Document:

Exhibit 4.4

                        GYRODYNE COMPANY OF AMERICA, INC.

                 1996 NON-EMPLOYEE DIRECTORS' STOCK OPTION PLAN

1. PURPOSE.

The 1996 Non-Employee Directors' Stock Option Plan (the "Plan") of GYRODYNE
COMPANY OF AMERICA, INC. (the "Company") is designed to encourage directors to
acquire increased ownership of the Company's common stock, thereby helping to
align the interests of non-employee directors and the shareholders, and to
assist in attracting and retaining directors who have the experience, ability
and skills necessary to assist in the Company's sustained growth and prosperity.

2. EFFECTIVE DATE.

The Plan shall be effective on October 25, 1996, subject to the approval of the
Plan by the holders of at least a majority of the outstanding shares of the
Company's common stock present or represented and entitled to vote at the 1996
Annual Meeting of Shareholders. In the event such approval is not obtained, the
Plan shall be null and void and no options will be granted under the Plan.

3. ADMINISTRATION OF THE PLAN.

The Plan shall be administered by a committee of at least three (3) persons
appointed by the Board of Directors (the "Board") of the Company (the
"Committee"), who need not be directors and none of whom shall be eligible to
receive options under the Plan. Grants of stock options under the Plan and the
amount and nature of the grants shall be automatic as described in Section 6
hereof. The Plan is intended to meet the requirements of Rule 16b-3(c)(2)(ii)
adopted under the Securities Exchange Act of 1934 (the "1934 Act") and
accordingly is intended to be self-governing. To this end, the Plan requires no
discretionary action by any administrative body with regard to any transaction
wider the Plan. To the extent, if any, that any questions of interpretation
arise, they shall be resolved by the Committee in its sole discretion and such
determination shall be final and binding upon all persons having an interest in
the Plan. Any or all powers and discretion vested in the Committee under this
Plan may be exercised by any one Committee member who is so authorized by the
Committee. The Committee shall have no discretion with respect to designating
the recipient of an option, the number of shares subject to an option, the date
of grant or the exercise price of an option.

4. PARTICIPATION IN THE PLAN.

All members of the Company's Board who are not, as of the date of any option
grant, employees of the Company or any of its subsidiaries shall be eligible to
participate in the Plan ("Eligible Non-Employee Director").

5. NON-OUALIFIED STOCK OPTIONS.

All options granted under the Plan shall be non-qualified stock options covering
shares of common stock of the Company.

6. TERMS, CONDITIONS AND FORM OF OPTIONS.

(a) Initial Option Grants. On October 25, 1996, an option to purchase 2,500
shares shall be automatically granted to each Eligible Non-Employee Director.
Each such option shall become exercisable one (1) year after such date.

On the date that each new Eligible Non-Employee Director joins the Board, an
option to purchase 2,500 shares shall be automatically granted to such director.
Such option will become exercisable in three equal annual installments
commencing on the first anniversary of the date of grant

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(b) Annual Option Grants. On January 1 in each calendar year from 1997 through
2000, an option to purchase 1,250 shares shall be automatically granted to each
Eligible Non-Employee Director. Each such option shall become exercisable on the
first anniversary of the date of grant

(c) Exercise Price The exercise price per share for which each option is
exercisable shall be 100% of the Fair Market Value per share of the Company's
common stock on the date the option is granted. For purposes hereof, the Fair
Market Value per share on the date the option is granted shall be the average
for the ten (10) trading days immediately proceeding the grant date of the mean
on each trading day between the high and low quoted prices of a share of the
Company's common stock on such trading day (or, if high and low prices are not
so quoted, the mean between the high bid price and low asked price) in the
over-the-counter market as reported by the National Association of Securities
Dealers, Inc. Automated Quotation System ("NASDAQ").

(d) Term of Option. Each option shall terminate upon the expiration of seven (7)
years from the date of grant and shall be subject to earlier termination as
hereinafter provided.

(e) Termination of Service. In the event of the termination of service on the
Board by the holder at any option, other than by reason of retirement pursuant
to Board policy, permanent disability, death or a Change in Control, the then
outstanding options of such optionee shall be exercisable only to the extent
that they were exercisable on the date of such termination, and any
unexercisable options shall be forfeited. In the event of termination of Board
service of an optionee by reason or retirement pursuant to Board policy,
permanent disability, death or a Change in Control, each of the then outstanding
options of such optionee shall immediately become exercisable, provided,
however, that no option (even though exerisable) shall be exercised within six
(6) months after the date it is granted, but that the Committee may settle such
option in cash during such period following a Change in Control.

