Document:

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                                  EXHIBIT 10.2

                          REGISTRATION RIGHTS AGREEMENT

         THIS REGISTRATION RIGHTS AGREEMENT (this "Registration Rights
Agreement") is made as of June 30, 2000, by and between Pinnacle Global Group,
Inc., a Texas corporation (the"Company"), and Arnold J. Barton, Richard D.
Grimes, Jack D. Seibald, Allison Weiss, Deborah Weiss, Neil Lauro, and John
Conlon ("Shareholders").

         WHEREAS, on the date hereof, the Company, the Shareholders (as the
former shareholders of Blackford Securities Corporation), Sanders Morris Harris,
Inc. ("SMH"), and Blackford Securities Corporation ("BSC") have entered into
that certain Merger Agreement pursuant to which BSC was merged with and into
SMH, and by virtue of such merger, the Company became the owner of all of the
outstanding capital stock of BSC, and the Shareholders received, in partial
consideration for their shares in BSC, an aggregate of 1,000,000 shares of
Common Stock, $.01 par value, of the Company (the "Shares");

         WHEREAS, the consummation of the Merger Agreement was conditioned upon
the parties entering into this Agreement, pursuant to which the Shareholders
agree not to sell the Shares until after June 30, 2001, and pursuant to which
the Company agrees, to grant certain registration rights with respect to the
Shares, not to be effective, however, until after June 30, 2001;

         NOW, THEREFORE, in consideration of the mutual promises and covenants
set forth herein, the parties hereby agree as follows:

                                    ARTICLE I

                                   DEFINITIONS

         As used in this Agreement, the following terms shall have the meanings
set forth below:

         "COMMISSION" shall mean the Securities and Exchange Commission or any
other federal agency at the time administering the Securities Act.

         "REGISTRABLE SECURITIES" shall mean (i) the Shares; and (ii) any Common
Stock issued or issuable at any time or from time to time in respect of the
Shares upon a conversion stock split, stock dividend, recapitalization or other
similar event involving the Company.

         The terms "REGISTER", "REGISTERED," and "REGISTRATION" refer to a
registration effected by preparing and filing a registration statement in
compliance with the Securities Act, and the declaration or ordering by the
Commission of the effectiveness of such registration statement.

         "REGISTRATION EXPENSES" shall mean all expenses, other than Selling
Expenses (as defined below), incurred by the Company in complying with this
Registration Rights Agreement, including, without limitation, all registration,
qualification and filing fees, exchange listing fees, printing expenses, escrow
fees, fees and disbursements of counsel for the Company, blue sky fees and
expenses, the expense of any special

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<PAGE>

audits incident to or required by any such registration (but excluding the
compensation of regular employees of the Company which shall be paid in any
event by the Company).

         "SECURITIES ACT" shall mean the Securities Act of 1933, as amended, or
any similar federal statute and the rules and regulations of the Commission
thereunder, all as the same shall be in effect at the time.

         "SELLING EXPENSES" shall mean all underwriting discounts, selling
commissions and stock transfer taxes applicable to the securities registered by
the holders of the Registrable Securities and, except as set forth above, all
fees and disbursements of counsel for such holders.

         "SHAREHOLDERS" shall mean Arnold J. Barton, Richard D. Grimes, Jack D.
Seibald, Allison Weiss, Deborah Weiss, Neil Lauro, and John Conlon.

         "UNDERWRITTEN PUBLIC OFFERING" shall mean a public offering in which
the Common Stock is offered and sold on a firm commitment basis through one or
more underwriters, all pursuant to (i) an effective registration statement under
the Securities Act and (ii) an underwriting agreement between the Company and
such underwriters.

                                   ARTICLE II

                                LOCK-UP AGREEMENT

         2.1 LOCK-UP. Each of the Shareholders hereby covenant and agree, upon
behalf of themselves and their heirs, that from the date hereof through June 30,
2001, each such Shareholder shall not, directly or indirectly, sell, convey,
pledge, transfer, or assign any of the Shares.

                                   ARTICLE III

                               REGISTRATION RIGHTS

         3.1      PIGGYBACK REGISTRATION.

                  3.1.1 Subject to the terms hereof, if at any time or from time
         to time (but in no event before June 30, 2001) the Company shall
         determine to register any of its securities (except for registration
         statements relating to employee benefit plans or exchange offers),
         either for its own account or the account of a security holder, the
         Company will promptly give to the holders of Registrable Securities
         written notice thereof no less the 30 days prior to the filing of any
         registration statement; and include in such registration (and any
         related qualification under blue sky laws or other compliance), and in
         the underwriting involved therein, if any, such Registrable Securities
         as such holders may request in a writing delivered to the Company
         within 20 days after the holders' receipt of Company's written notice.

                  3.1.2 The holders of Registrable Securities may participate in
         any number of registrations until all of the Shares held by holders of
         Registrable Securities have been registered or until the Shares are
         transferable without restriction pursuant to Rule 144 under the
         Securities Act.

                  3.1.3 If any registration statement is an Underwritten Public
         Offering, the right of holders of Registrable Securities to
         registration pursuant to this Section shall be conditioned upon each
         such

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         holder's participation in such reasonable underwriting arrangements as
         the Company shall make regarding the offering, and the inclusion of
         Registrable Securities in the underwriting shall be limited to the
         extent provided herein. Holders of Registrable Securities and all other
         shareholders proposing to distribute their securities through such
         underwriting shall (together with the Company and the other holders
         distributing their securities through such underwriting) enter into an
         underwriting agreement in customary form with the managing underwriter
         selected for such underwriting by the Company. Notwithstanding any
         other provision of this Section, if the managing underwriter concludes
         in its reasonable judgment that the number of shares to be registered
         for selling shareholders (including the holders of Registrable
         Securities) would materially adversely effect such offering, the number
         of Shares to be registered, together with the number of shares of
         Common Stock or other securities held by other shareholders proposed to
         be registered in such offering, shall be reduced on a pro rata basis
         based on the number of Shares proposed to be sold by the holders of
         Registrable Securities as compared to the number of shares proposed to
         be sold by all shareholders. If any holder of Registrable Securities
         disapproves of the terms of any such underwriting, it may elect to
         withdraw therefrom by written notice to the Company and the managing
         underwriter, delivered not less than 10 days before the effective date.
         The Registrable Securities excluded by the managing underwriter or
         withdrawn from such underwriting shall be withdrawn from such
         registration, and shall not be transferred in a public distribution
         prior to 120 days after the effective date of the registration
         statement relating thereto, or such other shorter period of time as the
         underwriters may require.

