Document:

Letter of Intent

March 11, 2000

Jorge Emilio Zedan
President of El Salvador Telecom, S.A. de C.V.
SALTEL
San Salvador, El Salvador

Dear Don Jorge:

In relation to our conversations relating to the possibility of acquiring shares
in SALTEL,  this letter serves to confirm to you our  intention of  effectuating
the  acquisition  of shares in that company  pursuant to the  following  general
terms:

     I.   RECITALS

          1.1. World Wide  Wireless  Communications,  Inc.,  hereinafter  "World
               Wide" is a corporation  organized  under the laws of the State of
               Nevada,  United States of America,  among whose  activities is to
               provide high speed wireless internet services

          1.2. World Wide  intends  to invest in the  Central  American  region,
               beginning  with El  Salvador,  where it plans  to  establish  its
               Regional Operations Center.

          1.3. SALTEL is a  company  organized  under  the laws of El  Salvador,
               among whose  activities  is the offering of  telephone  services,
               access  services,  and  intermediate  services,  with its current
               technical,  operative,  and administrative  infrastructure.  This
               company, and its legal representative don Jorge Emilio Zedan have
               the  ability to request  and obtain  frequencies  throughout  the
               Central American region,  as permitted and limited by the laws of
               the  individual  countries.  As  part of the  relationship  to be
               established,  Mr. Zedan assumes personal  responsibility  to take
               those steps necessary in this regard within the shortest possible
               time.

          1.4. That for the  interests of both  companies,  it is  beneficial to
               establish a strategic alliance or joint venture, whose activities
               will  include  the  integration  of World  Wide  into  the  share
               structure of SALTEL in the legal manner most convenient/

   II.    Nature of the Investment

          2.1  World Wide  declares  its intent to acquire at least  twenty five
               per cent of the capital  stock of SALTEL,  upon the basis that by
               acquiring  said

                                       1
<PAGE>

               percentage  it assumes  the rights of a minority  shareholder  as
               established under the Commercial Code of El Salvador.

          2.2  World Wide will pay, for this twenty-five  percent of, the amount
               of THREE  MILLION FIVE  HUNDRED  THOUSAND  DOLLARS,  money of the
               United States of America,  in the following form: (a) within five
               days from  Monday,  March 13, the amount of ONE MILLION  DOLLARS;
               and (b) the rest of the TWO MILLION FIVE HUNDRED THOUDAND DOLLARS
               by  monthly  payments  in equal  and  successive  amounts  of ONE
               HUNDRED THOUSAND DOLLARES, payable on the first day of the month;
               in addition,  interest on the unpaid balance in the amount of 8%,
               which shall be included and incorporated in the payments. ___

          2.3  The  shares  that are issued as the  result of this  increase  in
               capital will be issued immediately in the name of World Wide.

          2.4  The payments will be made in accordance  with  instructions ot be
               given to World Wide by SALTEL.

    III.  Special Conditions

<TABLE>
<CAPTION>

          3.1  World Wide  declares that its intention to purchase is subject to
               (i) that SALTEL  establishes  the  existence  of its  licenses to
               operate as an operator of  telephone  services;  (ii) that SALTEL
               demonstrates  that it has a concession  for the  exploitation  of
               public telephone  service and concessions for the exploitation of
               radioelectric  spectrum,  including  the  use  of  the  following
               frequencies:

<S>                                                                 <C>
                           Network Colonia  Roma-Cerro San Jacinto  Tx 2431.25MHz - Rx 2329.75 MHz
                           Network Cerro San  Jacinto-Costa del Sol Tx 2438.25MHz - Rx 2336.75 MHz
                           Network Colonia Roma-Boqueron            Tx 2438.28MHz - Rx 2336.75 MHz
                           Network Boqueron-Aeropuerto  El Salvador Tx 2431.25MHz - Rx 2329.75 MHz
</TABLE>

                  SALTEL will convert, as permitted by competent authorities, if
                  it is required,  the previous point to point licenses to point
                  to multipoint with a minimum bandwidth of 24MHz.

     IV.  Closing Date. Due Diligence

          4.1  The  purchase  of the shares  shall take place no later than five
               working  days from the date of this letter.  4.2  Notwithstanding
               the previous section,  World Wide, by means of an independent law
               firm,  will  proceed to commence  due  diligence  of SALTEL which
               shoull be completed within the provisions of paragraph 4.1

     V.   Legal Form of Acquisition of Shares

          5.1  Taking into consideration that the purpose of these negotiations,
               in addition to  consolidating  a strategic  alliance  between the
               parties,  is to strengthen the financial position of the company,
               it is  agreed  that  upon the

                                       2
<PAGE>

               introduction  of World Wide as a shareholder  and the increase in
               capital afforded thereby,  the current shareholders will renounce
               any preferred rights they may have to subscription of shares; and
               for said purposem there will be held an extraordinary  meeting of
               shareholders.

    VI.   Special Domicile. Acceptance of the Letter

          6.1  For the legal purposes of this Letter,  both parties  acknowledge
               domicile in the city of San Salvador

          6.2  As a sign of the  acceptance,  a copy  of the  letter  should  be
               signed by Jorge Zedan which shall be held by World Wide.

VII.     Other Conditions

          7.1  It is expressly  understood by the parties,  that if a settlement
               of the  pending  litigation  between  SALTEL and CTE is  reached,
               World Wide will  receive  the  benefits  of not paying any of the
               interest payments  otherwise agreed to herein; and if any amounts
               had  previously  been  paid,  it will  be  deducted  from  future
               payments.

          7.2  Similarly, it is understood that upon the sale of substantial all
               of  SALTEL  to any  third  parties  the  point to point  licenses
               detailed  previously will be transferred  automatically  to World
               Wide or its designee.

          7.3  Both parties  declare  their intent to broaden  their  operations
               throughout  the rest of the  countries  of  Central  America,  in
               accordance with subsequent agreements as to percentages of equity
               participation  in the form most  equitable;  it being  understate
               that  the  licenses  and  frequencies  will  be in the  name of a
               company  designated  by World  Wide.  SALTEL  and/or  its  actual
               shareholders,  will have the option of  subscribing to the shares
               of the companies  formed in the rest of Central  America equal to
               at least 10% of the capital stock of those companies.

         In accordance with the foregoing, and with authorization to do so, this
         document was executed and issued in the city of San Salvador,  Republic
         of El Salvador, as of the date first above written.

                                       3================================================================================
                                                                  EXECUTION COPY

                          SECURITIES PURCHASE AGREEMENT

                                  By and Among

                    WORLD WIDE WIRELESS COMMUNICATIONS INC.,

                        ESQUIRE TRADING & FINANCE, INC.,

                            AMRO INTERNATIONAL, S.A.,

                               CELESTE TRUST REG.,

                        THE ENDEAVOR CAPITAL FUND, S.A.,

                                  NESHER, LTD.

                             THE KESHET FUND, L.P.,

                                       AND

                                  KESHET, L.P.

                           Dated as of April 14, 2000

================================================================================

<PAGE>

<TABLE>

                                                  TABLE OF CONTENTS
<CAPTION>

                                                                                                               Page
                                                                                                               ----

<S>                                                                                                              <C>
ARTICLE I         PURCHASE AND SALE OF THE SECURITIES.............................................................1
   1.1   Purchase and Sale........................................................................................1
   1.2   The Closings.............................................................................................2

ARTICLE II        REPRESENTATIONS AND WARRANTIES..................................................................4
   2.1   Representations and Warranties of the Company............................................................4
   2.2   Representations and Warranties of the Purchasers........................................................12

ARTICLE III       OTHER AGREEMENTS OF THE PARTIES................................................................13
   3.1   Transfer Restrictions...................................................................................13
   3.2   Stop Transfer Orders; Suspension of Qualification.......................................................14
   3.3   Furnishing of Information...............................................................................14
   3.4   Form D; Blue Sky Laws...................................................................................15
   3.5   Integration.............................................................................................15
   3.6   Certain Agreements......................................................................................15
   3.7   Listing and Reservation of Underlying Shares and Warrant Shares; Compliance with Law....................15
   3.8   Notice of Breaches......................................................................................16
   3.9   Conversion Obligations of the Company...................................................................16
   3.10  Use of Proceeds.........................................................................................17
   3.11  Indemnification.........................................................................................17
   3.12  Subsequent Sales and Registrations......................................................................18
   3.13  Proxy Statement.........................................................................................19
   3.14  Filing of Certificate of Amendment and Certificate of Designation.......................................19
   3.15  Filing of Form 8-K......................................................................................19
   3.16  Incorporation of the Debentures and the Certificate of Designation By Reference.........................19

ARTICLE IV        CONDITIONS.....................................................................................19
   4.1   Conditions Precedent to Sale of the Initial Securities..................................................19
   4.2   Conditions Precedent to the Obligation of the Purchasers to Purchase the Additional Securities..........21

ARTICLE V         MISCELLANEOUS..................................................................................23
   5.1   Fees and Expenses.......................................................................................23
   5.2   Entire Agreement; Amendments............................................................................23
   5.3   Notices.................................................................................................23
   5.4   Amendments; Waivers.....................................................................................24
   5.5   Headings................................................................................................24
   5.6   Successors and Assigns..................................................................................24
   5.7   No Third Party Beneficiaries............................................................................25
   5.8   Governing Law...........................................................................................25

                                                        -i-

<PAGE>

   5.9   Survival................................................................................................25
   5.10  Execution...............................................................................................25
   5.11  Publicity...............................................................................................25
   5.12  Consent to Jurisdiction; Attorneys' Fees................................................................25
   5.13  Waiver of Jury Trial....................................................................................26
   5.14  Severability............................................................................................26
   5.15  Remedies................................................................................................27
   5.16  Independent Nature of Purchasers' Obligations and Rights................................................27

</TABLE>

                                                        -ii-
<PAGE>

Schedules and Exhibits

Schedule 1          -   Purchasers of Securities
Schedule 2          -   Purchasers of Securities at Subsequent Closings
Schedule 2.1(a)     -   Organization and Qualification; Subsidiaries
Schedule 2.1(c)(i)  -   Capitalization; Rights to Acquire Capital Stock
Schedule 2.1(c)(ii) -   Notice  with  Respect to Listing
Schedule 2.1(f)     -   Consents and Approvals
Schedule 2.1(g)     -   Litigation; Proceedings
Schedule 2.1(q)     -   Intellectual  Property  Rights
Schedule 2.1(s)     -   Registration Rights, Rights of Participation
Schedule 2.1(t)     -   Title

Exhibit A           -   Form of Debentures
Exhibit B           -   Form of Warrants
Exhibit C           -   Form of Certificate of Designation
Exhibit D           -   Form of Registration Rights Agreement
Exhibit E           -   Form of Transfer Agent Instructions
Exhibit F           -   Legal Opinion of Evers & Hendrickson LLP
Exhibit G           -   Form of Certificate of Amendment of Articles of
                        Incorporation

                                     -iii-

<PAGE>

                          SECURITIES PURCHASE AGREEMENT

         SECURITIES PURCHASE AGREEMENT (this "Agreement"), dated as of April 14,
2000, by and among World Wide Wireless Communications Inc., a Nevada corporation
(the   "Company"),   Esquire   Trading  &  Finance,   Inc.   ("Esquire"),   Amro
International,  S.A.  ("Amro"),  Celeste  Trust Reg.  ("Celeste"),  The Endeavor
Capital Fund, S.A. ("Endeavor"),  Nesher, Ltd. ("Nesher"), The Keshet Fund, L.P.
("Keshet Fund") and Keshet, L.P. ("Keshet").  Esquire, Amro, Celeste,  Endeavor,
Keshet  Fund and Keshet are each  referred  to herein as a  "Purchaser"  and are
collectively referred to herein as the "Purchasers."

         WHEREAS,  subject  to the  terms  and  conditions  set  forth  in  this
Agreement,  the  Company  desires to issue and sell to the  Purchasers,  and the
Purchasers desire to acquire from the Company,  $4,592,000  aggregate  principal
amount of 4% Convertible  Debentures due 2005 of the Company (the "Debentures"),
which  Debentures  are  exchangeable  for  a  like  stated  value  of  Series  A
Convertible  Preferred  Stock,  par value  $0.01 per share and  stated  value of
$1,000 per share, upon Shareholder  Approval (as defined herein) (the "Preferred
Stock" and, together with the Debentures, the "Convertible Securities"),  shares
of the Company's  common stock,  par value $.001 per share (the "Common Stock"),
and warrants (the "Warrants") to purchase shares of the Common Stock.

