THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "1933 ACT"), NOR  REGISTERED
UNDER ANY STATE SECURITIES LAW, AND ARE "RESTRICTED SECURITIES" AS THAT TERM
IS DEFINED IN RULE 144 UNDER THE 1933 ACT.  THE SECURITIES MAY NOT BE OFFERED
FOR SALE, SOLD OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN EXEMPTION FROM
REGISTRATION UNDER THE 1933 ACT, THE AVAILABILITY OF WHICH IS TO BE
ESTABLISHED TO THE SATISFACTION OF THE COMPANY.


           AGREEMENT FOR THE EXCHANGE  OF COMMON STOCK


      AGREEMENT  made this 29st  day of June, 2002, by and among Aquentium,
Inc., a Delaware corporation, (the "Issuer" or the "Company"), and Fiber
Application Systems Technology Inc.. ("FT"), an Ontario corporation .

     In consideration of the mutual promises, covenants, and representations
contained herein, and other good and valuable consideration,

     THE PARTIES HERETO AGREE AS FOLLOWS:

      1.   EXCHANGE OF SECURITIES.  Subject to the terms and conditions of
this Agreement, the Issuer agrees to issue to the shareholders of FT, 500,000
shares in exchange  for 100% of FT shares so that FT shall become a wholly
owned subsidiary of the Issuer.

      2.   REPRESENTATIONS AND WARRANTIES.   Issuer represents and warrants to
FT the following:

            i.   Organization.   Issuer is a corporation duly organized,
validly existing, and in good standing under the laws of Delaware, and has all
necessary corporate powers to own properties and carry on a business, and is
duly qualified to do business and is in good standing in Delaware. All actions
taken by the Incorporators, directors and shareholders of Issuer have been
valid and in accordance with the laws of the State of Delaware.

            ii.  Capital.  The authorized capital stock of Issuer consists of
100,000,000 shares of which, prior to the issuance of shares hereunder, and at
closing, there will be 5,250,000 shares issued and outstanding.  All of the
shareholders of Issuer have valid title to such shares and acquired their
shares in a lawful transaction and in accordance with the laws of  Delaware.

            iii.  Pink Sheet Listing. The Company is a reporting company with
the Securities & Exchange Commission that is not current with its quarterly
filings. The company is  currently listed for trading on the National
Quotation Bureau Electronic Pink Sheets with the following trading symbol:
AQNM.

            iv.   Assets and Liabilities. Issuer does not have any debt,
liability, or obligation of any nature, whether accrued, absolute, contingent,
or otherwise, and whether due or to become due, that is not reflected on the
Issuer's financial statement. Issuer is not aware of any pending, threatened
or asserted claims, lawsuits or contingencies involving Issuer or its common
stock. There is no dispute of any kind between Issuer and any third party, and
no such dispute will exist at the closing of this Agreement. At closing,
Issuer will be free from any and all liabilities, liens, claims and/or
commitments.

            v.    Ability to Carry Out Obligations.  Issuer has the right,
power, and authority to enter into and perform its obligations under this
Agreement. The execution and delivery of this Agreement by Issuer and the
performance by Issuer of its obligations hereunder will not cause, constitute,
or conflict with or result in (a) any breach or violation or any of the
provisions of or constitute a default under any license, indenture, mortgage,
charter, instrument, articles of incorporation, bylaw, or other agreement or
instrument to which Issuer or its shareholders are a party, or by which they
may be bound, nor will any consents or authorizations of any party other than
those hereto be required, (b) an event that would cause Issuer  to be liable
to any party, or (c) an event that would result in the creation or imposition
or any lien, charge or encumbrance on any asset of Issuer  or upon the
securities of Issuer to be acquired hereby.

            vi.   Full Disclosure.  None of representations and warranties
made by the Issuer, or in any certificate or memorandum furnished or to be
furnished by the Issuer, contains or will contain any untrue statement of a
material fact, or omit any material fact the omission of which would be
misleading.

            vii.  Contract and Leases.  Issuer is not currently carrying on
any business and  is not a party to any contract, agreement or lease. No
person holds a power of attorney from Issuer.

            viii. Compliance with Laws.  To the best of its knowledge, Issuer
has complied with, and is not in violation of any federal, state, or local
statute, law, and/or regulation.

            ix.   Litigation.  Issuer is not (and has not been) a party to any
suit, action, arbitration, or legal, administrative, or other proceeding, or
pending governmental investigation. To the best knowledge of the Issuer, there
is no basis for any such action or proceeding and no such action or proceeding
is threatened against Issuer and  Issuer  is not subject to or in default with
respect to any order, writ, injunction, or decree of any federal, state,
local, or foreign court, department, agency, or instrumentality.

            x.    Conduct of Business.  Prior to the closing, Issuer shall
conduct its business in the normal course, and shall not (1) sell, pledge, or
assign any assets (2) amend its Articles of Incorporation or Bylaws.

            xi.   Corporate Documents. Copies of each of the following
documents, which are true complete and correct in all material respects, will
be attached to and made a part of this Agreement:

                  (1) Articles of Incorporation;
                  (2) Bylaws;
                  (3) Minutes of  Last Directors Meeting;

            xii.  Documents. All minutes, consents or other documents
pertaining to Issuer to be delivered at closing shall be valid and in
accordance with the laws of Delaware.

            xiii. Title.  The Shares to be issued pursuant to this Agreement
will be, at  closing, free and clear of all liens, security interests,
pledges, charges, claims, and encumbrances, but will have a restriction from
trading for two years. None of such Shares are or will be subject to any
voting trust or agreement. No person holds or has the right to receive any
proxy or similar instrument with respect to such shares, except as provided in
this Agreement, the Issuer is not a party to any agreement which  offers or
grants to any person the right to purchase or acquire any of the securities to
be issued pursuant to this Agreement. There is no applicable local, state or
federal law,  rule, regulation, or decree which would, as a result of the
issuance of the Shares, impair, restrict or delay any voting rights with
respect to the Shares.

