Document:

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                                                                    EXHIBIT 4.18

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OF
THE UNITED STATES. THE SECURITIES REPRESENTED HEREBY MAY NOT BE OFFERED OR SOLD
OR OTHERWISE TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
FOR THE SECURITIES UNDER APPLICABLE SECURITIES LAWS OR UNLESS OFFERED, SOLD OR
TRANSFERRED PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THOSE LAWS.

COMMON STOCK PURCHASE WARRANT CERTIFICATE

Dated:  June 13, 1999

to Purchase 90,000 Shares of Common Stock of

COYOTE NETWORK SYSTEMS, INC.

               COYOTE NETWORK SYSTEMS, INC. a Delaware corporation (the
"Company"), hereby certifies that Prinvest Corp. and/or any of its affiliates
("Prinvest"), its permissible transferees, designees, successors and assigns
(collectively, the "Holder"), for value received, is entitled to purchase from
the Company at any time before June 13, 2002, up to 90,000 shares (each a
"Share" and collectively the "Shares") of the Company's common stock, $1.00 par
value per share (the "Common Stock"), at an exercise price (the "Exercise
Price") per Share of:

      (1) Category 1: For 30,000 shares, $3.563/share (calculated by the last
trade price of the Company's common stock on February 23, 1999, minus $2.00);

      (2) Category 2: For 30,000 shares, $5.563/share (calculated by the last
trade price of the Company's common stock on February 23, 1999);

      (3) Category 3: For 30,000 shares, $7.563/share (calculated by the last
trade price of the Company's common stock on February 23, 1999, plus $2.00).

The number of Shares purchasable hereunder and the Exercise Price are subject to
adjustment as provided in Section 5 hereof.

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     1. Condition Precedent. The warrants represented by this Common Stock
Purchase Warrant Certificate (the "Warrant Certificate" or "Certificate")shall
not be eligible for exercise and the Company shall be under no obligation to
honor any attempted exercise until the Company has received a countersigned
original of this Certificate.

      2. Exercise of Warrants.

         (a) General. Upon presentation and surrender of this Warrant
Certificate, or a lost certificate affidavit in form reasonably acceptable to
the Company, accompanied by a completed Election to Purchase in the form
attached hereto as Exhibit A (the "Election to Purchase") duly executed, at the
office of the Company at 4360 Park Terrace Drive, Westlake Village, CA 91361,
Attn: President., together with a check payable to the Company in the amount of
the Exercise Price multiplied by the number of Shares being purchased, the
Company or the Company's Transfer Agent as the case may be, shall, within three
(3) trading day of receipt of the foregoing, deliver to the Holder hereof,
certificates of fully paid and non-assessable Common Stock which in the
aggregate represent the number of Shares being purchased. The certificates so
delivered shall be in such denominations as may be reasonably requested by the
Holder and shall be registered in the name of the Holder, or such other name as
shall be designated by the Holder (provided that the Holder supplies the Company
with a legal opinion of counsel, acceptable to the Company and its counsel, that
the issuance of the certificate to other than the Holder is permitted under
applicable federal and state securities laws and does not affect the exemption
from registration relied upon by the Company in this offering). All or less than
all of the Warrants represented by this Certificate may be exercised and, in
case of the exercise of less than all, the Company, upon receipt of this Warrant
Certificate, will at the Company's expense deliver to the Holder, a new Warrant
Certificate or Certificates (in such denominations as may be requested by the
Holder) of like tenor, containing the same terms as this Warrant Certificate and
dated the date hereof entitling the Holder to purchase the number of Shares
represented by this Certificate which have not been exercised.

      3. Exchange, Transfer and Replacement. At any time prior to the exercise
hereof, this Certificate may be exchanged upon presentation and surrender to the
Company, alone or with other Certificates of like tenor of different
denominations registered in the name of the same Holder, for another Certificate
or Certificates of like tenor, containing the same terms as the Warrant
Certificate, in the name of such Holder, exercisable for the aggregate number of
Shares as provided in the Certificate or Certificates surrendered.

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         (b) Replacement of Warrant Certificate. Upon receipt of evidence
reasonably satisfactory to the Company of the loss, theft, destruction, or
mutilation of this Warrant Certificate and, in the case of any such loss, theft,
or destruction, upon delivery of an indemnity agreement reasonably satisfactory
in form and amount to the Company, or, in the case of any such mutilation, upon
surrender and cancellation of this Warrant Certificate, the Company, at its
expense, will execute and deliver in lieu thereof, a new Warrant Certificate of
like tenor and containing the same terms and conditions as this Warrant
Certificate.

         (c) Cancellation; Payment of Expenses. Upon the surrender of this
Warrant Certificate to the Company in connection with any transfer, exchange or
replacement as provided in this Section 2, this Warrant Certificate shall be
promptly canceled by the Company. The Company shall pay all taxes (other than
securities transfer taxes and the Holder's income taxes) and all other expenses
(other than legal expenses, if any, incurred by the Holder as any transferees)
and charges payable in connection with the preparation, execution and delivery
of Warrant Certificates pursuant to this Section 2.

         (d) Warrant Register. The Company shall maintain, at its principal
executive offices (or at the offices of the transfer agent for the Warrant
Certificate or such other office or agency of the Company as it may designate by
notice to the holder hereof), a register for this Warrant Certificate (the
"Warrant Register"), in which the Company shall record the name and address of
the entity in whose name this Warrant Certificate has been issued, as well as
the name and address of each permitted transferee and each prior owner of this
Warrant Certificate.

      4. Rights and Obligations of Holders of this Certificate. The Holder of
this Certificate shall not, by virtue hereof, be entitled to any rights of a
stockholder in the Company, either at law or in equity; provided, however, that
in the event any certificate representing shares of Common Stock or other
securities is issued to the Holder hereof upon exercise of some or all of the
Warrants, such Holder shall, for all purposes, be deemed to have become the
holder of record of such Common Stock on the date on which this Certificate,
together with a duly executed Purchase Form, was surrendered and payment of the
aggregate Exercise Price was made, irrespective of the date of delivery of such
share certificate.

      5. Adjustments.

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         (a) Stock Dividends, Reclassifications, Recapitalizations, Etc. In the
event the Company: (i) pays a dividend in Common Stock or makes a distribution
in Common Stock, (ii) subdivides its outstanding Common Stock into a greater
number of shares, (iii) combines its outstanding Common Stock into a smaller
number of shares or (iv) increases or decreases the number of shares of Common
Stock outstanding by reclassification of its Common Stock (including a
recapitalization in connection with a consolidation or merger in which the
Company is the continuing corporation), then (1) the Exercise Price on the
record date of such division or distribution or the effective date of such
action shall be adjusted by multiplying such Exercise Price by a fraction, the
numerator of which is the number of shares of Common Stock outstanding
immediately before such event and the denominator of which is the number of
shares of Common Stock outstanding immediately after such event, and (2) the
number of shares of Common Stock for which this Warrant Certificate may be
exercised immediately before such event shall be adjusted by multiplying such
number by a fraction, the numerator of which is the Exercise Price immediately
before such event and the denominator of which is the Exercise Price immediately
after such event.