(f) Exercise After Service Terminated. An optionee shall be entitled to exercise
all exercisable options within five (5) years after termination of Board
service, but in no event after the expiration date of the option.

(g) Exercise of Options, The option price for the shares purchased shall be paid
in full at the time of exercise, in cash or by the surrender of shares of common
stock of the Company valued at their fair market value on the date of exercise,
or by any combination of cash and such shares. Exercise shall be effective upon
receipt by the Secretary of the Company of notice of such exercise accompanied
by proper payment.

7. SHARES OF STOCK SUBJECT TO PLAN.

The shares that may be purchased pursuant to options granted under the Plan
shall not exceed an aggregate of 75,000 shares of the Company's common stock.
Any shares subject to an option which for any reason expires or is terminated
unexercised as to such shares shall again be available for issuance under the
Plan. Shams issued under the Plan may be authorized but unissued or held in
treasury.

8. DILUTION AND OTHEJR ADJUSTMENT.

In the event of any change in its outstanding shares of the Company's common
stock by reason of any stock split, stock dividend, recapitalization merger,
consolidation, combination or exchange of shares, the sale, lease or conveyance
of substantially all of the assets of the Company or other similar corporate
change such equitable adjustments shall be made in the Plan, in the maximum
number of shares referred to in Section 7 and in the grants hereunder, including
future grants under Section 6 and the exercise price of outstanding options as
the Committee determines are necessary or appropriate. In the event of any stock
split or stock dividend, such adjustments shall be self-operative and shall not
require any Committee action.

9. CHANGE IN CONTROL.

In the event of a Change in Control, options shall became immediately
exercisable and remain exercisable for the period specified in Section 6(f).
"Change in Control" means (i) a transaction under

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which any "person" (as such term is used in Sections 13(d) and 14(d) of the 1934
Act) is or becomes the "beneficial owner" (as defined in Rule l3d-3 under die
1934 Act), directly or indirectly of securities of the Company representing
twenty-five (25%) percent or more of the voting power of the Company's then
outstanding securities; (ii) the Company shall enter into an agreement to sell
substantially all of its assets; (iii) there shall be consummated any
consolidation or merger of the Company in which the holders of the Company's
capital stock immediately prior to the consummation of the transaction do not
hold more than fifty (50%) percent of the common stock at the surviving
corporation immediately after consummation of the transaction measured both in
voting power and in number of shares of common stock outstanding after such
transaction (treating as outstanding any common stock which would result from
the conversion of any outstanding convertible securities for both the voting
power and total outstanding common stock tests); or (iv) the shareholders of the
Company approve any plan or proposal for the liquidation or dissolution of the
Company or for any transaction specified in the preceding clause (iii).

10. MISCELLANEOUS PROVISIONS.

(a) Rights as Shareholder. An optionee shall have no rights as a holder of the
Company's common stock with respect to options granted hereunder, unless and
until certificates for shares of such stock are issued to the optionee.

(b) Non-Transferability. Options shall not be assignable or transferable
otherwise than by will or by the Laws of descent and distribution or pursuant to
a qualified domestic relations order, and during an optionee's lifetime shall be
exercisable only by the optionee or a duly appointed guardian or legal
representative of the optionee.

(c) Agreements. All options granted under the Plan shall be evidenced by
agreements or notices containing such terms and conditions (not inconsistent
with the Plan) as the Committee shall adopt.

(d) Government Regulations. The Plan and the granting and exercise of options
hereunder shall be subject to all applicable Federal and state laws and all
rules and regulations issued thereunder, including registration and private
placement restrictions, and the Board in its discretion may, subject to the
provisions of Section 12 hereof, make such changes in the Plan (except such
changes which, by law or in order to maintain the exemption provided by Rule
16b-3 under the 1934 Act, must be approved by the shareholders) or impose
restrictions upon the exercise of options as may be required to conform the Plan
to such applicable laws, rules and regulations.

