EXHIBIT 10.1


                            STOCK PURCHASE AGREEMENT




     THIS STOCK PURCHASE AGREEMENT (hereinafter the "Agreement") is made and
entered into as of the 14th of February, 2000) by and between the following:

     e-Net Financial.Com Corporation, a Nevada corporation (hereinafter
"E-NET);

     and James M. Cunningham, an individual (hereinafter "Cunningham")Joni
Baquerizo, an individual, and The MortgageStore, LLC, a Tennessee corporation,
(collectively, hereinafter "SELLING SHAREHOLDERS")


                                   WITNESSETH

     WHEREAS, subject to the terms and conditions of this Agreement, E-NET and
SELLING SHAREHOLDERS desire for E-NET to purchase from SELLING SHAREHOLDERS and
for SELLING SHAREHOLDERS to sell to E-NET One Thousand Six Hundred (1,600)
shares of common stock of LoanNet Mortgage, Inc., a Kentucky corporation
(hereinafter "LoanNet"), which shares represent all of the issued and
outstanding common stock of LoanNet. Following the closing of this transaction.
LoanNet will also have Four Hundred (400) shares of 8% non-cumulative preferred
stock issued and outstanding. The preferred stock; which has no conversion
rights, is not subject to this transaction and ownership thereof will remain
with its existing shareholders; and

     WHEREAS, the Board of Directors of E-NET deems it desirable and in the best
interests of e-Net and its stockholders that E-NET purchase an aggregate of One
Thousand Six Hundred (1,600) shares of LoanNet from SELLING SHAREHOLDERS in
consideration of the issuance by E-NET to SELLING SHAREHOLDERS of Two Hundred
Fifty Thousand (250,000) shares of E-NET common stock, such that LoanNet shall
become a subsidiary of E-NET; and

     WHEREAS, the Board of Directors of E-NET deems it desirable and in the best
interests of E-NET that LoanNet become a subsidiary of (E-NET; and

     WHEREAS, the Board of Directors of E-NET has approved and adopted this
Agreement as a plan of reorganization Within the meaning, and subject to the
provisions, of Section 368 and other applicable provisions of the Internal
Revenue Code of 1986, as amended, as a "B" reorganization. and

     WHEREAS, SELLING SHAREHOLDERS have approved and adopted this Agreement as a
plan of reorganization within the meaning, and subject to the provisions, of
Section 368 and other applicable provisions of the Internal Revenue Code of
1986, as amended, as a "B" reorganization; and


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     WI3EREAS, E-NET and SELLING SHAREHOLDERS desire to provide for certain
undertakings, conditions, representations, warranties, and covenants in
connection with the transactions contemplated by this Agreement; and

     WHEREAS, the Board of Directors of E-NET has approved and adopted this
Agreement, subject to the terms and conditions set forth herein;

     NOW, THEREFORE, in consideration of the premises and the mutual covenants
and agreements herein contained, the parties hereto do hereby agree as follows:


                                    SECTION 1

                                   DEFINITIONS
                                   -----------

     1.1 "Agreement," "E-NET, "SELLING SHAREHOLDERS," "Cunningham" and
"LoanNet," respectively, shall have the meanings defined on the cover page and
in the foregoing preamble and recitals to this Agreement.

     1.2 "Closing Date" shall mean 10:00 a.m., Pacific Daylight Savings Time,
February ____, 2000, at the offices of E-NET, 3200 Bristol Street, Costa Mesa,
California 97426, the date on which the parties hereto shall close the
transactions contemplated herein.


                                    SECTION 2

                AGREEMENT FOR PURCHASE AND SALE OF LOANNET STOCK
                ------------------------------------------------

     2.1 Substantive Terms of the Purchase and Sale of LoanNet Stock

          (a) SELLING SHAREHOLDERS shall sell and deliver to E-NET One Thousand
Six Hundred (1,600) shares of the issued and outstanding common stock of LoanNet
in a form enabling E-NET then and there to become the record and beneficial
owner thereof.

          (b) Each of SELLING SHAREHOLDERS shall execute an Investment
Representation Utter in the form of ExhIbit 2.1(b) attached hereto.