         (b) Cash Dividends and Other Distributions. In the event that at any
time or from time to time the Company shall distribute to all holders of Common
Stock (i) any dividend or other distribution of cash, evidences of its
indebtedness, shares of its capital stock or any other properties or securities
or (ii) any options, warrants or other rights to subscribe for or purchase any
of the foregoing (other than in each case, (w) the issuance of any rights under
a shareholder rights plan, (x) any dividend or distribution described in Section
5(a), (y) any rights, options, warrants or securities described in Section 5(c)
and (z) any cash dividends or other cash distributions from current earnings),
then the number of shares of Common Stock issuable upon the exercise of each
Warrant Certificate shall be increased to a number determined by multiplying the
number of shares of Common Stock issuable upon the exercise of such Warrant
Certificate immediately prior to the record date for any such dividend or
distribution by a fraction, the numerator of which shall be such Current Market
Value (as hereinafter defined) per share of Common Stock on the record date for
such dividend or distribution, and the denominator of which shall be such
Current Market Value per share of Common Stock on the record date for such
dividend or distribution less the sum of (x) the amount of cash, if any,
distributed per share of Common Stock and (y) the fair value (as determined in
good faith by the Board of Directors of the Company, whose determination shall
be evidenced by a board resolution, a copy of which will be sent to the Holders
upon request) of the portion, if any, of the distribution applicable to one
share of Common Stock consisting of evidences of indebtedness, shares of stock,
securities, other property,

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warrants, options or subscription or purchase rights; and the Exercise Price
shall be adjusted to a number determined by dividing the Exercise Price
immediately prior to such record date by the above fraction. Such adjustments
shall be made whenever any distribution is made and shall become effective as of
the date of distribution, retroactive to the record date for any such
distribution. No adjustment shall be made pursuant to this Section 5(b) which
shall have the effect of decreasing the number of shares of Common Stock
issuable upon exercise of each Warrant Certificate or increasing the Exercise
Price.

         (c) Rights Issue. In the event that at any time or from time to time
the Company shall issue rights, options or warrants entitling the holders
thereof to subscribe for shares of Common Stock, or securities convertible into
or exchangeable or exercisable for Common Stock to all holders of Common Stock
(other than in connection with the adoption or implementation of a shareholder
rights plan by the Company or in connection with existing or future employee
stock option plans approved by the Board of Directors of the Company) without
any charge, entitling such holders to subscribe for or purchase shares of Common
Stock at a price per share that as of the record date for such issuance is less
than the then Current Market Value per share of Common Stock, the number of
shares of Common Stock issuable upon the exercise of each Warrant Certificate
shall be increased to a number determined by multiplying the number of shares of
Common Stock theretofore issuable upon exercise of each Warrant Certificate by a
fraction, the numerator of which shall be the number of shares of Common Stock
outstanding on the date of issuance of such rights, options, warrant or
securities plus the number of additional shares of Common Stock offered for
subscription or purchase or into or for which such securities that are issued
are convertible, exchangeable or exercisable, and the denominator of which shall
be the number of shares of Common Stock outstanding on the date of issuance of
such rights, option, warrants or securities plus the total number of shares of
Common Stock which the aggregate consideration expected to be received by the
Company (assuming the exercise or conversion of all such rights, options,
warrants or securities) would purchase at the then Current Market Value per
share of Common Stock. In the event of any such adjustment, the Exercise Price
shall be adjusted to a number determined by dividing the Exercise price
immediately prior to such date of issuance by the aforementioned fraction. Such
adjustment shall be made immediately after such rights, options or warrants are
issued and shall become effective, retroactive to the record date for the
determination of stockholders entitled to receive such rights, options, warrants
or securities. No adjustment shall be made pursuant to this Section 4(c) which
shall have the effect of decreasing the number of shares of Common Stock
purchasable upon exercise of each Warrant Certificate or of increasing the
Exercise Price.

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         (d) Combination: Liquidation.

             (i) Except as provided in Section 5(d)(ii) below, in the event of a
Combination (as defined below), each Holder shall have the right to receive upon
exercise of the Warrant Certificates the kind and amount of shares of capital
stock or other securities or property which such Holder would have been entitled
to receive upon or as a result of such Combination had such Warrant Certificate
been exercised immediately prior to such event (subject to further adjustment in
accordance with the terms hereof). Unless paragraph (ii) is applicable to a
Combination, the Company shall provide that the surviving or acquiring Person
(the "Successor Company") in such Combination, if it is other than the Company,
will assume by written instrument the obligations under this Warrant Certificate
and the obligation to deliver to the Holder such shares of stock, securities or
assets as, in accordance with the foregoing provisions, the Holder may be
entitled to acquire. The provisions of this Section 5(d)(i) shall similarly
apply to successive Combinations involving any Successor Company. "Combination"
means an event in which the Company consolidates with, mergers with or into, or
sells all or substantially all of its assets to another Person, where "Person"
means any individual, corporation, partnership, joint venture, limited liability
company, association, joint-stock company, trust, unincorporated organization,
government or any agency or political subdivision thereof or any other entity.

             (ii) In the event of (x) a Combination where consideration to the
holders of Common Stock in exchange for their shares is payable solely in cash
or (y) the dissolution, liquidation or winding-up of the Company, the Holder
shall be entitled to receive, upon surrender of this Warrant Certificate,
distributions on an equal basis with the holders of Common Stock or other
securities issuable upon exercise of the Warrant Certificates, as if the Warrant
Certificates had been exercised immediately prior to such event, less the
Exercise Price. In case of any Combination described in this Section 5(d)(ii),
the surviving or acquiring Person and, in the event of any dissolution,
liquidation or winding-up of the Company, the Company, shall deposit promptly
following the consummation of such combination or at the time of such
dissolution, liquidation or winding-up with an agent or trustee for the benefit
of the Holder, the funds, if any, necessary to pay to the Holder the amounts to
which it is entitled as described above. After such funds and the surrendered
Warrant Certificate is received, the Company is required to deliver a check in
such amount as is appropriate (or, in the case of consideration other than cash,
such other consideration as is appropriate) to such Person or Persons as it may
be directed in writing by the Holder surrendering the Warrant Certificate.

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         (e) Notice of Adjustment. Whenever the Exercise Price or the number of
shares of Common Stock and other property, if any, issuable upon exercise of the
Warrant Certificate is adjusted, as provided in this Section 5, the Company
shall deliver to the Holder of the Warrant Certificate in accordance with
Section 11, a certificate of the Company's Chief Financial Officer setting
forth, in reasonable detail, the event requiring the adjustment and the method
by which such adjustment was calculated (including a description of the basis on
which (i) the Board of Directors determined the fair value of any evidences of
indebtedness, other securities or property or warrants, options or other
subscription or purchase rights and (ii) the Current Market Value of the common
Stock was determined, if either of such determinations were required), and
specifying the Exercise Price and number of shares of Common Stock issuable upon
exercise of Warrant Certificate after giving effect to such adjustment.

