Document:

Exhibt 10.2

THIS  DEBENTURE  HAS BEEN ACQUIRED FOR  INVESTMENT  PURPOSES ONLY AND MAY NOT BE
TRANSFERRED UNTIL (I) A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE "ACT") SHALL HAVE BECOME  EFFECTIVE WITH RESPECT THERETO OR (II)
RECEIPT BY THE COMPANY OF AN OPINION OF COUNSEL  REASONABLY  SATISFACTORY TO THE
COMPANY  TO THE  EFFECT  THAT  REGISTRATION  UNDER  THE ACT IS NOT  REQUIRED  IN
CONNECTION  WITH SUCH  PROPOSED  TRANSFER NOR IS IN VIOLATION OF ANY  APPLICABLE
STATE  SECURITIES  LAWS. THIS LEGEND SHALL BE ENDORSED UPON ANY DEBENTURE ISSUED
IN EXCHANGE FOR THIS DEBENTURE.

                        DIMENSIONAL VISIONS INCORPORATED

                            12% Convertible Debenture

$20,000.00                                                        August 3, 2001

     FOR  VALUE  RECEIVED,   Dimensional   Visions   Incorporated,   a  Delaware
corporation  (the  "Company") with its principal  executive  office at 2301 West
Dunlap Avenue, Suite 207, Phoenix,  Arizona 85021,  promises to pay to the order
of J.B. Diversified  Financial,  4331 E. Calle Redondo,  Phoenix,  Arizona 85018
(the  "Payee" or the "Holder of this  Debenture")  or  registered  assigns on or
before  February 3, 2002 (the  "Maturity  Date"),  the  principal  sum of Twenty
Thousand Dollars ($20,000.00) (the "Principal Amount"), in such coin or currency
of the United  States of America as at the time of payment shall be legal tender
for the payment of public and private debts,  together with interest  thereon at
the rate of twelve  (12%)  percent  per annum (the  "Stated  Rate"),  payable as
hereinafter set forth in cash, or at the option of the Holder of this Debenture,
in the  Company's  Common Stock as provided in SECTION 4 hereof.  Payment of the
Principal  Amount and interest shall be made at the address  designated above or
at such other place as the Payee shall have  notified  the Company in writing at
least five (5) days before such payment is due.

     Payment by the Company  pursuant to this  Debenture  shall be made  without
setoff or counterclaim and in immediately available funds.

     The  amount of all  repayments  of  principal,  interest  rates  applicable
thereto and  interest  accrued  thereon  shall be recorded on the records of the
Payee and,  prior to any transfer of, or any action to collect,  this  Debenture
shall be endorsed on this Debenture.  Any such recordation or endorsement  shall
constitute  PRIMA FACIE evidence of the accuracy of the  information so recorded
or  endorsed,  but the failure to record any such amount or rate shall not limit
or otherwise affect the obligations of the Company hereunder to make payments of
principal or interest when due. All payments by the Company  hereunder  shall be
applied first to pay any interest which is due, but unpaid ("Accrued Interest"),
then to reduce the Principal Amount.

     The Company (i) waives presentment,  demand, protest, or notice of any kind
in connection  with this Debenture and (ii) agrees,  in the event of an Event of
Default  (as  defined  in  Section  2  hereof),  to pay to the  Holder  of  this
Debenture,  on demand, all costs and expenses (including  reasonable legal fees)
incurred in connection with the enforcement and collection of this Debenture. If
the date for any payment due hereunder  would  otherwise  fall on a day which is
not a Business  Day,  such payment or  expiration  date shall be extended to the
next  following  Business  Day with  interest  payable  at the  applicable  rate
specified herein during such extension.  "Business Day" shall mean any day other
than a  Saturday,  Sunday,  or any day which  shall be in the State of Arizona a
legal holiday or a day on which banking  institutions  are  authorized by law to
close.

     1.   CONVERSION OF DEBENTURE.

          A. CONVERSION.  This Debenture is convertible, in whole or in part, at
the option of the Holder,  into shares of the Company's  common stock, par value
$.001 (the "Common  Stock") at any time prior to the repayment of this Debenture
at the rate of $0.125 per share (the  "Conversion  Price")  (i.e.,  one share of
Common  Stock  for  each  $0.125  of  principal  amount  converted)  subject  to
adjustment as hereinafter provided.

