Document:

Unassociated Document

    

      XXXXX
        INDICATES MATERIAL THAT WAS OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT
        WAS
        REQUESTED. ALL SUCH OMITTED MATERIAL WAS FILED SEPARATELY WITH THE
        SECURITIES AND EXCHANGE COMMISSION. 

      

       

      Agreement
        For
        the Purchase and Sale of GigaBeam WiFiberTM
        Links By Eaton & Associates

      
        

        

      

      
        GigaBeam
          agrees to sell and AIXTEX Inc. (dba Eaton & Associates) agrees to purchase,
          pursuant to the terms of this purchase order, twenty (20) Full Duplex GigE
          WiFiberTM wireless fiber communication links to be used for connectivity between
          designated AIXTEX Inc. customer locations as listed in the table
          below.

      

       

      
        
          	
                  Link
                    #

                	
                  Building

                	
                  Demarc
                    Location

                	
                  Building

                	
                  Demarc
                    Location

                	
                  Link
                    Distance

                
	
                  1-20

                	
                  TBD

                	
                  TBD

                	
                  TBD

                	
                  TBD

                	
                  TBD

                

        

         

        Pricing 

         

        
          	
                  Link
                    #

                	
                  Model
                    

                	
                  Description

                	
                  XXXXX

                	
                  XXXXX

                	
                  Total
                    

                
	
                  1

                	
                  G-1.25-24

                	
                  Full
                    Duplex GigE Transceiver Link Pair withXXXXX

                	
                  $
                    XXXXX

                	
                  $XXXXX

                	
                  $XXXXX

                
	
                  2-20

                	
                  G-1.25-24

                	
                  Full
                    Duplex GigE Transceiver Link Pair with XXXXX

                	
                  $
                    XXXXX

                	
                  $XXXXX

                	
                  $XXXXX

                
	 	
                  Total
                    20 units

                	 	
                  $XXXXX

                	
                  $XXXXX

                	
                  $XXXXX

                

        

         

        Installation

         

        Installation
          will be performed by AIXTEX Inc. AIXTEX Inc. must be certified by GigaBeam
          to
          install the GigaBeam WiFiber links prior to the first link installation.
          GigaBeam will provide certification training at the rate of $XXXXX per
          AIXTEX
          Inc. XXXXX. Site surveys, preparation of link installation plans and
          installations will be observed by GigaBeam designated personnel at GigaBeam’s
          XXXXX and XXXXX. 

         

        Installation
          Schedule

         

        
          	
                  Link
                    #

                	
                  Location

                	
                  Site
                    Survey

                	
                  Site
                    Prep

                	
                  Installation

                
	
                  1

                	
                  AIXTEX
                    INC. 

                	
                  N/A

                	
                  N/A

                	
                  BY
                    9/30/05*

                
	
                  2-20

                	
                  TBD

                	
                  TBD

                	
                  TBD

                	
                  BY
                    9/30/06

                

        

         

        AIXTEX
          Inc.agrees to complete installation of all twenty links in accordance with
          the
          foregoing schedule. AIXTEX Inc. will update the installation schedule on
          a XXXXX
          basis. AIXTEX Inc.understands that GigaBeam lead time to delivery is a
          XXXXXX.
          AIXTEX Inc. to request XXXXX in writing. 

         

        *Link
          1
          previously delivered and installed under purchase order 57150 dated 7/11/05
          issued under Eaton&Associates. All other terms of purchase order 57150
          (e.g., XXXXX terms unchanged).

         

        Monitoring
          and Maintenance

         

        In
          the
          event AIXTEX Inc. elects link monitor services, GigaBeam will monitor
          deployed links from its Link Monitoring Center (LMC).  GigaBeam
          will
          monitor link performance and key link transceiver parameters and will provide
          the following level of support: 24/7 link monitoring and service, XXXXX
          reports,
          XXXXX within XXXXXX, XXXXX access to XXXXXX, XXXXXX. AIXTEX Inc. will provide
          XXXXX GigaBeam to XXXXX. GigaBeam will perform XXXXXX services at the
          XXXXX.

         

        GigaBeam
          will provide Monitoring and Maintenance services at the rate of $XXXXX.
          

         

        Terms
          of Sale

         

        This
          sale
          represents XXXXX, which is strictly confidential, in consideration for
          AIXTEX
          Inc.’ role providing GigaBeam with XXXXX and for XXXXX. In addition,
          the
          XXXXX to
          AIXTEX
          Inc. is based on its firm commitment to purchase and install a minimum
          of 20
          links no later than 9/30/2006, including delivery and acceptance of the
          first
          link purchased hereunder on or before 9/30/2005. 

