Document:

Software Licensing Agreement (Amended May 1, 2000)

WHEREAS,  Abacus Systems Ltd, of 44 Church Road, Hamilton,  Bermuda,  ("Abacus")
has developed at its own cost and expense, valuable intellectual and proprietary
software products and User Guides which are known as:

     Software
            CheckMy Banking 2000
            CheckMY Loans 2000
            CheckMy Mortgage 2000

            CheckMy  Banking  Deluxe 2000  CheckMY  Loans  Deluxe  2000  CheckMy
            Mortgage Deluxe 2000

            CheckMy Banking 2000 User Guide
            CheckMY Loans 2000 User Guide
            CheckMy Mortgage 2000 User Guide

     User Guides
            Easy Learning Guide to CheckMy Banking
            Easy Learning Guide to CheckMy Loans
            Easy Learning Guide to CheckMy Mortgage

NOW:  These  Products are hereby  licensed on the following  terms to Millennium
Software,  Inc.,  2950 East  Flamingo  Road,  Suite G, Las Vegas,  Nevada 89121,
United States.

In the  following  License,  Products  refers to CheckMy 2000  Software and User
Guides,  CheckMy 2000 Software  refers to CheckMy 2000 Products which operate on
personal  computer  systems and CheckMy  2000 User Guides  refer to CheckMy 2000
written documentation.

The License as amended consists of 3 (three) pages.

LICENSE

1. The License.

1.1 An  exclusive  worldwide  license  (the  "License")  is  hereby  granted  to
Millennium Software, Inc., ("Millennium") to copy, duplicate,  sell, distribute,
and sub-  license  the  Products,  which  includes  the right of  Millennium  to
sub-license third party distributors to reproduce and distribute the Products by
electronic download and in physical CD-ROM form.

1.2 During the entire period of this  License,  Abacus agrees not to license any
other company  rights to copy,  duplicate,  sell,  distribute  the Products,  or
sub-license  rights to the  reproduction  and  distribution of the Products (the
"Distribution  Rights").  On termination of the License,  Abacus is free without
restraint to license any other company to the Distribution Rights.

2. Royalties and Fees.

2.1 Millennium  hereby  acknowledges  that full ownership  title to the Products
belongs to Abacus.

2.2  Millennium   agrees  to  pay  Abacus  royalties   (herein  referred  to  as
"Royalties")  and fee payments  ("Fees") based on Net Sales  Revenues  earned by
Millennium  from sale of the  Products  on the  following  basis.  2.2.1.  A 10%
Royalty of the Net Sales Revenues of CheckMy 2000 Software.

2.2.2.  A 10% Royalty of the Net Sales  Revenues of CheckMy  2000 Easy  Learning
Guides.

2.2.3.  A 5% Fee based on Net Sales  Revenues of Products  for the  provision of
technical support for all Products supplied by Abacus.

Net Sales Revenues for the purposed of calculating and determining Royalties and
Fees for the  duration  of this  license  will be  sales  revenues  received  by
Millennium from the sale of Products,  before distributor  discounts,  less full
provision for credits provided for returned Products and provision for bad debts
which remain unrecovered after 12 months.

3. Payment of Royalties and Fees.

<PAGE>

Royalties  and Fees due to Abacus by  Millennium  under the  provisions  of this
License  will be paid not later  than 30 days  after  the end of each  quarterly
period commencing January 1st, 2000.

4. Accounting for Royalties and Fees.

Millennium will provide Abacus with a full accounting of Net Sales Revenues each
month and each quarterly period.

5. Obligations of Abacus.

5.1  Abacus  agrees to provide  Millennium  with the  source  codes and  machine
readable  codes of the  CheckMy  2000  Software.  5.2  Abacus  agrees to provide
Millennium with original  versions of Easy Learning Guides for duplication.  5.4
Abacus agrees to provide continuing technical support for the Products.

6. Rights to examine company records

Abacus,  and its  representatives,  are granted  unrestricted  rights under this
License  agreement to inspect the books,  records and accounts of  Millennium on
demand, to establish a correct accounting for Royalties and fees due to Abacus.

7.  Confidentiality.   Millennium  by  signing  this  License,  agrees  to  keep
confidential,  all proprietary  knowledge acquired about the Products,  promises
not to divulge  any such  knowledge  to any third  party  unless  prior  written
consent of Abacus and its representatives is provided. Failure to abide by these
confidentiality rules will cause an immediate cancellation of the License.

8. Term and Termination of License

8.1 This  Agreement  will  continue in effect for one (1) year from  December 8,
1999 (Initial Term). This Agreement will be automatically renewed for successive
additional one (1) year terms (each, a Renewal Term) unless terminated by either
party upon  thirty  (30) days  written  notice  prior to the  expiration  of the
Initial Term and Renewal Term.

8.2 Abacus may terminate the License, at its sole discretion, if Royalty and Fee
payments due to Abacus, or any part thereof, become 120 days or more overdue.

8.3 Abacus may  terminate  the License,  at its sole  discretion,  if management
control of Millennium changes from the current arrangements.

8.4 Millennium may terminate the License, at its sole discretion,  by giving 120
days written notice to Abacus.

8.5 The License will be terminated  immediately upon written notice by Abacus if
the  confidentiality   provisions   contained  in  section  7  are  breached  by
Millennium.

8.6 On termination of the License,  Millennium  will return to Abacus all source
codes,  CD-R  duplication  disks,  all CD-ROM  copies of CheckMy  2000  Software
together with all copies of the Learning Guides in its possession, and all other
materials associated with the Products.

The effective date of this amended License is 1 May, 2000.

Signed by Abacus Systems, Ltd.          Signed by Millennium Software, Inc.

/s/ Anthony Bigwood                         /s/ Anthony Bigwood
 A.M. Bigwood/Director                      A.M. Bigwood/President
1st of May, 2000                         1st of May, 2000Loan Agreement with A.M Bigwood

WHEREAS,  Anthony Michael Bigwood,  2277 Lawson Avenue,  West Vancouver,  BC V7V
2E3,  Canada,  and Abacus  Systems Ltd and General Audit Systems.  Inc,  private
companies  controlled by him, have advanced loans amounting in total to $121,400
to the Company to June 30, 2000:

AND, The purpose of the loans is to provide working capital for the Company. AND
loans have been provided for the Company in the following amounts:

  Dates                               Loans
                                    Advanced
--------------------------------------------

02/96 -    12/31/97                 $ 37,763
01/01/98 - 09/30/98                 $  1,010
10/01/98 - 12/31/98                      Nil
01/01/99 - 03/31/99                 $ 27,996
04/01/99 - 06/30/99                 $  4,607
07/01/99 - 09/30/99                 $ 13,537
10/01/99 - 12/31/99                 $ 10,000
01/01/00 - 03/31/00                 $ 16,896
04/01/00 - 06/30/00                 $  9,591
--------------------------------------------
        Total                       $121,400

AND,  that A.M Bigwood and companies  controlled by him have received  5,107,500
common shares at $0.01 per share in lieu of cash repayment of debt, as follows:

Dates                       Loans    Shares    Reduction       Loan balance
                           Advanced  Issued    in debt          0wing to
                                                                     Mr. Bigwood
--------------------------------------------------------------------------------

02/96 -    12/31/97       $ 37,763                             $  37,763
01/01/98 - 09/30/98       $  1,010                             $  38,773
10/01/98 - 12/31/98            Nil                             $  38,773
01/01/99 - 03/31/99       $ 27,996                             $  66,769
04/01/99 - 06/30/99       $  4,607                             $  71,376
07/01/99 - 09/30/99       $ 13,537   3,050,000   $30,500       $  54,413
10/01/99 - 12/31/99       $ 10,000       7,500   $    75       $  64,338
01/01/00 - 03/31/00       $ 16,896   2,050,000   $20,500       $  60,734
04/01/00 - 06/30/00       $  9,591                             $  70,325
--------------------------------------------------------------------------------
               Totals     $121,400   5,107,500   $51,075       $  70,325

THEN, it is hereby  agreed that the terms of these loans are as follows:

1.   The loans are interest free.
2.   The loans are  repayable  on immediate  demand in common  shares in lieu of
     cash.
3.   The value of shares  issued,  and to be issued,  in  settlement of the said
     loans is  determined by  calculating  the value of  shareholder  equity per
     share at the most  recently  available  financial  statement,  or $0.01 per
     share, whichever value is greater at the time of issue.

The balance of loans outstanding at June 30, 2000 amounted to $70,325.