         NOW,  THEREFORE,  in consideration of the mutual covenants contained in
this Agreement, the Company and each Purchaser agree as follows:

                                    ARTICLE I

                       PURCHASE AND SALE OF THE SECURITIES

         1.1      Purchase and Sale.

                  (a) Subject to the terms and conditions set forth, the Company
shall issue and sell to the Purchasers,  and the  Purchasers,  severally and not
jointly,  shall purchase from the Company (i) an aggregate  principal  amount of
$4,592,000 of Debentures,  (ii) 1,064,000  shares of Common Stock (the "Shares")
and (iii) Warrants to purchase up to 5,040,000 shares of Common Stock.

                  (b) The Debentures  shall be substantially in the form annexed
hereto as  Exhibit A and the  Warrants  shall be in the form  annexed  hereto as
Exhibit B. The Preferred Stock shall have the respective rights, preferences and
privileges set forth in the Company's  Certificate of  Designation,  Preferences
and Rights of the Series A Preferred Stock (the  "Certificate  of  Designation")
the  form of which  is  annexed  hereto  as  Exhibit  C,  which  Certificate  of
Designation,  upon Shareholder Approval,  shall be promptly filed by the Company
with the  Secretary  of State of the State of Nevada (the  "Nevada  Secretary of
State").

<PAGE>

         1.2      The Closings.

                  (a) The Initial Closing.

                           (i)  The  closing  of the  purchase  and  sale of the
         Initial  Securities  (as defined below) (the "Initial  Closing")  shall
         take place at the offices of Stroock & Stroock & Lavan LLP,  180 Maiden
         Lane,  New  York,  New  York  10038-4982,   immediately  following  the
         execution  hereof  or such  later  date or  different  location  as the
         parties  shall  agree in  writing,  but not  prior to the date that the
         conditions  set forth in Section 4.1 have been  satisfied  or waived by
         the appropriate  party.  The date of the Initial Closing is hereinafter
         referred to as the "Initial Closing Date." At the Initial Closing,  the
         Company  shall  sell and issue to the  Purchasers,  and the  Purchasers
         shall,  severally and not jointly,  purchase  from the Company,  (A) an
         aggregate  principal  amount of $3,280,000 of Debentures  (the "Initial
         Debentures"), (B) 760,000 shares of Common Stock (the "Initial Shares")
         and (C)  Warrants to purchase up to  3,600,000  shares of Common  Stock
         (the "Initial  Warrants" and together with the Initial  Debentures  and
         Initial Shares,  the "Initial  Securities")  for an aggregate  purchase
         price of $4,800,000 (the "Initial Purchase Price").

                           (ii) At the Initial  Closing  (a) the  Company  shall
         deliver to each Purchaser (1) Initial  Debentures (in definitive  form)
         in the  denominations  specified  on Schedule 1 attached  hereto,  each
         registered in the name of such Purchaser,  (2) one or more certificates
         representing  the Initial  Shares  purchased  by such  Purchaser as set
         forth next to such Purchaser's name on Schedule 1 attached hereto, each
         registered  in the  name  of such  Purchaser  (3) a  warrant  agreement
         representing  the Initial  Warrants  purchased by such Purchaser as set
         forth next to such  Purchaser's  name on  Schedule  1 attached  hereto,
         registered in the name of such Purchaser,  and (4) all other documents,
         instruments and writings required to have been delivered at or prior to
         the Initial  Closing by the Company  pursuant to this Agreement and the
         Registration  Rights  Agreement  dated the date hereof by and among the
         Company  and the  Purchasers,  in the form of Exhibit D annexed  hereto
         (the  "Registration  Rights  Agreement"),  and (b) each Purchaser shall
         deliver to the Company the  portion of the Initial  Purchase  Price set
         forth  next to its name on  Schedule  1, in United  States  dollars  in
         immediately  available funds by wire transfer to an account  designated
         in writing by the Company  for such  purpose on or prior to the Initial
         Closing Date, and all documents,  instruments and writings  required to
         have  been  delivered  at or  prior  to the  Initial  Closing  by  such
         Purchaser  pursuant  to  this  Agreement  and the  Registration  Rights
         Agreement.

                  (b) Subsequent Closings.

                  (i) Subsequent  Closings.  The date and time of the Subsequent
         Closings (as defined below) (the  "Subsequent  Closing Dates") shall be
         10:00 a.m., Eastern time, on the date specified in the Additional Share
         Notice (as  defined  below) or the  Company  Call  Notice  (as  defined
         below),  as the case may be

                                      -2-
<PAGE>

         (or such later date as is  mutually  agreed to by the  Company  and the
         applicable  Purchaser  or  Purchasers).  At any time after the  Initial
         Closing  Date, at such  Purchaser's  option  (each,  a "Purchaser  Call
         Option"),  by delivering  written notice to the Company (an "Additional
         Securities  Notice") at least five (5) Business  Days (the  "Additional
         Securities Notice Date") prior to the Subsequent Closing Date set forth
         in the Additional  Securities Notice, the Purchasers may, severally and
         not jointly,  purchase from the Company, and the Company shall sell and
         issue at multiple  closings,  if applicable,  to the  Purchasers,  such
         Purchaser's  portion  (based  on the  amounts  set  forth  next to such
         Purchaser's  name on Schedule 2 attached  hereto) of (A) an  additional
         $1,312,000   aggregate  principal  amount  of  Debentures  or,  if  the
         Shareholder  Approval  shall  have  been  obtained,   1,312  shares  of
         Preferred Stock (the "Additional Convertible Securities"),  (B) 304,000
         shares of Common  Stock (the  "Additional  Shares") and (C) Warrants to
         purchase  an   additional   1,440,000   shares  of  Common  Stock  (the
         "Additional  Warrants"  and together  with the  Additional  Convertible
         Securities and the Additional Shares, the "Additional  Securities") for
         an aggregate purchase price of $1,920,000. Each Purchaser shall only be
         entitled to deliver one Additional  Securities  Notice.  The Additional
         Securities  Notice shall set forth (i) such Purchaser's  portion of the
         Additional  Securities as set forth on Schedule 2 attached hereto, (ii)
         such Purchaser's  portion of the Additional  Purchase Price (as defined
         below) as set forth on  Schedule 2  attached  hereto and (iii) the date
         for the Subsequent  Closing Date. The closings of the purchase and sale
         of the Additional  Securities are  hereinafter  referred to each as the
         "Subsequent  Closing," and the purchase  price paid for the  Additional
         Securities  is  hereinafter  referred  to as the  "Additional  Purchase
         Price."  The  Initial  Closing  and the  Subsequent  Closing  are  each
         referred to herein as a "Closing."  If any  Purchaser has not exercised
         its Purchaser  Call Option on the third day after the date on which the
         Registration   Statement  (as  defined  in  the   Registration   Rights
         Agreement)  is  declared  effective  by  the  Securities  and  Exchange
         Commission (the  "Commission")  (or if such third day is not a business
         day, the next  succeeding  business  day),  the Company  shall have the
         option, by delivering written notice to such Purchaser (a "Company Call
         Notice")  at least five (5)  Business  Days (the  "Company  Call Notice
         Date")  prior to the  Subsequent  Closing Date set forth in the Company
         Call Notice,  to sell and issue to such  Purchaser,  and such Purchaser
         shall,  severally  and not  jointly,  purchase  from the  Company  such
         Purchaser's  portion  (based  on the  amounts  set  forth  next to such
         Purchaser's  name on  Schedule  2 attached  hereto)  of the  Additional
         Securities.   The  Company   Call  Notice  shall  set  forth  (i)  such
         Purchaser's  portion  of the  Additional  Securities  as set  forth  on
         Schedule  2  attached  hereto,  (ii) such  Purchaser's  portion  of the
         Additional  Purchase  Price as set forth on Schedule 2 attached  hereto
         and (iii) the date for the Subsequent Closing Date.

                  (ii) At the Subsequent Closing,  (a) the Company shall deliver
         to  each  Purchaser  (1)  Additional   Convertible  Securities  in  the
         denominations  specified on Schedule 2 attached hereto, each registered
         in  the  name  of  such  Purchaser,   (2)  one  or  more   certificates
         representing  the Additional  Shares purchased by such Purchaser as set
         forth next to such Purchaser's name on Schedule 2 attached hereto, each
         registered  in the

                                      -3-
<PAGE>

         name  of such  Purchaser,  (3) a  warrant  agreement  representing  the
         Additional  Warrants  purchased by such  Purchaser as set forth next to
         such Purchaser's name on Schedule 2 attached hereto,  registered in the
         name of such Purchaser,  and (4) all other  documents,  instruments and
         writings  required to have been delivered at or prior to the Subsequent
         Closing by the Company  pursuant to this Agreement and the Registration
         Rights  Agreement,  and (b) each Purchaser shall deliver to the Company
         the  portion of the  Additional  Purchaser  Price set forth next to its
         name on  Schedule  2  attached  hereto,  in United  States  dollars  in
         immediately  available funds by wire transfer to an account  designated
         in  writing  by  the  Company  for  such  purpose  on or  prior  to the
         Subsequent  Closing Date, and all documents,  instruments  and writings
         required to have been delivered at or prior to the  Subsequent  Closing
         by such  Purchaser  pursuant  to this  Agreement  and the  Registration
         Rights Agreement.  The Subsequent  Closing shall take place in the same
         manner as the Initial Closing; provided, however, that in no case shall
         the  Subsequent  Closing  take place  unless  and until the  conditions
         listed in Section 4.2 have been satisfied or waived by the  appropriate
         party.

                                   ARTICLE II

                         REPRESENTATIONS AND WARRANTIES

         2.1 Representations  and Warranties of the Company.  The Company hereby
represents and warrants to the Purchasers as follows:

                  (a) Organization and Qualification;  Subsidiaries. The Company
is a corporation,  duly organized,  validly  existing and in good standing under
the laws of the  State  of  Nevada,  with  the  requisite  corporate  power  and
authority to own and use its  properties and assets and to carry on its business
as currently conducted.  The Company has no subsidiaries other than as set forth
in  Schedule  2.1(a)   (collectively,   the  "Subsidiaries").   Other  than  the
Subsidiaries,  the  Company  does not own any  equity  securities  of any  other
Person.  A "Person"  means an individual  or  corporation,  partnership,  trust,
incorporated or  unincorporated  association,  joint venture,  limited liability
company,  joint stock company,  government (or an agency or subdivision thereof)
or other entity of any kind.  Each of the  Subsidiaries  is a corporation,  duly
organized,  validly  existing  and  in  good  standing  under  the  laws  of the
jurisdiction of its incorporation or organization (as applicable), with the full
corporate  power and authority to own and use its  properties  and assets and to
carry on its  business  as  currently  conducted.  Each of the  Company  and the
Subsidiaries  is duly  qualified  to do  business  and is in good  standing as a
foreign  corporation  in each  jurisdiction  in which the nature of the business
conducted or property  owned by it makes such  qualification  necessary,  except
where the failure to be so  qualified or in good  standing,  as the case may be,
would not, individually or in the aggregate,  (x) adversely affect the legality,
validity or  enforceability  of the  Debentures or any of the other  Transaction
Documents (as defined below), (y) have or result in a material adverse effect on
the results of  operations,  assets,  prospects  or  financial  condition of the
Company  and the  Subsidiaries,  taken as a whole or (z)  adversely  impair  the
Company's  ability to perform fully on a timely basis its

                                      -4-
<PAGE>

obligations under any Transaction Document,  including,  without limitation, the
Company's  obligations under Section 3.7 hereof (any of (x), (y) or (z), being a
"Material Adverse Effect").

                  (b) Authorization;  Enforcement. The Company has the requisite
corporate  power and authority to enter into and to consummate the  transactions
contemplated by this Agreement,  the other Transaction Documents and, subject to
Shareholder   Approval,   the  Certificate  of  Amendment  to  the  Articles  of
Incorporation  (the  "Certificate of Amendment") and Certificate of Designation,
and  otherwise  to carry out its  obligations  hereunder  and  thereunder.  This
Agreement,  the Registration  Rights Agreement,  the Debentures and the Warrants
are collectively  referred to as the "Transaction  Documents." The execution and
delivery of each of the Transaction Documents,  the Certificate of Amendment and
the Certificate of Designation by the Company and the  consummation by it of the
transactions  contemplated  hereby and thereby have been duly  authorized by all
necessary  action on the part of the  Company  and,  except for the  Shareholder
Approval  with  respect to the  Certificate  of  Amendment  and  Certificate  of
Designation,  no  further  action  is  required  by  the  Company.  Each  of the
Transaction  Documents has been or will be prior to the applicable  Closing duly
executed by the Company and each constitutes or will constitute the legal, valid
and  binding  obligation  of the  Company,  enforceable  against  the Company in
accordance  with its  terms,  except as such  enforceability  may be  limited by
applicable bankruptcy,  insolvency,  reorganization,  moratorium, liquidation or
similar laws relating to, or affecting  generally the enforcement of, creditors'
rights and remedies or by other  equitable  principles  of general  application.
Neither the Company nor any  Subsidiary is in violation of any of the provisions
of its respective  certificate of incorporation,  bylaws or other organizational
documents.