          B.  ADJUSTMENT  BASED UPON STOCK  DIVIDENDS,  COMBINATION OF SHARES OR
RECAPITALIZATION.  In the  event  that the  Company  shall at any time (i) pay a
stock  dividend,  (ii) subdivide its  outstanding  shares of Common Stock into a
greater number of shares,  (iii) combine its outstanding  shares of Common Stock
into a smaller number of shares, or (iv) issue by reclassification of its shares
of Common Stock any other special capital stock of the Company, the Holder, upon
surrender of this  Debenture  for  conversion,  shall be entitled to receive the

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number of shares of Common Stock or other  capital stock of the Company which he
would have owned or have been  entitled to receive after the happening of any of
the events described above had this Debenture been converted  immediately  prior
to the happening of such event.

          C.  ADJUSTMENT  BASED  UPON  MERGER OR  CONSOLIDATION.  In case of any
consolidation  or merger to which the Company is a party (other than a merger in
which the  Company  is the  surviving  entity  and which  does not result in any
reclassification  of or change in the outstanding  Common Stock of the Company),
or in case of any sale or conveyance to another  corporation  of the property of
the Company as an entirety or  substantially  as an  entirety,  the Holder shall
have the right to convert this  Debenture into the kind and amount of securities
and property receivable upon such consolidation, merger, sale or conveyance by a
holder of the number of shares of Common Stock into which such  Debenture  might
have been converted immediately prior thereto.

          D. EXERCISE OF CONVERSION PRIVILEGE. The conversion privilege provided
for  herein  shall be  exercisable  in whole or in part by the Holder by written
notice to the Company and the surrender of this  Debenture in exchange for up to
the number of shares of Common Stock into which this  Debenture  is  convertible
based upon the Conversion  Price.  If the entire amount of this Debenture is not
so exercised, the Company shall issue a new Debenture representing the remaining
outstanding Principal Amount.

          E.  CORPORATE  STATUS  OF  SHARES  TO BE  ISSUED.  All  shares  of the
Company's Common Stock which may be issued upon the conversion of this Debenture
shall, upon issuance, be fully paid and non-assessable.

          F.  ISSUANCE  OF  STOCK  CERTIFICATE.  Upon  the  conversion  of  this
Debenture,  the Company shall in due course issue to the Holder a certificate or
certificates  representing the number of shares of its Common Stock to which the
conversion relates.

          G. STAMP TAXES,  ETC. The Company shall pay all documentary,  stamp or
other transactional taxes attributable to the issuance or delivery of the Common
Stock upon conversion of this  Debenture;  PROVIDED,  however,  that the Company
shall not be  required  to pay any taxes  which may be payable in respect of any
transfer involved in the issuance or delivery of any certificate for such Common
Stock in a name other than that of the Holder of this  Debenture and the Company
shall not be required to issue or deliver any such certificate  unless and until
the person  requesting  the issuance  thereof shall have paid to the Company the
amount of such tax or shall have established to the Company's  satisfaction that
such tax has been paid.

     2.   EVENTS OF DEFAULT

          A. The term "Event of Default"  shall mean any of the events set forth
in this SECTION 2A:

          (a)  NON-PAYMENT  OF  OBLIGATIONS.  The Company  shall  default in the
     payment of the principal or accrued  interest of this Debenture as and when
     the same shall become due and payable,  including the aforementioned 90-day
     extension, whether by acceleration or otherwise.

          (b) BANKRUPTCY, INSOLVENCY, ETC. The Company shall:

               (i) become  insolvent or  generally  fail or be unable to pay, or
          admit in writing its inability to pay, its debts as they become due;

               (ii) apply for, consent to, or acquiesce in, the appointment of a
          trustee, receiver,  sequestrator or other custodian for the Company or
          any of its property,  or make a general  assignment for the benefit of
          creditors;

               (iii) in the absence of such  application,  consent or  acquiesce
          in, permit or suffer to exist the appointment of a trustee,  receiver,
          sequestrator or other custodian for the Company or for any part of its
          property;

               (iv)  permit  or  suffer  to  exist  the   commencement   of  any
          bankruptcy,   reorganization,   debt  arrangement  or  other  case  or
          proceeding under any bankruptcy or insolvency law, or any dissolution,

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          winding up or liquidation proceeding,  in respect of the Company, and,
          if  such  case  or  proceeding  is not  commenced  by the  Company  or
          converted  to a  voluntary  case,  such  case or  proceeding  shall be
          consented  to or  acquiesced  in by the Company or shall result in the
          entry of an order for relief; or

               (v)  take  any  corporate  or  other  action  authorizing,  or in
          furtherance of, any of the foregoing.

