Document:

Exhibit 10.47

[GRAPHIC OMITTED]

July 09, 2001

Mr. Richard Tusing
Member - Board of Directors
TSET, Inc.
Two Centerpointe Drive, Suite 580
Lake Oswego, Oregon  97035

Dear Rich:

      Bill Poster and I have  thoroughly  enjoyed our past few  meetings.  Those
meetings,  in  addition to our own  analysis,  have  provided a strong  baseline
understanding of the "Kronos" business opportunity.

      We have had an opportunity to forward along certain  information and brief
the other partners of The Eagle Rock Group ("Eagle Rock") on Kronos.  There is a
strong  interest  on Eagle  Rock's  behalf to work with the Kronos team to fully
comprehend and capitalize on the Kronos technology.

      We are very confident  that Eagle Rock can assist TSET,  Inc. in unlocking
the  potential  value  of  the  Kronos  technology.  Most  likely,  dramatically
accelerating TSET, Inc.'s Kronos opportunities versus the timing and development
if TSET,  Inc. were to continue on a go-it-alone  strategy or if it were to work
and coordinate  with the myriad of groups  necessary to duplicate the Eagle Rock
team.  Specifically,  Eagle Rock  initially  envisions  working  to augment  and
enhance the efforts of TSET,  Inc.'s Board of Directors  and  management  in the
following  areas (i)  capital  raising and  allocation  (ii)  strategic  partner
introduction and evaluation (iii) distribution  channel development (iv) product
focus and brand development (v) human resource placement and (vi) capital market
introduction and awareness (items (i) - (vi) above define as the  "Engagement").
However,  due to our  compensation  structure (see below), I can assure you that
Eagle Rock commits broadly to ensure the success of each of our clients.

      As we have discussed with you, Eagle Rock not only  differentiates  itself
based  on the  talent  and  skill  sets  of  each  of the  partners,  but on our
collective  commitment  to the  toughest  challenge  of  all  for  businesses  -
execution.  During our past  discussions  we have  provided  examples of ways in
which we work with  organizations  to build and  harvest  value.  Our goal is to
always  link  the  direct  results  of  Eagle  Rock's   participation   with  an
organization  to Eagle  Rock's  compensation.  As a Board  Member,  Investor and
potentially as part of  management,  I am sure that you will find this mutuality
of interest refreshingly different.

      In helping to define our aligned interests,  I have attached "a framework"
for TSET, Inc. to consider in its ongoing  relationship with Eagle Rock. This is

             7918 Jones Branch drive, suite 600 o McLean Va. o 22102
              Telephone: 703.287.8718 * Cellular PHone 703.625.6172
                    e-mail: j_mcdermott@Theeaglerockgroup.com

<PAGE>
                                                                        07/09/01

a framework of an understanding of what is necessary to make TSET, Inc. - Kronos
a joint success.

      As you are already aware,  Eagle Rock will require continued due diligence
and fulsome  investigation of TSET, Inc., its Board of Directors and management.
We believe that we can complete  such work no later than the date in which TSET,
Inc.  initially  files its  Registration  Statement  associated  with the Fusion
Capital  equity line of credit (such date is anticipated to be on or around July
12, 2001).

      Although  satisfactory  results of Eagle Rock's  additional  due diligence
will be required,  this letter and the terms of attached  "Relationship Outline"
are intended to provide an agreement  between Eagle Rock and TSET,  Inc.  Please
indicate your concurrence in the space provided below.

      Eagle Rock looks forward to our  relationship.  Please call Bill Poster or
me at your earliest convenience to discuss.

                                         Sincerely,

                                         James P. McDermott, Managing Director
                                         Eagle Rock Advisors, LLC
                                         Manager for The Eagle Rock Group, LLC

------------------------
Richard Tusing
TSET, Inc.

------------------------
Date

<PAGE>

               TSET, Inc. Kronos - Eagle Rock Relationship Outline

STRUCTURE -
-----------

Six-month "evergreen" independent contractor relationship with a 30-day prior
notice cancellation provision.

PURPOSE AND MISSION -
---------------------

Eagle Rock anticipates providing the following support to TSET, Inc.'s Board of
Directors and management:

        -          capital raising and allocation

        -          strategic partner introduction and evaluation

        -          distribution channel development

        -          product focus and brand development

        -          human resource placement and

        -          capital market introduction and awareness.

