Document:

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                                  EXHIBIT 10.21

                          REGISTRATION RIGHTS AGREEMENT

      THIS REGISTRATION RIGHTS AGREEMENT, dated as of December 29,1999 (this
"Agreement"), is made by and between IBIZ TECHNOLOGY CORP., a Florida
corporation, with headquarters located at 1919 West Lone Cactus, Phoenix,
Arizona 85027 (the "Company") and GLOBE UNITED HOLDINGS, INC., a British Virgin
Islands corporation, (the "Purchaser").

                                   WITNESSETH:

      WHEREAS, pursuant to a Securities Purchase Agreement, dated as of the date
hereof, among the Purchaser and the Company (the "Securities Purchase
Agreement"), the Company has agreed to issue and sell to the Purchaser, (i)
$1,000,000 aggregate principal amount of the Company's 7% Convertible Debentures
(the "Debentures") and (ii) warrants (the "Warrants") to purchase 200,000 shares
of the Company's Common Stock, par value $.001 per share (the "Common Stock");

      WHEREAS, pursuant to the terms of the Debentures and the Warrants, (i)
upon the conversion of the Debentures, (ii) in lieu of dividend payments on the
Debentures and (iii) upon exercise of the Warrants, the Company will, in each
case, issue to the Purchaser shares of Common Stock (such shares of Common Stock
are collectively referred to herein as the "Shares"); and

      WHEREAS, to induce the Purchasers to execute and deliver the Securities
Purchase Agreement, the Company has agreed to provide certain registration
rights under the Securities Act of 1933, as amended (the "Securities Act"), and
applicable state securities laws.

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

      1. DEFINITIONS.

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

                   (a) "Effectiveness Deadline" shall have the meaning set forth
in section 2(a)(i) hereof.
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                  (b) "Filing Deadline" shall have the meaning set forth in
Section 2(a)(i) hereof.

                  (c) "Registration Statement" means a registration statement or
registration statements of the Company filed under the Securities Act covering
Registrable Securities relating to the Debentures and Warrants.

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

                   (e) "Registrable Securities" means the Shares.

      Capitalized terms used herein and not otherwise defined herein shall have
the meanings set forth in the Securities Purchase Agreement.

      2. REGISTRATION.

             (a)   MANDATORY REGISTRATIONS.

                   (i) Registration Statement. The Company shall prepare, as
soon as practicable, but in no event later than 45 days after the Closing Date
(as defined in the Securities Purchase Agreement) (the "Filing Deadline"), file
with the Commission a Registration Statement or Registration Statements (as
necessary) on Form SB-2, covering the resale of all of the Registrable
Securities. In the event that Form SB-2 is unavailable and/or inappropriate for
such a registration, the Company shall use such other form as is available and
appropriate for such a registration. Any Registration Statement prepared
pursuant hereto shall register for resale at least that number of shares of
Common Stock equal to the product of (x) 2.0 and, (y) the sum of (i) the maximum
number of Shares that are issuable upon conversion of the Debentures, on the
date of filing, and (ii) the maximum number of Shares issuable upon exercise of
the Warrants, in each case, without regard to any limitation on any holder's
ability to convert any of the Warrants or the Debentures. Such Registration
Statement shall state that, in accordance with Rule 416 under the Securities
Act, it also covers such indeterminate number of additional Shares as may become
issuable upon conversion of such Debentures or exercise of such Warrants (i)
resulting from any adjustment in the applicable Conversion Price of such
Debentures or the Exercise Price of such Warrants or (ii) to prevent dilution
resulting from stock splits or stock dividends. If at any time two (2.0) times
the sum of (i) the maximum number of Shares into which the Debentures may be
converted and (ii) the maximum number of Shares issuable upon exercise of the
Warrants, exceeds the total number of Shares so registered, the Company shall,
within five (5) business days after receipt of a written

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notice from the Purchaser, either (i) amend the Registration Statement or
Registration Statements filed by the Company pursuant to this section, if such
Registration Statement has not been declared effective by the Commission at that
time, to register all of the Shares into which the Debentures and the Warrants
may be converted, or (ii) if such Registration Statement has been declared
effective by the Commission at that time, file with the Commission an additional
Registration Statement on Form SB-2, or such other appropriate form, to register
the number of Shares into which the Debentures may be converted that exceed the
number of Shares already registered. The Company shall use its best efforts to
have the Registration Statement declared effective within the earliest to occur
of (i) ninety (90) days following the Closing Date (ii) if the Commission elects
not to conduct a review of the Registration Statement, the date which is three
(3) business days after the date upon which either the Company or its counsel is
so notified, whether orally or in writing that the Commission will not conduct a
review of such Registration Statement; or (iii) if the Registration Statement is
reviewed by the Commission, the date which is three (3) business days after the
date upon which the Company or its counsel is notified by the Commission,
whether orally or in writing, that the Commission has no further comments with
respect to the Registration Statement or that the Registration Statement may be
declared effective (the earliest of such dates is referred to herein as the
"Effectiveness Deadline.") Notwithstanding anything to the contrary contained
herein or in any of the Securities Purchase Agreement, the Debentures or the
Warrants (collectively, the "Primary Documents"), the Company shall take all
action necessary to ensure that the Registration Statement includes only the
Registrable Securities and those securities set forth on Schedule 1 hereto.

                   (ii) The Company shall keep each Registration Statement
effective pursuant to Rule 415 at all times until such date as is the earlier of
(i) the date on which all of the Registrable Securities have been sold and (ii)
the date on which the Registrable Securities (in the opinion of counsel to the
Purchaser) may be immediately sold without restriction (including without
limitation as to volume by each holder thereof) without registration under the
Securities Act (the "Registration Period").

             (b) PAYMENTS BY THE COMPANY.

