Document:

Exhibit 10.1

DEED OF AGREEMENT FOR ASSIGNMENT OF INTELLECTUAL PROPERTY

THIS DEED is made the                   day of June 2000

BETWEEN: GLOBAL POWER & WATER INC, a company organised and existing under the
         laws of the United States of America ("Global")

AND:     AQUADYNE INC, a company organised and existing under the laws of the
         United States of America, ("AquaDyne")

WHEREAS:

A.       Global claims to be and warrants that it is the legal and beneficial
         owner of all patent and other intellectual property rights deriving
         from or otherwise associated with an invention called the JetWater
         System ("the Product"), which is a distillation method water
         purification system that utilizes an afterburner to heat water
         containing effluent from commercial and other applications to
         temperatures greatly exceeding those achieved by existing water
         distillation systems, reduces solids down to submicron size, extracts
         them and discharges clear and sterile water

B.       Global has agreed to assign its entire rights, title and interest in
         the patents and other intellectual property rights deriving from or
         otherwise associated with the Product to AquaDyne, in consideration for
         the allotment of shares in AquaDyne to Global and this Agreement
         embodies the entire terms of this assignment as agreed between the
         parties hereto.

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NOW THE PARTIES AGREE as follows:

ARTICLE 1         INTERPRETATION

1.1      Unless the context otherwise requires, the following expressions shall
         have the meanings ascribed to them:

         "AGREEMENT" means this assignment agreement and amendments hereto and
         any other instrument expressed to be supplemental to this agreement and
         all amendments thereto.

         "ASSIGNMENT" means the assignment of the Intellectual Property to
         AquaDyne pursuant to this Agreement

         "CONFIDENTIAL INFORMATION" means any and all confidential information
         relating to the Product, all client lists, formulae, notes,
         correspondence, drawings and other written material or software
         associated with the Product including all that information, advice and
         know-how of a proprietary nature relating to the Product.

         "COPYRIGHT" means those rights of copyright under the Commonwealth
         Copyright Act in respect of the Product and other rights of copyright
         throughout the World.

         "DESIGN RIGHTS" means those rights comprised in a definition of a
         registered design in the Design Act (1906) of the Commonwealth of
         Australia granted in relation to the Product together with all rights
         of registered design now confirmed by the laws enforced in the other
         parts of the World.

         "FUTURE RIGHTS" means, jointly and severally, all those rights
         (statutory and otherwise) comprised in the definition of Design Rights,
         Patent Rights, Trade Mark Rights or Copyright which may in the future
         be created.

         "IMPROVEMENTS" means any method or approach which can be adapted to the
         Product which would make it cheaper, more effective, in any way easier
         to access or more useful or valuable or in any way preferable as a
         commercial article, system or process in any part of the World in
         relation to the Product and which has been or is ever developed.

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         "INTELLECTUAL PROPERTY" means, jointly and severally, the Future
         Rights, the Patent Rights, the Copyright, the Design Rights, the Trade
         Mark Rights and any other rights that may at any time exist in relation
         to the Product.

         "PARTIES" means the parties to this Deed, being Global and AquaDyne.

         "PATENT APPLICATION" means International Patent Application
         No. PQ5402 filed under the PCT and given an international filing date
         of 2 February 2000, a copy of which is contained in Schedule 1 of this
         Agreement.

         "PATENT RIGHTS" means, jointly and severally, all present and future
         patents and applications therefor relating to the Product, including,
         without limiting the generality of the foregoing, the Patent
         Application, filed in any country in the world, and all divisions,
         continuation, continuation in part, supplemental disclosure and
         reissues thereof, and without limiting the generality of the foregoing,
         those patent rights pursuant to the Commonwealth Patents Act 1990 in
         relation to the Product and the right to register patents in relation
         to the Product throughout other countries of the World.

         "PCT" means the Patent Cooperation Treaty signed at Washington on 19th
         June 1970.

         "PRODUCT" means the invention entitled the JetWater System in relation
         to which the Patent Application has been made and which is more fully
         described in such application, together with the Improvements.

         "RESTRAINT AREAS" means each of: all the States or Territories of
         Australia, the Commonwealth of Australia, any country of the World in
         which the Product is patented or an application for a patent has been
         or is ever lodged or where any other form of intellectual property in
         relation to the Product is registered, or has been or is ever applied
         for, and any country in the World which recognises any right, title or
         interest in any intellectual property, whether arising in that country
         or any other country, relating to the Product.

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         "RESTRAINT PERIOD" means in relation to each Restraint Area, the period
         during which any Patent Rights or other Intellectual Property rights
         shall remain registered or recognised, as the case may be and shall not
         have expired within that Restraint Area.

         "SUCCESSFULLY COMPLETING THE TESTING PROGRAMME" means that the
         independent testing organization to be nominated by AquaDyne has
         confirmed that the Product meets all of the tests conducted in relation
         to the Testing Programme.

         "TESTING PROGRAMME" means a programme of tests to be conducted in
         Australia by a National Australia Testing Authority accredited
         laboratory recognized worldwide and approved by AquaDyne, to establish
         whether a working prototype of the Product meets the applicable
         Australian Standards Authority standards for potable water, or such
         other appropriate standards as AquaDyne shall reasonably require, such
         results to be reviewed and confirmed by the independent testing
         organization to be nominated by AquaDyne.

         "TRADE MARK RIGHTS" means those rights in the trade nominations
         developed or acquired by AquaDyne which might describe the Product or
         such other names in respect of the Product which are capable of
         protection under the Trade Mark Act 1955 (as amended) and the Trade
         Mark Regulations of the Commonwealth of Australia, the Business Names
         Act or the Corporations Law of the respective states of the
         Commonwealth and by similar laws in all other countries throughout the
         World.

         "WORLD" means, jointly and severally, all territories and countries of
         the World including the Commonwealth of Australia.

1.2      GENERAL   Unless the context otherwise requires, a reference to:
         1.2.1    a person includes a body corporate;
         1.2.2    the singular number includes the plural number and vice versa;
         1.2.3    one gender includes all other genders;
         1.2.4    a statute, regulation or section or provision of a statute or
                  regulation ("a Statutory Provision") includes:

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                  (a)      that Statutory Provision as amended or re-enacted
                           from time to time; and
                  (b)      a statute, regulation or provision enacted in
                           replacement of that Statutory Provision, or
                           incorporating any of its provisions.

1.3      All monetary amounts are in United States dollars, unless otherwise
         stated.

1.4      If a party consists of more than one person, this Agreement binds them
         jointly and each of them severally.

1.5      Headings are for convenience only and do not affect the interpretation,
         or form part of, this Agreement.

1.6      "Including" and similar expressions are not words of limitation.

1.7      Where an expression is of the form "a or b" it shall include "a or b
         and both a and b".

1.8      Where a word or expression is given a particular meaning, other parts
         of speech and grammatical forms of that word or expression have a
         corresponding meaning.

