Document:

SHARE PURCHASE AGREEMENT

This share  purchase  agreement  ("AGREEMENT"),  dated as of May 10,  2000 among
Phillip G. Hinds, Z.S. Merrit and Michael R. Butler  (collectively,  "SELLERS"),
Phillips 44, Inc.  ("PHILLIPS  44"), the other Phillips 44 shareholders  ("OTHER
SHAREHOLDERS"), and John Rice and Joseph Ingrassia ("BUYERS").

                              W I T N E S S E T H:

A. WHEREAS,  Phillips 44 is a corporation  duly organized  under the laws of the
State of Wyoming.

B. WHEREAS,  Buyers wishes to purchase 420,000 of the outstanding  common shares
of  Phillips  44 free and  clear of liens and  encumbrances  from  sellers  (the
"PURCHASE  SHARES")  and  360,000  shares  from the Other  Shareholders  ("OTHER
SHAREHOLDERS")  who join this  Agreement by execution of the Acceptance and Sale
Addendum attached hereto.

C. WHEREAS, prior to the transaction Buyers is not an affiliate of Phillips 44.

     NOW, THEREFORE, it is agreed among the parties as follows:

                                   ARTICLE I

                                THE CONSIDERATION

     1.1 Subject to the  conditions  set forth  herein,  Sellers  shall sell and
Buyers  shall  purchase  420,000  shares of common  stock of  Phillips  44.  The
transactions  contemplated by this Agreement  shall be completed  simultaneously
herewith.  The purchase  price for the shares to be paid by Buyers to Sellers is
$.02 in cash (THE  "CONSIDERATION")  per share for which $8,400 is herewith paid
into escrow with M.A. Littman.

     1.2 In addition,  on or before three days after the closing of the purchase
set  forth  in 1.1  above.  Buyers  shall  pay  $.02  per  share  to each  Other
Shareholder who joins this Agreement by execution of the Addendum hereto,  for a
total of 360,000  shares for which $7,200  shall be  deposited  into escrow with
M.A. Littman for Other Shareholders within three days hereafter.
<PAGE>

                                   ARTICLE II

                              CONVEYANCE OF SHARES

     2.1 The  Purchase  Shares  and the  other  shares  shall be  delivered  and
conveyed by Sellers to Buyers simultaneously  herewith, with duly executed stock
powers, upon receipt of the Consideration by Sellers and Other Shareholders.

     2.2  After  closing  with  Sellers,  the Other  Shareholders  who join this
Agreement by execution of the  Acceptance  and Sale  Addendum  will convey their
shares to Buyers and receive $.02 per share of Phillips 44 sold.

                                  ARTICLE III

     REPRESENTATIONS, WARRANTIES AND COVENANTS OF SELLERS AS TO PHILLIPS 44

         Sellers and Phillips 44 each hereby, jointly and severally,  represent,
warrant and covenant to Buyers as follows:

     3.1 Phillips 44 is a corporation  duly organized,  validly  existing and in
good  standing  under the laws of the State of  Wyoming,  and has the  corporate
power and authority to own or lease its  properties and to carry on its business
as it is now being conducted.  The Articles of Incorporation  and Amendments and
Bylaws of  Phillips  44,  copies of which have been  delivered  to  Buyers,  are
complete and accurate, and the minute books of Phillips 44, copies of which have
also been delivered to Buyers,  contain a record, which is complete and accurate
in all material  respects,  of all meetings,  and all  corporate  actions of the
shareholders and Board of Directors of Phillips 44.

     3.2 The  authorized  capital  stock of Phillips  44 consists of  50,000,000
shares of common  stock.  There are 780,000  shares of Common  Stock  issued and
outstanding. All such shares of capital stock of Phillips 44 are validly issued,
fully paid and nonassessable.  Phillips 44 has no outstanding options, warrants,
or other rights to purchase,  or subscribe to, or other  securities  convertible
into or  exchangeable  for any  shares  of  capital  stock of  Phillips  44,  or
contracts or arrangements of any kind relating to the issuance, sale or transfer
of any capital  stock or other  equity  securities  of  Phillips  44. All of the
outstanding  shares of capital stock of Phillips 44 have been  offered,  issued,
sold and delivered in compliance  with applicable  federal and state  securities
laws and none of such  securities  were,  at the time of  issuance,  subject  to
preemptive rights.

     3.3 Phillips 44 does not own nor has it ever owned any  outstanding  shares
of capital stock or other equity  interests of any  partnership,  joint venture,
trust,  corporation,  limited liability company or other entity and there are no
obligations  of  Phillips  44 to  repurchase,  redeem or  otherwise  acquire any
capital stock or equity interest of another entity.

     3.4 This Agreement has been duly authorized, validly executed and delivered
on behalf of the  Sellers and  Phillips 44 and is a valid and binding  agreement
and obligation of the Sellers and Phillips 44  enforceable  against each Seller,
jointly and  severally,  and against  Phillips 44 in accordance  with its terms,
subject to limitations  on  enforcement  by general  principles of equity and by
bankruptcy  or  other  laws  affecting  the  enforcement  of  creditors'  rights
generally,  and the Sellers and Phillips 44 each have complete and  unrestricted
power to enter into and, upon the  appropriate  approvals as required by law, to
consummate the transactions contemplated by this Agreement.

<PAGE>

     3.5 Neither the making of nor the compliance  with the terms and provisions
of this Agreement and  consummation of the transactions  contemplated  herein by
Phillips  44 will  conflict  with or  result  in a breach  or  violation  of the
Articles  of  Incorporation  or  Bylaws  of  Phillips  44,  or of  any  material
provisions of any indenture, mortgage, deed of trust or other material agreement
or  instrument  to  which  Phillips  44 is a party  or by which it or any of its
material  properties  or assets are bound,  or of any material  provision of any
law, statute, rule, regulation,  or any existing applicable decree,  judgment or
order by any court, federal or state regulatory body,  administrative agency, or
other  governmental  body having  jurisdiction  over  Phillips 44, or any of its
material  properties or assets,  or will result in the creation or imposition of
any material lien, charge or encumbrance upon any material property or assets of
Phillips  44  pursuant  to the terms of any  agreement  or  instrument  to which
Phillips  44 is a party or by which  Phillips 44 may be bound or to which any of
Phillips 44 property  is subject and no event has  occurred  with which lapse of
time or action by a third party could  result in a material  breach or violation
of or default by Phillips 44.

     3.6 Except as  disclosed  herein,  and based upon the  representations  and
warranties of the Buyers set forth herein, no authorization,  consent, approval,
exemption or other action by or notice to any  government  entity or filing with
or consent of any  governmental  body is required  for the sale of the  Purchase
Shares to Buyers pursuant to this Agreement.

     3.7   There  is  no  claim,   legal   action,   arbitration,   governmental
investigation or other legal or administrative proceeding, nor any order, decree
or judgment in progress,  pending or in effect,  or to the best knowledge of the
Sellers  threatened  against or relating to Phillips 44 or affecting  any of its
assets,  properties,  business or capital stock.  There is no continuing  order,
injunction or decree of any court, arbitrator or governmental authority to which
Phillips  44 is a party  or by  which  Phillips  44 or its  assets,  properties,
business or capital stock are bound.

     3.8 Phillips 44 has  accurately  prepared and filed all Federal,  state and
other tax returns required by law, domestic and foreign,  to be filed by it, has
paid or made  provisions  for the  payment of all taxes  shown to be due and all
additional  assessments,  and adequate provisions have been and are reflected in
the financial  statements of Phillips 44 for all current taxes and other charges
to which  Phillips 44 is subject and which are not  currently  due and  payable.
None of the Federal  income tax returns of Phillips 44 have been  audited by the
Internal Revenue Service or other foreign  governmental tax agency.  Phillips 44
has no knowledge of any  additional  assessments,  adjustments or contingent tax
liability  (whether federal or state) pending or threatened  against Phillips 44
for  any  period,  nor of any  basis  for any  such  assessment,  adjustment  or
contingency.

     3.9 Sellers are the legal, beneficial and registered owners of the Purchase
Shares,  free and clear of any  liens,  charges,  encumbrances,  voting  trusts,
shareholder agreements or rights of any kind granted to any person or entity, or
any  interest  in or the  right to  purchase  or  otherwise  acquire  any of the
Purchase  Shares from the Sellers at any time upon the  happening  of any stated
event and may transfer such shares without the consent of any third party.  Upon
closing of the  transactions  contemplated  hereby,  the Buyers will acquire all
right,  title and interest in the Purchase Shares,  free and clear of all liens,
charges or encumbrances  and will have all of Seller's  entire right,  title and
interest in and to the Purchase Shares.  All Purchase Shares owned by Sellers is
set forth hereto on Schedule 3.9.
<PAGE>

     3.10 Other  Shareholders  who join this Agreement by Addendum shall warrant
and represent  that the shares sold by such  shareholders  are free and clear of
any liens and encumbrances  and may be transferred  without consent of any third
party.

