Document:

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                                                                    Exhibit 10.2

                          REGISTRATION RIGHTS AGREEMENT

          REGISTRATION RIGHTS AGREEMENT, dated as of February 29, 2000, by and
among the stockholders of Unwire AB (publ), org. no. 556522-7617, a corporation
organized under the laws of Sweden (the "Company"), each of which is listed on
Schedule I attached hereto (each a "Seller", and collectively, the "Sellers"),
and CELLPOINT INC., a corporation organized under the laws of the State of
Nevada (the "Purchaser").

                              W I T N E S S E T H:

          WHEREAS, the Sellers, the Purchaser and CellPoint Swedish Holdings
Ltd. have entered into a certain Purchase and Sale Agreement, dated as of
February 16, 2000 (as amended and in effect from time to time, the "Purchase
Agreement"), pursuant to which (i) the Purchaser purchased from the Sellers all
of the issued and outstanding equity securities and securities convertible into
or exercisable for the equity securities of the Company, and (ii) the Purchaser
is issuing to the Sellers, as consideration for such purchase, an aggregate of
1,075,000 shares (the "CellPoint Shares") of the Common Stock, par value $0.001
per share (the "Common Stock") of the Purchaser;

          WHEREAS, the Purchaser and the Sellers desire to enter into this
Agreement in consideration for their respective obligations under the Purchase
Agreement;

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

          1.   DEFINITIONS; CERTAIN RULES OF CONSTRUCTION. Certain capitalized
terms are used in this Agreement with the specific meanings defined below in
this Section 1 or as otherwise provided in this Agreement. Capitalized terms
used but not defined in this Agreement shall have the meanings assigned to such
terms in the Purchase Agreement. Except as otherwise explicitly specified to the
contrary or unless the context clearly requires otherwise, (a) the capitalized
term "Section" refers to sections of this Agreement, (b) references to a
particular Section include all subsections thereof, (c) the word "including"
shall be construed as "including without limitation", (d) references to a
particular statute or regulation include all rules and regulations thereunder
and any successor statute, regulation or rules, in each case as from time to
time in effect, (e) words in the singular or plural form include the plural and
singular form, respectively, and (f) references to a particular Person include
such Person's successors and assigns to the extent not prohibited by this
Agreement.

          "Board of Directors" means the Board of Directors of the Purchaser.

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          "Common Stock" has the meaning set forth in the recitals hereto.

          "Exchange Act" means the United States Securities Exchange Act of
1934, as amended.

          "Holder" means any Seller that owns, of record, any of the CellPoint
Shares.

          "Initial Registration Statement" means the registration statement to
be filed by the Purchaser with respect to the 1,125,000 shares of the Common
Stock which were issued and sold by the Purchaser in a private placement closed
in October and November 1999.

          "Initiating Holders" has the meaning set forth in Section 2(c).

          "Person" means any present or future natural person or any
corporation, association, partnership, joint venture, limited liability, joint
stock or other company, business trust, trust, organization, business or
government or any governmental agency or political subdivision thereof.

          "register", "registered" and "registration" refer to a registration of
the Common Stock effected by preparing and filing a registration statement or
similar document in compliance with the Securities Act or an analogous document
under the Securities Act and the declaration or ordering of effectiveness, of
such registration statement or document.

          "Registrable Securities" means (a) any CellPoint Shares acquired by
the Sellers pursuant to the Purchase Agreement, (b) the Purchaser Escrow Shares,
if and when issued out of escrow to the Sellers in accordance with the Purchase
Agreement, and (c) any share of Common Stock issued as (or issuable upon the
conversion or exercise of any warrant, right, or other security which is issued
as) a dividend or other distribution with respect to, in exchange for, or in
replacement of, any share of Common Stock described in the foregoing clause (a)
and (b); PROVIDED, HOWEVER, that any share of Common Stock previously sold to
the public pursuant to a registered public offering or pursuant to an exemption
from the registration requirements of the Securities Act shall cease to be a
Registrable Security.

          "Registration Expenses" has the meaning set forth in Section 2(f).

          "SEC" means the United States Securities and Exchange Commission.

          "Securities Act" means the United States Securities Act of 1933, as
amended.

          "Violation" means, with respect to any registration statement which
includes any Registrable Securities:

          (i)  any untrue statement or alleged untrue statement of a material
     fact

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     contained in such registration statement, including any preliminary
     prospectus or final prospectus contained therein or any amendments or
     supplements thereto;
          (ii) the omission or alleged omission to state therein 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; or

          (iii) any violation or alleged violation by the Purchaser of the
     Securities Act, the Exchange Act, any state securities law or any rule or
     regulation with respect to the registration of securities of the Purchaser.

          2.   REGISTRATION RIGHTS.

          (a)  INITIAL REGISTRATION STATEMENT. The Purchaser hereby agrees to
include in the Initial Registration Statement to be filed by the Purchaser under
the Securities Act such number of the Shares as shall equal approximately 25% of
the aggregate number of Registrable Securities (excluding the Purchaser Escrow
Shares that have not been delivered out of escrow to the Sellers) issued to the
Sellers pursuant to the Purchase Agreement. The Purchaser shall include the
CellPoint Shares of the Sellers allocated among the Sellers as the Sellers shall
notify the Purchaser prior to the filing of the Initial Registration Statement.
The Purchaser shall use its commercially reasonable best efforts to file with
the SEC the Initial Registration Statement no later than March 31, 2000. The
Purchaser shall use its commercially reasonable best efforts to cause the
Initial Registration Statement to be declared effective as soon as practicable
by responding to any comments and requests by the SEC as soon as practicable
after receiving comments from the SEC with respect thereto.

          (b)  PIGGYBACK REGISTRATION RIGHTS. If, after the date hereof, the
Purchaser proposes to register (including for this purpose a registration
effected by the Purchaser for stockholders other than the Holders) any of its
capital stock or other securities under the Securities Act in connection with
the public offering of such securities solely for cash (other than a
registration on Form S-8 or an analogous form under the Securities Act relating
solely to the sale of securities to participants in a Purchaser stock plan or a
registration on Form S-4 or an analogous form under the Securities Act), the
Purchaser shall, at such time, promptly (but in any event not less than 45 days
before the anticipated filing date) give each Holder written notice of such
registration. Upon the receipt of a written request of any Holder given within
30 days after receipt of such notice from the Purchaser, the Purchaser shall,
subject to the provisions of Section 2(h), use its best efforts to cause a
registration statement covering all of the Registrable Securities that each such
Holder has requested to be registered to become effective under the Securities
Act. The Purchaser shall be under no obligation to complete any offering of its
securities it proposes to make and shall incur no liability to any Holder for
its failure to do so (except for its obligation to pay the Registration Expenses
in connection therewith); PROVIDED, HOWEVER, that in the event the Purchaser
determines to delay registering shares for its own account or for the account of
stockholders other than the Sellers, the Purchaser shall only be

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permitted to delay registering the Registrable Securities for the same period
and to the extent that the Purchaser has delayed registering such other
securities.

          (c)  DEMAND REGISTRATION.

          (i)  If, by November 15, 2000, the Purchaser shall not have filed a
     registration statement or registration statements which, in the aggregate,
     include all of the Registrable Securities (other than the Purchaser Escrow
     Shares which, at that date, are still being held in escrow under the
     Agreement), whether pursuant to paragraph (a) or paragraph (b) of this
     Section 2, then by December 31, 2000, the Purchaser shall file a
     registration statement with the SEC with respect to those Registrable
     Securities owned by the Sellers which have not theretofore been included in
     a registration statement filed under the Securities Act.

          (ii) At any time after December 31, 2000, if the Purchaser shall not
     have filed a registration statement or registration statements which, in
     the aggregate, include all of the the Registrable Securities (other than
     the Purchaser Escrow Shares which, at that date, are still being held in
     escrow under the Agreement), whether pursuant to paragraph (a), paragraph
     (b) or paragraph (c)(i) of this Section 2, upon the written request of
     Holders of a majority in interest of the Registrable Securities then
     outstanding and entitled to registration rights under this Section 2 (the
     "Initiating Holders") that the Purchaser effect the registration under the
     Securities Act of all of the Registrable Securities then outstanding, the
     Purchaser shall, within 45 days of the receipt of such request, file with
     the SEC a registration statement covering all the Registrable Securities
     and use its commercially reasonable best efforts to have such registration
     statement be declared effective. The exercise by the Holders of the
     registration rights set forth in this Section 2(c) is subject to the
     Initiating Holders= compliance with the terms and restrictions set forth in
     this Agreement.

          (iii) If the Initiating Holders intend to distribute the Registrable
     Securities covered by their request by means of an underwriting, they shall
     so advise the Purchaser as part of their request made pursuant to Section
     2(c)(ii). All Holders proposing to distribute their securities through such
     underwriting shall (together with the Purchaser) enter into an underwriting
     agreement in customary form with the underwriter or underwriters selected
     for such underwriting by a majority in interest of the Initiating Holders.
     In the case of any such underwritten offering, the underwriter or
     underwriters shall be selected, after consultation with, and with the
     consent of, the Purchaser (which shall not unreasonably be withheld), by a
     majority in interest of the Initiating Holders.