                  (c)  Capitalization;  Rights to  Acquire  Capital  Stock.  The
authorized,  issued and outstanding capital stock of the Company is set forth in
Schedule  2.1(c).  All issued  and  outstanding  shares of capital  stock of the
Company and each Subsidiary have been duly authorized and validly issued and are
fully paid and  non-assessable.  Except as disclosed in Schedule 2.1(c),  (i) no
shares of the Company's  capital  stock are subject to preemptive  rights or any
other similar rights or any liens or  encumbrances  suffered or permitted by the
Company;  (ii) there are no outstanding  debt securities  issued by the Company;
(iii) there are no outstanding options, warrants, scrip, rights to subscribe to,
calls or commitments of any character  whatsoever  relating to, or securities or
rights  convertible  into,  any shares of capital stock of the Company or any of
its Subsidiaries, or contracts,  commitments,  understandings or arrangements by
which the  Company or any of its  Subsidiaries  is or may become  bound to issue
additional  shares of capital stock of the Company or any of its Subsidiaries or
options,  warrants,  scrip,  rights to subscribe to, calls or commitments of any
character  whatsoever relating to, or securities or rights convertible into, any
shares of capital  stock of the Company or any of its  Subsidiaries;  (iv) there
are  no  agreements  or  arrangements  under  which  the  Company  or any of its
Subsidiaries is obligated to register the sale of any of their  securities under
the  Securities  Act of 1933,  as  amended  (the  "Securities  Act")(except  the
Registration Rights Agreement);  (v) there are no outstanding  securities of the
Company or any of its  Subsidiaries  which  contain  any  redemption  or similar
provisions,  and  there  are  no  contracts,   commitments,   understandings  or
arrangements  by which the Company or any of its  Subsidiaries  is or may become
bound to redeem a security of the

                                      -5-
<PAGE>

Company or any of its Subsidiaries;  (vi) there are no securities or instruments
containing  anti-dilution  or similar  provisions  that will be triggered by the
issuance of the Securities  (as defined  below) as described in this  Agreement;
and (vii) the Company  does not have any stock  appreciation  rights or "phantom
stock" plans or agreements or any similar plan or agreement. Except as set forth
on Schedule  2.1(c),  and, to the best  knowledge of the  Company,  no Person or
group of related Persons beneficially owns (as determined pursuant to Rule 13d-3
promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange
Act")) or has the right to acquire by agreement  with or by  obligation  binding
upon the Company  beneficial  ownership of in excess of 5% of the Common  Stock.
The Common  Stock is quoted on the OTC  Bulletin  Board.  Except as described on
Schedule 2.1(c)(ii), the Company has received no notice, either oral or written,
with respect to the continued  eligibility of the Common Stock for such listing,
and the Company has maintained all  requirements  for the  continuation  of such
listing. After giving effect to the transactions contemplated in this Agreement,
the  Company  believes  that  it is in  compliance  with  all  such  maintenance
requirements.

                  (d)  Issuance  of  Securities.   The  Shares  have  been  duly
authorized,  and when issued and paid for in  accordance  with the terms hereof,
shall be validly  issued,  fully paid and  nonassessable,  free and clear of all
liens, encumbrances,  security interests, charges and rights of first refusal of
any kind (collectively,  "Liens").  The Preferred Stock, when issued in exchange
for the Debentures in accordance with the terms of the Debentures, shall be duly
authorized, validly issued, fully paid and nonassessable,  free and clear of all
Liens. The Shares, the Preferred Stock and the Warrants, upon issuance, will not
subject  the  holders  thereof  to  personal  liability  by reason of being such
holders.  The shares of Common Stock issuable upon conversion of the Convertible
Securities  are referred to herein as the  "Underlying  Shares."  When issued in
accordance with the Debentures or the  Certificate of  Designation,  as the case
may be, the Underlying  Shares will be duly  authorized,  validly issued,  fully
paid and nonassessable,  free and clear of all Liens. The shares of Common Stock
issuable  upon  exercise of the  Warrants are referred to herein as the "Warrant
Shares." When issued and paid for in accordance  with the Warrants,  the Warrant
Shares will be duly authorized,  validly issued,  fully paid and  nonassessable,
free and clear of all Liens.  The Debentures,  the Shares,  the Preferred Stock,
the  Warrants,  the  Underlying  Shares and the Warrant  Shares are  referred to
herein  collectively as the  "Securities."  The Company has and, at each Closing
Date,  will  have and at all  times  while the  Convertible  Securities  and the
Warrants are  outstanding  will maintain an adequate  reserve of duly authorized
shares of Common  Stock at least  equal to the sum of (A) 200% of the  number of
shares of Common  Stock  needed to provide for the  issuance  of the  Underlying
Shares (without  regard to any limitations on conversions  thereof) and (B) 100%
of the number of shares of Common  Stock  needed to provide for the  issuance of
the Warrant Shares (without regard to any limitations on exercise thereof).

                  (e) No Conflicts.  The execution,  delivery and performance of
this Agreement,  the other Transaction  Documents,  the Certificate of Amendment
and the  Certificate of Designation by the Company and the  consummation  by the
Company of the transactions contemplated hereby and thereby (including,  without
limitation,  the reservation for issuance and issuance of the Underlying  Shares
and the  Warrant  Shares) do not and will not (i)  conflict  with or

                                      -6-
<PAGE>

violate any  provision  of its or any of its  Subsidiaries'  charter,  bylaws or
other organizational  documents, (ii) conflict with, or constitute a default (or
an event  which  with  notice or lapse of time or both  would  become a default)
under, or give to others any rights of termination,  amendment,  acceleration or
cancellation  of, any agreement,  indenture or instrument  (evidencing a debt of
the Company or otherwise)  to which the Company or any  Subsidiary is a party or
by which any  property  or asset of the  Company or any  Subsidiary  is bound or
affected,  (iii)  result in a violation  of any law,  rule,  regulation,  order,
judgment,  injunction,  decree or other restriction of any court or governmental
authority to which the Company or any Subsidiary is subject  (including  Federal
and state securities laws and regulations), or by which any property or asset of
the  Company  or any  Subsidiary  is bound or  affected,  or (iv)  result in the
creation  or  imposition  of a Lien  upon  any of the  Securities  or any of the
properties  or  assets  of  the  Company  or  any  Subsidiary,  or  any  of  its
"Affiliates"  (as such term is  defined  under  Rule 405  promulgated  under the
Securities  Act),  except in the case of each of clauses  (ii) and  (iii),  such
conflicts, defaults, terminations, amendments, accelerations,  cancellations and
violations as would not,  individually or in the aggregate,  have or result in a
Material  Adverse Effect.  The business of the Company is not being conducted in
violation of any law,  ordinance or  regulation  of any  governmental  authority
except for any such  violation as would not,  individually  or in the aggregate,
have or result in a Material Adverse Effect.

                  (f) Consents and Approvals.  Except as specifically  set forth
in Schedule 2.1(f), neither the Company nor any Subsidiary is required to obtain
any consent, waiver,  authorization or order of, give any notice to, or make any
filing or registration  with, any court or other federal,  state, local or other
governmental  authority  or other  Person  in  connection  with  the  execution,
delivery  and  performance  by the  Company of the  Transaction  Documents,  the
Certificate  of  Amendment or  Certificate  of  Designation,  other than (i) the
filing of the Registration  Statement with the Commission,  which shall be filed
in accordance with and in the time periods set forth in the Registration  Rights
Agreement,  (ii) the filing of the  Certificate of Amendment and the Certificate
of  Designation  with the Nevada  Secretary  of State  promptly  upon receipt of
Shareholder  Approval,  (iii) the application(s) or any letter(s)  acceptable to
the  National  Association  of  Securities  Dealers,  Inc.  (the "NASD") for the
quotation of the Shares, the Underlying Shares and the Warrant Shares on the OTC
Bulletin  Board (and with any other  national  securities  exchange or market on
which  the  Common  Stock  is then  listed)  and (iv) any  filings,  notices  or
registrations under applicable federal and state securities laws with respect to
the Shareholder Approval (together with the consents,  waivers,  authorizations,
orders,  notices and  filings  referred to in  Schedule  2.1(f),  the  "Required
Approvals").

                  (g) Litigation;  Proceedings.  Except as disclosed in Schedule
2.1(g),  there  is  no  action,   suit,  notice  of  violation,   proceeding  or
investigation pending or, to the knowledge of the Company, threatened against or
affecting  the  Company or any of the  Subsidiaries  or any of their  respective
assets or  properties  before or by any court,  governmental  or  administrative
agency or regulatory authority (federal,  state, county, local or foreign) which
(i) adversely affects or challenges the legality,  validity or enforceability of
any of the Transaction Documents,  the Certificate of Amendment, the Certificate
of  Designation  or the  Securities  or (ii) could  reasonably  be expected  to,
individually or in the aggregate, have a Material Adverse Effect.

                                      -7-
<PAGE>

                  (h) No Default  or  Violation.  Neither  the  Company  nor any
Subsidiary  (i) is in default  under or in violation of any  indenture,  loan or
credit  agreement or any other agreement or instrument to which it is a party or
by which it or any of its properties is bound which would reasonably be expected
to, individually or in the aggregate, have a Material Adverse Effect, (ii) is in
violation of any order of any court,  arbitrator or governmental body applicable
to it,  or (iii) is in  violation  of any  statute,  rule or  regulation  of any
governmental  authority to which it is subject, which violation could reasonably
be  expected  to,  individually  or in the  aggregate,  have a Material  Adverse
Effect.

                  (i) Schedules. The Schedules to this Agreement furnished by or
on behalf of the Company do not contain any untrue  statement of a material fact
or omit to state any material  fact  necessary  in order to make the  statements
made therein not misleading.

                  (j) Form SB-2;  Financial  Statements;  No Adverse Change. The
Company has filed a  Registration  Statement  on Form SB-2 (File No.  333-95341)
with the Commission (as amended or supplemented  from time to time, the "SB-2").
As of the  date of  filing  of the SB-2 and  each  amendment  thereto,  the SB-2
complied in all material  respects with the  requirements  of the Securities Act
and the rules and regulations of the Commission promulgated thereunder,  and did
not when filed, contain any untrue statement of a material fact or omit to state
a material fact required to be stated  therein or necessary in order to make the
statements therein not misleading.  All material agreements to which the Company
or any  Subsidiary  is a party or to which the property or assets of the Company
and its  Subsidiaries  are  subject  have been filed as  exhibits to the SB-2 as
required;  neither the Company nor any of its  Subsidiaries  is in breach of any
agreement where such breach could reasonably be expected to,  individually or in
the aggregate,  have a Material Adverse Effect. The financial  statements of the
Company  included in the SB-2 comply in all material  respects  with  applicable
accounting  requirements  and the rules and  regulations of the Commission  with
respect  thereto as in effect at the time of filing.  Such financial  statements
have  been  prepared  in  accordance  with  United  States  generally   accepted
accounting principles applied on a consistent basis during the periods involved,
except as may be otherwise  specified in such financial  statements or the notes
thereto,  and  fairly  present,  in  all  material  respects,  the  consolidated
financial  position  of the  Company  as of and for the  dates  thereof  and the
results of operations and cash flows for the periods then ended, subject, in the
case of unaudited  statements,  to normal year-end audit adjustments.  Since the
date of the financial  statements included in the SB-2, there has been no event,
occurrence or development that has had, or would reasonably be expected to have,
a  Material  Adverse  Effect  that has not been  specifically  disclosed  to the
Purchasers by the Company.

                  (k) Seniority. No class of equity securities of the Company is
senior to the  Preferred  Stock in right of payment,  whether upon  liquidation,
dissolution or otherwise.

                  (l)  Investment  Company.  The  Company  is  not,  and  is not
controlled  by or under  common  control with an  affiliate  of, an  "investment
company" within the meaning of the Investment Company Act of 1940, as amended.

