Document:

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                                                                  EXHIBIT 4.10.2

     NEITHER THESE SECURITIES NOR THE SECURITIES INTO WHICH THESE SECURITIES MAY
     BE EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
     COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN
     EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED
     (THE "SECURITIES ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT
     PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR
     PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT
     TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE
     WITH APPLICABLE STATE SECURITIES LAWS.

                          COMMON STOCK PURCHASE WARRANT

No. XXX

                   To Purchase [xxx] Shares of Common Stock of

                           GLOBAL MAINTECH CORPORATION

     THIS CERTIFIES that, for value received, [Name] (the "Investor"), is
entitled, upon the terms and subject to the conditions hereinafter set forth, at
any time on or after the date hereof and on or prior to March 25, 2004 (the
"Termination Date") but not thereafter, to subscribe for and purchase from
GLOBAL MAINTECH CORPORATION, a Minnesota corporation (the "Company"), [number]
(xxx) shares of Common Stock (the "Warrant Shares"). The purchase price of one
share of Common Stock (the "Exercise Price") under this Warrant shall be $8.30
(which shall be equal to 110% of the closing bid price of the Common Stock on
the Principal Market, on the Trading Day immediately preceding the Subscription
Date, as defined in the Series C Convertible Preferred Stock Purchase Agreement
referenced below, as adjusted for the Company's reverse stock split). The
Exercise Price and the number of shares for which the Warrant is exercisable
shall be subject to adjustment as provided herein. This Warrant is being issued
pursuant to the Series D Convertible Preferred Stock Purchase Agreement dated
January 19, 2000 among the Company, the Investor and other entities not a party
to this Warrant (the "Series D Agreement"), in exchange of a warrant issued to
Investor in connection with the Series C Convertible Preferred Stock Purchase
Agreement dated March 25, 1999 (the "Series C Agreement") entered into between
the Company, the Investor and other entities not a party to such warrant (the
Series C Agreement and the Series D Agreement are referred to collectively
herein as the "Agreements"). In the event of any conflict between the terms of
this Warrant and the Agreements, the Series D Agreement shall control.

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

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

     3. Exercise of Warrant. Exercise of the purchase rights represented by this
Warrant may be made at any time or times, in whole or in part, before the close
of business on the Termination Date, or such earlier date on which this Warrant
may terminate as provided in paragraph 11 below, by the surrender of this
Warrant and the Subscription Form annexed hereto duly executed, to the office of
the Company (or such other office or agency of the Company as it may designate
by notice in writing to the registered holder hereof at the address of such
holder appearing on the books of the Company) and upon payment of the Exercise
Price of the shares thereby purchased; whereupon the holder of this Warrant
shall be entitled to receive a certificate for the number of shares of Common
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Stock so purchased. Certificates for shares purchased hereunder shall be
delivered to the holder hereof within three Business Days after the date on
which this Warrant shall have been exercised as aforesaid. Payment of the
Exercise Price of the shares may be by certified check or cashier's check or by
wire transfer (of same day funds) to the Company in an amount equal to the
Exercise Price multiplied by the number of shares being purchased.

     4. No Fractional Shares or Scrip. No fractional shares or scrip
representing fractional shares shall be issued upon the exercise of this
Warrant. In lieu of issuing fractional shares, the Company shall round up to the
nearest whole share the number of Warrant Shares due upon exercise of this
Warrant.

     5. Charges, Taxes and Expenses. Issuance of certificates for shares of
Common Stock upon the exercise of this Warrant shall be made without charge to
the holder hereof for any issue or transfer tax or other incidental expense in
respect of the issuance of such certificate, all of which taxes and expenses
shall be paid by the Company, and such certificates shall be issued in the name
of the holder of this Warrant or in such name or names as may be directed by the
holder of this Warrant; provided, however, that in the event certificates for
shares of Common Stock are to be issued in a name other than the name of the
holder of this Warrant, this Warrant when surrendered for exercise shall be
accompanied by the Assignment Form attached hereto duly executed by the holder
hereof; and provided further, that upon any transfer involved in the issuance or
delivery of any certificates for shares of Common Stock, the Company may
require, as a condition thereto, the payment of a sum sufficient to reimburse it
for any transfer tax incidental thereto.

     6. Closing of Books. The Company will at no time close its shareholder
books or records in any manner which interferes with the timely exercise of this
Warrant.

     7. No Rights as Shareholder until Exercise. This Warrant does not entitle
the holder hereof to any voting rights or other rights as a shareholder of the
Company prior to the exercise thereof. If, however, at the time of the surrender
of this Warrant and purchase the holder hereof shall be entitled to exercise
this Warrant, the shares so purchased shall be and be deemed to be issued to
such holder as the record owner of such shares as of the close of business on
the date on which this Warrant shall have been exercised.

     8. Assignment and Transfer of Warrant. This Warrant may be assigned by the
surrender of this Warrant and the Assignment Form annexed hereto duly executed
at the office of the Company (or such other office or agency of the Company as
it may designate by notice in writing to the registered holder hereof at the
address of such holder appearing on the books of the Company); provided,
however, that this Warrant may not be resold or otherwise transferred except (i)
in a transaction registered under the Securities Act, or (ii) in a transaction
pursuant to an exemption, if available, from such registration and whereby, if
requested by the Company, an opinion of counsel reasonably satisfactory to the
Company is obtained by the holder of this Warrant to the effect that the
transaction is so exempt.

     9. Loss, Theft, Destruction or Mutilation of Warrant. The Company
represents and warrants that upon receipt by the Company of evidence reasonably
satisfactory to it of the loss, theft, destruction or mutilation of any Warrant
or stock certificate, and in case of loss, theft or destruction, of indemnity or
security reasonably satisfactory to it, and upon reimbursement to the Company of
all reasonable expenses incidental thereto, and upon surrender and cancellation
of such Warrant or stock certificate, if mutilated, the Company will make and
deliver a new Warrant or stock certificate of like tenor and dated as of such
cancellation, in lieu of this Warrant or stock certificate.

