Document:

THIS AGREEMENT CONTAINS A BINDING, IRREVOCABLE AGREEMENT TO ARBITRATE AND IS
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   SUBJECT TO ARBITRATION PURSUANT TO TITLE 15, CHAPTER 48 (UNIFORM ARBITRATION
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                   ACT) OF THE CODE OF LAWS OF SOUTH CAROLINA
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                           CHANGE IN CONTROL AGREEMENT

     THIS  AGREEMENT  (the  "Agreement")  is  made  as  of January 24, 2006 (the
"Effective  Date")  by and among Carol J. Nelson (the "Employee"), a resident of
the  state  of  South  Carolina;  Islands  Bancorp,  Inc.  (the  "Company"),  a
corporation  organized  under the laws of the State of South Carolina and a bank
holding  company; and Islands Community Bank, N.A. (the "Bank"), a national bank
organized  under the laws of the United Sates and wholly-owned subsidiary of the
Company.

     WHEREAS,  the Employee is currently employed as the Chief Financial Officer
of  the  Company  and  the  Bank;  and

     WHEREAS,  the  Company  and  the  Bank  (sometimes collectively referred to
herein  as  the  "Employer")  desire  to  induce the Employee to continue in the
employ  of  the  Company  and  the  Bank  by  offering  this agreement providing
severance  benefits  to the Employee in certain circumstances following a Change
in  Control  (as  defined  below)  of  the  Company  or  the  Bank.

     NOW,  THEREFORE,  in consideration of the mutual covenants herein contained
and  other good and valuable consideration, the receipt and sufficiency of which
is  hereby  acknowledged,  the  parties  hereto  agree  as  follows:

     1.     DEFINITIONS.  For  purposes  of  this Agreement, the following terms
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and  conditions  shall  have  the  meanings  set  forth  in  this  Section  1:

          (a)     "Area"  means  the  geographic area within a 25-mile radius of
                   ----
     each  location  where  the Employer (or any subsidiary or parent company of
     Employer) maintains an office or branch at any time during the term of this
     Agreement.

          (b)     "Board  of  Directors"  means  the  Board  of Directors of the
                   --------------------
     Company or the Bank, as the context implies.

          (c)     "Business  of theEmployer" means the business conducted by the
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     Company  and  the  Bank,  which  is  the business of banking, including the
     solicitation  of  time  and  demand deposits and the making of residential,
     consumer, commercial and corporate loans.

          (d)     "Cause"  shall mean any of (i) the commission by Employee of a
                   -----
     willful  act  (including,  without  limitation,  a dishonest, fraudulent or
     unethical  act,  or  willful  or  recurring  insubordination)  or a grossly
     negligent  act,  or  the  willful  or  grossly negligent omission to act by
     Employee,  which  is  intended  to cause, causes or is reasonably likely to
     cause  material  harm  to  Employer  (including  harm  to  its  business
     reputation);  (ii)  the  indictment  of  Employee  for  the  commission  or
     perpetration by Employee of any felony or any crime

<PAGE>
     involving  dishonesty,  moral turpitude or fraud; (iii) the material breach
     by  Employee  of this Agreement; (iv) the material violation by Employee of
     any  federal  or  state  banking  law,  rule  or  regulation,  causing  or
     permitting,  whether  intentionally  or negligently, Employer to materially
     violate  any  federal  or  state  banking  law, rule or regulation; (v) the
     suspension  or  temporary  prohibition  of  Employee's participation in the
     conduct  of the affairs of Employer or any subsidiary of Employer by notice
     served  under Section 8(e) of the Federal Deposit Insurance Act (12 U.S.C.,
     Section  1818  (e));  (vi)  the  receipt  of any form of notice, written or
     otherwise,  that  any  regulatory  agency having jurisdiction over Employer
     intends  to institute any form of formal or informal (e.g., a memorandum of
     understanding  which  relates  to Employee's performance) regulatory action
     against  Employee  or  Employer  (provided  that  the  Board  of  Directors
     determines  in  good  faith, with Employee abstaining from participating in
     the  consideration  of  and  vote on the matter, that the subject matter of
     such  action  involves  acts  or  omissions  by or under the supervision of
     Employee  or  that  termination  of  Employee  would  materially  advance
     Employer's  compliance  with  the purpose of the action or would materially
     assist Employer in avoiding or reducing the restrictions or adverse effects
     to  Employer  related  to  the  regulatory  action),  not  including  items
     contained  in  any  regulatory  action  in  place  prior  to the Employee's
     employment;  (vi)  the  exhibition  by  Employee  of a standard of behavior
     within  the  scope  of  her employment that is materially disruptive to the
     orderly  conduct  of  Employer's  business  operations  (including, without
     limitation,  substance abuse or sexual misconduct) to a level which, in the
     Board  of  Directors'  good  faith  and  reasonable judgment, with Employee
     abstaining  from  participating  in  the  consideration  of and vote on the
     matter,  is  materially detrimental to Employer's best interest; (viii) the
     failure  of  Employee to devote her full business time and attention to her
     employment  that, if susceptible of cure, remains uncured 60 days following
     written  notice  to  Employee  of  such failure; or (ix) the failure by the
     Employee  to  achieve  or  maintain  the  reasonable  performance  goals
     established by Employer's management and approved by the Board of Directors
     from  time  to time for Employee and Employer that, if susceptible of cure,
     remains  uncured  60  days  following  written  notice  to Employee of such
     failure.

