Document:

STOCK PURCHASE AGREEMENT

                                  by and between

                          AMERINET FINANCIAL SERVICES, INC.
                                a Nevada corporation

                                        and

                          JONES NAUGHTON ENTERTAINMENT, INC.
                               a Colorado corporation

<PAGE>

                             STOCK PURCHASE AGREEMENT

STOCK PURCHASE AGREEMENT ("Agreement"), dated August ___,
1996, by and among AmeriNet Financial Services, Inc., a Nevada
corporation (hereinafter called "ANFS") and Jones Naughton
Entertainment, Inc., a Colorado corporation (hereinafter called "JNE").

                               W I T N E S S E T H

WHEREAS, JNE desires to sell 1,000 shares of the common
stock (the "RETN Shares") of Real Estate Television Network, Inc., a
Nevada corporation ("RETN") to ANFS, consisting of 100% of the
issued and outstanding common stock of RETN, on the terms and
conditions set forth in this Stock Purchase Agreement (hereinafter
called "Agreement"); and

WHEREAS, ANFS desires to issue and sell an aggregate of
1,250,000 of its Series A Convertible Preferred Stock (the
"Preferred Stock") to JNE in consideration for the transfer of the
RETN Shares to ANFS on the terms and conditions set forth in this
Agreement;

NOW THEREFORE, in consideration of the premises and
respective mutual agreements, covenants, representations and
warranties herein contained, it is agreed between the parties hereto
as follows:

                                     ARTICLE 1.
                           SALE AND PURCHASE OF THE SHARES

1.  Sale of the RETN Shares.  At the date of the
signing of this Agreement as provided in Section 3.1 hereto (the
"Closing"), subject to the terms and conditions herein set forth,
and on the basis of the representations, warranties and agreements
herein contained, JNE shall sell to ANFS, and ANFS shall purchase
from JNE, the RETN shares.

2.  Sale of the ANFS Initial Preferred Shares.  At
the Closing, subject to the terms and conditions herein set forth,
and on the basis of the representations, warrants and agreements
herein contained, ANFS shall sell to JNE and JNE shall purchase from
ANFS, 1,000,000 shares of Series A Preferred Stock (the "Preferred
Stock") of ANFS (the "ANFS Initial Preferred Shares").  The
Preferred Stock shall be in accordance with the terms of that
certain Certificate of Designation of Series A Convertible Preferred
Stock, attached hereto as Exhibit A and incorporated herein by
reference.

3.  Sale of the ANFS Subsequent Preferred Shares.
On the date which is 180 days from the Closing, ANFS shall issue and
deliver to JNE an additional 250,000 shares of Preferred Stock
provided that (i) the Closing set forth herein shall have occurred
and (ii) RETN shall have sold and delivered not less than 10 real
estate satellite systems to new clients subsequent to the date of
Closing.

<PAGE>

4.  Instruments of Conveyance and Transfer.  At
the Closing, JNE shall deliver certificates representing 1,000
shares of RETN (100% of the issued and outstanding shares) to and
registered in ANFS's name, in form and substance satisfactory to
ANFS as shall be effective to vest in ANFS all right, title and
interest in and to all of the RETN Shares.  At the Closing, ANFS
shall deliver certificates representing 1,000,000 shares of
Preferred Stock to and registered in JNE's name, in form and
substance satisfactory to JNE as shall be effective to vest in JNE
all right, title and interest in and to all of the ANFS Initial
Preferred Shares.  At the date which is 180 days from the Closing,
and provided the conditions set forth in Section 1.3 have been
satisfied, ANFS shall deliver certificates representing 250,000
shares of Preferred Stock to and registered in JNE's name, in form
and substance satisfactory to JNE as shall be effective to vest in
JNE all right, title and interest in and to all of the ANFS
Subsequent Preferred Shares.

                                       ARTICLE  1.
                             REPRESENTATIONS AND WARRANTIES

5.  Representations and Warranties of JNE.  To
induce ANFS to enter into this Agreement and to consummate the
transactions contemplated hereby, JNE represents and warrants, as of
the date hereof and as of the Closing, as follows:

6.  Corporate Existence and Authority of JNE.  JNE
is a corporation duly organized, validly existing and in good
standing under the laws of the State of Colorado.  It has all
requisite corporate power, franchises, licenses, permits and
authority to own its properties and assets and to carry on its
business as it has been and is being conducted.  It is in good
standing in each state, nation or other jurisdiction in each state,
nation or other jurisdiction wherein the character of the business
transacted by it makes such qualification necessary.

7.  Corporate Existence and Authority of RETN.
RETN is a corporation duly organized, validly existing and in good
standing under the laws of the State of Nevada.  It has all
requisite corporate power, franchises, licenses, permits and
authority to own its properties and assets and to carry on its
business as it has been and is being conducted.  It is in good
standing in each state, nation or other jurisdiction in each state,
nation or other jurisdiction wherein the character of the business
transacted by it makes such qualification necessary.

8.  Capitalization of RETN.  The authorized equity
securities of RETN consists of ___________ shares of common stock,
of which 1,000 shares are issued and outstanding.  No other shares
of capital stock of RETN are issued and outstanding.  All of the
issued and outstanding shares have been duly and validly issued in
accordance and compliance with all applicable laws, rules and
regulations and are fully paid and nonassessable.  There are no
options, warrants, rights, calls, commitments, plans, contracts or
other agreements of any character granted or issued by RETN which
provide

<PAGE>

for the purchase, issuance or transfer of any shares of the
capital stock of RETN nor are there any outstanding securities
granted or issued by RETN that are convertible into any shares of
the equity securities of RETN, and none is authorized.   RETN is not
obligated or committed to purchase, redeem or otherwise acquire any
of its equity.  All presently exercisable voting rights in RETN are
vested exclusively in its outstanding shares of common stock, each
share of which is entitled to one vote on every matter to come
before it's shareholders, and other than as may be contemplated by
this Agreement, there are no voting trusts or other voting
arrangements with respect to any of RETN's equity securities.

