Document:

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                                    EXHIBIT 10.1

                          COMMON STOCK PURCHASE AGREEMENT

       COMMON STOCK PURCHASE AGREEMENT, dated as of May 10, 2000 (this
"AGREEMENT"), by and among CHEQUEMATE INTERNATIONAL, INC., D/B/A C-3D DIGITAL,
INC., a Utah corporation (the "COMPANY"), and CROOKS HOLLOW ROAD, LLC, a
Cayman Islands Limited Liability Company ("PURCHASER").

                                      RECITALS

       A.     Purchaser desires to purchase, and the Company desires to issue
and sell, shares ("SHARES") of the Company's Common Stock, par value $.0001
per share ("COMMON STOCK"), on the terms and conditions set forth below.  For
purposes of this Agreement, the Shares shall mean the Initial Shares (as
defined below) and the Repriced Shares (as defined below).

       B.     The parties hereto intend that the issuance of the Shares as
anticipated by this Agreement shall be accomplished without registration under
the U.S. Securities Act of 1933, as amended (the "SECURITIES ACT"), and
without registration or qualification under the securities laws of any state
or other jurisdiction, in reliance on exemptions from the registration
requirements of the Securities Act, including, without limitation, Regulation
D under the Securities Act and Section 4(2) of the Securities Act; PROVIDED,
HOWEVER, that nothing in this Agreement shall act or be construed as a
limitation on Purchaser's right to sell any of the Shares to be acquired
pursuant to this Agreement pursuant to the Registration Statement (the
"REGISTRATION STATEMENT") contemplated by the Registration Rights Agreement
(as defined below), or other provisions of the Registration Rights Agreement
or in accordance with applicable laws.

       THEREFORE, in consideration of the mutual promises and covenants set
forth below and for other good and valuable consideration, the receipt and
sufficiency of which the parties acknowledge by their signatures below, the
parties hereto hereby agree as follows:

                                   AGREEMENT

       1.     PURCHASE OF COMMON STOCK.  Subject to the terms and conditions
of this Agreement, the Company agrees to issue and sell, and Purchaser agrees
to acquire, six hundred seventy-one thousand four hundred sixty-three
(671,463) fully paid and non-assessable shares (the "INITIAL SHARES") at $4.17
per share, in exchange for Purchaser's payment to the Company of aggregate
consideration of Two Million Eight Hundred Thousand Dollars ($2,800,000) (the
"PURCHASE PRICE").

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              1.1    FORM OF PAYMENT.  Purchaser shall pay the Purchase Price
for the Initial Shares by delivering immediately available good funds in
United States Dollars to the escrow agent (the "ESCROW AGENT") identified in
the Joint Escrow Instructions attached hereto as EXHIBIT E (the "JOINT ESCROW
INSTRUCTIONS").  No later than the Closing Date (as defined below), the
Company shall deliver one or more certificates representing the Initial Shares
duly executed on behalf of the Company (collectively, each the "CERTIFICATES")
to the Escrow Agent.  By signing this Agreement, each Purchaser and the
Company, and subject to acceptance by the Escrow Agent, each agrees to all of
the terms and conditions of, and becomes a party to, the Joint Escrow
Instructions, all of the provisions of which are incorporated herein by this
reference as if set forth in full.

              1.2    METHOD OF PAYMENT.  Purchasers shall pay into escrow the
Purchase Price for the Initial Shares by wire transfer of funds to:

                     Bank of New York
                     350 Fifth Avenue
                     New York, New York 10001

                     ABA# 021000018
                     For credit to the account of Krieger & Prager, LLP
                     Account No.: 637-1660567

Purchaser shall deliver payment of the Purchase Price to the Escrow Agent at
or before 1:00 p.m., New York time, on the date which is one (1) Business Day
after the Company executes and delivers this Agreement and returns a signed
counterpart of this Agreement to the Escrow Agent by facsimile. Purchaser
shall deposit the Purchase Price for the Initial Shares with the Escrow Agent
in immediately available funds.  Time is of the essence with respect to such
payment, and failure by Purchaser to make such payment shall allow the Company
to cancel this Agreement.  For purposes of this Agreement, "BUSINESS DAY"
shall mean a day on which the New York Stock Exchange is open for business.

              1.3    ESCROW PROPERTY.  The Purchase Price and the Certificate
delivered to the Escrow Agent as contemplated by SECTION 1.1 hereof are
referred to as the "ESCROW PROPERTY."

       2.     CLOSING.

              2.1    INITIAL CLOSING.  On the date set forth pursuant to
Article 10 (the "Closing Date") Purchaser shall pay Two Million Eight Hundred
Thousand. On the Closing Date, the parties hereto shall execute and deliver
the following documents (incorporated herein by this reference, collectively
with this Agreement, the "TRANSACTION DOCUMENTS"): (i) the Registration Rights
Agreement (the "REGISTRATION RIGHTS AGREEMENT") in the form attached hereto as
EXHIBIT A; (ii) the Escrow Agreement in the form attached hereto as EXHIBIT B;
and  (iii) the Warrant (the "WARRANT") in the form attached hereto as EXHIBIT
C.   On the Closing Date (as defined below), the Escrow Agent shall deliver
(i) the Purchase Price to the Company and (ii) the Certificate to the
Purchaser.

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              2.2    REPRICED SHARES.  Definitions:

                     (a)    As used herein, "CLOSING BID PRICE" shall mean the
closing bid price of the Common Stock as reported, at the option of Purchaser,
by Bloomberg, LP or the American Stock Exchange ("ASE").

                     (b)    "EFFECTIVE DATE" shall mean date on which the
Securities and Exchange Commission (the "SEC") declares effective the
registration statement covering the Registrable Shares (as defined in the
Registration Rights Agreement).

                     (c)    "INITIAL CLOSING PRICE" shall mean 80% of the
average Closing Bid Price for the ten (10) consecutive Business Days
immediately prior to the date of the Initial Closing (i.e. $4.17).

                     (d)    "REPRICING PERIOD" shall mean each of the First
Repricing Period, the Second Repricing Period, and the Third Repricing Period,
each as defined below.

                     (e)    "REPRICED SHARES" shall mean the First Repriced
Shares, the Second Repriced Shares, and the Third Repriced Shares, each as
defined below.

              2.3    FIRST REPRICING PERIOD.   The "FIRST REPRICING PERIOD"
shall commence on the earlier of (a) the day that is sixty (60) days after the
Closing Date or (b) the Effective Date, and end twenty (20) trading days after
such date.  If the lowest average Closing Bid Price for any five (5) Business
Days (not necessarily consecutive) during the First Repricing Period (the
"FIRST REPRICING PRICE"), is not equal to or greater than 120% of the Initial
Closing Price, then  one-third (1/3) of the Initial Shares shall be repriced
(the "FIRST REPRICED SHARES"). The Company shall  issue to Purchaser the
number of additional Shares as determined according to the following formula:

((1.20 x Initial Closing Price) - First Repricing Price) x (# of the First
Repriced Shares) / First Repricing Price.

              2.4    SECOND REPRICING PERIOD.  The "SECOND REPRICING PERIOD"
shall commence on the day immediately following the First Repricing Period and
end twenty (20) trading days thereafter. If the lowest average Closing Bid
Price for any five (5) Business Days (not necessarily consecutive) during the
Second Repricing Period (the "SECOND REPRICING PRICE"), is not equal to or
greater than 125% of the Initial Closing Price, then one-third  (1/3) of the
Initial Shares shall be repriced (the "SECOND REPRICED SHARES"). The Company
shall issue to Purchaser the number of additional Shares as determined
according to the following formula:

((1.25 x Initial Closing Price) - Second Repricing Price) x (# of the Second
Repriced Shares) / Second Repricing Price.

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              2.5    THIRD REPRICING PERIOD.  (a)  The "THIRD REPRICING
PERIOD" shall commence on the day immediately following the Second Repricing
Period and end twenty (20) days thereafter. If the lowest average Closing Bid
Price for any five  (5) Business Days (not necessarily consecutive) during the
Third Repricing Period (the "THIRD REPRICING PRICE"), is not equal to or
greater than 130% of the Initial Closing Price, one-third (1/3) of the Initial
Shares shall be repriced (the "THIRD REPRICED SHARES").  The Company shall
issue to Purchaser the number of additional Shares as determined according to
the following formula:

(1.30 x Initial Closing Price) - Third Repricing Price) x (# of the Third
Repriced Shares) / Third Repricing Price.

       3.     REPRESENTATIONS AND WARRANTIES OF PURCHASER.  To induce the
Company's acceptance of this Agreement, each of Purchasers hereby severally
certifies, represents and warrants to the Company and its agents and attorneys
as follows, which representations and warranties are solely for the benefit of
the Company and may be waived in whole or in part at any time prior to the
Initial Closing by the Company:

              3.1    INTENT.  Purchaser will be acquiring the Shares for its
own account, and Purchaser has no present arrangement (whether or not legally
binding) to sell any of the Shares to or through any person or entity;
PROVIDED, HOWEVER, that by making the representations herein, Purchaser does
not agree to hold any of the Shares for any minimum or other specific term and
reserves the right to dispose of the Shares at any time in accordance with
U.S. federal and state securities laws applicable to such disposition and any
restrictions imposed on such transfer by the Transaction Documents.  Purchaser
understands that the Shares must be held indefinitely unless the Shares are
subsequently registered under the Securities Act or an exemption from
registration is available.  Purchaser has been advised or is aware of the
provisions of Rule 144 promulgated under the Securities Act.

              3.2    SOPHISTICATED INVESTOR.  Purchaser is a "sophisticated
investor" (as described in Rule 506(b)(2)(ii) of Regulation D) and an
"accredited investor" (as defined in Rule 501(a) of Regulation D), and
Purchaser has such knowledge and experience in business and financial matters
that it is capable of evaluating the merits and risks of an investment in the
Company.

              3.3    ABILITY OF PURCHASER TO BEAR RISK OF INVESTMENT.
Purchaser acknowledges that the Shares are speculative investments and involve
a high degree of risk and Purchaser is able to bear the economic risk of an
investment in the Shares, and, at the present time, is able to afford a
complete loss of such investment.

              3.4    AUTHORITY.  Each of the Transaction Documents (except for
the Warrant) has been duly authorized and validly executed and delivered by
Purchaser and (assuming due authorization and valid execution by the Company)
is a legal, valid and binding agreement of Purchaser enforceable against
Purchaser in accordance with its terms, subject to general principles of
equity and to bankruptcy, insolvency or similar laws relating to, or affecting
generally the enforcement of creditors'

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rights and remedies or by other equitable principles of general application.
The person or persons executing the Transaction Documents (except for the
Warrant) have all requisite authority to do so on behalf of Purchaser.

              3.5    BROKERS, FINDERS.  Except with respect to Dutchess
Advisors, Ltd., Purchaser has taken no action which would give rise to any
claim by any person for brokerage commission, finder's fees or similar
payments by the Company relating to this Agreement or the transactions
contemplated hereby.  The Company shall have no obligation with respect to
such fees or with respect to any claims made by or on behalf of other persons
for fees of a type contemplated in this section that may be due in connection
with the transactions contemplated hereby.  Purchaser shall indemnify and hold
harmless the Company, its employees, officers, directors, agents and partners,
and their respective affiliates, from and against all claims, losses, damages,
costs (including the costs of preparation and attorneys' fees) and expenses
suffered in respect of any such claimed or existing fees, as and when incurred.

              3.6    ORGANIZATION; AUTHORITY.  Purchaser is an entity
organized, validly existing and in good standing under the laws of the
jurisdiction of its organization with the requisite power and authority to
enter into and to consummate the transactions contemplated by this Agreement
and to carry out its obligations thereunder.  The acquisition of the Shares
and the payment of the Purchase Price therefor by such Purchaser have been
duly authorized by all necessary action on the part of Purchaser.

              3.7    ABSENCE OF CONFLICTS.  The execution and delivery of each
of the Transaction Documents (except for the Warrant), and the consummation of
the transactions contemplated by this Agreement and such other documents and
instruments, and compliance with the requirements thereof, will not violate
any law, rule, regulation, order, writ, judgment, injunction, decree or award
binding on Purchaser, or the provision of any indenture, instrument or
agreement to which Purchaser is a party or is subject, or by which Purchaser
or any of its assets is bound, or conflict with or constitute a material
default thereunder, or require the approval of any third-party pursuant to any
material contract, agreement, instrument, relationship or legal obligation to
which Purchaser is subject or to which any of its assets, operations or
management may be subject.

              3.8    DISCLOSURE; ACCESS TO INFORMATION.  Purchaser has
received copies of or has had access to all documents, records, books and
other information pertaining to Purchaser's investment in the Company and the
Shares that have been requested by Purchaser.  Purchaser or its representative
has been afforded the opportunity to ask questions of the Company and its
management. Purchaser further acknowledges that it understands that the
Company is subject to the periodic reporting requirements of the Securities
Exchange Act of 1934, as amended (the "EXCHANGE ACT"), and Purchaser has
reviewed or received copies of any such reports that it has requested.