          (e)     "Change  in  Control"  means  the  occurrence  of  any  of the
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     following events on or after the Effective Date:

               (i)     within  any  12-month  period  (beginning on or after the
          Effective  Date)  the persons who constitute the Board of Directors of
          the  Company  or the Bank immediately before such 12-month period (the
          "Incumbent  Directors")  cease for any reason to constitute at least a
          majority  of  such  Board  of  Directors;  provided, however, that any
          person  becoming  a director subsequent to the Effective Date shall be
          deemed  to  be  an  Incumbent Director if that director was elected to
          such  Board  of  Directors by, or on the recommendation of or with the
          approval  of,  at  least  two-thirds  (2/3)  of the directors who then
          qualified  as  Incumbent  Directors;  and  provided  further  that  no
          director  whose  initial assumption of office is in connection with an
          actual  or  threatened  election  contest  relating to the election of
          directors shall be deemed an Incumbent Director;

                                      - 2 -
<PAGE>
               (ii)     the  consummation  of  a  reorganization,  merger  or
          consolidation  of  the  Company  or  the  Bank,  with respect to which
          persons  who  were the stockholders of the Company or the Bank, as the
          case  may  be,  immediately  prior  to  such reorganization, merger or
          consolidation  do  not,  immediately  thereafter,  own more than fifty
          percent  (50%)  of  the  combined voting power entitled to vote in the
          election  of  directors  of  the  reorganized,  merged or consolidated
          entity's then outstanding voting securities; or

               (iii)     the  sale,  transfer  or  assignment  of  all  or
          substantially all of the assets of the Company and the Bank to any
          third party.

          (f)     "Confidential Information" means data and information relating
                   ------------------------
     to  the  Business  of  the Employer (which does not rise to the status of a
     Trade  Secret)  which  is or has been disclosed to the Employee or of which
     the  Employee  became aware as a consequence of or through her relationship
     to the Company and the Bank and which has value to the Company and the Bank
     and  is  not  generally  known  to  its  competitors.  Without limiting the
     foregoing, Confidential Information shall include the following:

               (i)     all  items  of  information that could be classified as a
          trade secret pursuant to South Carolina law;

               (ii)     the  names,  addresses  and  banking requirements of the
          customers  of  the  Company  and the Bank and the nature and amount of
          business done with such customers;

               (iii)     the names and addresses of employees and other business
          contacts of the Company and the Bank;

               (iv)     the particular names, methods and procedures utilized by
          the  Company  and  the  Bank  in  the conduct and advertising of their
          business;

               (v)     the  applications,  operating  system,  communication and
          other  computer  software  and derivatives thereof, including, without
          limitation,  sources  and  object  codes,  flow charts, coding sheets,
          routines,  subrouting  and  related  documentation  and manuals of the
          Company and the Bank; and

               (vi)     marketing  techniques,  purchasing  information, pricing
          policies,  loan  policies,  quoting procedures, financial information,
          customer  data  and  other  materials  or  information relating to the
          Company's and the Bank's manner of doing business.

     Confidential  Information  shall  not  include  any  data  or  information
     that  has  been  voluntarily  disclosed to the public by the Company or the
     Bank  (except  where  such  public disclosure has been made by the Employee
     without  authorization)  or  that  has  been  independently  developed  and
     disclosed  by  others,  or  that otherwise enters the public domain through
     lawful  means.

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<PAGE>
          (g)     "Good  Reason"  means, with respect to a voluntary resignation
                   ------------
     by  the  Employee,  any one of the following events, but only if such event
     first  arose  within forty-five (45) days of such resignation, the Employee
     first provided the Employer with written notice of the event within fifteen
     (15)  days after the event occurred and an opportunity to cure for at least
     ten (10) business days from its receipt of the notice and the circumstances
     continued,  uncured,  through  the  effective  date  of  the  Employee's
     resignation:

               (i)     the  assignment  of  duties  to the Employee that, in the
          aggregate, are not commensurate with her training and experience;

               (ii)     a reduction in the Employee's base salary rate or annual
          bonus  opportunity  effected  by  the  Employer, unless such reduction
          applies generally to senior executives of the Employer; or

               (iii)     a  requirement  by  the  Employer  that  the Employee's
          services  be  rendered  primarily  at a location more than twenty-five
          (25)  miles  from any business office maintained by the Employer as of
          the Effective Date.

          (h)     "Trade  Secrets"  means  information,  without regard to form,
                   --------------
     including,  but  not  limited to, technical or nontechnical data, formulas,
     patterns,  compilations,  programs, devices, methods, techniques, drawings,
     processes,  financial  data,  financial  plans,  product  plans or lists of
     actual  or  potential  customers  or  suppliers  which (i) derives economic
     value,  actual  or  potential,  from  not being generally known to, and not
     being  readily  ascertainable  by  proper  means  by, other persons who can
     obtain  economic  value from its disclosure or use, and (ii) is the subject
     of  efforts  that  are  reasonable  under the circumstances to maintain its
     secrecy.