                                      -8-
<PAGE>

                  (m) Certain  Fees.  Except as set forth in Section 5.1 hereof,
no fees or commissions  will be payable by the Company to any broker,  financial
advisor,  finder,  investment  banker,  or bank with respect to the transactions
contemplated  by this  Agreement.  The Purchasers  shall have no obligation with
respect to any fees or with  respect to any claims made by or on behalf of other
Persons for fees of a type  contemplated  in this Section 2.1(m) that may be due
in connection with the transactions  contemplated by this Agreement. The Company
shall  indemnify  and  hold  harmless  each of the  Purchasers,  its  employees,
officers, directors, agents, and partners, and their respective Affiliates, from
and  against  all  claims,  losses,  damages,  costs  (including  the  costs  of
preparation  and attorney's  fees) and expenses  suffered in respect of any such
claimed or existing fees arising from the action or inaction of the Company.

                  (n)  Solicitation  Materials.  The Company has not distributed
any  offering  materials  in  connection  with  the  offering  and  sale  of the
Securities.  The Company  confirms  that it has not provided the  Purchasers  or
their  agents  or  counsel  with  any  information  that  constitutes  or  might
constitute material non-public information. The Company understands and confirms
that the  Purchasers  shall  be  relying  on the  foregoing  representations  in
effecting transactions in securities of the Company.

                  (o) Employment Matters.  The Company and each Subsidiary is in
compliance in all material respects with all presently applicable  provisions of
the Employee  Retirement Income Security Act of 1974, as amended,  including the
regulations and published  interpretations  thereunder ("ERISA"); no "reportable
event" (as defined in ERISA) has occurred with respect to any "pension plan" (as
defined  in ERISA)  for which  the  Company  or any  Subsidiary  would  have any
liability;  neither the Company nor any  Subsidiary  has incurred and expects to
incur  liability  under (i) Title IV of ERISA with respect to termination of, or
withdrawal from, any "pension plan" or (ii) Sections 412 or 4971 of the Internal
Revenue  Code of 1986,  as amended,  including  the  regulations  and  published
interpretations  thereunder (the "Code");  and each "pension plan" for which the
Company  or any  Subsidiary  would have any  liability  that is  intended  to be
qualified  under  Section  401(a) of the Code is so  qualified  in all  material
respects and nothing has occurred, whether by action or by failure to act, which
would cause the loss of such qualification.

                  (p)  Exclusivity.  The  Company  shall  not issue and sell the
Debentures,  the Shares, the Preferred Stock or the Warrants to any Person other
than the Purchasers pursuant to this Agreement other than with the prior written
consent of each of the Purchasers.

                  (q)  Intellectual   Property  Rights.   The  Company  and  its
Subsidiaries  own or possess  adequate rights or licenses to use all trademarks,
trade names, service marks, service mark registrations,  service names, patents,
patent  rights,  copyrights,   inventions,  licenses,  approvals,   governmental
authorizations,  trade secrets and rights  necessary to conduct their respective
businesses as now conducted. Except as set forth on Schedule 2.1(q), none of the
Company's  trademarks,  trade names,  service marks, service mark registrations,
service  names,  patents,  patent  rights,  copyrights,   inventions,  licenses,
approvals,  government  authorizations,  trade  secrets  or  other  intellectual
property  rights  have  expired  or  terminated,  or are  expected  to

                                      -9-
<PAGE>

expire or  terminate  within two years from the date of this  Agreement,  except
where such  expiration or  termination  would not have,  individually  or in the
aggregate,  a Material  Adverse Effect.  The Company and its Subsidiaries do not
have any knowledge of any  infringement  by the Company or its  Subsidiaries  of
trademarks,  trade name rights, patents, patent rights, copyrights,  inventions,
licenses,  service  names,  service  marks,  service mark  registrations,  trade
secrets or other similar rights of others, or of any such development of similar
or identical trade secrets or technical information by others and, except as set
forth on  Schedule  2.1(q),  no  claim,  action or  proceeding  has been made or
brought against, or to the Company's knowledge, has been threatened against, the
Company or its Subsidiaries  regarding trademarks,  trade name rights,  patents,
patent rights, inventions,  copyrights,  licenses, service names, service marks,
service mark registrations,  trade secrets or other infringement.  Except as set
forth on Schedule  2.1(q),  the Company and its  Subsidiaries are unaware of any
facts or  circumstances  which  might  give  rise to any of the  foregoing.  The
Company and its Subsidiaries have taken reasonable  security measures to protect
the secrecy,  confidentiality and value of all of their intellectual  properties
except  where  the  failure  to do so would  not  have,  individually  or in the
aggregate, a Material Adverse Effect.

                  (r)  Acknowledgment of Dilution.  The Company  understands and
acknowledges  that the number of Underlying  Shares  issuable upon conversion of
the Convertible Securities will increase in certain  circumstances.  The Company
further acknowledges that its obligation to issue (i) the Underlying Shares upon
conversion  of the  Convertible  Securities  and (ii) the  Warrant  Shares  upon
exercise of the Warrants is, in each case, unconditional and absolute regardless
of the effect of any such dilution.

                  (s) Registration  Rights;  Rights of Participation.  Except as
described on Schedule  2.1(s) hereto,  (A) the Company has not granted or agreed
to grant to any Person any rights (including  "piggy-back"  registration rights)
to have any  securities  of the Company  registered  with the  Commission or any
other  governmental  authority  which has not been  satisfied and (B) no Person,
including,  but not limited to, current or former  shareholders  of the Company,
underwriters,  brokers or  agents,  has any right of first  refusal,  preemptive
right,  right of  participation,  or any  similar  right to  participate  in the
transactions contemplated by this Agreement, any other Transaction Document, the
Certificate of Amendment or the Certificate of Designation.

                  (t) Title. Except as disclosed in Schedule 2.1(t), the Company
and the  Subsidiaries  have good and marketable  title in fee simple to all real
property and personal  property  owned by them which is material to the business
of the  Company or the  Subsidiaries,  in each case free and clear of all liens,
except for liens, claims or encumbrances that do not materially affect the value
of such property and do not interfere  with the use made and proposed to be made
of such property by the Company or the Subsidiaries. Neither the Company nor any
of its  Subsidiaries  owns any real  property.  Any real property and facilities
held  under  lease by the  Company  or the  Subsidiaries  are held by them under
valid,  subsisting  and  enforceable  leases  with  such  exceptions  as are not
material and do not interfere  with the use made and proposed to be made of such
property and buildings by the Company or the Subsidiaries.

                                      -10-
<PAGE>

                  (u)  Permits.  The  Company and the  Subsidiaries  possess all
franchises,  certificates,  licenses,  authorizations  and  permits  or  similar
authority  issued  by the  appropriate  federal,  state  or  foreign  regulatory
authorities necessary to conduct their respective businesses as described in the
SB-2 except where the failure to possess such permits would not, individually or
in the aggregate,  have a Material  Adverse  Effect  ("Material  Permits"),  and
neither  the  Company  nor any  such  Subsidiary  has  received  any  notice  of
proceedings relating to the revocation or modification of any Material Permit.

                  (v)  Insurance.  The  Company  and each  Subsidiary  maintains
property and casualty, general liability,  workers' compensation,  environmental
hazard,  personal  injury and other similar types of insurance with  financially
sound  and  reputable  insurers  that  is  adequate,  consistent  with  industry
standards.  Neither the Company nor any Subsidiary has received notice from, and
has any  knowledge of any threat by, any insurer  (that has issued any insurance
policy to the  Company  or any  Subsidiary)  that such  insurer  intends to deny
coverage  under  or  cancel,  discontinue  or not  renew  any  insurance  policy
presently in force.

                  (w) Taxes.  All applicable tax returns required to be filed by
the Company and each of the  Subsidiaries  have been filed,  or if not yet filed
have been  granted  extensions  of the filing  dates which  extensions  have not
expired,  and all taxes,  assessments,  fees and other governmental charges upon
the  Company,  the  Subsidiaries,  or upon any of their  respective  properties,
income or franchises,  shown in such returns and on assessments  received by the
Company or the  Subsidiaries  to be due and payable have been paid,  or adequate
reserves  therefor have been set up if any of such taxes are being  contested in
good  faith;  or if any of such tax  returns  have not been filed or if any such
taxes have not been paid or so  reserved  for,  the failure to so file or to pay
would not in the aggregate or individually have a Material Adverse Effect.

                  (x) Internal Accounting Controls.  The Company and each of its
Subsidiaries  maintain a system of internal  accounting  controls  sufficient to
provide  reasonable  assurance that (i)  transactions are executed in accordance
with  management's  general or specific  authorizations,  (ii)  transactions are
recorded  as  necessary  to  permit  preparation  of  financial   statements  in
conformity with generally accepted  accounting  principles and to maintain asset
accountability,  (iii) access to assets is  permitted  only in  accordance  with
management's   general  or  specific   authorization   and  (iv)  the   recorded
accountability  for assets is compared  with the existing  assets at  reasonable
intervals and appropriate action is taken with respect to any differences.

                  (y) Private  Offering.  The Company and all Persons  acting on
its behalf have not made, and will not make,  offers or sales of the Debentures,
the Shares,  the Preferred Stock or the Warrants,  and any securities that might
be integrated with offers and sales of the Debentures, the Shares, the Preferred
Stock  and the  Warrants,  except  to  "accredited  investors"  (as  defined  in
Regulation  D  ("Regulation  D") under the  Securities  Act) without any general
solicitation  or advertising  and otherwise in compliance with the conditions of
Regulation  D.  The  offer  and sale by the  Company  to the  Purchasers  of the
Convertible  Securities  and the  Warrants  and the  Underlying  Shares  and the
Warrant  Shares  into which the  Convertible  Securities  and the

                                      -11-
<PAGE>

Warrants are convertible or exercisable,  as the case may be, is exempt from the
registration requirements of the Securities Act.

                  (z) No Integrated  Offering.  Neither the Company,  nor any of
its  Affiliates,  nor any Person acting on its or their behalf,  has directly or
indirectly  made any offers or sales in any security or solicited  any offers to
buy any  securities  under  circumstances  that would cause the  offering of the
Securities  pursuant to this Agreement to be integrated  with prior offerings by
the Company for purposes of the  Securities  Act or any  applicable  shareholder
approval provisions.

                  (aa) Full Disclosure.  The  representations  and warranties of
the Company set forth in this Agreement do not contain any untrue statement of a
material  fact or omit  any  material  fact  necessary  to make  the  statements
contained herein true, in light of the circumstances under which they were made,
not misleading.

         2.2  Representations  and  Warranties  of the  Purchasers.  Each of the
Purchasers,  severally and not jointly,  hereby  represents  and warrants to the
Company as follows:

                  (a)  Investment  Intent.   Such  Purchaser  is  acquiring  the
Securities for its own account for investment  purposes only and not with a view
to or for  distributing  or  reselling  such  Securities  or any part thereof or
interest therein, without prejudice, however, to such Purchaser's right, subject
to the provisions of this Agreement and the Registration  Rights  Agreement,  at
all times to sell or  otherwise  dispose  of all or any part of such  Securities
pursuant to an effective  registration statement under the Securities Act and in
compliance with applicable State securities laws or under an exemption from such
registration.

                  (b) Investor  Status.  At the time such  Purchaser was offered
the Securities, and at each Closing Date, (i) it was and will be, an "accredited
investor" (as defined in Regulation D), or (ii) such  Purchaser  either alone or
together  with  its   representatives,   had  and  will  have  such   knowledge,
sophistication  and  experience  in business and  financial  matters so as to be
capable of evaluating the merits and risks of the prospective  investment in the
Securities,  and had and will have so  evaluated  the  merits  and risks of such
investment.  Such Purchaser has the authority and is duly and legally  qualified
to purchase and own the Securities.

                  (c)  Ability of  Purchaser  to Bear Risk of  Investment.  Such
Purchaser is able to bear the economic risk of an  investment in the  Securities
and, at the present time, is able to afford a complete loss of such investment.

                  (d) Reliance. Each Purchaser understands and acknowledges that
(i)  the  Securities  are  being  offered  and  sold  to the  Purchaser  without
registration under the Securities Act in a private placement that is exempt from
the  registration  provisions  of the  Securities  Act under Section 4(2) of the
Securities Act or Regulation D promulgated  thereunder and (ii) the availability
of such  exemption,  depends  in part on,  and the  Company  will  rely upon the
accuracy

                                      -12-
<PAGE>

and  truthfulness  of, the foregoing  representations  and such Purchaser hereby
consents to such reliance.

                  The Company  acknowledges  and agrees that the Purchasers make
no representations  or warranties with respect to the transactions  contemplated
hereby or the other  Transaction  Documents  other than those  specifically  set
forth in this Section 2.2.