         (f) Notice of Certain Transactions. In the event that the Company shall
propose (a) to pay any dividend payable in securities of any class to the
holders of its Common Stock or to make any other non-cash dividend or
distribution to the holders of its Common Stock, (b) to offer the holders of its
Common Stock rights to subscribe for or to purchase any securities convertible
into shares of Common Stock or shares of stock of any class or any other
securities, rights or options, (c) to effect any capital reorganization,
reclassification, consolidation or merger affecting the class of Common Stock,
as a whole, or (d) to effect the voluntary or involuntary dissolution,
liquidation or winding-up of the Company, the Company shall, within the time
limits specified below, send to the Holder a notice of such proposed action or
offer. Such notice shall be mailed to the Holder at the address as it appears in
the Warrant Register (as defined in Section 2(d)), which notice shall specify
the record date for and the purposes of such dividend, distribution or rights,
or the date such issuance or event is to take place and the date of
participation therein by the holders of Common Stock, if any such date is to be
fixed, and shall briefly indicate the effect of such action on the number of
shares of Common Stock and on the number and kind of any other shares of stock
and on other property, if any, and the number of shares of Common Stock and
other property, if any, issuable upon exercise of this Warrant Certificate and
the Exercise Price after giving effect to any adjustment pursuant to Section 5
which will be required as a result of such action. Such notice shall be given as
promptly as possible and (x) in the case of any action covered by clause (a) or
(b) above, at least 10 days prior to the record date for determining holders of
the Common Stock for purposes of such action or (y) in the case of any other
such action, at least 20 days prior to the date of the taking of such proposed
action or the

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date of participation therein by the holders of Common Stock, whichever shall be
the earlier.

         (g) Current Market Value. "Current Market Value" per share of Common
Stock or any other security at any date means (i) if the security is not
registered under the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), the value of the security, determined in good faith by the Board of
Directors of the Company or (ii) if the security is registered under the
Exchange Act, the average of the daily closing bid prices (or the equivalent in
an over-the-counter market) for each day on which the Common Stock is traded for
any period on the principal securities exchange or other securities market on
which the common Stock is being traded (each, a "Trading Day") during the period
commencing ten (10) Trading Days before such date and ending on the date one
trading day prior to such date, or if the security has been registered under the
Exchange Act for less than ten (10) consecutive Trading Days before such date,
the average of the daily closing bid prices (or such equivalent) for all of the
Trading Days before such date for which daily closing bid prices are available;
provided, however, that if the closing bid price is not determinable for at
least five (5) Trading Days in such period, the "Current Market Value" of the
security shall be determined as if the security were not registered under the
Exchange Act.

         (h) No Impairment of Holder's Rights. The Company will not, by
amendment of its certificate of incorporation or bylaws or through any
reorganization, transfer of assets, consolidation, merger, dissolution, issue or
sale of securities or any other voluntary action, except as contemplated hereby,
avoid or seek to avoid the observance or performance of any of the terms of this
Warrant Certificate, but will at all times in good faith assist in the carrying
out of all such terms and in the taking of all action as may be necessary or
appropriate in order to protect the rights of the Holder against dilution or
other impairment.

      6. Registration Rights. If, at any time while this Warrant Certificate is
exercisable or the Holder owns any shares of the Company's Common Stock received
upon exercise of this Warrant Certificate and such shares are not tradable
pursuant to the provisions of Rule 144 under the Securities Act of 1933, as
amended, the Company decides to register any of its securities for its own
account or for the account of others (excluding registrations relating to equity
securities to be issued solely in connection with an acquisition of any entity
or business or in connection with stock option or other employee benefit plans),
the Company will promptly give the Holder written notice thereof, and will use
its reasonable efforts to include in such registration all or any part of the
shares which may be received (or have previously been received) upon exercise of
this Warrant Certificate so

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requested by such Holder (excluding any Registrable Securities previously
included in a Registration Statement). The Holder's request for registration
must be given to the Company in writing within ten (10) days after receipt of
the notice from the Company. If the registration for which the Company gives
notice is a public offering involving an underwriting, the Company will so
advise the Holder as part of the above-described written notice. In such event,
if the managing underwriter(s) of the public offering impose a limitation on the
number of shares of Common Stock which may be included in the registration
statement because, in such underwriter(s)' judgment, such limitation would be
necessary to effect an orderly public distribution, then the Company will be
obligated to include only such limited portion, if any, of the shares requested
by the Holder which the managing underwriter(s) deems appropriate giving first
preference to the shares to be sold by the Company.

      7. Issuance of Certificates. Within three (3) trading days of receipt of a
duly completed Election to Purchase form, together with this Certificate and
payment of the Exercise Price, the Company, at its expense, will cause to be
issued in the name of and delivered to the Holder of this Warrant Certificate, a
certificate or certificates for the number of fully paid and non-assessable
shares of Common Stock to which that holder shall be entitled on such exercise.
In lieu of issuance of a fractional share upon any exercise hereunder, the
Company will pay the cash value of that fractional share, calculated on the
basis of the Exercise Price. Prior to registration of the resale of the shares
of Common Stock underlying this Warrant Certificate, all such certificates shall
bear a restrictive legend to the effect that the Shares represented by such
certificate have not been registered under the 1933 Act, and that the Shares may
not be sold or transferred in the absence of such registration or an exemption
therefrom, such legend to be substantially in the form of the bold-face language
appearing at the top of Page 1 of this Warrant Certificate.

      8. Disposition of Warrants or Shares. The Holder of this Warrant
Certificate, each transferee hereof and any holder and transferee of any Shares,
by his or its acceptance thereof, agrees that no public distribution of Warrants
or Shares will be made in violation of the provisions of the 1933 Act.
Furthermore, it shall be a condition to the transfer of this Warrant Certificate
that any transferee thereof deliver to the Company his or its written agreement
to accept and be bound by all of the relevant terms and conditions contained in
this Warrant Certificate.

      9. Merger or Consolidation. The Company will not merge or consolidate with
or into any other corporation, or sell or otherwise transfer its property,
assets and business substantially as an entirety to another corporation,

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unless the corporation resulting from such merger or consolidation (if not the
Company), or such transferee corporation, as the case may be, shall expressly
assume, by supplemental agreement reasonably satisfactory in form and substance
to the Holder, the due and punctual performance and observance of each and every
covenant and condition of this Warrant Certificate to be performed and observed
by the Company.

