Document:

Exhibit 10.13
                                  -------------

                               CONDOR CAPITAL INC.
                            PLACEMENT AGENT AGREEMENT

                                                  Dated as of: December 4, 2000
May Davis Group, Inc.
One World Trade Center - Suite 8735
New York, New York, 10048

Ladies and Gentlemen:

     The undersigned,  Condor Capital Inc., (the "Company"),  hereby agrees with
May Davis Group, Inc. ("May Davis") as follows:

     1.  Offering.
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     The  Company  hereby  engages May Davis to act as its  exclusive  placement
agent in  connection  with the Credit  Agreement  (as  defined  herein)  for the
issuance and sale by the Company (the "Offering") of the Company's Common Stock,
$0.001 par value per share (the "Common  Stock"),  at a price per share equal to
the  Purchase  Price,  as that  term is  defined  in the  Equity  Line of Credit
Agreement  dated the date hereof  between the  Company  and the  investor  named
therein ( the "Credit Agreement"),  for an aggregate price of up to $10,000,000.
All capitalized  terms used herein and not otherwise defined shall have the same
meaning  ascribed  to them as in the  Credit  Agreement.  The  Investor  will be
granted  certain  registration  rights with  respect to the Common Stock as more
fully set forth in the Registration Rights Agreement between the Company and the
Investor  dated the date hereof,  and May Davis will be granted  common stock of
the Company  described  herein.  The  documents to be executed and  delivered in
connection with the Offering,  including but not limited to this Agreement,  the
Credit Agreement,  the Registration Rights Agreement,  the Escrow Agreement, (as
hereinafter defined) are referred to sometimes  hereinafter  collectively as the
"Offering  Materials."  The  Company's  Common  Stock and  there  are  sometimes
referred to hereinafter collectively as the "Securities." May Davis shall not be
obligated to sell any  Securities and this Offering by May Davis shall be solely
on a "best efforts basis."

     2. Information.
        -----------

     A. Upon the  occurrence of each Closing,  the funds  received in respect of
the shares of Common  Stock  purchased  by the  Investor  will be  disbursed  in
accordance  with the terms of the  Credit  Agreement,  net of (i) legal fees and
other expenses related thereto due at the initial Closing to May Davis's counsel
in the amount of Twenty Five Thousand Dollars ($25,000).

     B. In addition to the foregoing compensation,  the Company pay to May Davis
upon the execution of the Credit Agreement the following:  (i) restricted Common
Stock  compensation  in the amount of three  percent (3%) of the total amount of
the Credit Agreement. May Davis shall be entitled to certain demand registration
rights  with  respect to the  restricted  shares of Common  Stock  pursuant to a
registration rights agreement in substantially the same form annexed hereto (the
"Registration   Rights   Agreement");(ii)   May  Davis  shall  receive  as  cash
compensation  an amount equal to five percent (5%) of the gross proceeds of each
advance to the Company pursuant to the Credit Agreement.

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     3. Representations, Warranties and Covenants of May Davis.
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     A. May Davis represents,  warrants and covenants as follows:

          (i) May Davis has the  necessary  power to enter into this  Agreement,
     the and to consummate the transactions contemplated hereby and thereby.

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

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

          (iv) May Davis will not deliver any documents  related to the Offering
     to any person it does not reasonably believe to be an Accredited Investor.

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

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

          (vii) May Davis is a member of the National  Association of Securities
     Dealers, Inc., and is a broker-dealer registered as such under the 1934 Act
     and under the securities laws of the states in which the Securities will be
     offered  or  sold  by  May  Davis,  unless  an  exemption  for  such  state
     registration is available to May Davis. May Davis is in compliance with all
     material  rules  and  regulations  applicable  to May Davis  generally  and
     applicable to May Davis's participation in the Offering.

