Document:

WATCHOUT!,INC.
                            7272 WISCONSIN AVE. #300
                            BETHESDA, MARYLAND 20814
                                 (888) 261-2887

                                                              December 29, 2000

VIA HAND DELIVERED:

WIRELESSON.COM ltd
&
EXPANDED SYSTEMS SOLUTION INC.

Attn: ALLAN BEZANSON

                   Re:     Letter of Intent

 Dear Mr. Bezanson:

         This letter will serve to confirm our recent discussions regarding the
proposed acquisition by WatchOut! Inc. ("WO") of Wirelesson.com AND Expanded
Systems Solutions Inc., (the "Company"). Such purchase and the related
transactions described herein are collectively referred to as the "Investment."
The following numbered paragraphs reflect our understanding of the matters
described in them, but are not to constitute a complete statement of, or a
legally binding or enforceable agreement or commitment on the part of WatchOut!,
Inc. or Company with respect to the matters, described therein, except for
numbered paragraphs 6(A-C). This Letter of Intent does, however, set forth a
good faith intention of the parties to enter into a more definitive agreement
regarding the Relationship between the parties. ("Definitive Agreement").

         1. Structure and Terms. Until additional due diligence is completed we
are suggesting an outline for the acquisition as stated:

         A.)      We are prepared to pay 1,000,000 million shares of Rule 144
                  stock to purchase the remaining 92% outstanding in
                  Wirelesson.com and Expanded Systems Solutions Inc. We would be
                  willing to provide a put @ $.80 USD a share.

         B.)      Base upon analysis of the current staff we would provide
                  three-year employment contracts to the existing management
                  staff that was deem essential including production bonus based
                  upon obtaining their production targets. Glenn Boyd and
                  Grahame Entwistle will be deemed essential employees.

         C.)      We would assume the responsibility for the operational
                  expenses, and provide additional capital for the operation. We
                  expect to designate $2 million CDN.from our capital raise to
                  expand the operation of Wirelesson.

<PAGE>

         D.)      The principles (Glenn Boyd and Grahame Entwistle) of Expanded
                  Systems would receive a bonus of $1.8-million dollars CDN
                  worth of stock based upon if they were ably to maintain the
                  actually revenue in the amount of $600,000 CDN (minus the
                  accounting games) for the next two years.

         E.)      Watchout is to complete a registration statement in January.
                  Upon the registration statement becoming effective the two
                  principles of Expanded Systems Solutions Inc. would each
                  become eligible to receive $100,000CDN. The condition for the
                  payment is that the Company must be profitable and the payment
                  would be paid over four quarters. The first half of the
                  payment is unconditional of the profitable.

         F.)      Watchout would be required to payoff the loan to NOVALINK
                  FINANCE LTD in the amount of $300,000 CDN. The condition for
                  the payment is that the payments would be paid in six payments
                  commencing on or before September 1, 2001.

         G.)      Protec Trading Inc. would receive cash payment of $100,000 USD
                  on or before July 1, 2001.

         2. Board of Directors. The definitive agreement described below will
include provisions whereby WO will agree that upon the effective date of the
Agreement, the Board of Directors of WO will be three with one vacancies being
tilled by individuals chosen solely by Company, and two director remaining.
Wirelesson's appointed director will sit on the compensation committee, audit
committee and would have veto power for the issuance of free trading stock

         3. Operation of the Business. At all times prior to the closing of the
Acquisition or the abandonment of the proposed transactions described herein,
the Company and WO will conduct its business solely in the ordinary course, and
will not enter into any material transaction outside of the ordinary course,
including but not limited to issuing any additional capital stock of the Company
(other than upon the exercise or conversion of any options, warrants,
convertible securities or other rights outstanding on the date hereof),
incurring any indebtedness for money borrowed or any other material
indebtedness, changing its methods of payment of accounts payable or collection
of accounts receivable, or paying any dividends, distributions, fees or other
payments to stockholders, directors, executive officers or other affiliates of
the Company (other than normal compensation and expense reimbursements in the
ordinary course of business consistent with past practice), without notifying
each other in advance, in writing.