              3.9    MANNER OF SALE.  At no time was Purchaser presented with
or solicited by or through any leaflet, public promotional meeting, television
advertisement or any other form of general solicitation or advertising with
respect to the Shares.

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              3.10   ACCURACY OF OTHER MATERIALS.  To the extent Purchaser has
received from the Company documents or other materials, which constitute
summaries, projections, forecasts or estimates, Purchaser acknowledges the
following with respect to such documents or other materials. Such documents or
other materials are intended to illustrate projected financial and other
results based upon a set of assumptions (in some cases based on information
obtained by the Company from outside sources) that the Company views as
reasonable and obtainable.  All such summaries, projections, forecasts or
estimates pertaining to revenue growth, profitability and other similar
financial or market data are forward-looking statements.  Such statements are
subject to certain risks and uncertainties that could cause actual results to
differ materially from those projected.  No representations or warranties of
future performance by or market trends for the Company are intended, and such
are expressly disclaimed.

              3.11   ACCURACY OF REPRESENTATIONS AND INFORMATION.  All
representations made by Purchaser in the Transaction Documents, and all
information provided by Purchaser to the Company concerning Purchaser are
correct and complete in all material respects as of the date hereof.

              3.12   Notwithstanding any other provision hereof, of the
Warrants or of any of the other Transaction Agreements, in no event (except
(i) as specifically provided in this Agreement as an exception to this
provision, or (ii) while there is outstanding a tender offer for any or all of
the shares of the Company's Common Stock) shall the Purchaser be entitled to
exercise Repricing Rights or shall the Company have the obligation, to deliver
Repricing Shares  to the extent that, after such conversion, the sum of (1)
the number of shares of Common Stock beneficially owned by the Purchaser and
its affiliates (other than shares of Common Stock which may be deemed
beneficially owned through the ownership Repricing Shares not yet issued or
unexercised portion of the Warrants), and (2) the number of shares of Common
Stock issuable upon the exercise of Repricing Rights or exercise of the
Warrants with respect to which the determination of this proviso is being
made, would result in beneficial ownership by the Purchaser and its affiliates
of more than 9.99% of the outstanding shares of Common Stock (after taking
into account the shares to be issued to the Purchaser upon such exercise).
For purposes of the proviso to the immediately preceding sentence, beneficial
ownership shall be determined in accordance with Section 13(d) of the
Securities Exchange Act of 1934, as amended (the "1934 Act"), except as
otherwise provided in clause (1) of such sentence. The Purchaser, further
agrees that if the Purchaser transfers or assigns any of the Shares to a party
who or which would not be considered such an affiliate, such assignment shall
be made subject to the transferee's or assignee's specific agreement to be
bound by the provisions of this Paragraph 3.12 as if such transferee or
assignee were the original Purchaser hereof.

       4.     REPRESENTATIONS AND WARRANTIES OF THE COMPANY.  The Company
hereby represents and warrants to Purchaser as follows, which representations
and warranties are solely for the benefit of Purchaser and may be waived in
whole or in part by Purchaser at any time prior to the Initial Closing.  For
purposes of this Section, the word "knowledge" shall mean the actual knowledge
of the president, chief executive officer, chief operating officer or the
chief financial officer.

              4.1    COMPANY STATUS.  The Company has registered the Common
Stock pursuant

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to Section 12(b) of the Exchange Act, is in compliance in all material
respects with the reporting requirements of the Exchange Act, meets the
requirements for the continued listing of the Common Stock on the American
Stock Exchange, and the Common Stock currently trades on the American Stock
Exchange.

              4.2    CURRENT PUBLIC INFORMATION.  The Company has furnished or
made available to Purchaser, the location of, or true and correct copies of
all registration statements, reports and documents filed with the SEC by or
with respect to the Company since March 31, 1999, and prior to the date of
this Agreement, pursuant to the Securities Act or the Exchange Act
(collectively, the "SEC DOCUMENTS").  The SEC Documents are the only filings
made by or with respect to the Company since March 31, 1999  pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act or pursuant to the
Securities Act.  The Company has filed all reports, schedules, forms,
statements and other documents required to be filed under Sections 13(a), 14
and 15(d) of the Exchange Act since March 31, 1999, and prior to the date of
this Agreement.

              4.3    NO GENERAL SOLICITATION.  Neither the Company, nor any of
its affiliates, nor any person acting on its or their behalf, has engaged in
any form of general solicitation or general advertising (within the meaning of
Regulation D under the Securities Act) in connection with the offer or sale of
the Shares.

              4.4    VALID ISSUANCE OF COMMON STOCK.  The authorized capital
stock of the Company consists of 500,000,000 shares of Common Stock, of which
6,880,076 shares are issued and outstanding as of May 3, 2000, a maximum of
2,535,751 shares are reserved for issuance upon exercise of options and
approximately 1,300,000 may be issued upon conversion of certain debt in the
principal amount of $1,300,000, such reserved shares being exclusive of any
shares of Common Stock issuable purusant to this Agreement or the Warrant.
All of the outstanding shares of Common Stock of the Company have been duly
and validly authorized and issued and are fully paid and non-assessable.
Except as set forth above, as of the date of this Agreement, (i) there are no
outstanding options, warrants, scrip, rights to subscribe to, calls or
commitments of any character whatsoever relating to, or securities or rights
convertible into, any shares of capital stock of the Company, or contracts,
commitments, understandings or arrangements by which the Company is or may
become bound to redeem or issue additional shares of capital stock of the
Company or options, warrants, scrip, rights to subscribe to, calls or
commitments of any character whatsoever relating to, or securities or rights
convertible into, any shares of capital stock of the Company, (ii) there are
no outstanding debt securities, (iii) there are no agreements or arrangements
under which the Company is obligated to register the sale of any of their
securities under the Securities Act, (iv) there are no securities or
instruments containing any anti-dilution, right of first refusal, preemptive
rights or similar provisions that will be triggered by the issuance of the
Shares as described in this Agreement.  When issued pursuant to this Agreement
upon payment of the consideration therefor, the Shares will be duly and
validly issued, fully paid and non-assessable.

              4.5    ORGANIZATION AND QUALIFICATION.  The Company is a
corporation duly incorporated and existing in good standing under the laws of
Utah, and has the requisite corporate

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power to own its properties and to carry on its business as now being
conducted. The Company does not have any subsidiaries.  The Company is duly
qualified as a foreign corporation to do business and is in good standing in
every jurisdiction in which the nature of the business conducted or property
owned by it makes such qualification necessary, other than those in which the
failure so to qualify would not have a Material Adverse Effect.  "MATERIAL
ADVERSE EFFECT" means any effect on the business, operations, properties,
prospects, or financial condition of the entity or entities with respect to
which such term is used and which is material and adverse to such entity or to
other entities controlling or controlled by such entity, and/or any condition
or situation which would prohibit or otherwise interfere with the ability of
the entity or entities with respect to which said term is used to enter into
and perform its obligations under the Transaction Documents.

              4.6    AUTHORIZATION: ENFORCEMENT.  (i) The Company has the
requisite corporate power and authority to enter into and perform under the
Transaction Documents and to issue the Shares and the Warrant in accordance
with the terms of the Transaction Documents, (ii) the execution, issuance and
delivery of the Transaction Documents by the Company and the consummation by
it of the transactions contemplated by the Transaction Documents have been
duly authorized by all necessary corporate action, and no further consent or
authorization of the Company or its board of directors or shareholders is
required, (iii) the Transaction Documents have been duly executed and
delivered by the Company, and (iv) the Transaction Documents (assuming due
authorization and valid and legal execution by Purchaser) constitute legal,
valid and binding obligations of the Company enforceable against the Company
in accordance with their terms, except as such enforceability may be limited
by applicable bankruptcy, insolvency, or similar laws relating to, or
affecting generally the enforcement of, creditors' rights and remedies or by
other equitable principles of general application.

              4.7    [Intentionally Omitted]

              4.8    NO CONFLICTS.  Except as set forth in SCHEDULE 4.8, the
execution, delivery and performance of the Transaction Documents by the
Company and the consummation by the Company of the transactions contemplated
hereby, including, without limitation, the issuance of the Shares, do not and
will not (i) result in a violation of the Company's Articles of Incorporation
or Bylaws, (ii) conflict with, or result in a breach of or forfeiture of any
rights (or result in an event which with notice or lapse of time or both would
become a breach of or forfeiture of any rights) under, or give to others any
rights of termination, amendment, acceleration or cancellation of, any
material agreement, indenture or instrument to which the Company is a party or
(iii) result in a violation of any federal or state law, rule, regulation,
order, judgment or decree (including federal and state securities laws and
regulations) applicable to the Company or by which any property or asset of
the Company is bound or affected (except for such conflicts, defaults,
terminations, amendments, accelerations, cancellations and violations as would
not, individually or in the aggregate, have a Material Adverse Effect).  To
the best of its knowledge, the business of the Company is not being conducted
in violation of any law, ordinance or regulation of any governmental entity,
except for possible violations which either singly or in the aggregate do not
and will not have a Material Adverse Effect.  The Company is not required
under federal, state or local law, rule or regulation to obtain any consent,
authorization or order of, or make any filing or registration with, any court
or governmental agency in order for it to execute,

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deliver or perform any of its obligations under this Agreement or issue and
sell the Shares and the Warrant in accordance with the terms of this Agreement
(other than any SEC, NASD or state securities filings which may be required to
be made by the Company subsequent to any Closing, and any registration
statement which may be filed in furtherance of this Agreement); PROVIDED that,
for purposes of the representation made in this sentence, the Company is
assuming and relying upon the accuracy of the relevant representations and
agreements of Purchaser herein. The Company is not in violation of any
material term of or in material default under its Articles of Incorporation,
of any outstanding series of preferred stock or Bylaws or their organizational
charter or Bylaws, respectively, or any material contract, agreement,
mortgage, indebtedness, indenture, instrument, judgment, decree of order or
any statute, rule or regulation applicable to the Company, which has not been
duly waived as of the date of this Agreement.

              4.9    SEC DOCUMENTS.  The Company has not provided to Purchaser
any information which according to applicable law, rule or regulation, should
have been disclosed publicly prior to the date hereof by the Company but which
has not been so disclosed.  As of their respective dates, the SEC Documents
complied, and all similar documents filed with the SEC prior to the Closing
Date will comply, in all material respects with the requirements of the
Securities Act or the Exchange Act, as the case may be, and rules and
regulations of the SEC promulgated thereunder and other federal, state and
local laws, rules and regulations applicable to such SEC Documents, and none
of the SEC Documents contained, nor will any similar document filed with the
SEC prior to the Closing Date contain, any untrue statement of a material fact
or omitted to state a material fact required to be stated therein or necessary
in order to make the statements therein, in light of the circumstances under
which they were made, not misleading.  The financial statements of the Company
included in the SEC Documents, as of the dates thereof, complied, and all
similar documents filed with the SEC prior to the Closing Date will comply, as
to form in all material respects with applicable accounting requirements and
the published rules and regulations of the SEC and other applicable rules and
regulations with respect thereto.  Such financial statements were prepared in
accordance with generally accepted accounting principles applied on a
consistent basis during the periods involved (except (i) as may be otherwise
indicated in such financial statements or the notes thereto or (ii) in the
case of unaudited interim statements, to the extent they may not include
footnotes or may be condensed or summary statements as permitted by Form 10-Q
of the SEC) and fairly present in all material respects the financial position
of the Company as of the dates thereof and the results of operations and cash
flows for the periods then ended (subject, in the case of unaudited
statements, to normal year-end audit adjustments).

              4.10   NO UNDISCLOSED LIABILITIES.  Except as set forth in
SCHEDULE 4.10, the Company has no liabilities or obligations of a financial
nature (whether accrued, absolute, contingent or otherwise), which are
material, individually or in the aggregate, and required to be disclosed in,
but are not disclosed in, the SEC Documents, other than those incurred in the
ordinary course of the Company's business consistent with past practice since
September 30, 1999, and which, individually or in the aggregate, do not or
would not have a Material Adverse Effect on the Company.

              4.11   LITIGATION AND OTHER PROCEEDINGS.  Except as may be set
forth in the SEC

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Documents or set forth in SCHEDULE 4.11, there are no lawsuits or proceedings
pending or, to the best knowledge of the Company, threatened, against the
Company, nor has the Company received any written or oral notice of any such
action, suit, proceeding or investigation, which might have a Material Adverse
Effect on the Company or which likely would have a Material Adverse Effect on
the transactions contemplated by this Agreement.  Except as set forth in the
SEC Documents, no judgment, order, writ, injunction or decree or award has
been issued by or, to the best knowledge of the Company, requested of any
court, arbitrator or governmental agency which likely would have a Material
Adverse Effect on the transactions contemplated by this Agreement.