                  3.1.4 The Company shall have the right to terminate or
         withdraw any registration initiated by it under this Section prior to
         the effectiveness of such registration whether or not the holders of
         Registrable Securities have elected to include securities in such
         registration.

         3.2 EXPENSES OF REGISTRATION. All Registration Expenses shall be borne
by the Company. Unless otherwise stated herein, all Selling Expenses relating to
securities registered on behalf of the holders of Registrable Securities shall
be borne by the holders of Registrable Securities.

         3.3 REGISTRATION PROCEDURES. In the case of each registration,
qualification or compliance effected by the Company pursuant to this
Registration Rights Agreement, the Company will keep the holders of Registrable
Securities advised in writing as to the initiation of each registration,
qualification and compliance and as to the completion thereof. At its expense,
the Company will:

                  3.3.1 Prepare and file with the Commission a registration
         statement with respect to such securities and use its commercially
         reasonable efforts to cause such registration statement to become and
         remain effective until the distribution described in such registration
         statement has been completed;

                  3.3.2 Furnish to each underwriter such number of copies of a
         prospectus, including a preliminary prospectus, in conformity with the
         requirements of the Securities Act, and such other documents as such
         underwriter may reasonably request in order to facilitate the public
         sale of the shares by such underwriter, and promptly furnish to each
         underwriter and the holders of Registrable Securities notice of any
         stop-order or similar notice issued by the Commission or any state
         agency charged with the regulation of securities, and notice of any
         Nasdaq or securities exchange listing; and

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                  3.3.3 Cause the Shares to be listed on the Nasdaq National
         Market System or a securities exchange on which the Common Stock is
         approved for listing.

         3.4 INDEMNIFICATION.

                  3.4.1 To the extent permitted by law, the Company will
         indemnify each holder of Registrable Securities, each of its officers
         and directors and partners, and each person controlling such holder
         within the meaning of Section 15 of the Securities Act, with respect to
         which registration, qualification or compliance has been effected
         pursuant to this Agreement, and each underwriter, if any, and each
         person who controls any underwriter within the meaning of Section 15 of
         the Securities Act, against all expenses, claims, losses, damages or
         liabilities (or actions in respect thereof), including any of the
         foregoing incurred in settlement of any litigation, commenced or
         threatened, to the extent such expenses, claims, losses, damages or
         liabilities arise out of or are based on any untrue statement (or
         alleged untrue statement) of a material fact contained in any
         registration statement, prospectus, offering circular or other similar
         document, or any amendment or supplement thereto, incident to any such
         registration, qualification or compliance, or based on any omission (or
         alleged omission) to state therein a material fact required to be
         stated therein or necessary to make the statements therein, in light of
         the circumstances in which they were made, not misleading, or any
         violation by the Company of the Securities Act or any rule or
         regulation promulgated under the Securities Act applicable to the
         Company in connection with any such registration, qualification or
         compliance, and the Company will reimburse each holder of Registrable
         Securities, each of its officers and directors and partners, and each
         person controlling each holder of Registrable Securities, each such
         underwriter and each person who controls any such underwriter, for any
         legal and any other expenses reasonably incurred in connection with
         investigating, preparing or defending any such claim, loss, damage,
         liability or action; provided, however, that the indemnity contained
         herein shall not apply to amounts paid in settlement of any claim,
         loss, damage, liability or expense if settlement is effected without
         the consent of the Company (which consent shall not unreasonably be
         withheld); provided, further, that the Company will not be liable in
         any such case to the extent that any such claim, loss, damage,
         liability or expense arises out of or is based on any untrue statement
         or omission or alleged untrue statement or omission, made in reliance
         upon and in conformity with written information furnished to the
         Company by a holder of Registrable Securities, such controlling person
         or such underwriter specifically for use therein; provided, however,
         that the indemnity contained herein shall not apply to amounts paid in
         settlement of any claim, loss, damage, liability, or expense if
         settlement is effected without the consent of such holder of
         Registrable Securities (which consent shall not be unreasonably
         withheld). Notwithstanding the foregoing, insofar as the foregoing
         indemnity relates to any such untrue statement (or alleged untrue
         statement) or omission (or alleged omission) made in the preliminary
         prospectus but eliminated or remedied in the amended prospectus on file
         with the Commission at the time the registration statement becomes
         effective or in the final prospectus filed with the Commission pursuant
         to the applicable rules of the Commission or in any supplement or
         addendum thereto, the indemnity agreement herein shall not inure to the
         benefit of any underwriter if a copy of the final prospectus filed
         pursuant to such rules, together with all supplements and addenda
         thereto, was not furnished to the person or entity asserting the loss,
         liability, claim or damage at or prior to the time such furnishing is
         required by the Securities Act.

                  3.4.2 To the extent permitted by law, each holder of
         Registrable Securities will, if securities held by such holder are
         included in the securities as to which such registration, qualification
         or compliance is being effected pursuant to terms hereof, indemnify the
         Company, each

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<PAGE>

         of its directors and officers, each underwriter, if any, of the
         Company's securities covered by such a registration statement, each
         person who controls the Company or such underwriter within the meaning
         of Section 15 of the Securities Act, and each other person selling the
         Company's securities covered by such registration statement, each of
         such person's officers and directors and each person controlling such
         persons within the meaning of Section 15 of the Securities Act, against
         all claims, losses, damages and liabilities (or actions in respect
         thereof) arising out of or based on any untrue statement (or alleged
         untrue statement) of a material fact contained in any such registration
         statement, prospectus, offering circular or other document, or any
         omission (or alleged omission) to state therein a material fact
         required to be stated therein or necessary to make the statements
         therein not misleading, or any violation by a holder of Registrable
         Securities of any rule or regulation promulgated under the Securities
         Act applicable to holders of Registrable Securities and relating to
         action or inaction required of holders of Registrable Securities in
         connection with any such registration, qualification or compliance, and
         will reimburse the Company, such other persons, such directors,
         officers, persons, underwriters or control persons for any legal or
         other expenses reasonably incurred in connection with investigating or
         defending any such claim, loss, damage, liability or action, in each
         case to the extent, but only to the extent, that such untrue statement
         (or alleged untrue statement) or omission (or alleged omission) is made
         in such registration statement, prospectus, offering circular or other
         document in reliance upon and in conformity with written information
         furnished to the Company by such holder of Registrable Securities
         specifically for use therein; provided, however, that the indemnity
         contained herein shall not apply to amounts paid in settlement of any
         claim, loss, damage, liability or expense if settlement is effected
         without the consent of such holder of Registrable Securities (which
         consent shall not be unreasonably withheld). Notwithstanding the
         foregoing, the liability of such holder of Registrable Securities under
         this subsection (b) shall be limited in an amount equal to the net
         proceeds from the sale of the shares sold by such holder of Registrable
         Securities, unless such liability arises out of or is based on willful
         conduct by such holder of Registrable Securities. In addition, insofar
         as the foregoing indemnity relates to any such untrue statement (or
         alleged untrue statement) or omission (or alleged omission) made in the
         preliminary prospectus but eliminated or remedied in the amended
         prospectus on file with the Commission at the time the registration
         statement becomes effective or in the final prospectus filed pursuant
         to applicable rules of the Commission or in any supplement or addendum
         thereto, the indemnity agreement herein shall not inure to the benefit
         of the Company or any underwriter, if a copy of the final prospectus
         filed pursuant to such rules, together with all supplements and addenda
         thereto, was not furnished to the person or entity asserting the loss,
         liability, claim or damage at or prior to the time such furnishing is
         required by the Securities Act.

