Document:

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                                                                   Exhibit 10.17

                        EQUIPMENT ACQUISITION AGREEMENT

     This Equipment Acquisition Agreement ("Acquisition Agreement"), is made at
Boston, Massachusetts, dated June 1, 1998 by and between, BancBoston Leasing
Inc., a Massachusetts Corporation, with its principal place of business at 100
Federal Street, Boston, Massachusetts 02110 (the "Lessor") and Integrated
Information Systems, Inc. an Arizona Corporation, with its principal place of
business at 1560 West Fountainhead Parkway, Suite 200, Tempe, Arizona 85282
(the "Lessee").

     1.   Premise.  The Lessee desires to have the Lessor acquire title to
certain items of new tangible personal property ("Equipment") specified on
Exhibit A hereto, which is incorporated herein. The Equipment is to be acquired
from the various Suppliers (the "Suppliers") for various purchase prices which
are not to exceed Four Hundred Thousand and 00/100 US Dollars ($400,000.00)
(the "Maximum Contract Prices"). In connection with such acquisition, the
Lessee also desires to have Lessor advance certain sums to such Suppliers in
accordance with the provisions of this Acquisition Agreement. Upon acquisition
of such Equipment, Lessee shall lease such Equipment from Lessor pursuant to
Master Lease Finance Agreement (the "Lease Agreement"), by and between the
Lessor and the Lessee dated as of February 20, 1998.

     2.   Purchase Contract Assignment. The Lessee has entered into one or more
contracts (hereinafter "Contracts") with the Suppliers. Copies of the Contracts
are attached and identified as Exhibit A. Among other things, the Contracts
provide for the purchase by Lessee of Equipment described in Exhibit A. Lessee
desires to assign to the Lessor, under the terms and conditions of this
Acquisition Agreement, all of its rights, title, interest and claims in and to
the Contracts and the Equipment subject thereto. Accordingly, Lessee hereby
ASSIGNS, TRANSFERS, AND SETS OVER to Lessor all Lessee's rights, claims,
interests and benefits under the Contracts including, but not limited to: (i)
the right to purchase the Equipment for the applicable purchase prices not to
exceed the Maximum Contract Prices set forth, on Attachment A and (ii) the
benefits of any and all agreement, representations, warranties (to the full
extent permitted by the terms of such warranties and by applicable law) and
indemnities set forth in the Contracts with respect to the Equipment and the
purchase thereof.

     Notwithstanding this assignment, Lessee does not delegate or assign to the
Lessor, and the Lessor does not hereby accept or assume, any of the duties,
liabilities or obligations of Lessee arising under or in connection with the
Contracts, and the Lessor shall not be liable or responsible in any way for the
performance by Lessee of any of the covenants, terms or provisions of such
Contracts.

     3.   Representations, Warranties and Agreements. Lessee hereby represents
and warrants to Lessor and covenants and agrees with Lessor as follows:

     (a)  The copies of the Contracts attached hereto are true and complete
copies of the Contracts, including any and all riders, schedules, certificates,
attachments, amendments and other supplements and modifications to Contracts;

     (b)  The Contracts (1) have been duly authorized, executed and delivered
by duly authorized officers or agents of each party thereto; (2) are in full
force and effect and constitute valid, lawful and binding obligations of each
of the parties thereto; (3) are enforceable in accordance with their terms
against each of the parties thereto except as enforceability may be limited by
applicable bankruptcy, reorganization, moratorium or other similar laws and,
with respect to the Contracts, neither party is in default, or will be in
default with the mere passage of time or the giving of notice;

     (c)  The terms and conditions of the Contracts, including price and
payment terms, were bargained for at arm's length between Lessee and Supplier;

     (d)  All interests, rights and claims purported to be assigned to, or
vested in, the Lessor by this Acquisition Agreement are hereby validly,
effectively and lawfully assigned to and vested in the Lessor, free and clear
of all liens, charges, claims and encumbrances whatsoever other than the
purchase money security interests of the Suppliers which shall be extinguished
automatically upon payment of the full purchase prices;
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     (e) The Lessee has obtained, or has caused to be obtained, any and all
valid and legally binding consents or approvals from the Suppliers or any third
person necessary to effectuate the provisions of this Acquisition Agreement;

     (f) Lessee agrees to give, if necessary, proper, prompt and timely notice
of the assignments effected hereby to the Suppliers or any third person to
which such notice may be required;

     (g) Lessee shall maintain the Contracts or cause the Contracts to be
maintained in full force and effect and shall fully perform or cause to be
fully performed all of Lessee's obligations and duties under the Contracts
except for those expressly assigned to Lessor hereunder, and

     (h) Lessee will cause the benefits of all warranties, indemnities and
similar rights and protections associated with the Equipment to be available
directly to Lessor, and will insure that the same may be assigned by the Lessor
at any time or from time to time, in whole or in part, to the Lessee to the
full extent permitted by the terms of such warranties and by applicable law.

     4. Progress Payments. Subject to the conditions set forth in this
Acquisition Agreement, Lessor agrees to make progress payments ("Progress
Payments"), including deposits and other advance payments, but excluding final
payments, for Equipment, which payments are required to be made pursuant to the
contracts, in the amounts and at the times stated therein, provided that,
Lessor has been invoiced by the Supplier for such Progress Payments and the
Lessee has authorized Lessor to make such payments. The cumulative total of
Progress Payments made under this Acquisition Agreement with respect to any
Contract shall not exceed ninety-five percent (95%) of the Maximum Contract
Price. Notwithstanding the foregoing, the Lessor shall have no obligation to
make Progress Payments if the relevant Supplier has sought or has been placed
under the protection of the insolvency or bankruptcy laws of any state or of
the United States.

