Document:

<PAGE>

                                                                    EXHIBIT 10.1

                           FOURTH AMENDED AND RESTATED

                             STOCKHOLDERS AGREEMENT

                                      among

                                IFX CORPORATION,

                         UBS CAPITAL AMERICAS III, L.P.,

                                UBS CAPITAL LLC,

                    INTERNATIONAL TECHNOLOGY INVESTMENTS, LC,

                                JOEL EIDELSTEIN,

                                 MICHAEL SHALOM,

                                    LSC, LLC,

                                  JAK BURSZTYN,

                                       and

                                  LEE S. CASTY

                            dated as of June 28, 2002

<PAGE>

                                 IFX CORPORATION

               FOURTH AMENDED AND RESTATED STOCKHOLDERS AGREEMENT

         THIS FOURTH AMENDED AND RESTATED STOCKHOLDERS AGREEMENT (this
"Agreement") is entered as of June 28, 2002, among IFX CORPORATION, a Delaware
corporation (the "Company"), UBS CAPITAL AMERICAS III, L.P., a Jersey, Channel
Islands limited partnership, and UBS CAPITAL LLC, a Delaware limited liability
company (collectively, "UBS" and together with successors and assigns, the
"Investor Stockholders"), INTERNATIONAL TECHNOLOGY INVESTMENTS, LC, a Nevada
limited liability company ("ITI"), JOEL EIDELSTEIN, individually ("Eidelstein"),
MICHAEL SHALOM, individually ("Shalom"), JAK BURSZTYN, individually
("Bursztyn"), LSC, LLC, a Delaware limited liability company ("LSC") and LEE S.
CASTY ("Casty"; ITI, LSC, Shalom, Eidelstein, Bursztyn, Casty and any other
Person who becomes a party to this Agreement pursuant to the last sentence of
Section 5.2, individually, a "Stockholder," and collectively, the
"Stockholders").

                                    RECITALS

         WHEREAS, the Company and the Investor Stockholders entered into that
certain IFX Corporation Preferred Stock Purchase Agreement, dated as of June 15,
2000, pursuant to which the Investor Stockholders purchased 2,030,869 shares of
Series A Preferred Stock; and

         WHEREAS, as a condition to and in consideration of the Investor
Stockholders' purchase of Series A Preferred Stock, the Company, the Investor
Stockholders and certain of the Stockholders entered into that certain Amended
and Restated Stockholders Agreement dated as of June 15, 2000; and

         WHEREAS, the Company and the Investor Stockholders entered into that
certain IFX Corporation Preferred Stock Purchase Agreement, dated March 13,
2001, pursuant to which the Investor Stockholders purchased 4,418,262 shares of
Series B Preferred Stock; and

         WHEREAS, as a condition to and in consideration of the Investor
Stockholders' purchase of Series B Preferred Stock, the Company, the Investor
Stockholders, Casty Grantor Subtrust and certain of the Stockholders (except
Casty) entered into that certain Second Amended and Restated Stockholders
Agreement dated as of May 7, 2001; and

         WHEREAS, the Company and the Investor Stockholders entered into the IFX
Corporation Series C Convertible Preferred Stock Purchase Agreement, dated
October 11, 2001, pursuant to which the Investor Stockholders acquired 3,833,333
shares of newly issued Series C Preferred Stock; and

         WHEREAS, as a condition to and in consideration of the Investor
Stockholders' purchase of Series C Preferred Stock, the Company, the Investor
Stockholders and certain

<PAGE>

of the Stockholders entered into that certain Third Amended and Restated
Stockholders Agreement dated as of February 19, 2002 (the "Existing Agreement");
and

         WHEREAS, the Company, the Investor Stockholders, LSC, Bursztyn and ITI
have entered into the IFX Corporation Series D Convertible Preferred Stock
Purchase Agreement, dated February 19, 2002 (the "Stock Purchase Agreement"),
pursuant to which the Investor Stockholders, ITI, Bursztyn and LSC will acquire
shares of newly issued Series D Preferred Stock; and

         WHEREAS, as a condition to and in consideration of the purchase of
Series D Preferred Stock by UBS, ITI, Bursztyn and LSC, the Company, the
Investor Stockholders, and the Stockholders have agreed to amend and restate the
Existing Agreement as set forth below.

         NOW, THEREFORE, in consideration of the mutual covenants and agreements
contained in this Agreement and for other valuable consideration the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

                                    ARTICLE I

                                   DEFINITIONS

         SECTION 1.1 Certain Defined Terms. As used herein, the following terms
shall have the following meanings:

         "Affiliate" of a specified Person shall mean (a) any Person that
directly or indirectly, through one or more intermediaries, controls, is
controlled by, or is under common control with, such specified Person, (b) in
the case of a natural Person, such Person's spouse, parent or lineal descendant
(whether by blood or adoption and including stepchildren), a trust primarily for
the benefit of such Person and the foregoing, (c) in the case of a trust any
Person with whom the beneficiaries of the Trust are Affiliates, or (d) in the
case of UBS, (i) any company under the direct or indirect control of UBS AG (a
"UBS Group Company") and/or any partnership or unincorporated association under
the direct or indirect control of any UBS Group Company which includes, without
limiting the generality of the foregoing, any limited partnership the general
partner of which is a UBS Group Company and any limited liability company the
managing member of which is a UBS Group Company, and (ii) any alternative
investment vehicle formed by either of the foregoing, or any other entity (x) in
which UBS AG directly or indirectly owns at least 20% of the equity interests
and (y) is advised or managed (whether pursuant to contract, as general partner,
managing member or otherwise) by an entity in which UBS AG has a direct or
indirect equity interest.

         "Agent" has the meaning assigned to such term in Section 5.13.

         "as converted" has the meaning assigned to such term in Section 2.3.

         "beneficial owner" or "beneficially own" has the meaning given such
term in Rule 13d-3 under the Exchange Act and a Person's beneficial ownership of
Common

                                       2

<PAGE>

Stock, Preferred Stock or other Voting Securities of the Company shall be
calculated in accordance with the provisions of such Rule; provided, however,
that for purposes of determining beneficial ownership, (i) a Person shall be
deemed to be the beneficial owner of any security which may be acquired by such
Person whether within 60 days or thereafter, upon the conversion, exchange or
exercise of any warrants, options, rights or other securities and (ii) no Person
shall be deemed to beneficially own any security solely as a result of such
Person's execution of this Agreement.

         "Board" means the Board of Directors of the Company.

         "Bona Fide Purchaser" means, with respect to a proposed Transfer of
Equity Securities, any transferee of Equity Securities who or which (a) is not
an Affiliate of the Investor Stockholders and (b) has delivered a good faith
written offer to purchase Equity Securities.

         "Bursztyn" has the meaning assigned to such term in the preamble.

         "Business Day" means any day that is not a Saturday, a Sunday or other
day on which banks are required or authorized by law to be closed in New York
City on the city of Miami, Florida.

         "Buyer" has the meaning assigned to such term in Section 3.6.

         "Bylaws" means the Bylaws of the Company, as in effect on the date
hereof and as the same may be amended, supplemented or otherwise modified from
time to time in accordance with the terms thereof, the terms of the Certificate
and the terms of this Agreement.

         "Capital Stock" means, with respect to any Person at any time, any and
all shares, interests, participations or other equivalents (however designated,
whether voting or non-voting) of capital stock, partnership interests (whether
general or limited) or equivalent ownership interests in or issued by such
Person, and includes, in the case of the Company without limitation, any and all
shares of Common Stock and Preferred Stock.

         "Casty" has the meaning assigned to such term in the preamble.

         "Certificate" means the Certificate of Incorporation of the Company, as
in effect on the date hereof and as the same may be amended, supplemented or
otherwise modified from time to time in accordance with the terms thereof.

         "Certificates of Designation" means, collectively, the Series A
Certificate of Designation, the Series B Certificate of Designation, the Series
C Certificate of Designation, the Series D Certificate of Designation and any
other Certificate of Designation approved and filed by the Company with the
Secretary of State of the State of Delaware.

         "Closing" has the meaning assigned to such term in the Stock Purchase
Agreement.

                                       3

<PAGE>

     "Common Stock" means the common stock, par value $0.02 per share, of the
Company and any securities issued in respect thereof, or in substitution
therefor, in connection with any stock split, dividend or combination, or any
reclassification, recapitalization, merger, consolidation, exchange or other
similar reorganization.

     "Control" (including the terms "controlled by" and "under common control
with"), with respect to the relationship between or among two or more Persons,
means the possession, directly or indirectly, of the power to direct or cause
the direction of the affairs or management of a Person, whether through the
ownership of voting securities, as trustee or executor, by contract or
otherwise.

     "Director" means any member of the Board.

     "Eidelstein" has the meaning assigned to such term in the preamble.

     "Equity Securities" means any and all shares of Capital Stock of the
Company, securities of the Company convertible into, or exchangeable or
exercisable for, such shares, and options, warrants or other rights to acquire
such shares.

     "Exchange Act" means the Securities Exchange Act of 1934, as amended, or
any similar federal statute and the rules and regulations promulgated
thereunder.

     "Family" means any spouse, lineal ancestor or descendant, brother or sister

     "Holder" means an Investor Stockholder and any other holder of Equity
Securities who or which is a permitted transferee of an Investor Stockholder
pursuant to Section 3.1(c).

     "Independent Director" has the meaning specified in Rule 4200(a)(14) of the
NASD listing standards, as in effect on the date hereof and as the same may be
amended or supplemented, or in any successor rule or regulation.

     "Independent Representative" has the meaning assigned to such term in
Section 2.1(a).

     "Investor Representative" has the meaning assigned to such term in Section
2.1(a).

     "ITI" has the meaning assigned to such term in the preamble.

     "LSC" has the meaning assigned to such term in the preamble.

     "NASD" means the National Association of Securities Dealers, Inc.

     "Offer" has the meaning assigned to such term in Section 3.5(a).

     "Offered Shares" has the meaning assigned to such term in Section 3.5(a).

     "Permitted Sales" means (i) in the case of ITI and Shalom, the Transfers
permitted in the first sentence of Section 3.3(a), (ii) in the case of
Eidelstein or Bursztyn,

                                        4

<PAGE>

the Transfers permitted in the second sentence of Section 3.3(a), (iii) in the
case of Casty or LSC, any Transfer described in the first sentence of Section
3.4(a) hereof, and (iv) in the case of any other Stockholder, Transfers to or
among such Stockholder's Affiliates.

     "Person" means any individual, corporation, limited liability company,
limited or general partnership, joint venture, association, joint-stock company,
trust, unincorporated organization, government or any agency or political
subdivisions thereof or any other entity.

     "Preferred Stock" means the Series A Preferred Stock, Series B Preferred
Stock, Series C Preferred Stock, Series D Preferred Stock and any other class or
series of preferred stock of the Company which is convertible, directly or
indirectly, into Common Stock, whether at the time of issuance or upon passage
of time or the occurrence of some future event.

     "Proposed Transferee" has the meaning assigned to such term in Section
3.5(a).

     "Pro Rata Fraction" has the meaning assigned to such term in Section
3.5(c).

     "Qualified Public Offering" has the meaning assigned to such term in the
Stock Purchase Agreement.

     "Registration Rights Agreement" has the meaning assigned to such term in
the Stock Purchase Agreement.

     "Representatives" has the meaning assigned to such term in Section 2.1(b).

     "SEC" means the U.S. Securities and Exchange Commission or any other
federal agency then administering the federal securities laws.

     "Securities Act" has the meaning assigned to such term in Section 3.1.

     "Seller" has the meaning assigned to such term in Section 3.5(a).

     "Series A Certificate of Designation" means the Amended Certificate of
Designation, Number, Powers, Preferences and Relative, Participating, Optional
and Other Rights of Series A Convertible Preferred Stock of the Company in the
form filed with the Secretary of State of the State of Delaware, as amended from
time to time.

     "Series B Certificate of Designation" means the Amended Certificate of
Designation, Number, Powers, Preferences and Relative, Participating, Optional
and Other Rights of Series B Convertible Preferred Stock of the Company in the
form filed with the Secretary of State of the State of Delaware, as amended from
time to time.

     "Series C Certificate of Designation" means the Certificate of Designation,
Number, Powers, Preferences and Relative, Participating, Optional and Other
Rights of Series C Convertible Preferred Stock of the Company in the form filed
with the Secretary of State of the State of Delaware, as amended from time to
time.

