Exhibit  4.24


                            REVOLVING LINE OF CREDIT

Company:       NeWave  Inc  (OTC  BB:  NWAV)  ("Company")

Structure:     Revolving  line  of  Credit  ("Revolver").


Amount:        $50,000

Term:          6  months

Investors:     Dutchess  Private  Equities  Fund  II,  ("DPE II"), eFund Capital
Partners         ("eFund")

Interest  Rate: 1%  per  month,  compounded  daily.

Repayments:     Repayment of interest amount shall be made monthly, at a minimum
of  $500  per payment.  Additional monies may be paid earlier with no prepayment
penalties.  In the event the Company has not repaid the Face Amount by Maturity,
the  Face  Amount  shall be increased by 2.5% of unpaid balance each month until
paid  off.  Pro-rata  for  partial  periods.

Due  Date:     Payment  will  be  due  30  days  from  first the closing of this
Revolver and all subsequent payments will be made every 30 days thereafter until
the  note  is  paid  in  full.

Threshold
Amount:     Upon  receipt  by  the Company of an aggregate amount of $250,000 in
financing  ("Threshold  Amount"),  the  Company shall pay back 50% of the amount
above  the Threshold Amount to the Repayment of the Revolver.  The payment shall
be  made  regardless of whether a payment is due at the time the Company reaches
the  Threshold  Amount,  and  for  each  financing  or  Put  thereafter.

Collateral:     The  Company  agrees to secure the Revolver with the products it
purchases  with  the  Revolver.

Default:     Events  of  Default  are  usual  and  customary, including, without
limitation  (1)  Payment  Defaults  which  is  defined as the Company not making
principal  and/or  interest payments within 5 days of the Due Date. (2) Defaults
in  the  material  terms  of  the  agreements  (3)  the  Company's bankruptcy or
insolvency.  Subject to the terms and provisions herein, any amount of principal
or interest Debenture paid when and as due, the Company shall immediately switch
the  terms  of  the  Debenture,  at  the  Investor's request, into a Convertible
Debenture  at  a  floating discount of 25% to the prevailing market price during
conversion.  The Company shall file a registration statement with the Securities
and  Exchange  Commission  within  ten  business days covering the amount shares
needed  to  recover the remaining amount of the Debenture, plus any interest due
at  the  time  of default.  In addition, no further funding by the Investor will
occur  in  the  event  of  any  default.

Use  of
Proceeds:     For  the  purchase  of  products for resale on Onlinesupplier.com.

Investor  Shares:  As  an inducement to DPE II and eFund, they will each receive
10,000  shares  of  common  stock  with  piggyback  registration  rights.

THIS TERM SHEET IS INTENDED FOR DISCUSSION PURPOSES ONLY AND IS NOT AN OFFER FOR
THE  PURCHASE  OR SALE OF THE COMPANY'S SECURITIES. CLOSING IS SUBJECT TO MUTUAL
AGREEMENT  OF  FINAL  DOCUMENTATION  BETWEEN  THE  COMPANY  AND  INVESTOR.  THE
UNDERSIGNED  COMPANY  OFFICER,  ON  BEHALF  OF THE COMPANY HEREBY REPRESENTS AND
WARRANTS  THAT  THIS TERM SHEET HAS BEEN DULY AUTHORIZED, EXECUTED AND DELIVERED
BY  THE  COMPANY.


/s/ Michael Hill
----------------
Michael Hill

/s/ Douglas Leighton
--------------------
Douglas Leighton

/s/ Barrett Evans
-----------------
Barrett Evans