Document:

ESCROW AGREEMENT IN ACCORDANCE WITH RULE 419

                      UNDER THE SECURITIES ACT OF 1933

     ESCROW  AGREEMENT  dated as of February 28, 2001 (the  "Agreement")  by and
between  Profitcom.com,  Inc., a Delaware  corporation (the "Company") and Adams
Davis Co. (the "Escrow Agent") (collectively the "Parties" and, individually,  a
"Party").

    The Company,  through its President,  will sell in its public  offering (the
"Offering")  up to 1,000,000  units (the  "Units")  each Unit  consisting of one
share of common stock,  par value $.001 (the "Shares") one class A warrant,  one
class B  warrant,  one class C  warrant,  one  class D  warrant  and one class E
warrant.  (the "Warrants"),  as more fully described in the Company's definitive
Prospectus comprising part of the Company's  Registration Statement on Form SB-2
(the   "Registration   Statement")  under  the  Securities  Act  of  1933,  (the
"Securities Act") (File No. 333-30592) (the "Prospectus").

     The Company  desires that the Escrow  Agent  accept all offering  proceeds,
with no  deductions  for amounts  permitted to be released to the Company  under
Rule 419 to the  Securities  Act ("Rule 419"),  a copy of which rule is attached
hereto and made a part hereof, to be derived by the Company from the sale of the
Units (the "Offering  Proceeds"),  as well as the share and warrant certificates
representing  the Shares and Warrants,  which  constitute  the Units,  issued in
connection with the Offering, in escrow, to be held and disbursed as hereinafter
provided.

     NOW,  THEREFORE,  in  consideration  of the promises  and mutual  covenants
hereinafter set forth, the Parties agree as follows:

1.   Appointment of Escrow Agent.

     The Company hereby  appoints the Escrow Agent to act in accordance with and
subject to the terms of this Agreement; and the Escrow Agent hereby accepts such
appointment and will act in accordance with and subject to such terms.

2.   Deposit of Offering Proceeds and Share Certificates.

     Subject  to  Rule  419,  upon  the  Company's  receipt  and  acceptance  of
subscriptions and Offering  Proceeds,  the Company shall promptly deliver to the
Escrow Agent such checks in the aggregate amount of the Offering  Proceeds drawn
to the order of the Escrow Agent or, alternatively, in the event that checks are
drawn to the order of the  Company,  they shall be  endorsed  by the Company for
collection by the Escrow Agent and credited to the Escrow Account.

    All share and warrant  certificates  representing  the Shares and  Warrants,
respectively,  issued in connection with the Offering shall also be deposited by
the  Company  directly  into the Escrow  Account  promptly  upon  issuance.  The
identity of the purchasers of the securities  shall be included on the stock and
warrant certificates and other documents evidencing such securities.  Securities
held in the Escrow  Account are to remain as issued and  deposited  and shall be
held for the sole benefit of the  purchasers,  who shall have voting rights with
respect to securities held in their names.  No transfer or other  disposition of
securities held in the Escrow Account or any interest related to such securities
shall be permitted  other than by will or the laws of descent and  distribution,
or pursuant to a qualified  domestic  relations order as defined by the Internal
Revenue Code of 1986 as amended,  or Title 1 of the Employee  Retirement  Income
Security Act and the rules thereunder.

    Warrants held in the Escrow  Account may not be exercised  during the period
in which certificates representing the Warrants are held in the Escrow Account.

<PAGE>

3.   Disbursement of the Escrow Account.

     Upon  the  earlier  of  (i)  receipt  by  the  Escrow  Agent  of  a  signed
representation  from the Company to the Escrow Agent,  that the  requirements of
Rule  419  have  been  met,  and  consummation  of an  acquisition  meeting  the
requirements  of Rule 419 or (ii) written  notification  from the Company to the
Escrow  Agent to  deliver  the  Offering  Proceeds  to another  escrow  agent in
accordance with Paragraph 4 then, in such event, the Escrow Agent shall disburse
the Offering Proceeds (inclusive of any interest thereon) to the Company and the
securities to the purchasers or registered  holders  identified on the deposited
securities or deliver the Offering  Proceeds and securities to such other escrow
agent,  as the case may be,  whereupon  the Escrow Agent shall be released  from
further liability hereunder.