          (c) E-NET shall execute and deliver the Registration Rights Agreement
in the form of Exhibit 2.1(c) attached hereto,

     2.2 Issuance of e-Net Common Stock. E-NET shall sell and deliver to SELLING
SHAREHOLDERS a total of Two Hundred Fifty Thousand (250,000) shares of E-NET
common stock pursuant to an exception from the registration requirements of the
Securities Act of 1933, as amended, and from qualification under the California
Corporations Code. The number of shares to be issued to each of the SELLING
SHAREHOLDERS shall be set forth in Exhibit 2.2 attached hereto.


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<PAGE>



The certificates  representing such shares shall bear the following legend: "The
securities  represented by this  certificate  have not been registered under the
Securities  Act of 1933,  as amended  (the "Act").  Accordingly,  no transfer of
these  securities  or any  interest  therein may be made  except  pursuant to an
effective registration statement under the Act unless the issuer has received an
opinion  of  counsel  satisfactory  to it that such  transfer  does not  require
registration under the Act."

                                    SECTION 3
                     REPRESENTATIONS AND WARRANTIES OF E-NET
                     ---------------------------------------

     E-NET, in order to induce SELLING SHAREHOLDERS to execute this Agreement
and to consummate the transactions contemplated herein, represents and warrants
to SELLING SHAREHOLDERS as follows:

     3.1 Organization and Qualification. E-NET is a corporation duly organized,
validly existing, and in good standing under the laws of Nevada, with all
requisite power and authority to own its property and to carry on its business
as it is now being conducted. E-NET is duly qualified as a foreign corporation
and in good standing in each jurisdiction where the ownership, lease, or
operation of property or the conduct of business requires such qualification,
except where the fai1ure to be in good standing or so qualified would not have a
material, adverse effect on the financial condition or business of E-Net.

     3.2 Ownership of E-NET. E-NET is authorized to issue two classes of stock
of up to 20,000,000 common shares, $.OOl par value per share, and of up to
1,000,000 preferred shares, no par value per share.

     3.3 Authorization and Validity. E-NET has the requisite power and is duly
authorized to execute and deliver and to carry out the terms of this Agreement.
The board of directors and shareholders of E-NET have taken all action required
by law, its Articles of Incorporation and Bylaws, or otherwise to authorize the
execution and delivery of this Agreement and the consummation of the
transactions contemplated hereby, subject to the satisfaction or waiver of the
conditions precedent set forth in Section 8 of this Agreement. Assuming this
Agreement has been approved by all action necessary on the part of SELLING
SHAREHOLDERS, this Agreement is a valid and binding agreement of E-NET.

     3.4 No Defaults. E-NET is not in default under or in violation of any
provision of its Articles of Incorporation or bylaws. E-NET is not in default
under or in violation of any material provision of any indenture, mortgage, deed
of trust, lease, loan agreement, or other agreement or instrument to which it is
a party or by which it is bound or to which any of its is subject, if such
default would have a material, adverse effect on the financial condition or
business of E-NET. E-NET is not in violation of any statute, law, ordinance,
order, judgment, rule, regulation, permit, franchise, or other approval or
authorization of any court or governmental agency or body having jurisdiction
over it or any of its properties which, if enforced, would have a material,
adverse effect on the financial condition or business of E-NET. Neither the
execution and delivery of this Agreement, nor the consummation of the
transactions contemplated herein, will conflict with or result hi a breach of or
constitute a default


                                        3

<PAGE>


under any of the foregoing or result in the creation of any lien, mortgage,
pledge, charge, or encumbrance upon any asset of E-NET and no consents or
waivers thereunder are required to be obtained in connection therewith in order
to consummate the transactions contemplated by this Agreement.

     3.5 Proprietary Rights. E-Net owns or is duly licensed to use such
trademarks and copyrights as are necessary to conduct its business as presently
conducted, The conduct of business by E-Net does not infringe upon the
trademarks or copyrights, of any third party, If such infringement would have a
material, adverse effect upon the financial condition or business of E-Net.

     3.6 Books of Account and Reports; Internal Controls.

          (a) The books of account of E-Net accurately reflect in all material
respects all of its items of income and expense, all of its assets, liabilities,
and accruals, and are prepared and maintained in form and substance adequate for
preparing audited financial statements, In accordance with generally accepted
accounting procedures as historically and consistently applied by E-Net. E-NET
has accurately prepared and filed, or is currently preparing for filing all
reports required by any law or regulation to be filed by it, and it has duly
paid or accrued on its books of account all applicable duties and charges due
(or assessed against It) pursuant to such reports,

          (b) E-Net has devised and maintained a system of internal accounting
controls sufficient to provide reasonable assurances that transactions are
recorded as necessary (i) to permit preparation of financial statements in
conformity with generally accepted accounting principles and (ii) to maintain
accountability for assets and expenses.

