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                                                                    EXHIBIT 10.3


                       ASSIGNMENT AND ASSUMPTION AGREEMENT


         This Assignment and Assumption Agreement ("Assignment") effective as of
August 31, 1999, is by and between Venture Information Systems, LLC, a Texas
limited liability company ("Assignor"), and Link.com, Inc., a Nevada corporation
("Assignee").

                                    RECITALS

         WHEREAS, Assignor, owns certain assets that it wishes to transfer to
Assignee upon the terms contained in this Assignment; and

         WHEREAS, in order to effectuate the transfer of such assets, and to
confirm the terms under which Assignee will issue stock to Assignor as
contemplated hereby, Assignor and Assignee are executing and delivering this
Assignment, and the parties intend such transfer to qualify as a tax-free
transaction under Section 351 of the Internal Revenue Code of 1986, as amended.

         NOW THEREFORE, in consideration of the premises, the mutual covenants
and agreements contained herein, Assignor and Assignee hereby agree as follows:

                                    AGREEMENT

         1. CONVEYANCE OF ASSETS. Assignor hereby conveys, transfers, assigns
and delivers unto Assignee and its successors and assigns, forever, free and
clear of any and all liens, claims and encumbrances of any nature whatsoever,
any and all the assets, rights and properties of Assignor including, without
limitation, (i) any and all rights in and to the software program identified as
SafeHaven Software (the "Program"); and (ii) any and all trademarks, trade
names, service marks, copyrights, internet domain names, processes, formulas,
trade secrets, proprietary and technical information, know-how, other trade
rights and other intangible assets related to the Assignor's business or the
development of the Program and related programs, together with all rights to,
and applications and licenses for, the foregoing. (collectively, the "Assets").
If Assignor has any such rights that cannot be assigned to Assignee for any
reason, Assignor waives the enforcement of such rights. If Assignor has any such
rights that cannot be assigned or waived, Assignee hereby grants to Assignor an
exclusive, irrevocable, perpetual, worldwide, fully-paid license, with the right
to sublicense through multiple tiers, to such rights.

         2. ASSUMPTION OF THE ASSUMED LIABILITIES. Assignee hereby agrees to
assume the indebtedness evidenced by that certain Promissory Note in the face
amount of $400,000 between Assignor, as maker, and Bank of Brady, as Payee,
dated September 7, 1999 (the "Note"), subject to the consent of Payee. Assignee
also assumes those business liabilities of Assignor which are known to both
parties as of August 31, 1999 (such as Assignor's accounts payable). Other than
as specified above, Assignee does not and will not assume or be responsible for
payment of any liability or obligation of Assignor of any kind whatsoever.
Assignor agrees to remain solely liable for all such other liabilities of
Assignor and shall indemnify and hold Assignee harmless from any and all
claims, demands or losses incurred as a result of such other liabilities.


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         3. ISSUANCE OF STOCK. In consideration for the value of the Assets,
Assignee hereby agrees to issue Assignor 12,500 shares of its Common Stock, par
value $0.001 (the "Securities").

         4. REPRESENTATIONS OF ASSIGNOR. Assignor represents as follows:

            a)    The Securities to be received by Assignor will be acquired for
                  investment for such Assignor's own account, not as a nominee
                  or agent, and not with a view to the resale or distribution of
                  any part thereof, and Assignor has no present intention of
                  selling, granting any participation in, or otherwise
                  distributing the same.

            b)    Assignor has had an opportunity to ask questions and receive
                  answers from Assignee regarding the terms and conditions of
                  the offering of the Securities.

            c)    Assignor understands that the Securities that it is purchasing
                  are characterized as "restricted securities" under the federal
                  securities laws inasmuch as they are being acquired in a
                  transaction not involving a public offering and that under
                  such laws and applicable regulations such securities may not
                  be resold without registration under the Act and applicable
                  state securities laws, except in certain limited
                  circumstances. In this connection, Assignor represents that it
                  is familiar with Rule 144 under the Act, and understands the
                  resale limitations imposed thereby and by the Act. Assignor
                  understands that Assignee is under no obligation to register
                  any of the securities sold hereunder.

            d)    Assignor understands that the certificates evidencing the
                  Securities shall bear the following legend (or one similar
                  thereto), as well as any other legend as may be required by
                  applicable federal and state securities laws:

                  "THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED
            UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER
            THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES ARE SUBJECT TO
            RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE
            TRANSFERRED, RESOLD, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT IN
            ACCORDANCE WITH AND SUBJECT TO ALL THE TERMS AND CONDITIONS OF A
            SHAREHOLDER AGREEMENT THEN IN EFFECT AND EXCEPT AS PERMITTED UNDER
            THE ACT AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO
            REGISTRATION OR EXEMPTION THEREFROM. THE ISSUER OF THESE SECURITIES
            MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY
            TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR RESALE IS
            IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES
            LAWS."

