Document:

Exhibit 10.15
                             NEXLAND, INCORPORATED
                            PLACEMENT AGENT AGREEMENT

                                                     Dated as of: March 19, 2001

May Davis Group, Inc.
One World Trade Center - Suite 8735
New York, New York, 10048

Ladies and Gentlemen:

        The undersigned,  Nexland, Inc. (the "COMPANY"),  hereby agrees with May
Davis Group, Inc. ("May Davis") as follows:

        1.  OFFERING.  The  Company  hereby  engages  May  Davis  to  act as its
exclusive  placement agent in connection with the Securities  Purchase Agreement
(as defined herein) for the issuance and sale by the Company (the "Offering") of
convertible debentures (the "Convertible Debentures") which shall be convertible
into the  Company's  common  stock,  $0.0001  par value per share  (the  "COMMON
STOCK")(as  converted,  the "Conversion  Shares"), at a price per share equal to
the Purchase Price, as that term is defined in the Securities Purchase Agreement
dated the date hereof  between the Company and the Investor  named therein ( the
"SECURITIES  PURCHASE  AGREEMENT").  All  capitalized  terms used herein and not
otherwise  defined  shall  have  the  same  meaning  ascribed  to them as in the
Securities Purchase Agreement. The Investor will be granted certain registration
rights  with  respect  to the  Common  Stock  as more  fully  set  forth  in the
Registration  Rights  Agreement  between the Company and the Investor  dated the
date hereof.  The documents to be executed and delivered in connection  with the
Offering, including, but not limited, to this Agreement, the Securities Purchase
Agreement,  the Registration  Rights Agreement,  the Escrow Agreement with First
Union  National  Bank  (the  "ESCROW  AGREEMENT"),  are  referred  to  sometimes
hereinafter collectively as the "OFFERING MATERIALS." The Company's Common Stock
is sometimes referred to hereinafter as the "Securities." May Davis shall not be
obligated to sell any  Securities and this Offering by May Davis shall be solely
on a "best efforts basis."

        2.  INFORMATION.
            -----------

            Upon the  occurrence of each Closing,  the funds received in respect
of the  Convertible  Debentures  purchased by the Investors will be disbursed in
accordance with the terms of the Securities Purchase  Agreement,  net of (i) the
commission  payable  to May  Davis,  equal to ten  percent  (10%)  of the  gross
proceeds from the sale of Convertible Debentures , and (ii) legal fees and other
expenses  related  thereto due to May Davis's  counsel,  Butler Gonzalez LLP, an
amount not to exceed Thirty Thousand Dollars  ($30,000)  ($10,000 for legal fees

<PAGE>

for the  transactions  contemplated  herein and  $20,000  for legal fees for the
Equity Line of Credit  transaction);  and (iii)  legal fees and  expenses of the
Company's counsel.

        3.     REPRESENTATIONS, WARRANTIES AND COVENANTS OF MAY DAVIS.
               ------------------------------------------------------
        A.     May Davis represents, warrants and covenants as follows:
               (i)  May  Davis  has the  necessary  power  to  enter  into  this
Agreement  and  the  Escrow   Agreement  and  to  consummate  the   transactions
contemplated hereby and thereby.

               (ii) The execution and delivery by May Davis of this  Agreement ,
the Escrow  Agreement  and the  consummation  of the  transactions  contemplated
herein and therein will not result in any violation of, or be in conflict  with,
or constitute a default under, any agreement or instrument to which May Davis is
a party or by which May Davis or its  properties  are  bound,  or any  judgment,
decree,  order or, to May Davis's  knowledge,  any statute,  rule or  regulation
applicable to May Davis.  This Agreement and the Escrow  Agreement when executed
and  delivered  by May  Davis,  will  constitute  the legal,  valid and  binding
obligations of May Davis, enforceable in accordance with their respective terms,
except  to the  extent  that (a) the  enforceability  hereof or  thereof  may be
limited by bankruptcy,  insolvency,  reorganization,  moratorium or similar laws
from time to time in effect and affecting the rights of creditors generally, (b)
the enforceability hereof or thereof is subject to general principles of equity,
or (c)  the  indemnification  provisions  hereof  or  thereof  may be held to be
violative of public policy.

               (iii) Upon receipt of an executed  Securities Purchase Agreement,
a  Registration  Rights  Agreement  and the Escrow  Agreement  and the documents
related  thereto,  May Davis will,  through the Escrow Agent,  promptly  forward
copies of the Securities Purchase  Agreement,  the Registration Rights Agreement
and the Escrow Agreement and the documents related thereto to the Company or its
counsel.

               (iv) May Davis  will not  deliver  any  documents  related to the
Offering  to any  person  it does not  reasonably  believe  to be an  Accredited
Investor as defined in Rule 501 (a) (3) of Regulation D.

               (v) May Davis  will not  intentionally  take any  action  that it
reasonably  believes  would cause the Offering to violate the  provisions of the
1933 Act, the 1934 Act, the respective rules and regulations  promulgated  there
under (the "RULES AND  REGULATIONS")  or applicable "BLUE SKY" laws of any state
or jurisdiction.

               (vi) May Davis shall use all reasonable  efforts to determine (a)
whether the  Investor is an  Accredited  Investor  and (b) that any  information
furnished  by the  Investor  is true  and  accurate.  May  Davis  shall  have no
obligation to insure that (x) any check,  note,  draft or other means of payment
for the Common Stock will be honored,  paid or enforceable  against the Investor
in accordance  with its terms,  or (y) subject to the performance of May Davis's
obligations  and the  accuracy of May  Davis's  representations  and  warranties
hereunder, (1) the Offering is exempt from the registration  requirements of the
1933  Act or any  applicable  state  "Blue  Sky" law or (2) the  Investor  is an
Accredited Investor.

               (vii)  May  Davis  is a member  of the  National  Association  of
Securities  Dealers,  Inc., and is a broker-dealer  registered as such under the
1934 Act and under the  securities  laws of the  states in which the  Securities
will be  offered  or sold by May  Davis,  unless  an  exemption  for such  state

                                       2
<PAGE>

registration  is available  to May Davis.  May Davis is in  compliance  with all
material rules and regulations  applicable to May Davis generally and applicable
to May Davis's participation in the Offering.

        4.     REPRESENTATIONS AND WARRANTIES OF THE COMPANY.
               ---------------------------------------------
        A.     The Company represents and warrants as follows:
               (i)  The  execution,  delivery  and  performance  of each of this
Agreement,  the Securities  Purchase  Agreement,  the Escrow Agreement,  and the
Registration Rights Agreement has been or will be duly and validly authorized by
the Company and is, or with respect to this Agreement,  the Securities  Purchase
Agreement,  the Escrow Agreement, and the Registration Rights Agreement will be,
a valid and binding agreement of the Company, enforceable in accordance with its
respective  terms,  except to the extent that (a) the  enforceability  hereof or
thereof may be limited by bankruptcy, insolvency, reorganization,  moratorium or
similar laws from time to time in effect and  affecting  the rights of creditors
generally,  (b) the  enforceability  hereof or  thereof  is  subject  to general
principles of equity or (c) the indemnification provisions hereof or thereof may
be held to be violative of public policy.  The Securities to be issued  pursuant
to the transactions  contemplated by this Agreement and the Securities  Purchase
Agreement have been duly  authorized and, when issued and paid for in accordance
with  (x)  this   Agreement,   the   Securities   Purchase   Agreement  and  the
certificates/instruments  representing  such  Securities,  (y) will be valid and
binding  obligations  of the  Company,  enforceable  in  accordance  with  their
respective terms,  except to the extent that (1) the enforceability  thereof may
be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws
from time to time in effect and affecting the rights of creditors generally, and
(2) the  enforceability  thereof is subject to general principles of equity. All
corporate action required to be taken for the  authorization,  issuance and sale
of the Securities has been duly and validly taken by the Company.

               (ii) The Company has a duly  authorized,  issued and  outstanding
capitalization as set forth in the Securities Purchase Agreement. The Company is
not a party to or  bound  by any  instrument,  agreement  or  other  arrangement
providing for it to issue any capital stock, rights, warrants,  options or other
securities, except for this Agreement and the agreements described herein and as
described  in the  Securities  Purchase  Agreement.  All issued and  outstanding
securities of the Company,  have been duly authorized and validly issued and are
fully paid and non-assessable;  the holders thereof have no rights of rescission
or  preemptive  rights  with  respect  thereto  and are not  subject to personal
liability  solely  by  reason  of  being  security  holders;  and  none  of such
securities  was issued in violation of the  preemptive  rights of any holders of
any security of the Company.  The Company has  50,000,000  shares of  authorized
Common Stock,  36,027,378 of which will be issued and outstanding as of the date
hereof.