         5. Expenses. Each party will be responsible for the payment of its own
costs and expenses (including, without limitation, professional fees of its
attorneys, accountants and other advisors) in connection with these
transactions.

          6. Upon execution of counterparts of this Letter by you, the following
 lettered paragraphs will constitute the legally binding and enforceable
 agreement of WatchOut, Inc. and Company in consideration of their mutual
 undertakings as to the matters described herein:

                                       2
<PAGE>

                  A. Best Efforts - WatchOut, Inc. and Company will negotiate in
good faith and use their best efforts to arrive at a mutually acceptable
Definitive Agreement for approval, execution, and delivery on the earliest
reasonably practicable date.

                  B. Confidentiality - The parties hereto acknowledge that in
the negotiation of the Definitive Agreement each will obtain and learn
confidential information of the other, and each covenants and agrees that it
shall not divulge, either in writing or orally, any information of a
confidential nature to which it becomes privy which is not otherwise available
to the public generally or contained in any filing or report to a public agency,
by virtue of this Agreement or the performance of their respective duties and
obligations hereunder, but shall maintain such information in confidence;
provided, however, that to the extent necessary to carry out their respective
duties hereunder, such information as is necessary to such performance may be
shared by employees of the respective parties, but shall not be divulged to any
third party. For purposes of enforcing the foregoing provisions, such
confidential information which either party may be privy to of the other shall
be deemed "trade secrets." The provisions of this paragraph shall be binding
upon both parties and shall survive expiration or termination of this Agreement.
Any breach or violation of the provisions of this paragraph shall entitle the
aggrieved party to injunctive relief to restrain any existing or future
disclosure of such information or material in addition to any other relief,
including the recovery of damages, available at law.

If a Definitive Agreement is not executed by the parties, each party will return
to the other all materials containing or reflecting any trade secrets and will
not retain any copies, extracts, or other reproductions thereof.

                  C. Except with respect to the provisions of paragraphs A-C,
either party hereto may terminate this letter, and thereafter this letter shall
have no further force and effect and the parties shall have no further
obligations hereunder if the Definitive Agreement is not signed on or before
January 15, 2001 at 12:00 noon eastern standard time, if such terminating party
is not in breach of any of the binding provisions hereof.

         7. Due Diligence. At all times through the preparation of definitive
agreements and the closing of the Acquisition, WO and its representatives will
be afforded the opportunity to conduct a full due diligence investigation of the
assets, business, financial condition, management and prospects of the Company,
the results of which due diligence investigation shall be satisfactory to WO.
This shall include a review of Company's financial statements. Company shall
have the same due diligence rights regarding WO as set forth herein.

         8. Closing_ Date. Subject to satisfactory completion of due diligence
and the Definitive Agreement described below, it is anticipated that the closing
of the Investment will occur on or before January 15, 2001

         9. Conclusion. This letter represents only an expression of our mutual
intention at this time and shall not be construed or deemed to represent an
agreement or agreement to agree, as to any Investment or other transaction. It
is expressly understood and

                                       3
<PAGE>

 agreed that the legal rights and obligations of the parties shall arise only
 pursuant to definitive agreements regarding the Investment (collectively, the
 "Definitive Agreement"), containing customary representations, warranties,
 covenants and agreements of the parties thereto and in form and content
 mutually satisfactory to such parties and their legal counsel; provided,
 however, that notwithstanding the otherwise non-binding nature of this letter,
 the provisions of paragraph 6 above, shall be binding on the parties upon the
 execution and delivery of this letter.

         If the foregoing accurately reflects the substance of our understanding
at this time, please so indicate by signing a copy of this letter of intent in
the space provided below.

                                     Very truly yours,

                                     WATCHOUT!INC.

                                     By: /s/ Todd Violette
                                        -------------------------------------
                                             Todd Violette, Chairman of Board

Acknowledged, Confirmed and
Agreed To:

Wirelesson.com

/s/  Allan Bezanson
--------------------------
     Allan Bezanson

Expanded Systems

/s/ Glenn Boyd
--------------------------
    Glenn Boyd

/s/ Grahame Entwistle
--------------------------
    Grahame EntwistleBUSINESS CONSULTING AGREEMENT
                          -----------------------------

         THIS AGREEMENT (the "Agreement") is made and entered into by and
between Eyewear Online, Inc., a New York corporation (the "Company") and Cormax
Business Solutions, Ltd., an Alberta corporation (the "Consultant"); the Company
and the Consultant being hereinafter collectively referred to as the "Parties"
and generically, as a "Party."