      10. Notices. Except as otherwise specified herein to the contrary, all
notices, requests, demands and other communications required or desired to be
given hereunder shall only be effective if given in writing by certified or
registered U.S. mail with return receipt requested and postage prepaid; by
private overnight delivery service (e.g. Federal Express); by facsimile
transmission (if no original documents or instruments must accompany the
notice); or by personal delivery. Any such notice shall be deemed to have been
given (a) on the business day immediately following the mailing thereof, if
mailed by certified or registered U.S. mail as specified above; (b) on the
business day immediately following deposit with a private overnight delivery
service if sent by said service; (c) upon receipt of confirmation of
transmission if sent by facsimile transmission; or (d) upon personal delivery of
the notice. All such notices shall be sent to the following addresses (or to
such other address or addresses as a party may have advised the other in the
manner provided in this Section 10):

If to the Company:

Coyote Network Systems, Inc.
4360 Park Terrace Drive
Westlake Village, CA   91361
Attention:  President

with a copy to:

Reinhart, Boerner, Van Deuren, et al.
1700 Lincoln Street, Suite 3725
Denver, CO   80203
Attention:  Timothy G. Atkinson, Esq.

If to Holder:

Prinvest Corp.
3 Princess Road
Lawrenceville, NJ  08640

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Attention:  Kevin L. Hartzel

With a copy to:

Oppenheimer Wolff & Donnelly, LLP
153 E. 53rd Street, 26th Floor
New York, NY  10022
Attention:  Ronald S. Beacher, Esq.

Notwithstanding the time of effectiveness of notices set forth in this Section,
an Election to Purchase shall not be deemed effectively given until it has been
duly completed and submitted to the Company together with the original Warrant
Certificate to be exercised and payment of the Exercise Price in the manner set
forth in this Warrant Certificate.

      11. Successors and Assigns. This Warrant Certificate shall be binding upon
and shall inure to the benefit of the parties hereto and their respective
successors and permitted assigns.

      12. Headings. The headings of various sections of this Warrant Certificate
have been inserted for reference only and shall not affect the meaning or
construction of any of the provisions hereof.

      13. Severability. If any provision of this Warrant Certificate is held to
be unenforceable under applicable law, such provision shall be excluded from
this Warrant Certificate, and the balance hereof shall be interpreted as if such
provision were so excluded.

      14. No Short Sales. Holder agrees that so long as it possesses Warrant
under this Warrant Certificate, it will not engage in any short sales of the
Company's Common Stock, "short sales against the box," or any similar hedged
trading of the Company's Common Stock.

      15. Modification and Waiver. This Warrant Certificate and any provision
hereof may be amended, waived, discharged or terminated only by an instrument in
writing signed by the Company and the Holder.

      16. Specific Enforcement. The Company and the Holder acknowledge and agree
that irreparable damage would occur in the event that any of the provisions of
this Warrant Certificate were not performed in accordance with their specific
terms or were otherwise breached. It is accordingly agreed that the parties

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shall be entitled to an injunction or injunctions to prevent or cure breaches of
the provisions of this Warrant Certificate and to enforce specifically the terms
and provisions hereof, this being in addition to any other remedy to which
either of them may be entitled by law or equity.

      17. Assignment. This Warrant Certificate may not be transferred or
assigned, in whole or in part, without the prior written consent of the Company.
Notwithstanding the foregoing, Prinvest may transfer or assign this Warrant
Certificate, in whole or in part, to any affiliate of Prinvest, without the
prior written consent of the Company.

      IN WITNESS WHEREOF, the Company has caused this Warrant Certificate to be
duly executed, manually or by facsimile, by one of its officers thereunto duly
authorized.

                                        COYOTE NETWORK SYSTEMS, INC.

Date:_________________                  By:_____________________________________
                                              Name:
                                              Title:

                                        PRINVEST CORPORATION

                                        By:_____________________________________
                                              Name:
                                              Title:

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ELECTION TO PURCHASE

To Be Executed by the Holder
in Order to Exercise the Common Stock
Purchase Warrant Certificate

      The undersigned Holder hereby elects to exercise _______ of the Warrants
represented by the attached Common Stock Purchase Warrant Certificate, and to
purchase the shares of Common Stock issuable upon the exercise of such Warrants,
and requests that certificates for securities be issued in the name of:

               ----------------------------------------------------------
                     (Please type or print name and address)
               ----------------------------------------------------------
               ----------------------------------------------------------
               ----------------------------------------------------------
                 (Social Security or Tax Identification Number)
and delivered
to:_____________________________________________________________________________
_______________________________________________________________________________.
         (Please type or print name and address if different from above)

If such number of Warrants being exercised hereby shall not be all the Warrants
evidenced by the attached Common Stock Purchase Warrant Certificate, a new
Common Stock Purchase Warrant Certificate for the balance of such Warrants shall
be registered in the name of, and delivered to, the Holder at the address set
forth below.

            In full payment of the Exercise Price with respect to the
Warrants exercised and transfer taxes, if any, the undersigned hereby tenders
payment of $__________ by check, money order or wire transfer payable in United
States currency to the order of Coyote Network Systems, Inc.

                                           HOLDER:

Dated:_________________________            By:__________________________________
                                           Name:
                                           Title:
                                           Address:

                                       13<PAGE>   1

                                                                  EXHIBIT 10.33

                          FINANCIAL SERVICES AGREEMENT

            This Agreement (this "Agreement") is made as of this 31st day of
March, 2000, by and among COYOTE TECHNOLOGIES, LLC, a California limited
liability company with its principal office located in Westlake Village,
California ("CTL"), COYOTE NETWORK SYSTEMS, INC., a Delaware corporation with
offices located in Westlake Village, California ("Coyote") and FIRST VENTURE
LEASING, LLC, a Delaware limited liability company with its principal office
located in Stamford, Connecticut ("First Venture").

                                 R E C I T A L S

            WHEREAS, CTL seeks to arrange financing under credit programs for
their Customers;

            WHEREAS, CTL seeks to form an alliance with another company
possessing funding capabilities and expertise in the area of systems management,
credit programs, design, licensing and leasing programs to maximize efficiencies
and create economies of scale necessary to create and develop credit programs
for their Customers;

            WHEREAS, First Venture is engaged in the business of offering
certain leasing and other credit programs and desires to provide such financing
to CTL; and

            WHEREAS, Coyote, as CTL's parent, desires to provide First Venture
with incentives for the financing program.

            NOW, THEREFORE, in consideration of these premises and the mutual
covenants set forth herein, the parties hereby agree as follows:

                                    ARTICLE I

                                   DEFINITIONS

            The following terms shall have the following meanings for all
purposes of this Agreement, and such meanings shall be equally applicable to
both the singular and plural forms of the terms defined:

            "Affiliate" shall, with respect to a given Person, mean any other
Person directly or indirectly controlled by or under direct or indirect common
control with the Person specified.

            "Agreement" shall have the meaning given to such term in the
preamble hereto, as such agreement is amended and supplemented from time to time
in accordance with its terms.

            "Business Day" shall mean any day other than a Saturday, Sunday or
other day on which banking institutions in New York, Texas or California are
authorized or required by Law to be closed.

<PAGE>   2

            "Customers" shall mean any Person that is an end user of Products.

            "Finance Contracts" shall mean the agreements entered into by First
Venture in connection with the offering of various types of Services, including
forms of leases, guarantees, financing statements, loan agreements, security
agreements and other documents appropriate for the conducting of First Venture's
financing activities.

            "Information" shall have the meaning given to such term in Section
7.01 hereof.

