Document:

LOAN AND SECURITY AGREEMENT

CAMBEX CORPORATION of 360 Second Avenue, Waltham, Massachusetts
02451 (herein called the "Borrower") hereby applies to BA
Associates, Inc. of 9 Webster Circle, Sudbury, MA 01776 (herein
called "Lender") for a loan which will be Borrower's Senior
Indebtedness, and in consideration of Lender extending the same,
agrees with Lender as follows:

SECTION 1. DEFINITIONS.  As herein used:

1.1	"Obligations" means any and all obligations of the
Borrower to Lender of every kind and description,
direct or indirect, absolute or contingent, primary or
secondary, due or to become due, now existing or here
after arising, arising under this Agreement or as a
result of the making of loans hereunder.
1.2	"Accounts" means all "accounts", as such term is
defined in Section 9-106 of the UCC, now or hereafter
owned by the Borrower, and also means and includes any
right of the Borrower to payment for goods, sold or
lease or for services rendered that the Borrower may
now have or hereafter acquire whether or not such
right has been earned by performance, including
(without limitation) all accounts, accounts
receivable, book debts, instruments and chattel paper,
leases, notes, drafts, acceptances, payments under
leases of Inventory or Equipment or sale of Inventory
or Equipment and other forms of obligations now or
hereafter received by or belonging or owing to the
Borrower for goods sold or leased and/or services
rendered, all guaranties and security therefor, all
goods giving rise thereto and all rights pertaining to
such goods including (without limitation) the rights
of a seller under the UCC to reclaim such goods
including or stop them in transit, and all of the
Borrower's rights in, to and under all purchase
orders, instruments and other documents now or
hereafter delivered by or to it evidencing obligations
for and representing payment for goods sold or leased
and/or services rendered, and all monies due or to
become due to the Borrower under all contracts for the
sale or lease of goods and/or the performance of
services, now in existence or hereafter arising,
including (without limitation) the right to receive
the Proceeds of such purchase orders and contracts.
1.3	"Collateral" means all of the borrower's tangible and
intangible personal property and fixtures, now owned
or hereafter acquired, including without limitation
(a) all Accounts, Instruments and Documents, and
General Intangibles in which the Borrower now or
hereafter has any right, title or interest, including
(without limitation) (i) all moneys, residues and
property of any kind due and to become due under any
contract or in any depository account, (ii) any
damages arising out of or for breach or default in
respect of any such Accounts, Instruments and
Documents, or General Intangibles and (iii) all other
amounts from time to time paid or payable under or in
connection therewith (b) all equipment now owned or
hereafter acquired; (c) all inventory now owned or
hereafter acquired; (d) all farm products as that term
is defined in Section 9-109(3) of the UCC; and (e) to
the extent not otherwise included, all accessions to
and additions, to, substitutions for, and
replacements, Proceeds and products of any and all of
the foregoing.
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1.4	"Equipment" means all "equipment", as such term is
defined in Section 9-109(2) of the UCC, now or
hereafter owned by the Borrower, and also means and
includes all personal property constituting machinery,
equipment, plant, furnishings, fixtures, and other
fixed assets now owned or hereafter acquired by the
Borrower, including (without limitation) all items of
machinery and equipment of any kind, nature and
description, as well as trucks and vehicles of every
description, trailers, handling and delivery equipment
and office furniture, and all additions to,
substitutions for, replacements of or accessions to
any of the foregoing items and all attachments,
components, parts (including spare parts) and
accessories, whether installed thereon or affixed
thereto, and all fuel for any thereof.
1.5	"General Intangibles" means all "general intangibles",
as such term is defined in Section 9-106 of the UCC,
and all intangible personal property not included in
Accounts, or in Instruments and Documents, now or
hereafter owned or acquired by the Borrower, and also
means and includes all right, title and interest of
the Borrower now or hereafter owned or acquired in
intellectual property, patents, paten applications,
goodwill, trademarks, trademark applications, trade
names, service marks, copyrights, permits, licenses,
federal, state, or local tax refunds, claims under
insurance policies (whether or not Proceeds), other
rights (if any) to payment, rights of set off, chooses
in action, rights under judgements, computer programs
and software, customer lists, and all contracts and
agreements to, or of which Borrower is a party or
beneficiary, and all leasehold interests of Borrower
in real estate to the extent considered personal
property under applicable law.
1.6	"Instruments and Documents" means all "instruments,"
"documents", "deposit accounts," and "chattel paper,"
as defined in Section 9-105 of the UCC, all
securities, and includes (without limitation) all
warehouse receipts and other documents of title,
policies and certificates of insurance, checking,
savings, and other bank accounts, certificates of
deposit, checks, notes and drafts, now or hereafter
acquired, to the extent not included in Accounts.
1.7	"Inventory" means all "inventory", as such term is
defined in Section 9-109(4) of the UCC, now owned or
hereafter acquired by the Borrower, and also means and
includes all inventory, wherever located, now owned or
hereafter acquired by the Borrower, or in which the
Borrower now has or hereafter may acquire any right,
title, or interest, including (without limitation) all
consigned goods and all goods and other personal
property now or hereafter owned by the Borrower that
are held for sale or lease or are furnished or are to
be furnished under a contract of service or that
constitute raw materials, work in process or materials
used or consumed or to be used or consumed in the
Borrower's business, or in the processing, packaging
or shipping of the same, and all finished goods.
1.8	"Proceeds" has the meaning given such term under the
UCC and, in any event, includes (but is not limited
to) (a) any and all proceeds of any insurance,
indemnity, warranty or guaranty payable from time to
time with respect to any of the Collateral, (b) any
and all payments (in any form whatsoever) made or due

<PAGE>

and payable from time to time in connection with any
requisition, confiscation, condemnation, seizure or
forfeiture of all or any part of the Collateral by any
governmental authority (or any Person acting under
color of governmental authority), (c) whatever is
received upon any collection, exchange, sale, lease or
other disposition of any of the Collateral and any
property into which any of the Collateral is
converted, whether cash or non-cash proceeds, and (d)
any and all other products of, or any rents, profits
or other amounts from time to time paid or payable
under, or in connection with, any of the Collateral.
1.9	"UCC" means the Uniform Commercial Code as it may from
time to time be in effect in the Commonwealth of
Massachusetts or any other applicable jurisdiction.
1.10	"Loan Account" means the account on the books of
Lender in which will be recorded appropriate debits
and credits as provided by this Agreement.
1.11	"Insolvency" of the Borrower or any other person means
that there shall have occurred with respect to that
person one or more of the following events: death,
dissolution, termination of existence, business
failure, appointment of a receiver of any material
part of the property of, execution of a trust mortgage
or an assignment for the benefit of creditors by, the
filing of a petition in bankruptcy or the commencement
of  any proceedings under any bankruptcy or insolvency
laws, or any laws relating to the relief of debtors,
readjustment of indebtedness, reorganization,
composition or extension by such person, or if filed
against such person the pendency thereof without
dismissal for a period of sixty days.
1.12	"Senior Indebtedness" means any loans, advances or
other provisions of credit which Lender makes to
Borrower, as the "Senior Indebtedness" term is defined
in the Cambex corporation 10% Subordinated Promissory
Convertible Note due April 30, 2003.

