Exhibit 4(iii)

March 16, 2000

EnterNet, Inc.
Board of Directors
1403 East 900 South
Salt Lake City, Utah

Re:  Subscription Agreement

Gentlemen:

I do hereby  subscribe for two hundred and fifty  thousand  (250,000)  shares of
common  stock,  $0.001 par value (the  "Securities"),  of  EnterNet,  Inc.  (the
"Company")  at a price of $0.01 per share for an  aggregate  of  $2,500.00.  The
Securities  are being  acquired  by me solely for my own  account and not with a
view to their distribution  within the meaning of the Securities Act of 1933, as
amended,  and the rules and  regulations  thereunder  (collectively  hereinafter
called the "Act").

I understand that:

1.   The  Securities  are not  registered  under the Act or under any applicable
     state  securities law and must be held by me  indefinitely  unless they are
     subsequently so registered or unless an exemption from such registration is
     available; and

2.   Each certificate representing the Securities will bear the following legend
     drawing attention to the restrictions on its transferability:

                  "The  securities  represented  by  this  certificate  are  not
                  registered under federal or state securities law. They may not
                  be sold  or  offered  for  sale in the  absence  of  effective
                  registration  under  such  securities  laws or an  opinion  of
                  counsel  satisfactory to the Company that such registration is
                  not required."

3.   The Closing  will be held at the offices of the Company on the day of March
     16, 2000 or on such later date as shall be  designated  by the Company with
     not less  than 72 hours  prior  notice or at such  other  place and time as
     shall be agreed to by the Company and the Undersigned (the "Closing Date").
     At the Closing, the Undersigned will make payment of the purchase price for
     the shares of common stock by depositing the same with the Company.  At the
     Closing,  the Company will issue the  restricted  stock  certificate to the
     Undersigned.

4.   The Undersigned  acknowledges  that it has been provided with a copy of the
     Company's  financial  and other  information  about the Company as has been
     requested.

5.   The Undersigned hereby represents and warrants to the Company as follows:

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     (a)  The  Undersigned  has  received  and  read  and is  familiar  with the
          provisions of the  Subscription  Agreement.  The  Undersigned is aware
          that no federal or state agency has passed upon the Securities or made
          any  finding  or   determination   concerning  the  fairness  of  this
          investment.

     (b)  The Undersigned has had an opportunity to ask questions of and receive
          answers from representatives of the Company,  concerning the terms and
          conditions of this investment.

     (c)  The Securities are being  subscribed  for by the  Undersigned  for the
          Undersigned's own account,  for investment only and not presently with
          a view toward resale or  distribution  in a manner which would require
          registration of the Securities under the Securities Act of 1933.

     (d)  The Undersigned, if a corporation, partnership, trust or other form of
          business  entity,  is  authorized  and  otherwise  duly  qualified  to
          purchase and hold the subscribed for the  Securities.  Such entity has
          its  principal  place of business as set forth on the  signature  page
          hereof and if such entity has been formed for the specific  purpose of
          acquiring the Securities subscribed to hereunder,  it hereby agrees to
          supply any additional written  information that may be required by the
          Company.

     (e)  The Undersigned is an "Accredited Investor" as that term is defined in
          Rule  501  under  the  Securities  Act.  The  particular  category  or
          categories  within  which  the  Undersigned  falls  is  set  forth  in
          Paragraph 7 below.

6.   The Undersigned acknowledges that there are substantial restrictions on the
     transferability of the Securities as required pursuant to federal and state
     securities  laws. The  Undersigned  further  agrees to be  responsible  for
     compliance with all conditions on transfer imposed by any State Blue Sky or
     securities law.

7.   In accordance  with  Paragraph  5(e) of this  Subscription  Agreement,  the
     Undersigned  has placed an (X) in each of the  applicable  spaces  provided
     below:

     a.   A bank as defined in Section  3(a)(2) of the Securities Act of 1933 or
          a savings  and loan  association  or other  institution  as defined in
          Section  3(a)(5)(A) of the Securities  Act of 1933,  whether acting in
          its individual or fiduciary capacity.

     b.   A broker or dealer registered pursuant to Section 15 of the Securities
          Exchange Act of 1934.

     c.   An insurance company as defined in Section 2(13) of the Securities Act
          of 1933.

     d.   An investment  company  registered under the Investment Company Act of
          1940 or a business  development company as defined in Section 2(a)(48)
          of the Investment Company Act of 1940.

     e.   A  Small  Business  Investment  Company  licensed  by the  U.S.  Small
          Business  Administration  under  Section  301(c)  or (d) of the  Small
          Business Investment Act of 1958.

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     f.   An employee benefit plan within the meaning of Title I of the Employee
          Retirement Income Security Act of 1974, as amended  ("ERISA"),  if (a)
          the  investment  decision is made by a plan  fiduciary,  as defined in
          Section  3(21) of  ERISA,  which is  either a bank,  savings  and loan
          association,  insurance company, or registered  investment adviser, or
          (b) the employee benefit plan has total assets in excess of $5,000,000
          or (c) if self-directed plan, the investment decisions are made solely
          be persons that are Accredited Investors.

     g.   A private  business  development  company as defined in Section 202(a)
          (22) of the Investment Advisers Act of 1940.

     h.   An organization described in Section 501(c)(3) of the Internal Revenue
          Code of 1986,  as  amended,  a  corporation,  or  business  trust,  or
          partnership,  not formed for the  specific  purpose of  acquiring  the
          securities offered, with total assets in excess of $5,000,000.

     i.   A natural person whose  individual net worth,  or joint net worth with
          that person's spouse, at the time of this purchase exceeds $1,000,000.

     j.   A natural person who had an individual income in excess of $200,000 in
          each of the two most recent years or joint  income with that  person's
          spouse  in  excess  of  $300,000  in each  of  those  years  and has a
          reasonable  expectation  of  reaching  the  same  income  level in the
          current year.

     k.   A trust, with total assets in excess of $5,000,000, not formed for the
          specific purpose of acquiring the securities  offered,  whose purchase
          is directed  by a  sophisticated  person as  described  in  Regulation
          ss.230.506(b)(2)(ii) promulgated under the Securities Act of 1933.

     l.   Any director,  executive officer,  or general partner of the issuer of
          the  securities  being  offered or sold,  or any  director,  executive
          officer or general partner of a general partner of that issuer.

     m.   An entity in which all of the equity owners are Accredited Investors.



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IN WITNESS  WHEREOF,  the undersigned  has executed this  Subscription as of the
date first written above.

                                      By:      /s/  Wolf Fiedler
                                               ----------------------
                                               Name:  Wolf Fiedler

                                      Mailing Address of Undersigned:
                                      938 Howe Street, Suite 713
                                      Vancouver, British Columbia
                                      Canada V6Z 1N9

                                      Telephone Number:
                                      (604) 331 1803

Accepted:

EnterNet, Inc.

By:       /s/  Ruairidh Campbell
          -------------------------
         Name:   Ruairidh Campbell
         Title:    Secretary/Director

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