ARTICLE 2         AGREEMENT TO ASSIGN INTELLECTUAL PROPERTY TO AQUADYNE

2.1      Global hereby assigns and agrees to set over free of all encumbrances,
         liens and adverse interests whatsoever to AquaDyne absolutely to hold
         all the exclusive right, title and interest in and to the Intellectual
         Property and all rights of action, powers, immunities and benefits
         belonging or accrued in any way whatsoever thereto, the completion of
         which assignment will occur contemporaneously with the allotment of
         AquaDyne shares to Global or its nominee pursuant to Article 3.1.1
         hereof.

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ARTICLE 3         CONSIDERATION FOR ASSIGNMENT OF INTELLECTUAL PROPERTY AND
                  TESTING PROGRAMME

3.1      In consideration for the assignment of the Intellectual Property to
         AquaDyne, AquaDyne undertakes to allot a total of 6 million shares of
         its ordinary stock to Global (or its nominee if Global shall so
         request) such stock to be treated as fully paid up and to be allotted
         as follows:

         3.1.1    4 million shares shall be allotted within 14 days of the
                  execution of this Agreement; and

         3.1.2    One million shares shall be allotted within 14 days of a
                  working prototype of the Product Successfully Completing the
                  Testing Programme; and

         3.1.3    One million shares shall be allotted within 14 days of
                  AquaDyne receiving from Global a fully working prototype of
                  the Product which is ready for large scale production and
                  deployment in commercial applications.

         AND AquaDyne undertakes to convene a meeting of its Board of Directors
         within 7 days of the execution of this Agreement, at which meeting it
         will approve the allotments on those terms.

3.2      The Testing Programme shall commence as soon as reasonably possible
         following the execution of this Agreement. The tests to be carried out
         on the Product will be conducted in Australia by a National Australia
         Testing Authority accredited laboratory recognized worldwide and
         approved by AquaDyne and will determine whether a working prototype of
         the Product meets the applicable Australian Standards Authority
         standards for potable water, or such other appropriate standards as
         AquaDyne shall reasonably require, such results to be reviewed and
         confirmed by an independent testing organization to be nominated by
         AquaDyne. AquaDyne is to nominate the independent testing organisation
         before the commencement of the Testing Programme.

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ARTICLE 4         DATE, EXECUTION AND FORM OF ASSIGNMENT OF PATENT APPLICATION
                  AND OTHER INTELLECTUAL PROPERTY

4.1      On the date the shares referred to in Article 3.1.1 are transferred to
         Global (or, as the case may be, its nominee), or such that the other
         date thereafter that AquaDyne may request, Global shall at the cost of
         AquaDyne execute the form of assignment in relation to the Patent
         Application set out in Schedule 2 or such other form of assignment as
         may be submitted to it by AquaDyne, in order to register the Patent
         Application in AquaDyne's name (or its nominee's if AquaDyne shall so
         request), as sole owner, pursuant to the Patents Act 1990 and shall
         expeditiously execute such other forms of assignment and other
         documents in respect of the Patent Application or the other
         Intellectual Property, as applicable, as may be submitted to it by
         AquaDyne and shall perform such other acts as AquaDyne may reasonably
         require it to perform, from time to time, in order to register the
         Intellectual Property in the name of AquaDyne (or, as the case may be,
         its nominee) as sole owner pursuant to any other relevant statutory
         provision in any country in the World and all fees, costs and expenses
         incurred by Global in connection with all of the foregoing shall be
         borne and paid by AquaDyne.

ARTICLE 5         WARRANTIES BY GLOBAL

5.1      Global each warrants and guarantees:

         5.1.1    the validity of the Patent Application and other Intellectual
                  Property, including, without limiting the generality of the
                  foregoing, that:

                  5.1.1(a) the Patent Application was made in the prescribed
                           form and the prescribed manner, is presently
                           subsisting and has not lapsed;

                  5.1.1(b) the Product does not infringe any patent or similar
                           intellectual property right not held by Global and
                           assigned to AquaDyne hereunder;

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                  5.1.1(c) it is not aware of any fact by which the Patent
                           Application and any other Intellectual Property may
                           be declared invalid, or any claim by which the Patent
                           Application or any other Intellectual Property
                           application should be amended;

         5.1.2    that Global is solely, absolutely and beneficially entitled to
                  the full right, title and interest in the Product and the
                  Intellectual Property which currently exists Global or
                  AquaDyne may develop, and to all rights pertaining thereto
                  free of any form of encumbrance whatsoever;

         5.1.3    that the use by AquaDyne and any sub-licensee of AquaDyne of
                  the Intellectual Property will not, to the best of its
                  knowledge, infringe any patent, trade mark, registered design,
                  copyright or similar or other industrial commercial property
                  rights of any person, nor give rise to liability for AquaDyne
                  or any sub-licensee of AquaDyne to pay royalty or compensation
                  to any third party;

         5.1.4    that is entitled to all the benefits of the patent
                  applications that they have made and that the Product that is
                  the subject of such applications is not, to the best of its
                  knowledge, part of the state of the art;

         5.1.5    it has not granted any licenses or other user rights to any
                  person in relation to any right, title or interest in the
                  Intellectual Property or the Product;

         5.1.6    it has not entered into any agreement or arrangement which is
                  currently in effect involving the sale, mortgage, pledge,
                  granting of options or other rights over its right, title and
                  interest in the Intellectual Property;

         5.1.7    Global has full power and authority to make the Assignment;

         5.1.8    it has not knowingly done or omitted to do, or permitted any
                  other to do or omit to do, any act or thing whatsoever whereby
                  the Intellectual Property may be invalidated, or whereby the
                  title thereto may be encumbered or otherwise prejudicially
                  affected, or whereby a patent or other Intellectual Property
                  right may not be granted, or by which the due performance of
                  this Agreement shall be hindered or prevented in any way
                  whatsoever;

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         5.1.9    it has not disclosed and will not disclose any of the
                  Confidential Information to any person;

         5.1.10   there is no claim or suit or litigation pending concerning or
                  purporting to affect adversely the Intellectual Property;

         5.1.11   each and every concept which is essential to the operation of
                  the Product has been included in the Intellectual Property
                  assigned hereunder;

         5.1.12   it is not aware of any contrary patent application for the
                  Product anywhere in the World; and

         5.1.13   neither the execution of this Agreement nor the performance of
                  its obligations hereunder will cause it to be in breach of any
                  arrangement, obligation, or agreement to which it is party or
                  otherwise subject.

5.2      Global warrants and guarantees that its has entered into this Agreement
         in good faith and will at all times act in good faith in the best
         interests of AquaDyne in relation to the Intellectual Property.

