Document:

Asset Purchase Agreement

THIS ASSET PURCHASE  AGREEMENT (the "Agreement") is made and entered into by and
among  AmeriNet  Group.com,  Inc., a publicly held Delaware  corporation  with a
class of securities  registered  under Section 12(g) of the Securities  Exchange
Act of 1934,  as amended  ("AmeriNet"  and the  "Exchange  Act,"  respectively);
Lorilei Communications,  Inc., a Florida corporation and wholly owned subsidiary
of  AmeriNet  ("Lorilei");   and,  AmeriNet  Communications,   Inc.,  a  Florida
corporation  and wholly owned  subsidiary  of AmeriNet  ("AmeriCom"),  AmeriNet,
Lorilei and AmeriCom being sometimes hereinafter collectively referred to as the
"Parties" or generically as a "Party").

                                    Preamble:

     WHEREAS,  in light of the  resignation  of  Gerald  R.  Cunningham  and his
spouse,  Leigh  A.  Cunningham  ("Mr.  and Mrs.  Cunningham")  as  officers  and
directors of Lorilei,  in violation of their  obligations under their employment
agreements  with  Lorilei  and the  reorganization  agreement  between  them and
AmeriNet,  AmeriNet  believes  that it would be  imprudent  to  continue to loan
operating and other funds required by Lorilei; and

     WHEREAS,  without  continuing capital infusions Lorilei will not be able to
continue its  operations,  will be unable to make payments  required to maintain
ownership of its current assets and may be subjected to material  litigation due
to its inability to meet contractual obligations; and

     WHEREAS,  AmeriNet  has caused the  organization  of  AmeriCom to engage in
business  activities  similar to those  heretofore  engaged in by Lorilei and is
willing to provide  AmeriCom with limited  operating loans in order to permit it
to  acquire  Lorilei's  assets  and  certain  of  its  existing  operations,  in
consideration for assumption of specified liabilities of Lorilei associated with
such assets and operations; and

     WHEREAS, the boards of directors of AmeriNet, Lorilei and AmeriCom have all
recommended  that Lorilei  sell all of its assets and  specified  operations  to
AmeriCom in order to limit its exposure to  litigation  that would  otherwise be
expected to occur and AmeriNet, as the sole stockholder of Lorilei and AmeriCom,
has approved such transaction:

     NOW,   THEREFORE,   in  consideration   of  the  covenants,   promises  and
representations set forth herein, and for other good and valuable consideration,
the Parties, intending to be legally bound, hereby agree as follows:

                                   Witnesseth:

                                   ARTICLE ONE
                       DEFINITIONS & RULES OF CONSTRUCTION

1.1      Definitions

         As used in this Agreement, the following words, terms and phrases shall
         have the meanings ascribed to them below:

        (A)    "Agreement" shall mean this asset purchase agreement.

        (B)    "Assets"  shall mean all of the right,  title and  interest  that
          Lorilei  possesses  and has the right to transfer in and to all of the
          following  described  properties,  assets and rights used or useful in
          connection  with the  Business  as the same shall exist on the Closing
          Date:

                                      4
<PAGE>

                (1) all of the right,  title and  interest  of Lorilei in and to
                    all real estate, furniture,  fixtures and equipment, whether
                    record, beneficial or inchoate;

                (2) the Inventory;

                (3) all  intangible  assets and accounts  receivable  used in or
                    relating to the Business,  wheresoever  situated and whether
                    or not specifically  referred to herein or in any instrument
                    of  conveyance  delivered  pursuant to this  Agreement,  and
                    whether  or not  any of  such  assets  have  any  value  for
                    accounting  purposes  or  are  carried  or  reflected  on or
                    referred to in any of the books or financial  statements  of
                    Lorilei;

                (4) all of Lorilei's  rights and  interests in, to and under the
                    Dependent  Service   Agreements,   Material   Contracts  and
                    Purchase Orders;

                (5) the Books and Records;

                (6) all of  Lorilei's  telephone  numbers,  web pages and e-mail
                    addresses;

                (7) all prototypes, design models and samples which specifically
                    relate to the products or services of the Business; and

                (8)      all goodwill associated with the Business.

        (C)    "Assumed  Liabilities"  shall mean the  specific  obligations  of
          Lorilei,  as and to the extent  disclosed  in exhibit  1.1(C)  annexed
          hereto and made a part hereof.

        (D)    "Books  and  Records"  shall  mean  all  books,   records,   bank
          statements,  budgets, financial statements,  correspondence,  computer
          programs,  software  developments,   trade  secrets,  customer  lists,
          supplier  lists,  site  plans,  surveys,   plans  and  specifications,
          marketing materials,  floor plans, tax assessment records, billing and
          collection  records,  engineering plans and  specifications,  as-built
          drawings, development plans and all other intangible personal property
          rights of Lorilei.

        (E)    "Business" shall mean all of Lorilei's  business,  investment and
          operations,  other than those specifically  excluded in exhibit 1.1(E)
          annexed hereto and made a part hereof.

        (F)    "Close"  or  "Closing"   shall  mean  the   consummation  of  the
          transactions contemplated by this Agreement.

        (G)    "Closing Date" shall mean the date  established  for such purpose
          in the manner set forth in Section 2(D).

        (H)    "Code" shall mean the Internal Revenue Code of 1986, as amended.

        (I)    "Contracts" shall mean all contracts, agreements, understandings,
          indentures,  notes,  bonds,  loans,  instruments,  leases,  subleases,
          mortgages,  franchises, licenses, commitments or binding arrangements,
          express or implied, oral or written, whether or not enforceable.

        (J)    "Damages"  as used  herein,  shall  include any claims,  actions,
          demands,  losses,  costs,  expenses,  liabilities  (joint or several),
          penalties and damages, including counsel fees and expenses incurred in
          investigating  or in  attempting  to  avoid  the  same or  oppose  the
          imposition  thereof  (all of  which  shall be net of the  proceeds  of
          insurance, if any).

        (K)    "Disputed  Item(s)" shall mean any disputes that are not resolved
          by  reference  to  specific  provisions  of  this  Agreement,  without
          recourse to this Agreement's dispute resolution procedures.

                                       5
<PAGE>

        (L)    "Dependent   Service   Agreements"   shall  mean  the  Contracts,
          alliances or joint ventures entered into by Lorilei with third parties
          for the  generation  of  business  for  Lorilei  or the  provision  of
          services, supplies, equipment, media placement, personnel or access to
          facilities,  equipment  or time,  for the benefit or use of  Lorilei's
          clients or customers.

        (M)    "Employee Benefit Plan" shall mean any:

                (1) Non-qualified  deferred  compensation  or retirement plan or
                    arrangement which is an Employee Pension Benefit Plan;

                (2) Qualified   defined   contribution    retirement   plan   or
                    arrangement which is an Employee Pension Benefit Plan;

                (3) Qualified  defined  benefit  retirement  plan or arrangement
                    which is an Employee  Pension  Benefit  Plan  including  any
                    Multi-employer Plan as defined in ERISA Section 3(37)); or

                (4)      Employee Welfare Benefit Plan.

        (N)    "Employee  Pension Benefit Plan" shall have the meaning set forth
          in ERISA Section 3(2).

        (O     "Employee  Welfare Benefit Plan" shall have the meaning set forth
          in ERISA Section 3(1).

        (P)         (1)"Encumbrance"  shall  mean any  title  defect,  mortgage,
                    assignment, pledge, hypothecation,  security interest, title
                    or   retention   agreement,   levy,   execution,    seizure,
                    attachment,   garnishment,  deemed  trust,  lien,  easement,
                    option,  right or claim of others,  or charge or encumbrance
                    of any kind whatsoever.

                 (2)"Permitted    Encumbrance"   shall   mean   those   specific
                    Encumbrances  detailed in exhibit  1.1(P)(2)  annexed hereto
                    and made a part  hereof,  but only to the extent,  including
                    duration, amounts and nature specified therein.

        (Q)    "Excluded  Liabilities"  shall mean all of Lorilei's  liabilities
          other than the Assumed Liabilities.

        (R)    "ERISA" shall mean the Employee Retirement Income Security Act of
          1974, as amended.

        (S)    "Indemnities"  shall mean  AmeriNet,  AmeriCom and their members,
          officers, directors, managers, employees and agents.

        (T)    "Inventory"shall  mean such of Lorilei's products,  including raw
          materials,  work in progress,  finalized  products,  subassemblies and
          spare parts used to produce, generate, develop or manufacture products
          of the Business,  services  provided  through the Business or assemble
          network systems.

        (U)    "Knowledge"   shall  mean  actual   knowledge  after   reasonable
          investigation.

        (V)    "Material" shall mean when used with reference to Damages, losses
          and expenses,  those Damages,  losses and expenses which would, either
          alone or together with all other matters  qualified by such term, have
          led a prudent person to re-evaluate  the  desirability  of engaging in
          the course of conduct, investment or decision involved.

        (W)    "Material  Contracts" shall mean those Contracts  entered into by
          Lorilei and listed on exhibit  1.1(W)  annexed  hereto and made a part
          hereof.

        (X)    "Permits  and  Licenses"  shall  mean  all  government   permits,
          licenses,  authorizations,  certificates  of occupancy  and  approvals
          which  are  possessed  by  Lorilei  and used in the  operation  of the
          Business.

                                       6
<PAGE>

        (Y)    "Purchase  Orders" shall mean all firm orders from  customers for
          the  purchase of goods or services  from  Lorilei  which relate to the
          Business, some of which are listed on 1.1(Y) annexed hereto and made a
          part hereof.

        (Z)    "Real  Property"  shall mean all real property  owned by Lorilei,
          including,   without  limitation,  the  improved  real  property  more
          particularly  described in exhibit  1.1(Z)  annexed  hereto and made a
          part hereof.

        (AA)   "Purchase  Price"  shall  have the  meaning  set forth in Section
          2.1(C).

        (AB)   "Purchase Price  Adjustment"  shall have the meaning set forth in
          Section 3.4 below.

        (AC)   "Tax" shall mean any  federal,  state,  local or foreign  income,
          gross receipt, license, payroll, employment, excise, severance, stamp,
          occupation,  premium,  windfall profits,  environmental (including any
          tax under Code Section 59A), custom duties, capital stock,  franchise,
          profits,  withholding,  social  security (or  similar),  unemployment,
          disability,  real property,  personal property,  sales, use, transfer,
          registration,  value added, alternative or add-on minimum,  estimated,
          or other tax of any kind whatsoever,  including any interest, penalty,
          or addition thereto, whether disputed or not.

        (AD)   "Tax Return" shall mean any return,  declaration,  report,  claim
          for  refund,  information  return  or  statement  relating  to  taxes,
          including  any  schedule or  attachment  thereto,  and  including  any
          amendment thereof.

1.2      Rules of Construction

        (A)    When a  reference  is made  in this  Agreement  to  schedules  or
          exhibits,  such  reference  will be to a  schedule  or exhibit to this
          Agreement unless otherwise indicated.

        (B)    The words "include,"  "includes" and "including" when used herein
          will be  deemed  in each case to be  followed  by the  words  "without
          limitation."

        (C)    The table of contents  and headings  contained in this  Agreement
          are for  reference  purposes  only and will not  affect in any way the
          meaning or interpretation of this Agreement.

        (D)    The captions in this Agreement are for  convenience and reference
          only and in no way define, describe, extend or limit the scope of this
          Agreement or the intent of any provisions hereof.

        (E)    All pronouns and any  variations  thereof will be deemed to refer
          to  the  masculine,  feminine,  neuter,  singular  or  plural,  as the
          identity of the Party or Parties,  or their personal  representatives,
          successors and assigns may require.

        (F)    The  Parties  agree  that they have been  represented  by counsel
          during the negotiation and execution of this Agreement and, therefore,
          waive  the  application  of any law,  regulation,  holding  or rule of
          construction  providing  that  ambiguities  in an  agreement  or other
          document will be construed against the Parties drafting such agreement
          or document.

                                        7
 <PAGE>

                                  Article Two
                              Operative Provisions

2.1      Purchase & Sale

        (A)    Purchase and Sale of Assets:

                    Subject to the terms and conditions of this  Agreement,  and
               in reliance on the  representations,  warranties  and  agreements
               contained  herein,  on the  Closing  Date,  Lorilei  shall  sell,
               convey,  assign,  transfer  and  deliver  or  cause  to be  sold,
               conveyed,  assigned,  transferred and delivered to AmeriCom,  and
               AmeriCom  shall  purchase  and acquire from  Lorilei,  the Assets
               existing as of the Closing Date free and clear of any Encumbrance
               other  than the  Permitted  Encumbrances,  in  consideration  for
               AmeriCom's assumption of the Assumed Liabilities.

        (B)         Assumption of Assumed Liabilities:

                (1) On  and  subject  to  the  terms  and   conditions  of  this
                    Agreement,  AmeriCom agrees to assume and become responsible
                    for all of the Assumed Liabilities at the Closing.

                (2) AmeriCom  will not  assume or have any  responsibility  with
                    respect  to any  Excluded  Liabilities,  and  Lorilei  shall
                    retain  all   liability   with   respect  to  the   Excluded
                    Liabilities,  some of which  are  included  in the  schedule
                    annexed hereto and made a part hereof as exhibit 2.1(B)(2).

        (C)         Purchase Price:

                    The sole  Purchase  Price to be paid by AmeriCom  under this
               Agreement  to  Lorilei  is  AmeriCom's  agreement  to assume  the
               Assumed Liabilities (the "Purchase Price").

        (D)         Closing:

                    The  Closing  on this  Agreement  shall  take  place  at the
               offices of AmeriNet on the first business day following execution
               of this Agreement selected for such purposes by AmeriNet, at such
               time as shall be established therefor by AmeriNet.

        (E)         Allocation:

                    The Parties  agree to allocate  the  Purchase  Price and the
               Assumed  Liabilities among the Assets for all purposes (including
               financial  accounting  and tax purposes) in  accordance  with the
               allocation set forth on Schedule 2.1(E) annexed hereto and made a
               part  hereof,  and shall make all  necessary  filings  (including
               those required  under Code Section 1060) in accordance  with that
               allocation.

        (F)         Non-Assignable Assets.:

                (1) Notwithstanding  anything contained in this Agreement to the
                    contrary,  this Agreement  shall not constitute an agreement
                    or an attempted  agreement  to transfer,  sublease or assign
                    any  contract,  license,  lease,  commitment,  sales or Work
                    Order or any other agreement or any claim,  right or benefit
                    arising  thereunder  or  resulting  therefrom  if  any  such
                    attempted  transfer,  sublease  or  assignment  without  the
                    consent of any other party thereto would constitute a breach
                    thereof or would in any way  adversely  affect the rights of
                    AmeriCom thereunder.

                (2) Lorilei shall,  between the date hereof and the Closing Date
                    (and, if requested by AmeriCom, after the Closing Date), use
                    its  commercially  reasonable  best  efforts  to obtain  the
                    consent  of any  party or  parties  to any  such  contracts,
                    licenses, leases, commitments, sales orders, purchase orders
                    or other agreements to the transfer,  sublease or assignment
                    thereof by  Lorilei  to  AmeriCom  or  AmeriCom's  designees
                    hereunder in all cases in which such consent is required.

                                       8
<PAGE>

                (3) If any such  consent  is not  obtained,  or if an  attempted
                    assignment  would be  ineffective or would affect the rights
                    of Lorilei  thereunder  such that AmeriCom would not in fact
                    receive  all  such  rights,   Lorilei   shall  perform  such
                    agreement for the account of AmeriCom or otherwise cooperate
                    with AmeriCom in any  arrangement  necessary or desirable to
                    provide for  AmeriCom or its  designees  the benefits of any
                    such agreement, including without limitation, holding assets
                    as trustee  for  AmeriCom,  enforcement  for the  benefit of
                    AmeriCom of any and all rights of Lorilei  against the other
                    party  thereto  arising  out of the breach,  termination  or
                    cancellation  of such  agreement  by  such  other  party  or
                    otherwise.

                (4) Notwithstanding  any of the  provisions of this Section 2(F)
                    nothing herein shall be deemed to:

                    (a)  Waive or excuse any  obligation on the part of Lorilei,
                    or any condition for the benefit of AmeriCom,  to obtain any
                    necessary consents of any person or entity to the assignment
                    to AmeriCom of any of the Assets or any  contract,  license,
                    lease,  commitment,  order or other agreement required to be
                    assigned hereunder; or

                    (b)  Relieve  Lorilei ofits  obligation  to transfer  record
                    ownership  of any of the Assets that it holds as trustee for
                    AmeriCom  as  a  result  of  the  unavailability  to  obtain
                    required consents,  immediately following the termination of
                    such impediment.