          (c) JUDGMENTS. A judgment which, with other such outstanding judgments
     against the Company  and its  subsidiaries  (in each case to the extent not
     covered  by  insurance),  exceeds  an  aggregate  of One  Hundred  Thousand
     Dollars($100,000),  shall be rendered against the Company or any subsidiary
     and, within fifteen (15) days after entry thereof,  such judgment shall not
     have been discharged or execution thereof stayed pending appeal, or, within
     fifteen  (15) days after the  expiration  of any such stay,  such  judgment
     shall not have been discharged.

          B. ACTION IF BANKRUPTCY.  If any Event of Default described in clauses
(b)(i) through (v) of Section 2A shall occur,  the outstanding  principal amount
of this Debenture and all other obligations hereunder shall automatically be and
become immediately due and payable, without notice or demand.

          C. ACTION IF OTHER EVENT OF  DEFAULT.  If any Event of Default  (other
than any Event of Default described in clauses (b)(i) through (v) of Section 2A)
shall occur for any reason, whether voluntary or involuntary, and be continuing,
the Holder of this Debenture may, upon notice to the Company, declare all or any
portion of the  outstanding  principal  amount of this  Debenture  together with
interest accrued thereon to be due and payable and any or all other  obligations
hereunder  to be due and payable,  whereupon  the full unpaid  principal  amount
hereof,  such accrued  interest,  and any and all other such  obligations  which
shall be so declared  due and payable  shall be and become  immediately  due and
payable, without further notice, demand, or presentment.

          D. REMEDIES. Subject to the provisions of Section 2C and 3A hereof, in
case any Event of  Default  shall  occur and be  continuing,  the Holder of this
Debenture may proceed to protect and enforce its rights by a proceeding  seeking
the  specific  performance  of any  covenant  or  agreement  contained  in  this
Debenture  or the  Security  Agreement,  or in aid of the  exercise of any power
granted  in this  Debenture  or may  proceed  to  enforce  the  payment  of this
Debenture or to enforce any other legal or equitable rights as such Holder.

     3.   AMENDMENTS AND WAIVERS.

          A. WAIVERS, AMENDMENTS, ETC.

          (a) The provisions of this Debenture may from time to time be amended,
     modified  or  waived,  if such  amendment,  modification,  or  waiver is in
     writing  and  consented  to by the Company and the holders of not less than
     50%  in  principal  amount  of the  Debentures  (the  "Required  Holders");
     PROVIDED, HOWEVER, that no such amendment, modification or waiver:

               (i) which would modify this Section 3A, change the  definition of
          "Required  Holders",  extend the Maturity  Date,  or subject the Payee
          under  each  Debenture  to any  additional  obligations  shall be made
          without the consent of the Payee of each Debenture, or

               (ii) which would  reduce the amount of any payment or  prepayment
          of principal of or interest on any principal amount payable  hereunder
          (or  reduce  the  principal  amount  of or  rate of  interest  payable
          hereunder)  shall be made  without  the  consent of the Holder of each
          Debenture so affected.

          (b) No  failure  or delay on the part of the Payee in  exercising  any
     power or right under this Debenture  shall not operate as a waiver thereof,
     nor  shall  any  single  or  partial  exercise  of any such  power or right
     preclude any other or further exercise thereof or the exercise of any other
     power or right.  No notice to or demand on the  Company  in any case  shall
     entitle it to any notice or demand in  similar or other  circumstances.  No
     waiver or approval by the Payee shall, except as may be otherwise stated in
     such waiver or approval,  be  applicable  to  subsequent  transactions.  No
     waiver or approval hereunder shall require any similar or dissimilar waiver
     or approval thereafter to be granted hereunder.

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          (c) To the extent that the Company  makes a payment or payments to the
     Payee,  and such payment or payments or any part  thereof are  subsequently
     for any reason  invalidated,  set aside,  and/or required to be repaid to a
     trustee,  receiver,  or any other party under any bankruptcy  law, state or
     federal  law,  common law, or equitable  cause,  then to the extent of such
     recovery,  the  obligation  or  part  thereof  originally  intended  to  be
     satisfied,  and all  rights and  remedies  therefor,  shall be revived  and
     continued  in full force and effect as if such payment had not been made or
     such enforcement or setoff had not occurred.