            "Law" shall mean and include (a) any statute, decree, constitution,
regulation, order, judgment or other directive of any Regulatory Authority; (b)
any treaty, pact, compact or other agreement to which any Regulatory Authority
is a party; (c) any judicial or administrative interpretation or application of
any Law described in (a) or (b) above; and (d) any amendment or revision of any
Law described in (a), (b) or (c) above.

            "Operative Documents" shall mean this Agreement, the Remarketing
Agreement and any other agreements, documents or certificates executed and
delivered in connection with the transactions contemplated under this Agreement.

            "Person" means any individual, partnership, joint venture,
corporation, trust, unincorporated organization, government (and any department
or agency thereof) or other entity.

            "Products" shall mean any products (including, without limitation,
related software licenses, but not including real estate) and related
installation and maintenance services provided, furnished, manufactured, sold
and/or marketed by CTL, or any of its Affiliates which results in revenues or
income to CTL, or any of its Affiliates, and such additional goods or services
of CTL, or any of its Affiliates as the parties may from time to time agree.

            "Regulatory Authorities" shall mean any national government, or
political subdivision thereof or local jurisdiction therein, (b) any board,
commission, department, division, organ, instrumentality, court, or agency of
any entity described in (a) above, however constituted, and (c) any association,
organization, or institution of which any entity described in (a) or (b) above
is a member or to whose jurisdiction any such entity is subject or in whose
activities any such entity is a participant but only to the extent that any of
the preceding in clauses (a) - (c) have jurisdiction over the Products or its
operations.

            "Remarketing Agreement" shall mean the Master Remarketing
Agreements, dated as of the date hereof, between CTL and First Venture.

            "Services" shall mean the financing or leasing of Products to
Customers.

            "Subsidiary" shall mean, with respect to any Person, any other
Person which is directly or indirectly controlled by such Person. For purposes
of this definition, "control", as applied to any Person, means the possession,
directly or indirectly, of the power to vote a majority of the securities having
voting power for the election of directors (or other Persons acting in similar
capacities) of such Person or otherwise to direct or cause the direction of the

                                       2
<PAGE>   3

management and policies of such Person, whether through the ownership of voting
securities or by contract or otherwise.

                                   ARTICLE II

                 REPRESENTATIONS AND WARRANTIES OF FIRST VENTURE

            First Venture represents and warrants to CTL and Coyote as follows:

            2.01. Organization. First Venture is a limited liability company,
validly organized and existing under the laws of the jurisdiction of its
incorporation and has due corporate authority to conduct business in all
jurisdictions where it conducts business.

            2.02. No Conflict. The execution and delivery by First Venture of
this Agreement and the other Operative Documents to which it is a party and the
consummation of the transactions herein and therein contemplated do not violate
or constitute a breach or default under the organizational documents of First
Venture or under the terms and conditions of any documents, agreements or other
writings to which First Venture is a party, or under any law, or any applicable
order, which violation, breach or default could reasonably be expected to have a
material adverse effect on First Venture or prohibit it from entering into,
executing, delivering or performing its obligations under this Agreement.

            2.03. Authority. First Venture has the corporate power and corporate
authority to execute and deliver this Agreement and any Operative Document to
which it is a party and to perform its obligations hereunder and thereunder.
Such execution, delivery, performance and consummation have been duly authorized
by all necessary corporate action on its part. This Agreement has been duly
executed and delivered by its duly authorized officer, and constitutes its valid
and legally binding obligation enforceable against it in accordance with the
terms hereof, except as the same may be limited by (i) applicable bankruptcy,
reorganization, insolvency, moratorium or other similar laws from time to time
in effect affecting creditors' rights generally or (ii) equitable principles of
general application.

            2.04. Regulatory Authorities; Capabilities. First Venture possesses
all licenses and permits and other authorizations by Regulatory Authorities
necessary for the conduct of its business including the provision of the
Services to Customers, except those the lack of which would not have a material
adverse effect on its respective business or its ability to provide such
services. First Venture has not received notice from any Regulatory Authority
indicating that such Regulatory Authority would oppose or not grant or issue its
consent, if required, with respect to the transactions contemplated by this
Agreement and the other Operative Documents to which it is a party.

            2.05. No Filings Required. No action of, or filing with, or consent
of, any Regulatory Authority or any other third party is required by First
Venture to authorize, or is otherwise required in connection with, the
execution, delivery and performance by First Venture of this Agreement or the
other Operative Documents to which it is a party.

                                       3
<PAGE>   4

                                   ARTICLE III

                REPRESENTATIONS, WARRANTIES AND COVENANTS OF CTL

            CTL represents, warrants and covenants to First Venture as follows:

            3.01. Organization. CTL is a limited liability company, validly
organized and existing under the laws of the jurisdiction of its organization
and has due authority to conduct business in all jurisdictions where it conducts
business.

            3.02. No Conflict. The execution and delivery by CTL of this
Agreement and the other Operative Documents to which it is a party and the
consummation of the transactions herein and therein contemplated do not violate
or constitute a breach or default under the organizational documents of CTL or
under the terms and conditions of any documents, agreements or other writings to
which CTL is a party, or under any law, or any applicable order, which
violation, breach or default could reasonably be expected to have a material
adverse effect on CTL or prohibit it from entering into, executing, delivering
or performing its obligations under this Agreement.

            3.03. Authority. CTL has the power and authority to execute and
deliver this Agreement and any Operative Document to which it is a party and to
perform its obligations hereunder and thereunder. Such execution, delivery,
performance and consummation have been duly authorized by all necessary limited
liability company action on its part. This Agreement has been duly executed and
delivered by its duly authorized manager, and constitutes its valid and legally
binding obligation enforceable against it in accordance with the terms hereof,
except as the same may be limited by (i) applicable bankruptcy, reorganization,
insolvency, moratorium or other similar laws from time to time in effect
affecting creditors' rights generally or (ii) equitable principles of general
application.

            3.04. Regulatory Authorities; Capabilities. CTL possesses and shall
obtain and maintain all licenses and permits and other authorizations by
Regulatory Authorities necessary for the conduct of the Business, except those
the lack of which would not have a material adverse effect on its respective
business or its ability to provide such services. CTL has not received notice
from any Regulatory Authority indicating that such Regulatory Authority would
oppose or not grant or issue its consent, if required, with respect to the
transactions contemplated by this Agreement and the other Operative Documents to
which it is a party.

            3.05. No Filings Required. No action of, or filing with, or consent
of, any Regulatory Authority or any other third party is required by CTL to
authorize, or is otherwise required in connection with, the execution, delivery
and performance by CTL of this Agreement or the other Operative Documents to
which it is a party.

                                   ARTICLE IV

                    SERVICES, COMMITMENTS AND RELATED MATTERS

                                       4
<PAGE>   5

            4.01. First Venture Commitments. First Venture hereby commits to
fund leases for Customers in the amount of at least U.S. $50,000,000 during the
calendar year 2000. First Venture shall fully fund such leases without any
holdbacks. In addition, First Venture agrees to prepare all required lease
documentation, credit approve and qualify prospects, underwrite transactions and
provide post-closing management consulting to Customers.