2.2      Special Indemnity Provisions

        (A)         Indemnity Obligations of Lorilei:

     Lorilei hereby agrees to indemnify and hold the Indemnities harmless at all
times from and after the  Closing  Date  against  and in respect of any  Damages
resulting to any of the Indemnities from:

                (1) any  misrepresentation or breach of warranty made by Lorilei
                    in or under this  Agreement  or any  agreement  executed  in
                    connection therewith;

                (2) breach or  default in the  performance  by Lorilei of any of
                    the   covenants  to  be  performed  by  Lorilei  under  this
                    Agreement or any agreement executed in connection therewith;

                (3) any debts,  liabilities or  obligations of Lorilei,  whether
                    accrued,  absolute,  contingent, or otherwise, due to become
                    due, except for the Assumed Liabilities;

                (4) any claim affecting the Assets or any liability,  other than
                    the  Assumed  Liabilities,  or  expense  which is  allowable
                    against  or  incurred  by  AmeriCom   because  of  Lorilei's
                    non-compliance  with any and all applicable Bulk Sales Laws;
                    and

                (5) the continued operations of Lorilei after the Closing Date.

        (B)         Indemnity Obligations of AmeriCom:

                (1) AmeriCom  agrees to  defend,  indemnify,  and hold  harmless
                    Lorilei and its officers,  directors,  employees and agents,
                    and their  representatives,  heirs,  successors  and assigns
                    (collectively,  the "Lorilei Indemnities") from, against and
                    in  respect  of any and all  loss,  liability  and  expense,
                    including,  without limitation,  reasonable  attorneys' fees
                    and expenses and settlement costs (all of which shall be net
                    of the proceeds of insurance,  if any) ("Lorilei's Damages")
                    resulting from:

                                        9

<PAGE>

                  (a)    any   misrepresentation   or  breach  of   warranty  or
                    nonfulfillment  of any  obligation  by  AmeriCom  under this
                    Agreement or from an  misrepresentation  in or omission from
                    any other instrument furnished or to be furnished to Lorilei
                    pursuant to this Agreement;

                  (b)   AmeriCom's failure to discharge the Assumed Liabilities.

        (C)         Indemnification Procedure:

                (1) The Parties  agree that  promptly  upon receipt of notice of
                    any demand, assertion, claim, action or proceeding, judicial
                    or  otherwise  with respect to any matter as to which one or
                    more  Parties  have  agreed to  indemnify  one or more other
                    Parties under the provisions of this Agreement,  the Parties
                    receiving  the notice  will give  prompt  notice  thereof in
                    writing to the other Parties, together with the statement of
                    such information respecting such demand,  assertion,  claim,
                    action or proceeding as the receiving Party shall then have;
                    provided,  however,  that the Parties obligated to indemnify
                    shall not be relieved of liability  hereunder for failure by
                    the receiving Parties to give prompt written notice,  unless
                    the Parties  responsible for  indemnification are prejudiced
                    by such failure,  in which case they shall not be liable for
                    any  indemnity   under  this  Agreement  to  the  extent  so
                    prejudiced.

                (2) If the Parties responsible for  indemnification  acknowledge
                    full  liability  under this  Agreement,  they shall have the
                    right to  contest  and  defend by all  appropriate  legal or
                    other proceedings any demand,  assertion,  claim,  action or
                    proceeding  with respect to which they have been called upon
                    to indemnify the Parties entitled to  indemnification  under
                    the provisions of this Agreement; provided, that:

                    (a)  notice of  intention  to contest  shall be delivered to
                    the Parties entitled to  indemnification  within twenty (20)
                    calendar  days from the receipt by the  Parties  responsible
                    for  indemnification  of  notice  of the  assertion  of such
                    demand, assertion, claim, action or proceeding;

                    (b)  the Parties  responsible for  indemnification  will pay
                    all  costs  and  expenses  of such  contest,  including  all
                    attorneys' and  accountants'  fees, and the cost of any bond
                    required  by  law  to be  posted  in  connection  with  such
                    contest;

                    (c)  such contest shall be conducted by reputable  attorneys
                    employed  by the  Parties  responsible  for  indemnification
                    (with  the   reasonable   approval  of  the  Parties   being
                    indemnified)     at    the    Parties     responsible    for
                    indemnification's  sole cost and  expense,  but the  Parties
                    entitled  to   indemnification   shall  have  the  right  to
                    participate  in such  proceedings  and to be  represented by
                    attorneys  of  their  own  choice,  at  their  own  cost and
                    expense;

                    (d)  if after such opportunity,  the Parties responsible for
                    indemnification  do not elect to assume  the  defense in any
                    such  proceedings,  they  shall  be  bound  by  the  results
                    obtained  by  the  Parties   entitled  to   indemnification,
                    including without limitation any out-of-court  settlement or
                    compromise.

                (3) The Parties responsible for indemnification  will not settle
                    any claim without the prior  written  consent of the Parties
                    entitled to indemnification,  unless the settlement contains
                    a complete and unconditional release of the Parties entitled
                    to indemnification,  and the settlement does not involve the
                    imposition  of  any  non-monetary   relief  on  the  Parties
                    entitled to indemnification.

                                       10
<PAGE>

                                  ARTICLE THREE
                         REPRESENTATIONS AND WARRANTIES

3.1      Lorilei

          Lorilei  hereby  represents  and  warrants  to  AmeriCom as a material
     inducement to its entry into this Agreement,  based on information provided
     by Mr. & Mrs. Cunningham to Lorilei's current management, that:

        (A)    Organization:

               Lorilei is a corporation duly organized,  validly existing and in
          good standing under the laws of the State of Florida,  is qualified to
          do business as a foreign  corporation in the states listed and has the
          subsidiaries specifically listed in exhibit 3.1(A).

        (B)    Authority:

                (1) Generally:

                    (a)  Lorilei  has  the  full  right,   power  and  authority
                    (including  full  corporate  power and authority) to execute
                    and  deliver  this   Agreement  and  to  perform   Lorilei's
                    obligations  hereunder,  and to carry  out the  transactions
                    contemplated in this Agreement,  except as may be limited by
                    bankruptcy, insolvency, reorganization,  moratorium or other
                    similar laws affecting creditors' rights generally.  Without
                    limiting the generality of the foregoing, Lorilei's Board of
                    Directors   and  Lorilei's   shareholders   have  taken  all
                    corporate  action  necessary  to  authorize,  and have  duly
                    authorized the execution,  delivery, and performance of this
                    Agreement by Lorilei.

                  (b)    The Agreement constitutes the valid and legally binding
                    obligation of Lorilei,  enforceable  in accordance  with its
                    terms and conditions.

                (2) Non-contravention:

                    Except as otherwise disclosed on Schedule 3.1(B)(2), annexed
                    hereto and made a part hereof, neither the execution and the
                    delivery  of this  Agreement,  nor the  consummation  of the
                    transactions  contemplated hereby (including the assignments
                    and assumptions referred to above), will:

                  (a)    violate any constitution,  statute,  regulation,  rule,
                    injunction,  judgment,  order,  decree,  ruling,  charge, or
                    other restriction of any government, governmental agency, or
                    court  to which  Lorilei  is  subject  or any  provision  of
                    Lorilei's Articles of Incorporation or By-laws, or

                  (b)    conflict  with,  result  in a breach  or  constitute  a
                    default under,  result in the acceleration of, result in the
                    creation of any Encumbrance  upon the Assets,  create in any
                    party the right to accelerate, terminate, modify, or cancel,
                    or require any  notice,  authorization,  consent,  approval,
                    exemption or other  action under any of the  Contracts or to
                    which  any of the  Assets  are  subject,  except  where  the
                    violation,    conflict,   breach,   default,   acceleration,
                    termination, modification,  cancellation, or failure to give
                    notice,  would  not have a  Material  adverse  effect on the
                    financial  condition of AmeriCom  taken as a whole or on the
                    ability  of  the  Parties  to  consummate  the  transactions
                    contemplated  by  this  Agreement.   Without   limiting  the
                    generality of the  foregoing,  the transfer of the Assets to
                    AmeriCom is not subject to any Bulk Sales Laws.

                                       11

<PAGE>

                (3) Compliance with Laws:

                    The  Business  has been  conducted  in  compliance  with all
                    applicable laws and regulations of foreign,  federal,  state
                    and local governmental authorities. Lorilei holds, and is in
                    compliance  in all material  respects  with,  all  licenses,
                    permits,  and  authorizations  necessary  for the conduct of
                    Lorilei's  business pursuant to applicable  statutes,  laws,
                    ordinances,  rules,  regulations,  codes,  or any law of any
                    governmental  body,  agency,  commission,  or unit to  which
                    Lorilei  and/or the  Business or Assets may be subject,  the
                    failure of which would have a Material adverse effect on the
                    Business and such licenses, permits and authorizations which
                    are transferable to AmeriCom,  and are so transferred,  will
                    be in full force and effect  following the Closing.  Lorilei
                    has not received any notice of any alleged  violation of any
                    such statute,  order,  rule,  regulation or  requirement  in
                    connection with the operation of the Business or the Assets.

        (C)    Litigation:

                (1) There are no actions,  suits or proceedings  pending, or, to
                    Lorilei's  Knowledge,  threatened or anticipated  before any
                    court  or  governmental  or  administrative  body or  agency
                    affecting the Business or the Assets, except as set forth on
                    3.1(C)(1), annexed hereto and made a part hereof.

                (2) Lorilei is not presently subject to any injunction, order or
                    other  decree of any court of competent  jurisdiction  which
                    affects the Business or the Assets.

        (D)    Governmental Approvals:

               Except for:

                (1) necessary corporate action, and

                (2) consents required with respect to the assignment to AmeriCom
                    of the Material  Contracts and Dependent Service  Agreements
                    and  certain  Assumed  Liabilities   disclosed  on  Schedule
                    3.1(D), no order, permission,  consent,  approval,  license,
                    authorization,  registration  or  validation  of,  or filing
                    with, or exemption by any governmental  agency,  commission,
                    board or public  authority,  or any other person is required
                    to  authorize,  or  is  required  in  connection  with,  the
                    execution,  delivery  or  performance  by  Lorilei  of  this
                    Agreement,  or  any  other  agreement  or  instrument  to be
                    executed or delivered by Lorilei herewith.

        (E)    Books and Records:

               Lorilei's  Books and Records  (including  customer  order  files,
          employment  records and production and manufacturing  records) for the
          Business are complete, true and correct in all material respects.

        (F)    Accuracy of Representations and Warranties:

                (1) All of Lorilei's  warranties and  representations  as herein
                    above  stated shall be true on the Closing Date and the same
                    shall  survive  the  Closing  and  be  deemed  incorporated,
                    whether explicitly stated therein or not, into all documents
                    or other instruments delivered by Lorilei to AmeriCom at the
                    Closing.

                (2) No representation,  warranty,  or statement of Lorilei omits
                    or will omit to state any  Material  fact  necessary to make
                    such   representation,   warranty,   or  statement  in  this
                    Agreement  accurate  and  not  misleading  in  any  material
                    respect.

                                       12

<PAGE>

                (3) The  copies  of  all  instruments,   agreements,   or  other
                    documents and written  information  relating to the Business
                    or the Assets  delivered to AmeriCom by Lorilei or Lorilei's
                    representatives  pursuant  to or  in  connection  with  this
                    Agreement  are or  shall  be  complete  and  correct  in all
                    material respects as of the date of this Agreement and as of
                    the Closing  Date,  subject to changes  made in the ordinary
                    course of business.

        (G)    Tax Reports, Returns and Payments:

               Except as set forth on  Schedule  3.1(G),  there are no  security
          interests  on any of the  Assets  that  arose in  connection  with any
          failure (or alleged  failure) to pay any Tax, and Lorilei has withheld
          and  paid  all  Taxes  required  to have  been  withheld  and  paid in
          connection with amounts paid or owing to any employee  employed by the
          Business, independent contractor,  creditor, or other third party with
          respect to the Business.

        (H)    Material Contracts and Other Commitments:

                (1) Dependent  Service   Agreements,   Material   Contracts  and
                    Purchase Orders

                    (a)  Composite  exhibit  3.1(H)(1)(a)  sets forth a complete
                    and correct list of all of the Dependent Service Agreements,
                    Material  Contracts  and  Purchase  Orders (true and correct
                    copies of each have been delivered to AmeriCom).

                    (b)  Except as set forth in  exhibit  3.1(H)(1)(b),  Lorilei
                    has not  received  notice  from any person who is a party to
                    any Dependent Service  Agreement,  Material Contract or Work
                    Order, and Lorilei has no reason to believe, that Lorilei is
                    in default of any of the terms,  conditions or provisions of
                    any Dependent Service  Agreement,  Material Contract or Work
                    Order and  Lorilei  has not  received  notice from any party
                    thereto with respect to the same.

                    (c)  Each  such  Dependent   Service   Agreement,   Material
                    Contract or Work Order is valid,  binding and enforceable in
                    accordance  with its terms,  and no  condition  exists  that
                    (with the passage of time, the giving notice, or both) would
                    lead to a default  with  respect  to,  or  permit  any party
                    thereto  to   terminate,   accelerate   or  amend  any  such
                    agreement,   and  Lorilei  has  performed  in  all  Material
                    respects all of its obligations under each Dependent Service
                    Agreement,  Material  Contract  or Work Order in  accordance
                    with its terms.

                    (d)  Except  as  disclosed  on  Schedule  3.1(H)(1)(d),  the
                    Material  Contracts,  Purchase Orders and Dependent  Service
                    Agreements  are all of Lorilei's  Contracts  relating to the
                    Business  which  to the  best of  Lorilei's  knowledge,  are
                    necessary  for the  operation  of the  Business as presently
                    conducted by Lorilei.

                (2) Assignability of Material Contracts:

                    Except as set forth in exhibit  3.1(H)(2) annexed hereto and
                    made a part  hereof,  the  consent or  approval of the other
                    contracting  party  to  any  Dependent  Service   Agreement,
                    Material  Contract  or Work  Order is not  required  for the
                    transfer of the Assets to AmeriCom and the  consummation  of
                    the transactions contemplated herein.

                (3) Product Warranties:

                    Except as set forth in Schedule 3.1(H)(3):

                                       13

<PAGE>

                    (a)  There has not  occurred any event that may give rise to
                    liability  on the part of  Lorilei  in  respect of any claim
                    that  any of the  products  produced  or sold on the part of
                    Lorilei in connection with the Business:

                 1. is  not  or  was  not at the  time  of  such  occurrence  in
                    compliance  in all  material  respects  with all  applicable
                    federal, state, local and foreign laws and regulations or

                 2. is not or was not at the  time of  such  occurrence  fit for
                    use,  and  does  not  or did  not  conform  in all  material
                    respects to any promises or affirmations of fact made on the
                    container or labels for such product or in  connection  with
                    its sale.

                    (b)  There has not  occurred any event that may give rise to
                    liability  on the part of  AmeriCom  based on any claim that
                    there is or was at the time of such  occurrence  any  design
                    defect with  respect to any of such  products or that any of
                    such products fails or failed to contain  adequate  warning,
                    presented in a reasonably  prominent  manner,  in accordance
                    with  applicable  laws and current  industry  practice  with
                    respect to its  contents  and use, or that any such  product
                    fails to meet contract specifications.

        (I)    Title to Assets:

                (1) Assets.

                    Lorilei has good and marketable  title to all of the Assets,
                    free and clear of all  Encumbrances,  except for the Assumed
                    Liabilities and the Permitted Encumbrances.

                (2) Governmental Code Violations.

                    Lorilei has not received any notices from any city,  village
                    or other governmental authority and Lorilei has no Knowledge
                    of the basis of, any zoning,  building,  fire or health code
                    violations  in  respect to the Real  Property  that have not
                    been heretofore corrected.

        (J)    Employment Matters:

                (1) Payroll.

                    Schedule  3.1(J)(1) attached hereto correctly sets forth the
                    total gross payroll for the persons  listed  thereon for the
                    period ended immediately  before Closing,  together with the
                    amount of bonuses,  pension and profit sharing contributions
                    and other  compensation of any nature to be paid to any such
                    persons   pursuant   to   agreement,   custom   or   present
                    understanding.

                (2) Employee Benefits.

                    (a)  Schedule   3.1(J)(2)(a)   attached  hereto  lists  each
                    Employee  Benefit  Plan that  Lorilei  maintains or to which
                    Lorilei contributes for persons employed in the Business.

                     (b) Lorilei does not maintain, contribute to or participate
                    in, and has never maintained, contributed to or participated
                    in any  Multi-employer  Plan as  defined  in  ERISA  Section
                    3.1(37).

                (3) Employees Not Covered By Collective Bargaining Agreements.

                                       14
<PAGE>

                     (a) None of the  employees  who work in Lorilei's  Business
                    are subject to any collective bargaining or union agreement.

                     (b) There is no existing representation question respecting
                    any  employees of Lorilei who work in the  Business,  nor to
                    Lorilei's  Knowledge  are there any  organizational  efforts
                    with  respect to any  employees  of Lorilei  who work in the
                    Business.

