Exhibit 4(iii)

March 16, 2000

InvestNet, Inc.
Board of Directors
938 Howe Street, Suite 713
Vancouver, British Columbia
Canada V6Z 1N9


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  InvestNet,  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:

     (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.

                                       47


<PAGE>



     (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) o 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.

     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.

                                       48


<PAGE>



     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 o $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.

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:

InvestNet, Inc.

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

                                       49


<PAGE>