         

        AIXTEX
          Inc. is eligible for XXXXX above in the event AIXTEX Inc. XXXXX for GigaBeam
          links XXXXX. The XXXXX will be applied only to XXXXX. 

         

        Each
          link
          will be deemed accepted by AIXTEX Inc. XXXXX, unless XXXXX. Invoices for
          such
          links shall be due and payable upon XXXXX.

         

        In
          the
          event AIXTEX accept of XXXXX, AIXTEX Inc. will XXXXX. In the event AIXTEX
          Inc
          accepts XXXXX, AIXTEX Inc. will XXXXX. In the event AIXTEX Inc accepts
          XXXXX,
          AIXTEX Inc. will XXXX. The XXXXX will be due XXXXX. 

         

        
          
            

          

        

         

        
          	
                  Confidential

                  
                    Terms
                      and Conditions on Following Page

                  

                	
                  8/26/2005

                

        

         

        
          
            
            

          

          
            1

            
              

            

          

          
            
            

          

        

        All
          link
          purchases are subject to the standard terms and conditions on the last
          page of
          this document. 

        AIXTEX
          INC. /s/
          Patricia Eaton
          Date
9/28/05
          GigaBeam
          Corporation /s/
          Thomas Wetmore
          Date
9/29/05

         

         

        
          
            	Patricia Eaton	Thomas Wetmore
	CFO	SVP,
                    Sales & Marketing

          

        

           

        
          
            

          

        

        
          
            
            

          

          
            2

            
              

            

          

          
            
            

          

        

         

        STANDARD
          TERMS & CONDITIONS FOR PURCHASE AGREEMENT

         

        1.
          GENERAL. 
          As used
          herein, the term "Seller" shall refer to GigaBeam Corporation and the term
          "Buyer" shall refer to the person or entity desiring to purchase products
          and or
          services from Seller. ALL ORDERS ARE SUBJECT TO ACCEPTANCE BY SELLER AT
          ITS
          CORPORATE HEADQUARTERS. NO FORM OF ACCEPTANCE EXCEPT SELLER'S WRITTEN
          ACKNOWLEDGMENT OR SELLER'S COMMENCEMENT OF PERFORMANCE SHALL CONSTITUTE
          A VALID
          ACCEPTANCE OF THE BUYER'S ORDER. ANY SUCH ACCEPTANCE IS EXPRESSLY CONDITIONED
          UPON ASSENT TO THE TERMS HEREOF TO THE EXCLUSION OF ALL OTHER TERMS; BUYER
          SHALL
          BE DEEMED TO HAVE ASSENTED TO THE TERMS HEREOF UPON ACCEPTING DELIVERY
          OF
          ANYTHING SHIPPED BY SELLER IF TENDER OF THESE TERMS IS DEEMED AN OFFER.
          ACCEPTANCE IS EXPRESSLY LIMITED TO THE TERMS HEREOF. 

        

        2.
          PRICES. Prices for all of Seller's products or services shall be in accordance
          with the applicable purchase order accepted by Seller in writing. Transportation
          charges from Seller's shipping location, insurance premiums, taxes and
          other
          governmental charges related to the manufacture, sale, possession or resale
          of
          the products specified herein, shall be the sole responsibility of the
          Buyer and
          shall be paid to Seller in addition to the purchase price of the products
          and
          services, unless otherwise agreed in writing. 

        

        3.
          TERMS
          OF PAYMENT. Invoices shall be XXXXX. All payments shall be made in U.S.
          dollars
          unless otherwise specifically agreed to in writing by Buyer and Seller.
          Amounts
          that remain unpaid when due to Seller shall accrue a service charge of
          one and
          one-half percent (1.5%) per month (or such higher rate as may be the maximum
          allowable by law) from any such due date until date of full payment.

        

        4.
          DELIVERY AND TITLE. Delivery is quoted from XXXXX, where applicable, whichever
          is later. Delivery XXXXX. In the absence of specific shipping instructions,
          Seller shall select a carrier that shall be deemed to act as Buyer's agent,
          notwithstanding any payment by Seller of freight charges made for Buyer's
          account. Title shall pass from Seller to Buyer upon XXXXX. Unless otherwise
          specified, Seller shall obtain insurance against damage to the products
          during
          shipment. Buyer shall obtain insurance against damage to product while
          in
          Buyer’s possession. Unless otherwise specified, the product will be shipped in
          standard commercial packaging. Seller agrees to XXXXX product within
          XXXXX.

