Document:

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                                                                   EXHIBIT 10.16

                          TRITON NETWORK SYSTEMS, INC.
                        101 PHILIPPE PARKWAY, SUITE 308
                            SAFETY HARBOR, FL 34695

                                 MARCH 20, 1997

Mr. Dan Guiliford
634 Tall Oaks Terrace
Longwood, Florida 32750

Dear Dan:

I am pleased to offer you the position of Vice President of Product Development
for Triton Network Systems, Inc., a Delaware corporation to be located in
Orlando, Florida. Triton Network Systems, Inc. is a new company which has been
formed to exploit certain commercial markets for wireless technology developed
for the United States military by the Electronics and Missiles division of
Lockheed Martin Corporation. Triton is currently in negotiation with Lockheed
for the purpose of licensing the necessary technology. The effective date of
your employment will be April 1, 1997.

In this position, you will report to the President of Triton Network Systems,
Inc.

Your compensation in this position will include the following:

     o    Base Salary of $10,416.67 per month, paid twice monthly in accordance
          with Triton's standard payroll policies. The first and last payment by
          the company will be adjusted, if necessary, to reflect a commencement
          or termination date other than the first or last working day of a pay
          period.

     o    An Incentive Bonus of $25,000 per annum, based on achievement of
          performance objectives mutually agreed between yourself and the
          President, on an annual basis.

In addition, you will be reimbursed for normal and reasonable expenses incurred
when you travel outside Orlando on company business, in accordance with the
Company's approved Travel Reimbursement Policy.

Subject to action by the Company's Board of Directors and compliance with
applicable state and federal securities laws, the Company will sell to you
shares of Common Stock (the "Shares"), subject to a Repurchase Option by the
Company to be defined in a restricted stock purchase agreement.
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Page 2, Dan Guiliford
                                                                  March 20, 1997

In addition, the company will establish an Employee Benefits Program, including
Health Insurance, with coverage comparable to other companies in our industry
in Orlando. You will be entitled to participate in this program. Until this
plan is established, Triton will pay the cost of your current coverage within
the COBRA program as offered by your previous employer.

The company will provide you with three weeks of paid vacation leave per year
after completion of one year's service. In addition, you will be entitled to
company paid sick leave and personal leave up to a maximum of 10 days per year.

It is expected that you will devote your full business time, attentions and
energies to Triton Network Systems, Inc. and not engage in other employment.
You will be required to enter into an Non-Compete and Intellectual Property
Agreement with the Company covering Patents, Trade Secrets and other
intellectual property of the company.

Your employment with Triton is for no specific period and constitutes "at-will"
employment. As a result, you are free to terminate your employment at any time,
for any reason or for no reason. Similarly, the Company is free to terminate
your employment at any time, for any reason or for no reason. However, in the
event that Triton terminates your employment without "cause," or you become
permanently disabled as determined by the Board of Directors, you will be
entitled to severance pay in the form of continuation of your base salary for a
period of six months. Your stock options will not continue to vast after your
termination date. If you resign or are terminated with "cause," you will not be
entitled to any severance. "Cause" means gross negligence, habitual neglect of
duties, dishonesty, criminal acts, violation of any state or federal securities
laws or failure to abide by the lawful policies or instructions of the Board of
Directors.

This offer letter, the Non-Compete and Intellectual Property Agreement and the
restricted stock purchase agreement set forth in the terms of your employment
with the Company and supersede any and all prior understandings and agreements,
whether written or oral. This agreement can only be amended in writing signed
by you and an officer and director of the Company. Any waiver of a right under
this agreement must be in writing. This agreement will be governed by Florida
law.

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Page 3, Dan Guiliford
                                                                  March 20, 1997

We look forward to you joining the Company. If the foregoing terms are
agreeable, please indicate your acceptance by signing the enclosed copy of this
letter in the space provided below and returning it to me, along with your
completed Non-Compete and Intellectual Property Agreement.

Sincerely yours,

TRITON NETWORK SYSTEMS, INC.