SECTION 2.  BORROWER'S REPRESENTATIONS, WARRANTIES AND
COVENANTS.  The Borrower represents, warrants and covenants
as follows:
2.1	The Borrower is a corporation duly organized and
validly existing under the laws of the Commonwealth of
Massachusetts and is duly qualified in every other
state in which it is doing business.
2.2	The execution, delivery and performance of this
Agreement are within the Borrower's corporate powers,
have been duly authorized, are not in contravention of
law or the terms of its charter, by-laws or other
incorporation papers or of any indenture, Agreement or
undertaking to which it is a party or by which it is
bound.
2.3	The Borrower is, and as to Inventory to be acquired
after the date hereof shall be, the owner of all of
its Inventory, shall not create or suffer to exist any
lien or encumbrance on or security interest in
Inventory and shall not sell, assign, transfer

<PAGE>

or create or suffer to exist any lien or encumbrance
on or security interest in any Accounts or contract
right to or in favor of any person other than Lender.
2.4	The Borrower shall give Lender written notice of each
office of the Borrower at which records of the
Borrower pertaining to Accounts and contract rights
are kept.  Except as such notice is given, all records
of the Borrower pertaining to Accounts and contract
rights are and shall be kept at the Borrower's address
as it appears at the beginning of this Agreement.
2.5	Subject to any limitations stated therein or in
connection therewith, all balance sheets, earnings
statements and other financial data which have been or
may hereafter be furnished to Lender to induce it to
enter into this Agreement or otherwise in connection
herewith do or shall fairly represent the financial
condition of the Borrower as of the dates and the
results of its operations for the periods for which
the same are furnished, and all other information,
reports and other papers and data furnished to Lender
are or shall be at the time the same are so furnished
accurate and correct in all material respects and
complete insofar as completeness may be necessary to
give Lender true and accurate knowledge of the subject
matter.
2.6	The Borrower will pay or cause to be paid any excise,
sales or other tax or charge which may become due and
payable with respect to any sale or other transaction
giving rise to Accounts or other right to the payment
of money, or with respect to the collection thereof,
and shall reimburse Lender for any payment by it of
any such tax or charge.
2.7	The Borrower will not dispose of any of its assets
except in the ordinary course of business, it being
recognized in this respect that the Borrower in the
ordinary course from time to time sells assets below
cost or book value, as the case may be.

SECTION 3.  LOANS.  BORROWER'S LOAN ACCOUNT.
3.1	The Borrower requested and Lender hereby agrees to
make a loan to Borrower from time to time as required
by Borrower of up to a maximum of Four Hundred
Thousand Dollars ($400,000) being outstanding at any
one time and enter that amount as debits in the Loan
Account.  Lender shall also record in the Loan Account
all payments made by the Borrower on account of
indebtedness evidenced by the Loan Account and all
proceeds of Collateral which are finally paid to
Lender at its office in cash or solvent credits, and
may record therein, in accordance with customary
accounting practice, other debits and credits,
including all charges and expenses properly chargeable
to the Borrower, and any other Obligation.  The debit
balance of the Loan Account shall reflect the amount
of the Borrower's indebtedness to Lender from time to
time by reason of loans and other appropriate charges
hereunder.  At least once each month Lender shall
render a statement of account showing as of its date
the debit balance of the Loan Account which, unless
within thirty days of such date notice to the contrary

<PAGE>

is received by Lender from the Borrower, shall be
considered correct and accepted by and conclusively
binding upon the Borrower.
3.2	All the proceeds of Accounts outstanding on, or
arising in the ordinary course of business after
November 9, 1998 shall be applied to reduce the debit
balance of the Loan Account as follows:
The Borrower shall pay 100% (one hundred percent) of
all collections from Accounts to Lender not less
frequently than each week until the outstanding loan
amount plus related accrued interest is fully paid.
3.3	The Borrower shall furnish to Lender information
adequate to identify Accounts at times and in form and
substance as may be requested by Lender.  The Borrower
shall also, if Lender so requests, accompany such
information with assignments of Accounts in form and
substance satisfactory to Lender which assignments
shall give Lender full power to collect, compromise or
otherwise deal with the assigned Accounts as the sole
owner thereof.

SECTION 4.  RETURNS, DISPUTES AND ADJUSTMENTS OF ACCOUNTS.
The Borrower shall immediately notify Lender of each of the
following events: rejection, return, repossession or loss
of any goods, giving rise to any Account; damage to any
such goods, to the extent known to the Borrower; any
request by an account debtor for credit or adjustment of an
Account(s); any adjustment by the Borrower of the amount
owing on Accounts; any merchandise or other dispute; any
other event affecting Accounts or the value or amount
thereof.

SECTION 5.  PROMISES TO PAY,  The Borrower promises to pay
to Lender:
5.1	Upon demand, the current amount of the debit balance
of the Loan Account, provided, however, that Lender
will not, except upon the occurrence of an Event of
Default (as defined in Section 9 hereof), demand
payment of such debit balance.
5.2	Upon demand, interest on the daily debit balance in
the Loan Account at a rate per annum which at all
times shall be at a 12% annual rate.
5.3	Upon demand, any and all charges customarily made by
Lender.
5.4	Upon demand, all taxes, charges and expenses of every
kind or description, including attorney's fees and
expenses of litigation, reasonably incurred or
expended by Lender in connection with or in any way
related to Lender's relationship with Borrower,
whether hereunder or otherwise, including without
limitation those incurred or expended in condition
with the preparation of this Agreement or any
amendment hereof, the making of any loans hereunder,
the collection or sale or attempted collection or sale
of Accounts or Obligations, the supervision,
protection and collection of and realization upon any
Collateral, and the protection or enforcement of
Lender's rights hereunder.  The Borrower

<PAGE>

authorizes Lender to charge the interest, charges,
taxes and expenses provided for in Sections 5.2
through 5.4 to the Loan Account.

SECTION 6.  INSPECTION OF RECORDS; FURTHER ASSURANCES.  The
Borrower shall at all reasonable times and from time to
time allow Lender by or through any of its officers,
agents, attorneys or accountants to examine, inspect or
make extracts from the Borrower's books and records, and
those of any related company, and to arrange for
verification of Accounts, under reasonable procedures,
directly with account debtors or by other methods; shall
furnish to the Bank upon request all notes or other papers
evidencing any accounts and any guaranty, securities or
other documents or information relating thereto; and shall
do, make, execute and deliver all such additional and
further acts, things, deeds, assurances and instruments as
Lender may require more completely to vest in and assure to
Lender its rights hereunder o in any Collateral and to
carry into effect the provisions and intent of this
Agreement.