               (iii) The Common Stock to be issued in accordance with Securities
Purchase  Agreement  has been duly  authorized  and when  issued and paid for in
accordance with the this Agreement,  the Securities  Purchase  Agreement and the
certificates/instruments representing such Common Stock, will be validly issued,
fully-paid  and  non-assessable;  the  holders  thereof  will not be  subject to
personal  liability solely by reason of being such holders;  such Securities are
not and will not be  subject  to the  preemptive  rights  of any  holder  of any
security of the Company.

               (iv) The Company has good and  marketable  title to, or valid and
enforceable  leasehold  estates  in,  all  items of real and  personal  property
necessary to conduct its business  (including,  without limitation,  any real or

                                       3
<PAGE>

personal property stated in the Offering  Materials to be owned or leased by the
Company), free and clear of all liens, encumbrances,  claims, security interests
and defects of any material nature whatsoever, other than those set forth in the
Offering Materials and liens for taxes not yet due and payable.

               (v) There is no litigation or governmental proceeding pending or,
to the best of the Company's  knowledge,  threatened  against,  or involving the
properties  or  business  of the  Company,  except as set forth in the  Offering
Materials.

               (vi) The Company has been duly organized and is validly  existing
as a  corporation  in good  standing  under the laws of the  State of  Delaware.
Except as set  forth in the  Offering  Materials,  the  Company  does not own or
control,   directly  or  indirectly,  an  interest  in  any  other  corporation,
partnership,  trust, joint venture or other business entity. The Company is duly
qualified  or licensed  and in good  standing as a foreign  corporation  in each
jurisdiction   in  which  the   character  of  its   operations   requires  such
qualification or licensing and where failure to so qualify would have a material
adverse effect on the Company. The Company has all requisite corporate power and
authority,  and all material and necessary  authorizations,  approvals,  orders,
licenses,  certificates  and  permits  of and from all  governmental  regulatory
officials  and bodies  (domestic  and  foreign) to conduct its  businesses  (and
proposed  business) as described in the Offering  Materials.  Any disclosures in
the Offering  Materials  concerning the effects of foreign,  federal,  state and
local  regulation  on the  Company's  businesses  as currently  conducted and as
contemplated  are correct in all  material  respects  and do not omit to state a
material fact.  The Company has all corporate  power and authority to enter into
this Agreement,  the Securities  Purchase  Agreement,  the  Registration  Rights
Agreement,  and the Escrow Agreement, to carry out the provisions and conditions
hereof and  thereof,  and all  consents,  authorizations,  approvals  and orders
required in connection  herewith and therewith have been  obtained.  No consent,
authorization or order of, and no filing with, any court,  government  agency or
other body is  required by the Company  for the  issuance of the  Securities  or
execution and delivery of the Securities  Purchase  Agreement,  the Registration
Rights  Agreement,  and the Escrow Agreement  except for applicable  federal and
state  securities laws. The Company,  since its inception,  has not incurred any
liability  arising  under  or as a  result  of  the  application  of  any of the
provisions of the 1933 Act, the 1934 Act or the Rules and Regulations.

               (vii) There has been no material  adverse change in the condition
or prospects of the Company, financial or otherwise, from the latest dates as of
which such condition or prospects,  respectively,  are set forth in the Offering
Materials,  and the  outstanding  debt,  the  property  and the  business of the
Company conform in all material  respects to the descriptions  thereof contained
in the Offering Materials.

               (viii) Except as set forth in the Offering Materials, the Company
is not in breach of, or in default under,  any term or provision of any material
indenture,  mortgage,  deed of trust,  lease, note, loan or Securities  Purchase
Agreement or any other material agreement or instrument evidencing an obligation
for borrowed money, or any other material agreement or instrument to which it is
a party or by which it or any of its  properties  may be bound or affected.  The
Company is not in  violation  of any  provision  of its charter or by-laws or in
violation of any franchise,  license, permit,  judgment,  decree or order, or in
violation of any material statute, rule or regulation. Neither the execution and
delivery of this Agreement,  the Securities Purchase Agreement, the Registration
Rights Agreement, the Escrow Agreement, nor the issuance and sale or delivery of

                                       4
<PAGE>

the Securities,  nor the  consummation of any of the  transactions  contemplated
herein  or  in  the  Securities  Purchase  Agreement,  the  Registration  Rights
Agreement,  and the Escrow Agreement, nor the compliance by the Company with the
terms and provisions  hereof or thereof,  has  conflicted  with or will conflict
with,  or has  resulted  in or will  result in a breach of, any of the terms and
provisions  of, or has  constituted or will  constitute a default under,  or has
resulted in or will result in the creation or imposition of any lien,  charge or
encumbrance  upon any property or assets of the Company or pursuant to the terms
of any indenture,  mortgage,  deed of trust,  note, loan or Securities  Purchase
Agreement or any other  agreement or instrument  evidencing  an  obligation  for
borrowed money, or any other agreement or instrument to which the Company may be
bound or to which any of the property or assets of the Company is subject except
(a) where such default,  lien,  charge or encumbrance  would not have a material
adverse  effect on the Company and (b) as described  in the Offering  Materials;
nor will such action result in any violation of the provisions of the charter or
the by-laws of the Company or,  assuming the due performance by May Davis of its
obligations  hereunder,  any  material  statute or any material  order,  rule or
regulation  applicable  to the Company of any court or of any foreign,  federal,
state or other regulatory authority or other government body having jurisdiction
over the Company.

               (ix) Subsequent to the dates as of which  information is given in
the Offering Materials, and except as may otherwise be indicated or contemplated
herein or therein, the Company has not (a) issued any securities or incurred any
liability  or  obligation,  direct or  contingent,  for borrowed  money,  or (b)
entered into any transaction  other than in the ordinary course of business,  or
(c)  declared  or paid any  dividend  or made any  other  distribution  on or in
respect of its capital stock. Except as described in the Offering Materials, the
Company  has no  outstanding  obligations  to any  officer  or  director  of the
Company.

               (x) There are no claims for  services in the nature of a finder's
or  origination  fee with  respect to the sale of the Common  Stock or any other
arrangements,   agreements  or  understandings   that  may  affect  May  Davis's
compensation,  as determined by the National  Association of Securities Dealers,
Inc.

               (xi) The Company owns or  possesses,  free and clear of all liens
or  encumbrances  and rights thereto or therein by third parties,  the requisite
licenses  or other  rights to use all  trademarks,  service  marks,  copyrights,
service names, trade names, patents,  patent applications and licenses necessary
to conduct its business  (including,  without  limitation,  any such licenses or
rights  described in the  Offering  Materials as being owned or possessed by the
Company) and, except as set forth in the Offering  Materials,  there is no claim
or action by any person  pertaining  to, or  proceeding,  pending or threatened,
which  challenges  the  exclusive  rights of the  Company  with  respect  to any
trademarks,  service marks,  copyrights,  service names,  trade names,  patents,
patent applications and licenses used in the conduct of the Company's businesses
(including,  without  limitation,  any such licenses or rights  described in the
Offering  Materials as being owned or possessed by the Company) except any claim
or action  that would not have a material  adverse  effect on the  Company;  the
Company's  current  products,  services or processes do not infringe or will not
infringe on the patents currently held by any third party.

               (xii) Except as described in the Offering Materials,  the Company
is not under any  obligation to pay royalties or fees of any kind  whatsoever to
any third  party with  respect to any  trademarks,  service  marks,  copyrights,
service names, trade names, patents, patent applications, licenses or technology

                                       5
<PAGE>

it has developed, uses, employs or intends to use or employ, other than to their
respective licensors.

               (xiii) Subject to the performance by May Davis of its obligations
hereunder,  the  Securities  Purchase  Agreement  and the  offer and sale of the
Securities  comply,  and will continue to comply, up to the Registration  Period
(as defined in the Securities  Purchase Agreement) in all material respects with
the  requirements of Rule 506 of Regulation D promulgated by the SEC pursuant to
the 1933 Act and any other applicable federal and state laws, rules, regulations
and  executive  orders.  Neither the  Offering  Materials  nor any  amendment or
supplement  thereto nor any documents prepared by the Company in connection with
the  Offering  will 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.  All statements of material facts in the Offering  Materials are
true and correct as of the date of the Offering  Materials  and will be true and
correct on the date of the Closing.

