Document:

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                                                                   Exhibit 10.3

                          LEASE TERMINATION AGREEMENT

         THIS LEASE TERMINATION AGREEMENT ("Agreement") is made by and between
TRITON NETWORK SYSTEMS, INC., a Delaware corporation ("Tenant"), and FLAGLER
DEVELOPMENT COMPANY, a Florida corporation, f/k/a Gran Central Corporation
("Landlord"), as of the date on which the later signature of Landlord and
Tenant is affixed to this Agreement (the "Effective Date").

                              W I T N E S S E T H:

         WHEREAS, Landlord and Tenant are parties to an Assembly/Light
Manufacturing/Office Lease dated September 16, 1999, as amended by First
Amendment to Office Building Lease dated October 15, 1999 (the "Lease"),
pursuant to which Tenant rented and occupied certain real property and
improvements located at 8337 SouthPark Circle, Suite 500, Orlando, Florida
32819, as more particularly described in the Lease (the "Premises");

         WHEREAS, pursuant to the Lease, the term of the Lease is scheduled to
expire on March 31, 2007 (the "Expiration Date"); and

         WHEREAS, Landlord and Tenant have mutual interests in terminating the
Lease prior to the Expiration Date, upon the terms and conditions stated herein.

         NOW, THEREFORE, in consideration of Tenant's forfeiture of its
security deposit in the amount of $69,869.25, and all interest accrued thereon,
if any, and Tenant's payment to Landlord of the sum of $1,700,000.00 by wire
transfer of immediately available federal funds (collectively, the "Release
Payment") by August 31, 2001, and the mutual representations, covenants, and
agreements herein, Landlord and Tenant agree, represent and warrant, as
applicable, as follows:

         1.  Recitals; Capitalized Terms.  The foregoing recitals are true and
correct and incorporated herein by reference. All capitalized terms used herein
that are not specifically defined in this Agreement shall have the same
meanings as set forth in the Lease.

         2.  Termination of Lease.  The Lease is hereby terminated as of
September 30, 2001 (the "Termination Date"); provided, however, that Tenant
shall use its best efforts to surrender the Premises and to remove its personal
property from the Premises, except as to the Office Premises as set forth in
paragraph 9 below, all in accordance with the terms and conditions of paragraph
3 of this Agreement, as soon as possible following the Effective Date, and, in
such event, such earlier date shall be the Termination Date and the parties
shall execute a supplement to this Agreement setting forth the revised
Termination Date. In the event of such earlier termination, the parties agree
to prorate the Base Rental and Additional Rental actually received by Landlord
from Tenant for the month in which such earlier Termination Date occurs. From
and after the Termination Date, neither Landlord nor Tenant will have any
obligations under the Lease, except those indemnification obligations that,
pursuant to the terms of the Lease, would
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otherwise survive beyond the Expiration Date. Notwithstanding anything herein
to the contrary, (i) Tenant shall continue to pay Base Rental and Additional
Rental in accordance with the terms of the Lease through and including the
Termination Date, and (ii) the termination of the Lease is contingent upon
Landlord's timely receipt of the Release Payment. Landlord, upon the
Termination Date, shall cancel and return to Tenant that certain Irrevocable
Standby Letter of Credit No. SVB99IS1529 issued by Silicon Valley Bank.