     3.11 Phillips 44 has delivered to Buyers audited financial statements dated
December 31, 1999. All such  statements,  herein  sometimes  called "PHILLIPS 44
FINANCIAL  STATEMENTS"  are complete and correct in all material  respects  and,
together  with the  notes to these  financial  statements,  present  fairly  the
financial  position  and  results of  operations  of Phillips 44 for the periods
indicated.  All  financial  statements  of  Phillips  44 have been  prepared  in
accordance with generally accepted accounting principles.

     3.12 As of the date hereof,  there is no indebtedness.  Phillips 44 and the
Sellers  hereby,   jointly  and  severally,   represent  and  warrant  that  all
outstanding  indebtedness of Phillips 44 shall have been paid and released prior
to the  closing of the  transactions  hereby  and that there are no  outstanding
liens, charges or encumbrances on the assets of Phillips 44.

     3.13 Since the dates of the  Phillips 44 Financial  Statements,  there have
not been any material adverse changes in the business or condition, financial or
otherwise,   of  Phillips  44.  Phillips  44  does  not  have  any  liabilities,
commitments  or  obligations,  secured or  unsecured  except as shown on updated
financials (whether accrued, absolute, contingent or otherwise).

     3.14 Phillips 44 is not a party to any contract performable in the future.

     3.15 The  representations  and  warranties  of the Sellers and  Phillips 44
shall be true and correct as of the date hereof.

     3.16  Phillips 44 has delivered to Buyers,  all of its corporate  books and
records for review.

     3.17 Phillips 44 has no employee benefit plan in effect at this time.

     3.18 No  representation  or  warranty by Phillips 44 or the Sellers in this
Agreement,  or any  certificate  delivered  pursuant  hereto contains any untrue
statement of a material  fact or omits to state any material  fact  necessary to
make such representation or warranty not misleading.

     3.19  Sellers or  Phillips  44 have  delivered,  to Buyers true and correct
copies  of a Form  10SB  declared  effective  by  the  Securities  and  Exchange
Commission  ("SEC") and each of its other reports to shareholders filed with the
SEC for the year ended  December 31, 1999.  Phillips 44 is a registered  company
under the Securities Exchange Act of 1934, as amended.
<PAGE>

     3.20  Phillips  44 has duly filed all  reports  required  to be filed by it
under the Securities Act of 1933, as amended, and the Securities Exchange Act of
1934,  as amended (the  "Federal  Securities  Laws").  No such  reports,  or any
reports sent to the  shareholders of Phillips 44 generally  contained any untrue
statement of material  fact or omitted to state any material fact required to be
stated therein or necessary to make the  statements in such report,  in light of
the circumstances under which they were made, not misleading.

     3.21 The Sellers  have not  received  any general  solicitation  or general
advertising  regarding  the  shares of  Buyers's  common  stock  comprising  the
Consideration.

     3.22  Phillips  44 has  conducted  no  business  to date,  has  incurred no
liabilities and has no contract or open account affiliations whatsoever.

                                   ARTICLE IV

                        TERMINATION OF REPRESENTATION AND
               WARRANTIES AND CERTAIN AGREEMENTS; INDEMNIFICATION

     4.1 The  respective  representations  and  warranties of the parties hereto
shall survive this  Agreement  for three years and the  covenants  shall survive
hereafter.

     4.2 The right to indemnification, payment of Damages (as defined in section
4.5)  or  other  remedy  based  on any  representation,  warranty,  covenant  or
obligation  of a party  hereunder  shall not be  affected  by any  investigation
conducted  with  respect  to, or any  knowledge  acquired  (or  capable of being
acquired) at any time,  whether  before or after the  execution  and delivery of
this  Agreement,  with respect to the accuracy or  inaccuracy  of or  compliance
with, any such representation, warranty, covenant or obligation.

     4.3 The waiver of any condition to a party's  obligation to consummate  the
transactions  contemplated  hereunder,  where  such  condition  is  based on the
accuracy  of  any  representation  or  warranty,  or on  the  performance  of or
compliance  with any  covenant  or  obligation,  will not  affect  the  right to
indemnification,   payment  of   Damages,   or  other   remedy   based  on  such
representation, warranty, covenant or obligation.

     4.4  Phillips  44 and each of the  Sellers,  jointly and  severally,  shall
indemnify and hold harmless the buyers (the "BUYERS  INDEMNIFIED  PERSONS") for,
and will pay to the  Buyers  Indemnified  Persons,  the  amount  of,  any  loss,
liability,  claim,  damage  (including,   without  limitation,   incidental  and
consequential damages), cost, expense (including, without limitation,  interest,
penalties,  costs of  investigation  and  defense  and the  reasonable  fees and
expenses of attorneys  and other  professional  experts) or diminution of value,
whether or not involving a third-party claim (collectively, "DAMAGES"), directly
or indirectly arising from, attributable to or in connection with:

     (a)  any  representation or warranty made by the Sellers and Phillips 44 in
          this  agreement  or  any of  the  Sellers'  and  Phillips  44  closing
          deliveries,  that is, or was at the time made, false or inaccurate, or
          any  breach  of,  or  misrepresentation  with  respect  to,  any  such
          representation or warranty; and
<PAGE>

     (b)  any  breach by any of the  Sellers  or  Phillips  44 of any  covenant,
          agreement or obligation of the Sellers contained in this agreement.

     (c)  any  claims or  litigation  relating  to  Phillips  44 now  pending or
          threatened  or which may  hereafter be brought  against  Buyers and/or
          Phillips 44 based upon events  occurring  prior to the date hereof and
          not attributable to the acts of the Buyers.

     (d)  any and all actions, suits, proceedings, claims, demands, assessments,
          judgments,  costs, losses,  liabilities and reasonable legal and other
          expenses incident to any of the foregoing.

     4.5 The Sellers and Phillips 44 shall have no liability for indemnification
with respect to any representation or warranty, unless, on or before the [third]
anniversary  of the date  hereof,  the Buyers  notifies  the  Sellers of a claim
specifying  the basis thereof in  reasonable  detail to the extent then known by
the  Buyers.  A claim with  respect to any  covenant,  agreement  or  obligation
contained  in  this  agreement,  may  be  made  at any  time  without  any  time
limitation.

     4.6 Promptly after receipt by an  indemnified  party of written notice (the
"NOTICE OF CLAIM") of the commencement of any action, suit or proceeding against
it, or written threat thereof,  such indemnified party will, if a claim is to be
made against an indemnifying party under either of said sections, as applicable,
give notice to the indemnifying  party of the commencement of such action,  suit
or proceeding.  The indemnified party shall furnish to the indemnifying party in
reasonable  detail  such  information  as the  indemnified  party  may have with
respect  to  such  indemnification  claims  (including  copies  of any  summons,
complaint  or other  pleading  which may have been  served on it and any written
claim,  demand,  invoice,  billing or other document evidencing or assenting the
same). Subject to the limitations set forth in this section, no failure or delay
by the  indemnified  party in the  performance of the foregoing  shall reduce or
otherwise affect the obligation of the indemnifying  party to indemnify and hold
the  indemnified  party harmless except to the extent that such failure or delay
shall have materially and adversely affected the indemnifying party's ability to
defend against,  settle or satisfy any action,  suit or proceeding the claim for
which the  indemnified  party is  entitled  to  indemnification  hereunder.  The
foregoing  shall not apply to the extent  inconsistent  with the  provisions  of
section 4.8 relating to Proceedings.

     4.7 If the claim or demand  set forth in the  Notice of Claim  given by the
indemnified  party  is a  claim  or  demand  asserted  by  a  third  party,  the
indemnifying  party  shall  have 30 days  after  the Date of  Notice of Claim to
notify the  indemnified  party in writing of its  election  to defend such third
party claim or demand on behalf of the indemnified  party (the "NOTICE PERIOD");
provided,  however, that the indemnified party is authorized to file any motion,
answer or other pleading which it deems  necessary or appropriate to protect its
interests during the Notice Period.  If the indemnifying  party elects to defend
such third party claim or demand,  the indemnified party shall make available to
the indemnifying party and its agents and  representatives all records and other
materials which are reasonably required in the defense of such third party claim
or demand and shall  otherwise  cooperate  (at the sole cost and  expense of the
indemnifying  party)  with,  and  assist  (at the sole cost and  expense  of the
indemnifying  party) the indemnifying  party in the defense of, such third party
claim or demand, and so long as the indemnifying  party is diligently  defending
such third  party  claim in good  faith,  the  indemnified  party shall not pay,
settle or compromise such third party claim or demand. If the indemnifying party
elects to defend such third party claim or demand,  the indemnified  party shall
<PAGE>

have the right to control the  defense of such third  party claim or demand,  at
the indemnified party's own expense. If the indemnifying party does not elect to
defend  such third  party  claim or demand or does not defend  such third  party
claim or demand in good faith,  the  indemnified  party shall have the right, in
addition to any other right or remedy it may have hereunder at the  indemnifying
party's expense, to defend such third party claim or demand.

     4.8 The term  "Date of Notice of Claim"  shall  mean the date the Notice of
Claim is effective pursuant to section 5.5 of this Agreement.