ARTICLE 6         COVENANTS BY GLOBAL

6.1      Global hereby undertakes to AquaDyne, at the cost and expense of
         AquaDyne:

         6.1.1    at any time hereafter, to sign any document and perform any
                  act whatever that AquaDyne may request in connection with the
                  registration of the Patent Application, or any other
                  Intellectual Property right, and without limiting the
                  generality of the foregoing shall include the first
                  registration, maintenance, renewal or replacement thereof;

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         6.1.2    that it will use its best endeavours to more completely assure
                  and confirm the Assignment;

         6.1.3    that it shall permit AquaDyne to amend any present or
                  subsequent application in respect of the Patent Application or
                  other Intellectual Property right, without any consent of or
                  reference to Paxton, JetWater or Global, where such amendment
                  is necessary or appropriate in the opinion of AquaDyne in
                  order to obtain a grant of Intellectual Property from relevant
                  statutory authority in any country in the World;

         6.1.4    that in the event Global is either unwilling or unable to
                  comply with Article 6.1.1, 6.1.2 or 6.1.3 within 14 days of
                  receipt of a written request by AquaDyne to do so, Global
                  hereby irrevocably appoints any director of AquaDyne, the
                  secretary of AquaDyne, or such other officer or employee of
                  AquaDyne as AquaDyne shall nominate, its attorney in any part
                  of the World in respect of the activities envisaged by Article
                  6, for the purpose of AquaDyne having the full use, benefit
                  and protection of the Patent Application and other
                  Intellectual Property and Global hereby agrees to ratify and
                  confirm all and whatsoever the attorney or his substitute
                  shall lawfully do or cause to be done by virtue of the power
                  of attorney contained in this Article 6.1.4 and authorises the
                  attorney to register the power of attorney at any place.

         6.1.5    that it will allow AquaDyne at all times hereafter to enjoy
                  the sole and absolute use and benefit of the Intellectual
                  Property wherever granted throughout the World without
                  interruption, disturbance or interference from or by any
                  person claiming through, under, in right of, or in trust for
                  text;

         6.1.6    refrain without written consent of AquaDyne from disclosing to
                  any person the nature of the Product; and

         6.1.7    where it becomes aware of an exploitation of the Intellectual
                  Property by any other person in contravention of this
                  Agreement or AquaDyne's right, title or interest in the
                  Intellectual Property, notify AquaDyne forthwith and
                  thereafter to co-operate in every way whatsoever with AquaDyne
                  in the event that AquaDyne commences and action against any
                  such person, as AquaDyne may deem expedient

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ARTICLE 7         FURTHER DEVELOPMENTS OF THE PRODUCT

7.1      In the event that Global shall develop, make or acquire any
         Improvements anywhere in the World, it hereby expressly undertakes to
         notify AquaDyne forthwith and describe the nature of the same and to do
         all things as may be necessary or appropriate in the opinion of
         AquaDyne to vest absolutely in, or transfer to AquaDyne (or its
         nominee), any Future Rights available in respect of the Improvements
         and all objects comprising, describing or in any way referring to the
         Improvements shall forthwith be delivered to AquaDyne

7.2      Global hereby expressly agrees to treat all Improvements as
         confidential and secret, whether or not the Improvement is capable of
         protection by Future Rights, and hereby expressly undertakes to refrain
         from:

         7.2.1    disclosing to any person the nature of all Improvements, or
                  any documents or other information acquired by AquaDyne or
                  them in the course of creating the Improvements; and

         7.2.2    using any document or such information for any purpose other
                  than the ongoing commercialisation and exploitation of the
                  Intellectual Property by AquaDyne.

ARTICLE 8         RESTRAINT

8.1      Global shall not, without having first obtained the written consent of
         AquaDyne:

         8.1.1    during the Restraint Period within any of the Restraint Areas
                  conduct or carry on, on its own account, in partnership, joint
                  venture or otherwise be concerned or interested directly or
                  indirectly, whether as trustee, principal, agent, employee,
                  shareholder, unit holder, independent contractor, consultant,
                  adviser, or in any other capacity whatsoever, in any business
                  or activity of a nature directly competitive with the
                  Intellectual Property, or in any way canvas or solicit orders
                  in competition with the Intellectual Property; and

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         8.1.2    after the conclusion of the Restraint Period, use to its own
                  advantage or to the detriment of AquaDyne, or except on
                  compulsion of law disclose to any person, or cause to be so
                  used or disclosed, any information which has come to its
                  knowledge or which it has otherwise acquired during its
                  association with AquaDyne or the Product.

8.2      Global hereby expressly accepts and acknowledges the restraints set out
         in this Article 8 and expressly agrees that they are entirely
         reasonable and acceptable in the circumstances of this Agreement.

ARTICLE 9         INDEMNITY

9.1      Global will indemnify and at all times hold AquaDyne fully and
         effectively indemnified against any losses, costs, actions, claims,
         demands, expenses, judgments, court orders or other liabilities arising
         directly or indirectly out of or in connection with any breach by it of
         any of the representations, warranties, or covenants contained in this
         Agreement.

10       WARRANTIES, COVENANTS AND UNDERTAKINGS NOT TO MERGE OR BE EXTINGUISHED

10.1     The warranties and covenants by Global contained in this Agreement
         shall not merge or be extinguished, but shall be and remain in full
         force and effect until satisfied as discharged in accordance with the
         terms of this Agreement. Each obligation, warranty, covenant or
         undertaking which is capable of having future operation continues in
         force although this Agreement has otherwise been fully performed or
         terminated.

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ARTICLE 11        AQUADYNE TO BEST EXPLOIT AND PROTECT THE INTELLECTUAL PROPERTY

11.1     In consideration of the assignment of the Intellectual Property to
         AquaDyne, AquaDyne hereby agrees to:

         11.1.1   use its best efforts to exploit the Intellectual Property to
                  the best commercial advantage and will use its best efforts to
                  carry out such research and development as shall be necessary
                  to diligently advance and improve the Product in order to be
                  able to most successfully commercialise and exploit the
                  Product throughout the World;

         11.1.2   pay all fees and perform all other acts as shall be necessary
                  to obtain the patent applied for under the Patent Application
                  and to obtain further patents and other Intellectual Property
                  rights in such other countries in the World as shall be
                  necessary or desirable to protect its ownership and beneficial
                  enjoyment and commercial exploitation of the Product, together
                  with all renewal fees necessary to keep the Patents and other
                  Intellectual Property rights in force, each such payment to be
                  effected not later than seven days before the last due date
                  thereof;

         11.1.3   use its best efforts to procure the grant of all Patents and
                  other Intellectual Property rights for which application is
                  made;

         11.1.4   assert from time to time whatever claims and rights which it
                  may have as holder of the Patents or other Intellectual
                  Property rights, arising from actual or apparent use,
                  disclosure or other infringement of the Patents, or other
                  Intellectual Property and it is a fundamental condition of
                  this Deed that AquaDyne shall promptly assert and enforce all
                  such claims and rights and institute and prosecute an action
                  against any such infringement which comes to its notice.

ARTICLE 12        STAMP DUTY AND CHARGES

12.1     All stamp duty and other government charges (if any) payable in respect
         of this Agreement shall be paid by AquaDyne.

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ARTICLE 13        NOTICES

13.1     All notices hereunder shall be in writing and shall be given by any one
         of the following means:

         13.1.1   by delivering it to the address of the party on a business day
                  during normal business hours; or

         13.1.2   by sending it to the address of the party by registered post.