     5. Final Payments. Lessor further agrees with Lessee that, after receiving
the written approval of Lessee to make final payments ("Final Payments") for
the Equipment, Lessor will make such Final Payments, provided that, prior to
the time of such payment, (i) Lessor has received from Lessee written approval,
(ii) the Lessee has accepted the Equipment pursuant to the terms and conditions
of the Lease Agreement and (iii) Lessor has received from the Supplier an
invoice for Final Payment which is marked as such. Notwithstanding the
foregoing, the Lessor shall have no obligation to make Final Payments if the
relevant Supplier has sought or has been placed under the protection of the
insolvency or bankruptcy laws of any state or of the United States.

     6. Agreement to Lease. Lessee unconditionally agrees to lease from Lessor
all Equipment as to which Progress Payments and Final Payments are made by
Lessor under this Acquisition Agreement. Lessee shall evidence its acceptance
of such item of Equipment by signing and delivering to Lessor an Equipment
Schedule and Certificate of Acceptance pursuant to the terms and conditions of
the Lease Agreement.

     7. Insurance. Lessee hereby agrees with Lessor that, commencing on the date
of execution of this Acquisition Agreement, Lessee will, at its own expense,
maintain insurance with respect to all Equipment in such amounts as may be
requested by Lessor and covering the Equipment with customary forms of fire and
extended coverage insurance and comprehensive general liability insurance
including public and product liabilities. Such insurance shall be subject to the
approval of the Lessor which approval shall not be unreasonably withheld.
Without limitation of the foregoing, Lessor may require that all such insurance
policies name Lessor as additional insured and as loss payee. All policies shall
provide for a twenty-day minimum notice to Lessor of changes to the terms of the
policy or the cancellation thereof. Upon written request of Lessor, Lessee shall
furnish evidence satisfactory to Lessor of compliance by Lessee with the
provisions of this Section. Lessor shall not be under any duty to examine any
evidence of insurance furnished hereunder, or to ascertain the existence of any
policy or coverage, or to advise Lessee of any failure of compliance with the
provisions of this Section.

     8. Indemnification. Lessee hereby agrees with Lessor that, whether or not
the Equipment is leased pursuant to the Lease Agreement, the Lessee shall
indemnify and hold Lessor harmless against all liabilities, losses, damages and
expenses arising out of or in connection with the contracts or this Acquisition
Agreement, including, without limitation, the following:
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     (a)  all claims, costs, expenses, damages, losses and liabilities arising
or accruing in connection with the ordering, selection, manufacture, purchase,
delivery, acceptance, ownership, assembly, installation or return of all or any
part of the Equipment; and

     (b)  all claims or any Supplier of any Equipment arising out of or directly
or indirectly relating to any invoice or Contract.

     The agreements and indemnities contained in this Section shall survive the
expiration or earlier termination of this Acquisition Agreement and shall be in
addition to, and not in lieu of the agreements and indemnities set forth in the
Lease Agreement; provided however that Lessor shall have no independent right of
action against Lessee other than hereunder or under or in connection with the
Lease Agreement with respect to any breach by Lessee or its representations and
warranties hereunder.

     9.   Interest Charges.   Lessee hereby agrees to pay to Lessor interest
charges ("Interest Charges") equal to Base plus 2% ("Base Rate"), as announced
from time to time by BankBoston, N.A. as its Base Rate, multiplied by the
outstanding amounts paid by Lessor as Progress Payments. Interest charges (i)
shall accrue from the date any Progress Payment is made until the date the
Equipment is accepted by Lessee under the Lease Agreement, (ii) shall be
computed on the basis on a 365-day year for the actual number of days elapsed,
and (iii) shall be calculated with respect to the total amount of Progress
Payments then outstanding. The interest component of the Interest Charge shall
be determined monthly in accordance with Base Rate in effect at the close of
business on the last business day of each calendar month. The interest component
for the Interest Charge accruing during the month in which the Lease Agreement
commences with respect to the Equipment ("Commencement Date") shall be
determined in accordance with the Base Rate in effect on the Commencement Date.
Interest Charges shall be payable by Lessee monthly and on the Commencement
Date. Interest Charges will be invoiced by Lessor and will be due and payable by
Lessee within ten (10) business days of the date of such invoice.

     10.  Failure to Lease.   If for any reason whatsoever, including, without
limitation, (i) the occurrence of an Event of Default under the Lease Agreement
or this Acquisition Agreement, (ii) the refusal of the Lessee to timely accept
the Equipment under the Lease Agreement, (iii) the failure of the Suppliers to
complete delivery, (iv) the failure of Lessee or of any third-party contractors
to complete installation, (v) the failure of Lessee to meet any one of the
conditions precedent specified in the Lease Agreement to the satisfaction of
Lessor, or (vi) the Equipment or any portion thereof is not leased by Lessee
under the Lease Agreement, then, in such event, Lessee hereby agrees to pay
Lessor immediately on demand an amount equal to (a) the total of all Progress
Payments paid by Lessor to the Suppliers for such Equipment, plus (b) the full
amount of Interim Interest accrued with respect thereto, less (c) any commitment
fee actually paid by Lessee to Lessor. After such amount has been received by
Lessor, Lessor will assign to Lessee all of Lessor's right, title and interest
in and to such Equipment and the Contracts (including without limitation, the
benefits of all warranties, indemnities and similar rights and protections
assigned to Lessor by Lessee hereunder) on a "AS IS/WHERE IS" basis without
representation or warranty of any kind whatsoever except that the equipment
shall be free and clear of any lien, claim or encumbrance arising by or through
Lessor. Lessee shall thereupon and, in writing, release Lessor of any and all
liability under this Acquisition Agreement, the Contracts and any invoices
issued by Suppliers with respect thereto and shall acknowledge its duty to
perform all of the obligations arising out of the Contracts and any invoices in
connection therewith.