/s/ Robert D. Francis
--------------------------------
Robert D. Francis
Chairman of the Board

ACCEPTED

/s/ Dan Guiliford
--------------------------------
Dan Guiliford

Dated: 05/28/97
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                                                                  Exhibit 10.17

          THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE HEREUNDER HAVE
          NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
          ANY APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE TRANSFERRED UNLESS
          REGISTERED UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS
          UNLESS THE HOLDER OF SUCH WARRANT OR SHARES DELIVERS TO THE COMPANY AN
          OPINION OF COUNSEL SATISFACTORY TO THE COMPANY STATING THAT SUCH
          PROPOSED TRANSFER WILL BE MADE PURSUANT TO AN EXEMPTION FROM SUCH
          REGISTRATION REQUIREMENTS.

                          COMMON STOCK PURCHASE WARRANT

Company:           TRITON NETWORK SYSTEMS, INC., a Delaware corporation
                   ("Company")

Number of Shares:  Such number of shares of Common Stock as shall be equal to 4%
                   of $7,000,000 divided by 90% of the price per share of Common
                   Stock used in a firm underwritten initial public offering of
                   the Company's common stock. In the event the Company has not
                   completed a firm underwritten initial public offering on or
                   before the first anniversary hereof, the number of shares
                   shall be 56,000 shares.

Class of Stock:    Common Stock

Exercise Price:    90% of the price per share of Common Stock used in a firm
                   underwritten initial public offering of the Company's common
                   stock. In the event the Company has not completed a firm
                   underwritten initial public offering on or before the first
                   anniversary hereof, the exercise price shall be equal to the
                   price per share of the securities sold in the Company's most
                   recent equity offering prior to the date of this Warrant,
                   which is $5.00 per share.

Issued as of:      February 25, 2000

Expiration Date:   As described in Section 1

         FOR VALUE RECEIVED in the form of a Commitment Letter dated January 14,
2000 and revised January 20, 2000 from FINOVA Capital Corporation in favor of
the Company, the adequacy and receipt of which are hereby acknowledged, TRITON
NETWORK SYSTEMS, INC., a Delaware corporation, hereby certifies that FINOVA
Capital Corporation, a Delaware corporation, and its successors and assigns, are
entitled to purchase from the Company at any time and from, time to time on and
after the date hereof until 6:00 p.m. California local time on the Expiration
Date at an Exercise Price (as described in Section 1), fully paid and
nonassessable shares of Common Stock of the Company, on the terms and conditions
hereinafter set forth (the

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"Shares"). The number of such shares of Common, Stock and the Exercise Price are
subject to adjustment as provided in the Warrant.

         1. Certain Definitions. As used in this Warrant, the following terms
have the following definitions:

            "Common Stock" means the Company's Common Stock, $0.001 par value,
and includes any common stock of the Company of any class or classes resulting
from any reclassification or reclassifications thereof.

            "Company" means TRITON NETWORK SYSTEMS, INC., a Delaware
corporation.

            "Convertible Securities" means evidence of indebtedness, shares of
stock or other securities which are at any time directly or indirectly
convertible into or exchangeable for Additional Shares of Common Stock.

            "Current Market Price" of a share of Common Stock or of any other
security as of a relevant date means: (i) the Fair Value thereof as determined
in accordance with clause (ii) of the definition of Fair Value with respect to
Common Stock or any other security that is not listed on a national securities
exchange or traded on the over-the-counter market or quoted on NASDAQ, and (ii)
the closing price on such date (excluding any trades which are not bona fide
arm's length transactions) with respect to Common Stock or any other security
that is listed on a national securities exchange or traded on the
over-the-counter market or quoted on NASDAQ. The closing price for each day
shall be (i) the last sale price of shares of Common Stock or such other
security on such date or, if no such sale takes place on such date, the average
of the closing bid and asked prices thereof on such date, in each case as
officially reported on the principal national securities exchange on which the
same are then listed or admitted to trading, or (ii) if no shares of Common
Stock or if no securities of the same class as such other security are then
listed or admitted to trading on any national securities exchange, the average
of the reported closing bid and asked prices thereof on such date in the
over-the-counter market as shown by NASDAQ or, if no shares of Common Stock or
if no securities of the same class as such other security are then quoted in
such system, as published by the National Quotation Bureau, Incorporated or any
similar successor organization, and in either case as reported by any member
firm of the New York Stock Exchange selected by the Warrantholders.

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

            "Exercise Period" means the period commencing on the date hereof and
ending at 6:00 p.m. California local time on the Expiration Date.