               (xiv)  All  material  taxes  which are due and  payable  from the
Company  have been  paid in full or  adequate  provision  has been made for such
taxes on the books of the Company  except for those taxes disputed in good faith
the Company does not have any tax  deficiency or claim  outstanding  assessed or
proposed against it.

               (xv)  None of the  Company  nor any of its  officers,  directors,
employees or agents, nor any other person acting on behalf of the Company,  has,
directly  or  indirectly,  given or agreed to give any  money,  gift or  similar
benefit (other than legal price  concessions to customers in the ordinary course
of  business)  to any  customer,  supplier,  employee  or agent of a customer or
supplier,  or official or employee of any governmental agency or instrumentality
of any government  (domestic or foreign) or any political party or candidate for
office  (domestic  or foreign) or other person who is or may be in a position to
help or hinder the business of the Company (or assist it in connection  with any
actual or  proposed  transaction)  which (A) might  subject  the  Company to any
damage  or  penalty  in  any  civil,  criminal  or  governmental  litigation  or
proceeding, or (B) if not given in the past, might have had a materially adverse
effect on the assets,  business or operations of the Company as reflected in any
of the financial statements  contained in the Offering Materials,  or (C) if not
continued in the future, might adversely affect the assets, business, operations
or prospects of the Company in the future.

        5.     CERTAIN COVENANTS AND AGREEMENTS OF THE COMPANY.
               -----------------------------------------------
        The Company  covenants and agrees at its expense and without any expense
to May Davis as follows:
        A. To advise May Davis of any material  adverse  change in the Company's
financial  condition,  prospects  or business or of any  development  materially
affecting the Company or rendering  untrue or misleading any material  statement
in the Offering Materials occurring at any time as soon as the Company is either
informed or becomes aware thereof.

        B. To use its commercially  reasonable efforts to cause the Common Stock
issuable  upon  exercise  of  the  Convertible  Debentures  to be  qualified  or
registered for sale on terms  consistent  with those stated in the  Registration
Rights  Agreement and under the  securities  laws of such  jurisdictions  as May
Davis and the Investor shall reasonably  request,  provided that such states and
jurisdictions  do not require  the Company to qualify as a foreign  corporation.
Qualification,  registration and exemption charges and fees shall be at the sole
cost and expense of the Company.

                                       6
<PAGE>

        C. Upon  written  request,  to provide and  continue to provide the each
holder of Securities,  copies of all quarterly financial  statements and audited
annual  financial  statements  prepared  by or on behalf of the  Company,  other
reports  prepared by or on behalf of the Company for public  disclosure  and all
documents delivered to the Company's stockholders.

        D. To deliver,  during the Registration  Period,  to May Davis, upon May
Davis's request, within forty five (45) days, a statement of its income for each
such  quarterly  period,  and its balance  sheet and a  statement  of changes in
stockholders'  equity as of the end of such quarterly period,  all in reasonable
detail,  certified by its principal financial or accounting officer; (ii) within
ninety (90) days after the close of each fiscal  year,  its balance  sheet as of
the close of such fiscal year,  together with a statement of income, a statement
of changes in stockholders'  equity and a statement of cash flow for such fiscal
year,  such  balance  sheet,  statement  of  income,  statement  of  changes  in
stockholders'  equity and statement of cash flow to be in reasonable  detail and
accompanied  by a copy of the  certificate  or  report  thereon  of  independent
auditors if audited financial  statements are prepared;  and (iii) a copy of all
documents,  reports and  information  furnished to its  stockholders at the time
that such documents, reports and information are furnished to its stockholders.

        E. To comply  with  the  terms  of the  Securities  Purchase  Agreement,
the Registration Rights Agreement, and the Escrow Agreement.

        F. To ensure that any transactions  between or among the Company, or any
of its officers, directors and affiliates be on terms and conditions that are no
less  favorable  to the  Company,  than the terms and  conditions  that would be
available in an "arm's length" transaction with an independent third party.

        6.     INDEMNIFICATION.
               ---------------
               A. The Company  hereby agrees that it will indemnify and hold May
Davis and each officer, director, shareholder, employee or representative of May
Davis, and each person  controlling,  controlled by or under common control with
May Davis  within the meaning of Section 15 of the 1933 Act or Section 20 of the
1934 Act or the SEC's Rules and Regulations  promulgated  thereunder (the "Rules
and  Regulations"),  harmless from and against any and all loss, claim,  damage,
liability,  cost or expense whatsoever  (including,  but not limited to, any and
all  reasonable  legal fees and other  expenses  and  disbursements  incurred in
connection with investigating, preparing to defend or defending any action, suit
or proceeding, including any inquiry or investigation,  commenced or threatened,
or any claim whatsoever or in appearing or preparing for appearance as a witness
in any action,  suit or  proceeding,  including  any inquiry,  investigation  or
pretrial proceeding such as a deposition) to which May Davis or such indemnified
person of May Davis may become  subject  under the 1933 Act,  the 1934 Act,  the
Rules and Regulations,  or any other federal or state law or regulation,  common
law or  otherwise,  arising  out of or based  upon (i) any untrue  statement  or
alleged  untrue  statement of a material fact contained in (a) Section 4 of this
Agreement,  (b) the Offering Materials (except those written statements relating
to May Davis given by an  indemnified  person for  inclusion  therein),  (c) any
application or other document or written  communication  executed by the Company
or  based  upon  written  information  furnished  by the  Company  filed  in any
jurisdiction  in order to qualify  the Common  Stock under the  securities  laws
thereof,  or any state  securities  commission  or agency;  (ii) the omission or
alleged omission from documents  described in clauses (a), (b) or (c) above of a
material fact required to be stated  therein or necessary to make the statements
therein not  misleading;  or (iii) the breach of any  representation,  warranty,

                                       7
<PAGE>

covenant or agreement made by the Company in this Agreement. The Company further
agrees that upon demand by an  indemnified  person,  at any time or from time to
time, it will promptly  reimburse such indemnified  person for any loss,  claim,
damage,  liability,  cost  or  expense  actually  and  reasonably  paid  by  the
indemnified  person as to which the Company has indemnified such person pursuant
hereto.  Notwithstanding  the foregoing  provisions of this Paragraph  6(A), any
such payment or reimbursement by the Company of fees,  expenses or disbursements
incurred by an indemnified person in any proceeding in which a final judgment by
a court of competent  jurisdiction  (after all appeals or the expiration of time
to appeal) is entered against May Davis or such  indemnified  person as a direct
result of May Davis or such person's  gross  negligence  or willful  misfeasance
will be promptly repaid to the Company.

        B. May Davis hereby  agrees that it will  indemnify and hold the Company
and each  officer,  director,  shareholder,  employee or  representative  of the
Company, and each person controlling, controlled by or under common control with
the  Company  within the  meaning of Section 15 of the 1933 Act or Section 20 of
the 1934 Act or the Rules and Regulations, harmless from and against any and all
loss, claim, damage, liability,  cost or expense whatsoever (including,  but not
limited  to,  any  and  all  reasonable   legal  fees  and  other  expenses  and
disbursements incurred in connection with investigating,  preparing to defend or
defending   any  action,   suit  or   proceeding,   including   any  inquiry  or
investigation,  commenced or threatened, or any claim whatsoever or in appearing
or preparing  for  appearance  as a witness in any action,  suit or  proceeding,
including  any  inquiry,   investigation  or  pretrial   proceeding  such  as  a
deposition) to which the Company or such  indemnified  person of the Company may
become subject under the 1933 Act, the 1934 Act, the Rules and  Regulations,  or
any other federal or state law or regulation,  common law or otherwise,  arising
out of or based upon (i) the conduct of May Davis or its officers,  employees or
representatives  in its acting as  Placement  Agent for the Offering or (ii) the
breach of any representation,  warranty, covenant or agreement made by May Davis
in this  Agreement  (iii) any false or  misleading  information  provided to the
Company by one of the May Davis indemnified persons.