                  3.4.3 Notwithstanding the foregoing paragraphs (a) and (b) of
         this Section, each party entitled to indemnification under this Section
         (the "Indemnified Party") shall give notice to the party required to
         provide indemnification (the "Indemnifying Party") promptly after such
         Indemnified Party has actual knowledge of any claim as to which
         indemnity may be sought, and shall permit the Indemnifying Party to
         assume the defense of any such claim or any litigation resulting
         therefrom, provided that counsel for the Indemnifying Party, who shall
         conduct the defense of such claim or litigation, shall be approved by
         the Indemnified Party (whose approval shall not unreasonably be
         withheld), and the Indemnified Party may participate in such defense at
         such party's expense, and provided further that the failure of any
         Indemnified Party to give notice as provided herein shall not relieve
         the Indemnifying Party of its obligations under this Agreement unless
         the failure to give such notice is materially prejudicial to an
         Indemnifying Party's ability to defend such action and provided
         further, that the Indemnifying Party shall not assume the defense for
         matters as to which there is a

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         conflict of interest or as to which the Indemnifying Party is asserting
         separate or different defenses, which defenses are inconsistent with
         the defenses of the Indemnified Party. No Indemnifying Party, in the
         defense of any such claim or litigation, shall, except with the consent
         of each Indemnified Party, consent to entry of any judgment or enter
         into any settlement which does not include as an unconditional term
         thereof the giving by the claimant or plaintiff to such Indemnified
         Party of a release from all liability in respect to such claim or
         litigation. No Indemnified Party shall consent to entry of any judgment
         or enter into any settlement without the consent of each Indemnifying
         Party.

                  3.4.5 If the indemnification provided for in this Section is
         unavailable to an Indemnified Party in respect of any losses, claims,
         damages or liabilities referred to therein, then each Indemnifying
         Party, in lieu of indemnifying such Indemnified Party, shall contribute
         to the amount paid or payable by such Indemnified Party as a result of
         such losses, claims, damages or liabilities (i) in such proportion as
         is appropriate to reflect the relative benefits received by the Company
         on the one hand and all shareholders offering securities in the
         offering (the "Selling Security Holders") on the other from the
         offering of the Company's securities, or (ii) if the allocation
         provided by clause (i) above is not permitted by applicable law, in
         such proportion as is appropriate to reflect not only the relative
         benefits referred to in clause (i) above but also the relative fault of
         the Company on the one hand and the Selling Security Holders on the
         other in connection with the statements or omissions which resulted in
         such losses, claims, damages or liabilities, as well as any other
         relevant equitable considerations. The relative benefits received by
         the Company on the one hand and the Selling Security Holders on the
         other shall be the net proceeds from the offering (before deducting
         expenses) received by the Company on the one hand and the Selling
         Security Holders on the other. The relative fault of the Company on the
         one hand and the Selling Security Holders on the other shall be
         determined by reference to, among other things, whether the untrue or
         alleged untrue statement of material fact or the omission or alleged
         omission to state a material fact relates to information supplied by
         the Company or by the Selling Security Holders and the parties'
         relevant intent, knowledge, access to information and opportunity to
         correct or prevent such statement or omission. The Company and the
         Selling Security Holders agree that it would not be just and equitable
         if contribution pursuant to this Section were based solely upon the
         number of entities from whom contribution was requested or by any other
         method of allocation which does not take account of the equitable
         considerations referred to above in this Section. The amount paid or
         payable by an Indemnified Party as a result of the losses, claims,
         damages and liabilities referred to above in this Section shall be
         deemed to include any legal or other expenses reasonably incurred by
         such Indemnified Party in connection with investigating or defending
         any such action or claim, subject to the provisions hereof.
         Notwithstanding the provisions of this Section, no Selling Shareholder
         shall be required to contribute any amount or make any other payments
         under this Agreement which in the aggregate exceed the proceeds
         received by such Selling Shareholder. No person guilty of fraudulent
         misrepresentation (within the meaning of the Securities Act) shall be
         entitled to contribution from any person who was not guilty of such
         fraudulent misrepresentation.

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         3.5 CERTAIN INFORMATION.

                  3.5.1 The holders of Registrable Securities agree, with
         respect to any Registrable Securities included in any registration, to
         furnish to the Company such information regarding such holder, the
         Registrable Securities and the distribution proposed by the such holder
         as the Company may reasonably request in writing and as shall be
         required in connection with any registration, qualification or
         compliance referred to herein.

                  3.5.2 The failure of the holder of Registrable Securities to
         furnish the information requested pursuant to Section 2.7.1 shall not
         affect the obligation of the Company to the other Selling Security
         Holders who furnish such information unless, in the reasonable opinion
         of counsel to the Company or the underwriters, such failure impairs or
         may impair the legality of the Registration Statement or the underlying
         offering.

         3.6 RULE 144 REPORTING. With a view to making available the benefits of
certain rules and regulations of the Commission which may at any time permit the
sale of Restricted Securities (used herein as defined in Rule 144 under the
Securities Act) to the public without registration, the Company agrees to use
its best lawful efforts to:

                  3.6.1 Make and keep public information available, as those
         terms are understood and defined in Rule 144 under the Securities Act,
         at all times during which the Company is subject to the reporting
         requirements of the Securities Exchange Act of 1934, as amended (the
         "Exchange Act");

                  3.6.2 File with the Commission in a timely manner all reports
         and other documents required of the Company under the Securities Act
         and the Exchange Act (at all times during which the Company is subject
         to such reporting requirements); and

                  3.6.3 So long as any holder of Registrable Securities owns any
         Restricted Securities (as defined in Rule 144 promulgated under the
         Securities Act), to furnish to such holder forthwith upon request a
         written statement by the Company as to its compliance with the
         reporting requirements of said Rule 144 and with regard to the
         Securities Act and the Exchange Act (at all times during which the
         Company is subject to such reporting requirements), a copy of the most
         recent annual or quarterly report of the Company, and such other
         reports and documents of the Company and other information in the
         possession of or reasonably obtainable by the Company as such holder of
         Registrable Securities may reasonably request in availing itself of any
         rule or regulation of the Commission allowing such holder to sell any
         such securities without registration.