13.2     The address and facsimile numbers referred to in this Article 13 shall
         in the absence of notice to the contrary, be as set out below:

         GLOBAL:

         Address:          Suite 665
                           4535 West Sahara Avenue
                           Las Vegas, Nevada
                           USA

         Phone:            +1-702-732-9262

         Facsimile:        +1-702-732-4415

         AQUADYNE:

         Address:          Suite 606
                           1220 N. Market St.
                           Wilmington, Delaware 19801

         Phone:            +1-949-5970268

         Facsimile:        +1-949-5970269

ARTICLE 14        WAIVER

14.1     A party's failure or delay to exercise a power or right does not
         operate as a waiver of that power or right.

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14.2     The exercise of a power or right does not preclude either its exercise
         in the future or the exercise of any other power or right.

14.3     A waiver is not effective unless it is in writing.

14.4     A waiver of a power or right is effective only in respect of the
         specific instance to which it relates and for the specific purpose for
         which it is given.

ARTICLE 15        SEVERABILITY

15.1     If any provision of this deed is held to be invalid in any way or
         unenforceable, it shall be severed and the remaining provisions shall
         not in any way be affected or impaired and this Agreement shall be
         construed so as to most nearly give effect to the intent of the parties
         as it was originally executed.

ARTICLE 16        APPLICABLE LAW AND JURISDICTION

16.1     This Agreement shall be governed by and construed in accordance with
         the laws of the State of Delaware and the United States of America.

16.2     Each party irrevocably and unconditionally submits to the non-exclusive
         jurisdiction of the courts of the State of Delaware and waives any
         immunity or any objection it may have to any action in those courts and
         to a claim that any action in those courts and to a claim that any
         action has been brought in an inconvenient forum or to those courts not
         having jurisdiction.

ARTICLE 17        ENTIRE AGREEMENT

17.1     This Agreement contains the entire agreement of the parties and
         supersedes any prior written or oral agreements between them concerning
         the subject matter contained herein. There have been and are no
         representations, agreements, arrangements, or understandings, oral or
         verbal, between and among the parties hereto, relating to the subject
         matter contained in this Agreement, which are not fully expressed
         herein.

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THIS AGREEMENT WAS EXECUTED on the date first hereinbefore written:

THE COMMON SEAL OF
GLOBAL POWER & WATER INC
was hereunto affixed in accordance
with its By-laws in the presence of:

------------------------------
Director

THE COMMON SEAL OF
AQUADYNE INC
was hereunto affixed in accordance
with its By-laws in the presence of:

--------------------------
Director

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SCHEDULE 1

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SCHEDULE 2

THIS ASSIGNMENT is made the            day of               2000

BETWEEN: GLOBAL POWER & WATER INC, a company organised and existing under the
         laws of the United States of America ("Global") of the first part;

AND:     AQUADYNE INC, a company organised and existing under the laws of the
         United States of America ("AquaDyne") of the second part

WITNESSETH that pursuant to an agreement between the parties hereto dated the
day of 2000, Global as beneficial owner hereby completes the assignment to
AquaDyne of International Patent Application No. PQ5402 filed under the Patent
Cooperation Treaty signed at Washington on 19 June 1970 and given an
international filing date of 2 February 2000 in respect of the Invention known
as the JetWaterWater System, together with Global's full rights and interest
therein and all rights of action, powers and benefits accruing or belonging to
Global.

EXECUTED AS A DEED THIS         DAY OF              2000

THE COMMON SEAL OF                          THE COMMON SEAL OF
GLOBAL POWER &WATER INC                     AQUADYNE INC
was hereunto affixed in accordance          was hereunto affixed in accordance
with its By-laws in the presence of:        with its By-laws in the presence of:

----------------------------------          ----------------------------------
Director                                    Director

                                       18<PAGE>
EXHIBIT 10.2

AGREEMENT FOR PERFORMANCE OF SERVICES BY INDEPENDENT CONTRACTOR

THIS AGREEMENT is made the                   day of June 2000

BETWEEN:          AQUADYNE INC, a company organised and existing under the laws
                  of the United States of America, ("AquaDyne")

AND:              GLOBAL POWER & WATER INC, a company organised and existing
                  under the laws of the United States of America ("Global")

WHEREAS:

A.       AquaDyne is the owner of an invention called "the JetWater System".

B.       Global has special and unique expertise in relation to the JetWater
         System, including: (a) research, development and commercialisation; and
         (b) training and technical assistance and support in regard to
         individual commercial applications.

C.       AquaDyne wishes to engage Global as an independent contractor to
         perform services comprising its areas of its special and unique
         expertise in relation to the JetWater System.

D.       This Agreement sets out the terms of the engagement of Global, by
         AquaDyne, as an independent contractor, to perform services in relation
         to the JetWater System.

NOW THE PARTIES AGREE as follows:

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A.       INTERPRETATION

ARTICLE 1         DEFINITIONS AND INTERPRETATIONS OF WORDS

1.1      Unless the context otherwise requires, the following expressions shall
         have the meanings now ascribed to them:

         "AGREEMENT" means this agreement for the performance of services under
         which Global is engaged by AquaDyne as an independent contractor in
         relation to the JetWater System and any amendments hereto and any other
         instrument expressed to be supplemental to this agreement and all
         amendments thereto.

         "CHANGE IN CONTROL" means in relation to the Contractor, that there is
         such a change in the shareholders of the Contractor, or such a change
         in the composition of the Board of Directors of the Contractor which,
         in the opinion reasonably held of AquaDyne, has the effect of taking
         control of the Contractor away from its existing Board of Directors or
         puts the Contractor under the control, direct or indirect, of persons
         or companies different from those in control at the latter of the date
         hereof and the date on which AquaDyne last consented in writing to
         particular changes in the shareholders or Board of Directors of the
         Contractor.

         "CONFIDENTIAL INFORMATION" means any and all confidential information
         (including trade secrets) relating to the JetWater System and shall
         include all client lists, formulae, notes, correspondence, drawings and
         other written material or software associated with the JetWater System
         and shall also include all that information, advice and know-how of a
         proprietary nature owned by AquaDyne in relation to the JetWater System
         or comprised in or represented by the Intellectual Property to the
         extent that the same has not already been publicly disclosed by
         AquaDyne.

         "COPYRIGHT" means all those rights of copyright in respect of the
         JetWater System or the Intellectual Property, throughout the World, now
         existing, granted or recognised.

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         "DESIGN RIGHTS" means all those rights of registered design granted, in
         respect of the JetWater System or the Intellectual Property, throughout
         the World, now existing, granted or recognised.

         "FUTURE RIGHTS" means, jointly and severally, all those rights
         (statutory and otherwise) comprised in the definition of Copyright,
         Design Rights, Patent Rights or Trade Mark Rights, throughout the
         World, which may in the future be granted, recognised, created or
         acquired.