        (K)    Environmental:

                (1) There has not been, as of the date hereof, any "release" (as
                    defined in 42 U.S.C.ss.9601(22)) or threat of a "release" of
                    any    hazardous    substances"    (as    defined    in   42
                    U.S.C.ss.9602(14) or on or about any of the Real Property.

                (2) Lorilei  has  not  by  contract,   agreement,  or  otherwise
                    arranged for the disposal or  treatment,  or arranged with a
                    transporter  for  transport  for disposal or  treatment,  of
                    hazardous  substances  at any  "facility"  (as defined in 42
                    U.S.C.  ss.  9601(9)) owned or operated by another person or
                    entity.

                (3) The Real Property  being  conveyed by Lorilei and the use of
                    such real property are in compliance  with and Lorilei is in
                    compliance with all applicable laws,  statutes,  ordinances,
                    rules   and    regulations    of   any    governmental    or
                    quasi-governmental   authority  (federal,  state  or  local)
                    relating to environmental  protection,  underground  storage
                    tanks,  toxic  waste,  hazardous  waste,  oil  or  hazardous
                    substance   handling,   treatment,   storage,   disposal  or
                    transportation,   or  arranging  therefor,   respecting  any
                    products or materials  previously or now located,  delivered
                    to or in  transit  to or from the Real  Property,  including
                    without  limitation the Resource  Conservation  and Recovery
                    Act, the Comprehensive Environmental Response,  Compensation
                    and  Liability  Act, and the  Superfund  Amendments  and Re-
                    authorization Act of 1986.

                (4) All  of  Lorilei's  past  disposal   practices  relating  to
                    hazardous   substances   and  hazardous   wastes  have  been
                    accomplished in accordance with all applicable laws,  rules,
                    regulations and ordinances.

                (5) Lorilei has not been  notified of nor is there any basis for
                    any  potential  liability  of  Lorilei  with  respect to the
                    clean-up of any waste disposal site or facility, and has not
                    obtained  any  information  to the  effect  that any site at
                    which it has  disposed of  hazardous  substances  or oil has
                    been  or is  under  investigation  by any  local,  state  or
                    federal governmental body, authority or agency.

        (L)    Advertising:

               Neither any advertising by Lorilei nor any  promotional  material
          used by  Lorilei  at any time has  contained  any  material  untrue or
          misleading  statements  or claims  with  respect  to the  products  or
          services of the Business.

        (M)    Broker's Fees:

               Lorilei  has no  liability  or  obligation  to pay  any  fees  or
          commissions  to any  broker,  finder  or  agent  with  respect  to the
          transactions  contemplated  by this Agreement for which AmeriCom could
          become liable or obligated.

        (N)    Real Property:

                (1) Except for the Permitted Encumbrances,  Lorilei has good and
                    marketable  title and owns  outright,  free and clear of all
                    Encumbrances, each improvement, fixture or item of equipment
                    located  in or on the Real  Property;  to the  Knowledge  of
                    Lorilei, the presence of each improvement, fixture, or piece
                    of equipment on the Real  Property does not violate any law,
                    including without limitation any zoning,  building,  safety,
                    health or other law, and the Real  Property is zoned for the
                    purposes for which such premises are currently being used

                                       15

<PAGE>

                (2) The Real  Property  has not been  condemned or otherwise
                    taken by public  authority  and to  Lorilei's  Knowledge  no
                    condemnation or taking is threatened or contemplated.

        (O)   Patents, Trademarks, Trade Names, Trade Secrets, Etc.:

                (1) Except   for  the   patents,   trademarks   (registered   or
                    unregistered),  service marks  (registered or unregistered),
                    trade names,  assumed  names and  copyrights  identified  on
                    Schedule  3.1(O),  Lorilei does not own or use in connection
                    with the Business:

                    (a)  any patents,  trademarks  (registered or unregistered),
                    trade names,  assumed  names and  copyrights,  nor has it on
                    file any applications therefor,

                    (b)  any licenses, permissions and other agreements relating
                    to intellectual property used in the Business; or

                    (c)  any  agreements  relating  to  technology,  know-how or
                    processes  used  in or  necessary  for  the  conduct  of the
                    Business.

                (2) Lorilei  has the sole and  exclusive  right,  free  from any
                    liens,   mortgages,    security   interests,    charges   or
                    encumbrances,   to  use  the  trade  names,  assumed  names,
                    technology, copyrights (other than copyrights licensed under
                    the Dependent Service Agreements and any other non-exclusive
                    software  licenses held by Lorilei),  know-how and processes
                    and  all  trade  secrets  required  for or  incident  to the
                    conduct of the Business where currently  conducted,  and the
                    consummation  of  the  transactions   contemplated  by  this
                    Agreement will not alter or impair any such rights.

                (3) No claims have been  asserted by any person with  respect to
                    the ownership, validity,  enforceability or use of any or of
                    any  confusingly  similar or delusive  trade names,  assumed
                    names,   copyrights,   applications  therefor,   technology,
                    know-how,  processes  or  trade  secret  or  challenging  or
                    questioning  the  validity  or  effectiveness  of  any  such
                    license,  permission  or agreement  and, to the Knowledge of
                    Lorilei, there is no valid basis for any such claim, and the
                    use or  other  exploitation  of such  trade  names,  assumed
                    names,   copyrights,   applications  therefor,   technology,
                    know-how,  processes  and trade  secrets by Lorilei,  to the
                    Knowledge  of  Lorilei,  does not  infringe on or dilute the
                    rights of any person;  and, to the Knowledge of Lorilei,  no
                    other  person  is  infringing  the  rights of  Lorilei  with
                    respect  to such trade  names,  assumed  names,  copyrights,
                    applications therefor,  technology,  know-how,  processes or
                    trade secrets.

3.2      AmeriCom

         AmeriCom  hereby  represents  and  warrants  to  Lorilei  as a material
         inducement to Lorilei's entry into this Agreement, that:

        (A)    Organization:

               AmeriCom is a Florida  corporation,  validly existing and in good
          standing under the laws of the State of Florida.

                                       16

<PAGE>

        (B)    Authority:

                (1) Authority Generally.

                    (a)  AmeriCom  has the full right,  power and  authority  to
                    execute and deliver this Agreement and to perform AmeriCom's
                    obligations hereunder.

                    (b)  Without  limiting  the  generality  of  the  foregoing,
                    AmeriCom's  board  of  directors  has  duly  authorized  the
                    execution,  delivery,  and  performance of this Agreement by
                    AmeriCom.

                    (c)  The Agreement constitutes the valid and legally binding
                    obligation of AmeriCom,  enforceable in accordance  with its
                    terms  and   conditions,   except  as  may  be   limited  by
                    bankruptcy, insolvency, reorganization,  moratorium or other
                    similar laws affecting creditors' rights generally.

                (2) Non-contravention.

                    Neither the  execution  and the delivery of this  Agreement,
                    nor the consummation of the transactions contemplated hereby
                    (including the assignments  and  assumptions  referred to in
                    Section 3 above), will:

                    (a)  violate any constitution,  statute,  regulation,  rule,
                    injunction,  judgment,  order,  decree,  ruling,  charge, or
                    other restriction of any government, governmental agency, or
                    court to which  AmeriCom  is  subject  or any  provision  of
                    AmeriCom's Articles of Incorporation or Bylaws, or

                    (b)  conflict  with,  result  in a breach  or  constitute  a
                    default under,  result in the acceleration of, create in any
                    party the right to accelerate, terminate, modify, or cancel,
                    or require any notice under any agreement,  contract, lease,
                    license,  instrument, or other arrangement to which AmeriCom
                    is a party or by  which  it is bound or to which  any of its
                    assets is subject,  except  where the  violation,  conflict,
                    breach, default,  acceleration,  termination,  modification,
                    cancellation,  or failure to give  notice,  would not have a
                    Material  adverse  effect  on  the  financial  condition  of
                    AmeriCom  taken as a whole or on the  ability of the Parties
                    to  consummate  the   transactions   contemplated   by  this
                    Agreement.

        (C)    Litigation & Adverse Conditions:

               There  are  no  actions,  suits  or  proceedings  pending,  or to
          AmeriCom's  Knowledge,  threatened or anticipated  before any court or
          governmental  or  administrative  body or agency  affecting  AmeriCom,
          AmeriCom's   property,   or  AmeriCom's   ability  to  consummate  the
          transaction contemplated by this Agreement.

        (D)    Broker's Fees:

               AmeriCom  has no  liability  or  obligation  to pay  any  fees or
          commissions  to any  broker,  finder  or  agent  with  respect  to the
          transactions  contemplated  by this  Agreement for which Lorilei could
          become liable or obligated.

        (E)   Accuracy of Representations or Warranties:

                (1) All of AmeriCom's  warranties and  representations as herein
                    above  stated shall be true on the Closing Date and the same
                    shall  survive  the  Closing  and  be  deemed  incorporated,
                    whether explicitly stated therein or not, into all documents
                    or other instruments delivered by AmeriCom to Lorilei at the
                    Closing.

                                       17
<PAGE>

                (2) No representation,  warranty, or statement of AmeriCom omits
                    or will omit to state any  material  fact  necessary to make
                    such   representation,   warranty,   or  statement  in  this
                    Agreement  accurate  and  not  misleading  in  any  material
                    respect.

                                  ARTICLE FOUR
                                    COVENANTS

         The  Parties  agree as follows  with  respect  to the period  after the
Closing:

        (A)   Mail and Remittances:

                (1) After  the  Closing,  all  mail  addressed  to  Lorilei  and
                    AmeriCom  relating to their  respective  businesses shall be
                    delivered  promptly  by  each  Party  to  the  other  Party;
                    provided,  however,  that  AmeriCom is hereby  authorized to
                    open all mail  addressed  to Lorilei and Lorilei  personnel,
                    determine  whether or not it pertains to the subject  matter
                    of this  Agreement,  and if so, retain such mail and respond
                    as the successor in interest to Lorilei's Business.

                (2) Payments  received by AmeriCom  on  accounts  receivable  of
                    Lorilei  shall be  retained  by  AmeriCom,  which is  hereby
                    authorized  on behalf of Lorilei to endorse  any  negotiable
                    instruments  and  deposit  them,   together  with  any  cash
                    received, in AmeriCom's financial accounts.

        (B)   Closing Date Employment Costs:

                (1) AmeriCom shall be  responsible  for all expenses and amounts
                    payable  with  respect to  employees  employed  or leased by
                    AmeriCom  with respect to the Business  accrued or earned on
                    and after the Closing Date.

                (2) Notwithstanding  anything in this Agreement to the contrary,
                    AmeriCom shall have no liability for any  employment  costs,
                    bonuses  expenses,  benefits,  reimbursements or liabilities
                    whatsoever   pertaining   attributable   to  Mr.   or   Mrs.
                    Cunningham,  nor shall Mr. or Mrs. Cunningham be entitled to
                    credit for any of the performance of the Business  following
                    the Closing.

        (C)    Joint Press Release:

               AmeriNet,  Lorilei  and  AmeriCom  shall  agree upon the form and
          substance of :

                (1) a joint press release or other public  announcement  of this
                    Agreement and the transactions contemplated hereby;

                (2) other matters including, but not limited to, form letters to
                    customers,   related  to  this   Agreement  or  any  of  the
                    transactions  contemplated hereby which shall be released on
                    or after the  Closing;  provided,  however,  that nothing in
                    this  Agreement  shall be deemed to prohibit  any Party from
                    making any disclosure  which its counsel deems  necessary or
                    advisable  in  order  to  fulfill  such  Party's  disclosure
                    obligations imposed by law or contract.

                                       18

<PAGE>

                                  ARTICLE FIVE
                                  MISCELLANEOUS
        (A)   Expenses:

               Except  as  otherwise  provided  in this  Agreement,  each of the
          Parties agrees to pay, without right of reimbursement  from any other,
          the costs  incurred  by such Party  incident  to the  preparation  and
          execution  of this  Agreement  and  performance  of  their  respective
          obligations hereunder, whether or not the transactions contemplated by
          this Agreement shall be consummated,  including,  without  limitation,
          the  fees  and   disbursements  of  legal  counsel,   accountants  and
          consultants  employed by the respective Parties in connection with the
          transactions contemplated by this Agreement;  provided,  however, that
          AmeriCom pay sales and other transfer taxes, if any.

        (B)   Assignability:

                (1) No Party may assign or transfer  its rights and  obligations
                    under this Agreement  without the prior written  approval of
                    the other  Parties;  provided,  however,  that  AmeriCom may
                    assign   AmeriCom's   rights  under  this  Agreement  to  an
                    affiliate  of AmeriCom  or as security to any of  AmeriCom's
                    lenders.

                (2) This  Agreement  shall  inure only to the  benefit of and be
                    binding upon the Parties and their respective successors and
                    representatives and permitted assigns.

                (3) This  Agreement  shall  be  binding  upon  and  inure to the
                    benefit of the Parties and their respective heirs,  personal
                    representatives and voluntary and involuntary successors and
                    assigns.

        (C)    Applicable Law & Venue:

               This Agreement  shall be construed,  interpreted  and enforced in
          accordance with, and governed by, the laws of the State of Florida and
          venue for any proceeding  arising  hereunder,  whether in law, equity,
          administration or alternate dispute  resolution,  shall, to the extent
          legally permissible, lie exclusively in Palm Beach County, Florida.

        (D)    Counterparts & Facsimile Execution:

               This Agreement may be executed in one or more counterparts,  each
          of which will be deemed to be an original,  but all of which  together
          shall   constitute   one  and  the  same   instrument  and  signatures
          transmitted by facsimile transmission shall be fully binding.

        (E)    Parties in Interest:

               This Agreement will be binding upon, inure to the benefit of, and
          be enforceable by and against the respective successors and assigns of
          the Parties and shall not be  assigned  by any Party  without  express
          written prior consent of AmeriNet.

        (F)    Remedies:

                (1) No delay or omission on the part of any Party in  exercising
                    any right or remedy shall  operate as a waiver of said right
                    or remedy or any other right or remedy.

                (2) A waiver on any one occasion shall not be construed as a bar
                    to or a waiver of any right on any future occasion.

                (3) Every right and remedy of a Party shall be cumulative and in
                    addition to every other right and remedy  expressed  in this
                    Agreement or allowed by law or equity,  and may be exercised
                    singularly or concurrently.

                                       19

<PAGE>

        (G)    Survival of Representations and Warranties:

                (1) All  representations  and warranties made by either Party to
                    this   Agreement   shall   survive   the   Closing  and  any
                    investigation  at any time made by or on behalf of the other
                    Party,  and shall  expire on the second  anniversary  of the
                    Closing Date.

                (2) Notwithstanding the preceding  sentence,  any representation
                    or  warranty  made in this  Agreement  in  respect  of which
                    indemnification  may be sought under this  Agreement and the
                    indemnification provided for in this Agreement for breach of
                    such  representation  or warranty  shall survive the time at
                    which it would otherwise terminate pursuant to the preceding
                    sentence or this Agreement,  if notice of the breach thereof
                    giving rise to such right to indemnification shall have been
                    given  in  good  faith  to the  Parties  against  whom  such
                    indemnification may be sought prior to such time.

        (H)    No Third-Party Beneficiaries:

               Neither this Agreement nor any provision hereof, nor any document
          or instrument executed or delivered pursuant to this Agreement,  shall
          be  deemed to create  any right in favor of or impose  any  obligation
          upon any person or entity other than Lorilei, AmeriNet and AmeriCom.

        (I)    Severability:

               Whenever legally possible,  each provision of this Agreement will
          be  interpreted  in such  manner as to be  effective  and valid  under
          applicable  law, but if any provision of this  Agreement is held to be
          invalid,  illegal or unenforceable in any respect under any applicable
          law or  rule  in any  jurisdiction,  such  invalidity,  illegality  or
          unenforceability  will not  affect  any other  provision  or any other
          jurisdiction  but this  Agreement will be  interpreted,  construed and
          enforced  in  such  jurisdiction  as  if  such  invalid,   illegal  or
          unenforceable provision had never been contained herein.

        (J)    Entire Agreement:

                (1) This Agreement and the  agreements,  instruments,  schedules
                    and other writings referred to in this Agreement contain the
                    entire  understanding  of the  Parties  with  respect to the
                    subject matter of this Agreement.

                (2) There are no restrictions, agreements, promises, warranties,
                    covenants or  undertakings  other than those  expressly  set
                    forth herein or therein.

                (3) This   Agreement   supersedes   all  prior   agreements  and
                    understandings  between  the  Parties  with  respect  to its
                    subject matter.

        (K)    Amendments:

               This Agreement may not be amended,  changed or terminated orally,
          and  no  attempted  change,  termination  or  waiver  of  any  of  the
          provisions hereof shall be binding unless in writing and signed by the
          Parties against whom the amendment,  change,  termination or waiver is
          sought to be enforced.