         3.  Surrender of Premises; Removal of Tenant's Personal Property.  On
the Termination Date, Tenant shall surrender and yield up to Landlord the
Premises in good order, condition and state of repair, reasonable wear and tear
excepted. Not later than 10 days prior to the Termination Date, Tenant shall
remove from the Premises all personal property owned by Tenant (other than the
"FF&E", as defined below) or leased by Tenant from third parties, except as
set forth in paragraph 9 below. Tenant shall be obligated to repair in a good
and workmanlike manner any damage to the Premises resulting from the removal of
such personal property. Tenant will complete such work and will make the
Premises available for Landlord's inspection not later than 5 days prior to the
Termination Date at Tenant's sole cost and expense, and will promptly pay all
bills relating to such work. If Landlord, during its inspection, reasonably
determines that Tenant has not completed such repairs in accordance with the
terms hereof, then Tenant shall have until the Termination Date to do so. To
the extent that such repairs are not made by Tenant in accordance with the
terms hereof, as determined by Landlord in its reasonable discretion, on or
before the Termination Date, Landlord will repair any such damage at Tenant's
sole cost and expense, and Tenant will promptly pay all invoices relating to
such work. For purposes hereof, "FF&E" shall mean the items of furniture,
fixtures and equipment more particularly described on attached Exhibit C. As
further consideration for Landlord's agreement to terminate the Lease as of the
Termination Date, Tenant agrees to convey the FF&E to Landlord or its designee
(including without limitation, any replacement tenant) on or before the
Termination Date pursuant to a Bill of Sale in the form attached hereto as
Exhibit D. Prior to Tenant's delivery of the Bill of Sale to Landlord (or its
designee), Tenant agrees to provide Landlord with commercially reasonable and
satisfactory evidence that the FF&E is free and clear of all liens, claims and
encumbrances. The termination of the Lease is contingent upon Landlord's
receipt and acceptance of such evidence.

         4.  Landlord's Construction License.  As further consideration for
Landlord's agreement to terminate the Lease as of the Termination Date, Tenant
hereby grants to Landlord an irrevocable license to enter into the Premises
from and after the Effective Date to construct certain improvements and
alterations to the Premises ("Landlord's Work"). Tenant shall provide Landlord
and Landlord's employees, agents and contractors with reasonable access to the
Premises and shall reasonably cooperate with Landlord and Landlord's employees,
agents and contractors to minimize interference of the Landlord's Work.
Landlord indemnifies and agrees to hold Tenant harmless from and against any
and all claims arising from or related to the performance of Landlord's Work in
the Premises.

         5.  Release.  Effective on the Termination Date, Tenant and Landlord
hereby release and discharge each other, including their respective
subsidiaries, affiliates, officers, directors, agents and employees, as of the
Termination Date from all obligations and liabilities, whether

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known or unknown, foreseen or unforeseen, under or in connection with the Lease
or Tenant's use or occupancy of the Premises, except those obligations which, by
their nature, or by the terms of the Lease, would survive beyond the Expiration
Date.

        6.  Landlord's Representations and Warranties.  Landlord represents and
warrants to Tenant that Landlord has the power and the lawful authority to
execute and deliver this Agreement, and that no consent, authorization,
approval, or notice to any other party, including any mortgagee (other than as
set forth in this Agreement), is necessary in connection with the execution
and delivery of this Agreement by Landlord, or as a prerequisite to its
enforceability against Landlord.

        7.  Tenant's Representations and Warranties.  Tenant represents and
warrants that it is the sole tenant in possession of the Premises under the
Lease and that it has neither assigned nor subleased its interest as tenant
under the Lease. Tenant further represents and warrants to Landlord that,
except as otherwise provided herein, Tenant has complied with all of Tenant's
obligations under the Lease.

       8.  Survival of Representations and Warranties.  The representations and
warranties set forth in paragraphs 6 and 7 hereof shall survive and continue
beyond the date hereof.