9.  Subsidiaries.  "Subsidiary" or "Subsidiaries"
means all corporations, trusts, partnerships, associations, joint
ventures or other Persons, as defined below, of which a corporation
or any other Subsidiary of such corporation owns not less than
twenty percent (20%)of the voting securities or other equity or of
which such corporation or any other Subsidiary of such corporation
possesses, directly or indirectly, the power to direct or cause the
direction of the management and policies, whether through ownership
of voting shares, management contracts or otherwise.  "Person" means
any individual, corporation,trust, association, partnership,
proprietorship, joint venture or other entity.  There are no
Subsidiaries of RETN.

10.  Execution of Agreement.  The execution and
delivery of this Agreement does not, and the consummation of the
transactions contemplated hereby will not:  (a) violate, conflict
with, modify or cause any default under or acceleration of (or give
any party any right to declare any default or acceleration upon
notice or passage of time or both), in whole or in part, any
charter, article of incorporation, bylaw, mortgage, lien, deed of
trust, indenture, lease, agreement, instrument, order, injunction,
decree, judgment, law or any other restriction of any kind to which
either JNE or RETN is a party or by which either of them or any of
their properties are bound; (b) result in the creation of any
security interest, lien, encumbrance, adverse claim, proscription or
restriction on any property or asset (whether real, personal, mixed,
tangible or intangible), right, contract, agreement or business of
JNE or RETN; (c) violate any law, rule or regulation of any federal
or state regulatory agency; or (d) permit any federal or state
regulatory agency to impose any restrictions or limitations of any
nature on JNE or RETN or any of their respective actions.

11.  Taxes.

1  Except as set forth in Schedule 2.1.6, all taxes, assessments,
fees, penalties, interest and other governmental charges with
respect to RETN which have become due and payable on the date hereof
have been paid in full or adequately reserved against by RETN,
(including without limitation, income, property, sales, use,
franchise, capital stock, excise, added value, employees' income
withholding, social security and unemployment taxes), and all
interest and penalties thereon with respect to the periods then
ended and for all periods thereto;

<PAGE>

1 .1  Except as set forth in Schedule 2.1.6, there are
no agreements, waivers or other arrangements providing for an
extension of time with respect to the assessment of any tax or
deficiency against RETN, nor are there any actions, suits,
proceedings, investigations or claims now pending against RETN, nor
are there any actions, suits, proceedings, investigations or claims
now pending against RETN in respect of any tax or assessment, or any
matters under discussion with any federal, state, local or foreign
authority relating to any taxes or assessments, or any claims for
additional taxes or assessments asserted by any such authority, and
there is no basis for the assertion of any additional taxes or
assessments against RETN, and

1.2   The consummation of the transactions contemplated
by this Agreement will not result in the imposition of any
additional taxes on or assessments against RETN.

1.  Disputes and Litigation.  There is no suit,
action, litigation, proceeding, investigation, claim, complaint, or
accusation pending, threatened against or affecting RETN or any of
its properties, assets or business or to which RETN is a party, in
any court or before any arbitrator of any kind or before or by any
governmental agency (including, without limitation, any federal,
state, local, foreign or other governmental department, commission,
board, bureau, agency or instrumentality), and there is no basis for
such suit, action, litigation, proceeding, investigation, claim,
complaint, or accusation; (b) there is no pending or threatened
change in any environmental, zoning or building laws, regulations or
ordinances which affect or could affect RETN or any of its
properties, assets or businesses; and (c) there is no outstanding
order, writ, injunction, decree, judgment or award by any court,
arbitrator or governmental body against or affecting RETN or any of
its properties, assets or business.  There is no litigation,
proceeding, investigation, claim, complaint or accusation, formal or
informal, or arbitration pending, or any of the aforesaid
threatened, or any contingent liability which would give rise to any
right of indemnification or similar right on the part of any
director or officer of RETN or any such person's heirs, executors or
administrators as against RETN.

1.  Compliance with laws.  RETN has at all times
been, and presently is, in full compliance with, and has not
received notice of any claimed violation of, any applicable federal,
state, local, foreign and other laws, rules and regulations. RETN
has filed all returns, reports and other documents and furnished all
information required or requested by any federal, state, local or
foreign governmental agency and all such returns, reports, documents
and information are true and complete in all respects.  All permits,
licenses, orders, franchises and approvals of all federal, state,
local or foreign governmental or regulatory bodies required of RETN
for the conduct of its business have been obtained, no violations
are or have been recorded in respect of any such permits, licenses,
orders, franchises and approvals, and there is no litigation,
proceeding, investigation, arbitration, claim, complaint or
accusation, formal or informal, pending or

<PAGE>

threatened, which may revoke, limit, or question the validity, sufficiency
or continuance of any such permit, license, order, franchise or approval.
Such permits, licenses, orders, franchises and approvals are valid and
sufficient for all activities presently carried on by RETN.

2.  Guaranties.  RETN has not guaranteed any
dividend, obligation or indebtedness of any Person; nor has any
Person guaranteed any dividend, obligation or indebtedness of RETN.

3.   Books and Records.  RETN keeps its books,
records and accounts (including, without limitation, those kept for
financial reporting purposes and for tax purposes) in accordance
with good business practice and in sufficient detail to reflect the
transactions and dispositions of its assets, liabilities and
equities.  The minute books of the RETN contain records of its
shareholders' and directors' meetings and of action taken by such
shareholders and directors.  The meeting of directors and
shareholders referred to in such minute books were duly called and
held, and the resolutions appearing in such minute books were duly
adopted.  The signatures appearing on all documents contained in
such minute books are the true signatures of the persons purporting
to have signed the same.

