Document:

AMERICAN CAPITAL FINANCIAL SERVICES, INC.

                                    AGREEMENT

                                       FOR

                          BUSINESS CONSULTING SERVICES

This Agreement  ("Agreement") is entered into in Costa Mesa, California,  by and
between  American  Capital  Financial  Service,   Inc.  a  Wyoming   Corporation
("American"),  and Advanced  Medical  Systems,  Inc, a Nevada  corporation,  the
("Corporation"). American and the Corporation may be referred to in the singular
as  "Party"  and  collectively  as  "Parties".  On the date of  signing  by both
parties, this Agreement relates to the following facts:

The  Corporation  has  expressed  a desire  to enter  into this  Agreement  with
American for American to provide business  consulting services which will assist
the Corporation in its desire to become a "public" Corporation through a Private
Placement  (if   applicable)   and  an  SB-2  Offering  of  up  to  $10  million
("Offering").  The Private Placement will be for $ 5 million. American is in the
business of providing such services and will do so on behalf of the Corporation.
American will be responsible for collecting Due Diligence materials and drafting
the Private Placement Memorandum. American will also be responsible for drafting
the initial SB-2  Offering of up to $10 million.  The  Corporation  will pay all
legal and accounting costs as well as filing fees for any private placements (if
applicable), the initial SB-2 filing, and any required subsequent filings.

RECITALS:
---------

Representation by American.  American has represented  itself to the Corporation
as having the experience,  technical staff, business connections,  and expertise
in arranging such filings and it is upon such  representation the Corporation is
entering into this Agreement.

In  consideration  of the promises  hereinafter set forth,  the parties agree as
follows:

1.   PRELIMINARY SERVICES BY AMERICAN

     1.1. Duties of American and the  Corporation.  American and the Corporation
     agree to perform the following:

          1.1. American  agrees  to  prepare  all  documents  pertaining  to the
          Private   Placement  (if  applicable)  and  the  SB-2  draft  for  the
          Corporation  and  the  Corporation  agrees  to  cooperate  fully  with
          American in providing  such  financial,  business,  and other material

                                                                    American  B
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           3001 Redhill, Building 6, Suite 107, Costa Mesa, CA 92626
                      o (714) 556-3115 o FAX (714) 556-6180
                       http://www.allamericancapital.com
<PAGE>

          information about the Corporation, its products, services,  contracts,
          litigation,  patents,  trademarks, and such other matters which may be
          requested by American to include in the Private  Placement  Memorandum
          and/or  SB-2  filing.  The  Corporation  agrees it shall  have its own
          accountants  and  attorneys  review the PPM (if  applicable)  and SB-2
          document.

          1.1.2. It is understood  that all documents to be prepared by American
          shall be prepared to supply  information  to the  Securities  Exchange
          Commission ("SEC"), legal and accounting firms,  investors,  state and
          federal governments and other interested persons.

          1.1.3.  The  Corporation   agrees  to  supply  complete  and  accurate
          information to American in order that the Private Placement Memorandum
          (if applicable) and the SB-2 filing is true and correct in all aspects
          and  fully  complies  with all Full  Disclosure  Requirements  of both
          Federal and State  Regulatory  Agencies.  Should legal  proceedings be
          brought  against  American,  its agents  and/or  employees by State or
          Federal  Regulators or by any third party as a result of incomplete or
          inaccurate   information   disseminated   by  the   Corporation,   the
          Corporation  shall hold  American  harmless from any liability in this
          regard,  whatsoever,  and shall  defend and  indemnify  American,  its
          agents  and/or   employees  in  any   litigation   or   administration
          proceeding.

          1.1.4. In furtherance of the Corporation's obligations under paragraph
          1.1.1,  the Corporation  shall,  within thirty (30) business days from
          the date of this  Agreement,  supply to  American:  (i) all  documents
          requested in the Legal Due Diligence  Analysis  document form attached
          hereto; and (ii) copies of the Corporation's  financial statements for
          the last  three (3) years or from its  inception  date,  whichever  is
          less.