                                        5

<PAGE>

     "Series D Certificate of Designation" means the Certificate of Designation,
Number, Powers, Preferences and Relative, Participating, Optional and Other
Rights of Series D Convertible Preferred Stock of the Company in the form filed
with the Secretary of State of the State of Delaware, as amended from time to
time.

     "Series A Preferred Stock" means the Series A Convertible Preferred Stock,
par value $1.00 per share, of the Company.

     "Series B Preferred Stock" means the Series B Convertible Preferred Stock,
par value $1.00 per share, of the Company.

     "Series C Preferred Stock" means the Series C Convertible Preferred Stock,
par value $1.00 per share, of the Company.

     "Series D Preferred Stock" means the Series D Convertible Preferred Stock,
par value $1.00 per share, of the Company.

     "Shalom" has the meaning assigned to such term in the preamble.

     "Stockholders" has the meaning assigned to such term in the preamble.

     "Stock Purchase Agreement" has the meaning assigned to such term in the
recitals.

     "Transfer" means, directly or indirectly, to sell, transfer, assign,
pledge, encumber, hypothecate or similarly dispose of, either voluntarily or
involuntarily, or to enter into any contract, option or other arrangement or
understanding with respect to the sale, transfer, assignment, pledge,
encumbrance, hypothecation or similar disposition of, any shares of Equity
Securities beneficially owned by a Person or any interest in any shares of
Equity Securities beneficially owned by a Person.

     "UBS" means (i) UBS Capital Americas III, L.P., a Jersey, Channel Islands
limited partnership, (ii) UBS Capital LLC, a Delaware limited liability Company,
and (iii) any Affiliate of UBS, individually and collectively.

     "Voting Securities" means, at any time, shares of any class of Equity
Securities of the Company which are then entitled to vote generally in the
election of Directors.

     SECTION 1.2  Other Definitional Provisions.

          (a)  The words "hereof", "herein" and "hereunder" and words of similar
  import when used in this Agreement shall refer to this Agreement as a whole
  and not to any particular provision of this Agreement, and Article and Section
  references are to this Agreement unless otherwise specified.

          (b)  The meanings given to terms defined herein shall be equally
  applicable to both the singular and plural forms of such terms.

                                        6

<PAGE>

                                   ARTICLE II

                              CORPORATE GOVERNANCE

          SECTION 2.1  Board Representation.

          (a)  Effective on the date hereof, the Board shall be comprised of
  seven (7) Directors of whom: (i) three (3) shall be designees of the Investor
  Stockholders (the "Investor Representatives"), (ii) one (1) shall be the
  designee of ITI (the "ITI Representative"), (iii) one (1) shall be the
  designee of Casty (the "Casty Representative"), (iv) one (1) shall be an
  Independent Director designated by the Investor Stockholders (the "Investor
  Independent Representative") and (v) one (1) shall be an Independent Director
  acceptable to the Investor Stockholders, Casty and ITI (with such consents not
  to be unreasonably withheld or delayed) (the "Independent Representative").
  The initial Investor Representatives shall be Richard Capone, Mark O. Lama and
  George Duarte, the initial ITI Representative shall be Shalom, the initial
  Casty Representative shall be Eidelstein, the initial Investor Independent
  Representative shall be Patrick Delhougne and the initial Independent
  Representative shall be Burton Meyer. For purposes hereof, each of the three
  Investor Representatives and the Investor Independent Representative shall
  count as one of the four Preferred Directors (as defined in the Certificates
  of Designation).

          (b)  The Company shall take such action as may be required under
  applicable law (i) to cause the Board to consist of the number of Directors
  specified in clause (a), (ii) to include in the slate of nominees recommended
  by the Board the Investor Representatives, the ITI Representative, the Casty
  Representative, the Investor Independent Representative and the Independent
  Representative (collectively, the "Representatives"), and (iii) to cause the
  Representatives to be duly appointed in accordance with the foregoing and, in
  the case of the Investor Representatives, in accordance with the Certificates
  of Designation. The Company agrees to use its reasonable best efforts to cause
  the election of the Representatives to the Board, including nominating such
  individuals to be elected as Directors as provided herein.

          (c)  Each of the Investor Stockholders and the Stockholders agrees to
  vote, or act by written consent with respect to any Voting Securities
  beneficially owned by him or it, at each annual or special meeting of the
  stockholders of the Company at which Directors are to be elected or to take
  all actions by written consent in lieu of any such meeting as are necessary to
  cause the Representatives designated by the others in accordance with the
  terms of this Agreement to be elected to the Board and agrees to use his or
  its reasonable best efforts to cause the election of each such designee to the
  Board, including nominating such individuals to be elected as Directors.

          (d)  In the event that a vacancy is created at any time by the death,
  disability, retirement, resignation or removal (with or without cause) of any
  Representative, the remaining Directors and the Company shall cause the
  vacancy created thereby to be filled by a new designee of the party or parties
  that designated such Director as soon as possible, who is designated in the
  manner specified in this

                                        7

<PAGE>

     Section 2.1. Each of the Company, Investor Stockholders and the
     Stockholders hereby agrees to take, at any time and from time to time, all
     actions necessary to accomplish the same. Upon the written request of any
     party who is entitled to designate a Representative, each of the Investor
     Stockholders and Stockholders shall vote, or act by written consent with
     respect to all Voting Securities beneficially owned by him or it and
     otherwise take or cause to be taken all actions necessary to remove any
     Director designated by such party. Unless, any party who is entitled to
     designated a Representative shall otherwise request in writing, none of the
     others shall take any action to cause the removal of any Director
     designated by the former.

               (e)  Each of the Company, the Investor Stockholders and the
     Stockholders agrees not to take any action that would cause the number of
     Directors constituting the entire Board to be other than the number
     provided in Section 2.1(a) without the written consent of each other party
     entitled to designate a Representative.

               (f)  The covenants and agreements set forth herein shall be
     subject to the fiduciary obligations of the Representatives now or
     hereafter serving on the Board and shall not prevent the Representatives
     now or hereafter serving on the Board from taking any action or refraining
     to take any action while acting in the capacity as a Director of the
     Company. The foregoing shall not limit the rights or obligations of the
     Investor Stockholders, ITI and Casty in their capacity as stockholders of
     the Company hereunder.

          SECTION 2.2 Committees. The Company shall, except as provided below,
by amending its Bylaws or otherwise, establish and maintain a Compensation
Committee and an Audit Committee of the Board which satisfies the requirements
of this Section. The Compensation Committee shall consist of three (3)
Directors, one (1) of whom shall be an Investor Representative and two (2) of
whom shall be Independent Representatives. The Audit Committee shall consist of
three (3) Directors, one (1) of whom shall be an Investor Representative and two
(2) of whom shall be Independent Representatives. The Compensation Committee
shall have responsibility for compensation matters customarily addressed by
compensation committees of similarly situated companies and shall have the full
power and authority of the Board with respect thereto, except as limited by
applicable law. The Audit Committee shall have responsibility for matters
customarily addressed by audit committees of similarly situated companies and
shall have the full power and authority of the Board with respect thereto,
except as limited by applicable law. Notwithstanding anything to the contrary
herein, the Investor Stockholders and the Stockholders acknowledge and agree
that the composition of the Compensation and Audit Committees must satisfy any
applicable rules and regulations of the SEC and the NASD as in effect from time
to time.

          SECTION 2.3 Termination of Rights.

               (a) Except with respect to the rights of the Investor
     Stockholders as provided in subparagraph (b) below, Sections 2.1 and 2.2
     shall terminate upon a Qualified Public Offering. Prior to a Qualified
     Public Offering, the rights of the Investor Stockholders and any
     Stockholder under Sections 2.1 and 2.2 (and the corresponding obligation of
     the Stockholders) shall terminate at such time as such Investor Stockholder
     or Stockholders, as the case may be (together with their

                                       8

<PAGE>

     respective Affiliates), ceases to own at least 25% of the number of shares
     of Common Stock on an as converted basis that such Investor Stockholder or
     Stockholders held (together with their respective Affiliates) as of
     Closing.

               (b)  The rights of the Investor Stockholders under Sections 2.1
     and 2.2 (and the corresponding obligations of the Stockholders) shall
     survive a Qualified Public Offering, provided that, at such time as the
     Investor Stockholders and their Affiliates shall cease to own in the
     aggregate at least 25% of the number of shares of Common Stock (determined
     with respect to the Preferred Stock and any other Equity Securities owned
     by the Investor Stockholders and their Affiliates that are convertible into
     (whether or not, in the case of the Preferred Stock, such Preferred Stock
     is then currently convertible at the option of the holder into Common
     Stock), or exchangeable or exercisable for Common Stock, on an
     as-converted, exchanged or exercised basis (any determination made in
     accordance with the foregoing shall hereinafter be referred to as "as
     converted")) that the Investor Stockholders and such Affiliates held as of
     the Closing (adjusted for stock splits, combinations, stock dividends and
     the like), the Investor Stockholders shall cease to have the right to
     designate Directors pursuant to Section 2.1 and members of the Compensation
     Committee and Audit Committee pursuant to Section 2.2 and all other rights
     of the Investor Stockholders under this Article II shall terminate.

                                   ARTICLE III

                                    TRANSFERS

          SECTION 3.1 Investor Stockholder Transfers. Each Investor Stockholder
hereby agrees that it shall not Transfer any shares of its Equity Securities,
unless such Transfer is effected through (a) a public offering registered under
the Securities Act of 1933, as amended, and the rules and regulations
promulgated thereunder (the "Securities Act"), (b) sales made pursuant to Rule
144 under the Securities Act, or any successor provisions or (c) a Transfer
otherwise permitted hereunder and in compliance herewith. Any Equity Securities
Transferred pursuant to clause (a) or (b) shall no longer be subject to this
Agreement. Each transferee Holder under clause (c) shall agree in writing as a
condition to such Transfer, to be bound by all of the provisions of this
Agreement to the same extent as if such transferee were the transferring
Investor Stockholder, and all stock certificates representing shares transferred
to such transferee shall bear a legend providing notice of the restrictions
contained in this Agreement.

          SECTION 3.2 Stockholder Transfers. Each Stockholder hereby agrees that
it shall not Transfer any shares of its Equity Securities, unless such Transfer
is effected through (a) a public offering registered under the Securities Act,
(b) sales made pursuant to Rule 144 under the Securities Act or any successor
provisions or (c) a Transfer otherwise permitted hereunder and in compliance
herewith. Any Equity Securities Transferred pursuant to clauses (a) or (b) shall
no longer be subject to this Agreement, except as provided herein. Each
transferee under clause (c) shall agree in writing as a condition to such
Transfer, to be bound by all of the provisions of this Agreement to the same
extent as if such transferee were the transferring Stockholder, and all stock

                                       9

<PAGE>

certificates representing shares transferred to such transferee shall bear a
legend providing notice of the restrictions contained in this Agreement.

          SECTION 3.3 Transfers by Eidelstein, Bursztyn, ITI and Shalom.

               (a)  ITI and Shalom agree that neither such Stockholder nor any
     of its Affiliates shall Transfer more than 25,000 shares of Common Stock
     during any calendar quarter, in each case, without the written consent of
     the Investor Stockholders, which consent shall not be unreasonably withheld
     or delayed, or without compliance with Sections 3.5 and 3.6; provided that
     Transfers by ITI and Shalom shall be aggregated for purposes of the
     foregoing. Each of Bursztyn and Eidelstein hereby agrees that neither of
     them nor any of their respective Affiliates shall Transfer more than 25,000
     shares of Common Stock (determined with respect to each of Bursztyn and
     Eidelstein separately) during any calendar quarter without the written
     consent of the Investor Stockholders, which consent shall not be
     unreasonably withheld or delayed, or without compliance with Sections 3.5
     and 3.6. Notwithstanding the foregoing, Eidelstein, Bursztyn, ITI or Shalom
     may Transfer all or any of their Equity Securities (x) to any member of
     such Stockholder's Family or to any trust for the benefit of any such
     Family member of such Stockholder or to any other Affiliate (including,
     without limitation, the members of ITI), provided that any such transferee
     shall agree in writing with the Company and the Investor Stockholders as a
     condition to such Transfer, to be bound by all of the provisions of this
     Agreement to the same extent as if such transferee were such Stockholder,
     or (y) by will or the laws of descent and distribution; provided, however,
     in such event each such transferee shall be bound by all of the provisions
     of this Agreement to the same extent as if such transferee were such
     Stockholder; and provided, further, that each such transferee shall execute
     an irrevocable proxy appointing ___________________________________ as
     proxy to vote all such shares so transferred, such appointment shall be
     coupled with an interest, and all stock certificates representing such
     shares shall bear a legend providing notice of such appointment of proxy
     and the restrictions contained in this Agreement.