COMPENSATION AND EXPENSES -
---------------------------

TSET, Inc. will issue to Eagle Rock a 10-year warrant for 1,400,000 shares of
TSET, Inc. common stock that will fully vest and be exercisable on January 01,
2002. TSET, Inc. shall not have any obligation to issue the warrant if Eagle
Rock elects on or before July 06, 2001 not to proceed with this agreement. A
formal warrant agreement acceptable to Eagle Rock will be issued within thirty
(30) days of this agreement. Termination of this agreement by TSET, Inc. shall
not effect the vesting of the warrant. The option exercise price is based upon
the date of this agreement. In the event TSET, Inc. seeks additional equity or
debt financing, Eagle Rock shall be given an opportunity to participate in such
financing upon the terms to be offered to third parties provided that Eagle Rock
must definitively state its intention to so invest within the reasonable time
periods imposed by TSET, Inc.. TSET, Inc. reserves the right to accept equity or
debt financing from any source if, at the time such financing is made available
to TSET, Inc., Eagle Rock has not definitively indicated its intent to so
participate.

Eagle Rock does not bill for out of pocket or incidental expenses, but does
require a $20,000.00 per month expense fee payable at the beginning of each
month to cover such costs. Should the expense costs of Eagle Rock extend beyond
those initially estimated by Eagle Rock, TSET, Inc. and Eagle Rock will
negotiate in good faith for a new monthly expense allowance.

<PAGE>

INDEMNIFICATION -
-----------------

Because of the importance of TSET, Inc.'s management's and Board of Directors
cooperation and guidance to the effective performance of the completion of the
Engagement, TSET, Inc. will release Eagle Rock and hold harmless and indemnify
Eagle Rock and its affiliates from any claims, liabilities, damages, awards,
judgments, claims costs and expenses (in any case, a "claim") relating to the
services provided under this letter or any addendum thereto which are brought by
TSET, Inc., its officers, directors, subsidiaries or affiliates or by any third
party based upon information, documentation, disclosures, and the like provided
to Eagle Rock by TSET, Inc.; provided, however, that such indemnification shall
not apply in connection with any claim arising out of Eagle Rock's gross
negligence or willful misconduct. Additionally, TSET, Inc. will take whatever
corporate action is necessary to name Eagle Rock and its affiliates as
"Indemnitees" and hence be insured on a basis no different than the management
or the Board of Directors of TSET, Inc.

OTHER TERMS AND CONDITIONS -
----------------------------

Eagle Rock shall have certain vesting rights associated with the warrant, as
well as tag along rights, put rights, and change of control rights, that are the
same as current advisors/management (i.e., Richard Tusing and Dan Dwight) except
Eagle Rock's rights shall not include restrictions generally required of
management as a result of their status as current or future employees. For
example, management's rights may be triggered only if there is a change of
control and termination of employment - Eagle Rock would not be subject to the
termination of employment requirement. Additionally, Eagle Rock will have the
right to nominate one seat on the Board of Directors of TSET, Inc. and if
elected, compensation commensurate with other outside Board Members.

Both parties hereto agree that neither party shall make any public statements
regarding the other party without prior written approval including, without
limitation, statements in public securities documents.

<PAGE>Exhibit 10.48

                                FINDERS AGREEMENT

        This Finders  Agreement (the "AGREEMENT") is made and entered into as of
the effective date below between TSET,  INC., a Nevada  corporation and /S/ JOHN
S. BOWLES (hereinafter collectively referred to as the "FINDER").

                                    RECITALS

        TSET  is  interested  in  being  introduced  by  Finder  to  prospective
Investors for the purpose of  soliciting  investments  in the company.  For such
service,  TSET is  willing  to  compensate  Finder,  subject  to the  covenants,
conditions and limitations set forth in this Agreement.

        Finder  is  willing  to  provide  the  services  contemplated  by and in
accordance with the covenants, conditions and limitations of this Agreement.

                                    AGREEMENT

        In  consideration  of  the  foregoing  recitals,  the  mutual  covenants
hereinafter  provided,  and for  other  good and  valuable  considerations,  the
receipt and  sufficiency of which are hereby  acknowledged,  the parties hereto,
intending to be legally bound and equitably bound, hereby agree as follows:

I.      DEFINITIONS.

        For  purposes  of this  Agreement,  the  following  terms shall have the
following meanings:

        1. TSET shall mean TSET, Inc. and its subsidiaries.

        2. ACT shall mean the Investment Advisers Act of 1940, as amended;

        3. APPLICABLE LAW shall mean and include any law enacted by the Congress
of  the  United  States  (including,  without  limitations,  the  Act),  by  any
legislature of any of the states comprising the United States of America, by any
parliament, congress or legislature of any country, province or state outside of
the United States of America.