          1.1.5.  American  shall  provide  assistance  through its staff to the
          Corporation in  preparation of the financial  forecasts and will offer
          assistance on any letters of intent, acquisitions, mergers and private
          placement agreements.  The Corporation,  however, shall primarily rely
          on the advice of its own retained  attorneys  and  accountants  in all
          matters   relating  to  this   Agreement.   American   shall   provide
          business-consulting  services for one year following the effectiveness
          of the SB-2.

          1.1.6. American shall provide as needed the following services for the
          Corporation: Due Diligence, Private Placement documentation, Personnel
          assistance, Payroll administration assistance, investor introductions,
          draft SB-2,  preparation  of state  filings,  recommend  attorneys  if
          needed,  recommend accounting services,  office space if needed, phone
          service if needed,  enhancement  of Board or Advisory  Board  members,
          assist  in  training   of   personnel   of  all   levels,   assist  in
          incorporating,  arrange for printing, act as public relations arm, and
          other services as requested.

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<PAGE>

          1.1.7.  American  shall  provide  assistance  in  the  location  of an
          underwriter for a contemplated IP0 or secondary offering.  American is
          responsible  to  locate,  interview  and assist in the  direction  and
          decision on which  brokerage  house and  syndications  to be used. The
          Corporation  has the last right of  approval  as to which  underwriter
          will be selected.

     1.2. Payment for American's  Services.  The Corporation  shall pay American
     the sum of $100,000 as a fee for its business  consulting  services payable
     as follows: (1) On October 23, 1997, Corporation paid an initial payment to
     American  of twelve  thousand  five  hundred  dollars  ($12,500).  (2) Upon
     execution  of  this  Agreement,  the  Corporation  shall  pay  American  an
     additional non-accountable,  non-refundable payment of twelve thousand five
     hundred  dollars  ($12,500).  The next payment  toward the $100,000 will be
     $25,000  which will be paid upon the first  funds  sold,  from the  Private
     Placement Offering or upon termination of the Private Placement Offering by
     the  Corporation if it elects to cancel early.  The  Corporation  shall pay
     American  the  balance  of  the  $100,000  ($50,000)  in 12  equal  monthly
     installments commencing on the date of completion of the Public Offering.

          1.2.1  Due Diligence.  The Corporation agrees to cooperate  fully with
          American to provide all Due  Diligence  material  requested to support
          all assertions represented by the Corporation.  Should the Corporation
          fail to supply  American with the requested  Due  Diligence,  American
          reserves  the  right  to  terminate  services  to be  rendered  to the
          Corporation   and   will   be   entitled   to   retain   the   initial
          non-accountable, non-refundable paid to American by the Corporation.

     1.3. Expenses.  The  Corporation,  in  addition  to the  fee  described  in
     paragraph  1.2.  above,  shall  also pay to  American  all of its costs and
     expenses for travel,  hotel  accommodations,  meals and miscellaneous costs
     and expenses  incurred by American in performing the services  described in
     paragraph  1.1  above.  The  Corporation  shall  pay  additional  costs and
     expenses  over and above  the  expected  costs as  described  in  Exhibit 1
     (attached hereto and incorporated  herein by this reference) as they become
     due. For purposes of this  paragraph,  the costs and expenses of American's
     overhead and employees'  salaries or wages are not to be construed as costs
     and expenses. Costs and expenses are instead to be construed as the payment
     of any item or the incurring of a debt by American in  connection  with the
     performance of its services under  paragraph 1.1 above which are not normal
     monthly overhead,  labor or salary costs of American.  The Corporation will
     not be billed for trivial expenses (under $100). All paid expenses, if any,
     will  be  pre-approved  by  the  Corporation.  American  will  provide  the
     Corporation  with advanced  notice of any  mentioned  expenses and will not
     incur such expenses until receiving the Corporation's approval.