               (b)  The Transfer restrictions contained in Section 3.3(a) shall
     terminate upon the earlier of: (i) a Qualified Public Offering and (ii) the
     time at which the Investor Stockholders and the other Holders own less than
     20% of the Common Stock (on an as converted basis) that the Investor
     Stockholders owned as of the Closing.

          SECTION 3.4 Transfers by LSC and Casty.

               (a)  Casty and LSC agree that neither they nor any of their
     Affiliates shall Transfer, during any calendar quarter, more than the
     number of Shares of Common Stock permitted under Rule 144(e) of the
     Securities Act measured as of the last day of such calendar quarter plus
     50% of the number of Shares of Common Stock which were eligible for sale
     (but not sold under this Section 3.4(a)) during the preceding calendar
     quarters (beginning with the calendar quarter ending March 31, 2001),
     without the written consent of the Investor Stockholders, which consent
     shall not be unreasonably withheld or delayed, or without compliance with
     Sections 3.5 and 3.6. Notwithstanding the foregoing, Casty or LSC may
     Transfer all or any of

                                       10

<PAGE>

     their Equity Securities (x) to any member of such Stockholder's Family, to
     any trust for the benefit of any such Family member of such Stockholder or
     to any other Affiliate, provided that any such transferee shall agree in
     writing as a condition to such Transfer, to be bound by all of the
     provisions of this Agreement to the same extent as if such transferee were
     such Stockholder, or (y) by will or the laws of descent and distribution;
     provided, however, in such event each such transferee shall be bound by all
     of the provisions of this Agreement to the same extent as if such
     transferee were such Stockholder; and provided, further, that each such
     transferee shall execute an irrevocable proxy appointing Joel Eidelstein as
     proxy to vote all such shares so transferred, such appointment shall be
     coupled with an interest, and all stock certificates representing such
     shares shall bear a legend providing notice of such appointment of proxy
     and the restrictions contained in this Agreement. Notwithstanding anything
     contained in this Agreement to the contrary, the number of shares that
     Casty shall be deemed to be permitted to transfer under Rule 144(e) of the
     Securities Act shall include all shares of Common Stock owned by him which
     were not received on exercise of any Company Preferred Stock.

               (b)  The Transfer restrictions contained in Section 3.4(a) shall
     terminate upon the earlier of: (i) a Qualified Public Offering and (ii) the
     time at which the Investor Stockholders and the other Holders own less than
     20% of the Common Stock (on an as converted basis) that the Investor
     Stockholders owned as of the Closing.

         SECTION 3.4A. Former Tutopia Stockholders. If a Person who was a common
stockholder of Tutopia.com, Inc. becomes a party to this Agreement directly as a
result of Section 2(e) of the Amended and Restated Put Agreement ("Put
Agreement") dated as of June 28, 2002, then with respect to any Equity
Securities received in connection with the Put Agreement (but not with respect
to any Equity Securities otherwise held by such Person), such Person (other than
Bursztyn) shall be free to Transfer such Equity Securities received under the
Put Agreement, subject to compliance with Sections 3.5 and 3.6 hereof.
Notwithstanding the foregoing, each such stockholder may Transfer any of their
Equity Securities received in connection with the Put Agreement: (a) to any
member of such Stockholder's Family or to any trust for the benefit of any such
Family member of such Stockholder or to any other Affiliate, provided that each
such transferee shall agree in writing to be bound by all of the provisions of
this Agreement to the same extent as if such transferee were such Stockholder or
(b) by will or the laws of descent and distribution; provided, however, in such
event each such transferee shall be bound by all of the provisions of this
Agreement to the same extent as if such transferee were such Stockholder; and
provided, further, that each such transferee shall execute an irrevocable proxy
appointing Joel Eidelstein as proxy to vote all such shares so transferred, such
appointment shall be coupled with an interest, and all stock certificates
representing such shares shall bear a legend providing notice of such
appointment of proxy and the restrictions contained in this Agreement.
Notwithstanding anything contained herein to the contrary, Sections 3.5 and 3.6
will not apply to a Person described in the first sentence of this Section 3.4A
with respect to any Common Stock of the Company that such Person did not receive
by exercising his rights under the Put Agreement.

         SECTION 3.5  Right of First Refusal on Certain Transfers.

                                       11

<PAGE>

          (a)  If at any time a Stockholder or any of his/its Affiliates, other
than the Company, desires to Transfer all or any part of their Equity Securities
(other than pursuant to Permitted Sales) to any Person (the "Proposed
Transferee"), such Stockholder (the "Seller") shall, except as provided below,
submit a written offer (the "Offer") to sell such Equity Securities (the
"Offered Shares"), first to the Company, and second to the Holders, on the same
terms and conditions on which the Seller proposes to sell such Offered Shares to
the Proposed Transferee. The parties acknowledge and agree that any Transfer
described in the second sentence of Section 3.4(a) or the last sentence of
Section 3.3(a) shall not be subject to the terms of this Section. The Offer
shall disclose the identity of the Proposed Transferee, the Offered Shares
proposed to be sold, the terms and conditions, including price, of the proposed
sale, and any other material facts relating to the proposed sale. The Offer
shall further state that the Company and the Holders may acquire, in accordance
with the provisions of this Agreement, all or any portion of the Offered Shares
for the price and upon the other terms and conditions, including deferred
payment (if applicable), set forth therein.

          (b)  Upon receipt of the Offer, if the Company desires to purchase all
or any part of the Offered Shares, the Company shall communicate in writing its
election to purchase to the Seller, which communication shall state the number
of Offered Shares the Company desires to purchase and shall be given to the
Seller in accordance with Section 5.4 below within thirty (30) days of the date
the Offer was made. Such notice shall, when taken in conjunction with the Offer,
be deemed to constitute a valid, legally binding and enforceable agreement for
the sale to, and purchase by, the Company of the number of Offered Shares
specified by the Company in such notice and on the terms of the Offer. Sales of
the Offered Shares to be sold to the Company pursuant to this Section 3.5(b)
shall be made at the offices of the Company on the 45th day following the date
the Offer was made (or if such 45th day is not a Business Day, then on the next
succeeding Business Day). Such sales shall be effected by the Seller's delivery
to the Company of a certificate or certificates evidencing the Offered Shares to
be purchased by it, duly endorsed for transfer to the Company, against payment
to the Seller of the purchase price therefor by the Company.

          (c)  Each Holder shall, subject to the prior purchase right of the
Company, have the absolute right to purchase that number of Offered Shares not
purchased by the Company as shall be equal to the number of Offered Shares not
purchased by the Company multiplied by a fraction, the numerator of which shall
be the number of shares of Common Stock (determined on an as converted basis)
then owned by such Holder and the denominator of which shall be the aggregate
number of shares of Common Stock (determined on an as converted basis) then
owned by all of the Holders. The amount of Offered Shares that each Holder is
entitled to purchase under this Section 3.5(c) shall be referred to as its "Pro
Rata Fraction." The Holders shall have a right of oversubscription such that if
any Holder fails to accept the Offer as to its Pro Rata Fraction, the other
Holders shall, among them, have the right to purchase up to the balance of the
Offered Shares not so purchased. Such right of oversubscription may be exercised
by a Holder by accepting the Offer as to more than its Pro Rata Fraction. If, as
a result thereof, such oversubscriptions exceed the total number of Offered
Shares available in respect of such oversubscription privilege, the
oversubscribing Holders shall be cut back with respect to their
oversubscriptions on a pro rata basis in accordance with

                                       12

<PAGE>

their respective Pro Rata Fractions or as they may otherwise agree among
themselves. If a Holder desires to purchase all or any portion of the Offered
Shares, said Holder shall communicate in writing its election to purchase to the
Seller and the Company, which communication shall state the number of Offered
Shares said Holder desires to purchase and shall be given to the Seller in
accordance with Section 5.4 below within thirty (30) days of the date the Offer
was made. Such communication shall, when taken in conjunction with the Offer, be
deemed to constitute a valid, legally binding and enforceable agreement for the
sale and purchase of such Offered Shares (subject to the aforesaid limitations
as to a Holder's right to purchase more than its Pro Rata Fraction) and on the
terms of the Offer. Sales of the Offered Shares to be sold to purchasing Holders
pursuant to this Section 3.5(c) shall be made at the offices of the Company on
the later of (i) the 45th day following the date the Offer was made (or if such
later of (i) the 45th day is not a Business Day, then on the next succeeding
Business Day) and (ii) the third Business Day following receipt of all material
governmental or other consents in connection with such sale. Such sales shall be
effected by the Seller's delivery to each purchasing Holder of a certificate or
certificates evidencing the Offered Shares to be purchased by it, duly endorsed
for transfer to such purchasing Holder, against payment to the Seller of the
purchase price therefor by such purchasing Holder.

          (d)  If the Holders and the Company do not purchase in the aggregate
all of the Offered Shares, the Offered Shares not so purchased may be sold by
the Seller at any time within 90 days after the date the Offer was made, subject
to the provisions of Section 3.6 hereof. Any such sale shall be to the Proposed
Transferee, at the price and upon the other terms and conditions specified in
the Offer. Any Offered Shares not sold within such 90-day period shall continue
to be subject to the requirements of a prior offer pursuant to this Section 3.5.
If Offered Shares are sold pursuant to this Section 3.5 to any purchaser who is
not a party to this Agreement, the Offered Shares so sold shall no longer be
subject to this Agreement.

          (e)  The provisions of this Section 3.5 shall terminate upon the
earlier of: (i) a Qualified Public Offering and (ii) the time at which the
Investor Stockholders and the other Holders own less than 20% of the Common
Stock (on an as converted basis) that the Investor Stockholders owned as of the
Closing.

     SECTION 3.6  Right of Participation in Sales by Stockholders.

          (a)  If at any time any of the Stockholders (the "Tag-Along Seller")
  desires to Transfer all or any part of the Equity Securities (other than
  pursuant to Permitted Sales) owned by such Tag-Along Seller to any Person
  other than Investor Stockholders (including the other Holders) (the "Buyer"),
  the Investor Stockholders shall, except as provided below, have the right to
  sell to the Buyer, as a condition to such sale by Tag-Along Seller, at the
  same price per share and on the same terms and conditions as involved in such
  sale by the Tag-Along Seller, a number of shares of Common Stock (on an as
  converted basis) equal to the number derived from multiplying the total number
  of shares of Common Stock (on an as converted basis) proposed to be sold by
  the Tag-Along Seller by a fraction, the numerator of which is the total number
  of shares of Common Stock (on an as converted basis) held by the Investor
  Stockholders and the denominator of which is the total number of shares of
  Common Stock (on an as converted basis) held by the Tag-Along Seller and the

                                       13

<PAGE>

  Investor Stockholders (including the other Holders). The parties acknowledge
  and agree that any Transfer described in the last sentence of Section 3.3(a)
  or the second sentence of Section 3.4(a) shall not be subject to the terms of
  this Section.

          (b)  Each Investor Stockholder wishing to so participate in any sale
  under this Section 3.6 shall notify the Tag-Along Seller in writing of such
  intention within twenty (20) days after the date of their receipt of the
  Offer.

          (c)  The Tag-Along Seller and each participating Investor Stockholder
  shall sell to the Buyer all, or at the option of the Buyer any part, of the
  Equity Securities proposed to be sold by them at the price and upon other
  terms and conditions contained in the Offer provided by the Tag-Along Seller
  under Section 3.5 above; provided, however, that any purchase of less than all
  of such Equity Securities by the Buyer shall be made from the Tag-Along Seller
  and each participating Investor Stockholder pro rata based upon the relative
  amount of the Equity Securities that the Tag-Along Seller and each
  participating Investor Stockholder is otherwise entitled to sell pursuant to
  Section 3.6(a).

          (d)  The provisions of this Section 3.6 shall terminate upon a
  Qualified Public Offering.

     SECTION 3.7  Right of Participation in Sales by Investor Stockholders.

          (a)  If at any time the Investor Stockholders desire to Transfer at
  least 40% of the Equity Securities owned in the aggregate by them and their
  Affiliates to any Person other than an Affiliate of the Investor Stockholders
  (the "Tag-Along Purchaser"), each of the other Stockholders, shall have the
  right to sell to the Tag-Along Purchaser, as a condition to such sale by the
  Investor Stockholders, at the price per share and on the terms and conditions
  applicable to the Common Stock set forth in the Tag-Along Purchaser's offer to
  the Investor Stockholders (the "Tag-Along Purchase Offer"), a number of shares
  of Common Stock equal to the number derived from multiplying the total number
  of shares of Common Stock (on an as converted basis) proposed to be sold by
  the Investor Stockholders by a fraction, the numerator of which is the total
  number of shares of Common Stock (on an as converted basis) held by such
  Stockholder and the denominator of which is the total number of shares of
  Common Stock (on an as converted basis) held by all Stockholders and the
  Investor Stockholders.