        4. AUTHORIZED FINDER INVESTOR shall have the meaning ascribed thereto in
paragraph 2 below;

        5.  FINDERS FEE shall have the meaning  ascribed  thereto in paragraph 3
below;

        6. PERSON shall mean and include any  individual,  partnership,  limited
liability company, corporation, trust or other entity;

        7. INVESTOR shall mean Person whom shall make an investment into TSET by
any form including debt or equity.

<PAGE>

        8.  REGULATOR  shall  mean  and  include  the  Securities  and  Exchange
Commission,  or any agency which  regulates  the purchase and sale of securities
within  one of the  states of the  United  States of  America,  and any  similar
governmental  agency of any  country,  province  or state  outside of the United
States.

II.     SCOPE AND LIMITATIONS OF ENGAGEMENT.

        1. FINDERS  AUTHORIZATION  TO INTRODUCE TSET TO  PROSPECTIVE  AUTHORIZED
FINDER  INVESTORS.  TSET hereby  appoints  Finder and Finder hereby accepts such
appointment,  on a non-exclusive basis, to contact and introduce TSET to Persons
believed by Finder to be  Authorized  Finder  Investors  that may  provide  debt
and/or  equity based  financing to TSET upon terms and  conditions  agreeable to
TSET.  Finder  shall not contact or  otherwise  initiate  any effort to contact,
directly or indirectly,  any Person for the purpose of making an introduction on
behalf of the TSET without the express  written  consent of the TSET.  Following
execution of this Agreement,  and periodically  thereafter,  Finder shall inform
TSET of Persons believed by Finder to be prospective Authorized Finder Investors
whom Finder desires to introduce to TSET.

By execution of this  Agreement,  all Persons in Attachment A are  authorized by
TSET as Authorized Finder  Investors.  TSET shall in good faith notify Finder in
writing  whether any  Authorized  Finder  Investor  proposed to be contracted or
introduced by Finder to TSET  hereunder  has  previously  been  contacted by, or
previously  introduced to, TSET, in which case such proposed  Authorized  Finder
Investor shall be excluded from the list of approved Persons in Attachment A. In
connection with the execution of this Agreement and for purposes of establishing
the  compensation  payable to Finder  hereunder,  Finder shall  designate  those
Persons  that  are to be  deemed  Authorized  Finder  Investor  hereunder.  Such
designation  shall be a  condition  of  acceptance  of those  Persons  listed in
Attachment A.

        2. AVOIDING DISPUTES REGARDING FINDERS RIGHTS. If, for any reason, as to
any specific  prospective  investor,  Finder  fails to strictly  comply with the
procedure  described  in this  section  2 or fails  to  comply  with  any  other
provision  of this  Agreement,  Finder  shall  have no  rights  to  compensation
pursuant to paragraph 3 with regard to such prospective investor.

        3. FINDERS  FUNCTIONS  LIMITED.  The sole function of Finder shall be to
provide  impersonal  advisory  services by bringing  together  Authorized Finder
Investors  and  TSET.  Finder  shall  not,  in any  manner,  offer  or sell  any
investment  in TSET.  Finder shall  provide such  assistance as TSET may request
from time to time regarding the structure, evaluation, negotiation of definitive
terms of  investment  proposed by an  Authorized  Finder  Investor.  The parties
understanding  that  final  approval  of  all  such  terms  shall  be  the  sole
responsibility of TSET.

        4.  INDEPENDENT  STATUS OF FINDER.  Finder  shall,  at all times,  be an
independent contractor hereunder, rather than a co-venturer, agent, employee, or
representative of TSET. Finder shall work independently,  without supervision or
training by TSET, shall be responsible for Finder's taxes, shall not be required
to work on a continuing daily basis or any specific work schedule, and shall not

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<PAGE>

be provided with office space or  administrative  support by the TSET. Finder is
permitted to engage in other  businesses  and  ventures.  Finder shall be solely
responsible for complying with all laws,  rules,  and regulations  applicable to
its services hereunder.