         "IMPROVEMENTS" means any method or approach which can be adapted to the
         JetWater System which would make it cheaper, more effective, in any way
         easier to use, or more useful or valuable, or in any way preferable as
         a commercial article, system or process, in any part of the World and
         which has been or is ever developed or acquired.

         "INTELLECTUAL PROPERTY" means, jointly and severally, the Copyright,
         Future Rights, the Patent Rights, the Design Rights and the Trade Mark
         Rights and any other rights that may at any time exist in relation to
         the JetWater System or the Intellectual Property.

         "JETWATER SYSTEM" means a distillation method water purification
         system, that utilizes an afterburner to heat water containing effluent
         from commercial and other applications to temperatures greatly
         exceeding those achieved by existing water distillation systems,
         reduces solids down to submicron size, extracts them and discharges
         clear and sterile water, and in relation to which the Patent
         Application has been made and which is more fully described in such
         application, together with the Improvements.

         "NOMINATED PERSON" means the person to be nominated by the Contractor,
         from time to time, and approved by AquaDyne, who is to be primarily
         responsible for providing the Services.

         "PARTIES" means the parties to this Agreement, being Global and
         AquaDyne.

                                       3

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         "PATENT APPLICATION" means International Patent Application No. PQ5402,
         filed under the PCT and given an international filing date of 2
         February 2000.

         "PATENT RIGHTS" means, jointly and severally, all patents and
         applications relating to the JetWater System, including the Patent
         Application, filed in any country in the world, and all divisions,
         continuation, continuation in part, supplemental disclosure and
         reissues thereof, and without limiting the generality of the foregoing,
         those patent rights pursuant to the Commonwealth Patents Act 1990 in
         relation to the JetWater System and the right to register patents in
         relation to the JetWater System throughout other countries of the
         World.

         "PCT" means the Patent Cooperation Treaty signed at Washington on 19
         June 1970.

         "RESTRAINT AREAS" means each country of the World in which the JetWater
         System is patented or an application for a patent has been or is ever
         lodged, or such application or patent is recognised, and each country
         of the World in which any other form of Intellectual Property in
         relation to the JetWater System is registered or has been applied for
         or granted, or is recognised.

         "RESTRAINT PERIOD" means in relation to each Restraint Area, the period
         during which any Patent Rights or other Intellectual Property Rights
         shall remain registered or recognised, as the case may be and shall not
         have expired within that Restraint Area.

         "SERVICES" means the services to be provided by the Contractor in
         relation to the JetWater System, which are set out in Article 2.

         "TRADE MARK RIGHTS" means those rights in the trade nominations
         developed or acquired by AquaDyne, which might describe the JetWater
         System or such other names in respect of the JetWater System, which are
         capable of protection under any law in any country throughout the
         World.

         "WORLD" means, jointly and severally, all territories and countries of
         the World.

                                       4

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1.2      GENERAL Unless the context otherwise requires, a reference to:

         1.2.1    a person includes a body corporate;
         1.2.2    the singular number includes the plural number and vice versa;
         1.2.3    one gender includes all other genders;
         1.2.4    a statute, regulation, section, or provision of a statute or
                  regulation ("a Statutory Provision") includes:
                  (a)      that Statutory Provision as amended or re-enacted
                           from time to time; and
                  (b)      a statute, regulation or provision enacted in
                           replacement of that Statutory Provision, or
                           incorporating any of its provisions.

1.3      All monetary amounts are in United States dollars, unless otherwise
         stated.

1.4      If a party consists of more than one person, this Agreement binds them
         jointly and each of them severally.

1.5      Headings are for convenience only and do not affect the interpretation,
         or form part of, this Agreement.

1.6      "Any" shall include one, more than one, and all occurrences of the
         matters or things referred to.

1.7      "Including" and similar expressions are not words of limitation.

1.8      Where an expression is of the form "a or b" it shall include "a or b
         and both a and b".

1.9      Where a word or expression is given a particular meaning, other parts
         of speech and grammatical forms of that word or expression have a
         corresponding meaning.

                                       5

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B.  OBLIGATIONS OF CONTRACTOR

ARTICLE 2         SERVICES TO BE PERFORMED BY CONTRACTOR

The Contractor will perform engineering and technical support services in
relation to the JetWater system, for and on behalf of AquaDyne, including:

         (a)      research and development of the JetWater System, including
                  design and construction thereof (and the Contractor undertakes
                  to use its best efforts, diligently applied, to advance and
                  improve the JetWater System).

         (b)      technical assistance, training and support in regard to
                  JetWater Systems deployed and operating in commercial
                  applications, including giving advice on the technical
                  characteristics of the JetWater System and preparing and
                  providing operating manuals and other technical literature for
                  the JetWater System; and

         (c)      doing and performing those services, acts or things which in
                  the reasonable opinion of AquaDyne are necessary, desirable or
                  advisable in relation to the JetWater System and fall within
                  the Contractor's areas of expertise.

ARTICLE 3         EMPLOYMENT OF SUBCONTRACTORS, EMPLOYEES AND AGENTS

The Contractor may employee or retain such subcontractors, employees, agents or
assistants as shall be necessary or desirable for the performance of the
Services, provided that each such appointment shall be first approved by the
Board of Directors of AquaDyne and provided further that each such person, which
includes the Nominated Person, shall, prior to commencing work for the
Contractor in relation to the Services, execute an agreement with AquaDyne under
which they shall be bound by the provisions contained in Articles 9,11,12 and 13
any other provisions of this Agreement as AquaDyne shall in its reasonable
opinion deem necessary in order to protect its title and interests in the
Confidential Information, the Intellectual Property, the JetWater System or its
business.

                                       6

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ARTICLE 4         METHOD OF PERFORMING THE SERVICES

Except as expressly provided to the contrary in this Agreement, the Contractor
shall determine the method, details and means of performing the Services.

ARTICLE 5         AMOUNT OF TIME CONTRACTOR TO SPEND PERFORMING THE SERVICES

The Contractor shall devote a sufficient number of hours in each week as shall
be necessary to perform the Services at a high standard.

ARTICLE 6         HOURS AND LOCATION WHERE SERVICES TO BE PERFORMED

6.1      The Contractor shall perform the Services during regular business hours
         and on the Contractor's own premises (provided that such facility is
         first approved by the Board of Directors of AquaDyne, in view of the
         confidential nature of its business), at locations where JetWater
         Systems are deployed and at such other locations as AquaDyne may
         reasonably require taking into account the nature of the Services to be
         performed by the Contractor and the location of the JetWater Systems.
         It is expressly agreed by the Contractor that as directed by AquaDyne,
         it shall perform the Services at all locations, wherever they may be in
         the World, where AquaDyne has customers or other involvement in
         relation to the JetWater System.

6.2      All reasonable expenses incurred by the Contractor in travelling to or
         remaining at locations other than its own premises in order to perform
         the Services shall be reimbursed to it by AquaDyne.