          (d) After any waiver,  amendment,  or  supplement  under this  section
     becomes effective,  the Company shall mail to the Holders of the Debentures
     a copy thereof.

     4.   COMMON STOCK IN LIEU OF INTEREST.

          At the sole discretion of the Holder,  the Holder may elect to receive
one share of  Common  Stock for each  $0.125  of  interest  due to Holder on any
Interest  Payment  Date  (i.e.,  Common  Stock at the rate of $0.125  per share)
partially  or entirely in lieu of cash payment of  interest,  by  notifying  the
Company of its election to receive the Common Stock at least five (5) days prior
to any  Interest  Payment  Date.  The number of shares of Common Stock so issued
shall be subject to adjustment in accordance with SECTION 1B AND 1C hereof.

     5.   MISCELLANEOUS.

          A. PARTIES IN INTEREST. All covenants, agreements, and undertakings in
this Debenture binding upon the Company or the Payee shall bind and inure to the
benefit of the  successors  and permitted  assigns of the Company and the Payee,
respectively, whether so expressed or not.

          (a) REGISTERED  HOLDER.  The Company may consider and treat the person
     in whose name this  Debenture  shall be  registered  as the absolute  owner
     thereof for all purposes whatsoever (whether or not this Debenture shall be
     overdue)  and the  Company  shall  not be  affected  by any  notice  to the
     contrary.  In case of transfer of this  Debenture  by operation of law, the
     transferee  agrees  to  notify  the  Company  of such  transfer  and of its
     address, and to submit appropriate evidence regarding such transfer so that
     this  Debenture  may be  registered  in the  name of the  transferee.  This
     Debenture  is  transferable  only on the books of the Company by the Holder
     hereof, in person or by attorney,  on the surrender hereof,  duly endorsed.
     Communications  sent to any registered  owner shall be effective as against
     all Holders or  transferees  of the Debenture not registered at the time of
     sending the communication.

          B. GOVERNING LAW. This Debenture shall be governed by and construed in
accordance with the laws of the State of Delaware without regard to any conflict
provisions therein.

          C.  NOTICES.  Unless  otherwise  provided,  all  notices  required  or
permitted  under  this  Debenture  shall  be in  writing  and  shall  be  deemed
effectively given (i) upon personal  delivery to the party to be notified,  (ii)
upon  confirmed  delivery  by  Federal  Express or other  nationally  recognized
courier  service  providing  next-business-day  delivery,  or  (iii)  three  (3)
business days after deposit with the United States Postal Service, by registered
or certified mail, postage prepaid and addressed to the party to be notified, in
each case at the address set forth below, or at such other address as such party
may  designate  by written  notice to the other party  (provided  that notice of
change of  address  shall be  effective  upon  receipt by the party to whom such
notice is addressed).

     If sent to Payee, notices shall be sent to the following address:

          J.B. Diversified Financial
          4331 E. Calle Redondo
          Phoenix, Arizona 85018
          EIN: 86-1030840

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     If sent to the Company, notices shall be sent to the following address:

          Dimensional Visions Incorporated
          2301 West Dunlap Avenue
          Suite 207
          Phoenix, Arizona  85201
          John D. McPhilimy, President

          D. WAIVER OF JURY TRIAL.  THE PAYEE AND THE COMPANY HEREBY  KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY  WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY
IN RESPECT OF ANY  LITIGATION  BASED  HEREON,  OR ARISING OUT OF,  UNDER,  OR IN
CONNECTION WITH, THIS DEBENTURE OR ANY OTHER DOCUMENT OR INSTRUMENT EXECUTED AND
DELIVERED IN CONNECTION HEREWITH,  OR ANY COURSE OF CONDUCT,  COURSE OF DEALING,
STATEMENTS (WHETHER VERBAL OR WRITTEN),  OR ACTIONS OF THE PAYEE OR THE COMPANY.
THIS  PROVISION  IS A  MATERIAL  INDUCEMENT  FOR THE  PAYEE'S  EXTENDING  CREDIT
PURSUANT TO THIS DEBENTURE.

     IN WITNESS  WHEREOF,  this Debenture has been executed and delivered on the
date specified above by the duly authorized representative of the Company.