       9.  Tenant's Winding Up License.  As further consideration for Tenant's
agreement to terminate the Lease as of the Termination Date, Landlord hereby
grants to Tenant, at no cost to Tenant, a license to use that portion of the
Building depicted on Exhibit A for office use in the liquidation and winding up
of Tenant's business (the "Office Premises") and that portion of the Building
depicted on Exhibit B for the storage and auction of Tenant's personal property
(the "Storage Premises"). Landlord may relocate the Office Premises or the
Storage Premises to other space in the same building in which the Premises are
located or in any other building in Gran Park at SouthPark, as determined by
Landlord in its reasonable discretion, upon three (3) days advance notice to
Tenant, provided that Landlord bears all costs of such relocation. The parties
agree that no portion of the Release Payment shall be considered as rental or as
a license fee for the license granted herein. The license for the Office
Premises shall expire on November 30, 2001 (the "Office License Expiration
Date"), provided that Tenant may request that Landlord extend the license for
the Office Premises in another location in the park through December 30, 2001,
and Landlord shall endeavor to accommodate Tenant in that regard. On the Office
License Expiration Date, Tenant will surrender and yield up the Office Premises
in good order, condition and state of repair, reasonable wear and tear excepted.
The Storage Premises license shall expire on December 31, 2001, unless extended
by a writing signed by Landlord and Tenant (the "Storage License Expiration
Date"). On the Storage License Expiration Date, Tenant will surrender and yield
up the Storage Premises in good order, condition and state of repair, reasonable
wear and tear excepted. Tenant and/or Landlord will repair any damage to the
Office Premises and the Storage Premises caused by Tenant's removal of its
personal property therefrom in accordance with the terms of the inspection
procedure set forth in paragraph 3 hereof (substituting November 30, 2001 for
the Office Premises and December 30, 2001 for the Storage Premises for any
references to the Termination Date). Any personal property not removed from the
Office Premises or the Storage Premises on or before the relevant License
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Expiration Date, will be promptly removed from the Office Premises or Storage
Premises, as applicable, by Landlord and disposed of as mutually agreed upon by
Landlord and Tenant. Tenant will, throughout the term of the license granted
herein, carry and maintain, at its sole cost and expense, commercial general
liability insurance on an occurrence form covering claims from bodily injury
(including death) and property damage with minimum limits of $2,000,000 per
occurrence and $2,000,000 general aggregate. Such insurance shall be taken out
with an insurer licensed to do business in Florida and otherwise acceptable to
Landlord, shall name Landlord as an additional insured, and shall provide for
30 days prior written notice to Landlord before any modification or termination
of said insurance. A certificate of insurance on Acord Form 25-S shall be
delivered to Landlord on or before the Effective Date. Tenant indemnifies and
agrees to hold harmless Landlord from and against any and all liability for any
loss, injury or damage (including, without limitation, reasonable attorney's
fees) arising out of the license granted herein. The insurance that Tenant is
required to carry hereunder will include coverage of the foregoing contractual
indemnity. Tenant shall not assign the license granted herein to any other
person or entity.

         IN WITNESS WHEREOF, Landlord and Tenant have executed this Agreement as
of the date first above written.

Witnesses:                                   FLAGLER DEVELOPMENT COMPANY

/s/ JA Herner                                By: /s/ G. John Carey
--------------------------------                --------------------------------
                                                 G. John Carey
Name: James A. Herner                            President
     ---------------------------

/s/ Cynthia M. Gaines                        Date:  September 4,    2001
--------------------------------                  ---------------

Name: Cynthia M. Gaines                              [CORPORATE SEAL]
     ---------------------------

                                             TRITON NETWORK SYSTEMS, INC.

/s/ Michael B. Glover                        By: /s/ Ken Vines
--------------------------------                --------------------------------
                                                 Ken Vines
Name: Michael B. Glover                          Chief Executive Officer
     ---------------------------

/s/ Brent A. Rein                            Date: August 24,    2001
--------------------------------                  ---------------

Name: Brent A. Rein                                [CORPORATE SEAL]
     ---------------------------<PAGE>
                                                                   Exhibit 10.4

                         RETENTION INCENTIVE AGREEMENT

         THIS RETENTION INCENTIVE AGREEMENT is being entered into as of August
20, 2001 by and between TRITON NETWORKS SYSTEMS, INC. (the "Company"), and Ken
Vines ("the "Employee").

