Document:

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                                                                      EXHIBIT 4B

                         COMMON STOCK PURCHASE WARRANT

                           SHARES AGGREGATE EXERCISE

Date of Issuance: January 4, 2000                  Certificate No. W-0______

     For value received, IJNT.NET, INC., a Delaware corporation (the
"Company"), hereby grants to ______________________ or its registered assigns
(the "Registered Holder") the right to purchase from the Company ______________
(___________) shares of the Company's Common Stock, $0.001 par value ("Common
Stock") at $9.8792 per share (the "Exercise Price"). This Warrant is one of the
warrants to purchase Common Stock at the Exercise Price (collectively, the
"Warrants") issued to certain investors of the Company pursuant to the Common
Stock Purchase and Subscription Agreement between the Company and said investors
dated as of December 31, 1999 (the "Stock Purchase Agreement"). Certain
capitalized terms used herein are defined in Section 5 hereof. The amount and
kind of securities purchasable pursuant to the rights granted hereunder and the
purchase price for such securities are subject to adjustment pursuant to the
provisions contained in this Warrant.

This Warrant is subject to the following provisions:

Section 1.  Exercise of Warrant.
            -------------------

         IA. Exercise Period. The Registered Holder may exercise, in whole or in
             ---------------
part, the purchase rights represented by this Warrant at any time and from time
to time during the three (3) year period commencing with the Common Stock
Registration Date as defined in Section 5 hereof.

         1B. Exercise Procedure.
             ------------------

         (i) This Warrant shall be deemed to have been exercised when the
Company has received all of the following items (the "Exercise Time"):

             (a)  a completed Exercise Agreement, as described in paragraph
         1C below, executed by the Person exercising all or part of the purchase
         rights represented by this Warrant (the "Purchaser");

             (b)  this Warrant;

             (c)  if this Warrant is not registered in the name of the
         Purchaser, an Assignment or Assignments in the form set forth in
         Exhibit II hereto evidencing the assignment of this warrant to the
         Purchaser, in which case the Registered Holder shall have complied with
         the provisions set forth in Section 7 hereof; and
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               (d)  a check payable to the Company in an amount equal to the
         product of the Exercise Price multiplied by the number of shares of
         Common Stock being purchased upon such exercise (the "Aggregate
         Exercise Price").

         (ii) Certificates for shares of Common Stock purchased upon exercise of
this Warrant shall be delivered by the Company to the Purchaser promptly after
the date of the Exercise Time. Unless this Warrant has expired or all of the
purchase rights represented hereby have been exercised, the Company shall
prepare a new Warrant, substantially identical hereto, representing the rights
formerly represented by this Warrant which have not expired or been exercised
and shall promptly deliver such new Warrant to the Person designated for
delivery in the Exercise Agreement.

         (iii) The Common Stock issuable upon the exercise of this Warrant shall
be deemed to have been issued to the Purchaser at the Exercise Time, and the
Purchaser shall be deemed for all purposes to have become the record holder of
such Common Stock at the Exercise Time.

         (iv)  The issuance of certificates for shares of Common Stock upon
exercise of this Warrant shall be made without charge to the Registered Holder
or the Purchaser for any issuance tax in respect thereof or other cost incurred
by the Company in connection with such exercise and the related issuance of
shares of Common Stock. Each share of Common Stock issuable upon exercise of
this Warrant shall, upon payment of the Exercise Price therefor, be fully paid
and nonassessable and free from all liens and charges with respect to the
issuance thereof.

         (v)   The Company shall not close its books against the transfer of
this Warrant or of any share of Common Stock issued or issuable upon the
exercise of this Warrant in any manner which interferes with the timely exercise
of this Warrant. The Company shall from time to time take all such action as may
be necessary to assure that the par value per share of the unissued Common Stock
acquirable upon exercise of this Warrant is at all times equal to or less than
the Exercise Price then in effect.

         (vi)  The Company shall assist and cooperate with any Registered Holder
or Purchaser required to make any governmental filings or obtain any
governmental approvals prior to or in connection with any exercise of this
Warrant (including, without limitation, making any filings required to be made
by the Company), provided, however, that the Company shall not be required to
register any of the shares of Common Stock issued or issuable upon the exercise
of this Warrant under any federal, state or other applicable securities law
except as provided for in the Stock Purchase Agreement.

         (vii) Notwithstanding any other provision hereof, if an exercise of any
portion of this Warrant is to be made in connection with a public offering or
sale of the Company, the exercise of any portion of this Warrant may, at the
election of the holder hereof, be conditioned upon the consummation of the
public offering or sale of the Company in which case such exercise shall not be
deemed to be effective until the consummation of such transaction.

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          (viii) The Company shall at all times reserve and keep available out
of its authorized but unissued shares of Common Stock solely for the purpose of
issuance upon the exercise of the Warrants, such number of shares of Common
Stock issuable upon the exercise of all outstanding Warrants. All shares of
Common Stock which are so issuable shall, when issued, be duly and validly
issued, fully paid and nonassessable and free from all taxes, liens and charges.
The Company shall take all such actions as may be necessary to assure that all
such shares of Common Stock may be so issued without violation of any applicable
law or governmental regulation or any requirements of any domestic securities
exchange upon which shares of Common Stock may be listed (except for official
notice of issuance which shall be immediately delivered by the Company upon each
such issuance, if required).

          1C.    Exercise Agreement. Upon any exercise of this Warrant, the
                 ------------------
Exercise Agreement shall be substantially in the form set forth in Exhibit I
                                                                   ---------
hereto, except that if the shares of Common Stock are not to be issued in the
name of the Person in whose name this Warrant is registered, the Exercise
Agreement shall also state the name of the Person to whom the certificates for
the shares of Common Stock are to be issued, and if the number of shares of
Common Stock to be issued does not include all the shares of Common Stock
purchasable hereunder, it shall also state the name of the Person to whom a new
Warrant for the unexercised portion of the rights hereunder is to be delivered.
Such Exercise Agreement shall be dated the actual date of execution thereof.

          1D.    Fractional Shares. If a fractional share of Common Stock would
                 -----------------
be issuable upon exercise of the rights represented by this Warrant, the Company
may, at its option, issue a certificate including such fractional share pursuant
to Section 1B(ii).

          Section 2. Adjustment of Exercise Price and Number of Shares. In order
                     -------------------------------------------------
to prevent dilution of the rights granted under this Warrant, the Exercise Price
shall be subject to adjustment from time to time as provided in this Section 2,
and the number of shares of Common Stock obtainable upon exercise of this
Warrant shall be subject to adjustment from time to time as provided in this
Section 2.

          2A.    Subdivision or Combination of Common Stock. If the Company at
                 ------------------------------------------
any time after the Closing Date of the Stock Purchase Agreement (the "Exercise
Price Determination Date") subdivides (by any stock split, stock dividend,
recapitalization or otherwise) one or more classes of its outstanding shares of
Common Stock into a greater number of shares, the Exercise Price in effect
immediately prior to such subdivision shall be proportionately reduced and the
number of shares of Common Stock obtainable upon exercise of this Warrant shall
be proportionately increased. If the Company at any time after the Exercise
Price Determination Date combines (by reverse stock split or otherwise) one or
more classes of its outstanding shares of Common Stock into a smaller number of
shares, the Exercise Price in effect immediately prior to such combination shall
be proportionately increased and the number of shares of Common Stock obtainable
upon exercise of this Warrant shall be proportionately decreased.