     Notwithstanding  the foregoing,  if the Company has not informed the Escrow
Agent  within  18 months  after the date of the  Prospects  in  writing  that an
acquisition meeting the requirements of Rule 419 has occurred, funds held in the
Escrow Account shall be returned by first class mail or equally prompt means pro
rata to the purchasers  and all  securities  held in the Escrow Account shall be
returned to the Company within five business days following that date.

4.   Concerning the Escrow Agent.

     The Escrow  Agent shall not be liable for any  actions  taken or omitted by
it, or any action suffered by it to be taken or omitted by it, in good faith and
in the exercise of its own best judgment, and may rely conclusively and shall be
protected  in acting  upon any order,  notice  demand,  certificate,  opinion or
advice of counsel  (including  counsel chosen by the Escrow  Agent),  statement,
instrument,  report or other paper or document (not only as to its due execution
and the validity and  effectiveness  of its provision,  but also as to the truth
and acceptability of any information therein contained) which is believed by the
Escrow Agent to be genuine and to be signed or presented by the proper person or
person.

     The Escrow Agent shall not be bound by any notice or demand, or any waiver,
modification,  termination or rescission of this Agreement unless evidenced by a
writing delivered to the Escrow Agent signed by the proper Party or Parties and,
if the duties or rights of the Escrow Agent are  affected,  unless it shall have
given its prior written consent thereto.

     The Escrow Agent shall not be responsible  for the sufficiency or accuracy,
the form of, or the execution validity,  value or genuineness of any document or
property  received,  held or delivered by it  hereunder,  or of any signature or
endorsement  thereon,  or for  any  lack  of  endorsement  thereon,  or for  any
description  therein, nor shall the Escrow Agent be responsible or liable in any
respect on account of the identity,  authority or rights of the person executing
or  delivering or purporting to execute or deliver any document or property paid
or delivered by the Escrow Agent under the provisions hereof.

<PAGE>

     The Escrow  Agent shall not be liable for any loss which may be incurred by
reason of any investment of any monies or properties  which it holds  hereunder.
The  Escrow  Agent  shall have the right to  assume,  in the  absence of written
notice to the  contrary  from the proper  person or  persons,  that a fact or an
event by reason of which an action  would or might be taken by the Escrow  Agent
does not exist or has not occurred,  without incurring  liability for any action
taken or omitted, in good faith and in the exercise of its own best judgment, in
reliance upon such assumption.

     The Escrow Agent shall be indemnified and held harmless by the Company from
and against any  expenses,  including  counsel fees and  disbursements,  or loss
suffered  by the  Escrow  Agent in  connection  with any  action,  suit or other
proceeding involving any claim, or in connection with any claim or demand, which
in any way directly or  indirectly  arises out of or relates to this  Agreement,
the services of the Escrow Agent hereunder, the monies or other property held by
it  hereunder  or any such  expense or loss.  Promptly  after the receipt by the
Escrow Agent of notice of any demand or claim or the commencement of any action,
suit or proceeding,  the Escrow Agent shall, if a claim in respect thereof shall
be made  against  the other  Parties,  notify such  Parties in writing;  but the
failure by the Escrow Agent to give such notice shall not relieve any Party form
any liability which such Party may have to the Escrow Agent hereunder.  Upon the
receipt of such notice,  the Escrow Agent, in its sole discretion,  may commence
an action in the nature of  interpleader  in an  appropriate  court to determine
ownership  or  disposition  of the Escrow  Account or it may  deposit the Escrow
Account  with the clerk of any  appropriate  court or it may  retain  the Escrow
Account  pending  receipt  of a final,  non-appealable  order of a court  having
jurisdiction  over  all  of  the  Parties  directing  to  whom  and  under  what
circumstances the Escrow Account is to be disbursed and delivered.