(e) Costs, Expenses and Taxes. The costs and expenses of administering the Plan
shall be borne by the Company and not charged to any optionee. Income and other
taxes assessed on the spread between the option price and the fair market value
of the stock when an option is exercised shall be the responsibility of the
person exercising the option. Should any tax withholding be required by law,
such taxes may be paid through the Company withholding of shares otherwise
issuable upon exercise, in accordance with procedures established by the
Committee and consistent with Section 12 or by the payment of such withholding
in cash by the optionee.

(f) No Right to Continue as a Director. Neither the Plan, nor the granting of an
option, nor any other action taken pursuant to the Plan, shall constitute or be
evidence of any agreement or understanding, express or implied, that the Company
will retain a director for any period of time, or at any particular rate of
compensation.

11. AMENDMENT AND TERMINATION OF THE PLAN.

(a) Amendment of the Plan. The Board may amend, suspend or terminate the Plan at
any time, provided, however, that without approval of the shareholders, no
revision or amendment shall increase the number of shares subject to the Plan
(except as provided in Section 8), extend the Plan's duration, reduce the option
price, change the designation of the class of directors eligible to receive
options or materially increase the benefits accruing to participants under the
Plan. Further, no amendment or termination of the Plan may Alter or impair any
rights or obligations of any option previously granted without the consent of
the optionee. The Plan provisions may not be amended more than once every six
(6) months, other than to comport with changes in the Internal Revenue Code or
the rules thereunder or unless such amendment is permitted by Rule
16b-3(c)(ii)(B) under the 1934 Act.

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(b) Termination. The Plan (but not any options theretofore granted) shall in any
event terminate on and no options shall be granted after September 30, 2000.

12. COMPLIANCE WITH SEC REGULATIONS.

It is the company's intent that the Plan comply in all respects with Rule 16b-3
under the 1934 Act and any related regulations. If any provision of this Plan is
later found not to be in compliance with such Rule and regulations, the
provision shall be deemed null and void. All grants and exercises of options
under this Plan shall be executed in accordance with the requirements of Section
16 of the 1934 Act and regulations promulgated thereunder.

13. GOVERNING LAW.

The Plan shall be construed in accordance with and governed by the laws of the
State of New York.CONSULTING AGREEMENT

         THIS CONSULTING AGREEMENT (this "Agreement") is made as of the 23rd day
of August, 2001 (the "Effective Date") between TTI HOLDINGS OF AMERICA,  INC., a
Delaware   corporation  with  its  principal   address  at  76  North  Broadway,
Hicksville,  NY  11801  (together  with  its  subsidiaries  and  affiliates  the
"Company") and CROSSOVER  ADVISORS,  LLC, a New York limited  liability  company
with its principal address at 545 Madison Avenue - 6th Floor, New York, NY 10022
(the "Consultant").

                                   Background
                                   ----------

         The  Company and the  Consultant  wish to have the  Consultant  provide
financial,  strategic and  marketing  advisory  services to the Company,  on the
terms and conditions set forth in this Agreement.
         Accordingly,  the  parties  intending  to be  legally  bound  agree  as
follows:

1.   Appointment.  The  Company  hereby  engages the  Consultant  to provide the
     consulting  services as  described  in Section  2.1 below (the  "Services")
     during the Term and any Renewal  Term  (defined in Section 3.1 below),  and
     the Consultant accepts the engagement.

2.   Services.

          2.1  During the Term and any Renewal Term, the Consultant  will,  upon
               request,  provide to the Company  the  Services on an "as needed"
               basis, including, but not limited to, those described below.

          (a)  assisting management in refining its business plan;
          (b)  assisting   management  in  connection   with   identifying   and
               evaluating   potential   investments,   acquisitions,   strategic
               partnerships,  joint ventures and/or licensing  opportunities for
               the Company and its  products  and  services  (each a  "Strategic
               Transaction");
          (c)  disseminating  information  about the  Company to the  investment
               community at large;
          (d)  arranging  on  behalf  of  the  Company,  at  appropriate  times,
               introductions  and/or  meetings with  broker/dealers,  investment
               firms and securities analysts, among others;
          (e)  assisting  management in broadening  the Company's  financial and
               investor public relations; and
          (f)  providing  such other  related  consulting  services  as mutually
               agreed to by the Company and the Consultant.