         3.7 TRANSFERABILITY. The rights conferred by this Agreement shall be
freely transferable to a recipient of Registrable Securities.

         3.8 GOVERNING LAW. This Agreement shall be governed in all respects by
the laws of the State of Texas.

         3.9 ENTIRE AGREEMENT; AMENDMENT. This Agreement constitutes the full
and entire understanding and agreement between the parties with regard to the
subject hereof. This Agreement, or any provision hereof, may be amended, waived,
discharged or terminated upon the written consent of the Company and the
Purchaser.

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         3.10 NOTICES, ETC. All notices and other communications required or
permitted hereunder shall be in writing and shall be mailed by registered or
certified mail, postage prepaid, or otherwise delivered by hand or by messenger
including Federal Express or similar courier service, addressed (a) if to the
Shareholders, to: c/o Arnold J. Barton, 1010 Frankline Ave., Suite 303, Garden
City, New York 11530, or at such other address as the Shareholders shall have
furnished to the Company in writing, or (b) if to the Company: to Pinnacle
Global Group, Inc., 5599 San Felipe, Suite 555, Houston, Texas 77056, or at such
other address as the Company shall have furnished to the Purchaser with a copy
to Robert C. Beasley, Ryan & Sudan, L.L.P., 909 Fannin, 39th Floor, Houston,
Texas 77010. Each such notice or other communication shall for all purposes of
this Agreement be treated as effective upon receipt.

         3.11 DELAYS OR OMISSIONS. Except as expressly provided herein, no delay
or omission to exercise any right, power or remedy accruing to any party to this
Agreement shall impair any such right, power or remedy of such party nor shall
it be construed to be a waiver of any such breach or default, or an acquiescence
therein, or of or in any similar breach or default thereafter occurring; nor
shall any waiver of any single breach or default be deemed a waiver of any other
breach or default theretofore or thereafter occurring. Any waiver, permit,
consent or approval of any kind or character on the part of any party of any
breach or default under this Agreement, or any waiver on the part of any party
of any provisions or conditions of this agreement, must be in writing and shall
be effective only to the extent specifically set forth in such writing. All
remedies, either under this Agreement or by law or otherwise afforded to any
party to this Agreement, shall be cumulative and not alternative.

         3.12 COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be enforceable against the parties actually
executing such counterparts, and all of which together shall constitute one
instrument.

         3.13 SEVERABILITY. In the event that any provision of this Agreement
becomes or is declared by a court of competent jurisdiction to be illegal,
unenforceable or void, this Agreement shall continue in full force and effect
without said provision.

         3.14 TITLES AND SUBTITLES. The titles and subtitles used in this
Agreement are used for convenience only and are not considered in construing or
interpreting this Agreement.

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<PAGE>

                          THE COMPANY'S SIGNATURE PAGE

         IN WITNESS WHEREOF, the Company has executed this agreement effective
upon the date first set forth above.

                           PINNACLE GLOBAL GROUP, INC.

                           By:     /s/   ROBERT E. GARRISON II
                              --------------------------------
                           Name: Robert E. Garrison II
                           Title: President

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<PAGE>

                        THE SHAREHOLDERS' SIGNATURE PAGE

         IN WITNESS WHEREOF, the Shareholders have signed this Agreement as of
the date first written above.

                                       /s/  ARNOLD J. BARTON
                                   -------------------------------
                                   Arnold J. Barton

                                       /s/  RICHARD D. GRIMES
                                   -------------------------------
                                   Richard D. Grimes

                                       /s/  JACK D. SEIBALD
                                   -------------------------------
                                   Jack D. Seibald

                                       /s/  ALLISON WIESS
                                   -------------------------------
                                   Allison Weiss

                                       /s/  DEBORAH WEISS
                                   -------------------------------
                                   Deborah Weiss

                                       /s/  NEIL LAURO
                                   -------------------------------
                                   Neil Lauro

                                       /s/  JOHN CONLON
                                   -------------------------------
                                   John Conlon

                                      -10-<PAGE>

                                  EXHIBIT 10.2

                                   C3D Digital
                              AFFILIATION AGREEMENT

         AGREEMENT made this 28th day of February, 2000, by and between
Chequemate International, Inc., a Utah corporation, d/b/a C3D Television, with
its principal place of business located at 330 Washington Blvd., Suite 507,
Marina del Rey, CA 90292, ("C3D") and VisionComm Corporation, a _________
corporation, with its principal place of business located at 36380 Garfield
Road, Suite 7, Clinton Township, MI 48035 ("Affiliate").

         WHEREAS, Affiliate distributes television networks;  and

         WHEREAS, C3D desires to make available to Affiliate the programming
known as the "C-3D Service" for retransmission to Affiliate's subscribers, and
to provide certain other related services upon the terms and conditions set
forth herein; and

         WHEREAS, Affiliate desires to make available to its subscribers the
C-3D Service;

         NOW THEREFORE, it is mutually agreed as follows:

         1. Definitions. The following terms shall have the meanings set forth
below when used in this Agreement:

                  1.1 "Programming" shall mean a motion picture, pre-recorded
program, live production, or other event transmitted on the C-3D Service;

                  1.2 "C-3D Service" shall mean the single channel satellite
delivered stereoscopic video entertainment programming service, presently
transmitted on GE 3, transponder 8;

                  1.3 "Subscriber" shall mean a private residential dwelling
unit (whether an apartment, house, mobile home, condominium unit, or rentable
guest room in a hotel, motel, inn, or lodge), the resident(s) of which have
agreed to purchase access to programming from Affiliate;

                  1.4 "Subscription Basis" shall mean the access to Programming
chosen by a Subscriber over the facilities of a System for television viewing,
for which access Subscriber is obligated to pay a monthly fee to Affiliate;

                  1.5 "System" shall mean each cable television system described
in Schedule "A" hereto; and

                  1.6 "Viewing Device" shall mean the liquid-crystal shutter
glasses and synchronizing drivers owned by C3D.