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<PAGE>

2.   FILING TO SEC

     2.1. Delivery of the SB-2 Filing.  American shall deliver the SB-2 draft it
     prepares   under   paragraph  1.1  of  this  Agreement  to  the  attorneys,
     accountants,  underwriters and SEC personnel as selected by American,  with
     approval by the Corporation.

     2.2. Exclusive  Decision-Maker.  The  Corporation  shall  be the  exclusive
     decision-maker  on whether to go forward  with the public  offering and the
     final terms thereof.  However, if the Corporation enters into any agreement
     for a public  offering within one (1) year from the date of this Agreement,
     the  Corporation  shall  be  obligated  to  pay  the  Payments,   Fees  and
     distribution  of  securities  described  in  paragraph  1.2.  and  all  its
     subparagraphs.

     2.3. Finder's  Fee to  American.  At the  time  of the  execution  of  this
     Agreement,  the  Corporation  shall transfer to American 4.9% of the common
     shares  of  the  Corporation  from  the  Corporation's   "founder's  stock"
     ("Founder's Stock") and an additional amount equaling the dilution from the
     IPO shall be rendered to American to maintain the 4.9% ownership  after the
     IPO.

          2.3.1.  This Fee shall be treated and construed  as a Finder's Fee for
          American's  services to the  Corporation  and will not be construed as
          any form of underwriter's compensation.

          2.3.2.  The Corporation  shall  refrain from engaging in any activity,
          scheme or plan to  circumvent,  prevent or refuse to pay this Finder's
          Fee directly to American.

3.   REPRESENTATIONS

     3.1. Representations  by  the  Corporation.   The  Corporation  represents,
     warrants and covenants the following:

          3.1.1. The Corporation will cooperate fully with American by supplying
          to American  fully  complete and accurate  information  to American so
          that American may perform its services under this Agreement.

          3.1.2. The  Corporation  will not  circumvent  this  Agreement  either
          directly or indirectly nor will it interfere  with,  impair,  delay or
          cause American to perform work not described in this Agreement.

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<PAGE>

          3.1.3.  The Corporation  and each of its subsidiaries is a corporation
          duly   organized  and  existing   under  the  laws  of  its  state  of
          incorporation  and is in good  standing with the  jurisdiction  of its
          incorporation in each state where it is required to be qualified to do
          business.

          3.1.4. In each state where the Corporation currently does business, it
          has fully complied with each state's Rules and Regulations  pertaining
          thereto.

          3.1.5.  The   Corporation's   Articles  of  Incorporation  and  Bylaws
          delivered pursuant to paragraph 1.1.4. are true and complete copies of
          same and have been duly adopted.

          3.1.6. The  Corporation  will disclose to American all material  facts
          and  circumstances  which may in any way affect the Private  Placement
          (if  applicable) and the SB-2 filing.  The Corporation  will be wholly
          responsible for the accuracy of the Private  Placement  Memorandum and
          the SB-2 filing and/or any other related or subsequent filings.

          3.1.7. The Corporation  will complete all  questionnaire  forms by the
          time required by American in full and complete detail.

          3.1.8. The Corporation represents to American that no person has acted
          as a finder or investment  adviser in connection with the transactions
          contemplated  in  this  Agreement.   The  Corporation  will  indemnify
          American  with respect to any claim for a Finder's  Fee in  connection
          with this  Agreement.  The  Corporation  represents  that no  officer,
          director or stockholder of the Corporation is a member of the National
          Association of Securities Dealers ("NASD"),  an employee or associated
          member of the NASD, or an employee, associated person or member of the
          NASD. The Corporation represents that it will disclose to American all
          potential  conflicts  of  interest  involving   officers,   directors,
          principal stockholders and/or employees forthwith.

          3.1.9.  The  Corporation  has  received  and  understands  the  letter
          entitled "Do's and Don'ts of Going Public" previously  supplied to the
          Corporation  by American.  A copy of "Do's and Don'ts of Going Public"
          is attached hereto and is fully incorporated into this Agreement.