ARTICLE 7         TOOLS AND EQUIPMENT

The Contractor will at its own cost provide its own business premises,
personnel, tools and other equipment and instrumentalities required to perform
its Services.

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ARTICLE 8         REPORTS AND SUPPLY OF INFORMATION AND DOCUMENTS

8.1      The Contractor shall in good faith, promptly and regularly, and
         forthwith after receiving any request for the same from AquaDyne,
         provide to AquaDyne:

         (a)      reports on the nature and extent of the Services rendered
                  covering the period of time between that report and the
                  previous report;

         (b)      full details of all Improvements to the JetWater System,
                  including designs and drawings, project models, development
                  drawings, prototypes, production drawings and other
                  developments, trade secrets and matters relating to the
                  JetWater system, which the Contractor or its subcontractors,
                  employees, agents or assistants have developed, acquired or
                  become aware since the previous occasion on which it provided
                  such information to AquaDyne.

ARTICLE 9         FURTHER DEVELOPMENTS OF THE JETWATER SYSTEM

9.1      The ownership of and sole right to any Improvements developed or
         acquired by Global anywhere in the World, shall be vested in AquaDyne
         and Global hereby expressly undertakes to notify AquaDyne that it has
         developed or acquired such Improvements forthwith upon doing so and
         shall describe the nature of the same and do all things as may be
         necessary or appropriate in the opinion of AquaDyne to vest absolutely
         in, or transfer to AquaDyne, or its nominee, any Future Rights
         available in respect of the Improvements and all objects comprising,
         describing, or in any way referring to the Improvements shall forthwith
         be delivered to AquaDyne after being acquired or developed by Global.

9.2      Global hereby expressly agrees to treat all Improvements as
         confidential and secret, whether or not the Improvement is capable of
         protection by Future Rights, and hereby expressly undertakes to refrain
         from:

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<PAGE>

         (a)      disclosing to any person the nature of any Improvements or any
                  documents or other information acquired in the course of
                  creating the Improvements; and

         (b)      using any object, document or other information for any
                  purpose other than the ongoing commercialisation and
                  exploitation of the Intellectual Property by or on behalf of
                  AquaDyne.

ARTICLE 10        CONTRACTOR RESPONSIBLE FOR ITS TAXATION OBLIGATIONS

It is agreed and understood by the parties that AquaDyne has engaged the
Contractor to perform the Services under this Agreement as an independent
contractor and that it is the Contractor's sole responsibility and obligation to
pay to the Federal, State and local governments, any and all taxes that may
become due as a result of the compensation paid to the Contractor under this
Agreement. In this regard the Contractor acknowledges that it may have an
obligation to make estimated tax payments. AquaDyne shall issue and file with
the appropriate government authorities, a form 1099 reflecting the compensation
paid to the Contractor.

ARTICLE 11        CONFIDENTIAL INFORMATION AND PROTECTION OF AQUADYNE'S BUSINESS

11.1     The Contractor acknowledges that during the term of this Agreement and
         in the course of discharging its duties hereunder, the Contractor shall
         have access to and become acquainted with information concerning the
         business operations of AquaDyne and in particular its Confidential
         Information, and that this information is confidential and comprises
         trade secrets.

11.2     The Contractor agrees and undertakes that it and its subcontractors,
         employees, agents or assistants shall not misuse, misappropriate, or
         disclose any Confidential Information, directly or indirectly, to any
         other person, or use any Confidential Information in anyway either
         during the term of this Agreement or at any time thereafter, except as
         is required in the course of the performance of the Services.

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<PAGE>

11.3     The Contractor acknowledges and agrees that the sale or unauthorised
         use or disclosure of any of the Confidential Information obtained by
         the Contractor during the course of this Agreement, including
         information concerning AquaDyne's current or any future or proposed
         work services, JetWater System improvement or development, and the fact
         that any such work services or JetWater System improvement or
         development are planned, under consideration or have been incorporated
         in the JetWater System, as well as any descriptions thereof, constitute
         a misuse of AquaDyne's Confidential Information and wrongful and unfair
         competition. The Contractor promises and agrees not to engage in, cause
         or permit any unfair competition with AquaDyne, during the term of this
         Agreement or at any time thereafter.

11.4     The Contractor shall not cause or permit anything which may damage or
         endanger the Intellectual Property, or AquaDyne's title or interest in
         the Intellectual Property, or assist or allow others to do so.

11.5     The Contractor agrees that all Confidential Information and all
         equipment and any other tangible or intangible property relating to the
         business of AquaDyne, or its Intellectual Property, and whether or not
         prepared, created or provided by the Contractor or any other person,
         are and shall remain the exclusive property of AquaDyne and shall only
         be removed from the premises of AquaDyne with its prior consent.

ARTICLE 12        NO COMPETITIVE ACTIVITIES

12.1     Global shall not, without having first obtained the consent of
         AquaDyne, which AquaDyne shall be entitled to grant or refuse as it
         sees fit:

         (a)      during the Restraint Period within any of the Restraint Areas
                  conduct or carry on, on its own account, in partnership, joint
                  venture or otherwise be concerned or interested, directly or
                  indirectly, and whether as trustee, principal, agent,
                  employee, shareholder, unit holder, independent contractor,
                  consultant, adviser, or in any other capacity whatsoever, in
                  any business or activity of a nature that is in competition
                  with the business of AquaDyne or its Intellectual Property, or
                  in any way canvas or solicit orders in competition with the
                  business of AquaDyne or its Intellectual Property; and

                                       10

<PAGE>

         (b)      after the conclusion of the Restraint Period, use to their own
                  advantage, or to the detriment of AquaDyne, or except on
                  compulsion of law disclose to any person, or cause or permit
                  to be so used or disclosed, any information which has come to
                  their knowledge or which they have otherwise acquired during
                  their association with AquaDyne or the JetWater System.

12.2     Global hereby expressly accepts the restraints set out in this Article
         12 and expressly agrees that these restraints are entirely reasonable
         and acceptable in the circumstances of this Agreement.

ARTICLE 13        INDEMNIFICATION FOR NEGLIGENCE OR MISCONDUCT

Global will and at all times hold AquaDyne and its employees, representatives,
officers, directors and assigns, harmless from and indemnified against any loss,
costs, damage, injury to persons or property, actions, claims, demands,
expenses, judgments, court orders or other liabilities arising directly or
indirectly out of or in connection with the misconduct, negligence or
recklessness, or intentional acts or omissions of the Contractor or the
Contractor's employees, subcontractors, representatives, agents or assistants,
or related in any manner to the performance or failure to perform the Services
by the Contractor or its employees, subcontractors, representatives, agents or
assistants.

ARTICLE 14        WORKERS COMPENSATION INSURANCE AND INDEMNIFICATION

The Contractor agrees to provide worker's compensation insurance for its
employees and agents and agrees to hold harmless from and indemnify AquaDyne for
any loss, damage, liability or claim (whether civil or criminal) including legal
fees and costs incurred, arising out of the injury, disability, or death of any
of the Contractor's employees or agents.