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     4. Representations and Warranties of the Company.
        ---------------------------------------------

     A. The Company represents and warrants as follows:

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

          (ii)  The  Company  has a  duly  authorized,  issued  and  outstanding
     capitalization as set forth in the Credit  Agreement.  The Company is not a
     party  to or  bound  by any  instrument,  agreement  or  other  arrangement
     providing for it to issue any capital stock, rights,  warrants,  options or
     other  securities,  except for this Agreement and the agreements  described
     herein and as described in the Credit Agreement. All issued and outstanding
     securities of the Company, have been duly authorized and validly issued and
     are fully paid and  non-assessable;  the holders  thereof have no rights of
     rescission or preemptive rights with respect thereto and are not subject to
     personal liability solely by reason of being security holders;  and none of
     such  securities  was issued in violation of the  preemptive  rights of any
     holders of any security of the Company.  The Company has 100,000,000 shares
     of  authorized  Common  Stock,  20,155,010  of  which  will be  issued  and
     outstanding  as of the date hereof.

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

          (iv) The  Company  has good and  marketable  title  to,  or valid  and
     enforceable  leasehold  estates in, all items of real and personal property
     necessary to conduct its business  (including,  without limitation any real
     or personal property stated in the Offering Materials to be owned or leased
     by the  Company),  free  and  clear  of all  liens,  encumbrances,  claims,
     security  interests and defects of any material  nature  whatsoever,  other
     than those set forth in the Offering  Materials and liens for taxes not yet
     due and payable.

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

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

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

                                       4
<PAGE>

          (viii) Except as set forth in the Offering  Materials,  the Company is
     not in  breach  of,  or in  default  under,  any term or  provision  of any
     material  indenture,  mortgage,  deed of trust, lease, note, loan or credit
     agreement or any other  material  agreement  or  instrument  evidencing  an
     obligation  for  borrowed  money,  or  any  other  material   agreement  or
     instrument  to which it is a party or by which it or any of its  properties
     may be bound or affected.  The Company is not in violation of any provision
     of its  charter or  by-laws  or in  violation  of any  franchise,  license,
     permit, judgment, decree or order, or in violation of any material statute,
     rule or regulation.  Neither the execution and delivery of this  Agreement,
     the  Credit  Agreement,  the  Registration  Rights  Agreement,  the  Escrow
     Agreement, nor the issuance and sale or delivery of the Securities, nor the
     consummation  of any  of the  transactions  contemplated  herein  or in the
     Credit Agreement,  the Registration Rights Agreement, the Escrow Agreement,
     nor the compliance by the Company with the terms and  provisions  hereof or
     thereof,  has conflicted  with or will conflict with, or has resulted in or
     will  result in a breach  of,  any of the terms and  provisions  of, or has
     constituted or will  constitute a default under, or has resulted in or will
     result in the creation or  imposition  of any lien,  charge or  encumbrance
     upon any  property or assets of the Company or pursuant to the terms of any
     indenture,  mortgage,  deed of trust, note, loan or credit agreement or any
     other agreement or instrument  evidencing an obligation for borrowed money,
     or any other  agreement or  instrument to which the Company may be bound or
     to which any of the property or assets of the Company is subject except (a)
     where such default,  lien,  charge or encumbrance would not have a material
     adverse  effect  on the  Company  and  (b)  as  described  in the  Offering
     Materials;  nor will such action result in any violation of the  provisions
     of the  charter  or the  by-laws  of  the  Company  or,  assuming  the  due
     performance by May Davis of its obligations hereunder, any material statute
     or any material order, rule or regulation  applicable to the Company of any
     court or of any foreign,  federal,  state or other regulatory  authority or
     other government body having jurisdiction over the Company.

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

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

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

          (xii) Except as described  in the Offering  Materials,  the Company is
     not under any obligation to pay royalties or fees of any kind whatsoever to
     any third party with respect to any trademarks,  service marks, copyrights,
     service  names,  trade names,  patents,  patent  applications,  licenses or
     technology  it has  developed,  uses,  employs or intends to use or employ,
     other than to their respective licensors.