     2.     TERM.  The  term  of  this  Agreement  (the  "Term")  shall  become
            ----
effective as of the Effective Date and shall remain in effect until the earliest
of  (a)  the Employee's termination of employment with the Company and the Bank,
regardless of the manner in which it was effected, prior to a Change in Control;
(b)  the  last day of the thirteenth (13th) calendar month immediately following
the  calendar  month  containing  the effective date of a Change in Control (the
period  from  the  effective date of a Change in Control through the last day of
such  thirteenth (13th) calendar month is referred to herein as the "Post-Change
in  Control  Period")  provided  there  has  been  no  Qualifying Termination of
Employment  (as  defined  in  Section 3) prior thereto; or (c) until all amounts
that  may  be payable to the Employee pursuant to Section 3 below have been paid
in connection with a Qualifying Termination of Employment.

     3.     SEVERANCE  BENEFITS  UPON TERMINATION OF EMPLOYMENT.  If, while this
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Agreement  is  in  effect, the Employee:  (a) is involuntarily terminated by the
Company and the Bank without Cause during the Post-Change in Control Period; (b)
resigns  her employment with the Company and the Bank for Good Reason during the
Post-Change  in  Control  Period;  or  (c)  resigns  for  any  reason during the
thirteenth  (13th)  month  of  the  Post-Change  in  Control  Period  (each,  a
"Qualifying Termination of Employment"), the Bank shall pay to the Employee in a
lump-sum an amount equal to two times the sum of (a) the Employee's salary as in
effect at the

                                      - 4 -
<PAGE>
effective  time of the termination of employment and (b) the amount of the bonus
earned  by the Employee during the prior calendar year (the "Lump Sum Payment").
The  Lump  Sum  Payment  is  sometimes  referred  to  in  this  Agreement as the
"Severance  Benefit."  If the aggregate present value (determined as of the date
of  the  Change  in Control in accordance with the provisions of Section 280G of
the Internal Revenue Code, as amended, and the rules and regulations promulgated
thereunder  (collectively,  the  "Code"))  of both the Severance Benefit and all
other  payments  to  the  Employee  in  the  nature  of  compensation  which are
contingent  on  a change in ownership or effective control of the Company or the
Bank  or  in the ownership of a substantial portion of the assets of the Company
or  the  Bank (the "Aggregate Severance") would result in a "parachute payment,"
as  defined  under  Section 280G of the Code, then the Aggregate Severance shall
not  be  greater  than  an  amount  equal to 2.99 multiplied by Employee's "base
amount"  for  the  "base period," as those terms are defined under Section 280G.
In  the event the Aggregate Severance is required to be reduced pursuant to this
Section  3,  the  Employee  shall be entitled to determine which portions of the
Aggregate  Severance are to be reduced so that the Aggregate Severance satisfies
the limit set forth in the preceding sentence.

     The  Lump  Sum Payment shall be paid to the Employee as soon as practicable
following  the  effective date of the Qualifying Termination of Employment.  The
Employer  shall be entitled to withhold appropriate employment and income taxes,
if required by applicable law, from any Severance Benefit that becomes payable.

     4.     CONFIDENTIALITY.  In  the  event  of  the  occurrence of a Change in
            ---------------
Control during the Term, the Employee agrees that:

          (a)     except  to the extent necessary to perform the duties assigned
     to her by the Employer, the Employee will hold Confidential Information and
     Trade  Secrets  in  trust  and  strictest  confidence,  and  will  not use,
     reproduce,  distribute,  disclose or otherwise disseminate the Confidential
     Information  and  Trade Secrets or any physical embodiments thereof and may
     in no event take any action causing or fail to take the action necessary to
     prevent,  any  Confidential  Information  and Trade Secrets disclosed to or
     developed  by  the  Employee  to  lose its character or cease to qualify as
     Confidential Information or Trade Secrets; and

          (b)     the  covenants  of confidentiality set forth herein will apply
     only  from  and  after  the  occurrence  of  a Change in Control during the
     remaining term of the Employee's employment but, in such event, will extend
     to any Confidential Information and Trade Secrets disclosed by the Employer
     or  developed  by  the  Employee at any time during her employment with the
     Employer.  The  covenants  restricting  the use of Confidential Information
     will  apply  from  the  effective  date  of  the Change in Control and will
     continue  and  be  maintained  by  the Employee for a period of twelve (12)
     months  following  the  Employee's termination of employment, regardless of
     the  reason.  The covenants restricting the use of Trade Secrets will apply
     from  the  effective date of the Change in Control and will continue and be
     maintained  by the Employee following Employee's termination of employment,
     regardless of the reason, for so long as permitted by applicable law.