          2B.    Reorganization, Reclassification, Consolidation, Merger or
                 ----------------------------------------------------------
Sale. Any recapitalization, reorganization, reclassification, consolidation,
----
merger, sale of all or substantially all of the Company's assets to another
Person or other transaction which is effected in such a way that

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holders of Common Stock are entitled to receive (either directly or upon
subsequent liquidation) stock, securities or assets with respect to or in
exchange for Common Stock is referred to herein as an "Organic Change." Prior to
or at the time of the consummation of any Organic Change, the Company shall make
appropriate provision to insure that each of the Registered Holders of the
Warrants shall thereafter have the right to acquire and receive in lieu of or
addition to (as the case may be) the shares of Common Stock immediately
theretofore acquirable and receivable upon the exercise of such holder's
Warrant, such shares of stock, securities or assets as may be issued or payable
with respect to or in exchange for the number of shares of Common Stock
immediately theretofore acquirable and receivable upon exercise of such holder's
Warrant had such Organic Change not taken place. In any such case, the Company
shall make appropriate provision with respect to such holders rights and
interests to insure that the provisions of this Section 2 and Sections 3 and 4
hereof shall thereafter be applicable to the Warrants. The Company shall not
effect any such Organic Change, unless prior to or at the time of the
consummation thereof, the successor entity (if other than the Company) resulting
from consolidation or merger or the corporation purchasing such assets assumes
by written instrument, the obligation to deliver to each such Registered Holder
such shares of stock, securities or assets as, in accordance with the foregoing
provisions, such Registered Holder may be entitled to acquire.

     2C.   Certain Events. If any event occurs of the type contemplated by the
           --------------
provisions of this Section 2 but not expressly provided for by such provisions,
then the Company's board of directors shall make an equitable adjustment in the
Exercise Price and the number of shares of Common Stock obtainable upon exercise
of this Warrant so as to protect the rights of the holders of the Warrants.

     2D.   Notices.
           -------

     (i)   Immediately upon any adjustment of the Exercise Price, the Company
shall give written notice thereof to the Registered Holder, setting forth in
reasonable detail and certifying the calculation of such adjustment.

     (ii)  The Company shall give written notice to the Registered Holder at
least 20 days prior to the date on which the Company closes its books or takes a
record (A) with respect to any dividend or distribution upon the Common Stock,
(B) with respect to any pro rata subscription offer to holders of Common Stock
or (C) for determining rights to vote with respect to any Organic Change,
dissolution or liquidation.

     (iii) The Company shall also give written notice to the Registered Holders
at least 20 days prior to the date on which any Organic Change, dissolution or
liquidation shall take place.

     Section 3. Liquidating Dividends. If the Company declares or pays a
                ---------------------
dividend upon the Common Stock payable otherwise than in cash out of earnings or
earned surplus (determined in accordance with generally accepted accounting
principles, consistently applied) except for a stock dividend payable in shares
of Common Stock or Common Stock (a "Liquidating Dividend"), then the Company
shall pay to the Registered Holder of this Warrant at the time of payment
thereof the Liquidating Dividend (less the Aggregate Exercise Price then unpaid)
which would have been

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paid to such Registered Holder on the Common Stock had this Warrant been fully
exercised immediately prior to the date on which a record is taken for such
Liquidating Dividend, or, if no record is taken, the date as of which the record
holders of Common Stock entitled to such dividends are to be determined. No
Liquidating Dividend shall be paid prior to the Exercise Price Determination
Date.

     Section 4. Purchase Rights. If at any time after the Exercise Price
                ---------------
Determination Date the Company grants, issues or sells any options, securities
convertible into or exercisable for stock or rights to purchase stock, warrants,
securities or other property pro rata to the record holders of any class of
Common Stock (the "Purchase Rights"), then the Registered Holder of this Warrant
shall be entitled to acquire, upon the terms applicable to such Purchase Rights,
the aggregate Purchase Rights which such holder could have acquired if such
holder had held the number of shares of Common Stock acquirable upon complete
exercise of this Warrant immediately before the date on which a record is taken
for the grant, issuance or sale of such Purchase Rights, or, if no such record
is taken, the date as of which the record holders of Common Stock are to be
determined for the grant, issue or sale of such Purchase Rights.

     Section 5. Definitions.  The following  terms have meanings set forth
                -----------
below:

     "Common Stock" means the Company's Common Stock, $0.001 par value, and
      ------------
any capital stock of any class of the Company hereafter authorized which is not
limited to a fixed sum or percentage of par or stated value in respect to the
rights of the holders thereof to participate in dividends or in the distribution
of assets upon any liquidation, dissolution or winding up of the Company.

     "Common Stock Registration Date" means the effective date, which shall
      ------------------------------
occur in no event later than one (1) year from the date of issuance of this
Warrant, of the Company's registration of the shares of its Common Stock
issuable upon the exercise of all of the Warrants as required under the Stock
Purchase Agreement.

     "Exercise Price Determination Date" shall have the meaning ascribed to
      ---------------------------------
it in Section 2 hereof.

     "Person" means an individual, a partnership, a joint venture, a
      ------
corporation, a trust, an unincorporated organization and a government or any
department or agency thereof.

     Section 6. No Voting Rights; Limitations of Liability. This Warrant
                ------------------------------------------
shall not entitle the holder hereof to any voting rights or other rights as a
stockholder of the Company. No provision hereof, in the absence of affirmative
action by the Registered Holder to purchase Common Stock, and no enumeration
herein of the rights or privileges of the Registered Holder shall give rise to
any liability of such holder for the Exercise Price of Common Stock acquirable
by exercise hereof or as a stockholder of the Company.

     Section 7. Warrant Transferable. Subject to the transfer conditions
                --------------------
referred to in the legend endorsed hereon, this Warrant and all rights hereunder
are transferable, in whole or in

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part, without charge to the Registered Holder, upon surrender of this Warrant
with a properly executed Assignment (in the form of Exhibit II hereto) at the
principal office of the Company.

         Section 8.  Warrant Exchangeable for Different Denominations. This
                     ------------------------------------------------
Warrant is exchangeable, upon the surrender hereof by the Registered Holder at
the principal office of the Company, for new Warrants of like tenor representing
in the aggregate the purchase rights hereunder and each of such new Warrants
shall represent such portion of such rights as is designated by the Registered
Holder at the time of such surrender. The date the Company initially issues this
Warrant shall be deemed to be the "Date of Issuance" hereof regardless of the
number of times new certificates representing the unexpired and unexercised
rights formerly represented by this Warrant shall be issued. All Warrants
representing portions of the rights hereunder are referred to herein as the
"Warrants."

         Section 9.  Replacement. Upon receipt of evidence reasonably
                     -----------
satisfactory to the Company (an affidavit of the Registered Holder shall be
satisfactory) of the ownership and the loss, theft, destruction or mutilation of
any certificate evidencing this warrant, and in the case of any such loss, theft
or destruction, upon receipt of indemnity reasonably satisfactory to the Company
(provided that if the holder is a financial institution or other institutional
investor its own agreement shall be satisfactory), or, in the case of any such
mutilation upon surrender of such certificate, the Company shall (at its
expense) execute and deliver in lieu of such certificate a new certificate of
like kind representing the same rights represented by such lost, stolen,
destroyed or mutilated certificate and dated the date of such lost, stolen,
destroyed or mutilated certificate.