        C.  Promptly  after  receipt  by  an  indemnified  party  of  notice  of
commencement  of any action  covered by  Section  6(A) or 6(B),  the party to be
indemnified shall,  within five (5) business days, notify the indemnifying party
of the  commencement  thereof;  the omission by one (1) indemnified  party to so
notify the indemnifying  party shall not relieve the  indemnifying  party of its
obligation to indemnify any other  indemnified  party that has given such notice
and shall not relieve the  indemnifying  party of any liability  outside of this
indemnification  if not  materially  prejudiced  thereby.  In the event that any
action is brought against the indemnified  party, the indemnifying party will be
entitled to participate  therein and, to the extent it may desire, to assume and
control  the  defense  thereof  with  counsel  chosen by it which is  reasonably
acceptable to the indemnified party. After notice from the indemnifying party to
such  indemnified  party of its election to so assume the defense  thereof,  the
indemnifying  party  will not be liable to such  indemnified  party  under  such
Section 6(A) or 6(B) for any legal or other  expenses  subsequently  incurred by
such  indemnified  party  in  connection  with  the  defense  thereof,  but  the
indemnified  party  may,  at its own  expense,  participate  in such  defense by
counsel  chosen by it,  without,  however,  impairing the  indemnifying  party's
control  of  the  defense.   Subject  to  the  proviso  of  this   sentence  and
notwithstanding  any other  statement  to the  contrary  contained  herein,  the
indemnified  party or  parties  shall  have the right to choose its or their own
counsel  and  control  the  defense  of any  action,  all at the  expense of the

                                       8
<PAGE>

indemnifying  party if,  (i) the  employment  of such  counsel  shall  have been
authorized in writing by the  indemnifying  party in connection with the defense
of  such  action  at  the  expense  of  the  indemnifying  party,  or  (ii)  the
indemnifying  party shall not have employed counsel  reasonably  satisfactory to
such  indemnified  party to have charge of the  defense of such action  within a
reasonable  time  after  notice of  commencement  of the  action,  or (iii) such
indemnified  party or parties shall have reasonably  concluded that there may be
defenses available to it or them which are different from or additional to those
available  to one  or  all  of the  indemnifying  parties  (in  which  case  the
indemnifying  parties  shall not have the right to direct  the  defense  of such
action on behalf of the  indemnified  party or parties),  in any of which events
such  fees  and  expenses  of one  additional  counsel  shall  be  borne  by the
indemnifying party; provided, however, that the indemnifying party shall not, in
connection with any one action or separate but substantially  similar or related
actions in the same jurisdiction  arising out of the same general allegations or
circumstance,  be liable for the  reasonable  fees and expenses of more than one
separate  firm of attorneys  at any time for all such  indemnified  parties.  No
settlement of any action or  proceeding  against an  indemnified  party shall be
made without the consent of the indemnifying party.

        D.  In  order  to  provide  for  just  and  equitable   contribution  in
circumstances in which the indemnification  provided for in Section 6(A) or 6(B)
is due in accordance  with its terms but is for any reason held by a court to be
unavailable  on grounds of policy or otherwise,  the Company and May Davis shall
contribute to the aggregate losses,  claims,  damages and liabilities (including
legal or other expenses reasonably incurred in connection with the investigation
or defense  of same)  which the other may incur in such  proportion  so that May
Davis shall be  responsible  for such  percent of the  aggregate of such losses,
claims,  damages  and  liabilities  as shall equal the  percentage  of the gross
proceeds paid to May Davis and the Company shall be responsible for the balance;
provided, however, that no person guilty of fraudulent  misrepresentation within
the meaning of Section  11(f) of the 1933 Act shall be entitled to  contribution
from any  person who was not guilty of such  fraudulent  misrepresentation.  For
purposes of this Section 6(D),  any person  controlling,  controlled by or under
common  control with May Davis,  or any partner,  director,  officer,  employee,
representative  or any  agent of any  thereof,  shall  have the same  rights  to
contribution  as May Davis and each person  controlling,  controlled by or under
common control with the Company within the meaning of Section 15 of the 1933 Act
or Section 20 of the 1934 Act and each officer of the Company and each  director
of the Company shall have the same rights to  contribution  as the Company.  Any
party  entitled  to  contribution  will,  promptly  after  receipt  of notice of
commencement of any action,  suit or proceeding against such party in respect of
which a claim for  contribution  may be made  against the other party under this
Section 6(D),  notify such party from whom  contribution may be sought,  but the
omission  to so  notify  such  party  shall  not  relieve  the  party  from whom
contribution  may be  sought  from any  obligation  they may have  hereunder  or
otherwise if the party from whom  contribution  may be sought is not  materially
prejudiced thereby. The indemnity and contribution  agreements contained in this
Section 6 shall remain operative and in full force and effect  regardless of any
investigation  made by or on behalf of any indemnified person or any termination
of this Agreement.

        7.     PAYMENT OF EXPENSES.
               -------------------
        The Company hereby agrees to bear all of the expenses in connection with
the Offering, including, but not limited to the following: filing fees, printing
and duplicating costs, advertisements, postage and mailing expenses with respect

                                       9
<PAGE>

to the  transmission of Offering  Materials,  registrar and transfer agent fees,
Escrow Agent fees and expenses,  fees of the Company's  counsel and accountants,
issue and transfer taxes, if any.

        8.     CONDITIONS OF CLOSING
        The Closing  shall be held at the  offices of May Davis or its  counsel.
The  obligations  of May Davis  hereunder  shall be  subject  to the  continuing
accuracy of the  representations  and warranties of the Company herein as of the
date hereof and as of the Date of Closing (the  "CLOSING  DATE") with respect to
the Company as if it had been made on and as of such Closing Date;  the accuracy
on and as of the Closing Date of the  statements  of the officers of the Company
made pursuant to the provisions  hereof;  and the  performance by the Company on
and as of the Closing Date of its covenants and obligations hereunder and to the
following further conditions:

        A. At the Closing,  May Davis shall receive the opinion of Kirkpatrick &
Lockhart  LLP,  dated as of the date of the Closing,  which  opinion shall be in
form and substance reasonably satisfactory to counsel for May Davis.

        B. At or prior to the  Closing,  counsel  for May Davis  shall have been
furnished  such  documents,  certificates  and  opinions as they may  reasonably
require  for the  purpose of  enabling  them to review or pass upon the  matters
referred  to in this  Agreement  and the  Offering  Materials,  or in  order  to
evidence   the   accuracy,   completeness   or   satisfaction   of  any  of  the
representations, warranties or conditions herein contained.

        C. At and prior to the  Closing,  (i) there  shall have been no material
adverse change nor development  involving a prospective  change in the condition
or prospects or the business activities,  financial or otherwise, of the Company
from the latest  dates as of which such  condition  is set forth in the Offering
Materials; (ii) there shall have been no transaction, not in the ordinary course
of  business,  entered into by the Company  which has not been  disclosed in the
Offering Materials or to May Davis in writing;  (iii) except as set forth in the
Offering  Materials,  the Company shall not be in default under any provision of
any instrument  relating to any outstanding  indebtedness  for which a waiver or
extension  has not been  otherwise  received;  (iv)  except  as set forth in the
Offering Materials, the Company shall not have issued any securities (other than
those to be issued as provided in the  Offering  Materials)  or declared or paid
any  dividend or made any  distribution  of its  capital  stock of any class and
there shall not have been any change in the indebtedness (long or short term) or
liabilities or obligations of the Company  (contingent or otherwise)  except for
trade  payable debt;  (v) no material  amount of the assets of the Company shall
have been pledged or mortgaged,  except as indicated in the Offering  Materials;
and (v) no action, suit or proceeding,  at law or in equity, against the Company
or affecting any of its properties or businesses  shall be pending or threatened
before  or by  any  court  or  federal  or  state  commission,  board  or  other
administrative  agency,  domestic or foreign,  wherein an unfavorable  decision,
ruling or finding could materially adversely affect the businesses, prospects or
financial  condition  or  income  of the  Company,  except  as set  forth in the
Offering Materials.

        D. At Closing,  May Davis  shall  receive a  certificate  of the Company
signed by an  executive  officer and chief  financial  officer,  dated as of the
applicable  Closing, to the effect that the conditions set forth in subparagraph
(C) above  have been  satisfied  and that,  as of the  applicable  closing,  the
representations  and  warranties  of the Company  set forth  herein are true and
correct.

                                       10
<PAGE>

        9.     TERMINATION.
               -----------
        This Agreement  shall be  co-terminus  with, and terminate upon the same
terms and conditions as those set forth in, the Securities  Purchase  Agreement.
The  rights  of the  Investor  and the  obligations  of the  Company  under  the
Registration  Rights Agreement,  and the rights of May Davis and the obligations
of the Company shall survive the termination of this Agreement unabridged.