                                      - 5 -
<PAGE>
     5.     NOT USED.
            ---------

     6.     NONSOLICITATION.  If  the  Employee  experiences  a  termination  of
            ---------------
employment,  regardless of the reason, during the Post-Change in Control Period,
the  Employee  agrees  that,  for  twelve  (12)  months following the Employee's
termination of employment:

          (a)     the  Employee  will not (except on behalf of or with the prior
     written  consent  of  the Employer), on the Employee's own behalf or in the
     service  or  on behalf of others, solicit, divert or appropriate or attempt
     to  solicit,  divert  or  appropriate, directly or by assisting others, any
     business  from  any of the customers of the Bank, including actively sought
     prospective  customers,  with whom the Employee has or had material contact
     during the last two (2) years of the Employee's employment, for purposes of
     providing  products or services that are competitive with those provided by
     the Employer; and

          (b)     the  Employee  will not on the Employee's own behalf or in the
     service or on behalf of others, solicit, recruit or hire away or attempt to
     solicit,  recruit  or  hire  away,  directly  or  by  assisting others, any
     employee  of  the Company and/or the Bank with whom the Employee has or had
     material  contact  during  the  last  two  (2)  years  of  the  Employee's
     employment,  whether  or  not  such  employee  is a full-time employee or a
     temporary  employee  of the Company and/or the Bank and whether or not such
     employment  is  pursuant  to  a  written  agreement and whether or not such
     employment is for a determined period or is at will.

     7.     REMEDIES.  The  Employee  agrees  that,  in addition to all remedies
            --------
provided  by  law  or  in  equity,  the  Employer  shall be entitled to specific
performance of this Agreement and to both temporary and permanent injunctions to
prevent  a  breach  or  contemplated  breach by the Employee of the covenants in
Sections  4,  5 and 6 hereof.  If the Employee breaches her obligations pursuant
to  Sections 4, 5 or 6 hereof, the Employee will forfeit any amounts owed to the
Employee under Section 3 hereof which have not been paid to the Employee.

     8.     NO  MITIGATION.  No  amounts  or  benefits  payable  to the Employee
            --------------
hereunder  shall be subject to mitigation or reduction by income or benefits the
Employee receives from other sources.

     9.     CONTINUED  EMPLOYMENT.  Nothing  herein  shall  entitle  Employee to
            ---------------------
continued  employment with the Company and/or the Bank or to continued tenure in
any  specific office or position. The Employee's employment with the Company and
the Bank shall be terminable at the will of the Company or the Bank, as the case
may  be,  with  or  without  Cause,  subject  to  the terms of any other written
agreement as may be in effect between the parties.

     10.     ASSIGNMENT.  The  rights and obligations of the Employer under this
             ----------
Agreement  shall  inure to the benefit of the Employer's successors and assigns.
This Agreement may be assigned by the Company or the Bank to any legal successor
or  to  an  entity which purchases all or substantially all of the assets of the
Company or the Bank, as the case may be.  In the event of any assignment of this
Agreement permitted by this Section 10, the terms "Company," "Bank"

                                      - 6 -
<PAGE>
and/or  the  "Employer"  as  defined  herein  will  refer to the assignee(s), as
appropriate,  and  the Employee will not be deemed to have terminated employment
hereunder until the Employee terminates employment from the assignee(s).

     11.     ARBITRATION.  Any  controversy  or claim arising out of or relating
             -----------
to  this  Agreement, or the breach thereof, shall be adjudicated through binding
arbitration  before  a  single  arbitrator  in  accordance  with  the Commercial
Arbitration  Rules of the American Arbitration Association. The Employer and the
Employee agree that they will seek to enforce any arbitration award in the Court
of  Common  Pleas  in  Beaufort  County, South Carolina, the Fourteenth Judicial
Circuit.  The  decision of the arbitration panel shall be final and binding upon
the parties and judgment upon the award rendered by the arbitration panel may be
entered by any court having jurisdiction. The Employer and the Employee agree to
share equally the fees and expenses associated with the arbitration proceedings,
except as otherwise provided by Section 12 below.

                                             EMPLOYEE MUST INITIAL HERE: /S/ CJN
                                                                         -------

     12.     ATTORNEYS'  FEES.  With  respect  to arbitration of disputes and if
             ----------------
litigation  ensues  between  the  parties  concerning  the  enforcement  of  an
arbitration  award  and  the  Employee  prevails  on  all of the material issues
pertinent  to  the  dispute,  the  Employer  will reimburse the Employee for all
costs,  expenses, reasonable attorneys' fees and reasonable expenses incurred by
the  Employee (or the Employee's estate in the event of her death) in connection
with the dispute.