                                       11

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ARTICLE 15        FURTHER UNDERTAKINGS AND REPRESENTATIONS BY CONTRACTOR

15.1     The Contractor has not knowingly done or omitted to do, or permitted
         any other to do or omit to do, any act or thing whatsoever by which the
         due performance of this Agreement shall be hindered or prevented in any
         way whatsoever.

15.2     Neither the execution of this Agreement nor the performance of its
         obligations hereunder will cause the Contractor to be in breach of any
         agreement to which it is party or otherwise subject

C.  OBLIGATIONS OF AQUADYNE

ARTICLE 16        COMPENSATION

16.1     As compensation for the Services to be performed hereunder, AquaDyne
         shall pay the Contractor a fee which shall initially be calculated on
         an annual rate per annum of USD 80,000.00 ("the annual compensation
         rate") payable in equal monthly instalments in arrears, on the first
         day of each month, during the term of this Agreement.

16.2     The annual compensation rate shall be increased by USD20,000.00 as soon
         as the Contractor has produced a working prototype of the JetWater
         System that has satisfied the tests required pursuant to the
         contemporaneous contract entered into between the parties under which
         all the intellectual property relating to the JetWater System was
         assigned to AquaDyne by the Contractor and the production of working
         models of the JetWater System to be deployed in commercial applications
         has commenced.

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16.3     The annual compensation rate shall be further increased by a further
         USD20,000.00 as soon as AquaDyne has achieved its first commercial
         contract for the supply of the JetWaterSystem.

16.4     In addition to the increases in the annual compensation rate set out in
         Articles 16.1-16.3, the annual compensation rate shall be increased on
         each anniversary of this Agreement by a further amount to reflect the
         prevailing rate of inflation in the United States of America during the
         previous year of the Agreement, but shall not be reduced in the case
         that there has been deflation.

16.5     In addition to the increases in the annual compensation rate set out in
         Articles 16.1-16.4 the annual compensation rate will be reviewable
         annually on each anniversary of the execution of this Agreement, but
         may only be increased or maintained at the prevailing rate.

16.6     Notwithstanding Articles 16.1-16.5, in the event that AquaDyne at any
         time requires an expansion of the Services to be provided by the
         Contractor, whether as to the nature of the Services or the amount of
         time to be spent in their performance, then the parties will forthwith
         negotiate an increase in the annual rate to reflect the increased
         Services being provided.

16.7     AquaDyne shall pay to the Contractor all anticipated out of pocket
         expenses. Out of pocket expenses which the Contractor shall be entitled
         to be paid in advance shall be those expenses specified under the
         heading "Office Expenses" in the cash flow projections prepared
         quarterly by Global and agreed to by AquaDyne.

16.8     The Contractor shall provide AquaDyne with a monthly invoice in respect
         of the Monthly Fee and any out of pocket expenses.

16.9     AquaDyne agrees to comply with all requests of the Contractor that are
         reasonably necessary for the performance of the Services, or fair and
         equitable in the context of this Agreement and the Services to be
         performed hereunder.

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D.  GENERAL PROVISIONS

ARTICLE 17        UNIQUENESS OF CONTRACTOR'S SERVICES

The Contractor hereby represents and agrees that the Services to be performed
under this Agreement are of a special, and unique, unusual, extraordinary or
intellectual character that gives them a particular value to AquaDyne, the loss
of which cannot be reasonably or adequately compensated in damages in an action
at law. The Contractor agrees that AquaDyne may possess and shall be entitled to
injunctive and other equitable relief, in addition to remedy at law for damages,
to prevent or remedy any breach of this Agreement by the Contractor.

ARTICLE 18        NO ASSIGNMENT BY CONTRACTOR

Neither this Agreement, nor any obligations under this Agreement may be assigned
by the Contractor, except as permitted hereunder or consented to in advance by
AquaDyne, as it is understood and agreed that the Contractor is uniquely
qualified to perform the Services.

ARTICLE 19        NATURE OF THIS AGREEMENT AND STATUS OF THE CONTRACTOR

The Contractor is and shall be an independent contractor and not the servant of
AquaDyne under this Agreement. This Agreement does not constitute a partnership,
joint venture or any other similar type of relationship. The Contractor has no
authority to enter into or make him commitments, agreements, contracts or create
obligations of any sort on behalf of AquaDyne.

ARTICLE 20        MUTUAL COOPERATION AND GOOD FAITH OF THE PARTIES

In entering into this Agreement, the parties recognise that it is impracticable
to make provision for every contingency which may arise in the course of its
performance. Accordingly the parties declare that they enter into this Agreement
in a spirit of mutual cooperation, good faith and fairness and that it is their
intention that this Agreement shall operate between them with fairness and
without detriment to the interests of either of them and if in the course of the
performance of this Agreement unfairness to any party is disclosed or
anticipated, then the parties shall use their best endeavours to agree upon such
equitable action as may remove the cause or causes of the same.

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ARTICLE 21        COMMENCEMENT AND TERMINATION OF THIS AGREEMENT

21.1     This Agreement shall commence on the date of execution by both parties
         and will continue for a period of five years, after which time the
         parties may agree upon a further term for the continuance of this
         Agreement, unless terminated pursuant to the termination provisions of
         Article 21.2.

21.2     This Agreement may be terminated forthwith by a party ("the first
         party") should any of the following events involving the other party
         ("the other party") occur:

         (a)      an order is made, or a resolution passed, for the winding up
                  or dissolution without winding up of the other party, unless
                  the winding up is for the purpose of reconstruction or
                  amalgamation and the scheme for reconstruction or amalgamation
                  receives the prior written consent of the first party;

         (b)      the other party enters into an arrangement, reconstruction or
                  composition with its creditors or any of them, without the
                  prior written consent of the first party;

         (c)      the other party suspends payment of its debts or becomes
                  insolvent within the meaning of any relevant legislation or
                  law;

         (d)      a receiver is appointed to the other party;

         (e)      pursuant to the provisions of any relevant legislation the
                  other party is placed under official management or an
                  inspector is appointed to investigate its affairs;

         (f)      the other party has made persist and substantial default in
                  the performance of any of its obligations under this
                  Agreement, provided that where such default is capable of
                  remedy such default is not remedied within 30 days;

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<PAGE>

         (g)      the other party, being the Contractor, shall have done or
                  permitted any act by which AquaDyne's rights in the
                  Intellectual Property or its business may be prejudiced or put
                  in jeopardy;

         (h)      the other party, being the Contractor, shall have failed for a
                  period of 30 days to provide a Nominated Person, approved by
                  AquaDyne, provided that such approval was not unreasonably
                  withheld;

         (i)      there is a Change in Control of the other party, being the
                  Contractor, without the prior consent of AquaDyne;

         (j)      the other party, being AquaDyne, shall have failed to make
                  payment of any sum due to Global under the terms of this
                  Agreement within 10 days of the due date on at least three
                  occasions.