         2. License.

         2.1 Exhibition. C3D hereby grants to Affiliate and Affiliate hereby
accepts, subject to the terms and conditions herein, a non-exclusive license to
exhibit the C-3D Service on a subscription basis to Affiliate's Subscribers over
the facilities of the System. Affiliate may include additional cable television
systems by written amendment to Schedule A hereto, provided that C3D consents in
writing in advance of any such addition. Affiliate shall exhibit the C-3D
Service continuously during the term of this Agreement.

         2.2 Prohibitions. Unless otherwise expressly agreed to by C3D in
writing, this license does not grant to Affiliate the right to exhibit,
authorize, or permit the exhibition of the C-3D Service to any cable

                                       44
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system or SMATV system (satellite master antenna television system) not set
forth in Schedule A hereto; upon any breach of this prohibition, C3D shall have
the right to enjoin any exhibition or exploitation of the C-3D Service; to
suspend the transmission of the C-3D Service; to terminate this Agreement and/or
declare this Agreement breached; to declare all amounts owed to C3D immediately
due and payable; and to exercise all rights and remedies on account of such
breach, including, without limitation, the right to recover damages.

       3.  Term.

         3.1 The term of this Agreement and the rights granted to Affiliate
hereunder shall be for a period of five (5) years from the date first appearing
above (the "Initial Term"). The Initial Term of this Agreement shall expire on
the same date for all of Affiliate's Systems listed in Schedule A hereto
regardless of when any individual system launches the C-3D Service hereunder.
The termination of this Agreement shall not: (a) abrogate Affiliate's obligation
to pay to C3D the sums set forth herein; (b) impair or affect C3D's rights of
withdrawal, audit or indemnification; or (c) abrogate, impair or affect any
warranty, representation, indemnity or undertaking on the part of each party
hereunder.

         3.2 It is anticipated that the C-3D Service shall become available to
Subscribers in Davenport Apartments in Dallas, Texas on or before January 15,
2000. If the C-3D Service is successful in the sole opinion of Affiliate, then
Affiliate shall expand the C-3D Service throughout its other Systems.

         3.3 Affiliate may terminate this Agreement for any reason at any time
during the first year of its term, upon thirty days' written notice to C3D.

         4. License Fees and Report.

         4.1 In consideration of the rights herein granted to Affiliate,
Affiliate shall pay C3D the license fees ("License Fees") which Affiliate
collects from Subscriber set forth in Schedule B hereto. Affiliate shall remit
collected revenues to C3D within thirty (30) days of the end of each month all
License Fees due for such month. Together with each such payment of such
amounts, Licensee shall deliver to C3D a monthly statement in the form of
Schedule C attached hereto. All payments and statements hereunder shall be made
to C3D at its address set forth above. All amounts not paid within said thirty
(30) day period shall accrue interest at the maximum legal rate or 1 1/2 percent
per month, whichever is less, until received. Acceptance of any payment by C3D
after its due date shall not constitute a waiver of C3D's right to any accrued
interest, or any other right which C3D might otherwise have. Affiliate shall not
be responsible for license fees not collected from subscribers.

         4.2 On no less than one hundred eighty (180) days' prior written notice
to Affiliate ("Amended Fee Structure Notice") C3D shall have the right to
adjust, from time to time during the term of this Agreement, the rates set forth
in Schedule B hereto with respect to License Fees on the date ("Effective Date")
specified in the Amended Fee Structure Notice, if the rates become unreasonable
compared with the standard of the industry at that time. In such event,
Affiliate may, by written notice at least ninety (90) days prior to the
Effective Date, terminate this Agreement as of the Effective Date; provided,
however, that such termination by Affiliate shall not take effect and shall be
of no force or effect if C3D withdraws the increase by written notice to
Affiliate no later than fifteen (15) days prior to the Effective Date.

         4.3 In the event of a dispute between Affiliate and C3D as to any
amounts properly due from Affiliate to C3D, Affiliate shall pay that portion of
the amounts not in dispute in accordance with the terms of Paragraph 4.1 above
and before or at the time of payment, shall notify C3D in writing of the grounds
for disputing the remaining unpaid balance. Interest shall not accrue on such
balance for a period of fourteen (14) days during which the parties shall use
reasonable efforts to negotiate a settlement.

         4.4 In connection with any interruption or other failure in the
transmission, reception, or distribution of the C-3D Service which interruption
or failure could reasonably have been prevented by C3D, Affiliate shall have
recourse and a remedy against C3D only if Affiliate shall have given its
affected Subscribers a credit or rebate as a result of such interruption or
failure, in which case the sole and exclusive remedy of

                                       45
<PAGE>

Affiliate against C3D shall be a credit for no more than the amount of the
License Fee which would have been payable by Affiliate to C3D for the Event(s)
ordered if there had been no such interruption or failure. C3D shall not, under
the foregoing or any other circumstances, be liable for incidental,
consequential or special damages, including, without limitation, loss of profits
or revenues, damage to or loss of personal property or the claim of any
Subscriber.

         4.6 Affiliate shall keep and maintain, at Affiliate's principal place
of business, complete and accurate books and records relating to this Agreement
in accordance with generally accepted accounting principles. During the term of
this Agreement and for two (2) years thereafter, C3D shall have the right, at
its expense, for its representatives, accountants, or designated agents, at
Affiliate's principal place of business, during regular business hours, to audit
and examine Affiliate`s books and records for the purpose of verifying and
confirming the accuracy of the statements delivered to C3D by Affiliate and the
amount of the License Fees paid or payable under this Agreement and to make
photocopies of relevant excerpts of any such books and records. The exercise by
C3D of any right to audit or examine at any time or the acceptance by C3D of any
statement or payment shall be without prejudice to any other rights or remedies
available to C3D and shall not bar C3D from thereafter disputing the accuracy of
any such payment or statement and Affiliate shall remain fully liable for any
balance due under the terms of this Agreement. If any audit discloses an
underpayment of five percent (5%) or more with respect to the amount of License
Fees set forth on any of Affiliate's statements, Affiliate agrees to pay all
costs and expenses incurred by C3D for such audit, and to re-compute and make
immediate payment of the actual License Fees due, and to pay any reasonable
attorney fees incurred by C3D in connection with such License Fees or the
collection thereof. Neither C3D's acceptance of any information, nor inspection
nor audit shall prevent C3D from later disputing the accuracy or completeness of
any payments made or of information supplied by Affiliate.