                                    PREAMBLE
                                    --------

         WHEREAS, the Consultant has substantial experience as an applications
service provider; and

         WHEREAS, the Company desires to retain the Consultant's services to
provide the Company with a completely turn-key internet based business; and

         WHEREAS, the Company is relying upon the Consultant's expertise in the
design, marketing implementation, operation and marketing of commercial internet
sits; and

         WHEREAS, the Consultant is agreeable to such arrangement, subject to
the following terms and conditions:

         NOW, THEREFORE, in consideration for the Consultant's agreement to
perform the hereinafter described services as well as of the premises, the sum
of TEN DOLLARS ($10.00), and other good and valuable consideration, the receipt
and adequacy of which is hereby acknowledged, the Parties, intending to be
legally bound, hereby agree as follows:

                                   WITNESSETH:

                                   ARTICLE ONE
                                   -----------
                                    RETENTION
                                    ---------

1.1       Duties - General Purpose
          ------------------------

         The Company hereby engages and retains the Consultant to act as its
exclusive agent to assist it in developing a comprehensive corporate plan and
structuring and developing a corporate website and such other related services
as the Consultant deems necessary to provide the Company with a turnkey business
system to conduct operations as envisioned by the Company's business plan which
has been discussed by the Parties.

1.2      Development Duties
         ------------------

         The Consultant's duties, which relate to the operation of the Company
and for which it will receive the compensation specified elsewhere in this
Agreement are:

                                       1
<PAGE>

         (a)      To prepare a three-year Business Development plan acceptable
                  to the Company;

         (b)      To develop a new corporate website for the business to
                  business and business to consumer marketing and sales of
                  lenses, glasses, frames, sunglasses and related products (the
                  "Business");

         (c)      To complete the structure of a three-year e-commerce evolution
                  which will support the receipt and distribution of orders and
                  provide information ,for marketing, sales support and
                  accounting;

         (d)      To complete the structure of a three-year website and services
                  evolution;

         (e)      To provide ISP hosting services;

         (f)      To provide a customized billing collections software package
                  and related accounting software;

         (g)      To provide a customized distribution/logistics software
                  package;

         (h)      To provide a customized customer relationship management
                  software package;

         (i)      To develop a customized Database solution;

         (j)      To provide the necessary expertise involved in the selection,
                  of the Company's hardware, software, and bandwidth
                  requirements;

         (k)      To provide Web Master duties and facilities;

         (l)      To provide the Company with activity reports on the website
                  and current data base files at such frequency as the Company
                  deems reasonably necessary for the proper evaluation,
                  monitoring and control of it's business;

         (m)      To produce a master and manufacture not less than 500 copies,
                  at one time each contract year a ten-minute macro media Flash
                  marketing CD-ROM for the Company.

         The Consultant shall at its sole cost and expense, provide all
necessary hardware, software, network infrastructure and personnel to accomplish
the foregoing in a timely and workmanlike manner. The Consultant further agrees
to hold the Company and it's officer, directors and consultants harmless for all
cost and expenses related to the vendors, including, but not limited to third
party vendors

1.3     Additional Duties
        -----------------

         (a)      In the event the Company, requests that the Consultant render
                  services to it other than those specified in this Agreement,
                  the Company and the Consultant shall enter into a written
                  supplemental agreement setting forth the duties to be
                  performed and the compensation therefor.

                                       2
<PAGE>

         (b)      The Consultant will provide the Company no less frequently
                  than monthly, with full documentation, passwords and graphic
                  sources necessary at all times to replicate the operations,
                  website and services for the services provided. It is the
                  Parties intention that the site and its operation at all times
                  will be `portable" so that it may be moved and replicated by
                  the Company at another ISP within thirty days written notice.
                  1n that regard the Consultant, upon notice; will take such
                  action as is necessary to transfer any domain names to the
                  Company.