     4.9 A claim for  indemnification for any matter not involving a third-party
claim  may be  asserted  by notice to the  party  from whom  indemnification  is
sought.

     4.10 Any legal action or proceeding  with respect to this  Agreement or any
matters arising out of or in connection with this Agreement or the  transactions
contemplated  hereby or the  documents  executed  and  delivered  in  connection
herewith,  and any action for enforcement of any judgment in respect thereof may
be brought  in the  courts of the State of  Wyoming  or of the United  States of
America for the  District of Wyoming,  and, by  execution  and  delivery of this
Agreement,  the  parties  each  hereby  accepts for itself and in respect of its
property,  generally  and  unconditionally,  the  jurisdiction  of the aforesaid
courts and appellate courts thereof.  The parties irrevocably consent to service
of  process  out of any of the  aforementioned  courts  in any  such  action  or
proceeding in accordance  with the notice  provisions  set forth in Section 5.5.
The  parties  each hereby  irrevocably  waive any  objection  that it may now or
hereafter  have to the  laying  of  venue  of any of the  aforesaid  actions  or
proceedings  arising  out  of  or in  connection  with  this  Agreement  or  the
transactions  contemplated  hereby or the  documents  execute and  delivered  in
connection  herewith  brought in the courts referred to above and hereby further
irrevocably  waive and agree, to the extent  permitted by applicable law, not to
plead or claim in any such court that any such action or  proceeding  brought in
any such court has been brought in an inconvenient  forum.  Nothing herein shall
affect  the  right of any  party  hereto to serve  process  in any other  manner
permitted by law.

                                   ARTICLE V

                              PROCEDURE FOR CLOSING

     5.1 At the Closing  Date,  the purchase  and sale shall be  effective  with
common  stock  certificates  of Phillips 44 being  delivered  duly  executed for
420,000  shares of common  stock to Buyers and the delivery of $.02 per share to
Sellers from Buyers (from the Escrow with M.A.  Littman),  together with deliver
of all other agreements, schedules, warranties, and representations set forth in
this Agreement.

     5.2 The  purchase  and sale of 360,000  shares of Phillips 44 common  stock
from the Other  Shareholders  shall occur upon tender of the Acceptance and Sale
Addendum executed by such Other Shareholders at $.02 per share.

<PAGE>
                                   ARTICLE VI

                           CONDITIONS PRECEDENT TO THE
                          CONSUMMATION OF THE PURCHASE

     The following are conditions precedent to the consummation of the Agreement
on or before the Closing Date:

     6.1 SELLERS shall have performed and complied with all of their  respective
obligations  hereunder  which are to be complied  with or performed on or before
the Closing Date and SELLERS and Phillips 44 and BUYER shall provide one another
at the Closing with a  certificate  to the effect that such party has  performed
each of the acts and  undertakings  required to be  performed by it on or before
the Closing Date pursuant to the terms of this Agreement.

     6.2 No action,  suit or proceeding shall have been instituted or shall have
been  threatened  before any court or other  governmental  body or by any public
authority to restrain,  enjoin or prohibit the transactions contemplated herein,
or which might subject any of the parties hereto or their  directors or officers
to any material liability,  fine,  forfeiture or penalty on the grounds that the
transactions  contemplated  hereby,  the parties  hereto or their  directors  or
officers, have violated any applicable law or regulation or have otherwise acted
improperly in connection  with the  transactions  contemplated  hereby,  and the
parties  hereto  have been  advised  by  counsel  that,  in the  opinion of such
counsel,  such action, suit or proceeding raises substantial questions of law or
fact which could  reasonably  be decided  adversely  to any party  hereto or its
directors or officers.

     6.3 All actions,  proceedings,  instruments and documents required to carry
out this  Agreement and the  transactions  contemplated  hereby and the form and
substance of all legal  proceedings and related matters shall have been approved
by counsel for BUYER.

     6.4 The  representations  and warranties  made by BUYER and SELLERS in this
Agreement shall be true as though such  representations  and warranties had been
made or given on and as of the  Closing  Date,  except to the  extent  that such
representations  and  warranties  may be  untrue on and as of the  Closing  Date
because of (1) changes caused by  transactions  suggested or approved in writing
by BUYER or (2)  events or changes  (which  shall not,  in the  aggregate,  have
materially and adversely affected the business,  assets, or financial  condition
of Phillips 44 during or arising after the date of this Agreement.)

     6.5 All  outstanding  liabilities  of  Phillips 44 shall have been paid and
released prior to closing.

     6.6 No change in the  management  or  directors  nor exercise of control of
Phillips 44 may occur until 1.1 and 2.2 and 5.2 have been completed with deliver
of all shares of  outstanding  Phillips  44 to Buyers and  delivery  of purchase
price to the Other Shareholders.
<PAGE>

                                   ARTICLE VII

                                  MISCELLANEOUS

     7.1 This Agreement  embodies the entire agreement between the parties,  and
there have been and are no agreements,  representations  or warranties among the
parties other than those set forth herein or those provided for herein.

     7.2  To  facilitate  the  execution  of  this  Agreement,   any  number  of
counterparts  hereof may be executed,  and each such counterpart shall be deemed
to  be  an  original  instrument,  but  all  such  counterparts  together  shall
constitute but one instrument.

     7.3 All parties to this  Agreement  agree that if it becomes  necessary  or
desirable to execute further instruments or to make such other assurances as are
deemed  necessary,  the party  requested  to do so will use its best  efforts to
provide such executed  instruments or do all things necessary or proper to carry
out the purpose of this Agreement.

     7.4 This  Agreement  may not be amended  except by written  consent of both
parties.

     7.5 Any notices,  requests,  or other communications  required or permitted
hereunder shall be delivered  personally or sent by overnight  courier  service,
prepaid, addressed as follows:

To Sellers:       c/o M.A. Littman
                  10200 W. 44TH Avenue, Suite 400
                  Wheat Ridge, CO  80033

To:               John Rice
                  Joseph Ingrassia

Copy to:

or such other  addresses as shall be furnished in writing by any party,  and any
such notice or  communication  shall be deemed to have been given as of the date
received.

     7.6 No press  release or public  statement  will be issued  relating to the
transactions contemplated by this Agreement without prior approval of Buyers and
Sellers.  However,  Phillips 44 may issue at any time any press release or other
public  statement  it believes on the advice of its counsel it is  obligated  to
issue to avoid liability  under the law relating to  disclosures,  but the party
issuing such press release or public statement shall make a reasonable effort to
give the other party prior  notice of and  opportunity  to  participate  in such
release or statement.

     7.7 This  Agreement  may be executed in two or more  counterparts,  each of
which shall be deemed an original but all of which shall be  considered  one and
the same agreement. This Agreement may be executed by facsimile signatures.

<PAGE>

     7.8 This  Agreement  shall be governed by and construed in accordance  with
and enforced  under the laws of the state of Wyoming  applicable  to  agreements
made and to be performed entirely in that state.

     IN WITNESS WHEREOF, the parties have executed this Agreement this 10th day
of May.

                                             SELLERS:

                                             /s/Phillips G. Hinds
                                             __________________________
                                             Phillips G. Hinds

                                             /s/Z.S. Merrit
                                             __________________________
                                             Z.S. Merrit

                                             /s/Michael R. Butler
                                             __________________________
                                             Michael R. Butler

                                             PHILLIPS 44, INC.

                                             By:/s/John R. Rice, III
                                             __________________________

                                             BUYERS:

                                             /s/John Rice
                                             __________________________
                                             John Rice

                                             /s/Joseph Ingrassia
                                             __________________________
                                             Joseph Ingrassia

<PAGE>

                                  SCHEDULE 3.9

         SELLERS                                       PURCHASE SHARES OWNED

         Phillips G. Hinds                                  140,000

         Z.S. Merrit                                        140,000

         Michael R. Butler                                  140,000AGREEMENT AND PLAN OF MERGER

     THIS AGREEMENT AND PLAN OF MERGER (the  "Agreement")  is entered into as of
the 10th day of May,  2000,  by and among Genus  International  Corporation,  a
Delaware  corporation  ("GIC") and  Phillips  44,  Inc.,  a Wyoming  corporation
("P44")

     WHEREAS, GIC is authorized to issue up to 2,000,000 shares of common stock,
no par value  ("GIC  Common  Stock")  of which  1,278,480  shares are issued and
outstanding; and

     WHEREAS P44 is authorized to issue up to 50,000,000 shares of common stock,
$.001  par  value  ("P44  Stock");  of  which  780,000  shares  are  issued  and
outstanding; and

     WHEREAS the respective  Boards of Directors of GIC and P44 believe it to be
in the best interests of their respective  corporations and shareholders for GIC
to  merge  with  and  into  P44  (P44  and  GIC  sometimes  referred  to as  the
"Constituent  Corporations") upon the terms and conditions herein contained; and
in connection therewith have each adopted, approved and authorized the execution
and delivery of this Agreement and Plan of Merger (the "Agreement"); and

     WHEREAS, the Board of Directors of P44 has submitted this Agreement and the
subject merger to its shareholders for approval as required by the corporate law
of the State of Wyoming.