                                   ARTICLE III

                         OTHER AGREEMENTS OF THE PARTIES

         3.1      Transfer Restrictions.

                  (a) If any  Purchaser  should decide to dispose of any Shares,
any Convertible  Securities (and upon conversion thereof,  any of the Underlying
Shares) or Warrants (and upon exercise thereof,  any of the Warrant Shares) held
by it, each Purchaser  understands and agrees that it may do so only pursuant to
an effective  registration statement under the Securities Act, to the Company or
pursuant to an available  exemption from the  registration  requirements  of the
Securities  Act. In connection  with any transfer of any  Securities  other than
pursuant to an effective  registration  statement or to the Company, the Company
may require the transferor  thereof to provide to the Company a written  opinion
of  counsel,  the  form  and  substance  of which  opinion  shall be  reasonably
satisfactory  to the Company,  to the effect that such transfer does not require
registration  of such  transferred  securities  under the  Securities  Act which
opinion  shall be  delivered  by counsel for the Company or, at the  Purchaser's
option,  another  counsel  designated  by  the  Purchaser.  Notwithstanding  the
foregoing,  the  Company  hereby  consents  to and  agrees to  register  (i) any
transfer of Securities by one Purchaser to another Purchaser, and agrees that no
documentation  other than executed transfer  documents shall be required for any
such  transfer,  and (ii) any transfer by any  Purchaser to an Affiliate of such
Purchaser  or to an Affiliate of another  Purchaser,  or any transfer  among any
such  Affiliates,  provided that transferee  certifies in writing to the Company
that it is an  "accredited  investor" (as defined in Regulation  D). At any time
after the first  anniversary of the Initial Closing Date, if the Securities have
not been  registered  under the  Securities  Act, the Company  agrees,  upon any
Purchaser's  request, to provide to such Purchaser a written opinion of counsel,
the form  and  substance  of which  shall  be  reasonably  satisfactory  to such
Purchaser, to the effect that the Purchaser may transfer its Securities pursuant
to Rule 144 of the Securities Act. Any such transferee shall agree in writing to
be bound by the terms of this Agreement and shall have the rights of a Purchaser
under this Agreement and the Registration Rights Agreement.

                  (b) Each  Purchaser  agrees to the  imprinting,  so long as is
required by this Section 3.1(b), of the following legend on the Securities:

         THE SECURITIES  REPRESENTED  HEREBY HAVE NOT BEEN  REGISTERED  WITH THE
         SECURITIES  AND EXCHANGE  COMMISSION IN RELIANCE UPON

                                      -13-
<PAGE>

         AN EXEMPTION  FROM  REGISTRATION  UNDER THE  SECURITIES ACT OF 1933, AS
         AMENDED (THE "SECURITIES ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR
         SOLD EXCEPT PURSUANT TO AN EFFECTIVE  REGISTRATION  STATEMENT UNDER THE
         SECURITIES  ACT OR PURSUANT TO AN  AVAILABLE  EXEMPTION  FROM,  OR IN A
         TRANSACTION  NOT  SUBJECT  TO,  THE  REGISTRATION  REQUIREMENTS  OF THE
         SECURITIES ACT.

         The  Underlying  Shares  issuable upon  conversion  of the  Convertible
Securities and the Warrant  Shares  issuable upon exercise of the Warrants shall
not contain the legend set forth above if such  conversion or exercise occurs at
any time while the Registration  Statement is effective under the Securities Act
and  upon  the  sale of the  Underlying  Shares  or the  Warrant  Shares  by the
Purchasers or in the event there is not an effective  Registration  Statement at
such time, if in the written  opinion of counsel to the Company (such opinion to
be furnished at the sole  expenses of the Company at the request of a Purchaser)
such legend is not required under applicable  requirements of the Securities Act
(including judicial  interpretations  and pronouncements  issued by the staff of
the  Commission).  The Company agrees that it will provide each Purchaser,  upon
request,  with a certificate  or  certificates  representing  Underlying  Shares
and/or Warrant  Shares,  free from such legend at such time as such legend is no
longer required hereunder.

         3.2 Stop Transfer Orders; Suspension of Qualification.  The Company may
not make any notation on its records or give  instructions to any transfer agent
of the Company which enlarge the  restrictions  of transfer set forth in Section
3.1. The Company will advise the  Purchasers,  promptly after it receives notice
of issuance by the  Commission,  any state  securities  commission  or any other
regulatory  authority of any stop order or of any order preventing or suspending
the use of any offering of any  securities of the Company,  or of the suspension
of  the  qualification  of  the  Common  Stock  for  offering  or  sale  in  any
jurisdiction, or the initiation of any proceeding for any such purpose.

         3.3  Furnishing  of   Information.   As  long  as  any  Purchaser  owns
Securities,  the Company  covenants to use its best efforts to cause the SB-2 to
be declared  effective  under the  Securities  Act as promptly as possible.  The
Company  shall  furnish  copies of all  amendments to the SB-2 and copies of all
correspondence  relating  thereto to the  Purchasers  and their  counsel,  which
documents  will be subject to the review of the  Purchasers  and their  counsel.
Thereafter,  the  Company  covenants  to timely  file (or obtain  extensions  in
respect  thereof  and file  within the  applicable  grace  period)  all  reports
required  to be filed by the Company  after the date hereof  pursuant to Section
13(a) or 15(d) of the Exchange Act and to promptly  furnish the Purchasers  with
true and complete  copies of all such  filings.  As long as any  Purchaser  owns
Securities,  if the Company is not required to file reports  pursuant to Section
13(a)  or  15(d)  of the  Exchange  Act,  it will  prepare  and  furnish  to the
Purchasers  and  make  publicly   available  in  accordance   with  Rule  144(c)
promulgated under the Securities Act annual and quarterly financial  statements,
together with a discussion and analysis of such financial statements in form and
substance  substantially similar to those that would otherwise be required to be
included in reports  required by Section  13(a) or 15(d) of the Exchange Act, as
well as any other  information  required  thereby,

                                      -14-
<PAGE>

in the time period that such filings  would have been required to have been made
under the Exchange  Act. The Company  further  covenants  that it will take such
further action as any holder of Securities may  reasonably  request,  all to the
extent  required  from time to time to  enable  such  Person to sell  Underlying
Shares and/or  Warrant  Shares  without  registration  under the  Securities Act
within the limitation of the exemptions  provided by Rule 144 promulgated  under
the Securities Act, including the legal opinion referenced above in Section 3.1.
Upon the request of any such Person,  the Company shall deliver to such Person a
written certification of a duly authorized officer as to whether it has complied
with such requirements.

                                      -15-
<PAGE>

         3.4 Form D; Blue Sky  Laws.  The  Company  agrees to file a Form D with
respect to the Securities as required  under  Regulation D and to provide a copy
thereof to each Purchaser  promptly after such filing.  The Company shall, on or
before  the  Initial  Closing  Date,  take  such  action  as the  Company  shall
reasonably  determine  is  necessary  to qualify the  Securities  for, or obtain
exemption for the Securities  for, sale to the Purchasers at the Initial Closing
pursuant to this Agreement under applicable securities or "Blue Sky" laws of the
states of the United  States,  and shall provide  evidence of any such action so
taken to the  Purchasers on or prior to the Initial  Closing  Date.  The Company
shall  make all  filings  and  reports  relating  to the  offer  and sale of the
Securities required under applicable securities or "Blue Sky" laws of the states
of the United States following the Initial Closing Date.

         3.5 Integration.  The Company shall not sell, offer for sale or solicit
offers to buy or  otherwise  negotiate in respect of any security (as defined in
Section 2 of the Securities Act) that would be integrated with the offer or sale
of the  Securities  in a manner that would  require the  registration  under the
Securities Act of the sale of any or all of such securities to any Purchaser.

         3.6 Certain Agreements.  As long as any Purchaser owns Securities,  the
Company shall not and shall cause the  Subsidiaries  not to, without the consent
of the  holders  of all  of the  Securities  then  outstanding,  (i)  amend  its
certificate of incorporation,  bylaws or other organizational documents so as to
adversely affect any rights of any Purchaser; (ii) declare, authorize, set aside
or pay any  dividend  or other  distribution  with  respect to the Common  Stock
except as permitted under the  Transaction  Documents and as would not adversely
affect  the rights of any  Purchaser  hereunder  or under the other  Transaction
Documents;  (iii) repay,  repurchase or offer to repay,  repurchase or otherwise
acquire  shares of its  Common  Stock in any  manner;  (iv)  issue any series of
preferred  stock  or  other   securities  with  rights  senior  (in  respect  of
liquidations,  dividends,  preferences  and  similar  rights)  to  those  of the
Preferred  Stock or (v) enter  into any  agreement  with  respect  to any of the
foregoing.

         3.7 Listing and  Reservation of Underlying  Shares and Warrant  Shares;
Compliance with Law

                  (a) The Company shall notify the  Commission  and the NASD, in
accordance with their  requirements,  of the  transactions  contemplated by this
Agreement  and the  other  Transaction  Documents,  and  shall  take  all  other
necessary  action and proceedings as may be required and permitted by applicable
law, rule and regulation,  for the legal and valid issuance of the Securities to
the Purchasers and promptly provide copies thereof to the Purchasers.

                  (b) The  Company  shall  take all action  necessary  to at all
times have authorized,  and reserved for the purpose of issuance upon conversion
of the  Convertible  Securities and upon exercise of the Warrants,  no less than
the sum of (A) 200% of the  number of shares of

                                      -16-
<PAGE>

Common  Stock  needed to  provide  for the  issuance  of the  Underlying  Shares
(without regard to any  limitations on conversions  thereof) and (B) 100% of the
number of shares of Common  Stock  needed to  provide  for the  issuance  of the
Warrant Shares (without regard to any limitations on exercise thereof).

                  (c)  Until  at  least  two (2)  years  after  the  last of the
Convertible  Securities has been converted into Underlying Shares or the last of
the Warrants has been  exercised  for the Warrant  Shares,  (i) the Company will
cause its Common  Stock to continue to be  registered  under  Sections  12(b) or
12(g) of the Exchange  Act,  will comply in all respects  with its reporting and
filing  obligations  under such Exchange Act, will comply with all  requirements
related to any  registration  statement  filed pursuant to this Agreement or the
Registration  Rights Agreement and will not take any action or file any document
(whether or not permitted by the Securities Act or the Exchange Act or the rules
and  regulations  thereunder)  to terminate or suspend such  registration  or to
terminate or suspend its reporting and filing  obligations  under the Securities
Act and Exchange Act, except as permitted  herein and (ii) the Company will take
all action  within its power to  continue  the  listing or trading of its Common
Stock  on the OTC  Bulletin  Board  and will  comply  in all  respects  with the
Company's  reporting,  filing and other obligations under the bylaws or rules of
the NASD.

         3.8 Notice of Breaches.

                  (a) Each of the Company and each  Purchaser  shall give prompt
written  notice  to the  other of any  material  breach  of any  representation,
warranty or other agreement  contained in this Agreement,  any other Transaction
Document,  the Certificate of Amendment or the  Certificate of  Designation,  as
well as any events or occurrences arising after the date hereof and prior to any
Closing Date,  which would reasonably be likely to cause any  representation  or
warranty or other agreement of such party, as the case may be,  contained herein
to be  materially  incorrect or breached as of such Closing  Date.  However,  no
disclosure by any party pursuant to this Section 3.8 shall be deemed to cure any
breach of any representation, warranty or other agreement contained herein or in
the Registration Rights Agreement.

                  (b)  Notwithstanding  the  generality of Section  3.8(a),  the
Company shall promptly  notify each Purchaser of any notice or claim (written or
oral) that it  receives  from any lender of the  Company to the effect  that the
consummation of the transactions contemplated hereby or by any other Transaction
Document  violates  or would  violate  any written  agreement  or  understanding
between such lender and the Company,  and the Company shall promptly  furnish by
facsimile  to each  Purchaser a copy of any written  statement  in support of or
relating to such claim or notice.

                  (c) The default by any  Purchaser  of any of its  obligations,
representations  or  warranties  under  any  Transaction  Document  shall not be
imputed to, and shall have no effect  upon,  any other  Purchaser  or affect the
Company's  obligations  under the  Transaction  Documents to any  non-defaulting
Purchaser  with  respect  to any  outstanding  Shares,  Convertible  Securities,
Warrants, Underlying Shares or Warrant Shares.

                                      -17-
<PAGE>

         3.9  Conversion  Obligations of the Company.  The Company  covenants to
convert  the  Convertible  Securities  and to deliver the  Underlying  Shares in
accordance with the terms and conditions and within the time period set forth in
the Debentures or the Certificate of Designation, as the case may be.