          3.1.10.  The Corporation is bound by this Agreement to advise American
          of all letters of intent,  merger or  acquisition  documents  and such
          mergers or acquisitions  will not be completed until American has been
          made aware of and  assented  to these  documents  during and until the
          initial SB-2 filing.

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<PAGE>

          3.1.11. The shareholders of Corporation  shall place one individual on
          the Board of Directors of the  Corporation  as recommended by American
          for a minimum time period of one year.

     3.2. Representations by American.

          3.2.1.  American will devote its Best Efforts toward the completion of
          the  Private  Placement  (if  applicable)  and the  filing of the SB-2
          documentation for the Corporation's Public Offering as contemplated in
          this Agreement.

          3.2.2.  American  represents it is a  corporation  duly  organized and
          existing  under the laws of Wyoming and is in good  standing  with the
          jurisdiction of its  incorporation,  and all jurisdictions in which it
          does business.

          3.2.3.  American will disclose to the Corporation  all material  facts
          and  circumstances  which  may  affect  its  ability  to  perform  its
          undertaking herein.

          3.2.4.  American will  cooperate in a prompt and  professional  manner
          with the  Corporation,  its attorneys,  accountants  and agents in the
          performance of this Agreement.

          3.2.5.  American  is not a  broker  dealer  or  member  of  any  stock
          exchange.

4.   CONFIDENTIALITY

     American agrees that all information received from the Corporation shall be
     treated  as  confidential  information.   American  shall  not  share  such
     information  with any other  person or entity,  except the SEC,  attorneys,
     investors  and  accountants,  without  the express  written  consent of the
     Corporation.

     4.1. Non-Circumvention.  The  Corporation  agrees not to divulge  any named
     sources (lending institutions, investors, individuals etc.) which have been
     introduced  to it by  American.  Furthermore,  both  parties  agree  not to
     circumvent, either directly or indirectly, the relationships each party has
     with  their  respective  sources.   Furthermore,   this   non-circumvention
     agreement  will  stay in  force  for one (1)  year  from  the  date of this
     document.

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<PAGE>

5.   NOTICES

     Any notice from either  party to the other shall be deemed  received on the
     date such notice is  personally  delivered.  Any notice  sent by  facsimile
     transmission  shall be deemed received by the other party on the day it has
     been  transmitted.  Any  notice  sent by mail by either  party to the other
     shall be deemed  received on the seventh  (7th)  business  day after it has
     been  deposited at a United States Post Office.  For purposes of delivering
     or sending notice to the parties under this  Agreement,  such notices shall
     be delivered or sent as follows:

     5.1. Notice delivered to American:

          American Capital Financial Service
          3001 Red Hill Ave. Bldg. 6 Suite #107
          Costa Mesa CA 92626
          Telephone Number (714) 556-3115
          Facsimile Number (714) 556-6180

     5.2  Notice delivered to the Corporation:

          Advanced Medical Systems, Inc,
          2950 N. Glassell Street
          Orange, CA 92865
          Telephone Number (714) 283-5190
          Facsimile Number (714) 283-5191

6.   ENTIRE AGREEMENT

     Neither  party  has made any  representations  to the  other  which are not
     specifically  set  forth  in this  Agreement.  There  are no oral or  other
     agreements  between  the  parties  which  have been  entered  into prior or
     contemporaneously with the formation of this Agreement.  All oral promises,
     agreements, representations, statements and warranties hereinafter asserted
     by one party against the other, shall be deemed to have been waived by such
     party asserting they were made and this Agreement shall supersede all prior
     negotiations, statements,  representations,  warranties and agreements made
     or entered into between the parties to this Agreement.

7.   NO ASSIGNMENT OR DELEGATION

     Neither party may assign any benefit due or delegate performance under this
     Agreement without the express written consent of the other party.