SECTIONS 7.  GRANT OF SECURITY INTEREST.  As collateral
security for the prompt and complete payment and
performance when due of all the Obligations and in order to
induce the Lender to accept the Note and make loans, the
Borrower hereby pledges to Lender, and hereby grants to the
Lender a first priority security interest in, all of the
Borrower's right, title and interest in, to and under the
Collateral.

SECTION 8.  COLLECTION OF ACCOUNTS AND NOTES RECEIVABLE.
Until Lender requests that debtors on Accounts and notes
receivable of the Borrower be notified of Lender's security
interest, the Borrower shall continue to collect them.
Until the making of such a request and while any loan is
still outstanding from Lender, the Borrower shall hold 100%
(one hundred percent) of the proceeds received from
collection as trustee for Lender without commingling the
same with other funds of the Borrower and shall turn the
same over to Lender or to such bank as may be approved by
Lender not less frequently than each week following the
week such funds are received.  The Borrower shall, at the
request of Lender notify the debtor under any Accounts or
note receivable of the security interest of Lender therein
and that payment thereof is to be made directly to Lender
and Lender may itself, at any time, without notice to or
demand upon the Borrower, so notify such debtor.  The
making of such a request or the giving of such notification
shall not affect the duties of the Borrower described above
with respect to proceeds of collection of Accounts and
notes receivable received by the Borrower.  Lender shall
credit the proceeds of collection of Accounts and notes
receivable received by Lender to the Loan Account, such
credits to be entered as of the third business day after
receipt thereof by Lender.  Such credits shall be
conditional upon final payment in cash or solvent credits
of the items giving rise to them.  If any item is not so
paid, Lender in its discretion, whether or not the item is
returned, may either reverse any credit given for the item
or charge it to any deposit account maintained by the
Borrower with Lender.

SECTION 9. EVENTS OF DEFAULT.  ACCELERATION.  Any or all of
the Obligations of the Borrower to Lender shall at the
option of Lender and notwithstanding the provisions of any
instrument evidencing an Obligation, be immediately due and
payable without notice or demand upon the occurrence of any
of the following Events of Default: (a) default in the
payment or performance, when due or payable, of any

<PAGE>

Obligation by the Borrower or by any endorser, guarantor or
surety for any Obligation; (b) except with respect to taxes
presently due and payable or overdue, the failure of the
Borrower to pay when due any tax not being contested in
good faith or any premium on any life insurance policy
assigned to Lender as Collateral; (c) the making by the
Borrower of any misrepresentation to Lender for the purpose
of obtaining credit or an extension of credit; (d) failure
of the Borrower after request by Lender to furnish
financial information or to permit the inspection of books
or records; (e) any levy or attachment is made on any of
the Borrower's assets in which Lender has a security
interest for a claim in excess of $50,000; (f) the calling
of a meeting of creditors, appointment of a committee of
creditors or liquidating agents, or offering of a
composition or extension to creditors by, for or of the
Borrower, provided, however, that no such event shall
constitute an Event of Default if it arises out of any
attempt by the Borrower to deal with its indebtedness
existing on the date hereof; (g) Insolvency of the
Borrower; (h) after November 9, 1998 the occurrence of any
material adverse change in the condition of affairs
(financial or otherwise) of the Borrower; (i) the Borrower
ceases normal business operations for five consecutive
business days; or (j) the Borrower shall sell or otherwise
dispose of assets out of the ordinary course of business
without having obtained the prior written approval of
Lender as to the apportionment of proceeds therefrom to
repayment of the Borrower's Obligations and to its working
capital needs.

SECTION 10.  DISPOSITION OF COLLATERAL.
10.1	All goods which have given rise to Accounts (including
without limitation Accounts Receivable arising from
Lease), which are returned to or repossessed by the
Borrower, shall be set aside and marked as property of
Lender.  Lender may without notice or demand enter
upon any premises where such goods are and take
immediate possession thereof and remove the same with
or without process of law.  If within ten business
days after Lender receives written notice from the
Borrower of the issuance or intended issuance of a
credit with respect to returned or repossessed goods,
Lender fails to advise the Borrower of action Lender
proposes to take with respect to the goods, Lender
shall be deemed to release all of its right, title and
interest therein.  Thereafter the Borrower may treat
such goods as its own discharged of any security or
other interest of Lender.
10.2	Upon the occurrence of any Event of Default and at any
time thereafter (such default not having been cured),
Lender shall have the right to take immediate
possession of the Collateral, and for that purpose
Lender may, so far as the Borrower can give authority
therefor, enter upon any premise on which Collateral
may be situated and remove the same therefrom.  The
Borrower waives demand and notice with respect to and
assents to any repossession of Collateral.  Except for
Collateral which is perishable or threatens to decline
speedily in value or which is of a type customarily
sold on a recognized market, Lender shall give to the
Borrower at least five days' prior written notice of
the time and place of any public sale of Collateral or
of the time after which any private sale or any other
intended disposition is to be made, Lender shall also
have in any jurisdiction where enforcement hereof is
sought, in addition to all other rights and remedies,
the rights and remedies of a secured party under the
Uniform Commercial Code

<PAGE>

of Massachusetts.  The residue of any proceeds of
collection or sale, after satisfying all Obligations
in such order of preferences as Lender may determine
and making proper allowance for interest on
Obligations not then due, shall be credited to any
deposit account maintained by the Borrower with
Lender.  The Borrower shall remain liable for any
deficiency.
10.3	Lender may at any time in its discretion transfer any
securities or other property constituting Collateral
into its own name or that of its nominee and receive
the income thereon and hold the same as security for
Obligations or apply it on principal or interest due
on Obligations.  Insofar as Collateral shall consist
of Accounts, contract rights, other claims any rights
to the payment of money, insurance policies,
instruments, chattel paper, chooses in action or the
like, Lender may, without notice to or demand on the
Borrower, demand, collect, receipt for, settle,
compromise, adjust, use, sue for, foreclose or realize
upon Collateral as Lender may determine, whether or
not Obligations or Collateral are then due and for the
purpose of realizing Lender rights therein, Lender may
receive, open and dispose of mail addressed to
Borrower and endorse notes, checks, drafts, money
orders, documents of title or other evidences of
payment, shipment or storage or any form of Collateral
on behalf of an in the name of the Borrower.  The
powers conferred on Lender by this Section are solely
to protect the interest of the Lender and shall not
impose any duties on Lender to exercise any powers.

SECTION 11.  WARRANTS.  In consideration for Lender
providing loans referred to in Section 3.1, entering into
this Loan and Security Agreement, and for payment of $0.01
per share of Common Stock into which this Warrant is
exercisable, Borrower agrees to issue to Lender a Warrant
for the purchase of two shares of Common Stock of Cambex
Corporation for each dollar loaned to Borrower by Lender
under this Agreement.  The exercise price of the Warrants
is $0.21 per share.