                   (i) (A) If the Registration Statement covering the
Registrable Securities is not filed with the Commission on or prior to the
Filing Deadline, (B) if the Registration Statement covering the Registrable
Securities is not effective on or prior to the Effectiveness Deadline, (C) if
the number of Shares listed for trading on the OTC Bulletin Board or reserved by
the Company for issuance shall be insufficient, for any period of five (5)
consecutive days at any time after the Effectiveness Deadline, for issuance upon
the conversion of the Debentures and the exercise of the Warrants, or (D) upon
the occurrence of a Blackout Event (as described in Section 3(f) or Section 3(g)
below), for any period of five (5) consecutive days at any time after the
Effectiveness Deadline (each of the events

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described in clauses (A) through (D) of this paragraph are referred to herein as
a "Registration Default"), the Company will make payments to the Purchaser in
such amounts and at such times as shall be determined pursuant to this Section
2(b).

                   (ii) The amount (the "Periodic Amount") to be paid by the
Company to the Purchaser as of each thirty (30) day period during which a
Registration Default shall be in effect (each such period, a "Default Period")
shall be equal to two percent of the purchase price paid by such Purchaser for
all of the Debentures and Warrants (the "Purchase Price"); provided that, with
respect to any Default Period during which the relevant Registration Defaults
shall have been cured, the Periodic Amount shall be pro rated for the number of
days during such period during which the Registration Defaults were pending; and
provided, further, that the payment of such Periodic Amounts shall not relieve
the Company from its continuing obligations to register the Warrants and Shares
pursuant to Section 2(a).

                  (iii) Each Periodic Amount shall be payable by the Company in
cash or other immediately available funds to the Purchaser monthly, without
demand therefor by the Purchaser.

                  (iv) The parties acknowledge that the damages which may be
incurred by the Purchaser if the Registration Statement is not filed by the
Filing Deadline, if the Registration Statement has not been declared effective
by the Effectiveness Deadline, or if the provisions of Section 3(e) or 3(f)
become applicable, may be difficult to ascertain. The parties agree that the
Periodic Amount represents a reasonable estimate on the part of the parties, as
of the date of this Agreement, of the amount of such damages.

            (c) PIGGYBACK REGISTRATION. (i) If at any time or from time to time,
the Company shall determine to register any of its securities, for its own
account or the account of any of its shareholders, other than a Registration
relating solely to employee share option plans or pursuant to an acquisition
transaction on Form S-4, the Company will:

                        (A)   provide to the Purchaser written notice thereof as
soon as practicable prior to filing the Registration Statement; and

                        (B)   include in such Registration Statement and in any
underwriting involved therein, all of the Registrable Securities specified in a
written request by the Purchaser made within fifteen (15) days after receipt of
such written notice from the Company.

                  (ii) If the Registration is for a registered public offering
involving an underwriting, the Company shall so advise the Purchaser as a part
of the written notice given pursuant to this Section. In such event, the rights
of the Purchaser hereunder shall include participation in such underwriting and
the inclusion

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of the Registrable Securities in the underwriting to the extent provided herein.
To the extent that the Purchaser proposes to distribute its securities through
such underwriting, the Purchaser shall (together with the Company and any other
security holders of the Company distributing their securities through such
underwriting) enter into an underwriting agreement in customary form with the
underwriter or underwriters selected for such underwriting by the Company.
Notwithstanding any other provision of this Section, if the managing underwriter
of such underwriting determines that marketing factors require a limitation of
the number of shares to be offered in connection with such underwriting, the
managing underwriter may limit the number of Registrable Securities to be
included in the Registration and underwriting (provided, however, (a) the
Registrable Securities shall not be excluded from such underwritten offering
prior to any securities held by officers and directors of the Company or their
affiliates, (b) the Registrable Securities shall be entitled to at least the
same priority in an underwritten offering as any of the Company's existing
security holders, and (c) the Company shall not enter into any agreement that
would provide any security holder with priority in connection with an
underwritten offering greater than the priority granted to the Purchaser
hereunder). The Company shall so advise any of its other security holders who
are distributing their securities through such underwriting pursuant to their
respective piggyback registration rights, and the number of shares of
Registrable Securities and other securities that may be included in the
registration and underwriting shall be allocated among the Purchaser and all
other security holders of the Company in proportion, as nearly as practicable,
to the respective amounts of Registrable Securities held by the Purchaser and
such other security holders at the time of the filing of the registration
statement. If the Purchaser disapproves of the terms of any such underwriting,
it may elect to withdraw therefrom by written notice to the Company. Any
Registrable Securities so excluded or withdrawn from such underwriting shall be
withdrawn from such Registration.

            (d) INTENTIONALLY OMITTED.

            (e) PRIORITY IN FILING. Subject to the terms of the Securities
Purchase Agreement, from the date hereof until 180 days following the effective
date of the Registration Statement pursuant to Section 2(a) of this Agreement,
the Company shall not permit the registration of any of its securities under the
Securities Act to become effective, other than those covered by this Agreement
and that certain Registration Rights Agreement dated as of November 9, 1999
between Globe United Holdings, Inc. and the Company, without the prior written
approval of the Purchaser. The foregoing notwithstanding, the Company may permit
a registration statement to become effective during the foregoing period
provided that such registration statement relates to a firm commitment
underwritten offering of the Company's securities that provides the Company with
at least $7.5 million.

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

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            (a) Prepare and file with the Commission the registration statements
required by Section 2 of this Agreement and such amendments (including
post-effective amendments) and supplements to the Registration Statement and the
prospectuses used in connection with the Registration Statement, each in such
form as to which the Purchaser and its counsel shall not have objected, as may
be necessary to keep the Registration current at all times during the
Registration Period, and, during the Registration Period, comply with the
provisions of the Securities Act with respect to the disposition of all of the
Registrable Securities until such time as all of such Registrable Securities
have been disposed of in accordance with the intended methods of disposition by
the seller or sellers thereof as set forth in the Registration Statement;

            (b) Furnish to the Purchaser, if the Registrable Securities of the
Purchaser are included in the Registration Statement, and its legal counsel
identified to the Company, promptly after the same is prepared and publicly
distributed, filed with the Commission, or received by the Company, a copy of
the Registration Statement, each preliminary prospectus, each final prospectus,
and all amendments and supplements thereto and such other documents, as the
Purchaser may reasonably request in order to facilitate the disposition of its
Registrable Securities;

            (c) As soon as practicable, furnish to the Purchaser and its counsel
copies of any correspondence between the Company and the Commission with respect
to any registration statement or amendment or supplement thereto filed pursuant
to this Agreement;