In this  agreement  the term  "repayable  on immediate  demand"  means that upon
receipt by the Company of a written  request from  A.M.Bigwood  for repayment of
the  balance of  outstanding  loans by  issuance  of shares,  the  Company  will
authorize  the  issuance of shares of common stock within seven (7) working days
from receipt of the written  request from Mr.  Bigwood,  in full accordance with
the terms of the agreement.

The effective date of this loan agreement is September 7, 2000.

Signed by A.M Bigwood               Signed by Millennium Software, Inc.

/s/ Anthony Bigwood                         /s/ Anthony Bigwood
 A.M. Bigwood                               A.M. Bigwood/President

7th September, 2000                         7th September, 2000EXHIBIT 10.22

                          SECURITIES PURCHASE AGREEMENT

         THIS SECURITIES PURCHASE AGREEMENT (this "Agreement"), dated as of
August 28, 2000, by and among TCPI, Inc., a Florida corporation, with
headquarters located at 3341 S.W. 15th Street, Pompano, Florida (the "Company"),
and the Buyers listed on Schedule I attached hereto(individually, a "Buyer" or
collectively "Buyers" ).

                                   WITNESSETH:

         WHEREAS, the Company and the Buyer(s) are executing and delivering this
Agreement in reliance upon an exemption from securities registration pursuant to
Section 4(2) and/or Rule 506 of Regulation D ("Regulation D") and/or Regulation
S as promulgated by the U.S. Securities and Exchange Commission (the "SEC")
under the Securities Act of 1933, as amended (the "1933 Act");

         WHEREAS, the parties desire that, upon the terms and subject to the
conditions contained herein, the Company shall issue and sell to the Buyer(s),
as provided herein, and the Buyer(s) shall purchase One Million Five Hundred
Thousand Dollars ($1,500,000) of convertible debentures (the "Convertible
Debentures"), which shall be convertible into shares of the Company's Common
Stock, (the "Common Stock") (as converted, the "Conversion Shares"), for a total
purchase price of One Million Five Hundred Thousand Dollars ($1,500,000) (the
"Purchase Price") in the respective amounts set forth opposite each Buyer(s)
name on Schedule I ( the "Subscription Amount"); and

         WHEREAS, contemporaneously with the execution and delivery of this
Agreement, the parties hereto are executing and delivering a Registration Rights
Agreement substantially in the form attached hereto as Exhibit A (the
"Registration Rights Agreement") pursuant to which the Company has agreed to
provide certain registration rights under the 1933 Act and the rules and
regulations promulgated thereunder, and applicable state securities laws; and

         WHEREAS, the Convertible Debentures are being offered through The May
Davis Group, Inc. (the "Placement Agents"), as the Company's exclusive placement
agents for the offering and

         WHEREAS, the aggregate proceeds of the sale of the Convertible
Debentures contemplated hereby shall be held in escrow pursuant to the terms of
an escrow agreement substantially in the form of the Escrow Agreement attached
hereto as Exhibit B.

         NOW, THEREFORE, in consideration of the mutual covenants and other
agreements contained in this Agreement the Company and the Buyer(s)hereby agree
as follows:

         1.       PURCHASE AND SALE OF CONVERTIBLE DEBENTURES.
                  -------------------------------------------

                  (a) Purchase of Convertible Debentures. Subject to the
         satisfaction (or waiver) of the terms and conditions of this Agreement,
         each Buyer agrees, severally and not jointly, to purchase

<PAGE>

         at Closing (as defined herein below) and the Company agrees to sell and
         issue to each Buyer, severally and not jointly, at Closing, Convertible
         Debentures in amounts corresponding with the Subscription Amount set
         forth opposite each Buyer's name on Schedule I hereto. Upon execution
         hereof by a Buyer, the Buyer shall wire transfer the Subscription
         Amount set forth opposite his name on Schedule I in same-day funds or a
         check payable to "First Union National Bank, as Escrow Agent for TCPI,
         Inc / The May Davis Group, Inc.", which Subscription Amount shall be
         held in escrow pursuant to the terms of the Escrow Agreement (as
         hereinafter defined) and disbursed in accordance therewith.
         Notwithstanding the foregoing, a Buyer may withdraw his Subscription
         Amount and terminate this Agreement as to such Buyer at any time after
         the execution hereof and prior to Closing (as hereinafter defined).

                  (b) Warrants. The Buyer(s) shall receive warrants to purchase
         Shares of Common Stock equal to 20% of the number of the initial
         Conversion Shares determined as of the Closing Date, with an exercise
         price equal of $1.50. The Warrants shall have cashless exercise
         provisions. The term of the Warrants shall be three (3) years. The
         shares of Common Stock issuable upon exercise of the Warrants shall
         have registration rights as described in the Registration Rights
         Agreement, it being understood that, if the SEC requires removal of the
         Warrants from any registration statement in which the Warrants have a
         right by contract to be included, the removal of the Warrants shall not
         constitute a breach of contract by the Company, and the Company will
         use best efforts to include the Warrants (or underlying shares) in a
         registration statement in a manner acceptable to the SEC. Except as set
         forth in the immediately preceding sentence, it is specifically
         understood by the Company that the Company must register the Shares
         underlying the Warrants for the Agent in the same registration
         statement described in the Registration Rights Agreements between the
         Company and purchasers and contemplated by the Purchase Agreement. The
         Warrants shall be delivered by the Company to the Buyer simultaneous
         with and contingent upon a Closing.

                  (c) Closing Date. The closing of the purchase and sale of the
         Convertible Debentures (the "Closing") shall take place
         contemporaneously with the execution of this Agreement ("Closing Date")
         following the date hereof, subject to notification of satisfaction (or
         waiver) of the conditions to the Closing set forth in Sections 6 and 7
         below (or such later date as is mutually agreed to by the Company and
         the Buyers). The Closing shall occur on the Closing Date at the offices
         of Butler Gonzalez LLP 1000 Stuyvesant Avenue, Suite 6, Union, NJ 07083
         (or such other place as is mutually agreed to by the Company and the
         Buyers). The parties acknowledge that there may be a series of Closing.

                  (d) Escrow Arrangements; Form of Payment. Upon execution
         hereof by Buyer(s) and pending Closing, the aggregate proceeds of the
         sale of the Convertible Debentures to Buyer(s) pursuant hereto, less
         the fees and expenses of the Placement Agents, shall be deposited in a
         non-interest bearing escrow account with First Union National Bank, as
         escrow agent ("Escrow Agent"), pursuant to the terms of an escrow
         agreement between the Company, the Placement Agents and the Escrow
         Agent in the form attached hereto as Exhibit B (the "Escrow
         Agreement"). Subject to the satisfaction of the terms and conditions of
         this Agreement, on the Closing Date, (i) the Escrow Agent shall deliver
         to the Company in accordance with the terms of the Escrow Agreement
         such aggregate gross proceeds for the Convertible Debentures to be
         issued and sold to such Buyer(s) at the Closing, by wire transfer of
         immediately available funds

                                       2

<PAGE>

         in accordance with the Company's written wire instructions, and (ii)
         the Company shall deliver to each Buyer, Convertible Debentures which
         such Buyer(s) is purchasing in amounts indicated opposite such Buyer's
         name on Schedule I, duly executed on behalf of the Company.

         2.       BUYER'S REPRESENTATIONS AND WARRANTEES.
                  --------------------------------------

                  Each Buyer represents and warrants, severally and not jointly,
         that:

                  (a) Investment Purpose. Each Buyer is acquiring the
         Convertible Debentures and, upon conversion of Convertible Debentures,
         the Buyer will acquire the Conversion Shares then issuable, for its own
         account for investment only and not with a view towards, or for resale
         in connection with, the public sale or distribution thereof, except
         pursuant to sales registered or exempted under the 1933 Act; provided,
         however, that by making the representations herein, such Buyer reserves
         the right to dispose of Conversion Shares at any time in accordance
         with or pursuant to an effective registration statement covering such
         Conversion Shares or an available exemption under the 1933 Act.

                  (b) Accredited Investor Status. Each Buyer is an "Accredited
         Investor" as that term is defined in Rule 501(a)(3) of Regulation D.

                  (c) Reliance on Exemptions. Each Buyer understands that the
         Convertible Debentures and the Conversion Shares are being offered and
         sold to it in reliance on specific exemptions from the registration
         requirements of United States Federal and state securities laws and
         that the Company is relying in part upon the truth and accuracy of, and
         such Buyer's compliance with, the representations, warranties,
         agreements, acknowledgments and understandings of such Buyer set forth
         herein in order to determine the availability of such exemptions and
         the eligibility of such Buyer to acquire such securities.