          (xiii)  Subject  to the  performance  by May Davis of its  obligations
     hereunder,  the Credit  Agreement and the offer and sale of the  Securities
     comply,  and will  continue  to  comply,  up to the  Commitment  Period (as
     defined  in  the  Credit  Agreement)  in all  material  respects  with  the
     requirements of Rule 506 of Regulation D promulgated by the SEC pursuant to
     the 1933 Act and any  other  applicable  federal  and  state  laws,  rules,
     regulations and executive  orders.  Neither the Offering  Materials nor any
     amendment or supplement  thereto nor any documents  prepared by the Company
     in  connection  with the Offering  will  contain any untrue  statement of a
     material  fact or omit to state any  material  fact  required  to be stated
     therein  or  necessary  to make  the  statements  therein,  in light of the
     circumstances under which they were made, not misleading. All statements of
     material  facts in the  Offering  Materials  are true and correct as of the
     date of the Offering  Materials and will be true and correct on the date of
     the Closing.

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

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

     5. Certain Covenants and Agreements of the Company.
        -----------------------------------------------

     The Company  covenants and agrees at its expense and without any expense to
May Davis as follows:

     A. To advise  May Davis of any  material  adverse  change in the  Company's
financial  condition,  prospects  or business or of any  development  materially
affecting the Company or rendering  untrue or misleading any material  statement
in the  Offering  Materials  occurring  at any time prior to any Advance Date as
soon as the Company is either  informed or becomes aware thereof.

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

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

     D. To deliver, during the Commitment Period, to May Davis, upon May Davis's
request, in the manner provided in Section 10(B) of this Agreement, within forty
five (45) days after the end of each of the first three  quarters of each fiscal
year of the  Company,  commencing  with  the  first  quarter  ending  after  the
Commitment Period, a statement of its income for each such quarterly period, and
its balance sheet and a statement of changes in  stockholders'  equity as of the
end of  such  quarterly  period,  all in  reasonable  detail,  certified  by its
principal  financial or accounting  officer;  (ii) within ninety (90) days after
the close of each fiscal year,  its balance sheet as of the close of such fiscal
year,   together  with  a  statement  of  income,  a  statement  of  changes  in
stockholders'  equity and a statement  of cash flow for such fiscal  year,  such
balance sheet, statement of income, statement of changes in stockholders' equity
and statement of cash flow to be in reasonable  detail and accompanied by a copy
of the  certificate  or  report  thereon  of  independent  auditors  if  audited
financial  statements are prepared;  and (iii) a copy of all documents,  reports
and information  furnished to its  stockholders at the time that such documents,
reports and information are furnished to its stockholders.

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     E. To  comply  with the terms of the  Credit  Agreement,  the  Registration
Rights  Agreement,  and the Escrow  Agreement.  F. To issue to May Davis, or May
Davis's  designee,  upon  the  execution  of the  Credit  Agreement,  shares  of
restricted  Common  stock of the Company  equal three  percent (3%) of the total
amount of the Credit Agreement.

