Document:

AMENDMENT

         AMENDMENT dated August 10, 2000 (the "Amendment") to the Securities
Purchase Agreement dated April 14, 2000 (the "Purchase Agreement") and related
Transaction Documents (as defined in the Purchase Agreement) between World Wide
Wireless Communications, Inc. (the "Company") and each of: Esquire Trading &
Finance, Inc. ("Esquire"), Amro International, S.A. ("Amro"), Celeste Trust Reg.
("Celeste"), The Endeavor Capital Fund, S.A. ("Endeavor"), Nesher, Ltd.
("Nesher"), The Keshet Fund, L.P. ("Keshet Fund") and Keshet, L.P. ("Keshet").
Esquire, Amro, Celeste, Endeavor, Keshet Fund and Keshet are each referred to
herein as a "Purchaser." All capitalized terms not otherwise defined herein
shall have the meaning ascribed to such terms in the Purchase Agreement.

         WHEREAS, the Purchasers desire to continue their investment in the
Company as contemplated by the Purchase Agreement as amended hereby; and

         WHEREAS, the Purchasers have made certain concessions to the Company in
respect of their rights and the Company's obligations under the Transaction
Documents; and

         WHEREAS, the Company wishes to obtain the additional financing
contemplated by the Purchase Agreement under the terms of the Transaction
Documents as amended hereby,

         NOW, THEREFORE, in consideration of the premises and the mutual
agreements contained herein, and for other good and valuable consideration, the
adequacy and receipt of which are hereby acknowledged, the Company and each
Purchaser hereby restate their respective representations, warranties and
covenants as contained in the Transaction Documents as of the date hereof and
agree to amend the Transaction Documents as follows:

1.       August 10, 2000 (the "Amendment Closing Date") shall be the Subsequent
         Closing Date for all purposes under the Transaction Documents and upon
         the purchase of the securities contemplated by this Amendment, the
         Purchasers shall have no further obligation to purchase securities from
         the Company.

2.       Talbiya B Investments Ltd. is hereby joined as a Purchaser to the
         Securities Purchase Agreement, as amended hereby and as a Purchaser to
         the Registration Rights Agreement, as amended hereby.

3.       The total number of shares of Common Stock to be issued and delivered
         by the Company to the Purchasers pursuant to the Purchase Agreement
         shall be 2,128,000 of which 760,000 were the Initial Shares issued and
         delivered on the Initial Closing Date, 760,000 shall be shares issued
         and delivered by the Company on the Amendment Closing Date in
         consideration of the Purchasers' forbearance of their rights under the
         Transaction Documents (the "Consideration Shares") and 608,000 shall be
         Additional Shares issued and delivered by the Company on the Amendment
         Closing Date. The Consideration Shares shall for all purposes under the
         Transaction Documents (other than with respect to the consideration
         payable to the Company in respect of such shares) be Additional Shares
         subject to all the representations and warranties, and rights and
         obligations of the parties pertaining to Additional Shares. The number
         of Consideration Shares, Additional Shares, Convertible Securities and
         Additional Warrants to be issued and delivered to each Purchaser and
         the Additional Purchase Price payable therefor is identified on
         Schedule 1 (the "Amended Schedule 2") attached hereto, which Amended
         Schedule 2 shall supersede and replace Schedule 2 to the Purchase
         Agreement.

4.       The definition of "Effectiveness Date" in the Registration Rights
         Agreement is hereby deleted and replaced with:

                  ""Effectiveness Date" means September 8, 2000."

<PAGE>

         Each Purchaser hereby waives any remedies which may have accrued in
         favor of such Purchaser against the Company as a result of the
         Company's failure to comply, prior to the Amendment Closing Date, with
         the provisions of Section 7(e)(A) of the Registration Rights Agreement.
         Notwithstanding the foregoing, if the Company does not comply with the
         provisions of Section 7(e)(A) after the Amendment Closing Date giving
         effect to the additional time given to the Company as a result of the
         amended "Effectiveness Date," (i) such waiver shall be of no further
         force and effect and (ii) all the rights and remedies available to the
         Purchasers shall be based upon the unamended Effectiveness Date.

5.       Paragraph 4(c)(i) of the Debentures (including those issued on the
         Initial Closing Date and those to be issued on the Amendment Closing
         Date) shall be amended and restated as follows:

                  "The conversion price for the Debentures (the "Conversion
                  Price") in effect on any Conversion Date shall be the lesser
                  of (A) an amount equal to 110% of the average Per Share Market
                  Value for the five (5) consecutive Trading Days immediately
                  preceding the Original Issue Date (the "Fixed Conversion
                  Price") and (B) an amount equal to 85% of the average Per
                  Share Market Value for the five (5) consecutive Trading Days
                  immediately prior to the Conversion Date; provided, however,
                  that, in any Conversion Notice, a Holder may specify a
                  Conversion Price higher than the Conversion Price then in
                  effect; provided further that, if during any period (a
                  "Black-out Period"), a Holder is unable to trade any Common
                  Stock issued or issuable upon conversion of Debentures
                  immediately due to the postponement of filing or delay or
                  suspension of effectiveness of a registration statement or
                  because the Company has otherwise informed such Holder that an
                  existing prospectus cannot be used at that time in the sale or
                  transfer of such Common Stock, such Holder shall have the
                  option but not the obligation on any Conversion Date within
                  ten Trading Days following the expiration of the Black-out
                  Period of using the Conversion Price applicable on such
                  Conversion Date or any Conversion Price selected by such
                  Holder that would have been applicable had such Conversion
                  Date been at any earlier time during the Black-out Period or
                  within the ten Trading Days thereafter; provided further, that
                  in no event shall the Conversion Price be below the Floor
                  Price. "Floor Price" shall mean $1.00 for the period beginning
                  on August 10, 2000 and ending on October 14, 2000, $0.64 from
                  the period beginning on October 14, 2000 and ending on April
                  14, 2001, and zero thereafter. Notwithstanding the foregoing,
                  if the Company's revenues for the fiscal year ending December
                  31, 2000, as shown in the Company's Annual Report on Form 10-K
                  for the fiscal year ending December 31, 2000, are less than
                  $13.5 million (such revenues shall be presumed to be less than
                  13.5 million in the event the Company does not file a Form
                  10-K by March 31, 2001), then from and after April 1, 2001 the
                  Floor Price shall be zero."

         On the Amendment Closing Date, the Company shall issue and deliver to
         each Purchaser a new Debenture certificate (in the same principal
         amount issued to such Purchaser on the Initial Closing Date) reflecting
         the foregoing amendment with an Original Issue Date (as defined
         therein) of April 14, 2000.

6.       The definition of "Warrant Price" in the Warrants issued by the Company
         on the Initial Closing Date is hereby deleted and replaced with:

                  ""Warrant Price" means a price equal to $2.00, as such price
                  may be adjusted from time to time as shall result from the
                  adjustments specified in Section 4 hereof."

         The Company shall issue and deliver to each Purchaser on the Amendment
         Closing Date new certificates for the Warrants (in the amounts issued
         to such Purchaser on the Initial Closing Date) reflecting the foregoing
         amendment with an Original Issue Date (as defined therein) of April 14,
         2000.

7.       The form of Certificate of Designations attached to the Purchase
         Agreement shall be superseded and replaced by the Amended Form of
         Certificate of Designations attached hereto as Exhibit A.

                                      -2-
<PAGE>

8.       The Company shall pay the reasonable fees and expenses of Stroock &
         Stroock & Lavan, counsel for the Purchasers, in connection with the
         negotiation and performance of this Amendment.

9.       As a condition precedent to the obligations of the Purchasers under
         this Amendment (including payment of the Additional Purchase Price),
         the Company shall have delivered to the Purchasers an opinion from
         counsel to the Company addressed to the Purchasers, in form and
         substance satisfactory to the Purchasers, in respect of (i) the
         Company's authority to execute and deliver this Amendment, (ii) the
         enforceability this Amendment, (iii) the enforceability of the
         Transaction Documents (as amended hereby) to which the Company is a
         party, and (iv) such other customary legal matters as the Purchasers
         shall request.

         All provisions of the Transaction Documents, except as amended herein,
shall continue in full force and effect. This Amendment may be executed in two
or more counterparts, all of which when taken together shall be considered one
and the same agreement and shall become effective when counterparts have been
signed by each party and delivered to the other party, it being understood that
all parties need not sign the same counterpart. In the event that any signature
is delivered by facsimile transmission, such signature shall create a valid and
binding obligation of the party executing (or on whose behalf such signature is
executed) the same with the same force and effect as if such facsimile signature
page were an original thereof.

                                      -3-
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective authorized persons as of the date first
indicated above.

                                        WORLD WIDE WIRELESS
                                             COMMUNICATIONS, INC.

                                        By:____________________________________
                                             Name:
                                             Title:

                                        ESQUIRE TRADING & FINANCE, INC.

                                        By:____________________________________
                                             Name:
                                             Title:

                                        AMRO INTERNATIONAL, S.A.

                                        By:____________________________________
                                             Name:
                                             Title:

                                        CELESTE TRUST REG.

                                        By:____________________________________
                                             Name:
                                             Title:

                                      -4-
<PAGE>

                                        THE ENDEAVOR CAPITAL FUND, S.A.

                                                 By:  Endeavor Management, Inc.

                                                 By:___________________________
                                                 Name:
                                                 Title:

                                        THE KESHET FUND, L.P.

                                        By:____________________________________
\                                             Name:
                                             Title:

                                        KESHET, L.P.

                                        By:____________________________________
\                                             Name:
                                             Title:

                                        NESHER, LTD.

                                        By:____________________________________
                                             Name:
                                             Title:

                                        TALBIYA B. INVESTMENTS LTD.

                                        By:____________________________________
                                             Name:
                                             Title:

                                      -5-
<PAGE>

                                   SCHEDULE 1

                            Amended Schedule 2 to the
                          Securities Purchase Agreement

                                   Schedule 2

                                   Purchasers
<TABLE>
<CAPTION>
------------------- ----------------------- --------------- ---------------- ----------------- ------------ ----------
                                              Number of        Number of     Principal Amount   Number of   Portion
Name of Purchaser    Address of Purchaser    Additional     Consideration    or Stated Value   Additional      of
                                                Shares          Shares        of Additional     Warrants    Additional
                                                                               Convertible                  Purchase
                                                                             Securities, if                   Price
                                                                                applicable
------------------- ----------------------- --------------- ---------------- ----------------- ------------ ----------

<S>                 <C>                        <C>              <C>              <C>             <C>        <C>
Esquire Trading &   Schutzengelstrasse 36      132,000          140,000          $248,000        285,000    $380,000
Finance Inc.        Baar, Switzerland
                    CH6342
                    Fax No.: 041-7601031

Amro                c/o Ultra Finance Ltd.     300,000          300,000          $600,000        675,000    $900,000
International S.A.  Grossmuenster Platz
                    26,
                    P.O. Box 4401
                    Zurich, Switzerland
                    CH8022

Celeste Trust Reg.  c/o                        116,000          120,000          $224,000        255,000    $340,000
                    Trevisa-Treuhand-Ansalt
                    Landstrasse 8
                    9496 Furstentums
                    Balzers, Liechtenstien

The Endeavor        14/14 Divrea Chaim            0             150,000             $0              0           0
Capital Fund,       Street
S.A.                Jerusalem 94479,
                    Israel
                    Fax No.:
                    011-972-2-5824443

Nesher, Ltd.        c/o Ragnall House           8,000           10,000           $32,000         30,000      $40,000
                    18 Peel Road
                    Douglas, Isle of Man
                    1M1 4L2, United
                    Kingdom

Keshet, L.P.        Seameadow House             20,000          25,000           $80,000         75,000     $100,000
                    BlackBurn Highway
                    P.O. Box 173
                    Road Town, Tortola
                    British Virgin Islands

The Keshet Fund,    c/o KCM, LLC                12,000          15,000           $48,000         45,000      $60,000
L.P.                135 W. 50th Street
                    Suite 1700
                    New York, NY  10020

Talbiya B.          Ragnall House, 18           20,000             0             $80,000         75,000     $100,000
Investments Ltd.    Peel Road, Douglas,
                    Isle of Man IM1 4LZ

      Total:                                   608,000          760,000         $1,312,000      1,440,000   $1,920,000
                                               =======          =======         ==========      =========   ==========
</TABLE>

<PAGE>
                                    EXHIBIT A

                   AMENDED FORM OF CERTIFICATE OF DESIGNATIONS

                           CERTIFICATE OF DESIGNATION,
                     PREFERENCES AND RIGHTS OF THE SERIES A
                                 PREFERRED STOCK
                                       OF
                    WORLD WIDE WIRELESS COMMUNICATIONS, INC.
                                TO BE DESIGNATED
                      SERIES A CONVERTIBLE PREFERRED STOCK

         Pursuant to Section 78.195 of the Nevada Revised Statutes, we, the
undersigned, ______________ and _______________, being respectively the
__________ and the _________ of World Wide Wireless Communications, Inc. (the
"Company"), a Nevada corporation organized and existing under the General
Corporation Law of the State of Nevada, DO HEREBY CERTIFY that the following
resolution was duly adopted by the Board of Directors of the Company by
unanimous written consent, and that said resolution has not been rescinded or
amended and is in full force and effect at the date hereof:

         RESOLVED, that, pursuant to authority expressly granted to and vested
in the Board of Directors by the provisions of the Articles of Incorporation, as
amended to date, the Board of Directors hereby creates a series of Preferred
Stock of the Company, par value $.01 per share and having a stated value of
$1,000 per share, to be designated "Series A Convertible Preferred Stock" and to
consist of _______________________ (______) shares, and hereby fixes the powers,
designations, preferences and relative, participating, optional and other rights
of the shares of such series, and the qualifications, limitations, or
restrictions thereof (in addition to those provisions set forth in the Articles
of Incorporation, as amended, which are applicable to the Series A Convertible
Preferred Stock), as follows:

         Section 1. Designation, Amount, Par Value, Stated Value and Rank. The
series of Preferred Stock shall be designated as Series A Convertible Preferred
Stock (the "Series A Preferred Stock"), and the number of shares so designated
shall be _______ (which shall not be subject to increase without the consent of
the holders of the Series A Preferred Stock ("Holders")). Each share of Series A
Preferred Stock shall have a par value $.01 per share and a stated value of
$1,000 per share (the "Stated Value").

         The Series A Preferred Stock shall rank senior to the Junior Securities
(as defined below) and all other series of preferred stock of the Company issued
and outstanding on the Original Issue Date as to distributions and upon
liquidation, dissolution or winding up.