         4.7 The suggested price for the service is $9.99 per month per
Subscriber who either requires no Viewing Devices, or who requires one Viewing
Kit, and an additional $5.99 per month per Subscriber who requires a second
Viewing Kit. A "Viewing Kit" is one (1) synchronizing driver and two (2) pair of
wireless liquid crystal shutter glasses. Affiliate may charge whatever price it
desires, but if the prices charged exceed the suggested prices, the excess shall
be divided 50% to C3D and 50% to Affiliate. If the prices charged exceed $19.99
per month for one Viewing Kit, or $34.99 per month for two Viewing Kits, that
additional excess shall be divided 70% to C3D and 30% to Affiliate. New
Subscribers may acquire the service for free through the end of February, 2000;
for one year thereafter, any new Subscriber shall receive one month of the C-3D
Service for free. Notwithstanding any other provision of this Agreement,
Affiliate will not begin to charge any subscription fees until March 1, 2000.
Thereafter, Affiliate will remit 100% of any subscription fees collected for the
first three (3) paying months for each Subscriber to C3D, to help defray the
cost of the Viewing Devices.

         5. Transmission and Distribution

         5.1 Affiliate shall be solely responsible for the reception of the
video and audio signals of the C-3D Service to the headend or other receiving
device of the System(s) and for the transmission therefrom to its Subscribers.
Affiliate shall employ adequate security systems to prevent theft, pirating,
copying, duplication, or unauthorized exhibition of the C-3D Service, and shall
ensure that the C-3D Service is made available only to Subscribers. Affiliate
shall continuously maintain transmission quality for the C-3D Service equivalent
to the best transmission quality of other programming transmitted by Affiliate.

         5.2 C3D shall furnish Affiliate with one CLI IRD decoder per
downlinking headend at no cost to Affiliate. If Affiliate requires a digital
feed, then C3D shall make one available.

         5.3 Affiliate shall exhibit and shall require each System to exhibit
the C-3D Service in its entirety, without any interruptions, including all
titles, credits, and copyright notices.

         6. Advertising and Promotional Materials

                                       46
<PAGE>

         6.1 Affiliate shall use its reasonable best efforts to promote the C-3D
Service to the Subscribers of each System, with the aim of maximizing the number
of Subscribers to the C-3D Service, and the total revenue from the C-3D Service.

         6.2 For each month during the term of this Agreement, not later then
thirty (30) days prior to the exhibition of the C-3D Service for such month, C3D
shall make available to Affiliate such trailers and other publicity materials as
C3D may have available (the "Promotional Materials") to be used for advertising
and publicizing the C-3D Service for such month. Affiliate shall have the right,
at its sole cost and expense, to make copies of the Promotional Materials solely
for use by each System.

         6.3 Affiliate shall not use the name, image, or likeness of any
character, person or entity appearing in or connected with the production of any
Event included in the C-3D Service separate and apart from the advertising and
promotion of the C-3D Service, and no name, image or likeness shall be used by
Affiliate so as to constitute an endorsement or testimonial, express or implied,
of any party, product, service or commercial venture. Affiliate acknowledges
that its right to use the names, images, or likenesses of person or entities
appearing in or connected with the production of any Event is subject to various
limitations and restrictions contained in contracts with third parties.
Following the exhibition of the C-3D Service in any month during the term of
this Agreement, Affiliate shall not use, transmit, exhibit, circulate or
otherwise publish any Promotional Materials provided by C3D for such month.

         6.4 In all advertising and publicity issued by Affiliate for the C-3D
Service, Affiliate shall comply with all instructions from C3D, regarding
advertising, or contained in any promotion package provided by C3D.

         6.5 The parties understand and agree that the implementation of this
Agreement will necessitate that the staff and employees, servants and agents of
each party shall make themselves and the necessary equipment, sites and
locations available upon reasonable notice to the staff, employees, servants and
agents of the other party at all reasonable times during the term of this
Agreement.

         7.  Viewing Devices.

         7.1 C3D shall furnish Affiliate with a number of serially-numbered
liquid-crystal shutter glasses and synchronizing drivers, as described in
Exhibit "D". Affiliate shall cause one or more of Affiliate's employees to
personally deliver and install the Viewing Devices at each Subscriber's address,
in order to instruct the Subscriber on the proper methods of care and use, to be
certain that the Viewing Devices are functioning for the Subscriber, and to
obtain a receipt and agreement from the Subscriber as described below.
Affiliate's employee shall furnish to each subscriber at the time of
installation written materials prepared by C3D describing proper methods of care
and use. If a Subscriber has trouble with a Viewing Device, and it is not merely
a drained battery, the Viewing Device shall be replaced by Affiliate, and the
trouble unit mailed to C3D at the address above, attention "Repairs and Warranty
Claims".

         7.2 Affiliate shall obtain from each Subscriber at the time of
installation a signed, written receipt and agreement prepared by C3D whereby the
Subscriber agrees:
                  (a) to be liable for the replacement cost of the Viewing
Devices if they are stolen, destroyed, or abused, and to return the Viewing
Devices in good condition, ordinary wear and tear excepted, at the termination
of that Subscriber's subscription;
                  (b) that there shall be no credit against the monthly
subscription rates for any time during which the Viewing Devices are unavailable
to the Subscriber due to theft or other casualty, or if they do not function due
to a dead battery or due to abuse or misuse; and
                  (c) that if Subscriber becomes liable for the replacement cost
of the Viewing Devices, that such amount will be added to Subscriber's account
with Affiliate, and if Subscriber fails to pay such amount to Affiliate within
ninety (90) days, Affiliate shall terminate all C-3D cable service to such
Subscriber until such amount is paid; and
                  (d) to pay a $30.00 deposit per Viewing Kit to Affiliate in
the form of a credit card debit which C3D will be responsible in debiting
subscribers credit card account.

                                       47
<PAGE>

         7.3 Affiliate shall be responsible to C3D only for those Viewing
Devices which Affiliate has physical custody of. Once each Viewing Device is
installed with a Subscriber and the signed written agreement is delivered to
C3D, Affiliate's responsibility for that Viewing Device is relieved, until such
time as a Subscriber returns a Viewing Device to Affiliate. Within thirty (30)
days thereafter, Affiliate shall return such Viewing Device to C3D. Upon the
termination of a Subscriber's subscription, Affiliate shall inspect the returned
Viewing Devices and C-3D shall credit subscribers credit card account.

         8.  WARRANTIES AND INDEMNIFICATION

         8.1 C-3D warrants and represents that: (a) it has the power and
authority to enter into this Agreement and to fully perform its obligations
hereunder; (b) the material contained in the C-3D Service and in the Promotional
Materials supplied to Affiliate hereunder will not violate any copyright, right
of privacy or publicity or literary or dramatic right of any person; provided,
however, that such warranties and representations by C3D are only as broad as
and coextensive with those provided to C3D by C3D 's program suppliers.

