EXHIBIT 10.2
                                 ------------

              AGREEMENT FOR PURCHASE AND SALE OF PREFERRED SHARES
              ---------------------------------------------------

This AGREEMENT FOR PURCHASE AND SALE OF PREFERRED SHARES (the "Agreement") is
made and entered into as of the 30th day of August, 1996 by Global Equity
Corporation, a corporation incorporated under the laws of Ontario, Canada and
having its principal place of business at 30A Hazelton Avenue, 4th Floor,
Toronto, Ontario, CANADA  M5R 2E2 (the "Purchaser"); and Satellite Information
Systems Company, a corporation formed under the laws of the state of Colorado
and having its principal place of business at 7464 Arapahoe Avenue, Suite B-17,
Boulder, Colorado  80303 (the "Seller").

WHEREAS, Seller desires to sell, and Purchaser desires to purchase, 4,000,000
authorized and newly-issued preferred shares (the "Preferred Shares") for an
aggregate purchase price of $1,000,000 subject to the terms and conditions set
forth in this Agreement;

NOW THEREFORE, in consideration of the mutual covenants, conditions,
representations, warranties, and agreements contained herein, and intending to
be legally bound hereby, Purchaser and Seller hereby agree as follows:


                                   ARTICLE I

                             SALE AND PURCHASE OF
                               PREFERRED SHARES
                             --------------------

1.01   Subject to the terms and conditions of this Agreement, Seller agrees to
       issue and sell 4,000,000 validly authorized and newly-issued Preferred
       Shares of Seller to Purchaser on the Closing Date (as defined in Section
       1.03 below).

1.02   Subject to the terms and conditions of this Agreement, Purchaser agrees
       to purchase the Preferred Shares and to pay Seller in full and complete
       consideration the aggregate amount of one million dollars (U.S.
       $1,000,000).

1.03   The purchase and sale of the Preferred Shares shall take place at
       Purchaser's offices at 875 Prospect Street, Suite 301, La Jolla,
       California  92037 on September 9, 1996 or at such other place or at such
       other date as may be agreed upon by the parties (the "Closing Date").


                                  ARTICLE II

                       REPRESENTATIONS AND WARRANTIES OF
                                  THE SELLER
                       ---------------------------------

Seller represents and warrants to Purchaser as follows:

2.01   The Seller and its 80%-owned subsidiary, Event Marketing Systems
       International, Inc. ("Subsidiary") are duly organized, validly existing,
       and in good standing under the laws of their state of incorporation and
       are duly qualified to do business in such state. 

2.02   The execution and delivery of this Agreement and the performance of the
       transactions contemplated herein including the creation, issuance, and
       sale of the Preferred Shares, have been duly approved by all necessary
       action on the part of the Seller and do not and will not violate any
       provision of law, any order of any court to the best of Seller's and its
       shareholders' and directors' knowledge or other agency of government,
       the governing documents of the Seller, or any provisions of any
       indenture, agreement or other instrument to which the Seller or any of
       its properties is bound, or conflict with, result in a breach of or
       constitute (with due notice or lapse of time or both) a default under
       any such indenture agreement or instrument, or result in the creation or
       imposition of any lien, charge, restriction, claim or encumbrance of any
       nature whatsoever upon any of the properties or assets of the Seller. 
       This Agreement has been duly authorized, executed, and delivered by the
       Seller and constitutes the legal, valid, and binding obligations of the
       Seller, enforceable in accord with its terms.

2.03   The Preferred Shares have been duly and validly created, authorized, and
       allotted for issuance to Purchaser and when issued shall be validly,
       issued and outstanding, fully paid and non-assessable, and free and
       clear of all liens, charges, encumbrances, and adverse claims.

2.04   The Preferred Shares to be issued to Purchaser by Seller have the
       following terms:

       The Preferred Shares shall pay quarterly non-cumulative dividends at the
       rate of 7% per annum;

       -   Each Preferred Share shall be entitled to one vote on a combined
           basis with the Common Shares on all matters properly submitted to
           the shareholders for their vote;

       -   The Preferred Shares shall not be redeemable; and

       -   Each Preferred Share shall be convertible into one Common Share of
           Seller at any time in accord with Section 2.16 within three years of
           the Closing Date.  When and if Purchaser converts any of its
           Preferred Shares to Common Shares, all of Purchaser's Preferred
           Shares shall be converted at that time to Common Shares.

2.05   The Common Shares issuable to Purchaser upon conversion of the Preferred
       Shares shall be validly issued and outstanding, fully paid and non-
       assessable, and free and clear of all liens, charges, encumbrances, and
       adverse claims.