                                        DIMENSIONAL VISIONS INCORPORATED

                                        By: /s/ John D. Mcphilimy
                                            ------------------------------------
                                            John D. McPhilimy
                                            President

                                       5Exhibit 10.1

Sean D. Clancey, Esquire
Santerre & Vande Krol, Ltd.
7333 E. Doubletree Ranch Road
Suite 200
Scottsdale, Arizona 85258

                           SECURITY AGREEMENT (ASSETS)

     This  Agreement  is entered this 1st day of October,  2001,  by and between
CIRCUIT SOURCE  INTERNATIONAL,  INC.  ("Debtor"),  WILLIAM C. MALONE,  ("Secured
Party"), and AVANTI CIRCUITS, INC. ("Corporation").

     1.  Definitions.  When used  herein,  the  following  terms  shall have the
following meanings:

          a. "Account  Receivable"  shall  include any and all accounts,  notes,
drafts and general  intangibles  consisting  of rights to  payment,  whether now
existing or hereafter arising or acquired, all as defined in the Arizona Uniform
Commercial Code.

          b.  "Account  Debtor"  shall  mean any party who is  obligated  on any
Account Receivable.

          c.  "Equipment"  shall mean all  equipment,  furniture and fixtures of
Corporation including,  without limitation,  certificated Motor Vehicles (herein
so called) and other certificated or uncertificated moveable equipment.

          d.  "General   Intangibles"  means  all  contract  rights  or  general
intangibles of Corporation  not  constituting an Account  Receivable  including,
without limitation, all of Corporation's right, title and interest in and to any
and all construction draws,  construction accounts, loan commitments,  rights to
payment  or other  rights of  Corporation  to draw upon  sources of cash flow or
other similar items caused by or arising out of Corporation's  general course of
contracting or other business as now or hereafter conducted.

          e. "Inventory" shall mean all goods.  merchandise,  and other personal
property,  now owned or  hereafter  acquired  by  Corporation,  held for sale or
lease, or furnished or to be furnished under any contract of service. or held as
raw materials,  work in process, or materials used or consumed, or to be used or
consumed,  in  business.

          f. "Note" means that certain  promissory  note dated October __, 2001,
executed  by  Debtor  in  favor of  Secured  Parry in the  principal  amount  of
$2,000,000.00  and bearing  interest at the rate of 10% per annum until paid.  A
copy of the Note is attached hereto as Exhibit "A" and made a part hereof.

     2.  Grant of  Security  Interest  Collateral.  To  secure  the  Obligations
described in paragraph 3, Debtor (as the owner of all of the  outstanding  stock
of Corporation)  and Corporation  hereby assign to Secured Party all of Debtor's
and  Corporation's  rights in  connection  with,  and grant to  Secured  Party a
security interest in, the following personal property ("Collateral"):

          a. All  Inventory of  Corporation  now owned or hereafter  acquired by
Corporation;

          b. All General  Intangibles of  Corporation  now existing or hereafter
arising or acquired;

          c. All Accounts  Receivable of  Corporation  now existing or hereafter
arising or acquired;
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          d. All  Equipment of  Corporation  now owned or hereafter  acquired by
Corporation;

          e. All financial or other records used in the business of Corporation;

          f. All  proceeds  of the  foregoing,  including  all  proceeds  of any
insurance covering the Collateral; and

          g. Any other  personal  property of  Corporation  in the possession of
Secured Party at the time of any default by Corporation.

     3. Obligations. Debtor and Corporation will receive a material benefit from
the  execution  of the Note.  Debtor and  Corporation  are willing to pledge and
grant a security  interest in Corporation's  assets as security for the Note. By
its  execution  and  delivery  hereof;  Corporation  agrees to grant a  security
interest  in its assets to secure  prompt  performance  of the Note,  all as set
forth   herein.   Therefore,   the   obligations   secured  by  this   Agreement
("Obligations") are the following:

          a. Any and all sums due to Secured Party, pursuant to the terms of the
Note and any and all obligations of Debtor (monetary or non-monetary) to Secured
Party  under or  pursuant  to any other  documents  or  instruments  executed by
Debtor, or which are given as security there for,

          b. Any and all sums advanced by Secured Party in order to preserve the
collateral or to perfect its security interest in the Collateral;

          c. In the event of any  proceeding  to enforce the  collection  of the
Obligations, or any of them, after default, the reasonable expenses of retaking,
holding,  preparing  for sale or lease,  selling or  otherwise  disposing  of or
realizing on the  Collateral,  or of any exercise by Secured Party of its rights
in the event of default,  together  with  reasonable  attorneys'  fees and court
costs; and

          d. Any other  indebtedness  or liability  of Debtor to Secured  Patty,
whether direct or indirect,  joint or several,  absolute or  contingent,  now or
hereafter  existing,  while  this  Agreement  is in effect,  however  created or
arising and however evidenced.