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<PAGE>

8.   CONSTRUCTION AND JURISDICTION

     This Agreement shall be governed by the laws of the State of California. It
     shall  also be  construed  as if the  Parties  participated  equally in its
     negotiation and drafting.  The Agreement shall not be construed against one
     Party over another party.

9.   WAIVER

     The waiver,  either  express or implied,  by any Party to this Agreement of
     any  term  or  condition  of  this   Agreement,   shall  not  constitute  a
     relinquishment  by that Party of its right to enforce the term or condition
     at any later date unless this Agreement is amended in writing and signed by
     both Parties.

10.  SEVERABILITY

     If any provision of this Agreement or any subsequent  modifications  hereof
     are found to be  unenforceable  by a court of competent  jurisdiction,  the
     remaining provisions shall continue to remain in full force and effect.

11.  NO MODIFICATION

     No waiver, modification or amendment of any term, condition or provision of
     this  Agreement  shall be valid or have any force or effect  unless made in
     writing and signed by all parties to this Agreement.

12.  VOLUNTARY CONSENT

     In entering  into this  Agreement,  the parties  represent and warrant that
     they have done so freely and  voluntarily and by each one on his or her own
     accord without reliance on any inducement, promise or representation (a) by
     the other Party,  except as to those  matters which are expressly set forth
     in this Agreement or (b) by any other person.

13.  NO REPRESENTATION, WARRANTY OR GUARANTEE OF SUCCESS

     American  provides no  representation,  warranty or guarantee of success in
     the  consummation  of an SB-2  Offering or filing or of the "best  efforts"

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<PAGE>

     private placement, if applicable. American has not represented itself as an
     underwriter or Broker Dealer and makes no claim to be one.

14.  NO PARTNERSHIP

     This Agreement  shall not be construed as a joint  venture,  partnership or
     joint enterprise  between the Parties,  and neither Party shall be entitled
     to act as agent for the other Party except as set forth herein.

15.  AUTHORITY TO ENTER INTO AGREEMENT

     The  individuals  signing this Agreement below represent that they have the
     authority  to legally  bind the  Corporation  and American to the terms and
     conditions of this Agreement.  The  individuals  shall not,  however,  have
     personal liability by executing this Agreement and sign this Agreement only
     in  their   representative   capacities  as  authorized   officers  of  the
     Corporation and American, respectively.

     /s/ Philip Dave Thomas                              Dated: 5-4-00
     --------------------------------------                     ------
     Philip Dave Thomas, President & CEO
     American Financial Services, Inc

     /s/ Peter George                                    Dated: 5-4-00
     --------------------------------------                     ------
     Peter George, Chief Executive Officer
     Advanced Medical Systems, Inc.

     /s/ Nicholas George                                 Dated: 5-4-00
     --------------------------------------                     ------
     Nicholas George, President
     Advanced Medical Systems, Inc.

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                                        9Exhibit 10.1

                               JPMORGAN CHASE BANK
                               SILICON VALLEY BANK
                             NATIONAL BANK OF CANADA

                                                             June 27, 2002

Boundless Technologies, Inc.
Boundless Manufacturing Services, Inc.
Boundless Acquisition Corp.
Boundless Corporation
100 Marcus Boulevard
Hauppauge, New York 11788

      Re:   Second Amended and Restated Credit Agreement, dated as of May 25,
            2000, among Boundless Technologies, Inc. ("BTI"), Boundless
            Manufacturing Services, Inc. ("BMS"; with BTI, the "Co-Borrowers"),
            Boundless Acquisition Corp. ("BAC") and Boundless Corporation ("BC";
            with BAC and the Co-Borrowers, collectively, the "Credit Parties")
            and JPMorgan Chase Bank, Silicon Valley Bank and National Bank of
            Canada (collectively, the "Lenders") and JPMorgan Chase Bank, as
            administrative agent for the Lenders (in such capacity, the
            "Administrative Agent"), (as amended or supplemented from time to
            time, the "Credit Agreement")