         Section 10. Notices. Except as otherwise expressly provided herein, all
                     -------
notices referred to in this Warrant shall be in writing and shall be delivered
personally, sent by reputable express courier service (charges prepaid) or sent
by registered or certified mail, return receipt requested, postage prepaid and
shall be deemed to have been given when so delivered, sent or deposited in the
U.S. Mail (i) to the Company, at its principal executive offices, and (ii) to
the Registered Holder of this warrant, at such holder's address as it appears in
the records of the Company (unless otherwise indicated by any such holder).

         Section 11. Amendment and Waiver. Except as otherwise provided herein,
                     --------------------
the provisions of the Warrants may be amended and the Company may take any
action herein prohibited, or omit to perform any act herein required to be
performed by it, only if the Company has obtained the written consent of the
Registered Holders of Warrants representing at least two-thirds of the shares of
Common Stock obtainable upon exercise of the Warrants; provided that no such
action may change the Exercise Price of the Warrants or the number of shares or
class of stock obtainable upon exercise of each Warrant without the written
consent of the Registered Holders of Warrants representing at least 100% of the
shares of Common Stock obtainable upon exercise of the Warrants.

         Section 12. Descriptive Headings; Governing Law. The descriptive
                     -----------------------------------
headings of the several Sections and paragraphs of this Warrant are inserted for
convenience only and do not

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constitute a part of this Warrant. The construction, validity and interpretation
of this Warrant shall be governed by the internal law, and not the conflicts
law, of Delaware.

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     IN WITNESS WHEREOF, the Company has caused this Warrant to be signed
and attested by its duly authorized officers under its corporate seal and to be
dated the Date of Issuance hereof.

                                   IJNT.NET, INC.

                                   By _____________________________
                                        Mary E. Blake, President

[Corporate Seal]

Attest:

_________________________
Jeffrey Matsen, Secretary

                                       8<PAGE>

                                                                    EXHIBIT 10.1

                              PURCHASE AGREEMENT

     THIS PURCHASE AGREEMENT (the "Agreement") is made and entered into as of
the 12/th/ of January, 2000, by and between the following:

         E-NET FINANCIAL CORPORATION, a Nevada corporation (hereinafter "E-NET")

         and EMB CORPORATION, a Hawaii corporation (hereinafter "EMB").

                              W I T N E S S E T H
                              - - - - - - - - - -

     WHEREAS, subject to the terms and conditions of this Agreement, E-NET and
EMB desire for E-NET to purchase from EMB and for EMB to sell to E-NET certain
assets owned by EMB, including all the capital stock of various subsidiaries of
EMB, as more particularly described in Paragraph 2.1 of this Agreement
(hereinafter referred to as the "EMB Assets"), together with certain liabilities
of EMB which are associated with the EMB Assets; and

     WHEREAS, the Board of Directors of E-NET deems it desirable and in the best
interests of E-NET and its stockholders that E-NET purchase the EMB Assets in
consideration of the issuance by E-NET to EMB of Seven Million Five Hundred
Thousand (7,500,000) shares of E-NET common stock and cash in the amount of Four
Million Dollars ($4,000,000); and

     WHEREAS, the Board of Directors of EMB deems it desirable and in the best
interests of EMB and its stockholders that EMB sell the EMB Assets, which
constitute a minority portion of its assets, as determined by the fair market
value of all of its assets; and

     WHEREAS, the Board of Directors of E-NET and EMB may approve and adopt this
Agreement as a plan of reorganization within the meaning, and subject to the
provisions, of Section 368 and other applicable provisions of the Internal
Revenue Code of 1986, as amended; and

     WHEREAS, E-NET and EMB desire to provide for certain undertakings,
conditions, representations, warranties, and covenants in connection with the
transactions contemplated by this Agreement; and

     WHEREAS, the respective Boards of Directors of E-NET and EMB have approved
and adopted this Agreement, subject to the terms and conditions set forth
herein;

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

                                       1
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                                   SECTION 1

                                  DEFINITIONS
                                  -----------

     1.1  "Agreement," "E-NET", "EMB" and "EMB Assets", respectively, shall have
           ---------    -----    ---       ----------
the meanings defined on the cover page and in the foregoing preamble and
recitals to this Agreement.

     1.2  "Closing Date" shall mean 10:00 a.m., local time, June 1, 2000, at
           ------------
3200 Bristol Street, 8/th/ Floor, Costa Mesa, California 92626, the date on
which the parties hereto shall close the transactions contemplated herein;
provided that the parties can change the Closing Date and place of Closing to
such other time and place as the parties shall mutually agree, in writing, but,
in no event shall the Closing Date be sooner than five (5) days after the
effective date of the "Registration Statement" and the receipt by E-NET of the
"minimum net proceeds" as those terms are described in Paragraph 3.9 hereof.  As
of the Closing Date, all Exhibits to this Agreement shall be complete and
attached to this Agreement.

                                   SECTION 2

                 AGREEMENT FOR PURCHASE AND SALE OF EMB ASSETS
                 ---------------------------------------------

     2.1  Substantive Terms of the Purchase and Sale of EMB Assets.
          --------------------------------------------------------

          (a)  EMB shall sell and deliver to E-NET one hundred percent (100%) of
     the issued and outstanding capital stock of its wholly-owned, operating
     subsidiaries: AMERICAN RESIDENTIAL FUNDING, INC., a Nevada corporation
     (hereinafter "AMRES"), RESIDENTIAL MORTGAGE CORPORATION, a Nevada
     corporation (hereinafter "RMC") and BRAVO REAL ESTATE, INC., a California
     corporation (hereinafter "BRAVO") in a form enabling E-NET then and there
     to become the record and beneficial owner of said capital stock, as
     follows: with respect to AMRES, Four Thousand Thirty-Eight (4,038) shares;
     with respect to RMC, One Thousand Five Hundred (1,500) shares; and with
     respect to BRAVO, Ten Thousand (10,000) shares. The parties acknowledge
     that EMB may, at its sole and absolute option, without the approval of E-
     NET, remove the common stock of RMC from the definition of the EMB Assets
     by delivering five (5) days written notice to E-NET. In such event, EMB
     will be under no obligation to deliver the common stock of RMC to E-NET on
     the Closing Date. Moreover, all other terms and conditions of this
     Agreement shall remain unchanged and binding, in full force and effect,
     including, without limitation, the total agreed upon consideration to be
     paid by E-NET to EMB for the EMB Assets as set forth in this Agreement.

          (b)  EMB shall assign to E-NET all of its rights pursuant to that
     certain Letter of Intent dated June 9, 1999 (the "Titus Letter of Intent")
     by and between EMB and Titus Asset Management (hereinafter "TITUS")
     concerning the acquisition of TITUS by EMB. Prior to the Closing Date, and
     in accordance with the assignment to E-NET by EMB of its rights set forth
     in the TITUS Letter of Intent, the transaction contemplated thereby may be
     consummated. The documentation reflecting the acquisition of TITUS by E-NET
     (the "TITUS Acquisition Document") shall provide for a substitution of EMB
     in place of E-NET in the event that the transactions contemplated by this
     Agreement shall not close for any reason. Such substitution shall be on
     such terms as EMB, E-NET, and the relevant TITUS parties shall determine in
     the TITUS Acquisition Document, which shall be executed by all of such
     parties.