     NOW   THEREFORE,   in   consideration   of  the  premises  and  the  mutual
representations,  warranties,  covenants and agreements  herein  contained,  the
parties hereto do hereby agree as follows:

                                    I. MERGER

         1.01 EFFECTIVE TIME. The merger contemplated by this Agreement shall be
effective on the date and time that the  Certificate of Merger is filed with the
Secretary of State of the State of Delaware (the "Effective Time").

         1.02 MERGER.  Upon the terms and subject to the conditions set forth in
this Agreement,  and in accordance with the General Corporation Law of the State
of Delaware (the "GCL") and the  corporation  laws of the State of Wyoming,  GIC
shall be merged with and into P44 at the Effective  Time (the  "Merger").  As of
the Effective Time, the separate corporate  existence of GIC shall cease and P44
shall continue as the surviving  corporation (the "Surviving  Corporation")  and
shall succeed to and assume all the rights and  obligations of GIC in accordance
with the GCL and the laws of Wyoming.  Without  limiting the  generality  of the
foregoing:

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<PAGE>

                  (a) P44, as the  surviving  corporation,  shall  continue  its
corporate existence under the laws of the State of Wyoming and shall possess all
of the rights,  privileges,  immunities,  powers, franchises and authority (both
public and private) of, and be subject to all of the restrictions,  disabilities
and duties of, P44 and GIC;

                  (b) all of the  assets  and  property  of GIC of  every  kind,
nature  and  description  (real,  personal  and  mixed  and  both  tangible  and
intangible) and every interest therein,  wheresoever located,  including without
limitation  all debts or other  obligations  belonging  or due to GIC, all stock
subscriptions, claims and chooses in action shall be and be deemed to be vested,
absolutely and unconditionally in P44 (to the same extent,  degree and manner as
previously vested in GIC);

                  (c) all debts and  obligations of GIC, all rights of creditors
of GIC and all liens  encumbering any of the property of GIC vested in P44 shall
remain in full force and effect without  modification or impairment and shall be
and be deemed to be enforceable  against P44 and its assets and properties  with
the same full force and effect as if such debts,  obligations  or liens had been
originally incurred or created by P44 in its own name and for its own behalf.

         1.03 CLOSING.  Subject to the satisfaction or waiver of the last of the
conditions  set forth in Article VI hereof,  the closing of the Merger will take
place at 10:00 am on May 10,  2000,  at the offices at 515 Madison  Avenue,  New
York,  New York or at such other time and place as the parties to this Agreement
shall agree (the "Closing  Date").  Subject to the terms and  conditions of this
Agreement, on the Closing Date: (a) the parties hereto shall each deliver to the
other the  documents,  agreements,  payments  and  consideration  required to be
delivered by each to the other party hereto as herein expressly provided and (b)
the  Constituent  Corporations  shall execute two originals of a Certificate  of
Merger  in the  forms  required  for  filing  with the  Secretary's  of State of
Delaware and Wyoming, which Certificates of Merger shall be filed by the parties
with  the  Secretary's  of State  of  Delaware  and  Wyoming  immediately  after
execution  on the Closing  Date.  Subsequent  to the Closing the parties  hereto
shall  thereafter  execute,  acknowledge,  deliver  and/or record such other and
further instruments, documents or certificates and/or take an perform such other
and further actions as may be required to effect and/or implement the merger.

         1.04     NAME.  Articles  of  surviving  corporation  amended to change
name.  The name  of  the Surviving  Corporation  shall  be "Genus  International
Corporation."

         1.05 CONSTITUTIONAL DOCUMENTS, DIRECTORS AND OFFICERS.  On  and  as  of
the Effective Time:

                  (a) The  Certificate of  Incorporation  of P44 on such date in
full force and effect shall be the Certificate of  Incorporation  of P44, as the
surviving  corporation,  until the same  shall be  altered,  amended,  modified,
terminated or rescinded in the manner provided by Wyoming laws;  which rights of
alteration,  amendment,  modification,  termination and/or rescission are hereby
expressly reserved by P44;

                  (b) The  By-Laws of P44 on such date in full force and effect,
shall be the By- Laws of P44, as the surviving corporation, until the same shall
be altered, amended, modified, terminated or rescinded in the manner provided in
the Certificate of Incorporation and/or Wyoming

                                        2

<PAGE>

laws; which rights of alteration,  amendment,  modification,  termination and/or
rescission are hereby expressly reserved by P44;

                  (c) The members of the Board of Directors, and the officers of
P44, the Surviving  Corporation,  shall consist of the directors and officers of
GIC  immediately  prior to the  Effective  Time;  each to serve in such capacity
until the earlier of their  resignation or removal or until their successors are
duly elected and qualified.

         1.06     PRINCIPAL  OFFICE. The  principal  office  of  the   Surviving
Corporation shall be the principal office of GIC of the Effective Time, which is
1237 South Val Vista Drive, Mesa, Arizona 85204.

              II. EFFECT OF MERGER ON CAPITAL STOCK OF CONSTITUENT
                     CORPORATIONS - EXCHANGE OF CERTIFICATES

         2.01  CONVERSION OF CAPITAL STOCK OF GIC. As of the Effective Time, the
shares of GIC Stock shall be converted and  exchanged  into shares of P44 Common
Stock and cash consideration in the following manner:

                  (a) Each issued and  outstanding  share of GIC Stock shall, by
virtue of the merger and without  any action on the part of the holder  thereof,
be converted and exchanged  into one fully paid and  nonassessable  share of P44
Common Stock;

                  (b)  After the  Effective  Time,  each  holder,  other  than a
Dissenting  Shareholder,  of an  outstanding  certificate  which  prior  to  the
Effective Time represented  shares of GIC Stock shall surrender such certificate
("Old  Certificate")  to P44,  and such  holder  shall  be  entitled  upon  such
surrender  to receive in  exchange  therefor a  certificate  for that  number of
shares of P44  Common  Stock  which such  holder is  entitled  to receive  under
Section 2.01(a)(i) of this Agreement.  Until surrendered as contemplated by this
sub-section, each Old Certificate for shares of GIC Stock shall be deemed at all
times after the  Effective  Time to represent  and evidence  (for all  corporate
purposes) that number of shares of P44 Common Stock into which the shares of GIC
Stock theretofore  represented by such Old Certificate shall have been converted
pursuant to Section  2.01(a)(i)  hereof.  From and after the Effective  Time the
sole rights of the holders of Old Certificates  representing shares of GIC Stock
shall be those to which they are  entitled  as owners of P44  Common  Stock into
which the  shares  of GIC Stock  evidenced  by such Old  Certificates  have been
converted as herein provided;

                  (d)   Notwithstanding   anything  in  this  Agreement  to  the
contrary,  any issued and  outstanding  shares of GIC Stock held by a person who
complies  with all of the  provisions of Delaware law  concerning  the rights of
holders  of GIC Stock to object to the  Merger and  require  appraisal  of their
shares ("Dissenting Shares" and "Dissenting  Shareholders",  as the case may be)
shall not be  converted  as  described  in Section  2.01(a)  but shall,  instead
entitle the holder thereof to receive such consideration as may be determined to
be due to such  Dissenting  Shareholder  pursuant to Delaware law. If, after the
Effective Time, such Dissenting Shareholder withdraws his demand

                                        3

<PAGE>

for  appraisal  or fails to perfect or  otherwise  loses his right of  appraisal
pursuant to Delaware  law, each of his shares shall be deemed to be converted as
of the Effective time into the P44 Common Stock specified in ss.2.01(a).

                   III. REPRESENTATIONS AND WARRANTIES OF P44

         In order to induce GIC to execute and perform this Agreement,  P44 does
hereby   represent,   warrant,   covenant  and  agree  (which   representations,
warranties, covenants and agreements shall be and be deemed to be continuing and
survive  the  execution  and  delivery  of this  Agreement,  the Closing and the
Effective Time) as follows:

         3.01     ORGANIZATION AND QUALIFICATION

                  (a) P44 is a corporation duly organized, validly existing, and
in good  standing  under  the laws of  Wyoming,  with all  requisite  power  and
authority to own, lease, license, and use its properties and assets and to carry
on the  business in which it is now engaged.  P44 is duly  qualified to transact
the  business  in which  it is  engaged  and is in good  standing  as a  foreign
corporation in every jurisdiction in which its ownership, leasing, licensing, or
use  of  property  or  assets  or  the  conduct  of  its  business   makes  such
qualification necessary.

                  (b) P44 has furnished to GIC its Certificate of  Incorporation
and  By-Laws,  as  presently  in  effect,  certified  by  the  Secretary  of the
corporation.  P44 is not in material  violation or breach of, or in default with
respect to, any term of its Certificate of Incorporation or By-Laws.

         3.02  CAPITALIZATION  The  authorized  capital stock of P44 consists of
50,000,000  shares of P44 Common  Stock of which  780,000  shares are issued and
outstanding.