          (d)  OBLIGATIONS OF THE PURCHASER. Whenever required under this
Section 2 to effect the registration of any Registrable Securities under the
Securities Act, the Purchaser shall, as expeditiously as reasonably possible:

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          (i)  diligently use its best efforts to prepare and file with the SEC
     a registration statement on any form for which the Purchaser then qualifies
     of which counsel for the Purchaser shall deem appropriate and which form
     shall be available for the sale of such Registrable Securities in
     accordance with the intended method of distribution thereof, and use its
     best efforts to cause such registration statement to become effective, and,
     upon the request of the Holders of a majority in interest of the
     Registrable Securities to be registered thereunder, keep such registration
     statement effective for up to twelve months or until the Holders have
     informed the Purchaser in writing that the distribution of their
     Registrable Securities has been completed, whichever is earlier; PROVIDED,
     HOWEVER, that before filing a registration statement or prospectus or any
     amendments or supplements thereto, (A) the Purchaser shall provide the
     Sellers and one counsel selected by the Sellers with an adequate and
     appropriate opportunity to participate in the preparation of such
     registration statement and each prospectus included therein (and each
     amendment or supplement thereto) to be filed with the SEC, (B) each Seller
     shall have the opportunity to approve any information contained in such
     registration statement and prospectus pertaining solely to such Seller, and
     the Purchaser shall make such corrections thereto as requested by such
     Seller subject to the requirements of the Securities Act, and (C) the
     Purchaser shall notify the applicable Sellers (x) when such registration
     statement or prospectus or any amendment or supplement thereto has been
     filed, and with respect to any such registration statement or
     post-effective amendment, when the same has become effective, and (y) of
     any stop order issued or threatened by the SEC and take all reasonable
     action required to prevent the entry of such stop order or to remove it if
     entered;

          (ii) diligently prepare and file with the SEC such amendments and
     supplements to such registration statement and the prospectus used in
     connection with such registration statement (including all exhibits and
     documents incorporated by reference), and use its best efforts to cause
     each such amendment and supplement to become effective, as may be necessary
     to comply with the provisions of the Securities Act with respect to the
     disposition of all securities covered by such registration statement;

          (iii) as soon as reasonably possible, furnish to the Holders such
     reasonable number of copies of a prospectus, including a preliminary
     prospectus, in conformity with the requirements of the Securities Act, and
     such other documents as they may reasonably request in order to facilitate
     the disposition of Registrable Securities owned by them (in each case
     including all exhibits);

          (iv) use its best efforts to register or qualify the securities
     covered by such registration statement under such other securities or blue
     sky laws of such states and jurisdictions as shall be reasonably requested
     by the Holders and do any and all other acts and things which may be
     reasonably necessary or advisable to enable the Holders to consummate the
     disposition of Registrable Securities in such jurisdiction, except that the
     Purchaser shall not be required in connection therewith or as a condition
     thereto to

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     qualify to do business or file a general consent to service of process in
     any such state or jurisdiction;

          (v)  in the event of any underwritten public offering, enter into and
     perform its obligations under an underwriting agreement, in usual and
     customary form, with the managing underwriter of such offering; PROVIDED,
     HOWEVER, that each Holder participating in such underwriting shall also
     enter into and perform its obligations under such an underwriting
     agreement, including furnishing any opinion of counsel or entering into a
     lock-up agreement reasonably requested by the managing underwriter;

          (vi) notify each Holder of Registrable Securities covered by such
     registration statement, at any time when a prospectus relating thereto
     covered by such registration statement is required to be delivered under
     the Securities Act, of the happening of any event as a result of which the
     prospectus included in such 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 not misleading in the light of the circumstances then
     existing and promptly file such amendments and supplements which may be
     required pursuant to Section 2.3(b) on account of such event and use its
     best efforts to cause each such amendment and supplement to become
     effective;

          (vii) apply for listing and use its best efforts to qualify the
     Registrable Securities being registered for inclusion on the automated
     quotation system of the National Association of Securities Dealers, Inc.
     (the "NASD");

          (viii) use its best efforts to cause the Registrable Securities
     covered by such registration statement to be registered with or approved by
     such other governmental agencies or authorities as may be necessary by
     virtue of the business and operations of the Purchaser to enable the seller
     or sellers of Registrable Securities to consummate the disposition of such
     Registrable Securities;

          (ix) make available for inspection by any seller of Registrable
     Securities, any managing underwriter participating in any disposition
     pursuant to such registration statement, and one counsel selected by the
     Holders all financial and other records, pertinent corporate documents and
     properties of the Purchaser and its subsidiaries as shall be reasonably
     necessary to enable them to exercise their due diligence responsibility,
     and cause the Purchaser's and its subsidiaries', officers, directors and
     employees, and the independent public accountants of the Purchaser, to
     supply all information reasonably requested in connection with such
     registration statement;

          (x)  otherwise use its best efforts to comply with all applicable
     rules and regulations of the SEC;

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          (xi) cooperate with each seller of Registrable Securities and each
     underwriter participating in the disposition of such Registrable Securities
     and their respective counsel in connection with any filings required to be
     made with any securities exchange or the NASD;

          (xii) furnish to the Holders of Registrable Securities included in
     such registration statement a copy (with the original thereof to be
     delivered to the one counsel selected by the Holders), (A) an opinion of
     counsel to the Purchaser, dated the effective date of the registration
     statement (or if such registration includes an underwritten offering, dated
     the date of the closing under the underwriting agreement), reasonably
     satisfactory to counsel for the Holders, and (B) a "comfort letter" signed
     by the independent public accountants of the Purchaser who have certified
     the Purchaser's financial statements included in such registration
     statement, such letter to be dated the effective date of the registration
     statement (or if such registration includes an underwritten offering, dated
     the date of the closing under the underwriting agreement),

          (xii) use best efforts to take all other steps necessary to effect the
     registration of the Registrable Securities contemplated hereby.

          (e)  FURNISH INFORMATION. It shall be a condition precedent to the
obligations of the Purchaser to take any action pursuant to this Section 2 in
respect of the Registrable Securities of any selling Holder that such selling
Holder shall furnish to the Purchaser such information regarding itself, the
Registrable Securities held by it, and the intended method of disposition of
such Registrable Securities as shall be required to effect the registration of
such Registrable Securities. The Purchaser shall have no responsibility, to the
extent such Holder fails to provide such information in a timely manner, and if
the Purchaser determines it appropriate, the Purchaser may delay the filing of
any such registration statement until the Holder provides such information.

          (f)  EXPENSES OF REGISTRATION. The Purchaser shall bear all expenses
("Registration Expenses") relating to Registrable Securities incurred in
connection with each registration, filing or qualification pursuant to this
Section 2, including, without limitation, all registration, filing, exchange or
NASD listing fees, qualification and other fees and expenses of complying with
securities or blue sky laws, printing and accounting fees, fees and
disbursements of counsel for the Purchaser and other fees and disbursements of
underwriters customarily paid by issuers or sellers of securities, except that
(i) the Purchaser shall not be required to bear the expenses of counsel for the
Sellers and (ii) if the Registrable Securities shall be registered pursuant to
an underwritten public offering, then the Holders shall bear the commissions
payable to the underwriter with respect to the sales of the Registrable
Securities sold by the underwriter on behalf of such Holders.

          (g)  PERIODIC REPORTING UNDER THE EXCHANGE ACT. The Purchaser
covenants that it shall (i) file any reports required to be filed by it under
the Exchange Act and the rules and

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regulations adopted by the SEC thereunder; and (ii) take such further action as
each Holder of Registrable Securities may reasonably request (including
providing any information necessary to comply with Rules 144 under the
Securities Act), all to the extent required from time to time to enable such
Holder to sell Registrable Securities without registration under the Securities
Act within the limitation of Rule 144 under the Securities Act, as such rule may
be amended from time to time, or any similar rules or regulations hereafter
adopted by the SEC.

          (h)  UNDERWRITING REQUIREMENTS. In connection with any offering
involving an underwriting of securities being issued by the Purchaser, the
Purchaser shall not be required to include any of the Holders' securities in
such underwriting unless such Holders accept the terms of the underwriting as
agreed upon between the Purchaser and the underwriters selected by it, and then
only in such quantity, if any, as will not, in the opinion of the underwriters,
jeopardize the success of the offering by the Purchaser. If the managing
underwriter for the offering shall advise the Purchaser and the Holders in
writing that the total amount of securities, including Registrable Securities
requested to be included in such offering exceeds the amount of securities to be
sold other than by the Purchaser that can be successfully offered without a
material reduction in the selling price anticipated to be received for the
securities to be sold in such offering or without adversely affecting the
proceeds from the sale of securities by the Purchaser, then the Purchaser shall
only be required to include in the offering:

               (i)  first, all securities the Purchaser proposes to sell; and

               (ii) second, the number of securities in excess of those the
          Purchaser proposes to sell which in the opinion of such managing
          underwriter can be sold, which number shall be allocated pro rata
          among the Holders and the other stockholders of the Purchaser who have
          requested shares of Common Stock to be included therein based on the
          number of shares so requested to be included by such Holder in the
          registration statement; PROVIDED, HOWEVER, that the number of
          Registrable Securities of each Holder to be included therein shall be
          allocated among the Holders in their sole discretion, as notified to
          the Purchaser and the underwriter prior to the filing of the
          registration statement; and PROVIDED FURTHER, in the event that
          affiliates (as such term is interpreted under the Securities Act) of
          the Company request that the Purchaser include their shares of the
          Purchaser's Common Stock in such registration statement and in the
          event that the circumstances described in this Section 2(h) apply, the
          number of shares of the Holders other than such affiliates and the
          number of shares of such affiliates to be included in such
          registration statement shall be adjusted on a PRO RATA basis; and
          PROVIDED FURTHER, that in no event shall the Company include in such
          registration statement more than 300,000 shares of the Common Stock of
          the Purchaser beneficially owned by such affiliates.