     3.7 Litigation. There are no actions, suits, proceedings, orders,
Investigations, or claims pending or to the knowledge of E-NET threatened
against or effecting E-Net at law or in equity, or before or by any governmental
department, commission, board, bureau, agency, or instrumentality, which, if
adversely determined, would materially and adversely affect the financial
condition of E-NET, or which seek to prohibit, restrict, or delay the
consummation of the transactions contemplated hereby, except that an
investigation is currently pending by the Securities and Exchange Commission.
E-Net is not operating under or subject to, or in default with respect to, any
order, writ, injunction, or decree of any court or federa, state, municipal, or
other governmental department, commission, board, agency, or instrumentality.

     3.8 Insurance, E-Net has insurance against losses or damages and other
risks in amounts and of a character usually insured against by companies in the
same or similar business.

     3.9 Documents. The copies of all agreements and other Instruments that have
been delivered by E-Net to SELLING SHAREHOLDERS are true, correct, and complete
copies of such agreements and instruments and include all amendments thereto.

     3.10 Disclosure. The representations and warranties made by E-NET herein
and in any schedule, statement, certificate, or document furnished or to be
furnished by E-Net to SELLING SHAREHOLDERS pursuant to the provisions hereof or
in connection with the transactions contemplated hereby, taken as a whole, do
not and will not as of their respective dates contain any untrue


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<PAGE>



statements of a material fact, or omit to state a material fact necessary to
make the statements made not misleading.


                                    SECTION 4

             REPRESENTATIONS AND WARRANTIES OF SELLING SHAREHOLDERS
             ------------------------------------------------------

     SELLING SHAREHOLDERS, in order to induce E-NET to execute this Agreement
and to consummate the transactions contemplated herein, represent and warrant to
E-Net as follows:

     4.1 Organization and Qualification. LoanNet is a corporation duly
organized, validly existing, and in good standing under the laws of the state of
Kentucky with all requisite power and authority to own its property and assets
and to carry on its business as it is now being conducted. LoanNet is qualified
as a foreign corporation and is in good standing in each jurisdiction where the
ownership, lease, or operation of property or the conduct of its business
requires such qualification except where the failure to be in good standing or
so qualified would not have a material, adverse effect on the financial
condition and business of LoanNet.

     4.2 Ownership of LoanNet. LoanNet is authorized to issue two (2) classes of
stack of up to One Thousand Six Hundred (1,600) shares, without par value, of
common stock and of up to Four Hundred (400) shares, without par value, of 8%
non-cumulative preferred stock. At the date hereof, of such authorized share;
One Thousand Six Hundred (1,600) shares of common stock and Four Hundred (400)
shares of preferred stock have been validly issued and are outstanding, fully
paid, and non-assessable, All of the shares of common stock are owned of record
and beneficially by SELLING SHAREHOLDERS. There are no options, warrants, or
other securities exercisable or convertible into or any calls, commitments, or
agreements of any kind relating to any unissued equity securities of LoanNet.
The shares of preferred stock, which have no conversion rights, are not subject
to this transaction and ownershIp thereof will remain with its existing
shareholder, The MortgageStore LLC.

     4.3 Validity. SELLING SHAREHOLDERS have the requisite power to execute and
deliver and to carry out the terms of this Agreement. Assuming this Agreement
has been approved by all action necessary on the part of E-NET, this Agreement
Is a valid and binding agreement of SELLING SHAREHOLDERS.

     4.4 Conduct and Transactions of LoanNet. During its current fiscal year,
LoanNet conducted its operations in the ordinary course of business, consistent
with past practice and used its best efforts to maintain and preserve Its
properties, key employees, and relationships with customers and suppliers.
Without limiting the foregoing, during such period LoanNet did not without the
prior written consent of E-NET:

          (a) Incur any liabilities except to maintain its facilities and assets
     in the ordinary course of its business;

          (b) Declare or pay any dividends on any shares of capital stock or
     make any other distibution of assets to the holders thereof,


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<PAGE>



          (c) Issue, reissue, or sell, or issue options or rights to subscribe
     to, or enter into any contract or commitment to issue, reissue, or sell,
     any shares of capital stock or acquire or agree to acquire any shares of
     capital stock;