Gentlemen:

      The Lenders hereby represent to the Credit Parties and The CIT
Group/Business Credit, Inc. ("CIT"), that the Lenders are the holders of the
Credit Agreement described above. The Lenders further represent to the Credit
Parties and CIT that, as of the date hereof, the total amount of outstanding
loans under the Credit Agreement and all other liabilities or indebtedness of
the Co-Borrowers to the Lenders under the Credit Agreement and the other loan or
collateral documents related thereto (collectively, the "Loan Documents"), is
$3,637,879.24 (collectively, the "Existing Obligations").

      The Lenders have agreed to release their liens and security interests in
the personal property of the Credit Parties and to terminate the Credit
Agreement and the other Loan Documents upon satisfaction of the following
conditions: (a) $2,950,000 of the Existing Obligations shall be refinanced and
the Credit Parties shall execute and deliver to the Lenders term notes, in form
and substance satisfactory to the Lenders, in the aggregate amount of
$2,9500,000 (the "Term Notes"), (b) the Credit Parties shall deliver to the
Administrative Agent, a Mortgage by BTI, as mortgagor, granting to JPMorgan
Chase Bank, as collateral agent for the Lenders, as mortgagee (the "Mortgage") a
second lien on the parcel of real property and improvements thereon known as 100
Marcus Boulevard, Hauppauge, New York (the "Premises") as collateral security
for $2,570,000 of the obligations of the Credit Parties under the Term Notes;
(c) the Credit Parties shall pay to the Administrative Agent the sum of
$250,000, for the ratable distribution to the Lenders (the "Payment"), such
Payment to be made to the Administrative Agent by way of wire

<PAGE>

transfer in immediately available funds directed as set forth below; (d) BC
shall deliver to the Lenders 750,000 shares of common stock of BC, substantially
on the terms described on Exhibit 1 hereto, and (e) the balance of the Existing
Obligations shall be satisfied by delivery by BC to the Lenders of redeemable,
1,250,000 of convertible preferred stock of BC, substantially on the terms
described on Exhibit 2 attached hereto. The wire transfer instructions are as
follows:

         Bank Name:           JPMorgan Chase Bank
         ABA Routing No.:     021000021
         Re:                  Account: 801-005477
         Re:                  Asset Based Misc.

      The Lenders hereby further represent and confirm to the Credit Parties and
CIT that, upon payment to the Administrative Agent on this date of the Payment,
in immediately available funds, in accordance with the preceding paragraph and
the execution and delivery by the Credit Parties of the Term Notes and the
Mortgage: (i) the Credit Parties will not be indebted to the Lenders for any
reason under the Credit Agreement or the other Loan Documents, except for those
obligations set forth in Section 14.03 of the Credit Agreement which survive the
termination thereof and except for obligations evidenced by the Term Notes and
the Mortgage; (ii) the Credit Agreement, and the other Loan Documents and all of
the Administrative Agent's security interests in, security titles to and other
liens on all real and personal property assets of Credit Parties, for the
benefit of the Lenders, will be automatically terminated and released, except
for the lien on the Premises as provided in the Mortgage; (iii) the
Administrative Agent will execute, at the Credit Party's or CIT's expense, any
and all releases and other lien release documents as the Credit Parties or CIT
may reasonably request in order to evidence or otherwise give public notice of
such collateral terminations and releases; and (iv) the Administrative Agent
agrees that any monies or other evidences of payment that is collected in
Lockbox Account No. 6281, on behalf of the Credit Parties, after receipt of the
Payment shall be remitted promptly to CIT by wire transfer as follows:

                  The Chase Manhattan Bank
                  4 New York Plaza
                  New York, New York 10004
                  ABA No.:      021000021
                  Credit:       The CIT Group/Business Credit, Inc.
                  Account No.   144024642
                  Re:           Boundless Corporation

      By signing below, the Credit Parties hereby agree to undertake to sell
certain machinery and equipment (the "Collateral") held at BMS's premises
located at 1377 Clint Moore Road, Boca Raton, Florida (the "Sale"), and to pay
to the Lenders $380,000 (the "Sale Payment"), in the aggregate, upon the closing
of the Sale, and in any event on or before September 27, 2002, in such amounts
described in the Term Notes, to reduce the outstanding principal amount owing to
each Lender under their respective Term Note. Failure to make such payment shall
constitute an event of default under the Notes.