          (b)  Each Stockholder wishing to so participate in any sale under this
  Section 3.7 shall notify the Agent in writing of such intention within twenty
  (20) days after the date such Stockholder's receipt of the Tag-Along Purchase
  Offer.

          (c)  The Investor Stockholders and each participating Stockholder
  shall sell to the Tag-Along Purchaser all, or at the option of the Tag-Along
  Purchaser any part, of the Equity Securities proposed to be sold by them at
  the price per share and on the terms and conditions as set forth with respect
  to each class and series of Capital Stock in the Tag-Along Purchaser Offer;
  provided, however, that any purchase of less than all of such Equity
  Securities by the Tag-Along Purchaser shall be made from the Investor
  Stockholders and each participating Stockholder pro rata

                                       14

<PAGE>

  based upon the relative amount of the Equity Securities that the Investor
  Stockholder (including the other Holders) and each participating Stockholder
  is otherwise entitled to sell pursuant to Section 3.7(a).

          (d)  The provisions of this Section 3.7 shall terminate upon a
  Qualified Public Offering.

     SECTION 3.8  Drag-Along Rights.

          (a)  Subject to Section 3.8(c) hereof, if the Investor Stockholders
  (collectively, the "Drag-Along Transferor") approve a sale of (i) a majority
  of the outstanding shares of Common Stock on an as converted basis to a Bona
  Fide Purchaser or (ii) all or substantially all of the assets of the Company
  to a Bona Fide Purchaser (each an "Approved Sale"), whether by way of merger,
  consolidation, sale of stock or assets, or otherwise, all Stockholders shall
  consent to and raise no objections against the Approved Sale, and if the
  Approved Sale is structured as (A) a merger or consolidation of the Company or
  a subsidiary, or a sale of all or substantially all of the assets of the
  Company or a subsidiary, each Stockholder shall waive any dissenters rights,
  appraisal rights or similar rights in connection with such merger,
  consolidation or asset sale, or (B) a sale of a majority of the outstanding
  shares of Common Stock on an as converted basis the Stockholders shall agree
  to sell their respective proportionate percentages of the Common Stock on an
  as converted basis which are the subject of the Approved Sale, on the same
  terms and conditions as applicable to the Common Stock of the Drag-Along
  Transferor. The Stockholders shall take all actions reasonably requested by
  the Drag Along Transferor in connection with the consummation of the Approved
  Sale, including the execution of all agreements and such instruments and other
  actions requested by the Drag Along Transferor to provide the representations,
  warranties, indemnities, covenants, conditions, agreements, escrow agreements
  and other provisions and agreements relating to such Approved Sale; provided,
  however, that each participating Stockholder's liability under any such
  agreement or instrument shall be limited to his/her/its proportionate
  percentage of such liability (based on the number of shares of Common Stock on
  an as converted basis held by such Stockholder which are subject to the
  Approved Sale) and shall not exceed the proceeds received by such Stockholder.
  The Stockholders shall be permitted to sell their Equity Securities pursuant
  to an Approved Sale without complying with the provisions of Sections 3.1,
  3.2, 3.3, 3.4, 3.5, 3.6 and 3.7 of this Agreement.

          (b)  If the Company and/or the Drag-Along Transferor or their
  representatives, enter into any negotiation or transaction for which
  Regulation D under the Securities Act (or any similar rule or regulation then
  in effect) may be available with respect to such negotiation or transaction
  (including a merger, consolidation or other reorganization), each Stockholder
  who is not an accredited investor (as such term is defined in Rule 501 under
  the Securities Act) will, at the request of the Company or the Drag Along
  Transferor, appoint a purchaser representative (as such term is defined in
  Rule 501 under the Securities Act) reasonably acceptable to the Company and
  such Drag Along Transferor.

                                       15

<PAGE>

          (c)  At the closing of the Approved Sale, each of the Stockholders
shall (a) execute any documents or instruments reasonably requested by the Bona
Fide Purchaser, and (b) deliver to the Bona Fide Purchaser certificates for the
Equity Securities, duly endorsed or accompanied by duly executed stock
assignments separate from certificate, free and clear of all encumbrances (other
than those created pursuant to this Agreement), against delivery by the Bona
Fide Purchaser of the consideration (including a certified check for the cash
portion of such consideration) for the total sales price of the Equity
Securities being sold by such Stockholder.

          (d)  The provisions of this Section 3.8 shall terminate upon
consummation of a Qualified Public Offering.

                                   ARTICLE IV

                         APPROVAL RIGHTS OF STOCKHOLDERS

     SECTION 4.1 Stockholder Approval Rights. The Company shall not (and the
Investor Stockholders shall not take any action to cause the Company to) take
any action to (i) enter into any transaction, or any agreement or understanding
with the Investor Stockholders or any Affiliate of the Investor Stockholders
(other than with respect to a Transfer of Equity Securities or as contemplated
by this Agreement, the Stock Purchase Agreement or the Transaction Documents (as
defined in the Stock Purchase Agreement)) or (ii) amend, modify, change or alter
the Company's Certificate of Incorporation or By-Laws or the Certificates of
Designation in a manner adverse to the Company or holders of Common Stock,
without the written consent of the Stockholders holding a majority of the Common
Stock, on an as converted basis, held by all Stockholders which consent shall
not be unreasonably withheld or delayed.

                                    ARTICLE V

                                  MISCELLANEOUS

     SECTION 5.1 Termination. Except as otherwise provided herein, the
provisions of this Agreement shall terminate: (a) upon the agreement of all of
the parties hereto, (b) with respect to ITI and Shalom and their respective
permitted transferees referred to in the last sentence of Section 3.3(a) and
Casty and LSC and their transferees referred to in the second sentence of
Section 3.4(a), as the case may be, when such Stockholder together with such
permitted transferees owns less than 1.25% of the outstanding Common Stock (on
an as converted basis), (c) with respect to Eidelstein and his permitted
transferees referred to in the last sentence of Section 3.3(a), when
Eidelstein's employment with the Company is terminated, (d) with respect to
Bursztyn and his permitted transferees referred to in the last sentence of
Section 3.3(a), when Bursztyn's employment with the Company is terminated, (e)
with respect to any other Stockholder (other than a Stockholder described in the
first sentence of Section 3.4A), when such Stockholder together with its
Affiliates owns less than 1.25% of the outstanding Common Stock (on an
as-converted basis), and (f) with respect to all Investor

                                       16

<PAGE>

Stockholders and Stockholders, except as expressly provided herein, upon a
Qualified Public Offering.

     SECTION 5.2 Amendments and Waivers. Except as otherwise provided herein, no
modification, amendment or waiver of any provision of this Agreement shall be
effective against the Company or any other party unless such modification,
amendment or waiver is approved in writing by the Company, the Agent, acting on
behalf of the Investor Stockholders, and the Stockholders holding a majority of
the Common Stock on an as converted basis held by all Stockholders. The failure
of any party to enforce any of the provisions of this Agreement shall in no way
be construed as a waiver of such provisions and shall not affect the right of
such party thereafter to enforce each and every provision of this Agreement in
accordance with its terms. The parties hereby consent to any amendment to this
Agreement solely to add as a party hereto any Person acquiring shares of
Preferred Stock after the date hereof pursuant to the Tutopia Put Agreement (as
defined in the Stock Purchase Agreement).

     SECTION 5.3 Successors, Assigns and Transferees. This Agreement shall bind
and inure to the benefit of and be enforceable by the parties hereto and their
respective heirs, personal representatives, successors and permitted assigns.
This Agreement may not be assigned by any party hereto without the prior written
consent of the other parties, except as otherwise provided herein.

     SECTION 5.4 Notices. All notices required or permitted hereunder shall be
in writing and shall be deemed effectively given: (a) upon personal delivery to
the party to be notified; (b) when sent by confirmed facsimile if sent during
normal business hours of the recipient, if not, then on the next business day;
(c) five (5) days after having been sent by registered or certified mail, return
receipt requested, postage prepaid; or (d) one (1) business day after deposit
with a nationally recognized overnight courier, specifying next day delivery,
with written verification of receipt. All communications shall be sent, with
respect to the Company and the Investor Stockholders, to their respective
addresses specified in the Stock Purchase Agreement (or at such other address as
any such party may specify by like notice) and, with respect to any other party,
to the address of such party as shown in the stock record books of the Company
(or at such other address as any such party may specify to all of the above by
like notice).

     SECTION 5.5 Further Assurances. At any time or from time to time after the
date hereof, the parties agree to cooperate with each other, and at the request
of any other party, to execute and deliver any further instruments or documents
and to take all such further action as the other party may reasonably request in
order to evidence or effectuate the consummation of the transactions
contemplated hereby and otherwise to carry out the intent of the parties
hereunder.

     SECTION 5.6 Entire Agreement. Except as otherwise expressly set forth
herein, this document, the Stock Purchase Agreement and the Registration Rights
Agreement embody the complete agreement and understanding among the parties
hereto with respect to the subject matter hereof and supersede and preempt any
prior understandings, agreements or representations by or among the parties,
written or oral, that may have related to the subject matter hereof in any way.

                                       17

<PAGE>

     SECTION 5.7  Delays or Omissions. It is agreed that no delay or omission to
exercise any right, power or remedy accruing to any party, upon any breach,
default or noncompliance by another party under this Agreement, shall impair any
such right, power or remedy, nor shall it be construed to be a waiver of any
such breach, default or noncompliance, or any acquiescence therein, or of or in
any similar breach, default or noncompliance thereafter occurring. It is further
agreed that any waiver, permit, consent or approval of any kind or character on
the part of any party hereto of any breach, default or noncompliance under this
Agreement or any waiver on such party's part of any provisions or conditions of
this Agreement, must be in writing and shall be effective only to the extent
specifically set forth in such writing. All remedies, either under this
Agreement, by law, or otherwise afforded to any party, shall be cumulative and
not alternative.

     SECTION 5.8  Governing Law; Jurisdiction; Waiver of Jury Trial. This
Agreement shall be governed by and construed and enforced in accordance with the
internal laws of the State of New York without regard to the principles of
conflicts of law thereof. Each party hereto hereby irrevocably submits to the
nonexclusive jurisdiction of the courts of the state of New York and of the
United States of America sitting in the City of New York, Borough of Manhattan,
for the adjudication of any dispute hereunder or in connection herewith or with
any transaction contemplated hereby or discussed herein, and hereby irrevocably
waives, and agrees not to assert in any suit, action or proceeding, any claim
that it is not personally subject to the jurisdiction of any such court, that
the venue thereof may not be appropriate, that such suit, action or proceeding
is improper or that this Agreement or any of the documents referred to in this
Agreement may not be enforced in or by said courts, and each party hereto
irrevocably agrees that all claims with respect to such suit, action or
proceeding may be heard and determined in such a New York state or federal
court. Each party hereby irrevocably waives personal service of process and
consents to process being served in any such suit, action or proceeding by
mailing a copy thereof to such party in the manner provided in Section 12(b) of
the Stock Purchase Agreement and agrees that such service shall constitute good
and sufficient service of process and notice thereof. Nothing contained herein
shall be deemed to limit in any way any right to serve process in any manner
permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE,
AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE
HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY
TRANSACTION CONTEMPLATED HEREBY.

     SECTION 5.9  Severability. Whenever possible, each provision of this
Agreement shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be invalid,
illegal or unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability shall not affect
any other provision or any other jurisdiction, but this Agreement shall be
reformed, construed and enforced in such jurisdiction as if such invalid,
illegal or unenforceable provision had never been contained herein.

     SECTION 5.10 Enforcement. Each party hereto acknowledges that money damages
would not be an adequate remedy in the event that any of the covenants or

                                       18

<PAGE>

agreements in this Agreement are not performed in accordance with its terms, and
it is therefore agreed that in addition to and without limiting any other remedy
or right it may have, the non-breaching party will have the right to an
injunction, temporary restraining order or other equitable relief in any court
of competent jurisdiction enjoining any such breach and enforcing specifically
the terms and provisions hereof.