          3.   INDEMNIFICATION. In the event any Registrable Securities are
included in a registration statement under Section 2:

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          (a)  The Purchaser will indemnify and hold harmless each Holder, the
officers, directors, partners, agents and employees of each Holder, any
underwriter (as defined in the Securities Act) for such Holder and each person,
if any, who controls such Holder or underwriter within the meaning of the
Securities Act or the Exchange Act (collectively, the "Holder Indemnitees"),
against any losses, claims, damages or liabilities (joint or several) to which
any Holder Indemnitee may become subject under the Securities Act, the Exchange
Act, insofar as such losses, claims, damages or liabilities (or actions or
proceedings in respect thereto) arise out of or are based upon any Violation.
The Purchaser will reimburse each Holder Indemnitee for any legal or other
expenses reasonably incurred by such Holder Indemnitee in connection with
investigating or defending any such loss, claim, damage, liability, action or
proceeding. The indemnity agreement contained in this Section 3(a) shall not
apply to amounts paid in settlement of any loss, claim, damage, liability or
action if such settlement is effected without the consent of the Purchaser
(which consent shall not be unreasonably withheld), nor shall the Purchaser be
liable to any Holder Indemnitee in any such case for any such loss, claim,
damage, liability, action or proceeding (i) to the extent that it arises out of
or is based upon a Violation which occurs in reliance upon and in conformity
with written information furnished expressly for use in connection with such
registration by or on behalf of such Holder Indemnitee; PROVIDED, HOWEVER, that
the Purchaser shall not be required to indemnify any Holder for information
supplied by another Holder, or (ii) in the case of a sale directly by a Holder
of Registrable Securities (including a sale of such Registrable Securities
through any underwriter retained by such Holder engaging in a distribution
solely on behalf of such Holder), such untrue statement or alleged untrue
statement or omission or alleged omission was contained in a preliminary
prospectus and corrected in a final or amended prospectus, and such Holder
failed to deliver a copy of the final or amended prospectus at or prior to the
confirmation of the sale of the Registrable Securities to the Person asserting
any such loss, claim, damage or liability in any case in which such delivery is
required by the Securities Act.

          (b)  Each Holder which includes any Registrable Securities in any
registration statement (i) will indemnify and hold harmless the Purchaser, each
of its directors, each of its officers who have signed the registration
statement, each person, if any, who controls the Purchaser within the meaning of
the Securities Act, each agent and any underwriter for the Purchaser, and any
other Holder or other stockholder selling securities in such registration
statement or any of its directors, officers, partners, agents or employees or
any Person who controls such Holder or such other stockholder or such
underwriter (collectively, the "Purchaser Indemnitees"), against any losses,
claims, damages or liabilities (joint or several) to which any Purchaser
Indemnitee may become subject under the Securities Act, the Exchange Act,
insofar as such losses, claims, damages or liabilities (or actions or
proceedings in respect thereto) arise out of or are based upon any Violation, in
each case to the extent (and only to the extent) that such Violation occurs in
reliance upon and in conformity with written information furnished by or on
behalf of such Holder expressly for use in connection with such registration and
(ii) will reimburse any legal or other expenses reasonably incurred by any
Purchaser Indemnitee in connection with investigating or defending any such
loss, claim, damage, liability, action or

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proceeding; PROVIDED, HOWEVER, that the liability of any Holder hereunder shall
be limited to the amount of net proceeds (after deduction of all underwriters'
discounts and commissions paid by such Holder in connection with the
registration in question) received by such Holder in the offering giving rise to
the Violation; and PROVIDED, FURTHER, that the indemnity agreement contained in
this Section 3(b) shall not apply to amounts paid in settlement of any such
loss, claim, damage, liability or action if such settlement is effected without
the consent of such Holder (which consent shall not be unreasonably withheld)
nor, in the case of a sale directly by the Purchaser of its securities
(including a sale of such securities through any underwriter retained by the
Purchaser to engage in a distribution solely on behalf of the Purchaser), shall
such Holder be liable to the Purchaser in any case in which such untrue
statement or alleged untrue statement or omission or alleged omission was
contained in a preliminary prospectus and corrected in a final or amended
prospectus, and the Purchaser failed to deliver a copy of the final or amended
prospectus at or prior to the confirmation of the sale of the securities to the
Person asserting any such loss, claim, damage or liability in any case in which
such delivery is required by the Securities Act.

          (c)  Promptly after receipt by any Indemnitee under this Section 3 of
notice of the commencement of any action (including any governmental action),
such Indemnitee will, if a claim in respect thereof is to be made against any
indemnifying party under this Section 3, 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 similarly noticed, to assume
and control the defense thereof with counsel mutually satisfactory to the
parties; PROVIDED, HOWEVER, that such Indemnitee shall have the right to retain
its own counsel, with the fees and expenses to be paid by the indemnifying
party, if representation of such Indemnitee by the counsel retained by the
indemnifying party would be inappropriate due to actual or potential differing
interests, as reasonably determined by either party, between such Indemnitee and
any other party represented by such counsel in such proceeding. The failure to
deliver written notice to the indemnifying party within a reasonable time of the
commencement of any such action, if prejudicial to its ability to defend such
action, shall relieve such indemnifying party of any liability to the Indemnitee
under this Section 3 only to the extent of such prejudice, but the omission so
to deliver written notice to the indemnifying party will not relieve it of any
liability that it may have to such Indemnitee otherwise than under this Section.

          (d)  The obligations of the Purchaser and the Holders under this
Section 3 shall survive the completion of any offering of Registrable Securities
in a registration statement whether under Section 2 or otherwise. The
obligations of the Purchaser and the Holders under this Section 3 shall be
outside of the limitations and requirements set forth in Article X of the
Purchase Agreement, and any amounts owing by the indemnifying party pursuant to
this Section 3 shall be not subject to the Deductible or the maximum liability
set forth in such Article X.

          (e)  If the indemnification provided for in this Section 3 is
unavailable to a party that would have been an Indemnitee under this Section 3
in respect of any losses, claims,

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damages or liabilities (or actions or proceedings in respect thereof) referred
to herein, then each party that would have been an indemnifying party hereunder
shall, in lieu of indemnifying such Indemnitee, contribute to the amount paid or
payable by such indemnified party as a result of such losses, claims, damages or
liabilities (or actions or proceedings in respect thereof) in such proportion as
is appropriate to reflect the relative fault of such indemnifying party, on the
one hand, and such Indemnitee, on the other hand, in connection with the
Violation which resulted in such losses, claims, damages or liabilities (or
actions or proceedings in respect thereof). The relative fault shall be
determined by reference to, among other things, whether the Violation relates to
information supplied by such indemnifying party or such Indemnitee and the
parties' relative intent, knowledge, access to information and opportunity to
correct or prevent such Violation. The parties agree that it would not be just
and equitable if contribution pursuant to this Section 3(e) were determined by
pro rata allocation or by any other method of allocation which does not take
account of the equitable considerations referred to in the preceding sentence.
The amount paid or payable by a contributing party as a result of the losses,
claims, damages or liabilities (or actions or proceedings in respect thereof)
referred to above in this Section 3(e) shall include any legal or other expenses
reasonably incurred by such Indemnitee in connection with investigating or
defending any such action or claim. No Person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any Person who was not guilty of such
fraudulent misrepresentation. The liability of any Holder of Registrable
Securities in respect of any contribution obligation of such Holder (after
deduction of all underwriters' discounts and commissions paid by such Holder in
connection with the registration in question) arising under this Section 3(e)
shall not in any event exceed an amount equal to the net proceeds to such Holder
from the disposition of the Registrable Securities disposed of by such Holder
pursuant to such registration.