                                   BACKGROUND

         The Board of Directors of the Company has determined that it is in the
best interests of the Company's shareholders to liquidate the Company's assets
and dissolve the Company at this time. In order to retain Employee during the
critical period through a Change of Control, the Company wishes provide to
Employee an incentive to encourage the Employee to obtain the maximum value for
the Company's shareholders and to remain with the Company during the critical
periods of such liquidation.

                                   AGREEMENT

         NOW, THEREFORE, in consideration of the mutual promises contained
herein and Company continuing to employ the services of the Employee and the
Employee's continuing employment on an at-will basis, and other good and
valuable consideration exchanged, the receipt and sufficiency of which are
hereby acknowledged by the parties, it is agreed by the parties as follows:

1)       Certain Definitions.

         a)  "Cause" as used in this Agreement shall mean: (i) illegal acts
             (other than minor traffic violations or misdemeanors), including,
             but not limited to, theft fraud or embezzlement; (ii) violation of
             published written policies of the Company or violation of any
             confidentiality or proprietary information agreement with the
             Company, in each case deemed to be material to the Company; and
             (iii) irresponsible unauthorized acts of a willful nature in the
             performance of your duties, in each case deemed to be material to
             the Company, or repeated failure to follow the reasonable
             directions of the Board of Directors of the Company.

         b)  "Change of Control" as used in this Agreement shall mean: (i) any
             liquidation, dissolution or winding up of the Company, whether
             voluntary or involuntary, (ii) any transaction or series of related
             transactions (including, without limitation, any reorganization,
             merger or consolidation) which will result in the Company's
             stockholders immediately prior to such transaction not holding (by
             virtue of such shares or securities issued solely with respect
             thereto) at least 50% of the voting power of the surviving or
             continuing entity, or (iii) a sale of all or substantially all of
             the assets of the Company, unless the Company's stockholders
             immediately prior to such sale will, as a result of such sale, hold
             (by virtue of securities issued as
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             consideration for the Company's sale) at least 50% of the voting
             power of the purchasing entity.

         c)  "Continuous Employment" as used in this Agreement shall mean
             service as a common law employee or as a member of the Board of
             Directors and the absence of any interruption or termination of
             such service with the Company or any parent or subsidiary which now
             exists or hereafter is organized or acquired by the Company or any
             Successor. Continuous Employment with the Company or its Successor
             shall not be considered interrupted in the case of sick leave,
             military leave, or any other leave of absence approved by the
             Company or its Successor or in the case of transfers between
             locations of the Company or between any parent or subsidiary, or
             successor thereof.

         d)  "Per Share Price" as used in this Agreement shall mean (i) in the
             event of the Company is dissolved, cash in an amount equal to (x)
             the total value of the proceeds of the dissolution to be
             distributed to shareholders of the Company (inclusive of all
             amounts to be held back in accordance with applicable laws in
             respect of any contingent or unmature liabilities of the Company),
             divided by (y) the number of shares of the Company's capital stock
             outstanding immediately prior to the initial distribution of the
             proceeds of the dissolution to shareholders of the Company, or (ii)
             in the event of any other Change of Control, cash in an amount
             equal to (x) the total consideration to be paid to the Company's
             shareholders upon closing of the transaction, [inclusive of any
             consideration that is held back or subject to payment contingencies
             in accordance with any earnout or indemnification terms], divided
             by (y) the number of shares of the Company's capital stock
             outstanding immediately prior to the closing of such transaction.