SECTION 12.  WAIVERS.  The Borrower waives demand, notice,
protest, notice of acceptance of this Agreement, notice of
loans made, credit extended, Collateral received, delivered
or repossessed or other action taken in reliance hereon,
and all other demands and notices of any description.  With
respect to both Obligations and Collateral, the Borrower
assents to any extension of postponement of the time of
payment other indulgence, to any substitution, exchange or
release of Collateral, to the addition or release of any
party or person primarily or secondarily liable, to the
acceptance of partial payments thereon and the settlement,
compromising or adjusting of any thereof, all in such a
manner and at such tie or times as Lender may deem
advisable.  Lender may exercise its rights with respect to
Collateral without resorting or regard to other Collateral
or sources of reimbursement for Obligations.  Lender shall
not be deemed to have waived any of its rights upon or
under Obligations or Collateral unless such waiver be in
writing and signed by Lender.  No delay or omission on the
part of Lender in exercising any other right shall operate
as a waiver of such right or any other right.  A waiver on
any one occasion shall not be construed as a bar to or
waiver of any right on any future occasion.  All rights and
remedies of Lender on Obligations or Collateral, whether
evidenced hereby

<PAGE>

or by any other instrument or papers shall be cumulative
and may be exercised separately or concurrently.
SECTION 13.  GENERAL.  If at any time or times by
assignment or otherwise Lender transfers any Obligation and
Collateral therefor, such transfer shall carry with it
Lender's powers and rights under this Agreement with
respect to the Obligation and Collateral transferred and
the transferee shall become vested with said powers and
rights whether or not they are specifically referred to in
the transfer. Either the Borrower or Lender may terminate
this Agreement at any time upon written notice to the other
party of such termination, provided, however, that such
termination shall in no way affect any transactions entered
into or rights created or obligations incurred prior to the
receipt of such notice by the other party, as to which
transactions, rights and obligations this Agreement shall
be fully operative until the same are fully disposed of,
concluded or liquidated.  Prior to such termination, this
shall be a continuing Agreement in every respect.  This
Agreement shall be effective as a sealed instrument when it
is received at the head office of Lender in Massachusetts,
and it and all rights and obligations under it, including
matters of construction, validity and performance, shall be
governed by the laws of the Commonwealth of Massachusetts.
The provisions of this Agreement are severable, and if any
of these provisions shall be held by and court of competent
jurisdiction to be unenforceable, such holding shall not
affect or impair any other provision hereof.

CAMBEX CORPORATION				BA Associates

By:	/s/ Joseph F. Kruy		By:	/s/ Bruce D. Rozelle
Title:	President			Title:	 President

Date:	   11/9/98		Date:	   11/9/98

<PAGE>
FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT
This is the first amendment of the Loan and Security
Agreement dated November 9, 1998 between Cambex Corporation
of 360 Second Avenue, Waltham, Massachusetts 02451
("Borrower") and BA Associates, Inc. of 9 Webster Circle,
Sudbury, MA  01776 ("Lender").
Section 3.1 as written in the Agreement is deleted and
replaced with the following:
3.1	The Borrower requested and Lender hereby agrees
to make a Loan to Borrower from time to time as
required by Borrower of up to a maximum of Five
Hundred Thousand Dollars ($500,000) being outstanding
at any one time and enter the amount as debits in the
Loan Account.  Lender shall also record in the Loan
Account all payments made by the Borrower on account
of indebtedness evidenced by the Loan Account and all
proceeds of Collateral which are finally paid to
Lender at its office in cash or solvent credits, and
may record therein, in accordance with customary
accounting practice, other debits and credits,
including all charges and expenses properly chargeable
to the Borrower, and any other Obligation.  The debit
balance of the Loan Account shall reflect the amount
of the Borrower's indebtedness to Lender from time to
time by reason of loans and other appropriate charges
hereunder.  At least once each month Lender shall
render a statement of account showing as of its date
the debit balance of the Loan Account which, unless
within thirty days of such date notice to the contrary
is received by Lender from the Borrower, shall be
considered correct and accepted by and conclusively
binding upon the Borrower.

Agreed to and accepted by:
CAMBEX CORPORATION				BA Associates

By:	/s/ Joseph F. Kruy		By:	/s/ Bruce D. Rozelle
Title:	/s/ President			Title:	/s/ President
Date:	  3/15/99				Date:	   3/15/99

<PAGE>

SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENT
This is the second amendment of the Loan and Security
Agreement dated November 9, 1998 between Cambex Corporation
of 360 Second Avenue, Waltham, Massachusetts 02451
("Borrower") and BA Associates, Inc. of 9 Webster Circle,
Sudbury, MA  01776 ("Lender").
Section 3.1 as written in the Agreement is deleted and
replaced with the following:
3.1	The Borrower requested and Lender hereby agrees
to make a loan to Borrower from time to time as
required by Borrower of up to a maximum of Six Hundred
and Fifty Thousand Dollars ($650,000) being
outstanding at any one time and enter the amount as
debits in the Loan Account.  Lender shall also record
in the Loan Account all payments made by the Borrower
on account of indebtedness evidenced by the Loan
Account and all proceeds of Collateral which are
finally paid to Lender at its office in cash or
solvent credits, and may record therein, in accordance
with customary accounting practice, other debits and
credits, including all charges and expenses properly
chargeable to the Borrower, and any other Obligation.
The debit balance of the Loan Account shall reflect
the amount of the Borrower's indebtedness to Lender
from time to time by reason of loans and other
appropriate charges hereunder.  At least once each
month Lender shall render a statement of account
showing as of its date the debit balance of the Loan
Account which, unless within thirty days of such date
notice to the contrary is received by Lender from the
Borrower, shall be considered correct and accepted by
and conclusively binding upon the Borrower.

Agreed to and accepted by:
CAMBEX CORPORATION				BA Associates

By:	/s/ Joseph F. Kruy		By:	/s/ Bruce D. Rozelle

Title:	President			Title:	 President

Date:	  6/1/99			Date:	   6/1/99

<PAGE>

FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT
This is the fourth amendment of the Loan and Security
Agreement dated November 9, 1988 between Cambex Corporation
of 360 Second Avenue, Waltham, Massachusetts 02451
("Borrower") and BA Associates, Inc. of 9 Webster Circle,
Sudbury, MA  01776 ("Lender").
Section 3.1 as written in the Agreement is deleted and
replaced with the following:
3.1	The Borrower requested and Lender hereby agrees
to make a loan to Borrower from time to time as
required by Borrower of up to a maximum of One Million
Dollars ($1,000,000) being outstanding at any one time
and enter the amount as debits in the Loan Account.
Lender shall also record in the Loan Account all
payments made by the Borrower on account of
indebtedness evidenced by the Loan Account and all
proceeds of Collateral which are finally paid to
Lender at its office in cash or solvent credits, and
may record therein, in accordance with customary
accounting practice, other debits and credits,
including all charges and expenses properly chargeable
to the Borrower, and any other Obligation.  The debit
balance of the Loan Account shall reflect the amount
of the Borrower's indebtedness to Lender from time to
time by reason of loans and other appropriate charges
hereunder.  At least once each month Lender shall
render a statement of account showing as of its date
the debit balance of the Loan Account which, unless
within thirty days of such date notice to the contrary
is received by Lender from the Borrower, shall be
considered correct and accepted by and conclusively
binding upon the Borrower.
In consideration for increasing the amount of available
funds that Cambex Corporation ("Borrower") may borrow,
Borrower agrees to issue to BA Associates ("Lender") a
Warrant for the purchase of 350,000 (Three Hundred and
Fifty Thousand) shares of Cambex Corporation Common Stock.
The exercise price of the Warrant is $1.25 (one dollar and
twenty-five cents) per share.
Agreed to and accepted by:
Cambex Corporation					BA Associates