         3.10 Use of Proceeds.  The Company  shall use all of the proceeds  from
the sale of the Securities for working  capital and general  corporate  purposes
and not for the  satisfaction of any portion of Company  borrowings  outside the
normal course of business,  including,  without  limitation,  any  obligation or
liability of any kind whatsoever  owed to a shareholder,  officer or director of
the  Company,  or to  redeem  Company  equity or  equity-equivalent  securities.
Pending  application of the proceeds of this  placement in the manner  permitted
hereby,  the  Company  will invest such  proceeds in interest  bearing  accounts
and/or short-term, investment grade interest bearing securities.

         3.11  Indemnification.  The Company  also will  indemnify  and hold the
Purchasers harmless against any and all losses,  claims,  damages or liabilities
to any such  Person  (including,  without  limitation,  in  connection  with any
action,  proceeding  or  investigation  brought by or against  any such  Person,
including by  shareholders  of the Company) in connection with or as a result of
any matter referred to in Transaction Documents, the Certificate of Amendment or
the  Certificate  of  Designation,   including,   without  limitation,  for  any
misrepresentation by the Company, for breaches of representations and warranties
contained in any of the Transaction  Documents,  the Certificate of Amendment or
the  Certificate  of  Designation,   and  for  any  breach,   non-compliance  or
nonfulfillment  by the Company of any covenant,  agreement or  undertaking to be
complied  with or performed  by it  contained in or pursuant to the  Transaction
Documents,  the  Certificate  of Amendment or the  Certificate  of  Designation,
except to the extent that it is finally judicially  determined that such losses,
claims,  damages or liabilities resulted solely from the gross negligence or bad
faith of the  Purchasers.  If for any reason the  foregoing  indemnification  is
unavailable to such Purchaser or is insufficient  to hold such Person  harmless,
then  the  Company  shall  contribute  to the  amount  paid or  payable  by such
Purchaser  as a  result  of  such  loss,  claim,  damage  or  liability  in such
proportion as is appropriate to reflect the relative  economic  interests of the
Company and its  shareholders  on the one hand and the  Purchasers  on the other
hand in the matters contemplated by the Transaction  Documents,  the Certificate
of Amendment or the Certificate of Designation, as well as the relative fault of
the Company  and the  Purchasers  with  respect to such loss,  claim,  damage or
liability and any other relevant  equitable  considerations.  The reimbursement,
indemnity and contribution obligations of the Company under this paragraph shall
be in addition to any  liability  which the Company may  otherwise  have,  shall
extend upon the same terms and conditions to any affiliate of the Purchasers and
the partners,  directors,  agents, employees or controlling persons (if any), as
the case may be, of the Purchasers and any such affiliate,  and shall be binding
upon and inure to the benefit of any  successors,  assigns,  heirs and  personal
representatives of the Company, the Purchasers,  any such affiliate and any such
Person.  The Company  also agrees that  neither the  Purchasers  nor any of such
affiliates,  partners, directors, agents, employees or controlling persons shall
have any liability to the Company or any Person asserting claims on behalf of or
in right of the Company in connection with or as a result of any matter referred
to in this

                                      -18-
<PAGE>

Agreement,  the other Transaction Documents, the Certificate of Amendment or the
Certificate of Designation,  except to the extent that it is finally  judicially
determined that any losses, claims, damages, liabilities or expenses incurred by
the Company result solely from the gross  negligence or bad faith of, or knowing
breach of this Agreement,  the other Transaction  Documents,  the Certificate of
Amendment or the Certificate of Designation  by, the Purchasers.  Promptly after
receipt  by  the  Purchasers  or any  affiliate,  partners,  directors,  agents,
employees and controlling persons, as the case may be, of notice of any claim or
other  commencement  of any action in respect of which  indemnity may be sought,
such party will  notify the  Company in writing of the  receipt or  commencement
thereof and the Company shall have the right to assume the defense of such claim
or action  (including the employment of counsel  reasonably  satisfactory to the
indemnified  parties and the payment of fees and expenses of such counsel).  The
indemnified  party shall cooperate with the Company and the Company's counsel in
the defense of such claim or action. The Purchasers  understand that the Company
shall  not in  connection  with any one such  claim or action  or  separate  but
substantially similar related claims or actions in the same jurisdiction arising
out of the  same  general  allegations  or  circumstances,  be  liable  for  the
reasonable fees and expenses of more than one separate firm of attorneys for all
of the indemnified parties unless the defense of one indemnified party is unique
or separate from that of another indemnified party or one or more legal defenses
are  available  to an  indemnified  party but not to other  indemnified  parties
subject to the same claim or action.  In the event the Company does not promptly
assume the defense of a claim or action, the indemnified  parties shall have the
right to employ counsel reasonably satisfactory to the Company, at the Company's
expense,  to defend such claim or action.  The indemnified party shall not admit
any liability with respect to the claim or action or settle,  compromise, pay or
discharge the same without the prior  written  consent of the Company so long as
the Company is reasonably  contesting  or defending the same in good faith.  The
Company shall not  compromise,  settle or discharge any claim or action  without
the Purchasers'  consent, as applicable,  which consent will not be unreasonably
withheld,  unless there is no finding or  admission of any  violation of any law
against the  indemnified  party and the sole relief is monetary  damages paid in
full by the Company.  The  provisions  of this  Section  3.11 shall  survive any
termination or completion of the Transaction Documents.

         3.12 Subsequent Sales and Registrations.  (a) Until such time as all of
the  Convertible  Securities  have been converted into Common Stock or have been
redeemed  pursuant to the  Debentures or the  Certificate  of  Designation,  the
Company shall not, directly or indirectly,  without the prior written consent of
the Purchasers,  offer, sell, grant any option to purchase, or otherwise dispose
of (or  announce  any  offer,  sale,  grant of any option to  purchase  or other
disposition)  any  of  its  or  its  Affiliates'  equity  or   equity-equivalent
securities or any  instrument  that permits the holder thereof to acquire Common
Stock, except (i) the granting of options or warrants to employees, officers and
directors,  and the issuance of shares upon exercise of options  granted,  under
any stock option plan  heretofore  or  hereinafter  duly adopted by the Company,
(ii) shares issued upon exercise of any currently outstanding warrants disclosed
in Schedule  2.1(c)(i),  and (iii) shares of Common Stock issued upon conversion
of the Convertible Securities or upon exercise of the Warrants.

                                      -19-
<PAGE>

         (b) Other than Underlying Shares, Warrant Shares and other "Registrable
Securities" (as defined in the Registration  Rights  Agreement) to be registered
in accordance with the Registration Rights Agreement, the Company shall not, for
a period of not less than 90 Trading Days (as defined in the  Debentures)  after
the dates that any registration statement relating to the Securities is declared
effective  by  the  Commission,   without  the  prior  written  consent  of  the
Purchasers, (i) register for resale any securities of the Company, except as set
forth  on  Schedule  2.1(s),  or (ii)  issue  or  sell  any of its or any of its
Affiliates'  equity or  equity-equivalent  securities  except for (A) securities
issued upon the exercise or conversion of the  securities  set forth on Schedule
2.1(c)(i) or (B)  securities  sold  pursuant to the Company's  employee  benefit
plans.  Any days  that any  Purchaser  is unable  to sell  Underlying  Shares or
Warrant  Shares  under  the  Registration  Statement  shall  be added to such 90
Trading Day period for the purposes of (i) and (ii) above.

         3.13 Proxy  Statement.  The  Company  shall  provide  each  shareholder
entitled  to vote at the next  meeting of  shareholders  of the  Company,  which
meeting  shall occur on or before July 15,  2000, a proxy  statement,  which has
been  previously  reviewed  by the  Purchasers  and  counsel  of  their  choice,
soliciting each such shareholder's  affirmative vote at such shareholder meeting
for approval of the Company's  issuance of all of the Securities as described in
this Agreement and the  authorization  and adoption by the  shareholders  of the
Certificate  of Amendment  and the  Certificate  of  Designation,  including the
Preferred Stock described  therein (such  affirmative  vote being referred to as
the "Shareholder  Approval"),  and the Company shall use its best efforts to (i)
solicit the Shareholder  Approval,  including hiring a proxy  solicitation firm,
and (ii)  cause  the Board of  Directors  of the  Company  to  recommend  to the
shareholders that they approve such proposals.

         3.14 Filing of Certificate of Amendment and Certificate of Designation.
Not later than the third Business Day following receipt of Shareholder Approval,
the Company  shall file the  Certificate  of Amendment  and the  Certificate  of
Designation  with the Nevada Secretary of State and shall consummate the Company
Exchange  (as defined in the  Debentures)  in  accordance  with the terms of the
Debentures.

         3.15 Filing of Form 8-K. On or before the first  Business Day following
each  Closing  Date,  the  Company  shall  file a Form 8-K  with the  Commission
describing  the  terms  of the  transactions  contemplated  by  the  Transaction
Documents and consummated at the applicable Closing, in the form required by the
Exchange Act.

         3.16 Incorporation of the Debentures and the Certificate of Designation
By  Reference.  The  Debentures  and,  upon the filing  thereof  with the Nevada
Secretary of State,  the  Certificate of  Designation,  are hereby  incorporated
herein by reference and made a part hereof.

                                      -20-
<PAGE>

                                   ARTICLE IV

                                   CONDITIONS

         4.1 Conditions Precedent to Sale of the Initial Securities

                  (a)  Conditions  Precedent to the Obligation of the Company to
Sell the Initial  Securities.  The obligation of the Company to sell the Initial
Securities hereunder is subject to the satisfaction or waiver by the Company, at
or before the Initial Closing, of each of the following conditions:

                           (i) Accuracy of the Purchasers'  Representations  and
         Warranties.  The representations and warranties of each Purchaser shall
         be true and correct in all  material  respects as of the date when made
         and as of the Initial  Closing  Date,  as though made on and as of such
         date;

                           (ii)  Performance by the  Purchasers.  Each Purchaser
         shall have performed,  satisfied and complied in all material  respects
         with  all  covenants,   agreements  and  conditions  required  by  this
         Agreement to be performed, satisfied or complied with by such Purchaser
         at or prior to the Initial Closing; and

                           (iii) No Injunction.  No statute,  rule,  regulation,
         executive order, decree,  ruling or injunction shall have been enacted,
         entered, promulgated or endorsed by any court or governmental authority
         of competent  jurisdiction  which prohibits the  consummation of any of
         the  transactions  contemplated  by this Agreement or the  Registration
         Rights Agreement.

                  (b)  Conditions  Precedent to the Obligation of the Purchasers
to Purchase the Initial  Securities.  The obligation of each Purchaser hereunder
to acquire and pay for the Initial  Securities is subject to the satisfaction or
waiver by such  Purchaser,  at or before  the  Initial  Closing,  of each of the
following conditions:

                           (i)  Accuracy of the  Company's  Representations  and
         Warranties. The representations and warranties of the Company set forth
         in this Agreement and in the  Registration  Rights  Agreement  shall be
         true and correct in all material  respects as of the date when made and
         as of the Initial Closing Date as though made on and as of such date;

                           (ii)  Performance  by the Company.  The Company shall
         have  performed,  satisfied and complied with in all material  respects
         all covenants,  agreements and conditions required by this Agreement to
         be performed,  satisfied or complied with by the Company at or prior to
         the Initial Closing;

                           (iii) No Injunction.  No statute,  rule,  regulation,
         executive order, decree,  ruling or injunction shall have been enacted,
         entered, promulgated or endorsed by

                                      -21-
<PAGE>

         any court or  governmental  authority of competent  jurisdiction  which
         prohibits the consummation of any of the  transactions  contemplated by
         this Agreement or any other Transaction Document;

                           (iv) Adverse Changes. Since the date of the financial
         statements  included in the SB-2, no event which had a Material Adverse
         Effect and no material adverse change in the financial condition of the
         Company shall have occurred (for purposes  hereof changes in the market
         price of the Common Stock may be considered as a factor in  determining
         whether  there has  occurred an event which has had a Material  Adverse
         Effect or whether a material adverse change has occurred);

                           (v) No  Suspensions  of Trading in Common Stock.  The
         trading  in the  Common  Stock  shall  not have been  suspended  by the
         Commission or on OTC Bulletin Board,  which  suspension shall remain in
         effect;

                           (vi) Legal Opinion.  The Company shall have delivered
         to the  Purchasers  the  opinion of Evers &  Hendrickson  LLP,  outside
         counsel to the Company,  in  substantially  the form annexed  hereto as
         Exhibit F;

                           (vii)  Required  Approvals.  All  Required  Approvals
         shall have been obtained;