              4.12   MATERIAL NON-PUBLIC INFORMATION. The Company is not in
possession of, nor has the Company or its agents disclosed to Investor, any
information which it considers to be material non-public information that (a)
if disclosed, would reasonably be expected to have a materially adverse effect
on the price of the Common Stock or(b) according to applicable law, rule or
regulation, should have been disclosed publicly by the Company prior to the
date hereof but which has not been so disclosed. Notwithstanding the
foregoing, the Purchaser understands and agrees that, in the normal course of
its business, the Company possesses inside information concerning its
business, prospects and financial condition which it does not publicly
disclose and which it did not disclose to the Purchaser.

              4.13   NATURE OF COMPANY.  The Company is not an open-ended
investment company or a unit investment trust, registered or required to be
registered, or a closed end investment company required to be registered, but
not registered, under the Investment Company Act of 1940.

              4.14   BROKERS, FINDERS.  Except for the payment of consulting
fees in the amount of $183,000 to Dutchess Advisors, Ltd., payment of which is
the sole responsibility of the Company, the Company has taken no action which
would give rise to any claim by any person for brokerage commission, finder's
fees or similar payments by Purchaser relating to this Agreement or the
transactions contemplated hereby.  Purchaser shall have no obligation with
respect to such fees or with respect to any claims made by or on behalf of
other persons for fees of a type contemplated in this SECTION 4.14 that may be
due in connection with the transactions contemplated hereby.  The Company
shall indemnify and hold harmless each of Purchaser and its employees,
officers, directors, agents, partners and affiliates, from and against all
claims, losses, damages, costs (including the costs of preparation and
attorney's fees) and expenses suffered in respect of any such claimed or
existing fees, as and when incurred.

              4.15   ABSENCE OF CERTAIN CHANGES.  Except as set forth in
SCHEDULE 4.15, since September 30, 1999, no Material Adverse Effect has been
suffered by, and no material adverse development has occurred in the business,
properties, operations, financial condition or results of operations of the
Company.  The Company has not taken any steps, and does not currently expect
to take any steps, to seek protection pursuant to any bankruptcy law, nor does
the Company have any knowledge or reason to believe that its creditors intend
to initiate involuntary bankruptcy proceedings.

              4.16   INTELLECTUAL PROPERTY RIGHTS.  To its knowledge without
conducting any special

                                     14

<PAGE>

investigation and except as set forth on SCHEDULE 4.16, the Company owns or
possesses the rights or licenses to use all trademarks, trade names, service
marks, service mark registrations, service names, patents, patent rights,
copyrights, inventions, licenses, approvals, governmental authorizations,
trade secrets and rights used by it in the conduct of its businesses as now
conducted.  None of the Company's material trademarks, trade names, service
marks, service mark registrations, service names, patents, patent rights,
copyrights, inventions, licenses, approvals, government authorizations, trade
secrets or other intellectual property rights has expired or terminated.
Except as set forth on SCHEDULE 4.16, the Company has not received written
notice of any infringement by the Company of trademarks, trade name rights,
patents, patent rights, copyrights, inventions, licenses, service names,
service marks, service mark registrations, trade secrets or other similar
intellectual property rights of others, and, the Company has not received any
written claims, and is not subject to any action or proceeding, or, to the
best of its knowledge, has any action or proceeding been threatened in writing
against the Company regarding trademark, trade name, patent, patent rights,
invention, copyright, license, service name, service mark, service mark
registration, trade secret or other infringement of similar intellectual
property rights.  The Company has taken what it believes to be reasonable
security measures to protect the confidentiality of all of its material
intellectual properties.

              4.17   INTERNAL ACCOUNTING CONTROLS.  The Company has not been
advised by its independent auditors that its system of internal accounting
controls is not sufficient to provide reasonable assurance that (i)
transactions are executed in accordance with management's general or specific
authorizations, (ii) transactions are recorded as necessary to permit
preparation of financial statements in conformity with generally accepted
accounting principles and to maintain asset accountability, (iii) access to
assets is permitted only in accordance with management's general or specific
authorization and (iv) the recorded accountability for assets is compared with
the existing assets at reasonable intervals and appropriate action is taken
with respect to any differences.

              4.18   TAX STATUS.  Except as set forth in SCHEDULE 4.18, the
Company has made or filed all federal and state income and all other tax
returns, reports and declarations required by any jurisdiction to which it is
subject and has paid all taxes and other governmental assessments and charges
that are material in amount, shown or determined to be due on such returns,
reports, declarations, except those being contested in good faith, and has
set aside on its books, provisions which the Company believes reasonably
adequate for the payment of all taxes for periods subsequent to the periods to
which such returns, reports, or declarations apply.  There are no unpaid taxes
in any material amount claimed to be due by the taxing authority of any
jurisdiction, and the officers of the Company know of no basis for any such
claim.

              4.19   CERTAIN TRANSACTIONS.  Except (a) as set forth in the SEC
Documents, (b) for arm's length transactions pursuant to which the Company
makes payments in the ordinary course of business upon terms no less favorable
than the Company could obtain from third parties, (c) the grant of stock
options and compensation and (d) transactions not required to be disclosed in
the SEC Filings, none of the officers, directors or employees of the Company
(or any spouse or relative of any such person) is presently a party to any
transaction with the Company (other than for services as employees, officers
and directors), including any contract, agreement or other arrangement
providing

                                       15

<PAGE>

for the furnishing of services to or by, providing for rental of real or
personal property to or from, or otherwise requiring payments to or from any
officer, director or such employee or, to the knowledge of the Company, any
corporation, partnership, trust or other entity in which any officer,
director, or any such employee has a substantial interest or is an officer,
director, trustee or partner.

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

              4.21   MARKET QUOTES.  The Company's Common Stock is presently
quoted on the American Stock Exchange under the symbol "DDD". The Company is
not in receipt of any written notice from any stock exchange, market or
trading facility on which the Common Stock is or has been listed or traded (or
on which it is or has been quoted) to the effect that the Company is not in
compliance with the listing or maintenance requirements of such stock
exchange, market or trading facility or that the Common Stock will be delisted
from such stock exchange, market or trading facility.

              4.22   NO INTEGRATED OFFERING.  Neither the Company nor any of
its affiliates nor any person acting on its or their behalf has, directly or
indirectly, at any time since November 1, 1999, made any offer or sales of any
security or solicited any offers to buy any security under circumstances that
would eliminate the availability of the exemption from registration under
Regulation D in connection with the offer and sale of the Shares as
contemplated hereby.

       5.     USE AND DISPOSITION OF PROCEEDS.  The Company will use the
proceeds from the sale of the Initial Shares (excluding amounts paid by the
Company for legal fees, finder's fees and escrow agent fees in connection with
the sale of the Initial Shares) for working capital and other corporate
purposes, including possible acquisitions, joint ventures and other strategic
relationships,  but shall not, directly or indirectly, use such proceeds for
investment in or repay debt to any affiliate (other than a subsidiary, joint
venture or other entity in which the Company has an equity interest).

       6.     COMPANY RELIANCE ON PURCHASER'S REPRESENTATIONS.  Purchaser
understands that the Company is relying on the truth and accuracy of the
representations and warranties made herein by Purchaser in offering the Shares
for sale and in relying upon applicable exemptions available under the Act and
applicable state securities laws.

       7.     RESTRICTED SHARES.  Purchaser understands and acknowledges that
the Shares have not

                                       16

<PAGE>

been, and will not as of the time issued, be registered under the Securities
Act and that they will be issued in reliance upon exemptions from the
registration requirements of the Securities Act, and thus cannot be resold
unless they are included in an effective registration statement filed under
the Securities Act or unless an exemption from registration is available for
such resale.  With regard to the restrictions on resales of the Shares,
Purchaser is aware:  (a) that the Company will issue stop transfer orders to
its stock transfer agent in the event of attempts to improperly transfer any
such Shares, and (b) that a restrictive legend will be placed on certificates
representing the Shares, which legend will read substantially as follows:

       THESE SECURITIES (THE "SECURITIES") HAVE NOT BEEN REGISTERED UNDER
       THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF
       ANY STATE AND MAY NOT BE SOLD OR OFFERED FOR SALE IN THE ABSENCE
       OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES OR AN
       OPINION OF COUNSEL OR OTHER EVIDENCE ACCEPTABLE TO THE CORPORATION
       THAT SUCH REGISTRATION IS NOT REQUIRED.

The legend set forth above shall be promptly removed, and the Company shall
issue a certificate without such legend to the holder of any such Unlegended
Shares (as defined below) upon which such legend is stamped, if, unless
otherwise required by state securities laws, (i) such Shares are registered
for resale under the Securities Act, (ii) in connection with a sale
transaction, provided that such holder provides the Company with an opinion of
counsel, in a generally acceptable form, to the effect that a public sale,
assignment or transfer of such Shares may be made without registration under
the Securities Act, or (iii) such holder provides the Company with reasonable
assurances that such Shares can be sold pursuant to Rule 144 promulgated under
the Securities Act without any restriction as to the number of securities
acquired as of a particular date that can then be immediately sold.
Notwithstanding the removal of the legend set forth above in the event the
Shares are registered for resale on an effective registration statement, the
Company reserves the right to affix a legend on certificates representing such
Shares that any selling shareholder must comply with the prospectus delivery
requirements of the Securities Act in connection with any resale.  The Company
shall bear the cost of the removal of any legend as anticipated by this
SECTION 7.

       8.     OTHER COVENANTS OF THE COMPANY.

              8.1    FURNISHING OF INFORMATION.  As long as Purchaser owns
Shares, the Company covenants to timely file (or obtain extensions in respect
thereof and file within the applicable grace period) all reports required to
be filed by the Company after the date hereof pursuant to Section 13(a) or
15(d) of the Exchange Act.  If at any time prior to the date on which
Purchaser may resell all of its Shares without volume restrictions pursuant to
Rule 144(k) promulgated under the Securities Act (as determined by counsel to
the Company pursuant to a written opinion letter to such effect, addressed and
acceptable to the Company's transfer agent for the benefit of and enforceable
by Purchaser) the Company is not required to file reports pursuant to such
sections, it will prepare and furnish to Purchaser and make publicly available
in accordance with Rule 144(c) promulgated under the

                                       17

<PAGE>

Securities Act annual and quarterly financial statements, together with a
discussion and analysis of such financial statements in form and substance
substantially similar to those that would otherwise be required to be included
in reports required by Section 13(a) or 15(d) of the Exchange Act in the time
period that such filings would have been required to have been made under the
Exchange Act. The Company further covenants that it will take such further
action as Purchaser may reasonably request, all to the extent required from
time to time to enable Purchaser to sell its Shares without registration under
the Securities Act within the limitation of the exemptions provided by Rule
144 promulgated under the Securities Act.

              8.2    LISTING OF SHARES.  The Company shall, if required by any
applicable listing agreement, (a) not later than the Effective Date, prepare
and file with any national securities exchange, market or trading facility on
which the Common Stock is then listed an additional shares listing application
covering the Shares, (b) take all steps necessary to cause such shares to be
approved for listing on any other national securities exchange, market or
trading facility on which the Common Stock is then listed as soon as possible
thereafter and (c) provide to Purchaser evidence of such listing, and the
Company shall maintain the listing of its Common Stock on such exchange or
market.