         Section 2. Junior Securities. So long as any Series A Preferred Stock
shall remain outstanding, neither the Company nor any subsidiary thereof shall
redeem, purchase or otherwise acquire otherwise than upon conversion or exchange
directly or indirectly any Junior Securities, nor shall the Company directly or
indirectly pay or declare any dividend or make any distribution (other than a
dividend or distribution described in Section 5) upon, nor shall any
distribution be made in respect of, any Junior Securities, nor shall any monies
be set aside for or applied to the purchase or redemption (through a sinking
fund or otherwise) of any Junior Securities.

         Section 3. Voting Rights. The holders of Series A Preferred Stock shall
have no right to vote, except as otherwise required by Nevada law. However, so
long as any shares of Series A Preferred Stock are outstanding, the Company
shall not and shall cause its subsidiaries not to, without the written consent
of the holders of 66 2/3% of the shares of the Series A Preferred Stock then
outstanding, (a) amend, alter or change the preferences or rights of any series
or class of capital stock of the Company (including the Series A Preferred

<PAGE>

Stock) or the qualifications, limitations or restrictions thereof if such
amendment, alteration or change adversely affects the powers, preferences or
rights given to the Series A Preferred Stock, (b) alter or amend this
Certificate of Designation, (c) authorize or create any class or series of any
class of capital stock ranking as to distribution of assets upon a Liquidation
(as defined in Section 4) or otherwise senior to the Series A Preferred Stock,
(d) amend its Articles of Incorporation, bylaws or other organizational
documents so as to affect adversely any rights of any Holders, (e) increase the
authorized number of shares of Series A Preferred Stock, and (f) enter into any
agreement with respect to the foregoing.

         Section 4. Liquidation. Upon any liquidation, dissolution or winding-up
of the Company, whether voluntary or involuntary (a "Liquidation"), the Holders
shall be entitled to receive out of the assets of the Company, whether such
assets are capital or surplus, for each share of Series A Preferred Stock an
amount equal to the Aggregate Stated Value (as defined in Section 8) before any
distribution or payment shall be made to the holders of any Junior Securities,
and if the assets of the Company shall be insufficient to pay in full such
amounts, then the entire assets to be distributed to the holders of Series A
Preferred Stock shall be distributed among the holders of Series A Preferred
Stock and the holders of all securities ranking pari passu to the Series A
Preferred Stock ratably in accordance with the respective amounts that would be
payable on such shares if all amounts payable thereon were paid in full. A sale,
conveyance or disposition of all or substantially all of the assets of the
Company or the effectuation by the Company of a transaction or series of related
transactions in which more than 50% of the voting power of the Company is
disposed of, or a consolidation or merger of the Company with or into any other
company or companies shall not be treated as a Liquidation, but instead shall be
subject to the provisions of Section 6(c)(ix). The Company shall mail written
notice of any such Liquidation, not less than 45 days prior to the payment date
stated therein, to each record holder of Series A Preferred Stock.

         Section 5. Dividends. The holders of Series A Preferred Stock shall be
entitled to receive in preference to the holders of Common Stock or any Junior
Securities, annual dividends at the rate of 4.0% per annum, compounded
semi-annually, for each share of Series A Preferred Stock. Such dividends shall
be due and payable upon conversion or redemption of such shares of Series A
Preferred Stock. Dividends shall accrue from the Original Issue Date (as defined
herein), whether or not earned or declared, until such time as the shares of
Series A Preferred Stock have been converted or redeemed as herein provided.
Dividends are payable on the Series A Preferred Stock on the last day of June
and December of each year (each, a "Dividend Date") by increasing the Aggregate
Stated Value by the amount of such dividends. Such increase in the Aggregate
Stated Value shall constitute full payment of such dividends. When any dividends
are added to the Aggregate Stated Value, such dividends shall, for all purposes
of this Certificate of Designation, be deemed to be part of the Aggregate Stated
Value for purposes of determining dividends thereafter payable hereunder and
amounts thereafter convertible into Common Stock hereunder, and all references
herein to the Aggregate Stated Value shall mean the Aggregate Stated Value, as
adjusted pursuant to this Section 5. The dividends so payable will be paid to
the Holders of shares of Series A Preferred Stock of record as they appear on
the stock books of the Company on the record date, which will be the June 15 or
December 15, as the case may be, before the related Dividend Date; provided,
however, that the Company's obligation to a transferee of shares of Series A
Preferred Stock arises only if such transfer, sale or other disposition is made
in accordance with the terms and conditions hereof and the Securities Purchase
Agreement (as defined below). Notwithstanding the foregoing, the Company shall
not be entitled to pay dividends in shares of Series A Preferred Stock and shall
be required to pay such dividends in cash if any event constituting a Triggering
Event (as defined in Section 7), or an event that with the passage of time and
without being cured would constitute a Triggering Event, has occurred and is
continuing on the Dividend Date or the date which is ten (10) Business Days
prior to the Dividend Date, unless otherwise consented to in writing by the
Holder entitled to receive such dividend.

         Section 6. Conversion at the Option of the Holder. (a) (i) Each share
of Series A Preferred Stock shall be convertible into shares of Common Stock
(subject to Section 6(a)(ii)) at the Conversion Ratio (as defined below) at the
option of the holder of such share of Series A Preferred Stock in whole or in
part at any time. If any shares of Series A Preferred Stock remain outstanding
on the Maturity Date, then all such shares shall be converted at the Conversion
Ratio as of such date in accordance with this Section 6. To convert shares of
Series A Preferred Stock into shares of Common Stock on any date, the holder of
such shares of Series A Preferred

<PAGE>

Stock shall (A) transmit by facsimile (or otherwise deliver), for receipt on or
prior to 11:59 p.m., Eastern time, on such date, a copy of an executed notice of
conversion in the form attached hereto as Exhibit 1 (the "Conversion Notice") to
the Company with a copy thereof to the Company's designated transfer agent (the
"Transfer Agent") and (B) if required by Section 6(b)(iv), surrender to a common
carrier for delivery to the Transfer Agent as soon as practicable following such
date the original certificates representing the shares of Series A Preferred
Stock being converted (or an indemnification undertaking with respect to such
shares in the case of their loss, theft or destruction) (the "Preferred Stock
Certificates"). Each Conversion Notice shall specify the Aggregate Stated Value
of the shares of Series A Preferred Stock to be converted. The date as of which
such conversion is to be effected shall be the date the Holder delivers such
Conversion Notice by facsimile (the "Conversion Date") (if such date is not a
Business Day, then the Conversion Date will be the next following Business Day).
Subject to Section 6(b) hereof, each Conversion Notice, once given, shall be
irrevocable. Upon receipt by the Company of a copy of a Conversion Notice, the
Company shall (1) as soon as practicable, but in no event later than within one
(1) Business Day, send, via facsimile, a confirmation of receipt of such
Conversion Notice to such Holder and the Transfer Agent, which confirmation
shall constitute an instruction to the Transfer Agent to process such Conversion
Notice in accordance with the terms herein and (2) on or before the second (2nd)
Trading Day following the date of receipt by the Company of such Conversion
Notice (the "Delivery Date"), (A) issue and deliver to the address as specified
in the Conversion Notice, a certificate, registered in the name of the Holder or
its designee, for the number of shares of Common Stock to which the Holder shall
be entitled, or (B) provided the Transfer Agent is participating in The
Depository Trust Company ("DTC") Fast Automated Securities Transfer Program,
upon the request of the Holder, credit such aggregate number of shares of Common
Stock to which the Holder shall be entitled to the Holder's or its designee's
balance account with DTC through its Deposit Withdrawal Agent Commission system.
If the Aggregate Stated Value of shares of Series A Preferred Stock represented
by the Preferred Stock Certificate(s) submitted for conversion, as may be
required pursuant to Section 6(b)(iv), is greater than the Aggregate Stated
Value of shares of Series A Preferred Stock being converted, then the Company
shall, as soon as practicable and in no event later than the Delivery Date and
at its own expense, issue and deliver to the Holder a new Preferred Stock
Certificate representing the Aggregate Stated Value of Series A Preferred Stock
not converted.

                  (ii) In no event shall a Holder be permitted to convert in
         excess of such Aggregate Stated Value of Series A Preferred Stock upon
         the conversion of which, (x) the number of shares of Common Stock owned
         by such Holder (other than shares of Common Stock issuable upon
         conversion of Series A Preferred Stock or upon exercise of the Warrants
         (as defined in the Securities Purchase Agreement)) plus (y) the number
         of shares of Common Stock issuable upon such conversion of such shares
         of Series A Preferred Stock held by such Holder, would be equal to or
         exceed (z) 9.999% of the number of shares of Common Stock then issued
         and outstanding, including shares issuable on conversion of the shares
         of Series A Preferred Stock held by such Holder after application of
         this Section 6(a)(ii). As used herein, beneficial ownership shall be
         determined in accordance with Section 13(d) of the Securities Exchange
         Act of 1934, as amended, and the rules and regulations thereunder. To
         the extent that the limitation contained in this Section 6(a)(ii)
         applies, the determination of whether shares of Series A Preferred
         Stock are convertible (in relation to other securities owned by a
         Holder) and of which shares of Series A Preferred Stock are convertible
         shall be in the sole discretion of such Holder, and the submission of
         shares of Series A Preferred Stock for conversion shall be deemed to be
         such Holder's determination of whether such shares of Series A
         Preferred Stock are convertible (in relation to other securities owned
         by a Holder) and of which shares of Series A Preferred Stock are
         convertible, in each case subject to such aggregate percentage
         limitation, and the Company shall have no obligation to verify or
         confirm the accuracy of such determination. Nothing contained herein
         shall be deemed to restrict the right of a Holder to convert such
         shares of Series A Preferred Stock at such time as such conversion will
         not violate the provisions of this paragraph. The provisions of this
         Section 6(a)(ii) may be waived by a Holder as to itself (and solely as
         to itself) upon not less than 75 days prior notice to the Company, and
         the provisions of this Section 6(a)(ii) shall continue to apply until
         such 75th day (or later, if stated in the notice of waiver). No
         conversion in violation of this paragraph but otherwise in accordance
         with this Certificate of Designation shall affect the status of the
         securities issued upon such conversion as validly issued, fully-paid
         and nonassessable.

<PAGE>

         (b) (i) Not later than any Delivery Date, the Company will deliver to
         the applicable Holder by express courier (A) a certificate or
         certificates which shall be free of restrictive legends and trading
         restrictions (other than those required by Section 3.1(b) of the
         Securities Purchase Agreement) representing the number of shares of
         Common Stock being acquired upon the conversion of shares of Series A
         Preferred Stock (subject to reduction pursuant to Section 6(a)(ii)) and
         (B) to the extent required pursuant to Section 6(b)(iv), a new
         Preferred Stock Certificate representing the unconverted Aggregate
         Stated Value. If in the case of any Conversion Notice such new
         Preferred Stock Certificate(s) are not delivered to or as directed by
         the applicable Holder by the fifth (5th) Trading Day after the
         applicable Conversion Date, the Holder shall be entitled by written
         notice to the Company at any time on or before its receipt of such
         Preferred Stock Certificate(s) thereafter, to rescind such conversion,
         whereupon the Company and the Holder shall each be restored to their
         respective positions immediately prior to the delivery of such notice
         of revocation, except that any amounts described in Sections 6(b)(ii)
         and (iii) shall be payable through the date notice of rescission is
         given to the Company.

                  (ii) The Company understands that a delay in the delivery of
         the shares of Common Stock upon conversion of shares of Series A
         Preferred Stock and failure to deliver a new Preferred Stock
         Certificate representing the unconverted Aggregate Stated Value beyond
         the Delivery Date could result in economic loss to the Holder. If the
         Company fails to deliver to the Holder such certificate or certificates
         pursuant to this Section hereunder by the Delivery Date for any reason,
         other than due to the action of the Holder, the Company shall pay to
         such Holder, in cash, an amount per Trading Day for each Trading Day
         the earlier of the date such certificates are delivered or the date the
         conversion is rescinded pursuant to Section 6(b)(i) above, together
         with interest on such amount at a rate of 15% per annum, accruing until
         such amount and any accrued interest thereon is paid in full, equal to
         (i) 1% of the Aggregate Stated Value of such shares of Series A
         Preferred Stock, plus the accumulated and unpaid dividends thereon,
         requested to be converted for the first five Trading Days after the
         Delivery Date and (ii) 2% of the Aggregate Stated Value of such shares
         of Series A Preferred Stock, plus the accumulated and unpaid dividends
         thereon, requested to be converted for each Trading Day thereafter
         (which amounts shall be paid as liquidated damages and not as a
         penalty). If the Company fails to deliver to the Holder such
         certificate or certificates pursuant to this Section prior to the 15th
         Trading Day after the Conversion Date, the Company shall, at the
         Holder's option, redeem in cash, from funds legally available therefor
         at the time of such redemption, all or a portion of the Aggregate
         Stated Value of the shares of Series A Preferred Stock then held by
         such Holder, plus the accumulated and unpaid dividends thereon, as
         requested by such Holder, in cash. The redemption price shall be equal
         to the Aggregate Stated Value of such shares of Series A Preferred
         Stock requested to be redeemed, plus accumulated and unpaid dividends
         thereon, multiplied by the greater of (A) 125% or (B) the applicable
         Conversion Ratio as of the date of such redemption multiplied by the
         greatest Per Share Market Value on any Trading Day during the period
         beginning on the Conversion Date and ending on the date of payment in
         full by the Company of such redemption price. If the Holder has
         requested that the Company redeem shares of Series A Preferred Stock
         pursuant to this Section and the Company fails for any reason to pay
         the redemption price, as calculated pursuant to the immediately
         preceding sentence, within seven days after such notice is deemed
         delivered pursuant to Section 6(a)(i), the Company will pay interest on
         the redemption price at a rate of 15% per annum, in cash to such
         Holder, accruing from such seventh day until the redemption price and
         any accumulated dividends thereon is paid in full (which amount shall
         be paid as liquidated damages and not as a penalty). Nothing herein
         shall limit a Holder's right to pursue actual damages for the Company's
         failure to deliver certificates representing shares of Common Stock
         upon conversion within the period specified herein (including, without
         limitation, damages relating to any purchase of shares of Common Stock
         by such Holder to make delivery on a sale effected in anticipation of
         receiving certificates representing shares of Common Stock upon
         conversion, such damages to be in an amount equal to (A) the aggregate
         amount paid by such Holder for the shares of Common Stock so purchased
         minus (B) the aggregate amount of net proceeds, if any, received by
         such Holder from the sale of the shares of Common Stock which would
         have been issued by the Company pursuant to such conversion),

<PAGE>
         and such Holder shall have the right to pursue all remedies available
         to it at law or in equity (including, without limitation, a decree of
         specific performance and/or injunctive relief).