     4. Representations Warranties, and Promises. Debtor and Corporation further
represent, warrant and agree:

          a.  Corporation is the owner of the Collateral and grants the security
interest herein in consideration of the execution and delivery of the Note.

          b. Neither  Debtor nor  Corporation  will  hereafter  grant a security
interest in, or sell the Collateral to, any other person,  firm or  corporation,
without Secured Party's consent except as permitted herein

          c.  Debtor and  Corporation  will at all times  defend the  Collateral
against any and all claims of any person adverse to the claims of Secured Party.

          d.  Debtor and  Corporation  will take such  action and  execute  such
documents as Secured Party may from time to time request to maintain a perfected
security  interest on the part of Secured Party in the  Collateral  (free of all
other liens and claims whatsoever  except as permitted  pursuant to paragraph 16
below) to secure payment of the Obligations.  Without limiting the generality of
the  foregoing,  Debtor and  Corporation  shall  execute  appropriate  financing
statements for filing in the office of the Secretary of State of Arizona and any

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other  appropriate  governmental  bodies  and  shall  execute  and  deliver  all
documents  necessary  to  perfect a  security  interest  in,  and shall  deliver
appropriate  certificates  of title for notation of Secured Party's lien on, any
Motor Vehicles of Corporation.

          e. Debtor and  Corporation  will use the Collateral in conformity with
all applicable laws and will pay all taxes and assessments on it or its use when
due.

          f. Debtor and Corporation  have full power and authority to enter into
this Agreement.

          g. In case of failure by Debtor or  Corporation to procure or maintain
insurance.  or to  maintain  the  Collateral,  or to pay any fees,  assessments,
charges  or  taxes  arising  with  respect  to the  Collateral,  all  as  herein
specified,  Secured Party shall have the right,  but shall not be obligated,  to
effect such  insurance,  or cause the Collateral to be  maintained,  or pay such
fees,  assessments,  charges or taxes,  as the case may be,  and, in that event,
tire cost thereof  shall be payable by Debtor and  Corporation  to Secured Party
immediately  upon demand  together with interest at the rate of fifteen  percent
(15%) from the date of  disbursement  by Secured Party to the date of payment by
Debtor or Corporation,

          h. The Collateral will be kept free from any lien,  security interest,
encumbrance  or other  right,  title or  interest of any other  person,  firm or
corporation  created on or after the  effective  date  hereof  except a superior
encumbrance in favor of Heritage Bank in an amount not to exceed  $600,000.00 as
described in paragraph 16 below.

          i.  Debtor  and  Corporation  shall  keep in full force and effect all
policies of insurance in place as of the date hereof  covering the Inventory and
Equipment. Debtor and Corporation shall not alter, cancel or permit to lapse any
of such policies of insurance.  The proceeds of any insurance from loss,  theft,
or damage to the Inventory and  Equipment  shall be held,  disbursed and applied
toward the repair,  restoration  or  replacement  of the Inventory and Equipment
with Inventory and Equipment of comparable nature and value. If the proceeds are
not so used, they shall be disbursed to reduce the balance of the Obligations.

          j. All Inventory and Equipment  covered by this Agreement is. and will
be, kept, all records concerning Accounts Receivable are, and will be, kept, and
Corporation's  principal  business office is located at 17650 North 25th Avenue,
Phoenix,  Arizona.  Inventory and Equipment or records  concerning  the Accounts
Receivable or concerning or constituting  the General  Intangibles  shall not be
removed to, or kept at, any other place  without  the prior  written  consent of
Secured Party.  If Collateral is at any time kept or located at locations  other
than those  above  listed,  Secured  Party's  security  interest  therein  shall
continue.