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

     11. Effect of Certain Events. If at any time the Company proposes (i) to
sell or otherwise convey all or substantially all of its assets or (ii) to
effect a transaction (by merger or otherwise) in which more than 50% of the
voting power of the Company is disposed of (collectively, a "Sale or Merger
Transaction"), in which the consideration to be received by the Company or its
shareholders consists solely of cash, and in case the Company shall at any time
effect a Sale or Merger Transaction in which the consideration to be received by
the Company or its shareholders consists in part of consideration other than
cash, the holder of this Warrant shall have

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the right thereafter to purchase, by exercise of this Warrant and payment of the
aggregate Exercise Price in effect immediately prior to such action, the kind
and amount of shares and other securities and property which it would have owned
or have been entitled to receive after the happening of such transaction had
this Warrant been exercised immediately prior thereto.

     12. Adjustments of Exercise Price and Number of Warrant Shares. The number
and kind of securities purchasable upon the exercise of this Warrant and the
Exercise Price shall be subject to adjustment from time to time upon the
happening of any of the following.

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     In case the Company shall (i) declare or pay a dividend in shares of Common
Stock or make a distribution in shares of Common Stock to holders of its
outstanding Common Stock, (ii) subdivide its outstanding shares of Common Stock,
(iii) combine its outstanding shares of Common Stock into a smaller number of
shares of Common Stock, or (iv) issue any shares of its capital stock in a
reclassification of the Common Stock, the number of Warrant Shares purchasable
upon exercise of this Warrant immediately prior thereto shall be adjusted so
that the holder of this Warrant shall be entitled to receive the kind and number
of Warrant Shares or other securities of the Company which he would have owned
or have been entitled to receive had such Warrant been exercised in advance
thereof. An adjustment made pursuant to this paragraph shall become effective
immediately after the effective date of such event retroactive to the record
date, if any, for such event.

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

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

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

     16. 4.99% Limitation. The number of shares of Common Stock which may be
acquired by the Investor pursuant to the terms herein shall not exceed the
number of such shares which, when aggregated with all other shares of Common
Stock then owned by the Investor, would result in the Investor owning more than
4.99% of the then issued and outstanding Common Stock at any one time. The
preceding shall not interfere with the Investor's right to this Warrant over
time which in the aggregate totals more than 4.99% of the then outstanding
shares of Common Stock so long as the Investor does not own more than 4.99% of
the then outstanding Common Stock at any given time.

     17. Miscellaneous.

          (a) Issue Date; Choice of Law; Venue; Jurisdiction. The provisions of
     this Warrant shall be construed and shall be given effect in all respects
     as if it had been issued and delivered by the Company on the date hereof.
     This Warrant shall be binding upon any successors or assigns of the
     Company. This Warrant will be construed and enforced in accordance with and
     governed by the laws of the State of New York, except for matters arising
     under the Securities Act, without reference to principles of conflicts of
     law. The parties consent to the exclusive jurisdiction of the U.S. District
     Court sitting in the Southern District of the State of New York in
     connection with any dispute arising under this Warrant and hereby waives,
     to the maximum extent permitted by law, any objection, including any
     objection based on forum non conveniens, to the bringing of any such
     proceeding in such jurisdictions. Each party hereby agrees that if the
     other party to this Warrant obtains a judgment against it in such a
     proceeding, the party which obtained such judgment may enforce same by
     summary judgment in the courts of any country having jurisdiction over the
     party against whom such judgment was obtained, and each party hereby waives
     any defenses available to it under local law and agrees to the enforcement
     of such a judgment. Each party to

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     this Warrant irrevocably consents to the service of process in any such
     proceeding by the mailing of copies thereof by registered or certified
     mail, postage prepaid, to such party at its address set forth herein.
     Nothing herein shall affect the right of any party to serve process in any
     other manner permitted by law. Each party waives its right to a trial by
     jury.

          (b) Restrictions. The holder hereof acknowledges that the Warrant
     Shares acquired upon the exercise of this Warrant, if not registered (or if
     no exemption from registration exists), will have restrictions upon resale
     imposed by state and federal securities laws. Each certificate representing
     the Warrant Shares issued to the Holder upon exercise (if not registered or
     if no exemption from registration exists) will bear the following legend:

               "THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN
          REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE
          "SECURITIES ACT"), OR ANY OTHER APPLICABLE SECURITIES LAWS AND HAVE
          BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION
          REQUIREMENTS OF THE SECURITIES ACT AND SUCH OTHER SECURITIES LAWS.
          NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE
          REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED,
          HYPOTHECATED OR OTHERWISE DISPOSED OF, EXCEPT PURSUANT TO AN EFFECTIVE
          REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO A
          TRANSACTION THAT IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH
          REGISTRATION".

          (c) Modification and Waiver. This Warrant and any provisions hereof
     may be changed, waived, discharged or terminated only by an instrument in
     writing signed by the party against which enforcement of the same is
     sought.

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          (d) Notices. Any notice, request or other document required or
     permitted to be given or delivered to the holders hereof of the Company
     shall be delivered or shall be sent by certified or registered mail,
     postage prepaid, to each such holder at its address as shown on the books
     of the Company or to the Company at the address set forth in the Series D
     Agreement.

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

Dated:  January 19, 2000

                                       GLOBAL MAINTECH CORPORATION

                                       By:
                                           -------------------------------------
                                           Name:  James Geiser
                                           Title: Chief Financial Officer
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                               NOTICE OF EXERCISE
                               ------------------

To:      GLOBAL MAINTECH CORPORATION

(1) The undersigned hereby elects to purchase ________ shares of Common Stock of
GLOBAL MAINTECH CORPORATION pursuant to the terms of the attached Warrant, and
tenders herewith payment of the purchase price in full, together with all
applicable transfer taxes, if any.

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

                           -------------------------------
                           (Name)

                           -------------------------------
                           (Address)

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

Dated:

------------------------------
Signature
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                                 ASSIGNMENT FORM

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

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

_______________________________________________________________________.

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

                                                     Dated:  ______________,

                     Holder's Signature:       _____________________________

                     Holder's Address: _____________________________

                                               _____________________________

Signature Guaranteed: ____________________________________

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

                                       2<PAGE>

                                                                  EXHIBIT 4.12.1

                                                                        ANNEX IV
                                                                              TO
                                                             SECURITIES PURCHASE
                                                                       AGREEMENT

                          REGISTRATION RIGHTS AGREEMENT

     THIS REGISTRATION RIGHTS AGREEMENT, dated as of December 30th, 1999 (this
"Agreement"), is made by and between Global MAINTECH Corp., a Minnesota
corporation (the "Company"), and the each entity named on the signature page
hereto (individually referred to as the "Initial Investor" and collectively
referred to as the "Initial Investors").