            4.02. CTL Commitments. CTL hereby agrees to use its "best efforts"
to originate leases for Products valued at not less than U.S. $50,000,000 during
the calendar year 2000. In addition, CTL agrees to enter in to the Remarketing
Agreement in form and substance acceptable to First Venture and to provide a
guaranty to First Venture with respect to each Customer in accordance with
Section 4.03 below in an amount not less than 10% of the value of the Products
leased to each Customer. In addition, CTL agrees that it will (a) interface with
each Customer to obtain the required information for First Venture; (b) provide
the interface and support First Venture reasonably requires for purposes of
securing funding and closing the lease transactions; (c) provide post-closing
management and operational support through a separate services/outsourcing
agreement to be entered into; and (d) provide the outsourcing services
reasonably necessary to maintain the operational integrity of a Customer's
network in the event of a default by such Customer.

            4.03. CTL Guaranty. At First Venture's request, submitted in writing
prior to funding a Customer, CTL shall provide a guaranty to First Venture with
respect to each Customer in an amount not less than 10% of the value of the
Products leased to each Customer (the "CTL Guaranty"). The CTL Guaranty will be
in the form of a letter of credit or cash deposit. The CTL Guaranty with respect
to a Customer will be combined to form a "pool" to support such Customer's
lease(s) which have been funded by First Venture. The CTL Guaranty will provide
that, in the event of a default, while contingency plans are being implemented
and/or remarketing undertaken, First Venture can draw upon the CTL Guaranty to
make such Customer's monthly lease payments (or make up any shortfall) as and
when due.

                                    ARTICLE V

                               WARRANT INCENTIVES

            5.01. Initial Grants. In consideration of the $50,000,000 commitment
by First Venture and the funding of the first $11,300,000 for customers, Coyote
agrees to grant First Venture:

                (a) Three year warrants for the purchase of 620,000 shares of
Coyote Common Stock, at an exercise price of $5.00. The warrants shall be in the
form attached as exhibit A; and

                (b) Three year warrants for the purchase of 261,600 shares of
Coyote Common Stock, at an exercise price of $7.35. The warrants shall be in the
form attached as Exhibit B.

            5.02. Transfer. Coyote agrees that it will not unreasonably withhold
its consent to a transfer of warrants by First Venture; provided, however, that
First Venture certifies that

                                       5
<PAGE>   6

such transfer is exempt from registration under the Securities Act of 1933 and
applicable State regulations.

                                   ARTICLE VI

                  INDEMNIFICATION AND LIMITATIONS ON LIABILITY

            6.01. Indemnity Under This Agreement. From and after the date
hereof, CTL and First Venture shall each indemnify, defend and hold harmless the
other parties to this Agreement and their respective members, officers,
directors, agents, representatives and employees (with respect to any Claims
relating to (i) below) and CTL shall indemnify, defend and hold harmless First
Venture and its respective general partners, members, officers, agents,
representatives and employees (with respect to any Claims relating to (ii)
below; CTL and First Venture are referred to respectively in this Section 6.01
as the case may be as the "Indemnifying Party" and the party to whom such
indemnification obligation is owed is referred to in this Section 6.01 as the
"Indemnified Party"), from and against any and all actions, claims, losses,
costs, liabilities, and expenses (including reasonable attorneys' fees)
resulting from or arising out of (i) any breach by the Indemnifying Party of any
representation, warranty, or covenant by such Indemnifying Party in this
Agreement or (ii) any third party claims arising from the manufacture, sale,
delivery, maintenance, service or repair by CTL or any of its Affiliates of any
of the Products, or the condition, possession, return, disposition, use,
operation, performance or control of such Products (collectively, for purposes
of this Section 6.01 only, "Claims"), and will promptly reimburse any
Indemnified Party for all Claims as incurred in connection with the
investigation of, preparation for, or defense of any pending or threatened
action or proceeding (collectively, "Proceeding"), whether or not such
Indemnified Party is a formal party to any such Proceeding. Notwithstanding the
foregoing, the Indemnifying Party shall not be liable (a) for any amount paid by
or on behalf of an Indemnified Party in settlement of any Claim without the
consent of the Indemnifying Party (which consent shall not be unreasonably
withheld), (b) in respect of any losses, claims, damages, liabilities or
expenses that a court of competent jurisdiction shall have determined by final
judgment resulted primarily from the bad faith, negligence, or willful
misconduct of an Indemnified Party or (c) any Claim, to the extent the same
results from a breach by the Indemnified Party of its representations,
warranties or covenants in this Agreement. An Indemnified Party shall not,
without the prior written consent of the Indemnifying Party (which consent shall
not be unreasonably withheld), settle, compromise or consent to the entry of any
judgment in any pending or threatened Proceeding in respect of which
indemnification may be sought hereunder (whether or not the Indemnified Party is
an actual or potential party to such Proceeding), provided, however, that the
Indemnified Party may execute such settlement, compromise or consent to the
entry of judgment in any pending or threatened Proceeding if the same includes
an unconditional release of the Indemnifying Party hereunder from all liability
arising out of such Proceeding.

            6.02. Procedure. Promptly after a party to whom an indemnification
obligation is owed hereunder (an "Indemnified Party") receives notice of the
commencement of any Proceeding in respect of which indemnification may be sought
hereunder, the Indemnified Party will notify the party that is obligated to
indemnify hereunder (an "Indemnifying Party"); but the

                                       6
<PAGE>   7

omission to so notify the Indemnifying Party shall not relieve the Indemnifying
Party from any obligation hereunder unless, and only to the extent that, such
omission results in the Indemnifying Party's forfeiture of substantive rights or
defenses. If any such Proceeding shall be brought against the Indemnified Party,
the Indemnifying Party shall, upon written notice given reasonably promptly
following the Indemnified Party's notice to the Indemnifying Party of any such
Proceeding, be entitled to assume the defense thereof at its own expense with
counsel chosen by the Indemnifying Party and reasonably satisfactory to the
Indemnified Party; provided; however, that any Indemnified Party may, at its own
expense, retain separate counsel to participate in such defense.

            6.03. Limitation on Liability. IN NO EVENT SHALL ANY PARTY HERETO BE
LIABLE TO THE OTHER UNDER ANY THEORY OF TORT, CONTRACT, STRICT LIABILITY, OR
OTHER LEGAL OR EQUITABLE THEORY FOR ANY LOST PROFITS, EXEMPLARY, PUNITIVE,
SPECIAL, INCIDENTAL, INDIRECT OR CONSEQUENTIAL DAMAGES, EACH OF WHICH IS HEREBY
EXCLUDED BY AGREEMENT OF THE PARTIES REGARDLESS OF WHETHER ANY PARTY HERETO HAS
BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES; PROVIDED, HOWEVER, THAT THE
FOREGOING DOES NOT PRECLUDE ANY PARTY FROM BEING INDEMNIFIED AGAINST THIRD-PARTY
CLAIMS UNDER ANY OF THE FOREGOING THEORIES OR FOR ANY OF THE FOREGOING DAMAGES.