          (d) Amend its Articles of Incorporation or Bylaws or merge or
     consolidate with or into any other corporation or sell all or substantially
     all of its assets or change in any manner the rights of its capital stock
     or other securities;

          (e) Pay or incur any obligation or liability, direct or contingent,
     except in the ordinary course of its business,

          (f) Incur any indebtedness for borrowed money, assume, guarantee,
     endorse or otherwise become responsible for obligations of any other party,
     or make loans or advances to any other party except in the ordinary course
     of its business;

          (g) Increase in any manner the compensation, direct or indirect of any
     of its officers or executive employees, except as otherwise disclosed in
     Exhibit 4.4(g), hereto; or

          (h) Make any capital expenditures except in the ordinary course of its
     business.

     4.5 Compensation Due Employees. LoanNet will not have any outstanding
liability for payment of wages, payroll taxes, vacation pay (whether accrued or
otherwise), salaries, bonuses, pensions, contributions under any employee
benefit plans or other compensation, current or deferred, under any labor or
employment contracts, whether oral or written, based upon or accruing in respect
of those services of employees of LoanNet that have been performed prior to the
Closing Date, except as specified on Exhibit 4.6 hereto. On the Closing Date,
LoanNet will not have any unfunded, contingent, or other liability under any
defined benefits plan or at other retirement or retirement-type plan, whether
such plan(s) are to continue or are thereupon terminated, except for the normal
on-going obligations for future contributions under such plan(s) not related,
generally or specifically, to the terminiation of such plan(s) or except as
specified on Exhibit 4.5 hereto.

     4.6 Union Agreements and Employment Agreements. LoanNet is not a party to
any union agreement or any organized labor dispute. LoanNet does not have any
written or verbal employment agreements with any of its employees.

     4.7 contracts and Leases. Except as listed in Exhibit 4.7 hereto, LoanNet
is not a party to any written or oral leases, commitments, or any other
agreements. On the Closing Dates LoanNet shall have paid or performed in all
material respects all obligations required to be paid o performed by it to such
date and will not be in default under any document, contract, agreement, lease,
or other commitment to which it is a party.

     4.8 Insurance. LoanNet has insurance against losses or damages and other
risks in amounts and of a character usually insured against by companies in the
same or similar business, a schedule of such insurance being set forth in
Exhibit 4.8 hereto.


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<PAGE>


     4.9 Liabilities. LoanNet does not have any liabilities, except as listed in
Exhibit 4.9 hereto.

     4.10 Proprietary Rights. LoanNet owns or is duly licensed to use such
trademarks and copyrights as are necessary to conduct its business as presently
conducted. The conduct of business by LoanNet does not infringe upon the
trademarks or copyrights of any third party, if such infringement would have a
material, adverse effect upon the financial condition or business of LoanNet.

     4.11 Internal Controls.

          (a) There have been no transactions except in accordance with
management's general or specific authorization.

          (b) LoanNet has devised and maintained a system of internal accounting
controls sufficient to provide reasonable assurances that transactions are
recorded as necessary (i) to permit preparation of financial statements in
conformity with generally accepted accounting principles and (ii) to maintain
accountability for assets and expenses.

     4.12 Contracts and Agreements. LoanNet Is not a party to any material
contracts or agreements in respect of the operation of its business, except as
listed in Exhibit 4.12 hereto.

     4.13 Minute Books. The minute books of LoanNet contain true, complete, and
accurate records of all meetings and other corporate actions of its shareholders
and Board of Directors, and tree and accurate copies thereof have been delivered
to counsel for E-NET. The signatures appearing on all documents contained
therein are the true signatures of the persons purporting to have signed the
same.

     4.14 Litigation. Except as set forth in Exhibit 4.14, there are no actions,
suits, proceedings, orders, investigations, or claims (whether or not
purportedly on behalf of LoanNet) pending against or affecting LoanNet at law or
in equity or before or by any federal, state; municipal, or other governmental
department, commission, board, agency, or instrumentality domestic or foreign,
nor has any such action, suit, proceeding or investigation been pending or
threatened in writing during the 12-month period preceding the date hereof;
which, if adversely determined, would materially and adversely affect the
financial condition of LoanNet or which seeks to prohibit, restrict, or delay
the consummation of the stock sale contemplated hereby. LoanNet is not operating
under or subject to, or in default with respect to, any order, writ, injunction,
or decree of any court or federal, state, municipal, or other governmental
department, commission, board, agency, or instrumentality.