     13.     NOTICE.  All  notices,  consents,  waivers and other communications
             ------
required  or permitted by this Agreement shall be in writing and shall be deemed
given  to  a  party  when (a) delivered to the appropriate address by hand or by
nationally  recognized  overnight  courier  service (costs prepaid); (b) sent by
facsimile  with  confirmation  of transmission by the transmitting equipment; or
(c)  received  or  rejected  by the addressee, if sent by certified mail, return
receipt  requested, in each case to the following addresses or facsimile numbers
and  marked  to  the attention of the person (by name or title) designated below
(or  to  such other address, facsimile number or person as a party may designate
by written notice to the other parties):

     If to the Employer, to the Employer at:       Islands Community Bank
                                                   2348 Boundary Street
                                                   Beaufort, SC 29903
                                                   Attn: Chairman

     If to the Employee, to the Employee at: Ms.   Carol J. Nelson
                                                   70 Shipyard Drive #154
                                                   Hilton Head, SC 29928

     14.     HEADINGS.  Sections  or  other  headings  contained  herein are for
             --------
reference  purposes  only  and  shall  not  affect  in  any  way  the meaning or
interpretation of this Agreement.

     15.     ENTIRE AGREEMENT.  This Agreement contains the entire understanding
             ----------------
of the parties with respect to the subject matter hereof.

                                      - 7 -
<PAGE>
     16.     SEVERABILITY.  In  the  event that one or more of the provisions of
             ------------
this  Agreement  shall  be  or  become  invalid, illegal or unenforceable in any
respect,  the  validity, legality and enforceability of the remaining provisions
contained herein shall not be affected thereby.

     17.     APPLICABLE  LAW  AND  CHOICE  OF  FORUM.  This  Agreement  shall be
             ---------------------------------------
construed  and  enforced  under  and in accordance with the laws of the State of
South  Carolina.  The  parties agree that any appropriate state or federal court
located  in  South  Carolina  shall  have  exclusive jurisdiction of any case or
controversy  arising  under  or  in connection with Sections 4 through 7 of this
Agreement  shall  be  a  proper  forum  in  which  to  adjudicate  such  case or
controversy.  The parties consent and waive any objection to the jurisdiction or
venue of such courts.

     18.     AMENDMENT.  This  Agreement  may  not  be  modified,  amended,
             ---------
supplemented  or  terminated  except by a written agreement between the Employer
and the Employee.

     19.     SURVIVAL.  The provisions of Sections 4, 5, 6, 7, 11, 12, 17 and 20
             --------
of  this Agreement shall survive, as necessary and to the extent applicable, the
expiration of the Term or any other termination of this Agreement.

     20.     CONFIDENTIALITY  AND  PROFESSIONALISM.  Employee  represents  and
             -------------------------------------
agrees  that  Employee  will  keep  the  terms,  amount,  value,  and  nature of
consideration  paid  to  Employee,  and  the  fact  of this Agreement completely
confidential,  and  that  Employee  will  not hereafter disclose any information
concerning  this  Agreement to anyone other than Employee's immediate family and
professional  representatives  who  will  be  informed  of  and  bound  by  this
confidentiality clause.

                                      - 8 -
<PAGE>
     IN  WITNESS  WHEREOF, each of the parties has executed this Agreement as of
the date and year first above written.

                                    THE COMPANY:

                                    Islands Bancorp

                                    By: /s/ D. Martin Goodman
                                        ----------------------------------------

                                    Print Name: D. Martin Goodman
                                                --------------------------------

                                    Title: Chairman of the Board of Directors
                                           -------------------------------------

                                    THE BANK:

                                    Community Bank, N.A.

                                    By: /s/ D. Martin Goodman
                                        ----------------------------------------

                                    Print Name: D. Martin Goodman
                                                --------------------------------

                                    Title: Chairman of the Board of Directors
                                           -------------------------------------

                                    EMPLOYEE:

                                    /s/ Carol J. Nelson
                                    --------------------------------------------
                                    Carol J. Nelson

                                      - 9 -Exhibit 10.31

                                                                   March 3, 2005

mmWave Technologies Inc.
6695 Millcreek Dr. Unit 8
Mississauga Ontario
L5N 5R8

Dear Sirs:

      We are pleased to confirm that, subject to acceptance by you, The Bank of
Nova Scotia (the "Bank") will make available to mmWave Technologies Inc. (the
"Borrower"), credit facilities on the terms and conditions set out in the
attached Terms and Conditions Sheet and in Schedule "A".

      If the arrangements set out in this letter, and in the attached Terms and
Conditions Sheet and Schedule "A" (collectively the "Commitment Letter') are
acceptable to you, please sign the enclosed copy of this letter in the space
indicated below and return the letter to us by the close of business on March
17, 2005 after which date this offer will lapse.

      This Commitment Letter replaces all previous commitments issued by the
Bank to the Borrower.

                                                Yours truly,

---------------------------                     ---------------------------
Bent Laursen                                    Zenon Iwachiw
Senior Relationship Manager                     Director Commercial Banking

<PAGE>

      The arrangements set out above and in the attached Terms and Conditions
Sheet and Schedule "A" (collectively the "Commitment Letter") are hereby
acknowledged and accepted by:

mmWave Technologies Inc.

Name

By:     ______________________________
Title:

Date:  ______________________________

Guarantors:

Wireless Age Communications, Inc.                1588102 Ontario Inc.