                           (viii)  Shares  of Common  Stock.  On or prior to the
         Initial  Closing Date,  the Company shall have duly reserved the number
         of Underlying  Shares and Warrant  Shares  required by the  Transaction
         Documents  to  be  reserved  for  issuance   upon   conversion  of  the
         Convertible Securities and upon exercise of the Warrants;

                           (ix) Delivery of Stock  Certificates,  Debentures and
         Warrant  Certificates.   The  Company  shall  have  delivered  to  each
         Purchaser  or  such  Purchaser's   designee,   (i)  stock  certificates
         representing  the  Initial  Shares,  registered  in the  name  of  such
         Purchaser,  each  in form  satisfactory  to such  Purchaser,  (ii)  the
         Debentures representing the Initial Debentures,  registered in the name
         of such  Purchaser,  each in form  satisfactory  to the Purchaser,  and
         (iii)  warrant   certificate(s)   representing  the  Initial  Warrants,
         registered in the name of such Purchaser,  in form  satisfactory to the
         Purchaser;

                           (x) Registration Rights Agreement.  The Company shall
         have executed and delivered the Registration Rights Agreement;

                           (xi) Transfer  Agent  Instructions.  The  Irrevocable
         Transfer Agent  Instructions,  in the form of Exhibit E annexed hereto,
         shall  have  been  delivered  to and  acknowledged  in  writing  by the
         Company's transfer agent; and

                           (xii) Officer's  Certificate.  On the Initial Closing
         Date  the  Company  shall  deliver  to  the   Purchasers  an  Officer's
         Certificate  dated the Initial  Closing Date and

                                      -22-
<PAGE>

         signed by an executive  officer of the Company  confirming the accuracy
         of the Company's  representations,  warranties  and covenants as of the
         Initial  Closing Date and confirming the compliance by the Company with
         the  conditions  precedent  set  forth  in this  Section  4.1 as of the
         Initial Closing Date.

         4.2  Conditions  Precedent  to  the  Obligation  of the  Purchasers  to
Purchase the Additional  Securities.  The obligation of each Purchaser hereunder
to acquire and pay for the Additional  Securities is subject to the satisfaction
or waiver by each Purchaser, at or before the Subsequent Closing, of each of the
following conditions:

                           (a) Initial  Closing.  The Initial Closing shall have
         occurred.

                           (b)  Accuracy of the  Company's  Representations  and
         Warranties. The representations and warranties of the Company contained
         herein  and in the  Registration  Rights  Agreement  shall  be true and
         correct as of the date when made and as of the Subsequent Closing Date,
         as though made on and as of such date,  except where the event  causing
         such  representation  or warranty to be untrue or  incorrect  would not
         result in a Material Adverse Effect;

                           (c)  Performance  by the Company.  The Company  shall
         have  performed,  satisfied and complied in all material  respects with
         all covenants, agreements and conditions required by this Agreement and
         the other Transactions Documents to be performed, satisfied or complied
         with by the Company at or prior to the Subsequent Closing Date;

                           (d)   Registration   Statement.    The   Registration
         Statement with respect to the Underlying  Shares issuable on conversion
         of all  Convertible  Securities  and with respect to the Warrant Shares
         issuable  upon  exercise  of all  Warrants  shall  have  been  declared
         effective  under  the  Securities  Act by the  Commission,  in a timely
         manner in accordance with the Registration  Rights Agreement;  and such
         Registration  Statement  shall be  effective,  not  subject to any stop
         order and not be subject to any suspension  pursuant to Section 3(d) of
         the Registration  Rights Agreement,  and no stop order shall be pending
         or threatened as of the Subsequent Closing Date;

                           (e) No  Injunction.  No  statute,  rule,  regulation,
         executive order, decree,  ruling or injunction shall have been enacted,
         entered, promulgated or endorsed by any court or governmental authority
         of competent  jurisdiction  which prohibits the  consummation of any of
         the   transactions   contemplated  by  this  Agreement  and  the  other
         Transaction Documents relating to the issuance,  conversion or exercise
         of any of the Securities;

                           (f) Litigation;  Proceedings. No action, suit, notice
         of violation, proceeding or investigation shall have been instituted or
         threatened  against the Company

                                      -23-
<PAGE>

         which  could  reasonably  be  expected  to,   individually  or  in  the
         aggregate, have a Material Adverse Effect;

                           (g) No  Suspensions  of Trading in Common Stock.  The
         trading in the Common  Stock,  at all times since the  Initial  Closing
         Date,  shall  not  have  been  suspended  by the  Commission  or on OTC
         Bulletin Board, which suspension shall remain in effect;

                           (h) Required Approvals.  All Required Approvals shall
         have been obtained;

                           (i) Shares of Common Stock. On the Subsequent Closing
         Date the  Company  shall have duly  reserved  the number of  Underlying
         Shares and Warrant Shares required by this Agreement to be reserved for
         issuance upon conversion or exercise of any Additional  Securities,  as
         applicable;

                           (j) Delivery of  Securities.  The Company  shall have
         delivered to each Purchaser or such Purchaser's designee the Additional
         Securities,  registered  in the  name  of such  Purchaser,  and in form
         satisfactory to such Purchaser; and

                           (k)  Performance  of  Conversion   Obligations.   The
         Company shall have delivered  Underlying  Shares upon conversion of the
         Convertible  Securities  and  otherwise  performed its  obligations  in
         accordance  with the terms,  conditions and timing  requirements of the
         Convertible Securities.

                                    ARTICLE V

                                  MISCELLANEOUS

         5.1 Fees and Expenses.  (a) The Company shall pay the reasonable  legal
fees and expenses of Stroock & Stroock & Lavan LLP,  counsel for the Purchasers,
incident to the negotiation, preparation, execution, delivery and performance of
this  Agreement and the other  Transaction  Documents,  in  connection  with the
negotiation, preparation, execution and delivery of this Agreement and the other
Transaction  Documents.  The  Company  shall  pay the fees and  expenses  of its
advisers, counsel, accountants and other experts, if any, and all other expenses
incurred by the Company  incident to the  negotiation,  preparation,  execution,
delivery and performance of this Agreement and the other Transaction  Documents.
The Company  shall pay all stamp and other taxes and duties levied in connection
with the issuance of the Securities pursuant to the Transaction Documents.

         (b) The Company shall pay to Union Atlantic LC and Continental  Capital
& Equity  Corporation  (the  "Finders") as a commission  in connection  with the
transactions  contemplated  hereby,  a fee payable in United  States  dollars in
immediately available funds by wire transfer to an account designated in writing
by the Finders for such purpose equal to 8% of the aggregate

                                      -24-
<PAGE>

purchase price of securities sold at such Closing (6.5% to Union Atlantic LC and
1.5% to Continental Capital & Equity Corporation).  In addition,  Union Atlantic
LC  will  receive  100,000   Warrants  in  connection   with  the   transactions
contemplated hereby. The Finders are intended third-party  beneficiaries of this
Section 5.1(b).

         5.2 Entire  Agreement;  Amendments.  This Agreement,  together with the
Exhibits and Schedules hereto,  the other Transaction  Documents and, when filed
with the Nevada  Secretary of State,  the Amended  Articles and  Certificate  of
Designation, contain the entire understanding of the parties with respect to the
subject  matter hereof and supersede all prior  agreements  and  understandings,
oral or written, with respect to such matters.

         5.3 Notices.  Any and all notices or other communications or deliveries
required or permitted to be provided  hereunder shall be in writing and shall be
deemed given and  effective on the earlier of (i) the date of  transmission,  if
such  notice or  communication  is  delivered  via  facsimile  at the  facsimile
telephone number specified for notice prior to 5:00 p.m., New York City time, on
a Business  Day, (ii) the Business Day after the date of  transmission,  if such
notice or  communication  is delivered via facsimile at the facsimile  telephone
number  specified  for notice later than 5:00 p.m.,  New York City time,  on any
date and earlier than 11:59 p.m.,  New York City time,  on such date,  (iii) the
Business Day  following the date of mailing,  if sent by  nationally  recognized
overnight  courier  service  or (iv)  actual  receipt  by the party to whom such
notice is required to be given. The addresses for such  communications  shall be
with  respect  to each  Purchaser  at its  address  set forth  under its name on
Schedule 1 attached hereto, or with respect to the Company, addressed to:

                  World Wide Wireless Communications Inc.
                  520 Third Street, Suite 101
                  Oakland, California  94607
                  Attention: Douglas P. Haffer
                  Telephone No.:  (510) 839-6100
                  Facsimile No.:  (510) 839-7088

or to such other address or addresses or facsimile number or numbers as any such
party may most recently have  designated in writing to the other parties  hereto
by such notice.  Copies of notices to any  Purchaser  shall be sent to Stroock &
Stroock & Lavan LLP, 180 Maiden Lane, New York, New York 10038-4982,  Attention:
James R. Tanenbaum,  Esq.,  Telephone No.: (212) 806-5400,  Facsimile No.: (212)
806-6006. Copies of notices to the Company shall be sent to Evers & Hendrickson,
LLP, 155 Montgomery,  12th Floor, San Francisco,  California  94104,  Attention:
William D. Evers,  Esq.,  Telephone  No.: (415)  772-8100,  Facsimile No.: (415)
772-8101.

         5.4 Amendments;  Waivers.  No provision of this Agreement may be waived
or amended except in a written  instrument  signed, in the case of an amendment,
by both the  Company  and the  Purchasers;  or, in the case of a waiver,  by the
party against whom  enforcement  of any such waiver is sought.  No waiver of any
default  with  respect  to any  provision,  condition

                                      -25-
<PAGE>

or requirement of this  Agreement  shall be deemed to be a continuing  waiver in
the future or a waiver of any other provision,  condition or requirement hereof,
nor shall any delay or omission of either party to exercise any right  hereunder
in any manner impair the exercise of any such right  accruing to it  thereafter.
Notwithstanding  the  foregoing,  no such  amendment  shall be  effective to the
extent  that it  applies  to less  than  all of the  holders  of the  Securities
outstanding. The Company shall not offer or pay any consideration to a Purchaser
for consenting to such an amendment or waiver unless the same  consideration  is
offered to each Purchaser and the same  consideration  is paid to each Purchaser
which consents to such amendment or waiver.

         5.5  Headings.  The headings  herein are for  convenience  only, do not
constitute a part of this  Agreement  and shall not be deemed to limit or affect
any of the provisions hereof.

         5.6  Successors and Assigns.  This Agreement  shall be binding upon and
inure to the benefit of the parties and their successors and permitted  assigns.
The Company may not assign this Agreement or any rights or obligations hereunder
without the prior written consent of each of the Purchasers.  The Purchasers may
assign this Agreement or any rights or obligations  hereunder  without the prior
written  consent  of the  Company,  except  that  any  assignee  must  make  the
representations  and  warranties  set forth in Section 2.2 and otherwise  comply
with the terms of this  Agreement  otherwise  applicable to its  assignor.  This
provision shall not limit a Purchaser's right to transfer securities or transfer
or assign rights under the Registration Rights Agreement.

         5.7 No Third Party  Beneficiaries.  This  Agreement is intended for the
benefit of the parties  hereto and their  respective  permitted  successors  and
assigns and is not for the benefit of, nor may any provision  hereof be enforced
by, any other Person.

         5.8 Governing  Law. This  Agreement  shall be governed by and construed
and  enforced  in  accordance  with the laws of the State of New  York,  without
regard to the principles of conflicts of law thereof.

         5.9 Survival. The agreements,  covenants,  representations,  warranties
and  provisions  contained in this  Agreement  shall survive the delivery of the
Securities  pursuant  to this  Agreement  and  each  Closing  hereunder  and any
conversion of the Convertible Securities or exercise of the Warrants.

         5.10  Execution.  This  Agreement  may  be  executed  in  two  or  more
counterparts,  all of which when taken  together shall be considered one and the
same agreement and shall become effective when  counterparts have been signed by
each  party and  delivered  to the other  party,  it being  understood  that all
parties need not sign the same  counterpart.  In the event that any signature is
delivered by facsimile  transmission,  such  signature  shall create a valid and
binding  obligation of the party executing (or on whose behalf such signature is
executed) the same with the same force and effect as if such facsimile signature
page were an original thereof.