            (d) Use all best efforts to (i) register and qualify the Registrable
Securities covered by the Registration Statement under such other securities or
blue sky laws of such jurisdictions as the Purchaser may request, (ii) prepare
and file in those jurisdictions such amendments (including post-effective
amendments) and supplements to such registrations and qualifications as may be
necessary to maintain the effectiveness thereof at all times during the
Registration Period, (iii) take such other actions as may be necessary to
maintain such registrations and qualifications in effect at all times during the
Registration Period and (iv) take all other actions necessary or advisable to
qualify the Registrable Securities for sale in such jurisdictions;

            (e) List such securities on the OTC Bulletin Board and all the other
national securities exchanges on which any securities of the Company are then
listed, and file any filings required by the OTC Bulletin Board and/or such
other exchanges;

            (f) As promptly as practicable after becoming aware of such event,
notify each Purchaser of the occurrence of any event of which the Company has
knowledge, as a result of which the prospectus included in the Registration
Statement, as then in effect, includes an untrue statement of a material fact or
omits to state a material fact required to be stated therein in order to make
the statements therein, in light of the circumstances under which they were
made, not misleading, and to use its

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best efforts to promptly prepare a supplement or amendment to the Registration
Statement or other appropriate filing with the Commission to correct such untrue
statement of omission, and to deliver a number of copies of such supplement or
amendment to the Purchaser as the Purchaser may reasonably request;

            (g) As promptly as practicable after becoming aware of such event,
notify the Purchaser who holds Registrable Securities being sold (or, in the
event of an underwritten offering, the underwriters) of the issuance by the
Commission or any stop order or other suspension of the effectiveness of the
Registration Statement at the earliest possible time, and to use its best
efforts to promptly obtain the withdrawal of such stop order or other suspension
of effectiveness;

            (h) As promptly as practicable after becoming aware of such event,
notify each Purchaser who holds Registrable Securities being sold (or, in the
event of an underwritten offering, the managing underwriters) of the issuance by
the Commission or any stop order or other suspension of the effectiveness of the
Registration Statement at the earliest possible time, and to use its best
efforts to promptly obtain the withdrawal of such stop order or other suspension
of effectiveness (the occurrence of any of the events described in paragraphs
(f) and (g) of this Section 3 is referred to herein as a "Blackout Event");

            (i) During the period commencing upon (i) the Purchaser's receipt of
a notification pursuant to Section 3(f) above, or (ii) the entry of a stop order
or other suspension of effectiveness of the Registration Statement described in
Section 2(a) above, and ending at such time as (y) the Company shall have
completed the applicable filings (and if applicable, such filings shall have
been declared effective) and shall have delivered to the Purchaser the documents
required pursuant to Section 3(e) above, or (z), such stop order or other
suspension of the effectiveness of the Registration Statement shall have been
removed, the Company shall be liable to remit the payments required to be paid
pursuant to Section 2(b) above;

            (j) If the offering is underwritten, at the request of a Purchaser,
to furnish on the date that Registrable Securities are delivered to the
underwriters for sale pursuant to such registration: (i) an opinion dated such
date of counsel representing the Company for the purposes of such registration,
addressed to the underwriters and to any Purchaser selling Registrable
Securities in connection with such underwriting, stating that such registration
statement has become effective under the Securities Act and that (A) to the best
knowledge of such counsel, no stop order suspending the effectiveness thereof
has been issued and no proceedings for that purpose have been instituted or are
pending or contemplated under the Securities Act and (B) the registration
statement, the related prospectus and each amendment or supplement thereof
comply as to form in all material respects with the requirements of the
Securities Act (except that such counsel need not express any opinion as to
financial statements or other financial data contained therein) and (ii) a
letter dated such date from the Company's independent public accountants
addressed to the

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underwriters and to such Purchasers, stating that they are independent public
accountants within the meaning of the Securities Act and that, in the opinion of
such accountants, the financial statements of the Company included in the
registration statement or the prospectus, or any amendment or supplement
thereof, comply as to form in all material respects with the applicable
accounting requirements of the Securities Act, and such letter shall
additionally cover such other financial matters (including information as to the
period ending no more than five (5) business days prior to the date of such
letter) with respect to such registration as such underwriters may reasonably
request; and

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

      4. OBLIGATIONS OF THE PURCHASER. In connection with the registration of
the Registrable Securities, the Purchaser shall furnish to the Company such
information regarding itself, the Warrants and Registrable Securities held by
it, and the intended method of disposition of the Warrants and the Registrable
Securities held by it, as shall be reasonably required to effect the
registration of such Warrants and such Registrable Securities, and the Purchaser
shall execute such documents in connection with such registration as the Company
may reasonably request. At least five (5) days prior to the first anticipated
filing date of the Registration Statement, the Company shall notify the
Purchaser of the information the Company included in the Registration Statement.

      5. EXPENSES OF REGISTRATION. All expenses, other than underwriting
discounts and commissions and other fees and expenses of investment bankers and
other than brokerage commissions, incurred in connection with registrations,
filings or qualifications pursuant to Section 3, but including, without
limitation, all registration, listing, and qualification fees, printing and
accounting fees, and the fees and disbursements of counsel for the Company.

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

            (a) The Company will indemnify and hold harmless the Purchaser, each
of its officers, directors and shareholders, and each person, if any, who
controls the Purchaser within the meaning of the Securities Act or the Exchange
Act (each, an