                                   ARTICLE VII

                       CONFIDENTIAL INFORMATION; PUBLICITY

            7.01. Confidential Information.

                (a) The parties agree that any and all technical, financial,
operations or business information including, but not limited to, customer data,
marketing plans, customer lists, customer information, customer account numbers,
the status of any account, pricing information, computer access codes,
instruction and/or procedural manuals, CTL's current operating policies and
manuals, information prepared for or used in the preparation of any operating
plan or credit, collections and operations manual of First Venture, or financial
data of any party ("Information") furnished or disclosed by any party to another
party shall be deemed the property of the disclosing party, and when in tangible
form, shall be returned by the receiving party to the disclosing party upon
request along with any copies as may be authorized herein.

                (b) "Information" shall not include: (i) information previously
known to the receiving party free of any obligation to keep it confidential as
evidenced by written records; (ii) information that has been or subsequently is
made public, through no wrongful act of the receiving party or any third party;
or (iii) information that is received from a third party without restriction and
without breach of this Agreement, other than information provided to such party
in connection with its performance of this Agreement or any other Operative
Document.

                (c) Each party agrees that it shall hold Information in
confidence and

                                       7
<PAGE>   8

shall not make disclosure of Information to anyone except such of its employees
or third party contractors or agents to whom such disclosure is necessary for
the purpose of and as permitted in performance of this Agreement, except in the
following circumstances: (i) to the extent necessary to comply with a specific
applicable Law or the valid final order of a court of competent jurisdiction in
which the party making the disclosure or communication shall notify the other
party in writing and shall seek confidential and proprietary treatment of the
information; (ii) as part of normal reporting or review procedures of such
party's Board of Directors, or managers, as applicable, parent company, auditors
and attorneys; provided, however, that such persons or entities agree to be
bound by the provisions of this paragraph; (iii) to enforce its rights legally
under this Agreement in a court of competent jurisdiction; (iv) as is customary
in connection with the sale, transfer, pledge, syndication, assignment and/or
securitization of Finance Contracts (and/or any accounts receivable or
collateral in connection therewith), so long as the party disclosing Information
in such circumstances obtains from such Persons to whom such Information is
disclosed, an agreement in the form of this Section 7.01, not to disclose such
Information; or (v) such information as is part of the public domain through
disclosure other than by or through such party. Each party shall appropriately
notify each employee, contractor, or agent to whom Information is disclosed that
any such disclosures are made in confidence and shall be kept in confidence by
such employee, contractor, or agent, and shall require any third party
contractor or agent to sign a written agreement to maintain the confidentiality
of the Information.

                (d) The obligations of the parties hereunder shall survive and
be enforceable by temporary and permanent injunctive relief against the
breaching party and its employees, officers, directors, agents, representatives,
and contractors notwithstanding any termination of this Agreement.

            7.02. Confidentiality of Agreement; Publicity.

                (a) Except as required by Law, in connection with any offering
of securities or otherwise, the parties shall keep confidential and not
disclose, and shall cause their officers, employees, and agents to keep
confidential and not disclose, any of the terms and conditions of this Agreement
or any of the Operative Documents to any third party without the prior written
consent of all other parties.

                (b) The obligations of the parties hereunder shall survive and
be enforceable by temporary and permanent injunctive relief against the
breaching party and its employees, officers, directors, agents, representatives,
and contractors notwithstanding any termination of this Agreement.

                (c) Each party will consult with each of the other parties prior
to issuing any press release or otherwise making any public statement with
respect to the transactions contemplated by this Agreement, and will not issue
any such release or make any such statement over the reasonable objection of any
of the other parties, except as required by Law or the rules and regulations of
any relevant securities exchange or quotation system.

                                  ARTICLE VIII

                                       8
<PAGE>   9

                              TERM AND TERMINATION

            8.01. Term. This Agreement shall take effect on the date hereof and
remain in effect until the earlier of (1) twelve (12) months from the date
hereof or (b) this Agreement being terminated pursuant to Section 8.02 hereof,
provided, however, the terms of this Agreement shall remain in effect, as
applicable, in relation to any Finance Contract which remains in effect after
the end of the term of this Agreement pursuant to this Article VIII.

            8.02. Termination. Subject to Section 8.01 above, this Agreement and
the transactions contemplated hereby may be terminated only by written consent
of each of the parties hereto.

            8.03. Effect of Termination. In the event of the termination of this
Agreement pursuant to Section 8.02, this Agreement shall become void and have no
effect, except in relation to any Finance Contract which remains in effect after
such termination that the provisions of Articles 6 and 7, and any other
provision necessary to give effect to such surviving provisions, shall survive
any such termination.

                                   ARTICLE IX

                                  MISCELLANEOUS

            9.01 Amendments and Waivers. Except as otherwise expressly provided
herein, this Agreement shall not be amended or modified in any fashion except by
an instrument in writing signed by the parties hereto. Waiver by a party of any
condition, or any breach of this Agreement by any other party, shall not be
effective unless in a writing signed by the waiving party, and no such waiver
shall operate or be construed as the waiver of any conditions other than those
expressly identified in the written waiver or of the same or another breach on a
subsequent occasion.

            9.02. Nonassignability. All terms and provisions of this Agreement
shall be binding upon and shall inure to the benefit of the parties hereto and
their respective successors and permitted assigns. This Agreement may not be
assigned by any party; provided, however, that such consent shall not be
required for the assignment by any party of its rights and privileges hereunder
to an Affiliate wholly owned, directly or indirectly, by any of the parties, as
the case may be (it being understood that no such assignment shall relieve the
assigning party of its duties or obligations hereunder).

            9.03. No Third Party Beneficiaries. This Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective legal
representatives, successors and assigns. This Agreement is not for the benefit
of any other Person, other than CTL, Ericsson and First Venture and their
respective Subsidiaries and Affiliates, and no other Person, other than CTL,
Ericsson, First Venture and their respective Subsidiaries and Affiliates, shall
have any rights against the parties hereunder.

            9.04 Rules of Construction. The headings in this Agreement are
inserted only

                                       9
<PAGE>   10

as a matter of convenience and in no way affect the terms or intent of any
provision of this Agreement. All defined phrases, pronouns, and other variations
thereof shall be deemed to refer to the masculine, feminine, neuter, singular,
or plural, as the actual identity of the organization, person, or persona may
require. No provision of this Agreement shall be construed against any parties
hereto by reason of the extent to which such parties or its counsel participated
in the drafting hereof. All references to dollars shall be to United States
dollars.