            "Exercise Price" shall have the meaning set forth above.

            "Expiration Date" means the date that is seven (7) years after the
date hereof.

            "Fair Value" means: (i) with respect to a share of Common Stock or
any other security, the Current Market Price thereof, and (ii) with respect to
any other property, assets, business or entity, or if the Shares have not been
registered under the Securities Act, an amount

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determined in good faith by the Board of Directors of the Company.

            "Indemnified Party" and "Indemnifying Party" have the meanings set
forth in Section 11(f)(iii).

            "Registrable Stock" means: (i) all Warrant Shares which are issuable
to the Warrantholders pursuant to the Warrants, whether or not the Warrants have
in fact been exercised and whether or not such Warrant Shares have in fact been
issued, (ii) all Warrant shares acquired by the Warrantholders pursuant to the
Warrants, and (iii) any shares of Common Stock, whether or not such shares of
Common Stock have in fact been issued, and stocks or other securities of the
Company issued upon conversion of, in a stock split or reclassification of, or a
stock dividend or other distribution on, or in substitution or exchange for, or
otherwise in connection with, such Warrant Shares or in a merger or
consolidation involving the Company or its assets; provided, however, that the
foregoing securities shall not be considered Registrable Stock if they were
previously registered pursuant to Section 11 hereunder or if they are
transferable without registration pursuant to Rule 144(k) under the Securities
Act. For purposes of Section 11, a Warrantholder of record shall be treated as
the record holder of the related Warrant Shares and other securities issuable
pursuant to the Warrants.

            "SEC" means the Securities and Exchange Commission.

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

            "Warrant(s)" means this Warrant and any warrants issued in exchange
or replacement of this Warrant or upon transfer hereof.

            "Warrantholder(s) and "Holder" means FINOVA Capital Corporation, a
Delaware corporation, and its successors and assigns.

            "Warrant Shares" means shares of Common Stock issuable to
Warrantholders pursuant to the Warrants.

         1. Exercise of Warrant. This Warrant may be exercised, in whole or in
part, at any time and from time to time during the Exercise Period by written
notice to the Company (accompanied by physical surrender of this Warrant) and
upon payment to the Company of the Exercise Price (subject to adjustment as
provided herein) for the shares of Common Stock in respect of which the Warrant
is exercised.

         2. Form of Payout of Exercise Price. Anything contained herein to the
contrary notwithstanding, at the option of the Warrantholders, the Exercise
Price may be paid in any one or a combination of the following forms: (a) by
wire transfer to the Company, (b) by a certified or cashier's check to the
Company, (c) by the cancellation of any indebtedness owed by the Company and/or
any subsidiaries of the Company to the Warrantholder, and/or (d) by the
surrender to the Company of that number of Warrant Shares having a Fair Value
equal to the Exercise Price in accordance with Section 4 below.

         3. Cashless Exercise. In lieu of exercising this Warrant as specified
in Sections 2 and 3 above, the Warrantholders may from time to time at the
Warrantholders' option convert

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this Warrant, in whole or in part, into a number of shares of Common Stock of
the Company determined by dividing (A) the aggregate Fair Value of such shares
or other securities otherwise issuable upon exercise of this Warrant, minus the
aggregate Exercise Price of such shares by (B) the Fair Value of one such
share.

         4. Certificates for Warrant Shares; New Warrant. The Company agrees
that the Warrant Shares shall be deemed to have been issued to the
Warrantholders as the record owners of such Warrant Shares as of the close of
business on the date on which payment for such Warrant Shares has been made (or
deemed to be made by cashless exercise) in accordance with the terms of this
Warrant. Certificates for the Warrant Shares shall be delivered to
Warrantholders within a reasonable time, not exceeding thirty (30) days, after
this Warrant his been exercised. A new Warrant representing the number of
shares, if any, with respect to which this Warrant remains exercisable also
shall be issued to the Warrantholders within such time so long as this Warrant
has been surrendered to the Company at the time of exercise.