          k. At the time an Account  Receivable  becomes  Collateral  under this
Agreement,  the  Account  Receivable  will be a  valid,  undisputed,  bona  fide
indebtedness  incurred by the Account Debtor for merchandise sold to or services
performed  for the Account  Debtor by  Corporation.  There will be no setoffs or
counterclaims  against any such Account  Receivable.  No  agreement  under which
deduction or discount  (other than a reasonable  and ordinary trade discount for
prompt  payment) may be claimed or will be made with an Account  Debtor,  except
with the prior written consent of Secured party.

          l. Upon  reasonable  advance  notice from  Secured  party,  Debtor and
Corporation  will permit  Secured Party to inspect the  Collateral and any books
and records of Corporation relating thereto at any reasonable time and to verify
Accounts Receivable, or any of them, by a method satisfactory to Secured Party

     5.  Right of  Secured  Party to  Collect  Accounts  Receivable.  Debtor and
Corporation  authorize  Secured  Party to notify any and all Account  Debtors if
Debtor or  Corporation  is in default  hereunder  to make  payment  directly  to
Secured  Party.  From and after an Event of Default (as  defined in  paragraph 7
below) Debtor and  Corporation  agree to deliver to Secured Party  promptly upon
receipt  thereof,  in the form in which  received  (together  with all necessary
endorsements), all payments received by Debtor and Corporation on account of any
Account  Receivable.  Secured  Party  may apply all such  payments  against  the
Obligations.

                                       3
<PAGE>
     6.  Authorization to Sell Inventory.  As long as Debtor and Corporation are
not in default  hereunder,  Corporation  may sell its  Inventory in the ordinary
course of its business.

     7. Events of Default. Debtor and Corporation shall be in default under this
Agreement (an "Event of Default")  upon the occurrence of any one or more of the
following events or conditions:

          a.  Nonpayment  of  any  of  the  Obligations  when  due,  whether  by
acceleration or otherwise,  or  nonperformance  of any promise made by Debtor or
Corporation in this Agreement or in the Obligations;

          b.  Breach  of any  wananty  made by  Debtor  or  Corporation  in this
Agreement,  or the failure of Debtor or Corporation to comply with the terms and
conditions of the Heritage Bank loan referred to in paragraph 16 below;

          c.  Any  misrepresentation  made  by  Debtor  or  Corporation  in this
Agreement or in any document furnished by Debtor or Corporation,  or on Debts of
or Corporation's  behalf,  to Secured Party in connection with this Agreement or
the Collateral;

          d. Use of the Collateral in violation of any statute or ordinance;

          e. Any event which results in the  acceleration of any indebtedness of
Corporation  to any  party  or  parties  under  any  undertaking  by  Debtor  or
Corporation of any kind;

          f. The creation of any  encumbrance  upon the Collateral not permitted
herein or the making of any levy,  judicial  seizure,  or attachment  thereof or
thereon;

          g. Any material loss,  theft,  damage to, or destruction of any of the
Collateral  which is uninsured or results from the  negligent or willful acts or
omissions of Debtor,

          h. Dissolution.,  termination of existence, or insolvency of Debtor or
Corporation; or

          i. The  appointment  of a  receiver  for any part of the  property  of
Debtor or Corporation, the making by Debtor or Corporation of any assignment for
the benefit of creditors,  or the initiation by or against Debtor or Corporation
of any proceeding under the Federal Bankruptcy Act or any state insolvency law

     8. Rights of Parties upon  Default.  In the event of a default by Debtor or
Corporation,  in addition to all the rights and remedies provided in the Uniform
Commercial  Code,  as adopted by the State of Arizona  and any other  applicable
law, Secured Party may (but is under no obligation so to do):

          a. Take  physical  possession of Inventory and Equipment and of Debtor
or  Corporation's  records  pertaining  to the  Collateral  (whether  Inventory,
Accounts  Receivable or General  Intangibles)  which are necessary to administer
properly  and control the  Collateral  or the  handling  and  collection  of the
Accounts  Receivable and sell,  lease or otherwise  dispose of the Collateral in
whole  or in  part,  at  public  or  private  sale,  on or off the  premises  of
Corporation;

          b. Require Debtor and  Corporation to assemble the Collateral to which
Debtor or  Corporation  has or is  entitled  to  possession  at a location to be
determined by Secured Party;

          c.  Collect  any and all  money due or to become  due and  enforce  in
Debtor's or Corporation's name all rights with respect to the Collateral;

                                       4
<PAGE>
          d.  Settle,  adjust or  compromise  any  dispute  with  respect to any
Account Receivable; or

          e. On behalf of Corporation,  endorse  checks,  notes,  drafts,  money
orders, instruments or other evidence of payment