     11.  Assignment.    This Acquisition Agreement, and the obligations of
Lessee hereunder, may not be assigned by Lessee without the prior written
consent of Lessor, which consent shall not be unreasonably withheld. Any
attempted assignment without such consent shall be void.

     12.  Entire Agreement.   This Acquisition Agreement, including amendments,
schedules, and any other addendum hereto, constitutes the entire understanding
and agreement of the parties hereto. It may not be altered, modified, terminated
or discharged except by a writing signed by the party against whom such
alteration, modification, termination, or discharge is sought.
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     13.  No Waiver.     No omission or delay by Lessor in enforcing any of its
right or remedy shall be a waiver of any such right or remedy nor shall it in
any way affect the right of Lessor to enforce such provisions thereafter.

     14.  Applicable Law.     This Acquisition Agreement shall be governed and
construed for all purposes in accordance with the laws of The Commonwealth of
Massachusetts.

     15.  Severability.  No provision of this Acquisition Agreement which may be
deemed unenforceable shall in any way invalidate any other provision of this
Acquisition Agreement.

     16.  Headings. Section headings contained in this Acquisition Agreement are
inserted for ease of reference only and shall not limit or otherwise affect the
meaning of the terms of this Acquisition Agreement.

     IN WITNESS WHEREOF, Lessor and Lessee have each caused this Acquisition
Agreement to be executed by their respective officers, hereunto duly authorized
as of the day and year first above written.

BancBoston Leasing Inc.                     Integrated Information Systems, Inc.

By: /s/ Illegible                           By: /s/ David Wirthlin
    -----------------------------               ---------------------------

Title:                                      Title: CFO
      ---------------------------                 -------------------------

Equipment Acquisition Agreement 1<PAGE>   1
                                                                   Exhibit 10.18

                          [ BancBoston Leasing Logo ]

MASTER LEASE FINANCE AGREEMENT

     This MASTER LEASE FINANCE AGREEMENT, dated as of the 20th day of February,
1998, ("Lease Agreement") is made at Boston, Massachusetts by and between
BancBoston Leasing Inc. ("LESSOR"), a Massachusetts corporation with its
principal place of business at 100 Federal Street, Boston, Massachusetts 02110
and Integrated Information Systems, Inc. ("Lessee"), a Arizona corporation with
its principal place of business at 1560 Fountainhead Parkway, Suite 200, Tempe,
Arizona 85282

     IN CONSIDERATION OF the mutual promises and covenants contained herein,
Lessor and Lessee hereby agree as follows:

     1. Property Leased. At the request of Lessee and subject to the terms and
conditions of this Lease Agreement, Lessor shall lease to Lessee and Lessee
shall lease from Lessor such personal property ("Equipment") as may be mutually
agreed upon by Lessor and Lessee. The Equipment shall be selected by or ordered
at the request of Lessee, identified in one or more equipment schedules
substantially in the form of Exhibit A attached hereto ("Equipment Schedule")
and accepted by Lessee in one or more certificates of acceptance ("Certificate
of Acceptance") in the form of Exhibit B attached hereto. Each Equipment
Schedule executed by Lessor and Lessee and each Certificate of Acceptance
executed by Lessee shall constitute a part of this Lease Agreement.

     2. Certain Definitions.

     2.1 The "Commencement Date" shall mean the date on which the Equipment
identified in the applicable Equipment Schedule is accepted by Lessee under
this Lease Agreement. Each Commencement Date shall be evidenced by the
Certificate of Acceptance applicable to such Equipment Schedule.

     2.2 The "Rent Start Date" shall mean either (i) the first day of the month
following the month in which the Commencement Date occurs or (ii) the
Commencement Date, if the Commencement Date occurs on the first day of the
month.

     2.3 The "Monthly Rent" shall mean the amount set forth in the applicable
Equipment Schedule as Monthly Rent for the Equipment identified on such
Equipment Schedule.

     2.4 The "Daily Rent" shall mean one-thirtieth (1/30) of the Monthly Rent.

     2.5 The words "herein", "hereof", and "hereunder" shall refer to this
Lease Agreement as a whole and not to any particular section. All other
capitalized terms defined in this Lease Agreement shall have the meanings
assigned thereto.

     3. Term of Lease; Payment of Rent.

     3.1 The term of lease for the Equipment ("Lease Term") shall begin on the
Commencement Date set forth in the applicable Certificate of Acceptance and
shall continue during and until the expiration of the number of full calendar
months set forth in the applicable Equipment Schedule, measured from the Rent
Start Date. The Lease Term may not be cancelled or terminated expect as set
forth in Section 10.2 below.

     3.2 Aggregate Daily Rent shall be due and payable by Lessee on the Rent
Start Date in an amount equal to the Daily Rent multiplied by the actual number
of days elapsed from, and including, the Commencement Date to, but excluding,
the Rent Start Date. The Monthly Rent shall be due and payable on the Rent Start
Date and, thereafter on the first day of each month of the Lease Term. All
Daily Rents and Monthly Rents shall be paid to Lessor at its office in Boston,
Massachusetts.

     4. Acceptance of Equipment; Exclusion of Warranties.

     4.1 Lessee shall signify its acceptance of the Equipment identified in the
applicable Equipment Schedule by promptly executing and delivering to Lessor a
Certificate of Acceptance. Lessee acknowledges that its execution and delivery
of the Certificate of Acceptance shall conclusively establish, as between
Lessor and Lessee, that the Equipment has been inspected by Lessee, is in good
repair and working order, is of the design, manufacture and capacity selected
by Lessee, and is accepted by Lessee under this Lease Agreement.