                  (d) Information. Such Buyer and its advisors (and his or, its
         counsel), if any, have been furnished with all materials relating to
         the business, finances and operations of the Company and information he
         deemed material to making an informed investment decision regarding his
         purchase of the Convertible Debentures and the Conversion Shares, which
         have been requested by such Buyer. Such Buyer and its advisors, if any,
         have been afforded the opportunity to ask questions of the Company and
         its management. Neither such inquiries nor any other due diligence
         investigations conducted by such Buyer or its advisors, if any, or its
         representatives shall modify, amend or affect such Buyer's right to
         rely on the Company's representations and warranties contained in
         Section 3 below. Such Buyer understands that its investment in the
         Convertible Debentures and the Conversion Shares involves a high degree
         of risk. Buyer is in a position regarding the Company, which, based
         upon employment, family relationship or economic bargaining power,
         enabled and enables Buyer to obtain information from the Company in
         order to evaluate the merits and risks of this investment. Such Buyer
         has sought such accounting, legal and tax advice, as it has considered
         necessary to make an informed investment decision with respect to its
         acquisition of the Convertible Debentures and the Conversion Shares.

                                       3

<PAGE>

                 (e) No Governmental Review. Such Buyer understands that no
         United States Federal or state agency or any other government or
         governmental agency has passed on or made any recommendation or
         endorsement of the Convertible Debentures or the Conversion Shares, or
         the fairness or suitability of the investment in the Convertible
         Debentures or the Conversion Shares, nor have such authorities passed
         upon or endorsed the merits of the offering of the Convertible
         Debentures or the Conversion Shares.

                  (f) Transfer or Resale. Such Buyer understands that except as
         provided in the Registration Rights Agreement: (i) the Convertible
         Debentures, the Conversion Shares and the Warrants have not been and
         are not being registered under the 1933 Act or any state securities
         laws, and may not be offered for sale, sold, assigned or transferred
         unless (A) subsequently registered there under, or (B) such Buyer shall
         have delivered to the Company an opinion of counsel, in a generally
         acceptable form, to the effect that such securities to be sold,
         assigned or transferred may be sold, assigned or transferred pursuant
         to an exemption from such registration requirements; (ii) any sale of
         such securities made in reliance on Rule 144 under the 1933 Act (or a
         successor rule thereto) ("Rule 144") may be made only in accordance
         with the terms of Rule 144 and further, if Rule 144 is not applicable,
         any resale of such securities under circumstances in which the seller
         (or the person through whom the sale is made) may be deemed to be an
         underwriter (as that term is defined in the 1933 Act) may require
         compliance with some other exemption under the 1933 Act or the rules
         and regulations of the SEC there under; and (iii) neither the Company
         nor any other person is under any obligation to register such
         securities under the 1933 Act or any state securities laws or to comply
         with the terms and conditions of any exemption there under. The Company
         reserves the right to place stop transfer instructions against the
         shares and certificates for the Conversion Shares and Warrant Shares.

                  (g) Legends. Such Buyer understands that the certificates,
         Warrants or other instruments representing the stock certificates
         representing the Conversion Shares shall bear a restrictive legend in
         substantially the following form (and a stop transfer order may be
         placed against transfer of such stock certificates):

                      THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE
                      NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
                      AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE
                      SECURITIES HAVE BEEN ACQUIRED SOLELY FOR INVESTMENT
                      PURPOSES AND NOT WITH A VIEW TOWARD RESALE AND MAY
                      NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR
                      ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
                      STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT
                      OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES
                      LAWS, OR AN OPINION OF COUNSEL, IN A GENERALLY
                      ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED
                      UNDER SAID ACT OR APPLICABLE STATE SECURITIES LAWS.

         The legend set forth above shall be removed and the Company shall issue
         a certificate without such legend to the holder of the Conversion
         Shares upon which it is stamped, if, unless otherwise

                                       4

<PAGE>

         required by state securities laws, (i) in connection with a sale
         transaction, provided the Conversion Shares are registered under the
         1933 Act or (ii) in connection with a sale transaction, such holder
         provides the Company with an opinion of counsel, in form acceptable to
         the Company and its counsel, to the effect that a public sale,
         assignment or transfer of the Conversion Shares may be made without
         registration under the 1933 Act.

                  (h) Authorization, Enforcement. This Agreement has been duly
         and validly authorized, executed and delivered on behalf of such Buyer
         and is a valid and binding agreement of such Buyer enforceable in
         accordance with its terms, except as such enforceability may be limited
         by general principles of equity and to applicable bankruptcy,
         insolvency, reorganization, moratorium, liquidation and other similar
         laws relating to, or affecting generally, the enforcement of applicable
         creditors' rights and remedies.

                  (i) Receipt of Documents. Such Buyer and his or its counsel
         has received and read in their entirety: (i) this Agreement and each
         representation, warranty and covenant set forth herein, the
         Registration Rights Agreement, and the Escrow Agreement; (ii) all due
         diligence and other information necessary to verify the accuracy and
         completeness in all material respects of such representations,
         warranties and covenants; (iii) the Company's Form 10-Q for the fiscal
         quarter ended June 30, 2000; and (v) answers to all questions the Buyer
         submitted to the Company regarding an investment in the Company; and
         the Buyer has relied on the information contained therein and has not
         been furnished any other documents, literature, memorandum or
         prospectus.

                  (j) Due Formation of Corporate and Other Buyers. If the
         Buyer(s) is a corporation, trust, partnership or other entity that is
         not an individual person, it has been formed and validly exists and has
         not been organized for the specific purpose of purchasing the
         Convertible Debentures and is not prohibited from doing so.

                  (k) Due Authorization of Fiduciary Buyers. If the Buyer(s) is
         purchasing the Convertible Debentures in a fiduciary capacity for
         another person or entity, including without limitation a corporation,
         partnership, trust or any other entity, the Buyer(s) has been duly
         authorized and empowered to execute this Agreement and such other
         person fulfills all the requirements for purchase of the Convertible
         Debentures and agrees to be bound by the obligations, representations,
         warranties, and covenants contained herein. Upon request of the
         Company, the Buyer(s) will provide true, complete and current copies of
         all relevant documents creating the Buyers, authorizing its investment
         in the Company and/or evidencing the satisfaction of the foregoing.

                  (l) Further Representations by Foreign Buyers. If Buyer(s) is
         not a U.S. Person (as defined), such Buyer hereby represents that such
         Buyer(s) is satisfied as to full observance of the laws of such Buyer's
         jurisdiction in connection with any invitation to subscribe for the
         securities or any use of this Agreement, including: (i) the legal
         requirements of such Buyer's jurisdiction for the purchase of the
         securities, (ii) any foreign exchange restrictions applicable to such
         purchase, (iii) any governmental or other consents that may need to be
         obtained, and (iv) the income tax and other tax consequences, if any,
         which may be relevant to the purchase, holding, redemption, sale, or
         transfer of the securities. Such Buyer's subscription and payment for,
         and such Buyer's continued beneficial ownership of, the securities will
         not violate any applicable securities or other

                                       5

<PAGE>

         laws of such Buyer's jurisdiction. The term "U.S. Person" as used
         herein shall mean any person who is a citizen or resident of the United
         States, or any state, territory or possession thereof, including but
         not limited to any estate of any such person, or any corporation,
         partnership, trust or other entity created or existing under the laws
         thereof, or any entity controlled or owned by any of the foregoing.

                  (m) No Legal Advice From the Company. The Buyer(s) acknowledge
         that it had the opportunity to review this Agreement and the
         transactions contemplated by this Agreement with his or its own legal
         counsel and investment and tax advisors. The Buyer is relying solely on
         such counsel and advisors and not on any statements or representations
         of the Company or any of its representatives or agents for legal, tax
         or investment advice with respect to this investment, the transactions
         contemplated by this Agreement or the securities laws of any
         jurisdiction.

                  3.       REPRESENTATIONS AND WARRANTIES OF THE COMPANY.
                           ---------------------------------------------

         The Company represents and warrants to each of the Buyer (s) that
         except as otherwise specified in the Company's filings with the SEC or
         in this Agreement:

                  (a) Organization and Qualification. The Company and its
         subsidiaries are corporations duly organized and validly existing in
         good standing under the laws of the jurisdiction in which they are
         incorporated, and have the requisite corporate power to own their
         properties and to carry on their business as now being conducted. Each
         of the Company and its subsidiaries is duly qualified as a foreign
         corporation to do business and is in good standing in every
         jurisdiction in which the nature of the business conducted by it makes
         such qualification necessary, except to the extent that the failure to
         be so qualified or be in good standing would not have a material
         adverse effect on the Company and its subsidiaries taken as a whole.

