ESCROW AGREEMENT
                                ----------------

         This Escrow Agreement (the "Agreement") is made and entered into by and
among T. Alan Owen &  Associates,  P.C.  ("TAO"),  Attorneys at Law,  Arlington,
Texas, and Wholesale On The Net, Inc. ("WOTN"), a Nevada corporation,  on behalf
of all  subscribers  (the  "Investors")  to the  initial  public  offering  (the
"Offering") of common stock by WOTN, pursuant to a Registration  Statement filed
under the Securities Act of 1933 on Form SB-1.


                                        I

                                    RECITALS

         1.1 Purchase of Shares.  The Investors,  at a price of $0.25 per share,
desire to  individually  purchase  from WOTN,  an aggregate  of between  200,000
shares and 4,000,000  shares (the "Shares") of the common stock of WOTN pursuant
to the terms of the Offering. However, there is no certainty that any Shares may
be purchased under the Offering.

         1.2 Purpose Hereof.  In order to facilitate the purchase of the Shares,
WOTN  shall  deposit  all funds  received  by it from the sale of the  Shares to
Investors (the "Escrow Funds") with TAO, and TAO shall hold the Escrow Funds and
not release them to WOTN until such time as is described below.


                                       II

                                ESCROW PROVISIONS

         2.1  Appointment  of TAO.  TAO is hereby  appointed  as Escrow Agent to
receive,  hold, and distribute all funds  deposited by the Investors for Shares,
all as hereinafter provided.

         2.2  Deposit  and  Receipt of Funds.  TAO shall  deposit  all funds for
purchase of the Shares in its Attorney  Trust  Account  (the "Escrow  Account").
Concurrently with the delivery of the deposits by each Investor,  TAO shall give
each Investor and WOTN a receipt for the funds received by TAO.

         2.3  Disbursement  of Escrow Funds.  Following  deposit into the Escrow
Account of funds totaling $50,000.00,  TAO shall disburse all such funds to WOTN
and shall  notify all  Investors  that  placed  Escrow  Funds with TAO that such
disbursement has taken place.

         2.4  TAO's   Responsibility.   TAO's  sole  responsibility  under  this
Agreement  shall  be  for  the  recording  of  deposits  by the  Investors,  the
safekeeping of the Escrow Funds, and the disbursement thereof in accordance with
Paragraph  2.3,  and TAO shall not be  required  to take any other  action  with
reference to any matters which might arise in  connection  with the Escrow Funds
or this Agreement.  TAO shall not be liable to WOTN or any Investor for anything
which TAO may do or refrain from doing in connection herewith, so long as TAO is
acting in good faith in an attempt to perform its duties under this Agreement or
unless Owen is guilty of gross  negligence or willful  misconduct.  TAO is not a
party to,  nor is it bound by, nor shall it give  consideration  to the terms or
provisions  of,  even  though he may have  knowledge  of, (i) any  agreement  or
undertaking  of any agreement  with any other party or parties,  except for this
Agreement, (ii) any agreement or undertaking which may be evidenced or disclosed
by this  Agreement,  and (iii) any other  agreements  regarding the Escrow Funds
that may now or in the  future be  deposited  with TAO in  connection  with this
Agreement.  TAO has no duty to  determine  or  inquire  into  any  happening  or
occurrence or any performance or failure of performance of the Investors or WOTN
or any other parties with respect to agreements or arrangements  with each other
or with any other party or parties.


<PAGE>

         2.5  Indemnity to TAO.  WOTN agrees to indemnify  and hold TAO harmless
against and from any and all costs, expenses, claims, losses,  liabilities,  and
damages  (including  reasonable  attorneys'  fees)  that may  arise out of or in
connection  with TAO's acting as Escrow Agent under the terms of this Agreement,
except in those  instances  where TAO has been  guilty  of gross  negligence  or
willful misconduct.

         2.6 Return of Escrow  Funds.  If  $50,000.00  is not  deposited  in the
Escrow  Account by the Investors on or before 180 days after the effective  date
of the  offering,  TAO shall  promptly  return to each  Investor from the Escrow
Funds, an amount equal to the amount deposited by such Investor.

         2.7 Effective Date and Termination.  This Escrow Agreement shall become
effective on the date the first deposit is made by an Investor into Escrow.  All
of the provisions of this Agreement shall terminate 180 days after the effective
date of the offering by refunding  all funds in escrow to the  Investors,  or by
the  disbursement  of all Escrow Funds as herein set out. If not so  terminated,
TAO at any time after such date may disburse the allocable portion of the Escrow
Funds to each respective Investor,  close his records, and withdraw all of TAO's
liability and obligations in connection with the Escrow Funds and this Agreement
shall terminate.


                                       III

                                  MISCELLANEOUS

         3.1 Multiple Counterparts.  It is intended that this Agreement shall be
executed in multiple  counterparts,  each of which,  when so executed,  shall be
considered an original,  but all of which shall together  constitute one and the
same instrument.

         3.2 Entire  Agreement.  This instrument  evidences the entire agreement
between TAO and WOTN with respect to the purchase of the Shares by Investors

         3.3  Controlling  Law. The terms of this Agreement shall be governed by
and construed in accordance with the laws of the State of Texas.

<PAGE>

         3.4 Notices. Any notice, request,  instruction,  or other instrument to
be given or served  hereunder  upon any party shall be deemed given or served if
in writing and  delivered  personally  or sent by United  States  Mail,  postage
prepaid, certified, return receipt requested, to the respective party or parties
at the following addresses:

         a)       If to TAO:                T. Alan Owen & Associates, P.C.
                                                     1112 East Copeland Road
                                                     Suite 420
                                                     Arlington, Texas  76011
                                                     Attn: T. Alan Owen

         b)       If to WOTN:               Wholesale On The Net, Inc.
                                                     1529 E. I-30
                                                     Suite 104
                                                     Garland, Texas 75043
                                                     Attn: Thomas Bieger

         EXECUTED to be effective as of the 2nd day of May, 2000.

                                  T. ALAN OWEN & ASSOCIATES, P.C.



                                  By:  /s/  T. Alan Owen
                                      ------------------------------
                                            T. Alan Owen




                                  WHOLESALE ON THE NET, INC.,
                                  a Nevada corporation

                                  By:  /s/  Thomas Bieger
                                      ------------------------------
                                            Thomas Bieger, President