By:	/s/ Joseph F. Kruy			By:/s/ Bruce D. Rozelle

Title:	President				Title:President

Date:	  11/9/00				Date:  11/9/00NY:112475.1                                               9
NY:112475.1                                               1
                                                                       EXHIBIT D

NEITHER  THIS WARRANT NOR THE SHARES  ISSUABLE  UPON  EXERCISE  HEREOF HAVE BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE  "SECURITIES  ACT")
OR ANY OTHER  APPLICABLE  SECURITIES LAWS IN RELIANCE UPON AN EXEMPTION FROM THE
REGISTRATION  REQUIREMENTS OF THE SECURITIES ACT AND SUCH OTHER SECURITIES LAWS.
NEITHER THIS WARRANT NOR THE SHARES  ISSUABLE UPON EXERCISE  HEREOF MAY BE SOLD,
PLEDGED, TRANSFERRED,  ENCUMBERED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN
EFFECTIVE  REGISTRATION  STATEMENT  UNDER THE SECURITIES ACT OR IN A TRANSACTION
WHICH IS EXEMPT FROM REGISTRATION UNDER THE PROVISIONS OF THE SECURITIES ACT.

                             STOCK PURCHASE WARRANT

                  To Purchase 50,000 Shares of Common Stock of

                        Paradigm Medical Industries, Inc.

     THIS  CERTIFIES  that,  for value  received,  Triton West Group,  Inc. (the
"Holder"), is entitled, upon the terms and subject to the conditions hereinafter
set forth, at any time on or December 30, 2000 (the "Initial Exercise Date") and
on or prior to the close of  business on  December  30,  2003 (the  "Termination
Date") but not thereafter,  to subscribe for and purchase from Paradigm  Medical
Industries,  Inc., a Nevada  corporation (the  "Company"),  up to fifty thousand
(50,000) shares (the "Warrant Shares") of Common Stock, $0.001 par value, of the
Company (the "Common  Stock").  The purchase  price of one share of Common Stock
(the  "Exercise  Price") under this Warrant shall be $7.2656 (125% of the lowest
closing bid price during the five Trading Days immediately preceding the initial
Closing Date). The Exercise Price and the number of shares for which the Warrant
is exercisable  shall be subject to adjustment as provided herein.  In the event
of any conflict between the terms of this Warrant and the Private Equity Line of
Credit  Agreement  dated June 30, 2000  pursuant to which this  Warrant has been
issued  (the  "Purchase  Agreement"),  the  Purchase  Agreement  shall  control.
Capitalized  terms used and not otherwise defined herein shall have the meanings
set forth for such terms in the Purchase Agreement.
<PAGE>

     1.  Title  to  Warrant.  Prior  to the  Termination  Date  and  subject  to
compliance  with  applicable  laws,  this Warrant and all rights  hereunder  are
transferable, in whole or in part, at the office or agency of the Company by the
holder hereof in person or by duly authorized  attorney,  upon surrender of this
Warrant together with the Assignment Form annexed hereto properly endorsed.

     2. Authorization of Shares. The Company covenants that all shares of Common
Stock  which may be issued  upon the  exercise  of  rights  represented  by this
Warrant will, upon exercise of the rights  represented by this Warrant,  be duly
authorized,  validly  issued,  fully  paid and  nonassessable  and free from all
taxes,  liens and charges in respect of the issue  thereof  (other than taxes in
respect of any transfer occurring contemporaneously with such issue).

     3. Exercise of Warrant. Except as provided in Section 4 herein, exercise of
the purchase rights represented by this Warrant may be made at any time or times
on or after the Initial  Exercise  Date, and before the close of business on the
Termination Date.  Exercise of this Warrant or any part hereof shall be effected
by the surrender of this Warrant and the Notice of Exercise Form annexed  hereto
duly  executed,  at the office of the Company (or such other office or agency of
the Company as it may  designate by notice in writing to the  registered  holder
hereof at the address of such holder  appearing on the books of the Company) and
upon  payment of the  Exercise  Price of the shares  thereby  purchased  by wire
transfer or cashier's  check drawn on a United  States bank,  the holder of this
Warrant shall be entitled to receive a  certificate  for the number of shares of
Common Stock so purchased.  Certificates for shares purchased hereunder shall be
delivered to the holder  hereof  within three (3) Trading Days after the date on
which this Warrant shall have been exercised as aforesaid. This Warrant shall be
deemed to have been  exercised and such  certificate  or  certificates  shall be
deemed to have been issued,  and Holder or any other person so  designated to be
named  therein  shall be deemed to have become a holder of record of such shares
for all  purposes,  as of the date the Warrant has been  exercised by payment to
the Company of the Exercise  Price and all taxes  required to be paid by Holder,
if any,  pursuant to Section 5 prior to the issuance of such  shares,  have been
paid. If this Warrant shall have been exercised in part,  the Company shall,  at
the time of delivery of the  certificate or  certificates  representing  Warrant
Shares,  deliver  to Holder a new  Warrant  evidencing  the  rights of Holder to
purchase the  unpurchased  shares of Common  Stock  called for by this  Warrant,
which new Warrant shall in all other respects be identical with this Warrant.

     4.  No  Fractional   Shares  or  Scrip.  No  fractional   shares  or  scrip
representing  fractional  shares  shall  be  issued  upon the  exercise  of this
Warrant.  As to any fraction of a share which Holder would otherwise be entitled
to purchase  upon such  exercise,  the Company  shall pay a cash  adjustment  in
respect of such final fraction in an amount equal to the Exercise Price.