4.  Representations and Warranties of ANFS.  To
induce JNE to enter into this Agreement and to consummate the
transactions contemplated hereby, ANFS represents and warrants, as
of the date hereof and as of the Closing, as follows:

5.  Corporate Existence and Authority of ANFS.
ANFS is a corporation duly organized, validly existing and in good
standing under the laws of the State of Nevada.  It has all
requisite corporate power, franchises, licenses, permits and
authority to own its properties and assets and to carry on its
business as it has been and is being conducted.  It is in good
standing in each state, nation or other jurisdiction in each state,
nation or other jurisdiction wherein the character of the business
transacted by it makes such qualification necessary.

6.  Capitalization of ANFS.  The authorized equity
securities of ANFS consists of           shares of common stock,
of which                 shares are issued and outstanding, and
10,000,000 shares of Preferred Stock, of which no shares are issued
and outstanding.  No other shares of capital stock of ANFS are
issued and outstanding.  All of the issued and outstanding shares
have been duly and validly issued in accordance and compliance with
all applicable laws, rules and regulations and are fully paid and
nonassessable.  Except as set forth in Schedule 2.2.2, there are no
options, warrants, rights, calls, commitments, plans, contracts or
other agreements of any character granted or issued by ANFS which
provide for the purchase, issuance or transfer of any shares of the
capital stock of ANFS nor are there any outstanding securities
granted or issued by ANFS that are convertible into any shares of
the equity securities of ANFS, and none is authorized.   Except as
set forth in Schedule 2.2.2, ANFS is not obligated or committed to
purchase, redeem or otherwise acquire any of its equity.  All
presently exercisable voting rights in ANFS are vested exclusively
in its outstanding

<PAGE>

shares of common stock, each share of which is
entitled to one vote on every matter to come before it's
shareholders, and other than as may be contemplated by this
Agreement, there are no voting trusts or other voting arrangements
with respect to any of ANFS's equity securities.

7.  Subsidiaries.  There are no Subsidiaries of ANFS.

8.  Execution of Agreement.  The execution and
delivery of this Agreement does not, and the consummation of the
transactions contemplated hereby will not:  (a) violate, conflict
with, modify or cause any default under or acceleration of (or give
any party any right to declare any default or acceleration upon
notice or passage of time or both), in whole or in part, any
charter, article of incorporation, bylaw, mortgage, lien, deed of
trust, indenture, lease, agreement, instrument, order, injunction,
decree, judgment, law or any other restriction of any kind to which
ANFS is a party or by which it or any of its properties are bound;
(b) result in the creation of any security interest, lien,
encumbrance, adverse claim, proscription or restriction on any
property or asset (whether real, personal, mixed, tangible or
intangible), right, contract, agreement or business of ANFS; (c)
violate any law, rule or regulation of any federal or state
regulatory agency; or (d) permit any federal or state regulatory
agency to impose any restrictions or limitations of any nature on
ANFS or any of its actions.

9.  Taxes.

 1   All taxes, assessments, fees, penalties, interest and other
governmental charges with respect to ANFS which have become due and
payable on the date hereof have been paid in full or adequately
reserved against by ANFS, (including without limitation, income,
property, sales, use, franchise, capital stock, excise, added value,
employees' income withholding, social security and unemployment
taxes), and all interest and penalties thereon with respect to the
periods then ended and for all periods thereto;

1 .1   There are no agreements, waivers or other
arrangements providing for an extension of time with respect to the
assessment of any tax or deficiency against ANFS, nor are there any
actions, suits, proceedings, investigations or claims now pending
against ANFS, nor are there any actions, suits, proceedings,
investigations or claims now pending against ANFS in respect of any
tax or assessment, or any matters under discussion with any federal,
state, local or foreign authority relating to any taxes or
assessments, or any claims for additional taxes or assessments
asserted by any such authority, and there is no basis for the
assertion of any additional taxes or assessments against ANFS, and

1 .2   The consummation of the transactions contemplated
by this Agreement will not result in the imposition of any
additional taxes on or assessments against ANFS.

<PAGE>

1.  Disputes and Litigation.  There is no suit, action,
litigation, proceeding, investigation, claim, complaint, or
accusation pending, threatened against or affecting ANFS or any of
its properties, assets or business or to which ANFS is a party, in
any court or before any arbitrator of any kind or before or by any
governmental agency (including, without limitation, any federal,
state, local, foreign or other governmental department, commission,
board, bureau, agency or instrumentality), and there is no basis for
such suit, action, litigation, proceeding, investigation, claim,
complaint, or accusation; (b) there is no pending or threatened
change in any environmental, zoning or building laws, regulations or
ordinances which affect or could affect ANFS or any of its
properties, assets or businesses; and (c) there is no outstanding
order, writ, injunction, decree, judgment or award by any court,
arbitrator or governmental body against or affecting ANFS or any of
its properties, assets or business.  There is no litigation,
proceeding, investigation, claim, complaint or accusation, formal or
informal, or arbitration pending, or any of the aforesaid
threatened, or any contingent liability which would give rise to any
right of indemnification or similar right on the part of any
director or officer of ANFS or any such person's heirs, executors or
administrators as against ANFS.