     SECTION 5.11 Titles and Subtitles. The titles of the sections and
subsections of this Agreement are for convenience of reference only and are not
to be considered in construing this Agreement

     SECTION 5.12 Legend. Each certificate evidencing any of the shares of
Equity Securities held by the parties hereto shall bear a legend substantially
as follows:

          "THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
          THE TERMS AND CONDITIONS OF THE FOURTH AMENDED AND RESTATED
          STOCKHOLDERS AGREEMENT, DATED AS OF JUNE 28, 2002, AS THE
          SAME MAY BE AMENDED, A COPY OF WHICH THE COMPANY WILL
          FURNISH TO THE HOLDER OF THIS CERTIFICATE UPON REQUEST AND
          WITHOUT CHARGE."

     SECTION 5.13 Appointment of Agent. Each of the Investor Stockholders hereby
irrevocably appoints UBS (the "Agent") to act as its true and lawful agent and
attorney-in-fact and representative with full power and authority in its name,
place and stead to act on its behalf for all purposes under this Agreement. The
foregoing power of attorney is hereby declared to be irrevocable and coupled
with an interest, and such appointment includes, among other powers, the power
and authority to exercise all rights and privileges, and to discharge all
obligations, of the Investor Stockholders under this Agreement, including:

          (a)  designating and removing the Investor Representatives and
   otherwise taking all actions required to be taken by the Investor
   Stockholders under Article II, including providing consents;

          (b)  providing consents to Transfers under Section 3.3;

          (c)  giving and receiving notices hereunder and service of process in
   any legal action or other proceedings arising out of or related to this
   Agreement and the transactions hereby; and

          (d)  amending or waiving the provisions of this Agreement.

Any instructions given by the Agent hereunder shall be validly given on behalf
of each of the Investor Stockholders, and the Company shall have the right to
rely thereon. UBS hereby accepts the appointment provided for in this Agreement
and agrees to be bound by the provisions of this Agreement. All decisions and
actions by the Agent shall be binding upon each of the Investor Stockholders and
no Investor Stockholders shall have the right

                                       19

<PAGE>

to object, dissent, protest or otherwise contest the same. The Company may
conclusively rely upon any action taken by the Agent hereunder.

     SECTION 5.14 Termination of Joint Venture Agreement. By its execution
hereof, each of the Company, ITI, Emerging Networks, Inc. and Casty confirms
that the Subscription and Joint Venture Agreement, dated as of November 23,
1998, as amended, by and among the Company, Emerging Networks, Inc., ITI and
Casty was terminated as of June 15, 2000.

     SECTION 5.15 Stockholder's Representation.

            (a) Each of the Stockholders severally (and not jointly) represents
   and warrants that all of the Equity Securities owned by it/him and any of
   its/his Affiliates is set forth on Exhibit A hereto and that each such
   Stockholder or it/his Affiliate owns such Equity Securities listed opposite
   its/his/their name free and clear of all Encumbrances (as defined in the
   Stock Purchase Agreement).

            (b) Each of Shalom and ITI severally (and not jointly) represents
   and warrants that Shalom controls the voting and disposition rights on all
   shares of Equity Securities owned by ITI or any of ITI's Affiliates.

     SECTION 5.16 Successor to Eidelstein. If Eidelstein is unable or unwilling
to exercise voting rights with respect to any proxy granted to him under Article
III hereof, any successor to Eidelstein shall require the written approval of
UBS.

     SECTION 5.17 Counterparts; Facsimile Signatures. This Agreement may be
executed in any number of counterparts, each of which shall be an original, but
all of which together shall constitute one instrument. This Agreement may be
executed by facsimile signature(s).

     IN WITNESS WHEREOF, the parties hereto have executed the FOURTH AMENDED AND
RESTATED STOCKHOLDERS AGREEMENT as of the date set forth in the first paragraph
hereof.

                                      IFX CORPORATION

                                      By:  /s/ Joel Eidelstein
                                           -------------------------------------
                                           Name:  Joel Eidelstein
                                           Title: President

                                      UBS CAPITAL AMERICAS III, L.P.

                                      By: UBS Capital Americas III, LLC

                                       20

<PAGE>

                                             By:    /s/ Mark O. Lama
                                                    ----------------------------
                                             Name:  Mark O. Lama
                                             Title: Principal

                                             By:    /s/ Marc Unger
                                                    ----------------------------
                                             Name:  Marc Unger
                                             Title: Chief Financial Officer

                                      UBS CAPITAL LLC

                                      By:    /s/ Mark O. Lama
                                             -----------------------------------
                                             Name:  Mark O. Lama
                                             Title: Attorney-in-Fact

                                      By:    /s/ Marc Unger
                                             -----------------------------------
                                             Name:  Marc Unger
                                             Title: Attorney-in-Fact

                                      INTERNATIONAL TECHNOLOGY
                                      INVESTMENTS, LC

                                      By:    /s/ Michael Shalom
                                             -----------------------------------
                                             Name:  Michael Shalom
                                             Title: Manager

                                      /s/ Joel Eidelstein
                                      ------------------------------------------
                                      Joel Eidelstein

                                      /s/ Michael Shalom
                                      ------------------------------------------
                                      Michael Shalom

                                      /s/ Lee S. Casty
                                      ------------------------------------------
                                      Lee S. Casty

                                      LSC, LLC

                                       21

<PAGE>

                                       By:  /s/ Lee Casty
                                            ------------------------------------
                                            Lee Casty, Manager

                                       /s/ Jak Bursztyn
                                       -----------------------------------------
                                       Jak Bursztyn

The provisions of Section 5.14 of
this Agreement are hereby acknowledged
and agreed to.

EMERGING NETWORKS, INC.

By:  /s/ Michael Shalom
     --------------------------------------
     Name:  Michael Shalom
     Title: Chief Executive Officer

                                       22

<PAGE>

                                    EXHIBIT A

        Equity Securities Ownership by Stockholders and their Affiliates

             Michael Shalom                                       10,201 /(1)/
             Joel Eidelstein                                     383,245 /(2)/
             Lee S. Casty                                      2,960,282
             International Technology Investments, LC          4,500,000

(1)      Includes 10,201 shares subject to a currently exercisable option to
         purchase held by ITI
(2)      Includes 351,750 shares of Common Stock subject to an option granted to
         Eidelstein pursuant to the IFX 1998 Stock Option and Incentive Plan,
         which option currently is exercisable<PAGE>

                                                                    EXHIBIT 10.2

                           THIRD AMENDED AND RESTATED

                          REGISTRATION RIGHTS AGREEMENT

                                      among

                                IFX CORPORATION,

                         UBS CAPITAL AMERICAS III, L.P.,

                                UBS CAPITAL LLC,

                   INTERNATIONAL TECHNOLOGY INVESTMENTS, LLC,

                                    LSC, LLC,

                                  JAK BURSZTYN

                                       and

                                  LEE S. CASTY

                            dated as of June 28, 2002

<PAGE>

                                                                    EXHIBIT 10.2

            THIRD AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT

         THIS THIRD AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT (this
"Agreement") is entered into as of June 28, 2002, among IFX Corporation, a
Delaware corporation (the "Company"), UBS Capital Americas III, L.P., a Jersey,
Channel Islands limited partnership, and UBS Capital LLC, a Delaware limited
liability company (together with their successors and assigns, collectively,
"UBS"), INTERNATIONAL TECHNOLOGY INVESTMENTS, LC, a Nevada limited liability
company ("ITI"), LSC, LLC ("LSC"), a Delaware limited liability company, JAK
BURSZTYN ("Bursztyn") and LEE S. CASTY (collectively with LSC, "Casty").

                                    RECITALS

         WHEREAS, the Company and UBS entered into that certain IFX Corporation
Preferred Stock Purchase Agreement, dated as of June 15, 2000, pursuant to which
UBS purchased 2,030,869 shares of Series A Convertible Preferred Stock, par
value $1.00 per share, of the Company (the "Series A Preferred Stock");

         WHEREAS, as a condition to and in consideration of UBS's purchase of
Series A Preferred Stock, the Company, UBS, ITI and Casty Grantor Subtrust
entered into that certain Registration Rights Agreement dated as of June 15,
2000;

         WHEREAS, the Company and UBS entered into that certain IFX Corporation
Preferred Stock Purchase Agreement, dated as of March 13, 2001, pursuant to
which UBS purchased 4,418,262 shares of Series B Convertible Preferred Stock,
par value $1.00 per share, of the Company (the "Series B Preferred Stock");

         WHEREAS, as a condition to and in consideration of UBS's purchase of
Series B Preferred Stock, the Company, UBS, ITI and Casty Grantor Subtrust
entered into that certain Amended and Restated Registration Rights Agreement,
dated May 7, 2001;

         WHEREAS, the Company and UBS entered into the IFX Corporation Series C
Convertible Preferred Stock Purchase Agreement, dated October 11, 2001, pursuant
to which UBS acquired 3,833,333 shares of newly issued Series C Convertible
Preferred Stock, par value $1.00 per share, of the Company (the "Series C
Preferred Stock");

         WHEREAS, as a condition to and in consideration of UBS's purchase of
Series C Preferred Stock, the Company, UBS, ITI and Casty entered into that
certain Second Amended and Restated Registration Rights Agreement, dated
February 19, 2002 (the "Existing Agreement");

         WHEREAS, the Company, UBS, ITI, Bursztyn and LSC have entered into the
IFX Corporation Series D Convertible Preferred Stock Purchase Agreement, dated
February 19, 2002 (the "Stock Purchase Agreement"), pursuant to which UBS, ITI,
Bursztyn and Casty will acquire shares of newly issued Series D Convertible
Preferred Stock, par value $1.00 per share, of the Company (the "Series D
Preferred Stock"); and

         WHEREAS, as a condition to and in consideration of the purchase of
Series D Preferred Stock by UBS, ITI, Bursztyn and LSC, the Company, the
Investor Stockholders and the

<PAGE>

Stockholders have agreed to amend and restate the Existing Agreement in the
manner set forth below.

         NOW THEREFORE, in consideration of the mutual covenants and agreements
contained in this Agreement and for other valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

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

         "Closing" has the meaning assigned to such term in the Stock Purchase
Agreement.

         "Commission" means the Securities and Exchange Commission or any other
federal agency then administering the federal securities laws.

         "Common Shares" means shares of Common Stock held by (i) ITI and Casty
and their permitted assigns under Section 13(b), (ii) the Investor Stockholders
or (iii) any other persons who acquire shares of Common Stock and become parties
to this Agreement pursuant to the last sentence of Section 13(a).

         "Common Stock" means the common stock, par value $0.02 per share, of
the Company and any securities issued in respect thereof, or in substitution
therefor, in connection with any stock split, dividend or combination, or any
reclassification, recapitalization, merger, consolidation exchange or other
similar reorganization.

         "Conversion Shares" means shares of Common Stock issued or issuable
upon conversion of the Preferred Shares.

         "Convertible Securities" shall mean (i) any rights, options or warrants
to acquire Common Stock or any capital stock of the Company or any Subsidiary,
including the Preferred Shares, and (ii) any notes, debentures, shares of
preferred stock or other securities, options, warrants or rights, which are
convertible or exercisable into, or exchangeable for, Common Stock or any
capital stock of the Company or any Subsidiary.

         "Exchange Act" means the Securities Exchange Act of 1934, as amended,
or any similar federal statute, and the rules and regulations promulgated
thereunder.

         "Investor Stockholders" shall mean UBS, LSC, Bursztyn and ITI and any
other persons who acquire Preferred Shares and become parties to this Agreement
pursuant to the last sentence of Section 13(a).

         "Preferred Shares" shall mean the Company's Series A Preferred Stock,
Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and
any other class or series of preferred stock of the Company which is
convertible, directly or indirectly, into Common Stock, whether at the time of
issuance or upon passage of time or the occurrence of some future event.

         "Registration Expenses" means the expenses so described in Section 8.

                                       2

<PAGE>

         "Restricted Stock" means the Conversion Shares and Common Shares,
excluding Conversion Shares and Common Shares which have been (a) registered
under the Securities Act pursuant to an effective registration statement filed
thereunder and disposed of in accordance with the registration statement
covering them or (b) publicly sold pursuant to Rule 144 under the Securities
Act.

         "Securities Act" means the Securities Act of 1933, as amended, or any
similar federal statute, and the rules and regulations promulgated thereunder.

         "Selling Expenses" shall mean the expenses so described in Section 8.

         "Tutopia Put Agreement" has the meaning assigned to such term in the
Stock Purchase Agreement.