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          (c)  E-NET shall assume certain obligations and liabilities of EMB
     which are associated with the operations of the various subsidiaries being
     sold by EMB to E-NET as more fully described in the books and records of
     EMB and as set forth in Exhibit 4.9 hereto.

     2.2  Consideration Paid by E-NET.  E-NET shall deliver to EMB (a) seven
          ---------------------------
million five hundred thousand (7,500,000) shares of E-NET common stock, said
stock being registered with the Securities and Exchange Commission pursuant to
the registration requirements of the Securities Act of 1933, as amended, and
being in compliance with the registration requirements promulgated by the
various states as set forth in the Blue Sky laws of said states; and (b)
$4,000,000 in good funds.

                                   SECTION 3

                    REPRESENTATIONS AND WARRANTIES OF E-NET
                    ---------------------------------------

     E-NET, in order to induce EMB to execute this Agreement and to consummate
the transactions contemplated herein, represents and warrants to EMB, with the
understanding that all representations and warranties shall be deemed to include
E-NET as well as any subsidiaries of E-NET which may be in existence as of the
Closing Date taken as a whole, as follows:

     3.1  Organization and Qualification.  E-NET is a corporation duly
          ------------------------------
organized, validly existing, and in good standing under the laws of Nevada, with
all requisite power and authority to own its property and to carry on its
business as it is now being conducted. E-NET is duly qualified as a foreign
corporation and in good standing in each jurisdiction where the ownership,
lease, or operation of property or the conduct of business requires such
qualification, except where the failure to be in good standing or so qualified
would not have a material, adverse effect on the financial condition or business
of E-NET.

     3.2  Ownership of E-NET.  E-NET is authorized to issue two classes of stock
          ------------------
of up to 20,000,000 common shares, $.001 par value per share, and of up to
1,000,000 preferred shares, no par value per share.

     3.3  Authorization and Validity.  E-NET has the requisite power and is duly
          --------------------------
authorized to execute and deliver and to carry out the terms of this Agreement.
The board of directors and stockholders of E-NET have taken all action required
by law, its Articles of Incorporation and Bylaws, or otherwise to authorize the
execution and delivery of this Agreement and the consummation of the
transactions contemplated hereby, subject to the satisfaction or waiver of the
conditions precedent set forth in Section 8 of this Agreement. Assuming this
Agreement has been approved by all action necessary on the part of EMB, this
Agreement is a valid and binding agreement of E-NET.

     3.4  No Defaults.  E-NET is not in default under or in violation of any
          -----------
provision of its Articles of Incorporation or Bylaws. E-NET is not in default
under or in violation of any material provision of any indenture, mortgage, deed
of trust, lease, loan agreement, or other agreement or instrument to which it is
a party or by which it is bound or to which any of its is subject, if such
default would have a material, adverse effect on the financial condition or
business of E-NET. E-NET is not in

                                       3
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violation of any statute, law, ordinance, order, judgment, rule, regulation,
permit, franchise, or other approval or authorization of any court or
governmental agency or body having jurisdiction over it or any of its properties
which, if enforced, would have a material, adverse effect on the financial
condition or business of E-NET. Neither the execution and delivery of this
Agreement, nor the consummation of the transactions contemplated herein, will
conflict with or result in a breach of or constitute a default under any of the
foregoing or result in the creation of any lien, mortgage, pledge, charge, or
encumbrance upon any asset of E-NET and no consents or waivers thereunder are
required to be obtained in connection therewith in order to consummate the
transactions contemplated by this Agreement.

     3.5  Proprietary Rights.  E-NET owns or is duly licensed to use such
          ------------------
trademarks and copyrights as are necessary to conduct its business as presently
conducted.  The conduct of business by E-NET does not infringe upon the
trademarks or copyrights of any third party, if such infringement would have a
material, adverse effect upon the financial condition or business of E-NET.

     3.6  Books of Account and Reports; Internal Controls.
          -----------------------------------------------

          (a)  The books of account of E-NET accurately reflect in all material
     respects all of its items of income and expense, all of its assets,
     liabilities, and accruals, and are prepared and maintained in form and
     substance adequate for preparing audited financial statements, in
     accordance with generally accepted accounting procedures as historically
     and consistently applied by E-NET.  E-NET has accurately prepared and
     filed, or is currently preparing for filing, all reports required by any
     law or regulation to be filed by it, and it has duly paid or accrued on its
     books of account all applicable duties and charges due (or assessed against
     it) pursuant to such reports.

          (b)  E-NET has devised and maintained a system of internal accounting
     controls sufficient to provide reasonable assurances that transactions are
     recorded as necessary (i) to permit preparation of financial statements in
     conformity with generally accepted accounting principles and (ii) to
     maintain accountability for assets and expenses.

     3.7  Litigation.  There are no actions, suits, proceedings, orders,
          ----------
investigations, or claims pending or, to the knowledge of E-NET threatened
against or affecting E-NET at law or in equity, or before or by any governmental
department, commission, board, bureau, agency, or instrumentality, which, if
adversely determined, would materially and adversely affect the financial
condition of E-NET, or which seek to prohibit, restrict, or delay the
consummation of the transactions contemplated hereby. E-NET is not operating
under or subject to, or in default with respect to, any order, writ, injunction,
or decree of any court or federal, state, municipal, or other governmental
department, commission, board, agency, or instrumentality.

     3.8  Insurance.  E-NET has insurance against losses or damages and other
          ---------
risks in amounts and of a character usually insured against by companies in the
same or similar business.

     3.9  Registration Statement.  E-NET has filed with, and has had declared
          ----------------------
effective by, the Securities and Exchange Commission a Registration Statement
registering shares of its common stock, 7,500,000 of which shall constitute that
certain consideration described in Paragraph 2.2 hereof

                                       4
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and shall have sold sufficient registered shares of common stock to the public
such that E-NET shall have received net proceeds therefrom of not less than
$20,000,000.

     3.10 Documents.  The copies of all agreements and other instruments that
          ---------
have been delivered by E-NET to EMB are true, correct, and complete copies of
such agreements and instruments and include all amendments thereto.

     3.11 Disclosure.  The representations and warranties made by E-NET herein
          ----------
and in any schedule, statement, certificate, or document furnished or to be
furnished by E-NET to EMB pursuant to the provisions hereof or in connection
with the transactions contemplated hereby, taken as a whole, do not and will not
as of their respective dates contain any untrue statements of a material fact,
or omit to state a material fact necessary to make the statements made not
misleading.