                              W I T N E S S E T H:

     WHEREAS, upon the terms and subject to the conditions of the Securities
Purchase Agreement, dated as of December 30, 1999, between the Initial Investors
and the Company (the "Securities Purchase Agreement"; capitalized terms not
otherwise defined herein shall have the meanings ascribed to them in the
Securities Purchase Agreement), the Company has agreed to issue and sell to the
Initial Investors an aggregate of up to 2,500 shares of Series E Cumulative
Convertible Redeemable Preferred Stock, no par value, $1,000 stated value (the
"Preferred Stock," which term, as used herein shall have the meaning ascribed to
it in the Securities Purchase Agreement); and

     WHEREAS, the Company has agreed to issue the Warrants to the Initial
Investors in connection with the issuance of the Preferred Stock; and

     WHEREAS, the Preferred Stock is convertible into shares of Common Stock
(the "Conversion Shares") upon the terms and subject to the conditions contained
in the Certificate of Designation; and

     WHEREAS, the Warrants to be issued to the Initial Investors may be
exercised for the purchase of shares of Common Stock (the "Warrant Shares") upon
the terms and conditions of the Warrants; and

     WHEREAS, to induce the Initial Investors to execute and deliver the
Securities Purchase Agreement, the Company has agreed to provide certain
registration rights under the Securities Act of 1933, as amended, and the rules
and regulations thereunder, or any similar successor statute (collectively, the
"Securities Act"), with respect to the Conversion Shares and the Warrant Shares;

     NOW, THEREFORE, in consideration of the premises and the mutual covenants
contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and the Initial
Investor hereby agree as follows:

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     1. Definitions. As used in this Agreement, the following terms shall have
the following meanings:

          (a) "Investors" means the Initial Investors and any permitted
     transferee or assignee who agrees to become bound by the provisions of this
     Agreement in accordance with Section 9 hereof.

          (b) "Potential Material Event" means any of the following: (i) the
     possession by the Company of material information not ripe for disclosure
     in a registration statement, which shall be evidenced by determinations in
     good faith by the Board of Directors of the Company that disclosure of such
     information in the registration statement would be detrimental to the
     business and affairs of the Company; or (ii) any material engagement or
     activity by the Company which would, in the good faith determination of the
     Board of Directors of the Company, be adversely affected by disclosure in a
     registration statement at such time, which determination shall be
     accompanied by a good faith determination by the Board of Directors of the
     Company that the registration statement would be materially misleading
     absent the inclusion of such information.

          (c) "Register," "Registered," and "Registration" refer to a
     registration effected by preparing and filing a Registration Statement or
     Statements in compliance with the Securities Act and pursuant to Rule 415
     under the Securities Act or any successor rule providing for offering
     securities on a continuous basis ("Rule 415"), and the declaration or
     ordering of effectiveness of such Registration Statement by the United
     States Securities and Exchange Commission (the "SEC").

          (d) "Registrable Securities" means the Conversion Shares and the
     Warrant Shares.

          (e) "Registration Statement" means a registration statement of the
     Company under the Securities Act.

     2. Registration.

          (a) Mandatory Registration. The Company shall prepare and file with
     the SEC, as soon as possible after the Closing Date, but no later than
     thirty (30) days following the Closing Date, a Registration Statement on
     Form SB-2, registering for resale by the Investors all of the Registrable
     Securities, but in no event less than two hundred percent (200%) of the
     aggregate number of shares into (i) which the Preferred Stock would be
     convertible at the time of filing of the Registration Statement (assuming
     for such purposes that all shares of Preferred Stock had been eligible to
     be converted, and had been converted, into Conversion Shares in accordance
     with their terms, whether or not such eligibility or conversion had in fact
     occurred as of such date), and (ii) which would be issued upon exercise of
     all of the Warrants at the time of filing of the Registration Statement
     (assuming for such purposes that all such Warrants had been eligible to be
     exercised and had been exercised in accordance with their terms, whether or
     not such eligibility or exercise had in fact occurred as of such date). The
     Registration Statement shall also state that, in accordance with Rule 416
     and 457 under the Securities Act, it also covers such indeterminate number
     of additional

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     shares of Common Stock as may become issuable upon conversion of the
     Preferred Stock and the exercise of the Warrants (and the Existing
     Warrants) to prevent dilution resulting from stock splits, or stock
     dividends. The Company will use its best efforts to cause the Registration
     Statement to be declared effective no later than one hundred twenty days
     (120) days after the Closing Date. If at any time the number of shares of
     Common Stock into which the Preferred Stock may be converted and which
     would be issued upon exercise of the Warrants equals more than seventy five
     percent (75%) of the aggregate number of shares of Common Stock then
     registered, the Company shall, within ten (10) business days after receipt
     of a written notice from any Investor, either (i) further amend the
     Registration Statement filed by the Company pursuant to the preceding
     sentence, if such Registration Statement has not been declared effective by
     the SEC at that time, to register 200% of the aggregate of all shares of
     Common Stock into which the Preferred Stock may then or in the future be
     converted and which would be issued currently or in the future upon
     exercise of the Warrants, or (ii) if such Registration Statement has been
     declared effective by the SEC at that time, file with the SEC an additional
     Registration Statement on Form SB-2, as may be appropriate, to register (A)
     200% of the aggregate shares of Common Stock into which the unconverted
     Preferred Stock may then or in the future be converted and which would be
     issued currently or in the future upon exercise of the unexercised
     Warrants, less (B) the aggregate number of shares of Common Stock already
     registered which have not been issued upon conversions of Preferred Stock
     or the exercise of Warrants. The Registration Statement shall not include
     any shares other than the Registrable Securities, and certain other shares
     that the Company is obligated to Register as set forth in Schedule 5(b),
     without the consent of the Investors.

          (b) Payments by the Company.