2.       Restrictive Legend. Each certificate representing Preferred Shares,
Conversion Shares or Common Shares shall, except as otherwise provided in this
Section 2 or in Section 3, be stamped or otherwise imprinted with a legend
substantially in the following form:

               "THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE
               SECURITIES ACT OF 1933 OR ANY STATE SECURITIES
               LAWS AND MAY NOT BE TRANSFERRED OR OTHERWISE
               DISPOSED OF UNLESS IT HAS BEEN REGISTERED UNDER
               SUCH ACT AND ALL SUCH APPLICABLE LAWS OR AN
               EXEMPTION FROM REGISTRATION IS AVAILABLE."

A certificate shall not bear such legend if in the opinion of counsel
satisfactory to the Company (it being agreed that each of Neal, Gerber &
Eisenberg and Kaye Scholer LLP shall be satisfactory) the securities represented
thereby may be publicly sold without registration under the Securities Act and
any applicable state securities laws.

3.       Removal of Legend. Each certificate for Preferred Shares, Conversion
Shares or Common Shares transferred shall bear the legend set forth in Section
2, except that such certificate shall not bear such legend if (i) such transfer
is in accordance with the provisions of Rule 144 (or any other rule permitting
public sale without registration under the Securities Act) or (ii) in the
opinion of counsel satisfactory to the Company (it being agreed that either of
Neal, Gerber & Eisenberg or Kaye Scholer LLP shall be satisfactory) the
transferee and any subsequent transferee would be entitled to transfer such
securities in a public sale without registration under the Securities Act.

4.       Required Registration. (a) At any time, UBS, ITI or Casty may request
the Company to register under the Securities Act all or any portion of the
shares of Restricted Stock held by such requesting holder or holders for sale in
the manner specified in such notice, provided that the shares of Restricted
Stock for which registration has been requested shall have a reasonably
anticipated aggregate price to the public which is at least $15,000,000 (the
"Minimum Offering Price"); provided further that neither ITI nor Casty shall
request such registration prior to a Qualified Public Offering without the
consent of UBS. The only securities which the Company shall be required to
register pursuant hereto shall be shares of Common Stock, provided, however,
that, in any underwritten public offering contemplated by this Section 4 or
Sections 5

                                       3

<PAGE>

and 6, the holders of Preferred Shares shall be entitled to sell such Preferred
Shares to the underwriters for conversion and sale of the shares of Common Stock
issued upon conversion thereof. Notwithstanding anything to the contrary
contained herein, the Company shall not be required to file any registration
statement under this Section 4, within such period of time after the effective
date of any earlier registration statement relating to an underwritten public
offering (other than a registration statement on Form S-3 or any successor
thereto relating to the resale of securities of the Company acquired in
connection with an acquisition or similar transaction (each, an "Acquisition
Registration Statement")) as shall be determined in good faith by the managing
underwriter of an underwritten public offering, provided that such time period
shall not exceed 180 days.

     (b) Following receipt of any notice under this Section 4, the Company shall
immediately notify all holders of Restricted Stock from whom notice has not been
received and shall use its reasonable best efforts to register under the
Securities Act, for public sale in accordance with the method of disposition
specified in such notice from requesting holders, the number of shares of
Restricted Stock specified in such notice (and in all notices received by the
Company from other holders within 30 days after the giving of such notice by the
Company). If such method of disposition shall be an underwritten public
offering, the Company shall designate the underwriter(s) of such offering,
subject to the approval by the holders of a majority of the shares of Restricted
Stock proposed to be sold in such offering, including the approval of UBS (such
approval not to be unreasonably withheld or delayed). If the managing
underwriter advises the Company in writing that in such underwriter's good faith
determination the marketing factors require a limitation of the amount of
Restricted Stock to be underwritten in such registration, the Company shall (to
the extent that the managing underwriter believes that such securities can be
sold in such offering without having an adverse effect upon the marketing of
such offering) register in such registration (i) first, the Restricted Stock
proposed to be sold by the parties participating in the demand registration of
Restricted Stock under this Section 4, pro rata based upon the number of shares
of Restricted Stock proposed to be sold by such holders; and (ii) second
securities held by the Company. The Company shall be obligated to register
Restricted Stock pursuant to this Section 4, in the case of registrations
requested by each of UBS, ITI and Casty on three occasions only, provided,
however, that such obligation shall be deemed satisfied only when a registration
statement covering all shares of Restricted Stock specified in demand notices
delivered pursuant to Section 4(a), for sale in accordance with the method of
disposition specified by the requesting holders, shall have become effective
and, if such method of disposition is a firm commitment underwritten public
offering, all such shares designated in the notice shall have been sold pursuant
thereto.

     (c) The Company shall, subject to Section 4(b), be entitled to include in
any registration statement referred to in this Section 4 for sale in accordance
with the method of disposition specified by the requesting holders, shares of
Common Stock to be sold by the Company for its own account.

5.   Incidental Registration. If the Company at any time (other than pursuant to
Section 4 or Section 6) proposes to register any of its securities under the
Securities Act for sale to the public, whether for its own account or for the
account of other security holders or both (except with respect to registration
statements on Forms S-4, S-8 or another form not available for registering the
Restricted Stock for sale to the public), each such time it will give written
notice to all holders of outstanding Restricted Stock of its intention so to do.
Upon the written request of any

                                       4

<PAGE>

such holder, received by the Company within 30 days after the giving of any such
notice by the Company, to register any of its Restricted Stock, the Company will
use its reasonable best efforts to cause the Restricted Stock as to which
registration shall have been so requested to be included in the securities to be
covered by the registration statement proposed to be filed by the Company, all
to the extent requisite to permit the sale or other disposition by the holder of
such Restricted Stock so registered. In the event that any registration pursuant
to this Section 5 shall be, in whole or in part, an underwritten public offering
of Common Stock, and the managing underwriter advises the Company in writing
that in such underwriter's good faith determination the marketing factors
require a limitation of the amount of Restricted Stock to be underwritten in
such registration then (a) if such registration is a primary registration on
behalf of the Company, the Company shall (to the extent that the managing
underwriter believes that such securities can be sold in such offering without
having an adverse effect upon the marketing of such offering) register in such
registration (i) first, the Company securities which the Company proposes to
sell in such registration, (ii) second, the Restricted Stock held by UBS and the
Conversion Shares held by Investor Stockholders other than UBS which they
propose to sell in such registration on a pro rata basis based upon the number
of shares of Restricted Stock held by UBS and Conversion Shares owned by
Investor Stockholders other than UBS, (iii) third, Restricted Stock held by ITI
and Casty and any other holders of Restricted Stock which they propose to sell
in such registration on a pro rata basis based upon the number of shares of
Restricted Stock owned by such holders and (iv) fourth, securities held by other
parties eligible for inclusion in such registration statement on a pro rata
basis based upon the amount of securities held by them, and (b) if such
registration is a secondary registration, the Company shall (to the extent that
the managing underwriter believes that such securities can be sold in such
offering without having an adverse effect upon the marketing of such offering)
register in such registration (i) first, the Restricted Stock held by UBS and
the Conversion Shares held by Investor Stockholders other than UBS which they
propose to sell in such registration on a pro rata basis based upon the number
of shares of Restricted Stock held by UBS and Conversion Shares owned by
Investor Stockholders other than UBS, (ii) second, the Restricted Stock held by
ITI and Casty and any other holders of Restricted Stock which they propose to
sell in such registration on a pro rata basis based upon the number of shares of
Restricted Stock owned by such holders and (iii) third, the securities held by
other parties eligible for inclusion in such registration on a pro rata basis
based upon the amount of securities held by them. Notwithstanding the foregoing
provisions, the Company may withdraw any registration statement referred to in
this Section 5, without thereby incurring any liability to the holders of
Restricted Stock other than for the payment of Registration Expenses in
accordance with Section 8.

6.   Registration on Form S-3. (a) Subject to the restrictions on transfer set
forth in Section 3.3 and 3.4 of the Stockholders Agreement (as defined in the
Stock Purchase Agreement), if at any time (i) UBS, ITI or Casty requests that
the Company file a registration statement on Form S-3 or any successor thereto
for a public offering of all or any portion of the shares of Restricted Stock
held by such requesting holder or holders, the reasonably anticipated aggregate
price to the public of which would exceed $2,500,000, provided that the
Restricted Stock for which registration has been requested constitutes at least
10% of the total shares of Restricted Stock then outstanding held by UBS, if
such registration is requested by UBS, or at least 10% of the total shares of
Restricted Stock then outstanding held by ITI or Casty, as the case may be, if
such registration is requested by ITI or Casty, and (ii) the Company is a
registrant entitled to use Form S-3 or any successor thereto to register such
shares, then the Company shall use its reasonable best efforts to register under
the Securities Act on Form S-3 or any successor thereto, for public

                                       5

<PAGE>

sale in accordance with the method of disposition specified in such notice, the
number of shares of Restricted Stock specified in such notice. Whenever the
Company is required by this Section 6(a) to use its reasonable best efforts to
effect the registration of Restricted Stock, each of the procedures and
requirements of Section 4 (including but not limited to the requirement that the
Company notify all holders of Restricted Stock from whom notice has not been
received and provide them with the opportunity to participate in the offering)
shall apply to such registration, provided, however, that the Company shall not
be obligated to effect more than two registrations on Form S-3 under this
Section in any calendar year, provided, further, that no request may be made by
a party under this Section 6(a) within 180 days after the effective date of any
other registration statement filed by the Company pursuant to this Section on
behalf of such party.

     (b) Notwithstanding Section 6(a) above, Casty may request, by written
notice, that the Company file a registration statement on Form S-3 or any
successor thereto for a public offering of all or any portion of the Restricted
Stock held by Casty (or any Affiliate thereof) (the "Eligible Shares") and if
the Company is a registrant entitled to use Form S-3 or any successor thereto to
register such shares, then the Company shall use its reasonable best efforts to
register under the Securities Act on Form S-3 or any successor thereto, for
public sale the number of shares of Restricted Stock specified in such written
notice to the Company (not to exceed the number of Eligible Shares); provided,
however, that (i) any registration under this Section 6(b) shall be a
non-underwritten offering; (ii) the Company shall not be obligated to effect
more than two registrations under this Section 6(b); (iii) the Company shall
only be obligated to effect one such registration during any calendar year
(which shall count as one of the two permitted in such calendar year pursuant to
Section 6(a)); and (iv) the Company shall not be required to maintain the
effectiveness of any such registration statement for more than 60 days.
Notwithstanding anything to the contrary contained herein, the Company shall not
be required to file any registration statement under this Section 6(b): (x)
within such period of time after the effective date of any earlier registration
statement relating to an underwritten public offering (other than an Acquisition
Registration Statement) as shall be determined in good faith by the managing
underwriter of an underwritten public offering, provided that such time period
shall not exceed 180 days or (y) if the Company shall furnish to Casty a
certificate signed by the President of the Company stating that in the good
faith judgment of the Board of Directors of the Company, it would be seriously
detrimental to the Company and its stockholders for such registration to be
effected at such time due to any pending material financing, acquisition or
corporate reorganization or other material corporate development involving the
Company or any of its subsidiaries.