         5. REPRESENTATIONS AND WARRANTIES. Assignor represents and warrants to
Assignee that (i) Assignor is a limited liability company organized, existing
and in good standing under the laws


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of the State of Texas and has all requisite power and authority to enter into
this Assignment and comply with the terms hereof; (ii) all necessary action has
been taken to authorize and approve the execution of this Assignment and the
performance hereof by Assignor; (iii) this Assignment has been duly executed by
Assignor and constitutes the valid and binding obligation of Assignor and is
enforceable in accordance with its terms; (iv) Assignor has good and
indefeasible title to the Assets, free and clear of any mortgages, pledges,
liens, security interests, or other encumbrances of any character and that the
Program was developed internally by Assignor or acquired by Assignor, and was
not misappropriated from another.

         6. CONSENT OF MEMBERS. All members of the Assignor hereby consent to
the terms and conditions of this Assignment including, without limitation, the
irrevocable assignment of the Assets to the Assignee. It is the intent of each
member, by executing this Assignment, that this document constitutes the consent
required under Article 2.23 of the Texas Limited Liability Company Act (TEX.
CIV. STAT. Section 1528n, art. 101, et. seq.) and that the manager of the
Assignor is hereby authorized (a) to sign, execute, certify to, verify,
acknowledge, deliver, accept, file, and record any and all instruments and
documents, and (b) to take, or cause to be taken, any and all such action, in
the name and on behalf of the Assignor, as (in the manager's judgment) shall be
necessary, desirable or appropriate in order to effect the purposes of this
Assignment.

         7. GOVERNING LAW. THIS ASSIGNMENT HAS BEEN NEGOTIATED, EXECUTED AND
DELIVERED AT AND SHALL BE DEEMED TO HAVE BEEN MADE IN TEXAS. THIS ASSIGNMENT
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE DOMESTIC LAWS OF THE
STATE OF TEXAS WITHOUT GIVING EFFECT TO ANY CHOICE OR CONFLICT OF LAW PROVISION
OR RULE (WHETHER OF THE STATE OF TEXAS OR ANY OTHER JURISDICTION) THAT WOULD
CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF
TEXAS.

         8. CONSENT TO JURISDICTION AND FORUM. The parties hereto hereby consent
and agree that the District Court of Travis County, Texas or, at the option of
the Assignee, the United States District Court for the Western District of
Texas, shall have exclusive jurisdiction to hear and determine any claims or
disputes between the parties hereto pertaining to this Assignment or to any
matter arising out of or related to this Assignment. The parties hereto
expressly submit and consent in advance to such jurisdiction in any action or
suit commenced in any such court, and hereby waive any objection which it may
have based upon lack of personal jurisdiction, improper venue or forum non
conveniens and hereby consent to the granting of such legal or equitable relief
as is deemed appropriate by such court. Each party hereto irrevocably consents
to the service of process by registered or certified mail, postage prepaid, to
it at its address given pursuant to this Assignment. Nothing in this Assignment
shall be deemed or operate to affect the right of either party to serve legal
process in any other manner permitted by law, or to preclude the enforcement by
either party of any judgment or order obtained in such forum or the taking of
any action under this Assignment to enforce same in any other appropriate forum
or jurisdiction.

         9. CONSTRUCTION. The parties have participated jointly in the
negotiation and drafting of this Assignment. In the event an ambiguity or
question of intent or interpretation arises, this Assignment shall be construed
as if drafted jointly by the parties and no presumption or burden of proof shall
arise favoring or disfavoring any party by virtue of the authorship of any of
the provisions



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of this Assignment. Whenever the context of this Assignment requires, the gender
of all words herein shall include the masculine, feminine, and neuter, and the
number of all words herein shall include the singular and plural. All references
to section numbers in this Assignment shall be references to sections in this
Assignment, unless otherwise specifically indicated. The captions used herein
are for convenience only and are not to be considered in the construction of
this Assignment.