         3.03  AUTHORITY P44 has all  requisite  power and authority to execute,
deliver, and perform this Agreement.  All necessary corporate proceedings of P44
have been or as of the Effective Time will have been duly taken to authorize the
execution,  delivery,  and  performance of this Agreement by P44. This Agreement
has been duly authorized, executed, and delivered by P44, constitutes the legal,
valid,  and  binding  obligation  of,  P44,  and  is  enforceable  as to  P44 in
accordance with its terms subject, as to enforcement of remedies,  to applicable
bankruptcy, insolvency, reorganization,  moratorium and other laws affecting the
rights of creditors generally and the discretion of courts in granting equitable
remedies.  Except for the provisions of the Wyoming Revised  Statutes  governing
the filing of the Certificate of Merger,  no consent,  authorization,  approval,
order,  license,  certificate,  or permit of or from, or  declaration  or filing
with, any federal, state, local, or other governmental authority or any court or
other tribunal is required by P44 for the execution, delivery, or performance of
this Agreement by P44.

         3.04 P44  COMMON  STOCK  All of the  shares of P44  Common  Stock to be
issued by P44 pursuant to this  Agreement  shall be and be deemed to be duly and
validly  authorized and, when issued to the  shareholders of GIC in exchange for
their GIC Stock, duly and validly issued, fully paid

                                        4

<PAGE>

and  nonassessable  and free and clear of all federal and state issuance,  stock
and/or company taxes, liens, claims, encumbrances and charges.

         3.05  CERTIFICATE  The  representations,   warranties,   covenants  and
agreements of P44 contained in this Agreement,  including,  without  limitation,
those  contained  in this  Article  III,  are true,  accurate and correct in all
respects  as of the date  hereof and shall be true,  accurate  and  correct  and
complete,  in all  respects,  as of the  Closing;  and at the  Closing P44 shall
deliver to GIC a  certificate,  executed by the chief  executive  officer of P44
remaking, on behalf of P44, each of the representations,  warranties,  covenants
and agreements of P44 set forth in this Agreement, including without limitation,
those set forth in this Article III. hereof.

         3.06     FINANCIAL STATEMENTS AND CONDITION

                  (a) P44 has delivered to GIC a true, correct and complete copy
of its Form 10-SB dated July 28, 1999 ("Registration  Statement") filed pursuant
to the Securities Exchange Act of 1934, as amended (the "34 Act") which contains
therein the audited  balance sheet,  statement of income,  statement of retained
earnings,  and  statement  of cash flows of P44 for the fiscal year ended August
31, l999 (the "Audited Financial Statements").

                  (b) At or prior to the Closing,  P44 shall have filed its Form
10Q for the  period  ended  November  30,  l999  including  unaudited  financial
statements ("Interim  Statements",  the Audited Financial Statements and Interim
Statements collectively the "Financial Statements").

                  (c) The Financial  Statements were prepared in accordance with
generally  accepted   accounting   principles  ("GAAP")   consistently   applied
throughout the period involved,  are true,  correct and complete in all material
respects,  are in  accordance  with the  books  and  records  of P44 and  fairly
present (and will fairly present) together with the notes thereto, the financial
position and results of operations of P44 for the periods therein indicated.

                  (d) Since the dates of the  Financial  Statements,  there have
not been, nor prior to the Closing will there be, any material  adverse  changes
in the business or condition, financial or otherwise, of P44.

         3.07 TAX AND OTHER  LIABILITIES  P44 has no  liability  of any  nature,
accrued,  absolute  or  contingent,   secured  or  unsecured  including  without
limitation  liabilities  for payroll and other employee taxes,  federal,  state,
local,  or foreign taxes or  liabilities  to customers or suppliers,  other than
liabilities  which are  reflected  on the  Financial  Statement.  Except for the
liabilities  included  on the  Financial  Statement,  as of  the  date  of  such
Financial Statement, P44 had no liabilities,  either fixed or contingent,  which
would have been required to be recorded  under GAAP as of such date,  and to the
knowledge  of P44 no such  liabilities,  other than  liabilities  arising in the
ordinary  course of business  and/or  pursuant to this  Agreement  have  accrued
and/or will accrue  between such date and the Effective  Time. P44 has filed all
federal,  state,  municipal and local tax returns  (whether  relating to income,
sales, franchise,  withholding, real or personal property or otherwise) required
to be filed under the laws of the United States and all applicable  states,  and
has paid in full all taxes which are due  pursuant to such returns or claimed to
be due by any taxing authority or otherwise due and owing. No penalties or other
charges are or will become due with respect to the late filing of

                                        5

<PAGE>

any such return.  To the best of the knowledge of P44, after due  investigation,
each such tax return  heretofore filed by P44 correctly and accurately  reflects
the amount of its tax liability thereunder. P44 has withheld, collected and paid
all other  levies,  assessments,  license fees and taxes to the extent  required
and,  with respect to payments,  to the extent that the same have become due and
payable;

         3.08 LITIGATION AND CLAIMS There is no litigation,  arbitration, claim,
governmental or other proceeding (formal or informal),  or investigation pending
or, or to the  knowledge  of P44  threatened,  with respect to P44 or any of its
business, properties, or assets.

         3.09  PROPERTIES As of the Effective  Time, P44 will have good title to
all  properties and assets used in its business or owned by it free and clear of
all  liens,  claims,  mortgages,   security  interests,  pledges,  charges,  and
encumbrances.

         3.10  CONTRACTS AND OTHER  INSTRUMENTS  P44 is not a party to nor it or
its assets bound by any agreement of any kind,  nature or description  except as
set forth in the Registration Statement. P44 is not in breach or violation of or
default under any contract or instrument to which P44 is a party and/or by which
its assets are bound;  and no event has occurred which with the lapse of time or
action by a third party could  result in a breach or  violation of or default by
P44 under any contract or other  instrument  to which P44 is a party of by which
it or any of its  assets  are  bound  or  affected,  nor is there  any  court or
regulatory order pending against or affecting P44 and/or any of its assets.  P44
is not a party to any agreement performable in the future

         3.11  EMPLOYEES P44 has no employees  and no welfare  benefit plans (as
defined in Section 3(3) of the Employee  Retirement  Income Security Act of 1974
("ERISA") or otherwise of any kind, nature or description.

         3.12 PRE CLOSING ACTIVITY P44 shall not enter  into or  consummate  any
transactions  prior to the Closing other than in the ordinary course of business
and will pay no dividend, or increase the compensation of any officer,  director
or employee and will not enter into any  transaction  or  agreement  which would
adversely affects its financial condition.  P44 shall deliver to GIC or prior to
the Closing  copies of any and all  reports  relating  to the  financial  and/or
business condition of P44 which are created or published  subsequent to the date
hereof together with any reports or  communications  sent to the stockholders of
P44 subsequent to the date hereof.

         3.13  ACCURACY  No  statement,  representation  or  warranty  contained
herein,  in  any  certificate   delivered   pursuant  to  this  Agreement,   the
Registration  Statement and/or in any report filed with the Securities  Exchange
Commission (the "Commission") contains or will contain any untrue statement of a
material  fact or  omits to state  any  material  fact  necessary  to make  such
statement, representation or warranty not misleading.

         3.14 FILINGS P44 has delivered (or will deliver,  prior to the Closing)
to  GIC  true,  correct  and  complete  copies  of  the  Registration  Statement
(including exhibits) together with each of its other reports to shareholders and
filings with the Commission for the year ended December 31, l999 and through the
date of the  Closing.  P44 has duly and timely  filed  (and  will,  prior to the
Closing duly and timely  file) all reports  required to be filed by it under the
Securities Act of l933,

                                        6

<PAGE>

as amended ("33Act") and the 34 Act (collectively the "Federal Securities Laws")
None of the foregoing  reports nor any reports sent to the  shareholders  of GIC
contained any untrue statement of material fact or omitted to state any material
fact required to be stated  therein or necessary to make the  statements in such
reports,  in  light  of the  circumstances  under  which  they  were  made,  not
misleading.

         3.15 BOARD  ACTION  During the period  from the date  hereof  until the
Closing  there  shall not be taken an action  by the Board of  Directors  of P44
without the prior written consent of GIC in each instance.

                    IV. REPRESENTATIONS AND WARRANTIES OF GIC

         In order to induce P44 to execute and perform this Agreement,  GIC does
hereby   represent,   warrant,   covenant  and  agree  (which   representations,
warranties, covenants and agreements shall be and be deemed to be continuing and
survive  the  execution  and  delivery  of this  Agreement,  the Closing and the
Effective Time) as follows:

         4.01   ORGANIZATION  AND  GOOD  STANDING  GIC  is  a  corporation  duly
organized,  validly existing and in good standing under the laws of the State of
Delaware  with full power and  authority to own or lease its  properties  and to
carry on its business as presently  being  conducted  and enter into and perform
each  of the  transactions,  covenants  and  agreements  provided  for  in  this
Agreement.