    The Escrow  Agent  shall be  entitled to  reasonable  compensation  from the
Company for all services rendered by it hereunder.

     From time to time on and after the date hereof,  the Company  shall deliver
or  cause to be  delivered  to the  Escrow  Agent  such  further  documents  and
instruments  and shall do or cause to be done such  further  acts as the  Escrow
Agent shall reasonably  request (it being understood that the Escrow Agent shall
have no  obligation  to make such  request)  to carry out more  effectively  the
provisions and purposes of this Agreement, to evidence compliance herewith or to
assure itself that it is protected in acting hereunder.

     The Escrow Agent may resign at any time and be  discharged  from its duties
as Escrow  Agent  hereunder by its giving the Company at least thirty (30) days'
prior written notice thereof. As soon as practicable after its resignation,  the
Escrow  Agent  shall turn over to a  successor  escrow  agent  appointed  by the
Company,  all  monies and  property  held  hereunder  upon  presentation  of the
document  appointing the new escrow agent and its acceptance  thereof. If no new
escrow agent is so appointed in the sixty (60) day period  following  the giving
of such notice of  resignation,  the Escrow Agent may deposit the Escrow Account
with any court it deems appropriate.

     The Escrow Agent shall resign and be  discharged  form its duties as Escrow
Agent hereunder if so requested in writing at any time by the Company, provided,
however,  that such  resignation  shall become effective only upon acceptance of
appointment  by a  successor  escrow  agent as provided  above.  Notwithstanding
anything  herein to the  contrary,  the Escrow Agent shall not be relieved  from
liability thereunder for its own gross negligence or its own willful misconduct.

<PAGE>

   5. Miscellaneous.

     This Agreement  shall for all purposes be deemed to be made under and shall
be construed in accordance with the internal laws of the State of Delaware.

     This Agreement contains the entire agreement of the Parties with respect to
the subject matter hereof and, except as expressly  provided herein,  may not be
changed or modified except by an instrument in writing signed by the Party to be
charged.

     The headings  contained in this  Agreement are for reference  purposes only
and shall not affect in any way the meaning or interpretation thereof.

     This  Agreement  shall be  binding  upon and  inure to the  benefit  of the
respective Parties and their legal representatives, successors and assigns.

     Any notice or other communication  required or which may be given hereunder
shall be in writing and either be delivered  personally or be mailed,  certified
or registered mail,  return receipt  requested,  postage  prepaid,  and shall be
deemed given when so delivered  personally or, if mailed, two (2) days after the
date of mailing.  The Parties may change the persons and  addresses to which the
notices or other  communications  are to be sent by giving written notice to any
such change in the manner provided herein for giving notice.

     WITNESS the execution of this Agreement as of the date first above written.

                             PROFITCOM.COM, INC.

                              By: /s/Dejan Mirkovic
                                 --------------------------
                                 Dejan Mirkovic, President

    This Escrow Agreement is accepted as of the 28th day of February, 2001.

        ADAMS DAVIS CO.

        By:  /s/Robert Cashman
            --------------------------
             Robert Cashman, PresidentSUBSCRIPTION AGREEMENT

     Agreement (this "Agreement"), made this ---- day of -------------,  2001 by
and between  PROFITCOM.COM,  INC. a Delaware  corporation  (the  "Company")  and
----------------------------------------------  ("Subscriber"). In consideration
of the mutual promises and covenants herein  contained,  the parties hereto (the
"Parties") agree as follows:

                                   ARTICLE I

                                 SUBSCRIPTION

1.01 Subscription  Offer.  Subject  to the terms and  conditions  hereof  and to
     acceptance by the Company,  the  Subscriber  hereby  irrevocably  offers to
     purchase ------------------ Units (the "Securities"),  each Unit consisting
     of one share of Common  Stock  and one  Class  "A"  Warrant,  one Class "B"
     Warrant,  one Class "C" Warrant,  one Class "D" Warrant,  and one Class "E"
     Warrant at a purchase price of $.05 per Unit, for a total purchase price of
     $-------------------.  The price is  payable  in full by check  payable  to
     "Adams Davis Co. on behalf of  Profitcom.com,  Inc." or by wire transfer or
     money order.

1.02 Acceptance of  Subscription.  The Company  reserves the right to reject the
     Subscriber's  offer in whole or in part,  for any  reason,  and to allocate
     less than the maximum number of Securities the Subscriber  hereby offers to
     purchase.  Any sale of Securities to the Subscriber  shall not be deemed to
     occur until the  Subscribers'  offer is accepted in writing by the Company.
     The  Subscriber  shall  not have any  recourse  against  the  Company  if a
     purchase  offer  is  rejected  in  whole  or in  part.  The  Company  shall
     reasonably notify the Subscriber in writing of the acceptance of a purchase
     offer.  If the offer is  rejected  in whole or in part,  the  Company  will
     promptly return to the Subscriber,  without deduction or interest, all or a
     ratable  portion of the  subscription  price,  as the case may be, together
     with all executed  documents  tendered by the  Subscriber.  If the purchase
     offer is rejected in part only, the Subscriber shall immediately  complete,
     execute,  and  deliver to the Company new  subscription  documents  for the
     appropriate reduced amount.

1.03 Escrow of Funds and  Certificate and Restriction on Transfer of Securities.
     The Securities have been  registered  under the Securities Act of 1933 (the
     "1933 Act") pursuant to Rule 419 thereto.

     Rule 419 requires that before the Securities  can be released,  the Company
must first  execute an  agreement  to acquire a  business.  The  agreement  must
provide for the  acquisition of a business or assets for which the fair value of
the business represents at least 80% of the maximum offering proceeds, including
funds to be received from the exercise of warrants.

     Once the  acquisition  agreement has been  executed,  Rule 419 requires the
Company to update the registration  statement with a  post-effective  amendment.
The post-effective amendment must contain information about:

--   the proposed  acquisition  candidate  and its business,  including  audited
     financial statements;

<PAGE>

--   the results of the offering; and

--   the use of the funds disbursed from the escrow account.

     The   post-effective   amendment   must  also  include  the  terms  of  the
reconfirmation offering.

     The reconfirmation  offer must commence within five business days after the
effective  date of the  post-effective  amendment and must include the following
conditions:

--   the prospectus  contained in the  post-effective  amendment will be sent to
     each  Subscriber  within five business days after the effective date of the
     post-effective amendment;

--   each  Subscriber  will have no fewer than 20, and no more than 45, business
     days from the effective date of the post-effective  amendment to notify the
     Company in writing that he or she elects to remain a Subscriber;

--   if the Company does not receive  written  notification  from any Subscriber
     within 45 business  days  following the effective  date,  the  Subscriber's
     escrowed  securities  will be returned to the Company and the  Subscriber's
     escrowed funds to the Subscriber;

--   unless Subscribers  representing 80% of the maximum offering proceeds elect
     to remain  Subscribers,  the  acquisition  of the target  business would be
     prevented,  deposited  securities  held in escrow  will be  returned to the
     Company and the funds to the Subscribers; and

--   if a  consummated  acquisition  has not occurred  within 18 months from the
     date  of this  prospectus,  the  deposited  securities  held in the  escrow
     account will be returned to the Company and the funds to the Subscribers.