1.  Compliance with laws.  ANFS has at all times
been, and presently is, in full compliance with, and has not
received notice of any claimed violation of, any applicable federal,
state, local, foreign and other laws, rules and regulations. ANFS
has filed all returns, reports and other documents and furnished all
information required or requested by any federal, state, local or
foreign governmental agency and all such returns, reports, documents
and information are true and complete in all respects.  All permits,
licenses, orders, franchises and approvals of all federal, state,
local or foreign governmental or regulatory bodies required of ANFS
for the conduct of its business have been obtained, no violations
are or have been recorded in respect of any such permits, licenses,
orders, franchises and approvals, and there is no litigation,
proceeding, investigation, arbitration, claim, complaint or
accusation, formal or informal, pending or threatened, which may
revoke, limit, or question the validity, sufficiency or continuance
of any such permit, license, order, franchise or approval.  Such
permits, licenses, orders, franchises and approvals are valid and
sufficient for all activities presently carried on by ANFS.

2.  Guaranties.  ANFS has not guaranteed any
dividend, obligation or indebtedness of any Person; nor has any
Person guaranteed any dividend, obligation or indebtedness of ANFS.

3.  Books and Records.  ANFS keeps its books,
records and accounts (including, without limitation, those kept for
financial reporting purposes and for tax purposes) in accordance
with good business practice and in sufficient detail to reflect the
transactions and dispositions of its assets, liabilities and
equities.  The minute books of the ANFS contain records of its
shareholders' and directors' meetings and of action taken

<PAGE>

by such shareholders and directors.  The meeting of directors and
shareholders referred to in such minute books were duly called and
held, and the resolutions appearing in such minute books were duly
adopted.  The signatures appearing on all documents contained in
such minute books are the true signatures of the persons purporting
to have signed the same.

                                     ARTICLE  4.
                          CLOSING AND DELIVERY OF DOCUMENTS

5.  Closing.  The Closing shall be deemed to have occurred as of the
date of signing of this Agreement.  Subsequent to the signing, the following
shall occur as a single integrated transaction:

6.  Delivery by JNE:

(a) JNE shall deliver to ANFS the stock
certificates and all instruments of conveyance and transfer required
by Section 1.1.

(b) JNE shall deliver, or cause to be delivered,
to ANFS such instruments, documents and certificates as are required
to be delivered by JNE or its representatives pursuant to the
provisions of this Agreement.

7.  Delivery by ANFS:

(a) ANFS shall deliver to JNE the stock
certificates and all instruments of conveyance and transfer required
by Section 1.2.

(b) ANFS shall deliver, or cause to be delivered,
to JNE such instruments, documents and certificates as are required
to be delivered by ANFS or its representatives pursuant to the
provisions of this Agreement.

8.  Subsequent Delivery by ANFS:

(a) On the date which is 180 days from the
Closing, provided the conditions of Section 1.3 are satisified, ANFS
shall deliver to JNE the stock certificates and all instruments of
conveyance and transfer required by Section 1.3.

(b) ANFS shall deliver, or cause to be delivered,
to JNE such instruments, documents and certificates as are required
to be delivered by ANFS or its representatives pursuant to the
provisions of this Agreement.

                                     ARTICLE  9.
                          TERMINATION, AMENDMENT AND WAIVER

<PAGE>

10.  Termination.  Notwithstanding anything to the
contrary contained in this Agreement, this Agreement may be
terminated and the transactions contemplated hereby may be abandoned
at any time prior to the Closing by the mutual consent of all of the
parties;

11.  Waiver and Amendment.  Any term, provision,
covenant, representation, warranty or condition of this Agreement
may be waived, but only by a written instrument signed by the party
entitled to the benefits thereof.  The failure or delay of any party
at any time or times to require performance of any provision hereof
or to exercise its rights with respect to any provision hereof shall
in no manner operate as a waiver of or affect such party's right at
a later time to enforce the same.  No waiver by any party of any
condition, or of the breach of any term, provision, covenant,
representation or warranty contained in this Agreement, in any one
or more instances, shall be deemed to be or construed as a further
or continuing waiver of any such condition or breach or waiver of
any other condition or of the breach of any other term, provision,
covenant, representation or warranty.  No modification or amendment
of this Agreement shall be valid and binding unless it be in writing
and signed by all parties hereto.

                                     ARTICLE  12.
                                      COVENANTS

13.  To induce ANFS to enter into this Agreement
and to consummate the transactions contemplated hereby, and without
limiting any covenant, agreement, representation or warranty made
JNE covenants and agrees as follows:

14.  Notices and Approvals.  JNE agrees: (a) to give and
to cause RETN to give all notices to third parties which may be
necessary or deemed desirable by ANFS in connection with this
Agreement and the consummation of the transactions contemplated
hereby; (b) to use its best efforts to obtain and to cause RETN to
obtain, all federal and state governmental regulatory agency
approvals, consents, permit, authorizations, and orders necessary or
deemed desirable by ANFS in connection with this Agreement and the
consummation of the transaction contemplated hereby; and (c) to use
its best efforts to obtain, and to cause RETN to obtain, all
consents and authorizations of any other third parties necessary or
deemed desirable by ANFS in connection with this Agreement and the
consummation of the transactions contemplated hereby.

15.  Information for ANFS's Statements and Applications.
JNE and RETN and their employees, accountants and attorneys shall
cooperate fully with ANFS in the preparation of any statements or
applications made by ANFS to any federal or state governmental
regulatory agency in connection with this Agreement and the
transactions contemplated hereby and to furnish ANFS with all
information concerning JNE and RETN necessary or deemed desirable by
ANFS for inclusion in such statements and applications, including,
without limitation, all requisite financial statements and schedules.

<PAGE>

16. Access to Information.  ANFS, together with its
appropriate attorneys, agents and representatives, shall be
permitted to make the full and complete investigation of JNE and
RETN and have full access to all of the books and records of the
other during reasonable business hours.  Notwithstanding the
foregoing, such parties shall treat all such information as
confidential and shall not disclose such information without the
prior consent of the other.