          4.   NOTICES. Any notices or other communications required or
permitted hereunder shall be sufficiently given if in writing and delivered in
Person, transmitted by facsimile transmission (fax) or sent by registered or
certified mail (return receipt requested) or recognized overnight delivery
service, postage pre-paid, addressed as follows, or to such other address has
such party may notify to the other parties in writing:

          (i)  if to the Purchaser:

               CellPoint Inc.
               Sofielundsvagen 4
               Sollentuna S 191 47
               Sweden
               Facsimile:   468-544-90005
               Attention: Peter Henricsson

               with a copy to:

               Salans Hertzfeld Heilbronn Christy & Viener

                                      -11-
<PAGE>

               620 Fifth Avenue
               New York, New York 10020
               Attn: Steven R. Berger, Esq.
               Telephone:  212-632-5500
               Facsimile:    212-307-3308 or 212-632-5555

          (ii) if to the Sellers:

               To their respective addresses set forth
               on the signature page hereof

               with a copy to:

               Clifford Chance Limited Liability Partnership
               200 Aldersgate Street

               London EC1A 4JJ
               United Kingdom

               Attention:  Olof Clausson, Esq.
               Facsimile:  44-171-600-5555

A notice or communication will be effective (i) if delivered by hand or by
overnight courier, on the business day it is delivered, (ii) if transmitted by
facsimile, on the business day of actual confirmed receipt by the addressee
thereof, and (iii) if sent by registered or certified mail, upon receipt.

          5.   BINDING EFFECT; GOVERNING LAW.

          (a)  This Agreement shall be binding upon, and inure to the benefit
of, the parties and their respective personal representatives, successors and
permitted assigns.

          (b)  This Agreement shall be governed by, and construed in accordance
with, the laws of the State of New York, without regard to principles of
conflict of laws.

          6.   COURSE OF DEALING; AMENDMENTS, WAIVERS AND CONSENTS. No course of
dealing between the parties shall operate as a waiver of any party's rights
under this Agreement. Each party acknowledges that if any party, without being
required to do so by this Agreement, gives any notice or information to, or
obtains any consent from, the other party, such party shall not by implication
have amended, waived or modified any provision of this Agreement, or created any
duty to give any such notice or information or to obtain any such consent on any
future occasion. No delay or omission on the part of any party in exercising any
right under this Agreement shall operate as a waiver of such right or any other
right hereunder or thereunder. A waiver on any one occasion shall not be
construed as a bar to or waiver of any right or remedy on any future occasion.
No amendment, waiver or consent with respect to this Agreement shall be

                                      -12-
<PAGE>

binding unless it is in writing and signed by each of the Purchaser and the
holders of a majority of the Registrable Securities then outstanding.

          7.   MISCELLANEOUS.

          (a)  This Agreement may be amended only by a written agreement, signed
by all the parties hereto.

          (b)  If any provision of this Agreement shall be found by any court of
competent jurisdiction to be invalid or unenforceable, the parties hereby waive
such provision to the extent that it is found to be invalid or unenforceable.
Such provision shall, to the maximum extent allowable by law, be modified by
such court so that it becomes enforceable, and, as modified, shall be enforced
as any other provision hereof, all the other provisions hereof continuing in
full force and effect.

          (c)  This Agreement shall be governed and construed in accordance with
the laws of the State of New York.

          (d)  This Agreement shall be binding upon and shall inure for the
benefit of the parties hereto and there respective successors and assigns.

          (e)  This Agreement may be executed in any number of counterparts,
each of which shall be deemed an original but all of which together shall
constitute only one Agreement.

          (f)  The headings contained in this Agreement are for reference
purposes only and shall not in any way affect the meaning or interpretation
hereof.

          (g)  This Agreement constitutes the entire understanding of the
parties with respect to the subject matter hereof and supersedes any and all
prior understandings and agreements, whether written or oral, with respect to
such subject matter.

                                      -13-
<PAGE>

          IN WITNESS WHEREOF, the Purchaser and the Sellers have caused this
Agreement to be executed effective as of the date first above written.

THE PURCHASER:

                                           CELLPOINT INC.

                                          By: /s/ PETER HENRICSSON
                                              ------------------------------
                                              Peter Henricsson
                                              President

THE SELLERS:

Address:                                  PROCURITAS INVESTMENT PARTNERS
Skeppsbron20                              (PIP) BV
111 30 Stockholm
Sweden                                    By  /s/ MATS HUGOSON
                                              ------------------------------
                                              Name: Mats Hugoson

Address:                                  NORRA BROFASTET I SUNDSVALL AB
Karlavagen 50
1114 49 Stockholm
Sweden                                    By  /s/ PER BORJESSON
                                              ------------------------------
                                              Name: Per Borjesson

Address:                                  ERASMUS MANAGEMENT AB
Sabelgatan 6
254 67 Helsingborg
Sweden                                    By  /s/ MIKAEL SOLBERG
                                              ------------------------------
                                              Name: Mikael Solberg

Address:                                  FORETAGSPARTNER IBP INVEST AB
Karlavagen 50
114 49 Stockholm
Sweden                                    By  /s/ PER BORJESSON
                                              ------------------------------
                                              Name: Per Borjesson

                                      -14-
<PAGE>

Address:                                  KARL STOCKMAN AB
Norra Klaragatan 15
653 40 Karlstad
Sweden                                    By  /s/ PER LUNDBERG
                                              ------------------------------
                                              Name: Per Lundberg

Address:                                  LEDSTIERNAN INVESTMENT LTD.
c/o CBS, Rue Du Criblet 9
C.P. 210, CH-1701 Fribourg
Switzerland                               By  /s/ PER LUNDBERG
                                              ------------------------------
                                              Name: Per Lundberg

Address:                                  THOMAS ROSEN
Rosendalsterassen 9
115 21 Stockholm
Sweden                                    By  /s/ PER LUNDBERG
                                              ------------------------------
                                              Name: Per Lundberg

Address:                                  LEDSTIERNAN KAPITALFORVALTNING AB
Birger Jarlsgatan 14
114 34 Stockholm
Sweden                                    By  /s/ PER LUNDBERG
                                              ------------------------------
                                              Name: Per Lundberg

Address:                                  LEDSTIERNAN BUSINESS DEVELOPMENT LTD
Kevingestrand 35
182 57 Danderyd
Sweden                                    By  /s/ PER LUNDBERG
                                              ------------------------------
                                              Name: Per Lundberg

                                      -15-
<PAGE>

Address:                                  LEDSTIERNAN B.V.
Box 75215
1070AE Amsterdam
Holland                                   By  /s/ PER LUNDBERG
                                              ------------------------------
                                              Name: Per Lundberg

Address:                                  AB BASEN
Normasgard
139 50 Varmdo
Sweden                                    By  /s/ PER LUNDBERG
                                              ------------------------------
                                              Name: Per Lundberg

Address:
9 Skeppargatan 80 2 lr
114 59 Stockholm
Sweden                                    By  /s/ PER LUNDBERG
                                              ------------------------------
                                              PER LUNDBERG

Address:                                  JAKOB LUNDBERG
Hornsgatan 80
118 21 Stockholm
Sweden                                    By  /s/ PER LUNDBERG
                                              ------------------------------
                                              Attorney-in-fact

Address:                                  ANNA DAHLIN
Vasavagen 20
133 38 Stockholm
Sweden                                    By  /s/ PER LUNDBERG
                                              ------------------------------
                                              Attorney-in-fact

Address:                                  SARA LUNDBERG
Tavastgatan 48
118 24 Stockholm
Sweden                                    By  /s/ PER LUNDBERG
                                              ------------------------------
                                              Attorney-in-fact

Address:                                  KRISTER STROMBOM
Eknasvagen 37
132 44 Saltsjo Boo
Sweden                                    By  /s/ PER LUNDBERG
                                              ------------------------------
                                              Attorney-in-fact

                                      -16-
<PAGE>

Address:
Fasanvagen 28
192 55 Sollentuna
Sweden                                    By  /s/ PER JUNDIN
                                              ------------------------------
                                              PER JUNDIN

Address:                                  PETER JUNDIN
Fasanvagen 28
192 55 Sollentuna
Sweden                                    By  /s/ PER JUNDIN
                                              ------------------------------
                                              Attorney-in-fact

Address:                                  CHRISTOPHER JUNDIN
Fasanvagen 28
192 55 Sollentuna
Sweden                                    By  /s/ PER JUNDIN
                                              ------------------------------
                                              Attorney-in-fact

Address:                                  KENT JOHANSSON
Lotsjovagen 73
174 52 Sundbyberg
Sweden                                    By  /s/ PER JUNDIN
                                              ------------------------------
                                              Attorney-in-fact

Address:                                  UNIUM AB
Lotsgatan 4
374 35 Karlshamn
Sweden                                    By  /s/ MICHAEL WALLON
                                              ------------------------------
                                              Name:  Michael Wallon

                                      -17-
<PAGE>

Address:
Soldatvagen 12c
192 73 Sollentuna
Sweden                                    By  /s/ MICHAEL WALLON
                                              ------------------------------
                                              MICHAEL WALLON

Address:                                  THOMAS HOGLUND
Lotsgatan 4
374 35 Karlshamn
Sweden
                                          By  /s/ MICHAEL WALLON
                                              ------------------------------
                                              MICHAEL WALLON

                                              KAJ GELLBERG
Address:
Eriksfaltsgatan 31
214 55 Malmo
Sweden                                    By  /s/ MICHAEL WALLON
                                              ------------------------------
                                              Attorney-in-fact

Address:                                  ORJAN SODERBERG
Kungsladugardsgatan 14b
414 69 Goteborg
Sweden                                    By  /s/ MICHAEL WALLON
                                              ------------------------------
                                              Attorney-in-fact