               (i) If the Registration Statement covering the Registrable
          Securities is not filed with the SEC on or before thirty (30) days
          after the Closing Date (the "Required Filing Date"), then the Company
          shall pay each Investor a late filing penalty (collectively "Late
          Filing Penalties"), (i) on the first day after the Required Filing
          Date, an amount equal to two percent (2%) of the purchase price paid
          pursuant to the Securities Purchase Agreement (the "Purchase Price")
          for the Preferred Stock then held by each such Investor on such date,
          and (ii) on each subsequent monthly anniversary of the Required Filing
          Date, if the Registration Statement has not been filed in proper form
          on or before such date, an amount equal to three percent (3%) of the
          Purchase Price for the Preferred Stock held by each such Investor on
          each such subsequent monthly anniversary date.

               (ii) If the Registration Statement covering the Registrable
          Securities is not effective within the earlier of (a) five (5) days
          after notice by the SEC that it may be declared effective (including
          the issuance by the SEC of a "no review letter"), or (b) one hundred
          twenty (120) days following the Closing Date (the "Required Effective
          Date"), then the Company shall pay each Investor a late effective date
          penalty (collectively "Late Effective Date Penalties")(sometimes Late
          Filing Penalties and Late Effective Penalties are collectively
          referred to as "Late Penalties"), (i) on the first day after the
          Required Effective Date, an amount equal to three percent (2%) of the
          Purchase Price for the Preferred Stock then held by each such Investor
          on such date and (ii) on each subsequent monthly anniversary of the
          Required Effective Date, if the Registration Statement has not been
          declared effective on or before such date, an amount equal to three
          percent (3%) of the

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          Purchase Price for the Preferred Stock held by each such Investor on
          each such subsequent monthly anniversary date.

               (iii) By way of illustration and not in limitation of the
          foregoing, assuming a Closing Date of February 3, 2000 (X) if the
          Registration Statement is timely filed but is not declared effective
          until July 15, 2000 (assuming for the purpose of this example that the
          SEC has not previously provided notice that it may be declared
          effective), the aggregate Late Effective Date Penalty will equal 5%
          percent of the Purchase Price (2% on June 4, the 120th day after the
          Closing Date, plus 3% on July 2) or (Y) if the Registration is filed
          on April 9 and is not declared effective until June 15, 2000 (assuming
          for the purpose of this example that the SEC has not previously
          provided notice that it may be declared effective), the aggregate Late
          Filing Penalty will equal 8% of the Purchase Price (2% on March 5, the
          30th day after the Closing Date, plus 3% on April 4 and May 4) and the
          aggregate Late Effective Date Penalty will equal 2% percent of the
          Purchase Price (2% on June 4, the 120th day after the Closing Date).

               (iv) Additionally, if the Registration Statement is not filed
          within sixty (60) days from the Closing Date, each Investor may, at
          its option, require the Company to redeem the Preferred Shares in
          full, within three (3) days, in cash, in accordance with Section 6(b)
          of the Certificate of Designation.

               (v) Late Penalties will be payable to the Investor by the Company
          in cash or other immediately available funds on the date such Late
          Penalty is incurred.

               (vi) The parties acknowledge that the damages which may be
          incurred by the Investors if the Registration Statement is not filed
          by the Required Filing Date or if the Registration Statement has not
          been declared effective by the Required Registration Date may be
          difficult to ascertain. The parties agree that the Late Penalties
          represent a reasonable estimate on the part of the parties, as of the
          date of this Agreement, of the amount of such damages. The payment of
          the Late Penalties to the Investors shall not limit the Investors'
          other rights and remedies hereunder or under any other document
          entered into in connection herewith.

               (vii) Notwithstanding the foregoing, the amounts payable by the
          Company pursuant to this provision shall not be payable to the extent
          any delay in the effectiveness of the Registration Statement occurs
          because of an act of, or a failure to act or to act timely by the
          Investors or their counsel if the Company timely forwards to counsel
          any required documents or in the event all of the Registrable
          Securities may be sold pursuant to Rule 144 or another available
          exemption under the Act.

     3. Obligations of the Company. In connection with the registration of the
Registrable Securities, the Company shall do each of the following.

          (a) Prepare promptly, and file with the SEC by the Required Filing
     Date, the Registration Statement with respect to not less than the number
     of Registrable Securities provided in Section 2(a) above, and thereafter
     use its reasonable best efforts to cause each Registration Statement

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     relating to Registrable Securities to become effective by the Required
     Effective Date and keep the Registration Statement effective at all times
     until the earliest (the "Registration Period") of (i) the date that is two
     (2) years after the Closing Date, (ii) the date when the Investors may sell
     all Registrable Securities under Rule 144 or (iii) the date the Investors
     no longer own any of the Registrable Securities, which Registration
     Statement (including any amendments or supplements thereto and prospectuses
     contained therein) shall not contain any untrue statement of a material
     fact or omit to state a material fact required to be stated therein or
     necessary to make the statements therein, in light of the circumstances in
     which they were made, not misleading;

          (b) Prepare and file with the SEC such amendments (including
     post-effective amendments) and supplements to the Registration Statement
     and the prospectus used in connection with the Registration Statement as
     may be necessary to keep the Registration effective at all times during the
     Registration Period, and, during the Registration Period, comply with the
     provisions of the Securities Act with respect to the disposition of all
     Registrable Securities of the Company covered by the Registration Statement
     until such time as all of such Registrable Securities have been disposed of
     in accordance with the intended methods of disposition by the seller or
     sellers thereof as set forth in the Registration Statement;

          (c) The Company shall permit a single firm or counsel designated by
     the Investors to review the Registration Statement and all amendments and
     supplements thereto a reasonable period of time (but not less than three
     (3) business days) prior to their filing with the SEC, and not file any
     document in a form to which such counsel reasonably objects.