         5. Adjustment of Exercise Price. Number of Shares and Nature of
Securities Issuable Upon Exercise of Warrants.

            (a) Exercise Price; Adjustment of Number of Shares. The Exercise
Price shall be subject to adjustment from time to time as, hereinafter provided.
Upon each adjustment of the Exercise Price, the Warrantholders shall thereafter
be entitled to purchase, at the Exercise Price resulting from such adjustment, a
number of shares determined by multiplying the Exercise Price in effect
immediately prior to such adjustment by the number of shares purchasable
pursuant hereto immediately prior to such adjustment and dividing the product
thereof by the Exercise Price resulting from such adjustment.

            (b) Reorganization, Reclassification, Consolidation, Merger or Sale.
If any capital reorganization or reclassification of the capital stock of the
Company, or any or any consolidation or merger of the Company with another
corporation, or the sale of all or substantially all of its assets to another
corporation shall be effected in such a way that holders of Common Stock shall
be entitled to receive cash, stock, securities or assets with respect to or in
exchange for Common Stock, then, as a condition of such reorganization,
reclassification, consolidation, merger or sale, lawful and adequate provisions
shall be made whereby the Warrantholders shall thereafter have the right to
purchase and receive upon the basis and upon the terms and conditions specified
in this Warrant upon exercise of this Warrant and in lieu of the shares of the
Common Stock of the Company immediately theretofore purchasable and receivable
upon the exercise of the rights represented hereby, such cash, shares of stock,
securities or assets as may be issued or payable with respect to or in exchange
for a number of outstanding shares of Common Stock equal to the number of shares
of such Common Stock immediately theretofore purchasable and receivable upon the
exercise of the rights represented hereby, and in any such case appropriate
provision shall be made with respect to the rights and interests of the
Warrantholders to the end that the provisions hereof (including, without
limitation, provisions for adjustments of the Exercise Price and of the number
of shares purchasable and receivable upon the exercise of this Warrant) shall
thereafter be applicable, as nearly as may be, in relation to any shares of
stock securities or assets thereafter deliverable upon the exercise hereof.

            (c) Stock Splits and Reverse Splits. In case at any time the Company
shall subdivide its outstanding shares of Common Stock into a greater number of
shares, the Exercise

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Price in effect immediately prior to such subdivision shall be proportionately
reduced and the number of shares of Common Stock purchasable pursuant to this
Warrant immediately prior to such subdivision shall be proportionately
increased, and conversely, in case at any time the Company shall combine its
outstanding shares of Common Stock into a smaller number of shares, the Exercise
Price in effect immediately prior to such combination shall be proportionately
increased and the number of shares of Common Stock purchasable upon the exercise
of this Warrant immediately prior to such combination shall be proportionately
reduced.

            (d) Dissolution, Liquidation and Wind-Up. In case the Company shall,
at any time prior to the expiration of this Warrant, dissolve, liquidate or wind
up its affairs, the Warrantholders shall be entitled, upon the exercise of this
Warrant, to receive, in lieu of the shares of Common Stock of the Company which
such Warrantholders would have been entitled to receive, the same kind and
amount of assets as would have been issued, distributed or paid to such
Warrantholders upon any such dissolution, liquidation or winding up with respect
to such shares of Common Stock of the Company, had such Warrantholders been the
holders of record of the Warrant Shares receivable upon the exercise of this
Warrant on the record date for the determination of those persons entitled to
receive any such liquidating distribution. After any such dissolution,
liquidation or winding up which shall result in any cash distribution in excess
of the Exercise Price provided for by this Warrant, the Warrantholders may, at
each such Warrantholder's option, exercise the same without making payment of
the Exercise Price, and in such case the Company shall, upon the distribution to
said Warrantholders, consider that said Exercise Price has been paid in full to
it and in making settlement to said Warrantholders, shall deduct from the amount
payable to such Warrantholders an amount equal to such Exercise Price.

            (e) Adjustment Certificate. In each case of an adjustment in the
number of shares of Common Stock or other stock, securities or property
receivable on the exercise of the Warrants, the Company shall compute such
adjustment in accordance with the terms of this Warrant and prepare and duly
execute and deliver to the Warrantholders a certificate setting forth such
adjustment and showing in detail the facts upon which such adjustment is based.

         6. Special Agreements of the Company.

            (a) Reservation of Shares. The Company covenants and agrees that all
Warrant Shares will, upon issuance, be validly issued, fully paid and
nonassessable and free from all preemptive rights of any stockholder, and from
all taxes, liens and charges with respect to the issue thereof. The Company
further covenants and agrees that during the period within which the rights
represented by this Warrant may be exercised, the Company will at all times have
authorized, and reserved, a sufficient number of shares of Common Stock to
provide for the exercise of the rights represented by this Warrant.