17.  To induce JNE to enter into this Agreement and
to consummate the transactions contemplated hereby, and without
limiting any covenant, agreement, representation or warranty made
ANFS covenants and agrees as follows:

18. Consulting Agreement.  ANFS agrees that ANFS shall
enter into a consulting agreement with an entity to be determined by
JNE pursuant to which such entity shall receive compensation equal
to 250,000 free trading shares of common stock of ANSF for the
period specified in such agreement.

19. Access to Information.  JNE, together with its
appropriate attorneys, agents and representatives, shall be
permitted to make the full and complete investigation of ANFS and
have full access to all of the books and records of the other during
reasonable business hours.  Notwithstanding the foregoing, such
parties shall treat all such information as confidential and shall
not disclose such information without the prior consent of the other.

                                     ARTICLE  20.
                                    MISCELLANEOUS

21.  Expenses.  Except as otherwise specifically
provided for herein, whether or not the transactions contemplated
hereby are consummated, each of the parties hereto shall bear all
taxes of any nature (including, without limitation, income,
franchise, transfer and sales taxes) and all fees and expenses
relating to or arising from its compliance with the various
provisions of this Agreement and such party's covenants to be
performed hereunder, and except as otherwise specifically provided
for herein, each of the parties hereto agrees to pay all of its own
expenses (including, without limitation, attorneys and accountants'
fees and printing expenses) incurred in connection with this
Agreement, the transactions contemplated hereby, the negotiations
leading to the same and the preparations made for carrying the same
into effect, and all such taxes, fees and expenses of the parties
hereto shall be paid prior to Closing.

22.  Notices.  Any notice, request, instruction or
other document required by the terms of this Agreement, or deemed by
any of the parties hereto to be desirable, to be given to any other
party hereto shall be in writing and shall be given by prepaid
telegram or delivered or mailed by registered or certified mail,
postage prepaid, with return receipt requested, to the following
addresses:

TO ANFS:

<PAGE>

AmeriNet Financial Services, Inc.
3400 Inland Empire Blvd., Suite 205
Ontario, CA 91764
Attn: John J. Pembroke

TO JNE or RETN:

Jones Naughton Entertainment, Inc.
6255 Sunset Blvd., Suite 2000
Los Angeles, CA 90028
Attn:  Joe Naughton

with a copy to:

M. Richard Cutler
Cutler & Alami
610 Newport Center Drive, Suite 800
Newport Beach, CA 92660

The persons and addresses set forth above may be changed
from time to time by a notice sent as aforesaid.  If notice is given
by delivery in accordance with the provisions of this Section, said
notice shall be conclusively deemed given at the time of such
delivery.  If notice is given by mail in accordance with the
provisions of this Section, such notice shall be conclusively deemed
given forty-eight (48) hours after deposit thereof in the United
States mail.  If notice is given by telegraph in accordance with the
provisions of this Section, such notice shall be conclusively deemed
given at the time that the telegraphic agency shall confirm delivery
thereof to the addressee.

23.  Entire Agreement.  This Agreement, together
with the Schedule and exhibits hereto, sets forth the entire
agreement and understanding of the parties hereto with respect to
the transactions contemplated hereby, and supersedes all prior
agreements, arrangements and understandings related to the subject
matter hereof.  No understanding, promise, inducement, statement of
intention, representation, warranty, covenant or condition, written
or oral, express or implied, whether by statute or otherwise, has
been made by any party hereto which is not embodied in this
Agreement, or in the Schedule 1or exhibits hereto or the written
statements, certificates, or other documents delivered pursuant
hereto or in connection with the transactions contemplated hereby,
and no party hereto shall be bound by or liable for any alleged
understanding, promise, inducement, statement, representation,
warranty, covenant or condition not so set forth.

24.  Survival of Representations.  All statements
of fact (including financial statements) contained in the Schedule,
the exhibits, the certificates or any other instrument delivered by
or on behalf of the parties hereto, or in connection with the
transactions

<PAGE>

contemplated hereby, shall be deemed representations
and warranties by the respective party hereunder.  All
representation, warranties agreements and covenants hereunder shall
survive the Closing and remain effective regardless of any
investigation or audit at any time made by or on behalf of the
parties or of any information a party may have in respect thereto.
Consummation of the transactions contemplated hereby shall not be
deemed or construed to be a waiver of any right or remedy possessed
by any party hereto, notwithstanding that such party knew or should
have known at the time of Closing that such right or remedy existed.

25.  Incorporated by Reference.  The Schedule, the
exhibits and all documents (including, without limitation, all
financial statements) delivered as part hereof or incident hereto
are incorporated as a part of this Agreement by reference.

26. Remedies Cumulative.  No remedy herein
conferred upon Purchaser is intended to be exclusive of any other
remedy and each and every such remedy shall be cumulative and shall
be in addition to every other remedy given hereunder or now or
hereafter existing at law or in equity or by statute or otherwise.

27.  Execution of Additional Documents.  Each party
hereto shall make, execute, acknowledge and deliver such other
instruments and documents, and take all such other actions as may be
reasonably required in order to effectuate the purposes of this
Agreement and to consummate the transactions contemplated hereby.

28.  Finders' and Related Fees.  Each of the
parties hereto is responsible for, and shall indemnify the other
against, any claim by any third party to a fee, commission, bonus or
other remuneration arising by reason of any services alleged to have
been rendered to or at the instance of said party to this Agreement
with respect to this Agreement or to any of the transactions
contemplated hereby.

29.  Governing Law.  This Agreement has been
negotiated and executed in the State of California and shall be
construed and enforced in accordance with the laws of such state.