          (d) Notify the Investors, their counsel and managing underwriters, if
     any, immediately (and, in the case of (i)(A) below, not less than five (5)
     days prior to such filing) and (if requested by any such Person) confirm
     such notice in writing no later than one (1) Business Day following the day
     (i)(A) when a Prospectus or any Prospectus supplement or post-effective
     amendment to the Registration Statement is proposed to be filed; (B)
     whenever the Commission notifies the Company whether there will be a
     "review" of such Registration Statement; (C) whenever the Company receives
     (or representatives of the Company receive on its behalf) any oral or
     written comments from the Commission in respect of a Registration Statement
     (copies or, in the case of oral comments, summaries of such comments shall
     be promptly furnished by the Company to the Investors); and (D) with
     respect to the Registration Statement or any post-effective amendment, when
     the same has become effective; (ii) of any request by the Commission or any
     other Federal or state governmental authority for amendments or supplements
     to the Registration Statement or Prospectus or for additional information;
     (iii) of the issuance by the Commission of any stop order suspending the
     effectiveness of the Registration Statement covering any or all of the
     Registrable Securities or the initiation of any Proceedings for that
     purpose; (iv) if at any time any of the representations or warranties of
     the Company contained in any agreement (including any underwriting
     agreement) contemplated hereby ceases to be true and correct in all
     material respects; (v) of the receipt by the Company of any notification
     with respect to the suspension of the qualification or exemption from
     qualification of any of the Registrable Securities for sale in any
     jurisdiction, or the initiation or threatening of any Proceeding for such
     purpose; and (vi) of the occurrence of any event that to the best knowledge
     of the Company makes any statement made in the

                                       5
<PAGE>

     Registration Statement or Prospectus or any document incorporated or deemed
     to be incorporated therein by reference untrue in any material respect or
     that requires any revisions to the Registration Statement, Prospectus or
     other documents so that, in the case of the Registration Statement or the
     Prospectus, as the case may be, it will not 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. In addition, the
     Company shall furnish the Investors with copies of all intended written
     responses to the comments contemplated in clause (C) of this Section 3(d)
     not later than one (1) Business Day in advance of the filing of such
     responses with the Commission so that the Investors shall have the
     opportunity to comment thereon.

          (e) Furnish to each Investor whose Registrable Securities are included
     in the Registration Statement and its legal counsel identified to the
     Company, (i) promptly after the same is prepared and publicly distributed,
     filed with the SEC, or received by the Company, one (1) copy of the
     Registration Statement, each preliminary prospectus and prospectus, and
     each amendment or supplement thereto, and (ii) such number of copies of a
     prospectus, and all amendments and supplements thereto and such other
     documents, as such Investor may reasonably request in order to facilitate
     the disposition of the Registrable Securities owned by such Investor;

          (f) As promptly as practicable after becoming aware of such event,
     notify each Investor of the happening of any event of which the Company has
     knowledge, as a result of which the prospectus included in the Registration
     Statement, as then in effect, includes an untrue statement of a material
     fact or omits to state a 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, and use its best efforts
     promptly to prepare a supplement or amendment to the Registration Statement
     or other appropriate filing with the SEC to correct such untrue statement
     or omission, and deliver a number of copies of such supplement or amendment
     to each Investor as such Investor may reasonably request;

          (g) As promptly as practicable after becoming aware of such event,
     notify each Investor who holds Registrable Securities being sold (or, in
     the event of an underwritten offering, the managing underwriters) of the
     issuance by the SEC of a Notice of Effectiveness or any notice of
     effectiveness or any stop order or other suspension of the effectiveness of
     the Registration Statement at the earliest possible time;

          (h) Notwithstanding the foregoing, if at any time or from time to time
     after the date of effectiveness of the Registration Statement, the Company
     notifies the Investors in writing of the existence of a Potential Material
     Event, the Investors shall not offer or sell any Registrable Securities, or
     engage in any other transaction involving or relating to the Registrable
     Securities, from the time of the giving of notice with respect to a
     Potential Material Event until such Investor receives written notice from
     the Company that such Potential Material Event either has been disclosed to
     the public or no longer constitutes a Potential Material Event; provided,
     however, that the Company may not so suspend the right to such holders of
     Registrable Securities for more than two twenty (20) day periods in the
     aggregate during any 12-month period ("Suspension Period") with at least a
     ten (10)

                                       6
<PAGE>

     business day interval between such periods, during the periods the
     Registration Statement is required to be in effect;

          (i) Use its reasonable efforts to secure or maintain, as applicable,
     NASDAQ/OTC Bulletin Board authorization and quotation for such Registrable
     Securities and, without limiting the generality of the foregoing, to
     arrange for at least two market makers to register with the National
     Association of Securities Dealers, Inc. ("NASD") as such with respect to
     such Registrable Securities;

          (j) Provide a transfer agent and registrar, which may be a single
     entity, for the Registrable Securities not later than the effective date of
     the Registration Statement;

          (k) Cooperate with the Investors who hold Registrable Securities (or,
     subject to receipt by the Company of appropriate notice and documentation,
     as may be required by the Securities Purchase Agreement, the Certificate of
     Designations, the Warrants or this Agreement, securities convertible into
     Registrable Securities) being offered to facilitate the timely preparation
     and delivery of certificates for the Registrable Securities to be offered
     pursuant to the Registration Statement and enable such certificates for the
     Registrable Securities to be in such denominations or amounts as the case
     may be, as the Investors may reasonably request, and, within five (5)
     business days after a Registration Statement which includes Registrable
     Securities is ordered effective by the SEC, the Company shall deliver, and
     shall cause legal counsel selected by the Company to deliver, to the
     transfer agent for the Registrable Securities (with copies to the Investors
     whose Registrable Securities or securities convertible into Registrable
     Securities are included in such Registration Statement) an appropriate
     instruction and opinion of such counsel; provided, however, that nothing in
     this subparagraph (j) shall be deemed to waive any of the provisions
     regarding the conditions or method of conversion of Preferred Stock or
     exercise of Warrants into Registrable Securities; and

          (l) Take all other reasonable actions necessary to expedite and
     facilitate disposition by the Investor of the Registrable Securities
     pursuant to the Registration Statement.