        5.  TSET  RETAINS  ABSOLUTE   DISCRETION.   Notwithstanding   any  other
provisions of this Agreement,  in accordance with TSET's fiduciary duties, TSET,
may,  in its sole and  absolute  discretion,  refuse  to meet  with or admit any
prospective  investor,  and TSET  shall be under no  obligation  to accept as an
investor any Authorized Finder Investor.

        6.  CONFIDENTIALITY.  Finder shall assist TSET in obtaining execution by
Authorized Finder Investors of any  confidentiality  agreements deemed necessary
or  property  by  TSET  to  protect  non-public,  confidential,  or  proprietary
information.

III.    COMPENSATION.

        1.  FINDER'S FEE. TSET shall pay to Finder and Finder shall receive from
TSET a Finder's Fee based upon the Total Investment  Value by Authorized  Finder
Investors. Finder's Fee will be calculated according to the following:

               5% of Total Investment Value from $0-$10M
               3% of Total Investment Value above $10M

Compensation will be paid in cash via Finder's wire transfer instructions within
72 hours from receipt of funds.  Total  Investment Value includes total value of
all investments  including equity and debt.  Finder shall be solely  responsible
for paying any and all federal,  state or local  income and other taxes  arising
out of payment of any compensation to Finder by TSET hereunder.

Any  compensation  payable to any person other than the consultant in connection
with the provision of the Finder's  services  hereunder shall be paid out of the
compensation  described in this Section 3, such that such compensation  shall be
the sole compensation to be paid by TSET in connection therewith.

        2. TRAVEL  REIMBURSEMENT.  TSET shall reimburse  pre-approved  travel or
other pre-approved expenses incurred by Finder in connection with services to be
rendered by Finder pursuant to this Agreement, as expressly agreed in writing by
TSET.  Pre-approved  travel and  pre-approved  other expenses will be reimbursed
within  five  business  days from  receipt  of expense  documentation.  Expenses
incurred by Finder  pursuant to this Agreement  shall not exceed an aggregate of
$5,000 without TSET's prior written consent.

        3.  NON-CIRCUMVENTION.  TSET warrants to Finder that TSET shall not seek
to circumvent  Finder or contact  directly any  Authorized  Finder  Investor not
excluded by TSET in  Attachment A or seek to  consummate  any  investment of any
nature without paying to Finder the compensation described in this section 3.

                                       3
<PAGE>

IV.     FINDERS WARRANTIES, REPRESENTATIONS AND ADDITIONAL COVENANTS.

        1. FULL  AUTHORITY.  Finder  warrants and  represents to TSET that:  (i)
Finder has the full  unrestricted  right to enter into this  Agreement,  (ii) by
entering into this Agreement,  Finder is not violating or otherwise contravening
any  agreement  to which  Finder is bound or any  Applicable  Law;  and (iii) no
Person must  consent to the  execution  and  performance  of this  Agreement  by
Finder.

        2. RECEIPT OF TSET BUSINESS  PLAN.  Finder  acknowledges  receipt of the
TSET BUSINESS PLAN and  represents  that Finder ahs carefully  reviewed the TSET
BUSINESS  PLAN as well as  public  information  proved by TSET  pursuant  to its
reporting obligations under the Securities Exchange Act of 1934, as amended, and
has been  afforded an  opportunity  to fully  inform  himself as to the contents
thereof.

        3.  FRAUD AND BAD ACTS.  Finder  represents  and  warrants  to TSET that
Finder is not now, and convents that Finder shall not in the future be, a Person
(i) subject to an order of any Regulator under Applicable Law, or (ii) convicted
within  the  previous  ten (10)  years of any  felony or  misdemeanor  involving
conduct described Section  203(e)(2)(A)-(D) of the Act or any similar Applicable
Law,  or (iii) who has been  found by any  Regulator  to have  engaged,  or been
convicted of engaging,  in any conduct  specified in paragraph  (1), (4) or 5 of
Section  203(f) of the Act or of any other  similar  Applicable  Law, or (iv) is
subject to an order,  judgment or decree  described in Section  203(e)(3) of the
Act or any similar Applicable Law.

        4.  COMPLIANCE  WITH ALL LAWS.  Finder  covenants  with TSET that Finder
shall comply with all  Applicable  Laws in  connection  with the  execution  and
performance of this Agreement.

