CROSS GUARANTEE AND INDEMNIFICATION AGREEMENT

WHEREAS, For valuable consideration, the receipt and sufficiency of which is acknowledged, NEWLOOK INDUSTRIES CORP. , a corporation incorporated under the laws of the Province of British Columbia (the “Guarantor” ), has covenanted and agreed with TCE CAPITAL CORPORATION (the “Creditor” ) to absolutely and unconditionally guarantee the payment forthwith after demand, of the debts or liabilities, whether direct, contingent or otherwise, present or future, matured or not, which, WIRELESS AGE COMMUNICATIONS, INC. , a corporation incorporated under the laws of Nevada, U.S.A, WIRELESS AGE COMMUNICATIONS LTD. and WIRELESS SOURCE DISTRIBUTION LTD. ,  corporations incorporated under the laws of the Province of Saskatchewan (collectively the “Debtors” and individually a “Debtor” ), have incurred or are under or may incur or be under to the Creditor, whether arising from dealings between the Creditor and any of the Debtors or from any dealings or proceedings by which any of the Debtors may become in any manner whatsoever liable to the Creditor whether as principal or surety or otherwise and the Guarantor has guaranteed to the Creditor the payment of all costs, expenses and solicitor's fees incurred by the Creditor in connection with any default on the part of any of the Debtors in making payment to the Creditor;

AND WHEREAS, For valuable consideration, the receipt and sufficiency of which is acknowledged, WIRELESS AGE COMMUNICATIONS, INC. , a corporation incorporated under the laws of Nevada, U.S.A (the "Guarantor" ), has covenanted and agreed with TCE CAPITAL CORPORATION (the "Creditor" ) to absolutely and unconditionally guarantee the payment forthwith after demand as hereinafter provided, of the debts or liabilities, whether direct, contingent or otherwise, present or future, matured or not, which NEWLOOK INDUSTRIES CORP. , a corporation incorporated under the laws of the Province of British Columbia (the “Debtor” ), has incurred or is under or may incur or be under to the Creditor, whether arising from dealings between the Creditor and the Debtor or from any dealings or proceedings by which the Debtor may become i