        10.    MISCELLANEOUS.
               -------------

        A. This  Agreement  may be executed  in any number of  counterparts,
each of which shall be deemed to be an  original,  but all which shall be deemed
to be one and the same instrument.
        B. Any notice required or permitted to be given hereunder shall be given
in writing and shall be deemed  effective  when  deposited in the United  States
mail, postage prepaid, or when received if personally  delivered or faxed ( upon
confirmation of receipt received by the sending party), addressed as follows:

If to Placement Agent, to:        The May Davis Group, Inc.
                                  One World Trade Center
                                  New York, NY 10048
                                  Attention: Michael Jacobs
                                  Telephone: (212)775-7400
                                  Facsimile: (212) 775-8166

With Copy to:                     Butler Gonzalez LLP
                                  1000 Stuyvesant Avenue
                                  Union, NJ 07083
                                  Attention: David Gonzalez, Esq.
                                  Telephone: (908) 810-8588
                                  Facsimile: (908) 810-0973

If to the Company, to:            Nexland, Inc.
                                  1101 Brickell Avenue
                                  North Tower, 2nd Floor
                                  Miami, Florida 33131
                                  Attention:     Gregory S. Levine
                                                 President
                                  Telephone:     (305) 358-7771
                                  Facsimile:     (305) 358-3151

With a copy to:                   Kirkpatrick & Lockhart LLP
                                  201 South Biscayne Blvd. - Suite 2000
                                  Miami, Fl 33131
                                  Attention:     Clayton E. Parker, Esq.
                                  Telephone:     (305) 539-3300
                                  Facsimile:     (305) 358-7095

or to such other address of which written notice is given to the others.

                                       11
<PAGE>

        C. This  Agreement  shall be governed by and  construed  in all respects
under the laws of the State of New York,  without  reference  to its conflict of
laws rules or principles. Any suit, action, proceeding or litigation arising out
of or relating to this Agreement shall be brought and prosecuted in such federal
or state  court or courts  located  within the State of New York as  provided by
law.  The  parties  hereby  irrevocably  and  unconditionally   consent  to  the
jurisdiction  of each such court or courts  located within the State of New York
and to service of  process by  registered  or  certified  mail,  return  receipt
requested,  or by any other  manner  provided  by  applicable  law,  and  hereby
irrevocably and unconditionally  waive any right to claim that any suit, action,
proceeding  or litigation  so commenced  has been  commenced in an  inconvenient
forum.

        D. This Agreement and the other agreements referenced herein contain the
entire  understanding  between  the  parties  hereto and may not be  modified or
amended except by a writing duly signed by the party against whom enforcement of
the modification or amendment is sought.

        E. If  any  provision  of  this Agreement shall be held to be invalid or
unenforceable,  such invalidity or  unenforceability  shall not affect any other
provision of this Agreement.

                           [SIGNATURE PAGE TO FOLLOW]

                                       12
<PAGE>

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

                                            NEXLAND, INC.

                                            By: /s/ Gregory S. Levine
                                                -------------------------------
                                                  Name: Gregory S. Levine
                                                  Title:  President

                                            MAY DAVIS GROUP, INC.

                                            By: /s/ Michael Jacobs
                                                -------------------------------
                                                   Name: Michael Jacobs
                                                   Title: Managing DirectorExhibit 10.16
                                ESCROW AGREEMENT

        THIS ESCROW AGREEMENT (this  "AGREEMENT") is made and entered into as of
March 19, 2001, by Nexland,  Inc., a Delaware  Corporation (the "COMPANY");  The
May Davis Group, a Maryland corporation (the "PLACEMENT AGENT"); and First Union
National Bank, a national  banking  association,  as Escrow Agent hereunder (the
"ESCROW AGENT").

                                   BACKGROUND

               WHEREAS,  the Company and the Placement Agent have entered into a
Placement  Agent Agreement (the "PLACEMENT  AGENT  AGREEMENT"),  dated as of the
date  hereof,  pursuant  to  which  the  Company  proposes  to sell  convertible
debentures (the  "CONVERTIBLE  DEBENTURES")  which shall be convertible into the
Company's Common Stock, $0.0001 par value per share (the "COMMON STOCK"), at the
Purchase  Price,  as that term is defined in the Securities  Purchase  Agreement
dated the date hereof  between the Company and the Investors  named therein (the
"SECURITIES  PURCHASE  AGREEMENT").  The Securities  Purchase Agreement provides
that the  Investors  shall  deposit the purchase  amount in a segregated  escrow
account to be held by Escrow Agent in order to effectuate a disbursement  to the
Company  at a  closing  to be  held  as set  forth  in the  Securities  Purchase
Agreement (the "CLOSING").

               WHEREAS,  the  Placement  Agent  intends to sell the  Convertible
        Debentures as the Company's agent (the "OFFERING").

               WHEREAS,  Escrow Agent has agreed to accept,  hold,  and disburse
the funds deposited with it in accordance with the terms of this agreement.

               WHEREAS,  in order to establish the escrow of funds and to effect
the provisions of the  Securities  Purchase  Agreement,  the parties hereto have
entered into this Agreement.

        NOW THEREFORE, in consideration of the foregoing, it is hereby agreed as
follows:

1. DEFINITIONS.  The following terms shall have the following meanings when used
herein:

        a.  "ESCROW FUNDS" shall mean the funds deposited with Escrow Agent
pursuant to this Agreement.

<PAGE>

        b. "JOINT WRITTEN  DIRECTION" shall mean a written direction executed by
the Placement Agent and the Company  directing Escrow Agent to disburse all or a
portion  of the  Escrow  Funds or to take or  refrain  from  taking  any  action
pursuant to this Agreement.

        c. "ESCROW PERIOD" shall begin with the commencement of the Offering and
shall terminate upon the earlier to occur of the following dates:

        (i) The date upon which  Escrow Agent  confirms  that it has received in
the  Escrow  Account  all  of  the  proceeds  of the  sale  of  the  Convertible
Debentures;

        (ii) The expiration of twenty (20) days from the date of commencement of
the Offering  (unless extended by mutual written  agreement  between the Company
and the Placement Agent with a copy of such extension to Escrow Agent); or

        (iii) The date upon which a determination is made by the Company and the
Placement  Agent  to  terminate  the  Offering  prior  to the  sale  of all  the
Convertible Debentures.

During the Escrow  Period,  the Company and the  Placement  Agent are aware that
they are not entitled to any funds received into escrow and no amounts deposited
in the Escrow  Account shall become the property of the Company or the Placement
Agent or any other  entity,  or be  subject  to the debts of the  Company or the
Placement Agent or any other entity.

2.  APPOINTMENT OF AND ACCEPTANCE BY ESCROW AGENT.  The Placement  Agent and the
Company hereby appoint the Escrow Agent to serve as Escrow Agent hereunder.  The
Escrow Agent hereby accepts such  appointment and, upon receipt by wire transfer
of the Escrow Funds in accordance with Section 3 below,  agrees to hold,  invest
and disburse the Escrow Funds in accordance with this Agreement.

3.  CREATION OF ESCROW FUNDS. On or prior to the date of the commencement of the
Offering,  the parties shall  establish an escrow account with the Escrow Agent,
which  escrow  account  shall be entitled as follows:  Nexland,  Inc./May  Davis
Group,  Inc.  Escrow Account for the deposit of the Escrow Funds.  The Placement
Agent will instruct subscribers to wire funds to the account of the Escrow Agent
as follows:

Bank: First Union National Bank of New Jersey
Routing # 031201467

Account # 2020000659170
Name on Account: Butler Gonzalez LLP/First Union Escrow Account
Name on Sub-Account:  Nexland, Inc./May Davis Group, Inc.
                        Escrow account

Reference Sub-Account #  1402-01
Attn:   Robert Mercado (732) 452-3005
        Carmela Agugliaro (732) 452-3005
Only wire transfers shall be accepted.

                                       2
<PAGE>

4. DEPOSITS INTO THE ESCROW ACCOUNT.  The Placement Agent agrees that they shall
promptly  deliver all monies  received from  subscribers  for the payment of the
Convertible Debentures to the Escrow Agent for deposit in the Escrow Account.