30.  Forum.  Each of the parties hereto agrees that
any action or suit which may be brought by any party hereto against
any other party hereto in connection with this Agreement or the
transactions contemplated hereby may be brought only in a federal or
state court in Orange County, California.

31.  Binding Effect and Assignment.  This Agreement
shall inure to the benefit of and be binding upon the parties hereto
and their respective heirs, executors, administrators, legal
representatives and assigns.

32.  Counterparts.  This Agreement may be executed
in counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument.  In
making proof of this Agreement, it shall not be necessary to produce
or account for more than one such counterpart.

<PAGE>

IN WITNESS WHEREOF, the parties hereto have executed this
Agreement, as of the date first written hereinabove.

AMERINET FINANCIAL SERVICES, INC., a
Nevada corporation  ("ANFS")

By:  /s/ John J. Pembroke
John J. Pembroke
Chairman and Chief Executive Officer

JONES NAUGHTON ENTERTAINMENT, INC.
a Colorado corporation  ("JNE")

By:  /s/ Joseph M. Naughton
Joseph M. Naughton
Chairman and Chief Executive OfficerESCROW AGREEMENT

THIS ESCROW AGREEMENT (the "Escrow Agreement") is entered
into as of this 12th day of February 1997 between JONES NAUGHTON
ENTERTAINMENT, INC., a Colorado corporation ("JNE"), AMERINET
FINANCIAL SYSTEMS, INC., a Florida corporation ("AFSI") and MRC
LEGAL SERVICES CORPORATION dba the Law offices of M. Richard Cutler,
Esq., as escrow agent (the "Escrow Agent").

                                   R E C I T A L S

A.  As of October 2, 1996 JNE, AFSI, ANFS, Inc. a
Delaware corporation ("ANFS")  and Real Estate Television Network,
Inc., a Nevada corporation ("RETN") entered into an Agreement and
Plan of Reorganization (the "Agreement") providing for the merger of
RETN with and into ANFS.  Unless otherwise set forth herein,
capitalized terms used herein shall have the meaning as set forth in
the Agreement; and

B.  In connection with the merger, AFSI would initially
issue to JNE up to an aggregate of 1,000,000 shares of AFSI Series A
Preferred Stock (the "AFSI Stock"), a total of 400,000 of which
would be subject to a "lock-up" agreement to be released to JNE upon
the occurrence of certain contingencies.  Up to an additional
400,000 shares of AFSI Series A Preferred Stock would be issued to
JNE upon the occurrence of certain contingencies.

C.  Although a closing of the transaction represented by
the Agreement has not yet occurred, the parties are desirous that
the certificates representing 100% of the issued and outstanding
capital stock of RETN (the "RETN Stock") and the certificates
representing the AFSI Stock be held and released in accordance with
the terms and conditions of this Escrow Agreement.  All other terms
and conditions of the Agreement shall remain in place and shall be
supplemented by, and not supplanted by, this Escrow Agreement.

D.  Escrow Agent has agreed to act as the escrow agent
hereunder, in accordance with the terms and conditions set forth in
this Escrow Agreement.

NOW THEREFORE, for and in consideration of the foregoing and
of the mutual covenants and agreements hereinafter set forth, the
parties hereto hereby agree as follows:

1.  Appointment of Escrow Agent.  AFSI and JNE
(collectively, the "Parties") hereby mutually appoint and designate
the Escrow Agent to receive, hold and release, as escrow agent, the
RETN Stock and the AFSI Stock, and the Escrow Agent hereby accepts
such appointment and designation.

2.  Escrow Delivery.  On or before February 14, 1997, JNE
shall deliver or cause to be delivered certificates representing the
RETN Stock to the Escrow Agent and AFSI shall deliver or cause to be
delivered certificates representing the AFSI Stock to the Escrow Agent.

3.  Conditions of Escrow.

<PAGE>

3.1  The Escrow Deposit.  Escrow Agent shall hold and
release the RETN Stock and the AFSI Stock as follows:

a.  Release of RETN Stock From Escrow.  Upon the occurrence of
any of the following events, the Escrow Agent shall (i) provide
notification to AFSI and JNE as set forth herein of the occurrence
of any such event and instruct AFSI to complete the filing of merger
documents of RETN with and into ANFS, and (ii) provided that the
Escrow Agent has not received an affidavit from AFSI or JNE,
notarized and signed under penalty of perjury, to the effect that
such an event has not occurred (in which case the Parties shall
proceed under Section 3.1(c) hereof), and upon the expiration of
five days from the date the notice is deemed given to AFSI and JNE
pursuant to Section 6 hereof, release and distribute the RETN Stock
as follows:

i.  to JNE or AFSI, as the case may be, pursuant to joint
written instructions executed by JNE and AFSI; or

ii.  to JNE or AFSI, as the case may be, pursuant to any
"final order" of a court of competent jurisdiction, any such order
being deemed to be "final" if (i) such order has not been reserved,
stayed, enjoined, set aside, annulled or suspended, (ii) no request
for a stay, suspension or an injunction, petition for
reconsideration or appeal, or sua sponte action with comparable
effect is pending with respect to the order, and (iii) the time for
filing any such request, petition or appeal or further taking of any
such sua sponte action has expired; or

iii.  to AFSI or ANFS upon the receipt by the Escrow Agent of
written notification from AFSI that it has received, after the date
hereof, a minimum of $1,500,000 (as net proceeds) in equity
financing, or upon the receipt by the Escrow Agent of other
documentary evidence of the receipt and acceptance by AFSI, after
the date hereof, of a minimum of $1,500,000 (as net proceeds) in
equity financing; or

iv. to AFSI or ANFS upon receipt of written notification
from AFSI that it has determined, in its sole discretion, that ANFS
and/or AFSI has adequate financing to fund the operations of RETN
(the "AFSI Option"); or

v.  to AFSI or ANFS on February 1, 1998.