         4.02 EXECUTION AND PERFORMANCE  AUTHORIZED The execution,  delivery and
performance  of this  Agreement and all other  documents and related  agreements
contemplated  hereunder,  have been duly approved by GIC board of directors  and
shareholders;  such  execution and delivery and the  consummation  by GIC of the
transactions,  covenants and  agreements  contemplated  hereunder have been duly
authorized  by the  taking of all  necessary  corporate  action;  and no further
action is required  to be taken by law and/or  pursuant  to the  certificate  of
incorporation,  by-laws or otherwise of GIC to authorize the execution, delivery
and/or  performance of this Agreement,  and/or the taking of all action required
to be taken by GIC with respect to this  Agreement and the  consummation  of the
transactions  and  performance  of  this  Agreement  and  the  other  agreements
contemplated  hereunder.  The  Agreement  and the other  documents  contemplated
hereunder, are valid and binding and fully enforceable against GIC in accordance
with  their  respective  terms,  subject,  as to  enforcement  of  remedies,  to
applicable  bankruptcy,  insolvency,  reorganization,  moratorium and other laws
affecting  the rights of creditors  generally  and the  discretion  of courts in
granting  equitable  remedies.  No  consent,  authorization,   approval,  order,
license,  certificate,  or permit of or from, or declaration or filing with, any
federal,  state,  local, or other  governmental  authority or any court or other
tribunal is required by GIC for the execution,  delivery, or performance of this
Agreement and the other agreements referred to herein.

         4.03 ABSENCE OF LITIGATION There is no action,  lawsuit,  proceeding or
investigation  of any kind or nature  pending or, to its  knowledge,  threatened
against GIC before any court,  tribunal or administrative  agency or board which
it reasonably expects, individually or in the aggregate, to

                                        7

<PAGE>
materially and adversely: (a) affect the solvency of GIC, (b) affect its ability
to perform hereunder, or (c) render any one or more of this Agreement and/or any
of the  agreements  referred  to herein  and/or  the  transactions  contemplated
hereunder void or voidable.

         4.04 NO OTHER DEFAULT The execution and delivery of this  Agreement and
the  other  agreements   referred  to  herein,   and  the  consummation  of  the
transactions contemplated hereunder will not conflict with or violate or require
any  consent  under  and  will  not  result  in any  breach  or  termination  of
certificate of  incorporation or by-laws of GIC, or any other agreement to which
GIC is a party or by which its  properties  are subject or by which it is bound.
GIC is not in violation  of, or in default  under,  (i) any term or provision of
its  constitutional  documents;  (ii)  any  material  term or  provision  or any
financial  covenant of any indenture,  mortgage,  contract,  commitment or other
agreement  or  instrument  to  which  it is a party or by which it or any or its
properties  or business is or may be bound or  affected;  or (iii) any  existing
applicable law, rule, regulation,  judgment, order or decree of any governmental
agency or court, domestic or foreign,  having jurisdiction over it or any of its
properties or business. GIC owns, possesses or has obtained all governmental and
other licenses, permits,  certifications,  registrations,  approvals or consents
and other  authorizations  necessary to own or lease, as the case may be, and to
operate its  properties  and to conduct its business or  operations as presently
conducted and all such governmental and other licenses, permits, certifications,
registrations,  approvals, consents and other authorizations are outstanding and
in good standing,  and there are no  proceedings  pending or, to the best of its
knowledge,  threatened,  or any basis  therefor  existing,  seeking  to  cancel,
terminate  or  limit  such  licenses,  permits,  certifications,  registrations,
approvals or consents or authorizations,  or related to the breach or failure to
comply of GIC with any law, rule, regulation, judgment, order or decree;

         4.05 PERMITS AND FILINGS  Except for the filing of the  Certificate  of
Merger,  there is no  requirement  applicable to GIC to make any further  filing
with,  or to obtain  any  permit,  authorization,  consent or  approval  of, any
governmental  or  other  regulatory  authority  as a  condition  of  the  lawful
consummation of the transactions contemplated under this Agreement.

         4.06  CORPORATE  DOCUMENTS GIC has  furnished to P44 true,  correct and
complete  copies of its certificate of  incorporation,  by-laws and minute book,
and a certificate of good standing from the State of Wyoming dated within thirty
(30) days of the  Closing  Date.  The minute  book  contains a record,  which is
complete  and  accurate  in all  material  respects,  of all  meetings  and  all
corporate  actions of the shareholders and Board of Directors of GIC. GIC is not
in material  violation or breach of, or in default with respect to, (a) any term
of its  constitutional  documents or any  agreement to which it is a party or by
which its assets are bound, or (b) any law, rule, regulation, judgment, order or
decree of any governmental  agency or court having  jurisdiction  over it or its
assets.

         4.07  CAPITALIZATION  The  authorized  capital stock of GIC consists of
2,000,000 shares of common stock ("GIC Stock") of which 1,278,480 are issued and
outstanding  ("Outstanding GIC Stock").  The shares of Outstanding GIC Stock are
duly authorized,  validly issued,  fully paid, and  nonassessable.  There are no
commitments, plans, arrangements to issue, options, warrants, security, or other
rights  calling  for the  issuance  of,  any  shares of  capital  stock or other
ownership interest in GIC or any security or other instrument  convertible into,
exercisable for, or exchangeable for capital stock of or ownership in GIC.

                                        8
<PAGE>
         4.08 PURCHASE FOR INVESTMENT  PURPOSES ONLY The shareholders of GIC are
acquiring the P44 Common Stock as a result of the Merger for investment purposes
only and not with the view to the resale or  distribution  thereof.  Each of the
shareholders   of  GIC  is  an  "accredited   investor"  under  the  regulations
promulgated  under  the 33Act or  otherwise  meets  one of the  definitions  for
persons  entitled to acquire  unregistered  securities  pursuant to an exemption
from  registration  under  the 33 Act.  Neither  GIC nor its  shareholders  have
received  and/or relied upon any  representations  or warranties  from P44 other
than those  contained in this  Agreement and the attached  schedules or exhibits
hereto.  GIC  represents  and warrants  that it and its  shareholders  have such
knowledge and  experience in financial and business  matters as to be capable of
evaluating the merits and risks of its  investment in P44 Common Stock.  GIC and
its  shareholders  understand and acknowledge  that the P44 Common Stock has not
been  registered  under the Act or under any state  securities act and are being
issued to the  shareholders  of GIC pursuant to an exemption  from  registration
under the Act. The reliance by P44 upon such  exemption is  predicated  upon the
representations  and warranties of GIC contained herein. In this regard, GIC and
its  shareholders  understand  and  agrees  that  there  may be  affixed  to the
certificates  representing  the  shares  of P44  Common  Stock  acquired  by the
shareholders of GIC hereunder a legend advising of the unregistered,  restricted
nature of the shares.

         4.09  CERTIFICATE  The  representations,   warranties,   covenants  and
agreements of GIC contained in this Agreement,  including,  without  limitation,
those  contained  in this  Article  IV, are true,  accurate  and  correct in all
respects  as of the date  hereof and shall be true,  accurate  and  correct  and
complete,  in all  respects,  as of the  Closing;  and at the  Closing GIC shall
deliver to P44 a  certificate,  executed by the chief  executive  officer of GIC
remaking,  on behalf of GIC each of the representations,  warranties,  covenants
and agreements set forth in this Agreement,  including without limitation, those
set forth in this Article IV hereof.

                        V. COVENANTS AND OTHER AGREEMENTS

         5.01 CONDUCT OF BUSINESS OF GIC Except as herein expressly  provided to
the contrary or as otherwise agreed to in writing by P44, during the period from
the execution of this Agreement until the earlier to occur of the Effective Time
or the  termination of this Agreement as herein  provided,  GIC will conduct its
operations according to its ordinary and usual course of business and consistent
with past  practice.  In this  regard,  except  as  expressly  provided  in this
Agreement  to the  contrary  or  otherwise  agreed  to by P44 in  writing  or as
required by law or agreement,  GIC will not,  between the date of this Agreement
and the  earlier  to  occur of the  Effective  Time or the  termination  of this
Agreement as herein provided:

     (a)  Make or  become  obligated  to  make,  any  payment  to any  director,
          officer, employee, or agent;

     (b)  Declare any dividend or make any other distribution to shareholders;

     (c)  Incur any  indebtedness  for  borrowed  money  except in the  ordinary
          course of business;

                                        9

<PAGE>

     (d)  Sell, lease,  license,  encumber or dispose of any material portion of
          its properties or assets except in the ordinary course of business;

     (e)  Expend  funds  for any  individual  capital  expenditure  in excess of
          $1,000 or aggregate capital expenditures in excess of $5,000;

     (f)  Issue any shares of capital  stock,  modify or  reorganize  its equity
          capitalization  or grant any  option  or other  right to  acquire  any
          shares of its capital stock;

     (g)  Amend its certificate of incorporation or by-laws.