          2.2  Staffing.   The  Consultant  will  maintain  in  its  employ,  or
               otherwise  have available to it,  personnel  sufficient in number
               and  adequate  in ability to perform the  Services in  accordance
               with this Agreement. The Consultant will have the exclusive right
               to  direct  and  control  its  personnel   and/or  third  parties
               providing  the  Services,  other than in respect of the Company's
               right,  as  the  recipient  of the  Services,  to  supervise  the
               performance of the Consultant under this Agreement.

          2.3  Non-Exclusivity.  The Company  expressly  understands  and agrees
               that the  relationship  with the Consultant is on a non-exclusive
               independent  contractor  basis  for the  Services  and  that  the
               Consultant  shall  not  be  prevented,  barred  or  limited  from
               rendering  consulting services of the same nature or of a similar
               nature to those  described  in this  Agreement,  or of any nature
               whatsoever, for or on behalf of any person, firm, corporation, or
               entity  other than the  Company  during the Term and any  Renewal
               Term

          2.4  Place of Performance.  In connection with the Services  performed
               by  the  Consultant,   the   Consultant's   activities  shall  be
               principally  based  in its  New  York  City  office,  except  for
               required and approved travel on the Company's behalf.

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3.   Term and Termination.

          3.1  Term. Unless terminated earlier under Section 3.2 below, the term
               of this  Agreement  will be eighteen  (18)  months  (the  "Term")
               commencing on the  Effective  Date.  The Term will  automatically
               renew for an  additional  twelve (12) month period (the  "Renewal
               Term")  unless at least  thirty (30) days prior to the end of the
               Term either party provides written notice to the other party that
               it does not intend to renew.

          3.2  Termination.

          (a)  This  Agreement may be terminated  prior to the expiration of the
               Term or any Renewal Term by (i) either party if a material breach
               to this  Agreement  by the other party is not  effectively  cured
               within 10 days (the "Cure Period") from receipt of written notice
               of the  breach  from  the  non-breaching  party  or  (ii)  by the
               Consultant if the Registration Statement (as described in Section
               4.1 (b) below) is not declared  effective by the  Securities  and
               Exchange Comission (SEC) within ninety (90) days of the Effective
               Date.
          (b)  The date of termination (the "Termination Date") shall be defined
               to mean;  (i) with regard to Section  3.2 (a) (i),  the date upon
               which the Cure Period expires and there has been no cure, or with
               regard to Section 3.2 (a) (ii),  the ninetieth day as referred to
               therein and (ii) with regard to Section  3.1, the last day of the
               Term, or any Renewal Term.

          3.3  Effect of Termination.

          (a)  Termination under Section 3.2 will not affect any other remedy or
               damages  available to either of the parties.  Upon termination of
               this  Agreement,  no party will have any  further  obligation  to
               fulfill  commitments  under  this  Agreement,  except  for  those
               obligations set forth in this Section 3 and in Sections 4,6, 7, 8
               and 9, each of which  expressly  survive the  termination of this
               Agreement.
          (b)  On the Termination  Date, the Company shall pay to the Consultant
               any  earned but  unpaid  Consulting  Fees  (defined  below),  any
               unreimbursed  expenses up through the appropriate date, and shall
               issue and deliver  securities due and issuable in accordance with
               Section 4.1 below.

4.   Compensation

          4.1  Sign-On Fee. On the Effective Date, as compensation  for engaging
               the  Consultant and as an inducement for the Consultant to commit
               its resources to the Company, the Company shall issue and deliver
               to  the   Consultant,   or   its   authorized   designee,   on  a
               non-refundable  basis, a total of 440,000 shares of the Company's
               common stock $.0001 par value, of which:

          a)   100,000 shares shall be free trading and  unrestricted  as of the
               Effective Date; and
          b)   340,000 shares shall bear a restrictive legend and have immediate
               registration  rights  and  shall be  included  on a  registration
               statement (Form SB-2 or otherwise)  filed by the Company with the
               SEC (the "Registration Statement") no later than thirty (30) days
               following the Effective  Date, the cost and expense of which will
               be borne by the Company.

          4.2  Monthly  Fee.   During  the  Term  and  any  Renewal   Term,   as
               compensation  for the  Services  provided in Section 2 hereof (in
               addition  to  any  fees  that  may  be  earned  for  a  Strategic
               Transaction  as set forth in  Section 5  below),  the  Consultant
               shall be paid a fee of $10,000 per month (the "Consulting  Fee"),
               payable in advance on the first business day of each month. It is
               agreed to that the  Consulting Fee shall not be payable until the
               earlier to occur of (i) ninety (90) days  following the Effective
               Date or (ii) the  date the  Registration  Statement  is  declared
               effective.