              8.3    FIRST RIGHT.  The Company shall not, directly or
indirectly, without the prior written consent of Purchaser, offer, sell, grant
any option to purchase, or otherwise dispose of (or announce any offer, sale,
grant or any option to purchase or other disposition) any of its Common Stock
or securities convertible into Common Stock at a price that is less than the
90% of the market price of the Common Stock at the time of issuance of such
security or investment (a "SUBSEQUENT FINANCING") for a period of (a) six (6)
months after the Effective Date, or (b) the date all of the Shares shall have
been sold, or (c) such date as the Purchaser shall have sold not less than 80%
of the Shares purchased by the Purchaser, except (i) the granting of options
or warrants to employees, officers, directors and consultants, (ii) the
issuance of shares upon exercise of options granted under any stock option
plan heretofore or hereinafter duly adopted by the Company, (iii) the issuance
of any shares upon any currently outstanding warrants or options and upon
conversion of any currently outstanding convertible securities to the extent
described in SECTION 4.4, (iv) securities issued in connection with the
capitalization or creation of a joint venture with a strategic partner, (v)
shares issued to pay part or all of the purchase price for the acquisition by
the Company of a person (which, for purposes of this clause (v), shall not
include an individual or group of individuals), (vi) shares issued, other than
for cash,  in connection with a merger, consolidation or acquisition of
assets, (vii) shares issued in a public offering by the Company of its
securities which is registered with the Securities and Exchange Commission
pursuant to the Securities Act, or (viii) shares issued to a qualified
institutional buyer, as defined in Rule 144A(a), or (ix) shares issued in a
private placement if the placement agent is acceptable to the Purchaser,
unless (A) the Company delivers to Purchaser a written notice (the "SUBSEQUENT
FINANCING NOTICE") of its intention to effect such Subsequent Financing, which
Subsequent Financing Notice shall describe in reasonable detail the proposed
terms of such Subsequent Financing, the amount of proceeds intended to be
raised thereunder, the person with whom such Subsequent Financing shall be
effected, and attached to which shall be a term sheet or similar document
relating thereto and (B) Purchaser shall not have notified the Company by 5:00
p.m. (New York time) on the tenth (10th) Business Day after its receipt of the
Subsequent Financing Notice of

                                       18

<PAGE>

its willingness to provide, subject to completion of mutually acceptable
documentation, financing to the Company on substantially the terms set forth
in the Subsequent Financing Notice. If Purchaser shall fail to notify the
Company of its intention to enter into such negotiations within such time
period (the "Purchaser Evaluation Period"), then the Company may effect the
Subsequent Financing substantially upon the terms and to the persons (or
affiliates of such persons) set forth in the Subsequent Financing Notice;
PROVIDED THAT the Company shall provide Purchaser with a second Subsequent
Financing Notice, and Purchaser shall again have the right of first refusal
set forth above in this SECTION 8.3, if the Subsequent Financing subject to
the initial Subsequent Financing Notice shall not have been consummated for
any reason on the terms set forth in such Subsequent Financing Notice within
forty (40) Business Days after the expiration of the Purchaser Evaluation
Period with the person (or an affiliate of such person) identified in the
Subsequent Financing Notice.  The rights granted to Purchaser in this SECTION
8.3 are not subject to any prior right of first refusal given to any other
person except as disclosed on SCHEDULE 4.4.

              8.4    CERTAIN AGREEMENTS.

              (a) The Company covenants and agrees that it will not, without
the prior written consent of Purchaser, enter into any subsequent or further
offer or sale of Common Stock or securities convertible into Common Stock with
any third party until the date which is one hundred eighty (180) days after
the Effective Date.

              (b)    The provisions of SECTION 8.4(a) will not apply to:  (w)
Common Stock issued pursuant to Rule 144, provided the holder thereof is
required to hold such Common Stock for at least one year from the date of
issuance; (x) a public offering of shares of Common Stock registered pursuant
to the Securities Act; or (y) the issuance of securities (other than for cash)
in connection with a merger, consolidation, sale of assets, disposition or the
exchange of the capital stock for assets, stock or other joint venture
interests; or (z) any other sales or other transactions which  permitted by
SECTION 8.3 of this Agreement; and provided further, that such securities
would not be included in the Registration Statement relating to the Initial
Shares and a registration statement in respect of such stock shall not be
filed prior to sixty (60) days after the Effective Date.

              8.5    LIMITATION ON ISSUANCE OF COMMON STOCK.  The Company
shall not issue an aggregate number of (i) Shares under this Agreement and
(ii) shares of Common Stock pursuant to the exercise of the Warrant, that
exceeds 19.9% of the shares of Common Stock issued and outstanding on the date
of the Initial Closing (the "SHARE LIMITATION").  If, pursuant to this
Agreement and the Warrant the Company otherwise would be required to issue a
number of shares of Common Stock that exceeds the Share Limitation, then (i)
the Company will promptly take all steps reasonably necessary to be in a
position to issue Shares and Repricing Shares upon exercise of the Warrants
without violating the Cap Regulations and (ii) if, despite taking such steps,
the Company still cannot issue such Shares and Repricing Shares  without
violating the Cap Regulations, the Company shall redeem each Repriced Share
for an amount equal to the economic benefit a holder of Initial Shares would
realize before taxes and commissions for selling the Repricing Shares issuable
to him.

                                       19
<PAGE>

              8.6    AVAILABLE SHARES.  The Company shall have at all times
authorized and reserved for issuance, free from preemptive rights, shares of
Common Stock sufficient to yield the number of shares of Common Stock issuable
as may be required to issue the Repriced Shares.

              8.7    WARRANT.  The Company agrees to issue to Purchaser at the
Closing, the transferable divisible Warrant for the number of shares of Common
Stock equal to 20% of the Purchase Price divided by the Initial Closing Price.
The Warrant shall (i) bear an exercise price per share of Common Stock equal
to 120% of the Closing Bid Price for the ten (10) Business Days immediately
prior to the Closing Date, (ii) be exercisable immediately upon issuance, and
for a period of five (5) years thereafter, and (iii) shall have cashless
exercise provision.

              8.8    REIMBURSEMENT.  If (i) Purchaser, other than by reason of
its gross negligence or willful misconduct, becomes involved in any capacity
in any action, proceeding or investigation brought by any shareholder of the
Company, in connection with or as a result of the consummation of the
transactions contemplated by the Transaction Documents, or if Purchaser is
impleaded in any such action, proceeding or investigation by any person, or
(ii) Purchaser, other than by reason of its gross negligence or willful
misconduct or by reason of its trading of the Common Stock in a manner that is
illegal under the federal or state securities laws, becomes involved in any
capacity in any action, proceeding or investigation brought by the SEC against
or involving the Company or in connection with or as a result of the
consummation of the transactions contemplated by the Transaction Documents, or
if Purchaser is impleaded in any such action, proceeding or investigation by
any person, then in any such case, the Company will reimburse Purchaser for
its reasonable legal and other expenses (including the cost of any
investigation and preparation) incurred in connection therewith, as such
expenses are incurred. In addition, other than with respect to any matter in
which Purchaser is a named party, the Company will pay to Purchaser reasonable
out-of-pocket costs with respect to assisting in preparation for hearings,
trials or pretrial matters, or otherwise with respect to inquiries, hearing,
trials, and other proceedings relating to the subject matter of this
Agreement.  The reimbursement obligations of the Company under this SECTION
8.8 shall be in addition to any liability which the Company may otherwise
have, shall extend upon the same terms and conditions to any affiliates of
Purchaser that are actually named in such action, proceeding or investigation,
and partners, directors, agents, employees and controlling persons (if any),
as the case may be, of Purchaser and any such affiliate, and shall be binding
upon and inure to the benefit of any successors, assigns, heirs and personal
representatives of the Company, Purchaser and any such affiliate and any such
person.

              8.9    [OMITTED]

              9.     TRANSFER AGENT INSTRUCTIONS.

              9.1    IRREVOCABLE INSTRUCTIONS.  The Company will irrevocably
instruct its transfer agent to issue Repriced Shares from time to time in such
amounts as shall be specified from time to time by the Company to the transfer
agent, bearing the restrictive legend specified in SECTION 7 of this Agreement
prior to registration of the Shares under the Securities Act, registered in
the name of Purchaser or its nominee and in such denominations to be specified
by Purchaser in connection with

                                     20

<PAGE>

each Closing.  The Company warrants that no instruction other than such
instructions referred to in this SECTION 9 and stop transfer instructions to
give effect to SECTION 7 hereof prior to registration and sale of the Shares
under the Securities Act will be given by the Company to the transfer agent
and that the securities shall otherwise be freely transferable on the books
and records of the Company as and to the extent provided in this Agreement,
the Registration Rights Agreement, and applicable law.  Nothing in this
SECTION 9 shall affect in any way Purchaser's obligations and agreement to
comply with all applicable securities laws upon resale of the Shares.

              9.2    [Intentionally Omitted]

              9.3    ISSUANCE OF UNLEGENDED SHARES.

              (a)    Within three (3) Business Days from the Effective Date,
the Company will deliver to its transfer agent a letter in the form of EXHIBIT
F.  After the Effective Date, and as long as the Registration Statement is
current and effective, the Company will, by a letter in substantially the form
of Appendix B to Exhibit F, (i) instruct the transfer agent as to the
issuance of Repriced Shares with five Business Days after the Repriced Shares
become issuable, and (ii) instruct the transfer agent as to the issuance of
any shares ("Warrant Shares") of Common Stock upon exercise or conversion of
the Warrant within five Business Days after receipt of the Warrant in proper
form for exercise or conversion.

              (b)    If an opinion of counsel is necessary for the issuance of
Shares or Warrant Shares without a legend, the Company shall, within five
Business Days after the Effective Date, cause its counsel to issue an
appropriate opinion to the transfer agent in order that (i) the legend be
removed from the outstanding Shares that are subject to the Registration
Statement and (ii) the Shares or Warrant Shares are issued without a legend;
provided, that such opinion shall only be given if the Registration Statement
is current and effective.

              9.4    DELAY. The Company understands that a delay in the
issuance of the Unlegended Shares beyond the Delivery Date could result in
economic loss to Purchaser.  On and after the Effective Date as compensation
to Purchaser for such loss, the Company agrees to pay late payments to
Purchaser for late issuance of Unlegended Shares in accordance with the
following schedule (where "NO. OF DAYS LATE" is defined as the number of days
beyond five (5) Business Days from Delivery Date):

<TABLE>
<CAPTION>

                                          LATE PAYMENT FOR EACH
                NO. OF DAYS LATE         $10,000 OF COMMON STOCK
                ----------------         -----------------------
                <S>                      <C>
                       1                         $100
                       2                         $200
                       3                         $300
                       4                         $400
                       5                         $500

                                     21

<PAGE>

                       6                         $600
                       7                         $700
                       8                         $800
                       9                         $900
                      10                         $1,000
                     >10                         $1,000 +$200 for each Business
                                                        Day Late beyond 10 days

</TABLE>

The Company shall pay any payments incurred under this SECTION 9.4 in
immediately available funds upon demand.  Nothing herein shall limit
Purchaser's right to pursue actual damages for the Company's failure to issue
and deliver the Unlegended Shares to Purchaser, except to the extent that such
late payments shall constitute payment for and offset any such actual damages
alleged by Purchaser, and any Buy In Adjustment Amount (as defined below).

              9.5    COVER.  If the Company fails for any reason to deliver
the letter and opinion of counsel required by SECTION 9.3, and a holder (a
"Holder") of the Shares or Warrant Shares purchases, in an open market
transaction or otherwise, shares of Common Stock (the "COVERING SHARES") in
order to make delivery in satisfaction of a sale of Common Stock by such
Holder (the "SOLD SHARES"), which delivery such Holder anticipated to make
using the Unlegended Shares (a "BUY-IN") because of the effectiveness of the
Registration Statement, then the Company shall pay to such Holder (in addition
to all other amounts contemplated in other provisions of the Transaction
Documents, and not in lieu thereof), the Buy-In Adjustment Amount (as defined
below).  The "BUY-IN ADJUSTMENT AMOUNT" is the amount equal to the excess, if
any, of (x) such Holder's total purchase price (including brokerage
commissions, if any) for the Covering Shares over (y) the net proceeds (after
brokerage commissions, if any) received by such Holder from the sale of the
Sold Shares.  The Company shall pay the Buy-In Adjustment Amount to such
Holder in immediately available funds immediately upon demand by such Holder.
By way of illustration and not in limitation of the foregoing, if such Holder
purchases Covering Shares having a total purchase price (including brokerage
commissions) of $11,000 to cover a Buy-In with respect to shares of Common
Stock that it sold for net proceeds of $10,000, the Buy-In Adjustment Amount
that the Company will be required to pay to such Holder will be $1,000.

              9.6    The Company will authorize its transfer agent to give
information relating to the Company directly to the Purchaser or the
Purchaser's representatives upon the request of the Purchaser or any such
representative, to the extent such information relates to (i) the status of
shares of Common Stock issued or claimed to be issued to the Purchaser, or
(ii) the number of outstanding shares of Common Stock of all stockholders as
of a current or other specified date.  The Company will provide the Purchaser
with a copy of the authorization so given to the transfer agent.

              9.7    Subject to the completeness and accuracy of the Buyer's
representations and warranties herein, upon the conversion of any Preferred
Stock by a person who is a non-U.S. Person, and following the expiration of
any applicable Restricted Period (as those terms are defined in Regulation S),
the Company, shall, at its expense, take all necessary action (including the
issuance of an opinion of counsel) to assure that the Company's transfer agent
shall issue stock certificates without

                                     22

<PAGE>

restrictive legend or stop orders in the name of Buyer (or its nominee (being
a non-U.S. Person) or such non-U.S. Persons as may be designated by Buyer) and
in such denominations to be specified at conversion representing the number of
shares of Common Stock issuable upon such conversion, as applicable.  Nothing
in this Section 9.7, however, shall affect in any way Buyer's or such
nominee's obligations and agreement to comply with all applicable securities
laws upon resale of the Securities.