                                   SECTION 4

                     REPRESENTATIONS AND WARRANTIES OF EMB
                     -------------------------------------

     EMB, in order to induce E-NET to execute this Agreement and to consummate
the transactions contemplated herein, represents and warrants to E-NET as
follows:

     4.1  EMB Status.  EMB is a corporation duly organized, validly existing,
          ----------
and in good standing under the laws of the state of Hawaii with all requisite
power and authority to own its property and assets and to carry on its business
as it is now being conducted.  Furthermore, EMB is qualified as a foreign
corporation and is in good standing in each jurisdiction where the ownership,
lease, or operation of property or the conduct of its business requires such
qualification except where the failure to be in good standing or so qualified
would not have a material, adverse effect on the financial condition and
business of EMB.

     4.2  Organization and Qualification. With regard to the EMB Assets, EMB
          ------------------------------
represents and warrants to E-NET as follows: (a) AMRES is a corporation duly
organized, validly existing, and in good standing under the laws of the state of
Nevada with all requisite power and authority to own its property and assets and
to carry on its business as it is now being conducted. AMRES is qualified as a
foreign corporation and is in good standing in each jurisdiction where the
ownership, lease, or operation of property or the conduct of its business
requires such qualification except where the failure to be in good standing or
so qualified would not have a material, adverse effect on the financial
condition and business of AMRES. (b) RMC is a corporation duly organized,
validly existing, and in good standing under the laws of the state of Nevada
with all requisite power and authority to own its property and assets and to
carry on its business as it is now being conducted. RMC is qualified as a
foreign corporation and is in good standing in each jurisdiction where the
ownership, lease, or operation of property or the conduct of its business
requires such qualification except where the failure to be in good standing or
so qualified would not have a material, adverse effect on the financial
condition and business of RMC. (c) BRAVO is a corporation duly organized,
validly existing, and in good standing under the laws of the state of California
with all requisite power and authority to own its property and assets and to
carry on its business. BRAVO is not currently conducting business.

                                       5
<PAGE>

     4.3  Ownership of EMB Assets.  (a)  AMRES is authorized to issue two
          -----------------------
classes of stock, of up to Five Thousand (5,000) shares of common stock, no par
value per share and of up to to Twenty Thousand (20,000) shares of preferred
stock, no par value per share.  At the date hereof, of such authorized shares,
Four Thousand Thirty-Eight (4,038) shares of common stock have been validly
issued and are outstanding, fully paid, and non-assessable, all of which are
owned of record and beneficially by EMB.  There are no options, warrants, or
other securities exercisable or convertible into or any calls, commitments, or
agreements of any kind relating to any unissued equity securities of AMRES.  (b)
RMC is authorized to issue two class of stock, of up to Five Thousand (5,000)
shares of common stock, no par value per share, and of up to Twenty Thousand
(20,000) shares of preferred stock, no par value.   At the date hereof, of such
authorized shares, one thousand five hundred (1,500) shares of common stock have
been validly issued and are outstanding, fully paid, and non-assessable, all of
which are owned of record and beneficially by EMB. There are no options,
warrants, or other securities exercisable or convertible into or any calls,
commitments, or agreements of any kind relating to any unissued equity
securities of RMC.  (c)  BRAVO is authorized to issue one class of stock, of up
to One Hundred Thousand (100,000) shares of common stock,  no par value per
share.   At the date hereof, of such authorized shares, ten thousand (10,000)
shares of common stock have been validly issued and are outstanding, fully paid,
and non-assessable, all of which are owned of record and beneficially by EMB.
There are no options, warrants, or other securities exercisable or convertible
into or any calls, commitments, or agreements of any kind relating to any
unissued equity securities of BRAVO.

     4.4  Validity.  EMB has the requisite power to execute and deliver and to
          --------
carry out the terms of this Agreement.  Assuming this Agreement has been
approved by all actions necessary on the part of E-NET, this Agreement is a
valid and binding agreement of EMB.

     4.5  Conduct and Transactions of EMB.  During its current fiscal year, EMB
          -------------------------------
conducted the operations of the subsidiaries constituting the EMB Assets in the
ordinary course of business, consistent with past practice and used its best
efforts to maintain and preserve its properties, key employees, and
relationships with customers and suppliers.  Without limiting the foregoing,
during such period EMB did not, with respect to each subsidiary constituting the
EMB Assets, i.e., AMRES, RMC and BRAVO:

          (a)  Incur any liabilities except to maintain its facilities and
     assets in the ordinary course of its business;

          (b)  Declare or pay any dividends on any shares of capital stock or
     make any other distribution of assets to the holders thereof;

          (c)  Issue, reissue, or sell, or issue options or rights to subscribe
     to, or enter into any contract or commitment to issue, reissue, or sell,
     any shares of capital stock or acquire or agree to acquire any shares of
     capital stock;

                                       6
<PAGE>

          (d)  Amend its respective Articles of Incorporation or Bylaws or merge
     or consolidate with or into any other corporation or sell all or
     substantially all of its assets or change in any manner the rights of its
     capital stock or other securities;

          (e)  Pay or incur any obligation or liability, direct or contingent,
     except in the ordinary course of its business;

          (f)  Incur any indebtedness for borrowed money, assume, guarantee,
     endorse, or otherwise become responsible for obligations of any other
     party, or make loans or advances to any other party except in the ordinary
     course of its business;

          (g)  Increase in any manner the compensation, direct or indirect, of
     any of its officers or executive employees, except as otherwise disclosed
     in Exhibit 4.5(g), hereto; or

          (h)  Make any capital expenditures except in the ordinary course of
     its business.

     4.6  Compensation Due Employees.  (a)  AMRES will not have any outstanding
          --------------------------
liability for payment of wages, payroll taxes, vacation pay (whether accrued or
otherwise), salaries, bonuses, pensions, contributions under any employee
benefit plans or other compensation, current or deferred, under any labor or
employment contracts, whether oral or written, based upon or accruing in respect
of those services of employees of AMRES that have been performed prior to the
Closing Date, except as specified on Exhibit 4.7 hereto.  On the Closing Date,
AMRES will not have any unfunded, contingent, or other liability under any
defined benefits plan or any other retirement or retirement-type plan, whether
such plan(s) are to continue or are thereupon terminated, except for the normal
on-going obligations for future contributions under such plan(s) not related,
generally or specifically, to the termination of such plan(s) or except as
specified on Exhibit 4.6 hereto.  (b) RMC will not have any outstanding
liability for payment of wages, payroll taxes, vacation pay (whether accrued or
otherwise), salaries, bonuses, pensions, contributions under any employee
benefit plans or other compensation, current or deferred, under any labor or
employment contracts, whether oral or written, based upon or accruing in respect
of those services of employees of RMC that have been performed prior to the
Closing Date, except as specified on Exhibit 4.7 hereto.  On the Closing Date,
RMC will not have any unfunded, contingent or other liability under any defined
benefits plan or any other retirement or retirement-type plan, whether such
plan(s) are to continue or are thereupon terminated, except for the normal on-
going obligations for future contributions under such plan(s) not related,
generally or specifically, to the termination of such plan(s) or except as
specified on Exhibit 4.6 hereto.  (c) BRAVO will not have any outstanding
liability for payment of wages, payroll taxes, vacation pay (whether accrued or
otherwise), salaries, bonuses, pensions, contributions under any employee
benefit plans or other compensation, current or deferred, under any labor or
employment contracts, whether oral or written, based upon or accruing in respect
of those services of employees of BRAVO that have been performed prior to the
Closing Date, except as specified on Exhibit 4.7 hereto.  On the Closing Date,
BRAVO will not have any unfunded, contingent or other liability under any
defined benefits plan or any other retirement or retirement-type plan, whether
such plan(s) are to continue or are thereupon terminated, except for the normal
on-going obligations for future contributions under such plan(s) not related,
generally or specifically, to the termination of such plan(s) or except as
specified on Exhibit 4.6 hereto.