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"Indemnified Person"), against any losses, claims, damages, liabilities or
expenses joint or several) incurred (collectively, "Claims") to which any of
them may become subject under the Securities Act, the Exchange Act or otherwise,
insofar as such Claims (or actions or proceedings, whether commenced or
threatened, in respect thereof) arise out of or are based upon: (i) any untrue
statement or alleged untrue statement of a material fact contained in the
Registration Statement or any post-effective amendment thereof or the omission
or alleged omission to state therein a material fact required to be stated
therein or necessary in order to make the statements therein, in light of the
circumstances in which they were made, not misleading, (ii) any untrue statement
or alleged untrue statement of a material fact contained in any preliminary
prospectus if used prior to the effective date of such Registration Statement,
or contained in the final prospectus (as amended or supplemented, if the Company
files any amendment thereof or supplement thereto with the Commission) or the
omission to state therein any material fact necessary in order to make the
statements made therein, in light of the circumstances under which they were
made, not misleading, or (iii) any violation or alleged violation by the Company
of the Securities Act, the Exchange Act, any state or foreign securities law or
any rule or regulation under the Securities Act, the Exchange Act or any state
or foreign securities law (the matters in foregoing clauses (i) through (iii)
being, collectively, "Violations"). The Company shall, subject to the provisions
of Section 6(b) below, reimburse the Purchaser, promptly as such expenses are
incurred and are due and payable, for any legal and other costs, expenses and
disbursements in giving testimony or furnishing documents in response to a
subpoena or otherwise, including without limitation, the costs, expenses and
disbursements, as and when incurred, of investigating, preparing or defending
any such action, suit, proceeding or investigation (whether or not in connection
with litigation in which the Purchaser is a party), incurred by it in connection
with the investigation or defense of any such Claim. Notwithstanding anything to
the contrary contained herein, the indemnification agreement contained in this
Section 6(a) shall not (i) apply to any Claim arising out of or based upon a
modification which occurs in reliance upon and in conformity with information
furnished in writing to the Company by or on behalf of any Indemnified Person
expressly for use in connection with the preparation of the Registration
Statement or any such amendment thereof or supplement thereto; (ii) with respect
to any preliminary prospectus, inure to the benefit of any such person from whom
the person asserting any such Claim purchased the Registrable Securities that
are the subject thereof (or to the benefit of any person controlling such
person) if the untrue statement or omission of material fact contained in the
preliminary prospectus was corrected in the final prospectus, as then amended or
supplemented, if such final prospectus was timely made available by the Company
pursuant to Section 3(b) hereof; (iii) be available to the extent that such
Claim is based upon a failure of the Purchaser to deliver or to cause to be
delivered the prospectus made available by the Company, if such prospectus was
timely made available by the Company pursuant to Section 3(b) hereof; or (iv)
apply to amounts paid in settlement of any Claim if such settlement is effected
without the prior written consent of the Company, which consent shall not be
unreasonably withheld. Such indemnity shall remain in full force

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and effect regardless of any investigation made by or on behalf of the
Indemnified Person and shall survive the transfer of the Registrable Securities
by the Purchaser pursuant to Section 9. Each Purchaser will indemnify the
Company and its officers and directors against any Claims arising out of or
based upon a Violation which occurs in reliance upon and in conformity with
information furnished in writing to the Company, by or on behalf of the
Purchaser, expressly for use in connection with the preparation of the
Registration Statement, subject to such limitations and conditions as are
applicable to the Indemnification provided by the Company in this Section 6.

            (b) Promptly after receipt by an Indemnified Person under this
Section 6 of notice of the commencement of any action (including any
governmental action), such Indemnified Person shall, if a Claim in respect
thereof is to be made against any indemnifying party under this Section 6,
deliver to the indemnifying party a written notice of the commencement thereof,
and the indemnifying party shall have the right to participate in, and to the
extent that the indemnifying party so desires, jointly with any other
indemnifying party similarly notified, to assume control of the defense thereof
with counsel mutually satisfactory to the indemnifying party and the Indemnified
Person, provided, however, that an Indemnified Person shall have the right to
retain its own counsel with the reasonable fees and expenses to be paid by the
indemnifying party, if, in the reasonable opinion of counsel retained by the
indemnifying party, the representation by such counsel of the Indemnified Person
and the indemnifying party would be inappropriate due to actual or potential
differing interests between such Indemnified Person and any other party
represented by such counsel in such proceeding. In such event, the Company shall
pay for only one separate legal counsel for the Purchaser, and such legal
counsel shall be selected by the Purchaser. The failure to deliver written
notice to an indemnifying party within a reasonable time after the commencement
of any such action shall not relieve such indemnifying party of any liability to
the Indemnified Person under this Section 6, except to the extent that the
indemnifying party is materially prejudiced in its ability to such action. The
indemnification required by this Section 6 shall be made by periodic payments of
the amount thereof during the course of the investigation or defense, as such
expense, loss, damage or liability is incurred and is due and payable.

            (c) No indemnifying party, in the defense of any such claim or
litigation, shall, except with the consent of each Indemnified Party, consent to
entry of any judgment or enter into any settlement which does not include as an
unconditional term thereof the giving by the claimant or plaintiff to such
Indemnified Person of an unconditional and irrevocable release from all
liability in respect of such claim or litigation.

             (d) Notwithstanding the foregoing, to the extent that any
provisions relating to indemnification or contribution contained in the
underwriting agreements entered into among the Company, the underwriters and the
Purchaser in connection with the underwritten public offering are in conflict
with the foregoing provisions, the provisions in such underwriting agreements
shall be controlling as to the Registrable

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Securities included in the public offering; provided, however, that if, as a
result of this Section 6(d), the Purchaser, its officers, directors, partners or
any person controlling the Purchaser is or are held liable with respect to any
Claim for which they would be entitled to indemnification hereunder but for this
Section 6(d) in an amount which exceeds the aggregate proceeds received by the
Purchaser from the sale of Registrable Securities included in a registration
pursuant to such underwriting agreement (the "Excess Liability"), the Company
shall reimburse the Purchaser for such Excess Liability.

       7. CONTRIBUTION. To the extent any indemnification by an indemnifying
party is prohibited or limited under applicable law, the indemnifying party
agrees to contribute to the amount paid or payable by such indemnified party as
a result of such loss, claim, damage, liability or expense in such proportion as
is appropriate to reflect the relative fault of the indemnifying party on the
one hand and the Indemnified Person on the other hand in connection with the
statements or omissions which resulted in such Claim, as well as any other
relevant equitable considerations. The relative fault of the indemnifying party
and the Indemnified Person shall be determined by reference to, among other
things, whether the untrue statement of a material fact or the omission to state
a material fact on which such Claim is based relates to information supplied by
the indemnifying party or by the Indemnified Person, and the parties' relative
intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission. Notwithstanding the forgoing, (a) no contribution
shall be made under circumstances where the payor would not have been liable for
indemnification under the fault standards set forth in Section 6, (b) no seller
of Registrable Securities guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any seller of Registrable Securities who was not guilty of
such fraudulent misrepresentation and (c) contribution by any seller of
Registrable Securities shall be limited in amount to the net proceeds received
by such seller from the sale of such Registrable Securities. The Company and the
Purchaser agree that it would not be just and equitable if contribution pursuant
to this Section 7 were determined by pro-rata allocation (even if the Purchaser
and any other party were treated as one entity for such purpose) or by any other
method of allocation that does not take account of the equitable considerations
referred to in this Section.