5. DISBURSEMENTS FROM THE ESCROW ACCOUNT.
-----------------------------------------

        (a) At such time as Escrow Agent has collected and deposited instruments
of payment in the total amount of the Purchase Price , Escrow Agent shall notify
the Company and the Placement Agent. The Escrow Agent will continue to hold such
funds  until  Placement  Agent and  Company  execute a Joint  Written  Direction
directing  the Escrow Agent to disburse the Proceeds  pursuant to Joint  Written
Direction  signed by the Company and the Placement  Agent.  In  disbursing  such
funds, Escrow Agent is authorized to rely upon such Joint Written Direction from
Company and the Placement  Agent and may accept any  signatory  from the Company
listed  on the  signature  page to this  Agreement  and any  signature  from the
Placement Agentthat Escrow Agent already has on file.

        In the event the Escrow Agent does not receive the Escrow Funds from the
Investors  in the amount of the  Purchase  Price , the Escrow Agent shall notify
the Company and the Placement Agent.  Upon receipt of payment  instructions from
the Company and the Placement  Agent, the Escrow Agent shall disburse the Escrow
Funds to the Company or refund to each  subscriber  without  interest the amount
received  from each  Investor,  without  deduction,  penalty,  or expense to the
subscriber.  The purchase  money returned to each  subscriber  shall be free and
clear of any and all claims of the Company,  the Placement Agent or any of their
creditors.

        In the event  Escrow  Agent does  receive  the  Purchase  Price prior to
expiration of the Escrow  Period,  in no event will the Escrow Funds be released
to the Company until such amount is received by Escrow Agent in collected funds.
For purposes of this Agreement,  the term "collected funds" shall mean all funds
received by Escrow Agent which have cleared normal  banking  channels and are in
the form of cash.

6. COLLECTION PROCEDURE.  Escrow Agent is hereby authorized to forward each wire
for  collection  and,  upon  collection of the proceeds of each wire deposit the
collected proceeds in the Escrow Account.

        Any wires  returned  unpaid to Escrow  Agent  shall be  returned  to the
Placement Agent. In such cases, Escrow Agent will promptly notify the Company of
such return.

        If the Company rejects any  subscription  for which the Escrow Agent has
already  collected  funds,  Escrow Agent shall  promptly issue a refund check or
wire to the rejected  subscriber.  If the Company rejects any  subscription  for
which  Escrow  Agent  has  not  yet  collected   funds  but  has  submitted  the
subscriber's  wire for collection,  Escrow Agent shall promptly issue a check or
wire the amount of the subscriber's wire to the rejected subscriber after Escrow
Agent has cleared such funds.  If Escrow Agent has not yet  submitted a rejected

                                       3
<PAGE>

subscriber's  wire  for  collection,  Escrow  Agent  shall  promptly  remit  the
subscriber's wire directly to the subscriber.  The Company shall provide payment
instructions to Escrow Agent.

7. SUSPENSION OF  PERFORMANCE:  DISBURSEMENT  INTO COURT. If at any time,  there
shall exist any dispute between the Company and the Placement Agent with respect
to  holding or  disposition  of any  portion  of the  Escrow  Funds or any other
obligations of Escrow Agent hereunder,  or if at any time Escrow Agent is unable
to determine, to Escrow Agent's sole satisfaction, the proper disposition of any
portion of the Escrow Funds or Escrow Agent's proper actions with respect to its
obligations hereunder, or if the parties have not within thirty (30) days of the
furnishing  by Escrow  Agent of a notice of  resignation  pursuant  to Section 9
hereof,  appointed a successor Escrow Agent to act hereunder,  then Escrow Agent
may, in its sole discretion, take either or both of the following actions:

            a.   suspend the  performance of any of its  obligations  (including
                 without  limitation any  disbursement  obligations)  under this
                 Escrow  Agreement  until such dispute or  uncertainty  shall be
                 resolved to the sole  satisfaction  of Escrow  Agent or until a
                 successor Escrow Agent shall be appointed (as the case may be);
                 provided  however,  Escrow  Agent shall  continue to invest the
                 Escrow Funds in accordance with Section 8 hereof; and/or

            b.   petition  (by  means of an  interpleader  action  or any  other
                 appropriate method) any court of competent  jurisdiction in any
                 venue convenient to Escrow Agent, for instructions with respect
                 to such dispute or  uncertainty,  and to the extent required by
                 law,  pay into such  court,  for  holding  and  disposition  in
                 accordance with the  instructions of such court, all funds held
                 by it in the  Escrow  Funds,  after  deduction  and  payment to
                 Escrow  Agent of all fees and expenses  (including  court costs
                 and attorneys' fees) payable to, incurred by, or expected to be
                 incurred by Escrow Agent in connection with  performance of its
                 duties and the  exercise  of its rights  hereunder.

            c.   Escrow  Agent  shall  have no  liability  to the  Company,  the
                 Placement  Agent,  or any  person  with  respect  to  any  such
                 suspension  of   performance   or   disbursement   into  court,
                 specifically  including any liability or claimed liability that
                 may arise, or be alleged to have arisen,  out of or as a result
                 of any delay in the  disbursement  of funds  held in the Escrow
                 Funds or any delay in with respect to any other action required
                 or requested of Escrow Agent.

8. INVESTMENT OF ESCROW FUNDS.  Escrow Agent shall deposit the Escrow Funds in a
non-interest bearing money market account.

        If Escrow Agent has not received a Joint  Written  Direction at any time
that an investment  decision must be made,  Escrow Agent shall invest the Escrow
Funds, or such portion thereof,  as to which no Joint Written Direction has been
received,  in investments  described above. The foregoing  investments  shall be

                                       4
<PAGE>

made by Escrow Agent. Notwithstanding anything to the contrary contained, Escrow
Agent may, without notice to the parties, sell or liquidate any of the foregoing
investments at any time if the proceeds  thereof are required for any release of
funds permitted or required  hereunder,  and Escrow Agent shall not be liable or
responsible  for any  loss,  cost or  penalty  resulting  from any such  sale or
liquidation. With respect to any funds received by Escrow Agent for deposit into
the Escrow Funds or any Joint  Written  Direction  received by Escrow Agent with
respect to investment of any funds in the Escrow Funds after ten o'clock,  a.m.,
New Jersey  time,  Escrow Agent shall not be required to invest such funds or to
effect such  investment  instruction  until the next day upon which banks in New
Jersey are open for business.

9.  RESIGNATION  AND REMOVAL OF ESCROW  AGENT.  Escrow Agent may resign from the
performance  of its duties  hereunder  at any time by giving  thirty  (30) days'
prior written notice to the parties or may be removed, with or without cause, by
the parties,  acting jointly,  by furnishing a Joint Written Direction to Escrow
Agent,  at any time by the  giving of ten (10)  days'  prior  written  notice to
Escrow Agent as provided  herein below.  Upon any such notice of  resignation or
removal,  the  representatives of the Placement Agent and the Company identified
in Sections 13a. (iv) and 13b.  (iv),  below,  jointly shall appoint a successor
Escrow Agent hereunder, which shall be a commercial bank, trust company or other
financial  institution  with  a  combined  capital  and  surplus  in  excess  of
$10,000,000.00.  Upon the  acceptance  in writing of any  appointment  of Escrow
Agent hereunder by a successor  Escrow Agent,  such successor Escrow Agent shall
thereupon succeed to and become vested with all the rights,  powers,  privileges
and duties of the retiring Escrow Agent,  and the retiring Escrow Agent shall be
discharged  from its duties and  obligations  under this Escrow  Agreement,  but
shall not be  discharged  from any  liability  for actions taken as Escrow Agent
hereunder  prior  to  such   succession.   After  any  retiring  Escrow  Agent's
resignation or removal,  the provisions of this Escrow  Agreement shall inure to
its  benefit as to any  actions  taken or omitted to be taken by it while it was
Escrow  Agent under this  Escrow  Agreement.  The  retiring  Escrow  Agent shall
transmit all records pertaining to the Escrow Funds and shall pay all funds held
by it in the Escrow Funds to the successor Escrow Agent,  after making copies of
such records as the retiring  Escrow Agent deems  advisable and after  deduction
and payment to the retiring  Escrow  Agent of all fees and  expenses  (including
court costs and  attorneys'  fees)  payable to,  incurred  by, or expected to be
incurred by the retiring  Escrow Agent in connection with the performance of its
duties and the exercise of its rights hereunder.