                  (iii) In addition to any other rights available to the Holder,
         if the Company fails to deliver to the Holder such certificate or
         certificates pursuant to Section 6(b)(i) by the Delivery Date and if
         after the Delivery Date the Holder purchases (in an open market
         transaction or otherwise) shares of Common Stock to deliver in
         satisfaction of a sale by such Holder of the Underlying Shares which
         the Holder anticipated receiving upon such conversion (a "Buy-In"),
         then the Company shall immediately pay in cash to the Holder (in
         addition to any remedies available to or elected by the Holder) the
         amount by which (A) the Holder's total purchase price (including
         brokerage commissions, if any) for the shares of Common Stock so
         purchased exceeds (B) the Aggregate Stated Value of the shares of
         Series A Preferred Stock for which such conversion was not timely
         honored, together with interest thereon at a rate of 15% per annum,
         accruing until such amount and any accrued interest thereon is paid in
         full (which amount shall be paid as liquidated damages and not as a
         penalty). For example, if the Holder purchases shares of Common Stock
         having a total purchase price of $11,000 to cover a Buy-In with respect
         to an attempted conversion of $10,000 Aggregate Stated Value of shares
         of Series A Preferred Stock, the Company shall be required to pay the
         Holder $1,000, plus interest. The Holder shall provide the Company
         written notice indicating the amounts payable to the Holder in respect
         of the Buy-In.

                  (iv) Notwithstanding anything to the contrary set forth
         herein, upon conversion of shares of Series A Preferred Stock in
         accordance with the terms hereof, the Holder thereof shall not be
         required to physically surrender the certificate representing the
         shares of Series A Preferred Stock to the Company unless the entire
         Aggregate Stated Value of shares of Series A Preferred Stock
         represented by the certificate are being converted. The Holder and the
         Company shall maintain records showing the Aggregate Stated Value of
         shares of Series A Preferred Stock so converted and the dates of such
         conversions or shall use such other method, reasonably satisfactory to
         the Holder and the Company, so as not to require physical surrender of
         the certificate representing the shares of Series A Preferred Stock
         upon each such conversion. In the event of any dispute or discrepancy,
         such records of the Company shall be controlling and determinative in
         the absence of manifest error. Notwithstanding the foregoing, if shares
         of Series A Preferred Stock represented by a certificate are converted
         as aforesaid, the Holder may not transfer the certificate representing
         the shares of Series A Preferred Stock unless the Holder first
         physically surrenders the certificate representing the shares of Series
         A Preferred Stock to the Company, whereupon the Company will forthwith
         issue and deliver upon the order of the Holder a new certificate of
         like tenor, registered as the Holder may request, representing in the
         aggregate the remaining Aggregate Stated Value of shares of Series A
         Preferred Stock represented by such certificate.

         (c) (i) The conversion price for the shares of Series A Preferred Stock
         (the "Conversion Price") in effect on any Conversion Date shall be the
         lesser of (A) an amount equal to 110% of the average Per Share Market
         Value for the five (5) consecutive Trading Days immediately preceding
         the Original Issue Date (the "Fixed Conversion Price") and (B) an
         amount equal to 85% of the average Per Share Market Value for the five
         (5) consecutive Trading Days immediately prior to the Conversion Date;
         provided, however, that, in any Conversion Notice, a Holder may specify
         a Conversion Price higher than the Conversion Price then in effect;
         provided further that, if during any period (a "Black-out Period"), a
         Holder is unable to trade any Common Stock issued or issuable upon
         conversion of shares of Series A Preferred Stock immediately due to the
         postponement of filing or delay or suspension of effectiveness of a
         registration statement or because the Company has otherwise informed
         such Holder that an existing prospectus cannot be used at that time in
         the sale or transfer of such Common Stock, such Holder shall have the
         option but not the obligation on any Conversion Date within ten Trading
         Days following the expiration of the Black-out Period of using the
         Conversion Price applicable on such Conversion Date or any Conversion
         Price selected by such Holder that would have been applicable had such
         Conversion Date been at any earlier time during the Black-out Period or
         within the ten Trading Days thereafter; provided further, that in no
         event shall the Conversion Price be below the Floor Price. "Floor
         Price" shall mean $1.00 for the period beginning on August [__], 2000
         and ending on October 14, 2000, $0.64 from the period beginning on
         April 14, 2000 and ending on the eighteen month anniversary of the
         Initial Closing Date (as defined in the Securities Purchase Agreement),
         and zero thereafter. Notwithstanding the foregoing, if the Company's
         revenues for the fiscal year ending December 31, 2000, as shown in the
         Company's Annual Report on Form 10-K for the fiscal year ending
         December 31, 2000, are less than $13.5 million, then from and after
         April 14, 2001 the Floor Price shall be zero.

<PAGE>

                  (ii) If the Company, at any time while any shares of Series A
          Preferred Stock are outstanding, (a) shall pay a stock dividend or
          otherwise make a distribution or distributions on shares of its Common
          Stock or any other equity security payable in shares of Common Stock,
          (b) subdivide outstanding shares of Common Stock into a larger number
          of shares, (c) combine outstanding shares of Common Stock into a
          smaller number of shares, or (d) issue by reclassification of shares
          of Common Stock any shares of capital stock of the Company, the Fixed
          Conversion Price shall be multiplied by a fraction of which the
          numerator shall be the number of shares of Common Stock (excluding
          treasury shares, if any) outstanding before such event and of which
          the denominator shall be the number of shares of Common Stock
          outstanding after such event. Any adjustment made pursuant to this
          Section 6(c)(ii) shall become effective immediately after the record
          date for the determination of stockholders entitled to receive such
          dividend or distribution and shall become effective immediately after
          the effective date in the case of a subdivision, combination or
          re-classification.

                  (iii) If the Company, at any time while shares of Series A
          Preferred Stock are outstanding, shall sell or issue additional shares
          of Common Stock or rights or warrants to acquire shares of Common
          Stock at a price per share less than the Fixed Conversion Price,
          excluding any rights of the holder of the Debentures, the holder of
          shares of Series A Preferred Stock or the holders of the Warrants
          issued pursuant to the Securities Purchase Agreement to acquire Common
          Stock, the Fixed Conversion Price shall be multiplied by a fraction,
          of which the denominator shall be the number of shares of Common Stock
          (excluding treasury shares, if any) outstanding on the date of
          issuance of such shares, rights or warrants plus the number of
          additional shares of Common Stock offered for subscription or
          purchase, and of which the numerator shall be the number of shares of
          Common Stock (excluding treasury shares, if any) outstanding on the
          date of issuance of such shares, rights or warrants plus the number of
          shares which the aggregate offering price of the total number of
          shares so offered would purchase at such Fixed Conversion Price. Such
          adjustment shall be made whenever such shares, rights or warrants are
          issued, and shall become effective immediately after the issuance of
          such shares, rights or warrants or, if such rights or warrants are
          issued to stockholders of the Company, the record date for the
          determination of stockholders entitled to receive such rights or
          warrants. However, upon the expiration of any right or warrant to
          purchase Common Stock the issuance of which resulted in an adjustment
          in the Fixed Conversion Price pursuant to this Section 6(c)(iii), if
          any such right or warrant shall expire and shall not have been
          exercised, the Fixed Conversion Price shall immediately upon such
          expiration be re-computed and effective immediately upon such
          expiration be increased to the price which it would have been (but
          reflecting any other adjustments in the Fixed Conversion Price made
          pursuant to the provisions of this Section 6 after the issuance of
          such rights or warrants) had the adjustment of the Fixed Conversion
          Price made upon the issuance of such rights or warrants been made on
          the basis of offering for subscription or purchase only that number of
          shares of Common Stock actually purchased upon the exercise of such
          rights or warrants actually exercised.

                  (iv) If the Company, at any time while shares of Series A
          Preferred Stock are outstanding, shall distribute to all holders of
          Common Stock (and not to holders of shares of Series A Preferred
          Stock) evidences of its indebtedness or assets or rights or warrants
          to subscribe for or purchase any security (excluding those referred to
          in Sections 6(c)(ii) and (iii) above), then in each such case the
          Fixed Conversion Price shall be multiplied by a fraction of which the
          denominator shall be the Per Share Market Value determined as of the
          record date fixed for determination of stockholders entitled to
          receive such distribution, and of which the numerator shall be such
          Per Share Market Value on such record date less the then fair market
          value at such record date of the portion of such assets or evidence of
          indebtedness so distributed applicable to one outstanding share of
          Common Stock as determined by

<PAGE>

          the Board of Directors in good faith; provided, however, that in the
          event of a distribution exceeding ten percent of the net assets of the
          Company, such fair market value shall be determined by an Independent
          Appraiser (as defined below) selected in good faith by the holders of
          a majority in interest of the Aggregate Stated Value of shares of
          Series A Preferred Stock plus the Aggregate Principal Amount (as
          defined in the Debenture) of Debentures then outstanding; and
          provided, further, that the Company, after receipt of the
          determination by such Independent Appraiser, shall have the right to
          select an additional Independent Appraiser, in good faith, in which
          case the fair market value shall be equal to the average of the
          determinations by each such Independent Appraiser. In either case the
          adjustments shall be described in a statement provided to the Holders
          of the portion of assets or evidences of indebtedness so distributed
          or such subscription rights applicable to one share of Common Stock.
          Such adjustment shall be made whenever any such distribution is made
          and shall become effective immediately after the record date mentioned
          above.

                  (v) If the Company at any time subdivides (by any stock split,
          stock dividend, recapitalization or otherwise) one or more classes of
          its outstanding shares of Common Stock into a greater number of
          shares, the Fixed Conversion Price in effect immediately prior to such
          subdivision will be proportionately reduced. If the Company at any
          time combines (by combination, reverse stock split or otherwise) one
          or more classes of its outstanding shares of Common Stock into a
          smaller number of shares, the Fixed Conversion Price in effect
          immediately prior to such combination will be proportionately
          increased.

                  (vi) If the Company in any manner issues or sells Convertible
          Securities or Options that are convertible into or exchangeable for
          Common Stock at a price which varies or may vary with the market price
          of the Common Stock, including by way of one or more reset(s) to a
          fixed price (each of the formulations for such variable price being
          herein referred to as, a "Variable Price"), and such Variable Price is
          not calculated using the same formula used to calculate the Conversion
          Price in effect immediately prior to the time of such issue or sale,
          the Company shall provide written notice thereof via facsimile and
          overnight courier to each holder of shares of Series A Preferred Stock
          ("Variable Notice") on the date of issuance of such Convertible
          Securities or Options. If a holder of shares of Series A Preferred
          Stock then outstanding provides written notice to the Company via
          facsimile and overnight courier (the "Variable Price Election Notice")
          within 10 Business Days of receiving a Variable Notice that such
          holder desires to replace the Fixed Conversion Price then in effect
          with the Variable Price described in such Variable Notice, then, from
          and after the date of the Company's receipt of the Variable Price
          Election Notice, the Fixed Conversion Price will automatically be
          replaced with the Variable Price for the shares of Series A Preferred
          Stock held by such holder. In the event that a holder of shares of
          Series A Preferred Stock delivers a Conversion Notice after the
          Company's issuance of Convertible Securities with a Variable Price but
          before such holder's receipt of the Company's Variable Notice, then
          such holder shall have the option by written notice to the Company to
          rescind such Conversion Notice or to have the Conversion Price be
          equal to such Variable Price for the conversion effected by such
          Conversion Notice. As used herein, (A) "Convertible Securities" means
          any stock or securities (other than Options) directly or indirectly
          convertible into or exchangeable for Common Stock and (B) "Options"
          means any rights, warrants or options to subscribe for or purchase
          Common Stock or Convertible Securities.

                  (vii) All calculations under this Section 6 shall be made to
          the nearest cent or the nearest 1/100th of a share, as the case may
          be.

                  (viii) Whenever the Fixed Conversion Price is adjusted
          pursuant to Section 6(c)(ii), (iii) (iv), (v) or (vi) (for purposes of
          this Section 6(c)(viii), each an "adjustment"), the Company shall
          cause its Chief Financial Officer to prepare and execute a certificate
          setting forth, in reasonable detail, the event requiring the
          adjustment, the amount of the adjustment, the method by which such
          adjustment was calculated (including a description of the basis on
          which the Board made any determination hereunder), and the Conversion
          Price after giving effect to such adjustment, and shall cause copies
          of such

<PAGE>

          certificate to be delivered to each Holder promptly after each
          adjustment. Any dispute between the Company and the Holders with
          respect to the matters set forth in such certificate may at the option
          of the Holders be submitted to one of the national accounting firms
          currently known as the "big five" selected by the holders of a
          majority in interest of the Aggregate Stated Value of shares of Series
          A Preferred Stock plus the Aggregate Principal Amount of Debentures
          then outstanding, provided that the Company shall have ten days after
          receipt of notice from such Holders of their selection of such firm to
          object thereto, in which case the holders of a majority in interest of
          the Aggregate Stated Value of shares of Series A Preferred Stock plus
          the Aggregate Principal Amount of Debentures then outstanding shall
          select another such firm and the Company shall have no such right of
          objection. The firm selected by the holders of a majority in interest
          of the Aggregate Stated Value of shares of Series A Preferred Stock
          plus the Aggregate Principal Amount of Debentures then outstanding as
          provided in the preceding sentence shall be instructed to deliver a
          written opinion as to such matters to the Company and the Holders
          within thirty days after submission to it of such dispute. Such
          opinion shall be final and binding on the parties hereto. The fees and
          expenses of such accounting firm shall be paid by the Company.

                  (ix) In case the Company after the Original Issue Date shall
          do any of the following (each, a "Major Transaction") (a) consolidate
          with or merge into any other person and the Company shall not be the
          continuing or surviving person of such consolidation or merger, or (b)
          permit any other person to consolidate with or merge into the Company
          and the Company shall be the continuing or surviving person but, in
          connection with such consolidation or merger, any capital stock of the
          Company shall be changed into or exchanged for securities of any other
          person or cash or any other property, or (c) transfer all or
          substantially all of its properties or assets to any other person, or
          (d) effect a capital reorganization or reclassification of its capital
          stock, the holders of the shares of Series A Preferred Stock then
          outstanding shall have the right thereafter to convert such shares
          only into the shares of stock and other securities, cash and property
          receivable upon or deemed to be held by holders of Common Stock
          following such Major Transaction, and the holders of the shares of
          Series A Preferred Stock shall be entitled upon such event to receive
          such amount of securities, cash or property as the shares of the
          Common Stock of the Company into which such shares of Series A
          Preferred Stock could have been converted immediately prior to such
          Major Transaction would have been entitled; provided, however, that
          each Holder shall have the option to require the Company to redeem,
          from funds legally available therefor at the time of such redemption,
          such Aggregate Stated Value of its shares of Series A Preferred Stock
          at a price equal to the Aggregate Stated Value of shares of Series A
          Preferred Stock to be redeemed, plus accumulated and unpaid dividends
          thereon, multiplied by the greater of (A) 125% or (B) the applicable
          Conversion Ratio as of the date of such redemption multiplied by the
          greatest Per Share Market Value on any Trading Day during the period
          beginning on the date of the closing or the date of the announcement,
          as the case may be, of the Major Transaction triggering such
          redemption right and ending on the date of payment in full by the
          Company of such redemption price. The entire redemption price shall be
          paid in cash. If the Holder has requested that the Company redeem
          shares of Series A Preferred Stock pursuant to this Section and the
          Company fails for any reason to pay the redemption price, as
          calculated pursuant to the immediately preceding sentence, within five
          days after such notice is deemed delivered pursuant to the preceding
          sentence, the Company will pay interest on the redemption price at a
          rate of 15% per annum, in cash to such Holder, accruing from such
          seventh day until the redemption price and any accrued interest
          thereon is paid in full (which amount shall be paid as liquidated
          damages and not as a penalty). The terms of any such Major Transaction
          shall include such terms so as to continue to give to the holder of
          shares of Series A Preferred Stock the right to receive the
          securities, cash or property set forth in this Section 6(c)(ix) upon
          any conversion or redemption following such Major Transaction. This
          provision shall similarly apply to successive Major Transactions.