2.06   There is no consent, approval, authorization, order or agreement of any
       governmental agency or body or any court or any other person, including
       without limiting the generality of the foregoing, any securities
       commission, stock exchange or similar authority not obtained and not in
       effect which may be required for the valid issuance and delivery of the
       Preferred Shares to the Purchaser.

2.07   The Seller has furnished to Purchaser audited consolidated financial
       statements of the Seller for the fiscal year ended June 30, 1995 and
       unaudited financial statements of the Seller for the quarters ending
       September 30, 1995, December 31, 1995, and March 31, 1996.  Each of said
       financial statements has been prepared in accord with GAAP accounting
       principles consistently applied and fairly presents Seller's financial
       position as of its respective date.  Since March 31, 1996, there have
       been no material adverse changes in the business, condition, or
       prospects, financial or otherwise, of Seller.

2.08   There is no action, suit, investigation, or proceeding pending or to the
       Seller's knowledge, threatened against the Seller or Subsidiary which,
       if adversely determined, would have a material adverse effect on the
       financial condition or business of the Seller or its subsidiary.

2.09   The Seller and Subsidiary have good title to all of their properties and
       assets, free and clear of all liens except as set forth in the financial
       statements specified in Section 2.07 above.

2.10   The Seller and Subsidiary have filed all federal, state, and other tax
       returns required to be filed and have paid all taxes due.

2.11   Each pension plan maintained by the Seller, now or in the past, is fully
       funded and no accumulated funding deficiency exists.  Each such pension
       plan is in material compliance with ERISA.

2.12   The Seller and Subsidiary are not in default on any loan and no
       condition exists which currently, or upon notice or the passage of time,
       would permit a lender to accelerate the maturity of any debt except as
       disclosed in the Form 10-KSB as of June 30, 1995 and the Form 10-QSB as
       of March 31, 1996 filed by Seller with the SEC.

2.13   The Seller and Subsidiary are not in violation of any applicable law,
       rule, or regulation or in default under any indenture, lease,
       instrument, or other agreement to which the Seller or Subsidiary is a
       party.

2.14   The Seller and Subsidiary have full corporate power and legal right to
       carry on their businesses.  All material approvals, permits, licenses,
       authorizations, consents and permits, if any, required, by federal,
       state, or local law, rule or ordinance have been obtained and are valid
       and in full force and effect.

2.15   The authorized capital stock of Seller as of the date hereof consists of
       100,000,000 Common Shares of which 5,142,687 are validly issued and
       outstanding, and 100,000,000 Preferred Shares, of which 4,000,000 will
       be validly issued and outstanding when issued to Purchaser on Closing
       Date.

2.16   The Certificate of Designations of Rights and Preferences of the
       Preferred Stock shall provide, inter alia, that the Preferred Stock
       shall be convertible into Common Stock at any time on or after the
       period of time commencing the earlier of (i) one year from the date of
       issue or (ii) the effective date of a Registration Statement registering
       for sale under the Securities Act of 1933, as amended (the "Securities
       Act"), the shares of the Seller's Common Stock, no par value
       ("Conversion Stock"), issuable upon such conversion.  The holder of the
       Preferred Stock shall also be granted a one-time demand registration
       right to have registered under the Securities Act the Conversion Stock
       on a Registration Statement on Form S-3 (the "Registration Statement"),
       pursuant to which the Seller shall agree to cause to be filed with the
       Securities and Exchange Commission a Registration Statement within
       ninety (90) days following the date of such demand and to keep such
       Registration Statement effective for a period of not less than sixty
       (60) days.  All costs of preparing, filing and maintaining the
       effectiveness of the Registration Statement shall be borne by the
       Seller.

2.17   Except as disclosed on Schedule 2.17 attached hereto, there are no other
       agreements relative to registration rights of Seller's stock.

2.18   Except as disclosed on Schedule 2.18 attached hereto, there are no
       agreements with any shareholder(s) of Seller relative to election of
       Directors to Seller's Board of Directors.

2.19   Seller owns all licenses, patents, trade secrets, copyrights,
       trademarks, service marks, trade secrets, trade names and other
       intellectual property (collectively "Intellectual property") necessary
       to carry on its business as presently conducted and as presently
       proposed to be conducted.  Set forth in Schedule 2.19 attached hereto is
       a true and complete list of:

       a.  all Intellectual Property for which registrations have been issued
           or applications filed therefor, by the Seller or any Subsidiary; and

       b.  all material licenses related to Intellectual Property to which
           Seller or any Subsidiary is a party (including, as to each such
           license, the name of the licensor or licensee, as applicable, a
           description of the subject matter of the license, basic royalty
           rate, termination date, renewal option, and whether any advance
           royalty payments are required.)

