/2 pages]

                                      J-1
<PAGE>

                                   APPENDIX K

                  Transition-Out upon Expiration or Termination

Upon expiration or termination of the Agreement for any reason  whatsoever,  the
following shall apply:

Service and spares

Upon termination Distributor will continue to support customers for up to twelve
(12) months in accordance with existing maintenance contracts,  and Company will
supply  spare  parts for this term at  prices,  terms and  conditions  as before
termination.  To the extent that Distributor has no continuing obligations under
a maintenance  agreement with a customer,  Distributor shall provide maintenance
service to such customer on behalf of Company at Distributor's  standard monthly
rates for such maintenance. No provision in this paragraph, or in any other part
of this Agreement, shall relieve Distributor of Distributor's  responsibility to
stock  spares.  Distributor  is expected to  maintain an adequate  inventory  of
spares to support the Systems purchased hereunder.

Material

Upon  termination  Company will become the only supplier of Polyjet Resin to the
customers, provided that such resin continues to be proprietary to the Company.

Orders in process

If this  Agreement  is  terminated,  upon request by  Distributor,  Company will
deliver  Products for orders which it accepted  prior to the  effective  date of
termination and Distributor shall pay for such orders all in accordance with the
provisions hereof; however, Company shall have no obligation to extend credit to
Distributor with respect to such orders.

Distributor stock

Except as  otherwise  provided  in this  Appendix  K or in the  Agreement,  upon
termination  Company shall have the option of buying back from  Distributor  any
new unsold Products  purchased from Objet, at the prices charged to Distributor,
less Objet's  applicable  restocking  charge, if any. Upon termination after the
first  anniversary of the Agreement,  Distributor has the right to sell its Demo
Systems and  inventory  of Products for a period of six months after the date of
termination  or to return all Demo Systems and  inventory of Products to Company
for a full refund at the Net Transfer Price.

Existing Obligations to Customers

Termination  hereunder shall in no way affect  Distributor's  obligations to its
customers with respect to products  previously sold hereunder or with respect to
any indebtedness Distributor then owes to Company.

Existing Obligations of Parties

Upon  termination of this  Agreement all further  rights and  obligations of the
parties shall cease,  except that (A)  Distributor  shall not be relieved of (i)
its  obligation to pay any monies due, or to become due, as of or after the date
of termination,  and (ii) any other obligation set forth in this Agreement which
is to take effect after the date of termination,  (B) Distributor's  obligations
under  Sections  [*],  5D,  and [*] shall  survive  termination,  (C)  Company's
obligations under Sections 8A, 12, 13 and 14 shall survive termination,  and (D)
Company  shall not be relieved of (i) its  obligation to repay any amount of the
Initial Advance or Supplemental Advance to Distributor as required hereunder and
(ii) any other  obligation set forth in this  Agreement  which is to take effect
after the date of termination.

                                      K-1
<PAGE>

Return of materials

Distributor  will return all  Company-owned  materials  within 30 days after the
date  of  termination.  Within  30  days  of a  termination  under  Section  15,
Distributor will send Company a list of customer names with contacts, addresses,
phone  numbers  and the  Products  sold to such  customer  and  related  service
records.

Trademarks and Tradenames

Except to the extent that  Distributor  has rights or duties with respect to the
continued  sale  and  maintenance  of  the  Products  in  the  Territory,   upon
termination  of  this  Agreement,   Distributor  will  immediately  cease  using
Company's  name  and  trademarks  as  an  authorized  Company   distributor  and
discontinue all representations that it is an authorized distributor of Company.
In connection herewith and without limiting the scope of the preceding sentence,
upon termination of this Agreement,  Distributor  shall remove all references to
Company from its letterheads, advertising literature and places of business, and
shall not thereafter use any similar or deceptive name or trademark intending to
give the impression that there is any relationship between the parties.

Confidential Information and other Surviving Provisions

The parties shall continue to be bound by the obligations of confidentiality and
other  provisions  of the  Agreement  which by their  nature  or by their  terms
survive the  expiration  or  termination  of the  Agreement,  including  without
limitation Sections 20, 21 and 22.

                                      K-2
<PAGE>

                                   APPENDIX L

                                Objet Trademarks

Marketing & Technical

Objet
Objet Geometries Ltd.
PolyJet
PolyJet 2nd. Generation
Quadra
QuadraTempo
Eden
Eden333
(Eden260) not to show yet FullCure
FullCure500
FullCure700
Objet Studio
PolyLog
SHR
WaterJet

Domain Names

www.2objet.com
info@2objet.com
www.objet.bus
www.objet.us
www.objet.be
www.objet.net
www.objet.org
www.eden330.com
www.eden260.comEXHIBIT 4.1

     CONSULTING AGREEMENT DATED OCTOBER 14, 2003 BETWEEN HY-TECH TECHNOLOGY
                           GROUP, INC. AND CHRIS KERN

         This Consulting Agreement (the "Agreement") is entered into this 14th
day of October, 2003 by and between Hy-Tech Technology Group, Inc., a Delaware
corporation, having its principal place of business at 1840 Boy Scout Drive,
Fort Myers, FL 33907, (the "Company") and Chris Kern, an individual, with an
address at 1775 Walt Whitman Road, Suite 100, Melville, NY 11747 ("Consultant").