     9.  Notice.  Any notice of any sale,  lease,  other  disposition,  or other
intended action by Secured Party shall be deemed  reasonable if it is in writing
and  deposited  in the  United  States  Mails  ten (10) days in  advance  of the
intended  disposition or other intended action, first class postage prepaid, and
addressed  to Debtor and  Corporation,  at the address set forth  below,  or any
other address designated ma written notice by Debtor and Corporation  previously
received by Secured Party

     10. Cumulative Remedies Waiver.

          a. Any and all remedies  herein  expressly  conferred upon the Secured
Party shall be deemed  cumulative  with,  and not exclusive of, any other remedy
conferred  hereby or by law on the Secured  Party,  and the  exercise of any one
remedy shall not preclude the exercise of any other.

          b.  Failure of the Secured  Party to  exercise  any rights it may have
upon Debtor's or Corporation's breach hereof or upon Debtor's default in payment
of the  Promissory  Note secured  hereby shall not release Debtor or Corporation
from any of its obligations  hereunder or under such  indebtedness,  unless such
waiver or release  be  expressed  in writing  signed by the  Secured  Party.  In
addition,  the waiver by the Secured  Party of any breach  hereof for default in
payment of the Promissory  Note secured hereby shall not be deemed to constitute
a waiver of any  succeeding  breach or  default  By  exercising  or  failing  to
exercise any of the options or elections  contained in this Security  Agreement.
The  Secured  Party  shall not be deemed to have waived any breach or default on
the part of Debtor or Corporation.

          c. Debtor and Corporation hereby waives any rights or privileges which
it or its creditors might otherwise have to require the Secured Party to proceed
against the assets  encumbered  hereby in any particular  order or fashion under
any legal or equitable  doctrine or principle of marshaling  and/or  suretyship,
and further agrees that upon default,  the Secured Party may proceed to exercise
any or all remedies with regard to any or all assets  encumbered  hereby in such
manner and order as the Secured Party, in his sole discretion, may determine.

     11.  Duration.  This  Agreement  shall remain in effect from the date first
above mentioned until all of the Obligations have been fully satisfied.

     12. Assigns. This Agreement and all rights and liabilities hereunder and in
and to any and all  Collateral  shall inure to the benefit of Secured  party and
its  successors  and assigns,  and shall be binding on Debtor,  Corporation  and
their respective successors and assigns.

     13.  Definition of terms. The terms and provisions  contained herein shall,
unless the context  otherwise  requires,  have the meaning and be  construed  as
provided in the Uniform Commercial Code, as adopted by the State of Arizona.

     14.  Construction  of Agreement.  Any provision  hereof which may be deemed
invalid or unenforceable under any applicable laws or a governmental  regulation
shall be deemed to be omitted  herefrom or shall be deemed to be  modified  such
that  it  will  comply  with  such  law  or   regulation.   The   invalidity  or
unenforceability  of any provision  contained  herein shall not  invalidate  the
remaining provisions of this Security Agreement

     15.  Modification.  No modification of this Security  Agreement,  except as
provided in  paragraph  14 herein,  or waiver of any  provision  hereof shall be
deemed  effective  unless in writing and signed by all parties  hereto,  and any
waiver granted shall not be deemed  effective except for the instance and in the
circumstances particularly specified therein.

                                       5
<PAGE>
     16. Subordination. The Security Agreement granted herein shall constitute a
first-position  purchase money security interest  notwithstanding the foregoing,
the  security  interest  granted  herein  shall be  subordinate  to the security
interest of Heritage  Bank in and to the  Collateral  in an amount not to exceed
$600,000.00.

ADDRESS.                                 "DEBTOR"

_____________________                    CIRCUIT SOURCE INTERNATIONAL, INC.
_____________________

                                         By:  /s/ James Keaton
                                              ------------------------
                                         Its: President
                                              ------------------------

ADDRESS.                                 "SECURED PARTY"

                                         WILLIAM C. MALONE

                                         "CORPORATION"

                                         AVANTI CIRCUITS, INC.

                                         By:  /s/ William C. Malone
                                              ------------------------
                                         Its: President
                                              ------------------------

                                       6
<PAGE>
                                   EXHIBIT "A"
                            (ATTACH COPY OF THE NOTE)

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