            (b) Avoidance of Certain Actions. The Company will not, by amendment
of its Certificate of Incorporation or through any reorganization, transfer of
assets, consolidation, merger, issue or sale of securities or otherwise, avoid
or take any action which would have the effect of avoiding the observance or
performance of any of the terms to be observed or performed hereunder by the
Company, but will at all times in good faith assist in carrying out all of the
provisions of this Warrant and in taking all of such actions as may be necessary
or appropriate in order to protect the rights of the Warrantholders against
impairment of their rights hereunder.

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            (c) Listing on Securities Exchanges; Registration. If, and so long
as, any class of the Company's Common Stock shall be listed on any national
securities exchange (as defined in the Exchange Act), the Company will, at its
expense, obtain and maintain the approval for listing upon official notice of
issuance of all Warrant Shares and maintain the listing of Warrant Shares after
their issuance; and the Company will so list on such national securities
exchange, and will maintain such listing of, any other securities that at any
time are issuable upon exercise of this Warrant if and at the time any
securities of the same class shall be listed on such national securities
exchange by the Company.

         7. Fractional Shares. No fractional shares or scrip representing
fractional shares shall be issued upon the exercise of this Warrant. With
respect to any fraction of a share called for upon exercise hereof, such
fraction shall be rounded to the nearest whole share. A fraction of one-half
shall be rounded up to the next highest integer.

         8. Notices of Stock Dividends, Subscriptions, Reclassifications,
Consolidations, Mergers, etc. If at any time: (i) the Company shall declare a
cash or stock dividend (or an increase in the then existing dividend rate), or
declare a dividend on Common Stock payable otherwise than in cash out of its net
earnings after taxes for the prior fiscal year, or (ii) the company shall
authorize the granting to the holders, of Common Stock of rights to subscribe
for or purchase any shares of capital stock of any class or of any other rights;
or (iii) there shall be any capital reorganization, or reclassification, or
redemption of the capital stock of the Company, or consolidation or merger of
the Company with, or sale of all or substantially all of its assets to, another
corporation or firm; or (iv) there shall be a voluntary or involuntary
dissolution, liquidation or winding up of the Company; or (v) the Company
proposes to effect a Public Offering, then the Company shall give to the
Warrantholders at the addresses of such Warrantholders as shown on the books of
the Company, at least forty-five (45) days prior to the applicable record date
hereinafter specified, a written notice summarizing such action or event and
stating the record date for any such dividend or rights (or, if a record date is
not to be selected, the date as of which the holders of Common Stock of record
entitled to such dividend or rights are to be determined), the date on which any
such reorganization, reclassification, consolidation, merger, sale of assets,
dissolution, liquidation or winding up or Public Offering is expected to become
effective, and the date as of which it is expected the holders of Common Stock
of record shall be entitled to effect any exchange of their shares of Common
Stock for cash (or cash equivalent), securities or other property deliverable
upon any such reorganization, reclassification, consolidation, merger, sale of
assets, dissolution, liquidation or winding up or Public Offering.

         9. Registered Holder, Transfer of Warrants or Warrant Shares.

            (a) Maintenance of Registration Books, Ownership of this Warrant.
The Company shall keep at its principal office a register in which the Company
shall provide for the registration, transfer and exchange of this Warrant. The
Company shall not at any time, except upon the dissolution, liquidation or
winding-up of the Company, close such register so as to result in preventing or
delaying the exercise or transfer of this Warrant.