          4.3  Expenses.  The  Consultant  shall be promptly  reimbursed for all
               reasonable     out-of-pocket    expenses    (including    travel,
               entertainment, etc.) incurred by it in its performance under this
               Agreement,  upon  submission  of  documentation  supporting  such
               expense(s).

<PAGE>

5.   Strategic Transaction Services

The Consultant,  or an affiliate, may provide the Company, if so requested, with
finder  services which may include the  identification  and  introduction to the
Company  of  parties  that  would  be   interested  in  completing  a  Strategic
Transaction  with the Company.  Accordingly,  if the  Consultant  introduces the
Company (or any of its  subsidiaries or affiliates) to a party that,  during the
Term,  any  Renewal  Term or  during  the  one (1)  year  period  following  the
Termination Date,  completes,  or enters into a letter of intent to complete,  a
Strategic  Transaction  (as set forth below) in which;

                    i.   the  introduced   party  makes  an  investment  in,  or
                         provides financing to, the Company through the purchase
                         of its securities; and/or

                    ii.  the introduced  party enters into a partnership,  joint
                         venture,  or licensing agreement or any other agreement
                         for  the  mutual  exploitation  of  any  asset  of  the
                         Company; and/or

                    iii. the Company  either invests in, merges with or acquires
                         the introduced  party,  or, the introduced party merges
                         with or acquires the Company.

The Company will pay to the Consultant,  or an affiliate,  an investment banking
fee (which shall include a cash and Warrant  component) with respect to each and
every  transaction  undertaken  by the Company  with each party during such time
period,  that will be mutually  agreed to prior to such  introduction  and which
will reflect a customary industry fee arrangement.

6.   Indemnification.

          6.1  Indemnification  by  the  Company.  If  in  connection  with  any
               services  or  matters  that are the  subject of arise out of this
               Agreement  or  the   Consultant's   engagement   hereunder,   the
               Consultant  or  any  of its  directors,  officers,  stockholders,
               employees of agents (collectively,  the "Consultant Indemnitees")
               becomes involved (whether or not as a named party) in any action,
               claim,  investigation  or legal  proceeding,  the  Company,  will
               indemnify and save harmless such Consultant  Indemnitees from and
               against any and all claims,  liabilities,  damages, losses, costs
               and expenses (including amounts paid in satisfaction of judgments
               in  compromises  and  defending  against  any  claims or  alleged
               claims) of any nature  whatsoever,  liquidated  or  unliquidated,
               that are  incurred  by any  Consultant  Indemnitees'  obligations
               under this  Agreement  unless the claim or alleged claim resulted
               from willful  misconduct,  negligence or fraud of the  Consultant
               Indemnitees.  The Company  agrees  that,  without the  Consultant
               Indemnitees'prior written consent, it will not settle, compromise
               or  consent  to the  entry  of any  judgment  in any  pending  or
               threatened  claim,  action  or  proceeding  in  respect  of which
               indemnification  could be sought under this Section 6 (whether or
               not the Consultant Indemnitees are actual or potential parties to
               such  claim,  action  or  proceeding),  unless  such  settlement,
               compromise or consent includes an  unconditional  release of each
               Consultant  Indemnitee  from all  liability  arising  out of such
               claim, action or proceeding.

          6.2  Indemnification  by the  Consultant.  If in  connection  with any
               services  or  matters  that are the  subject of arise out of this
               Agreement or the Consultant's  engagement hereunder,  the Company
               or any of its  directors,  officers,  stockholders,  employees of
               agents (collectively, the "Company Indemnitees") becomes involved
               (whether  or  not  as  a  named  party)  in  any  action,  claim,
               investigation or legal proceeding, the Consultant, will indemnify
               and save harmless such Company  Indemnitees  from and against any
               and all claims, liabilities,  damages, losses, costs and expenses
               (including   amounts  paid  in   satisfaction   of  judgments  in
               compromises  and defending  against any claims or alleged claims)
               of any nature  whatsoever,  liquidated or unliquidated,  that are
               incurred  by any  Company  Indemnitees'  obligations  under  this
               Agreement unless the claim or alleged claim resulted from willful
               misconduct,  negligence or fraud of the Company Indemnitees.  The

<PAGE>

               Consultant agrees that,  without the Company  Indemnitees'  prior
               written consent, it will not settle, compromise or consent to the
               entry of any judgment in any pending or threatened claim,  action
               or proceeding in respect of which indemnification could be sought
               under this Section 6 (whether or not the Company  Indemnitees are
               actual or potential parties to such claim, action or proceeding),
               unless  such  settlement,   compromise  or  consent  includes  an
               unconditional   release  of  each  Company  Indemnitee  from  all
               liability arising out of such claim, action or proceeding.