                  (b) Authorization, Enforcement, Compliance with Other
         Instruments. (i) The Company has the requisite corporate power and
         authority to enter into and perform this Agreement, the Registration
         Rights Agreement and any related agreements, and to issue the
         Convertible Debentures and the Conversion Shares, the Warrants (as
         defined herein below), or shares of Common Stock issuable upon exercise
         of the Warrants (the "Warrant Shares") in accordance with the terms
         hereof and thereof, (ii) the execution and delivery of this Agreement,
         the Registration Rights Agreement and any related agreements by the
         Company and the consummation by it of the transactions contemplated
         hereby and thereby, including without limitation the issuance of the
         Convertible Debentures, the Conversion Shares and the Warrants and the
         reservation for issuance and the issuance of the Conversion Shares and
         the Warrant Shares issuable upon conversion or exercise thereof, have
         been duly authorized by the Company's Board of Directors and no further
         consent or authorization is required by the Company, its Board of
         Directors or its stockholders, (iii) this Agreement and the
         Registration Rights Agreement and any related agreements have been duly
         executed and delivered by the Company, (iv) this Agreement, the
         Registration Rights Agreement and any related agreements constitute the
         valid and binding obligations of the Company enforceable against the
         Company in accordance with their terms, except as such enforceability
         may be limited by general principles of equity or applicable
         bankruptcy, insolvency, reorganization, moratorium, liquidation or
         similar laws relating to, or affecting generally, the enforcement of
         creditors' rights and remedies.

                                       6

<PAGE>

                  (c) Capitalization. As of the date hereof, the authorized
         capital stock of the Company consists of 100,000,000 shares of Common
         Stock, par value $0.001 per share, and 25,000,000 shares of Preferred
         Stock, $0.001 per share of which as of June 6, 2000, 30,423,196 shares
         of Common Stock and 2,000 shares of Preferred Stock were issued and
         outstanding. All of such outstanding shares have been validly issued
         and are fully paid and nonassessable. Except as disclosed in Schedule
         3(c), no shares of Common Stock are subject to preemptive rights or any
         other similar rights or any liens or encumbrances suffered or permitted
         by the Company. Except as disclosed in Schedule 3(c), as of the date of
         this Agreement, (i) there are no outstanding options, warrants, scrip,
         rights to subscribe to, calls or commitments of any character
         whatsoever relating to, or securities or rights convertible into, any
         shares of capital stock of the Company or any of its subsidiaries, or
         contracts, commitments, understandings or arrangements by which the
         Company or any of its subsidiaries is or may become bound to issue
         additional shares of capital stock of the Company or any of its
         subsidiaries or options, warrants, scrip, rights to subscribe to, calls
         or commitments of any character whatsoever relating to, or securities
         or rights convertible into, any shares of capital stock of the Company
         or any of its subsidiaries, (ii) there are no outstanding debt
         securities and (iii) there are no agreements or arrangements under
         which the Company or any of its subsidiaries is obligated to register
         the sale of any of their securities under the 1933 Act (except pursuant
         to the Registration Rights Agreements). There are no securities or
         instruments containing anti-dilution or similar provisions that will be
         triggered by the issuance of the Convertible Debentures, the Conversion
         Shares, the Warrants, or the Warrant Shares as described in this
         Agreement. The Company has furnished to the Buyer true and correct
         copies of the Company's Certificate of Incorporation, as amended and as
         in effect on the date hereof (the "Certificate of Incorporation"), and
         the Company's By-laws, as in effect on the date hereof (the "By-laws"),
         and the terms of all securities convertible into or exercisable for
         Common Stock and the material rights of the holders thereof in respect
         thereto other than stock options issued to employees and consultants.

                  (d) Issuance of Securities. The Convertible Debentures are
         duly authorized and, upon issuance in accordance with the terms hereof,
         shall be duly issued, fully paid and nonassessable, are free from all
         taxes, liens and charges with respect to the issue thereof. The
         Conversion Shares issuable upon conversion of the Convertible
         Debentures have been duly authorized and reserved for issuance. Upon
         conversion or exercise in accordance with the Convertible Debentures or
         the terms of the Warrants and receipt of payment therefore (in the case
         of the Warrant Shares), the Conversion Shares and the Warrant Shares
         will be duly issued, fully paid and nonassessable.

                  (e) No Conflicts. Except as disclosed in Schedule 3(e), the
         execution, delivery and performance of this Agreement by the Company
         and the consummation by the Company of the transactions contemplated
         hereby will not (i) result in a material violation of the Certificate
         of Incorporation, any certificate of designations of any outstanding
         series of preferred stock of the Company or By-laws or (ii) conflict
         with or constitute a default (or an event which with notice or lapse of
         time or both would become a default) under, or give to others any
         rights of termination, amendment, acceleration or cancellation of, any
         agreement, indenture or instrument to which the Company or any of its
         subsidiaries is a party, or result in a material violation of any law,
         rule, regulation, order, judgment or decree (including federal and
         state securities laws and regulations and the rules and regulations of
         The Nasdaq Stock Market Inc.'s National Market on which the

                                       7

<PAGE>

         Common Stock is quoted) applicable to the Company or any of its
         subsidiaries or by which any property or asset of the Company or any of
         its subsidiaries is bound or affected. Except as disclosed in Schedule
         3(e), neither the Company nor its subsidiaries is in violation of any
         term of or in default under its Certificate of Incorporation or By-laws
         or their organizational charter or by-laws, respectively, or any
         material contract, agreement, mortgage, indebtedness, indenture,
         instrument, judgment, decree or order or any statute, rule or
         regulation applicable to the Company or its subsidiaries. The business
         of the Company and its subsidiaries is not being conducted, and shall
         not be conducted in violation of any material law, ordinance,
         regulation of any governmental entity. Except as specifically
         contemplated by this Agreement and as required under the 1933 Act and
         any applicable state securities laws, the Company is not required to
         obtain any consent, authorization or order of, or make any filing or
         registration with, any court or governmental agency in order for it to
         execute, deliver or perform any of its obligations under or
         contemplated by this Agreement or the Registration Rights Agreement in
         accordance with the terms hereof or thereof. Except as disclosed in
         Schedule 3(e), all consents, authorizations, orders, filings and
         registrations which the Company is required to obtain pursuant to the
         preceding sentence have been obtained or effected on or prior to the
         date hereof. The Company and its subsidiaries are unaware of any facts
         or circumstance, which might give rise to any of the foregoing.

                  (f) SEC Documents: Financial Statements. The Company has filed
         all reports, schedules, forms, statements and other documents required
         to be filed by it with the SEC under of the Securities Exchange Act of
         1934, as amended (the "1934 Act") (all of the foregoing filed prior to
         the date hereof and all exhibits included therein and financial
         statements and schedules thereto and documents incorporated by
         reference therein, being hereinafter referred to as the "SEC
         Documents"). The Company has delivered to the Buyers or their
         representatives, or made available through the SEC's website at
         http://www.sec.gov., true and complete copies of the SEC Documents. As
         of their respective dates, the financial statements of the Company
         disclosed in the SEC Documents (the "Financial Statements") complied as
         to form in all material respects with applicable accounting
         requirements and the published rules and regulations of the SEC with
         respect thereto. Such financial statements have been prepared in
         accordance with generally accepted accounting principles, consistently
         applied, during the periods involved (except (i) as may be otherwise
         indicated in such financial statements or the notes thereto, or (ii) in
         the case of un-audited interim statements, to the extent they may
         exclude footnotes or may be condensed or summary statements) and fairly
         present in all material respects the financial position of the Company
         as of the dates thereof and the results of its operations and cash
         flows for the periods then ended (subject, in the case of un-audited
         statements, to normal year-end audit adjustments). No other information
         provided by or on behalf of the Company to the Buyer which is not
         included in the SEC Documents, including, without limitation,
         information referred to in Section 2(d) and (i) of this Agreement,
         contains any untrue statement of a material fact or omits to state any
         material fact necessary in order to make the statements therein, in the
         light of the circumstances under which they were made, not misleading.

                  (g) 10(b)-5. As of the date filed, the SEC Documents do not
         include any untrue statements of material fact, nor do they omit to
         state any material fact required to be stated therein necessary to make
         the statements made, in light of the circumstances under which they
         were made, not misleading.