       10.    CLOSING DATE.

              10.1   The closing of the issuance and sale of the Initial
Shares shall occur on the date (the "CLOSING DATE"), which is the first
Business Day after the fulfillment or waiver of all closing conditions
pursuant to SECTIONS 11 AND 12 hereof or such other date and time as is
mutually agreed upon by the Company and Purchaser.

              10.2   Notwithstanding anything to the contrary contained
herein, the Escrow Agent will be authorized to release the Escrow Property
only upon satisfaction of the conditions set forth in SECTIONS 11 AND 12
hereof.

       11.    CONDITIONS TO THE COMPANY'S OBLIGATION TO SELL.

              Purchaser understands that the Company's obligation to sell the
Initial Shares on the Closing Date to Purchaser pursuant to this Agreement is
conditioned upon:

              11.1   The receipt and acceptance by Purchaser of this Agreement
as evidenced by Purchaser's execution and delivery of this Agreement.

              11.2   Delivery by Purchaser to the Escrow Agent of good funds
as payment in full of an amount equal to the Purchase Price for the Initial
Shares in accordance with SECTION 1.2 hereof;

              11.3   The accuracy on the Closing Date of the representations
and warranties of Purchaser contained in this Agreement as if made on the
Closing Date, and the performance by Purchaser on or before the Closing Date
of all covenants and agreements of Purchaser required to be performed on or
before the Closing Date;

              11.4   There shall not be in effect any law, rule or regulation
prohibiting or restricting the transactions contemplated hereby, or requiring
any consent or approval which shall not have been obtained.

       12.    CONDITIONS TO PURCHASER'S OBLIGATION TO PURCHASE.

              The Company understands that Purchaser's obligation to purchase
the Initial Shares on the Closing Date is conditioned upon:

              12.1   Acceptance by the Company of this Agreement for the sale
of the Initial Shares,

                                     23

<PAGE>

as indicated by the Company's execution and delivery of this Agreement;

              12.2   Delivery by the Company to the Escrow Agent of the
Certificate in accordance with this Agreement;

              12.3   The accuracy in all material respects on the Closing Date
of the representations and warranties of the Company contained in this
Agreement as if made on the Closing Date and the performance by the Company on
or before the Closing Date of all covenants and agreements of the Company
required to be performed on or before the Closing Date; and

              12.4   On the Closing Date, Purchaser having received an opinion
of in-house general counsel for the Company, dated the Closing Date, in form,
scope and substance reasonably satisfactory to Purchaser, to the effect set
forth hereto, the Registration Rights Agreement, the Warrant and the
Additional Agreements.

              12.5   No statute, rule, regulation, executive order, decree,
ruling or injunction shall be enacted, entered, promulgated or endorsed by any
court or governmental authority of competent jurisdiction which prohibits or
adversely effects any of the transactions contemplated by the Transaction
Documents, and no proceeding or investigation shall have been commenced or
threatened which may have the effect of prohibiting or adversely effecting any
of the transactions contemplated by the Transaction Documents.

              12.6   From and after the date hereof to and including the
Closing Date, the trading of the Common Stock shall not have been suspended by
the SEC, or the ASE and trading in securities generally on the New York Stock
Exchange or NASDAQ shall not have been suspended or limited, nor shall minimum
prices have been established for securities traded on ASE, nor shall there be
any outbreak or escalation of hostilities involving the United States or any
material adverse change in any financial market that in either case in the
reasonable judgment of Purchaser makes it impracticable or inadvisable to
purchase the Initial Shares, as the case may be.

       13.    GENERAL PROVISIONS.

              13.1   ASSIGNMENT.  Neither this Agreement nor any rights of
Purchaser hereunder may be assigned by either party to any other person
without the prior written consent of the Company.

              13.2   ATTORNEYS' FEES.  In the event any dispute arises under
this Agreement or the documents or instruments executed and delivered in
connection with this Agreement, and the parties hereto resort to litigation to
resolve such dispute, the prevailing party in any such litigation, in addition
to all other remedies at law or in equity, shall be entitled to an award of
costs and fees from the other party, which costs and fees shall include,
without limitation, reasonable attorneys' fees and legal costs.

              13.3   CHOICE OF LAW; VENUE.  This Agreement will be construed
and enforced in accordance with and governed by the laws of California without
reference to principles of conflicts of

                                     24

<PAGE>

law.  The parties agree that, in the event of any dispute arising out this
Agreement or the transactions contemplated thereby, venue for such dispute
shall be in the state or federal courts located in Los Angeles, and that each
party hereto waives any objection to such venue based on forum non conveniens.

              13.4   COSTS AND EXPENSES.  The parties shall be responsible for
and shall pay their own costs and expenses, including without limitation
attorneys' fees and accountants' fees and expenses, in connection with the
conduct of the due diligence inquiry, negotiation, execution and delivery of
this Agreement and the instruments, documents and agreements executed in
connection with this Agreement, except that the Company shall pay the legal
and escrow fees of the Purchaser in connection herewith.

              13.5   COUNTERPARTS/FACSIMILE SIGNATURES.  This Agreement may be
executed in one or more counterparts, each of which when so signed shall be
deemed to be an original, and such counterparts together shall constitute one
and the same instrument.  In lieu of the original, a facsimile transmission or
copy of the original shall be as effective and enforceable as the original.

              13.6   ENTIRE AGREEMENT: AMENDMENT.  This Agreement, together
with the exhibits to this Agreement and the other instruments and documents
delivered in connection with this Agreement constitute the full and entire
understanding and agreement between the parties with regard to the subjects
hereof and thereof, and no party shall be liable or bound to any other party
in any manner by any warranties, representations or covenants except as
specifically set forth in this Agreement or therein.  Except as expressly
provided in this Agreement, neither this Agreement nor any term hereof may be
amended, waived, discharged or terminated other than by a written instrument
signed by the party against whom enforcement of any such amendment, waiver,
discharge or termination is sought.

              13.7   HEADINGS.  The headings of the sections and paragraphs of
this Agreement have been inserted for convenience of reference only and do not
constitute a part of this Agreement.

              13.8   NOTICES.  All notices, demands, requests, consents,
approvals, and other communications required or permitted hereunder shall be
in writing and, unless otherwise specified herein, shall be (a) personally
served,(b) deposited in the mail, registered or certified, return receipt
requested, postage prepaid, (c) delivered by reputable courier service which
provides evidence of delivery with charges prepaid, or (d) transmitted by hand
delivery, or (e) by facsimile, addressed as set forth below or to such other
address as such party shall have specified most recently by written notice
given in accordance herewith. Any notice or other communication required or
permitted to be given hereunder shall be deemed effective (i) upon hand
delivery or delivery at the address or number designated below (if delivered
on a business day during normal business hours where such notice is to be
received), or the first business day following such delivery (if delivered
other than on a business day during normal business hours where such notice is
to be received) or (ii) on the second business day following the date of
mailing by express courier service or on the fifth business day after
deposited in the mail, in each case, fully prepaid, addressed to such address,
or upon actual receipt of such mailing, whichever shall first occur or (iii)
if by facsimile, upon confirmation of receipt by the recipient or

                                     25

<PAGE>

confirmation of transmission in another manner provided in this SECTION 13.8.
The addresses for such communications shall be:

                     IF TO THE COMPANY:

                            Chequemate International, Inc.
                            d/b/a C-3D Digital, Inc.
                            330 Washington Boulevard, Suite 507
                            Marina del Rey, California 90292
                            ATTENTION: Alan Hunter, Esq.
                                       General Counsel
                            Tel No.: (310) 305-3659
                            Fax No.:

                     WITH A COPY (WHICH SHALL NOT CONSTITUTE NOTICE) TO:

                            Esanu Katsky Korins & Siger, LLP
                            605 Third Avenue
                            New York, New York 10158
                            ATTENTION: Asher S. Levitsky P.C.
                            Tel No.: (212) 716-3239
                            Fax No.: (212) 953-6899

                     IF TO PURCHASER:

                            Crooks Hollow Road LLC
                            Corporate Center
                            Windward One
                            West Bay Road
                            P.O. Box 31106 SMB
                            Grand Cayman, Cayman Islands

                     WITH A COPY (WHICH SHALL NOT CONSTITUTE NOTICE) TO:

                            Krieger & Prager, LLP
                            39 Broadway, Suite 1440
                            New York, New York 10006
                            ATTENTION: Samuel M. Krieger, Esq.
                            Tel No.: (212) 363-2900
                            Fax No: (212) 363-2999

Either party hereto may from time to time change its address or facsimile
number for notices under this Section 9.1 by giving at least ten (10) days'
prior written notice of such changed address or facsimile number to the other
party hereto.

                                     26

<PAGE>

              13.9   PUBLICITY.  The Company and Purchaser shall consult with
each other in issuing any press releases or otherwise making public statements
with respect to the transactions contemplated hereby and no party shall issue
any such press release or otherwise make any such public statement without the
prior written consent of the other parties, which consent shall not be
unreasonably withheld or delayed, except that no prior consent shall be
required if such disclosure is required by law, in which such case the
disclosing party shall provide the other parties with prior notice of such
public statement. Notwithstanding the foregoing, the Company shall not
publicly disclose the name of Purchaser without the prior written consent of
such Purchaser, except to the extent required by law. Purchaser acknowledges
that this Agreement and all or part of the Transaction Documents may be deemed
to be "material contracts" as that term is defined by Item 601(b)(10) of
Regulation S-K, and that the Company may therefore be required to file such
documents as exhibits to reports or registration statements filed under the
Securities Act or the Exchange Act. Purchaser further agrees that the status
of such documents and materials as material contracts shall be determined
solely by the Company, in consultation with its counsel.

              13.10  SEVERABILITY.  Should any one or more of the provisions
of this Agreement be determined to be illegal or unenforceable, all other
provisions of this Agreement shall be given effect separately from the
provision or provisions determined to be illegal or unenforceable and shall
not be affected thereby.

              13.11  SURVIVAL OF REPRESENTATIONS AND WARRANTIES.  The Company's
representations and warranties herein shall survive the execution and delivery
of this Agreement for one (1) year, and shall inure to the benefit of
Purchaser and its successors and assigns.

                    [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                      27

<PAGE>

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

                                   PURCHASER:

                                   CROOKS HOLLOW ROAD, LLC

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

                                   Its:
                                       ------------------------------

                                   THE COMPANY:

                                   CHEQUEMATE INTERNATIONAL, INC.
                                   D/B/A C-3D DIGITAL, INC.

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

                                   Its:
                                       ------------------------------

                                      28

<PAGE>

                                     EXHIBIT A

                           REGISTRATION RIGHTS AGREEMENT

                                      29

<PAGE>

                                     EXHIBIT B

                                  ESCROW AGREEMENT

                                      30

<PAGE>

                                     EXHIBIT C

                                      WARRANT

                                      31

<PAGE>

                                     EXHIBIT D

                               ADDITIONAL AGREEMENTS

                                      32

<PAGE>

                                     EXHIBIT E

                             JOINT ESCROW INSTRUCTIONS

                                      33
<PAGE>

                                     EXHIBIT F

                           INSTRUCTION TO TRANSFER AGENT

[Name and Address
of Transfer Agent]

Attention of

                                             Re: CHEQUEMATE INTERNATIONAL, INC.

Ladies and Gentlemen:

       Reference is made to:

       (a)    The shares of common stock, par value $.0001 per share ("Common
              Stock") of Chequemate International, Inc., a Utah corporation
              (the "Company"), issued or issuable pursuant to an agreement (the
              "Agreement") dated as of May   , 2000, between the Company and
              the person named on Appendix A to this Letter (the "Holder").

       (b)    The Company's Series A Common Stock Purchase Warrants (the
              "Warrants") issued in the name of the Holder.

       The Company hereby certifies to you as follows:

       (i)    A registration statement on Form S- , File No. 333-          ,
              covering (A) a maximum of                     shares of Common
              Stock (the "Agreement Shares") issued or issuable pursuant to the
              Agreement and (B) a maximum of             shares of Common Stock
              ("Warrant Shares") issuable upon exercise of the Warrants, has
              been filed with the Securities and Exchange Commission and has
              been declared effective.

       (ii)   You may issue certificates without a restrictive legend for the
              Agreement Shares listed in Appendix A to this letter.  If any
              certificate for outstanding Agreement Shares is presented to you
              with an investment legend, you may reissue the certificate
              without the legend.

       (iii)  You are authorized to issue an Agreement Shares or Warrant Shares
              to the Holder named on Appendix A to this Letter, upon receipt of
              a fax from us in substantially the form of Appendix B to this
              letter.

       (iv)   If requested by the Holder or its representative or broker, you
              are authorized to deliver the shares by DWAC.  Such delivery
              should be coordinated with the contact person.