Name                                             Name

By:     ______________________________           By:     _______________________
Title:                                           Title:

Date:  ______________________________            Date:  ________________________

                                                                               2
<PAGE>

                              TERMS AND CONDITIONS

CREDIT NUMBER:  1                                AUTHORIZED AMOUNT:  $750,000.00
--------------------------------------------------------------------------------

TYPE

         Operating

PURPOSE

         General operating requirements

CURRENCY

         Canadian dollars and/or U.S. Dollars equivalent thereof.

AVAILMENT

         The Borrower may avail the Credit by way of direct advances evidenced
         by Agreement re Operating Credit Line.

INTEREST RATE

         Cdn. Dollars): The Banks' Prime Lending Rate from time to time, plus
         1.20% per annum with interest payable monthly.

         (U.S. Dollars): The Bank's U.S. Dollar Base Rate in Canada, from time
         to time, plus 1.20% per annum with interest payable monthly.

REPAYMENT

         Advances are repayable on demand.

FEES

         An Annual Review Fee of $1,000 is payable by the Borrower upon
         acceptance of this Commitment Letter.

         A Financial Statement Review Fee of $30.00 per reporting period
         (quarterly) is payable by the Borrower at the end of each reporting
         period.

         A Security Monitoring Fee of $30 is payable by the Borrower each time
         the Bank deems it advisable to monitor accounts receivable/loan
         margins, to conduct inventory audits/checks and/or to perform security
         valuations, security verifications or other such activities (monthly).

                                                                               3
<PAGE>

         In addition to, and not in substitution for the obligations of the
         Borrower and the rights of the Bank upon the occurrence of an event of
         default herein, the Borrower shall pay to the Bank:

            a fee of $100.00 per month (or such higher amount as may be
            determined by the Bank from time to time) for each month or part
            thereof during which the Borrower is late in providing the Bank with
            financial or other information required herein;

         The imposition or collection of fees does not constitute an express or
         implied waiver by the Bank of any event of default or any of the terms
         or conditions of the lending arrangements, security or rights arising
         from any default. Fees may be charged to the Borrower's deposit account
         when incurred.

SPECIFIC SECURITY

         The following security, evidenced by documents in form satisfactory to
         the Bank and registered or recorded as required by the Bank, is to be
         provided prior to any advances or availment being made under the
         Credit(s):

            Agreement Re Operating Credit Line. (Schedule B, for U.S.$
            Advances).

CREDIT NUMBER:  2                                 AUTHORIZED AMOUNT:  $50,000.00
--------------------------------------------------------------------------------

TYPE
         Corporate VISA - Availment, interest rate and repayment as per
         Cardholder Agreement.

GENERAL SECURITY

         The following security, evidenced by documents in form satisfactory to
         the Bank and registered or recorded as required by the Bank, is to be
         provided prior to any advances or availment being made under the
         Credits:

                  General Security Agreement over all present and future
                  personal property with appropriate insurance coverage, loss if
                  any, payable to the Bank.

                  Insurance over inventory with loss, if any, payable to the
                  Bank.

                  Postponement Agreement covering an amount of $700,000,
                  supported by respective promissory note(s).

                  Postponed Funds may be reduced subject to all conditions of
                  the Commitment Letter being met, both before and after giving
                  effect to such reductions.

                                                                               4
<PAGE>

                  Guarantees given by the following in the amounts shown (with
                  corporate seals and resolutions as applicable):

                          NAME                                       AMOUNT
                          ----                                       ------
                          Wireless Age Communications, Inc.       $750,000.
                          1588102 Ontario Inc.                    $750,000.

GENERAL CONDITIONS

     Until all debts and liabilities under the Credits have been discharged in
     full, the following conditions will apply in respect of the Credits:

              Operating loans are not to exceed at any time the lesser of the
              operating limit or Borrowing Base which is defined as the
              aggregate of 75% of good quality domestic (Canadian &/or US
              Dollar) accounts receivable (excluding accounts over 90 days,
              accounts due by employees, offsets and inter-company accounts)
              less security interests or charges held by other parties and
              specific payables which have or may have priority over the Bank's
              security.

              The ratio of current assets to current liabilities is to be
              maintained at all times at 1.2:1 or better.

              The ratio of Debt (including deferred taxes) to Tangible Net Worth
              (TNW) is not to exceed 2.5:1.

              TNW is defined as the sum of share capital, earned and contributed
              surplus and postponed funds less (i) amounts due from
              officers/affiliates, (ii) investments in affiliates, and (iii)
              intangible assets as defined by the Bank.

              No dividends, withdrawals, bonuses, advances to shareholders,
              management or affiliate are permitted which would place any bank
              credit conditions in default.

              Without the Bank's prior written consent:

                  No change in ownership is permitted.

                  The Bank acknowledges mmWave Technologies Inc. request to the
                  Bank to consent to the sale of mmWave Technologies Inc. to
                  1588102 Ontario Inc. and provides its consent, subject to:

                  a) The Borrower providing the Bank with a signed copy of the
                  Purchase Agreement satisfactory to the Bank, immediately upon
                  completion of the transaction.

                  b) The Guarantors providing the Bank with a lawyer's affidavit
                  confirming the Guarantees being provided will not contravene
                  of current Banking Covenants.