        

        5.
          SHIPMENTS. All shipping dates are XXXXX. Seller will not be liable for
          any loss,
          damages or penalty resulting from delay in delivery when such delay is
          due to
          causes beyond the reasonable control of Seller, including but not limited
          to
          supplier delay, force majeure, act of God, act of Government, labor unrest,
          flood, fire, explosion, earthquake, or by excess demand for its products.
          Buyer
          may requests XXXXX. Buyer will bear the risk of loss of the equipment during
          such XXXXX.

        

        6.
          ACCEPTANCE. Buyer shall be deemed to have accepted the product(s)
          XXXXXX.

        

        7.
          LIMITED WARRANTY. Seller warrants that the products will be substantially
          free
          from defects in material and workmanship for 12 months after delivery to
          Buyer.
          Products purchased from Seller which do not comply with the warranty and
          are
          returned to the Seller during such period will be repaired or replaced
          at
          Seller's option. SELLER MAKES NO OTHER WARRANTIES WITH RESPECT TO THE PRODUCTS
          OR ANY SERVICES AND DISCLAIMS ALL OTHER WARRANTIES, INCLUDING WARRANTIES
          OF
          MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.
          The above
          warranty does not extend to any product that is modified or altered, is
          not
          maintained to Seller's maintenance recommendations, is operated in a manner
          other than that specified by Seller, or is subject to abuse, misuse, accident,
          disaster, alterations, neglect or other improper treatment. Buyer's sole
          remedy
          with respect to any warranty or defect is as stated above. To the extent
          Buyer
          resells the product(s), Seller agrees that the warranties maybe passed
          through
          to Buyer’s initial customer, provided that Buyer does not expand the scope or
          timeframe of such warranties.

        

        8.
          LIMITATION OF LIABILITY. SELLER WILL NOT BE LIABLE UNDER ANY PROVISION
          OF THESE
          TERMS OR UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHER LEGAL
          OR
          EQUITABLE THEORY (A) FOR ANY AMOUNTS IN EXCESS IN THE AGGREGATE OF THE
          AMOUNTS
          PAID TO SELLER HEREUNDER DURING THE TWELVE MONTH PERIOD PRIOR TO DATE THE
          CAUSE
          OF ACTION AROSE, OR (B) FOR ANY INCIDENTAL OR CONSEQUENTIAL DAMAGES, EXCEPT
          THOSE ARISING FROM SELLER’S NEGLIGENT ACTS OR OMISSIONS, OR (C) FOR COST OF
          PROCUREMENT OF SUBSTITUTE GOODS, TECHNOLOGY OR SERVICES.

        

        9.
          PROPRIETARY RIGHTS. Unless otherwise agreed to in writing, any and all
          commercial or technical information disclosed in any manner or at any time
          by
          Seller to Buyer shall be deemed secret and confidential. Except as expressly
          allowed herein, Buyer shall not use or disclose any such information and
          Seller
          expressly reserves all rights with respect thereto. Buyer acknowledges
          that the
          products sold by Seller hereunder contain trade secrets and other proprietary
          information belonging to Seller, and the products sold by Seller hereunder
          are
          proprietary to Seller. Buyer shall not disassemble, decompile or otherwise
          reverse engineer the Seller's products. 

        

        10.
          TAXES
          AND DUTIES. If Seller claims exemption from any tax, Seller will furnish
          Buyer
          with any required, valid Seller exemption certificate issued by each taxing
          jurisdiction where such a certificate is required for the exemption from
          collection of sales or use taxes or such other appropriate exemption
          certificate. If Seller is required by law or otherwise to pay any such
          levy
          and/or fines, penalties, or assessments as a result of Buyer's failure
          to comply
          with any applicable laws, the amount of payment so made by Seller will
          be fully
          reimbursed by Buyer to Seller upon submission of Seller's invoices. Buyer
          agrees
          to pay a 1.5% per month, from date of invoice, service charge on unpaid
          amounts.