                                       8

<PAGE>

                  (h) Absence of Certain Changes. As of July 26, 2000 except as
         disclosed in Schedules to this Agreement and the SEC Documents, there
         has been no material adverse change and no material adverse development
         in the business, properties, operations, financial condition, results
         of operations or prospects of the Company or its subsidiaries. The
         Company has not taken any steps, and does not currently expect to take
         any steps, to seek protection pursuant to any bankruptcy law nor does
         the Company or its subsidiaries have any knowledge or reason to believe
         that its creditors intend to initiate involuntary bankruptcy
         proceedings.

                  (i) Absence of Litigation. Except as disclosed in Schedules to
         this Agreement there is no action, suit, proceeding, inquiry or
         investigation before or by any court, public board, government agency,
         self-regulatory organization or body pending against or affecting the
         Company, the Common Stock or any of the Company's subsidiaries, wherein
         an unfavorable decision, ruling or finding would (i) have a material
         adverse effect on the transactions contemplated hereby (ii) adversely
         affect the validity or enforceability of, or the authority or ability
         of the Company to perform its obligations under, this Agreement or any
         of the documents contemplated herein, or (iii) except as expressly
         disclosed in the SEC Documents, have a material adverse effect on the
         business, operations, properties, financial condition or results of
         operation of the Company and its subsidiaries taken as a whole.

                  (j) Acknowledgment Regarding Buyer's Purchase of the
         Convertible Debentures. The Company acknowledges and agrees that the
         Buyer(s) is acting solely in the capacity of an arm's length purchaser
         with respect to this Agreement and the transactions contemplated
         hereby. The Company further acknowledges that the Buyer(s) is not
         acting as a financial advisor or fiduciary of the Company (or in any
         similar capacity) with respect to this Agreement and the transactions
         contemplated hereby and any advice given by the Buyer(s) or any of
         their respective representatives or agents in connection with this
         Agreement and the transactions contemplated hereby is merely incidental
         to such Buyer's purchase of the Convertible Debentures or the
         Conversion Shares. The Company further represents to the Buyer that the
         Company's decision to enter into this Agreement has been based solely
         on the independent evaluation by the Company and its representatives.

                  (k) Employee Relations. Neither the Company nor any of its
         subsidiaries is involved in any labor dispute nor, to the knowledge of
         the Company or any of its subsidiaries, is any such dispute threatened.
         None of the Company's or its subsidiaries' employees is a member of a
         union and the Company and its subsidiaries believe that their relations
         with their employees are good.

                  (l) Intellectual Property Rights. The Company and its
         subsidiaries own or possess adequate rights or licenses to use all
         trademarks, trade names, service marks, service mark registrations,
         service names, patents, patent rights, copyrights, inventions,
         licenses, approvals, governmental authorizations, trade secrets and
         rights necessary to conduct their respective businesses as now
         conducted. Except as disclosed in Schedules to this Agreement and the
         SEC Documents , the Company and its subsidiaries do not have any
         knowledge of any infringement by the Company or its subsidiaries of
         trademark, trade name rights, patents, patent rights, copyrights,
         inventions, licenses, service names, service marks, service mark
         registrations, trade

                                       9

<PAGE>

         secret or other similar rights of others, and, , to the knowledge of
         the Company, there is no claim, action or proceeding being made or
         brought against, or to the Company's knowledge, being threatened
         against, the Company or its subsidiaries regarding trademark, trade
         name, patents, patent rights, invention, copyright, license, service
         names, service marks, service mark registrations, trade secret or other
         infringement; and the Company and its subsidiaries are unaware of any
         facts or circumstances which might give rise to any of the foregoing.

                  (m) Environmental Laws. The Company and its subsidiaries are
         (i) in compliance with any and all applicable foreign, federal, state
         and local laws and regulations relating to the protection of human
         health and safety, the environment or hazardous or toxic substances or
         wastes, pollutants or contaminants ("Environmental Laws"), (ii) have
         received all permits, licenses or other approvals required of them
         under applicable Environmental Laws to conduct their respective
         businesses and (iii) are in compliance with all material terms and
         conditions of any such permit, license or approval.

                  (n) Title. The Company and its subsidiaries have good and
         marketable title in fee simple to all real property and good and
         marketable title to all personal property owned by them which is
         material to the business of the Company and its subsidiaries, in each
         case free and clear of all liens, encumbrances and defects except such
         as are described in Schedule 3(p), are disclosed in the SEC Documents
         or such as do not materially affect the value of such property and do
         not interfere with the use made and proposed to be made of such
         property by the Company and its subsidiaries. Any real property and
         facilities held under lease by the Company and its subsidiaries are
         held by them under valid, subsisting and enforceable leases with such
         exceptions as are not material and do not interfere with the use made
         and proposed to be made of such property and buildings by the Company
         and its subsidiaries.

                  (o) Insurance. The Company and each of its subsidiaries are
         insured by insurers of recognized financial responsibility against such
         losses and risks and in such amounts as management of the Company
         believes to be prudent and customary in the businesses in which the
         Company and its subsidiaries are engaged. Neither the Company nor any
         such subsidiary has been refused any insurance coverage sought or
         applied for and neither the Company nor any such subsidiary has any
         reason to believe that it will not be able to renew its existing
         insurance coverage as and when such coverage expires or to obtain
         similar coverage from similar insurers as may be necessary to continue
         its business at a cost that would not materially and adversely affect
         the condition, financial or otherwise, or the earnings, business or
         operations of the Company and its subsidiaries, taken as a whole.

                  (p) Regulatory Permits. Except as disclosed in Schedules to
         this Agreement the Company and its subsidiaries possess or have applied
         all certificates, authorizations and permits issued by the appropriate
         federal, state or foreign regulatory authorities necessary to conduct
         their respective businesses, and neither the Company nor any such
         subsidiary has received any notice of proceedings relating to the
         revocation or modification of any such certificate, authorization or
         permit.

                                       10

<PAGE>

                  (q) Internal Accounting Controls. The Company and each of its
         subsidiaries maintain a system of internal accounting controls
         sufficient to provide reasonable assurance that (i) transactions are
         executed in accordance with management's general or specific
         authorizations, (ii) transactions are recorded as necessary to permit
         preparation of financial statements in conformity with generally
         accepted accounting principles and to maintain asset accountability,
         and (iii) the recorded amounts for assets is compared with the existing
         assets at reasonable intervals and appropriate action is taken with
         respect to any differences.

                  (r) No Material Adverse Breaches, etc. Except as set forth in
         the SEC Documents, neither the Company nor any of its subsidiaries is
         subject to any charter, corporate or other legal restriction, or any
         judgment, decree, order, rule or regulation which in the judgment of
         the Company's officers has or is expected in the future to have a
         material adverse effect on the business, properties, operations,
         financial condition, results of operations or prospects of the Company
         or its subsidiaries. Neither the Company nor any of its subsidiaries is
         in breach of any material contract or agreement which breach, in the
         judgment of the Company's officers, has or is expected to have a
         material adverse effect on the business, properties, operations,
         financial condition, results of operations or prospects of the Company
         or its subsidiaries.

                  (s) Tax Status. The Company and each of its subsidiaries has
         made or filed all federal and state income and all other tax returns,
         reports and declarations required by any jurisdiction to which it is
         subject and (unless and only to the extent that the Company and each of
         its subsidiaries has set aside on its books provisions reasonably
         adequate for the payment of all unpaid and unreported taxes) has paid
         all taxes and other governmental assessments and charges that are
         material in amount, shown or determined to be due on such returns,
         reports and declarations, except those being contested in good faith
         and has set aside on its books provision reasonably adequate for the
         payment of all taxes for periods subsequent to the periods to which
         such returns, reports or declarations apply. There are no unpaid taxes
         in any material amount claimed to be due by the taxing authority of any
         jurisdiction, and the officers of the Company know of no basis for any
         such claim.

                  (t) Certain Transactions. Except as set forth in the SEC
         Documents and except for arm's length transactions pursuant to which
         the Company makes payments in the ordinary course of business upon
         terms no less favorable than the Company could obtain from third
         parties and other than the grant of stock options disclosed on Schedule
         3(c), none of the officers, directors, or employees of the Company is
         presently a party to any transaction with the Company (other than for
         services as employees, officers and directors), including any contract,
         agreement or other arrangement providing for the furnishing of services
         to or by, providing for rental of real or personal property to or from,
         or otherwise requiring payments to or from any officer, director or
         such employee or, to the knowledge of the Company, any corporation,
         partnership, trust or other entity in which any officer, director, or
         any such employee has a substantial interest or is an officer,
         director, trustee or partner.