2)       Bonus Payment Calculation. Prior to Change of Control, the Company and
         any Successor shall be obligated to pay to the Employee a bonus in cash
         in the amount set forth below (the "Bonus"):

         a)  In the event the Per Share Price (defined below) is greater than
             $0.80 and less than or equal to $0.85, the Employee shall be paid
             2.00% of the difference between $0.80 and the Per Share Price
             multiplied by the number of shares of the Company's capital stock
             outstanding immediately prior to the initial distribution to the
             shareholders or closing of any other Change of Control transaction,
             as applicable; and

         b)  In the event the Per Share Price is greater than $0.85 and less
             than or equal to $0.90, the Employee Shall be paid the amount in
             (a) plus 2.25% of the difference between $0.85 and the Per Share
             Price multiplied by the number of shares of the Company's capital
             stock outstanding immediately prior to the initial distribution to
             the shareholders or closing of any other Change of Control
             transaction, as applicable; and

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         c)  In the event the Per Share Price is greater than $0.90, the
             Employee Shall be paid the amount in (b) plus 3.00% of the
             difference between $0.90 and the Per Share Price multiplied by the
             number of shares of the Company's capital stock outstanding
             immediately prior to the initial distribution to the shareholders
             or closing of any other Change of Control transaction, as
             applicable; and.

         d)  In the event that the Per Share Price not greater than $0.80 the
             employee is not entitled to receive any bonus amount under this
             agreement.

3)       Confidentiality, Nondisclosure and Nondisparage.  The terms of this
         Agreement are highly confidential. Employee hereby agrees that this
         Agreement and the terms set forth, other than what is disclosed in any
         S.E.C. filing, shall be kept confidential and shall not be disclosed
         to any third party, including any person, group, media or entity of
         any kind whatsoever, other than in confidence to Employee's spouse,
         attorney, and/or tax advisor, except pursuant to an agreement with
         Company or its Successor or as may be required by law or court order
         Employee shall not disparage or otherwise make any negative comments
         or provide any negative information about Company or its Successor.
         Nor shall Employee say anything unflattering or derogatory about
         Company's or its Successor's management, business practices, products
         or services, or about any individual associated with Company or its
         Successor (including directors or officers). The only exception to
         this Section is that this Agreement may be used as evidence in a
         subsequent proceeding in which any of the parties allege a breach of
         the Agreement.

4)       Company's and Successor's Obligations.  Prior to or simultaneous with
         any Change of Control, the Company shall cause the surviving
         corporation or any successor-in-interest pursuant to the terms of the
         Change of Control or any assignee (referred to as "Successor") to
         assume all of Company's obligations under this Agreement (including,
         but not limited to, financial obligations) in the same manner and to
         the same extent that the Company would be required to perform. If
         required by the nature of the transaction, Successor will agree, in
         writing (either in a separate writing or as part of the acquisition
         documents), to perform under this Agreement. Failure of the Company to
         cause such assumption and performance by the Successor shall be a
         breach of this Section 4 and will entitle the Employee to the remedies
         set out in Section 5 below. Once a Change of Control occurs resulting
         in a Successor, then any reference in this Agreement to the Company
         shall apply to Successor as if Successor had originally entered into
         this Agreement.

5)       Employee's Remedies Upon Breach of Section 4 by Company. In the event
         the Company does not cause an assumption and performance by Successor
         pursuant to Section 4, then within 30 days from the Close of the
         Change of Control, Employee shall be free to terminate Employee's
         employment with Successor and the Company shall pay Employee any
         Bonus payments payable to Employee in accordance with Section 2 as if
         the termination were a termination of the Employee without Cause by
         Company or its Successor.

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6)       Attorney's Fees.  In the event the Company or its Successor fails to
         perform, fails to make any payments due or is otherwise in breach of
         this Agreement and as a result the Employee retains counsel in order
         to enforce this Agreement, the Company or its Successor shall pay all
         fees and costs incurred by Employee's counsel in enforcing the terms
         of this Agreement.