     4.15 Taxes. At the Closing Date, all tax returns required to be filed with
respect to the operations or assets of LoanNet prior to Closing Date shall have
been correctly prepared in all material respects and timely filed, and all taxes
required to be paid in respect of the periods covered by such tax returns shall
have been paid in full or adequate reserves have been established for the
payment of such taxes. Except as set forth in Exhibit 4.15, as of the Closing
Date, LoanNet shall not have requested any extension of time within which to
file any tax returns, and all known deficiencies for any tax, assessment, or
governmental charge or duty shall have been paid in full or adequate reserves
have been established for the payment of such taxes. The LoanNet Tax Returns are
true and complete in all material respects. No audits by federal or state


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<PAGE>


authorities are currently pending or threatened.

     4.16 No Defaults. LoanNet is not in default under or in violation of any
provision of its Articles of Incorporation or Bylaws. LoanNet is not in default
under or in violation of any material provision of any material indenture,
mortgage, deed of trust, lease, loan agreement, or other agreement or instrument
to which it is a party or by which it is bound, one which any of its properties
is subject, if such default would have a material, adverse effect on the
financial condition or business of LoanNet. LoanNet is not in violation of any
statute, law, ordinance, order, judgment, rule, regulation, permit, franchise,
or other approval or authorization of any court or governmental agency or body
having jurisdiction over it or any of its property which, if enforced, would
have a material, adverse effect on the financial condition or business of
LoanNet. Neither the execution and delivery of this Agreement, nor the
consummation of the transactions contemplated herein, will conflict with or
result in a breach of or constitute a default under any of the foregoing or
result in the creation of any lien, mortgage, pledge, charge, or encumbrance
upon any asset of LoanNet and no consents or waivers thereunder are required to
be obtained in connection therewith in order to consummate the transactions
contemplated by this Agreement except for the agreements so indicated on Exhibit
4.16.

     4.17 Material Change. Except as disclosed on Exhibit 4.17, there has been
no material change in the condition, financial or otherwise, of LoanNet as shown
in the LoanNet Tax Returns, except changes occurring in the ordinary course of
business, which changes have not materially, adversely affected its
organization, business, properties, or financial condition taken.

     4.18 Documents. The copies of all agreements and other instruments that
have been delivered by LoanNet to E-NET are true, correct, and complete copies
of such agreements and instruments and include all amendments thereto.

     4.19 Disclosure. The representations and warranties made by SELLING
SHAREHOLDERS herein and in any schedule, statement, certificate, or document
furnished or to be furnished by LoanNet and/or SELLING SHAREHOLDERS to E-NET
pursuant to the provisions hereof or in connection with the transactions
contemplated hereby taken as a whole do not and will not as of their respective
dates contain any untrue statements of a material fact, or omit to state a
material fact necessary to make the statements made not misleading.


            (The remainder of this page is intentionally left blank)


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                                    SECTION 5

                          INVESTIGATION; PRESS RELEASE
                          ----------------------------

     5.1 Investigation.

          (a) E-NET acknowledges that it has made an investigation of LoanNet,
which has included, among other things, the assets, liabilities, and status of
business of LoanNet and its cash position, accounts receivable, and liabilities.
In the event of termination of this Agreement, E-NET will deliver to SELLING
SHAREHOLDERS all documents, work papers, and other materials and all copies
thereof obtained by E-NET, or on its behalf; from LoanNet or SELLING
SHAREHOLDERS, whether obtained before or after the execution hereof; will not
use, directly or indirectly, any confidential information obtained from LoanNet
or SELLING SHAREHOLDERS hereunder or in connection herewith, and will keep all
such information confidential and not used in any way detrimental to LoanNet or
SELLING SHAREHOLDERS except to the extent the same is publicly disclosed by
LoanNet or SELLING SHAREHOLDERS.

          (b) Each of SELLING SHAREHOLDERS acknowledges that, collectively, they
have made an investigation of E-NET, which has included, among other things, the
opportunity of discussions with executive officers of E-NET, and its
accountants, investment bankers, and counsel. In the event of termination of
this Agreement, SELLING SHAREHOLDERS will deliver to E-NET all documents, work
papers, and other materials and all copies thereof obtained by him, or on his
behalf: from E-NET, whether obtained before or after the execution hereof and
will not use, directly or indirectly, any confidential information obtained from
E-NET hereunder or in connection herewith, and will keep all such information
confidential and not used in any way detrimental to E-NET, except to the extent
the same is publicly disclosed by E-NET.