         

        
          
            

          

           

          
            	
                    Confidential

                  	
                    8/25/2005Unassociated Document

    

      THE
        SECURITIES REPRESENTED BY THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE UNITED
        STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), OR UNDER THE
        PROVISIONS OF ANY APPLICABLE STATE SECURITIES LAWS, BUT HAVE BEEN ACQUIRED
        BY
        THE REGISTERED HOLDER HEREOF FOR PURPOSES OF INVESTMENT AND IN RELIANCE ON
        STATUTORY EXEMPTIONS UNDER THE 1933 ACT, AND UNDER ANY APPLICABLE STATE
        SECURITIES LAWS. THESE SECURITIES MAY NOT BE SOLD, PLEDGED, TRANSFERRED OR
        ASSIGNED EXCEPT IN A TRANSACTION WHICH IS EXEMPT UNDER THE PROVISIONS OF
        THE
        1933 ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EFFECTIVE
        REGISTRATION STATEMENT.

       

      

      

      PROMISSORY
        NOTE

      

      Oakdale,
        California

      August
        4,
        2005

      

      FOR
        VALUE
        RECEIVED, ITec Environmental Group, Inc., a Delaware corporation ("Borrower"),
        hereby promises to pay to the order of Capital Growth Equity Fund I, LLC,
        a
        Florida limited liability company ("Lender"),
        in
        lawful money of the United States at the address of Lender set forth herein,
        the
        principal amount of $100,000 (the “Loan”),
        together with Interest. This Promissory Note ("Note")
        has
        been executed by Borrower on the date set forth above (the "Effective
        Date")
        pursuant to the Loan Agreement entered into as of the date hereof between
        Lender
        and Borrower (the "Loan
        Agreement").
        Capitalized terms use but not defined herein shall have the meanings assigned
        to
        such terms in the Loan Agreement.

      

      1.  Interest.
        The
        Loan shall bear interest at the Interest Rate from the Effective Date and
        continuing until payment in full of the Loan. Upon the occurrence of an Event
        of
        Default and for so long as such Event of Default continues, Interest shall
        accrue on the outstanding Loan amount at the Default Interest Rate.

      

      2.  Maturity
        Date.
        Subject
        to Section 3, all or any portion of the Loan, all accrued Interest thereon
        and
        all other sums due hereunder, shall be due and payable on demand by Lender
        on
        the Maturity Date.

      

      3.  Conversion.
        In
        Lender’s discretion, at any time prior to the consummation of the Private
        Placement, Lender may convert all or any portion of the outstanding principal
        amount of this Note into the securities offered by the Company in the Private
        Placement on the same terms as such securities are sold to the other investors
        in the Private Placement. In such event, any accrued by unpaid interest
        outstanding at the time of the conversion of this Note and any outstanding
        principal under this Note not so converted shall be paid in full by the Company
        simultaneously upon such conversion.

      

      4.  Application
        of Payments.
        

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      4.1.  Except
        as
        otherwise expressly provided herein, payments under this Note shall be applied
        (i) first to the repayment of any sums incurred by Lender for the payment
        of any
        expenses in enforcing the terms of this Note, (ii) then to the payment of
        the
        Default Interest Rate, (iii) then to the payment of the Interest Rate, and
        (iv)
        then to the reduction of the Loan.

      

      4.2.  Upon
        payment in full of the Loan and applicable accrued and unpaid Interest thereon,
        this Note shall be marked "Paid in Full" and returned to Borrower.

       

      5.  Waiver
        of Notice.
        Borrower hereby waives diligence, notice, presentment, protest and notice
        of
        dishonor.

      

      6.  Transfer.
        This
        Note may be transferred by Lender at any time, provided that such transfer
        complies with applicable securities laws.

      

      7.  Events
        of Default.
        The
        occurrence of any of following events (each an "Event
        of Default"),
        not
        cured in any applicable cure period, shall constitute an Event of Default
        of
        Borrower:

      

      7.1.  The
        failure to make when due any payment described in this Note or the Loan
        Agreement, whether on or after the Maturity Date, by acceleration or otherwise;
        and

      

      7.2.  A
        breach
        of any representation, warranty, covenant or other provision of this Note
        or the
        Loan Agreement, which, if capable of being cured, is not cured within three
        days
        following notice thereof to the Company;

       

      7.3.  (i)
        The
        application for the appointment of a receiver or custodian for Borrower or
        the
        property of Borrower, (ii) the entry of an order for relief or the filing
        of a
        petition by or against Borrower under the provisions of any bankruptcy or
        insolvency law, (iii) any assignment for the benefit of creditors by or against
        Borrower, or (iv) the insolvency of Borrower.