            9.05. CHOICE OF LAW; CONSENT TO JURISDICTION. THIS AGREEMENT IS MADE
AND ENTERED INTO UNDER THE LAWS OF THE STATE OF CALIFORNIA, AND THE LAWS OF THAT
STATE APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY THEREUNDER
(WITHOUT GIVING EFFECT TO THE PRINCIPLES OF CONFLICTS OF LAWS THEREOF) SHALL
GOVERN THE VALIDITY AND INTERPRETATION HEREOF AND THE PERFORMANCE BY PARTIES
HERETO OF THEIR RESPECTIVE DUTIES AND OBLIGATIONS HEREUNDER. Each party hereby
irrevocably consents that any legal action or proceeding against it or any of
its assets with respect to this Agreement may be brought in any jurisdiction
where it or any of its assets may be found, or in any court of the State of
California or any Federal court of the United States of America located in Los
Angeles, California, or both, as the other party may elect, and by execution and
delivery of this Agreement, each party hereby irrevocably submits to and accepts
with regard to any such action or proceeding, for itself and in respect of its
assets, generally and unconditionally, the jurisdiction of the aforesaid courts.
Each party further agrees that final judgment against such party in any action
or proceeding in connection with this Agreement shall be conclusive and may be
enforced in any other jurisdiction within or outside the United States of
America by suit on the judgment, a certified or exemplified copy of which shall
be conclusive evidence of the fact and the amount of such party's indebtedness.
Each party hereby irrevocably waives, to the fullest extent permitted by Law,
any objection which such party may now or hereafter have to the laying of venue
of any suit, action or proceeding arising out of or relating to this Agreement
brought in the State of California, and hereby further irrevocably waives any
claim that any such suit, action or proceeding brought in the State of
California has been brought in an inconvenient forum.

            9.06. Severability of Provisions. If any provision of this Agreement
shall be contrary to the internal laws of California or any other applicable
Law, at the present time or in the future, such provision shall be deemed null
and void, but shall not affect the legality of the remaining provisions of this
Agreement. This Agreement shall be deemed to be modified and amended so as to be
in compliance with applicable Law and this Agreement shall then be construed in
such a way as will best serve the intention of the parties at the time of the
execution of this Agreement.

            9.07. Counterparts; Delivery. This Agreement may be executed in one
or more counterparts. Each such counterpart shall be considered an original and
all of such counterparts shall constitute a single agreement binding all the
parties as if all had signed a single document. The parties acknowledge that
delivery of executed counterparts of this Agreement may be effected by a
facsimile transmission or other comparable means, with an original document to
be delivered promptly thereafter via overnight courier.

                                       10
<PAGE>   11

            9.08. Entire Agreement. This Agreement (including any schedules,
exhibits or other attachments hereto), taken together with the other Operative
Documents, constitute the entire agreement among the parties. This Agreement and
the other agreements referred to in the preceding sentence supersede all prior
and contemporaneous agreements, statements, understandings, and representations
of the parties. There are no representations, warranties, agreements,
arrangements, or understandings, oral or written between the parties relating to
the subject matter of this Agreement which are not fully expressed herein or in
the other Operative Documents. The parties agree that the traditional
formulation of the parol evidence rule (whereby extrinsic evidence may not be
used to vary or contradict the unambiguous terms of a document that represents a
final and complete expression of the parties' agreement) shall govern in any
action or proceeding that may ensue concerning this Agreement and/or the other
Operative Documents.

            9.09. Notices. All notices, requests, consents, or other
communications required or permitted to be given under this Agreement shall be
in writing, may be delivered in person by telex or telecopy, by overnight air
courier, or by certified or registered mail (return receipt requested with all
fees prepaid), and shall be deemed to have been duly given and to have become
effective upon the date actually delivered to the parties or their assignees at
the following addresses:

               If to CTL:

                             c/o Coyote Network Systems, Inc.
                             4360 Park Terrace Drive
                             Westlake Village, California 91361
                             Attention:  President

               If to Coyote:

                             Coyote Network Systems, Inc.
                             4360 Park Terrace Drive
                             Westlake Village, California 91361
                             Attention:  President

               If to First Venture:

                             FIRST VENTURE LEASING, LLC
                             c/o Acorn Roseand Management
                             777 Summer Street
                             Stamford, Connecticut  06901
                             Attention:  Mr. Robert Loonin

The persons or addresses to which mailings or deliveries shall be made may be
changed from time to time by notice given pursuant to the provisions of this
section.

                                       11
<PAGE>   12

            9.10. Waiver of Jury Trial. The parties hereto hereby waive their
respective right to trial by jury of any cause of action, claim, counterclaim or
cross-complaint in any action, proceeding and/or hearing brought by any party
hereto against another party hereto on any matter whatsoever relating to,
resulting from, arising out of, or in any way connected with this Agreement, or
any amendment or breach hereof, including, without limitation, any claim or
injury or damage, or the enforcement of any remedy under any Law, statute, or
regulation, emergency or otherwise, now or hereafter in effect.

            9.11. Expenses. Each party shall bear and pay all direct costs and
expenses incurred by it or on its behalf in connection with the transactions
contemplated hereunder, including filing, registration and applicable fees,
printing fees, and fees and expenses of its own financial or other consultants,
investment bankers, accountants, and counsel.

            9.12. Further Assurances. The parties hereto from time to time after
execution of this Agreement, without further consideration, shall execute and
deliver, as appropriate, such documents and take such actions as may be
reasonably necessary or proper to carry out and consummate the transactions
contemplated by this Agreement.

            9.13. Enforcement of Agreement. The parties hereto agree that
irreparable damage would occur in the event that any of the provisions in
Section 5.02 and Article VII of this Agreement was not performed in accordance
with its specific terms or was otherwise breached. It is accordingly agreed that
the parties shall be entitled to seek an injunction or injunctions to prevent
breaches of Section 5.02 and Article VII of this Agreement and to enforce
specifically such terms and provisions in any court of the United States or any
state having jurisdiction; provided, however, that the foregoing shall not be
construed as prohibiting any party from pursuing any other rights and remedies
available to it for such breach or threatened breach.

            9.14. Brokers and Finders. In the event of a claim by any broker or
finder based upon his or its representing or being retained by or allegedly
representing or being retained by any party, such party agrees to indemnify and
hold each other party harmless of and from any liability in respect of such
claim.

            9.15. Relationship of Parties. Nothing contained in this Agreement
shall be construed as constituting a partnership or agency relationship between
the parties hereto. As of the date of this Agreement, the relationship of the
parties one to another for all purposes shall be that of independent members of
a limited liability company.

            IN WITNESS WHEREOF the undersigned hereto execute this Agreement.

                                            COYOTE TECHNOLOGIES, LLC

                                            By: /s/ DANIEL W. LATHAM
                                                -------------------------------
                                               Name: Daniel W. Latham
                                                     --------------------------
                                               Title: President and
                                                      -------------------------
                                                      Chief Operating Officer
                                                      -------------------------

                                            COYOTE NETWORK SYSTEMS, INC.

                                       12
<PAGE>   13

                                            By: /s/ DANIEL W. LATHAM
                                               Name: Daniel W. Latham
                                               Title: President

                                            FIRST VENTURE LEASING, LLC

                                            By: /s/ ROBERT LOONIN
                                               Name: Robert Loonin
                                               Title: Managing Member

                                       13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00011-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00011-of-00352.parquet"}]]