        (L)    Exhibits:

               Each exhibit and schedule  referenced in this Agreement  shall be
          annexed  hereto and shall be  considered a part hereof as if set forth
          in the body hereof in full.

                                       20
<PAGE>

        (M)    Negotiated Transactions:

               The provisions of this Agreement were  negotiated by the Parties,
          this Agreement and the  agreements,  indentures and other  instruments
          incidental  hereto  shall be deemed to have been drafted by all of the
          Parties  and this  Agreement  shall  not be  interpreted  more or less
          favorably in favor of or against a Party based on its authorship.

        (O)    Dispute Resolution:

                (1) If there is any dispute  hereunder  which cannot be resolved
                    by the Parties (a "Disputed Item"),  either Party may seek a
                    resolution by  arbitration  by applying for an arbitrator to
                    be  appointed  by the American  Arbitration  Association  in
                    accordance   with  the   rules  and   regulations   of  that
                    association, except as specifically modified hereby.

                (2) In the event  arbitration  is  requested,  both Parties must
                    proceed as quickly as possible to arbitration and accept the
                    results of same as final and binding.

                (3) The  losing  Party in the  arbitration  shall pay all of the
                    costs of the  arbitration.  In the event that the results of
                    the arbitration  cannot be said to result in a winning Party
                    and a losing  Party,  the  arbitrator  shall  decide how the
                    costs and expenses of the arbitration  shall be borne by the
                    Parties.

                (4) Any judgment upon the award  rendered by the  arbitrator may
                    be  enforced in the  Circuit  Court  sitting in and for Palm
                    Beach County, Florida.

        (P)    Notices:

                (1) All notices, demands or other communications given hereunder
                    will be in  writing  and will be  deemed  to have  been duly
                    given on the  first  business  day after  mailing  by United
                    States   registered  or  certified   mail,   return  receipt
                    requested, postage prepaid, addressed as follows:

                    (a)  To  AmeriNet:   AmeriNet   Group.com,   Inc.;   Crystal
                    Corporate  Center;  2500 North Military Trail,  Suite 225-C;
                    Boca  Raton,  Florida  33431;  Attention:  Larry Van  Etten,
                    President;  Telephone  (561)  998-3435,  Fax (561) 998-4635;
                    and,   e-mail   larry@amerinetgroup.com;   with   copies  to

                         AmeriNet Group.com,  Inc.; 1941 Southeast 51st Terrace;
                    Ocala,  Florida  34471;   Vanessa  H.  Lindsey,   Secretary;
                    Telephone (352) 694-6661,  Fax (352) 694-1325;  and, e-mail,
                    vanessa@atlantic.net;     and     with     a     copy     to

                         The Yankee Companies,  Inc.;  Crystal Corporate Center;
                    2500 North Military  Trail,  Suite 225; Boca Raton,  Florida
                    33431; Attention: Leonard Miles Tucker, President; Telephone
                    (561)   998-2025,   Fax  (561)   998-  3425;   and,   e-mail
                    carrington@flinet.com;

                    (b)  To Lorilei:  Lorilei Communications,  Inc.; Post Office
                    Box  770787;  Ocala,  Florida  34477;  7325  Southwest  32nd
                    Street;  Ocala, Florida 34474;  Attention:  George Franjola,
                    Vice,  President;   Telephone  (352)  861-1350;   Fax  (352)
                    861-1339;  e-mail  thefirm@callthefirm.com  with  copies  to

                         Lorilei  Communications,   Inc.;  1941  Southeast  51st
                    Terrace;   Ocala,   Florida   34471;   Vanessa  H.  Lindsey,
                    Secretary;  Telephone  (352) 694- 6661, Fax (352)  694-1325;
                    and,    e-mail,    vanessa@atlantic.net;    and    with    a
                    copy to

                                       21
<PAGE>

                         The Yankee Companies,  Inc.;  Crystal Corporate Center;
                    2500 North Military  Trail,  Suite 225; Boca Raton,  Florida
                    33431; Attention: Leonard Miles Tucker, President; Telephone
                    (561)   998-2025,   Fax  (561)   998-  3425;   and,   e-mail
                    carrington@flinet.com;

                  (c)

                         To AmeriCom: AmeriNet Communications, Inc.; Post Office
                    Box  770787;  Ocala,  Florida  34477;  7325  Southwest  32nd
                    Street;  Ocala,  Florida 34474;  Attention:  Lawrence R. Van
                    Etten,  President;   Telephone  (352)  861-1350;  Fax  (352)
                    861-1339;  e-mail  thefirm@callthefirm.com  with  copies  to

                         AmeriNet  Communications,  Inc.;  1941  Southeast  51st
                    Terrace;   Ocala,   Florida   34471;   Vanessa  H.  Lindsey,
                    Secretary;  Telephone  (352) 694- 6661, Fax (352)  694-1325;
                    and,    e-mail,    vanessa@atlantic.net;    and    with    a
                    copy to

                         The Yankee Companies,  Inc.;  Crystal Corporate Center;
                    2500 North Military  Trail,  Suite 225; Boca Raton,  Florida
                    33431; Attention: Leonard Miles Tucker, President; Telephone
                    (561)   998-2025,   Fax  (561)   998-  3425;   and,   e-mail
                    carrington@flinet.com;  or  such  other  address  or to such
                    other  person as any Party will  designate  to the other for
                    such purpose in the manner hereinafter set forth.

                (2) At the request of any Party, notice will also be provided by
                    overnight  delivery,   facsimile   transmission  or  e-mail,
                    provided that a transmission receipt is retained.

                (3)        (a) The Parties  acknowledge that Yankees serves as a
                           strategic  consultant  to  AmeriNet  and has acted as
                           scrivener  for the  Parties in this  transaction  but
                           that  Yankees  is  neither  a law firm nor an  agency
                           subject to any professional regulation or oversight.

                           (b) Because of the  inherent  conflict  of  interests
                               involved, Yankees has advised all of the  Parties
                               to  retain   independent  legal  and   accounting
                               counsel to review this Agreement and its exhibits
                               and incorporated materials on their behalf.

                           (c) The decision by any Party not to use the services
                               of  legal  counsel  in    conjunction   with this
                               transaction will  be solely  at  their  own risk,
                               each  Party acknowledging  that applicable  rules
                               of the Florida  Bar  prevent  AmeriNet's  general
                               counsel,  who  has reviewed, approved  and caused
                               modifications   on  behalf  of   AmeriNet,   from
                               representing  anyone  other than AmeriNet in this
                               transaction.

        (Q)    Further Assurances:

               From time to time after the  Closing,  Lorilei  will  execute and
          deliver,  or cause its affiliates to execute and deliver,  to AmeriCom
          such  instruments  of  sale,  transfer,  conveyance,   assignment  and
          delivery, and such consents,  assurances, powers of attorney and other
          instruments as may be reasonably  requested by AmeriCom or its counsel
          in order to vest in AmeriCom all right,  title and interest of Lorilei
          in and to the Assets and  otherwise  in order to carry out the purpose
          and intent of this Agreement.

        (R)    Specific Performance:

               Each of  AmeriCom  and Lorilei  acknowledges  and agrees that the
          other would be damaged  irreparably in the event any of the provisions
          of this Agreement are not performed in accordance  with their specific
          terms or   otherwise are  breached,  and AmeriCom and Lorilei shall be
          entitled to enforce  specifically  this Agreement  and the  terms  and
          provision thereof in any action instituted, in any court of the United
          States or any  state  thereof  having jurisdiction over  AmeriCom  and
          Lorilei and the matter,  subject to Section 5(S) below, in addition to
          any other remedy to which they may be entitled, at law or in equity.

                                       22
<PAGE>

        (S)    Jurisdiction:

                (1) Subject to Section  5(O),  AmeriCom  and Lorilei each hereby
                    submits to the jurisdiction of any state or federal court or
                    private dispute  resolution  tribunal  sitting in Palm Beach
                    County,  Florida, in any action or proceeding arising out of
                    or relating to this  Agreement and agrees that all claims in
                    respect  of  the  action  or  proceeding  may be  heard  and
                    determined in any such court or tribunal.

                (2) AmeriCom  and Lorilei  each agree not to bring any action or
                    proceeding  arising out of or relating to this  Agreement in
                    any other court or tribunal.

                (3) Each of the Parties waives any defense of inconvenient forum
                    to the  maintenance  of any action or  proceeding so brought
                    and waives any bond, surety, or other security that might be
                    required of any other Party with respect thereto.

         In Witness Whereof, the Parties hereby have caused this Agreement to be
duly executed as of the last day and year set forth below.

Signed, sealed and delivered
         In Our Presence:
                                                   AmeriNet Group.com, Inc.
--------------------------

__________________________                  By:      /s/ Lawrence R. Van Etten
                                                Lawrence R. Van Etten, President
Dated:   October 17, 2000
                                            Attest:  /s/ Vanessa H. Lindsey
                                                   Vanessa H. Lindsey, Secretary
STATE OF FLORIDA  }
COUNTY OF MARION           } SS.:                               (Corporate Seal)

         On this __th day of October,  2000,  before me, a notary  public in and
for the county and state aforesaid,  personally  appeared  Lawrence R. Van Etten
and Vanessa H.  Lindsey,  to me known,  and known to me to be the  president and
secretary of AmeriNet Group.com, Inc., the above-described Delaware corporation,
and to me known to be the persons who executed  the  foregoing  instrument,  and
acknowledged  the execution  thereof to be their free act and deed, and the free
act and deed of AmeriNet  Group.com,  Inc.,  for the uses and  purposes  therein
mentioned.  In  witness  whereof,  I have  hereunto  set my hand and  affixed my
notarial  seal the day and year in this  certificate  first  above  written.  My
commission expires: __________________________.

         {Seal}
                                                      --------------------------
                                                      Notary Public

                                       23
<PAGE>

                                                   Lorilei Communications, Inc.
--------------------------

__________________________                 By:    /s/ George Franjola
                                                 George Franjola, Vice President
Dated:   October 17, 2000
                                           Attest:  /s/ Vanessa H. Lindsey
                                                 Vanessa H. Lindsey, Secretary
STATE OF FLORIDA  }
COUNTY OF MARION           } SS.:                              (Corporate Seal)

         On this __th day of October,  2000,  before me, a notary  public in and
for the county and state  aforesaid,  personally  appeared  George  Franjola and
Vanessa H. Lindsey,  to me known,  and known to me to be the vice  president and
secretary  of  Lorilei   Communications,   Inc.,  the  above-described   Florida
corporation,  and to me known  to be the  persons  who  executed  the  foregoing
instrument,  and  acknowledged  the  execution  thereof to be their free act and
deed,  and the free act and deed of Lorilei  Communications,  Inc., for the uses
and purposes therein mentioned.  In witness whereof, I have hereunto set my hand
and affixed my notarial  seal the day and year in this  certificate  first above
written. My commission expires: _____________________.

         (Seal)
                                                     --------------------------
                                                     Notary Public

                                                   AmeriNet Communications, Inc.
--------------------------

__________________________                 By:     /s/ Lawrence R. Van Etten
                                               Lawrence R. Van Etten, President
Dated:   October 17, 2000
                                             Attest:  /s/ Vanessa H. Lindsey
                                                  Vanessa H. Lindsey, Secretary
STATE OF FLORIDA  }
COUNTY OF MARION           } SS.:                            (Corporate Seal)

         On this __th day of October,  2000,  before me, a notary  public in and
for the county and state aforesaid,  personally  appeared  Lawrence R. Van Etten
and Vanessa H.  Lindsey,  to me known,  and known to me to be the  president and
secretary  of  AmeriNet   Communications,   Inc.,  the  above-described  Florida
corporation,  and to me known  to be the  persons  who  executed  the  foregoing
instrument,  and  acknowledged  the  execution  thereof to be their free act and
deed, and the free act and deed of AmeriNet  Communications,  Inc., for the uses
and purposes therein mentioned.  In witness whereof, I have hereunto set my hand
and affixed my notarial  seal the day and year in this  certificate  first above
written. My commission expires:_______________:

         {Seal}
                                                   --------------------------
                                                    Notary Public

                                       24
<PAGE>

                              Exhibits & Schedules

                                      Index

Exhibit
Designation    Description
Bill of Sale      Exhibit 1          Listing & Description of Assets Transferred
Instrument of Assumption of Liabilities
1.1(C)         The Assumed Liabilities
1.1(E)         Parts of Business Not Transferred
1.1(P)(2)      Permitted Encumbrances
1.1(W)         Material Contracts
1.1(Z)         Legal Description of Real Property and Improvements
3.1(A)         List of States in Which Lorilei is Qualified to Conduct Business
               and List of Lorilei Subsidiaries
3.1(H)(1)(a)   Dependent Service Agreements, Material Contracts and Work
               Orders
3.1(H)(1)(b)   Existing Defaults
3.1(H)(2)      Consents to Transfer Required

Schedule
Designation       Description
1.1(Y)            Work Orders
2.1(E)            Allocation of Purchase Price
2.1(B)(2)         Excluded Liabilities
3.1(B)(2)         Exceptions to Non-contravention Warranty
3.1(C)(1)         Litigation
3.1(D)            Governmental Approvals
3.1(G)            Tax Related Security Interests
3.1(H)(1)(d)      Other Agreements Required for Operation of Business
3.1(H)(3)         Exceptions to  Lorilei  Representations  Concerning Absence of
                  Liabilities or Potential Liabilities
3.1(J)(1)         Final Lorilei Payroll and Benefits Data
3.1(J)(2)(a)      List of Lorilei's Employee Benefit Plans
3.1(O)            Lorilei's Intellectual Property

                                       25
<PAGE>

                                  Bill of Sale

     THIS BILL OF SALE ("Bill of Sale") from  Lorilei  Communications,  Inc.,  a
Florida corporation ("Lorilei") to the order of AmeriNet Communications, Inc., a
Florida corporation ("AmeriCom").

                                    Preamble:

     WHEREAS,  Lorilei and AmeriCom are parties to an asset  purchase  agreement
dated as of the 17th day of October,  2000 (the "Agreement"),  pursuant to which
Lorilei is selling certain of Lorilei's assets to AmeriCom.

     NOW,  THEREFORE,  for good and  valuable  consideration,  the  receipt  and
sufficiency of which are hereby acknowledged, Lorilei hereby:

                                   Witnesseth:

        (A)    Capitalized  terms used herein but not defined  herein shall have
          the meanings assigned such terms in the Agreement.

        (B)    Lorilei hereby sells, conveys, transfers, assigns and delivers to
          AmeriCom,  and AmeriCom accepts from Lorilei,  all of the right, title
          and interest  that Lorilei  possesses and has the right to transfer in
          and to all of the  Assets  used  or  useful  in  connection  with  the
          Business  as the  same  shall  exist on the  date  hereof,  including,
          without limitation, the following designated assets (collectively, the
          "Assets"):

                (1) all of the right,  title and  interest  of Lorilei in and to
                    all furniture,  fixtures,  vehicles and equipment  listed on
                    Exhibit 1 annexed hereto and made a part hereof;

                (2) the Inventory;

                (3) all intangible  assets  wheresoever  situated and whether or
                    not specifically referred to herein or in the Agreement, and
                    whether  or not  any of  such  assets  have  any  value  for
                    accounting  purposes  or  are  carried  or  reflected  on or
                    referred to in any of the books or financial  statements  of
                    Lorilei;

                (4) all of Lorilei's  rights and  interests in, to and under the
                    Dependent  Service   Agreements,   Material   Contracts  and
                    Purchase Orders;

                (5) the Books and Records;

                (6) all of Lorilei's telephone numbers,  facsimile  transmission
                    numbers, e-mail addresses and web pages;

                (7) all prototypes, design models and samples which specifically
                    relate to the products or services of the Business; and

                (8) all goodwill associated with the Business.

        (C)    Lorilei warrants to AmeriCom that on the date hereof,  Lorilei is
          the true and lawful  owner of the  Assets,  holds good,  absolute  and
          marketable  title in and to all of the Assets,  and has full corporate
          power and authority to sell and convey the same, in each case free and
          clear of all Encumbrances other than the Permitted Encumbrances.

                                       26
<PAGE>

        (D)    From time to time after the date hereof, Lorilei will execute and
          deliver to AmeriCom such  instruments of sale,  transfer,  conveyance,
          and  such   consents,   assurances,   powers  of  attorney  and  other
          instruments as may be reasonably  requested by AmeriCom or its counsel
          in order to vest in AmeriCom all right,  title and interest of Lorilei
          in and to the Assets and otherwise to carry out the purpose and intent
          of this Bill of Sale.