                                     34

<PAGE>

       (v)    The outstanding Agreement Shares have been duly authorized for
              issuance and are and will be validly issued, fully paid and
              non-assessable. The additional Agreement Shares have been duly
              authorized and, when issued pursuant to the Agreement, will be
              validly issued, fully paid and non-assessable.  The Warrant
              Shares have been duly authorized for issuance and, when issued as
              provided in the Warrant, will be validly issued, fully paid and
              non-assessable.

                                                 Very truly yours,

                                     35

<PAGE>

                                                                     Appendix A

<TABLE>
<CAPTION>

                                             Outstanding
                                             -----------
                       Social Security or    Agreement        Name and Telephone          Delivery or
                       ------------------    ---------        ------------------          -----------
Name and Address       Taxpayer ID No.       Shares           No. of Contact Person       DWAC
----------------       ---------------       ------           ---------------------       ----
<S>                    <C>                   <C>              <C>                         <C>

</TABLE>

                                     36

<PAGE>

                                                                     Appendix B

[Name and Address
of Transfer Agent]

Attention of

                                             Re: CHEQUEMATE INTERNATIONAL, INC.

Ladies and Gentlemen:

       Reference is made to our letter to you dated                 , 2000, a
copy of which is attached.

       Pursuant to the above-mentioned letter, you are hereby authorized and
instructed to issue an aggregate of                shares (the "Shares") of
common stock, par value $.0001 per share, of Chequemate International, Inc
(the "Company") to the person named in Annex I to this letter.  The Shares of
[Agreement Shares] [Warrant Shares] as described in the above-mentioned letter.

       Please deliver the certificate to the persons in whose name the Shares
are to be issued by the DWAC system.  Please refer to the contact named in
Annex I.  Please send a copy of your transmittal letter to me.

                                                 Very truly yours,

                                     37

<PAGE>

                                                             Annex I

<TABLE>
<CAPTION>

Name               Number of Shares     Contact (Name and Phone No.)
----               ----------------     ----------------------------
<S>                <C>                  <C>

</TABLE>

                                     38<PAGE>

                                                                   EXHIBIT 10.2
                                                                      EXHIBIT A
                                                                             TO
                                                          COMMON STOCK PURCHASE
                                                                      AGREEMENT

                           REGISTRATION RIGHTS AGREEMENT

              THIS REGISTRATION RIGHTS AGREEMENT, dated as of May 10, 2000
(this "AGREEMENT"), is made by and between CHEQUEMATE INTERNATIONAL, INC.,
D/B/A C-3D DIGITAL, INC., a Utah corporation, with headquarters located at
330 Washington Boulevard, Suite 507, Marina del Rey, California 90292 (the
"COMPANY"), and the entity named on the signature page hereto (each, an
"Initial INVESTOR") (each agreement with an initial Investor being deemed a
separate and independent agreement between the Company and such Initial
Investor, except that each Initial Investor acknowledges and consents to the
rights granted to each other Initial Investor under such agreement)

                                W I T N E S S E T H:

              WHEREAS, upon the terms and subject to the conditions of the
Common Stock Purchase Agreement, dated as of May 10, 2000, between Investor
and the Company (the "COMMON STOCK PURCHASE AGREEMENT;" terms not otherwise
defined herein shall have the meanings ascribed to them in the Common Stock
Purchase Agreement), the Company has agreed to issue and sell to Investor the
Initial Shares, together with the Repriced Shares (collectively, the "SHARES");

              WHEREAS, the Company has agreed to issue the Warrant to Investor
in connection with the issuance of the Shares; and

              WHEREAS, to induce Investor to execute and deliver the Common
Stock Purchase Agreement, the Company has agreed to provide certain
registration rights under the Securities Act of 1933, as amended, and the
rules and regulations thereunder, or any similar successor statute
(collectively, the "SECURITIES ACT"), with respect to the Shares and the
Warrant Shares (as defined below).

              NOW, THEREFORE, in consideration of the premises and the mutual
covenants contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Company and
Investor hereby agree as follows:

              1.     DEFINITIONS.  As used in this Agreement, the following
terms shall have the following meanings:

                     (a)    "POTENTIAL MATERIAL EVENT" means any of the
following: (i) the possession by the Company of material information not ripe
for disclosure in a Registration Statement, which shall be evidenced by
determinations in good faith by the Board of Directors of the Company that
disclosure of such information in the Registration Statement would be
detrimental to the business and affairs of

                                       39

<PAGE>

the Company; or (ii) any material engagement or activity by the Company which
would, in the good faith determination of the Board of Directors of the
Company, be adversely affected by disclosure in a Registration Statement at
such time, which determination shall be accompanied by a good faith
determination by the Board of Directors of the Company that the Registration
Statement would be materially misleading absent the inclusion of such
information;

              (b)    "REGISTER," "REGISTERED," and "REGISTRATION" refer to a
Registration effected by preparing and filing a Registration Statement or
Statements in compliance with the Securities Act and pursuant to Rule 415
under the Securities Act or any successor rule providing for offering
securities on a continuous basis, and the declaration or ordering of
effectiveness of such Registration Statement by the United States Securities
and Exchange Commission (the "SEC");

              (c)    "REGISTRABLE SECURITIES" mean the Shares and the Warrant
Shares; and

              (d)    "REGISTRATION STATEMENT" means a registration statement
of the Company under the Securities Act, or an amendment to an existing
registration statement.

              2.     REGISTRATION.

              (a)    MANDATORY REGISTRATION.

              (i)    The Company shall prepare and file with the SEC, as soon
as possible after the Initial Closing and no later than July 10, 2000 (the
"REQUIRED FILING DATE"), a Registration Statement on Form S-3, if the Company
is eligible to use Form S-3, otherwise on an appropriate form, Registering for
resale by Investor a sufficient number of shares of Common Stock for Investor
to sell the Registrable Securities (or such lesser number as may be required
by the SEC, but in no event less than (i) two hundred  percent (200%) of the
aggregate number of Initial Shares, and (ii) the number of shares of Common
Stock that would be issued upon exercise of the Warrant (the "WARRANT SHARES")
at the time of filing of the Registration Statement (assuming for such
purposes that the Warrant had been eligible to be exercised and had been
exercised in accordance with its terms, whether or not such eligibility or
exercise had in fact occurred as of such date).  The Registration Statement
(W) shall include the Registrable Securities, and (X) shall state that, in
accordance with Rule 416 under the Securities Act, it covers such
indeterminate number of additional shares of Common Stock as may become
issuable pursuant to the anti-dilution provisions of the Warrant to prevent
dilution resulting from stock splits or stock dividends. The Company will use
its reasonable efforts to cause such Registration Statement to be declared
effective on a date (a "REQUIRED EFFECTIVE DATE"), which is no later than the
earlier of (y) five (5) Business Days after notice by the SEC that it may be
declared effective or (z) ninety (90) days after the date of the Initial
Closing.

              (ii)   If at any time (an "INCREASED REGISTERED SHARES DATE"),
Investor advised the Company that the number of shares of Common Stock
represented by the Registrable Securities, issued or to be issued as
contemplated by the Transaction Documents, exceeds the aggregate number of
shares of Common Stock then Registered and provides computation supporting
such advice, the Company shall, (A) if the Registration Statement has not been
declared effective, after notice from Investor, amend the Registration
Statement to include such additional shares such that the number of shares of
Common Stock registered is equal to two hundred percent (200%) of the total
Registrable Shares,

                                      40

<PAGE>

computed as contemplated by the immediately preceding subparagraph (i); or (B)
if such Registration Statement has been declared effective by the SEC at that
time, within thirty (30) Business Days from the Company's receipt of such
notice, file with the SEC an additional Registration Statement (an "ADDITIONAL
REGISTRATION STATEMENT") to register two hundred percent (200%) of the
additional shares of Common Stock, computed as contemplated by the immediately
preceding subparagraph (i).  The Company will use its reasonable efforts to
cause such Registration Statement to be declared effective on a date (a
"REQUIRED EFFECTIVE DATE") which is no later than (x) with respect to a
Registration Statement under clause (A) of this subparagraph (ii), the
Required Effective Date contemplated by the immediately preceding subparagraph
(i) and (y) with respect to an Additional Registration Statement, the earlier
of (i) five (5) Business Days after notice by the SEC that it may be declared
effective or (ii) forty  (40) days after the Increased Registered Shares Date.

              (b)    PAYMENTS BY THE COMPANY.

                     (i)    If the Registration Statement covering the
Registrable Securities is not filed in proper form with the SEC by the
Required Filing Date, the Company will make payment to Investor in such
amounts and at such times as shall be determined pursuant to this SECTION 2(b);

                     (ii)   If the Registration Statement covering the
Registrable Securities is not effective by thirty (30) days after the relevant
Required Effective Date or if Investor is restricted from making sales of
Registrable Securities covered by a previously effective Registration
Statement at any time (the date such restriction commences, a "RESTRICTED SALE
DATE") after the Effective Date other than during a Suspension Period (as
defined below), then the Company will make payments to Investor in such
amounts and at such times as shall be determined pursuant to this SECTION 2(b);

                     (iii)  The amount (each a "PERIODIC AMOUNT") to be paid
by the Company to Investor shall be determined as of each Computation Date (as
defined below) and the Periodic Amount shall be equal to the Periodic Amount
Percentage (as defined below) of the Purchase Price for all of the Initial
Shares not sold by Investor for the period from the date following the
relevant Required Filing Date, Required Effective Date or Restricted Sale
Date, as the case may be, to the first relevant Computation Date, and
thereafter to each subsequent Computation Date.  The "PERIODIC AMOUNT
PERCENTAGE" means (A) one-fifteenth of one percent (.0666 2/3%) of the
Purchase Price for each day during the thirty (30) day period following the
first relevant Computation Date plus (B) one-tenth of one percent (.1%) for
each day following the expiration of such thirty (30) day period.  If the
Company is required to file an Additional Registration Statement a separate
computation shall be made with respect to the shares registered in the
Additional Registration Statement.

                     (iv)   Each Periodic Amount will be payable by the
Company in cash or other immediately available funds to Investor at the end of
each Computation Period, without requiring demand therefor by Investor;

                     (v)    The parties acknowledge that the damages which may
be incurred by Investor if the Registration Statement is not filed by the
Required Filing Date or if the Registration Statement has not been declared
effective by a Required Effective Date, including if the right to sell
Registrable Securities under a previously effective Registration Statement is
suspended, may be difficult to ascertain.  The parties agree that the Periodic
Amount represents a reasonable estimate on the part of the parties, as of the
date of this Agreement, of the amount of such damages;

                                      41

<PAGE>

                     (vi)   Notwithstanding the foregoing, the amounts payable
by the Company pursuant to this SECTION 2(b) shall not be payable to the
extent any delay in the effectiveness of the Registration Statement occurs
because of an act of, or a failure to act or to act timely by Investor or its
counsel, or in the event all of the Registrable Securities may be sold
pursuant to Rule 144 or another available exemption under the Securities Act;
and

                     (vii)  "COMPUTATION DATE" means (A) the date which is the
earlier of (1) the Required Filing Date, any relevant Required Effective Date
or a Restricted Sale Date, as the case may be, or (2) the date after the
Required Filing Date, such Required Effective Date or Restricted Sale Date on
which the Registration Statement is filed (with respect to payments due as
contemplated by SECTION 2(b)(i) hereof) or is declared effective or has its
restrictions removed (with respect to payments due as contemplated by SECTION
2(b)(ii) hereof), as the case may be, and (B) each date which is the earlier
of (1) thirty (30) days after the previous Computation Date or (2) the date
after the previous Computation Date on which the Registration Statement is
filed (with respect to payments due as contemplated by SECTION 2(b)(i) hereof)
or is declared effective or has its restrictions removed (with respect to
payments due as contemplated by SECTION 2(b)(ii) hereof), as the case may be.

                     (viii)  The Purchase Price shall mean the consideration
paid by Investor for all of the Initial Shares plus any Repriced Shares, as
defined in the Agreement.  The Purchase Price on a per share basis shall mean
the Purchase Price divided by the total number of shares issued pursuant to
the Agreement, including the Repriced Shares.