      

      Upon
        the
        occurrence of any Event of Default that is not cured within any applicable
        cure
        period, if any, Lender may elect, by written notice delivered to Borrower,
        to
        take at any time any or all of the following actions: (i) declare this Note
        to
        be forthwith due and payable, whereupon the entire unpaid Loan, together
        with
        all accrued and unpaid Interest thereon (including the Default Interest Rate),
        and all other cash obligations hereunder, shall become forthwith due and
        payable, without presentment, demand, protest or any other notice of any
        kind,
        all of which are hereby expressly waived by Borrower, anything contained
        herein
        to the contrary notwithstanding, and (ii) exercise any and all other remedies
        provided hereunder or available at law or in equity. 

      

      8.  Miscellaneous.

      

      8.1.  Successors
        and Assigns.
        Subject
        to the exceptions specifically set forth in this Note and the Loan Agreement,
        the terms and conditions of this Note shall inure to the benefit of and be
        binding upon the respective executors, administrators, heirs, successors
        and
        permitted assigns of the parties. This Note (or a portion hereof) may be
        assigned by Lender without the consent of Borrower.

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      8.2.  Loss
        or Mutilation of Note.
        Upon
        receipt by Borrower of evidence satisfactory to Borrower of the loss, theft,
        destruction or mutilation of this Note, together with indemnity reasonably
        satisfactory to Borrower, in the case of loss, theft or destruction, or the
        surrender and cancellation of this Note, in the case of mutilation, Borrower
        shall execute and deliver to Lender a new promissory note of like tenor and
        denomination as this Note.

       

      8.3.  Notices.
        Any
        notice, demand, offer, request or other communication required or permitted
        to
        be given pursuant to the terms of this Note shall be in writing and shall
        be
        deemed effectively given the earlier of (i) when received, (ii) when delivered
        personally, (iii) one business day after being delivered by facsimile (with
        receipt of appropriate confirmation), (iv) one business day after being
        deposited with an overnight courier service, or (v) four days after being
        deposited in the U.S. mail, First Class with postage prepaid, and addressed
        to
        the recipient at the addresses set forth below unless another address is
        provided to the other party in writing:

      

      If
        to
        Borrower, to:

      

      ITec
        Environmental Group, Inc.

      5300
        Claus Road, Box 760

      Riverbank,
        CA 95367

      Attn: Gary
        M.
        De Laurentiis

      Fax: (209)
        881-3529

      

      with
        a
        copy to:

      

      The
        Otto
        Law Group, PLLC

      601
        Union
        Street, Suite 4500

      Seattle,
        WA 98101

      Attn:
         David
        M.
        Otto

      Fax: (206)
        262-9513

      

      if
        to
        Lender, to:

      

      Capital
        Growth Equity Fund I, LLC

      225
        NE
        Mizner Blvd. Ste. 750

      Boca
        Raton, FL 33432

      Attn:
         Alan
        Jacobs

      Fax:
         

      

      8.4 Governing
        Law.
        This
        Note shall be governed in all respects by the laws of the State of California
        as
        applied to agreements entered into and performed entirely within the State
        of
        California by residents thereof, without regard to any provisions thereof
        relating to conflicts of laws among different
        jurisdictions.

      

      8.5 Waiver
        and Amendment.
        Any
        term of this Note may be amended, waived or modified only with the written
        consent of Borrower and Lender.

       

      8.6 Remedies;
        Costs of Collection; Attorneys' Fees.
        No
        delay or omission by Lender in exercising any of its rights, remedies, powers
        or
        privileges hereunder or at law or in equity and no course of dealing between
        Lender and the undersigned or any other person shall be deemed a waiver by
        Lender of any such rights, remedies, powers or privileges, even if such delay
        or
        omission is continuous or repeated, nor shall any single or partial exercise
        of
        any right, remedy, power or privilege preclude any other or further exercise
        thereof by Lender or the exercise of any other right, remedy, power or privilege
        by Lender. The rights and remedies of Lender described herein shall be
        cumulative and not restrictive of any other rights or remedies available
        under
        any other instrument, at law or in equity. If an Event of Default occurs,
        Borrower agrees to pay, in addition to the Loan and Interest payable thereon,
        reasonable attorneys' fees and any other reasonable costs incurred by Lender
        in
        connection with its pursuit of its remedies under this Note.

      *
        * * *
        * 

      
        
          
             

          

           

        

        
          3

          
            

          

        

        
           

          
          

        

      

      

      

      IN
        WITNESS WHEREOF, Borrower has caused this Note to be signed on the Effective
        Date.

      

      

      BORROWER:

      

      ITEC
        ENVIRONMENTAL GROUP, INC.

      

      

      By: _______________________________ 

              Gary
        M.
        De Laurentiis 

        Chief
        Executive Officer

       

      

      
        
           

        

        
          4

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