         8.2 Affiliate warrants and represents that: (a) Affiliate has the power
and authority to enter into this Agreement and to fully perform its obligations
hereunder; (b) Affiliate has obtained, and shall maintain in full force and
effect during the term of this Agreement, such federal and state, local and/or
private authorizations as are necessary to operate each System in the Territory
and to retransmit the C-3D Service pursuant to this Agreement; (c) Affiliate
will immediately notify C3D in the event that Affiliate loses, or becomes aware
of circumstances that it may lose, any necessary authorizations, (d) any
material contained in promotional material developed by Affiliate will not
violate any copyright, right of privacy or publicity or literary or dramatic
right of any person; and (e) Affiliate Shall not use, and shall require each
System not to use any Programming for any unlawful purpose or for any purpose
not permitted hereunder.

         8.3 Affiliate shall indemnify, defend and hold harmless C3D, its
parent, subsidiaries and affiliated companies and their respective officers,
directors, employees, agents and shareholders from and against any and all
claims, losses or damages, costs and expenses (including, without limitation,
reasonable attorneys' fees and expenses) (collectively "Claims") relating to or
arising out of any breach or alleged breach of any of the representations,
warranties, agreements, covenants or obligations made by Affiliate pursuant to
this Agreement.

         8.4 C3D shall indemnity, defend and hold harmless Affiliate, its
parent, subsidiaries and affiliated companies and their respective officers,
directors, employees, agents and shareholders from and against any and all
Claims relating to or arising out of any breach or alleged breach of any of the
representations, warranties, agreements, covenants or obligations made by C3D
pursuant to this Agreement.

         8.5 Each party seeking indemnity hereunder (the "Indemnified Party")
agrees to give prompt notice to the other party (the "Indemnifying Party") of
any circumstances which may give rise to a Claim under this Paragraph 8 as soon
as the Indemnified Party knows of such circumstances: provided, however, that
the failure to give such notice shall not relieve the Indemnifying Party of its
obligation to indemnify the Indemnified Party under this Paragraph 8 except to
the extent that such failure increases the Indemnified Party's liability
hereunder. The Indemnifying Party shall have the right to participate in, and,
with the consent of the Indemnified Party, which consent shall not be
unreasonably withheld, to control the contest and defense of any Claim by a
third party as to which notice is given by the Indemnified Party under this
Paragraph 8 at its own cost and expense, including the cost and expense of
attorneys' fees in connection with such contest and defense. The Indemnified
Party shall not settle or compromise any such Claim without the prior written
consent of the Indemnifying Party. If the Indemnified Party settles or
compromises any such Claim without the Indemnifying Party's prior written
consent, the Indemnifying Party shall be relieved of its obligations to
indemnify the Indemnified Party under this Paragraph 8 with respect to such
Claim.

         9. SERVICE MARKS. Affiliate acknowledges that the name and mark "C-3D"
and any other service marks and any logos and variations used to identify the
C-3D Service are the exclusive property of C3D and that Affiliate has not and
shall not acquire any proprietary rights thereto by reason of this Agreement.

                                       48
<PAGE>

Materials used by Affiliate may refer to "C-3D " or the C-3D Service and other
names, marks and logos of C3D only if it is clear that the names, marks and
logos used are service marks for the C-3D Service which Affiliate distributes.
Such use shall be in accordance with any further instructions that may be issued
by C3D from time to time, Affiliate shall promptly make available to C3D, at its
request, all original promotional or advertising material that uses the
aforesaid names, marks or logos in publicizing the C-3D Service and shall keep
copies of all such original material, Affiliate shall not publish or disseminate
any material which violates any restrictions imposed by C3D or C3D's program
suppliers and disclosed by Affiliate by C3D.

         10. TERMINATION. Either party may terminate this Agreement by giving
the other party at least thirty (30) days prior written notice, in the event
that the other party has made any material misrepresentation herein or
materially breaches any of its obligations hereunder, including, without
limitation, the obligation to make all payments when due and payable, and such
material misrepresentation or breach (which shall be specified in such notice)
is not or cannot be cured within thirty (30) days of receipt of such notice. The
right of either party to terminate this Agreement in any such case shall be in
addition to any other remedies such party may have.

         11. FORCE MAJEURE. In the event Affiliate is prevented from exhibiting
the C-3D Service, or C3D is prevented from transmitting the C-3D Service, by
reason of any act of God, fire, strike, boycott, transportation failure,
satellite interruption or other occurrence beyond the reasonable control of the
party whose performance is prevented, neither party shall be responsible to the
other for any damages, costs, expenses or loss of profits thereby. C3D shall
have the right to terminate this Agreement upon written notice to Affiliate if,
by reason of this paragraph, Affiliate is prevented from exhibiting the C-3D
Service for more than ninety (90) consecutive days if both parties cannot arrive
at a mutually agreeable solution for an extension.

         12. MISCELLANEOUS.

         12.1 Affiliate and its employees and agents shall maintain, in
confidence, the terms and conditions of this Agreement, as well as all data,
summaries, reports and information of all kind, whether oral or written,
acquired, devised or developed in any manner by or from C3D personnel or C3D's
files, and have not and will not reveal the same to any persons not employed by
C3D except: (a) at the written direction of C3D; (b) to the extent necessary to
comply with law or a valid order of a court of competent jurisdiction, in which
event Affiliate shall so notify C3D as promptly as practicable (and, if
possible, prior to making any disclosure) and shall in all cases seek
Confidential treatment of such information; (c) as part of its normal reporting
or review procedure to its parent company, auditors and its attorneys, provided
such parent company, auditors and attorneys agree to be bound by the provisions
of this paragraph; or (d) in order to enforce its rights pursuant to this
Agreement.

         12.2 Neither this Agreement nor any rights or obligations hereunder may
be assigned by Affiliate without the prior written consent of C3D, which consent
shall not be unreasonably withheld. Such assignment shall not relieve Affiliate
of its obligations incurred prior to the date of any such assignment hereunder.
Any purported assignment without such consent shall be null and void and not
enforceable against C3D. This Agreement and the rights and obligations of the
parties hereunder shall be binding upon and shall inure to the benefit of C3D
and Affiliate and their respective legal representatives, successors in interest
and permitted assigns.

         12.3 Any waiver by either party of any breach of any term or condition
hereof shall be effective only if in writing and such writing shall not be
deemed to be a waiver of any subsequent or other breach, term or condition of
this Agreement.