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

     6. Indemnification.
        ---------------

     A. The Company  hereby agrees that it will indemnify and hold May Davis and
each officer,  director,  shareholder,  employee or representative of May Davis,
and each person  controlling,  controlled  by or under  common  control with May
Davis within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934
Act or the SEC's rules and regulations  promulgated  there under (the "Rules and
Regulations"),  harmless  from and  against  any and all  loss,  claim,  damage,
liability,  cost or expense whatsoever  (including,  but not limited to, any and
all  reasonable  legal fees and other  expenses  and  disbursements  incurred in
connection with investigating, preparing to defend or defending any action, suit
or proceeding, including any inquiry or investigation,  commenced or threatened,
or any claim whatsoever or in appearing or preparing for appearance as a witness
in any action,  suit or  proceeding,  including  any inquiry,  investigation  or
pretrial proceeding such as a deposition) to which May Davis or such indemnified
person of May Davis may become  subject  under the 1933 Act,  the 1934 Act,  the
Rules and Regulations,  or any other federal or state law or regulation,  common
law or  otherwise,  arising  out of or based  upon (i) any untrue  statement  or
alleged  untrue  statement of a material fact contained in (a) Section 4 of this
Agreement,  (b) the Offering Materials (except those written statements relating
to May Davis given by an  indemnified  person for  inclusion  therein),  (c) any
application or other document or written  communication  executed by the Company
or  based  upon  written  information  furnished  by the  Company  filed  in any
jurisdiction  in order to qualify  the Common  Stock under the  securities  laws
thereof,  or any state  securities  commission  or agency;  (ii) the omission or
alleged omission from documents  described in clauses (a), (b) or (c) above of a
material fact required to be stated  therein or necessary to make the statements
therein not  misleading;  or (iii) the breach of any  representation,  warranty,
covenant or agreement made by the Company in this Agreement. The Company further
agrees that upon demand by an  indemnified  person,  at any time or from time to
time, it will promptly  reimburse such indemnified  person for any loss,  claim,
damage,  liability,  cost  or  expense  actually  and  reasonably  paid  by  the
indemnified  person as to which the Company has indemnified such person pursuant
hereto.  Notwithstanding  the foregoing  provisions of this Paragraph  6(A), any
such payment or reimbursement by the Company of fees,  expenses or disbursements
incurred by an indemnified person in any proceeding in which a final judgment by
a court of competent  jurisdiction  (after all appeals or the expiration of time
to appeal) is entered against May Davis or such  indemnified  person as a direct
result of May Davis or such person's  gross  negligence  or willful  misfeasance
will be promptly repaid to the Company.

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

     C. Promptly after receipt by an indemnified party of notice of commencement
of any  action  covered  by Section  6(A) or 6(B),  the party to be  indemnified
shall,  within five (5)  business  days,  notify the  indemnifying  party of the
commencement  thereof;  the omission by one  indemnified  party to so notify the
indemnifying party shall not relieve the indemnifying party of its obligation to
indemnify any other  indemnified  party that has given such notice and shall not
relieve the indemnifying party of any liability outside of this  indemnification
if not materially  prejudiced  thereby.  In the event that any action is brought
against  the  indemnified  party,  the  indemnifying  party will be  entitled to
participate  therein and, to the extent it may desire, to assume and control the
defense thereof with counsel chosen by it which is reasonably  acceptable to the
indemnified  party. After notice from the indemnifying party to such indemnified
party of its election to so assume the defense thereof,  the indemnifying  party
will not be liable to such indemnified party under such Section 6(A) or 6(B) for
any legal or other expenses  subsequently  incurred by such indemnified party in
connection with the defense thereof,  but the indemnified  party may, at its own
expense,  participate in such defense by counsel chosen by it, without, however,
impairing  the  indemnifying  party's  control  of the  defense.  Subject to the
proviso of this sentence and notwithstanding any other statement to the contrary
contained  herein,  the  indemnified  party or  parties  shall have the right to
choose its or their own counsel  and  control the defense of any action,  all at
the expense of the  indemnifying  party if, (i) the  employment  of such counsel
shall have been  authorized in writing by the  indemnifying  party in connection
with the  defense of such action at the expense of the  indemnifying  party,  or
(ii)  the  indemnifying   party  shall  not  have  employed  counsel  reasonably
satisfactory  to such  indemnified  party to have  charge of the defense of such
action within a reasonable time after notice of  commencement of the action,  or
(iii) such  indemnified  party or parties shall have  reasonably  concluded that
there  may be  defenses  available  to it or them  which are  different  from or
additional  to those  available  to one or all of the  indemnifying  parties (in
which  case the  indemnifying  parties  shall not have the  right to direct  the
defense of such action on behalf of the indemnified party or parties), in any of
which events such fees and expenses of one additional  counsel shall be borne by
the indemnifying  party;  provided,  however,  that the indemnifying party shall
not, in connection with any one action or separate but substantially  similar or
related  actions  in the  same  jurisdiction  arising  out of the  same  general
allegations or  circumstance,  be liable for the reasonable fees and expenses of
more than one separate  firm of  attorneys at any time for all such  indemnified
parties.  No settlement of any action or proceeding against an indemnified party
shall be made  without the  consent of the  indemnifying  party.