7.   Registration Procedures. If and whenever the Company is required by the
provisions of Sections 4, 5 or 6 to use its reasonable best efforts to effect
the registration of any shares of Restricted Stock under the Securities Act, the
Company will, as expeditiously as possible:

     (a) prepare and file with the Commission a registration statement (which,
other than in the case of an underwritten public offering pursuant to Section 4,
may be on Form S-3 or any successor thereto if the Company is a registrant
entitled to use such Form) with respect to such securities and use its
reasonable best efforts to cause such registration statement to become and
remain effective for the period of the distribution contemplated thereby
(determined as hereinafter provided);

                                       6

<PAGE>

     (b) prepare and file with the Commission such amendments and supplements to
such registration statement and the prospectus used in connection therewith as
may be necessary to keep such registration statement effective for the period
specified in paragraph (a) above and comply with the provisions of the
Securities Act with respect to the disposition of all Restricted Stock covered
by such registration statement in accordance with the sellers' intended method
of disposition set forth in such registration statement for such period;

     (c) furnish to each seller of Restricted Stock and to each underwriter such
number of copies of the registration statement and the prospectus included
therein (including each preliminary prospectus) as such persons reasonably may
request in order to facilitate the public sale or other disposition of the
Restricted Stock covered by such registration statement;

     (d) use its reasonable best efforts to register or qualify the Restricted
Stock covered by such registration statement under the securities or "blue sky"
laws of such jurisdictions as the sellers of Restricted Stock or, in the case of
an underwritten public offering, the managing underwriter reasonably shall
request, provided, however, that the Company shall not for any such purpose be
required to qualify generally to transact business as a foreign corporation in
any jurisdiction where it is not so qualified or to consent to general service
of process in any such jurisdiction;

     (e) list the Restricted Stock covered by such registration statement with
any securities exchange on which the Common Stock of the Company is then listed;

     (f) immediately notify each seller of Restricted Stock and each underwriter
under such registration statement, at any time when a prospectus relating
thereto is required to be delivered under the Securities Act, of the happening
of any event of which the Company has knowledge as a result of which the
prospectus contained 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 light of the circumstances then existing;

     (g) as soon as practicable upon the occurrence of any event contemplated by
Section 7(f), prepare and file a supplement or post-effective amendment to such
registration statement or the prospectus contained in such registration
statement, or any document incorporated therein by reference, or file any other
required document so that, as thereafter delivered to the purchasers of the
shares of Restricted Stock covered thereby, the prospectus contained in such
registration statement will not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements therein, in
the light of the circumstances under which they were made, not misleading;
provided, however, that the obligation to prepare and file any such supplement,
post-effective amendment or other document shall be suspended (a "Suspension")
if the Company shall furnish to the holders a certificate signed by the
President of the Company stating that in the good faith judgment of the Board of
Directors of the Company, it would be seriously detrimental to the Company and
its stockholders for such registration to be effected at such time due to any
pending material financing, acquisition or corporate reorganization or other
material corporate development involving the Company or any of its subsidiaries;
provided further, that the Company shall only be permitted to effectuate one (1)
Suspension in any twelve (12) month period and any such suspension will be
lifted by the Company as soon as practicable and will not, in any event, extend
for more than 60 days with respect to any such specified event;

                                       7

<PAGE>

     (h) if the offering is underwritten and at the request of any seller of
Restricted Stock, use its reasonable best efforts to furnish on the date that
Restricted Stock is delivered to the underwriters for sale pursuant to such
registration: (i) an opinion dated such date of counsel representing the Company
for the purposes of such registration, addressed to the underwriters and to such
seller, stating that such registration statement has become effective under the
Securities Act and that (A) to the best knowledge of such counsel, no stop order
suspending the effectiveness thereof has been issued and no proceedings for that
purpose have been instituted or are pending or contemplated under the Securities
Act, (B) the registration statement, the related prospectus and each amendment
or supplement thereof comply as to form in all material respects with the
requirements of the Securities Act (except that such counsel need not express
any opinion as to financial statements contained therein) and (C) to such other
effects as reasonably may be requested by counsel for the underwriters or by
such seller or its counsel and (ii) a letter dated such date from the
independent public accountants retained by the Company, addressed to the
underwriters and to such seller, stating that they are independent public
accountants within the meaning of the Securities Act and that, in the opinion of
such accountants, the financial statements of the Company included in the
registration statement or the prospectus, or any amendment or supplement
thereof, comply as to form in all material respects with the applicable
accounting requirements of the Securities Act, and such letter shall
additionally cover such other financial matters (including information as to the
period ending no more than five business days prior to the date of such letter)
with respect to such registration as such underwriters reasonably may request;
and

     (i) make available for inspection by each seller of Restricted Stock, any
underwriter participating in any distribution pursuant to such registration
statement, and any attorney, accountant or other agent retained by such seller
or underwriter, all financial and other records, pertinent corporate documents
and properties of the Company, and cause the Company's officers, directors and
employees to supply all information reasonably requested by any such seller,
underwriter, attorney, accountant or agent in connection with such registration
statement.

     Upon receipt of any notice from the Company of any event of the kind
described in Section 7.3(f), each seller of Restricted Stock (x) promptly will
discontinue disposition of any shares of Restricted Stock pursuant to such
registration statement until such seller of Restricted Stock has received copies
of the supplemented or amended prospectus contemplated by Section 7(g) (it being
understood that such discontinuance shall be deemed a Suspension subject to the
limitations on Suspensions set forth in Section 7(g)), (y) thereafter, will
utilize and distribute only such supplemented or amended prospectus, and (z) if
so directed by the Company, will deliver to the Company all copies of the
prospectus covering such shares of Restricted Stock in such party's possession
at the time of receipt of such suspension notice.

     For purposes of Section 7(a) and 7(b), the period of distribution of
Restricted Stock in a firm commitment underwritten public offering shall be
deemed to extend until each underwriter has completed the distribution of all
securities purchased by it, and the period of distribution of Restricted Stock
in any other registration shall be deemed to extend until the earlier of the
sale of all Restricted Stock covered thereby and 180 days following
effectiveness of registration.

     In connection with each registration hereunder, each seller of Restricted
Stock will furnish to the Company in writing such information with respect to
itself and the proposed distribution by it as reasonably shall be necessary in
order to assure compliance with federal and

                                       8

<PAGE>

applicable state securities laws, and will notify the Company promptly upon
the happening of any event during the period any registration statement is
effective that makes any statement regarding such seller made in a registration
statement or the prospectus contained therein untrue in any material respect or
which requires the making of any changes in a registration statement or the
prospectus contained therein in order to make the statements therein regarding
such seller, in light of circumstances under which they were made, not
misleading.

     In connection with each registration pursuant to Sections 4, 5 or 6
covering an underwritten public offering, the Company and each seller agree to
enter into a written agreement with the managing underwriter selected in the
manner herein provided in such form and containing such provisions as are
customary in the securities business for such an arrangement between such
underwriter and companies of the Company's size and investment stature.

8.   Expenses. All expenses incurred by the Company in complying with Sections
4, 5 and 6, including, without limitation, all registration and filing fees,
printing expenses, fees and disbursements of counsel and independent public
accountants for the Company, fees and expenses (including counsel fees) incurred
in connection with complying with state securities or "blue sky" laws, fees of
the National Association of Securities Dealers, Inc., transfer taxes, fees of
transfer agents and registrars, costs of insurance and reasonable fees and
disbursements of one counsel for the sellers of Restricted Stock, but excluding
any Selling Expenses, are called "Registration Expenses". If ITI, Bursztyn
and/or Casty are the only parties (other than the Company) selling Restricted
Stock pursuant to a registration statement described herein, "Registration
Expenses" shall not include the fees and disbursements of counsel for such
sellers of Restricted Stock. All underwriting discounts and selling commissions
applicable to the sale of Restricted Stock are called "Selling Expenses". The
Company will pay all Registration Expenses in connection with each registration
statement under Sections 4, 5 or 6.

9.   Indemnification and Contribution. (a) In the event of a registration of any
of the Restricted Stock under the Securities Act pursuant to Sections 4, 5 or 6,
the Company will indemnify and hold harmless each seller of such Restricted
Stock thereunder, each underwriter of such Restricted Stock thereunder and each
of their respective officers, directors, employees, partners, agents or other
person, if any, who controls such seller or underwriter within the meaning of
the Securities Act, against any losses, claims, damages or liabilities, joint or
several, to which such seller, underwriter or controlling person may become
subject under the Securities Act or otherwise, insofar as such losses, claims,
damages or liabilities (or actions in respect thereof) arise out of or are based
upon any untrue statement or alleged untrue statement of any material fact
contained in any registration statement under which such Restricted Stock was
registered under the Securities Act pursuant to Sections 4, 5 or 6, any
preliminary prospectus or final prospectus contained therein, or any amendment
or supplement thereof, or arise out of or are based upon the omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, and will reimburse each
such seller, each such underwriter and each such controlling person for any
legal or other expenses reasonably incurred by them in connection with
investigating or defending any such loss, claim, damage, liability or action,
provided, however, that the Company will not be liable in any such case if and
to the extent that any such loss, claim, damage or liability arises out of or is
based upon an untrue statement or alleged untrue statement or omission or
alleged omission so made in conformity with information furnished by any such
seller, any such underwriter or any

                                       9

<PAGE>

such controlling person in writing specifically for use in such registration
statement or prospectus and, provided further, however, that the Company will
not be liable to any such person or entity with respect to any such untrue
statement or omission or alleged untrue statement or omission made in any
preliminary prospectus that is corrected in the final prospectus filed with the
Commission pursuant to Rule 424(b) promulgated under the Securities Act (or any
amendment or supplement to such prospectus) if the person asserting any such
loss, claim, damage or liability purchased securities but was not given a copy
of the final prospectus (as amended or supplemented) at or prior to the written
confirmation of the sale of such securities to such person in any case where
such delivery of the final prospectus (as amended or supplemented) is required
by the Securities Act, unless such failure to deliver the final prospectus (as
amended or supplemented) was a result of the Company's failure to provide such
prospectus (as amended or supplemented).

     (b) In the event of a registration of any of the Restricted Stock under the
Securities Act pursuant to Sections 4, 5 or 6, each seller of such Restricted
Stock thereunder, severally and not jointly, will indemnify and hold harmless
the Company, each person, if any, who controls the Company within the meaning of
the Securities Act, each officer of the Company who signs the registration
statement, each director of the Company, each underwriter and each person who
controls any underwriter within the meaning of the Securities Act, against all
losses, claims, damages or liabilities, joint or several, to which the Company
or such officer, director, underwriter or controlling person may become subject
under the Securities Act or otherwise, insofar as such losses, claims, damages
or liabilities (or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of any material fact contained
in the registration statement under which such Restricted Stock was registered
under the Securities Act pursuant to Sections 4, 5 or 6, any preliminary
prospectus or final prospectus contained therein, or any amendment or supplement
thereof, or arise out of or are based upon the omission or alleged omission to
state therein a material fact required to be stated therein or necessary to make
the statements therein not misleading, and will reimburse the Company and each
such officer, director, underwriter and controlling person for any legal or
other expenses reasonably incurred by them in connection with investigating or
defending any such loss, claim, damage, liability or action, provided, however,
that such seller will be liable hereunder in any such case if and only to the
extent that any such loss, claim, damage or liability arises out of or is based
upon an untrue statement or alleged untrue statement or omission or alleged
omission made in reliance upon and in conformity with information pertaining to
such seller, as such, furnished in writing to the Company by such seller
specifically for use in such registration statement or prospectus, and provided,
further, however, that the liability of each seller hereunder shall be limited
to the proportion of any such loss, claim, damage, liability or expense which is
equal to the proportion that the public offering price of the shares sold by
such seller under such registration statement bears to the total public offering
price of all securities sold thereunder, but not in any event to exceed the net
proceeds received by such seller from the sale of Restricted Stock covered by
such registration statement.

     (c) Promptly after receipt by an indemnified party hereunder of notice of
the commencement of any action, such indemnified party shall, if a claim in
respect thereof is to be made against the indemnifying party hereunder, notify
the indemnifying party in writing thereof, but the omission so to notify the
indemnifying party shall not relieve it from any liability which it may have to
such indemnified party other than under this Section 9 and shall only relieve it
from any liability which it may have to such indemnified party under this
Section 9 if and to the

                                       10

<PAGE>

extent the indemnifying party is prejudiced by such omission. In case any such
action shall be brought against any indemnified party and it shall notify the
indemnifying party of the commencement thereof, the indemnifying party shall be
entitled to participate in and, to the extent it shall wish, to assume and
undertake the defense thereof with counsel satisfactory to such indemnified
party, and, after notice from the indemnifying party to such indemnified party
of its election so to assume and undertake the defense thereof, the indemnifying
party shall not be liable to such indemnified party under this Section 9 for any
legal expenses subsequently incurred by such indemnified party in connection
with the defense thereof other than reasonable costs of investigation and of
liaison with counsel so selected, provided, however, that, if the defendants in
any such action include both the indemnified party and the indemnifying party
and the indemnified party shall have reasonably concluded, based on advice of
counsel, that there may be reasonable defenses available to it which are
different from or additional to those available to the indemnifying party or if
the interests of the indemnified party reasonably may be deemed to conflict with
the interests of the indemnifying party, the indemnified party shall have the
right to select a separate counsel and to assume such legal defenses and
otherwise to participate in the defense of such action, with the reasonable
expenses and fees of such separate counsel and other reasonable expenses related
to such participation to be reimbursed by the indemnifying party as incurred.