          6.3  Procedures.  As to any claim or  lawsuit  with  respect  to which
               party seeks indemnification  hereunder (the "Indemnified Party"),
               it shall provide  prompt  notice  thereof to the other party (the
               "Indemnifying  Party"), and the Indemnifying Party shall have the
               right to control  the  defense  of said  lawsuit,  including  the
               selection of attorneys, and any settlement thereof, provided that
               no settlement  which impairs the rights of the Indemnified  Party
               shall be made without its prior  written  consent,  which consent
               shall not be unreasonably withheld.

7.   Binding Arbitration.

          a)   Any  dispute  not settled  through  mediation  will be settled by
               binding  expedited  arbitration in accordance with the commercial
               Arbitration  Rules of the American  Arbitration  Association (the
               "AAA  Arbitration  Rules") in effect from time to time.  Where no
               remedy for a particular  breach is  specified in this  Agreement,
               the  arbitrator,  subject  to any  limitations  set  forth in the
               applicable   agreement,   will  have  the  power  to  fashion  an
               appropriate  remedy consistent with the spirit and intent of this
               Agreement.  Any  disputing  party may  serve the other  disputing
               party or parties  with a demand to commence  binding  arbitration
               ("Arbitration Demand"). The arbitrator will be selected by mutual
               agreement of the disputing parties.  If the disputing parties are
               unable to agree upon an arbitrator  within 20 days after the date
               on which the  Arbitration  Demand is served,  then the Arbitrator
               will be selected in accordance with the AAA Arbitration Rules.

          b)   The arbitration will be held in New York County and begoverned by
               the laws of the State of New York,  and  judgment  upon the award
               rendered  by the  arbitrator  may be entered by any court  having
               jurisdiction  thereof. The disputing parties will cooperate fully
               to  ensure  the  entry  of the  arbitrator's  award by a court of
               competent  jurisdiction.  Once the  arbitrator's  award  has been
               entered by a court of competent  jurisdiction,  the  arbitrator's
               award will have res judicata and collateral  estoppel effect, and
               the  disputing  parties  will not seek or assert the right in any
               manner whatsoever to challenge the validity of the arbitration or
               relitigate issues adjudicated by the arbitrator.

8.   Covenants.

          8.1  Confidentiality.  With  respect to  information  of the  Company,
               which is clearly marked  "Confidential",  whatever its nature and
               form and whether from  Graphic  Materials  (as defined  below) or
               otherwise   (except  such  as  is  generally   available  through
               publication  or is  previously  known  to the  Consultant,  or is
               lawfully  obtained  by the  Consultant  through  a  third-party),
               obtained  by  the  Consultant  during  or  as  a  result  of  its
               consultancy  with the  Company  and  relating  to any  invention,
               improvement,  enhancement,  product, know-how, formula, software,
               process, design, or other creation, or to any use of any of them,
               costs  (including,  without  limitation,   manufacturing  costs),
               prices,  or to any plans of the  Company,  or to any other  trade
               secret or proprietary  information of the Company, the Consultant
               agrees:

          a)   to hold all such  information,  inventions and discoveries  which
               have not otherwise become public  knowledge in strict  confidence
               and not to  publish  or  otherwise  disclose  any  thereof to any
               person or entity  other than the  Company  except  with the prior
               written  consent  of an  officer  of  the  Company,  or as may be
               required by law.

          b)   to take  all  reasonable  precautions  to  assure  that  all such
               information,  inventions and discoveries  are properly  protected
               from access by unauthorized persons.

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          c)   to make no use of nor  exploit  in any way any such  information,
               invention or discovery  except as required in the  performance of
               its consultancy for the Company.