      3.    FT  represents and warrants to Issuer the following:

            i.   Organization. FT is a corporation duly organized, validly
existing, and in good standing under the laws of Ontario and has all the
necessary corporate powers to own properties and carry on a business, and is
duly qualified to do business and is in good standing in Ontario.

            ii.  Assets.  FT represents and warrant it is including all
corporate assets in share purchase agreement.

            iii. Liabilities.  FT represent and warrant that it is not aware
of any pending, threatened or asserted claims, lawsuits or contingencies
involving FT. There is no dispute of any kind between FT and any third party,
and no such dispute will exist at the closing of this Agreement. At closing,
FT will be free from any and all liabilities, liens, claims and/or
commitments.

            iv.  Counsel.  FT represent and warrant that prior to Closing, it
has been represented by independent counsel.

      4.    INVESTMENT INTENT.  FT is acquiring the Shares for its own account
for purposes of investment and without expectation, desire, or need for resale
and not with the view toward distribution, resale, subdivision, or
fractionalization of the Shares.

      5.    CLOSING. The closing of this transaction shall take place at the
offices of Aquentium, Inc

      6.    DOCUMENTS TO BE DELIVERED AT CLOSING

            i.   By the Issuer

(1)  Board of Directors Minutes authorizing the issuance of a certificate or
certificates for the  Shares to be issued pursuant to this Agreement.

            ii.  FT.

(1) Delivery to the Issuer, certificates representing 100% of the issued and
outstanding securities of FT.

      7.    MISCELLANEOUS.

            i.   Captions and Headings. The Article and paragraph headings
throughout this Agreement are for convenience and reference only, and shall in
no way be deemed to define, limit, or add to the meaning of any provision of
this Agreement.

            ii.  No oral Change. This Agreement and any provision hereof, may
not be waived, changed, modified, or discharged orally, but only by an
agreement in writing signed by the party against whom enforcement of any
waiver, change, modification, or discharge is sought.

            iii. Jurisdiction. This Agreement shall be exclusively governed by
and construed in accordance with the laws of the State of Delaware, If any
action is brought among the parties with respect to this Agreement or
otherwise, by way of a claim or counterclaim, the parties agree that in any
such action, and on all issues, the parties irrevocably waive their right to a
trial by jury. Exclusive jurisdiction and venue for any such action shall be
the State Courts of Delaware. In the event suit or action is brought by any
party under this Agreement to enforce any of its terms, or in any appeal there
from, it is agreed that the prevailing party shall be entitled to reasonable
attorneys fees to be fixed by the arbitrator, trial court, and/or appellate
court.

            iv.  Non Waiver. Except as otherwise expressly provided herein, no
waiver of any covenant, condition, or provision of this Agreement shall be
deemed to have been made unless expressly  in writing and signed by the party
against whom such waiver is charged; and (I) the failure of any party to
insist in any one or  more cases upon the performance of any of the
provisions, covenants, or conditions of this Agreement or to exercise any
option herein contained shall not be construed as a waiver or relinquishment
for the future of any such provisions, covenants, or conditions, (ii) the
acceptance of performance of anything required by this Agreement to be
performed with knowledge of the breach or failure of a covenant, condition, or
provision hereof shall not be deemed a waiver of such breach or failure, and
(iii)   no waiver by any party of one breach by another party shall be
construed as a waiver with respect to any other or subsequent breach.

            v.   Time of Essence. Time is of the essence of this Agreement and
of each and every provision hereof.

            vi.  Entire Agreement.  This Agreement contains the entire
Agreement and understanding between the parties hereto, and supersedes all
prior agreements and understandings.

            vii. Counterparts. This Agreement may be executed simultaneously
in one or more counterparts, each of which shall be deemed an original, but
all of which together shall constitute one and the same instrument.

            viii. Notices.  All notices requests, demands, and other
communications under this Agreement shall be in writing and shall  be deemed
to have been duly given on the date of service if  served personally on the
party to whom notice is to be given, or  on the third day after mailing if
mailed to the party to whom  notice is to be given, by first class mail,
registered or certified, postage prepaid, and properly addressed, and by fax,
as follows:

            Issuer:  Aquentium, Inc.
                     Mark Taggatz
                     31500 Grape Street Suite 3401
                     Lake Elsinore, CA 92587
                     Fax: 509-275-3185

            FT:      Fiber Application Systems Technology, Inc.
                     Leon Rogochevsky
                     401 Magnetic Drive, Unit 3
                     North York, Ontario M3J 3H9 Canada
                     Fax: 416-661-7541


     IN WITNESS WHEREOF, the undersigned has executed this Agreement on this
29th day of June, 2002.


By: /s/ Mark Taggatz          By:/s/ Leon Rogochevsky
    ---------------------        ------------------------------------------
Per: Aquentium, Inc.          Per: Fiber Application Systems Technology Inc.

     Mark Taggatz                    Leon Rogochevsky