Address:                                  BERTIL SODERBERG
Rogestavagen 3
139 36 Varmdo
Sweden                                    By  /s/ MICHAEL WALLON
                                              ------------------------------
                                              Attorney-in-fact

Address:                                  LYKKE OLESEN
Granvagen 4
130 40 Djurhamn
Sweden                                    By  /s/ MICHAEL WALLON
                                              ------------------------------
                                              Attorney-in-fact

Address:                                  KERSTIN OLESEN
Granvagen 4
130 40 Djurhamn
Sweden                                    By  /s/ MICHAEL WALLON
                                              ------------------------------
                                              Attorney-in-fact

                                   -18-
<PAGE>

Address:                                  MATS LJUNG
Venusvagen 10
132 44 Saltsjo Boo
Sweden                                    By  /s/ MICHAEL WALLON
                                              ------------------------------
                                              Attorney-in-fact

Address:                                  ROGER CARLSSON
Rodkhakevagen 55
147 70 Grodinge
Sweden                                    By  /s/ MICHAEL WALLON
                                              ------------------------------
                                              Attorney-in-fact

Address:                                  OLOF STENHAMMAR
Normasgard
139 50 Varmdo
Sweden                                    By  /s/ PER LUNDBERG
                                              ------------------------------
                                              Attorney-in-fact

                                      -19-<PAGE>

                                                                    Exhibit 10.3

                                ESCROW AGREEMENT

          ESCROW AGREEMENT, dated as of February 29, 2000, by and among the
stockholders of Unwire AB (publ), org. no. 556522-7617, a corporation
organized under the laws of Sweden (the "Company") listed on Schedule I
attached hereto (each a "Seller", and collectively, the "Sellers"), CELLPOINT
INC., a corporation organized under the laws of the State of Nevada
("CellPoint"), CELLPOINT SWEDISH HOLDINGS LTD., a corporation organized under
the laws of England and Wales and a wholly-owned subsidiary of CellPoint (the
"Purchaser Sub"; CellPoint and the Purchaser Sub are hereinafter collectively
referred to as the "Purchaser"), SALANS HERTZFELD HEILBRONN CHRISTY & VIENER,
as Escrow Agent (the "Escrow Agent"), U.S. STOCK TRANSFER CORPORATION, as
depositary (the "Depositary"), and PER LUNDBERG, as Sellers' Agent.

                                   WITNESSETH:

          WHEREAS, the Sellers, CellPoint and Purchaser Sub have entered into a
certain Purchase and Sale Agreement, dated as of February 16, 2000 (as amended
and in effect from time to time, the "Purchase Agreement"), pursuant to which
(i) the Purchaser purchased from the Sellers all of the issued and outstanding
equity securities and securities convertible into or exercisable for the equity
securities of the Company, and (ii) the Purchaser is issuing to the Sellers, as
consideration for such purchase, an aggregate of 1,075,000 shares (the
"CellPoint Shares") of the Common Stock, par value $0.001 per share (the "Common
Stock") of the Purchaser;

          WHEREAS, pursuant to the terms of the Purchase Agreement, the
Purchaser and the Sellers desire to enter into this Agreement in consideration
for their respective obligations thereunder;

          WHEREAS, the Purchaser and the Sellers wish to deposit into escrow
shares of Common Stock of CellPoint in order to facilitate any payments that the
Sellers or the Purchaser may be required to make in the event that an
indemnification obligation is imposed under Article X of the Purchase Agreement;

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

          1.   DEFINED TERMS. All capitalized terms used herein and not
otherwise defined herein shall have the same respective meanings set forth in
the Purchase Agreement.

          2.   ACCEPTANCE OF DUTIES. The Sellers and the Purchaser hereby
appoint and designate the Escrow Agent to receive, hold and dispose of, the
Escrow Shares (as hereinafter

                                      -1-
<PAGE>

defined) and all proceeds thereof in accordance with the terms, conditions and
provisions of this Agreement. The Escrow Agent hereby agrees to act as Escrow
Agent and to receive, hold and dispose of the Escrow Shares, in accordance with
the terms of this Agreement, PROVIDED, HOWEVER, that the Escrow Agent shall have
no duties hereunder unless and until the Escrow Agent receives the Escrow Shares
pursuant to Section 3 hereof; and PROVIDED FURTHER, that the Escrow Agent may
appoint the Depositary to hold the Escrow Shares on its behalf pursuant to this
Agreement.

          3.   DELIVERY OF ESCROW SHARES. On the Closing Date:

               (a)  CellPoint shall deliver or cause to be delivered to the
          Escrow Agent, to be held by the Escrow Agent pursuant to, and in
          accordance with, Article X of the Purchase Agreement and this
          Escrow Agreement, stock certificates evidencing 53,738 CellPoint
          Shares (constituting approximately 5% of the aggregate CellPoint
          Shares to be issued to the Sellers under the Purchase Agreement;
          the "Seller Escrow Shares"). The Seller Escrow Shares shall be held
          in escrow pending determination of any indemnification obligations
          of the Sellers pursuant to Article X of the Purchase Agreement. The
          Sellers and the Purchaser hereby agree that such deposit of the
          Seller Escrow Shares satisfies the requirements of Section
          2.03(b)(ii)(A) of the Purchase Agreement.

               (b)  CellPoint shall deliver an instruction letter (the "Share
          Reserve Letter") to the Depositary, in its capacity as the stock
          transfer agent for CellPoint, directing the transfer agent to
          reserve for issuance out of CellPoint's authorized but unissued
          shares of CellPoint Common Stock, 53,750 shares of CellPoint Common
          Stock, which are to be issued by the transfer agent upon receipt of
          instructions of the Escrow Agent in accordance with this Agreement,
          upon determination of any indemnification obligations of the
          Purchaser pursuant to Article X of the Purchase Agreement (the
          "Purchaser Escrow Shares"). The Sellers and the Purchaser hereby
          agree that the delivery of the Share Reserve Letter, and the
          transfer agent's acknowledged receipt thereof, satisfies the
          requirements of Section 2.03(b)(ii)(B) of the Purchase Agreement.

The Seller Escrow Shares and the Purchaser Escrow Shares are collectively
referred to as the "Escrow Shares". The share certificates evidencing the Seller
Escrow Shares deposited in escrow with the Escrow Agent shall be accompanied by
duly endorsed stock powers which are also to be held in escrow. The Sellers, the
Purchaser and the Escrow Agent hereby agree that the Escrow Agent shall cause
the Depositary to hold the Escrow Shares in the name and on behalf of the Escrow
Agent, and the Depositary shall distribute or issue such Escrow Shares, as the
case may be, only upon the instructions of the Escrow Agent in accordance with
this Agreement. Upon receipt of the Seller Escrow Shares and the Share Reserve
Letter, the Escrow Agent and the Depositary shall acknowledge receipt thereof by
delivery of a written acknowledgment thereof to the Sellers and the Purchaser.
The Escrow Shares shall not be subject to lien or attachment by any creditor of
any party hereto and shall be used solely for the purpose set forth in this

                                      -2-
<PAGE>

Agreement. The Escrow Shares shall not be available to, and shall not be used
by, the Escrow Agent or the Depositary to set off any obligations of either the
Purchaser or the Sellers owing to the Escrow Agent or the Depositary in any
capacity.

          4.   TERMS AND CONDITIONS OF ESCROW.

               (a)  DISTRIBUTION OF SELLER ESCROW SHARES. The Escrow Agent shall
          distribute the Seller Escrow Shares in accordance with the following
          procedures:

                    (i)  If on the date which is one day after the twelve-month
               anniversary of the Closing Date (the "Escrow Release Date"), (A)
               the Escrow Agent and the Sellers shall not have received any
               notice from the Purchaser pursuant to Section 10.02 (a "Claim
               Notice") (a) of the Purchase Agreement of a claim by the
               Purchaser for indemnification under Section 10.01(a) of the
               Purchase Agreement that is unresolved, then the Sellers' Agent
               (hereinafter defined) may direct the Escrow Agent to distribute
               to the Sellers as the Sellers' Agent directs, any Seller Escrow
               Shares that are still held in escrow, or (B) a Claim Notice shall
               have been received and is unresolved, then the Sellers' Agent may
               direct the Escrow Agent to distribute such number of Seller
               Escrow Shares that are not necessary to resolve the claim
               described in the Claim Notice, assuming that all allegations set
               forth in such Claim Notice were true and correct in all respects.