For the  purposes of this  Agreement,  the term  "Graphic  Materials"  includes,
without limitation,  letters,  memoranda,  reports, notes,  notebooks,  books of
account, drawings, prints, specifications,  formulae, software, data print-outs,
microfilms,  magnetic  tapes  and  disks and  other  documents  and  recordings,
together with all copies, excerpts and summaries thereof.

          8.2  Further  Assurances.  The Company and  Consultant  will use their
               best efforts to implement the provisions of this  Agreement,  and
               for such purpose  neither party shall  represent to the other any
               material facts concerning  itself during the Term and any Renewal
               Term which are false,  misleading  or untrue  and  neither  party
               shall intentionally fail to provide the other with material facts
               concerning  itself or will in any  material  manner  prevent  the
               Services from being performed under this Agreement.

9.   Miscellaneous.

          9.1  Limitation  of Liability.  IT IS  UNDERSTOOD  BETWEEN THE PARTIES
               THAT NEITHER THE CONSULTANT  NOR ANY OF ITS PARTNERS,  EMPLOYEES,
               AGENTS,  OR PRINCIPALS ARE PROVIDING LEGAL  SERVICES,  ACCOUNTING
               SERVICES,  NOR  BROKERAGE  SERVICES,  AND SUCH  SERVICES  MUST BE
               RETAINED  BY THE  COMPANY  AT ITS OWN  COST  AND  EXPENSE.  IT IS
               EXPRESSLY  ACKNOWLEDGED THAT THE CONSULTANT WILL UTILIZE ITS BEST
               EFFORTS IN  PERFORMING  THE SERVICES  CONTEMPLATED  HEREBY BUT NO
               REPRESENTATIONS  ARE MADE OR GUARANTEE GIVEN BY THE CONSULTANT AS
               TO THE AMOUNT OF TIME IT WILL SPEND IN PROVIDING THE SERVICES NOR
               TO THE  ULTIMATE  SUCCESS  OF ANY  TRANSACTION  OR  OTHER  ACTION
               UNDERTAKEN BY THE COMPANY. IN NO EVENT WILL THE AGGREGATE DAMAGES
               CLAIMED BY THE COMPANY UNDER THIS AGREEMENT EXCEED THE TOTAL CASH
               FEES  RECEIVED BY THE  CONSULTANT,  EXCEPT IN THE CASE OF WILLFUL
               MISCONDUCT, GROSS NEGLIGENCE OR ACTUAL FRAUD.

          9.2  Notices.  All notices and other  communications  provided  for or
               permitted  in  this   Agreement   will  be  made  in  writing  by
               hand-delivery,    registered   first-class   mail,   or   courier
               guaranteeing overnight delivery:

               If to the Company to:
               ---------------------

               TTI Holdings of America, Inc.
               76 North Broadway
               Hicksville, New York 11801
               Attn: Andrew Mazzone, Chief Executive Officer

               If to the Consultant to:
               ------------------------

               Crossover Advisors, LLC
               545 Madison Avenue - 6th Floor
               New York, New York 10022
               Attn: Arnold P. Kling, Managing Member

          or at such other address as any party specifies by notice given to the
          other parties in accordance with this Section 9.2

<PAGE>

          All notices and communications will be deemed to have been duly given;
          at the time delivered by hand, if personally delivered; three business
          days after being deposited in the mail,  postage  prepaid,  if mailed;
          when  receipt  acknowledged,  and on the next  business  day if timely
          delivered  to a courier  guaranteeing  overnight  delivery;  provided,
          however,   that  the   inability   to  deliver  any  notice  or  other
          communication  because of the  changed  address of which no notice was
          given,  or  rejection  or  refusal  to  accept  any  notice  or  other
          communication as of the date if such inability to deliver or rejection
          or refusal to accept delivery.

          9.3  Waivers.  The failure of a party to this Agreement to insist upon
               strict  adherence  to any of the terms of this  Agreement  on any
               occasion will not be  considered a waiver,  or deprive that party
               of the right  thereafter to insist upon strict  adherence to that
               term or  other  term of this  Agreement.  Any  waiver  must be in
               writing.

          9.4  Force  Majeure.  The Consultant  will not be responsible  for any
               failure or delay in  performance  of its  obligations  under this
               Agreement because of circumstances  beyond its reasonable control
               including acts of God, fires,  floods,  wars, civil disturbances,
               sabotage,   accidents,   labor  disputes   (whether  or  not  the
               employees' demands are reasonable and within the party's power to
               satisfy), governmental actions or transportation delays.