       8. REPORTS UNDER EXCHANGE ACT.

             With a view to making available to the Purchaser the benefits of
 Rule 144 promulgated under the Securities Act or any other similar rule or
 regulation of the Commission that may at any time permit the Purchaser to sell
 securities of the Company to the public without registration ("Rule 144"), the
 Company agrees to:

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

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

                   (iii) furnish to the Purchaser so long as the Purchaser owns
Registrable Securities, Debentures or Warrants promptly upon request, (i) a
written statement by the Company that it has complied with the reporting
requirements of the Securities Act and the Exchange Act, (ii) a copy of the most
recent annual or periodic report of the Company and such other reports and
documents so filed by the Company and (iii) such other information as may be
reasonably requested to permit the Purchaser to sell such securities pursuant to
Rule 144 without registration.

       9. ASSIGNMENT OF THE REGISTRATION RIGHTS. The rights to have the Company
register Registrable Securities pursuant to this Agreement shall be
automatically assigned by Purchaser to any transferee of all or any portion of
the principal amount of Debentures or the Warrants, or the underlying Common
Stock held by Purchaser (collectively, the "Securities") if: (a) Purchaser
agrees in writing with the transferee or assignee to assign such rights, and a
copy of such agreement is furnished to the Company within a reasonable time
after such assignment; (b) the Company is, within a reasonable time after such
transfer or assignment, furnished with written notice of the name and address of
such transferee or assignee; (c) at or before the time the Company receives the
written notice contemplated by clause (b) of this sentence, the transferee or
assignee agrees in writing with the Company to be bound by all of the provisions
contained herein; and (d) the transfer of the relevant Securities complies with
the restrictions set forth in Section 4 of the Securities Purchase Agreement.

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

       11. MISCELLANEOUS.

            (a) A person or entity is deemed to be a holder of Warrants or
Registrable Securities whenever such person or entity owns of record such
Warrants or Registrable Securities. If the Company receives conflicting
instructions, notices or elections from two or more persons or entities with
respect to the same Warrants or Registrable Securities, the Company shall act
upon the basis of the instructions, notice or election received from the
registered owner of such Warrants or Registrable Securities.

                                       12
<PAGE>   13
            (b) Any notice required or permitted hereunder shall be given in
writing (unless otherwise specified herein) and shall be effective upon personal
delivery, via facsimile (upon receipt of confirmation of error-free
transmission) or two business days following deposit of such notice with an
internationally recognized courier service, with postage prepaid and addressed
to each of the other parties thereunto entitled at the following addresses, or
at such other addresses as a party may designate by ten (10) days advance
written notice to each of the other parties hereto.

COMPANY:                 iBIZ TECHNOLOGY CORP.
                         1919 West Lone Cactus
                         Phoenix, Arizona 85027
                         ATTN: Kenneth Schilling
                         Tel.: 623-492-9200
                         Fax: 623-492-9921

                         WITH COPIES TO:

                         Gammage & Burnham
                         2 North Central Avenue
                         Phoenix, Arizona 85004
                         ATTN: Steven Boatwright, Esq.
                         Tel.: 602-256-4439
                         Fax: 602-256-4475

PURCHASER:               Globe United Holdings, Inc.
                         Akara Building
                         Wickhams Cay #1
                         Road Town Tortola
                         British Virgin Islands

WITH COPIES TO:

                   Laufer Halberstarn & Karish, P.C.
                   39 Broadway, 14th Floor
                   New York, New York 10006
                   ATTN: Michael J.  Halberstam, Esq.
                   Tel.:  (212) 422-8500
                   Fax:  (212) 422-9038

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

                        (d) This Agreement shall be governed by and interpreted
in accordance with the laws of the State of New York, except for

                                       13
<PAGE>   14
provisions with respect to internal corporate matters of the Company which shall
be governed by the corporate laws of the State of Florida. Each of the parties
consents to the jurisdiction of the federal courts whose districts encompass any
part of the City of New York or the state courts of the State of New York
sitting in the City of New York in connection with any dispute arising under
this Agreement and hereby waives, to the maximum extent permitted by law, any
objection, including any objection based on forum non conveniens, to the
bringing of any such proceeding in such jurisdictions. This Agreement may be
signed in one or more counterparts, each of which shall be deemed an original.
The headings of this Agreement are for convenience of reference and shall not
form part of, or affect the interpretation of, this Agreement. If any provision
of this Agreement shall be invalid or unenforceable in any jurisdiction, such
validity or unenforceability shall not affect the validity or enforceability of
the remainder of this Agreement or the validity or enforceability of this
Agreement in any other jurisdiction. Subject to the provisions of Section 10
hereof, this Agreement may be amended only by an instrument in writing signed by
the party to be charged with enforcement. This Agreement supersedes all prior
agreements and understandings among the parties hereto with respect to the
subject matter hereof.

                        (e) This Agreement constitutes the entire agreement
among the parties hereto with respect to the subject matter hereof. This
Agreement supersedes all prior agreements and understandings among the parties
hereto with respect to the subject matter hereof.

                        (f) Subject to the requirements of Section 9 hereof,
this Agreement shall inure for the benefit of and be binding upon the successors
and assigns of each of the parties hereto.

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

                        (h) The Company acknowledges that any failure by the
Company to perform its obligations under Section 2(a), or any delay in such
performance could result in direct damages to the Purchaser, and the Company
agrees that, in addition to any other liability the Company may have by reason
of any such failure or delay, the Company shall be liable for all direct damages
caused by any such failure or delay. Nothing herein shall limit the Purchaser's
right to pursue any claim seeking such direct damages.