                                                                               5
<PAGE>

                  c) Confirmation Guarantor is currently onside to all Banking
                  Covenants.

                  No mergers, acquisitions or change in the Borrower's line of
                  business are permitted.

              The Borrower shall permit the Bank, or its agents, access, at all
              reasonable times, to all premises where the collateral covered by
              the Bank's security may be located and the Bank or its agents may
              inspect such collateral and all related documents and records.

              For ongoing Credit Risk management purposes, all operating
              accounts of the Borrower shall be maintained with the Bank as long
              as the Borrower has any operating line facilities with the Bank.

GENERAL BORROWER REPORTING CONDITIONS

     Until all debts and liabilities under the Credit(s) have been discharged in
     full, the Borrower will provide the Bank with the following:

              Annual Audited Financial Statements, within 90 days of the
              Borrower's fiscal year end, duly signed.

              Quarterly Interim Financial Statements within 25 days of period
              end.

              Annual Consolidated Audited Financial Statements of the Wireless
              Age Communications, Inc. (guarantor) within 90 days of the
              Borrower's fiscal year end, duly signed.

              In house Financial Statements of 1588102 Ontario Inc. (Guarantor)
              within 90 days of the Borrower's fiscal year end, duly signed.

              A Statement of Security monthly, to include information on
              inventory, accounts receivable and accounts payable, within 25
              days of period end.

              Monthly Aged Listing of Receivables within 25 days of period end.

              Monthly Aged Listing of Trade Accounts Payable within 25 days of
              period end.

                                                                               6
<PAGE>

                                   SCHEDULE A

                   ADDITIONAL TERMS AND CONDITIONS APPLICABLE
                                 TO ALL CREDITS

Calculation and Payment of Interest

1.    Interest on loans/advances made in Canadian dollars will be calculated on
      a daily basis and payable monthly on the 22nd day of each month (unless
      otherwise stipulated by the Bank). Interest shall be payable not in
      advance on the basis of a calendar year for the actual number of days
      elapsed both before and after demand of payment or default and/or
      judgment.

1a.   Interest on loans/advances made in U.S. dollars will be calculate on a
      daily basis and payable monthly on the 22nd day of each month, (unless
      otherwise stipulated by the Bank). Interest shall be payable not in
      advance on the basis of a 360 day year for the actual number of days
      elapsed both before and after demand of payment or default and/or
      judgement. The rate of interest based on a 360 day year is equivalent to
      the rate based on a calendar year of 365 days of 365/360 times the rate of
      interest that applies to the U.S. dollar loans/advances.

Interest on Overdue Interest

2.   Interest on overdue interest shall be calculated at the same rate as
     interest on the loans/advances in respect of which interest is overdue, but
     shall be compounded monthly and be payable on demand, both before and after
     demand and judgment.

Indemnity Provision

3.   If the introduction or implementation of, or any change in, or in the
     interpretation of, or any change in its application to the Borrower of,
     any law or any regulation or guideline issued by any central bank or other
     governmental authority (whether or not having the force of law),
     including, without limitation, any reserve or special deposit requirement
     or any tax (other than tax on the Bank's general income) or any capital
     requirement, has due to the Bank's compliance the effect, directly or
     indirectly, of (i) increasing the cost to the Bank of performing its
     obligations hereunder or under any availment hereunder; (ii) reducing any
     amount received or receivable by the Bank or its effective return
     hereunder or in respect of any availment hereunder or on its capital; or
     (iii) causing the Bank to make any payment or to forgo any return based on
     the amount received or receivable by the Bank hereunder or in respect of
     any availment hereunder, then upon demand from time to time the Borrower
     shall pay such amount as shall compensate the Bank for any such cost,
     reduction, payment or forgone return (collectively "Increased Costs") as
     such amounts are calculated in a certificate reasonably prepared by the
     Bank.

                                                                               7
<PAGE>

     In the event of the Borrower becoming liable for such Increased Costs, the
     Borrower shall have the right to prepay in full, without penalty, the
     outstanding principal balance under the affected credit other than the face
     amount of any document or instrument issued or accepted by the Bank for the
     account of the Borrower, including, without limitation, a Letter of Credit,
     a Letter of Guarantee or a Banker's Acceptance. Upon any such prepayment,
     the Borrower shall also pay the then accrued interest on the amount prepaid
     and the Increased Costs to the date of prepayment together with such amount
     as will compensate the Bank for the cost of any early termination of its
     funding arrangements in accordance with its normal practices, as such
     amounts are calculated in a certificate reasonably prepared by the Bank.

Environment

4. The Borrower agrees:

     (a)      to obey all applicable laws and requirements of any federal,
              provincial, or any other governmental authority relating to the
              environment and the operation of the business activities of the
              Borrower;

     (b)      to allow the Bank access at all times to the business premises of
              the Borrower to monitor and inspect all property and business
              activities of the Borrower;

     (c)      to notify the Bank from time to time of any business activity
              conducted by the Borrower which involves the use or handling of
              hazardous materials or wastes or which increases the environmental
              liability of the Borrower in any material manner;

     (d)      to notify the Bank of any proposed change in the use or occupation
              of the property of the Borrower prior to any change occurring;

     (e)      to provide the Bank with immediate written notice of any
              environmental problem and any hazardous materials or substances
              which have an adverse effect on the property, equipment, or
              business activities of the Borrower and with any other
              environmental information requested by the Bank from time to time.