     4. Obligations of the Investors. In connection with the registration of the
Registrable Securities, each Investor shall have the following obligations:

          (a) As a condition precedent to the obligations of the Company to
     complete the registration pursuant to this Agreement with respect to the
     Registrable Securities of a particular Investor, such Investor shall
     furnish to the Company such information regarding itself, the Registrable
     Securities held by it, and the intended method of disposition of the
     Registrable Securities held by it, as shall be reasonably required to
     effect the registration of such Registrable Securities and shall execute
     such documents in connection with such registration as the Company may
     reasonably request. At least five (5) days prior to the first anticipated
     filing date of the Registration Statement, the Company shall notify each
     Investor of the information the Company requires from each such Investor
     (the "Requested Information") if such Investor elects to have any of such
     Investor's Registrable Securities included in the Registration Statement.
     If at least two (2) business days prior to the filing date the Company has
     not received the Requested Information from an Investor (a "Non-

                                       7
<PAGE>

     Responsive Investor"), then the Company may file the Registration Statement
     without including Registrable Securities of such Non-Responsive Investor;

          (b) To cooperate with the Company as reasonably requested by the
     Company in connection with the preparation and filing of the Registration
     Statement hereunder, unless such Investor has notified the Company in
     writing of such Investor's election to exclude all of such Investor's
     Registrable Securities from the Registration Statement; and

          (c) Upon receipt of any notice from the Company of the happening of
     any event of the kind described in Section 3(e) or 3(f), above, such
     Investor shall immediately discontinue disposition of Registrable
     Securities pursuant to the Registration Statement covering such Registrable
     Securities until such Investor's receipt of the copies of the supplemented
     or amended prospectus contemplated by Section 3(e) or 3(f) and, if so
     directed by the Company, such Investor shall deliver to the Company (at the
     expense of the Company) or destroy (and deliver to the Company a
     certificate of destruction) all copies in such Investor's possession, of
     the prospectus covering such Registrable Securities current at the time of
     receipt of such notice.

     5. Expenses of Registration. (a) All reasonable expenses (other than
underwriting discounts and commissions of each Investor and legal fees of
counsel to each Investor) incurred in connection with registrations, filings or
qualifications pursuant to Section 3, including, without limitation, all
registration, listing, and qualifications fees, printers and accounting fees,
the fees and disbursements of counsel for the Company, and a fee for a single
counsel for the Investors not exceeding $3,500, shall be borne by the Company.

          (b) Except as and to the extent specifically set forth in Schedule
     5(b) attached hereto, neither the Company nor any of its subsidiaries has,
     as of the date hereof, nor shall the Company nor any of its subsidiaries,
     on or after the date of this Agreement, enter into any agreement with
     respect to its securities that is inconsistent with the rights granted to
     the Investors herein or otherwise conflicts with the provisions hereof.
     Except as and to the extent specifically set forth in Schedule 5(b)
     attached hereto, neither the Company nor any of its subsidiaries has
     previously entered into any agreement granting any registration rights with
     respect to any of its securities to any person or entity. Without limiting
     the generality of the foregoing, without the written consent of the
     Investors of a majority of the then outstanding Registrable Securities, the
     Company shall not grant to any person the right to request the Company to
     register any securities of the Company under the Securities Act unless the
     rights so granted are subject in all respects to the prior rights in full
     of the Investors set forth herein, and are not otherwise in conflict or
     inconsistent with the provisions of this Agreement.

     6. Indemnification. In the event any Registrable Securities are included in
a Registration Statement under this Agreement:

          (a) To the extent permitted by law, the Company will indemnify and
     hold harmless each Investor who holds such Registrable Securities, the
     directors, if any, of such Investor, the officers, if any, of such
     Investor, each person, if any, who controls any Investor within the

                                       8
<PAGE>

     meaning of the Securities Act or the Securities Exchange Act of 1934, as
     amended (the "Exchange Act") (each, an "Indemnified Person" or "Indemnified
     Party"), against any losses, claims, damages, liabilities or expenses
     (joint or several) incurred (collectively, "Claims") to which any of them
     may become subject under the Securities Act, the Exchange Act or otherwise,
     insofar as such Claims (or actions or proceedings, whether commenced or
     threatened, in respect thereof) arise out of or are based upon any of the
     following statements, omissions or violations in the Registration
     Statement, or any post-effective amendment thereof, or any prospectus
     included therein: (i) any untrue statement or alleged untrue statement of a
     material fact contained in the Registration Statement or any post-effective
     amendment thereof or the omission or alleged omission to state therein a
     material fact required to be stated therein or necessary to make the
     statements therein not misleading, (ii) any untrue statement or alleged
     untrue statement of a material fact contained in the final prospectus (as
     amended or supplemented, if the Company files any amendment thereof or
     supplement thereto with the SEC) or the omission or alleged omission to
     state therein any material fact necessary to make the statements made
     therein, in light of the circumstances under which the statements therein
     were made, not misleading or (iii) any violation or alleged violation by
     the Company of the Securities Act, the Exchange Act, any state securities
     law or any rule or regulation under the Securities Act, the Exchange Act or
     any state securities law (the matters in the foregoing clauses (i) through
     (iii) being, collectively, "Violations"). Subject to clause (b) of this
     Section 6, the Company shall reimburse the Investors, promptly as such
     expenses are incurred and are due and payable, for any legal fees or other
     reasonable expenses incurred by them in connection with investigating or
     defending any such Claim. Notwithstanding anything to the contrary
     contained herein, the indemnification agreement contained in this Section
     6(a) shall not (I) apply to a Claim arising out of or based upon a
     Violation which occurs in reliance upon and in conformity with information
     furnished in writing to the Company by or on behalf of any Indemnified
     Person expressly for use in connection with the preparation of the
     Registration Statement or any such amendment thereof or supplement thereto,
     if such prospectus was timely made available by the Company pursuant to
     Section 3(c) hereof; (II) be available to the extent such Claim is based on
     a failure of the Investor to deliver or cause to be delivered the
     prospectus made available by the Company; or (III) apply to amounts paid in
     settlement of any Claim if such settlement is effected without the prior
     written consent of the Company, which consent shall not be unreasonably
     withheld. Each Investor will indemnify the Company and its officers,
     directors and agents against any claims arising out of or based upon a
     Violation which occurs in reliance upon and in conformity with information
     furnished in writing to the Company, by or on behalf of such Investor,
     expressly for use in connection with the preparation of the Registration
     Statement, subject to such limitations and conditions as are applicable to
     the Indemnification provided by the Company to this Section 6. Such
     indemnity shall remain in full force and effect regardless of any
     investigation made by or on behalf of the Indemnified Person and shall
     survive the transfer of the Registrable Securities by the Investors
     pursuant to Section 9.