b.  Release of AFSI Stock From Escrow.  Upon the
occurrence of any of the following events, the Escrow Agent shall
(i) provide notification to AFSI and JNE as set forth herein of the
occurrence of any such event and instruct AFSI to complete the
filing of merger documents of RETN with and into ANFS, and (ii)
provided that the Escrow Agent has not received an affidavit from
AFSI or JNE, notarized and signed under penalty of perjury, to the
effect that such an event has not occurred (in

<PAGE>

which case the Parties shall proceed under Section 3.1(c) hereof),
and upon the expiration of five days from the date the notice is
deemed given to AFSI and JNE pursuant to Section 6 hereof, release
and distribute the AFSI Stock as follows:

i.  to JNE or AFSI, as the case may be, pursuant to joint
written instructions executed by JNE and AFSI; or

ii. to JNE or AFSI, as the case may be, pursuant to any
"final order" of a court of competent jurisdiction, any such order
being deemed to be "final" if (i) such order has not been reserved,
stayed, enjoined, set aside, annulled or suspended, (ii) no request
for a stay, suspension or an injunction, petition for
reconsideration or appeal, or sua sponte action with comparable
effect is pending with respect to the order, and (iii) the time for
filing any such request, petition or appeal or further taking of any
such sua sponte action has expired; or

iii.  to JNE upon the receipt by the Escrow Agent of the
written notification referred to in Section 3.1(a)(iii) above, or
upon receipt of other documentary evidence of the receipt and
acceptance by AFSI, after the date hereof, of a minimum of
$1,500,000 (as net proceeds) in equity financing; or

iv. to JNE on February 1, 1998; or

v.  to JNE upon the exercise by AFSI or ANFS of the AFSI
Option as defined above.

c.  Conflicting Instructions.  If a bona fide controversy
arises between the Parties concerning the release of either the RETN
Stock of the AFSI Stock hereunder, they shall notify the Escrow
Agent.  In that event (unless the Escrow Agent determines in good
faith that a bona fide controvery does not exist) (or, in the
absence of such notification, if in the good faith judgment of the
Escrow Agent such a bona fide controversy exists), then,
notwithstanding any other provision hereof, the Escrow Agent shall
not resolve such controversy or take any action but shall be
required to await resolution of the controversy by joint
instructions from the Parties or by order of a court of competent
jurisdiction.  If a suit is commenced against the Escrow Agent, it
may answer by way of interpleader and name JNE, RETN, AFSI and/or
ANFS as additional parties to such action, and the Escrow Agent may
tender the RETN Stock and/or the AFSI Stock into such court for
determination of the respective rights, titles and interests of the
Parties.  Upon such tender, the Escrow Agent shall be entitled to
receive from the Parties its reasonable attorneys' fees and expenses
incurred in connection with said interpleader action or in any
related action or suit.  As between JNE and AFSI, such fees,
expenses and other sums shall be paid by the party which fails to
prevail in the proceedings brought to determine the appropriate
distribution of the RETN Stock or the AFSI Stock, as the case may
be.

<PAGE>

If and when the Escrow Agent shall so interplead such Parties,
or either of them, and deliver the RETN Stock and/or the AFSI Stock
to the clerk of such court, all of its duties hereunder shall cease,
and it shall have no further obligation in this regard.  Nothing
herein shall prejudice any right or remedy of the Escrow Agent.

4.  Concerning Escrow Agent

4.1  Duties.  Escrow Agent undertakes to perform all
duties which are expressly set forth herein; provided, however, that
the Escrow Agent shall not be required to make or be liable in any
manner for its failure to make any determination under the Agreement
or any other agreement, including whether any of JNE, AFSI and/or
ANFS is entitled to delivery of the RETN Stock and/or the AFSI Stock
under the Agreement.

4.2  Indemnification.

a.  Escrow Agent may rely upon and shall be protected in
acting or refraining from acting upon any written notice,
instructions or request furnished to it hereunder and reasonably
believed by it to be genuine and authorized.

b.  Escrow Agent shall not be liable for any action taken
by it in good faith and without gross negligence or wilful
misconduct, and believed by it to be authorized or within the rights
or powers conferred upon it by this Escrow Agreement, and may
consult with counsel of its own choice and shall have full and
complete authorization and protection for any action taken or
suffered by it hereunder in good faith and in accordance with the
opinion of such counsel.

c.  JNE and AFSI hereby jointly and severally agree to
indemnify the Escrow Agent for, and hold the Escrow Agent harmless
against, any loss, liability or expense incurred without gross
negligence or wilful misconduct or bad faith on the part of the
Escrow Agent, arising out of or in connection with the Escrow
Agent's entering into this Escrow Agreement and carrying out the
Escrow Agent's duties hereunder, including, without limitation,
costs and expenses of defending the Escrow Agent against any claim
or liability with respect thereto.

d.  Escrow Agent shall have no implied obligations or
responsibilities hereunder, nor shall it have any obligation or
responsibility to collect funds or seek the deposit of money or
property.

4.3  Other Matters.  Escrow Agent (and any successor
escrow agent or agents) reserves the right to resign as the Escrow
Agent at any time, provided fifteen (15) days' prior written notice
is given to the other parties hereto, and provided further that a
mutually acceptable successor escrow agent(s) agrees in writing to
serve as escrow agent hereunder within such fifteen (15)-day period.
 The Escrow Agent may petition any court in the State of California
having jurisdiction to designate a successor Escrow Agent.  The
resignation of the Escrow Agent (and any successor escrow agent or
agents) shall be effective only upon delivery of the RETN Stock
and/or the AFSI

<PAGE>

Stock, as the case may be, to the successor escrow
agent(s).  The Parties reserve the right to jointly remove the
Escrow Agent at any time, provided fifteen (15) days' prior written
notice is given to the Escrow Agent.  In the event of litigation or
dispute by the Parties in which the performance of the duties of the
Escrow Agent is at issue, the Escrow Agent shall take no action
until such action is agreed in writing by the Parties, or until
receipt of any final order by a court of competent jurisdiction
directing the Escrow Agent to take such action.