                  (x)      If:

                            A.     the Company shall declare a dividend (or any
                                   other distribution) on its Common Stock; or

<PAGE>

                            B.     the Company shall declare a special
                                   nonrecurring cash dividend on or a redemption
                                   of its Common Stock; or

                            C.     the Company shall authorize the granting to
                                   all holders of the Common Stock rights or
                                   warrants to subscribe for or purchase any
                                   shares of capital stock of any class or of
                                   any rights; or

                            D.     the approval of any stockholders of the
                                   Company shall be required in connection with
                                   any Major Transaction; or

                            E.     the Company shall authorize the voluntary or
                                   involuntary dissolution, liquidation or
                                   winding up of the affairs of the Company;

then the Company shall cause to be filed at each office or agency maintained for
the purpose of conversion of shares of Series A Preferred Stock, and shall cause
to be mailed to the holders of shares of Series A Preferred Stock at their last
addresses as they shall appear upon the stock books of the Company, at least 30
calendar days prior to the applicable record or effective date hereinafter
specified, a notice stating (x) the date on which a record is to be taken for
the purpose of such dividend, distribution, redemption, rights or warrants, or
if a record is not to be taken, the date as of which the holders of Common Stock
of record to be entitled to such dividend, distributions, redemption, rights or
warrants are to be determined or (y) the date on which such reclassification,
consolidation, merger, sale, transfer or share exchange is expected to become
effective or close, and the date as of which it is expected that holders of
Common Stock of record shall be entitled to exchange their shares of Common
Stock for securities, cash or other property deliverable upon such
reclassification, consolidation, merger, sale, transfer or share exchange;
provided, however, that the failure to mail such notice or any defect therein or
in the mailing thereof shall not affect the validity of the corporate action
required to be specified in such notice. Holders are entitled to convert shares
of Series A Preferred Stock during the 30-day period commencing the date of such
notice to the effective date of the event triggering such notice.

         (d) If at any time conditions shall arise by reason of action taken by
the Company which in the opinion of the Board of Directors are not adequately
covered by the other provisions hereof and which might materially and adversely
affect the rights of the holders of shares of Series A Preferred Stock
(different than or distinguished from the effect generally on rights of holders
of any class of the Company's capital stock) or if at any time any such
conditions are expected to arise by reason of any action contemplated by the
Company, the Company shall mail a written notice briefly describing the action
contemplated and the material adverse effects of such action on the rights of
the holders of shares of Series A Preferred Stock at least 10 calendar days
prior to the effective date of such action, and an Independent Appraiser
selected by the holders of majority in interest of the shares of Series A
Preferred Stock plus the Aggregate Principal Amount of Debentures then
outstanding shall give its opinion as to the adjustment, if any (not
inconsistent with the standards established in this Section 6), of the
Conversion Price (including, if necessary, any adjustment as to the securities
into which shares of Series A Preferred Stock may thereafter be convertible) and
any distribution which is or would be required to preserve without diluting the
rights of the holders of shares of Series A Preferred Stock. The Board of
Directors shall make the adjustment recommended forthwith upon the receipt of
such opinion or opinions or the taking of any such action contemplated, as the
case may be; provided, however, that no such adjustment of the Conversion Price
shall be made which in the opinion of the Independent Appraiser giving the
aforesaid opinion would result in an increase of the Conversion Price to more
than the Conversion Price then in effect.

         (e) The Company covenants that it will at all times reserve and keep
available out of its authorized and unissued Common Stock solely for the purpose
of issuance upon conversion of shares of Series A Preferred Stock free from
preemptive rights or any other actual contingent purchase rights of persons
other than the holders of shares of Series A Preferred Stock, not less than 200%
of such number of shares of Common Stock as shall (subject to any additional
requirements of the Company as to reservation of such shares set forth in the
Securities Purchase Agreement) be issuable (taking into account the adjustments
of Section 6(c)) upon the conversion of all

<PAGE>

outstanding shares of Series A Preferred Stock (without regard to any
limitations on conversions or exercise thereof). The Company covenants that all
shares of Common Stock that shall be so issuable shall, upon issue, be duly and
validly authorized, issued and fully paid, nonassessable and freely tradable.

         (f) Upon a conversion hereunder the Company shall not be required to
issue stock certificates representing fractions of shares of Common Stock, but
may if otherwise permitted, make a cash payment in respect of any final fraction
of a share based on the Per Share Market Value at such time. If the Company
elects not, or is unable, to make such a cash payment, the Holder shall be
entitled to receive, in lieu of the final fraction of a share, one whole share
of Common Stock.

         (g) The issuance of certificates for shares of Common Stock on
conversion of shares of Series A Preferred Stock shall be made without charge to
the holders thereof for any documentary stamp or similar taxes that may be
payable in respect of the issue or delivery of such certificate.

         (h) Shares of Series A Preferred Stock converted into Common Stock
shall be canceled and retired by the Company.

         (i) Whenever notice is required to be given under this Certificate of
Designation, unless otherwise provided herein, such notice shall be given in
accordance with Section 5.3 of the Securities Purchase Agreement.

         (j) In the event a Holder shall elect to convert any shares of Series A
Preferred Stock as provided herein, the Company cannot refuse conversion based
on any claim that such Holder or any one associated or affiliated with such
Holder has been engaged in any violation of law, contract, agreement or for any
other reason, unless, an injunction from a court, on notice, restraining and/or
adjoining conversion of all or of said shares of Series A Preferred Stock shall
have been issued and the Company posts a surety bond for the benefit of such
Holder in the amount equal to 130% of the Aggregate Stated Value of shares of
Series A Preferred Stock sought to be converted, which bond shall remain in
effect until the completion of arbitration/litigation of the dispute and the
proceeds of which shall be payable to such Holder in the event it obtains
judgment.

         Section 7.        Triggering Events.

         Each of the following shall constitute a triggering event (a
"Triggering Event"), whatever the reason for such Triggering Event and whether
it shall be voluntary or involuntary or be effected by operation of law or
pursuant to any judgment or order of any court or any order, rule or regulation
of any administrative, governmental or non-governmental body or otherwise
howsoever:

         (a) the Company shall default in any payment of any amounts due under
the Transaction Documents when and as due (whether at maturity, upon
acceleration or otherwise); or

         (b) the Company shall fail duly to perform or observe any term,
covenant or agreement contained in any of this Certificate of Designation, in
the Debentures, in the Securities Purchase Agreement or in the Registration
Rights Agreement for a period of seven days after the date on which written
notice of such failure shall first have been given to the Company; or

         (c) (i) a final judgment shall be entered by any court against the
Company for the payment of money which together with all other outstanding final
judgments against the Company exceeds $150,000 in the aggregate, or (ii) a
warrant of attachment or execution or similar process shall be issued or levied
against any of the Company's property which exceeds in value $150,000 in the
aggregate, and if, within 30 days after the entry, issue or levy thereof, such
judgment, warrant or process shall not have been paid or discharged; or

         (d) a court having jurisdiction in the premises shall enter a decree or
order for relief in respect of the Company in an involuntary case or proceeding
under any applicable bankruptcy, insolvency, reorganization or other similar law
now or hereafter in effect, or appointing a receiver, liquidator, assignee,
custodian, trustee,

<PAGE>

sequestrator (or similar official) of the Company or for any substantial part of
the property of it or ordering the winding-up or liquidation of the affairs of
it and such decree or order shall remain unstayed and in effect for a period of
30 days; or

         (e) the Company shall commence a voluntary case or proceeding under any
applicable bankruptcy, insolvency, reorganization or other similar law now or
hereafter in effect, or shall consent to the entry of an order for relief in an
involuntary case under any such law, or shall consent to the appointment of or
taking possession by a receiver, liquidator, assignee, trustee, custodian,
sequestrator (or similar official) of the Company or for any substantial part of
its property, or shall make any general assignment for the benefit of creditors,
or shall admit in writing its inability to pay its debts as they become due or
shall take any corporate action in furtherance of any of the foregoing; or

         (f) an event of default, as defined in any indenture or instrument
evidencing or under which the Company shall have outstanding indebtedness for
borrowed money in excess of $150,000, inclusive of accrued interest, accrued
premium, if any, or any additional amounts payable, shall happen and be
continuing and such default shall involve the failure to pay the principal of
such indebtedness (or any part thereof), when due and payable after the
expiration of any applicable grace period with respect thereto, or such
indebtedness shall have been accelerated so that the same shall be or become due
and payable prior to the date on which the same would otherwise have become due
and payable, and failure to pay shall not have been cured by the Company within
30 days after such failure or such acceleration shall not be rescinded or
annulled within 30 days after notice thereof shall have first been given to the
Company; provided that if such event of default under such indenture or
instrument shall be remedied or cured by the Company or waived by the holders of
such indebtedness, then the Triggering Event hereunder by reason thereof shall
be deemed likewise to have been thereupon remedied, cured or waived without
further action upon the part of any of the holders of shares of Series A
Preferred Stock; or

         (g) trading in the Common Stock shall have been suspended for more than
ten Trading Days or the Common Stock is delisted from any principal market or
exchange (including, but not limited to, the OTC Bulletin Board, The Nasdaq
SmallCap Market and the Nasdaq National Market) on which the Common Stock is
then listed for trading; or

         (h) the Company fails to timely deliver the shares of Common Stock to
the Holder or a replacement Preferred Stock Certificate representing any
unconverted portion of Series A Preferred Stock pursuant to this Certificate of
Designation; or

         (i) the issuance by the Securities and Exchange Commission of any stop
order suspending the effectiveness of the Registration Statement covering any or
all of the Registrable Securities (as defined in the Registration Rights
Agreement) or the initiation of any proceedings for that purpose.

With the exception of a Triggering Event specified in clauses (d) or (e) above,
upon the occurrence and continuance of a Triggering Event, the Holder may
declare the Aggregate Stated Value of and dividends accumulated on the shares of
Series A Preferred Stock and all other amounts owing under the Transaction
Documents to be forthwith due and payable by giving written notice thereof to
the Company without presentment, demand, protest or other notice of any kind,
all of which are hereby expressly waived, anything in the Transaction Documents
to the contrary notwithstanding. Upon the occurrence and continuance of a
Triggering Event specified in clauses (d) or (e) above, such Aggregate Stated
Value, accumulated dividends, interest and other amounts shall thereupon and
concurrently therewith become automatically due and payable all without any
action by the Holder and without presentment, demand, protest or other notice of
any kind, all of which are expressly waived, anything in the Transaction
Documents to the contrary notwithstanding.

         Interest on overdue amounts, if any, shall accrue from the date on
which such interest (and other amounts, if any) were due and payable to the date
such interest (and other amounts, if any) are paid or duly provided for, at a
rate of 15% per annum (to the extent payment of such interest shall be legally
enforceable).

<PAGE>

         Section 8. Definitions. For the purposes hereof, the following terms
shall have the following meanings:

         "Aggregate Stated Value" means, with respect to the shares of Series A
Preferred Stock, the sum of (a) the stated value thereof, plus (b) accumulated
but unpaid dividends thereon (whether or not earned or declared).

         "Common Stock" means the common stock, $.001 par value per share, of
the Company and stock of any other class into which such shares may hereafter
have been reclassified or changed.

         "Conversion Ratio" means the number of shares of Common Stock issuable
upon conversion of each share of Series A Preferred Stock determined by the
application of the following formula where "D" equals the accumulated and unpaid
dividends on the Aggregate Stated Value of shares of Series A Preferred Stock so
converted as of the Conversion Date:

                Aggregate Stated Value to be Converted + D
                ------------------------------------------
                          Conversion Price

         "Debenture" shall have the meaning ascribed to it in the Securities
Purchase Agreement.

         "Independent Appraiser" means a nationally recognized or major regional
investment banking firm or firm of independent certified public accountants of
recognized standing (which may be the firm that regularly examines the financial
statements of the Company) that is regularly engaged in the business of
appraising the capital stock or assets of corporations or other entities as
going concerns, and which is not affiliated with either the Company or any
Holder.

         "Junior Securities" means the Common Stock and all other equity
securities of the Company which are junior in rights and liquidation preference
to the Series A Preferred Stock.

         "Maturity Date" shall mean April 14, 2005.

         "Original Issue Date" shall mean the date of the first issuance of any
shares of Series A Preferred Stock regardless of the number of transfers of any
particular shares of Series A Preferred Stock and regardless of the number of
certificates which may be issued to evidence such shares of Series A Preferred
Stock.

         "Per Share Market Value" means on any particular date (a) the closing
bid price per share of the Common Stock on such date on The Nasdaq SmallCap
Market, the Nasdaq National Market, the OTC Bulletin Board or other registered
national stock exchange on which the Common Stock is then listed or if there is
no such price on such date, then the closing bid price on such exchange or
quotation system on the date nearest preceding such date, or (b) if the Common
Stock is not listed then on The Nasdaq Small-Cap Market, the Nasdaq National
Market, the OTC Bulletin Board or any registered national stock exchange, the
closing bid price for a share of Common Stock in the over-the-counter market (as
reported by NASDAQ or in the National Quotation Bureau Incorporated or similar
organization or agency succeeding to its functions of reporting prices) at the
close of business on such date, or (c) if the Common Stock is not then publicly
traded, then the fair market value of a share of Common Stock as determined by
an Independent Appraiser selected in good faith by the holders of a majority in
interest of the shares of Series A Preferred Stock plus the Aggregate Principal
Amount of Debentures then outstanding; provided, however, that the Company,
after receipt of the determination by such Independent Appraiser, shall have the
right to select an additional Independent Appraiser, in which case, the fair
market value shall be equal to the average of the determinations by each such
Independent Appraiser; and provided, further that all determinations of the Per
Share Market Value shall be appropriately adjusted for any stock dividends,
stock splits or other similar transactions during such period. The determination
of fair market value by an Independent Appraiser shall be based upon the fair
market value of the Company determined on a going concern basis as between a
willing buyer and a willing seller and taking into account all relevant factors
determinative of value, and shall be final and binding on all parties. In
determining the fair market value of any shares of Common

<PAGE>

Stock, no consideration shall be given to any restrictions on transfer of the
Common Stock imposed by agreement or by federal or state securities laws, or to
the existence or absence of, or any limitations on, voting rights.