     4.2 In the event the Equipment is ordered by Lessor from a manufacturer or
supplier at the request of Lessee, Lessor shall not be required to pay the
purchase price for such Equipment unless and until the applicable Certificate
of Acceptance has been received by Lessor. Lessee hereby agrees to indemnify,
defend and hold Lessor harmless from any liability to any manufacturer or
supplier arising from the failure of Lessee to lease any Equipment which is
ordered by Lessor at the request of Lessee or for which Lessor has assumed an
obligation to purchase.

     4.3 Lessor leases the Equipment to Lessee and Lessee leases the Equipment
from Lessor "AS IS" and "WITH ALL FAULTS". Lessee hereby acknowledges that (i)
Lessor is not a manufacturer, supplier or dealer of such Equipment nor an agent
thereof; and (ii) LESSOR HAS NOT MADE, DOES NOT MAKE, AND HEREBY DISCLAIMS ANY
REPRESENTATION OR WARRANTY WHATSOEVER, EXPRESS OR IMPLIED, WITH RESPECT TO THE
EQUIPMENT INCLUDING, BUT NOT LIMITED TO, ITS DESIGN, CAPACITY, CONDITION,
MERCHANTABILITY, OR FITNESS FOR USE OR FOR ANY PARTICULAR PURPOSE.
Lessee further acknowledges that Lessor is not responsible for any repairs,
maintenance, service, latent or other defects in the Equipment or in the
operation thereof, or for compliance of any Equipment with requirements of any
laws, ordinances, governmental rules or regulations including, but not limited
to, laws with respect to environmental matters, patent, trademark, copyright or
trade secret infringement, or for any direct or consequential damages arising
out of the use of or inability to use the Equipment.

     4.4 Provided no Event of Default, as defined in Section 15 below, has
occurred and is continuing, Lessor agrees to cooperate with Lessee, at
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the sole cost and expense of lessee, in making any claim against a manufacturer
or supplier of the Equipment arising from a defect in such Equipment. At the
request of Lessee, Lessor shall assign to Lessee all warranties on the
Equipment available from any manufacturer or supplier to the full extent
permitted by the terms of such warranties and by applicable law.

     5. Ownership; Inspection; Maintenance and Use.

     5.1 Title to the Equipment shall at all times be in the name of Lessor. Any
Equipment subject to titling and registration laws shall be titled and
registered by Lessee on behalf of and in the name of Lessor at the sole cost and
expense of Lessee. Lessee shall cooperate with and provide Lessor with any
information or documents necessary for titling and registration of the
Equipment. Upon the request of Lessor, Lessee shall execute any documents or
instruments which may be necessary or appropriate to confirm, to record or to
give notice of the interest of Lessor in the Equipment including, but not
limited to, financing statements under the Uniform Commercial Code. Lessee, at
the request of Lessor, shall affix to the Equipment, in a conspicuous place, any
label, plaque or other insignia supplied by Lessor designating the interest of
Lessor in the Equipment.

     5.2 The Equipment shall be located at the address specified in the
applicable Equipment Schedule and shall not be removed therefrom without the
prior written consent of Lessor. Lessor, its agents or employees shall have the
right to enter the premises of Lessee, upon reasonable notice and during normal
business hours, for the purpose of inspecting the Equipment.

     5.3 Lessee shall pay all costs, expenses, fees and charges whatsoever
incurred in connection with the use and operation of the Equipment. Lessee
shall, at all times and at its own expense, keep the Equipment in good repair
and working order, reasonable wear and tear excepted. Any maintenance contract
required by a manufacturer or supplier for the care and upkeep of the Equipment
shall be entered into by Lessee at its sole cost and expense. Lessee shall
permit the use and operation of the Equipment only by personnel authorized by
Lessee and shall comply with all laws, ordinances or governmental rules and
regulations relating to the use and operation of the Equipment.

     6. Alterations and Modifications. Lessee may make, or cause to be made on
its behalf, any improvement, modification or addition to the Equipment,
provided, however, that such improvement, modification or addition is readily
removable without causing damage to or impairment of the functional
effectiveness of the Equipment. To the extent that such improvement,
modification or addition is not so removable, it shall immediately become the
property of Lessor and thereupon shall be considered Equipment for all purposes
of this Lease Agreement.

     7. Equipment Use; No Defense, Set-Offs or Counterclaims.

     7.1 Provided no Event of Default, as defined in Section 15 below, has
occurred and is continuing, Lessee shall have the use of the Equipment in the
ordinary course of its business during the Lease Term without interruption by
Lessor or any person or entity claiming through or under Lessor.

     7.2 Lessee acknowledges and agrees that ANY DAMAGE TO OR LOSS,
DESTRUCTION, OR UNFITNESS OF, OR DEFECT IN THE EQUIPMENT, OR THE INABILITY OF
LESSEE TO USE THE EQUIPMENT FOR ANY REASON WHATSOEVER, SHALL NOT (i) GIVE RISE
TO ANY DEFENSE, COUNTERCLAIM, OR RIGHT OF SET-OFF AGAINST LESSOR, OR (ii)
PERMIT ANY ABATEMENT OR RECOUPMENT OF, OR REDUCTION IN DAILY OR MONTHLY RENT,
OR (iii) RELIEVE LESSEE OF THE PERFORMANCE OF ITS OBLIGATIONS UNDER THIS LEASE
AGREEMENT INCLUDING, BUT NOT LIMITED TO, ITS OBLIGATION TO PAY THE FULL AMOUNT
OF DAILY RENT AND MONTHLY RENT, WHICH OBLIGATIONS ARE ABSOLUTE AND
UNCONDITIONAL, unless and until this Lease Agreement is terminated with respect
to such Equipment in accordance with the provisions of Section 10.2 below. Any
claim that Lessee may have which arises from a defect in or deficiency of the
Equipment shall be brought solely against the manufacturer or supplier of the
Equipment and Lessee shall, notwithstanding any such claim, continue to pay
Lessor all amounts due and to become due under this Lease Agreement.