ARTICLE 22        EFFECTS OF TERMINATION

22.1     Upon the termination of this Agreement for any reason whatsoever:

         (a)      the Contractor shall forthwith deliver up to AquaDyne all
                  property belonging to AquaDyne, including all Confidential
                  Information and other property whatsoever comprising or
                  relating to the Intellectual Property, the JetWater System or
                  AquaDyne's business, which is in its possession, or under its
                  control, or in the possession or under the control of its
                  servants, subcontractors, agents, assistants or any other
                  persons that it has similar authority over; and

         (b)      AquaDyne shall pay to the Contractor all sums due and owing to
                  it by way of compensation and out of pocket expenses as at the
                  date this Agreement is terminated.

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22.2     The termination of this Agreement shall not affect any rights or
         remedies which may have accrued to either party in respect of any
         breach prior to the date of such termination and each party shall be
         and remain liable to perform all outstanding obligations under this
         Agreement notwithstanding that the other party may have exercised one
         or more of the rights and remedies against it.

22.3     Any right or remedy to which either party is or may become entitled
         under this Agreement, or in consequence of the other party's conduct,
         may be enforced from time to time separately or concurrently with any
         right or remedy given by this Agreement, or now or afterwards provided
         for and arising by operation of law, so that such rights and remedies
         are not exclusive of the other or others but are cumulative.

22.4     Articles 9,10, 11, 12 and 13 of this Agreement shall continue in force
         notwithstanding the termination of this Agreement.

ARTICLE 23        FORCE MAJEURE

The parties shall be released from their respective obligations under this
Agreement in the event of national emergency, war, prohibitive government
regulation, or if any other cause beyond the reasonable control of the parties,
or either of them, renders the performance of this Agreement impossible, this
Agreement will be treated as terminated and the provisions in Article 22 shall
apply.

ARTICLE 24        STAMP DUTY, CHARGES AND LEGAL COSTS

24.1     All stamp duty and other government charges (if any) payable in respect
         of this Agreement shall be paid by AquaDyne.

24.2     The parties shall be liable for and shall pay their own legal costs and
         disbursements of and arising from this Agreement.

ARTICLE 25        ATTORNEY'S FEES AND COSTS IN CASE OF COURT ACTION

If any action at law or in equity is necessary to enforce or interpret the terms
of this Agreement, the prevailing party shall be entitled to reasonable
attorney's fees, costs and necessary disbursements in addition to any other
relief to which that party may be entitled.

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ARTICLE 26        NOTICES

26.1     Each notice hereunder shall be in writing and shall be given by any one
         of the following means:

         26.1(a)  by delivering it to the address of the party on a business day
                  during normal business hours; or

         26.1(b)  by sending it to the address of the party by registered mail.

26.2     The address and facsimile numbers (and telephone numbers) of the
         parties shall, in the absence of notice to the contrary, be as follows:

         GLOBAL:

         Address:          Suite 665
                           4535 West Sahara Avenue
                           Las Vegas, Nevada
                           USA

         Facsimile:        +1-702-732-4415

         Telephone:        +1-702-732-9262

         AQUADYNE:

         Address:          Suite 606
                           1220 N. Market St.
                           Wilmington, Delaware 19801

         Facsimile:        (949) 5970269

         Telephone:        (949) 5970268

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<PAGE>

26.3     Each of the parties shall give notice to the other of any change in any
         address, facsimile or telephone number at the earliest possible
         opportunity, but in any event within 48 hours of such change taking
         place.

ARTICLE 27        RIGHTS CUMULATIVE

All rights granted to the parties hereunder shall be cumulative and no exercise
by either party of any right under this Agreement shall restrict or prejudice
the exercise of any other right granted by this Agreement, or otherwise
available to that party.

ARTICLE 28        MODIFICATIONS, AMENDMENTS AND CONSENTS

28.1     Any modification or amendment of this Agreement will be effective only
         if it is in writing signed by or on behalf of the party to be charged.

28.2     Any consent by a party shall be of no force or effect unless it is in
         writing and signed by or on behalf of the party to be charged.

ARTICLE 29        WAIVER

29.1     A party's failure or delay to exercise a power or right does not
         operate as a waiver of that power or right.

29.2     The exercise of a power or right does not preclude either its exercise
         in the future or the exercise of any other power or right.

29.3     A waiver is not effective unless it is in writing and signed by the
         party to be charged.

29.4     The waiver of a power or right is effective only in respect of the
         specific instance to which it relates and for the specific purpose for
         which it is given.

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ARTICLE 30        SEVERABILITY

If any provision of this Agreement is declared by any judicial or other
competent authority to be void, voidable, illegal or otherwise unenforceable, or
indications to that effect are received by either of the parties from any
competent authority, the parties shall use their best efforts to amend that
provision so as to overcome the same in such manner as most nearly achieves the
original intention of the parties in entering into this Agreement, provided
however that should it not be possible to amend the provision in this way then
such provision shall be severed from this Agreement unless the effect of
severance would be to significantly reduce the benefits to be received by or to
make it more onerous for either or both of the parties hereunder, in which case
such party or parties shall be entitled to terminate this Agreement by 30 days
notice to the other party.

ARTICLE 31        ENTIRE AGREEMENT

This Agreement contains the entire agreement of the parties and supersedes any
prior written or oral agreements between them concerning the subject matter
contained herein. There have been and are no representations, agreements,
arrangements, or understandings, oral or verbal, between and among the parties
hereto, relating to the subject matter contained in this Agreement, which are
not fully expressed herein.

ARTICLE 32        ARBITRATION

All disputes or differences which shall at any time arise between the parties,
whether during the term of this Agreement or afterwards, touching or concerning
this Agreement, or its construction or effect, or the rights, duties or
liberties of the parties under or by virtue of it, or concerning any matter in
any way connected with or arising out of the subject matter of this Agreement,
shall on the written request of either party served on the other, be submitted
to a non-binding arbitration. The arbitration shall comply with and be governed
by the provisions of the appropriate Arbitration legislation in the State of
Delaware. The party prevailing in the arbitration shall be entitled to attorneys
fees together with other costs and necessary disbursements incurred on its
behalf in relation to the arbitration.

                                       20

<PAGE>

ARTICLE 33        APPLICABLE LAW AND JURISDICTION

33.1     This Agreement shall be governed by and construed in accordance with
         the laws of the State of Delaware and the United States of America.

33.2     Each party irrevocably and unconditionally submits to the non-exclusive
         jurisdiction of the courts of the State of Delaware and waives any
         immunity or any objection it may have to any action in those courts and
         to a claim that any action in those courts has been brought in an
         inconvenient forum or to those courts not having jurisdiction.

THIS AGREEMENT WAS EXECUTED on the date first hereinbefore written, by:

THE COMMON SEAL OF                          THE COMMON SEAL of
GLOBAL WATER & POWER INC was                AQUADYNE INC.
hereunto affixed in accordance with its     was hereunto affixed in accordance
By-laws in the presence of:                 with its By-laws in the presence of:

------------------------                    -------------------------------
Director                                    Director

                                       21

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