                                       8
<PAGE>

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

     7. Payment of Expenses.
        -------------------

     The Company  hereby agrees to bear all of the expenses in  connection  with
the Offering, including, but not limited to the following: filing fees, printing
and duplicating costs, advertisements, postage and mailing expenses with respect
to the  transmission of Offering  Materials,  registrar and transfer agent fees,
Escrow Agent fees and expenses,  fees of the Company's  counsel and accountants,
issue and transfer taxes, if any, and counsel fees and expenses.

                                       9
<PAGE>

     8. Conditions of Each Closing
        --------------------------

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

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

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

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

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

     E. At the  initial  Closing,  the  Company  shall  have duly  executed  and
delivered to May Davis, or its designees,  shares of the Company's common stock,
in the names and denominations specified by May Davis.

                                       10
<PAGE>

     9. Termination.
        -----------

     This Agreement shall be co-terminus with, and terminate upon the same terms
and  conditions as those set forth in, the Credit  Agreement.  The rights of the
Investor  and the  obligations  of the  Company  under the  Registration  Rights
Agreement,  and the rights of May Davis and the obligations of the Company under
the Placement  Agent's Warrants and the Placement  Agent's  Registration  Rights
Agreement shall survive the termination of this Agreement unabridged.

     10. Miscellaneous.
         -------------

     A. This  Agreement may be executed in any number of  counterparts,  each of
which shall be deemed to be an original, but all which shall be deemed to be one
and the same  instrument.

     B. Any notice required or permitted to be given hereunder shall be given in
writing and shall be deemed  effective when deposited in the United States mail,
postage  prepaid,  or when  received  if  personally  delivered  or faxed ( upon
confirmation of receipt received by the sending party), addressed as follows:

         To May Davis:
                  May Davis Group, Inc.
                  One World Trade Center - Suite 8735
                  New York, New York  10048
                  Attention: Michael Jacobs

         with a copy to:
                  Butler Gonzalez LLP
                  1000 Stuyvesant Avenue
                  Suite #6
                  Union, NJ  07083
                  Fax: (908) 810-0973
                  Attention: David Gonzalez, Esq.

         To the Company:
                  Condor Capital Inc.
                  3753 Howard Hughes Parkway
                  Suite 2012
                  Las Vegas, Nevada

                  Attention: Lee Gahr and Les Hammond

         with copy to:

            George G. Chachas, Esq.
            Wenthur & Chachas
            4180 La Jolla Village Drive
            Suite 500
            La Jolla, CA  92037
            Telephone: (858) 457-3800
            Facsimile: (858) 457-3691

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

                                       11
<PAGE>

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

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

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

                           [SIGNATURE PAGE TO FOLLOW]

                                       12
<PAGE>

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

                                         CONDOR CAPITAL INC.

                                         By: /S/ Lee Gahr
                                         --------------------------------------
                                            Name: Lee Gahr
                                            Title: President and CEo

                                         MAY DAVIS GROUP, INC.

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

                                       13
<PAGE>

                                   SCHEDULE A

COMMON STOCK HOLDER                                  AMOUNT
-------------------                                  ------

The May Davis Group, Inc.
Mark A. Angelo
Joseph Donohue
Hunter Singer
Robert Farrell
Matthew Beckman

                                       14Exhibit 10.14
                                 -------------

                                ESCROW AGREEMENT
                                ----------------

     THIS ESCROW  AGREEMENT  (this  "Agreement")  is made and entered into as of
December 4, 2000, by Condor Capital Inc., a Nevada  Corporation (the "Company");
The May Davis Group, a Maryland  corporation (the "Placement Agent");  and First
Union National Bank, a national banking  association,  as Escrow Agent hereunder
(the "Escrow Agent").