                                       14
<PAGE>   15
            IN WITNESS WHEREOF, this Agreement has been duly executed by the
undersigned.

                                    "COMPANY"

                                    iBIZ TECHNOLOGY CORP.

                                    By:_____________________________________
                                    Name:  Kenneth Schilling
                                    Title: President/CEO

            IN WITNESS WHEREOF, this Agreement has been duly executed by the
undersigned.

                                    "PURCHASER"

                                    GLOBE UNITED HOLDINGS, INC.

                                    By:_____________________________________
                                    Title:  Authorized Person

                                       15<PAGE>   1
                                  EXHIBIT 10.22

                     SUBSCRIPTION AGREEMENT FOR COMMON STOCK
                                       OF
                              iBIZ TECHNOLOGY CORP.

            This Subscription Agreement (this "Agreement") is made and entered
into as of this ___ day of January, 2000, by and between iBIZ Technology Corp. a
Florida corporation, and _______ (the "Purchaser")

            RECITALS:

            A. The Company and the Purchaser are executing and delivering this
Agreement in reliance upon the exemptions from registration provided by
Regulation D ("Regulation D") promulgated by the Securities and Exchange
Commission (the "Commission") under the Securities Act of 1933, as amended (the
"Securities Act"), and/or Section 4(2) of the Securities Act.

            B. The Purchaser wishes to purchase, and the Company wishes to issue
and sell 250,000 shares of the Company's Common Stock, $0.001 par value (the
"Common Stock" or "Shares") for an aggregate purchase price of $275,000 upon the
terms and conditions of this Agreement.

            THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as
follows:

            1. PURCHASE AND ISSUANCE OF SHARES. Upon execution of this
Agreement, the Company will, subject to the terms of this Agreement, issue and
sell to the Purchasers, and the Purchasers will purchase from the Company,
250,000 shares of the Common Stock, for a purchase price of $1.10 per share for
an aggregate purchase price of $275,000.

            2. DELIVERY OF CERTIFICATES. After delivery of the consideration set
forth in Section 1 by the Purchaser, the Company shall promptly deliver to the
Purchaser one or more certificates representing the Shares purchased by the
Purchaser. The certificates for the Common Stock will bear a notice referencing
certain restrictions on transfer for the purpose of complying with securities
laws and a notice referencing restrictions on transfer contemplated in Section 5
of this Agreement.

            3. REPRESENTATIONS, WARRANTIES AND COVENANTS OF PURCHASERS. The
Purchaser warrants and covenants to the Company as follows:

                  3.1 Investor Sophistication. The Purchaser is (i) experienced
      in making investments of the kind described in this Agreement; (ii) able,
      by

                                       16
<PAGE>   2
      reason of its business and financial experience, to protect its own
      interests in connection with the transactions described in this Agreement;
      and (iii) able to afford the entire loss of its investment in the Common
      Stock.

                  3.2 Subsequent Offers or Sales. All subsequent offers and
      sales of the Common Stock shall be made pursuant to an effective
      registration statement under the Securities Act or pursuant to an
      applicable exemption from such registration.

                  3.3 Reliance on Representations and Warranties. Purchaser
      understands that the Common Stock is being offered and sold in reliance
      upon exemptions from the registration requirements of the United States
      federal securities laws, and that the Company is relying upon the truth
      and accuracy of the Purchaser's representations and warranties, and the
      Purchaser's compliance with its agreements, each as set forth herein, in
      order to determine the availability of such exemptions and the eligibility
      of the Purchaser to acquire the Common Stock.

                  3.4 Access to Information. Purchaser (i) has been provided
      with sufficient information with respect to the business of the Company
      and such documents relating to the Company as the Purchaser has requested
      and the Purchaser has carefully reviewed the same including, without
      limitation, the Company's Form 10-SB, and all amendments thereto (the
      "Form 10") filed with the Securities and Exchange Commission on October
      13, 1999; (ii) has been provided with such additional information with
      respect to the Company and its business and financial condition as the
      Purchaser, or the Purchaser's agent or attorney, has requested; and (iii)
      has had access to management of the Company and the opportunity to discuss
      the information and any questions that the Purchaser had with respect
      thereto have been answered to the full satisfaction of the Purchaser.

                  3.5 Valid Authority; Enforceability. The Purchaser has the
      requisite corporate power and authority to enter into this Agreement. This
      Agreement has been duly and validly authorized by the Purchaser and when
      executed and delivered by the Purchaser will be a valid and binding
      agreement of the Purchaser, enforceable in accordance with its respective
      terms, except to the extent that enforcement may be limited by bankruptcy,
      insolvency, reorganization, moratorium, fraudulent conveyance or other
      similar laws now or hereafter in effect relating to creditors' rights
      generally and to general principles of equity.

                  3.6 Dilution. Purchaser is aware that its percentage ownership
      of Common Stock is subject to subsequent issuances as permitted by the
      Company's Articles of Incorporation and Bylaws, which could cause the
      percentage of outstanding shares held by the Purchaser to decrease.

                                       17
<PAGE>   3
            4. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE COMPANY. The
Company hereby represents, warrants and covenants to the Purchasers as follows:

                  4.1 Organization and Standing; Articles and Bylaws. The
      Company is a corporation duly organized, validly existing and in good
      standing under the laws of the State of Florida and has all requisite
      corporate power and authority to carry on its business as proposed to be
      conducted. Each of the Company's subsidiaries is a corporation duly
      organized, validly existing and in good standing under the laws of its
      respective jurisdiction. Each of the Company and its subsidiaries is duly
      qualified as a foreign corporation in all jurisdictions in which the
      failure to so qualify would have a material adverse effect on the Company
      and its subsidiaries taken as a whole. Schedule 4.1 lists all subsidiaries
      of the Company and, except as noted therein, all of the outstanding
      capital stock of all such subsidiaries is owned of record and beneficially
      by the Company.

                  4.2 Corporate Power; Authorization. The Company has all
      requisite corporate power to enter into this Agreement. All corporate
      action on the part of the Company, its officers and directors necessary
      for the consummation of the transactions contemplated by this Agreement,
      the performance of the Company's obligations hereunder, and the sale and
      issuance of the Common Stock pursuant hereto, has been or will be taken.