                                       7
<PAGE>

     4.7  Union Agreements and Employment Agreements.  None of AMRES, RMC and
          ------------------------------------------
BRAVO is a party to any union agreement or any organized labor dispute.  None of
AMRES, RMC and BRAVO has any written or verbal employment agreements with any of
their respective employees, except as listed in Exhibit 4.7 hereto.

     4.8  Contracts and Leases.  Except as listed in Exhibit 4.8 hereto, none of
          --------------------
AMRES, RMC and BRAVO is a party to any written or oral leases, commitments, or
any other agreements.  On the Closing Date, none of AMRES, RMC and BRAVO has
paid or performed in all material respects all obligations required to be paid
or performed by them to such date and will not be in default under any document,
contract, agreement, lease, or other commitment to which any of them is a party.

     4.9  Insurance.  All insurance against losses or damages or other risks
          ---------
which are in force for the benefit of each of AMRES, RMC and/or BRAVO is set
forth in Exhibit 4.9 hereto.

     4.10 Liabilities.  None of AMRES, RMC and BRAVO has any liabilities, except
          -----------
as listed in Exhibit 4.10 hereto.

     4.11 Proprietary Rights.  Each of AMRES, RMC and BRAVO own or is duly
          ------------------
licensed to use such trademarks and copyrights as are necessary to conduct their
respective businesses as presently conducted.  The conduct of business by AMRES,
RMC and BRAVO do not, to the best knowledge of EMB, infringe upon the trademarks
or copyrights of any third party.

     4.12 Internal Controls.
          -----------------

          (a)  There have been no transactions except in accordance with
     management's general or specific authorization.

          (b)  Each of AMRES, RMC and BRAVO has devised and maintained
     respective systems of internal accounting controls sufficient to provide
     reasonable assurances that transactions are recorded as necessary (i) to
     permit preparation of financial statements in conformity with generally
     accepted accounting principles and (ii) to maintain accountability for
     assets and expenses.

     4.13 Contracts and Agreements.  None of AMRES, RMC and BRAVO is a party to
          ------------------------
any material contracts or agreements in respect of the operation of their
respective businesses, except as listed in Exhibit 4.13 hereto.

     4.14 Minute Books.  The respective minute books of AMRES, RMC and BRAVO
          ------------
contain true, complete, and accurate records of all meetings and other corporate
actions of their respective shareholders and Boards of Directors, and true and
accurate copies thereof have been delivered to counsel for E-NET prior to the
Closing Date.  The signatures appearing on all documents contained therein are
the true signatures of the persons purporting to have signed the same.

                                       8
<PAGE>

     4.15 Litigation.  Except as set forth in Exhibit 4.15, there are no
          ----------
actions, suits, proceedings, orders, investigations, or claims (whether or not
purportedly on behalf of AMRES, RMC or BRAVO) pending against or affecting
AMRES, RMC or BRAVO at law or in equity or before or by any federal, state,
municipal, or other governmental department, commission, board, agency, or
instrumentality, domestic or foreign, nor has any such action, suit, proceeding,
or investigation been pending or threatened in writing during the 12-month
period preceding the date hereof, which, if adversely determined, would
materially and adversely affect the financial condition of AMRES, RMC or BRAVO
or which seeks to prohibit, restrict, or delay the consummation of the stock
sale contemplated hereby. None of AMRES, RMC and BRAVO is operating under or
subject to, or in default with respect to, any order, writ, injunction, or
decree of any court or federal, state, municipal, or other governmental
department, commission, board, agency, or instrumentality.

     4.16 Taxes.  At the Closing Date, all tax returns required to be filed with
          -----
respect to the operations or assets of each of AMRES, RMC and BRAVO prior to
Closing Date have been correctly prepared in all material respects and timely
filed, and all taxes required to be paid in respect of the periods covered by
such returns have been paid in full or adequate reserves have been established
for the payment of such taxes.  Except as set forth in Exhibit 4.16, as of the
Closing Date, none of AMRES, RMC and BRAVO has requested any extension of time
within which to file any tax returns, and all known deficiencies for any tax,
assessment, or governmental charge or duty shall have been paid in full or
adequate reserves have been established for the payment of such taxes.  The
AMRES, RMC and BRAVO Tax Returns are true and complete in all material respects.
No audits by federal or state authorities are currently pending or threatened.

     4.17 No Defaults.  None of AMRES, RMC and BRAVO is in default under or in
          -----------
violation of any provision of their respective Articles of Incorporation or
Bylaws. None of AMRES, RMC and BRAVO is in default under or in violation of any
material provision of any material indenture, mortgage, deed of trust, lease,
loan agreement, or other agreement or instrument to which any of them is a party
or by which any of them is bound, or to which any of their respective properties
is subject, if such default would have a material, adverse effect on the
financial condition or business of AMRES, RMC or BRAVO. None of AMRES, RMC and
BRAVO is in violation of any statute, law, ordinance, order, judgment, rule,
regulation, permit, franchise, or other approval or authorization of any court
or governmental agency or body having jurisdiction over them or any of their
respective property which, if enforced, would have a material, adverse effect on
the financial condition or business of AMRES, RMC or BRAVO. Neither the
execution and delivery of this Agreement, nor the consummation of the
transactions contemplated herein, will conflict with or result in a breach of or
constitute a default under any of the foregoing or result in the creation of any
lien, mortgage, pledge, charge, or encumbrance upon any asset of AMRES, RMC or
BRAVO and no consents or waivers thereunder are required to be obtained in
connection therewith in order to consummate the transactions contemplated by
this Agreement, except for the agreements so indicated on Exhibit 4.17.

     4.18  Material Change.  Except as disclosed on Exhibit 4.18, there has been
           ---------------
no material change in the condition, financial or otherwise, of AMRES, RMC or
BRAVO as shown in the AMRES, RMC or BRAVO Tax Returns, except changes occurring
in the ordinary course of business, which changes have not materially, adversely
affected their respective organizations, businesses, properties, or financial
condition.

                                       9
<PAGE>

     4.19 Documents.  The copies of all agreements and other instruments that
          ---------
have been delivered by EMB to E-NET are true, correct, and complete copies of
such agreements and instruments and include all amendments thereto.

     4.20 Disclosure.  The representations and warranties made by EMB herein and
          ----------
in any schedule, statement, certificate, or document furnished or to be
furnished by AMRES, RMC, BRAVO and/or EMB to E-NET pursuant to the provisions
hereof or in connection with the transactions contemplated hereby taken as a
whole do not and will not as of their respective dates contain any untrue
statements of a material fact, or omit to state a material fact necessary to
make the statements made not misleading.