                                   BACKGROUND
                                   ----------

     WHEREAS, the Company and the Placement Agents have entered into a Placement
Agency  Agreement  (the  "Placement  Agency  Agreement"),  dated  as of the date
hereof,  pursuant to which the Company  proposes  to sell the  Company's  Common
Stock,  $0.01 par value per share  (the  "Common  Stock"),  at a price per share
equal to the  Purchase  Price,  as that  term is  defined  in the Line of Credit
Agreement  dated the date hereof  between the  Company  and the  investor  named
therein ( the "Credit Agreement"),  for an aggregate price of up to $10,000,000.
The Credit Agreement provides that the Investor shall deposit the Advance Amount
pursuant  to the Advance  Notice in a  segregated  escrow  account to be held by
Escrow Agent in order to effectuate a  disbursement  to the Company at a closing
to be held as set forth in the Credit Agreement. (the "Closing")

     WHEREAS,  the  Placement  Agent  intend  to sell  the  Common  Stock as the
Company's agent (the "Offering").

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

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

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

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

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

<PAGE>

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

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

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

     (ii) The expiration of the Line of Credit  Agreement as defined Section 2.5
therein (unless extended by mutual written agreement between the Company and the
Placement Agent with a copy of such extension to the Escrow Agent); or

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

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

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

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

Bank: First Union National Bank of New Jersey
Routing # 031201467
Account # 2020000659170
Name on Account: Butler Gonzalez LLP/First Union Escrow Account
Name on Sub-Account:  Condor Capital Inc./May Davis Group, Inc.
                      Escrow account
Reference Sub-Account #  1299-00
Attn:    Robert Mercado (732) 452-3005
         Carmela Agugliaro (732) 452-3005 Only wire transfers shall be accepted.

                                       2
<PAGE>

     4. Deposits into the Escrow  Account.  The Placement Agent agrees that they
shall promptly  deliver all monies received from  subscribers for the payment of
the Common Stock to the Escrow Agent for deposit in the Escrow Account.

     5. Disbursements from the Escrow Account.

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

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

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

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

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

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

                                       3
<PAGE>

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

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

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

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

     8.  Investment of Escrow  Funds.  The Escrow Agent shall deposit the Escrow
Funds in a non-interest bearing money market account.

     If Escrow Agent has not received a Joint Written Direction at any time that
an investment  decision must be made, Escrow Agent shall invest the Escrow Fund,
or such  portion  thereof,  as to  which  no Joint  Written  Direction  has been
received,  in investments  described above. The foregoing  investments  shall be
made by the Escrow Agent.  Notwithstanding  anything to the contrary  contained,
Escrow Agent may,  without  notice to the parties,  sell or liquidate any of the
foregoing  investments at any time if the proceeds  thereof are required for any
release of funds permitted or required hereunder,  and Escrow Agent shall not be
liable or responsible for any loss, cost or penalty resulting from any such sale
or  liquidation.  With respect to any funds received by Escrow Agent for deposit
into the Escrow Funds or any Joint  Written  Direction  received by Escrow Agent
with respect to  investment  of any funds in the Escrow Funds after ten o'clock,
a.m.,  New Jersey time,  Escrow Agent shall not be required to invest such funds
or to effect such investment  instruction until the next day upon which banks in
New Jersey are open for business.