                  (u) Fees and Rights of First Refusal. The Company is not
         obligated to offer the securities offered hereunder on a right of first
         refusal basis or otherwise to any third parties including, but not
         limited to, current or former shareholders of the Company,
         underwriters, brokers, agents or other third parties.

                                       11

<PAGE>

                  4.  COVENANTS.
                      ---------

                  (a) Best Efforts. Each party shall use its best efforts timely
         to satisfy each of the conditions to be satisfied by it as provided in
         Sections 6 and 7 of this Agreement.

                  (b) Form D. The Company agrees to file a Form D with respect
         to the Conversion Shares as required under Regulation D and to provide
         a copy thereof to each Buyer promptly after such filing. The Company
         shall, on or before the Closing Date, take such action as the Company
         shall reasonably determine is necessary to qualify the Conversion
         Shares for, or obtain exemption the Conversion Shares for, sale to the
         Buyers at the Closing pursuant to this Agreement under applicable
         securities or "Blue Sky" laws of the states of the United States, and
         shall provide evidence of any such action so taken to the Buyers on or
         prior to the Closing Date.

                  (c) Reporting Status. Until the earlier of (i) the date as of
         which the Buyer(s) (as that term is defined in the Registration Rights
         Agreement) may sell all of the Conversion Shares and the Warrant Shares
         without restriction pursuant to Rule 144(k) promulgated under the 1933
         Act (or successor thereto), or (ii) the date on which (A) the Buyer(s)
         shall have sold all the Conversion Shares and (B) none of the
         Convertible Debentures or the Warrants are outstanding (the
         "Registration Period"), the Company shall file in a timely manner all
         reports required to be filed with the SEC pursuant to the 1934 Act and
         the regulations of the SEC there under, and the Company shall not
         terminate its status as an issuer required to file reports under the
         1934 Act even if the 1934 Act or the rules and regulations there under
         would otherwise permit such termination.

                  (d) Use of Proceeds. The Company will use the proceeds from
         the sale of the Convertible Debentures for acquisitions and general
         corporate purposes.

                  (e) Reservation of Shares. The Company shall take all action
         reasonably necessary to at all times have authorized, and reserved for
         the purpose of issuance, such number of shares of Common Stock as shall
         be necessary to effect the issuance of the Conversion Shares and the
         Warrant Shares. If at any time the Company does not have available such
         shares of Common Stock as shall from time to time be sufficient to
         effect the conversion of all of the Conversion Shares and the exercise
         of the Warrant Shares the Company shall call and hold a special meeting
         within one hundred and twenty days (120) of such occurrence, for the
         sole purpose of increasing the number of shares authorized. The
         Company's management shall recommend to the shareholders to vote in
         favor of increasing the number of shares of common stock authorized.
         Management shall also vote all of its shares in favor of increasing the
         number of common shares authorized.

                  (f) Listings or Quotation. The Company shall promptly secure
         the listing or quotation of the Conversion Shares upon each national
         securities exchange, automated quotation system or over-the-counter
         bulletin board or other market, if any, upon which shares of Common
         Stock are then listed or quoted (subject to official notice of
         issuance) and shall use it best efforts to maintain, so long as any
         other shares of Common Stock shall be so listed, such listing of all
         Conversion Shares from time to time issuable under the terms of this
         Agreement. The Company shall maintain the Common Stock's authorization
         for quotation in the over-the counter market

                                       12

<PAGE>

                  (g) Expenses. Each of the Company and the Buyer(s) shall pay
         all costs and expenses incurred by such party in connection with the
         negotiation, investigation, preparation, execution and delivery of this
         Agreement and the Registration Rights Agreement. The costs and expenses
         of the Placement Agents and its counsel shall be paid for by the
         Company at Closing in accordance with the terms of the Placement Agency
         Agreement between the Company and the Placement Agent, dated
         simultaneously herewith.

                  (h) Corporate Existence. So long as any of the Convertible
         Debentures remain outstanding, the Company shall not directly or
         indirectly consummate any merger, reorganization, restructuring,
         consolidation, sale of all or substantially all of the Company's assets
         or any similar transaction or related transactions (each such
         transaction, a "Sale of the Company") unless, prior to the consummation
         of a Sale of the Company, the Company makes appropriate provision to
         insure that, upon the consummation of such Sale of the Company, each of
         the holders of the Convertible Debentures will thereafter have the
         right to acquire and receive such shares of stock, securities or assets
         as may be issued or payable with respect to or in exchange for the
         number of shares of Common Stock immediately theretofore acquirable and
         receivable upon the conversion of such holder's Convertible Debentures
         had such Sale of the Company not taken place. In any such case, the
         Company will make appropriate provision with respect to such holders'
         rights and interests to insure that the provisions of this Section 4(h)
         will thereafter be applicable to the Convertible Debentures.

                  (i) Transactions With Affiliates. So long as any Convertible
         Debentures are outstanding, the Company shall not, and shall cause each
         of its subsidiaries not to, enter into, amend, modify or supplement, or
         permit any subsidiary to enter into, amend, modify or supplement any
         agreement, transaction, commitment, or arrangement with any of its or
         any subsidiary's officers, directors, person who were officers or
         directors at any time during the previous two years, stockholders who
         beneficially own 5% or more of the Common Stock, or affiliates or with
         any individual related by blood, marriage, or adoption to any such
         individual or with any entity in which any such entity or individual
         owns a 5% or more beneficial interest (each a "Related Party"), except
         for (a) customary employment arrangements and benefit programs on
         reasonable terms, (b) any investment in an affiliate of the Company,
         (c) any agreement, transaction, commitment, or arrangement on an
         arms-length basis on terms no less favorable than terms which would
         have been obtainable from a person other than such Related Party, (d)
         any agreement transaction, commitment, or arrangement which is approved
         by a majority of the disinterested directors of the Company, for
         purposes hereof, any director who is also an officer of the Company or
         any subsidiary of the Company shall not be disinterested director with
         respect to any such agreement, transaction, commitment, or arrangement.
         "Affiliate" for purposes hereof means, with respect to any person or
         entity, another person or entity that, directly or indirectly, (i) has
         a 5% or more equity interest in that person or entity, (ii) has 10% or
         more common ownership with that person or entity, (iii) controls that
         person or entity, or (iv) shares common control with that person or
         entity. "Control" or "controls" for purposes hereof means that a person
         or entity has the power, direct or indirect, to conduct or govern the
         policies of another person or entity.

                                       13

<PAGE>

                  (j) Warrant Issuances. Subject to the satisfaction of the
         terms and condition of this Agreement, The May Davis Group, Inc., as
         the Placement Agent will receive on the Closing Date warrants
         ("Convertible Warrants") to purchase up to 2,000,000 shares of Common
         Stock (the "Convertible Warrant Shares") at an exercise price of $1.50
         per share; 1 million Convertible Warrant Shares on the purchase of
         $700,000 in Convertible Debentures and 125,000 Convertible Warrant
         Shares for each $100,000 Convertible Debentures purchased thereafter.
         The Warrants shall be exercisable for a period of five (5) years from
         the date of issuance and shall be substantially in the form of the form
         of Warrant hereto as Exhibit C. The Company shall have the right to
         force conversion of the Convertible Warrants if the common stock of the
         Company closes as a bid price of $3.00 or higher for ten (10)
         consecutive trading days.

                  (k) Transfer Agent. The Company covenants and agrees that, in
         the event that the Company's agency relationship with the transfer
         agent should be terminated for any reason prior to a date which is two
         (2) years after the Closing Date, the Company shall immediately appoint
         a new transfer agent and shall require that the transfer agent execute
         and agree to be bound by the terms of the Irrevocable Instructions to
         Transfer Agent.