        5. FULL DISCLOSURE TO TSET. Without limiting any other provision of this
Agreement,  Finder  agrees to fully  disclose all  activities in which Finder is
engaged pursuant to this Agreement and fully,  fairly and accurately  report the
results of all contacts with Authorized Finder Investors.

V.      TERMINATION.

        1. This Agreement may be terminated immediately by TSET, without notice,
in the event that Finder commits a material breach of this  Agreement,  in which
event, Finder shall have no further entitlement to compensation hereunder.

        2. In the  absence  of breach by the  Finder,  TSET may  terminate  this
Agreement  upon ten (10) days prior  written  notice to Finder.  In this  event,
Finder  shall be entitled to all  compensation  pursuant to  Paragraph 3 of this
Agreement with regard to investments made by an Authorized  Finder Investor,  as
if this Agreement had not been terminated.

        3. Finder may terminate  this Agreement upon ten (10) days prior written
notice. In this event, Finder shall be entitled to all compensation  pursuant to
Paragraph 3 of this Agreement  with regard to investments  made by an Authorized
Finder  Investor,  as if this  Agreement  had  not  been  terminated;  provided,

                                       4
<PAGE>

however,  if TSET later  determines  that Finder  committed a material breach of
this Agreement  prior to such  termination,  Finder shall have no entitlement to
compensation hereunder following the occurrence of such breach.

VI.     MISCELLANEOUS.

        1. BINDING  EFFECT AND SURVIVAL OF RIGHTS.  This  Agreement will benefit
and bind the parties and their respective personal  representatives,  executors,
administrators, heirs, legatees, devisees, successors and assigns.

        2.  NOTICES.  All notices,  demands,  requests and other  communications
required or permitted to be given by any provision of this  Agreement will be in
writing addressed as follows:

          IF TO TSET:            TSET, Inc.
                                 333 South Sate Street, PMB 111
                                 Lake Oswego, OR 97034
                                 503.968.1547
                                 Attn:   Jeffrey D. Wilson, Chairman and Chief
                                         Executive Officer

          IF TO FINDER:          /s/ John S. Bowles
                                 /s/ 3426 D Street, N.W.
                                 /s/ Washington, DC  20007

        Any such notice, demand, request or communication will be deemed to have
been given and received for all purposes under this  Agreement:  (a) on the date
of delivery  when  delivered  in person;  (b) on the date of  transmission  when
delivered by facsimile  transmission (provided such transmission is confirmed by
transmission  receipt and such notice is promptly  confirmed by some other means
described herein);  and/or (c) the next business day after the same is deposited
with  a  nationally   recognized  overnight  delivery  service  that  guarantees
overnight delivery;  provided, however, if the days such notice, demand, request
or communication  will be deemed to have been given and received as aforesaid is
not a business day, such notice, demand, request or communication will be deemed
to have been given and received on the next business day.

        Any party to this  Agreement  may change  such  parties  address for the
purpose of notice,  demands,  requests and communications  required or permitted
under this  Agreement by providing  written  notice of such change of address to
all of the parties by written notice as provided herein.

        3. INTERPRETATION. The parties acknowledge to each other than each party
has reviewed and participated in the negotiation of this Agreement. Accordingly,
the normal rule of  construction to the effect that any ambiguities are resolved
against the drafting  party will not be employed in the  interpretation  of this
Agreement.

                                       5
<PAGE>

        4.  INCORPORATION.  The  Recitals,  all exhibits and  schedules  attache
hereto,  or to be attached  hereto,  and all other  agreements  and  instruments
referred to herein are hereby  incorporated  by reference into this Agreement as
fully as if copied herein verbatim.

        5. FURTHER  ASSURANCES.  The parties  further agree that,  upon request,
they  will do such  further  acts and  deeds  and will  executive,  acknowledge,
deliver and record such other  documents  and  instruments  as may be reasonably
necessary  from time to time to  evidence,  confirm  or carry out the intent and
purpose of this Agreement.

        6.  LAWFUL  AUTHORITY.  If  any  party  executing  this  Agreement  is a
corporation or limited liability company,  the individual executing on behalf of
the corporation or limited liability  company hereby  personally  represents and
warrants to all other  parties that he/she has been fully  authorized to execute
and deliver this Agreement on behalf of: (a) the corporation  pursuant to a duly
adopted resolution of its Board of Directors, or by virtue of its bylaws; or (b)
the limited  liability  company  pursuant to a duly  adopted  resolution  of its
members or by virtue of its operation agreement.