10. LIABILITY OF ESCROW AGENT.
    --------------------------

    a. Escrow Agent shall have no liability  or  obligation  with respect to the
Escrow Funds except for Escrow Agent's willful  misconduct or gross  negligence.
Escrow Agent's sole responsibility shall be for the safekeeping, investment, and
disbursement of the Escrow Funds in accordance with the terms of this Agreement.
Escrow  Agent  shall  have no  implied  duties or  obligations  and shall not be
charged with knowledge or notice or any fact or  circumstance  not  specifically
set forth herein. Escrow Agent may rely upon any instrument,  not only as to its
due execution, validity and effectiveness, but also as to the truth and accuracy
of any  information  contained  therein,  which Escrow Agent shall in good faith

                                       5
<PAGE>

believe to be genuine, to have been signed or presented by the person or parties
purporting to sign the same and conform to the provisions of this Agreement.  In
no event shall Escrow Agent be liable for  incidental,  indirect,  special,  and
consequential or punitive  damages.  Escrow Agent shall not be obligated to take
any legal action or commence any proceeding in connection with the Escrow Funds,
any  account  in  which  Escrow  Funds  are  deposited,  this  Agreement  or the
Securities  Purchase  Agreement,  or to appear in,  prosecute or defend any such
legal action or proceeding.  Escrow Agent may consult legal counsel  selected by
it in any event of any  dispute or  question  as to  construction  of any of the
provisions hereof or of any other agreement or its duties hereunder, or relating
to any dispute  involving  any party  hereto,  and shall incur no liability  and
shall be fully indemnified from any liability whatsoever in acting in accordance
with the opinion or instructions of such counsel.  The Company and the Placement
Agent jointly and severally shall promptly pay, upon demand, the reasonable fees
and expenses of any such counsel.

        b. Escrow Agent is hereby authorized,  in its sole discretion, to comply
with orders  issued or process  entered by any court with  respect to the Escrow
Funds, without determination by Escrow Agent of such court's jurisdiction in the
matter. If any portion of the Escrow Funds is at any time attached, garnished or
levied upon under any court order, or in case the payment, assignment, transfer,
conveyance or delivery of any such  property  shall be stayed or enjoined by any
court  order,  or in any case any  order  judgment  or  decree  shall be made or
entered by any court  affecting  such property or any part thereof,  then and in
any such event, Escrow Agent is authorized, in its sole discretion, to rely upon
and comply with any such order,  writ  judgment or decree which it is advised by
legal counsel  selected by it,  binding upon it,  without the need for appeal or
other action; and if Escrow Agent complies with any such order,  writ,  judgment
or decree,  it shall not be liable to any of the parties  hereto or to any other
person or entity by reason of such  compliance  even  though  such  order,  writ
judgment or decree may be subsequently reversed,  modified,  annulled, set aside
or vacated.

11.  INDEMNIFICATION  OF ESCROW  AGENT.  From and at all times after the date of
this Agreement, the parties jointly and severally,  shall, to the fullest extent
permitted by law and to the extent provided herein,  indemnify and hold harmless
Escrow Agent and each director, officer, employee, attorney, agent and affiliate
of Escrow Agent  (collectively,  the "INDEMNIFIED  PARTIES") against any and all
actions, claims (whether or not valid), losses, damages, liabilities,  costs and
expenses  of  any  kind  or  nature  whatsoever  (including  without  limitation
reasonable  attorney's fees, costs and expenses) incurred by or asserted against
any of the Indemnified  Parties from and after the date hereof,  whether direct,
indirect or consequential, as a result of or arising from or in any way relating
to any claim,  demand,  suit,  action,  or proceeding  (including any inquiry or
investigation) by any person,  including without  limitation the parties to this
Agreement,  whether threatened or initiated,  asserting a claim for any legal or
equitable remedy against any person under any statute or regulation,  including,
but not limited to, any federal or state  securities  laws,  or under any common
law or equitable  cause or  otherwise,  arising from or in  connection  with the
negotiation,  preparation,  execution,  performance or failure of performance of
this Agreement or any transaction  contemplated herein,  whether or not any such

                                       6
<PAGE>

Indemnified  Party is a party  to any such  action  or  proceeding,  suit or the
target  of any  such  inquiry  or  investigation;  provided,  however,  that  no
Indemnified Party shall have the right to be indemnified hereunder for liability
finally determined by a court of competent  jurisdiction,  subject to no further
appeal, to have resulted from the gross negligence or willful misconduct of such
Indemnified  Party.  If any such  action or claim  shall be brought or  asserted
against any Indemnified  Party, such Indemnified Party shall promptly notify the
Company and the Placement  Agent  hereunder in writing,  and the Placement Agent
and the Company shall assume the defense  thereof,  including the  employment of
counsel and the payment of all expenses.  Such  Indemnified  Party shall, in its
sole discretion,  have the right to employ separate counsel (who may be selected
by such  Indemnified  Party in its sole  discretion)  in any such  action and to
participate and to participate in the defense thereof, and the fees and expenses
of such  counsel  shall  be paid by such  Indemnified  Party,  except  that  the
Placement  Agent  and/or  the  Company  shall be  required  to pay such fees and
expense if (a) the  Placement  Agent or the  Company  agree to pay such fees and
expenses, or (b) the Placement Agent and/or the Company shall fail to assume the
defense of such action or proceeding  or shall fail,  in the sole  discretion of
such  Indemnified  Party,  to  employ  counsel  reasonably  satisfactory  to the
Indemnified Party in any such action or proceeding,  (c) the Placement Agent and
the Company are the  plaintiff in any such action or proceeding or (d) the named
or potential parties to any such action or proceeding (including any potentially
impleaded  parties)  include both the Indemnified  Party, the Company and/or the
Placement  Agent and the  Indemnified  Party shall have been  advised by counsel
that there may be one or more legal defenses available to it which are different
from or additional to those available to the Company or the Placement Agent. The
Placement  Agent and the Company  shall be jointly and  severally  liable to pay
fees and expenses of counsel pursuant to the preceding sentence, except that any
obligation  to pay under  clause (a) shall apply only to the party so  agreeing.
All such fees and expenses  payable by the Company  and/or the  Placement  Agent
pursuant to the foregoing  sentence shall be paid from time to time as incurred,
both in advance of and after the final  disposition of such action or claim. The
obligations  of the parties under this section shall survive any  termination of
this  Agreement,  and  resignation  or  removal  of the  Escrow  Agent  shall be
independent of any obligation of Escrow Agent.

    The parties agree that neither payment by the Company or the Placement Agent
of any claim by Escrow Agent for indemnification  hereunder shall impair, limit,
modify,  or  affect,  as  between  the  Placement  Agent  and the  Company,  the
respective  rights and obligations of Placement  Agent, on the one hand, and the
Company, on the other hand, under the Placement Agent Agreement.

12.  EXPENSES  OF ESCROW  AGENT.  Except as set forth in Section 11 the  Company
shall reimburse Escrow Agent for all of its reasonable  out-of-pocket  expenses,
including attorneys' fees, travel expenses, telephone and facsimile transmission
costs, postage (including express mail and overnight delivery charges),  copying
charges and the like. All of the compensation and reimbursement  obligations set
forth in this  Section  shall be payable by the  Company,  upon demand by Escrow

                                       7
<PAGE>

Agent.  The  obligations  of the Company  under this Section  shall  survive any
termination of this Agreement and the resignation or removal of Escrow Agent.

13.     WARRANTIES.
        ----------

        a. Placement Agent makes the following representations and warranties to
Escrow Agent:

               (i)  Placement  Agent has full power and authority to execute and
               deliver  this Escrow  Agreement  and to perform  its  obligations
               hereunder.

               (ii)  This  Escrow  Agreement  has  been  duly  approved  by  all
               necessary  corporate  action of Placement  Agent,  including  any
               necessary  shareholder  approval,   has  been  executed  by  duly
               authorized  officers  of  the  Placement  Agent,  enforceable  in
               accordance with its terms.

               (iii) The execution,  delivery,  and performance of the Placement
               Agent of this Agreement will not violate, conflict with, or cause
               a default under the  certificate  of  incorporation  or bylaws of
               Placement  Agent,  any applicable  law or  regulation,  any court
               order or  administrative  ruling or degree to which the Placement
               Agent  is a  party  or any of its  property  is  subject,  or any
               agreement, contract, indenture, or other binding arrangement.

               (iv)  Michael  Jacobs  has  been  duly  appointed  to  act as the
               representative  of the  Placement  Agent  hereunder  and has full
               power and authority to execute,  deliver, and perform this Escrow
               Agreement, to execute and deliver any Joint Written Direction, to
               amend,  modify, or waive any provision of this Agreement,  and to
               take  any  and  all  other  actions  as  the  Placement   Agent's
               representative under this Agreement,  all without further consent
               or direction form, or notice to, the Placement Agent or any other
               party.