5.  Termination.  This Escrow Agreement shall be
terminated upon the release of the RETN Stock and the AFSI Stock in
accordance with the terms and conditions hereof, or otherwise by
written mutual consent signed by all parties hereto.

6.  Notice. All notices, demands, requests, or other
communications which may be or are required to be given, served or
sent by any party to any other party pursuant to this Escrow
Agreement shall be in writing and shall be hand delivered (including
delivery by courier) or mailed by first-class, registered or
certified mail, return receipt requested, postage prepaid, addressed
as follows:

IF TO JNE:

Jones Naughton Entertainment, Inc.
6255 Sunset Blvd., Suite 200
Los Angeles, CA 90028
Attn: Joe Naughton, President
Facsimile No.: 213-466-1892

IF TO AFSI:

AmeriNet Financial Systems, Inc.
3400 Inland Empire Blvd., Suite 205
Ontario, CA 91764
Attn: John Pembroke, President
Facsimile No.: 909-481-8446
With a copy to:

Alan S. Nopar, Esq.
AmeriNet Financial Systems, Inc.
2166 The Alameda
San Jose, CA 95126
Facsimile No.: 408-984-2689

IF TO THE ESCROW AGENT:

Law Offices of M. Richard Cutler, Esq.
610 Newport Center Drive, Suite 800
Newport Beach, CA 92660

<PAGE>

Attn: M. Richard Cutler, Esq.
Facsimile No.: 714-719-1988

or such other address as the addressee may indicate by written
notice to the other parties.  Each notice, demand, request or
communication which shall be given or made in the manner described
above shall be deemed sufficiently given or made for all purposes at
such time as it delivered to the addressee (with the return receipt,
the delivery receipt or the affidavit of messenger being deemed
conclusive but not exclusive evidence of such delivery) or at such
time as delivery is refused by the addressee upon presentation.

7.  Benefit and Assignment.  This Escrow Agreement shall
be binding upon and shall inure to the benefit of the parties hereto
and their respective successors and assigns as permitted hereunder.
No person or entity other than the parties hereto is or shall be
entitled to bring any action to enforce any provision in this Escrow
Agreement against any of the parties hereto, and the covenants and
agreements set forth in this Escrow Agreement shall be solely for
the benefit of, and shall be enforceable only by, the parties hereto
or their respective successors and assigns this Escrow Agreement or
any rights hereunder without the prior written consent of the
parties hereto.

8.  Entire Agreement; Amendment. This Escrow Agreement
contains the entire agreement among the parties with respect to the
subject matter hereof and supersedes all prior oral or written
agreements, commitments or understandings with respect to such
matters.  This Escrow Agreement may not be changed orally, but only
by an instrument in writing signed by the party against whom
enforcement of any waiver, change, modification, extension or
discharge is sought.

9.  Headings.  The headings of the sections and
subsections contained in this Escrow Agreement are inserted for
convenience only and do not form a part or affect the meaning,
construction or scope thereof.

10.  Governing Law; Venue.  This Escrow Agreement shall be
governed and constructed under and in accordance with the laws of
the State of California (but not including the conflicts of laws and
rules thereof).  For purposes of any action or proceeding involving
this Escrow Agreement each of the parties to this Escrow Agreement
expressly submits to the jurisdiction of the federal and state
courts located in the State of California and consents to the
service of any process or paper by registered mail or by personal
service within or without the State of California in accordance with
applicable law, provided a reasonable time for appearance is allowed.

11.  Signature in Counterparts.  This Escrow Agreement may
be executed in separate counterparts, none of which need contain the
signature of all parties, each of which shall be deemed to be an
original and all of which taken together constitute one and the same
instrument.  It shall not be necessary in making proof of this
Escrow Agreement to produce or account for more than the number of
counterparts containing the respective signatures of, or on behalf
of, all of the parties hereto.

12.  Attorney's Fees.  Should any action be commenced
between the parties to this Agreement concerning the matters set
forth in this Agreement or the right and duties of either in
relation thereto, the prevailing party in such action shall be
entitled, in addition to such other relief as may be granted, to a
reasonable sum as and for its Attorney's Fees and Costs.

13.  Fees and Expenses of Escrow Agent.  Except as may
otherwise be provided in Section 3(c) and 4.2 hereof,
notwithstanding any other provision hereof, all fees of the Escrow
Agent hereunder shall be paid by JNE except with respect to the
first $500 of such fees, which shall be borne equally as between JNE
and AFSI, and all out-of-pocket expenses of the Escrow Agent shall
be borne equally by JNE and AFSI.

IN WITNESS WHEREOF, each of the parties has caused this
Escrow Agreement to be duly executed and delivered in its name and
on its behalf, all as of the date and year first above written.

JONES NAUGHTON ENTERTAINMENT, INC.
a Colorado corporation ("JNE")

By:  /s/Joe Naughton
Joe Naughton, President

AMERINET FINANCIAL SYSTEMS, INC., a
Florida corporation ("AFSI")

By:  /s/John Pembroke
John Pembroke, President

MRC LEGAL SERVICES CORPORATION, a California corporation
dba The Law Offices of M. Richard Cutler, Esq. ("ESCROW AGENT")

By:  /s/M. Richard Cutler
M. Richard Cutler, President

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