                    (ii) If, prior to the Escrow Release Date, the Escrow Agent
               and the Sellers' Agent shall have received from the Purchaser a
               Claim Notice requesting indemnification under Section 10.01(a) of
               the Purchase Agreement:

                         (A) if the Sellers' Agent shall not have delivered to
                    the Purchaser and the Escrow Agent a timely Dispute Notice
                    in accordance with Section 10.02(b) of the Purchase
                    Agreement, the Escrow Agent shall deliver to the Purchaser
                    such number of Seller Escrow Shares as shall equal the
                    amount of the claim set forth in the Claim Notice divided by
                    the Agreed Value, rounded upwards to the nearest whole
                    number;

                         (B) if the Sellers' Agent shall have delivered to the
                    Purchaser and the Escrow Agent a timely Dispute Notice in
                    accordance with Section 10.02(b) of the Purchase Agreement,
                    the Escrow Agent shall continue to hold such number of
                    Seller Escrow Shares necessary to resolve such claim
                    described in the Claim

                                      -3-
<PAGE>

                    Notice, assuming all allegations set forth in such Claim
                    Notice were true and correct in all respects; and

                         (C) after a Claim Notice and a Dispute Notice have been
                    received by the Escrow Agent, the Escrow Agent shall
                    continue to hold such number of Seller Escrow Shares as set
                    forth above until such time as the dispute is resolved in
                    accordance with the terms of the Purchase Agreement and the
                    Escrow Agent receives a subsequent notice executed by the
                    Sellers' Agent and the Purchaser setting forth the
                    directions for the disposition of the Seller Escrow Shares.

                    (iii) Prior to any distribution of the Seller Escrow Shares
               pursuant to clauses (i) or (ii) of this Section 4(a), the Escrow
               Agent may, in its discretion, give notice to the Sellers' Agent
               and the Purchaser of such intended distribution, setting forth
               the number of Seller Escrow Shares to be distributed and the
               intended recipient of such Seller Escrow Shares.

                    (iv) If the Sellers' Agent and the Purchaser shall not have
               submitted any pending dispute to arbitration and have otherwise
               made conflicting demands on the Escrow Agent, the Escrow Agent
               may, upon 10 days' prior written notice to the Sellers' Agent and
               the Purchaser, demand that the Sellers' Agent and the Purchaser
               submit to arbitration with the Arbitration Institute of the
               Stockholm Chamber of Commerce for determination of the
               appropriate disposition of the Seller Escrow Shares. Such dispute
               shall be exclusively and finally settled by arbitration in
               accordance with the Swedish law and the Rules of the Arbitration
               Institute of the Stockholm Chamber of Commerce. The arbitral
               tribunal shall be composed of three arbitrators. The place of
               arbitration shall be Stockholm, Sweden. The arbitration
               procedures shall be held in the English language. Upon such
               determination by the Stockholm Chamber of Commerce, the Escrow
               Agent shall cause the Depositary to dispose of the Seller Escrow
               Shares in accordance with the final decision of such arbitral
               body.

                    (v)  Notwithstanding the foregoing, the Sellers' Agent may,
               subject to the requirements of applicable law (including, without
               limitation, the Securities Act), direct the Escrow Agent to sell
               the Seller Escrow Shares, if, and only if, the proceeds of such
               sale are simultaneously deposited in escrow with an
               internationally recognized commercial bank, subject to the terms
               and conditions of this Agreement and Article X of the Purchase
               Agreement.

                                      -4-
<PAGE>

          (b)  ISSUANCE OF PURCHASER ESCROW SHARES. The Escrow Agent shall
     instruct the Depositary, in its capacity as transfer agent for CellPoint,
     to issue the Purchaser Escrow Shares in the following circumstances:

               (i)  If, on the Escrow Release Date, (A) the Escrow Agent and the
          Purchaser shall not have received a Claim Notice from the Sellers'
          Agent pursuant to Section 10.02(b) of the Purchase Agreement of a
          claim by the Sellers for indemnification under Section 10.01(b) of the
          Purchase Agreement that is unresolved, then the Share Reserve Letter
          shall terminate, or (B) a Claim Notice shall have been received and is
          unresolved, then the number of Purchaser Escrow Shares reserved for
          issuance pursuant to the Share Reserve Letter shall be reduced to the
          extent that Purchaser Escrow Shares are not necessary for the
          resolution of such dispute, assuming that the allegations set forth in
          such Claim Notice were true and correct in all respects. In either
          event, the Depositary is hereby authorized and directed to cancel, to
          such extent, the reserve of the Purchaser Escrow Shares out of the
          authorized but unissued shares of CellPoint Common Stock.

               (ii) If, prior to the Escrow Release Date, the Escrow Agent and
          the Purchaser shall have received a Claim Notice from the Sellers'
          Agent for indemnification under Section 10.01(b) of the Purchase
          Agreement:

                    (A) if the Purchaser shall not have delivered to the
               Sellers' Agent and the Escrow Agent a timely Dispute Notice in
               accordance with Section 10.02(b) of the Purchase Agreement, the
               Escrow Agent shall so notify the Depositary (with a copy to the
               Purchaser), and the Depositary shall issue and deliver such
               number of Purchaser Escrow Shares to the Sellers as shall equal
               the amount of the claim in the Claim Notice divided by the Agreed
               Value, rounded upwards to the nearest whole number; CellPoint's
               execution and delivery of this Agreement shall constitute its
               authorization and instruction for the issuance of such Purchaser
               Escrow Shares in the circumstances described herein;

                    (B)  if the Purchaser shall have delivered to the Sellers'
               Agent and the Escrow Agent a timely Dispute Notice in accordance
               with Section 10.02(b) of the Purchase Agreement, the Depositary
               shall continue to maintain the reserve for the issuance of the
               Purchaser Escrow Shares in accordance with the Share Reserve
               Letter to the extent necessary to resolve such claim as if all
               allegations set forth in such Claim Notice were true and correct
               in all respects; and

                                      -5-
<PAGE>

                    (C)  after a Claim Notice and a Dispute Notice have been
               received by the Escrow Agent, the Depositary shall not issue any
               Purchaser Escrow Shares nor shall the number of Purchaser Escrow
               Shares reserved for issuance pursuant to the Share Reserve Letter
               be reduced except pursuant to Section 4(b)(i)(B) until such time
               as the Escrow Agent and the Depositary receive a subsequent
               notice executed by the Sellers' Agent and the Purchaser setting
               forth the directions for the issuance, if any, of the Purchaser
               Escrow Shares, or cancellation of the Share Reserve Letter, as
               the case may be.

               (iii) The Sellers, the Purchaser, the Escrow Agent and the
          Depositary hereby acknowledge and agree that no Purchaser Escrow
          Shares shall be deemed to be issued and outstanding because the
          Purchaser shall have delivered to the Depositary the Share Reserve
          Letter, and that such Purchaser Escrow Shares shall only be issued and
          outstanding upon the issuance of the Purchaser Escrow Shares in
          accordance with this Agreement.

     5.   TERMINATION This Escrow Agreement shall terminate upon:

          (a)  the distribution of all of the Seller Escrow Shares; and

          (b)  the issuance of all of the Purchaser Escrow Shares or the number
     of Purchaser Escrow Shares reserved for issuance pursuant to the Share
     Reserve Letter has been reduced to zero, whether by issuance or otherwise,
     or a combination thereof for the total number of Purchaser Escrow Shares.

The Sellers' Agent and the Purchaser may, by written consent, however, otherwise
terminate this Escrow Agreement, upon delivery of such written instruction to
the Escrow Agent and the Depositary, accompanied by a complete release of the
Escrow Agent and the Depositary.

     6.   CONCERNING THE ESCROW AGENT AND THE DEPOSITARY.

          Each of the Sellers and the Purchaser agrees that the Escrow Agent and
     the Depositary are acting hereunder solely on behalf of the Sellers and the
     Purchaser. The acceptance by the Escrow Agent and the Depositary of their
     respective duties under this Agreement are subject to the following terms
     and conditions which govern and control with respect to their respect
     rights, duties, liabilities and immunities:

          (a)  The duties and obligations of the Escrow Agent and the Depositary
     shall be determined solely by the applicable provisions of this Agreement.
     Neither the Escrow Agent nor the Depositary shall be liable to any person
     or entity except for the performance of such duties and obligations
     applicable to it as

                                      -6-
<PAGE>

     are specifically set forth in this Agreement. This Agreement expressly sets
     forth all duties of the Escrow Agent and the Depositary with respect to any
     and all matters pertinent thereto. No implied duties or obligations shall
     be read into this Agreement against either the Escrow Agent or the
     Depositary, and neither the Escrow Agent nor the Depositary shall be bound
     to the provisions of any agreement among the other parties hereto except
     this Agreement.

          (b)  Neither the Escrow Agent nor the Depositary shall be responsible
     in any manner for any failure or inability of any other party hereto to
     honor any of the provisions of this Agreement, the Purchase Agreement or
     any of the agreements, instruments or documents contemplated hereby or
     thereby.

          (c)  The Sellers and the Purchaser agree, jointly and severally to
     make no claim, and to bring no action, suit or proceeding, against the
     Escrow Agent or the Depositary for any alleged liability or claim arising
     out of or in connection with the Escrow Agent's or the Depositary's
     acceptance or performance (including errors and omissions) of their
     respective duties and obligations under this Agreement or otherwise with
     respect to the Escrow Shares, in the absence of gross negligence or willful
     misconduct by the Escrow Agent or the Depositary, as applicable.

          (d)  The Escrow Agent and the Depositary shall be fully protected in
     acting and relying upon the written legal opinion of its counsel or advice
     or certificate, notice, direction, instruction, request, order, judgment,
     decree or other document given to it which the Escrow Agent or the
     Depositary believes to be genuine and to have been signed or presented by
     the proper party or parties, and may assume that any person purporting to
     give such legal opinion, advice, certificate, notice, direction,
     instruction, request or other document has been duly authorized to do so.
     The Escrow Agent assumes no responsibility for the accuracy of the contents
     of any such documents.