          (b) Promptly after receipt by an Indemnified Person or Indemnified
     Party under this Section 6 of notice of the commencement of any action
     (including any governmental action), such Indemnified Person or Indemnified
     Party shall, if a Claim in respect thereof is to be made against any
     indemnifying party under this Section 6, deliver to the indemnifying party
     a written notice of the commencement thereof and the indemnifying party
     shall have the right to participate in, and, to the extent the indemnifying
     party so desires, jointly with any other indemnifying party

                                       9
<PAGE>

     similarly noticed, to assume control of the defense thereof with counsel
     mutually satisfactory to the indemnifying party and the Indemnified Person
     or the Indemnified Party, as the case may be. In case any such action is
     brought against any Indemnified Person or Indemnified Party, and it
     notifies the indemnifying party of the commencement thereof, the
     indemnifying party will be entitled to participate in, and, to the extent
     that it may wish, jointly with any other indemnifying party similarly
     notified, assume the defense thereof, subject to the provisions herein
     stated and after notice from the indemnifying party to such Indemnified
     Person or Indemnified Party of its election so to assume the defense
     thereof, the indemnifying party will not be liable to such Indemnified
     Person or Indemnified Party under this Section 6 for any reasonable legal
     or other reasonable out-of-pocket expenses subsequently incurred by such
     Indemnified Person or Indemnified Party in connection with the defense
     thereof other than reasonable costs of investigation, unless the
     indemnifying party shall not pursue the action of its final conclusion. The
     Indemnified Person or Indemnified Party shall have the right to employ
     separate counsel in any such action and to participate in the defense
     thereof, but the fees and reasonable out-of-pocket expenses of such counsel
     shall not be at the expense of the indemnifying party if the indemnifying
     party has assumed the defense of the action with counsel reasonably
     satisfactory to the Indemnified Person or Indemnified Party. The failure to
     deliver written notice to the indemnifying party within a reasonable time
     of the commencement of any such action shall not relieve such indemnifying
     party of any liability to the Indemnified Person or Indemnified Party under
     this Section 6, except to the extent that the indemnifying party is
     prejudiced in its ability to defend such action. The indemnification
     required by this Section 6 shall be made by periodic payments of the amount
     thereof during the course of the investigation or defense, as such expense,
     loss, damage or liability is incurred and is due and payable.

     7. Contribution. To the extent any indemnification by an indemnifying party
is prohibited or limited by law, the indemnifying party agrees to make the
maximum contribution with respect to any amounts for which it would otherwise be
liable under Section 6 to the fullest extent permitted by law; provided,
however, that (a) no contribution shall be made under circumstances where the
maker would not have been liable for indemnification under the fault standards
set forth in Section 6; (b) no seller of Registrable Securities guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any seller of Registrable
Securities who was not guilty of such fraudulent misrepresentation; and (c)
contribution by any seller of Registrable Securities shall be limited in amount
to the net amount of proceeds received by such seller from the sale of such
Registrable Securities.

     8. Reports under Exchange Act. With a view to making available to the
Investors the benefits of Rule 144 promulgated under the Securities Act or any
other similar rule or regulation of the SEC that may at any time permit the
Investors to sell securities of the Company to the public without registration
("Rule 144"), the Company agrees to:

          (a) make and keep public information available, as those terms are
     understood and defined in Rule 144;

          (b) use its best efforts to file with the SEC in a timely manner all
     reports and other documents required of the Company under the Securities
     Act and the Exchange Act; and

                                       10
<PAGE>

          (c) furnish to each Investor so long as such Investor owns Registrable
     Securities, promptly upon request, (i) a written statement by the Company
     that it has complied with the reporting requirements of Rule 144, the
     Securities Act and the Exchange Act, (ii) a copy of the most recent annual
     or quarterly report of the Company and such other reports and documents so
     filed by the Company and (iii) such other information as may be reasonably
     requested to permit the Investors to sell such securities pursuant to Rule
     144 without registration.

     9. Assignment of the Registration Rights. The rights to have the Company
register Registrable Securities pursuant to this Agreement shall be
automatically assigned by an Investor to any transferee of the Registrable
Securities (or all or any portion of any Preferred Stock of the Company which is
convertible into such securities) permitted or allowable by the terms of the
Securities Purchase Agreement only if: (a) such Investor agrees in writing with
the transferee or assignee to assign such rights, and a copy of such agreement
is furnished to the Company within a reasonable time after such assignment, (b)
the Company is, within a reasonable time after such transfer or assignment,
furnished with written notice of (i) the name and address of such transferee or
assignee and (ii) the securities with respect to which such registration rights
are being transferred or assigned, (c) immediately following such transfer or
assignment the further disposition of such securities by the transferee or
assignee is restricted under the Securities Act and applicable state securities
laws, and (d) at or before the time the Company received the written notice
contemplated by clause (b) of this sentence the transferee or assignee agrees in
writing with or in favor of the Company to be bound by all of the provisions
contained herein, a copy of which shall be provided to the Company. The copies
referred to in clauses (a) and (d) of the immediately preceding sentence may be
redacted to delete certain financial and other details of the transaction
between the Investor and its transferee if the same is included in the document
to be provided to the Company. In the event of any delay in filing or
effectiveness of the Registration Statement as a result of such assignment, the
Company shall not be liable for any damages arising from such delay, or the
payments set forth in Section 2(c) hereof.

     10. Amendment of Registration Rights. Any provision of each such Agreement
may be amended and the observance thereof may be waived (either generally or in
a particular instance and either retroactively or prospectively), only with the
written consent of the Company and Investors who hold collectively eighty (80%)
percent of the Preferred Shares. Any amendment or waiver effected in accordance
with this Section 10 shall be binding upon each Investor and the Company.

     11. Miscellaneous.

          (a) A person or entity is deemed to be a holder of Registrable
     Securities whenever such person or entity owns of record such Registrable
     Securities. If the Company receives conflicting instructions, notices or
     elections from two or more persons or entities with respect to the same
     Registrable Securities, the Company shall act upon the basis of
     instructions, notice or election received from the registered owner of such
     Registrable Securities.