        7. ATTORNEYS  FEES. If any legal action or other  proceeding  (including
arbitration  pursuant to this  Agreement) is brought for the enforcement of this
Agreement,   or   because   of  any   alleged   dispute,   breach,   default  or
misrepresentation  in  connection  with any  provisions of this  Agreement,  the
prevailing  party will be entitled to recover  reasonable  attorneys fees, court
costs and all  reasonable  expenses,  even if not taxable or assessable as court
costs (including, without limitation, all such fees, costs and expenses incident
to appeal) incurred in that action or proceeding in addition to any other relief
to which such party may be entitled.

        8. WAIVERS AND CONSENTS.

           (1) Each and every waiver of any provision of this  Agreement must be
in writing and signed by each party whose  interests are  adversely  affected by
such waiver.

           (2) Unless otherwise  expressly  provided in a waiver, no such waiver
granted in any one instance will be construed as a continuing  waiver applicable
in any other instance.

           (3) No waiver by any party to this  Agreement  to or of any breach or
default by any other party to this  Agreement in the  performance  by such other
party of its obligations hereunder will be deemed or construed to be a waiver of
any  breach  or  default  of any  other  party  of the  same  or any  subsequent
obligations hereunder.

           (4) Subject to applicable statutes of limitation,  the failure on the
part of any party to this  Agreement to complain of any act or failure to act of
any other  party to this  Agreement  or to declare  such other party in default,
irrespective of how long such failure  continues,  shall not constitute a waiver
by the non-defaulting party of its rights hereunder.

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<PAGE>

           (5) Each and every consent by any party to this  Agreement must be in
writing  signed by the party to be bound  thereby.  No consent will be deemed or
construed to be a consent to any action except as described in such writing.

        9. SECTION  HEADINGS.  The Section headings  contained in this Agreement
are for reference  purposes only and will not affect the  interpretation of this
Agreement.

        10.  GOVERNING  LAW.  This  Agreement  will be governed in all respects,
including  validity,  interpretation  and effect by, and will be  enforceable in
accordance  with,  the internal  laws of the State of Oregon  without  regard to
conflicts of laws principles.

        11.  SEVERABILITY.  If any  provision  of this  Agreement  is held to be
unlawful, invalid or unenforceable under present or future laws effective during
the term hereof, such provision will be fully severable, and this Agreement will
be construed and enforced  without  giving effect to such  unlawful,  invalid or
unenforceable  provision.  Furthermore,  if any  provision of this  Agreement is
capable of two (2) constructions,  one of which would render the provision void,
and the other which would render the provision  valid,  then the provision  will
have the meaning which renders it valid.

        12.  COUNTERPART  EXECUTION.  This Agreement may be executed in multiple
counterparts,  each one of which  will be deemed an  original,  but all of which
will be considered  together as one and the same instrument.  Further, in making
proof of this Agreement, it will not be necessary to produce or account for more
than one (1) such  counterpart.  Provided  all parties  have signed at least one
counterpart, the execution by a party of a signature page hereto will constitute
due  execution  and will  create a valid,  binding  obligation  of the  party so
signing,  and it will not be necessary or required  that the  signatures  of all
parties appear on a single signature page hereto.

        13.  AMENDMENTS.  Each and  every  modification  and  amendment  of this
Agreement must be in writing and except as otherwise provided herein,  signed by
all the parties hereto.

        14.  ENTIRE  AGREEMENT.  This  Agreement  contains the entire  agreement
between the parties  regarding the subject matter hereof.  Any prior agreements,
discussions or representations not expressly contained in this Agreement will be
deemed to be replaced by the provisions  hereof,  and no party has relied on any
such prior agreements,  discussions or  representations  as an inducement to the
execution hereof.