     8. Adverse Claims and Interests.

     8.1 Except for any liens, claims, mortgages, pledges, encumbrances or
security interests created by Lessor, Lessee shall keep the Equipment, at all
times, free and clear from all liens, claims, mortgages, pledges, encumbrances
and security interests and from all levies, seizures and attachments. Without
limitation of the covenants and obligations of Lessee set forth in the preceding
sentence, Lessee shall immediately notify Lessor in writing of the imposition of
any prohibited lien, claim, levy or attachment on or seizure of the Equipment at
which time Lessee shall provide Lessor with all relevant information in
connection therewith.

     8.2 Lessee agrees that the equipment shall be and at all times shall
remain personal property. Accordingly, Lessee shall take such steps as may be
necessary to prevent any person from acquiring, having or retaining any rights
in or to the Equipment by reason of its being affixed or attached to real
property.

     9. Indemnities; Payment of Taxes.

     9.1 Lessee hereby agrees to indemnify, defend and hold harmless Lessor, its
agents, employees, successors and assigns from and against any and all claims,
actions, suits, proceedings, costs, expenses, damages and liabilities
whatsoever arising out of or in connection with the manufacture, ordering,
selection, specifications, availability, delivery, titling, registration,
rejection, installation, possession, maintenance, ownership, use, leasing,
operation or return of the Equipment including, but not limited to, any claim
or demand based upon any STRICT OR ABSOLUTE LIABILITY IN TORT and upon any
infringement or alleged infringement of any patent, trademark, trade secret,
license, copyright or otherwise. All costs and expenses incurred by Lessor in
connection with any of the foregoing including, but not limited to, reasonable
legal fees, shall be paid by Lessee on demand.

     9.2 Lessee hereby agrees to indemnify, defend and hold Lessor harmless
against all Federal, state and local taxes, assessments, licenses, withholdings,
levies, imposts, duties, assessments, excise taxes, registration fees and other
governmental fees and charges whatsoever, which are imposed, assessed or levied
on or with respect to the Equipment or its use or related in any way to this
Lease Agreement ("Tax Assessments"), except for taxes on or measured by the net
income of Lessor determined substantially in the same manner as under the
Internal Revenue Code of 1986, as amended. Lessee shall file all returns,
reports or other documents required in connection with the Tax Assessments and
shall provide Lessor with copies thereof. If, under local law or custom, Lessee
is not authorized to make the filings required by a taxing authority, Lessee
shall notify Lessor in writing and Lessor shall thereupon undertake to file such
returns, reports or documents. Without limiting any of the foregoing, Lessee
shall indemnify, defend and hold Lessor harmless from all penalties, fines,
interest payments, claims and expenses including, but not limited to, reasonable
legal fees, arising from any failure of Lessee to comply with the requirements
of this Section 9.2.

     9.3 The obligations and indemnities of Lessee under this Section 9 for
events occurring or arising during the Lease Term shall continue in full force
and effect, notwithstanding the expiration or other termination of this Lease
Agreement.
<PAGE>   3
     10.       Risk of Loss; Loss of Equipment.

     10.1      Lessee hereby assumes and shall bear the entire risk of loss for
theft, damage, seizure, condemnation, destruction or other injury whatsoever to
the Equipment from any and every cause whatsoever unless caused by Lessor's
gross negligence or willful misconduct. Such risk of loss shall be deemed to
have been assumed by Lessee from and after such risk passes from the
manufacturer or supplier by agreement or pursuant to applicable law.

     10.2      In the event of any loss, seizure, condemnation or destruction of
the Equipment or damage to the Equipment which cannot be repaired by Lessee,
Lessee shall immediately notify Lessor in writing. Within thirty (30) days of
such notice, during which time Lessee shall continue to pay Monthly Rent, Lessee
shall, at the option of Lessor, either (i) replace the Equipment with equipment
of the same type and manufacture and in good repair, condition and working
order, transfer title to such equipment to Lessor free and clear of all liens,
claims and encumbrances, whereupon such equipment shall be deemed Equipment for
all purposes of this Lease Agreement, or (ii) pay to Lessor an amount equal to
the present value of the aggregate of the remaining unpaid Monthly Rents plus
any other costs actually incurred by Lessor. The present value shall be
determined by discounting the aggregate of the remaining unpaid Monthly Rents to
the date of payment by Lessee at the implied interest rate. Any insurance or
condemnation proceeds received by Lessor shall be credited to the obligation of
Lessee under this Section 10.2 and the remainder of such proceeds, if any, shall
be paid to Lessee by Lessor in full compensation for the loss of the leasehold
interest in the Equipment by Lessee.

     10.3      Upon any replacement of or payment for the Equipment as provided
in Section 10.2 above, this Lease Agreement shall terminate only with respect to
the Equipment so replaced or paid for, and Lessor shall transfer to Lessee title
only to such Equipment "AS IS", "WITH ALL FAULTS", and WITH NO WARRANTIES
WHATSOEVER, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR USE OR FOR ANY PARTICULAR PURPOSE.
Lessee shall pay any sales or use taxes due on such transfer.

     11.       Insurance

     11.1      Lessee shall keep the Equipment insured against all risks of loss
or damage from every cause whatsoever occurring during the Lease Term, for an
amount not less than the higher of the full replacement value of the Equipment
or the aggregate of unpaid Daily Rent and Monthly Rent for the balance of the
Lease Term. Lessee shall also carry public liability insurance, both personal
injury and property damage, covering the Equipment, and Lessee shall be liable
for any deductible portions of all required insurance.