          9.5  Governing  Law.  This  Agreement,  the rights of the  parties in,
               under and to this Agreement and any dispute or action relating to
               this Agreement  (whether in contract,  tort or otherwise) will be
               governed by,  construed and enforced in accordance  with the laws
               of New York  applicable  to the  agreements  made  and  performed
               entirely in that State.  Any legal  actions,  suits or proceeding
               arising out of this Agreement (whether arising in contract,  tort
               or  otherwise)   other  than  any  claim,   action,   dispute  or
               controversy  subject to arbitration under Section 7 hereof,  will
               be brought exclusively in a federal or state court located in the
               State of New  York  having  jurisdiction  of  those  courts  with
               respect  to any  legal  actions,  suits  or  proceeding  (whether
               arising  in  contract,  tort or  otherwise)  arising  out of this
               Agreement.  In the event of any legal action, suit or proceeding,
               the parties waive their right to a jury trail.

          9.6  Entire  Agreement;  Amendments.  This  Agreement  represents  the
               entire  understanding  of the parties and  superceded and cancels
               any and  all  prior  negotiations,  undertakings  and  agreements
               between the parties, whether written or oral, with respect to the
               subject matter of the  Agreement.  This Agreement may be amended,
               modified,  waived  or  terminated  only by a  written  instrument
               signed by both parties to this Agreement.

          9.7  Binding  Effect.  This Agreement will insure to be the benefit of
               and will be binding upon the parties their respective successors,
               permitted transferees and assigns.

          9.8  Assignment  and Benefits of Agreement.  This Agreement may not be
               assigned  by any  party to this  Agreement  without  the  written
               consent of the other party. Nothing in this Agreement, express or
               implied,  is intended  to confer  upon any person  other that the
               parties hereto, and their said successors and assigns, any rights
               under or by reason of this Agreement.

          9.9  Independent  Contractor.  Each of the Company and the  Consultant
               certifies that neither party has any authority to act for or bind
               the  other  party  except  as  expressly  provided  for  in  this
               Agreement,  that the Consultant may work for others, and that any
               persons  provided by the Consultant  under this Agreement will be
               solely the employees or agents of the  Consultant  under its sole
               and exclusive direction and control.

          9.10 Severability.  To the extent that any provision of this Agreement
               or the application  thereof is determined by a court of competent
               jurisdiction  to be invalid or  unenforceable,  the  remainder of
               this  Agreement,  or the  application  of such a provision  under
               other circumstances, will be unaffected and will continue in full
               force and effect unless the invalid or unenforceable provision is
               of such essential  importance for this Agreement that it is to be
               reasonably assumed that the parties would not have concluded this
               Agreement without the invalid or unenforceable provision.

<PAGE>

          9.11 Consents.  Any  consent  or  approval  to  be  given  under  this
               Agreement  may be  delegated by the party to give such consent or
               approval to any agent or  representative  as such party may, from
               time to time, authorize in writing.

          9.12 Counterparts.  This  Agreement  may be  executed in any number of
               counterparts,  and each of the parties on separate  counterparts,
               each of which, when so executed,  will be deemed an original, not
               all of which will constitute but one and the same original.

          9.13 Third Parties.  Nothing in this Agreement,  expressed or implied,
               is  intended  or will be  construed  to  confer  upon or give any
               person  other than  parties to this  Agreement,  their  permitted
               successors  or assigns and (to the extent  indicated  herein) any
               rights or reminded under or by reason of this Agreement.

          9.14 Further Assurances.  Each party will take or perform such actions
               as  reasonable  requested  by  the  other  party,  including  the
               execution of any additional documents,  in order to carry out the
               intent  of,  and  to  facilitate   and   effectuate  the  actions
               contemplated by this Agreement.

SIGNATURE PAGE TO CONSULTING  AGREEMENT  BETWEEN TTI HOLDINGS OF AMERICA,  INC.,
AND CROSSOVER ADVISORS, LLC.

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

                                   TTI HOLDINGS OF AMERICA, INC.

                                   By: _________________
                                   Name: Andrew Mazzone
                                   Title: Chairman and Chief Executive Officer

                                   CROSSOVER ADVISORS, LLC

                                   By: _________________
                                   Name:________________
                                   Title: Managing Member

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