         WHEREAS, the Company wishes to engage Consultant to advise the Company
and Consultant wishes to accept such engagement, all upon the terms and subject
to the conditions contained in this Agreement;

         NOW, THEREFORE, the parties hereto, in consideration of the mutual
consideration and promises contained herein and intending to be bound, hereby
agree as follows:

         1. Appointment. The Company hereby appoints Consultant, and Consultant
agrees to serve as, consultant to the Company, all upon the terms, and subject
to the conditions of this Agreement.

         2. Term. The term of this  Agreement  shall begin on the date first set
forth above and shall continue until October 14, 2004.

         3. Duties of Consultant. Consultant shall advise the Company regarding
business development and management consulting. Consultant shall render such
advice and assistance as the Company may reasonably request of him pursuant to
such duties.

         4. Compensation. In consideration of, and in full payment for, the
entering into this Agreement, the Company hereby agrees to pay Consultant three
million eight hundred thousand (3,800,000) shares (the "Shares") of the
Company's common stock, $.001 par value per share. The Company further agrees,
that prior to issuance of the shares, it will file a registration statement on
Form S-8, including the Shares, with the Securities and Exchange Commission.
Consultant shall be responsible for all travel and other related expenses
incurred by Consultant in connection with the performance of his consulting
duties hereunder, unless otherwise consented to in writing in advance by the
Company.

         5. Status as Independent Contractor. The parties intend and acknowledge
that Consultant is acting as an independent contractor and not as an employee of
the Company. Consultant shall have full discretion in determining the amount of
time and activity to be devoted to rendering the services contemplated under
this Agreement and the level of compensation to Consultant is not dependent upon
any preordained time commitment or level of activity. The Company acknowledges
that Consultant shall remain free to accept other consulting engagements of a
like nature to the engagement under this Agreement. Consultant, however, hereby
undertakes to notify the Company in writing of any engagement undertaken by
Consultant that, in the view of Consultant, creates a conflict of interest with
the Company's engagement of Consultant. Nothing in this Agreement shall be
construed to create any partnership, joint venture or similar arrangement
between the Company and Consultant or to render either party responsible for any
debts or liabilities of the other.

         6. Confidentiality.

                  (a) Consultant acknowledges that in connection with the
services to be rendered under this Agreement, Consultant may be provided with
confidential business information of the Company. Consultant agrees to keep any

<PAGE>

information or materials specifically designated in writing by a responsible
officer of the Company as confidential (the "Confidential Information") in the
strictest confidence and not to disclose or disseminate any such Confidential
Information to any person, firm or other business entity except to those
employees, consultants or other independent contractors of the Company or
Consultant as shall be necessary or advisable for the carrying out of the
purposes of this Agreement and who are under a similar obligation of
confidentiality.

                  (b) The Company acknowledges that Consultant may, in rendering
the services to be rendered hereunder, be utilizing materials that are
proprietary to Consultant. The Company acknowledges that any such materials that
are specifically designated in writing to the Company to be proprietary to
Consultant will remain the property of Consultant and the Company will treat
such materials as confidential information of Consultant and will not disclose
or disseminate any such confidential information to any person, firm or other
business entity except to those employees, consultants or other independent
contractors of the Company or Consultant as shall be necessary or advisable for
the carrying out of the purposes of this Agreement and who are under a similar
obligation of confidentiality.

         7. Indemnification. The Company shall indemnify Consultant for any
loss, damage, expenses, claims or other liabilities (including, without
limitation, attorneys' fees) resulting from a breach or alleged breach of any of
the representations and warranties of the Company, or the failure of the Company
to perform any of its obligations, contained in this Agreement.

         8. Amendments, Modifications, Waivers, Etc. No amendment or
modification to this Agreement, nor any waiver of any term or provision hereof,
shall be effective unless it shall be in a writing signed by the party against
whom such amendment, modification or waiver shall be sought to be enforced. No
waiver of any term or provision shall be construed as a waiver of any other term
or condition of this Agreement, nor shall it be effective as to any other
instance unless specifically stated in a writing conforming with the provisions
of this Paragraph 8.

         9. Successors and Assigns. This Agreement shall be enforceable against
any successors in interest, if any, to the Company and Consultant. Neither the
Company nor Consultant shall assign any of their respective rights or
obligations hereunder without the written consent of the other in each instance.

         10. Notices. Any notices required or permitted to be given under this
Agreement shall be effective upon receipt at the respective addresses in the
recitals to this Agreement unless the address for notice to either party shall
have been changed by a notice given in accordance with this Paragraph 10.

         11. Governing Law. This Agreement shall be governed by, and construed
in accordance with, the substantive laws of the State of New York for contracts
executed and to be performed wholly within such state, without regard for
principals of conflicts of laws.

         IN WITNESS WHEREOF, the parties hereto have set their respective hands
as of the date first above written.

HY-TECH TECHNOLOGY GROUP, INC.

By: /s/ Martin Nielson                            /s/ Chris Kern
    ------------------                            --------------------------
       Martin Nielson                             Chris Kern
       Chief Executive Officer

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