     5. Charges,  Taxes and  Expenses.  Issuance of  certificates  for shares of
Common Stock upon the exercise of this Warrant  shall be made without  charge to
the holder hereof for any issue or transfer tax or other  incidental  expense in
respect of the  issuance of such  certificate,  all of which taxes and  expenses
shall be paid by the Company,  and such certificates shall be issued in the name
<PAGE>

of the holder of this Warrant or in such name or names as may be directed by the
holder of this Warrant;  provided,  however,  that in the event certificates for
shares of Common  Stock  are to be issued in a name  other  than the name of the
holder of this  Warrant,  this Warrant when  surrendered  for exercise  shall be
accompanied by the Assignment  Form attached  hereto duly executed by the holder
hereof; and the Company may require,  as a condition  thereto,  the payment of a
sum sufficient to reimburse it for any transfer tax incidental thereto.

     6. Closing of Books.  The Company will not close its  shareholder  books or
records in any manner which prevents the timely exercise of this Warrant.

     7. Transfer,  Division and Combination.  (a) Subject to compliance with any
applicable  securities laws,  transfer of this Warrant and all rights hereunder,
in whole or in part,  shall be  registered  on the  books of the  Company  to be
maintained  for such  purpose,  upon  surrender of this Warrant at the principal
office of the  Company,  together  with a  written  assignment  of this  Warrant
substantially  in the form attached  hereto duly executed by Holder or its agent
or attorney  and funds  sufficient  to pay any transfer  taxes  payable upon the
making of such transfer. Upon such surrender and, if required, such payment, the
Company  shall  execute and deliver a new Warrant or Warrants in the name of the
assignee or assignees and in the denomination or denominations specified in such
instrument  of  assignment,  and  shall  issue  to the  assignor  a new  Warrant
evidencing  the portion of this Warrant not so assigned,  and this Warrant shall
promptly be cancelled.  A Warrant,  if properly assigned,  may be exercised by a
new holder  for the  purchase  of shares of Common  Stock  without  having a new
Warrant issued.

         (b) This Warrant may be divided or combined  with other  Warrants  upon
presentation  hereof at the  aforesaid  office of the Company,  together  with a
written notice  specifying the names and denominations in which new Warrants are
to be issued,  signed by Holder or its agent or attorney.  Subject to compliance
with Section 7(a), as to any transfer  which may be involved in such division or
combination,  the Company shall execute and deliver a new Warrant or Warrants in
exchange  for the Warrant or  Warrants  to be divided or combined in  accordance
with such notice.

         (c) The  Company  shall  prepare,  issue and deliver at its own expense
(other than transfer taxes) the new Warrant or Warrants under this Section 7.

         (d) The Company agrees to maintain,  at its aforesaid office, books for
the registration and the registration of transfer of the Warrants.

     8. No Rights as Shareholder  until Exercise.  This Warrant does not entitle
the holder hereof to any voting  rights or other rights as a shareholder  of the
Company prior to the exercise hereof. Upon the surrender of this Warrant and the
payment of the aggregate  Exercise Price,  the Warrant Shares so purchased shall
be and be deemed to be issued to such holder as the record  owner of such shares
as of the  close of  business  on the  later of the  date of such  surrender  or
payment.

     9. Loss, Theft, Destruction or Mutilation of Warrant. The Company covenants
that upon receipt by the Company of evidence  reasonably  satisfactory  to it of
the loss,  theft,  destruction or mutilation of this Warrant  certificate or any
stock certificate  relating to the Warrant Shares, and in case of loss, theft or
<PAGE>

destruction, of indemnity or security reasonably satisfactory to it (which shall
not include the posting of any bond),  and upon  surrender and  cancellation  of
such  Warrant or stock  certificate,  if  mutilated,  the Company  will make and
deliver a new  Warrant or stock  certificate  of like tenor and dated as of such
cancellation, in lieu of such Warrant or stock certificate.

     10. Saturdays, Sundays, Holidays, etc. If the last or appointed day for the
taking of any action or the  expiration of any right  required or granted herein
shall be a Saturday, Sunday or a legal holiday, then such action may be taken or
such right may be exercised on the next succeeding day not a Saturday, Sunday or
legal holiday.

     11.  Adjustments of Exercise Price and Number of Warrant Shares.  (a) Stock
Splits, etc. The number and kind of securities  purchasable upon the exercise of
this Warrant and the Exercise Price shall be subject to adjustment  from time to
time upon the happening of any of the  following.  In case the Company shall (i)
pay a dividend  in shares of Common  Stock or make a  distribution  in shares of
Common Stock to holders of its  outstanding  Common  Stock,  (ii)  subdivide its
outstanding  shares of Common  Stock  into a greater  number of shares of Common
Stock,  (iii)  combine  its  outstanding  shares of Common  Stock into a smaller
number of shares of Common  Stock or (iv) issue any shares of its capital  stock
in a  reclassification  of the Common Stock,  then the number of Warrant  Shares
purchasable  upon  exercise of this Warrant  immediately  prior thereto shall be
adjusted  so that the holder of this  Warrant  shall be  entitled to receive the
kind and number of Warrant  Shares or other  securities  of the Company which he
would  have  owned or have  been  entitled  to  receive  had such  Warrant  been
exercised in advance  thereof.  Upon each such adjustment of the kind and number
of Warrant  Shares or other  securities  of the  Company  which are  purchasable
hereunder,  the holder of this Warrant shall  thereafter be entitled to purchase
the number of Warrant Shares or other securities  resulting from such adjustment
at an Exercise Price per Warrant Share or other security obtained by multiplying
the Exercise Price in effect  immediately prior to such adjustment by the number
of  Warrant  Shares  purchasable  pursuant  hereto  immediately  prior  to  such
adjustment and dividing by the number of Warrant  Shares or other  securities of
the Company resulting from such adjustment.  An adjustment made pursuant to this
paragraph shall become  effective  immediately  after the effective date of such
event retroactive to the record date, if any, for such event.

         (b)   Reorganization,   Reclassification,   Merger,   Consolidation  or
Disposition  of  Assets.  In case the  Company  shall  reorganize  its  capital,
reclassify  its  capital  stock,  consolidate  or  merge  with or  into  another
corporation  (where the Company is not the surviving  corporation or where there
is a change in or distribution with respect to the Common Stock of the Company),
or sell, transfer or otherwise dispose of all or substantially all its property,
assets or business  to another  corporation  and,  pursuant to the terms of such
reorganization,   reclassification,  merger,  consolidation  or  disposition  of
assets, shares of common stock of the successor or acquiring corporation, or any
cash,  shares of stock or other securities or property of any nature  whatsoever
(including  warrants or other subscription or purchase rights) in addition to or
in lieu of  common  stock of the  successor  or  acquiring  corporation  ("Other
Property"),  are to be received by or distributed to the holders of Common Stock
of the Company,  then Holder shall have the right  thereafter  to receive,  upon
exercise of this Warrant,  the number of shares of common stock of the successor
<PAGE>