                  4.3 Capital Stock and Related Matters. On the date hereof, the
      authorized capital of the Company consists of 100,000,000 shares of Common
      Stock, par value $0.001 per share, of which 26,671,380 shares are issued
      and outstanding. Schedule 4.3 sets forth all of the options, warrants and
      convertible securities of the Company, and any other rights to acquire
      securities of the Company (collectively, the "Derivative Securities").

                  4.4 Reporting Company Status; SEC Filings. The Company files
      reports with the Commission pursuant to Section 15(d) of the Securities
      Exchange Act of 1934, as amended (the "Exchange Act"). The Common Stock is
      listed and traded on the OTC Bulletin Board ("OTC"). The Company is not
      aware of any pending or contemplated action or proceeding of any kind to
      suspend the trading of the Common Stock.

                  4.5 Valid Issuance. The Common Stock, when issued in
      compliance with the provisions of this Agreement, will be validly issued,
      fully paid and nonassessable and will be free of any liens or
      encumbrances.

                  4.6 No Conflict. To the knowledge of the Company, the
      execution and delivery of this Agreement by the Company will not violate
      or

                                       18
<PAGE>   4
      conflict with any agreement or other obligation to which the Company is
      subject, or result in any default or other adverse action. Schedule 4.6
      lists all material agreements and instruments to which the Company or any
      of its subsidiaries is a party or by which any of their properties or
      assets are bound.

                  4.7 Litigation. Except as disclosed in the Company's public
      filings with the Commission, or on Schedule 4.7, there is no action, suit,
      proceeding, inquiry or investigation before or by any court, public board
      or body pending or, to the knowledge of the Company or any of its
      subsidiaries, threatened against or affecting the Company or any of its
      subsidiaries, in which an unfavorable decision, ruling or finding would
      have an adverse effect on the properties, business, condition (financial
      or other) or results of operations of the Company and its subsidiaries,
      taken as a whole, or the transactions contemplated by this Agreement, or
      which would adversely affect the validity or enforceability of, or the
      authority or ability of the Company to perform its obligations under this
      Agreement.

                  4.8 Title to Properties; Liens and Encumbrances. The Company
      has good and marketable title to all of its material properties and
      assets, both real and personal, and has good title to all its leasehold
      interests, in each case subject only to mortgages, pledges, liens,
      security interests, conditional sale agreements, encumbrances or charges
      created in the ordinary course of business.

                  4.9 Insurance. The Company maintains property and casualty,
      general liability, personal injury and other similar types of insurance
      that is adequate, consistent with industry standards and the Company's
      historical claims experience. The Company has not received notice from,
      and has no knowledge of any threat by, any insurer (that has issued any
      insurance policy to the Company) that such insurer intends to deny
      coverage under or cancel, discontinue or not renew any insurance policy
      presently in force covering the Company or any of its subsidiaries.

                  4.10 Taxes. All applicable tax returns required to be filed by
      the Company and each of its subsidiaries have been prepared and filed in
      compliance with all applicable laws, or if not yet filed have been granted
      extensions of the filing dates which extensions have not expired. All
      taxes, assessments, fees and other governmental charges upon the Company,
      its subsidiaries, or upon any of their respective properties, income or
      franchises, shown in such returns and on assessments received by the
      Company or its subsidiaries to be due and payable have been paid, or
      adequate reserves therefor have been set up if any of such taxes are being
      contested in good faith. If any of such tax returns have not been filed or
      if any such taxes have not been paid or so reserved for, the failure to so
      file or to pay would not in the aggregate have a material adverse effect
      on the business or financial condition

                                       19
<PAGE>   5
      of the Company and its subsidiaries, taken as a whole. The Company is
      disputing certain tax penalties and interest thereon as set forth on
      Schedule 4.10 hereto.

                  4.11 Brokerage Fees. Other than an amount equal to $__________
      payable by the Company as a placement fee, the Company has not incurred
      any liability for any consulting fees or agent's commissions in connection
      with the offer and sale of the Common Stock contemplated by this
      Agreement.

                  4.12 Knowledge. The phrase "to the knowledge of the Company"
      shall mean to the actual knowledge of the parties executing this Agreement
      on behalf of the Company.

            5.    CERTAIN COVENANTS AND ACKNOWLEDGEMENTS.

                  5.1 Transfer Restrictions. The Purchaser acknowledges that,
      (i) except as may be provided for below in Section 6 the Common Stock has
      not been registered under the Securities Act, and such securities may not
      be transferred unless (A) subsequently registered thereunder or (B) they
      are transferred pursuant to an exemption from such registration and (ii)
      any sale of the Common Stock made in reliance upon Rule 144 under the
      Securities Act may be made only in accordance with the terms of said Rule.
      The provisions of Sections 5.1 and 5.2 hereof, together with the rights of
      the Purchaser under this Agreement shall be binding upon any subsequent
      transferee of the Common Stock.

                  5.2 Restrictive Legend. The Purchaser acknowledges and agrees
      that, until such time as the Common Stock is registered under the
      Securities Act or the Purchaser demonstrates to the reasonable
      satisfaction of the Company that such registration shall no longer be
      required, the Common Stock shall bear a restrictive legend in
      substantially the following form:

            THESE SECURITIES (INCLUDING ANY UNDERLYING SECURITIES) HAVE NOT BEEN
            REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY
            NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE
            TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS
            TO THE SECURITIES UNDER SAID ACT OR AN OPINION OF COUNSEL OR OTHER
            EVIDENCE REASONABLY

                                       20
<PAGE>   6
            SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION SHALL NO LONGER
            BE REQUIRED.

            NOTWITHSTANDING THE RESTRICTIONS IMPOSED BY STATE AND FEDERAL
            SECURITIES LAWS, THESE SECURITIES SHALL NOT BE SOLD, PLEDGED,
            HYPOTHECATED, EXCHANGED OR OTHERWISE TRANSFERRED UNTIL ON OR AFTER
            JUNE 1, 2000.