          (c) Except in the event that any party hereto discovers in the course
of his or its respective investigation any breach of a representation or
warranty by the other party hereto and does not disclose it to such other party
prior to the Closing Date, no investigation pursuant to this Section 5.1 shall
affect or be deemed to modify any representation or warranty made by any party
hereto.

     5.2 Press Release. E-Net and SELLING SHAREHOLDERS shall agree with each
other as to the form and substance of any press releases and the filing of any
documents with any federal or state agency related to this Agreement and the
transactions contemplated hereby and shall consult with each other as to the
farm and substance of other public disclosures related thereto; provided
however, that nothing contained herein shall prohibit either party from making
any disclosure that it or its counsel deems necessary.


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<PAGE>


                                    SECTION 6

                                   BROKERAGE
                                   ---------


     6.1 Brokers and Finders. Except as set forth in Exhibit 6.1 hereto, neither
E-NET, LoanNet, any of their respective officers directors, employees, or
agents, nor SELLING SHAREHOLDERS has employed any broker, finder, or financial
advisor or incurred any liability for any fee or commissions in connection with
initiating the transactions contemplated herein. Each party hereto agrees to
indemnify and hold the other party harmless against or in respect of any
commissions, finders fees, or brokerage fees incurred or alleges to have been
incurred with respect to initiating the transactions contemplated herein as a
result of any action of the indemnifying party.


                                    SEC1ION 7



     7.1 Closing Agreements. On the Closing Date, the following activities shall
occur, the following agreements shall be executed and delivered, and the
respective parties thereto shall have performed all acts that are required by
the terms of such activities and agreements to have been performed
simultaneously with the execution and delivery thereof as of the Closing Date:

          (a) SELLING SHAREHOlDERS shall have executed and delivered documents
     to E-Net sufficient then and there to transfer record and beneficial
     ownership of the One Thousand (1,600) issued and outstanding capital stock
     of LoanNet to E-NET;

          (b) Each of SELLING SHAREHOLDERS shall have executed an Investment
     Representation Letter; and

          (e) E-Net shall have delivered Two Hundred Fifty Thousand (250,000)
     shares of E-Net common stock to SELLING SHAREHOLDERS, in the manner set
     forth in Exhibit 2.2 attached hereto,

          (d) E-Net shall have executed and delivered a Registration Bights
     Agreement.

     7.2 LoanNet as a Subsidiary of E-NET. SELLING SHAREHOLDERS acknowledge
that, immediately following the Closing Date LoanNet will become a subsidiary
of E-Net. Following the Closing Date, Cunningham shall be named a Director of
LoanNet and will serve as President of LoanNet. In addition, Cunningham will be
name to the Board of Directors of E-NET. Michael Pulfer will serve as Vice
President - Production for LoanNet.




                                       10


<PAGE>

                                    SECTION 8

              CONDITIONS PRECEDENT TO E-NET'S OBLIGATIONS TO CLOSE
              ----------------------------------------------------


     The obligations of E-Net to consummate this Agreement are subject to
satisfaction on or prior to the Closing Date of the following conditions:

     8.1 Representations and Warranties. The representations and warranties of
SELLING SHAREHOLDERS contained in this Agreement shall be true and correct in
all material respects on and as of the Closing Date and SELLING SHAREHOLDERS
shall have performed in all material respects all other ob1igations hereunder
theretofore to be performed.

     8.2 Other. The joint conditions precedent in Section 10 hereof shall have
been satisfied and all documents required for Closing shall be acceptable to
Counsel for E-Net.

                                    SECTION 9

       CONDITIONS PRECEDENT TO SELLING SHAREHOLDER'S OBLIGATIONS TO CLOSE
       ------------------------------------------------------------------


     The obligation of SELLING SHAREHOLDERS to consummate this Agreement is
subject to the satisfaction on or prior to the Closing Date of the following
conditions:

     9.1 Representations and Warranties. The representations and warranties of
E-Net contained in this Agreement shall be true and correct in all material
respects on and as of the Closing Date, and E-Net shall have performed in all
material respects all of its obligations hereunder theretofore to be performed.