                                   SECTION 5

                         INVESTIGATION; PRESS RELEASE
                         ----------------------------

     5.1  Investigation.
          -------------

          (a)  E-NET acknowledges that it has made an investigation of the EMB
     Assets for the period from on or about October 1, 1998, through the Closing
     Date, to confirm, among other things, the assets, liabilities, and status
     of business of the EMB Assets and the cash position, accounts receivable,
     liabilities, and mortgages in process.  In the event of termination of this
     Agreement, E-NET will deliver to EMB all documents, work papers, and other
     materials and all copies thereof obtained by E-NET, or on its behalf, from
     AMRES, RMC, BRAVO or EMB, whether obtained before or after the execution
     hereof, will not use, directly or indirectly, any confidential information
     obtained from AMRES, RMC, BRAVO or EMB hereunder or in connection herewith,
     and will keep all such information confidential and not used in any way
     detrimental to AMRS, RMC, BRAVO or EMB except to the extent the same is
     publicly disclosed by AMRES, RMC, BRAVO or EMB.

          (b)  EMB acknowledges that it has made an investigation of E-NET for
     the period from on or about April 30, 1999, through the Closing Date, which
     has included, among other things, the opportunity of discussions with
     executive officers of E-NET, and its accountants, investment bankers, and
     counsel.  In the event of termination of this Agreement, EMB will deliver
     to E-NET all documents, work papers, and other materials and all copies
     thereof obtained by it, or on its behalf, from E-NET, whether obtained
     before or after the execution hereof and will not use, directly or
     indirectly, any confidential information obtained from E-NET hereunder or
     in connection herewith, and will keep all such information confidential and
     not used in any way detrimental to E-NET, except to the extent the same is
     publicly disclosed by E-NET.

          (c)  Except in the event that any party hereto discovers in the course
     of its respective investigation any breach of a representation or warranty
     by the other party hereto and does not disclose it to such other party
     prior to the Closing Date, no investigation pursuant to this Section 5.1
     shall affect or be deemed to modify any representation or warranty made by
     any party hereto.

                                       10
<PAGE>

     5.2  Press Release.  E-NET and EMB shall agree with each other as to the
          -------------
form and substance of any press releases and the filing of any documents with
any federal or state agency related to this Agreement and the transactions
contemplated hereby and shall consult with each other as to the form and
substance of other public disclosures related thereto; provided, however, that
nothing contained herein shall prohibit either party from making any disclosure
that her or its counsel deems necessary.

                                   SECTION 6

                                   BROKERAGE
                                   ---------

     6.1  Brokers and Finders.  Except as set forth in Exhibit 6.1, neither E-
          -------------------
NET nor EMB, or any of their respective officers, directors, employees, or
agents, has employed any broker, finder, or financial advisor or incurred any
liability for any fee or commissions in connection with initiating the
transactions contemplated herein. Each party hereto agrees to indemnify and hold
the other party harmless against or in respect of any commissions, finder's
fees, or brokerage fees incurred or alleged to have been incurred with respect
to initiating the transactions contemplated herein as a result of any action of
the indemnifying party.

                                   SECTION 7

                      CLOSING AGREEMENTS AND POST-CLOSING
                      -----------------------------------

     7.1  Closing Agreements.  On the Closing Date, the following activities
          ------------------
shall occur, the following agreements shall be executed and delivered, and the
respective parties thereto shall have performed all acts that are required by
the terms of such activities and agreements to have been performed
simultaneously with the execution and delivery thereof as of the Closing Date:

          (a)  EMB shall have executed and delivered documents to E-NET
     sufficient then and there to transfer record and beneficial ownership of
     the shares of AMRES, RMC, to the extent that it is an EMB Asset as of the
     Closing Date, and BRAVO to E-NET;

          (b)  EMB shall have assigned to E-NET all of its rights in the TITUS
     Letter of Intent, subject to the provisions of Paragraph 2.1(b);

          (c)  E-NET shall have delivered to EMB (i)  Seven Million Five Hundred
     Thousand (7,500,000) registered shares of E-NET common stock, free of any
     restrictive legends, which shares were included in the Registration
     Statement, as provided for in Paragraph 3.9 hereof, and (ii)  $4,000,000 in
     good funds.

                                       11
<PAGE>

                                   SECTION 8

             CONDITIONS PRECEDENT TO E-NET'S OBLIGATIONS TO CLOSE
             ----------------------------------------------------

     The obligations of E-NET to consummate this Agreement are subject to
satisfaction on or prior to the Closing Date of the following conditions:

     8.1  Representations and Warranties.  The representations and warranties of
          ------------------------------
EMB contained in this Agreement shall be true and correct in all material
respects on and as of the Closing Date, and EMB shall have performed in all
material respects all of her obligations hereunder theretofore to be performed.

     8.2  Status of Consideration.  The Registration Statement, provided for in
          -----------------------
Paragraph 3.9 hereof, shall have been filed with, and declared effective by, the
Securities and Exchange Commission and E-NET shall have sold sufficient
registered shares of common stock to the public such that E-NET shall have
received net proceeds therefrom as prescribed by Paragraph 3.9 hereof.

     8.3  Other.  The joint conditions precedent in Section 10 hereof shall
          -----
have been satisfied and all documents required for Closing shall be acceptable
to Counsel for E-NET.

                                   SECTION 9

              CONDITIONS PRECEDENT TO EMB'S OBLIGATIONS TO CLOSE
              --------------------------------------------------

     The obligation of EMB to consummate this Agreement is subject to the
satisfaction on or prior to the Closing Date of the following conditions:

     9.1  Representations and Warranties.  The representations and warranties of
          ------------------------------
E-NET contained in this Agreement shall be true and correct in all material
respects on and as of the Closing Date, and E-NET shall have performed in all
material respects all of its obligations hereunder theretofore to be performed.

     9.2  Status of Consideration.  The Registration Statement, provided for in
          -----------------------
Paragraph 3.9 hereof, shall have been filed with, and declared effective by,
the Securities and Exchange Commission and E-NET shall have sold sufficient
registered shares of common stock to the public such that E-NET shall have
received net proceeds therefrom as prescribed by Paragraph 3.9 hereof.

     9.3  Other.  The joint conditions precedent in Section 10 hereof shall have
          -----
been satisfied.

                                  SECTION 10

                          JOINT CONDITIONS PRECEDENT
                          --------------------------

     The obligations of E-NET and EMB to consummate this Agreement shall be
subject to satisfaction or waiver in writing by all parties of each and all of
the following additional conditions precedent at or prior to the Closing Date:

                                       12

<PAGE>

     10.1 Other Agreements.  All of the agreements contemplated by Section 7.1
          ----------------
of this Agreement shall have been executed and delivered, and all acts required
to be performed thereunder as of the Closing Date shall have been duly
performed, including, without limitation, completion of all exhibits to this
Agreement.

     10.2 Absence of Litigation.  At the Closing Date, there shall be no action,
          ---------------------
suit, or proceeding pending or threatened against any of the parties hereto by
any person, governmental agency, or subdivision thereof, nor shall there be
pending or threatened any action in any court or administrative tribunal, which
would have the effect of inhibiting the consummation of the transactions
contemplated herein.