<PAGE>

      In addition, by signing below, CIT hereby agrees that, notwithstanding any
of CIT's rights in and to the Collateral and the proceeds thereof or any other
rights of CIT with respect thereto, CIT shall not prohibit the Credit Parties
from making the Sale Payment to the Lenders upon the consummation of the Sale.
CIT agrees not to enforce any of its rights in and to such Collateral or
proceeds until the earlier to occur of (a) that date when the Sale Payment
proceeds shall have been distributed to the Lenders in connection with the Sale
and (b) September 27, 2002.

      The Lenders further acknowledge that the Credit Parties and CIT will rely
on this letter and the acknowledgments, certifications, confirmations and
agreements of the Lenders contained herein in connection with the financing to
be provided by CIT to the Credit Parties.

                                   Very truly yours,

                                   JPMORGAN CHASE BANK, as Administrative Agent
                                   and a Lender

                                   By: /s/ Richard H. Grabelsky
                                       ------------------------
                                   Name: Richard H. Grabelsky
                                   Title:   Vice President

                                   SILICON VALLEY BANK, as a Lender

                                   By: /s/ Diane LeMay
                                       ---------------
                                   Name: Diane LeMay
                                   Title:   Vice President

                                   NATIONAL BANK OF CANADA, as a Creditor
                                   By: PNC Bank, National Association,
                                       its-Attorney-in-Fact

                                       By: /s/ Wing Louie
                                           -------------
                                       Name:  Wing Louie
                                       Title: Vice President

Acknowledged and Agreed to by:

Boundless Technologies, Inc.
Boundless Manufacturing Services, Inc.
Boundless Acquisition Corp.
Boundless Corporation

By: /s/ Joseph Gardner
    ------------------
Joseph Gardner, the Vice President of
each of the foregoing Corporations

Agreed to by:

The CIT Group/Business Credit, Inc.

By:/s/ Debra Putzer
Name: Debra Putzer
Title:

<PAGE>

                                    EXHIBIT 1
                              BOUNDLESS CORPORATION
                              COMMON STOCK ISSUANCE

Offering:                  Issuance of Authorized and Unissued Common Stock

Registration Rights:        The company will file a registration statement with
                            the Securities and Exchange Commission not later
                            than 90 days from the date hereof with respect to
                            the registration of the common stock for resale
                            under the securities laws and will use its best
                            efforts to have such registration statement declared
                            effective by the Securities and Exchange Commission
                            as soon as possible thereafter.

Anti-Dilution Rights:       The common stock will have anti-dilution rights with
                            respect to issuances of stock for an amount less
                            than the fair market value of such stock on the date
                            hereof.

<PAGE>

                                    EXHIBIT 2
                              BOUNDLESS CORPORATION
                        PREFERRED STOCK TRADE SETTLEMENT

Offering:                  Issuance of Authorized and Unissued Preferred Stock

Security:                  Redeemable, Convertible Preferred Stock

Term:                      Mandatory Redemption 6/30/12

Common Stock               Preferred Stock will be convertible into common stock
                           at $3.00 per share.

Conversion:                The Preferred Stock is convertible commencing one
                           year after issuance.

Investors:                 Offering only available to "Accredited Investors".

Registration Rights: The common stock into which the Preferred Stock is
convertible will be registered for resale under the securities laws the earlier
of one year from issuance of the Preferred Stock, or 150 days after the closing
price of the common stock exceeds $1.50 a share for ten consecutive days.

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