       Seller or a Subsidiary owns all of the Intellectual Property
       registrations and applications therefor listed in the Disclosure
       Schedule, free and clear of all liens, encumbrances or rights to any
       other person, corporation or other entity, and the Seller or a
       Subsidiary has the unqualified right to bring actions for the
       infringement thereof.  All Intellectual Property applications and
       registrations are duly authorized, issued, valid, and have not been
       canceled, and the Seller is not aware of any facts which would
       invalidate or render any of them unenforceable.  No person has asserted
       any royalty claim or other claim whatsoever, including but not limited
       to claims of ownership, direct or indirect, in respect of any
       Intellectual Property owned by, used by, or useful to the Seller or any
       Subsidiary in respect of which or by reason of which the Seller or any
       Subsidiary is, or may become, indebted in any respect whatsoever to any
       such person, his heirs or assigns.  Neither the Seller nor any
       Subsidiary is, nor have any of them received, any notice alleging that
       the Seller or any Subsidiary is, infringing upon, likely to infringe
       upon, or otherwise acting adversely to any known right or claimed right
       of any person under or with respect to any Intellectual Property.

2.20   Seller agrees that no proceeds, with the exception of $200,000, from the
       sale of Preferred Shares to Purchaser shall be used in any manner by
       Seller, until Seller's budget has been approved in accordance with
       Section 5.07.


                                  ARTICLE III

                        REPRESENTATIONS AND WARRANTIES
                               OF THE PURCHASER
                        ------------------------------

3.01   The Purchaser is duly organized, validly existing, and in good standing
       under the laws of Ontario, Canada.

3.02   The Purchaser has the legal capacity to execute this Agreement and all
       necessary approvals have been given to authorize Purchaser to execute
       this Agreement.  

3.03   This Agreement constitutes a legal, valid, binding, and enforceable,
       obligation of Purchaser.

3.04   Purchaser is an "accredited investor" within the meaning of Rule 501
       under the Securities Act and was not organized for the specific purpose
       of acquiring the Preferred Shares.  The Purchaser has sufficient
       knowledge and experience in investing in companies to enable it to
       evaluate the risks and merits of purchasing the Preferred Shares, and is
       able financially to bear the risk of said purchase.  Purchaser is
       purchasing the Preferred Shares for its own account for the purposes of
       investment and not with a view to or for sale in connection with any
       distribution of the Preferred Shares.  Purchaser understands that the
       Preferred Shares have not been registered under the Securities Act.

3.05   There is no action, suit, investigation, or proceeding pending or to
       Purchaser's knowledge, threatened which questions the legality or
       validity of the Purchaser's purchase of the Preferred Shares.  

<PAGE>
                                  ARTICLE IV

                                   COVENANTS
                                   ---------

4.01   Seller and Subsidiary shall not pay any dividends on any class of stock
       whether created or issued before or after the Closing Date except for
       dividends payable on the Preferred Shares issued to Purchaser under this
       Agreement, without the approval of the designated representative of
       Purchaser on Seller's Board of Directors.

4.02   Seller and Subsidiary shall not create or issue new stock of any class
       or type, or issue stock in an existing class of stock, without the
       approval of the designated representative of Purchaser on Seller's Board
       of Directors.  The provisions of this section shall not be applicable to
       stock options and warrants outstanding on the Closing Date per the
       attached Schedule 4.02.

4.03   Seller and Subsidiary shall not create, assume, or incur any
       indebtedness or other obligation directly or indirectly, through one
       transaction or in a series of transactions, in excess of amounts
       contemplated by Seller's annual budget approved in accordance with
       Section 5.07, without the approval of the designated representative of
       Purchaser on Seller's Board of Directors.

4.04   Seller shall not acquire or dispose of assets of Seller and its
       Subsidiary directly or indirectly, through one transaction or in a
       series of transactions, in excess of amounts contemplated by Seller's
       annual budget approved in accordance with Section 5.07, without the
       approval of the designated representative of Purchaser on Seller's Board
       of Directors.

4.05   Seller and Subsidiary shall not grant or award new stock options or
       grants in an existing stock option plan or similar compensation plan, or
       create a new stock option plan or similar compensation plan without the
       approval of the designated representative of Purchaser of Seller's Board
       of Directors.