              3.     OBLIGATIONS OF THE COMPANY.  In connection with the
Registration of the Registrable Securities, the Company shall do each of the
following:

              (a)    Prepare promptly, and file with the SEC by the Required
Filing Date, a Registration Statement with respect to not less than the number
of Registrable Securities provided in SECTION 2(a) above, and thereafter use
its reasonable efforts to cause such Registration Statement relating to
Registrable Securities to become effective by the Required Effective Date and
keep the Registration Statement effective at all times during the period (the
"REGISTRATION PERIOD") continuing until the earliest of: (i) the date that is
two (2) years after the last day of the calendar month following the month in
which the Final Repricing Period ends; (ii) the date when Investor may sell
all Registrable Securities under Rule 144; or (iii) the date when Investor no
longer owns any of the Registrable Securities, which Registration Statement
(including any amendments or supplements thereto and prospectuses contained
therein) shall not contain any untrue statement of a material fact or omit to
state 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;

              (b)    Prepare and file with the SEC such amendments (including
post-effective amendments) and supplements to the Registration Statement and
the prospectus used in connection with the Registration Statement as may be
necessary to keep the Registration Statement effective at all times during the
Registration Period, and, during the Registration Period, comply with the
provisions of the Securities Act with respect to the disposition of all
Registrable Securities of the Company covered by the Registration Statement
until such time as all of such Registrable Securities have been disposed of in
accordance with the intended methods of disposition by the seller or sellers
thereof as set forth in the Registration Statement;

                                      42

<PAGE>

              (c)    The Company shall permit a single firm of counsel
designated by Investor to review the Registration Statement and all amendments
and supplements thereto a reasonable period of time (but not less than three
(3) Business Days) prior to their filing with the SEC, and not file any
document in a form to which such counsel reasonably objects;

              (d)    Notify Investor and Investor's legal counsel identified
to the Company  (which, until further notice, shall be deemed to be Krieger &
Prager, LLP, ATTN: Samuel Krieger, Esq.; "INVESTOR'S COUNSEL") (and, in the
case of (i)(A) below, not less than five (5) Business Days prior to such
filing) and (if requested by any such person) confirm such notice in writing
no later than one (1) Business Day following the day (i): (A) when a
prospectus or any prospectus supplement or post-effective amendment to the
Registration Statement is proposed to be filed; (B) whenever the SEC notifies
the Company whether there will be a "review" of such Registration Statement;
(C) whenever the Company receives (or a representative of the Company receives
on its behalf) any oral or written comments from the SEC respect of a
Registration Statement (copies or, in the case of oral comments, summaries of
such comments shall be promptly furnished by the Company to Investor); and (D)
with respect to the Registration Statement or any post-effective amendment,
when the same has become effective; (ii) of any request by the SEC or any
other Federal or state governmental authority for amendments or supplements to
the Registration Statement or prospectus or for additional information; (iii)
of the issuance by the SEC of any stop order suspending the effectiveness of
the Registration Statement covering any or all of the Registrable Securities
or the initiation of any proceedings for that purpose; (iv) if at any time any
of the representations or warranties of the Company contained in any agreement
(including any underwriting agreement) contemplated hereby ceases to be true
and correct in all material respects; (v) of the receipt by the Company of any
notification with respect to the suspension of the qualification or exemption
from qualification of any of the Registrable Securities for sale in any
jurisdiction, or the initiation or threatening of any Proceeding for such
purpose; and (vi) of the occurrence of any event that to the best knowledge of
the Company makes any statement made in the Registration Statement or
prospectus or any document incorporated or deemed to be incorporated therein
by reference untrue in any material respect or that requires any revisions to
the Registration Statement, prospectus or other documents so that, in the case
of the Registration Statement or the prospectus, as the case may be, it will
not contain any untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary to make the
statements therein, in  light of the circumstances under which they were made,
not misleading.  In addition, the Company shall furnish Investor with copies
of all intended written responses to the comments contemplated in clause (C)
of this SECTION 3(d) not later than one (1) Business Day in advance of the
filing of such responses with the SEC so that Investor shall have the
opportunity to comment thereon;

              (e)    Furnish to Investor and Investor's Counsel: (i) promptly
after the same is prepared and publicly distributed, filed with the SEC, or
received by the Company, two (2) copies of the Registration Statement, each
preliminary prospectus and prospectus, and each amendment or supplement
thereto; and (ii) such number of copies of a prospectus, and all amendments
and supplements thereto and such other documents, as Investor may reasonably
request in order to facilitate the disposition of the Registrable Securities
owned by Investor; provided, however, that if any filings are made by the
SEC's EDGAR system, the Company shall furnish such documents within five (5)
Business Days;

                                      43

<PAGE>

              (f)    As promptly as practicable after becoming aware thereof,
notify Investor of the happening of any event of which the Company has
knowledge, as a result of which the prospectus included in the Registration
Statement, as then in effect, includes an untrue statement of a material fact
or omits to state a material fact required to be stated therein or necessary
to make the statements therein, in light of the circumstances under which they
were made, not misleading, and use its best efforts promptly to prepare a
supplement or amendment to the Registration Statement or other appropriate
filing with the SEC to correct such untrue statement or omission, and deliver
a number of copies of such supplement or amendment to Investor as Investor may
reasonably request;

              (g)    As promptly as reasonably practicable after becoming
aware thereof, notify Investor of the issuance by the SEC any notice of
effectiveness or any stop order or other suspension of the effectiveness of
the Registration Statement at the earliest possible time;

              (h)    Notwithstanding the foregoing, if at any time or from
time to time after the date of effectiveness of the Registration Statement,
the Company notifies Investor in writing of the existence of a Potential
Material Event, Investor shall not offer or sell any Registrable Securities,
or engage in any other transaction involving or relating to the Registrable
Securities, from the time of the giving of notice with respect to a Potential
Material Event until Investor receives written notice from the Company that
such Potential Material Event either has been disclosed to the public or no
longer constitutes a Potential Material Event; PROVIDED, HOWEVER, that the
Company may not so suspend the right to such holders of Registrable Securities
for more than two twenty (20) day periods in the aggregate during any 12-month
period ("SUSPENSION PERIOD") with at least a ten (10) Business Day interval
between such periods, during the periods the Registration Statement is
required to be in effect;

              (i)    Use its reasonable efforts to secure and maintain the
designation of all the Registrable Securities covered by the Registration
Statement on the "OTC Bulletin Board" of the National Association of
Securities Dealers, and the quotation of the Registrable Securities on the OTC
Bulletin Board;

              (j)    Provide a transfer agent for the Registrable Securities
not later than the effective date of the Registration Statement;

              (k)    Cooperate with Investor to facilitate the timely
preparation and delivery of certificates for the Registrable Securities to be
offered pursuant to the Registration Statement and enable such certificates
for the Registrable Securities to be in such denominations or amounts as the
case may be, as Investor may reasonably request, and, within three (3)
Business Days after a Registration Statement which includes Registrable
Securities is ordered effective by the SEC, the Company shall deliver, and
shall cause legal counsel selected by the Company to deliver, to the transfer
agent for the Registrable Securities (with copies to Investor), an appropriate
instruction and opinion of such counsel; and

              (l)    Take all other reasonable actions necessary to expedite
and facilitate disposition by Investor of the Registrable Securities pursuant
to the Registration Statement.

              4.     OBLIGATIONS OF INVESTOR.  In connection with the
Registration of the Registrable Securities, Investor shall have the following
obligations:

                                      44

<PAGE>

              (a)    It shall be a condition precedent to the obligations of
the Company to complete the Registration pursuant to this Agreement with
respect to the Registrable Securities of Investor, that Investor shall furnish
to the Company such information regarding itself, the Registrable Securities
held by it, and the intended method of disposition of the Registrable
Securities held by it, as shall be reasonably required to effect the
Registration of such Registrable Securities and shall execute such documents
in connection with such Registration as the Company may reasonably request.
At least ten (10) days prior to the first anticipated filing date of the
Registration Statement, the Company shall notify Investor of the information
the Company requires from Investor (the "REQUESTED INFORMATION") if Investor
elects to have any of the Registrable Securities included in the Registration
Statement.  If at least five (5) Business Days prior to the filing date the
Company has not received the Requested Information from Investor, then the
Company need not file the Registration Statement until receiving the response
of Investor;

              (b)    Investor, by accepting the Registrable Securities, agrees
to cooperate with the Company as reasonably requested by the Company in
connection with the preparation and filing of the Registration Statement
hereunder, unless Investor has notified the Company in writing of its election
to exclude all of the Registrable Securities from the Registration Statement;
and

              (c)    Investor agrees that, upon receipt of any notice from the
Company of the happening of any event of the kind described in SECTION 3(f)
(OTHER THAN NOTICE OF EFFECTIVENESS) OR 3(g), above, Investor will immediately
discontinue disposition of Registrable Securities pursuant to the Registration
Statement covering such Registrable Securities until Investor receives the
copies of the supplemented or amended prospectus contemplated by SECTION 3(f)
OR 3(g).

              5.     EXPENSES OF REGISTRATION.  (a)  All reasonable expenses
incurred in connection with Registrations, filings or qualifications pursuant
to SECTION 3, including, without limitation, all Registration, listing, and
qualifications fees, printers and accounting fees, the fees and disbursements
of counsel for the Company and a fee for a single counsel for Investor, not
exceeding $4,500 for the Registration Statement covering the Registrable
Securities shall be borne by the Company; and

              (b)    Except as otherwise provided for in SCHEDULE 5(b)
attached hereto, the Company nor any of its subsidiaries has, as of the date
hereof, and the Company shall not on or after the date of this Agreement,
enter into any agreement with respect to its securities that is inconsistent
with the rights granted to Investor in this Agreement or otherwise conflicts
with the provisions hereof.  Except as otherwise provided for in SCHEDULE
5(b), the Company has not previously entered into any agreement granting any
registration rights with respect to any of its securities to any person.
Except as otherwise provided for in this SECTION 5, and without limiting the
generality of the foregoing, without the written consent of Investor, the
Company shall not grant to any person the right to request the Company to
Register any securities of the Company under the Securities Act unless the
rights so granted are subject in all respects to the prior rights in full of
Investor set forth herein, and are not otherwise in conflict or inconsistent
with the provisions of this Agreement and the other Transaction Documents.

              6.     INDEMNIFICATION.  In the event any Registrable Securities
are included in a Registration Statement under this Agreement:

                                      45

<PAGE>

              (a)    To the extent permitted by law, the Company will
indemnify and hold harmless Investor, the directors, if any, of Investor, the
officers, if any, of Investor, each person, if any, who controls Investor
within the meaning of the Securities Act or the Securities Exchange Act of
1934, as amended (the "EXCHANGE ACT") (each, an "INDEMNIFIED PARTY"), against
any losses, claims, damages, liabilities or expenses (joint or several)
incurred (collectively, "CLAIMS") to which any Investor may become subject
under the Securities Act, the Exchange Act or otherwise, insofar as such
Claims (or actions or proceedings, whether commenced or threatened, in respect
thereof) arise out of or are based upon any of the following statements,
omissions or violations in the Registration Statement, or any post-effective
amendment thereof, or any prospectus included therein: (i) any untrue
statement or alleged untrue statement of a material fact contained in the
Registration Statement or any post-effective amendment thereof or the omission
or alleged omission to state therein a material fact required to be stated
therein or necessary to make the statements therein not misleading; (ii) any
untrue statement or alleged untrue statement of a material fact contained in
the final prospectus (as amended or supplemented, if the Company files any
amendment thereof or supplement thereto with the SEC) or the omission or
alleged omission to state therein any material fact necessary to make the
statements made therein, in light of the circumstances under which the
statements therein were made, not misleading; or (iii) any material violation
or alleged material violation by the Company of the Securities Act, the
Exchange Act, any state securities law or any rule or regulation under the
Securities Act, the Exchange Act or any state securities law (the matters in
the foregoing clauses (i) through (iii) being, collectively, "VIOLATIONS").
Subject to SECTION 6(b), the Company shall reimburse Investor, promptly as
such expenses are incurred and are due and payable, for any legal fees or
other reasonable expenses incurred by them in connection with investigating or
defending any such Claim.  Notwithstanding anything to the contrary contained
herein, the indemnification agreement contained in this SECTION 6(a) shall
not:  (I) apply to a Claim arising out of or based upon a Violation which
occurs in reliance upon and in conformity with information furnished in
writing to the Company by or on behalf of any Indemnified Party expressly for
use in connection with the preparation of the Registration Statement or any
such amendment thereof or supplement thereto, if such prospectus was timely
made available by the Company pursuant to SECTION 3(c) hereof;  (II) be
available to the extent such Claim is based on a failure of Investor to
deliver or cause to be delivered the prospectus made available by the Company;
or (III) apply to amounts paid in settlement of any Claim if such settlement
is effected without the prior written consent of the Company, which consent
shall not be unreasonably withheld.  Investor will indemnify the Company and
its officers, directors and agents (each, an "INDEMNIFIED PARTY") against any
claims arising out of or based upon a Violation which occurs in reliance upon
and in conformity with information furnished in writing to the Company, by or
on behalf of Investor, expressly for use in connection with the preparation of
the Registration Statement, subject to such limitations and conditions as are
applicable to the Indemnification provided by the Company to this SECTION 6.
Such indemnity shall remain in full force and effect regardless of any
investigation made by or on behalf of the Indemnified Party.