     (d) In order to provide for just and equitable contribution in
circumstances in which the indemnity agreement provided for in Sections 9(a) and
9(b) above is for any reason held to be unenforceable by the indemnified party
although applicable in accordance with its terms, the Company and each holder of
Restricted Stock exercising rights under this Agreement shall contribute to the
aggregate losses, claims, damages and liabilities of the nature contemplated by
such indemnity agreement incurred by the Company and such holder, (i) in such
proportion as is appropriate to reflect the relative fault of the Company on the
one hand and such holder on the other, in connection with the statements or
omissions which resulted in such losses, claims, damages or liabilities or (ii)
if the allocation provided by clause (i) above is not permitted by applicable
law, in such proportion as is appropriate to reflect not only the relative fault
of, but also the relative benefits to, the Company on the one hand and such
holder on the other, in connection with the statements or omissions which
resulted in such losses, claims, damages or liabilities, as well as any other
relevant equitable considerations. The relative benefits to the indemnifying
party and indemnified party shall be determined by reference to, among other
things, the gross proceeds received by the indemnifying party and indemnified
party in connection with the offering to which such losses, claims, damages or
liabilities relate. The relative fault of the indemnifying party and indemnified
party shall be determined by reference to, among other things, whether the
action in question, including any untrue or alleged untrue statement of a
material fact or omission or alleged omission to state a material fact, has been
made by, or relates to information supplied by, the indemnifying party or the
indemnified party, and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such action. The parties
hereto agree that it would not be just or equitable if contribution pursuant to
this Section 9(d) 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 immediately preceding sentence. Notwithstanding the
provisions of this Section 9(d), each holder of Restricted Stock exercising
rights under this Agreement shall not be required to contribute any amount in
excess of the amount of the gross proceeds to such holder from sales of the
Restricted Stock of such holder under a registration statement.

                                       11

<PAGE>

     Notwithstanding the foregoing, 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. For purposes of this Section 9(d), each person, if
any, who controls a holder of Restricted Stock within the meaning of Section 15
of the Securities Act shall have the same rights to contribution as such holder,
and each director of the Company, each officer of the Company who signed a
registration statement and each person, if any, who controls the Company within
the meaning of Section 15 of the Act shall have the same rights to contribution
as the Company.

10.  Changes in Common Stock or Preferred Shares. If, and as often as, there is
any change in the Common Stock or the Preferred Shares by way of a stock split,
stock dividend, combination or reclassification, or through a merger,
consolidation, reorganization or recapitalization, or by any other means,
appropriate adjustment shall be made in the provisions hereof so that the rights
and privileges granted hereby shall continue with respect to the Common Stock or
the Preferred Shares as so changed.

11.  Rule 144 Reporting. With a view to making available the benefits of certain
rules and regulations of the Commission which may at any time permit the sale of
the Restricted Stock to the public without registration, the Company agrees to:

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

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

     (c) furnish to each holder of Restricted Stock forthwith upon request a
written statement by the Company as to its compliance with the reporting
requirements of such Rule 144 and of the Securities Act and the Exchange Act, a
copy of the most recent annual or quarterly report of the Company, and such
other reports and documents so filed by the Company as such holder may
reasonably request in availing itself of any rule or regulation of the
Commission allowing such holder to sell any Restricted Stock without
registration.

12.  Representations and Warranties of the Company.  The Company represents and
warrants to UBS, ITI and Casty as follows:

     (a) The execution, delivery and performance of this Agreement by the
Company have been duly authorized by all requisite corporate action on its part
and will not violate any provision of law, any order of any court or other
agency of government, the Certificate of Incorporation or By-laws each, as
amended, of the Company or any provision of any indenture, agreement or other
instrument to which it or any or its properties or assets is bound, conflict
with, result in a breach of or constitute (with due notice or lapse of time or
both) a default under any such indenture, agreement or other instrument or
result in the creation or imposition of any lien, charge or encumbrance of any
nature whatsoever upon any of the properties or assets of the Company, except
where the foregoing would not reasonably be expected to have a material adverse
effect on the Company or its business.

                                       12

<PAGE>

     (b) This Agreement has been duly executed and delivered by the Company and
constitutes the legal, valid and binding obligation of the Company, enforceable
against the Company in accordance with its terms.

13.  Miscellaneous.(a) Except as otherwise provided herein, no modification,
amendment or waiver of any provision of this Agreement shall be effective
against the Company or any other party unless such modification, amendment or
waiver is approved in writing by the Company and the holders of at least 66 2/3%
of the outstanding shares of Restricted Stock held by each of UBS, ITI and
Casty; provided that any modification, amendment or waiver which would adversely
affect any party hereto in a manner which is different from the manner the other
parties hereto are affected shall also require the approval of such party. The
failure of any party to enforce any of the provisions of this Agreement shall in
no way be construed as a waiver of such provisions and shall not affect the
right of such party thereafter to enforce each and every provision of this
Agreement in accordance with its terms. The parties hereby consent to any
amendment to this Agreement solely to add as a party hereto any person acquiring
Preferred Shares after the date hereof pursuant to the Tutopia Put Agreement.

     (b) This Agreement shall bind and inure to the benefit of and be
enforceable by the parties hereto and their respective heirs, personal
representatives, successors and permitted assigns. This Agreement and the rights
of the parties hereunder may not be assigned by any party hereto without the
prior written consent of the other parties, except as otherwise provided herein.
The Investor Stockholders may assign all or any portion of their rights and
obligations hereunder to a transferee of Restricted Stock, provided that such
transferee agrees in writing to be bound by the provisions of this Agreement.
ITI, Bursztyn and Casty may assign all or any portion of their rights and
obligations hereunder to a transferee of Restricted Stock, provided that each
such transferee of ITI, Bursztyn and Casty and any subsequent transferee shall,
together with ITI, Bursztyn or Casty, as the case may be, be deemed one person
for purposes of this Agreement, and any right or notice hereunder on behalf of
such person may only be delivered by ITI, Bursztyn or by Casty and, provided,
further, that ITI, Bursztyn or Casty, as the case may be, shall provide notice
of any such assignment to the other parties hereto, and any such transferee must
agree in writing to be bound by the provisions of this Agreement.

     (c) All notices required or permitted hereunder shall be in writing and
shall be deemed effectively given: (i) upon personal delivery to the party to be
notified; (ii) when sent by confirmed facsimile if sent during normal business
hours of the recipient, if not, then on the next business day; (iii) five days
after having been sent by registered or certified mail, return receipt
requested, postage prepaid; or (iv) one business day after deposit with a
nationally recognized overnight courier, specifying next day delivery, with
written verification of receipt. All communications shall be sent, with respect
to the Company and the Investor Stockholders, to their respective addresses
specified in the Stock Purchase Agreement (or at such other address as any such
party may specify by like notice) and, with respect to any other party, to the
address of such party as shown in the stock record books of the Company (or at
such other address as any such party may specify to all of the above by like
notice).

     (d) Except as otherwise expressly set forth herein, this document, the
Stock Purchase Agreement and the documents executed in connection with the
closing of the Stock Purchase Agreement embody the complete agreement and
understanding among the parties hereto with respect to the subject matter hereof
and supersede and preempt any prior understandings,

                                       13

<PAGE>

agreements or representations by or among the parties, written or oral, that may
have related to the subject matter hereof in any way.

     (e) This Agreement shall be governed by and construed and enforced in
accordance with the internal laws of the State of New York without regard to the
principles of conflicts of law thereof. Each party hereto hereby irrevocably
submits to the nonexclusive jurisdiction of the courts of the state of New York
and of the United States of America sitting in the City of New York, Borough of
Manhattan, for the adjudication of any dispute hereunder or in connection
herewith or with any transaction contemplated hereby or discussed herein, and
hereby irrevocably waives, and agrees not to assert in any suit, action or
proceeding, any claim that it is not personally subject to the jurisdiction of
any such court, that the venue thereof may not be appropriate, that such suit,
action or proceeding is improper or that this Agreement or any of the documents
referred to in this Agreement may not be enforced in or by said courts, and each
party hereto irrevocably agrees that all claims with respect to such suit,
action or proceeding may be heard and determined in such a New York state or
federal court. Each party hereby irrevocably waives personal service of process
and consents to process being served in any such suit, action or proceeding by
mailing a copy thereof to such party in the manner provided in Section 12(b) of
the Stock Purchase Agreement and agrees that such service shall constitute good
and sufficient service of process and notice thereof. Nothing contained herein
shall be deemed to limit in any way any right to serve process in any manner
permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE,
AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE
HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY
TRANSACTION CONTEMPLATED HEREBY.

     (f) The obligations of the Company to register shares of Restricted Stock
under Section 4, 5 or 6 shall terminate at the time at which all Restricted
Securities are eligible for resale pursuant to Rule 144(k) under the Securities
Act.

     (g) If requested in writing by the Company and the underwriters for an
underwritten public offering of securities of the Company, each holder of
Restricted Stock who is a party to this Agreement shall agree not to sell
publicly any shares of Restricted Stock or any other shares of Common Stock
(other than shares of Restricted Stock or other shares of Common Stock being
registered in such offering), without the consent of the Company and such
underwriters, for such period requested by the underwriters (not to exceed 180
days) following the effective date of the registration statement relating to the
Qualified Public Offering (as defined in the Stock Purchase Agreement) or 90
days following the effective date of a registration statement relating to any
other offering; provided, however, that all persons entitled to registration
rights with respect to shares of Common Stock who are not parties to this
Agreement, all persons holding 5% or more of the capital stock of the Company on
a fully diluted basis and all executive officers and directors of the Company
shall also have agreed not to sell publicly their Common Stock under the
circumstances and pursuant to the terms set forth in this Section 13(g).

     (h) Notwithstanding the provisions of Section 7(a), the Company's
obligation to file a registration statement, or cause such registration
statement to become and remain effective, shall be suspended for a period not to
exceed 90 days in any 12-month period if the Company shall furnish to the
holders a certificate signed by the President of the Company stating that in the
good faith judgment of the Board of Directors of the Company, it would be
seriously detrimental

                                       14

<PAGE>

to the Company and its stockholders for such registration to be effected at such
time due to any pending material financing, acquisition or corporate
reorganization or other material corporate development involving the Company or
any of its subsidiaries; provided, however, that any suspension effectuated by
the Company under this Section 13(h) shall be deemed a Suspension subject to the
limitation on the number of Suspensions permitted in any twelve month period
under Section 7(g) hereof.

     (i)  The Company shall not grant to any third party any registration rights
more favorable than or inconsistent with any of those contained herein, so long
as any of the registration rights under this Agreement remains in effect.

     (j)  Whenever possible, each provision of this Agreement shall be
interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Agreement is held to be invalid, illegal or
unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability shall not affect
any other provision or any other jurisdiction, but this Agreement shall be
reformed, construed and enforced in such jurisdiction as if such invalid,
illegal or unenforceable provision had never been contained herein.

     (k)  The titles of the sections and subsections of this Agreement are for
convenience of reference only and are not to be considered in construing this
Agreement.

     (l)  This Agreement may be executed in any number of counterparts, each of
which shall be an original, but all of which together shall constitute one
instrument. This Agreement may be executed by facsimile signature(s).

                            [Signatures on Next Page]

                                       15

<PAGE>

         IN WITNESS WHEREOF, the parties have executed this THIRD AMENDED AND
RESTATED REGISTRATION RIGHTS AGREEMENT as of the date set forth in the first
paragraph hereof.

                                         IFX CORPORATION

                                         By:/s/ Joel Eidelstein
                                            ------------------------------------
                                            Name:  Joel Eidelstein
                                            Title: President

                                         UBS CAPITAL AMERICAS III, L.P
                                             By:  UBS Capital Americas III, LLC

                                         By:/s/ Mark O. Lama
                                            ------------------------------------
                                            Name:  Mark O. Lama
                                            Title: Principal

                                         By:/s/ Marc Unger
                                            ------------------------------------
                                            Name:  Marc Unger
                                            Title: Chief Financial Officer

                                         UBS CAPITAL LLC

                                         By:/s/ Mark O. Lama
                                            ------------------------------------
                                            Name:  Mark O. Lama
                                            Title: Attorney-in-Fact

                                         By:/s/ Marc Unger
                                            ------------------------------------
                                            Name:  Marc Unger
                                            Title: Attorney-in-Fact

                                         INTERNATIONAL TECHNOLOGIES
                                         INVESTMENTS, LC

                                         By:/s/ Michael Shalom
                                            ------------------------------------
                                            Name:  Michael Shalom
                                            Title: Manager

                                       16

<PAGE>

                                         /s/ Lee S. Casty
                                         ---------------------------------------
                                         LEE S. CASTY

                                         LSC, LLC

                                         By:/s/ Lee Casty
                                            ------------------------------------
                                            Lee Casty, Manager

                                         /s/ Jak Bursztyn
                                         ---------------------------------------
                                         JAK BURSZTYN

                                       17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}]]