        15.  RULES  OF  CONSTRUCTION.  (a) All  terms in this  Agreement  in the
singular and plural will have  comparable  meanings  when used in the plural and
vice-versa unless otherwise specified;  (b) the words hereof, herein,  hereunder
and words of  similar  import  when used in this  Agreement,  will refer to this
Agreement as a whole and not any particular  provision of this Agreement and all
references to articles,  section and subdivisions  thereof are to this Agreement
unless otherwise specified;  (c) the words include,  includes and including will
be deemed to be followed by the phrase without limitation;  (d) all pronouns and
any variations thereof will be deemed to refer to masculine, feminine or neuter,

                                       7
<PAGE>

singular or plural,  as the identity of the individual,  individuals,  entity or
entities may require; (e) all references to documents,  contracts, agreements or
instruments will include any and all supplements and amendments thereto; and (f)
all  accounting  terms not  specifically  defined  herein will be  construed  in
accordance with generally accepted  accounting  principles or generally accepted
auditing standards then applied in the United States.

        16.  FORUM  SELECTION.  EXCEPT OT THE EXTENT THE COURTS IN NEVADA DO NOT
HAVE SUBJECT  MATTER  JURISDICTION,  FINDER AND TSET DO HEREBY  IRREVOCABLY  AND
UNCONDITIONALLY  SUBMIT TO THE SOLE AND EXCLUSIVE  JURISDICTION OF THE COURTS OF
THE STATE OF OREGON AND DO FURTHER IRREVOCABLY AND UNCONDITIONALLY STIPULATE AND
AGREE  THAT THE  FEDERAL  COURTS IN THE  STATE OF OREGON OR THE STATE  COURTS OF
OREGON WILL HAVE JURISDICTION TO HEAR AND FINALLY DETERMINE ANY DISPUTE,  CLAIM,
CONTROVERSY OR ACTION ARISING OUT OF OR CONNECTED  (DIRECTLY OR INDIRECTLY) WITH
THIS  AGREEMENT  THAT IS NOT  SUBJECT  TO  ARBITRATION,  OR TO ENTER A  JUDGMENT
CONSISTENT  WITH  ANY  ARBITRATION   AWARD.   FINDER  AND  TSET  FURTHER  HEREBY
IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY AND ALL OBJECTIONS OR DEFENSES TO SAID
JURISDICTION.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY
AGREES THAT SERVICE UPON ANY PARTY HERETO SHALL BE MADE BY DELIVERY VIA PRIORITY
OVERNIGHT  DELIVERY (E.G.,  FEDEX) AND BY FACSIMILE OF A COPY OF SUCH PROCESS TO
THE  ADDRESS  OF SUCH  PARTY  FOR  NOTICES  TO SUCH  PARTY AS SET  FORTH IN THIS
AGREEMENT LETTER (OR SUCH DIFFERENT ADDRESS AT SUCH PARTY WILL HEREAFTER SPECIFY
IN  ACCORDANCE  WITH THE TERMS OF THIS  AGREEMENT).  THE FOREGOING  CONSENT,  IN
ADVANCE, TO THE JURISDICTION OF THE AFOREMENTIONED COURTS AND THE AFOREMENTIONED
METHOD OF SERVICE ARE MATERIAL  INDUCEMENTS FOR THE PARTIES HERETO TO ENTER INTO
THIS AGREEMENT.

        17.  PERSONAL  NATURE  OF  UNDERTAKING.  Finder  acknowledges  that  the
engagement  of Finder's  services  hereunder by TSET is personal to Finder,  and
such  services  shall not be delegated or assigned to any other Person or Finder
without  TSET's express prior written  consent,  which may be withheld in TSET's
sole and absolute discretion. [COUNTERPART SIGNATURE PAGE() FOLLOW]

                                       8
<PAGE>

                       COUNTERPART SIGNATURE PAGE TO FINDERS AGREEMENT

        IN WITNESS  WHEREOF,  the parties have executed  this Finders  Agreement
effective as of the date signed by the parties, as shown below:

                              TSET:

                                      By:     /S/ JEFFREY D. WILSON
                                         --------------------------
                                              Jeffrey D. Wilson, Chairman and
                                              Chief Executive Officer
                                      Date:   /S/ 7/17/01

                             FINDER:

                                      By:     /S/ JOHN S. BOWLES
                                         -----------------------
                                      Name:   /s/ John S. Bowles
                                      Date:   /S/ 6/27/2001

                                       9
<PAGE>

ATTACHMENT A                                   AUTHORIZED FINDER INVESTORS

NewEnterprise Associates
Edison Venture Capital
Tucker Cleary
PMG Capital
Red Leaf
Venture House

Allied Capital Corporation
ECentury Capital
Chartwell Partner
The Grosvenor Fund
Toucan Capital Corp.
Wilson Bennett LLC

                                       10
<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}]]