              (b)    Promptly after receipt by an Indemnified Party under this
SECTION 6 of notice of the commencement of any action (including any
governmental action), such Indemnified Party shall, if a Claim in respect
thereof is to be made against any indemnifying party under this SECTION 6,
deliver to the indemnifying party a written notice of the commencement thereof
and the indemnifying party shall have the right to participate in, and, to the
extent the indemnifying party so desires, jointly with any other indemnifying
party similarly noticed, to assume control of the defense thereof with counsel
mutually satisfactory to the indemnifying party and the Indemnified Party, as
the case may be.  In case

                                      46

<PAGE>

any such action is brought against any Indemnified Party, and it notifies the
indemnifying party of the commencement thereof, the indemnifying party will be
entitled to participate in, and, to the extent that it may wish, jointly with
any other indemnifying party similarly notified, assume the defense thereof,
subject to the provisions herein stated and after notice from the indemnifying
party to such Indemnified Party of its election so to assume the defense
thereof, the indemnifying party will not be liable to such Indemnified Party
under this SECTION 6 for any legal or other reasonable out-of-pocket expenses
subsequently incurred by such Indemnified Party in connection with the defense
thereof other than reasonable costs of investigation, unless the indemnifying
party shall not pursue the action of its final conclusion.  The Indemnified
Party shall have the right to employ separate counsel in any such action and
to participate in the defense thereof, but the fees and reasonable
out-of-pocket expenses of such counsel shall not be at the expense of the
indemnifying party if the indemnifying party has assumed the defense of the
action with counsel reasonably satisfactory to the Indemnified Party. The
failure to deliver written notice to the indemnifying party within a
reasonable time of the commencement of any such action shall not relieve such
indemnifying party of any liability to the Indemnified Party under this
SECTION 6, except to the extent that the indemnifying party is prejudiced in
its ability to defend such action.  The indemnification required by this
SECTION 6 shall be made by periodic payments of the amount thereof during the
course of the investigation or defense, as such expense, loss, damage or
liability is incurred and is due and payable.

              7.     CONTRIBUTION.  To the extent any indemnification by an
indemnifying party is prohibited or limited by law, the indemnifying party
agrees to make the maximum contribution with respect to any amounts for which
it would otherwise be liable under SECTION 6 to the fullest extent permitted
by law; PROVIDED, HOWEVER, that: (a) no contribution shall be made under
circumstances where the maker would not have been liable for indemnification
under the fault standards set forth in SECTION 6; (b) no seller of Registrable
Securities guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from
any seller of Registrable Securities who was not guilty of such fraudulent
misrepresentation; and (c) contribution by any seller of Registrable
Securities shall be limited in amount to the net amount of proceeds received
by such seller from the sale of such Registrable Securities.

              8.     REPORTS UNDER SECURITIES ACT AND EXCHANGE ACT.  With a
view to making available to Investor the benefits of Rule 144 promulgated
under the Securities Act or any other similar rule or regulation of the SEC
that may at any time permit Investor to sell securities of the Company to the
public without Registration ("RULE 144"), the Company agrees to:

              (a)    make and keep public information available, as those
terms are understood and defined in Rule 144;

              (b)    file with the SEC in a timely manner all reports and
other documents required of the Company under the Securities Act and the
Exchange Act; and

              (c)    furnish to Investor so long as Investor owns Registrable
Securities, promptly upon request, (i) a written statement by the Company that
it has complied with the reporting requirements of the Securities Act and the
Exchange Act, (ii) a copy of the most recent annual or quarterly report of the
Company and such other reports and documents so filed by the Company and

                                      47

<PAGE>

(iii) such other information as may be reasonably requested to permit Investor
to sell such securities pursuant to Rule 144 without Registration.

              (d)    The Company will, at the request of any Holder of
Registrable Securities, upon receipt from such Holder of a certificate
certifying (i) that such Holder has held such Registrable Securities for a
period of not less than two (2) years, (ii) that such Holder has not been an
affiliate (as defined in Rule 144) of the company for more than the ninety
(90) preceding days, and (iii) as to such other matters as may be appropriate
in accordance with such Rule, remove from the stock certificate representing
such Registrable Securities that portion of any restrictive legend which
relates to the registration provisions of the Securities Act, provided,
however, counsel to Investor may provide such instructions and opinion to the
transfer agent regarding the removal of the restrictive legend.

              9.     ASSIGNMENT OF THE REGISTRATION RIGHTS.   The rights to
have the Company register Registrable Securities pursuant to this Agreement
shall be automatically assigned by the Investors to any permitted transferee
of the Registrable Securities pursuant to the Common Stock Purchase Agreement.

              10.    AMENDMENT OF REGISTRATION RIGHTS.  Any provision of this
Agreement may be amended and the observance thereof may be waived (either
generally or in a particular instance and either retroactively or
prospectively), only with the written consent of the Company and Investor.
Any amendment or waiver effected in accordance with this SECTION 9 shall be
binding upon Investor and the Company.

              11.    MISCELLANEOUS.

              (a)    Notices required or permitted to be given hereunder shall
be given in the manner contemplated by the Common Stock Purchase Agreement, if
to the Company or to Investor, to their respective addresses contemplated by
this Agreement, or at such other address as each such party furnishes by
notice given in accordance with this SECTION 10(a).

              (b)    Failure of any party to exercise any right or remedy
under this Agreement or otherwise, or delay by a party in exercising such
right or remedy, shall not operate as a waiver thereof.

              (c)    This Agreement shall be governed by and interpreted in
accordance with the laws of California for contracts to be wholly performed in
such state and without giving effect to the principles thereof regarding the
conflict of laws.  Each of the parties consents to the jurisdiction of the
federal courts whose districts encompass any part of the County of Los Angeles
or the state courts of California sitting in the County of Los Angeles in
connection with any dispute arising under this Agreement and hereby waives, to
the maximum extent permitted by law, any objection, including any objection
based on FORUM NON COVENIENS, to the bringing of any such proceeding in such
jurisdictions.  In the event of any dispute, the prevailing party shall be
entitled to recover its reasonable attorneys' fees.

              (d)    If any provision of this Agreement shall be invalid or
unenforceable in any jurisdiction, such invalidity or unenforceability shall
not affect the validity or enforceability of the remainder of this Agreement
or the validity or enforceability of this Agreement in any other jurisdiction.

                                      48

<PAGE>

              (e)    This Agreement shall inure to the benefit of and be
binding upon the successors and assigns of each of the parties hereto.

              (f)    All pronouns and any variations thereof refer to the
masculine, feminine or neuter, singular or plural, as the context may require.

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

              (h)    This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original but all of which shall
constitute one and the same agreement.  This Agreement, once executed by a
party, may be delivered to the other party hereto by telephone line facsimile
transmission of a copy of this Agreement bearing the signature of the party so
delivering this Agreement.

              (j)    This Agreement constitutes the entire agreement among the
parties hereto with respect to the subject matter hereof.  There are no
restrictions, promises, warranties or undertakings, other than those set forth
or referred to herein.  This Agreement supersedes all prior agreements and
understandings among the parties hereto with respect to the subject matter
hereof. This Agreement may be amended only by an instrument in writing signed
by the party to be charged with enforcement thereof.

                    [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

              IN WITNESS WHEREOF, the parties have caused this Agreement to be
duly executed by their respective officers thereunto duly authorized as of the
day and year first above written.

                                   COMPANY:

                                   CHEQUEMATE INTERNATIONAL, INC.
                                   D/B/A C-3D DIGITAL, INC.

                                   By:
                                      ------------------------------
                                   Name:
                                   Title:

                                   INVESTOR:

                                      49

<PAGE>

                                   CROOKS HOLLOW ROAD, LLC

                                   By:
                                      ------------------------------
                                   Name:
                                   Title:

                                      50

<PAGE>

                                   SCHEDULE 5(b)

                            OTHER REGISTRABLE SECURITIES

SCHEDULE 4.4 (EXCEPTIONS TO SECTION 4.4 OF THE COMMON STOCK PURCHASE AGREEMENT)
                                        AND
  SCHEDULE 5(b) (EXCEPTIONS TO SECTION 5 OF THE REGISTRATION RIGHTS AGREEMENT)

1.  Convertible line of credit promissory notes.  $3,000,000 in debt is to be
converted into 1,300,000 shares of common stock at $1.00 per share, and the
other $1,700,000 to be converted to preferred stock, not convertible, after
shareholder approval of amendment to Articles to allow issuance of preferred
stock.  The common stock has piggyback registration rights.  The Company is
endeavoring to negotiate a waiver of these rights with respect to the Crooks
Hollow Road Registration.

2.  Continuing Agreement to privately issue and sell $500,000 in restricted
common stock at a 50% discount from market on a monthly basis, and concurrent
issuance of monthly warrant to acquire 100,000 common shares at $1.00 per
share, with attached registration rights for the warrant.  The

                                      51

<PAGE>

Company has entered into negotiations to obtain a deferral of these
registration rights for a period ending 6 months from closing.

3.  Coast Communications (hotel movie business)
Agreement to issue up to 230,500 shares, with registration rights, in
satisfaction of $461,000 in debt.  The Company has entered into negotiations
to obtain a deferral of these registration rights for a period of 6 months.

4.  Moore North America bldg.  Chequemate is negotiating to purchase a 100,000
sq. ft. bldg on 17 acres in Utah.  Total purchase price $4,507,000, paid with
note for $2,450,000 plus $2,197,000 worth of stock, valued at the market, and
to be registered.  This is a relatively complex deal, involving a middleman
with credit acceptable to a bank.  A bank will lend $1,850,000 secured by a
deed of trust on the land, and $1.6M of that cash goes to the Seller (Moore),
and the other $250K goes to closing costs and other expenses.  $1.2M worth of
stock goes to Moore, also, and Moore will have the right to put the stock back
to us, half at the end of 6 months and the other half at the end of 12 months,
each opportunity being for $600K plus interest.  At Moore's option, if our
stock has declined, Moore may demand additional stock to bring its market
value back up to $1.2M.  We are obligated to register all the stock.  The
Company has entered into negotiations to obtain a deferral of these
registration rights for a period of 6 months.

5.  Issuance to United Business Systems (for purchase of hotel pay-per-view
manufacturer & patents) of $940,000 worth of stock, at the market, to be
registered. The Company has entered into negotiations to obtain a deferral of
these registration rights for a period of 6 months.

6.  Scott Applegate/CapitalPlus and Cinemaworks
$119,000 worth of stock, at the market, to be registered, and $236,000 worth
of stock, at the market, to be registered, issued as part of a transaction to
acquire service rights over 2650 free-to-guest rooms in various hotels. The
Company will enter into negotiations to obtain a deferral of these
registration rights for a period of 6 months, but management is doubtful.

7.  Trimark Pictures
100,000 shares, to be issued as registered shares, as part of a contract for
motion picture digitization and conversion from 2D to 3D. The Company has
entered into negotiations to obtain a deferral of these registration rights
for a period of 6 months.

8.  Hawatmeh, Iehab
62,500 shares to be issued in settlement of claim for breach of contract, with
shares to be registered. The Company has entered into negotiations to obtain a
deferral of these registration rights for a period of 6 months

9.  i-O Display Systems, LLC
41,667 shares (contract for $500,000 worth of viewing systems and 3D movies;
shares to be issued and registered on an S-3) This is the company that makes
the preferred wireless shutter glasses, and also owns rights to a few low
budget 3D movies.  The Company has entered into negotiations to obtain a
deferral of these registration rights for a period of 6 months

                                       52

<PAGE>

10.  Full Moon Universe
80,000 worth of common stock to be issued at the market.
(balance owed under last Summer's license fee for "Creeps", a 3D movie.) The
Company has entered into negotiations to obtain a deferral of these
registration rights for a period of 6 months

11. Optimum Source
2,728 shares with registration rights.
(fee due from marketing/promotional services) The Company has entered into
negotiations to obtain a deferral of these registration rights for a period of
6 months

12. Duchess Capital Partners
83,333 shares to be registered, for brokerage services.  They have agreed to
waive registration for 6 months.

13.  Hudson Consulting Group
25,000 shares with registration rights. (amended fee due for consulting
services) The Company has entered into negotiations to obtain a deferral of
these registration rights for a period of 6 months.

14.  Academy Entertainment
$250,000 worth of restricted stock W/PIGGYBACK REGISTRATION RIGHTS.
(contract for provision of public domain motion pictures, for conversion to 3D)
The Company has entered into negotiations to obtain a deferral of these
registration rights for a period of 6 months.

15.  Hotel Movie Express (King Farms)
31,250 (post-split) shares with registration rights. The Company has entered
into negotiations to obtain a deferral of these registration rights for a
period of 6 months.

16. Issuance of S-8 stock under the Company's current Consultant Stock
Compensation Plan, as per past issuances and future issuances under the plan.

17. Stock options outstanding to ten key employees, plus directors and former
employees, for 1,534,334 shares, of which options for 910,000 shares will
require shareholder approval, together with registration rights.

                                      53

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