     The Securities  may be released to  Subscribers  after the escrow agent has
received  a  signed  representation  from the  Company  and any  other  evidence
acceptable by the escrow agent that:

--   the Company has executed an agreement for the acquisition of a business for
     which  the value of the  business  represents  at least 80% of the  maximum
     offering  proceeds  and the Company has filed the  required  post-effective
     amendment;

--   the post-effective amendment has been declared effective;

--   the reconfirmation offer has been completed;

--   the  Company  has  satisfied  all  of  the  prescribed  conditions  of  the
     reconfirmation offer; and

--   the  acquisition of the business with the fair value of at least 80% of the
     maximum proceeds has been consummated.

                                      2

<PAGE>

                                  ARTICLE II

                        REPRESENTATIONS AND WARRANTIES

2.01 Status of Subscriber.  The  Subscriber,  if an  individual,  is at least 21
     years of age. If an  association,  each individual of the association is at
     least 21 years of age.

2.02 Access to Information.  Because of the  Subscriber's  business or financial
     experience or his professional  advisors who are unaffiliated  with and who
     are  not  compensated  by  the  Company,  or  any  affiliate  thereof,  the
     Subscriber has the capacity to protect his own interests in connection with
     the offer and sale of the Securities.

     The   Subscriber   represents  has  received  and  retained  the  Company's
prospectus  (the  "Prospectus")  and  has  carefully  read  and  understood  it,
particularly the section entitled "Risk Factors."

2.03 Understanding of Investment Risks. The Subscriber understands that there is
     no market for the  Securities  and no assurance that a market will develop,
     and that  realization  of the  objectives  of the  Company  is  subject  to
     significant economic and business risks as set forth in the Prospectus.

2.04 Residence of the  Subscriber.  The  residence of the  Subscriber  set forth
     below is the true and correct  residence of Subscriber  and the  Subscriber
     has no present intention of becoming a resident of domiciliary of any other
     state, country, or jurisdiction.

2.05 Further  Assurance.  Subscriber will execute and deliver to the Company any
     document,  or do any other act or thing,  which the Company may  reasonably
     request in connection with the acquisition of the Securities.

2.06 Ability to Bear Economic Risk.  The Subscriber is an "accredited  investor"
     as defined  in rules to the 1933 Act or is  otherwise  qualified  under the
     jurisdiction of the  Subscriber's  residence to make this  investment.  The
     Subscriber  is able to  bear  the  economic  risk of an  investment  in the
     Securities  and  to  maintain  the  investment  in  the  Securities  for an
     indefinite  period of time,  and,  further,  could bear a total loss of the
     investment and not change the Subscriber's standard of living which existed
     at the time of the investment.

2.07 For  Partnership,  Corporations,  Trusts  or Other  Entities  Only.  If the
     Subscriber is a partnership, corporation, trust, or other entity:

     The   Subscriber   has  the  full  power  and  authority  to  execute  this
subscription  Agreement on behalf of the entity and to make the  representations
and warranties  made herein on its behalf and this investment in the Company has
been  affirmatively  authorized by the governing  board of the entity and is not
prohibited by the governing documents of the entity.

                                      3

<PAGE>

2.08 For Residents of British Columbia Only.

     (a)  The  Company is a  non-reporting  company and a private  issuer  under
          applicable laws and regulations of British Columbia and the Securities
          to be issued upon acceptance of this Subscription will be issued as an
          exempt trade, based upon the relationship  between the Company and the
          Subscriber.  The  Subscriber  is  aware  that no  prospectus  has been
          prepared or filed by the Company with the British Columbia  Securities
          Commission in connection  with the issuance of the Securities and that
          as a result:

          (i)  the  Subscriber  may be  restricted  from using some of the civil
               remedies  available  under certain  British  Columbia  securities
               statutes, rules or regulations;

          (ii) the Subscriber may not receive  information  that would otherwise
               be required to be provided to a subscriber  under certain British
               Columbia securities statutes, rules or regulations; and

          (iii)the Company is relieved  from certain  obligations  and reporting
               requirements  that would  otherwise  apply under certain  British
               Columbia securities statutes, rules and regulations.