                  5.3 Filings. The Company undertakes and agrees that it will
      make all required filings in connection with the sale of the Common Stock
      to the Purchaser as required by United States laws and regulations, or by
      any domestic securities exchange or trading market. If applicable, the
      Company agrees to file a notice on Form D (at such time and in such manner
      as required by the Rules and Regulations of the Commission), and to
      provide copies thereof to the Purchaser promptly after such filing or
      filings.

                  5.4 Reporting Status. So long as the Purchaser beneficially
      owns any of the shares of Common Stock purchased under this Agreement, the
      Company shall timely file all reports required to be filed with the
      Commission pursuant to Section 13 or 15(d) of the Exchange Act and shall
      not terminate its status as an issuer required to file reports under the
      Exchange Act even if the Exchange Act or the rules and regulations
      thereunder would permit such termination.

                  5.5 State Securities Filings. The Company shall from time to
      time promptly take such action as the Purchaser or any of its
      representatives, if applicable, may request to qualify the Common Stock
      for offering and sale under the securities laws (other than United States
      federal securities laws) of the jurisdictions in the United States as
      shall be so identified to the Company, and to comply with such laws so as
      to permit the continuance of sales therein.

            6. REGISTRATION RIGHTS.

                  6.1 The Company shall use reasonable best efforts to, on or
      after June 1, 2000, but not later than July 31, 2000, include the Common
      Stock in a registration statement ("Registration Statement") filed with
      the Commission under the Securities Act, and have such Registration
      Statement declared effective no later than December 31, 2000 or amend an
      effective registration statement appropriate for the registration of the
      Common Stock so that the Common Stock will thereafter become freely
      tradeable, provided that the Purchaser shall furnish to the Company all
      appropriate information in connection therewith as the Company may
      reasonably request.

                                       21
<PAGE>   7
                  6.2 The Company shall (i) bear the costs, expenses and fees
      incurred in connection with any such registration, excluding any broker
      fees, selling commissions and out-of-pocket costs and expenses of the
      Purchaser; (ii) supply prospectuses and other documents as the Purchaser
      may reasonably request; (iii) use its reasonable best efforts to register
      and qualify the Common Stock for sale in such states as the Purchaser
      designates; (iv) do any and all other acts and things that may be
      necessary or desirable to enable the Purchaser to consummate the public
      sale or other disposition of the Common Stock; and (v) enter into
      cross-indemnification arrangements with the Purchaser with respect to
      matters arising from such Registration Statement and public offering.

            7. REMEDIES; ATTORNEYS' FEES. In the event of any default hereunder,
the parties shall have all rights available at law or equity, including without
limitation the right to specific performance, the right to damages and the right
to rescind this Agreement. All remedies shall be cumulative and not exclusive.
In the event of a dispute between the parties arising out of this Agreement, the
prevailing party shall be entitled to reimbursement from the nonprevailing party
of reasonable attorneys' fees and court costs arising out of that dispute.

            8. SURVIVAL. The representations, warranties and covenants made
 herein shall survive the closing of the transactions contemplated hereby.

            9. GOVERNING LAW; MISCELLANEOUS. This Agreement shall be governed by
and interpreted in accordance with the laws of the State of Arizona, without
regard to principles of conflict of laws. Each of the parties consents to the
jurisdiction of Arizona in connection with any dispute arising under this
Agreement or any of the transactions contemplated hereby, and hereby waives, to
the maximum extent permitted by law, any objection, including any objections
based on forum non conveniens, to the bringing of any such proceeding in such
jurisdictions. No provision of this Agreement shall be deemed amended, or
modified by any party unless a written amendment is signed by the parties or a
form of waiver is signed by the party against whom the waiver is asserted. This
Agreement may be signed in one or more counterparts, each of which shall be
deemed an original and may be executed and delivered by facsimile or other
reasonable means. The headings of this Agreement are for convenience of
reference only and shall not form part of, or affect the interpretation of this
Agreement. This Agreement has been entered into freely by each of the parties,
following consultation with their respective counsel, and shall be interpreted
fairly in accordance with its respective terms, without any construction in
favor of or against either party. If any provision of this Agreement shall be
invalid or unenforceable in any jurisdiction, such invalidity or
unenforceability shall not affect the validity or enforceability of the
remainder of this Agreement or the validity or unenforceability of this
Agreement in any other jurisdiction. This Agreement shall inure to the benefit
of, and be binding upon the successors and assigns of each of the

                                       22
<PAGE>   8
parties hereto. This Agreement supersedes all prior agreements and
understandings among the parties hereto with respect to the subject matter
hereof.

            10. NOTICES. Any notice required or permitted hereunder shall be
given in writing (unless otherwise specified herein) and shall be effective upon
personal delivery, via facsimile (upon receipt of confirmation of error-free
transmission) or three business days following deposit of such notice with an
internationally recognized courier service, with postage prepaid and addressed
to each of the other parties thereunto entitled at the following addresses, or
at such other addresses as a party may designate by five days advance written
notice to each of the other parties hereto.

            COMPANY:          iBIZ Technology Corp
                              1919 West Lone Cactus
                              Phoenix, Arizona 85021
                              Attn.: Kenneth W. Schilling, President
                              Tel.: 623-492-9200
                              Fax: 623-492-9921

                              WITH A COPY TO:

                              Gammage & Burnham, PLC
                              Two North Central Avenue, Suite 1800
                              Phoenix, AZ 85004
                              Attn: Stephen Boatwright, Esq.
                              Tel.: 602-256-4439
                              Fax: 602-256-4475

                                       23
<PAGE>   9
            PURCHASER:

            11. FURTHER ACTS AND INSTRUMENTS. Each party to this Agreement
hereby agrees, for themselves, their heirs, personal representatives, assigns
and other successors, to do such further acts and execute and deliver such
further instruments as may be reasonably necessary to effectuate and comply with
the provisions of this Agreement.

                              [SIGNATURE PAGE FOLLOWS]

                                       24
<PAGE>   10
            IN WITNESS WHEREOF, the undersigned have executed this Agreement
effective as of the date first signed above.

                                    iBIZ Technology Corp., a Florida corporation

                                    By:________________________________________
                                    Name:______________________________________
                                       Its:____________________________________

                                         ______________________________________

                                         ______________________________________

                                    By:________________________________________
                                    Name:______________________________________
                                       Its:____________________________________

                                       25

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