          (e)  The Escrow Agent (and any successor escrow agent) may resign and
     be discharged from all other further duties and obligations hereunder at
     any time upon giving 30 days' notice to the other parties hereto whereupon
     the Sellers' Agent and the Purchaser shall jointly designate a successor
     escrow agent within such 30-day period. The Escrow Agent shall deposit the
     Seller Escrow Shares in the account designated by such successor escrow
     agent pursuant to the joint instructions of the parties hereto. If the
     parties hereto were to terminate this Agreement by joint written consent,
     the Sellers' Agent and the Purchaser shall jointly either (i) designate a
     successor agent hereunder, in which case the Escrow Agent shall deliver the
     Seller Escrow Shares and the Share Reserve Letter to such successor or (ii)
     direct the Escrow Agent to otherwise dispose of the Escrow Shares in a
     manner which shall not be unduly burdensome to the Escrow Agent. Upon such
     resignation by the Escrow Agent or termination of this Agreement by

                                      -7-
<PAGE>

     the other parties hereto, in the absence of a joint designation of a
     successor or joint direction as contemplated above, the Escrow Agent shall
     without further liability or responsibility under this Agreement retain the
     Escrow Shares in the Escrow Agent's possession as custodian thereof (for
     the benefits of the other parties hereto) until otherwise jointly directed
     in writing. The Escrow Agent may at any time on notice to other parties
     hereto take such affirmative steps as it may, at its option, select in
     order to terminate its duties as escrow agent including the commencement of
     an action under Section 5(g) with respect to the appropriate disposition of
     the Escrow Shares.

          (f)  The Escrow Agent may seek the advice of legal counsel in the
     event of any dispute or question as to the construction of any provision of
     this Agreement, or its duties hereunder, and may rely on an opinion of such
     counsel. In rendering such advice, such counsel may rely on written
     statements of fact furnished to it by persons reasonably believed to be
     credible and copies of which are furnished to the parties hereto. In the
     event that the Escrow Agent shall receive instructions which in its opinion
     are in conflict with any of the provisions of this Agreement, it shall be
     entitled to hold the Escrow Shares pending the final non-appealable order
     of an arbitral body, in accordance with the Purchase Agreement, or if
     applicable, the order of a final certified copy of such order or judgment,
     delivered to the Escrow Agent).

          (g)  The parties acknowledge that Salans Hertzfeld Heilbronn Christy &
     Viener ("SHHC&V"), the initial Escrow Agent, has acted as counsel to the
     Purchaser and agree that the SHHC&V may continue to act as counsel to the
     Purchaser, including without limitation, in connection with any dispute or
     proceeding arising under the Transaction Documents or this Agreement at the
     Purchaser's sole expense; PROVIDED, HOWEVER, that SHHC&V, in its capacity
     as Escrow Agent, shall continue to be bound by all of the provisions of
     this Agreement and at no time shall SHHC&V, in its capacity as Escrow
     Agent, deliver or distribute or cause to deliver or distribute the Escrow
     Shares except in conformity with the provisions hereof.

          (h)  Upon the distribution or issuance, as the case may be, of all of
     the Escrow Shares in accordance with this Agreement, the Escrow Agent and
     the Depositary shall cease to have any obligation to any party under this
     Agreement, except in case of any claim arising out of its own gross
     negligence or willful misconduct.

          (i)  The Sellers and the Purchaser shall, jointly and severally,
     indemnify and hold harmless the Escrow Agent and the Depositary from and
     against all other costs, charges, damages and expenses, including without
     limitation, reasonable attorneys' fees which the Escrow Agent or the
     Depositary, as applicable, in good faith may incur or suffer as a result of
     any legal proceedings affecting this

                                      -8-
<PAGE>

     Agreement or the performance of their respective duties hereunder, except
     for any proceedings relating to any allegedly gross negligence or willful
     misconduct to the Escrow Agent or the Depositary that results in a final
     non-appealable judgment against the Escrow Agent or the Depositary, as
     applicable, with respect to such allegedly gross negligence or willful
     misconduct.

     7.   SELLERS' AGENT; NOTICES.

          (a)  (i) Each of the Sellers hereby consent to the appointment of Per
          Lundberg as his, her or its agent (the "Sellers' Agent") or any
          successor Sellers' Agent appointed from time to time by all of the
          Sellers in writing and authorizes the Sellers' Agent to exercise all
          authority granted to the Sellers' Agent hereunder. Any action or
          decision by the Sellers' Agent shall be sufficient to bind the
          Sellers' Agent and the Sellers, and the Escrow Agent, the Depositary
          and the Purchaser shall be entitled to rely upon any such action or
          decision.

               (ii) The Sellers' Agent shall not be liable for any act or
          omission except for the Sellers' Agent own gross negligence or willful
          misconduct and may conclusively rely, and shall be protected in acting
          or refraining from acting, upon any written notice, instrument or
          signature believed the by Sellers' Agent to be genuine and to have
          been signed or presented by the proper party or parties duly
          authorized to do so.

               (iii) Upon the distribution or issuance, as the case may be, of
          all the Escrow Shares in accordance with this Agreement, the Sellers'
          Agent shall cease to have any obligation under this Agreement except
          in the case of any claim arising out of the Sellers' Agent's own gross
          negligence or willful misconduct. The Sellers shall, in the same
          proportion in which they will share in any Purchaser Escrow Shares
          distributed to them from the escrow, pay and/or reimburse the Sellers'
          Agent for any ordinary course fees, costs and disbursements incurred
          by the Sellers' Agent in connection with the performance by the
          Sellers' Agent of his or her or its duties under this Agreement.

               (iv) The Sellers shall jointly and severally indemnify and hold
          harmless the Sellers' Agent from and against all other costs, charges,
          damages and expenses, including, without limitation, reasonable
          attorneys' fees, which the Sellers' Agent in good faith may incur or
          suffer as a result of any legal proceedings affecting this Agreement
          to the performance of the Sellers' Agent's duties hereunder, except
          for any proceedings relating to any alleged gross negligence or
          willful misconduct of the Sellers' Agent that results in an adverse
          determination against the Sellers' Agent.

                                      -9-
<PAGE>

          (b)  Notwithstanding any other provision of this Agreement to the
     contrary, any action to be taken by the Sellers' Agent under this
     Agreement, may instead be taken by all of the Sellers acting together. The
     Sellers hereby agree that any notice executed and delivered by the Sellers'
     Agent shall be binding upon each Seller, and that any notice received by
     the Sellers' Agent shall be binding upon each Seller.

          (c)  All communications, notices, requests, consents or demands given
     or required under this Agreement shall be in writing and shall be deemed to
     have been duly given when delivered to, sent by facsimile with acknowledged
     receipt or recognized courier service with acknowledged receipt, or five
     (5) days after being mailed by prepaid registered or certified mail
     addressed to, the party for whom intended, as follows, or to such other
     address as may be furnished by such party by notice in the manner provided
     herein:

               (i)  If to the Sellers:

               To the Sellers' Agent at his address set forth opposite his on
               the signature pages hereof:

               with a copy to:

               Clifford Chance Limited Liability Partnership 200
               Aldersgate Street
               London EC1A 4JJ
               United Kingdom
               Attention: Olof Clausson, Esq.
               Fax: 44-171-600-5555

               (ii) If to the Purchaser:

               CellPoint Inc.
               Sofielundsvagen 4
               Sollentuna S 191 47
               Sweden
               Fax: 468-544-90005

                                      -10-
<PAGE>

               with a copy to:

               Salans Hertzfeld Heilbronn Christy & Viener
               620 Fifth Avenue
               New York, New York 10020
               United States
               Attention: Steven R. Berger, Esq.
               Fax: (212) 307-3308 or (212) 632-5555

               (iii) If to the Escrow Agent:

               Salans Hertzfeld Heilbronn Christy & Viener
               620 Fifth Avenue
               New York, New York 10020
               Attention: Steven R. Berger, Esq.
               Fax: 212-307-338 or 212-632-5555

               (iv) If to the Depositary:

               United States Stock Transfer Company
               1745 Gardena Avenue, Suite 200
               Glendale, California 91204-2991
               Attention: Mr. Richard Brown
               Fax: (818) 502-0674

     8.   MISCELLANEOUS.

          (a)  This Agreement may be amended only by a written agreement, signed
     by all the parties hereto.

          (b)  If any provision of this Agreement shall be found by any court of
     competent jurisdiction to be invalid or unenforceable, the parties hereby
     waive such provision to the extent that it is found to be invalid or
     unenforceable. Such provision shall, to the maximum extent allowable by
     law, be modified by such court so that it becomes enforceable, and, as
     modified, shall be enforced as any other provision hereof, all the other
     provisions hereof continuing in full force and effect.

          (c)  This Agreement shall be governed and construed in accordance with
     the laws of the State of New York.