                                       11
<PAGE>

          (b) Any notice or communication required or permitted by this
     Agreement shall be given in writing addressed as follows:

          If to Company:      Global MAINTECH Corp.
                              7578 Market Place Drive
                              Eden Prairie, MN 55344
                              ATTN: CEO
                              Telecopier No.: (612) 944-0400
                              Telephone No.: (612) 944-3311

          with a copy to:     Dorsey & Whitney LLP
                              Pillsbury Center South
                              220 South Sixth Street
                              Minneapolis, Minnesota 55402-1498
                              Attention:  Ken Cutler
                              Telephone: (612) 340-2740
                              Facsimile: (612) 340-8378

          If to Investors:    Nash, LLC
                              c/o Thomson Kernaghan & Co.
                              365 Bay Street, Suite 1000, 10th Fl.
                              Toronto, Ontario M5H 2V2
                              Telephone No.: (416) 860-4160
                              Telecopier No.: (416) 860-8313

          with a copy to:     Michael S. Rosenblum, Esq.
                              Law Offices of Michael S. Rosenblum
                              1875 Century Park East, Suite 700
                              Los Angeles, California 90067

     All notices shall be served personally by telecopy, by telex, by overnight
     express mail service or other overnight courier, or by first class
     registered or certified mail, postage prepaid, return receipt requested. If
     served personally, or by telecopy, notice shall be deemed delivered upon
     receipt (provided that if served by telecopy, sender has written
     confirmation of delivery); if served by overnight express mail or overnight
     courier, notice shall be deemed delivered forty-eight (48) hours after
     deposit; and if served by first class mail, notice shall be deemed
     delivered seventy-two (72) hours after mailing. Any party may give written
     notification to the other parties of any change of address for the sending
     of notices, pursuant to any method provided for herein.

          (c) Failure of any party to exercise any right or remedy under this
     Agreement or otherwise, or delay by a party in exercising such right or
     remedy, shall not operate as a waiver thereof.

                                       12
<PAGE>

          (d) This Agreement shall be governed by and interpreted in accordance
     with the laws of the State of California for contracts to be wholly
     performed in such state and without giving effect to the principles thereof
     regarding the conflict of laws. Any litigation based thereon, or arising
     out of, under, or in connection with, this agreement or any course of
     conduct, course of dealing, statements (whether oral or written) or actions
     of the Company or Purchaser shall be brought and maintained exclusively in
     the state or Federal courts of the State of California, sitting in the City
     of Los Angeles. The Company hereby expressly and irrevocably submits to the
     jurisdiction of the state and federal Courts of the State of California for
     the purpose of any such litigation as set forth above and irrevocably
     agrees to be bound by any final judgment rendered thereby in connection
     with such litigation. The Company further irrevocably consents to the
     service of process by registered mail, postage prepaid, or by personal
     service within or without the State of California. The Company hereby
     expressly and irrevocably waives, to the fullest extent permitted by law,
     any objection which it may have or hereafter may have to the laying of
     venue of any such litigation brought in any such court referred to above
     and any claim that any such litigation has been brought in any inconvenient
     forum. To the extent that the Company has or hereafter may acquire any
     immunity from jurisdiction of any court or from any legal process (whether
     through service or notice, attachment prior to judgment, attachment in aid
     of execution or otherwise) with respect to itself or its property, the
     Company hereby irrevocably waives such immunity in respect of its
     obligations under this Agreement and the related agreements entered into in
     connection herewith.

          (e) If any provision of this Agreement shall be invalid or
     unenforceable in any jurisdiction, such invalidity or unenforceability
     shall not affect the validity or enforceability of the remainder of this
     Agreement or the validity or enforceability of this Agreement in any other
     jurisdiction.

          (f) Subject to the requirements of Section 9 hereof, this Agreement
     shall inure to the benefit of and be binding upon the successors and
     assigns of each of the parties hereto.

          (g) All pronouns and any variations thereof refer to the masculine,
     feminine or neuter, singular or plural, as the context may require.

          (h) The headings in this Agreement are for convenience of reference
     only and shall not limit or otherwise affect the meaning thereof.

          (i) This Agreement may be executed in one or more counterparts, each
     of which shall be deemed an original but all of which shall constitute one
     and the same agreement. This Agreement, once executed by a party, may be
     delivered to the other party hereto by telephone line facsimile
     transmission of a copy of this Agreement bearing the signature of the party
     so delivering this Agreement.

          (j) The Company acknowledges that any failure by the Company to
     perform its obligations under Section 3(a) hereof, or any delay in such
     performance could result in loss to the Investors, and the Company agrees
     that, in addition to any other liability the Company may have by

                                       13
<PAGE>

     reason of such failure or delay, the Company shall be liable for all direct
     damages caused by any such failure or delay, unless the same is the result
     of force majeure. Neither party shall be liable for consequential damages.

          (k) This Agreement, the Securities Purchase Agreement and the other
     documents referenced therein constitute the entire agreement among the
     parties hereto with respect to the subject matter hereof. There are no
     restrictions, promises, warranties or undertakings, other than those set
     forth or referred to herein. This Agreement supersedes all prior agreements
     and understandings among the parties hereto with respect to the subject
     matter hereof. This Agreement may be amended only by an instrument in
     writing signed by the party to be charged with enforcement thereof.

          (l) Any default by an individual Investor hereunder or any related
     agreement, including, without limitation, the Securities Purchase
     Agreement, shall not be deemed a default by any other Investor and shall
     not excuse the Company's performance hereunder or thereunder with respect
     to the non-defaulting Investors.

          (m) In the event of any action for breach of or to enforce or declare
     rights under any provision of this Agreement, the prevailing party shall be
     entitled to reasonable attorneys' fees and costs, to be paid by the losing
     party.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       14
<PAGE>

     IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed by their respective officers thereunto duly authorized as of the day
and year first above written.

                                       Global MAINTECH Corp., a Minnesota
                                       corporation

                                       By:
                                       Name:
                                       Title:

                                       Nash, LLC, a Cayman Islands limited
                                       liability company

                                       By:

                                            Manager

                                       Greenfield Capital Partners, LLC, a
                                       Delaware limited liability company

                                       By:
                                            Manager

                                       Carbon Mesa, LLC, a Bahamian limited
                                       liability company

                                       By:
                                            Manager

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