or acquiring corporation or of the Company, if it is the surviving  corporation,
and  Other  Property  receivable  upon or as a  result  of such  reorganization,
reclassification,  merger, consolidation or disposition of assets by a holder of
the  number of shares of Common  Stock for which  this  Warrant  is  exercisable
immediately   prior  to  such  event.  In  case  of  any  such   reorganization,
reclassification,  merger, consolidation or disposition of assets, the successor
or acquiring  corporation (if other than the Company) shall expressly assume the
due and  punctual  observance  and  performance  of each and every  covenant and
condition of this  Warrant to be  performed  and observed by the Company and all
the obligations and liabilities hereunder,  subject to such modifications as may
be deemed appropriate (as determined in good faith by resolution of the Board of
Directors  of the  Company)  in order to provide  for  adjustments  of shares of
Common  Stock for which this  Warrant is  exercisable  which  shall be as nearly
equivalent as  practicable to the  adjustments  provided for in this Section 11.
For purposes of this  Section 11,  "common  stock of the  successor or acquiring
corporation"  shall include stock of such  corporation of any class which is not
preferred  as to  dividends  or  assets  over any  other  class of stock of such
corporation  and which is not subject to  redemption  and shall also include any
evidences  of  indebtedness,  shares  of  stock or other  securities  which  are
convertible into or exchangeable for any such stock,  either immediately or upon
the arrival of a specified  date or the  happening of a specified  event and any
warrants  or other  rights to  subscribe  for or purchase  any such  stock.  The
foregoing  provisions  of this Section 11 shall  similarly  apply to  successive
reorganizations,  reclassifications,  mergers,  consolidations or disposition of
assets.

     12. Voluntary Adjustment by the Company. The Company may at any time during
the term of this Warrant,  reduce the then current  Exercise Price to any amount
and for any period of time deemed  appropriate  by the Board of Directors of the
Company.

     13. Notice of  Adjustment.  Whenever the number of Warrant Shares or number
or kind of securities or other  property  purchasable  upon the exercise of this
Warrant or the Exercise Price is adjusted as herein provided,  the Company shall
promptly mail by registered or certified mail, return receipt requested,  to the
holder of this Warrant notice of such  adjustment or  adjustments  setting forth
the number of Warrant Shares (and other securities or property) purchasable upon
the exercise of this Warrant and the Exercise  Price of such Warrant Shares (and
other  securities  or property)  after such  adjustment,  setting  forth a brief
statement  of  the  facts  requiring  such  adjustment  and  setting  forth  the
computation by which such  adjustment was made.  Such notice,  in the absence of
manifest  error,  shall  be  conclusive  evidence  of the  correctness  of  such
adjustment.

     14. Notice of Corporate Action. If at any time:

         (a) the Company  shall take a record of the holders of its Common Stock
for the purpose of entitling  them to receive a dividend or other  distribution,
or any right to subscribe for or purchase any evidences of its indebtedness, any
shares of stock of any class or any other securities or property,  or to receive
any other right, or

         (b) there  shall be any  capital  reorganization  of the  Company,  any
reclassification  or recapitalization of the capital stock of the Company or any
consolidation  or merger of the  Company  with,  or any sale,  transfer or other
disposition of all or substantially all the property,  assets or business of the
Company to, another corporation or,

         (c) there shall be a voluntary or involuntary dissolution,  liquidation
or winding up of the Company;
<PAGE>

then, in any one or more of such cases,  the Company shall give to Holder (i) at
least 30 calendar  days' prior written notice of the date on which a record date
shall be selected for such dividend,  distribution  or right or for  determining
rights to vote in respect of any such reorganization,  reclassification, merger,
consolidation, sale, transfer, disposition,  liquidation or winding up, and (ii)
in the case of any such reorganization, reclassification, merger, consolidation,
sale, transfer, disposition, dissolution, liquidation or winding up, at least 30
calendar  days' prior written notice of the date when the same shall take place.
Such notice in accordance  with the foregoing  clause also shall specify (i) the
date on which any such record is to be taken for the  purpose of such  dividend,
distribution  or right,  the date on which the holders of Common  Stock shall be
entitled  to any such  dividend,  distribution  or  right,  and the  amount  and
character  thereof,  and  (ii)  the  date  on  which  any  such  reorganization,
reclassification,    merger,   consolidation,   sale,   transfer,   disposition,
dissolution,  liquidation  or winding  up is to take place and the time,  if any
such  time is to be fixed,  as of which the  holders  of Common  Stock  shall be
entitled  to  exchange  their  shares of Common  Stock for  securities  or other
property deliverable upon such disposition,  dissolution, liquidation or winding
up. Each such written notice shall be sufficiently  given if addressed to Holder
at the  last  address  of  Holder  appearing  on the  books of the  Company  and
delivered  in  accordance  with  Section  16(d).  To the extent  that the notice
required to be given to Holder  hereunder is material,  non-public  information,
then such Holder shall sign such  confidentiality  agreement with the Company as
it or its  counsel  may  reasonably  require to protect  against  the  premature
disclosure of such event.

     15.  Authorized  Shares.  The Company  covenants that during the period the
Warrant is outstanding,  it will reserve from its authorized and unissued Common
Stock a  sufficient  number of shares to provide for the issuance of the Warrant
Shares upon the exercise of any purchase rights under this Warrant.  The Company
further  covenants  that its  issuance of this  Warrant  shall  constitute  full
authority  to its  officers  who are charged  with the duty of  executing  stock
certificates  to execute and issue the  necessary  certificates  for the Warrant
Shares upon the exercise of the purchase rights under this Warrant.  The Company
will take all such  reasonable  action as may be  necessary  to assure that such
Warrant  Shares  may be issued  as  provided  herein  without  violation  of any
applicable law or regulation,  or of any  requirements  of the Principal  Market
upon which the Common Stock may be listed.

         The Company  shall not by any action,  including,  without  limitation,
amending  its  certificate  of  incorporation  or  through  any  reorganization,
transfer  of  assets,  consolidation,  merger,  dissolution,  issue  or  sale of
securities or any other voluntary action,  avoid or seek to avoid the observance
or  performance  of any of the terms of this  Warrant,  but will at all times in
good faith assist in the carrying out of all such terms and in the taking of all
such actions as may be necessary or  appropriate to protect the rights of Holder
against  impairment.  Without  limiting the  generality  of the  foregoing,  the
Company  will (a) not  increase  the par value of any  shares  of  Common  Stock
receivable  upon the exercise of this Warrant above the amount payable  therefor
upon such exercise immediately prior to such increase in par value, (b) take all
such action as may be  necessary  or  appropriate  in order that the Company may
validly and legally  issue fully paid and  nonassessable  shares of Common Stock
upon the  exercise  of this  Warrant,  and (c) use all  commercially  reasonable
efforts to obtain  all such  authorizations,  exemptions  or  consents  from any
public regulatory body having jurisdiction thereof as may be necessary to enable
the Company to perform its obligations under this Warrant.
<PAGE>

         Upon the  request of Holder,  the  Company  will at any time during the
period this Warrant is outstanding  acknowledge in writing,  in form  reasonably
satisfactory  to  Holder,  the  continuing  validity  of  this  Warrant  and the
obligations of the Company hereunder.