         5.       TRANSFER AGENT INSTRUCTIONS.
                  ---------------------------

                  The Company shall issue irrevocable instructions in the form
         attached hereto as Exhibit D to its transfer agent to issue
         certificates, registered in the name of the Buyer(s) or its respective
         nominee(s), for the Conversion Shares and the Warrant Shares
         representing such amounts of Convertible Debentures or Warrants as
         specified from time to time by the Buyer(s) to the Company upon
         conversion of the Convertible Debentures or the exercise of the
         Warrants and payment therefore (the "Irrevocable Transfer Agent
         Instructions"). Prior to registration of the Conversion Shares and the
         Warrant Shares under the 1933 Act, all such certificates shall bear the
         restrictive legend specified in Section 2(g) of this Agreement. The
         Company warrants that no instruction other than the Irrevocable
         Transfer Agent Instructions referred to in this Section 5, and stop
         transfer instructions to give effect to Section 2(f) hereof (in the
         case of the Conversion Shares or the Warrant Shares, prior to
         registration of such shares under the 1933 Act) will be given by the
         Company to its transfer agent and that the Conversion Shares or the
         Warrant Shares shall otherwise be freely transferable on the books and
         records of the Company as and to the extent provided in this Agreement
         and the Registration Rights Agreement. Nothing in this Section 5 shall
         affect in any way the Buyer's obligations and agreement to comply with
         all applicable securities laws upon resale of Conversion Shares or the
         Warrant Shares. If the Buyer(s) or Warrant holder provides the Company
         with an opinion of counsel, reasonably satisfactory in form, and
         substance to the Company, that registration of a resale by the Buyer(s)
         of any of the Conversion Shares, or the Warrant Shares is not required
         under the 1933 Act, the Company shall permit the transfer, and, in the
         case of the Conversion Shares or the Warrant Shares, promptly instruct
         its transfer agent to issue one or more certificates in such name and
         in such denominations as specified by the Buyer. The Company
         acknowledges that a breach by it of its obligations hereunder will
         cause irreparable harm to the Buyer by vitiating the intent and purpose
         of the transaction contemplated hereby. Accordingly, the Company
         acknowledges that the remedy at law for a breach of its obligations
         under this Section 5 will be inadequate and

                                       14

<PAGE>

         agrees, in the event of a breach or threatened breach by the Company of
         the provisions of this Section 5, that the Buyer(s) shall be entitled,
         in addition to all other available remedies, to an injunction
         restraining any breach and requiring immediate issuance and transfer,
         without the necessity of showing economic loss and without any bond or
         other security being required.

         6.       CONDITIONS TO THE COMPANY'S OBLIGATION TO SELL.
                  ----------------------------------------------

                  The obligation of the Company hereunder to issue and sell the
         Convertible Debentures to the Buyer(s) at the Closing is subject to the
         satisfaction, at or before the Closing Date, of each of the following
         conditions, provided that these conditions are for the Company's sole
         benefit and may be waived by the Company at any time in its sole
         discretion:

                  (a) Each Buyer shall have executed this Agreement and the
         Registration Rights Agreement and delivered the same to the Company.

                  (b) The Buyer(s) shall have delivered to the Escrow Agent the
         Purchase Price for Convertible Debentures in respective amounts as set
         forth next to each Buyer as outlined on Schedule and the Escrow Agent
         shall have delivered such funds to the Company by wire transfer of
         immediately available U.S. funds pursuant to the wire instructions
         provided by the Company.

                  (c) The representations and warranties of the Buyer(s) shall
         be true and correct in all material respects as of the date when made
         and as of the Closing Date as though made at that time (except for
         representations and warranties that speak as of a specific date), and
         the Buyer(s) shall have performed, satisfied and complied in all
         material respects with the covenants, agreements and conditions
         required by this Agreement to be performed, satisfied or complied with
         by the Buyer(s) at or prior to the Closing Date.

         7.       CONDITIONS TO THE BUYER'S OBLIGATION TO PURCHASE.
                  ------------------------------------------------

                  The obligation of the Buyer(s) hereunder to purchase the
         Convertible Debenture at the Closing is subject to the satisfaction, at
         or before the Closing Date, of each of the following conditions,
         provided that these conditions are for the Buyer's sole benefit and may
         be waived by the Buyer(s) at any time in its sole discretion:

                  (a) The Company shall have executed this Agreement and the
         Registration Rights Agreement, and delivered the same to the Buyer(s).

                  (b) The Common Stock shall be authorized for quotation on The
         Nasdaq Stock Market, Inc.'s National Market or OTC Bulletin Board,
         trading in the Common Stock shall not have been suspended for any
         reason and all of the Conversion Shares issuable upon conversion of the
         Convertible Debentures shall be approved for listing or quotation on
         The Nasdaq Stock Market, Inc.'s OTC Bulletin Board.

                                       15

<PAGE>

                  (c) The representations and warranties of the Company shall be
         true and correct in all material respects (except to the extent that
         any of such representations and warranties is already qualified as to
         materiality in Section 3 above, in which case, such representations and
         warranties shall be true and correct without further qualification) as
         of the date when made and as of the Closing Date as though made at that
         time (except for representations and warranties that speak as of a
         specific date) and the Company shall have performed, satisfied and
         complied in all material respects with the covenants, agreements and
         conditions required by this Agreement to be performed, satisfied or
         complied with by the Company at or prior to the Closing Date. The Buyer
         shall have received a certificate, executed by the Chief Executive
         Officer of the Company, dated as of the Closing Date, to the foregoing
         effect and as to such other matters as may be reasonably requested by
         the Buyer including, without limitation an update as of the Closing
         Date regarding the representation contained in Section 3(c) above.

                  (e) The Company shall have executed and delivered to the
         Buyer(s) the Convertible Debentures in the respective amounts set forth
         opposite each Buyer(s) name on Schedule I.

                  (f) As of the Closing Date, the Company shall have reserved
         out of its authorized and unissued Common Stock, solely for the purpose
         of effecting the conversion of the Convertible Debentures and
         permitting the exercise of the Warrants, such shares of Common Stock to
         effect the conversion of all of the Conversion Shares and the exercise
         of all the Warrants then outstanding.

                  (g) The Irrevocable Transfer Agent Instructions, in form and
         substance satisfactory to the Buyer, shall have been delivered to and
         acknowledged in writing by the Company's transfer agent.

         8.       INDEMNIFICATION.
                  ---------------

                  (a) In consideration of the Buyer's execution and delivery of
         this Agreement and acquiring the Convertible Debentures and the
         Conversion Shares hereunder, and in addition to all of the Company's
         other obligations under this Agreement, the Company shall defend,
         protect, indemnify and hold harmless the Buyer(s) and each other holder
         of the Convertible Debentures and the Conversion Shares, and all of
         their officers, directors, employees and agents (including, without
         limitation, those retained in connection with the transactions
         contemplated by this Agreement) (collectively, the " Buyer
         Indemnitees") from and against any and all actions, causes of action,
         suits, claims, losses, costs, penalties, fees, liabilities and damages,
         and expenses in connection therewith (irrespective of whether any such
         Buyer Indemnitee is a party to the action for which indemnification
         hereunder is sought), and including reasonable attorneys' fees and
         disbursements (the "Indemnified Liabilities"), incurred by the Buyer
         Indemnitees or any of them as a result of, or arising out of, or
         relating to (a) any misrepresentation or breach of any representation
         or warranty made by the Company in this Agreement, the Convertible
         Debentures or the Registration Rights Agreement or any other
         certificate, instrument or document contemplated hereby or thereby, (b)
         any breach of any covenant, agreement or obligation of the Company
         contained in this Agreement, the Certificate of Designations, or the
         Registration Rights Agreement or any other certificate, instrument or
         document contemplated hereby or thereby, or (c) any cause of action,
         suit or claim brought or made against such Indemnitee and arising out
         of or resulting from the execution, delivery, performance or
         enforcement of this Agreement or any other instrument, document or
         agreement executed pursuant hereto by any of the Indemnities, any
         transaction financed or to be financed in whole or in part, directly or
         indirectly, with the proceeds of the issuance of the Convertible
         Debentures or the status of the Buyer or holder of the

                                       16

<PAGE>

         Convertible Debentures, the Conversion Shares, as an Buyer in the
         Company. To the extent that the foregoing undertaking by the Company
         may be unenforceable for any reason, the Company shall make the maximum
         contribution to the payment and satisfaction of each of the Indemnified
         Liabilities, which is permissible under applicable law.