                                      -26-
<PAGE>

         5.11 Publicity.  The Company and each Purchaser shall consult with each
other in issuing any press releases or otherwise  making public  statements with
respect to the  transactions  contemplated  hereby and neither party shall issue
any such press release or otherwise make any such public  statement  without the
prior written  consent of the other,  which  consent  shall not be  unreasonably
withheld or  delayed,  except  that no prior  consent  shall be required if such
disclosure  is required by law,  in which such case the  disclosing  party shall
provide the other party with prior notice of such public statement.  The Company
shall not  publicly or  otherwise  disclose  the names of any of the  Purchasers
without each such Purchaser's prior written consent unless otherwise required by
law, in which case the Company shall inform such Purchaser of such disclosure in
writing prior to making such disclosure.

         5.12  Consent  to   Jurisdiction;   Attorneys'  Fees  (a)  The  Company
(including,  but  not  limited  to,  its  affiliates,   subsidiaries,  officers,
directors and  controlling  persons) and each Purchaser  hereby (i)  irrevocably
submits to the  exclusive  jurisdiction  of any New York State  court or Federal
court  sitting in the Borough of  Manhattan,  The City of New York in any action
related  to,  connected  with or  arising  out of,  in  whole  or in  part,  the
Transaction  Documents,  including,  but not  limited  to,  transactions  in the
securities  of the  Company  subsequent  to the  purchase by such  Purchaser  or
Persons  claimed to be  affiliated  with such  Purchaser,  (ii)  agrees that all
claims in such  action  shall be decided in such  court,  (iii)  waives,  to the
fullest extent it may effectively do so, the defense of  inconvenient  forum and
(iv)  consents  to the  service of process by  certified  mail,  return  receipt
requested.  Nothing  herein  shall  affect the right of any party to serve legal
process in any manner  permitted  by law or affect its right to bring any action
in any other court.

         (b) In  connection  with  any  dispute  between  the  Company  and  any
Purchaser,  related to,  connected  with or arising out of, in whole or in part,
the Transaction  Documents  including,  but not limited to,  transactions in the
securities of the Company subsequent to the purchase,  by a Purchaser or Persons
claimed to be affiliated to a Purchaser,  the prevailing  party shall be awarded
all reasonable  attorneys' fees and expenses  incurred by it. In that connection
fees and expenses  actually paid by a party in connection with the litigation of
any dispute shall be deemed presumably reasonable.

         (c) In the  event  that  any  Purchaser  or any  Person  claimed  to be
affiliated or associated with such Purchaser becomes involved in any capacity in
any  action,  proceeding  or  investigation  brought by or against  any  Person,
including  shareholders of the Company, in connection with or as a result of any
matter  referred to in the  Transaction  Documents,  the Company  will  promptly
reimburse  such  Purchaser  and/or those  claimed to be affiliated or associated
with  such  Purchaser  for its  legal  fees  and  expenses  and  other  expenses
(including the cost of any investigation and preparation) incurred in connection
therewith, as those fees and expenses are incurred;  provided,  however, that if
at the  conclusion  of such  action,  proceeding  or  investigation  it shall be
finally  judicially  determined  by  a  court  of  competent  jurisdiction  that
indemnity for such fees and expenses is contrary to law, or that such  Purchaser
is not the prevailing party then in that event,  such Purchaser and/or any other
Person  having  received  such  advances  of fees and  expenses  shall  promptly
reimburse the Company in full for the sums advanced.

                                      -27-
<PAGE>

         (d) The  provisions of this Section 5.12 shall survive any  termination
or completion of the Transaction Documents.

         5.13  Waiver of Jury Trial (a) The  parties  hereto  each  waive  their
respective  rights to a trial by jury of any claim or cause of action based upon
or arising out of or related to the Transaction  Documents,  or the transactions
contemplated by the Transaction  Documents,  in any action,  proceeding or other
litigation of any type brought by any of the parties  against any other party or
parties, whether with respect to contract claims, tort claims, or otherwise. The
parties  hereto each agree that any such claim or cause of action shall be tried
by a court trial without a jury.  Without  limiting the  foregoing,  the parties
further  agree  that  their  respective  right to a trial by jury is  waived  by
operation  of  this  Section  5.13  as to  any  action,  counterclaim  or  other
proceeding  which  seeks,  in whole or in part,  to  challenge  the  validity or
enforceability  of any of the Transaction  Documents or any provision  hereof or
thereof.  The  waiver  shall  apply  to  any  subsequent  amendments,  renewals,
supplements or modifications to any of the Transaction Documents.

         (b) The  provisions of this Section 5.13 shall survive any  termination
or completion of the Transaction Documents.

         5.14 Severability.  If any term, provision,  covenant or restriction of
this  Agreement is held to be invalid,  illegal,  void or  unenforceable  in any
respect, the remainder of the terms, provisions,  covenants and restrictions set
forth  herein  shall  remain  in full  force and  effect  and shall in no way be
affected,  impaired  or  invalidated,  and the  parties  hereto  shall use their
reasonable  efforts to find and employ an alternative  means to achieve the same
or substantially the same result as that  contemplated by such term,  provision,
covenant  or  restriction.  It is  hereby  stipulated  and  declared  to be  the
intention of the parties  that they would have  executed  the  remaining  terms,
provisions, covenants and restrictions without including any of such that may be
hereafter declared invalid, illegal, void or unenforceable.

         5.15  Remedies.  In addition to being  entitled to exercise  all rights
provided herein or granted by law, including recovery of damages, the Purchasers
will be entitled to specific performance of the obligations of the Company under
the  Transaction  Documents and injunctive  relief.  Each of the Company and the
Purchasers  (severally and not jointly) agree that monetary damages would not be
adequate  compensation  for any loss  incurred  by reason  of any  breach of its
obligations  described in the  foregoing  sentence and hereby agrees to waive in
any action for specific  performance of any such obligation or injunctive relief
the defense that a remedy at law would be adequate.

         5.16  Independent  Nature of Purchasers'  Obligations  and Rights.  The
obligations  of each  Purchaser  hereunder  is  several  and not joint  with the
obligations  of the  other  Purchasers  hereunder,  and no  Purchaser  shall  be
responsible  in any way for the  performance  of the  obligations  of any  other
Purchaser  hereunder.  Nothing  contained  herein or in any other  agreement  or
document delivered at any Closing, and no action taken by any Purchaser pursuant
hereto  or  thereto,   shall  be  deemed  to  constitute  the  Purchasers  as  a
partnership,  an  association,  a

                                      -28-
<PAGE>

joint  venture  or any other kind of entity,  or create a  presumption  that the
Purchasers are in any way acting in concert with respect to such  obligations or
the  transactions  contemplated  by this  Agreement.  Each  Purchaser  shall  be
entitled to protect and enforce its rights,  including  without  limitation  the
rights arising out of this Agreement or out of the other Transaction  Documents,
and it shall  not be  necessary  for any  other  Purchaser  to be  joined  as an
additional party in any proceeding for such purpose.

                                      -29-
<PAGE>

         IN WITNESS  WHEREOF,  the parties  hereto  have caused this  Securities
Purchase Agreement to be duly executed by their respective authorized persons as
of the date first indicated above.

                                    WORLD WIDE WIRELESS
                                    COMMUNICATIONS, INC.

                                    By:     /s/ Douglas P. Haffer
                                         -------------------------------------
                                         Name:  Douglas P. Haffer
                                         Title:  President

                                    ESQUIRE TRADING & FINANCE, INC.

                                    By:     /s/ Roland Wineger
                                         -------------------------------------
                                         Name:  Roland Wineger
                                         Title:  Director

                                    AMRO INTERNATIONAL, S.A.

                                    By:     /s/ H. U. Bachofer
                                         -------------------------------------
                                         Name:  H. U. Bachofer
                                         Title:  Director

                                    CELESTE TRUST REG.

                                    By:     /s/ Thomas Hackl
                                         -------------------------------------
                                         Name:  Thomas Hackl
                                         Title:  Representative

                                    THE ENDEAVOR CAPITAL FUND, S.A.

                                             By:  Endeavor Management, Inc.

                                             By:    /s/ Shmuli Margulies
                                                ------------------------------
                                             Name:  Shmuli Margulies
                                             Title:  Director

                                      -30-
<PAGE>

                                    THE KESHET FUND, L.P.

                                    By:              /s/ David Grin
                                         -------------------------------------
                                         Name:  David Grin
                                         Title:

                                    KESHET, L.P.

                                    By:            /s/ David Grin
                                         -------------------------------------
                                         Name:  David Grin
                                         Title:

                                    NESHER, LTD.

                                    By:               /s/ J. D. Clarke
                                         -------------------------------------
                                         Name:  J. D. Clarke
                                         Title:  Director

                                      -31-

<PAGE>

<TABLE>
                                                        Schedule 1

                                                        Purchasers
                                                        ----------
<CAPTION>
                                                  Number of     Principal Amount                             Portion of
                                                  Initial          of Initial           Number of        Initial Purchase
 Name of Purchaser      Address of Purchaser      Shares           Debentures        Initial Warrants          Price
 -----------------      --------------------      --------         -----------       ----------------    ----------------
<S>                                                <C>              <C>                 <C>                  <C>
Esquire Trading &     Schutzengelstrasse 36        140,000          $420,000             525,000              $700,000
Finance Inc.          Baar, Switzerland CH6342
                      Fax No.: 041-7601031

Amro International    c/o Ultra Finance Ltd.       300,000          $900,000            1,125,000            $1,500,000
S.A.                  Grossmuenster Platz 26,
                      P.O. Box 4401
                      Zurich, Switzerland
                      CH8022

Celeste Trust Reg.    c/o                          120,000          $360,000             450,000              $600,000
                      Trevisa-Treuhand-Ansalt
                      Landstrassse 8
                      9496 Furstentums
                      Balzers, Liechtenstien

The Endeavor          14/14 Divrea Chaim           150,000         $1,200,000           1,125,000            $1,500,000
Capital Fund, S.A.    Street
                      Jerusalem 94479, Israel

                      Fax No.:
                      011-972-2-5824443

Nesher, Ltd.          c/o Ragnall House            10,000            $80,000              75,000              $100,000
                      18 Peel Road
                      Douglas, Isle of Man
                      1M1 4L2, United Kingdom

Keshet, L.P.          Seameadow House              25,000           $200,000             187,500              $250,000
                      BlackBurn Highway
                      P.O. Box 173
                      Road Town, Tortola
                      British Virgin Islands

The Keshet Fund,      c/o KCM, LLC                 15,000           $120,000             112,500              $150,000
L.P.                  135 W. 50th Street
                      Suite 1700
                      New York, NY  10020

       Total:                                      760,000         $3.280,000           3,600,000            $4,800,000
                                                   =======         ==========           =========            ==========
</TABLE>

                                                          -32-

<PAGE>

<TABLE>

                                                        Schedule 2

                                                        Purchasers
<CAPTION>
                                                 Number of       Principal Amount                           Portion of
                                                 Additional    or Stated Value of       Number of       Additional Purchase
 Name of Purchaser      Address of Purchaser      Shares           Additional       Additional Warrants        Price
 -----------------      --------------------     ---------     ------------------   ------------------- -------------------
                                                              Convertible Securities,
                                                                  as applicable
                                                                  -------------
<S>                                                <C>              <C>                  <C>                  <C>
Esquire Trading &     Schutzengelstrasse 36        56,000           $168,000             210,000              $280,000
Finance Inc.          Baar, Switzerland CH6342
                      Fax No.: 041-7601031

Amro International    c/o Ultra Finance Ltd.       120,000          $360,000             450,000              $600,000
S.A.                  Grossmuenster Platz 26,
                      P.O. Box 4401
                      Zurich, Switzerland
                      CH8022

Celeste Trust Reg.    c/o                          48,000           $144,000             180,000              $240,000
                      Trevisa-Treuhand-Ansalt
                      Landstrassse 8
                      9496 Furstentums
                      Balzers, Liechtenstien

The Endeavor          14/14 Divrea Chaim           60,000           $480,000             450,000              $600,000
Capital Fund, S.A.    Street
                      Jerusalem 94479, Israel

                      Fax No.:
                      011-972-2-5824443

Nesher, Ltd.          c/o Ragnall House             4,000            $32,000              30,000              $40,000
                      18 Peel Road
                      Douglas, Isle of Man
                      1M1 4L2, United Kingdom

Keshet, L.P.          Seameadow House              10,000            $80,000              75,000              $100,000
                      BlackBurn Highway
                      P.O. Box 173
                      Road Town, Tortola
                      British Virgin Islands

The Keshet Fund,      c/o KCM, LLC                  6,000            $48,000              45,000              $60,000
L.P.                  135 W. 50th Street
                      Suite 1700
                      New York, NY  10020

       Total:                                      304,000         $1.312,000           1,440,000            $1,920,000
                                                   =======         ==========           =========            ==========

</TABLE>
                                                          -33-

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