         Before taking any action which would cause an  adjustment  reducing the
current Exercise Price below the then par value, if any, of the shares of Common
Stock  issuable  upon  exercise  of the  Warrants,  the  Company  shall take any
corporate  action  which may be  necessary in order that the Company may validly
and legally issue fully paid and  non-assessable  shares of such Common Stock at
such adjusted Exercise Price.

         Before  taking any action  which would result in an  adjustment  in the
number of shares of Common Stock for which this Warrant is exercisable or in the
Exercise Price, the Company shall obtain all such  authorizations  or exemptions
thereof,  or consents  thereto,  as may be necessary from any public  regulatory
body or bodies having jurisdiction thereof.

     16. Miscellaneous.

         (a) Jurisdiction.  This Warrant shall be binding upon any successors or
assigns of the Company.  This Warrant shall constitute a contract under the laws
of Delaware  without regard to its conflict of law  principles or rules,  and be
subject  to  arbitration  pursuant  to the  terms  set  forth  in  the  Purchase
Agreement.

         (b)  Restrictions.  The holder  hereof  acknowledges  that the  Warrant
Shares acquired upon the exercise of this Warrant, if not registered,  will have
restrictions upon resale imposed by state and federal securities laws.

         (c)  Nonwaiver  and  Expenses.  No  course of  dealing  or any delay or
failure to exercise any right hereunder on the part of Holder shall operate as a
waiver of such right or otherwise prejudice Holder's rights, powers or remedies,
notwithstanding  all rights hereunder  terminate on the Termination Date. If the
Company  willfully fails to comply with any material  provision of this Warrant,
the Company shall pay to Holder such amounts as shall be sufficient to cover any
costs and expenses  including,  but not limited to, reasonable  attorneys' fees,
including those of appellate  proceedings,  incurred by Holder in collecting any
amounts due pursuant hereto or in otherwise enforcing any of its rights,  powers
or remedies hereunder.

         (d)  Notices.  Any  notice,  request  or  other  document  required  or
permitted to be given or delivered to the holder  hereof by the Company shall be
delivered in accordance with the notice provisions of the Purchase Agreement.

         (e)  Limitation of Liability.  No provision  hereof,  in the absence of
affirmative  action by  Holder  to  purchase  shares  of  Common  Stock,  and no
enumeration herein of the rights or privileges of Holder hereof, shall give rise
to any  liability of Holder for the  purchase  price of any Common Stock or as a
stockholder of the Company, whether such liability is asserted by the Company or
by creditors of the Company.
<PAGE>

         (f)  Remedies.  Holder,  in addition to being  entitled to exercise all
rights  granted by law,  including  recovery  of  damages,  will be  entitled to
specific  performance of its rights under this Warrant.  The Company agrees that
monetary  damages  would not be adequate  compensation  for any loss incurred by
reason of a breach by it of the  provisions of this Warrant and hereby agrees to
waive the defense in any action for  specific  performance  that a remedy at law
would be adequate.

         (g) Successors and Assigns. Subject to applicable securities laws, this
Warrant  and the rights and  obligations  evidenced  hereby  shall  inure to the
benefit of and be binding upon the  successors of the Company and the successors
and permitted assigns of Holder.  The provisions of this Warrant are intended to
be for the benefit of all Holders from time to time of this Warrant and shall be
enforceable by any such Holder or holder of Warrant Shares.

         (h) Indemnification.  The Company agrees to indemnify and hold harmless
Holder  from  and  against  any  liabilities,   obligations,   losses,  damages,
penalties,  actions,  judgments, suits, claims, costs, attorneys' fees, expenses
and disbursements of any kind which may be imposed upon, incurred by or asserted
against  Holder in any manner  relating  to or arising out of any failure by the
Company to perform or observe  in any  material  respect  any of its  covenants,
agreements,  undertakings  or obligations  set forth in this Warrant;  provided,
however,  that the Company  will not be liable  hereunder to the extent that any
liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
claims,  costs,  attorneys' fees, expenses or disbursements are found in a final
non-appealable  judgment by a court to have resulted  from Holder's  negligence,
bad  faith  or  willful   misconduct  in  its  capacity  as  a  stockholder   or
warrantholder of the Company.

         (i)  Amendment.  This  Warrant  may  be  modified  or  amended  or  the
provisions hereof waived with the written consent of the Company and the Holder.

         (j)  Severability.  Wherever  possible,  each provision of this Warrant
shall  be  interpreted  in  such  manner  as to be  effective  and  valid  under
applicable  law, but if any  provision of this Warrant shall be prohibited by or
invalid under  applicable law, such provision shall be ineffective to the extent
of such  prohibition or invalidity,  without  invalidating the remainder of such
provisions or the remaining provisions of this Warrant.

         (k) Headings. The headings used in this Warrant are for the convenience
of  reference  only and shall  not,  for any  purpose,  be deemed a part of this
Warrant.

     IN WITNESS  WHEREOF,  the Company has caused this Warrant to be executed by
its officer thereunto duly authorized.

Dated: June 30, 2000
                                            Paradigm Medical Industries, Inc.

                                            By: /s/ Thomas F. Motter
                                                Thomas F. Motter, Chairman & CEO
<PAGE>

NY:112475.1
                               NOTICE OF EXERCISE

To:      Paradigm Medical Industries, Inc.

     (1)______The  undersigned  hereby  elects to  purchase  ________  shares of
Common Stock (the "Common Stock"), of Paradigm Medical Industries, Inc. pursuant
to the terms of the  attached  Warrant,  and  tenders  herewith  payment  of the
exercise price in full, together with all applicable transfer taxes, if any.

     (2)______Please  issue a  certificate  or  certificates  representing  said
shares of Common Stock in the name of the  undersigned  or in such other name as
is specified below:

        _________________________________________________
        (Name)

        _________________________________________________
        (Address)

Dated:

                      _____________________________________
                      Signature

<PAGE>

                                 ASSIGNMENT FORM

                    (To assign the foregoing warrant, execute
                   this form and supply required information.
                 Do not use this form to exercise the warrant.)

     FOR VALUE RECEIVED,  the foregoing Warrant and all rights evidenced thereby
are hereby assigned to

_______________________________________________ whose address is

_______________________________________________________________.

_______________________________________________________________

                         Dated: ______________, _______

                         Holder's Signature: _____________________________

                         Holder's Address:________________________________

                                          ________________________________

Signature Guaranteed:  ___________________________________________

NOTE: The signature to this  Assignment Form must correspond with the name as it
appears on the face of the Warrant,  without  alteration or  enlargement  or any
change whatsoever,  and must be guaranteed by a bank or trust company.  Officers
of  corporations  and  those  acting  in an  fiduciary  or other  representative
capacity  should  file  proper  evidence of  authority  to assign the  foregoing
Warrant.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00018-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00018-of-00352.parquet"}]]