         (c)      As requested by the Company, from time to time; the Consultant
                  will provide, at it's expense, all hardware and 'software
                  necessary to process the transaction flow generated by the
                  provided website, with sufficiently redundant systems to
                  assure that the site is not off-line for more than two hours
                  per day.

1.4      Term
         ----

         Subject to the provision of Section 2(d) below, the term of this
Agreement shall be for a period of thirty-six (36) months. and, will
automatically renew thereafter on a year-to-year basis unless either party
provides sixty (GO) days written notice of intent to terminate the Agreement.

                                  ARTICLE TWO
                                  -----------
                           CONSULTANT'S COMPENSATION
                           -------------------------

2.1      Compensation
         ------------

         As compensation for the services to be provided pursuant to this
Agreement, the Consultant shall receive from the Company for the services herein
described, the following compensation.

         (a)     Company shall pay Consultant a total of $1,080,000 during the
                 three (3) year term of this Agreement contingent upon the
                 Company receiving funding from an approved registration of its
                 securities with the Securities and Exchange Commission.

         (b)     Upon receipt of the first $120,000, the Company will pay
                 Consultant fifty percent (50%) of the received funding, or up
                 to $60,000.

         (c)     At such time as the Company has received $800,000 in funding,
                 an additional $300,000 shall be paid. to complete the
                 Company's obligations under the first year of this Agreement.
                 Thereafter, subject to the Company's right to terminate the
                 Agreement in the manner set forth in Section 2.l(d), an
                 additional $720,000 will be due monthly at the rate of $30,000
                 per month starting on the first anniversary of the payment of
                 $300,000.

                                       3
<PAGE>

         (d)     The Company shall terminate this Agreement upon 30 days notice
                 to Consultant any time eighteen months after its payment of
                 $300,000 to Consultant under Section 2.1(c) if the Company has
                 not raised financing of $750,000 in addition to the $1.4
                 million raised pursuant to its agreement with Alliance
                 Equities, Inc. dated on or about the date of this Agreement.
                 Such termination will be without further liability to
                 Consultant and Consultant shall deliver all property, records,
                 and all material related to the Business in the Consultant's
                 possession and control to the Company within thirty days of
                 written request, therefore

         (e)     All expenses not specifically set forth herein shall be
                 assumed by Company.

         (f)     Failure to make timely payments to Consultant shall be grounds
                 for immediate termination of this Agreement by Consultant,
                 only after Consultant delivers a!1 materials related to the
                 Business in the Consultant's possession and control to the
                 Company.

                                  ARTICLE THREE
                                  -------------
                         REPRESENTATIONS AND WARRANTIES
                         ------------------------------

         The Company hereby represents, warrants and covenants that it will keep
the Consultant fully informed of all material Company plans and developments,
that al1 such information will be true, and will not omit any information
necessary, in light of the information provided, to render such information not
misleading.

3.2      Consultant
         ----------

         The Consultant hereby represents, warrants and covenants to the Company
that:

         (a)      Consultant is qualified to perform the services contemplated
                  by this Agreement;

         (b)      Consultant shall keep all information related to the Business
                  confidential for the term of this Agreement and for a period
                  of 3 months following it's termination; and

         (c)      Consultant shall not indirectly or directly compete with the
                  Business for the term of this Agreement and for a period of 12
                  months following it's termination; and

         (d)      All materials, graphics, designs, logos, software and other
                  forms of "intellectual property" used by the Consultant in
                  performing the services or provided to the Company shall be so
                  utilized under valid and fully paid licenses to do so.

         Consultant hereby agrees to hold and defend the Company and all parties
controlling the Company from, any and all cost, expenses and damages relating to
the breach of the above warranties, including the cost of reasonable attorney's
fees.

                                       4
<PAGE>

3.3      The Parties acknowledge that, except as herein set forth, there are no
representations or warranties of any kind.