                                      -11-
<PAGE>

          (d)  This Agreement shall be binding upon and shall inure for the
     benefit of the parties hereto and there respective successors and assigns.

          (e)  This Agreement may be executed in any number of counterparts,
     each of which shall be deemed an original but all of which together shall
     constitute only one Agreement.

          (f)  The headings contained in this Agreement are for reference
     purposes only and shall not in any way affect the meaning or interpretation
     hereof.

          (g)  This Agreement constitutes the entire understanding of the
     parties with respect to the subject matter hereof and supersedes any and
     all prior understandings and agreements, whether written or oral, with
     respect to such subject matter.

                                      -12-
<PAGE>

SELLERS:

Address:                                      PROCURITAS INVESTMENT PARTNERS
Skeppsbron 20                                 (PIP) BV
111 30 Stockholm
Sweden                                        By /s/ MATS HUGOSON
                                              ---------------------------------
                                                Name: Mats Hugoson

Address:                                      NORRA BROFASTET I SUNDSVALL AB
Karlavagen 50
1114 49 Stockholm
Sweden                                        By /s/ PER BORJESSON
                                              ---------------------------------
                                                Name: Per Borjesson

Address:                                      ERASMUS MANAGEMENT AB
Sabelgatan 6
254 67 Helsingborg
Sweden                                        By /s/ MIKAEL SOLBERG
                                              ---------------------------------
                                                Name:  Mikael Solberg

Address:                                      FORETAGSPARTNER IBP INVEST AB
Karlavagen 50
114 49 Stockholm
Sweden                                        By /s/ PER BORJESSON
                                              ---------------------------------
                                                Name: Per Borjesson

Address:                                      KARL STOCKMAN AB
Norra Klaragatan 15
653 40 Karlstad
Sweden                                        By /s/ PER LUNDBERG
                                              ---------------------------------
                                                Name:  Per Lundberg

Address:                                      LEDSTIERNAN INVESTMENT LTD.
c/o CBS, Rue Du Criblet 9
C.P. 210, CH-1701 Friburg
Switzerland                                   By /s/ PER LUNDBERG
                                              ---------------------------------
                                                Name:  Per Lundberg

Address:                                      THOMAS ROSEN
Rosendalsterassen 9
115 21 Stockholm
Sweden                                        By /s/ PER LUNDBERG
                                              ---------------------------------
                                                Attorney-in-fact

                                      -13-
<PAGE>

                                              LEDSTIERNAN KAPITALFORVALTNING
                                              AB
Address:
Birger Jarlsgatan 14
114 34 Stockholm
Sweden                                        By /s/ PER LUNDBERG
                                              ---------------------------------
                                                Name:  Per Lundberg:

                                              LEDSTIERNAN BUSINESS
Address:                                      DEVELOPMENT LTD
Kevingestrand 35
182 57 Danderyd
Sweden                                        By /s/ PER LUNDBERG
                                              ---------------------------------
                                                Name:  Per Lundberg

                                      -14-
<PAGE>

Address:
Box 75215
1070AE Amsterdam
Holland                                       By /s/ PER LUNDBERG
                                              ---------------------------------
                                                Name:  Per Lundberg

Address:                                      AB BASEN
Normasgard
139 50 Varmdo
Sweden
                                              By /s/ PER LUNDBERG
                                              ---------------------------------
                                                Name:  Per Lundberg

Address:
9 Skeppargatan 80 2 lr
114 59 Stockholm
Sweden                                        By /s/ PER LUNDBERG
                                              ---------------------------------
                                              PER LUNDBERG

Address:                                      JAKOB LUNDBERG
Hornsgatan 80
118 21 Stockholm
Sweden                                        By /s/ PER LUNDBERG
                                              ---------------------------------
                                                Attorney-in-fact

Address:                                      ANNA DAHLIN
Vasavagen 20
133 38 Stockholm
Sweden                                        By /s/ PER LUNDBERG
                                              ---------------------------------
                                                Attorney-in-fact

Address:                                      SARA LUNDBERG
Tavastgatan 48
118 24 Stockholm
Sweden                                        By /s/ PER LUNDBERG
                                              ---------------------------------
                                                Attorney-in-fact

Address:                                      KRISTER STROMBOM
Eknasvagen 37
132 44 Saltsjo Boo
Sweden                                        By /s/ PER LUNDBERG
                                              ---------------------------------
                                                Attorney-in-fact

                                      -15-
<PAGE>

Address:                                      LEDSTIERNAN KB
Birger jarlsgatan 14
114 34 Stockholm
Sweden                                        By /s/ PER LUNDBERG
                                              ---------------------------------
                                                Name:  Per Lundberg

Address:
Fasanvagen 28
192 55 Sollentuna
Sweden                                        By /s/ PER JUNDIN
                                              ---------------------------------
                                              PER JUNDIN
Address:                                      PETER JUNDIN
Fasanvagen 28
192 55 Sollentuna
Sweden                                        By /s/ PER JUNDIN
                                              ---------------------------------
                                                Attorney-in-fact

Address:                                      CHRISTOPHER JUNDIN
Fasanvagen 28
192 55 Sollentuna
Sweden                                        By /s/ PER JUNDIN
                                              ---------------------------------
                                                Attorney-in-fact

Address:                                      KENT JOHANSSON
Lotsjovagen 73
174 52 Sundbyberg
Sweden                                        By /s/ PER JUNDIN
                                              ---------------------------------
                                                Attorney-in-fact

Address:                                      UNIUM AB
Lotsgatan 4
374 35 Karlshamn
Sweden                                        By /s/ MICHAEL WALLON
                                              ---------------------------------
                                                Name: Michael Wallon

                                      -16-
<PAGE>

Address:
Soldatvagen 12c
192 73 Sollentuna
Sweden                                        By /s/ MICHAEL WALLON
                                              ---------------------------------
                                              MICHAEL WALLON

Address:                                      THOMAS HOGLUND
Lotsgatan 4
374 35 Karlshamn
Sweden                                        By /s/ MICHAEL WALLON
                                              ---------------------------------
                                                Attorney-in-fact

Address:                                      KAJ GELLBERG
Eriksfaltsgatan 31
214 55 Malmo
Sweden                                        By /s/ MICHAEL WALLON
                                              ---------------------------------
                                                Attorney-in-fact

Address:                                      ORJAN SODERBERG
Kungsladugardsgatan 14b
414 69 Goteborg
Sweden                                        By /s/ MICHAEL WALLON
                                              ---------------------------------
                                                Attorney-in-fact

Address:                                      BERTIL SODERBERG
Rogestavagen 3
139 36 Varmdo
Sweden                                        By /s/ MICHAEL WALLON
                                              ---------------------------------
                                                Attorney-in-fact

Address:                                      LYKKE OLESEN
Granvagen 4
130 40 Djurhamn
Sweden                                        By /s/ MICHAEL WALLON
                                              ---------------------------------
                                                Attorney-in-fact

Address:                                      KERSTIN OLESEN
Granvagen 4
130 40 Djurhamn
Sweden                                        By /s/ MICHAEL WALLON
                                              ---------------------------------
                                                Attorney-in-fact

                                      -17-
<PAGE>

Address:                                      MATS LJUNG
Venusvagen 10
132 44 Saltsjo Boo
Sweden                                        By /s/ MICHAEL WALLON
                                              ---------------------------------
                                                Attorney-in-fact

Address:                                      ROGER CARLSSON
Rodkhakevagen 55
147 70 Grodinge
Sweden                                        By /s/ MICHAEL WALLON
                                              ---------------------------------
                                                Attorney-in-fact

Address:                                      OLOF STENHAMMAR
Normasgard
139 50 Varmdo
Sweden                                        By /s/ MICHAEL WALLON
                                              ---------------------------------
                                                Attorney-in-fact

PURCHASER:                                    CELLPOINT INC.

Address:
Sofielundsvagen 4
S 191 47 Sollentuna                           By /s/ PETER HENRICSSON
Sweden                                        ---------------------------------
                                                Peter Henricsson, President

Address:                                      CELLPOINT SWEDISH HOLDINGS LTD.
Sofielundsvagen 4
S 191 47 Sollentuna
Sweden
                                              By /s/ PETER HENRICSSON
                                              ---------------------------------
                                                Peter Henricsson, President

ESCROW AGENT:                                 SALANS HERTZFELD HEILBRONN
                                              CHRISTY & VIENER
Address:
620 Fifth Avenue                              By /s/ STEVEN R. BERGER
New York, New York 10020                      ---------------------------------
United States                                   Steven R. Berger, Esq.
Attention: Steven R. Berger, Esq.               Partner

                                      -18-
<PAGE>

DEPOSITARY:                                   U.S. STOCK TRANSFER CORPORATION,
                                              as Depositary
Address:
1745 Gardena Avenue
Glendale, California                          By /s/ RICHARD BROWN
United States                                 ---------------------------------
Attention:  Mr. Richard Brown                   Richard Brown
                                                Vice President
SELLERS' AGENT:

Address:
9 Skeppargatan 80 2 lr
114 59 Stockholm                              By /s/ PER LUNDBERG
Sweden                                        ---------------------------------
                                               Per Lundberg, as Sellers' Agent

                                      -19-

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