                                  SECTION 11

                                CONFIDENTIALITY
                                ---------------

     11.1 E-NET acknowledges that its principals have, and will, acquire
information and materials from EMB and its subsidiaries (the "Companies") and
knowledge about the technology, business, products, strategies, customers,
clients and suppliers of the Companies and that all such information, materials
and knowledge acquired, are and will be trade secrets and confidential and
proprietary information of the Companies (collectively, such acquired
information, materials, and knowledge are hereinafter referred to as
"Confidential Information").  E-NET, itself, and behalf of its principals,
covenants to hold such Confidential Information in strict confidence, not to
disclose it to others or use it in any way, commercially or otherwise, except in
connection with the transactions contemplated by this Agreement and not to allow
any unauthorized person access to such Confidential Information.

     11.2 The Confidential Information disclosed by the Companies to E-NET shall
remain the property of the disclosing party.

     11.3 E-NET, and principals, shall maintain in secrecy all Confidential
Information disclosed to them by any or all of the Companies using not less than
reasonable care. E-NET, and its principals shall not use or disclose in any
manner to any third party any Confidential Information without the express
written consent of the chief executive officer of EMB unless or until the
Confidential Information is:

          (a)  publicly available or otherwise in the public domain; or

          (b)  rightfully obtained by any third party without restriction; or

          (c)  disclosed by any of the Companies without restriction pursuant to
     judicial action, or government regulations or other requirements.

     11.4 The obligations of E-NET under Sections 11.1, 11.2, and 11.3 of this
Agreement shall expire one year from the Closing Date.

                                       13
<PAGE>

     11.5 E-NET, itself and on behalf of its principals, hereby agrees that they
will not intentionally bring into the premises of either or both of the
Companies, or use in any way for the benefit of either or both of the companies,
any confidential information that E-NET has reason to believe is or may be the
trade secret or confidential information of a third party.

                                  SECTION 12

                            TERMINATION AND WAIVER
                            ----------------------

     12.1 Termination.  This Agreement may be terminated and abandoned on the
          -----------
Closing Date by:

          (a)  the mutual consent in writing of the parties hereto;

          (b)  E-NET, if the conditions precedent in Sections 8 and 10 of this
     Agreement have not been satisfied or waived by the Closing Date; and

          (c)  EMB, if the conditions precedent in Sections 9 and 10 of this
     Agreement have not been satisfied or waived by the Closing Date.

          If this Agreement is terminated pursuant to Section 12.1, the parties
hereto shall not have any further obligations under this Agreement, and each
party shall bear all costs and expenses incurred by her or it.

                                  SECTION 13

                 NATURE AND SURVIVAL OF REPRESENTATIONS, ETC.
                 --------------------------------------------

     13.1 Nature and Survival.  All statements contained in any certificate or
          -------------------
other instrument delivered by or on behalf of E-NET or EMB pursuant to this
Agreement or in connection with the transactions contemplated hereby shall be
deemed representations and warranties by such party. All representations and
warranties and agreements made by E-NET or EMB in this Agreement or pursuant
hereto shall survive the Closing Date hereunder until the expiration of the 12th
month following the Closing Date.

     13.2 Rescission.  Nothing in this Agreement shall be deemed to
          ----------
constitute an expansion or contraction of the parties' respective statutory
rights of rescission.

                                  SECTION 14

                                 MISCELLANEOUS
                                 -------------

     14.1 Notices.  Any notices or other communications required or permitted
          -------
hereunder shall

                                       14
<PAGE>

be sufficiently given if written and delivered in person or sent by registered
mail, postage prepaid, addressed as follows:

          to EMB:                        EMB Corporation
                                         Attention: Chief Executive Officer
                                         ---------
                                         3200 Bristol, Eighth Floor
                                         Costa Mesa, California 92626

          copy to:                       Bryan Cave LLP
                                         Attention: Randolf W. Katz, Esq.
                                         ---------
                                         18881 Von Karman, Suite 1500
                                         Irvine, California 92612

          to E-NET:                      E-NET Corporation
                                         Attention: Chief Executive Officer
                                         ---------
                                         2102 Business Center Drive
                                         Suite 115-E
                                         Irvine, California 92612

or such other address as shall be furnished in writing by the appropriate
person, and any such notice or communication shall be deemed to have been given
as of the date so mailed.

     14.2 Time of the Essence.  Time shall be of the essence of this Agreement.
          -------------------

     14.3 Costs.  Each party will bear the costs and expenses incurred by it in
          -----
connection with this Agreement and the transactions contemplated hereby.

     14.4 Cancellation of Agreemnt. In the event that this Agreement is canceled
          ------------------------
by mutual agreement of the parties or by failures of any of the conditions
precedent set forth in Paragraphs 8, 9 and 10, neither EMB nor E-NET shall be
entitled to any damages, fees, costs or other consideration.

     14.5 Entire Agreement and Amendment.  This Agreement and documents
          ------------------------------
delivered at the Closing Date hereunder contain the entire agreement between the
parties hereto with respect to the transactions contemplated by this Agreement
and supersedes all other agreements, written or oral, with respect thereto.
This Agreement may be amended or modified in whole or in part, and any rights
hereunder may be waived, only by an agreement in writing, duly and validly
executed in the same manner as this Agreement or by the party against whom the
waiver would be asserted.  The waiver of any right hereunder shall be effective
only with respect to the matter specifically waived and shall not act as a
continuing waiver unless it so states by its terms.

                                       15
<PAGE>

     14.6   Counterparts.  This Agreement may be executed in one or more
            ------------
counterparts each of which shall be deemed to constitute an original and shall
become effective when one or more counterparts have been signed by each party
hereto and delivered to the other party.

     14.7   Governing Law. This Agreement shall be governed by, and construed
            -------------
and interpreted in accordance with, the laws of the State of California.

     14.8   Attorneys' Fees and Costs.  In the event any party to this Agreement
            -------------------------
shall be required to initiate legal proceedings to enforce performance of any
term or condition of this Agreement, including, but not limited to, the
interpretation of any term or provision hereof, the payment of monies or the
enjoining of any action prohibited hereunder, the prevailing party shall be
entitled to recover such sums, in addition to any other damages or compensation
received, as will reimburse the prevailing party for reasonable attorneys' fees
and court costs incurred on account thereof (including, without limitation, the
costs of any appeal) notwithstanding the nature of the claim or cause of action
asserted by the prevailing party.

     14.9   Successors and Assigns. This Agreement shall inure to the benefit of
            ----------------------
and be binding upon the parties hereto and their respective heirs, executors,
personal representatives, successors, and assigns, as the case may be.

     14.10  Access to Counsel.  Each party hereto acknowledges that each has had
            -----------------
access to legal counsel of her or its own choice and has obtained such advice
therefrom, if any, as such party has deemed necessary and sufficient prior to
the execution hereof.  Each party hereto acknowledges that the drafting of this
Agreement has been a joint effort and any ambiguities or interpretative issues
that may arise from and after the execution hereof shall not be decided in favor
or, or against, any party hereto because the language reflecting any such
ambiguities or issues may have been drafted by any specific party or her or its
counsel.

     14.11  Captions.  The captions appearing in this Agreement are inserted for
            --------
convenience of reference only and shall not affect the interpretation of this
Agreement.

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

EMB CORPORATION,
a Hawaii corporation

by: /s/ James E. Shipley
    --------------------------
    James E. Shipley, President

E-NET FINANCIAL CORPORATION,
a Nevada corporation

by: /s/ Michael P. Roth
    --------------------------
    Michael P. Roth, President

                                       16

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