     11.2      All insurance required under this Section 11 shall name Lessor
as additional insured and loss payee. Such insurance shall also be with such
insurers and shall be in such forms and amounts as are satisfactory to Lessor.
All applicable policies shall provide that no act, omission or breach of
warranty by Lessee shall give rise to any defense against payment of the
insurance proceeds to Lessor. Lessee shall pay the premiums for such insurance
and, at the request of Lessor, deliver to Lessor duplicates of such policies or
other evidence satisfactory to Lessor of such insurance coverage. In any event,
Lessee shall provide Lessor with endorsements upon the policies issued by the
insurers which evidence the existence of insurance coverage required by this
Section 11 and by which the insurers agree to give Lessor written notice at
least twenty (20) days prior to the effective date of any expiration,
modification, reduction, termination or cancellation of any such policies.

     11.3      The proceeds of insurance required under this Section 11 and
payable as a result of loss or damage to the Equipment shall be applied as set
forth in Section 10.2 above. Upon the occurrence of an Event of Default as
defined in Section 15 below, Lessee hereby irrevocably appoints Lessor as its
attorney-in-fact, which power shall be deemed coupled with an interest, to make
claim for, receive payment of, execute and endorse all documents, checks or
drafts received in payment for loss or damage under any insurance policies
required by this Section 11.

     11.4      Notwithstanding anything herein, Lessor shall not be under any
duty to examine any evidence of insurance furnished hereunder, or to ascertain
the existence of any policy or coverage, or to advise Lessee or any failure to
comply with the provisions of this Section 11.

     12.       Surrender to Lessee. Upon the expiration of the Lease Term and
provided that no Event of Default, as defined in Section 15 below, has occurred
and is continuing, Lessor shall transfer title to the Equipment to Lessee "AS
IS", "WITH ALL FAULTS", and WITH NO WARRANTIES WHATSOEVER, EITHER EXPRESS OR
IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY WARRANTIES OF MERCHANTABILITY OR
FITNESS FOR USE OR FOR PARTICULAR PURPOSE.

     13.       Financial Statements. Lessee shall annually, within ninety (90)
days after the close of the fiscal year for Lessee, furnish to Lessor financial
statements of Lessee, including a balance sheet as of the close of such year and
statements of income and retained earnings for such year, prepared in accordance
with generally accepted accounting principles, consistently applied from year to
year, and audited by independent public accountants for Lessee. If requested by
Lessor, Lessee shall also provide quarterly financial statements of Lessee,
similarly prepared for each of the first three quarters of each fiscal year,
certified (subject to normal year-end audit adjustments) by the chief financial
officer of Lessee and furnished to Lessor within sixty (60) days following the
end of the quarter, and such other financial information as may be reasonably
requested by Lessor.

     14.       Delayed Payment Charge. Lessee shall pay to Lessor interest upon
the amount of any Daily Rent, Monthly Rent or other sums not paid by Lessee when
due and owing under this Lease Agreement, from the due date thereof until paid,
at the rate of one and one half (1-1/2) percent per month, but if such rate
violates applicable law, then the maximum rate of interest allowed by such law.

     15.       Default.

     15.1      The occurrence of any of the following events shall constitute an
event of default ("Event of Default") under this Lease Agreement.

               (a)  Lessee fails to pay any Daily Rent or any Monthly Rent when
due and such failure to pay continues for ten (10) consecutive days; or

               (b)  Lessee fails to pay any other sum required hereunder, and
such failure continues for a period of ten (10) days following written notice
from Lessor; or

               (c)  Lessee fails to maintain the insurance as required by
Section 11 above and such failure continues for ten (10) days after written
notice from Lessor; or

               (d)  Lessee violates or fails to perform any other term,
covenant or condition of this Lease Agreement or any other document, agreement
or instrument executed pursuant hereto or in connection herewith, which failure
is not cured within thirty (30) days after written notice from Lessor; or

               (e)  Lessee ceases to exist or terminates its independent
operations by reason of any discontinuance, dissolution, liquidation, merger,
sale of substantially all of its assets, or otherwise ceases doing business as
a going concern; or
<PAGE>   4
          (f) Lessee (i) applies for or consents to the appointment of, or the
     taking of possession by, a receiver, custodian, trustee, liquidator or
     similar official for itself or for all or a substantial part of its
     property, (ii) is generally not paying its debts as such debts become
     due, (iii) makes a general assignment for the benefit of its creditors,
     (iv) commences a voluntary case under the United States Bankruptcy Code, as
     now or hereafter in effect, seeking liquidation, reorganization or other
     relief with respect to itself or its debts, (v) files a petition seeking
     to take advantage of any other law providing for the relief of debtors,
     (vi) takes any action under the laws of its jurisdiction of incorporation
     or organization similar to any of the foregoing, or (vii) takes any
     corporate action for the purpose of effecting any of the foregoing; or

          (g) A proceeding or case is commenced, without the application or
     consent of Lessee, in any court of competent jurisdiction, seeking (i) the
     liquidation, reorganization, dissolution, winding up of Lessee or
     composition or readjustment of the debts of Lessee, (ii) the appointment
     of a trustee, receiver, custodian, liquidator or similar official for
     Lessee or for all or any substantial part of its assets, or (iii) similar
     relief with respect to Lessee, under any law providing for the relief of
     debtors; or an order for relief is entered with respect to Lessee in an
     involuntary case under the United States Bankruptcy Code, as now or
     hereafter in effect; or an action under the laws of the jurisdiction of
     incorporation or organization of Lessee, similar to any of the foregoing,
     is taken with respect to Lessee without its application or consent; or

          (h) Lessee makes any representation or warranty herein or in any
     statement or certificate at any time given in writing pursuant to or in
     connection with this Lease Agreement, which is false or misleading in any
     material respect; or