                                       4
<PAGE>

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

     10. Liability of Escrow Agent.

     a. Escrow Agent shall have no liability or  obligation  with respect to the
Escrow Funds except for Escrow Agent's willful  misconduct or gross  negligence.
Escrow Agent's sole responsibility shall be for the safekeeping, investment, and
disbursement of the Escrow Funds in accordance with the terms of this Agreement.
Escrow  Agent  shall  have no  implied  duties or  obligations  and shall not be
charged with knowledge or notice or any fact or  circumstance  not  specifically
set forth herein. Escrow Agent may rely upon any instrument,  not only as to its
due execution, validity and effectiveness, but also as to the truth and accuracy
of any  information  contained  therein,  which Escrow Agent shall in good faith
believe to be genuine, to have been signed or presented by the person or parties
purporting to sign the same and conform to the provisions of this Agreement.  In
no event shall Escrow Agent be liable for  incidental,  indirect,  special,  and
consequential or punitive  damages.  Escrow Agent shall not be obligated to take
any legal action or commence any proceeding in connection with the Escrow Funds,
any account in which Escrow Funds are  deposited,  this  Agreement or the Credit
Agreement,  or to appear  in,  prosecute  or  defend  any such  legal  action or
proceeding.  Escrow Agent may consult legal counsel  selected by it in any event
of any dispute or question as to construction of any of the provisions hereof or
of any other  agreement  or its duties  hereunder,  or  relating  to any dispute
involving  any party  hereto,  and shall incur no  liability  and shall be fully
indemnified  from any  liability  whatsoever  in acting in  accordance  with the
opinion or  instructions  of such counsel.  The Company and the Placement  Agent
jointly and severally  shall promptly pay, upon demand,  the reasonable fees and
expenses of any such counsel.

                                       5
<PAGE>

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

     11.  Indemnification  of Escrow Agent. From and at all times after the date
of this  Agreement,  the parties  jointly and severally,  shall,  to the fullest
extent  permitted by law and to the extent provided  herein,  indemnify and hold
harmless Escrow Agent and each director, officer, employee,  attorney, agent and
affiliate of Escrow Agent (collectively,  the "Indemnified Parties") against any
and all actions,  claims (whether or not valid), losses,  damages,  liabilities,
costs  and  expenses  of  any  kind  or  nature  whatsoever  (including  without
limitation  reasonable  attorney's  fees,  costs and  expenses)  incurred  by or
asserted against any of the Indemnified  Parties from and after the date hereof,
whether direct, indirect or consequential,  as a result of or arising from or in
any way relating to any claim,  demand,  suit, action, or proceeding  (including
any inquiry or  investigation) by any person,  including without  limitation the
parties to this Agreement,  whether  threatened or initiated,  asserting a claim
for any legal or  equitable  remedy  against  any  person  under any  statute or
regulation, including, but not limited to, any federal or state securities laws,
or under any common law or  equitable  cause or  otherwise,  arising  from or in
connection with the negotiation,  preparation, execution, performance or failure
of performance of this Agreement or any transaction contemplated herein, whether
or not any such  Indemnified  Party is a party to any such action or proceeding,
suit or the target of any such inquiry or investigation; provided, however, that
no  Indemnified  Party  shall  have the right to be  indemnified  hereunder  for
liability finally determined by a court of competent jurisdiction, subject to no
                                       6
<PAGE>