                                  ARTICLE FOUR
                                  ------------
                                 MISCELLANEOUS
                                 -------------

4.1      Notices
         -------

         All notices, demands or other written communications hereunder shall be
in writing; and unless otherwise provided, shall be deemed to have been duly
given on the first business day after deposit with a reputable international
next-day courier, return receipt requested, postage prepaid, addressed as
follows:

TO CONSULTANT:           Cormax Business Solutions, Ltd.
                         808 4th Avenue S.M., Suite 810
                         Calgary, Alberta, Canada T2P 3ES

TO THE COMPANY:          Eyeware Online, Inc.
                         P.O. Box 93
                         Woodbury, NY 11797

in each case; with copies to such other address or to such other persons as any
Party shall designate to the others for such purposes in the manner hereinabove
set forth.

4.2      Amendment
         ---------

         No modification, waiver, amendment, discharge or change of this
Agreement shall be valid unless the same is in writing and signed by Parties.

4.3      Merger
         ------

         This instrument, together with the instruments referred to herein,
contains all of the understandings and agreements of the Parties with respect to
the subject matter discussed herein. All prior agreements whether written or
oral are merged herein and shall be of no force or effect.

4.4      Survival
         --------

         The several representations, warranties and covenants of the Parties
contained herein shall survive the execution hereof and shall be effective
regardless of any investigation that may have been made or may be made by or on
behalf of any Party.

                                       5
<PAGE>

4.5      Severability
         ------------

         If any provision or any portion of any provision of this Agreement,
other than a conditions precedent; if any; or the application of such
provision or any portion thereof to any person or circumstances shall be held
invalid or unenforceable, the remaining portions of such provision and the
remaining provisions of this Agreement or the application of such provision or
portion of such provisions is held invalid or unenforceable to persons or
circumstances other than those to which it is held invalid or unenforceable,
shall not be affected thereby.

4.6      Governing Law and Venue
         -----------------------

         This Agreement shall be construed in accordance with the laws of the
State of New York and any proceeding arising between the Parties in any matter
pertaining or related to this Agreement shall, to the extent permitted by law,
be held in U.S. Federal Court or New York State Court located in Nassau County.
New York.

4.7      Litigation
         ----------

         In any action between the Parties to enforce any of the terms of this
Agreement or any other matter arising from this Agreement, the prevailing Party
shall be entitled to recover its costs and expenses, including reasonable
attorneys' fees up to and including all negotiations, trials and appeals,
whether or not litigation is initiated.

4.8      Benefit of Agreement
         --------------------

         The terms and provisions of this Agreement shall be binding upon and
inure to the benefit of the Parties, jointly and severally, their successors,
assigns, personal representatives, estate, heirs and legatees.

4.9      Captions
         --------

         The captions in this Agreement are for convenience and reference only
and in no way define, describe, extend or limit the scope of this Agreement or
the intent of any provisions hereof.

4.10     Number and Gender
         -----------------

         All pronouns and any variations thereof shall be deemed to refer to the
masculine, feminine, neuter, singular or plural, as the identity of the Party or
Parties, or their personal representatives, successors end assigns may require.

4.11     Further Assurances
         ------------------

         The Parties hereby agree to do, execute; acknowledge and deliver or
cause to be done, executed, acknowledged or delivered and to perform all such
acts and deliver all such deeds, assignments, transfers, conveyances, powers of
attorney, assurances. stock certificates and other documents; as ,may, from time
to time, be required herein to effect the intent and purpose of this agreement.

                                       6
<PAGE>

4.12     Status
         ------

         Nothing in this Agreement shall be construed or shall constitute a
partnership, joint venture, Employer-employee relationship or lessor-lessee
relationship but, rather, the relationship established pursuant hereto is that
of principal and independent contractor-agent.

4.13     Counterparts
         ------------

         This Agreement maybe executed in any number of counterparts. All
executed counterparts shall constitute one Agreement notwithstanding that all
signatories are not signatories to the original or the same counterpart.

         IN WITNESS WHEREOF, the Parties have executed this Agreement; effective
as of the 4th day of December, 2000.

Signed, Sealed & Delivered
in Our Presence                              EYEWEAR ONLINE, INC.

                                             By: /s/ Arthur Singer
-------------------------------              ---------------------------------
                                                     Arthur Singer

-------------------------------

                                             CORMAX BUSINESS SOLUTIONS LTD.

                                             By: /s/ Todd Violette
-------------------------------              -------------------------------
                                                     Todd Violette, President

-------------------------------

                                       7

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