          (i) Lessee defaults under any promissory note, credit agreement, loan
     agreement, conditional sales contract, guaranty, lease, indenture, bond,
     debenture or other material obligation whatsoever, and a party thereto or
     a holder thereof is entitled to accelerate the obligations of Lessee
     thereunder; or Lessee defaults in meeting any of its trade, tax or other
     current obligations as they mature, unless such obligations are being
     contested diligently and in good faith; or

          (j) Any party to any guaranty, letter of credit, subordination or
     credit agreement or other undertaking, given for the benefit of Lessor and
     obtained in connection with this Lease Agreement, breaches, fails to
     continue, contests, or purports to terminate or to disclaim such guaranty,
     letter of credit, subordination or credit agreement or other undertaking;
     or such guaranty, letter of credit, subordination agreement or other
     undertaking becomes unenforceable; or a guarantor of this Lease Agreement
     shall die, cease to exist or terminate its independent operations.

     15.2 No waiver by Lessor of any Event of Default shall constitute a waiver
of any other Event of Default or of the same Event of Default at any other time.

     16. Remedies.

     16.1 Upon the occurrence of an Event of Default and while such Event of
Default is continuing, Lessor, at its sole option, upon its declaration, and to
the extent not inconsistent with applicable law, may exercise any one or more
of the following remedies:

          (a) Lessor may terminate this Lease Agreement whereupon all rights of
     Lessee to the use of the Equipment shall cease;

          (b) Whether or not this Lease Agreement is terminated, Lessor may
     cause Lessee, at the sole cost and expense of Lessee, to return any or all
     of the Equipment promptly to the possession of Lessor in good repair and
     working order, reasonable wear and tear excepted. Lessor, at its sole
     option and through its employees, agents or contractors, may peaceably
     enter upon the premises where the Equipment is located and take immediate
     possession of and remove the Equipment, all without liability to Lessor,
     its employees, agents or contractors for such entry. LESSEE HEREBY WAIVES,
     TO THE EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHTS TO NOTICE
     AND/OR HEARING PRIOR TO THE REPOSSESSION OR REPLEVIN OF THE EQUIPMENT BY
     LESSOR, ITS EMPLOYEES, AGENTS OR CONTRACTORS;

          (c) Lessor may proceed by court action to enforce performance by
     Lessee of this Lease Agreement or pursue any other remedy Lessor may have
     hereunder, at law, in equity or under any applicable statute including,
     without limitation, the rights and remedies of a secured party under the
     Uniform Commercial Code of The Commonwealth of Massachusetts or of any
     other jurisdiction, and recover such other actual damages as may be
     incurred by Lessor;

          (d) Lessor may recover from Lessee damages, not as a penalty but as
     liquidation for all purposes and without limitation of any other amounts
     due from Lessee under this Lease Agreement, in an amount equal to the sum
     of (i) any unpaid Daily Rents and/or Monthly Rents due and payable for
     periods prior to the repossession of the Equipment by Lessor plus any
     interest due thereon pursuant to Section 14 above, (ii) the present value
     of all future Monthly Rents required to be paid over the remaining Lease
     Term after repossession of the Equipment by Lessor determined by
     discounting such future Monthly Rents to the date of payment by Lessee
     at implied interest rate, and (iii) all costs and expenses incurred in
     searching for, taking, removing, storing, repairing, restoring,
     refurbishing and leasing or selling such Equipment; or

          (e) Lessor may sell, lease or otherwise dispose of any or all of the
     Equipment, whether or not in the possession of Lessor, at public or
     private sale and with or without notice to Lessee, which notice is hereby
     expressly waived by Lessee, to the extent permitted by and not
     inconsistent with applicable law. Lessor may sell, lease or dispose of the
     Equipment in such order and manner as Lessor may determine. Lessor shall
     then apply against the obligations of Lessee hereunder the net proceeds of
     such sale, lease or other disposition, after deducting all costs incurred
     by Lessor in connection with such sale, lease or other disposition
     including, but not limited to, costs of transportation, repossession,
     storage, refurbishing, advertising or other fees and Lessee shall remain
     liable for any deficiency. Lessor shall account for any excess of such
     proceeds over the total obligations owed by Lessee, which excess shall be
     immediately paid over to Lessee. Unless the Equipment threatens to decline
     speedily in value or is of the type customarily sold on a recognized
     market, Lessor shall give to Lessee at least five (5) days prior written
     notice of the time and place of any public sale of the Equipment or of the
     time after which any private sale or other disposition of the Equipment is
     to be made.

     16.2 No failure on the part of Lessor to exercise, and no delay in
exercising, any right or remedy hereunder shall operate as a waiver thereof. No
single or partial exercise of any right or remedy hereunder shall preclude any
other or further exercise thereof or the exercise of any other right or remedy.
Each right and remedy provided hereunder is cumulative and not exclusive of any
other right or remedy including, without limitation, any right or remedy
available to Lessor at law, by statute or in equity.

     16.3 Lessee shall pay all costs and expenses including, but not limited
to, reasonable legal fees incurred by Lessor arising out of or in connection
with any Event of Default or this Lease Agreement. Lessee shall also be liable
for any amounts due and payable to Lessor under any other provision of this
Lease Agreement.
<PAGE>   5
     17.  Assignment; Sublease.

     17.1 Lessor may sell, assign or otherwise transfer all or any part of its
right, title and interest in and to the Equipment and/or this Lease Agreement to
a third-party assignee, subject to the terms and conditions of this Lease
Agreement including, but not limited to, the right to the use of the Equipment
by Lessee as set forth in Section 7.1 above. Such assignee shall assume all of
the rights and obligations of Lessor under this Lease Agreement and shall
relieve Lessor therefrom. Thereafter, all references to Lessor herein shall mean
such assignee. Notwithstanding any such sale, assignment or transfer, the
obligations of Lessee hereunder shall remain absolute and unconditional as set
forth in Section 7.2 above.