     (f)      to conduct all environmental remedial activities which a
              commercially reasonable person would perform in similar
              circumstances to meet its environmental responsibilities and if
              the Borrower fails to do so, the Bank may perform such activities;
              and

     (g)      to pay for any environmental investigations, assessments or
              remedial activities with respect to any property of the Borrower
              that may be performed for or by the Bank from time to time.

                                                                               8
<PAGE>

     If the Borrower notifies the Bank of any specified activity or change or
     provides the Bank with any information pursuant to subsections (c), (d), or
     (e), or if the Bank receives any environmental information from other
     sources, the Bank, in its sole discretion, may decide that an adverse
     change in the environmental condition of the Borrower or any of the
     property, equipment, or business activities of the Borrower has occurred
     which decision will constitute, in the absence of manifest error,
     conclusive evidence of the adverse change. Following this decision being
     made by the Bank, the Bank shall notify the Borrower of the Bank's decision
     concerning the adverse change.

     If the Bank decides or is required to incur expenses in compliance or to
     verify the Borrower's compliance with applicable environmental or other
     regulations, the Borrower shall indemnify the Bank in respect of such
     expenses, which will constitute further advances by the Bank to the
     Borrower under this Agreement.

Periodic Review

5.   The obligation of the Bank to make further advances or other accommodation
     available under any Credit(s) of the Borrower under which the indebtedness
     or liability of the Borrower is payable on demand, is subject to periodic
     review and to no adverse change occurring in the financial condition or the
     environmental condition of the Borrower or any guarantor.

Evidence of Indebtedness

6.   The Bank's accounts, books and records constitute, in the absence of
     manifest error, conclusive evidence of the advances made under this Credit,
     repayments on account thereof and the indebtedness of the Borrower to the
     Bank.

Acceleration

7.   (a)      All indebtedness and liability of the Borrower to the Bank
              payable on demand, is repayable by the Borrower to the Bank at any
              time on demand;

     (b)      All indebtedness and liability of the Borrower to the Bank not
              payable on demand, shall, at the option of the Bank, become
              immediately due and payable, the security held by the Bank shall
              immediately become enforceable, and the obligation of the Bank to
              make further advances or other accommodation available under the
              Credits shall terminate, if any one of the following Events of
              Default occurs:

               (i)    the Borrower or any guarantor fails to make when due,
                      whether on demand or at a fixed payment date, by
                      acceleration or otherwise, any payment of interest,
                      principal, fees, commissions or other amounts payable to
                      the Bank;

              (ii)    there is a breach by the Borrower or any guarantor of any
                      other term or condition contained in this Commitment
                      Letter or in any other agreement to which the Borrower
                      and/or any guarantor and the Bank are parties;

                                                                               9
<PAGE>

              (iii)   any default occurs under any security listed in this
                      Commitment Letter under the headings "Specific Security"
                      or "General Security" or under any other credit, loan or
                      security agreement to which the Borrower and/or any
                      guarantor is a party;

              (iv)    any bankruptcy, re-organization, compromise, arrangement,
                      insolvency or liquidation proceedings or other proceedings
                      for the relief of debtors are instituted by or against the
                      Borrower or any guarantor and, if instituted against the
                      Borrower or any guarantor, are allowed against or
                      consented to by the Borrower or any guarantor or are not
                      dismissed or stayed within 60 days after such institution;

              (v)     a receiver is appointed over any property of the Borrower
                      or any guarantor or any judgement or order or any process
                      of any court becomes enforceable against the Borrower or
                      any guarantor or any property of the Borrower or any
                      guarantor or any creditor takes possession of any property
                      of the Borrower or any guarantor ;(vi) any course of
                      action is undertaken by the Borrower or any guarantor or
                      with respect to the Borrower or any guarantor which would
                      result in the Borrower's or guarantor's reorganization,
                      amalgamation or merger with another corporation or the
                      transfer of all or substantially all of the Borrower's or
                      any guarantor's assets;

              (vii)   any guarantee of indebtedness and liability under the
                      Credit Line is withdrawn, determined to be invalid or
                      otherwise rendered ineffective;

              (viii)  any adverse change occurs in the financial condition of
                      the Borrower or any guarantor.

              (ix)    any adverse change occurs in the environmental condition
                      of:

                      (A)    the Borrower or any guarantor of the Borrower; or

                      (B)    any property, equipment, or business activities
                             of the Borrower or any guarantor of the Borrower.

Costs

8. All costs, including legal and appraisal fees incurred by the Bank relative
to security and other documentation and the enforcement thereof, shall be for
the account of the Borrower and may be charged to the Borrower's deposit account
when submitted.

                                                                              10

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