         "Person" means an individual or corporation, partnership, trust,
incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof)
or other entity of any kind.

         "Registration Rights Agreement" means the Registration Rights
Agreement, dated as of the Original Issue Date, by and among the Company and the
original Holders.

         "Securities Purchase Agreement" means the Securities Purchase
Agreement, dated April 14, 2000, as amended as of August [__], 2000, among the
Company and the original holders of the Debentures.

         "Trading Day" means (a) a day on which the Common Stock is traded on
the Nasdaq National Market, The Nasdaq SmallCap Market or other registered
national stock exchange on which the Common Stock has been listed, or (b) if the
Common Stock is not listed on the Nasdaq National Market, The Nasdaq SmallCap
Market or any registered national stock exchange, a day or which the Common
Stock is traded in the over-the-counter market, as reported by the OTC Bulletin
Board, or (c) if the Common Stock is not quoted on the OTC Bulletin Board, a day
on which the Common Stock is quoted in the over-the-counter market as reported
by the National Quotation Bureau Incorporated (or any similar organization or
agency succeeding its functions of reporting prices); provided, however, that in
the event that the Common Stock is not listed or quoted as set forth in (a), (b)
and (c) hereof, then Trading Day shall mean any day except Saturday, Sunday and
any day which shall be a legal holiday or a day on which banking institutions in
the State of New York are authorized or required by law or other government
action to close.

         "Underlying Shares" means the number of shares of Common Stock into
which the Debentures or the shares of Series A Preferred Stock are convertible
in accordance with the terms hereof, the Debentures and the Securities Purchase
Agreement.

         Section 9. Purchase Rights. If at any time the Company grants, issues
or sells any Options, Convertible Securities or rights to purchase stock,
warrants, securities or other property pro rata to the record holders of any
class of Common Stock (the "Purchase Rights" ), then the holders of shares of
Series A Preferred Stock will be entitled to acquire, upon the terms applicable
to such Purchase Rights, the aggregate Purchase Rights which such holder could
have acquired if such holder had held the number of shares of Common Stock
acquirable upon complete conversion of the shares of Series A Preferred Stock
(without taking into account any limitations or restrictions on the
convertibility of the shares of Series A Preferred Stock) immediately before the
date on which a record is taken for the grant, issuance or sale of such Purchase
Rights, or, if no such record is taken, the date as of which the record holders
of Common Stock are to be determined for the grant, issue or sale of such
Purchase Rights.

         Section 10. Taxes. The Company shall pay any and all taxes attributable
to the issuance and delivery of Common Stock or other securities upon conversion
of the shares of Series A Preferred Stock.

         Section 11. No Impairment. The Company shall not by any action
including, without limitation, amending the articles of incorporation or the
by-laws of the Company, or through any reorganization, transfer of assets,
consolidation, merger, dissolution, issue or sale of securities or any other
action, avoid or seek to avoid the observance or performance of any of the terms
of this Certificate of Designation, 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 the Holder against
dilution (to the extent specifically provided herein) or impairment. Without
limiting the generality of the foregoing, the Company will (i) not permit the
par value, if any, of its Common Stock to exceed the then effective Conversion
Price, (ii) not amend or modify any provision of the articles of incorporation
or by-laws of the Company in any manner that would adversely affect in any way
the powers, preferences or relative participating, optional or other special
rights of the Common Stock or which

<PAGE>

would adversely affect the rights of the Holders of the shares of Series A
Preferred Stock, (iii) take all such action as may be reasonably necessary in
order that the Company may validly and legally issue fully paid and
nonassessable shares of Common Stock, free and clear of any liens, claims,
encumbrances and restrictions (other than as provided herein) upon the exercise
of the shares of Series A Preferred Stock, and (iv) use its best efforts to
obtain all such authorizations, exemptions or consents from any public
regulatory body having jurisdiction thereof as may be reasonably necessary to
enable the Company to perform its obligations under this Certificate of
Designation.

         Section 12. Countersignature and Registration. The shares of Series A
Preferred Stock shall not become valid or obligatory for any purpose until the
shares of Series A Preferred Stock shall have been duly executed by the Company
and such signature attested to by an authorized Officer thereof.

         Section 13. Warranty of the Company. The Company hereby certifies and
warrants that all acts, conditions and things required to be done and performed
and to have happened (including, but not limited to, the Shareholder Approval)
precedent to the creation and issuance of this Certificate of Designation and
the Series A Preferred Stock, and to constitute the same as legal, valid and
binding obligations of the Company enforceable in accordance with their terms,
have been done and performed and have happened in due and strict compliance with
all applicable laws.

         Section 14. Descriptive Headings. The descriptive headings appearing
herein are for convenience of reference only and shall not alter, limit or
define the provisions hereof.

                [the rest of this page intentionally left blank]

<PAGE>

         IN WITNESS WHEREOF, we have subscribed this document on the date
indicated below and do hereby affirm, under the penalties of perjury, that the
statements contained therein have been examined by us and are true and correct.

Dated:  ______ ___, 2000

                                       --------------------------------
                                       Name:
                                       Title:

                                       --------------------------------
                                       Name:
                                       Title:

  ATTEST:

  ----------------------------------
  Name:
  Title:

<PAGE>

                                    EXHIBIT 1

                                CONVERSION NOTICE

Reference is made to the Certificate of Designation, Powers, Preferences and
Rights of the Series of Preferred Stock of World Wide Wireless Communications,
Inc. (the "Company") to be designated 4.0% Series A Convertible Preferred Stock
(the "Certificate of Designation"). In accordance with and pursuant to the
Certificate of Designation, the undersigned hereby elects to convert the number
of shares of 4% Series A Convertible Preferred Stock, par value $.01 per share
and stated value $1,000 per share (the "Preferred Shares"), of World Wide
Wireless Communications, Inc., a Nevada corporation, (the "Company"), indicated
below into shares of Common Stock, par value $.001 per share (the "Common
Stock"), of the Company, by tendering the stock certificate(s) representing the
share(s) of Preferred Shares specified below as of the date specified below.

  Date of Conversion:
                       --------------------------------------------------------

  Number of Preferred Shares to be converted:
                                              --------

  Stock certificate no.(s) of Preferred Shares to be converted:
                                                                ---------------

Please confirm the following information:

  Conversion Price:
                    -----------------------------------------------------------

  Number of shares of Common Stock to be issued:
                                                 ------------------------------

Please issue the Common Stock into which the Preferred Shares are being
converted and, if applicable, any check drawn on an account of the Company in
the following name and to the following address:

      Issue to:___________________________________________________________

      Facsimile Number:_______________________________

      Authorization:___________________________________
                           By:
                           Title:

      Dated:__________________________________________

      Account Number (if electronic book entry transfer):_______________________

      Transaction Code Number (if electronic book entry
          transfer):____________________________________________________________

<PAGE>

                                 ACKNOWLEDGMENT

         The Company hereby acknowledges this Conversion Notice and hereby
directs [TRANSFER AGENT] to issue the above indicated number of shares of Common
Stock in accordance with the Transfer Agent Instructions dated April 14, 2000
from the Company and acknowledged and agreed to by [TRANSFER AGENT].

                                       WORLD WIDE WIRELESS COMMUNICATIONS, INC.

                                       By:______________________________________
                                          Name:
                                          Title:PERSONAL GUARANTEE

This Personal Guarantee (hereinafter referred to as the "Guarantee") is executed
by Mr. Neelam Kumar Oswal, s/o Mr. Vidhya Sagar Oswal, r/o/ 396, Maharani Jhansi
Road, Ludhiana, Punjab, India (hereinafter referred to as the "Guarantor") which
expression shall, unless repugnant to the context or meaning thereof deemed to
include his successors, heirs and permitted assigns.

IN FAVOUR OF

WORLD WIDE WIRELESS COMMUNICATION INC., a Nevada corporation having its
registered office at 520- 3rd St., Suite 101, Oakland, California 94607, United
States Of America (hereinafter referred to as "WWW") which expression shall,
unless repugnant to the context or meaning thereof deemed to include its
successors in business and permitted assigns.

WHEREAS, WWW and the Guarantor have entered into a Shareholders Agreement dated
August 17,2000 (hereinafter referred to as "SHA") for combining their efforts to
provide high speed (fixed and wireless) broadband internet and related services
to customers in India ("Services") through an Indian Company (hereinafter
referred to as the "Joint Venture Company" or "JVC") incorporated under the name
World Wide Wireless (India) Limited.

WHEREAS, pursuant to Article 4.5 of the SHA, WWW has agreed to provide a bank
guarantee for a sum of Rs.20,000,000/- (Rupess twenty million only) ("Guarantee
Amount") to the Department of Telecom to enable the JVC to obtain the Internet
Service Provider ("ISP") license for providing the Services in the territory
classified as Category --A in the policy of the Government of India related to
ISP's.

WHEREAS, under Article 4.5 of the SHA Guarantor has agreed to secure the
Guarantee Amount by giving a personal Guarantee to WWW and has agreed to pay the
Guarantee Amount (Rs.20,000,000/- ) unconditionally to WWW upon receiving a
notice of demand from WWW.

NOW THIS DEED OF GUARANTEE, witnesses as follows:

1.   The Guarantor do hereby unconditionally undertakes to pay to WWW in US
     Dollars an amount equivalent to the Guarantee Amount of Rs.20,000,000/-
     (Rupess twenty million only), in the event the JVC is not granted the
     License and the Frequency License (as defined in the SHA) by February 16,
     2001, notwithstanding whether or not the Department of Telecom invokes or
     encashes the guarantee provided by WWW.

2.   The Guarantor do hereby undertakes to pay to WWW the Guarantee Amount due
     and payable under the Guarantee without any demur, protest, correctly on
     demand to be made upon him by WWW in respect of the Guarantee Amount
     claimed which would be due to non-fulfillment of the terms, conditions and
     obligations embodied under the SHA.

3.   Be it declared and confirmed that any demand made on the Guarantor by WWW
     under this Guarantee shall be conclusive and final as regards the Guarantee
     Amount due and payable by the Guarantor under these presents PROVIDER
     HOWEVER that the liability of the Guarantor shall be restricted to
     Guarantee Amount { not exceeding Rs. 20,000,000/- (Rupess twenty million
     only )} covered by this Guarantee.

<PAGE>

4.   The Guarantor do hereby further agree that the guarantee herein contained
     shall remain in full force and effect up to February 16, 2001 or such
     extended period as may be agreed between WWW and Guarantor in writing
     considering a period that would be taken for the fulfillment of his
     obligations under the SHA and this shall continue to be enforceable till
     all the dues and /or claims of WWW have been duly and satisfactorily met
     and performed in full by the Guarantor and accordingly the WWW discharges
     this Guarantee.

5.   The Guarantor do hereby undertakes and agrees that this is an unconditional
     and irrevocable guarantee and undertakes not to revoke this Guarantee
     during its currency.

IN WITNESS WHEREOF, the Guarantor has signed this Guarantee on the ______ day of
August, 2000.

N.K. Oswal
S/o Mr. Vidhya Sagar Oswal
R/o 396, Maharani Jhansi Road,
Ludhiana (Punjab)
India

Witnesses:

1.

2.

WHEREAS WWW is an internationally recognized provider of high speed (fixed and
wireless) broadband internet and related services with a significant global
presence and has over the years developed expertise in the same;

WHEREAS the INDIAN PARTNER and WWW are desirous of combining their efforts to
provide high speed (fixed and wireless) broadband internet and related services
to customers in India (hereinafter referred to as the "Services") and
accordingly the Parties have agreed for a joint participation through an Indian
company (hereinafter referred to as the "Joint Venture Company" or "JVC")
incorporated under the name World Wide Wireless (India) Limited. The INDIAN
PARTNER had taken care of the responsibility of incorporating the JVC and has
incorporated the same through its nominee(s);

WHEREAS the Parties have agreed to participate in the ownership, management and
operation of the JVC and desire to set out in writing their understanding in
relation thereto and their rights and obligations inter se; and

WHEREAS the Parties have therefore set forth in this Agreement the terms,
conditions and covenants governing their joint participation in the JVC.

NOW THEREFORE, in consideration of the mutual covenants and agreements contained
herein, the Parties agree as follows:

                                       2
<PAGE>

1.       DEFINITIONS AND INTERPRETATION

1.1      In this Agreement, unless the subject or the context otherwise
         requires, the following words and expressions shall have the following
         meanings:

         "Act" shall mean the Companies Act, 1956, and includes where the
         context so requires any re-enactment or statutory modifications thereof
         for the time being in force.

         "Affiliate(s)" shall mean with respect to any Party to this Agreement
         any entity which controls, is controlled by, or is under common control
         with such Party. An entity controls another entity when it owns or
         controls, directly or indirectly, fifty-one percent (51%) or more of
         the equity share capital issued and outstanding of the other entity or
         when it controls the composition of the majority of the Board of
         Directors of such other entity.

         "Agreement" or "this Agreement" shall mean this Shareholders' Agreement
         along with all attachments annexed hereto and shall include any
         modifications, alterations, additions or deletions thereto made in
         writing after the date of execution of this Agreement.

         "Approval(s)" shall mean Government of India permissions, consents,
         validations, confirmations and other authorizations required to be
         obtained in order to implement the provisions of this Agreement
         including all permissions and/or registrations from the Reserve Bank of
         India and/or other authorities.

         "Alternate Director" shall mean the director appointed in terms of
         Article 6.1.4 herein to act for a director during his absence for a
         period of not less than three (3) months from the State in which
         meetings of the Board are ordinarily held and such Alternate Director
         shall not hold office as such for a period longer than that permissible
         to the director in whose place the Alternate Director has been
         appointed and shall vacate office if and when the director returns to
         the State in which meetings of the Board are ordinarily held.

         "Articles" or "Articles of Association" shall mean the Articles of
         Association of the JVC.

         "Board" or "Board of Directors" shall mean the Board of Directors of
         the JVC.

         "Distributable Profits" shall mean the profits derived after providing
         for depreciation, tax or any other charge against the profits.

         "Effective Date" means the date on which all the conditions precedent
         under Article 11 have been fulfilled to the satisfaction of WWW.

         "FIPB" shall mean the Foreign Investment Promotion Board constituted
         under the auspices of the Ministry of Commerce and Industry, Government
         of India.

         "Finder" shall mean Mr. Bob Thornton r/o 1251, Cardeno, Vancouver BC,
         Canada.