         12.4 Notwithstanding anything to the contrary contained herein, if
Affiliate fails to fully and timely perform any material obligation or any
covenant hereunder, including, without limitation, Affiliate's failure to timely
fulfill any of its payment obligations hereunder, or if Affiliate becomes
insolvent, or if a petition under any bankruptcy shall be filed by or against
Affiliate. (which petition, if filed against Affiliate, shall not have been
dismissed within thirty (30) days thereafter); or if Affiliate takes advantage
of any applicable insolvency or any other like statute, or executes a general
assignment for the benefit of creditors; or if a

                                       49
<PAGE>

receiver, liquidator or trustee (or equivalent under any applicable statute) is
appointed for the assets or affairs of Affiliate, than upon the occurrence of
any of the foregoing. C3D may exercise any or all of the following options, none
of which shall be a waiver of the other or of any other rights or remedies which
C3D may have at law, in equity or otherwise: (a) C3D may terminate this
Agreement by giving prior written notice of termination to Affiliate; (b) C3D
may cease licensing the C-3D Service to Affiliate: and/or (c) C3D may suspend
the transmission of the C-3D Service to Affiliate and/or the right to transmit
the C-3D Service by Affiliate until such default is ended or remedied. If C3D
exercises any or all of the foregoing options, C3D shall be entitled to declare
all unpaid and payable amounts to C3D immediately due and payable and to recover
from Affiliate all payments past due from Affiliate to C3D hereunder, together
with interest at the rate of 1 1/2 percent per month or the legal maximum,
whichever is less, plus all attorneys' fees, costs and expenses, including
collection agency fees, incurred by C3D to enforce the provisions hereof.
Notwithstanding anything to the contrary contained herein, no termination of
this Agreement for any reason shall relieve or discharge, or be deemed or
construed as relieving or discharging, Affiliate from any duty, obligation or
liability hereunder which accrued as of the date of such termination (including,
without limitation, the obligation to pay any amounts payable hereunder and to
furnish a statement with respect to any such payment which accrued as of such
date of termination).

         12.5 With respect to the subject matter of this Agreement, this
Agreement and the schedules hereto: (a) set forth the entire Agreement between
the parties and any parties who have in the past or who are now representing
either of the parties, and (b) supersede all prior understandings and
communications between the parties, oral or written. Each of the parties
acknowledges and represents that this Agreement is entered into after full
investigation and that neither party is relying upon any statement or
representation made by the other which is not specifically set forth in this
Agreement. Each of the, parties acknowledges that it shall have no right to rely
upon any amendment, promise, modification, statement or representation made or
occurring subsequent to the execution of this Agreement, unless such amendment,
promise, modification, statement or representation is expressly set forth in a
written instrument signed by a duly authorized representative of the other and
dated subsequent to the date of the execution and delivery of this Agreement.

         12.6 The provisions of this Agreement are not intended to be for the
benefit of any third party, whether Subscribers or otherwise, and no third party
(including, without limitation, any Subscriber) shall be deemed to have any
privity of contract with either of the parties hereto by virtue of this
Agreement or the delivery of the C-3D Service.

         12.7 Any dispute between the parties regarding this Agreement shall be
governed by and construed in accordance with the laws of the State of California
without reference to conflicts of laws provisions.

         12.8 Nothing in this Agreement shall be deemed to create a relationship
of joint venture, principal-agent or partnership between the parties, and
neither shall hold itself out in its advertising or in any other manner that
would indicate any such relationship between the parties.

         12.9 C3D shall not be liable for, and Affiliate shall pay and forever
hold C3D harmless from, any and all sales, use, excise, income, franchise,
corporate and similar taxes (including, without limitation, any fees payable to
local or state franchising authorities) and other charges which are or may be
imposed upon or assessed against Affiliate or any System and/or which are based
upon or measured by revenues derived by Affiliate from the exploitation of the
rights granted to Affiliate pursuant to this Agreement (including, without
limitation. any tax or charge based upon any goods or services furnished to
Affiliate by C3D which goods or services are then passed on to Affiliate's
Subscribers).

         12.10 All licenses, rights and interests in, to and with respect to the
C-3D Service and Viewing Devices not specifically granted to Affiliate shall be
and are specifically and entirely reserved to C3D. The licenses, rights and
interests granted to Affiliate herein are non-exclusive, and accordingly, they
may be fully exploited and utilized by C3D, without regard to the extent to
which any such rights may be competitive with Affiliate or the licenses, rights
and interests granted hereunder.

                                       50
<PAGE>

         12.11 Paragraph headings used herein are for convenience only and shall
not be deemed to define, limit or construe the contents of any provision of this
Agreement.

         12.12 Any provision of this Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of the prohibition without invalidating the remaining provisions
herein. Any prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction.

         IN WITNESS WHEREOF, the parties hereto have duly executed and delivered
this Agreement as of the date and year first above written.

         Chequemate International, Inc.
         d/b/a C-3D Digital

         By:   /s/ Fernando Gomez
            ------------------------------------------------
                  Fernando Gomez, VP for Affiliate Relations

         VisionComm Corporation

         By:   /s/ Tom Nix
            ------------------------------------------------
                  Tom Nix, CEO

                                   SCHEDULE A

                              AFFILIATE- SYSTEM (S)

SYSTEM NAME

ADDRESS

AREA(S) SERVED

3D TELEVISION SERVICE LAUNCH DATE

TELEPHONE NUMBER

                                       51
<PAGE>

                                   SCHEDULE B

                                  LICENSE FEES

In accordance with the terms and conditions as set forth in Section 4.1 of the
Affiliate Agreement, C3D will receive the following compensation from Affiliate:

1. All collected subscription fees for the first three (3) paying months for
each new Subscriber; thereafter, $5.50 per Subscriber per month for each
Subscriber with his or her own glasses and driver(s), or one (1) Viewing Kit;
$8.00 per Subscriber per month for each Subscriber with two (2) Viewing Kits;
plus C3D's percentage of any excess as described in Section 4.7 of this
Agreement. The number of subscribers shall be determined as of the first day of
each month.

3. All compensation paid to C3D from Affiliate shall be paid in US funds as
described in Section 4 of this Agreement.

                                   SCHEDULE C

                                  SYSTEM REPORT

         Number of Subscribers at beginning of month:

                                   SCHEDULE D

                                 VIEWING SYSTEMS

         New Glasses - replacement cost $25.00 each, plus shipping.
                  Serial numbers:

         New Synchronizing Drivers - replacement cost $20.00 each, plus
         shipping.
                  Serial numbers:

         Refurbished Glasses - replacement cost $15.00 each, plus shipping.

                                       52
<PAGE>

                  Serial numbers:

         Refurbished Synchronizing Drivers - replacement cost $15.00 each, plus
         shipping.
                  Serial numbers:

                                       53

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