     9.2 Resolutions. E-NET shall have furnished SELLING SHAREHOLDERS with a
certified copy of us resolutions duly adopted by its board of directors
approving this Agreement and the transactions contemplated hereby.

     9.3 Other. The Joint conditions precedent in Section 10 hereof shall have
been satisfied.


                                   SECTION 10

                           JOINT CONDITIONS PRECEDENT
                           --------------------------

     The obligations of E-Net and SELLING SHAREHOLDERS to consummate this
Agreement shall be subject to satisfaction or waiver in writing by all parties
of each and all of the following additional conditions precedent at or prior to
the Closing Date:

     10.1 Other Agreements. All of the agreements contemplated by Section 7.1 of
this Agreement shall have been executed and delivered, and all acts required to
be performed thereunder as of the Closing Date shall have been duly performed.


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<PAGE>



     10.2 Absence of Litigation. At the Closing Date, there shall be no action,
suit, or proceeding pending or threatened against any of the parties hereto by
any person, governmental agency, or subdivision thereof; nor shall there be
pending or threatened any action in any court am administrative tribunal, which
would have the effect of Inhibiting the consummation of the transactions
contemplated herein.


                                    SECTION 1

                                 CONFIDENTIALITY
                                 ---------------

     11.1 Each of SELLING SHAREHOLDERS acknowledge that each of them have, and
will, acquire information and materials from E-NET and knowledge about the
technology, business, products, strategies, customers) clients and suppliers of
E-Net and that all such information, materials and knowledge acquired, are and
will be trade secrets and confidential and proprietary information of E-Net
(collectively such acquired information, materials and knowledge are hereinafter
referred to as "Confidential Information"). Each of SELLING SHAREHOLDERS
covenants to hold such Confidential Information in strict confidence, not to
disclose it to others or use it in any way, commercially or otherwise, except in
connection with the transactions contemplated by this Agreement and not to allow
any unauthorized person access to such Confidential Information.

     11.2 The Confidential Information disclosed by the E-Net to SELLING
SHAREHOLDERS shall remain the property of the disclosing party.

     11.3 Each of SELLING SHAREHOLDERS shall maintain In secrecy all
Confidential Information disclosed to it by any or all of the Companies using
not less than reasonable care. Each of SELLING SHAREHOLDERS shall not use or
displose in any manner to any third party any Confidential Information without
the express written consent of the chief executive officer of E-Net unless or
until the Confidential Information is:

          (a)  publicly available or otherwise in the public domain; or

          (b)  rightfully obtained by any third party without restriction; or

          (c)  disclosed by E-Net without restriction pursuant lo judicial
               action, or government regulations or other requirements.

     11.4 The obligations of SELLING SHAREHOLDERS under Sections 11.1, 11.2, and
11.3 of this Agreement shall expire one year from the date hereof as to
Confidential Information consisting of commercial and financial information and
two years from the date on which SELLING SHAREHOLDERS are no longer affiliated
with E-Net or its subsidiaries, except as a shareholder thereof; as to
Confidential information consisting of technical information. For this purpose,
technical information shall include without limitation all developments,
inventions, innovations, designs, discoveries, trade secrets and know-how,
whether or not patentable or copyrightable.


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<PAGE>



     11.5 Each of SELLING SHAREHOLDERS hereby agrees that they will not
intentionally bring into the premises of E-NET, or use in any way for the
benefit of either or both of the E-NET or LoanNet, any confidential information
that SELLING SHAREHOLDERS have reason to believe is or may be the trade secret
or confidential information of a third party.


                                   SECTION 12

                             TERMINATION AND WAIVER
                             ----------------------

     12.1 Termination. This Agreement may be terminated and abandoned on the
Closing Date by:

          (a) the mutual consent in writing of the parties hereto;

          (b) the Board of Directors of E-Net if the conditions precedent in
     Sections 8 and 1O of this Agreement have not been satisfied or waived by
     the Closing Date; and

          (c) a writing signed by all of the SELLING SHAREHOLDERS if the
     conditions precedent in Sections 9 and 10 of this Agreement have not been
     satisfied or waived by the Closing Date.

     If this Agreement is terminated pursuant, to Section 12.1, the parties
hereto shall not have any further obligations under this Agreement, and each
party shall bear all costs and expenses incurred by her or it.