further  appeal,  to have resulted  solely from the gross  negligence or willful
misconduct  of such  Indemnified  Party.  If any such  action or claim  shall be
brought or asserted against any Indemnified  Party, such Indemnified Party shall
promptly notify the Company and the Placement  Agent  hereunder in writing,  and
the Placement Agent and the Company shall assume the defense thereof,  including
the  employment  of counsel and the payment of all  expenses.  Such  Indemnified
Party shall, in its sole  discretion,  have the right to employ separate counsel
(who may be selected by such  Indemnified  Party in its sole  discretion) in any
such action and to participate  and to participate in the defense  thereof,  and
the fees and expenses of such counsel shall be paid by such  Indemnified  Party,
except that the  Placement  Agents  and/or the Company  shall be required to pay
such fees and expense if (a) the  Placement  Agent or the  Company  agree to pay
such fees and expenses, or (b) the Placement Agent and/or the Company shall fail
to assume the defense of such action or  proceeding  or shall fail,  in the sole
discretion of such Indemnified Party, to employ counsel reasonably  satisfactory
to the  Indemnified  Party in any such action or  proceeding,  (c) the Placement
Agent and the Company is the  plaintiff in any such action or  proceeding or (d)
the named or potential  parties to any such action or proceeding  (including any
potentially impleaded parties) include both Indemnified Party the Company and/or
the Placement  Agent  Indemnified  Party shall have been advised by counsel that
there may be one or more legal defenses available to it which are different from
or additional  to those  available to the Company or the  Placement  Agent.  The
Placement  Agent and the Company  shall be jointly and  severally  liable to pay
fees and expenses of counsel pursuant to the preceding sentence, except that any
obligation  to pay under  clause (a) shall apply only to the party so  agreeing.
All such fees and expenses  payable by the Company  and/or the  Placement  Agent
pursuant to the foregoing  sentence shall be paid from time to time as incurred,
both in advance of and after the final  disposition of such action or claim. The
obligations  of the parties under this section shall survive any  termination of
this  Agreement,  and  resignation  or  removal  of the  Escrow  Agent  shall be
independent of any obligation of Escrow Agent.

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

12.  Expenses  of Escrow  Agent.  Except as set forth in Section 11 the  Company
shall reimburse Escrow Agent for all of its reasonable  out-of-pocket  expenses,
including attorneys' fees, travel expenses, telephone and facsimile transmission
costs, postage (including express mail and overnight delivery charges),  copying
charges and the like. All of the compensation and reimbursement  obligations set
forth in this  Section  shall be payable by the  Company,  upon demand by Escrow
Agent.  The  obligations  of the Company  under this Section  shall  survive any
termination of this Agreement and the resignation or removal of Escrow Agent.

                                       7
<PAGE>

     13. Warranties.

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

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

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

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

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

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

          (vi) All of the  representations and warranties of the Placement Agent
          contained  herein are true and complete as of the date hereof and will
          be true and complete at the time of any  disbursement  from the Escrow
          Funds.

                                       8
<PAGE>

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

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

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

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

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

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

          (vi)  All  of  the  representations  and  warranties  of  the  Company
          contained  herein are true and complete as of the date hereof and will
          be true and complete at the time of any  disbursement  from the Escrow
          Funds.

                                       9
<PAGE>

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

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

                  If to Placement Agent, to:

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

                  with Copy to:

                  Butler Gonzalez LLP
                  1000 Stuyvesant Avenue
                  Suite #6
                  Union, NJ  07083
                  Attention: David Gonzalez, Esq.
                  Facsimile: (908) 810-0973

                  If to Company, to:

                  Condor Capital Inc.
                  3753 Howard Hughes Parkway
                  Suite 2012
                  Las Vegas, Nevada

                  Attn: Lee Gahr and Les Hammond

                  Facsimile: (604) 925-2502

                                       10
<PAGE>

                  with copy to:
                        George G. Chachas, Esq.
                        Wenthur & Chachas
                        4180 La Jolla Village Drive
                        Suite 500
                        La Jolla, CA  92037
                        Telephone: (858) 457-3800
                        Facsimile: (858) 457-3691

                  If to Escrow Agent, to:

                  First Union National Bank,
                  407 Main Street
                  Metuchen, NJ 08840
                  Attention: Robert Mercado
                             Carmela Agugliaro
                  Facsimile: (732) 452-3005

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

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

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

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

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

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

                                       11
<PAGE>

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

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

                            [Signature Page Follows]

                                       12
<PAGE>

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

                                             CONDOR CAPITAL INC.

                                             By: /S/ Lee Gahr
                                             ---------------------------------
                                                 Name: Lee Gahr
                                                 Title: President and CEO

                                             FIRST UNION NATIONAL BANK

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

                                             THE MAY DAVIS GROUP, INC.
                                             By: /S/ Michael Jacobs
                                             ----------------------------------
                                                 Name: Michael Jacobs
                                                 Title: Managing Director

                                       13

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