               (v) No party  other than the  parties  hereto  and the  Investors
               have, or shall have, any lien, claim or security  interest in the
               Escrow Funds or any part thereof.  No financing  statement  under
               the  Uniform  Commercial  Code  is on  file  in any  jurisdiction
               claiming  a  security   interest   in  or   describing   (whether
               specifically or generally) the Escrow Funds or any part thereof.

               (vi) All of the  representations  and warranties of the Placement
               Agent  contained  herein  are  true and  complete  as of the date

                                       8
<PAGE>

               hereof  and  will  be  true  and  complete  at  the  time  of any
               disbursement from the Escrow Funds.

        b. The Company makes the  following  representations  and  warranties to
Escrow Agent:

               (i)  The  Company  is  a  corporation  duly  organized,   validly
               existing,  and in good  standing  under  the laws of the State of
               Delaware and has full power and  authority to execute and deliver
               this Escrow Agreement and to perform its obligations hereunder.

               (ii)  This  Escrow  Agreement  has  been  duly  approved  by  all
               necessary   corporate  action  of  the  Company,   including  any
               necessary  shareholder  approval,   has  been  executed  by  duly
               authorized  officers of the Company,  enforceable  in  accordance
               with its terms.

               (iii) The execution,  delivery, and performance by the Company of
               this  Escrow   Agreement  is  in  accordance  with  the  Purchase
               Agreement and will not violate, conflict with, or cause a default
               under the certificate of  incorporation or bylaws of the Company,
               any   applicable   law  or   regulation,   any  court   order  or
               administrative  ruling or decree to which the  Company is a party
               or any of its property is subject,  or any  agreement,  contract,
               indenture,  or  other  binding  arrangement,   including  without
               limitation to the Securities  Securities Purchase  Agreement,  to
               which the Company is a party.

               (iv)  Gregory  S.  Levine has been duly  appointed  to act as the
               representative  of the Company  hereunder  and has full power and
               authority to execute, deliver, and perform this Escrow Agreement,
               to execute  and deliver any Joint  Written  Direction,  to amend,
               modify or waive any  provision of this  Agreement and to take all
               other  actions  as  the  Company's   Representative   under  this
               Agreement,  all without  further  consent or direction  from,  or
               notice to, the Company or any other party.

               (v) No party  other than the  parties  hereto  and the  Investors
               have, or shall have, any lien, claim or security  interest in the
               Escrow Funds or any part thereof.  No financing  statement  under
               the  Uniform  Commercial  Code  is on  file  in any  jurisdiction
               claiming  a  security   interest   in  or   describing   (whether
               specifically or generally) the Escrow Funds or any part thereof.

               (vi) All of the  representations  and  warranties  of the Company
               contained  herein are true and complete as of the date hereof and

                                       9
<PAGE>

               will be true and  complete at the time of any  disbursement  from
               the Escrow Funds.

        14.  CONSENT  TO  JURISDICTION  AND  VENUE.  In the event that any party
hereto commences a lawsuit or other proceeding  relating to or arising from this
Agreement,  the parties  hereto agree that the United States  District Court for
the District of New Jersey shall have the sole and exclusive  jurisdiction  over
any  such   proceeding.   If  all  such  courts  lack  federal   subject  matter
jurisdiction,  the parties agree that the Superior Court Division of New Jersey,
Chancery  Division of Essex County shall have sole and  exclusive  jurisdiction.
Any of these  courts  shall be proper  venue for any such  lawsuit  or  judicial
proceeding and the parties hereto waive any objection to such venue. The parties
hereto consent to and agree to submit to the  jurisdiction  of any of the courts
specified  herein  and agree to accept the  service of process to vest  personal
jurisdiction over them in any of these courts.

        15. NOTICE. All notices and other  communications  hereunder shall be in
writing and shall be deemed to have been validly served, given or delivered five
(5) days after deposit in the United States mails, by certified mail with return
receipt requested and postage prepaid,  when delivered  personally,  one (1) day
delivered  to  any  overnight   courier,   or  when   transmitted  by  facsimile
transmission  and upon  confirmation of recipet and addressed to the party to be
notified as follows:

If to Placement Agent, to:        The May Davis Group, Inc.
                                  One World Trade Center
                                  New York, NY 10048
                                  Attention: Michael Jacobs
                                  Telephone: (212)775-7400
                                  Facsimile: (212) 775-8166

With Copy to:                     Butler Gonzalez LLP
                                  1000 Stuyvesant Avenue
                                  Union, NJ 07083
                                  Attention: David Gonzalez, Esq.
                                  Telephone: (908) 810-8588
                                  Facsimile: (908) 810-0973

If to the Company, to:            Nexland, Inc.
                                  1101 Brickell Avenue
                                  North Tower, 2nd Floor
                                  Miami, Florida 33131
                                  Attention:     Gregory S. Levine
                                                 President
                                  Telephone:     (305) 358-7771
                                  Facsimile:     (305) 358-3151

                                       10
<PAGE>

With a copy to:                   Kirkpatrick & Lockhart LLP
                                  201 South Biscayne Blvd. - Suite 2000
                                  Miami, Fl 33131
                                  Attention:     Clayton E. Parker, Esq.
                                  Telephone:     (305) 539-3300
                                  Facsimile:     (305) 358-7095

If to Escrow Agent, to:           First Union National Bank,
                                  407 Main Street
                                  Metuchen, NJ 08840
                                  Attention: Robert Mercado
                                             Carmela Agugliaro
                                  Telephone: (732) 452-3005

Or to such other address as each party may designate for itself by like notice.

16. AMENDMENTS OR WAIVER. This Agreement may be changed,  waived,  discharged or
terminated only by a writing signed by the parties hereto.  No delay or omission
by any party in  exercising  any right  with  respect  hereto  shall  operate as
waiver.  A waiver on any one  occasion  shall not be  construed  as a bar to, or
waiver of, any right or remedy on any future occasion.

17. SEVERABILITY. To the extent any provision of this Agreement is prohibited by
or invalid under  applicable  law, such  provision  shall be  ineffective to the
extent of such prohibition, or invalidity, without invalidating the remainder of
such provision or the remaining provisions of this Agreement.

18.  GOVERNING  LAW.  This  Agreement  shall be  construed  and  interpreted  in
accordance  with the  internal  laws of the State of New Jersey  without  giving
effect to the conflict of laws principles thereof.

19 ENTIRE AGREEMENT. This Agreement constitutes the entire Agreement between the
parties  relating to the holding,  investment,  and  disbursement  of the Escrow
Funds and sets forth in their entirety the  obligations and duties of the Escrow
Agent with respect to the Escrow Funds.

20.BINDING EFFECT.  All of the terms of this Agreement,  as amended from time to
time,  shall be binding upon,  inure to the benefit of and be enforceable by the
respective heirs, successors and assigns of the Placement Agent, the Company, or
the Escrow Agent.

                                       11
<PAGE>

21.  EXECUTION OF COUNTERPARTS.  This Agreement and any Joint Written  Direction
may be executed in counter parts,  which when so executed  shall  constitute one
and same agreement or direction.

22.  TERMINATION.  Upon the first to occur of the disbursement of all amounts in
the Escrow Funds pursuant to Joint Written Directions or the disbursement of all
amounts  in the  Escrow  Funds into  court  pursuant  to Section 7 hereof,  this
Agreement shall  terminate and Escrow Agent shall have no further  obligation or
liability whatsoever with respect to this Agreement or the Escrow Funds.

                   [REMAINDER OF PAGE INTENIONALLY LEFT BLANK]

                                       12
<PAGE>

        IN WITNESS  WHEREOF the parties have  hereunto set their hands and seals
the day and year above set forth.

                                    NEXLAND, INC.

                                    By: /s/ Gregory S. Levine
                                        ---------------------
                                            Name: Gregory S. Levine
                                            Title: President

                                    FIRST UNION NATIONAL BANK

                                    By: /s/ Robert Mercado
                                        ----------------------
                                            Name: Robert Mercado
                                            Title: As Escrow Agent

                                    THE MAY DAVIS GROUP, INC.

                                    By: /s/ Michael Jacobs
                                        ---------------------
                                            Name: Michael Jacobs
                                            Title: Managing Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}]]