4.06   Neither Seller nor its Subsidiary shall knowingly enter into any
       transaction or perform any act which would be prohibited by any statute,
       rule, or regulation of any governmental body which would have a material
       adverse effect on Seller's operations or assets.

4.07   Upon conversion of Purchaser's Preferred Shares to Common Shares of the
       Seller, these Covenants shall no longer be in effect.  


                                   ARTICLE V
                             AFFIRMATIVE COVENANTS
                             ---------------------

Seller agrees that, so long as Purchaser owns any Preferred Shares of Seller:

5.01   As promptly as possible, Seller shall furnish to Purchaser all audited
       annual GAAP consolidated financial statements, beginning with the fiscal
       year ending June 30, 1996.

5.02   As promptly as possible after the end of each quarter, Seller shall
       furnish to Purchaser GAAP consolidated financial statements, certified
       by Seller's Chief Financial Officer, beginning with the quarter ending
       September 30, 1996.

5.03   As promptly as possible, Seller will furnish to Purchaser copies of all
       material filed with the SEC, NASDAQ, or any other securities regulatory
       authority.

5.04   As promptly as possible, Seller shall furnish to Purchaser copies of all
       proxy statements and other material sent to Seller's shareholders.

5.05   Seller and its subsidiary shall comply with all laws, rules,
       regulations, and orders of any governmental authority.

5.06   Effective on the Closing Date, and so long as Purchaser shall own any
       Preferred Shares of Seller, Seller shall take all necessary action to
       establish the size of its Board of Directors at five (5) directors and
       Seller shall take all necessary and appropriate action to elect or
       appoint two representatives designated by Purchaser to Seller's Board of
       Directors.  Seller will recommend the nomination and election of the two
       representatives designated by Purchaser for election to Seller's Board
       of Directors, and Seller will use its best efforts to accomplish the
       election of said two representatives within ten (10) days of Closing
       Date.

5.07   Seller shall have prepared a budget for fiscal year 1997 by September
       30, 1996, which budget must have received the approval the designated
       representative of Purchaser on Seller's Board of Directors.  For every
       subsequent fiscal year, Seller shall have a budget approved by the
       designated representative of Purchaser on Seller's Board of Directors.

5.08   Upon conversion of Purchaser's Preferred Shares to Common Shares of the
       Seller, these Affirmative Covenants shall no longer be in effect.

5.09   Within ten (10) calendar days of the end of each month, Seller shall
       furnish to Purchaser monthly management accounts, which shall include
       monthly budget variance reports.


                                  ARTICLE VI

                         CONDITIONS TO THE OBLIGATIONS
                                 OF PURCHASER
                         -----------------------------

The obligation of the Purchaser to purchase the Preferred Shares on the Closing
Date is, at the Purchaser's option, subject to the satisfaction on or before
the Closing Date, of each of the following conditions:

6.01   The representations and warranties contained in Article II shall be
       true, complete and correct on and as of the Closing Date with the same
       effect as though such representations and warranties had been made on
       and as of such date, and the President and Treasurer of the Seller shall
       have certified on behalf of the Seller to the Purchaser in writing to
       such effect.

6.02   The Seller shall have performed and complied with all agreements
       contained herein required to be performed or complied with by it prior
       to or at the Closing Date, and the President and Treasurer of the Seller
       shall have certified on behalf of the Seller to the Purchaser in writing
       to such effect and to the further effect that all of the conditions set
       forth in this Article VI have been satisfied (or waived, if applicable).

6.03   All corporate and other proceedings to be taken by the Seller in
       connection with the transactions contemplated hereby and all documents
       incident thereto shall be satisfactory in form and substance to the
       Purchaser and its counsel.

6.04   The Purchaser and its counsel shall have received copies of the
       following documents:

       a.  Certificate of Incorporation, certified as of a recent date by the
           Secretary of State of the State of Colorado and a certificate of
           said Secretary dated as of a recent date as to the due incorporation
           and good standing of the Seller and its subsidiary;

       b.  A certificate of the Secretary of the Seller dated the Closing Date
           certifying:  (i) that attached thereto is a true and complete copy
           of the By-laws of the Seller as in effect on the date of such
           certification; (ii) that attached thereto is a true and complete
           copy of all resolutions adopted by the Board of Directors or the
           shareholders of the Seller authorizing the execution, delivery and
           performance of this Agreement and the creation, issuance and
           delivery of the Preferred Shares, and that all such resolutions are
           in full force and effect and are all the resolutions adopted in
           connection with the transactions contemplated by this Agreement; and
           (iii) that the Certificate of Incorporation has not been amended
           since the date of the last amendment referred to in the certificate
           delivered pursuant to clause (a) above; and

       c.  Such additional supporting documents and other information with
           respect to the operations and affairs of the Seller as the Purchaser
           or its counsel reasonably may request.