7)       Entire Agreement.  This Agreement constitutes the entire agreement of
         the parties with respect to the subject matter herein. Any and all
         understandings with respect to the subject matter herein, not
         contained herein, whether written or oral, are hereby either waived or
         superseded and are of no force and effect. This Agreement may be
         modified only by written agreement executed by all parties to which
         the modification will apply. This Agreement is in addition to and does
         not supersede or amend any Confidentiality or Proprietary Information
         Agreement, Stock Option Agreement, or any written agreement with
         regard to severance payments to be paid to Employee between the
         Company and Employee. In the event of any conflict between the
         provisions of this Agreement, and any of the Confidentiality or
         Proprietary Information Agreement, Stock Option Agreement, or any
         written agreement with regard to severance payments to be paid to
         Employee, this Agreement will govern.

8)       Applicable Law, Binding Effect, Successors and Assigns and Venue.
         This Agreement shall be governed, construed and regulated under and by
         the laws of the State of Florida, and shall inure to the benefit of,
         and be binding upon and enforceable by, the parties hereto and their
         heirs and personal representatives, and as to Company and its
         Successor, which includes any assigns. Jurisdiction and venue for
         enforcement and prosecution of this Agreement or any of its terms lies
         exclusively in the federal and state courts located in Orange County,
         Florida. In the event of a Change of Control resulting in a Successor,
         then all rights, duties and obligations of Company will become that of
         Successor.

9)       Consent to Assignment.  Employee may not assign this Agreement.
         Employee agrees, however, that this Agreement is intended to apply to
         either Company or Successor. Thus, Company may assign this Agreement,
         without a separate writing, and all the covenants and restrictions
         contained herein, to a Successor. Employee does hereby consent to and
         ratify any such assignment and agrees to continue to be bound to this
         Agreement, whether or not Employee decides to become or to remain
         employed by Successor, and further agrees that this Agreement will
         continue in full force and effect unless terminated by such Successor.

10)      Invalid Provision.  The invalidity or unenforceability of a particular
         provision of this Agreement shall not affect the other provisions
         hereof, and this Agreement shall be construed in all respects as if
         such invalid or unenforceable provisions were omitted.

11)      Notices.  Any and all notices required or permitted to be given under
         this Agreement will be sufficient if furnished in writing, and
         personally delivered or sent by certified mail, postage prepaid, to
         Employee's last known residence, or to Company's principal office in
         Orlando, Florida, whichever the case may be, or to such address as
         either party may
<PAGE>
         have furnished to the other in writing in accordance herewith. Any
         notice sent by certified mail as aforesaid shall be deemed to have
         delivered on the third business day following the date of mailing.

12)      Waiver.  The failure of the Company, at any time, to require
         performance of Employee of any provision hereof, or to resort to its
         remedy at law, in equity, or otherwise, shall in no way affect the
         right of the Company to require such full performance or to resort to
         such remedy at any time thereafter, nor shall the waiver by the
         Company of a breach of any provision hereof be taken or held to be a
         waiver of any subsequent breach of such provision unless expressly
         stated in writing by the Company. No waiver of any of the provisions
         hereof shall be effective unless in writing and signed by the party to
         be charged with such waiver.

13)      Interpretation; Headings; Gender and Number.  This Agreement shall
         not be construed more strictly against one party than against the
         other merely by virtue of the fact that it may have been prepared by
         one of the parties. The headings in this Agreement are for purposes of
         reference only and shall not limit or otherwise affect the meaning
         hereof. Unless the context otherwise requires, references in this
         Agreement to any gender shall be construed to include all other
         genders, references in the singular shall be construed to include the
         plural, and references in the plural shall be construed to include the
         singular.

                        [SIGNATURES APPEAR ON NEXT PAGE]
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         WITNESS the execution hereof by the parties intending to be legally
bound as of the day and year first above-written.

                                             Triton Network Systems, Inc.

                                             By:  /s/ H. W. Speaks, Jr.
                                                 ----------------------
                                             Name:  H.W. Speaks, Jr.
                                                    -------------------
                                             Title:  Board Member
                                                     ------------------

                                             Employee

                                             Signature:  /s/ Ken Vines
                                                         --------------
                                             Name:  Ken Vines

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