        (E)     (1) Notwithstanding any other provisions of this Bill of Sale to
                    the contrary,  nothing  contained in this Bill of Sale shall
                    in  any  way  supersede,  modify,  replace,  amend,  change,
                    rescind, waive, exceed, expand, enlarge or in any way affect
                    the  provisions,   including  the   warranties,   covenants,
                    agreements,  conditions,  representations or, in general any
                    of the rights and remedies,  and any of the  obligations and
                    indemnifications  of Lorilei set forth in the  Agreement nor
                    shall this Bill of Sale expand or enlarge any remedies under
                    the Agreement  including  without  limitation  any limits on
                    indemnification specified therein.

                (2) This Bill of Sale is intended only to effect the transfer of
                    certain property to be transferred pursuant to the Agreement
                    and shall be governed  entirely in accordance with the terms
                    and conditions of the Agreement.

     In Witness Whereof, Lorilei has caused this Bill of Sale to be executed and
delivered on the date set forth below.

                                                   Lorilei Communications, Inc.
--------------------------

__________________________                 By:  /s/ George Franjola
                                                George Franjola, Vice President
Dated:   October 17, 2000
                                           Attest:  /s/ Vanessa H. Lindsey
                                                  Vanessa H. Lindsey, Secretary
STATE OF FLORIDA  }
COUNTY OF MARION           } SS.:                           (Corporate Seal)

     On this __th day of October,  2000,  before me, a notary  public in and for
the county and state aforesaid,  personally appeared George Franjola and Vanessa
H. Lindsey,  to me known, and known to me to be the vice president and secretary
of Lorilei Communications, Inc., the above-described Florida corporation, and to
me  known  to  be  the  persons  who  executed  the  foregoing  instrument,  and
acknowledged  the execution  thereof to be their free act and deed, and the free
act and deed of Lorilei Communications,  Inc., for the uses and purposes therein
mentioned.  In  witness  whereof,  I have  hereunto  set my hand and  affixed my
notarial  seal the day and year in this  certificate  first  above  written.  My
commission expires:_____________.

         (Seal)
                                                     --------------------------
                                                     Notary Public

                                       27
<PAGE>

                    Instrument of Assumption of Liabilities

     THIS INSTRUMENT OF ASSUMPTION OF LIABILITIES  (the "Indenture) is issued by
AmeriNet  Communications,  Inc., a Florida corporation  ("AmeriCom") in favor of
Lorilei Communications, Inc., a Florida corporation ("Lorilei").

                                   Witnesseth:

First:    All  capitalized  terms used herein but not defined  herein shall have
          the meanings assigned such terms in the Agreement.

Second:   In  consideration of the sale and assignment by Lorilei to AmeriCom of
          the  Assets  pursuant  to the  terms of that  certain  asset  purchase
          agreement  dated  as  of  the  17  day  of  October,   2000  which  is
          incorporated  herein by this  reference  (the  "Agreement"),  AmeriCom
          hereby  agrees to assume,  pay,  perform  and  discharge  all  Assumed
          Liabilities.

Third:    Notwithstanding   any  other  provisions  of  this  Indenture  to  the
          contrary,  nothing  contained  in  this  Indenture  shall  in any  way
          supersede,  modify,  replace,  amend, change,  rescind, waive, exceed,
          expand,  enlarge or in any way affect the  provisions,  including  the
          warranties, covenants, agreements, conditions,  representations or, in
          general any of the rights and remedies, and any of the obligations and
          indemnification  of Lorilei set forth in the  Agreement nor shall this
          Indenture expand or enlarge any remedies under the Agreement including
          without  limitation any limits on  indemnification  specified therein.
          This  Indenture  is  intended  only to effect the  transfer of certain
          liabilities to be  transferred  pursuant to the Agreement and shall be
          governed  entirely in accordance  with the terms and conditions of the
          Agreement.

Fourth:   Except as expressly  set forth in this  Indenture,  AmeriCom  does not
          assume any other obligation, liability or indebtedness of Lorilei.

Fifth:    Neither this Indenture nor any provision  hereof,  nor any document or
          instrument executed or delivered pursuant to this Indenture,  shall be
          deemed to create any right in favor of or impose any  obligation  upon
          any person or entity other than Lorilei, AmeriNet and AmeriCom.

Sixth:    This  Indenture  shall be  governed  by,  construed  and  enforced  in
          accordance with the laws of the State of Florida.

                                      * * *

                                       28
<PAGE>

         In Witness Whereof,  AmeriCom has executed this  Instrument,  as of the
day and year set forth below.

                                                  AmeriNet Communications, Inc.
--------------------------

__________________________                 By:      /s/ Lawrence R. Van Etten
                                                Lawrence R. Van Etten, President
Dated:   October 17, 2000
                                            Attest:  /s/ Vanessa H. Lindsey
                                                  Vanessa H. Lindsey, Secretary
STATE OF FLORIDA  }
COUNTY OF MARION           } SS.:                          (Corporate Seal)

         On this __th day of October,  2000,  before me, a notary  public in and
for the county and state aforesaid,  personally  appeared  Lawrence R. Van Etten
and Vanessa H.  Lindsey,  to me known,  and known to me to be the  president and
secretary  of  AmeriNet   Communications,   Inc.,  the  above-described  Florida
corporation,  and to me known  to be the  persons  who  executed  the  foregoing
instrument,  and  acknowledged  the  execution  thereof to be their free act and
deed, and the free act and deed of AmeriNet  Communications,  Inc., for the uses
and purposes therein mentioned.  In witness whereof, I have hereunto set my hand
and affixed my notarial  seal the day and year in this  certificate  first above
written. My commission expires:_____________________.

         {Seal}
                                                    --------------------------
                                                     Notary Public

<PAGE>

                                 Exhibit 1.1(C)
                             The Assumed Liabilities

<TABLE>
<S>                                      <C>                  <C>                       <C>                      <C>
Creditor                              Total Owed         Monthly Payment              Term                  Description

AmeriNet Group                        $241,000.00            N/A                      On Demand            Loan Working Capital
Arch Paging                           $113.58             $60.00                      Net 20               Pagers
AT&T Wireless                         $603.56             $500-700.00                 DUR                  Cell Phones
BCBS                                  $0.00               $2,700.00                   Net 30               Health Insurance
Business Exec. Network                $50.00              $50.00                      DUR                  Comp. Membership
Brian's Lawn Ser.                     $0.00               $125.00                     Net 30               Landscaping Services
Closet Maid                           $347.24             $347.24                     DUR                  Studio Shelves
Crain Comm.                           $1,567.00           $1,567.00                   DUR                  Imp. Trade Pub. Adv.
Culligan Water                        $55.98              $50.00                      Net 10               Water
Dickstein et al                       $482.00             $482.00                     Net 10               Legal-Media Matters
DJP Security                          $60.26              Qtrly. $60.26               Net 10               Security Monitoring
Earl's Well Drilling                  $90.00              N/A                         Net 10               Well Repair
Fine Print                            $1,887.85           $1,887.87                   Net 30               Printer-Important
Future Quest                          $0.00               $66.29                      Net 10               Internet Provider
Hanover Insurance                     $0.00               $292.30                     Net 20               Workers Comp.
Hanover Insurance                     $477.80             $477.80                     Net 20               Auto Ins.
Hanover Insurance                     $598.13             $598.13                     Net 20               Comm. Package
Hy-Tech Whole                         $1,964.18           $1,964.18                   Net 30               Equipment Purchase
Home Team Ser.                        $0.00               6 mo./yr.                   Net 30               Pest Control
Intermedia                            $2,429.26           $1,324.00                   DUR                  L/LD Phone
Killgore Pearlm                       $208.93             $208.93                     Net 30               Legal
Markertek                             $600.08             $600.08                     Net 30               Equipment Supplies
Neopost                               $565.40             Per Year                    Net 30               Postage Meter
Office Automation                     $150.00             $0.00                       Net 20               Consultants

</TABLE>

<PAGE>

                                 Exhibit 1.1(E)
                        Parts of Business Not Transferred

All of Lorilei's business,  investment and operations, other than the operations
of the d/b/a Ocala News Tonight  will be  transferred.  On August 24, 2000,  the
principals of Lorilei  decided to cease all operations in relations to the local
news program, Ocala News Tonight.

<PAGE>

                                Exhibit 1.1(P)(2)
                             Permitted Encumbrances

     Exhibit  1.1(C),   the  liens   apportioned  to  the  schedule  of  Assumed
Liabilities is annexed hereto and made a part hereof.

     The principal place of business for Lorilei is 7325 SW 32nd Street,  Ocala,
Florida 34474,  Marion County,  Florida,  Airport  Industrial  Park. On or about
January 20, 2000,  the City of Ocala  notified  Lorilei that the existing  water
system in Airport  Industrial  Park would be  replaced  by hookup to the City of
Ocala  water  system.  Since this date,  the water line has been  installed  and
tested.  Lorilei has provided the necessary  information to the City of Ocala to
determine the impact fee for such water system.  To date,  Lorilei is waiting on
notification  for the City  regarding  the date of hookup  and the amount of the
impact fee.

     As of 9/29/00, a title search report has been prepared. A copy of the title
search report is attached  hereto and  incorporated  herein.  Specifically,  The
Restrictions/Easements,   Other   Encumbrances   and  Standard   Exceptions  are
incorporated hereto.

<PAGE>

                                 Exhibit 1.1(W)
                               Material Contracts

     The  following  table  represents  material  contracts  in the form of bank
notes,  finance  agreements with leasing companies and,  mortgage,  in excess of
$5,000.00.

Creditor            Total Owed       Monthly      Term       Description
                                     Payment
AmSouth Bank        $18,585.70       $463.55      9/30/04    Auto Loan
Chrysler Fin.       $10,785.84       $363.08      6/13/03    Auto Loan
Colonial Pacific    $5,648.73        $400.89     10/26/01    Lease-Prod. Equip.
Colonial Pacific    $11,278.52       $768.35       6/4/01    Lease-Prod. Equip.
Credential          $6,363.04        $368.28     12/17/01    Lease Phone System
ORIX                $5,505.36        $177.61      5/28/03    Lease-Comp. Equip.
ORIX                $5,076.11        $574.78       3/9/01    Lease-Voice Mail
Preferred Cap.      $14,033.88       $506.36     10/19/03    Lease-Prod. Equip.
SBLS                $188,840.15      $2,094.00       2022    Mortgage
Total               $266,117.33

     The following  table  represents  material  contracts in the form of client
contracts in excess of $5,000.00.

Client                      Contract      Date          Description
                                          Amount        Executed
American Heritage Homes    $8,245.00      5/17/00       CD Business Cards
Beasley & Henley           $6,000.00      9/14/00       Marketing Plan Creation
Beazer Homes               $23,946.00     8/28/00       Home Design Brochures
Edward Waters              $19,020.00    11/30/99       Media Buy
GNR Health Sys.            $30,780.00      6/9/00       Catalog Creation
Lennar Development         $8,995.00      7/25/00       Website Development
Total                      $96,986.00

<PAGE>

                                 Exhibit 1.1(Z)
               Legal Description of Real Property and Improvements

The legal description of real property is as follows:

                  Lot 6, Block C, Airport  Industrial  Park, as per plat thereof
                  recorded  in Plat Book 1, Page 192,  Public  Records of Marion
                  County, Florida.

Attached and annexed hereto and made a part hereof, is the Contract for Sale and
Purchase and Commitment to Insure Title.

The legal description of the improvements to the real property is as follows:

                  Lot 6, Block C, Airport  Industrial  Park, as per plat thereof
                  recorded in Plat 1, Pages 92 and 93, of the Public  Records of
                  Marion County, Florida.

The  address  is 7325 SW 32nd  Street,  Ocala,  Florida  34474,  Marion  County,
Florida.  Lorilei's  facility is 5,000  square feet in total  space,  with 3,500
square feet devoted to office and production space and 1,500 square feet devoted
to studio space. The entire building is air conditioned and heated. Attached and
annexed hereto and made a part hereof, is the Mortgage for the building.

<PAGE>

                                 Exhibit 3.1(A)
        List of States in Which Lorilei is Qualified to Conduct Business
                        and List of Lorilei Subsidiaries

Lorilei is qualified to conduct business in the State of Florida. Lorilei has no
subsidiaries.

<PAGE>

                              Exhibit 3.1(H)(1)(a)
                Dependent Service Agreements, Material Contracts
                                 and Work Orders

Lorilei does not have any Dependent Service Agreements or Work Orders other than
as reflected in Exhibit 1.1(W) and Schedule  1.1(Y),  incorporated by references
herein.

<PAGE>

                              Exhibit 3.1(H)(1)(a)
                Dependent Service Agreements, Material Contracts
                                 and Work Orders

Lorilei does not have any Dependent Service Agreements or Work Orders other than
as reflected in Exhibit 1.1(W) and Schedule  1.1(Y),  incorporated by references
herein.

<PAGE>

                              Exhibit 3.1(H)(1)(b)
                                Existing Defaults

While  Lorilei has not received  any notice of default on any of their  material
contracts such as equipment finance leases,  Lorilei would like to disclose that
some payments on leases have not been made in a timely manner.

FINOVA Loan  Administration  repossessed the Pre-Press Film equipment on 9/19/00
previously  to  Lorilei's  request.  It was  Lorilei's  intention  to  have  the
Pre-Press  repossessed  because  Lorilei  was  unable to make any  revenue  from
offering  this  service.  Lorilei  tried to exchange the equipment for something
more useful but to no avail.

The Bank of America  automobile loan is for the Volvo. In August,  2000, Lorilei
notified  Bank  of  America  that  Gerald  R.  Cunningham  has  resigned,  filed
bankruptcy  and left the State of  Florida.  Lorilei  further  informed  Bank of
American  that the Volvo was for Gerald's  primary use and since he is no longer
employed,  that  Lorilei  had no use for the  vehicle and would like the vehicle
repossessed.  No payment  has been made to Bank of America  since July 2000.  To
date,  Lorilei  has not been  contacted  as to when the  repossession  will take
place.

<PAGE>

                                Exhibit 3.1(H)(2)
                          Consents to Transfer Required

The  following  table  represents  the  consents  to transfer  required  for all
material contracts.

Creditor        Total Owed      Monthly     Term           Description
                                            Payment
AmSouth Bank    $18,585.70     $463.55      9/30/04        Auto Loan
Chrysler Fin.   $10,785.84     $363.08      6/13/03        Auto Loan
Freedom Cap.    $4,438.28      $442.03      8/27/01        Lease -Comp. Equip.

ORIX            $5,505.36      $177.61      5/28/03        Lease-Comp. Equip.
ORIX            $5,076.11      $574.78      3/9/01         Lease-Voice Mail
SBLS            $188,840.15    $2,095.00     2022          Mortgage
The Associates  $1,384.84      $378.97      10/01/00       Lease-Audio
The Manifest    $1,227.69      $274.71      10/20/00       Lease-Comp. Equip.
Total           $235,843.97

Attached and annexed  hereto and made a part  hereof,  are copies of the consent
letters to each of the above creditors.

<PAGE>

                                 Schedule 1.1(Y)
                                   Work Orders

The following  table  represents  customer Work Orders.  These are contracts for
purchase of goods and services from Lorilei which relate to the Business.