            (b) Exchange and Replacement. To the extent permissible under any
applicable securities laws, this Warrant is exchangeable upon surrender hereof
by the registered

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holder to the Company at its principal office for new Warrants of like tenor
and date representing in the aggregate the right to purchase the number of
shares purchasable hereunder, each of such new Warrants to represent the right
to purchase such number of shares as shall be designated by said registered
holder at the time of surrender. This Warrant and all rights hereunder are
transferable in whole or in part upon the books of the Company by the registered
holder hereof in person or by duly authorized attorney, and new Warrants shall
be made and delivered by the Company, of the same tenor and date as this Warrant
but registered in the name of the transferee(s), upon surrender of this Warrant,
duly endorsed, to said office of the Company. Upon receipt by the Company of
evidence reasonably satisfactory to it of the loss, theft, destruction or
mutilation of this Warrant, and upon surrender and cancellation of this Warrant,
if mutilated, the Company will make, and deliver a new Warrant of like tenor, in
lieu of this Warrant, without requiring the posting of any bond or the giving of
any other security. This Warrant shall be promptly canceled by the Company upon
the surrender hereof in connection with any exchange, transfer or replacement.
The Company shall pay all expenses, taxes and other charges payable in
connection with the preparation, execution and delivery of Warrants pursuant to
this Section 10.

         10. Registration. The holders of the Warrant Shares shall have
registration rights equivalent to those enjoyed by the holders of the Company's
Series C Preferred Stock in accordance with Section 2 of that certain Amended
and Restated Investors' Rights Agreement ("Investors' Rights Agreement"), dated
October ___, 1999, by and between the Company and the holders of its Preferred
Stock, except that Holder shall be required to approve any waiver or amendment
under Section 5 thereof affecting Holder's rights. The Company shall use
commercially reasonable efforts to amend the Investors' Rights Agreement to
provide therefor.

         11. Representation and Warranties of the Company. The Company hereby
represents and warrants to and covenants with Warrantholder, and each holder of
Warrant Shares that:

            (a) Organization and Capitalization of the Company. The Company is a
corporation duly organized, validly existing and in good standing under the laws
of the State of Delaware. As of the date hereof, the authorized capital of the
Company consists of 98,705,000 shares of Common and Preferred Stock of which
51,247,676 shares of Common and Preferred Stock, all are issued and outstanding.
The Company has, and at all times during the Exercise Period will have, reserved
for issuance pursuant to the Warrants that number of shares of Common Stock that
are issuable pursuant to the Warrants. All the outstanding shares of Common
Stock have been validly issued without violation of any preemptive or similar
rights, are fully paid and nonassessable and have been issued in compliance with
all federal and applicable state securities laws.

            (b) Authority. The Company has full corporate power and authority to
execute and deliver this Warrant, to issue the shares of Common Stock issuable
upon exercise of this Warrant, and to perform all of its obligations hereunder,
and the execution, delivery and performance hereof has been duly authorized by
all necessary corporate action on its part. This Warrant has been duly executed
on behalf of the Company and constitutes the legal, valid and binding obligation
of the Company enforceable in accordance with its terms.

            (c) No Legal Bar. Neither the execution, delivery or performance of
this Warrant nor the issuance of the shares of Common Stock issuable upon
exercise of this Warrant

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will (a) conflict with or result in a violation of the Certificate of
Incorporation or By-Laws of the Company, (b) conflict with or result in a
violation of any law, statute, regulation, order or decree applicable to the
Company or any affiliate, (c) require any consent or authorization or filing
with, or other act by or in respect of any governmental authority, or (d) result
in a material breach of, constitute a default under or constitute an event
creating rights of acceleration, termination or cancellation under any mortgage,
lease, contract, franchise, instrument or other agreement to which the Company
is a party or by which it is bound.

            (d) Validity of Shares. When issued upon the exercise of this
Warrant as contemplated herein, the shares of Common Stock so issued will have
been validly issued and will be fully paid and nonassessable. On the date
hereof, the par value of the Common Stock is less than the Exercise Price per
share of Common Stock.

         12. Representations and Warranties of the Warrantholder. This Warrant
has been issued by the Company in reliance upon the following representations
and covenants of Warrantholder.

             (i)    Investment Purpose. This Warrant and the Warrant Shares will
be acquired for investment for the Warrantholder's own account, and not as a
nominee or agent and not with a view to the sale or distribution of any part
thereof, and the Warrantholder has no present intention of selling, granting any
participation in or otherwise distributing the same. The Warrantholder further
represents that it does not have any contract, undertaking, agreement or
arrangement with any person to sell, transfer or grant participations to such
person, or to any third person, with respect to this Warrant.

             (ii)   Private Issue. The Warrantholder understands (i) that the
Warrant and the Warrant Shares issuable upon exercise of this Warrant are not
registered under the Securities Act, or qualified under applicable state
securities laws on the ground that the issuance of this Warrant will be exempt
from the registration and qualifications requirements thereof, and (ii) that the
Company's reliance on such exemption is predicated on the representations set
forth in this Section 10.