         "Frequency Licenses" shall mean the license to use the 28 MHz up and 28
         MHz down MMDS frequency with a minimum separation of 60 MHz and
         preferably 100 MHz or such other frequency in accordance with the
         National Allocation Frequency Plan, 2000 (as amended from time to time)
         issued by the Ministry of Communications, subject to the satisfaction
         and business requirements of WWW, for providing the Services to
         customers in India.

                                       3
<PAGE>

         "General Meeting" shall mean the duly convened meeting of the
         shareholders of the JVC.

         "Joint Venture Company" or "JVC" shall mean the company incorporated
         under the Act with the name `World Wide Wireless (India) Limited'.

         "License" shall mean and include the Internet Service Provider ("ISP")
         license for providing the Services in the territory classified as
         Category-A in the policy of the Government of India regarding ISP's.

         "Memorandum" or "Memorandum of Association" shall mean the Memorandum
         of Association of the JVC.

         "Parties" shall mean WWW and the INDIAN PARTNER collectively and the
         term "Party" shall individually refer to WWW or the INDIAN PARTNER.

         "RBI" shall mean the Reserve Bank of India.

1.2      In this Agreement, headings are for convenience only and shall not
         affect its interpretation.

1.3      Where a word or phrase is defined, other parts of speech and
         grammatical forms of that word or phrase shall have corresponding
         meanings.

1.4      Any reference to a part, clause, exhibit, article, annexure, appendix
         and schedule shall be construed as a reference to a part, clause,
         exhibit, article, annexure, appendix and schedule of this Agreement,
         and reference to this Agreement includes an exhibit, annexure, appendix
         and schedule attached to this Agreement.

2.       MEMORANDUM AND ARTICLES OF ASSOCIATION

2.1      It is the understanding between the Parties that their rights and
         obligations in the JVC including the operation and management of the
         JVC shall be interpreted, acted upon and governed in accordance with
         the terms and conditions of this Agreement.

2.2      The Parties agree that the Memorandum and the Articles of the JVC
         shall, inter alia, to the extent possible, incorporate and reflect the
         understanding contained in this Agreement.

2.3      It is expressly agreed that whether or not the Memorandum and the
         Articles fully incorporate the stipulations hereof or any of them, the
         Parties' rights and obligations inter se shall be governed by this
         Agreement and shall prevail in the event of any ambiguity or
         inconsistency between the two.

3.       JOINT VENTURE COMPANY

3.1      The INDIAN PARTNER has represented that the JVC, World Wide Wireless
         India Ltd., having its registered office at IIIrd Floor, Nego Complex,
         Pokhowal Road, Gurdev Nagar, Ludhiana, Punjab, has been incorporated as
         a public limited company. The INDIAN PARTNER has agreed to convert the
         JVC into a private limited company at the earliest possible date after
         the execution of this Agreement.

                                       4
<PAGE>

3.2      The JVC shall be run as an independent company based on usual
         commercial practices subject to any directions which may from time to
         time be given by the Board of Directors in accordance with the spirit
         of this Agreement.

3.3      The Parties agree that it will be their endeavor and that they shall
         use best efforts to build a good image for the JVC. The Parties will
         develop the JVC to enable it to provide the quality and level of
         services which are equivalent to the quality of the services provided
         by WWW in overseas markets.

4.       CAPITAL AND PARTICIPATION

4.1      Capital

4.1.1    It is acknowledged that the existing authorized share capital of the
         JVC is Rs.10,000,000/- (Rupees ten million) comprising 1,000,000 (one
         million) equity shares of Rs. 10/- (Rupees ten) each. It is agreed that
         the authorized share capital of the JVC would be increased to Rs.
         250,000,000/-(Rupees two hundred and fifty million) divided into
         25,000,000_ (twenty five million) equity shares of Rs. 10/- (Rupees
         ten) each within a period of six (6) months from the execution of this
         Agreement, or within such extended period as the Parties may mutually
         decide.

4.2      Shareholding Pattern and Contributions

4.2.1    Unless otherwise agreed by the Parties in writing, the shareholding of
         the JVC shall be held in the following proportion:

         INDIAN PARTNER and his nominee(s):          51%

         WWW or its nominee(s)                       49%

         It is agreed that the Parties shall ensure that the nominee(s)
         appointed by each Party shall be bound by and shall abide with the
         terms and conditions of this Agreement.

         In the event of a change in the policy of the Government of India
         permitting WWW to increase its shareholding, WWW shall have the right
         to increase its shareholding to 51% in the JVC. In the event of WWW
         exercising the aforesaid right to increase its shareholding in the JVC,
         the Indian Partner undertakes to take all steps necessary and required
         to enable WWW to increase its shareholding in the JVC including making
         necessary filings with the concerned Government authorities as well as
         providing no objection letters.

         It is also agreed that the voting rights of the Parties will be in
         proportion to their respective shareholding and on poll each equity
         share will have one vote.

4.2.2    Since the JVC has been incorporated by the INDIAN PARTNER with his
         nominees as the shareholders, it is agreed that out of the existing
         paid up share capital of 700 (seven hundred) shares of Rs. 10/- (Rupees
         ten) each total amounting to Rs. 7,000/- (Rupees seven thousand), the
         INDIAN PARTNER (either singularly or through his nominees) shall hold
         353 (Three hundred fifty three) shares of Rs. 10/- (Rupees ten) each,
         representing fifty one percent (51%) of the total paid-up share capital
         and WWW on its own or through its nominees shall acquire 347 (Three
         hundred forty seven) equity shares of Rs. 10/- (Rupees ten) each
         representing forty

                                       5
<PAGE>

         nine percent (49%) of the total paid-up share capital of the JVC for a
         total consideration of Rs. 3,470 (Rupees three thousand four hundred
         and seventy).ideration of Rs. 3,470 (Rupees three thousand four hundred
         and seventy).

4.2.3    It is agreed between the Parties that subject to the INDIAN PARTNER
         obtaining the License as well as the Frequency Licenses, WWW shall
         remit a maximum amount of US$ 2,800,000 (US Dollar two million eight
         hundred thousand only) ("the Maximum Amount") in installments to the
         JVC. The amount to be paid as each installment would be determined as
         per the Schedule- I annexed hereto.

4.2.4    (a) The obligation of WWW to invest the first installment in the JVC
         out of the Maximum Amount as mentioned in Article 4.2.3 shall arise
         only after the INDIAN PARTNER has obtained the License and the
         Frequency Licenses in respect of the following cities on or prior to
         the Effective Date:

         1.  Delhi
         2.  Mumbai
         3.  Chennai
         4.  Bangalore
         5.  Ludhiana

(b)      Thereafter, the installments out of the Maximum Amount mentioned shall
         be invested by WWW in the JVC as per Schedule I on procurement of
         Frequency Licenses by the INDIAN PARTNER.

(c)      It is agreed between the Parties that WWW (AT shall bear the actual
         incorporation expenses of the JVC amounting to Rs. 180,000/- (Rupees
         one hundred eighty thousand) as has been incurred by the INDIAN
         PARTNER.

4.2.5    That it is agreed between the Parties that after the acquisition of the
         initial 347 (three hundred forty seven) shares by WWW or its nominees
         in accordance with Article 4.2.2, upon any investment made by WWW in
         the JVC, the JVC shall issue equity shares to WWW and/or its nominees
         against such amount invested by WWW. The equity shares so issued to WWW
         and/or its nominees shall be equivalent to 49% of the paid-up capital
         of the JVC. In addition to the issue of equity shares by the JVC to WWW
         and/or its nominees, the JVC shall correspondingly issue fully paid-up
         equity shares as sweat equity, amounting to 51% of the paid-up capital
         of the JVC, to the INDIAN PARTNER or his nominees for his efforts in
         obtaining the License and the Frequency Licenses.

4.2.6    The aforesaid mechanism of contributing to the capital and subscribing
         to the equity shares of the JVC would continue till such time the
         paid-up share capital of the JVC reaches the rupee equivalent of US$
         5,800,000 (US Dollars five million eight hundred thousand only).

4.2.7    In the event of the JVC requiring any further funds after the paid-up
         share capital reaching the rupee equivalent of US$ 5,800,000 (US
         Dollars five million eight hundred thousand only), WWW shall make all
         contributions in a manner other than capital contribution such that the
         shareholding remains as per Article 4.2.1. However, in the event of the
         JVC procuring Frequency Licenses in respect of cities in addition to
         those specified in Schedule -- I, all investments towards the build out
         costs in respect of the infrastructure and equipment required by the
         JVC for such cities shall be funded by the Parties in proportion to
         their respective shareholding.

                                       6
<PAGE>

4.2.8    Notwithstanding the other provisions of this Agreement, if at any stage
         in the future, after the Frequency Licenses for the twenty one (21)
         cities mentioned in Schedule -- I annexed hereto are obtained and the
         built out in respect thereto is substantially completed, the JVC
         decides to increase its paid-up share capital by inviting capital
         contribution, the Parties will subscribe to fresh equity in the JVC in
         proportion to their shareholding. In the event either Party fails to
         subscribe to the equity, the other Party, subject to the necessary
         Approval(s), if any, shall have the first right to subscribe to and
         acquire such unsubscribed equity either by itself or through an
         Affiliate or nominee.

         The Parties agree that at the time of closure of any issue of
         subscription of shares, the Party not subscribing to the equity (in
         full or in part) issued to it shall undertake all steps necessary and
         required to enable the other Party to subscribe to the unsubscribed
         portion of the equity of the Party not so subscribing and to give full
         effect to the terms of this Article 4.2.8. In case of either Party so
         subscribing to the unsubscribed portion of equity of the other Party,
         such subscription shall be on the same terms and conditions as would be
         applicable to the Party not so subscribing. Further, in case WWW is not
         permitted to hold such shares due to Governmental regulations, it shall
         have a right to nominate a third party to subscribe to such shares.

4.3      Transfer of Shares

4.3.1    The Parties hereto shall not, except as specifically provided
         hereinafter, sell or transfer their shares in the JVC. Any purported
         sale or transfer of shares by either of the Parties not in accordance
         with this Article shall be deemed null and void and the JVC shall not
         register any such transfer or sale.

4.3.2    If at any time the INDIAN PARTNER desires to sell, transfer or
         otherwise dispose of any or all of his shares in the JVC, he shall
         offer such shares in the first instance by a notice in writing ("Offer
         Notice") to WWW who shall have the right of pre-emption to purchase all
         of such shares either itself or through its Affiliate(s) or nominee(s)
         at the price to be determined in accordance with Article 4.3.4. WWW may
         exercise its right of first refusal within a period of thirty (30) days
         after receipt of the Offer Notice. If WWW accepts the offer, the
         transfer of shares shall be completed within a period of sixty (60)
         days after the expiry of the aforesaid thirty (30) day period. In the
         event the offer is not accepted by WWW and or its Affiliate(s) or its
         nominee(s) within the said period, the INDIAN PARTNER shall be entitled
         to sell such shares to a third party within a period of sixty (60) days
         after the expiry of aforesaid thirty (30) days period at a price which
         is not lower than the price offered to WWW.

4.3.3    In the event WWW desires to sell, transfer or otherwise dispose of any
         or all of its shares of the JVC, it shall offer such shares by a notice
         in writing ("Offer Notice") in the first instance to the INDIAN PARTNER
         at a price to be determined in accordance with Article 4.3.4. Such
         offer must be accepted with a period of thirty (30) days from the date
         of the Offer Notice. If the offer is accepted, then the Parties shall
         proceed to complete the sale purchase transaction within a period of
         sixty (60) days after the expiry of the aforesaid thirty (30) day
         period. If the offer is not accepted by the INDIAN PARTNER, then WWW
         shall be entitled to sell such shares to a third party within a period
         of sixty (60) days at a price which is not lower than the price offered
         to the INDIAN PARTNER.

4.3.4    A Party shall offer its shares for sale/transfer under the aforesaid
         Articles at the fair market price which shall be determined in
         accordance with the relevant RBI guidelines by an

                                       7
<PAGE>

         independent international accounting firm selected mutually by the
         Parties. In the event the Parties are unable to decide the independent
         international accounting firm, the price shall be determined by Arthur
         Andersen or Price Waterhouse Coopers.

4.3.5    If any transfer of shares under this Article is subject to the
         Approvals (including final approvals from the RBI), then such transfer
         shall not become effective until such Approvals have first been
         obtained. If such Approvals are required, the time period(s) as
         prescribed in the preceding paragraphs for the completion of the sale
         and purchase transaction(s) shall be extended by the number of days
         required for obtaining the Approvals.

4.3.6    In case of transfer of shares by either Party to any third party in
         pursuance of the above Articles, the following conditions will apply:

         i) Such third party shall enter into a deed of adherence agreeing to be
         bound by the provisions of this Agreement; and

         ii) Such third party shall be someone who, in the opinion of the Party
         not selling its shares, does not have a conflict of interest or is
         strategically incompatible or is otherwise unacceptable for good and
         sufficient reasons to the Party not selling its shares.

         Notwithstanding the restriction on transfer of shares stipulated
         hereinabove, WWW may transfer any of its shares to an Affiliate,
         without requiring the consent of the INDIAN PARTNER, provided that such
         an Affiliate shall also be bound by the provisions of this Agreement
         and shall execute a deed of adherence as mentioned above. Further,
         notwithstanding anything contained in Articles 4.3.1 to 4.3.6, the
         aforesaid restrictions shall not apply in the event of change in the
         ownership or control or constitution of WWW.

4.3.7    It is expressly agreed by the INDIAN PARTNER that in order to give
         effect to the provisions of Articles 4.3.1 to 4.3.6, they shall provide
         all necessary cooperation to WWW, including but not limited to
         assistance for obtaining the RBI/FIPB approvals. Further, the INDIAN
         PARTNER agrees to sign/execute/file any and all documents with the
         Government of India or its agencies, departments or any other third
         party to give effect to any transfer of shares in accordance with the
         provisions of this Agreement.

4.4      Pledge of shares

4.4.1    The Parties agree that the shares held by them shall not be pledged to
         a third party or otherwise encumbered during the term of this
         Agreement. In the event the pledge of shares of any Party is
         necessitated for the purposes of the JVC, such pledge will be made only
         with the prior written consent and on terms acceptable to the other
         Party.

4.5      Bank Guarantee

4.5.1    At the request of the INDIAN PARTNER, WWW has agreed to provide a bank
         guarantee or guarantee(s), as may be required by the Government of
         India, of an amount of Rs. 20,000,000/- (Rupees Twenty Million)
         ("Guaranteed Amount") to the concerned governmental authority(ies) for
         the purpose of procuring the License required by the JVC for providing
         the Services to customers. However, it is agreed by the Parties that
         the Guaranteed Amount shall not be more than Rs. 20,000,000/- (Rupees
         Twenty Million) in any event.