                  (b) In consideration of the Company's execution and delivery
         of this Agreement, and in addition to all of the Buyer's other
         obligations under this Agreement, the Buyer shall defend, protect,
         indemnify and hold harmless the Company and all of it's officers,
         directors, employees and agents (including, without limitation, those
         retained in connection with the transactions contemplated by this
         Agreement) (collectively, the Company Indemnitees") from and against
         any and all Indemnified Liabilities incurred by the Indemnitees or any
         of them as a result of, or arising out of, or relating to (a) any
         misrepresentation or breach of any representation or warranty made by
         the Buyer(s) in this Agreement, instrument or document contemplated
         hereby or thereby executed by the Buyer, (b) any breach of any
         covenant, agreement or obligation of the Buyer(s) contained in this
         Agreement, the Registration Rights Agreement or any other certificate,
         instrument or document contemplated hereby or thereby executed by the
         Buyer, or (c) any cause of action, suit or claim brought or made
         against such Company Indemnitee based on material misrepresentations or
         due to a material breach and arising out of or resulting from the
         execution, delivery, performance or enforcement of this Agreement or
         any other instrument, document or agreement executed pursuant hereto by
         any of the Company Indemnities. To the extent that the foregoing
         undertaking by the Company may be unenforceable for any reason, the
         Company shall make the maximum contribution to the payment and
         satisfaction of each of the Indemnified Liabilities, which is
         permissible under applicable law.

         9.       GOVERNING LAW: MISCELLANEOUS.
                  ----------------------------

                  (a) Governing Law. This Agreement shall be governed by and
         interpreted in accordance with the laws of the State of New York
         without regard to the principles of conflict of laws. The parties
         further agree that any action between them shall be heard in New York
         City, New York, and expressly consent to the jurisdiction and venue of
         the Supreme Court of New York and the United States District Court for
         the Southern District of New York for the adjudication of any civil
         action asserted pursuant to this Paragraph.

                  (b) Counterparts. This Agreement may be executed in two or
         more identical counterparts, all of which shall be considered one and
         the same agreement and shall become effective when counterparts have
         been signed by each party and delivered to the other party. In the
         event any signature page is delivered by facsimile transmission, the
         party using such means of delivery shall cause four (4) additional
         original executed signature pages to be physically delivered to the
         other party within five (5) days of the execution and delivery hereof

                  (c) Headings. The headings of this Agreement are for
         convenience of reference and shall not form part of, or affect the
         interpretation of, this Agreement.

                                       17

<PAGE>

                  (d) Severability. If any provision of this Agreement shall be
         invalid or unenforceable in any jurisdiction, such invalidity or
         unenforceability shall not affect the validity or enforceability of the
         remainder of this Agreement in that jurisdiction or the validity or
         enforceability of any provision of this Agreement in any other
         jurisdiction.

                  (e) Entire Agreement, Amendments. This Agreement supersedes
         all other prior oral or written agreements between the Buyer(s), the
         Company, their affiliates and persons acting on their behalf with
         respect to the matters discussed herein, and this Agreement and the
         instruments referenced herein contain the entire understanding of the
         parties with respect to the matters covered herein and therein and,
         except as specifically set forth herein or therein, neither the Company
         nor any Buyer makes any representation, warranty, covenant or
         undertaking with respect to such matters. No provision of this
         Agreement may be waived or amended other than by an instrument in
         writing signed by the party to be charged with enforcement.

                  (f) Notices. Any notices, consents, waivers, or other
         communications required or permitted to be given under the terms of
         this Agreement must be in writing and will be deemed to have been
         delivered (i) upon receipt, when delivered personally; (ii) upon
         receipt, when sent by facsimile, provided a copy is mailed by U.S.
         certified mail, return receipt requested; (iii) three (3) days after
         being sent by U.S. certified mail, return receipt requested, or (iv)
         one (1) day after deposit with a nationally recognized overnight
         delivery service, in each case properly addressed to the party to
         receive the same. The addresses and facsimile numbers for such
         communications shall be:

                                       If to the Company, to:

                                       TCPI, Inc.
                                       3341 S.W. 15th Street
                                       Pompano Beach, FL  33069

                                       Attention:  Walter V. Usinowicz,
                                                   Chief Financial Officer
                                       Telephone:     (954) 979-0400
                                       Facsimile:     (954) 979-6125

                                       With a copy to:

                                                  Jay E. Eckhaus, Esq.
                                                  3341 S.W. 15th Street
                                                  Pompano Beach, FL  33069

                                                  Telephone:(954) 979-0400
                                                  Facsimile:   (954) 979-6125

                                       and

                                       18

<PAGE>

                                       Teddy D. Klinghoffer, Esq.
                                       Akerman, Senterfitt & Eidson, P.A.
                                       Suntrust International Center, 26th Floor
                                       One S.E. 3rd Avenue
                                       Miami, FL 33131-1714

                                       Telephone: (305) 374-5600
                                       Facsimile: (305) 374-5095

                                       If to the Transfer Agent, to:

                                       OTC Corporate Transfer Services
                                       9 Field Avenue
                                       Hicksville, NY 11801
                                       Telephone: (516) 433-6503
                                       Facsimile: (516) 935-3895

                  If to the Buyer(s), to its address and facsimile number on
         Schedule I, with copies to the Buyer's counsel as set forth on Schedule
         I. Each party shall provide five (5) days' prior written notice to the
         other party of any change in address or facsimile number.

                  (g) Successors and Assigns. This Agreement shall be binding
         upon and inure to the benefit of the parties and their respective
         successors and assigns. Neither the Company nor any Buyer shall assign
         this Agreement or any rights or obligations hereunder without the prior
         written consent of the other party hereto.

                  (h) No Third Party Beneficiaries. This Agreement is intended
         for the benefit of the parties hereto and their respective permitted
         successors and assigns, and is not for the benefit of, nor may any
         provision hereof be enforced by, any other person.

                  (i) Survival. Unless this Agreement is terminated under
         Section 9(l), the representations and warranties of the Company and the
         Buyers contained in Section 2, the agreements and covenants set forth
         in Sections 4, 5 and 9, and the indemnification provisions set forth in
         Section 8, shall survive the Closing for a period of one (1) year
         following the date on which the Convertible Debentures are converted in
         full. The representations and warranties set forth in Section 3 shall
         survive for a period of one (1) year from the date of closing. The
         Buyer(s) shall be responsible only for its own representations,
         warranties, agreements and covenants hereunder.

                  (j) Publicity. The Company and the Buyer(s) shall have the
         right to approve, before issuance any press release or any other public
         statement with respect to the transactions contemplated hereby made by
         any party; provided, however, that the Company shall be entitled,
         without the prior approval of the Buyer(s), to issue any press release
         or other public disclosure with respect to such transactions required
         under applicable securities or other laws or regulations (the Buyer(s)
         shall be consulted by the Company in connection with any such press
         release or other public disclosure prior to its release and Buyer(s)
         shall be provided with a copy thereof upon release thereof).

                                       19

<PAGE>

                  (k) Further Assurances. Each party shall do and perform, or
         cause to be done and performed, all such further acts and things, and
         shall execute and deliver all such other agreements, certificates,
         instruments and documents, as the other party may reasonably request in
         order to carry out the intent and accomplish the purposes of this
         Agreement and the consummation of the transactions contemplated hereby.

                  (1) Termination. In the event that the Closing shall not have
         occurred with respect to the Buyers on or before ten (10) business days
         from the date hereof due to the Company's or the Buyer's failure to
         satisfy the conditions set forth in Sections 6 and 7 above (and the
         non-breaching party's failure to waive such unsatisfied condition(s)),
         the non-breaching party shall have the option to terminate this
         Agreement with respect to such breaching party at the close of business
         on such date without liability of any party to any other party;
         provided, however, that if this Agreement is terminated pursuant to
         this Section 9(l), the Company shall remain obligated to reimburse the
         Buyer(s) for the expenses described in Section 4(h) above.

                  (m) Finder. The Company acknowledges that it has engaged The
         May Davis Group, Inc., as placement agent in connection with the sale
         of the Convertible Debentures. The Company shall be responsible for the
         payment of any placement agent fees, as specified in the Placement
         Agency Agreement dated August 28, 2000, (which includes cash and
         warrants to The May Davis Group, Inc., to purchase Common Stock)
         relating to or arising out of the transactions contemplated hereby and
         from the proceeds thereof.

                  (n) No Strict Construction. The language used in this
         Agreement will be deemed to be the language chosen by the parties to
         express their mutual intent, and no rules of strict construction will
         be applied against any party.

         IN WITNESS WHEREOF, the Buyers and the Company have caused this
Securities Purchase Agreement to be duly executed as of the date first written
above.

ATTEST:                                  TCPI,  INC.

/s/Jay E. Eckhaus                        By: /s/ Walter V. Usinowicz, Jr.
--------------------                         -----------------------------------
Name: Jay E. Eckhaus                             Name: Walter V. Usinowicz, Jr.
Title: Secretary                                 Title: Chief Financial Officer

                                         By: /s/
                                             -----------------------------------
                                                Name:
                                                Title:

                                       20

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