                                   SECTION 13

                   NATURE AND SURVIVAL OF REPRESENTATIONS ETC.
                   -------------------------------------------

     13.1 All statements contained in any certificate or other instrument
delivered by or on behalf of E-NET or SELLING SHAREHOLDERS pursuant to this
Agreement or in connection with the transactions contemplated hereby shall be
deemed representations and warranties by such party. All representations and
warranties and agreements made by E-Net or SELLING SHAREHOLDERS in this
Agreement or pursuant hereto shall survive the Closing Date hereunder until the
expiration of the 12th month following the Closing Date.




            (The remainder of this page is intentionally left blank)


                                       13

<PAGE>


                                   SECTION 14

                                 MISCELLANEOUS
                                 -------------



     14.1 Notices. Any notices or other communications required or permitted
hereunder shall be sufficiently given if, written and delivered in person or
sent by registered mail, postage prepaid, addressed as follows:


        to E-Net:                          E-Net Financial.Com Corporation
                                           Attn: Chief Executive Officer
                                           2lOl Business Center Drive
                                           Suite 115-B
                                           Irvine, California 92612
        to SELLING SHAREHOLDERS:           lames M. Cunningham
                                           c/o LoanNet Mortgage, Inc.
                                           1039 College Street, Suite
                                           Bowling Green, Kentucky 42101

or such other address as shall be furnished in writing by the appropriate
person, and any such notice or communication shall be deemed to have been given
as of the date so mailed.

     14.2 Time of the Essence. Time shall be of the essence of this Agreement.

     14.3 Costs. Each party will bear the costs and expenses incurred by It in
connection with this Agreement and the transactions contemplated hereby.

     14.4 Entire Agreement and Amendment. This Agreement and documents delivered
at the Closing Date hereunder contain the entire agreement between the parties
hereto with respect to the transactions contemplated by this Agreement and
supe4ffsedes all other agreements, written or oral, with respect thereto. This
Agreement may be amended or modified in whole or in part, and any rights
hereunder may be waived, only by an agreement in writing, duly and validity
executed in the same manner as this Agreement or by the party against whom the
waiver would be asserted. The waiver of any right hereunder shall be effective
only with respect to the matter specifically waived and shall not act as a
continuing waiver unless it so states by its terms.

     14.5 Counterparts. This Agreement may be executed in one or more
counterparts each of which shall be deemed to constitute an origina1 and shall
become effective when one or more counterparts have been signed by each party
hereto and delivered to the other party.

     14.6 Governing Law. This Agreement shall be governed by, and construed and
interpreted in accordance with, the laws of the State of California.

     14.7 Attorneys' Fees and Costs. In the event any party to this Agreement
shall be required to initiate legal proceedings to enforce performance of any
term or condition of this Agreement, including, but not limited to, the
interpretation of any term or provision hereof, the payment of monies


                                       14

<PAGE>



or the enjoining of any action prohibited hereunder, the prevailing party shall
be entitled to recover such sums, in addition to any other damages or
compensation received, as will reimburse the prevailing party for reasonable
attorney' fees and court costs incurred on account thereof (including, without
limitation, the costs of any appeal) notwithstanding the nature of the claim or
cause of action asserted by the prevailing party.

     14.8  Successors and Assigns. This Agreement shall inure to the benefit of
and be binding upon the parties hereto and their respective heirs, executors,
personal representatives, successors, and assigns, as the case may be.

     14.9 Access to Counsel. Each party hereto acknowledges that each has had
access to legal counsel of her or its own choIce and has obtained such advice
therefrom if any, as such party has deemed necessary and sufficient prior to the
execution hereof. Each party hereto acknowledges that the drafting of this
Agreement has been a joint effort and any ambiguities or interpretative issues
that may arise from and after the execution hereof shall not be decided in favor
or, or against, any party hereto because the language reflecting any such
ambiguities or issues may have been drafted by any specific party or her or its
counsel.

     14.10 Captions. The captions appearing in this Agreement are inserted for
convenience of reference only and shall not affect the Interpretation of this
Agreement.



     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the day and year first above written.

e-NET FINANCIAL.COM CORPORATION,
a Nevada corporation


by:  /s/  Michael P. Roth
     -------------------------------------
     Michael P. Roth, President


/s/  James M. Cunningham
------------------------------------------
James M. Cunningham on behalf of
Selling Shareholders



                                       15