<TABLE>

<S>                                          <C>                   <C>                      <C>
          Client                          Contract               Date                    Description
                                           Amount                Executed
Advent Product Development                $500.00                6/22/00             Produce :60 Commercial
Advent Product Development                $500.00                7/21/00             Produce :60 Commercial
Advent Product Development                $500.00                9/25/00             Produce :60 Commercial
Advent Product Development                $500.00                10/24/00            Produce :60 Commercial
American Heritage Homes                   $8,245.00              5/17/00             CD Business Cards
AmeriNet Group.com                        $600.00                9/27/00             Website Revision
AmeriNet Group.com                        $1,460.00              10/20/00            Website Update
Beasley & Henley                          $6,000.00              9/14/00             Marketing Plan Creation
Beazer Homes                              $23,946.00             8/28/00             Home Design Brochures
Cuthill & Eddy LLP                        $495.00                7/26/00             PowerPoint Presentation
Edward Waters                             $19,020.00             11/30/99            Media Buy
FL. Camp for Children                     $3,995.00              3/13/00             Promotional Video
Freck's Auto Art                          $1000.00               9/7/00              Direct Mail Insertion
GNR Health Sys.                           $30,780.00             6/9/00              Catalog Creation
Harry Browne for President                $11,000.00             12/8/99             Agency Retainer
Home Builders Assoc.                      $1,632.00              10/12/00            Printing Invitations
Lennar Development                        $8,995.00              7/25/00             Website Development
Millennium Sound & Design                 $3,742.00              11/30/00            Promotional Ordering
Park Square Homes                         $2,250.00              7/28/00             Website Changes
Park Square Homes                         $325.00                10/10/00            Slides of Website
WSA Marketing                             $480.00                11/23/99            Mo. Website Hosting
Total                                     $125,965.00

</TABLE>

<PAGE>

                  ALLOCATION OF PURCHASE PRICE: Schedule 2.1E

Assets Acquired:
    Current Assets
                 Cash                                               578.60
                      Total Current Assets                          578.60
    Other Assets
                 Costs in Excess of Billings                     11,871.00
                 Prepaid renatl on all assets not acquired,
                 and purchase of all accounts receivable        254,653.51
                                                        ---------------------

                                 Total Other Assets             266,524.51
                                                        ---------------------

Total Assets Acquired                                           267,103.11

Liabilities Assumed
    Current Liabilities
                 Accounts Payable                                26,103.11
                 Loan Payable-AmeriNet                          241,000.00

Total Liabilities Assumed                                       267,103.11

                               Schedule 2.1(B)(2)
                              Excluded Liabilities

Creditor                      Total Debt               Description
Adelphia Cable               $2,120.60             Comm. Leased Access
Advanta Mastercard           $3,744.84             GRC Guaranteed Debt
AmSouth Bank                 $28,109.68            Line of Credit
AmSouth Bank                 $18,585.70            Auto Loan-Mountaineer
Bank of American             $24,488.55            Volvo - Repo
Bell South                   $353.48               Yellow Page Advertisement
Birschbach Media             $2,085.00             Person. Advert. Leigh Placed
Bruce Brashear               $1,831.95             Legal
Chevron                      $1,251.09             GRC Guaranteed Debt
Chrysler Fin.                $10,785.84            Auto Loan-Caravan
Colonial Pacific             $1,142.88             Lease-LCD Projector
Colonial Pacific             $3,291.59             Lease-Comp. Equip.
Colonial Pacific             $5,648.73             Lease-Prod. Equip.
Colonial Pacific             $11,278.52            Lease-Prod. Equip.
Comcast Cable                $2,131.15             Comm. Leased Access
Cable Rep/Cox Comm.          $9,788.30             Comm. Leased Access
Credential                   $6,363.04             Lease Phone System
Cunningham Loan from SH      $38,505.30            Personal $ Loaned Lorilei
Cunningham Exp. Reim.        $6,787.63             Not on Books-Never Was
DECCA                        $2,114.60             Comm. Leased Access
Eller Media                  $13,350.00            Billboard Advertising
Florida Office Associates    $34,051.92            3 yr. Orlando Office Lease
Fox 31                       $7,650.00             Media Camp.(SW GA Con.)
Freedom Cap.                 $4,438.28             Prod. Equipment Lease
HGTV                         $21,420.00            Comm. Leased Access

<PAGE>

                               Schedule 2.1(B)(2)
                              Excluded Liabilities

Creditor                      Total Debt           Description
HPS Printing                  $218.32              Pre-Press Supplies
James Moore                   $4,262.00            Accountant
LaTorraca Note                $52,186.50           Leigh's Dad Loan to Lorilei
Mail South, Inc.              $4,596.23            Direct Mail-Client Related
Media Line                    $300.00              Personnel Ad. Ocala News
Office Depot                  $2,374.77            GRC Guaranteed Debt
OK-106                        $216.75              Media Camp.(SW GA Con.)
ORIX                          $5,505.36            Lease Comp. Equip.
ORIX                          $5,076.11            Lease Voice Mail
Photographic Waste            $193.00              Film Developer Waste
Preferred Cap.                $14,033.88           Lease-Prod. Equip.
R.R. Bowker                   $204.10              Subscription Renewal
Sam's Club                    $3,266.89            GRC Guaranteed Debt
SBLS                          $188,840.15          Mortgage
Staples                       $3,912.67            GRC Guaranteed Debt
TCI Media a/k/a AT&T          $6,825.00            Media Camp.(SW GA Con.)
The Associates                $1,384.84            Lease - Audio
The Lamar Co.                 $11,959.50           Billboards (SW GA Con.)
The Manifest                  $1,227.69            Lease - Comp. Equip.
Thomson S. GA. Marketing      $2,977.56            Direct Mail Insertion Co.
Time Warner Comm.             $7,424.53            Comm. Leased Access
Tri-State Outdoor Media       $15,682.50           Billboards (SW GA Con.)
Vincent Printing              $1,305.83            Billboard Printing
WAAC FM                       $1,530.00            Media Camp.(SW GA Con.)
WALB-TV                       $9,945.00            Media Camp.(SW GA Con.)

<PAGE>

                               Schedule 2.1(B)(2)
                              Excluded Liabilities
Creditor                      Total Debt           Description
WCTV-6                        $5,064.30            Media Camp.(SW GA Con.)
WISK FM                       $1,075.89            Media Camp.(SW GA Con.)
WJAD FM Radio                 $2,094.50            Media Camp.(SW GA Con.)
WJIZ FM                       $2,703.00            Media Camp.(SW GA Con.)
WKAK FM                       $1,700.00            Media Camp.(SW GA Con.)
WMTM FM                       $1,840.01            Media Camp.(SW GA Con.)
WOBB FM                       $2,570.40            Media Camp.(SW GA Con.)
WQVE FM                       $1,666.00            Media Camp.(SW GA Con.)
WTLH FM                       $1,211.25            Media Camp.(SW GA Con.)
WTUF FM                       $1,380.06            Media Camp.(SW GA Con.)
                              Total $628,073.26

<PAGE>

<PAGE>

                               Schedule 3.1(B)(2)
                    Exceptions to Non-contravention Warranty

None.

                               Schedule 3.1(C)(1)
                                   Litigation

     To  Lorilei's  knowledge,  there  are not  actions,  suits  or  proceedings
pending,  or,  threatened or  anticipated  before any court or  governmental  or
administrative  body or agency  affecting  the  Business,  except the  following
information.

     During  the month of  August  1999,  Lorilei  placed a spot air time buy on
behalf of a client  with Home & Garden  Television  ("HGTV").  The total buy for
this flight was  $21,420.00.  Not long after the buy was placed,  trade industry
reports made allegations that HGTV inserted national spots in local break slots.
This allegation  proved to be true for some customers which meant that there was
a possibility that our client's spot did not air according to the buy scheduled.
In any event,  Gerald R.  Cunningham,  former CEO of Lorilei,  wanted proof from
HGTV  that this was not the case and that our  client's  spot ran  according  to
schedule.  After many months of  correspondence  between  Lorilei and HGTV, this
issue was never  resolved.  Gerald R.  Cunningham  never was satisfied  with the
proof that HGTV provided.  The account was then  forwarded to HGTV's  collection
agency.  The outcome  was the same,  Gerald R.  Cunningham  refused to come to a
resolution with HGTV based on the insufficient  proof provided.  The account has
been forwarded to the collection agency's legal department. To date, no suit has
been filed to Lorilei's knowledge.

     Sheryl Wolf, a former sales  representative,  for Lorilei  resigned on June
28,  2000.  She  resigned  due to  irreconcilable  differences  with  Gerald  R.
Cunningham, CEO and Leigh A. Cunningham, President. Shortly after her departure,
she  obtained an attorney  who wrote a demand  letter for past wages that Sheryl
felt she was entitled to based on her commission structure.  Lorilei hired their
attorney to respond to Sheryl's  demand.  The response from  Lorilei's  attorney
basically  stated that there was no basis for her claim.  To date,  not suit has
been filed to Lorilei's knowledge.

     On August 1, 2000,  Gerald R. Cunningham and Leigh A.  Cunningham  resigned
from Lorilei.  Shortly  thereafter,  Gerald R.  Cunningham  obtained an attorney
demanding  collection of his last paycheck for 8/5/00,  for wages  8/16-8/31/00.
Lorilei's Legal Affairs Department responded by informing  Cunningham's attorney
that Gerald R.  Cunningham had violated his  employment  agreement and therefore
Lorilei  did not feel it was their duty to pay him the last  paycheck.  To date,
not suit has been filed to Lorilei's knowledge.

     On  September  19,  2000 a 10 day demand  letter was sent to Edward  Waters
College.  Edward Waters College ("EWC") owes Lorilei  $27,300.37 for infomercial
production,  CD Rom authoring,  creation of promotional items, graphic and print
services.  While  Lorilei  feels  that  they  have gone  above  and  beyond  the
parameters  of the  contracts  to provide a finished  product  that meets  EWC's
approval,  EWC will not  make  payment  on their  account  or  communicate  with
Lorilei.

     September 1, 1999,  Leigh  Cunningham  executed an office lease for a sales
office in Orlando with Corporate Investments, Inc. There were trade arrangements
made in the amount of

<PAGE>

                                Exhibit 3.1(C)(1)
                                   Litigation

     $5,000.00.  Basically, The Firm Multimedia would produce an infomercial for
Corporate Investments  International,  Inc. In return, The Firm Multimedia would
occupy  one  of  their  office  suites.   Sometime  during  the  year  Corporate
Investments  International,  Inc. decided that they wanted a CD-Rom instead of a
infomercial.  As of October 16, 2000,  The Firm  Multimedia  has  completed  the
CD-Rom and sent it to Corporate Investments International, Inc. for approval. On
October  13,  2000,   Lorilei  received  a  letter  from  Corporate   Investment
International's  attorney  demanding payment in full for the one year lease term
and threaten that suit would be filed if no payment is received. Lorilei's legal
affairs  department  has replied and  provided  information  in reference to the
above events.  Lorilei feels that this is a misunderstanding and that this issue
will be resolved out of court.

                                 Schedule 3.1(D)
                             Governmental Approvals

None

                                 Schedule 3.1(G)
                         Tax Related Security Interests

     There  are  no  security  interests  on any of the  Assets  that  arose  in
connection  with any failure to pay any Tax,  and Lorilei has  withheld and paid
all Taxes required with respect to the Business..

<PAGE>

                              Schedule 3.1(H)(1)(d)
               Other Agreements Required for Operation of Business

     Other than Exhibits 1.1(W),  Material  Contracts and Exhibit  3.1(H)(1)(a),
Dependent Service  Agreements,  Material Contracts,  Purchase Orders,  which are
incorporated  by reference,  no other  agreements  are required for operation of
business.

                               Schedule 3.1(H)(3)
                Exceptions to Lorilei Representations Concerning
                 Absence of Liabilities or Potential Liabilities

     To the best of Lorilei's  knowledge,  there has not been any event that may
give rise to  liability  on the part of  Lorilei in respect of any claim for the
products produced or sold.

                               Schedule 3.1(J)(1)
                     Final Lorilei Payroll and Benefits Data

     The following  table  represents  the total gross payroll for personnel for
the period ended immediately before Closing.

Employee                 Gross Pay    Commissions Included      Employee Expense
                                       in Gross Pay              Reimbursement
                                      Included in Gross Pay
Angie Danner          $720.00              $0.00                  $0.00
Brian Trahan          $1,512.50            $0.00                  $0.00
Daniel Rockwell       $1,258.33            $0.00                  $0.00
Duff DeVaul           $1,250.00            $0.00                  $0.00
Dustin McCollum       $1,050.00            $0.00                  $0.00
George Franjola       $1,666.67            $0.00                  $0.00
Karen Burk            $1,500.00            $0.00                  $0.00
Larry Uelmen          $1,091.67            $0.00                  $0.00
Larry Van Etten       $1,733.33            $0.00                  $0.00
Leslie Kinney         $1,025.00            $0.00                  $0.00
Marnie Vaughn         $2,500.00            $0.00                  $0.00
Mary Lee              $1,300.00            $0.00                  $0.00
Mary Brice            $1,500.00            $0.00                  $0.00
Nadyne McDonald       $708.00              $0.00                  $0.00
Penny Tomberlin       $965.00              $0.00                  $0.00
William Fraker        $1,250.00            $0.00                  $0.00
                      $21,030.50           $0.00                  $0.00

<PAGE>

                              Schedule 3.1(J)(2)(a)
                    List of Lorilei's Employee Benefit Plans

     Lorilei  offers health  insurance to its employees  through Blue Cross Blue
Shield after 90 days of employment.  Lorilei  contributes  one-half or $94.00 of
the employee's  monthly premium.  Lorilei  employees may add their family to the
health insurance plan at their own personal expense.

     After 90 days of employment,  Lorilei employees are entitled to 40 hours of
personal time to be used for doctors  appointments  and the like. After one year
of employment,  Lorilei  employees are entitled to 40 hours of vacation time and
40 hours of personal time.  Every year on the anniversary date of the employee's
hire date,  they are  entitled to 40 hours of vacation  and 40 hours of personal
time. The following table represents time accrued immediately before closing.

Employee            Vacation Hours      Personal Hours       Total Hours
Mary Brice             0.00                  0.00                0.00
Karen Burk             0.00                 40.00               40.00
Angie Danner           0.00                  0.00                0.00
Duff DeVaul            0.00                 40.00               40.00
W. Jeff Fraker         0.00                 40.00               40.00
Leslie Kinney         40.00                 31.50               71.50
Mary Lee               0.00                  0.00                0.00
Dustin McCollum       40.00                 30.00               70.00
D. Tommy Rockwell      0.00                 24.00               24.00
Penny Tomberlin       16.00                 36.50               52.50
Brian Trahan           0.00                  8.75                8.75
Larry Uelmen           0.00                 40.00               40.00
Marnie Vaughn          0.00                 40.00               40.00

                                 Schedule 3.1(O)
                         Lorilei's Intellectual Property

     The attached Excel  spreadsheet which represents  Lorilei's  Trademarks and
Copyrights is annexed hereto and made a part hereof.

     Lorilei has two fictitious names registered with the State of Florida.  The
Firm  Multimedia  and Ocala News Tonight.  Annexed hereto and made a part hereof
are the Fictitious Name Registration Certificates.Employment Agreement

THIS EMPLOYMENT  AGREEMENT (the "Agreement") is entered into by and among Marnie
A. Vaughn, an individual  residing in the State of Florida whose social security
number is  576-86-  3637 (the  "Employee");  AmeriNet  Communications,  Inc.,  a
Florida  corporation  ("AmeriCom";  AmeriCom  and the Employee  being  sometimes
hereinafter collectively to as the "Parties" or generically as a "Party".

         NOW, THEREFORE, in consideration of the mutual promises,  covenants and
agreements hereby  exchanged,  as well as of the sum of Ten ($10.00) Dollars and
other good and  valuable  consideration,  the receipt  and  adequacy of which is
hereby acknowledged, the Parties, intending to be legally bound, hereby agree as
follows:

                                   Witnesseth:

                                   Article One
                       Term, Renewals, Earlier Termination

1.1      Term.

         Subject to the provisions set forth herein,  the term of the Employee's
employment hereunder shall be deemed to have commenced on July 5, 2000 and shall
continue until June 30, 2001.

1.2      Renewals.

(a)       This Agreement shall be renewed automatically, after expiration of the
          original term, on a continuing annual basis,  unless the Party wishing
          not to renew this  Agreement  provides  the other  Party with  written
          notice of its election not to renew ("Termination Election Notice") on
          or before the 30th day prior to termination of the then current term.

(b)       In the event that in conjunction  with a renewal of this Agreement,  a
          Party desires a  modification  of the terms of this Agreement that are
          not of general application (e.g., the provisions pertaining to salary,
          commissions, etc.), then:

         (1)        Such Party  shall  provide  the other with a written  notice
                    specifying the requested  modifications  (the  "Modification
                    Request  Notice")  on  or  before  the  45th  day  prior  to
                    termination of the then current term which;

         (2)        If the modifications  specified in the Modifications Request
                    Notice are  accepted  in writing by the other Party prior to
                    expiration  of the  then  current  term,  the  Modifications
                    Request  Notice shall be deemed a written  amendment to this
                    Agreement,  effective as of the first day of the new renewal
                    term;

         (3)        If the Party  receiving  the  Modifications  Request  Notice
                    finds  the  proposed  modifications  unacceptable,   it  may
                    initiate negotiations to reach compromise modifications with
                    the Party providing the Modifications  Request Notice, which
                    must be concluded  and  reflected in a written  amendment to
                    this  Agreement  prior to the end of the then current  term,
                    failing which,  the provisions of Section  1.2(B)(4) will be
                    deemed in effect;

<PAGE>

         (4)        If the modifications  specified in the Modifications Request
                    Notice are not  accepted in writing by the other Party prior
                    to expiration of the then current  term,  the  Modifications
                    Request Notice shall be deemed a Notice of  Termination  and
                    this  Agreement  will  expire  effective  as of the close of
                    business on the last day of the then current term.

1.3      Earlier Termination.

         AmeriCom shall have the right to terminate this Agreement  prior to the
expiration of its Term or of any renewals thereof:

(a)      For Cause:

         (1)        AmeriCom may terminate the Employee's  employment under this
                    Agreement at any time for cause.

         (2)        Such  termination  shall  be  evidenced  by  written  notice
                    thereof to the  Employee,  which  notice  shall  specify the
                    cause for termination.