                                       8
<PAGE>

4.5.2    In the event the JVC is not granted the License and the Frequency
         Licenses in respect of the cities specified in Article 4.2.4(a), on the
         Effective Date or any extension thereof, the INDIAN PARTNER shall be
         obliged to pay in US Dollars an amount equivalent to the Guaranteed
         Amount to WWW, notwithstanding whether or not the Department of Telecom
         invokes or encashes the Bank guarantee provided by WWW. The INDIAN
         PARTNER agrees to take all necessary actions and procure all Approvals
         including RBI approvals to ensure that the Guaranteed Amount is
         refunded to WWW. In the event the RBI approvals are not forthcoming
         despite best efforts of the INDIAN PARTNER, the INDIAN PARTNER shall be
         under an obligation to transfer the Guaranteed Amount at the request of
         WWW to its nominee(s) in India.

4.5.3    Further, the INDIAN PARTNER agrees to secure the Guaranteed Amount by
         way of personal guarantee. However, the personal guarantee of the
         INDIAN PARTNER shall cease upon receipt of the Frequency Licenses in
         respect of the cities stipulated in Article 4.2.4(a).

5.       NAME AND TRADE MARK OF THE JVC

5.1      Subject to the approval of the Registrar of Companies, and as per
         Article 3.1 hereinabove, the JVC shall be converted into a private
         limited company under the Act and the name shall be changed to "World
         Wide Wireless (India) Private Limited".

5.2      The Parties agree that since the name of the JVC includes the words
         [`World Wide Wireless'] and uses the trade mark of WWW, the said name
         and trade mark will be used only with the consent of and upon the terms
         stipulated by WWW, who shall have the right and option to require the
         words [`World Wide Wireless'] eliminated from the name of the JVC and
         surrender the trade mark, at any time. In the event WWW exercises such
         an option and instructs the JVC to delete the words [`World Wide
         Wireless'] from its corporate name and surrender the trade mark, the
         Parties agree to vote favorably both in the meetings of the Board
         through their respective nominee Directors, and in the meetings of the
         shareholders through their respective representatives/proxies in taking
         necessary and appropriate action and in meeting the requirements to
         delete the words [`World Wide Wireless'] from the corporate name of the
         JVC and surrender the trade mark.

5.3      The Parties agree to cause the JVC to enter into a Corporate Name and
         Trade Mark License Agreement with WWW granting the JVC the right to use
         the words [`World Wide Wireless'] and the trade mark upon the terms and
         conditions set out therein.

6.       TECHNOLOGY TRANSFER AND SHARING OF PROFITS

6.1      Technology Transfer

6.1.1    WWW will provide the technical know-how, information and technology to
         the JVC, as may be required for providing the Services. The INDIAN
         PARTNER agrees that in the event of termination of this Agreement, he
         shall cause the JVC to return all documents pertaining to the technical
         know-how, information and technology and to desist from using the same.

6.1.2    Additionally, WWW will also provide the necessary plant, machinery and
         other equipment along with the incidental and ancillary spares and
         parts as may be necessary for the purpose of providing the Services.

                                       9
<PAGE>

6.2      Sharing Of Profits

6.2.1    It is agreed between the Parties that since WWW will make all capital
         expenditure and other investments in the JVC, WWW shall be entitled to
         seventy percent (70%) of the Distributable Profits of the JVC till such
         time all the capital expenditure and investment made by WWW is
         recovered. After the capital expenditure and investment made by WWW is
         recovered, the Distributable Profits of the JVC would be distributed
         among the Parties in proportion to their shareholding in the JVC.

6.2.2    The Parties agree to arrive at a mutually acceptable mechanism for
         giving effect to the aforesaid understanding.

7.       BOARD OF DIRECTORS OF THE JVC

7.1      Directors

7.1.1    Unless otherwise agreed between the Parties, the Board of Directors of
         the JVC shall initially consist of five (5) directors. However, after
         the commencement of the commercial operation of the JVC, the Parties
         shall have a right to simultaneously nominate one whole time director
         each and increase the number of directors on the Board of Directors to
         seven (7).

7.1.2    WWW shall have three (3) nominee directors and the INDIAN PARTNER shall
         have two (2) nominee directors on the Board. It is further agreed
         between the Parties that out of the three (3) nominee directors of WWW,
         two (2) directors shall be whole time directors and out of the two (2)
         nominee directors of the INDIAN PARTNER, one (1) director shall be a
         whole time director.

7.1.3    The nominee directors shall hold office at the pleasure of the Party
         who nominated them and shall be subject to removal by the respective
         nominating Party. The Parties shall at all times, exercise their
         respective voting power to support each other in having the nominee
         director(s) appointed to or removed from the Board in accordance with
         this Article.

7.1.4    In the event any original director is away for a continuous period of
         not less than three (3) months from the State in which the registered
         office of the JVC is located, the Board of Directors shall appoint an
         Alternate Director for such original director. The person to be
         appointed as an Alternate Director shall be selected by the Party who
         had nominated the original director.

7.1.5    Any casual vacancy in the office of a director who is liable to retire
         by rotation, or for any other reason, may be filled by the Board of
         Directors provided however that the person to be appointed to fill the
         vacancy shall be a person nominated by the Party who had nominated the
         original director.

7.1.6    The representation of the Parties on the Board shall be in the
         proportion as may be decided by the Parties. It is agreed that in the
         event the shareholding of the INDIAN PARTNER or WWW reduces below
         fifty-one percent (51%) and forty-nine percent (49%), respectively, of
         the total paid-up equity capital, the representation of the nominees of
         the INDIAN PARTNER or WWW on the Board shall reduce in the following
         manner:

                                       10
<PAGE>

         Shareholding of INDIAN PARTNER / WWW            No. of nominees on the
                                                         Board
         Less than 49% but more than 25%                            2 (Two)
         25% or less but not less than 10%                          1 (One)
         Less than 10%                                              0 (Zero)

7.2      Proceedings of the Board

7.2.1    At least fourteen (14) clear days' notice of every meeting of the Board
         shall be given in writing to every Director. Such notice shall be
         accompanied by the agenda setting out the business proposed to be
         transacted at the meeting of the Board, provided however that with the
         consent of at least one (1) nominee director of WWW, a meeting of the
         Board may be convened by a shorter notice in case of an emergency or if
         special circumstances so warrant.

         Notice of all meetings of the Board shall also be given in writing to
         directors resident outside India by telex or facsimile transmission and
         confirmation copy by courier and a copy of such notice shall also be
         served at the address within India specified by such directors in
         writing to the JVC.

7.2.2    The quorum for a meeting of the Board shall be three (3) directors,
         provided that there shall be no quorum unless at least one (1) nominee
         director of WWW is present. If within half an hour from the time
         appointed for holding a meeting of a Board, a quorum as specified above
         is not present, the meeting of the Board shall stand adjourned by seven
         (7) days on the same day, time and place and if at such adjourned
         meeting of the Board, a quorum is not present within half an hour from
         the time appointed for holding the meeting of the Board, the directors
         present shall constitute a valid quorum provided at least one nominee
         director representing WWW is present.

7.2.3    The INDIAN PARTNER shall have the right to nominate the Chairman of the
         Board and WWW shall have a right to nominate the Vice-Chairman. The
         Chairman shall not have a second or casting vote. It is clarified that
         the Chairman will have the authority to represent the JVC before
         various Governmental authorities.

7.2.4    Subject to the provisions of the Act, a resolution by circulation shall
         be as valid and effectual as a resolution duly passed at a meeting of
         the Directors called and held in accordance with the provisions of Act
         and the Articles, provided it has been circulated in draft form,
         together with the relevant papers, if any, to all the Directors (then
         in India not being less in number than the quorum required) and has
         been approved by a majority of the Directors entitled to vote thereon
         provided always that such majority shall include an affirmative vote of
         at least one (1) nominee director of WWW.

                                       11
<PAGE>

7.3  Management

7.3.1    The JVC shall be managed by the Board of Directors who shall be
         responsible for making decisions relating to corporate policy on
         marketing, systems build out and expansion, management salaries,
         investments etc.

7.3.2    The Parties agree that there shall be two (2) Managing Directors in the
         JVC, one (1) to be appointed by each Party:

         1. Managing Director (Finance/Administration/Legal) to be appointed by
         WWW.

         2. Managing Director (Technical/Operations/Marketing) to be appointed
         by the INDIAN PARTNER.

         The Board shall, as far as permissible under the Act and subject to the
         terms and conditions of this Agreement, delegate the authority upon the
         Managing Directors to execute and implement the policies of the JVC and
         to take appropriate steps and measures for the effective management of
         the JVC.

8.       PROCEEDINGS AT GENERAL MEETINGS

8.1      The quorum for a General Meeting shall be two (2) members present in
         person or through a duly authorized representative in case of a member
         which is a company, provided that there shall be no quorum unless one
         (1) representative of WWW is present.

8.2      If within half an hour from the time decided for holding a General
         Meeting a quorum as specified above is not present, the General Meeting
         shall stand adjourned by seven (7) days on the same day, time and place
         as provided by law and if at such adjourned General Meeting a quorum is
         not present within half an hour from the time decided for holding the
         General Meeting, the members present shall constitute a valid quorum
         provided at least one (1) representative of WWW is present.

8.3      The Chairman of the Board will be the Chairman of the General Meeting
         who shall not have a casting or second vote.

8.4      All matters discussed/proposed in the shareholders meeting shall not be
         adopted except upon the affirmative vote of the nominee of WWW.

9.       UNDERTAKING OF THE PARTIES

9.1      The Parties jointly and severally undertake to ensure:

         i) that they, their representatives, proxies, agents and nominees
         representing them at General Meetings of the JVC shall at all times
         exercise their votes and through their respective nominee Directors (or
         Alternate Directors) at Board Meetings and, otherwise, act in such
         manner so as to comply with, and to fully and effectually implement the
         spirit, intent and specific provisions of this Agreement; and

         ii) that if any resolution is proposed contrary to the terms of this
         Agreement they, their representatives,

                                       12
<PAGE>

         proxies and agents representing them shall vote against it. If for any
         reason such a resolution is passed, the Parties shall, if necessary,
         join together and convene an Extraordinary General Meeting of the JVC
         for implementing the terms of this Agreement.

10.      RECORDS, REPORTS AND INSPECTION

10.1     Books and Records

         The Parties shall cause the JVC to maintain, in accordance with Indian
         laws, satisfactory financial accounting procedures and books and
         records which, in reasonable detail, accurately and fairly reflect its
         operations and transactions. The JVC shall also maintain a second set
         of books of accounts, accounting statements and accompanying reports in
         accordance with the international accounting standards applied within
         WWW.

10.2     Auditors

         The Parties agree that WWW and the INDIAN PARTNER shall jointly appoint
         the auditors of the JVC ("Auditors") from among the top five accounting
         firms of the world.

10.3     Audits

         An annual audit of the books of account, records and affairs of the JVC
         shall be made at the JVC's expense each year immediately following the
         close of the financial year by the Auditors. A signed copy of the
         report of the annual audit shall be submitted to each member of the
         Board of Directors.

10.4     Special Audit

         The Parties will have the right at any time to have a special audit of
         the books of account, records and affairs of the JVC but any special
         audit shall be at the expense of the Party requesting the same, unless
         material discrepancies in any of the JVC's accounts, records or affairs
         are discovered as a result of such audit, in which event the expenses
         for such audit shall be paid for by the JVC.

10.5     Right of Access

         Each Party through its nominated Directors or representatives shall at
         its own expense be entitled to have:

         i) reasonable access at all reasonable times to inspect and obtain
         copies of statutory records under the control of the JVC;

         ii) reasonable access at all reasonable times with prior notice to
         observe and inspect operations of the JVC; and

         iii) access to and right to make inquiry of employees of the JVC
         through the Managing Directors; and

         iv) The Managing Directors shall have the right of day to day access to
         verification (including verification by others on their/his behalf) of
         all financial, management accounting and other information relating to
         the JVC's activities and provide such information in such

                                       13
<PAGE>

         form as each Party may reasonably require after taking appropriate
         steps where applicable to safeguard confidentiality vis-a-vis third
         parties.

10.6     Financial Statements

         The INDIAN PARTNER shall cause the JVC to deliver to WWW yearly
         financial statements in relation to the conduct of the affairs and
         activities of the JVC within forty-five (45) days after the expiration
         of each year.

11.      CONDITIONS PRECEDENT

11.1     It is agreed between the Parties that prior to the commencement of the
         activities of the JVC, all the following conditions precedent must have
         been fully satisfied:

         i) The Approvals have been obtained;

         ii) The License has been obtained;

         iii) The Frequency Licenses have been obtained in respect of the cities
         stipulated in Article 4.2.4 (a);

         iv) Technical Collaboration Agreement has been executed between the JVC
         and WWW; and

         v) The Corporate Name and Trade Mark License Agreement has been
         executed between the JVC and WWW.

11.2     It is agreed that the INDIAN PARTNER will ensure the fulfillment of the
         conditions precedent by February 16, 2001 ("Effective Date") or such
         other date as may be mutually extended by the Parties in writing.

11.3     If any of the conditions referred to hereinabove are not fulfilled by
         the Effective Date, WWW in its sole discretion shall have the following
         options:

         i) If, in WWW's opinion, the conditions referred to in Article 11.1 are
         likely to be satisfied in the near future, allow an additional period
         of time to the INDIAN PARTNER to cause the JVC to fulfill the
         conditions; or

         ii) Terminate this Agreement in accordance with Article 13.3 and exit
         from the JVC in accordance with Article 13.4.

12.      NON-COMPETE

12.1     The Parties hereby agree that during the term of this Agreement and for
         a period of one (1) year after its termination for any reason
         whatsoever, the INDIAN PARTNER shall not, either themselves or through
         any of his nominee(s) or Affiliate(s) or subsidiary(ies) or any entity
         owned and/or controlled by him, have any business or commercial
         interest, directly or indirectly, and whether as a principal, agent,
         shareholder, director, partner, contractor, consultant, employee or in
         any other capacity be engaged in or otherwise be involved in any other
         business which competes or its susceptible to compete with the business
         of the JVC existing or for future.

                                       14
<PAGE>

13.      TERMINATION

13.1     This Agreement shall be binding upon the Parties from the Effective
         Date hereof and shall remain in force and effect until terminated
         pursuant to the provisions of this Agreement.

13.2     Either Party shall be entitled, at its option, to forthwith terminate
         this Agreement on the happening of any of the following events:

         i) If the other Party (the "Defaulting Party") commits any material
         breach or, default of the terms, conditions, undertakings and covenants
         of this Agreement so that the proper fulfillment of the Agreement is
         jeopardized to such a degree that the Non-Defaulting Party can no
         longer be expected to adhere to this Agreement. Provided however that
         if the breach can be remedied, the right herein shall be exercisable
         only upon the failure of the Defaulting Party to remedy the breach
         within ninety (90) days of receipt by it of a written notice from the
         Non-Defaulting Party requiring it to do so.

         ii) An event of Force Majeure preventing the JVC from carrying on its
         business for a continuous period of three (3) months.

         iii) If such a Party is required, other than in accordance with the
         provisions of this Agreement, to transfer all or part of its shares or
         to reduce its percentage of shareholding in the JVC due to a change in
         or enactment of any law or regulation in India.