     (h)  Change its business,  operations or financial condition, or the manner
          of managing or conducting its business and operations if such changes,
          if any, have a material adverse effect on such business, operations or
          financial condition, taken as a whole;

     (i)  Change  its  accounting  methods  or  practices  (including,   without
          limitation, any change in depreciation,  amortization and/or good will
          policies or rates;

     (j)  Incur any  damage,  destruction  or loss  (whether  or not  covered by
          insurance)  which   materially  and  adversely   affects  its  assets,
          business, operations or financial condition;

     (k)  Make any loan to any person or entity and/or issue any guaranty for or
          with respect to its own or another's obligations; or

     (l)  Waive or release any right or claim;

         5.02  TRANSACTION  COSTS AND EXPENSES Each of the parties  hereto shall
pay its own  respective  costs  incurred  in  connection  with this  transaction
including,  without limitation,  all legal,  accounting,  auditing and appraisal
fees in negotiating  and preparing this Agreement and in  consummating,  closing
and implementing the transactions contemplated hereby.

         5.03 SUBSEQUENT EVENTS Each of the parties hereto shall promptly advise
the other parties  hereto,  in writing of (a) the  occurrence of any event which
renders any of the  representations or warranties of such party set forth herein
inaccurate in any material respect,  and (b) the failure of such party to comply
with or accomplish,  in any material respect, any of the covenants or agreements
of such party set forth herein.

         5.04 INDEMNITY

                  (a) P44 does hereby agree to indemnify  and hold  harmless GIC
and its employees,  officers, directors and successors against and in respect of
any  and  all  claims,  suits,   actions,   proceedings  (formal  or  informal),
governmental  investigations,   judgments,   deficiencies,   set-offs,  damages,
settlements,  liabilities,  and reasonable  legal and other expenses  (including
reasonable  attorneys' fees and defense costs) as and when incurred  arising out
of or based upon any breach by P44 of any representation, warranty, covenant, or
agreement of P44 contained in this Agreement;

                                       10

<PAGE>

                  (b) GIC does hereby agree to indemnify  and hold  harmless P44
and its employees,  officers, directors and successors against and in respect of
any  and  all  claims,  suits,   actions,   proceedings  (formal  or  informal),
governmental  investigations,   judgments,   deficiencies,   set-offs,  damages,
settlements,  liabilities,  and reasonable  legal and other expenses  (including
reasonable  attorneys'  fees and costs of defense) as and when incurred  arising
out of or based upon any breach of any representation,  warranty,  covenant,  or
agreement of GIC contained in this Agreement.

                  (c) The parties' respective  indemnity  obligations  hereunder
shall be subject to the following terms, limitations and conditions:

                           (i) A person claiming the right to indemnity coverage
         under this Section 5.04  ("indemnitee")  shall give the party from whom
         he or it seeks indemnity coverage  ("indemnitor")  prompt notice of the
         assertion of any indemnified  claim on the basis of which an indemnitee
         intends to seek  indemnification from an indemnitor as provided herein;
         provided,  however,  that  the  obligation  of an  indemnitor  shall be
         reduced for the failure to give timely  notice at any  particular  time
         only to the extent that the  indemnitor  has been  actually  prejudiced
         thereby;

                           (ii) The indemnitor  shall have the duty to zealously
         and  competently  defend,  with counsel  selected by  indemnitor  after
         consultation  with  the  primary  indemnitee,  any  matter  subject  to
         indemnity  coverage under  subparagraphs (a) or (b) of this section and
         to pay all  costs  of such  defense.  In any  case  where  indemnitor's
         obligation to provide a zealous  defense is  compromised by conflict of
         interest between itself and an indemnitee or between  indemnitees,  the
         indemnitor shall,  upon the request of an indemnitee,  provide separate
         legal  representation  to  obviate  the  conflict  of  interest.   When
         indemnitor  has  assumed  the  defense  obligations  of  this  section,
         indemnitor  shall  have the  right to settle  the  matter  without  the
         indemnitees'  consent,  provided  indemnitor in fact commits sufficient
         funds  to  satisfy  the  settlement  in  full.  In the  event  that  an
         indemnitor fails to defend as provided in this section,  any indemnitee
         shall  have  the  right  (but  not the  obligation)  to  select  and be
         represented  by  counsel  of  its  choice,  to  manage  its  own  legal
         representation  or  defense  and to  settle  any  claim,  debt or other
         indemnified  matter  hereunder,  and the indemnitor  shall be liable to
         such  indemnitee  for all  costs,  expenses,  damages  and  settlements
         incurred by such indemnitee;

                           (iii)  With   respect  to  any  claim  for  which  an
         indemnitor  shall  indemnify any  indemnitee,  the indemnitor  shall be
         subrogated  to all rights of any  indemnitee  against any and all third
         parties up to the amount paid by indemnitor to  indemnitees  or set off
         by such indemnity against an indemnitor;

                           (iv) No  indemnitor  shall be liable for that portion
         of any  claim  for  which  an  indemnitee  actually  receives  from any
         insurance,  the defense, cost of defense or insurance proceeds covering
         such claim (the  deductible  pertaining to any such insurance shall not
         be considered to be insurance proceeds or cost of defense).

         5.05 RELATED  AGREEMENTS  Each of the parties shall execute and deliver
at Closing the related  agreements,  instruments  and  documents  specified  for
delivery at Closing or the Effective Time in

                                       11

<PAGE>

Sections 6.02 and 6.03 and elsewhere in this agreement or in a related agreement
to which each, respectively, is a party.

         5.06 P44  LIABILITIES  Prior to the Closing P44 shall have paid in full
any and all liabilities of P44 of every kind, nature and description.

         5.07  INSPECTION  At all  times  prior to the  Closing,  during  normal
business hours an upon  reasonable  notice,  each party will permit the other to
examine its books and records and the books and records of its subsidiaries,  to
discuss the same with such party's authorized  representative and to make copies
thereof and abstracts  therefrom.  It is recognized  that each party may provide
the other with information (including, without limitation, information contained
in its books and records  and/or  pursuant to the  inspection  described  in the
preceding sentence) which is confidential or proprietary information. During the
period from the date hereof until the fourth annual  anniversary  of the Closing
(or the  termination of this Agreement if the Merger is abandoned) the recipient
of any such  information  shall  protect such  information  from  disclosure  to
persons,  other  than  members  of its own  organization  and  its  professional
advisers,  in the same manner as it protects its own confidential or proprietary
information from  unauthorized  disclosure,  and not use such information to the
competitive  detriment of the disclosing party. In addition if this Agreement is
terminated  for any  reason,  each party  shall  promptly  return or cause to be
returned  all  documents  or  other  written  records  of such  confidential  or
proprietary  information,  together  with all copies of such  writings  and,  in
addition,  shall either furnish or cause to be furnished,  or shall destroy,  or
shall  maintain with such  standard of care as is exercised  with respect to its
own  confidential  or  proprietary  information,  all copies of all documents or
other written  records  developed or prepared by such party on the basis of such
confidential  or proprietary  information.  No  information  shall be considered
confidential or proprietary if it is (a)  information  already in the possession
of the party to whom disclosure is made, (b)  information  acquired by the party
to whom disclosure is made from other sources,  or (c) information in the public
domain or  generally  available to  interested  persons or which at a later date
passes  into  the  public  domain  or  becomes  available  to the  party to whom
disclosure is made without any wrongdoing by the party to whom the disclosure is
made.

                                 VI. CONDITIONS

         6.01  CONDITIONS  TO  OBLIGATION  TO EFFECT THE  MERGER The  respective
obligations  of each  party to  consummate  the  Merger  shall be subject to and
conditioned  upon  the  satisfaction  at or  prior  to the  Closing  Date of the
following conditions:

                  (a) To the extent  required by the Delaware GCL and/or Wyoming
law or the party's certificate of incorporation or by-laws, shareholder approval
shall have been obtained;

                  (b) No statute,  rule,  regulation  executive  order,  decree,
temporary restraining order,  preliminary or permanent injunction or other order
issued by any  court or  competent  jurisdiction  or other  governmental  entity
preventing the consummation of the Merger shall be in effect; provided that each
of the parties shall have used reasonable efforts to prevent the entry of any

                                       12

<PAGE>

such  injunction  or other  order and to  appeal as  promptly  as  possible  any
injunction or other order that may be entered;

                  (c)  There  shall not have  occurred  or been  discovered  any
material  breach or  inaccuracy  of any  representation  or warranty made by any
other party in this  Agreement,  and there shall not have  occurred any material
breach of any  covenant or  obligation  required by this  Agreement or by law to
have been performed by any other party prior to the Effective Time; and

                  (d)  Each  party  shall  have   received  all   documents  and
agreements required to be delivered to it at or before the Closing.

         6.02 P44'S OBLIGATIONS AT CLOSING

                  (a) At the Closing, P44 shall deliver or cause to be delivered
to GIC, in form satisfactory to GIC, the following:

                    (i)  A true  copy of the  minutes  of the  meeting  of P44's
                         Board of Directors approving the Plan of Merger and the
                         Merger and  authorizing  the  execution,  delivery  and
                         performance of this Agreement;

                    (ii) A  certificate  of good  standing for P44 issued within
                         thirty  (30)  days  prior  to the  Closing  Date by the
                         Secretary of State of Wyoming; and

                    (iii)All other  schedules,  certificates and other documents
                         required by this Agreement or by law to be delivered by
                         P44 on or before Closing or the Effective Time.