     (b)  The Subscriber is either a relative, close personal friend or business
          associate of an officer or director of the Company; or is a person who
          through prior  business or investment  dealings or other  associations
          with the Company and its  principals  has common  bonds of interest or
          association  with the  Company  and its  principals;  or is an  entity
          controlled by any such a person;

     (c)  The  Subscriber  is an  investor  who, by virtue of his or her own net
          worth and investment experience, is able to evaluate the merits of and
          risks associated with the Securities as an investment;

     (d)  the Subscriber is purchasing  the  Securities for investment  only and
          for the  Subscriber's own account and not with a view to any resale or
          distribution  thereof and it is able and prepared to bear the economic
          risk of investing in and holding the Securities indefinitely;

     (e)  the Subscriber is aware that there is no current market for the Shares
          and that the ability to sell such Securities is severely restricted by
          applicable securities legislation;

                                      4

<PAGE>

     (f)  the   Subscriber   will  duly   complete,   execute  and  deliver  all
          documentation as may be required by applicable securities legislation;

     (g)  the  Subscriber's  decision to enter into this  Agreement and purchase
          the  Securities  has not been  made in  reliance  upon any  investment
          advice, or oral or written representation as to fact or otherwise made
          by or on behalf of the Company or any other person;

     (h)  to the Subscriber's  knowledge,  the Securities were not advertised in
          printed  media of  general  and  regular  paid  circulation,  radio or
          television;

     (i)  no  person   has  made  to  the   Subscriber   any   written  or  oral
          representations:

          (i)  that any person will resell or repurchase the Shares;

          (ii) that any person will refund the purchase price of the Shares;

          (iii) as to the future price or value of the Shares; or

          (iv) that the  Shares  will be listed  and  posted  for  trading on an
               exchange or that  application  has been made to list and post the
               Shares for trading on an exchange;

     (j)  the Subscriber has been advised to consult  his/her/its  own legal and
          tax  advisors  with  respect to  applicable  resale  restrictions  and
          applicable tax considerations and the Subscriber is solely responsible
          (and  the  Company  is in no  way  responsible)  for  compliance  with
          applicable resale restrictions and applicable tax legislation.

                                  ARTICLE III

                           MISCELLANEOUS PROVISIONS

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

3.02 Entire Agreement; Amendment. This Agreement states the entire agreement and
     understanding  of the Parties and shall supersede all prior  agreements and
     understandings.  No  amendment of the  Agreement  shall be made without the
     express written consent of the Parties.

3.03 Severability.   The  invalidity  or   unenforceability  of  any  particular
     provision of this Agreement  shall not affect any other  provision  hereof,
     which  shall  be   construed   in  all  respects  as  if  such  invalid  or
     unenforceable provision were omitted.

3.04 Governing  Law.  This  Agreement  shall be  governed  by and  construed  in
     accordance with the laws of the State of Delaware for contracts made and to
     be performed within the State of Delaware.

                                      5

<PAGE>

3.05 Notices. All notices, requests, demands, consents, and other communications
     hereunder  shall be transmitted in writing and shall be deemed to have been
     duly given when  hand-delivered or sent by certified mail, postage prepaid,
     with return receipt requested,  addressed to the Parties as follows: to the
     Company, 6812 Bryant Street,  Burnaby,  British Columbia V5E 1S8 Canada and
     to the Subscriber,  at the address  indicated  below.  Any Party may change
     his/her/its  address  for  purposes  of this  Section  by giving  notice as
     provided herein.

     IN WITNESS  WHEREOF,  the Parties have executed this  Agreement the day and
year first above written.

                                   PROFITCOM.COM, INC.

 The Subscriber

----------------------              By:
----------------------                  ----------------------------
----------------------                    Authorized Officer
----------------------
 (Address)

<PAGE>

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