13.3     In addition to its right to terminate as provided in Article 13.2
         above, this Agreement may be terminated by WWW as follows:

         i) in the event of enactment of any law or regulation in India, or the
         adoption by the Government of India or any political subdivision
         thereof of any policy, guideline or other similar direction which would
         have the effect of requiring any change in the terms of this Agreement
         adverse to WWW; or

         ii) in the event that all or any portion of the facilities or other
         assets of the JVC are nationalized or expropriated by, or taken over
         for a period in excess of one (1) month by the Government of India or
         any political subdivisions thereof; or

         iii) in the event WWW loses majority control over the Board of
         Directors of the JVC following any law, regulation, enactment or action
         of the Government of India; or

         iv) Non fulfillment of any of the conditions precedent as mentioned in
         Article 11.1 within the time period stipulated in Article 11.2.

13.4     In the event of termination of this Agreement by WWW due to any of the
         reasons mentioned in Article 13.2 and/or 13.3 above, WWW shall within a
         period of thirty (30) days have the right and the sole discretion to
         exercise the following options:

         i) Require the INDIAN PARTNER to sell all its shares in the JVC to WWW
         at a fair market price determined in accordance with the provisions of
         Article 13.7; provided, however, that the INDIAN PARTNER has been
         allowed to remedy the breach within a period of ninety (90) days from
         the date of notification of such breach in accordance with Article 22.

                                       15
<PAGE>

         ii) Require the INDIAN PARTNER to buy all its shares in the JVC at a
         fair market price determined in accordance with the provisions of
         Article 13.7.

         iii) In the event the INDIAN PARTNER is not willing to purchase the
         shares of WWW, WWW will have the right to sell its shares to a third
         party at a price mutually agreed between WWW and the third party.

13.5     If this Agreement is terminated by the INDIAN PARTNER due to a material
         breach by WWW in accordance with Article 13.2(i), the INDIAN PARTNER
         shall within a period of thirty (30) days have the right to exercise
         the following options:

         i) Require WWW to sell its shares in the JVC to the INDIAN PARTNER at a
         fair market price determined in accordance with the provisions of
         Article 13.7. Provided, however, that WWW has been allowed to remedy
         the breach within a period of ninety (90) days from the date of
         notification of such breach in accordance with Article 22.

         ii) Require WWW to buy all its shares in the JVC at a fair market price
         determined in accordance with the provisions of Article 3.7.

         iii) In the event the WWW is not willing to purchase the shares of the
         INDIAN PARTNER, the INDIAN PARTNER will have the right to sell its
         shares to a third party at a price mutually agreed between the INDIAN
         PARTNER and the third party.

13.6     In the event of exercise of an option by any Party in pursuance of
         Articles 13.4 and 13.5 hereof, the sale and purchase shall be completed
         within a period of a sixty (60) days after the expiry of the aforesaid
         thirty (30) day period. In the event WWW is prevented from exercising
         its option to purchase shares due to any laws or regulations in India,
         such Party shall have the right to nominate any nominee(s) who are not
         prohibited from such shares and such shares shall be sold to such
         nominee(s).

13.7     The sale of shares pursuant to this Article shall be at the fair market
         price. The market price of shares for the purposes of this Agreement
         shall be determined by an independent international accounting firm who
         shall act as experts and not arbitrators and shall be selected by
         mutual agreement of the Parties. The determination of the market price
         of the shares by the said firm shall be final.

         The time taken for determination of the market price shall be excluded
         from the time required for acceptance and/or completion of the share
         transfer. The time taken by the accounting firm to determine the market
         price shall not extend beyond sixty (60) days.

         Further, if any transfer of shares under this Article is subject to the
         Approvals (including final approvals from the RBI), then such transfer
         shall not become effective until such Approvals have first been
         obtained. If such Approvals are required, the time period(s) as
         prescribed in Article 13.6 for the completion of the sale and purchase
         transaction(s) shall be extended by the number of days required for
         obtaining the Approvals.

13.8     Neither termination of this Agreement nor exercise of any option
         provided for in this Article shall:

                                       16
<PAGE>

         i) relieve either Party from any liability for any failure to perform
         or comply with the terms of this Agreement; or

         ii) terminate any right or obligation set forth herein which in
         accordance with the terms hereof survives such expiration or
         termination, or which must necessarily survive such expiration or
         termination in order to give effect to any rights granted hereunder.

13.9     Upon the termination of this Agreement, the Parties hereto shall
         refrain from any acts, indications, publicity or advertisements which
         may mislead any third party into the belief that the Parties hereto
         still maintain business relationships with each other with reference to
         the JVC and no Party hereto shall commit any act detrimental to the
         business or reputation of the other Party.

14.      DISCLAIMER OF AGENCY AND PARTNERSHIP

14.1     Nothing in this Agreement is intended to constitute, or shall be
         construed to constitute, the Parties as partners of each other or of
         the JVC. Nothing contained herein will constitute any Party or the JVC
         an agent of any other Party or the JVC. Except as may otherwise be
         explicitly agreed in writing, no Party will have the authority to act
         on behalf of any other Party or the JVC, nor will the JVC have the
         authority to act on behalf of any Party. Neither the JVC nor either
         Party will incur or accept any liability or enter into commitments or
         contracts on behalf of any Party or the JVC without the express prior
         written approval of the party to be bound. The employees of each Party
         will remain the employees solely of such Party, except to the extent
         that the JVC may agree in writing with a Party that a specified
         employee is to be an employee of the JVC for a period of time.

15.      FINDER'S ROLE

         It is agreed between the Parties that the Finder and/or his nominees,
         representatives, agents and assignees shall not in any manner
         whatsoever be a part of the management and/or any other committee(s) of
         the JVC, including but not limited to the Board of Directors of the
         JVC. It is further agreed that the Finder shall not be considered as an
         employee, agent, representative or advisor of the JVC.

16.      ASSIGNMENT

16.1     No Party shall assign or transfer any of its rights and obligations
         hereunder without the prior written consent of the other Party, except
         as expressly provided for in connection with a transfer referred to in
         Article 4.3.6 hereof. This Agreement shall inure to the benefit of and
         be binding upon the respective successors and permitted assigns.

17.      ARBITRATION

17.1     All disputes arising in connection with this Agreement shall, to the
         extent possible, be settled amicably by prompt good faith negotiations
         between the representatives of the Parties. In default of such amicable
         settlement within sixty (60) days of the commencement of discussions,
         the dispute shall be finally settled under the (Indian) Arbitration and
         Conciliation Act, 1996 (the "Arbitration Act") by three (3) arbitrators
         appointed in accordance with said Arbitration Act, whose decision the
         Parties shall recognize and respect as final and binding upon the
         Parties without any right of appeal or review on any grounds whether in
         law or equity before

                                       17
<PAGE>

         any judicial or Government body. Any such arbitration proceeding shall
         be held at New Delhi in the English language.

         Either Party hereby recognizes the right of the other Party to petition
         any court for an order to confirm or enforce any arbitral decision
         rendered pursuant to the terms of this Article and agrees to submit to
         the jurisdiction of any court to which such a petition has been made.
         Either Party further agrees that it shall not commence or maintain any
         suit or legal proceeding concerning a dispute hereunder until such
         dispute has been finally settled in accordance with the arbitration
         procedure provided for herein and then only for enforcement of the
         arbitral award, if any.

17.2     Notwithstanding the aforesaid, either Party shall have the right to
         institute judicial proceedings against the other Party or any one
         acting through or under such Party in order to enforce the instituting
         Party's rights hereunder through reformation of contract, specific
         performance, injunction or similar equitable relief.

18.      GOVERNING LAW

         This Agreement shall be governed and construed in accordance with the
         laws of India.

19.      CONFIDENTIALITY

19.1     For the purposes of this Agreement, "Confidential information" shall
         mean all know-how and other technical, commercial or other information
         of any kind, whether or not patented or patentable or copyrighted or
         copyrightable, developed or acquired by a Party hereto or its
         Affiliates and disclosed to the other Party or its Affiliates or to the
         JVC provided that such know-how and information shall not constitute
         Confidential Information if it (a) was in the possession of the
         receiving party or known thereby (as shown by written records) prior to
         disclosure to the receiving party by the disclosing party; (b) was in
         the public domain when disclosed to the receiving party by the
         disclosing party or thereafter comes into the public domain through no
         fault of the receiving party; (c) was made known to the receiving party
         by one who had the right to disclose such information and who had not
         received the same from the disclosing party under an obligation of
         confidentiality; or (d) was developed independently by the receiving
         party as shown by written record.

19.2     The Parties and their Affiliates shall hold in confidence and shall not
         disclose in whole or part to any third party other than their
         Affiliates this Agreement or any contents thereof, except (i) as
         required by applicable law; (ii) as necessary to obtain Government
         approvals; or (iii) as part of necessary disclosures to the Parties' or
         the JVC's lenders, investment bankers, legal counsel and accountants.
         The Parties and their Affiliates shall consult with each other as to
         the form of any announcements or disclosures relating to this Agreement
         and shall confine any disclosures made to unaffiliated third parties to
         the form and substance so agreed upon between the Parties.

19.3     Notwithstanding disclosures by a Party hereto or its Affiliates of any
         Confidential Information to the other Party, the JVC or the employees
         thereof, the Parties agree that the Confidential Information of each
         Party or its Affiliates shall remain such Party's or its Affiliates'
         own Confidential Information.

19.4     The Parties agree that, during the term of this Agreement and for a
         period of five (5) years thereafter, the JVC and the Parties to whom
         Confidential Information may be disclosed (i) shall

                                       18
<PAGE>

         not without the prior written consent of the disclosing party disclose
         such Confidential Information to any third party (including their
         Affiliates) and (ii) shall use best efforts to safeguard such
         Confidential Information from misuse or unauthorized disclosure.

19.5     It is further agreed that during the term of this Agreement and for a
         period of five (5) years thereafter, the JVC and the Party to whom
         Confidential Information may be disclosed shall not use such
         Confidential Information other than to further the authorized
         activities of the JVC or to fulfill the obligations of such Party set
         forth in this Agreement or any of its Schedules.

20.      WAIVER

20.1     Except where time limitations are specifically provided, no failure or
         delay by either Party (i) to exercise any right hereunder or (ii) to
         insist upon the strict and punctual performance of any term hereof
         shall operate as a waiver thereof. Further, a single or partial
         exercise of any right shall not preclude an additional or further
         exercise thereof or the exercise of any other right. To be effective,
         each waiver of any right hereunder must be in writing and signed by the
         Party waiving its right, and such waiver may be made subject to any
         conditions specified therein.

21.      EXCLUSIVE AGREEMENT, AMENDMENT

21.1     This Agreement including its Exhibits and/or Schedules (which
         constitute an integral part of this Agreement) constitutes the entire
         agreement between the Parties with respect to the subject matter hereof
         and supersedes all prior or contemporaneous agreements, negotiations,
         correspondence and undertakings, whether verbal or written, express or
         implied. This Agreement cannot be changed, amended, modified or
         terminated except by a written instrument executed by the Parties.

22.      NOTICE

22.1     Notices, consents and other communications hereunder shall be in
         writing, signed by the Party giving notice, and shall be deemed
         delivered and received (i) if sent by telecopy confirmed by registered
         mail, one day after transmission (ii) if personally delivered, upon
         receipt and (iii) if mailed, seven (7) days after being sent by
         registered or certified mail (return receipt requested) and properly
         addressed to the other Party at the address given at the beginning of
         this Agreement or at such other address as a Party may direct by notice
         in accordance with this Article.

23.      PARTIAL INVALIDITY

23.1     In the event any term of this Agreement is declared by a judicial or
         Government authority to be legally invalid, non-binding or
         unenforceable, such term shall be deemed deleted herefrom and shall
         neither affect the Agreement in other respects nor the validity and
         enforceability of the remaining terms. In the event of a conflict,
         inconsistency or discrepancy between the terms of this Agreement and
         those of its Exhibits attached hereto, the terms of this Agreement
         shall prevail.

                                       19
<PAGE>
24.      COMPLIANCE WITH THE AGREEMENT

         i) The Parties shall cause the JVC to acknowledge, undertake and
         perform all obligations intended under this Agreement.

         ii) The Parties represent and undertake that they shall, at all times,
         act, and cause their representatives to act (in Board meetings and/or
         General Meetings or otherwise) and to exercise their respective rights
         to implement at all times the underlying spirit, intent and obligations
         set forth in this Agreement.

IN WITNESS WHEREOF, the Parties hereto have signed this Agreement in two (2)
original copies as of the date first set forth above.

For WORLD WIDE WIRELESS COMMUNICATIONS INC.

------------------------------
Name:

Title:

MR. NEELAM KUMAR OSWAL

WITNESSES:

1.

2.

                                       20
<PAGE>
                                   SCHEDULE-I

                  SCHEDULE FOR PAYMENT* FOR FREQUENCY LICENSES

A.     Major Cities
       Sr. No.                   Cities                            Value

       1.                        New Delhi                         US $280,000

       2.                        Mumbai                            US $280,000

       3.                        Chennai                           US $280,000

       4.                        Calcutta                          US $280,000

       5.                        Ahmedabad                         US $280,000

       6.                        Bangalore                         US $280,000

       7.                        Hyderabad                         US $280,000

       8.                        Prune                             US $280,000

B.     Major Cities
       Sr. No.                   Cities                            Value

       1.                        Ludhiana                          US $40,000

       2.                        Jaipur                            US $40,000

       3.                        Vadodara                          US $40,000

       4.                        Trivandrum                        US $40,000

       5.                        Bhopal                            US $40,000

       6.                        Amritsar                          US $40,000

       7.                        Kanpur                            US $40,000

       8.                        Chandigarh                        US $40,000

       9.                        Surat                             US $40,000

                                       21
<PAGE>

       10.                       Lucknow                           US $40,000

       11.                       Indore                            US $40,000

       12.                       Kochi                             US $40,000

       13.                       Patna                             US $40,000

*Note: The obligation of WWW to invest the first installment in the JVC out of
the Maximum Amount (as mentioned in Article 4.2.3) shall arise only after the
INDIAN PARTNER has obtained the License and the Frequency Licenses in respect of
the following cities:

1.       Delhi
2.       Mumbai
3.       Chennai
4.       Bangalore
5.       Ludhiana

                              --------------------

                                       22

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00019-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00019-of-00352.parquet"}]]