                  (b) At the Closing, P44 shall deliver or cause to be delivered
to the  Exchange  Agent (as  defined)  the  consideration  (set forth in Section
2.01(a)  hereof)  to be  received  by  each  holder  of GIC  Stock  (other  than
Dissenting  Shareholders)  who shall have  surrendered  to P44, at or before the
Closing his, her or its certificate  representing  all shares of GIC Stock owned
and/or held by such  shareholders;  and the Exchange  Agent (as defined)  shall,
immediately  following  the  recordation  of the  Certificates  of Merger in the
States  of  Delaware  and  Colorado,  distribute  such  consideration  to, or in
accordance  with the written  directions  of, such holders of GIC Stock as their
respective interests may appear.  Michael A. Littman,  Esq. is hereby designated
by the  parties  hereto as the  Exchange  Agent;  and by his  execution  of this
Agreement,  Mr. Littman accepts such engagement and agrees to perform the duties
of Exchange Agent as herein set forth.

         6.03     GIC'S OBLIGATIONS AT CLOSING

         At or prior to the Closing,  GIC shall deliver or cause to be delivered
to P44, in form satisfactory to P44, the following:

                  (a) A true copy of the  minutes of the meeting of the Board of
Directors  of GIC  adopting  the  Agreement  and Plan of Merger  and  Merger and
authorizing GIC's execution, delivery and performance of this Agreement;

                                       13

<PAGE>

                  (b) An opinion of counsel to GIC reasonably  acceptable to P44
with respect to such matters and in such form as shall be  reasonably  requested
by and acceptable to P44;

                  (c) Documentary proof reasonably acceptable to P44 that all of
 the liabilities of GIC of every kind,  nature and description have been paid in
 full as at and through the date of the

Closing, except as may be excluded in Schedule 6.03(d) hereto;

                  (d) All of the books and records of GIC;

                  (e) A  certificate  of good  standing  for GIC  issued  within
 thirty  (30)  days  prior  to the  Closing  Date by the  Secretary  of State of
 Delaware; and

                  (f)      All other schedules, certificates and other documents
required by this Agreement to  be delivered by GIC  on or  before Closing or the
Effective Time;

                                VII. ABANDONMENT

         7.01   ABANDONMENT  OF  MERGER  The  rights  and   obligations  of  the
Constituent  Corporations  under this Agreement may be terminated and the Merger
abandoned  prior to the Effective  Time by the mutual  agreement of the Board of
Directors of both of the Constituent Corporations.

                               VIII. MISCELLANEOUS

         8.01  BROKERAGE  FEES No party to this  Agreement  has  consented to or
authorized any broker or agent to act on its behalf, directly or indirectly,  as
a broker or finder  in  connection  with the  transaction  contemplated  by this
Agreement.  In the event any claim is made for a  broker's  or  finder's  fee in
connection with the transactions  contemplated hereunder,  the party responsible
for retaining or securing said broker or finder shall be solely  responsible for
the  payment of any  broker's  or finder's  fees  incurred as a result  thereof.
Further,  the  responsible  party or parties  shall  indemnify the other parties
against any loss or liabilities by reason of such broker's or finder's fees.

         8.02  FURTHER  ACTIONS  At any time and from time to time,  each  party
agrees,  at its  expense,  to take such  actions and to execute and deliver such
documents  as may be  reasonably  necessary to  effectuate  the purposes of this
Agreement.

         8.03  SURVIVAL  Except as otherwise  provided  herein,  the  covenants,
agreements,  representations,  and  warranties  contained in or made pursuant to
this   Agreement   shall  survive  the  Effective   Time  and  any  delivery  of
consideration at Closing or the Effective Time irrespective of any investigation
made by or on behalf of any party.

         8.04  MODIFICATION  This  Agreement  and the  related  instruments  and
agreements hereto set forth the entire understanding of the parties with respect
to the subject matter hereof, supersede all

                                       14

<PAGE>
existing  agreements  among them  concerning  such  subject  matter,  and may be
modified  only by a  written  instrument  duly  executed  by all of the  parties
hereto.

         8.05 NOTICES All notices,  elections,  reports or other  correspondence
required  or  permitted  hereunder  shall be in writing  and deemed to have been
properly  given or  delivered  when mailed by  certified  mail,  return  receipt
requested,  postage prepaid,  delivered by overnight  express courier,  delivery
fees prepaid, or transmitted by fax with receipt confirmed, to the party to whom
directed at the below specified addresses:

If to GIC:                 William Young, Sr.
                           1237 South Val Vista Drive
                           Mesa, Arizona 85204

with a copy to:            Gregory A. Larson, Esq.
                           1237 South Val Vista Drive
                           Mesa, Arizona 85204

If to P44:

With a copy to:            Michael A. Littman, Esq.
                           10200 W. 44TH Avenue, Suite 400
                           Wheat Ridge, CO 80033

Any such notice  shall be deemed  given three days after  deposit with the mail,
one day  following  delivery  thereof to an  overnight  express  courier or upon
confirmation  of receipt when sent by fax. The address of a party may be changed
in accordance with the notice provisions of this section.

         8.06  WAIVER  Any waiver by any party of a breach of any  provision  of
this Agreement  shall not operate as or be construed to be a waiver of any other
breach  of that  provision  or of any  breach  of any  other  provision  of this
Agreement. The failure of a party to insist upon strict adherence to any term of
this  Agreement on one or more  occasions  will not be  considered a waiver,  or
deprive that party, of the right  thereafter to insist upon strict  adherence to
that term or any other term of this Agreement. Any waiver must be in writing.

         8.07 BINDING EFFECT The  provisions of this Agreement  shall be binding
upon and  inure to the  benefit  of the  parties  hereto  and  their  respective
successors  and  assigns,  and in  addition  shall  inure to the  benefit of the
indemnitees  and their  respective  successors,  assigns,  heirs,  and  personal
representatives.

         8.08 NO THIRD-PARTY  BENEFICIARIES  This Agreement does not create, and
shall not be construed as creating,  any rights  enforceable by any person not a
party to this Agreement (except as provided in Section 8.07).

                                       15

<PAGE>

         8.09 SEVERABILITY AND REFORMATION If any provision of this Agreement is
invalid,  illegal, or unenforceable,  the balance of this Agreement shall remain
in effect,  and if any provision is inapplicable to any person or  circumstance,
it shall nevertheless  remain applicable to all other persons and circumstances,
in either case unless the result thereof would preclude the  consummation in all
material  respects  of  the  Merger  contemplated  by  this  Agreement  and  the
associated  transactions  or result in an unjust  modification of the balance of
rights and  obligations  hereunder.  To the extent  provided in this section,  a
court having  jurisdiction  of a matter  involving  the  interpretation  of this
Agreement  shall be  authorized to reform this  Agreement to the minimum  extent
necessary to accomplish the objectives of this section.

         8.10 HEADINGS The headings of this Agreement are solely for convenience
of reference and shall be given no effect in the construction or  interpretation
of this Agreement.

         8.11 GOVERNING LAW To the extent permitted by law, this Agreement shall
be  governed  by and  construed  in  accordance  with the  laws of the  state of
Wyoming,  without  giving  effect to  conflict of laws.  To the  maximum  extent
permitted  by law and subject to the  provisions  of Section  8.14  hereof,  any
action or proceeding initiated by any party to this Agreement, any indemnitee or
any other person  claiming  rights under this  Agreement  shall be brought in an
appropriate state or federal court in Maricopa County,  Arizona,  and any person
claiming  rights under this agreement  consents to the  jurisdiction  and proper
venue of such forum.

         8.12 SEPARATE  COUNTERPARTS  This  Agreement may be executed in several
identical  counterparts,  each one of which shall be  considered an original and
all of which when taken together shall constitute but one instrument.

         8.13  INCORPORATION  OF RECITALS,  EXHIBITS AND  SCHEDULES  All related
instruments  and  agreements  executed in connection  herewith are  incorporated
herein by this reference and expressly made a part of this Agreement.

         8.14  ARBITRATION  Except  in cases  where the  remedy  of  preliminary
injunction is reasonably  sought by a party  because of the  irreparability  and
immediacy  of the harm  alleged to be caused or  threatened,  in the event there
shall arise any dispute or claim in law or equity  arising out of this Agreement
or any breach  thereof or any  resulting  transaction  between the parties under
this Agreement and if such dispute cannot be resolved through  negotiation,  the
parties  agree that such dispute  shall be submitted  to  arbitration  under the
rules and regulations of the American  Arbitration  Association  then obtaining.
The  arbitration  shall be held in  Maricopa  County,  Arizona,  before a single
arbitrator.

                                       16

<PAGE>

         IN WITNESS WHEREOF, the parties have duly executed this Agreement as of
the date of the day and year first above written.

                                       PHILLIPS 44, INC.

                                       By/s/John R. Rice, III
                                              President

                                       GENUS INTERNATIONAL CORPORATION

                                       By/s/William A. Young, Sr.
                                              President

The  undersigned,  Michael  A.  Littman  agrees  to serve as  Exchange  Agent in
accordance with the terms and conditions of this Agreement.

/s/Michael A. Littman
Michael A. Littman

                                       17

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