     17.2 Lessor may also, to the extent of its interest therein, pledge,
mortgage or grant a security interest in the Equipment and assign this Lease
Agreement as collateral. Each such pledgee, mortgagee, lienholder or assignee
shall have any and all rights as may be assigned by Lessor but none of the
obligations of Lessor hereunder. Any pledge, mortgage or grant of security
interest in the Equipment or assignment of this Lease Agreement shall be subject
to the terms and conditions hereof including, but not limited to, the right to
the use of the Equipment by Lessee as set forth in Section 7.1 above. Lessor, by
reason of such pledge, mortgage, grant of security interest or collateral
assignment, shall not be relieved of any of its obligations hereunder which
shall remain absolute and unconditional as set forth in Section 7.2 above. Upon
the written request of Lessor, Lessee shall acknowledge such obligations to the
pledgee, mortgagee, lienholder or assignee.

     17.3 LESSEE SHALL NOT SELL, TRANSFER, ASSIGN, SUBLEASE, CONVEY OR PLEDGE
ANY OF ITS INTEREST IN THIS LEASE AGREEMENT OR ANY OF THE EQUIPMENT, WITHOUT THE
PRIOR WRITTEN CONSENT OF LESSOR. Any such sale, transfer, assignment, sublease,
conveyance or pledge, whether by operation of law or otherwise, without the
prior written consent of Lessor, shall be void.

     18.  Compliance and Approvals. Lessee warrants and agrees that this Lease
Agreement and the performance by Lessee of all of its obligations hereunder have
been duly authorized, do not and will not conflict with any provision of the
charter or bylaws of Lessee or of any agreement, indenture, lease or other
instrument to which Lessee is a party or by which Lessee or any of its property
is or may be bound. Lessee warrants and agrees that this Lease Agreement does
not and will not require any governmental authorization, approval, license or
consent except those which have been duly obtained and will remain in effect
during the entire Lease Term.

     19.  Miscellaneous.

     19.1 The section headings are inserted herein for convenience of reference
and are not part of and shall not affect the meaning or interpretation of this
Lease Agreement.

     19.2 Any provision of this Lease Agreement which is unenforceable in whole
or in part in any jurisdiction shall, as to such jurisdiction, be ineffective
only to the extent of such unenforceability without invalidating any remaining
part or other provision hereof and shall not be affected in any manner by reason
of such enforceability in any other jurisdiction. The validity and
interpretation of this Lease Agreement and the rights and obligations of the
parties hereto shall be governed in all respects by the laws of The Commonwealth
of Massachusetts without giving effect to the conflicts of laws provisions
thereof.

     19.3 This Lease Agreement, including all Equipment Schedules and
Certificates of Acceptance, constitutes the entire agreement between Lessor and
Lessee. Lessor and Lessee agree that this Lease Agreement shall not be amended,
altered or changed except by a written agreement signed by the parties hereto.
LESSEE ACKNOWLEDGES THAT THERE HAVE BEEN NO REPRESENTATIONS, EXPRESS OR IMPLIED,
BY LESSOR OTHER THAN AS SET FORTH HEREIN AND LESSEE EXPRESSLY CONFIRMS THAT IT
HAS NOT RELIED UPON ANY REPRESENTATIONS BY LESSOR, EXCEPT THOSE SET FORTH
HEREIN, AS A BASIS FOR ENTERING INTO THIS LEASE AGREEMENT.

     19.4 Any notice required to be given by Lessee or Lessor hereunder shall be
deemed adequately given if sent by registered or certified mail, return receipt
requested, to the other party at their respective addresses stated herein or at
such other place as either party may designate in writing to the other.

     19.5 Lessee agrees to execute and deliver such additional documents and to
perform such further acts as may be reasonably requested by Lessor in order to
carry out and effectuate the purposes of this Lease Agreement. Upon the written
request of Lessor, Lessee further agrees to execute any instrument necessary for
filing or recording this Lease Agreement or to confirm the interest of Lessor in
the Equipment. Lessor is hereby authorized to insert in any Equipment Schedule
the serial numbers of the Equipment and other identifying marks or similar
information and to sign, on behalf of Lessee, any Uniform Commercial Code
financing statements.

     19.6 This Lease Agreement cannot be cancelled or terminated except as
expressly provided herein.

     19.7 Whenever the context of this Lease Agreement requires, the singular
includes the plural and the plural includes the singular. Whenever the word
Lessor is used herein, it includes all assignees and successors in interest of
Lessor. If more than one Lessee are named in this Lease Agreement, the liability
of each shall be joint and several.

     19.8 All agreements, indemnities, representations and warranties of Lessee
made herein and all rights and remedies of Lessor shall survive the expiration
or other termination of this Lease Agreement, whether or not expressly provided
herein.

     19.9 Any waiver of any power, right, remedy or privilege of Lessor
hereunder shall not be effective unless in writing signed by Lessor.

     19.10 This Lease Agreement may be executed in one or more counterparts,
each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.
<PAGE>   6
     IN WITNESS WHEREOF, Lessor and Lessee, each by its duly authorized officer
or agent, have duly executed and delivered this Lease Agreement, which is
intended to take effect as a sealed instrument, as of the day and year first
written above.

                                        Integrated Information Systems, Inc.
                                        ------------------------------------
                                        By /s/ Jim Garvey
                                        ------------------------------------
                                        Title CEO
                                        ------------------------------------

Accepted at Boston, Massachusetts

BANCBOSTON LEASING INC.

By /s/ Illegible
---------------------------------------
Title ASSISTANT VICE PRESIDENT
---------------------------------------

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