             (iii)  Disposition of Warrantholder's Rights. In no event will the
Warrantholder make a disposition of the Warrant Shares issuable upon exercise of
this Warrant unless and until (i) it shall have notified the Company of the
proposed disposition, and (ii) if requested by the Company, it shall have
furnished the Company with an opinion of counsel satisfactory to the Company and
its counsel to the effect that (A) appropriate action necessary for compliance
with the Securities Act has been taken, or (B) an exemption from the
registration requirements of the Securities Act is available. Notwithstanding
the foregoing, the restrictions imposed upon the transferability of the Warrant
Shares shall terminate as to this Warrant and any particular share of Common
Stock when (1) such security shall have been effectively registered under the
Securities Act and sold by the Holder thereof in accordance with such
registration or (2) such security shall have been sold without registration in
compliance with Rule 144 under the Securities Act, or (3) a letter shall have
been issued to the Warrantholder at its request by the staff of the Securities
and Exchange Commission or a ruling shall have been issued to the Warrantholder
at its request by such Commission stating that no action shall be recommended by
the staff or taken by such Commission, as the case may be, if such security is
transferred without registration under the Securities Act in accordance with the
conditions set forth in such letter or

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ruling and such letter or ruling specifies that no subsequent restrictions on
transfer are required. Whenever the restrictions imposed hereunder shall
terminate, as hereinabove provided, the Warrantholder or the Holder of a share
of Common Stock issued upon exercise of this Warrant as to which such
restrictions have terminated shall be entitled to receive from the Company,
without expense to such Holder, one or more new certificates for the Warrant or
for such shares of Common Stock not bearing any restrictive legend.

             (iv)   Rule 144. The Warrantholder acknowledges that it has
received and reviewed a copy of Rule 144 promulgated under the Securities Act,
which permits limited public resales of securities acquired in a non-public
offering, subject to the satisfaction of certain conditions.

             (v)    Sale of Warrant. The Warrantholder acknowledges that in the
event the applicable requirements of Rule 144 are not met, registration under
the Securities Act or compliance with another exemption from registration will
be required for any disposition of this Warrant or the Warrant Shares. The
Warrantholder understands that although Rule 144 is not exclusive, the
Securities and Exchange Commission has expressed its opinion that persons
proposing to sell restricted securities received in a private offering other
than in a registered offering or pursuant to Rule 144 will have a substantial
burden of proof in establishing that an exemption from registration is available
for such offers or sales and that such persons and the brokers who participate
in the transactions do so at their own risk. The Warrantholder also acknowledges
that it is not receiving any rights with respect to registration of this Warrant
or the Warrant Shares under the Securities Act.

             (vi)   Financial Risk. The Warrantholder has such knowledge and
experience in financial and business matters as to be capable of evaluating the
merits and risks of its investment, and has the ability to bear the economic
risks of its investment.

             (vii)  Accredited Investor. The Warrantholder is an "accredited
investor" within the meaning of Rule 501 of Regulation D promulgated under
the Act.

             (viii) No Public Market. The Warrantholder understands that no
public market now exists for any of the securities issued by the Company,

             (ix)   Receipt of Information. The Warrantholder has received and
reviewed this Warrant; it, its attorney and its accountant have had access to,
and an opportunity to review all documents and other materials requested of, the
Company; it and they have been given an opportunity to ask any and all questions
or, and receive answers from, the Company concerning the terms and conditions of
this Warrant and to evaluate the suitability of an investment in this Warrant;
and, in evaluating the suitability of an investment in this Warrant; it and they
have not relief upon any representations or other information (whether oral or
written) other than as set forth herein.

         14. Lock-Up Period. Warrantholder hereby agrees that, if so requested
by the Company or any representative of the underwriters (the "Managing
Underwriter") in connection with any registration of the offering of any
securities of the Company under the Securities Act or a public offering that is
exempt from the Securities Act (e.g. Regulation A offering), Warrantholder shall
not sell or otherwise transfer any Warrant Shares or other securities of the
Company during the

                                       9
<PAGE>   10

180-day period (or such other period as may be requested in writing by the
Managing Underwriter and agreed to in writing by the Company) (the "Market
Standoff Period") following the effective date of a registration statement of
the Company filed under the Securities Act or the commencement date of such an
exempt public offering. Such restriction shall apply only to the first
registration statement or exempt public offering of the Company to become
effective under the Securities Act that includes securities to be sold on
behalf of the Company to the public in an underwritten public offering. The
Company may impose stop-transfer instructions with respect to securities subject
to the foregoing restrictions until the end of such Market Standoff Period.