         (3)        For purposes hereof, the term "cause" shall mean:

                  (A)    The  inability  of the  Employee,  through  sickness or
                    other  incapacity,   to  discharge  his  duties  under  this
                    Agreement for ten or more consecutive days or for a total of
                    30 or more days in a period of twelve consecutive months;

                  (B)    The failure of the Employee to abide by the  individual
                    performance  plan  formulated  by the  Employee's  immediate
                    supervisor;

                  (C)   Dishonesty;  theft;  insubordination or conviction of a
                    crime;

                  (D)    Material  default in the  performance of the Employee's
                    obligations,   services  or  duties   required   under  this
                    Agreement  (other than due to illness) or material breach of
                    any provision of this Agreement, which default or breach has
                    not been completely remedied within three days after written
                    notice of such default or breach.

(b)      Deterioration or Discontinuance of Business:

         (1)        In the event that  AmeriCom  experiences  material  business
                    reversals  or  fails  to  meet  the   operational   criteria
                    reflected in its projections or business plans, then, at the
                    option of AmeriCom,  this Agreement  shall terminate as of a
                    date  selected by AmeriCom with the same force and effect as
                    if such date was the date  originally set as the termination
                    date hereof.

         (2)        In  the  event  that  AmeriCom  discontinues  operating  its
                    business,  this Agreement shall terminate as of the last day
                    of the  month  on which it  ceases  operation  with the same
                    force  and  effect  as if such  last day of the  month  were
                    originally  set as the  termination  date hereof;  provided,
                    however,  that a  reorganization  of  AmeriCom  shall not be
                    deemed a termination of its business.

<PAGE>

(c)      Death:

         This  Agreement  shall  terminate  immediately  on  the  death  of  the
Employee;  however, all accrued compensation at such time shall be promptly paid
to the Employee's estate.

1.4      Severance Payments and Alternatives to Termination

         In the event this  Agreement is  terminated  for reasons other than for
cause as described in Section  1.3(b) above,  the Employee  shall be entitled to
either ten days prior written notice or to a severance payment in a sum equal to
the salary  that would have been paid had ten days  prior  written  notice  been
provided; provided, however, that in lieu of termination,  AmeriCom may offer to
continue  this  Agreement  under  modified  compensation  arrangements,  if such
arrangements  are  reflected in the written  notice and accepted by the Employee
prior to the end of the ten day notice period.

1.5      Final Settlement.

         Upon termination of this Agreement, the Employee shall:

(a)       Immediately  tender to  AmeriCom  all  records,  manuals  and  written
     procedures,  as may be  desired  by it for  the  continued  conduct  of its
     business; and

(b)       Be  entitled  to  payment  of  all  accrued  but  theretofore   unpaid
     compensation and,  concurrently  with receipt thereof,  the Employee or the
     Employee's  representative  shall execute and deliver to AmeriCom on a form
     prepared  by  AmeriCom,  a release of all claims  except such claims as may
     have  been  submitted  pursuant  to the terms of this  Agreement  and which
     remain unpaid due to disputed amounts or otherwise.

                                   Article Two
                               Scope of Employment

2.1      Retention.

         AmeriCom hereby hires the Employee and the Employee hereby accepts such
employment,  in accordance  with the terms,  provisions  and  conditions of this
Agreement.

2.2      General Description of Duties.

(a)       The Employee shall perform the duties  generally  described in exhibit
     2.2(a)  annexed  hereto  or  made a part  hereof,  as  well  as any  duties
     reasonably incidental thereto.

(b)       The  Employee  shall also  perform  such  reasonable  duties as may be
     directed  from  time  to time  by  AmeriCom's  board  of  directors  or the
     Employee's superior officers.

<PAGE>

2.3      Status.

(a)       The Employee shall serve as a commissioned  and salaried rather than a
     hourly employee of AmeriCom,  the Parties  acknowledging that the nature of
     the Employees'  services are marketing and sales,  managerial,  artistic or
     professional, rather than clerical, secretarial, or pertaining to custodial
     or maintenance services.

(b)       The Employee shall not be deemed an agent of AmeriCom and may not take
     any  actions  which  would be deemed  binding on  AmeriCom,  without  prior
     authorization  therefor  reflected in a written  resolution  of  AmeriCom's
     board of directors.

2.4      Exclusivity.

(a)       Unless  specifically  otherwise  authorized  by  AmeriCom's  board  of
     directors,  on a case by case  basis,  in  writing,  all of the  Employee's
     business time shall be devoted exclusively to the affairs of AmeriCom.

(b)       Without  limiting  the  generality  of  the  foregoing,  the  Employee
     covenants to perform the employment duties called for hereby in good faith,
     devoting  substantially  all business time,  energies and abilities thereto
     and will not engage in any other business or commercial  activities for any
     person or entity without the prior written consent of AmeriCom.

                                  Article Three
                                  Compensation

3.1      Compensation.

(a)       The compensation set forth in exhibit 3.1(a) annexed hereto and made a
     part hereof.

(b)       Incentive stock options complying with the requirements of Section 422
     of the Internal Revenue Code of 1986, as amended,  or successor  provisions
     thereto (the "Options"),  permitting the Employee to purchase shares of the
     common  stock  of  AmeriNet  Group.com,  Inc.,  a  publicly  held  Delaware
     corporation  with a class of securities  registered  under Section 12(g) of
     the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which
     holds of all of AmeriCom's capital stock and other securities ("AmeriNet"),
     that  AmeriNet  has  reserved for issuance to employees of AmeriNet and its
     subsidiaries,  including AmeriCom (the "Employee's Option Shares"),  on the
     terms and  subject  to the  conditions  set forth in  AmeriNet's  Year 2000
     Non-Qualified  &  Incentive  Stock  Option  Plan,  as  supplemented  by the
     specific personalizing provisions of exhibit 3.1(b) annexed hereto and made
     a part hereof.

3.2      Benefits.

         During the term of this Agreement,  the Employee shall also be entitled
to the benefits set forth in exhibit 3.2 annexed hereto and made a part hereof.

<PAGE>

3.3      Indemnification.
---      ---------------

         AmeriCom will defend, indemnify and hold the Employee harmless from all
liabilities,  suits,  judgments,  fines,  penalties or  disabilities,  including
expenses  associated   directly,   therewith  (e.g.  legal  fees,  court  costs,
investigative  costs,  witness fees, etc.) resulting from any reasonable actions
taken by him in good faith on behalf of AmeriCom,  its  affiliates  or for other
persons or entities at the request of the board of directors of AmeriCom, to the
fullest extent legally  permitted,  and in conjunction  therewith,  shall assure
that all required  expenditures  are made in a manner making it unnecessary  for
the Employee to incur any out of pocket expenses;  provided,  however,  that the
Employee  permits the majority  stockholders of AmeriCom to select and supervise
all personnel involved in such defense and that the Employee waive any conflicts
of  interest  that  such  personnel  may have as a result  of also  representing
AmeriCom,  its  stockholders or other personnel and agrees to hold them harmless
from any matters involving such representation,  except such as involve fraud or
bad faith.

                                  Article Four
                                Special Covenants

4.1      Confidentiality, Non-Circumvention and Non-Competition.

         During  the term of this  Agreement,  all  renewals  thereof  and for a
period of two years  after its  termination,  the  Employee  hereby  irrevocably
agrees to be bound by the following  restrictions,  which  constitute a material
inducement for AmeriCom's entry into this Agreement and for AmeriNet's agreement
to provide shares of its common stock as the securities underlying the Options:

(a)       Because the Employee will be developing  for AmeriCom,  making use of,
     acquiring and/or adding to, confidential  information of special and unique
     nature and value  relating to such  matters as  AmeriCom's  trade  secrets,
     systems,  procedures,  manuals,  confidential reports, personnel resources,
     strategic and tactical plans, advisors,  clients, investors and funders; as
     material  inducement  to the entry into this  Agreement  by  AmeriCom,  the
     Employee  hereby  covenants  and agrees not to personally  use,  divulge or
     disclose, for any purpose whatsoever,  directly or indirectly,  any of such
     confidential  information  during the term of this Agreement,  any renewals
     thereof, and for a period of two years after its termination.

(b)       The Employee hereby covenants and agrees to be bound as a fiduciary of
     AmeriCom,  as if the Employee were a partner in a partnership  bound by the
     partnership opportunities doctrine, as such concept has been judicially and
     legislatively developed in the State of Florida, and consequently,  without
     the prior written consent of AmeriCom,  on a specific,  case by case basis,
     the Employee shall not, among other things, directly or indirectly:

         (1)   Engage in any activities,  whether or not for profit, competitive
               with AmeriCom's business.

         (2)   Solicit or accept  any person  providing  services  to  AmeriCom,
               whether as an employee, consultant or independent contractor, for
               employment or provision of services.

         (3)   Induce any client or customer of AmeriCom to cease doing business
               with AmeriCom or to engage in business with any person engaged in
               business activities that compete with AmeriCom's business.

<PAGE>

         (4)   Divert  any  business  opportunity  within the  general  scope of
               AmeriCom's business and business capacity, to any other person or
               entity.

4.2      Special Remedies.

         In view of the  irreparable  harm and damage  which  would  undoubtedly
occur to AmeriCom as a result of a breach by the  Employee of the  covenants  or
agreements  contained  in this  Article  Four,  and in  view  of the  lack of an
adequate  remedy at law to protect  AmeriCom's  interests,  the Employee  hereby
covenants and agrees that AmeriCom  shall have the following  additional  rights
and remedies in the event of a breach hereof:

(a)       In addition to and not in limitation of any other rights,  remedies or
     damages  available  to AmeriCom,  whether at law or in equity,  it shall be
     entitled to a permanent  injunction  in order to prevent or to restrain any
     such  breach  by the  Employee,  or by  the  Employee's  partners,  agents,
     representatives,  servants, employers, employees, affiliates and/or any and
     all persons directly or indirectly  acting for or with him and the Employee
     hereby consents to the issuance of such a permanent injunction; and

(b)       Because it is  impossible to ascertain or estimate the entire or exact
     cost,  damage or injury which  AmeriCom may sustain  prior to the effective
     enforcement of such injunction, the Employee hereby covenants and agrees to
     pay over to AmeriCom,  in the event the employee violates the covenants and
     agreements contained in Section 4.2 hereof, the greater of:

         (1)      Any  payment  or  compensation  of any  kind  received  by the
                  Employee or by persons  affiliated  with or acting for or with
                  the Employee, because of such violation before the issuance of
                  such injunction, or

         (2)      The sum of One  Thousand  ($1,000.00)  Dollars per  violation,
                  which sum shall be liquidated damages,  and not a penalty, for
                  the  injuries  suffered  by  AmeriCom  as  a  result  of  such
                  violation,  the Parties hereto  agreeing that such  liquidated
                  damages are not intended as the exclusive  remedy available to
                  AmeriCom  for  any  breach  of the  covenants  and  agreements
                  contained in this Article Four,  prior to the issuance of such
                  injunction,  the Parties  recognizing  that the only  adequate
                  remedy to  protect  AmeriCom  from the  injury  caused by such
                  breaches would be injunctive relief.

4.3      Cumulative Remedies.

         The Employee hereby  irrevocably  agrees that the remedies described in
Section 4.2 shall be in addition to, and not in limitation of, any of the rights
or remedies to which  AmeriCom  is or may be entitled  to,  whether at law or in
equity, under or pursuant to this Agreement.

4.4      Acknowledgment of Reasonableness.

(a)       The Employee hereby represents,  warrants and acknowledges that having
     carefully  read and  considered  the  provisions of this Article Four,  the
     restrictions  set forth herein are fair and  reasonable  and are reasonably
     required for the  protection  of the  interests of AmeriCom,  its officers,
     directors and other employees;  consequently,  in the event that any of the
     above-described  restrictions  shall be held  unenforceable by any court of
     competent jurisdiction,  the Employee hereby covenants,  agrees and directs
     such court to substitute a reasonable judicially  enforceable limitation in
     place of any  limitation  deemed  unenforceable  and, the  Employee  hereby
     covenants and agrees that if so modified,  the covenants  contained in this
     Article  Four shall be as fully  enforceable  as if they had been set forth
     herein directly by the Parties.

<PAGE>

(b)       In  determining  the nature of this  limitation,  the Employee  hereby
     acknowledges,  covenants  and agrees  that it is the intent of the  Parties
     that a court  adjudicating a dispute arising  hereunder  recognize that the
     Parties desire that these covenants not to circumvent,  disclose or compete
     be imposed and maintained to the greatest extent possible.

4.5      Unauthorized Acts.

         The Employee  hereby  covenants  and agrees not do any act or incur any
obligation on behalf of AmeriCom  except as authorized by its board of directors
or by its stockholders pursuant to duly adopted stockholder action or reasonably
inferred therefrom.

                                  Article Five
                                  Miscellaneous

5.1      Notices.

(a)               (1) All  notices,  demands or other  communications  hereunder
                  shall be in writing,  and unless otherwise provided,  shall be
                  deemed to have been duly given on the first business day after
                  mailing  by  registered  or  certified  mail,  return  receipt
                  requested, postage prepaid, addressed as follows:

               To the Employee:  Marnie A. Vaughn; 1600 Tulane Street;  Orlando,
               Florida 32804;  Telephone  (407)  648-5990;  Fax (407)  ___-____;
               e-mail mvaughn@callthefirm.com

               To  AmeriCom:  AmeriNet  Communications,  Inc.;  Post  Office Box
               770787;  Ocala, Florida 34477; 7325 Southwest 32nd Street; Ocala,
               Florida 34474;  Telephone  (352)  861-1350;  Fax (352)  861-1339;
               e-mail thefirm@callthefirm.com;  Attention: George Franjola, Vice
               President, with a fax copy to

               AmeriNet  Group.com,  Inc.; The Crystal  Corporate  Center;  2500
               North Military  Trail,  Suite 225-C;  Boca Raton,  Florida 33431;
               Telephone  (561)  998-3435,  Fax  (561)  998-3425;   and,  e-mail
               larry@amerinetgroup.com;        Attention:
               Lawrence R. Van Etten, President; and

               AmeriNet  Group.com,  Inc.;  1941 Southeast 51st Terrace;  Ocala,
               Florida 34471;  Telephone (352) 694-9182; Fax (954) 694-1325; and
               e-mail  vanessa@atlantic.net;   Attention:  Vanessa  H.  Lindsey,
               Secretary.

         (2)   Copies of notices will also be provided to such other  address or
          to such other  person as any Party  shall  designate  to the other for
          such purpose in the manner hereinafter set forth.

<PAGE>

(b)      (1)   The  Parties  acknowledge  that The  Yankee  Companies,  Inc.,  a
               Florida  corporation  ("Yankees")  has acted as scrivener for the
               Parties  in this  transaction  and that  Yankees is neither a law
               firm nor an agency  subject  to any  professional  regulation  or
               oversight.

         (2)   Yankees  has  advised  all of the  Parties to retain  independent
               legal and  accounting  counsel to review this  Agreement on their
               behalf since it cannot provide any Party with legal advice.

         (3)   This  Agreement  shall not be  interpreted  more or less strictly
               against any Party based on its authorship.

5.2      Amendment.

(a)       No  modification,  waiver,  amendment,  discharge  or  change  of this
     Agreement  shall be valid  unless the same is in writing  and signed by the
     Party  against  which  the  enforcement  of  said   modification,   waiver,
     amendment, discharge or change is sought.

(b)       This  Agreement may not be modified  without the consent of a majority
     in interest of AmeriCom's stockholders.

5.3      Merger.

(a)       This instrument  contains all of the  understandings and agreements of
     the Parties with respect to the subject matter discussed herein.

(b)       All prior  agreements  whether  written or oral, are merged herein and
     shall be of no force or effect.

5.4      Survival.

         The several  representations,  warranties  and covenants of the Parties
contained  herein  shall  survive the  execution  hereof and shall be  effective
regardless of any investigation  that may have been made or may be made by or on
behalf of any Party.

5.5      Severability.

         If any provision or any portion of any provision of this Agreement,  or
the  application  of such  provision  or any  portion  thereof  to any person or
circumstance  shall be held invalid or unenforceable,  the remaining portions of
such provision and the remaining provisions of this Agreement or the application
of  such  provision  or  portion  of  such  provision  as  is  held  invalid  or
unenforceable to persons or  circumstances  other than those to which it is held
invalid or unenforceable, shall not be effected thereby.

5.6      Governing Law and Venue.

         This  Agreement  shall be construed in accordance  with the laws of the
State of Florida but any  proceeding  arising  between the Parties in any matter
pertaining or related to this Agreement  shall, to the extent  permitted by law,
be held in Broward County, Florida.

<PAGE>

5.7      Litigation.

(a)       In any action  between the Parties to enforce any of the terms of this
     Agreement or any other matter arising from this  Agreement,  the prevailing
     Party  shall be  entitled  to  recover  its costs and  expenses,  including
     reasonable attorneys' fees up to and including all negotiations, trials and
     appeals, whether or not litigation is initiated.