6.05   The Seller shall have tendered to the Purchaser the following:

       a.  The Preferred Shares in the form of Exhibit A hereto;

       b.  The opinion of counsel to Seller in form and substance satisfactory
           to the Purchaser and its counsel, to the effect that: (i) the Seller
           and its subsidiary are duly organized, validly existing and in good
           standing under the laws of the state in which they are organized and
           are duly qualified to transact business in each such state; (ii)
           this Agreement and the Preferred Shares have been duly approved by
           all necessary action on the part of the Seller in the shareholders
           and directors of Seller and this Agreement, assuming due execution
           thereof by the Purchaser, is the valid and binding agreement of the
           Seller enforceable in accordance with its terms except as the
           enforcement of such agreements may be limited by bankruptcy,
           insolvency or other similar laws affecting creditors' rights
           generally and that the remedy of specific performance is subject to
           the discretion of the court before which proceedings therefor are
           brought; (iii) the Preferred Shares have been validly issued, fully
           paid, and non-assessable; (iv) the Certificate of Designations of
           Rights and Preferences of the Preferred Shares has been adopted by
           all necessary corporate action of Seller and has been filed with the
           appropriate government entity and all rights, preferences and
           privileges accorded the Preferred Shares therein are valid and
           enforceable in accordance with its terms; and (v) the Common Shares
           to be issued upon conversion of the Preferred Shares will be validly
           issued, fully paid and nonassessable shares of the Seller's Common
           Shares.

6.06   Purchaser shall have approved, in the sole and absolute discretion of
       Purchaser, the Certificate of Designations of Rights and Preferences of
       the Preferred Stock.  


                                  ARTICLE VII

                         CONDITIONS TO THE OBLIGATIONS
                                 OF THE SELLER
                         -----------------------------

The obligation of the Seller to issue and sell the Preferred Shares to the
Purchaser on the Closing Date is, at the Seller's option, subject to the
satisfaction, on or before the Closing Date, of the following conditions:

7.01   The representations and warranties contained in Article III shall be
       true, complete and correct on and as of the Closing Date with the same
       effect as though such representations and warranties had been made on
       and as of such date, and the President and Secretary of the Purchaser
       shall have certified to such effect to the Seller in writing.

7.02   All corporate and other proceedings to be taken by the Purchaser in
       connection with the transactions contemplated hereby and all documents
       incident thereto shall be satisfactory in form and substance to the
       Seller and its counsel.

7.03   Purchaser shall deliver to Seller the sum of $1,000,000 in immediately
       available funds payable by wire transfer to account designated by Seller
       in writing.


                                 ARTICLE VIII

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

8.01   Each party hereto will pay its own expenses in connection with the
       transactions contemplated hereby. Each party will use its own
       accountants, legal counsel, and other experts.

8.02   All representations, covenants and agreements contained in this
       Agreement by or on behalf of any of the parties hereto shall bind and
       inure to the benefit of the respective successors and assigns of the
       parties hereto whether so expressed or not.

8.03   All notices, requests, consents and other communications hereunder shall
       be in writing and shall be delivered in person, mailed by certified or
       registered mail or sent by facsimile, as follows:

       If to Seller:                        If to Purchaser:

       Michael J. Ellis                     John R. Hart
       President and CEO                    President and CEO
       7464 Arapahoe Avenue, Suite B-17     30A Hazelton Avenue, 4th Floor
       Boulder, Colorado  80303             Toronto, Ontario  M5R 2E2
                                            CANADA
       Fax #:  (303) 449-0239
                                            Fax #:  (416) 925-5633

8.04   This Agreement shall be governed by and construed in accordance with the
       laws of the Province of Ontario, Canada and the federal laws of Canada
       applicable therein.

8.05   This Agreement may not be amended or modified, and no provision may be
       waived, without the written consent of Seller and Purchaser.

8.06   Purchaser and Seller shall indemnify and hold harmless each other
       against all loss, liability, damage and expense suffered as a result of
       or arising from any inaccuracy or breach of the representations and
       warranties or conditions in this Agreement.

This Agreement has been executed by and on behalf of the parties on the date
first written above.

GLOBAL EQUITY CORPORATION


--------------------------------------
John R. Hart
President and CEO


SATELLITE INFORMATION SYSTEMS COMPANY


--------------------------------------
Michael J. Ellis
President and CEO