         15. Miscellaneous Provisions.

             (a) Governing Law. This Warrant shall be deemed to have been made
in the State of California and the validity of this Warrant, the construction,
interpretation, and enforcement thereof, and the rights of the parties thereto
shall be determined under, governed by, and construed in accordance with the
internal laws of the State of California, without regard to principles of
conflicts of law.

             (b) Notices. All notices and other communications hereunder shall
be in writing and shall be deemed to have been given when personally delivered
to the addressee or five (5) days after being mailed by certified mail addressed
to the address below stated of the party to which notice is given, or to such
changed address as such party may have fixed by notice:

         To the Company:

             TRITON NETWORK SYSTEMS, INC.
             8529 Southpark Circle
             Orlando, FL 32819
             Attn: ___________________________

         To the Warrantholders Or holder of Warrant Shares:

             FINOVA Capital Corporation
             10 Waterside Drive
             Farmington, Connecticut 06032
             Attn: Contracts Administration Dept.

provided, however, that any notice of change of address shall be effective upon
receipt.

             (c) Successors and Assigns. This Warrant shall be binding upon and
inure to the benefit of the Company, the Warrantholders and the holders of
Warrant Shares and the successors, assigns and transferees of the Company, the
Warrantholders and the holders of Warrant Shares.

             (d) Attorneys' Fees. The Company agrees to pay, on demand, all
attorneys' fees (include attorneys' fees incurred pursuant to proceedings
arising under the Bankruptcy Code) and all other costs and expenses which may be
incurred by the Warrantholders and the holders of

                                       10
<PAGE>   11

Warrant Shares in connection with any amendment to this Warrant which may be
requested by the Company and/or in any action or proceeding in which the Company
is not the prevailing party, if such action or proceeding is in connection with,
arising out of, or consequential to the protection, assertion, or enforcement of
rights under this Warrant.

             (e) Entire Agreement, Amendments and Waivers. This Warrant sets
forth the entire understanding of the parties with respect to the transactions
contemplated hereby. The failure of any party to seek redress for the violation
or to insist upon the strict performance of any term of this Warrant shall not
constitute a waiver of such term and such party shall be entitled to enforce
such term without regard to such forbearance. This Warrant may be amended, the
Company may take any action herein prohibited or omit to take action herein
required to be performed by it, and any breach of or compliance with any
covenant, agreement, warranty or representation may be waived, only if the
Company has obtained the written consent or written waiver of the majority in
interest of the Warrantholders, and then such consent or waiver shall be
effective only in the specific instance and for the specific purpose for which
given.

             (f) Severability. If any term of this Warrant as applied to any
person or to any circumstance is prohibited, void, invalid or unenforceable in
any jurisdiction, such term shall, as to such jurisdiction, be ineffective to
the extent of such prohibition or invalidity without in any way affecting any
other term of this Warrant or affecting the validity or enforceability of this
Warrant or of such provision in any other jurisdiction.

             (g) Headings. The headings in this Warrant are inserted only for
convenience of reference and shall not be used in the construction of any of its
terms.

             (h) Transferability. This Warrant may be assigned, transferred or
sold by Warrantholder only in compliance with the provisions of applicable
securities laws and with the consent of Company which shall not be unreasonably
withheld; provided, however, that no consent of the Company shall be required
for any assignment or transfer of this Warrant to any direct or indirect
subsidiary or parent of the Warrantholders or to any entity in which
Warrantholder has a 50% or greater ownership interest.

         IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by
its duly authorized officers effective as of the date first set forth above.

                                        TRITON NETWORK SYSTEMS, INC.
                                        a Delaware corporation

                                        By: /s/ Ken Vines
                                            ------------------------
                                        Printed Name: Ken Vines
                                                      --------------
                                        Title: CFO
                                               ---------------------

                                       11

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