(b)       In the event of any  dispute  arising  under  this  Agreement,  or the
     negotiation thereof or inducements to enter into the Agreement, the dispute
     shall,  at the request of any Party,  be exclusively  resolved  through the
     following procedures:

         (1)      (A)    First, the issue shall be submitted to mediation before
                    a  mediation  service  in  Marion  County,  Florida,  to  be
                    selected by lot from six alternatives to be provided, two by
                    AmeriCom's majority stockholder,  two by AmeriCom and two by
                    the Employee.

                  (B)    The  mediation  efforts  shall be concluded  within ten
                    business  days after  their in  itiation  unless the Parties
                    unanimously agree to an extended mediation period.

         (2)      In the event that  mediation  does not lead to a resolution of
                  the  dispute  then at the  request of any Party,  the  Parties
                  shall  submit the  dispute to  binding  arbitration  before an
                  arbitration  service  located in Marion County,  Florida to be
                  selected by lot, from six alternatives to be provided,  two by
                  AmeriCom's  majority  stockholder,  two by AmeriCom and two by
                  the Employee.

         (3)      (A)    Expenses of mediation  shall be borne by  AmeriCom,  if
                    successful.

                  (B)    Expenses  of   mediation,   if   unsuccessful   and  of
                    arbitration  shall be borne by the Party or Parties  against
                    whom the arbitration decision is rendered.

                  (C)    If the terms of the arbitral  award do not  establish a
                    prevailing   Party,   then  the  expenses  of   unsuccessful
                    mediation  and  arbitration  shall be borne  equally  by the
                    Parties.

5.8      Benefit of Agreement.

(a)  This  Agreement  may not be  assigned  by the  Employee  without  the prior
     written consent of AmeriCom.

(b)  Subject to the  restrictions on  transferability  and assignment  contained
     herein,  the terms and provisions of this  Agreement  shall be binding upon
     and  inure  to the  benefit  of the  Parties,  their  successors,  assigns,
     personal representative, estate, heirs and legatees.

5.9      Captions.

         The captions in this Agreement are for  convenience  and reference only
and in no way define,  describe,  extend or limit the scope of this Agreement or
the intent of any provisions hereof.

<PAGE>

5.10     Number and Gender.

         All pronouns and any variations thereof shall be deemed to refer to the
masculine, feminine, neuter, singular or plural, as the identity of the Party or
Parties, or their personal representatives, successors and assigns may require.

5.11     Further Assurances.

         The Parties  hereby agree to do,  execute,  acknowledge  and deliver or
cause to be done,  executed or acknowledged or delivered and to perform all such
acts and deliver all such deeds, assignments,  transfers, conveyances, powers of
attorney, assurances, recipes, records and other documents, as may, from time to
time, be required herein to effect the intent and purposes of this Agreement.

5.12     Status.

         Nothing in this  Agreement  shall be  construed  or shall  constitute a
partnership, joint venture, agency, or lessor-lessee relationship;  but, rather,
the relationship established hereby is that of employer-employee in AmeriCom.

5.13     Counterparts.

(a)      This Agreement may be executed in any number of counterparts.

(b)       Execution  by  exchange  of  facsimile  transmission  shall be  deemed
     legally sufficient to bind the signatory;  however,  the Parties shall, for
     aesthetic  purposes,  prepare a fully  executed  original  version  of this
     Agreement,  which  shall be the  document  filed  with the  Securities  and
     Exchange Commission.

5.14     License.

(a)       This  Agreement  is the  property of Yankees and the use hereof by the
     Parties is authorized hereby solely for purposes of this transaction.

(b)       The use of this form of agreement or of any derivation thereof without
     Yankees' prior written permission is prohibited.

          In  Witness  Whereof,   the  Parties  have  executed  this  Agreement,
     effective as of the last date set forth below.

Signed, Sealed & Delivered
         In Our Presence
                                                       The Employee
--------------------------

--------------------------                         --------------------------
                                                      Marnie A. Vaughn
Dated:   October __, 2000

   ____________________________

<PAGE>

                                                  AmeriNet Communications, Inc.
                                                      a Florida corporation.
--------------------------

__________________________                By:      ___________________________
                                                Lawrence R. Van Etten, President
(CORPORATE SEAL)
                                           Attest:  __________________________
                                                  Vanessa H. Lindsey, Secretary
Dated:   October___, 2000

<PAGE>

                                 Exhibit 2.2(a)
                          General Description of Duties

(A)      Illustration of Services to be Provided

         The Employee shall serve as AmeriCom's vice president, client services,
         and shall perform the following duties:

         (1)   (a)  Recruitment,  training and  supervision of all of AmeriCom's
                    sales marketing personnel, subject to such parameters as may
                    be  established  from  time to time by  AmeriCom's  board of
                    directors, president and vice president for human resources;

               (b)  Develop  and  monitor  local  sales   marketing   plans  for
                    AmeriCom's  sales  personnel,  consistent with the marketing
                    plan  and  objectives  established  from  time  to  time  by
                    AmeriCom's board of directors and president;

                (c) Identification,   recruitment   and  servicing  of  business
                    accounts  for AmeriCom in all areas that  AmeriCom  provides
                    services,  including,  without limitation,  media placement,
                    cable  leased   access,   advertising,   marketing,   public
                    relations, video and audio production, artistic design, copy
                    writing,  web design and Internet  related  applications and
                    performing  such other related  functions as are assigned by
                    AmeriCom's  board of  directors,  in each  case  subject  to
                    compliance   with  all   applicable   laws   and   fiduciary
                    obligations;

                (d) Availability   to  consult  with  the  board  of  directors,
                    officers,   employees  and  representatives  and  agents  of
                    AmeriCom at  reasonable  times  concerning  its duties under
                    this  Agreement  and in  order  to  assure  that  AmeriCom's
                    records  and   information   concerning   its  Client's  are
                    accurate, complete and current; and

                (e) Establishment  and  maintenance  of  contacting   AmeriCom's
                    clients  on a regular  basis to insure the  client's  active
                    participation and ongoing involvement with AmeriCom.

                (f) Coordination   between   AmeriCom's   clients  and  AmeriCom
                    personnel to insure  harmonious  working  relationships  and
                    assistance  in resolving  problems or disputes  AmeriCom may
                    have with any clients.

                (g) Meeting the sales parameters and objectives  established for
                    the Employee by AmeriCom.

         (2)      The  Employee  shall also be subject to  AmeriCom's  generally
                  applicable rules and regulations  governing the conduct of its
                  employees,   current   copies  of  which  will  be  posted  on
                  AmeriCom's employees' information website.

(B)      Termination of Client Contact

         The Employee  shall  restrict or cease,  as directed by  AmeriCom,  all
         efforts on behalf of AmeriCom's clients, including all dissemination of
         information  regarding AmeriCom's clients,  immediately upon receipt of
         instructions  (in  writing  by fax  or  letter)  to  that  effect  from
         AmeriCom.

<PAGE>

(C)      Avoidance of Negative Activities

         The Employee shall not take any action which would in any way adversely
         affect the reputation,  standing or prospects of AmeriCom or AmeriCom's
         clients or which would cause AmeriCom or its clients to be in violation
         of applicable laws.

(D)      Representations & Warranties

         The Employee hereby  represents,  warrants,  acknowledges and covenants
that:

         (1)      He, she or it:

                  (a)      Is subject to no legal, self regulatory  organization
                           or  regulatory  impediments  to the  provision of the
                           services called for by this Agreement,  or to receipt
                           of the  compensation  called for under this Agreement
                           or any  supplements  thereto;  and, will  immediately
                           bring to the attention of AmeriCom any facts required
                           to make the  foregoing  representation  and  warranty
                           continuingly  accurate  throughout  the  term of this
                           Agreement, or any supplements or extensions thereof.

                  (b)(1) Has  and  will  have  access  to  certain  confidential
                    information  of  AmeriCom  and its  affiliates  that  may be
                    regulated by applicable  federal and state  securities  laws
                    such  as  the  Securities  Act  of  1933,  as  amended  (the
                    "Securities  Act") and the Securities  Exchange Act of 1934,
                    as amended (the "Exchange Act") because AmeriCom is a wholly
                    owned  subsidiary  of a public  company  subject  to Section
                    12(g) of the Exchange  Act,  including  restrictions  on the
                    release or use of "material inside information."

                     (2) Will  not,   during  the  term  of  this  Agreement  or
                    thereafter,  disclose,  without the prior written consent or
                    authorization  of AmeriCom,  any of such  information to any
                    person,  for  any  reason  or  purpose  whatsoever  and  the
                    Employee agrees that authorization or consent to disclose by
                    AmeriCom may be conditioned  upon the disclosure  being made
                    pursuant to a secrecy agreement, protection order, provision
                    of statute,  rule,  regulation or procedure  under which the
                    confidentiality  of the  information  is  maintained  in the
                    hands  of  the  person  to  whom  the  information  is to be
                    disclosed  or in  compliance  with the  terms of a  judicial
                    order or administrative process.

                     (2) In  rendering  his  services,  the  Employee  shall not
                    disclose  to any  third  party any  confidential  non-public
                    information   furnished   by  AmeriCom  or  its  clients  or
                    otherwise  obtained  by  him,  her  or it  with  respect  to
                    AmeriCom or its clients.

(E)      Duty of Loyalty and Conflicts Resolution

         The Employee's  primary duties shall be to AmeriCom and in the event of
         a conflict,  perceived or actual, between the Employee's obligations to
         AmeriCom and  AmeriCom's  clients,  the  Employee's  duties to AmeriCom
         shall be controlling.

<PAGE>

                                 Exhibit 3.1(a)
                                  Compensation

         The Employee shall be entitled to the following compensation:

A.       (1)   A commission,  payable monthly, subject to continuing annualizing
               adjustments as described below, equal to:

                  (a)      7.5% of media placement income generated  directly by
                           the Employee,  predicated on the assumption  that the
                           related media income received by AmeriCom constitutes
                           no  less  than  15% and  therefore  the  Employee  is
                           receiving  50% of the related  payments to  AmeriCom,
                           with any variations of such assumption resulting in a
                           pro rata  decrease  of the  percentage  to which  the
                           Employee  will  be  entitled  (the  "Media  Placement
                           Commissions"); and

                  (b)      10% of the gross  income  other than media  placement
                           income  (net of required  allocations  or payments to
                           third  parties)  that  the  Employee   generates  for
                           AmeriCom (the "General Commission").

                  (c)      An override equal to .75% of the commissions  paid to
                           members of her personal  sales staff by AmeriCom (the
                           "Override  Commission," the Override Commission,  the
                           Media Placement Commission and the General Commission
                           being   hereinafter   collectively   and  generically
                           referred to as the "Commission").

         (2)               (a) The  Commission  will be determined in accordance
                           with   generally   accepted   accounting   practices,
                           consistently  applied  ("GAAP")  and shall be payable
                           less the continuing annualizing adjustments described
                           below,  within ten business days after the end of the
                           month  during  which  AmeriCom  receives  the related
                           payments,   in  cleared   funds,   and  in  a  manner
                           permitting  AmeriCom to treat such  payments as fully
                           earned in accordance with GAAP.

                  (b)      The Commission  will be adjusted  within ten business
                           days  following the date that the audit of AmeriCom's
                           financial  statements for each fiscal year to correct
                           any miscalculations during the year.

         (3)      In addition to the Commissions, the Employee shall be entitled
                  to a  monthly  salary  in the sum of  $5,000  (the  "Salary"),
                  payable in equal bimonthly installments.

(B)      The Employee may also be entitled to additional incentive bonuses based
         on attainment of projections and goals  established by AmeriCom's board
         of  directors,  on such terms as may be  negotiated  by the Parties and
         documented in a written and signed supplement to this Agreement.

<PAGE>

                                 Exhibit 3.1(b)
                        Incentive Stock Option Provisions

         The  Employee  shall  receive  incentive  stock  options as governed by
Section 422 of the  Internal  Revenue  Code of 1986,  as amended  (the  "Code"),
permitting purchase of 25,000 shares of AmeriNet's common stock, $0.01 par value
at an  exercise  price of $0.475  per share (the price per share on the date the
terms of this Agreement were accepted by the Employee), subject to the following
conditions and requirements (the "Options"):

(A)      The  Employee's  rights to the Options  will vest only if the  Employee
         remains  in the  employ  of  AmeriCom,  AmeriNet  or  another  AmeriNet
         subsidiary for an uninterrupted period of one fiscal year following the
         date of the Agreement.

(B)      The Options will be  exercisable  for a period ending on the earlier of
         the final day of the third  fiscal year after  which they first  become
         vested or the 90th day after  termination of the Employee's  employment
         by AmeriCom,  all other terms pertaining to the Options being reflected
         in  AmeriNet's  Non-Qualified  Stock  Option  & Stock  Incentive  Plan,
         Effective as of March 8 , 2000 filed by AmeriNet with the United States
         Securities and Exchange Commission (the "Commission"),  a copy of which
         is maintained on the AmeriCom employees'  information website and which
         the Employee has downloaded and printed.

(C)               (1) Neither the  Options nor the shares of  AmeriNet's  common
                  stock issuable upon their exercise have been  registered  with
                  the Commission;  rather,  they have been issued in reliance on
                  the exemption from required  registration  provided by Section
                  4(2)  of  the   Securities   Act  of  1933,  as  amended  (the
                  "Securities Act").

         (2)      Consequently, neither the Options nor the underlying shares of
                  AmeriNet's  common  stock  may be  publicly  resold  except in
                  compliance with the requirements of Commission Rule 144 unless
                  they are hereafter registered with the Commission.

         (3)      Registration  on  Commission  Form  S-8 may be  available  for
                  registration of the shares of AmeriNet common stock underlying
                  the  Options  at the time they  become  exercisable;  however,
                  certain   factors   may  lead   AmeriNet   not  to  file  such
                  registration  statement,  such  as  agreements  with  funders,
                  underwriters  or market makers in AmeriNet's  securities,  the
                  unavailability  of  adequate   information,   the  failure  of
                  AmeriNet to  maintain  its status as an issuer with a class of
                  securities  registered  under Section 12(g) of the  Securities
                  Exchange Act of 1934, as amended (the "Exchange Act").

         (4)      In the event that AmeriNet does file a registration  statement
                  on Form S-8 the Options provided for by this Agreement will be
                  included if legally eligible.

(D)               (1) The Code provides  significant benefits involving taxation
                  for qualified incentive stock options;  however,  the benefits
                  are conditioned on compliance with requirements  pertaining to
                  the time that the AmeriNet  common stock must be held prior to
                  its  disposition,  the price that must be paid on exercise and
                  the term of the Options.

<PAGE>

         (2)      The Employee will be provided  access to publications by third
                  parties  that  explain such  requirements,  at the  Employee's
                  request,  but  should  rely on advice  provided  only from the
                  Employee's own legal, accounting and tax advisors.

<PAGE>

                                   Exhibit 3.2
                               Employee's Benefits

(A)      The Employee shall be entitled to the following  benefits,  starting as
         of the ninetieth day following the Employee's  first  association as an
         Employee  with  AmeriCom,  or with any  affiliate  of  AmeriCom  (e.g.,
         Lorilei Communications, Inc.):

         (1)   A $95 per month  allowance  towards  payment of health  insurance
               premiums under AmeriCom's health insurance plan;

         (2)   Forty hours of personal time on an annualized  basis,  vesting at
               the rate of four hours per month;

         (3)   Seven  paid  holidays  per  year,  including  religious  holidays
               selected by the Employee.

(B)      After  completion  of the first year  following  the  Employee's  first
         association  as an Employee  with  AmeriCom,  or with any  affiliate of
         AmeriCom,  forty hours of paid vacation time per year,  increased to 80
         hours of paid  vacation  time after  completion of the third year as an
         Employee with AmeriCom, or with any affiliate of AmeriCom.

         (1)      If deemed  appropriate  under the  circumstances by AmeriCom's
                  board  of  directors,   an  expense  allowance  in  an  amount
                  established from time to time by AmeriCom's board of directors
                  for traveling,  telephone and other direct  business  expenses
                  required in connection  with the performance of the Employee's
                  duties hereunder, the amount of the allowance being limited to
                  actual  expenditures  verified and  documented  as required by
                  AmeriCom for audit purposes, for tax deduction purposes and in
                  order  to  assure   compliance   with   applicable   laws  and
                  regulations;  provided  that,  without  the prior  consent  of
                  AmeriCom's stockholders, such expense allowance may not exceed
                  $250 during any  consecutive  30 day period.  Currently,  such
                  expense allowance has been set at the maximum $250 per month.

         (2)      The Employee  shall be entitled to receive all other  benefits
                  of  employment   generally  available  to  all  of  AmeriCom's
                  employees,  provided  that such benefits have been approved by
                  AmeriCom's   stockholders.   A  current   list  of   generally
                  applicable  benefits shall be posted on AmeriNet's  employees'
                  information website.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}]]