         10. AMENDMENTS; WAIVER. This Assignment may be amended from time to
time only by written agreement of the parties. No term or provisions of this
Assignment may be waived or modified unless such waiver or modification is in
writing and signed by the party against whom such waiver or modification is
sought to be enforced. No failure on the part of any party to exercise and no
delay in exercising, any right, power, or remedy under this Assignment shall
operate as a waiver thereof, nor shall any single or partial exercise of any
right under this Assignment preclude any other or further exercise thereof or
the exercise of any other right. The remedies provided in this Assignment are
cumulative and not exclusive of any remedies provided by law.

         11. FORCE MAJEURE. The parties shall be excused from delays in
performing or from their failure to perform hereunder to the extent that such
delays or failures result from causes beyond the reasonable control of the party
(including, but not limited to, power loss, telecommunications failure, fire,
flood, other natural disasters, strikes, labor trouble, riots, civil
disobedience, or acts of God).

         12. ENTIRE AGREEMENT. This Assignment is the entire agreement of the
parties with respect to the subject matter if this Assignment, and supersedes
all prior agreements between them, whether oral or written, of any nature
whatsoever with respect to the subject matter hereof. No amendment, alteration,
or modification of this Assignment shall be valid unless in each instance such
amendment, alteration, or modification is expressed in a written instrument duly
executed by the parties hereto.

         13. SEVERABILITY. If any provision of this Assignment is held by final
judgment of a court of competent jurisdiction to be invalid, illegal or
unenforceable, such invalid, illegal or unenforceable provision shall be severed
from the remainder of this Assignment, and the remainder of this Assignment
shall be enforced. In addition, the invalid, illegal or unenforceable provision
shall be deemed to be automatically modified, and, as so modified, to be
included in this Assignment, such modification being made to the minimum extent
necessary to render the provision valid, legal and enforceable. Notwithstanding
the foregoing, however, if the severed or modified provision concerns all or a
portion of the essential consideration to be delivered under this Assignment by
one party to the other, the remaining provisions of this Assignment shall also
be modified to the extent necessary to equitably adjust the parties' respective
rights and obligations hereunder.

         14. NO RELIANCE. Each party expressly warrants and represents and does
hereby state and represent that no promise or agreement which is not herein
expressed has been made to such party in executing this Assignment, and that no
party is relying upon any statement or representation of any other party, its
agents or its representatives, of the parties. Each party represents and
warrants that it is relying on its own judgment and each has been represented by
legal counsel in this matter. Each party represents and warrants that it has had
its legal counsel read and explain to it the entire contents of this Assignment
in full, as well as the legal consequences of this Assignment.


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         15. COUNTERPARTS. This Assignment may be executed in any number of
counterparts and any party hereto may execute any such counterpart, each of
which when executed and delivered shall be deemed to be an original and all of
which counterparts taken together shall constitute but one and the same
instrument. This Assignment shall become binding when all counterparts taken
together shall have been executed and delivered by the parties. A telecopied
facsimile of an executed counterpart of this Assignment shall be sufficient to
evidence the binding agreement of each party to the terms hereof. However, each
party agrees to return to the other parties an original, duly executed
counterpart of this Assignment promptly after delivery of a telecopied facsimile
thereof.

         16. FURTHER ASSURANCES. From time to time, as and when requested by
Assignee, Assignor shall execute and deliver, or cause to be executed and
delivered, such documents and instruments and shall take, or cause to be taken,
such further or other actions as may be reasonably necessary to carry out the
purposes of this Assignment.

         17. CONTROLLING AGREEMENT. It is contemplated that Assignor may, at any
time or from time to time, execute, acknowledge and deliver one or more separate
instruments of assignment and conveyance relating to certain of the Assets. No
such separate instrument of assignment or conveyance shall limit the scope and
effect of this Assignment. In the event that any conflict or ambiguity exists as
between this Assignment and any such separate instrument of assignment, the
terms and provisions of this Assignment shall govern and be controlling.


      [Remainder of page intentionally left blank. Signature page follows.]


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         IN WITNESS WHEREOF, the parties hereto have executed this Assignment as
of the date first set forth above.

<TABLE>
ASSIGNOR:                              ASSIGNEE:

<S>                                    <C>
VENTURE INFORMATION SYSTEMS, LLC       LINK.COM, INC.


By:                                    By:
    ---------------------------------       ---------------------------------
Name:                                  Name:
      -------------------------------        --------------------------------
Title:                                 Title:
      -------------------------------         -------------------------------
</TABLE>




MEMBERS OF VENTURE INFORMATION
         SYSTEMS, LLC



-------------------------------------
Marion Robert Rice, Member

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Andrew Wade McBee, Member

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Donnie Deshotels, Member

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Dee Dee Deshotels, Member

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Phil White, Member


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