Document:

EXHIBIT B

                      AGREEMENT AND PLAN OF REORGANIZATION

                      AGREEMENT AND PLAN OF REORGANIZATION
                                  BY AND AMONG
                         GLOBALNET INTERNATIONAL, INC.,
                              GN ACQUISITION CORP.
                                       AND
                                RICH EARTH, INC.
                           DATED AS OF MARCH 22, 2000

                                       34
<PAGE>

                      AGREEMENT AND PLAN OF REORGANIZATION

     This  AGREEMENT AND PLAN OF MERGER (the Agreement) is made and entered into
as  of  March 22, 2000 by and among Rich Earth, Inc., a Nevada corporation (Rich
Earth),  GN  Acquisition  Corp.,  an  Delaware  corporation  ("Merger Sub"), and
GlobalNet  International,  Inc.,  a  Delaware  corporation  ("GLOBALNET").

The  parties  agree  as  follows:

1.     THE  MERGER.

     1.1     The  Merger.  At the Effective Time (as defined in Section 1.2) and
             -----------
subject  to and upon the terms and conditions of this Agreement, GLOBALNET shall
be  merged  into  Merger  Sub  (the Merger), the separate corporate existence of
Merger  Sub  shall  cease  and  GLOBALNET  shall  continue  as  the  surviving
corporation.  The  surviving  corporation  after  the  Merger  is  hereinafter
sometimes  referred  to  as  the  "Surviving  Corporation"  which  shall  be  a
wholly-owned  subsidiary  of  Rich  Earth.

     1.2     Effective  Time.  Unless  this  Agreement  is  earlier  terminated
             ---------------
pursuant  to  Section  8.1,  the closing of the Merger (the "Closing") will take
place  as  promptly  as  practicable,  but  no  later than two (2) business days
following  satisfaction  or waiver of the conditions set forth in Section 6, via
facsimile  or  at  the  offices  of Venture Law Corporation, Suite 618, 688 West
Hastings  Street,  Vancouver,  British Columbia, Canada, V6B 1P1, unless another
place  or  time  is  agreed to in writing by Rich Earth and GLOBALNET.  The date
upon  which  the  Closing  actually occurs is herein referred to as the "Closing
Date."  On  the  Closing  Date,  the parties hereto shall cause the Merger to be
consummated  by  filing  Articles  of  Merger  (or  like instrument) in the form
attached  hereto  as  Exhibit  A  with  the  Secretary  of State of the State of
                      ----------
Delaware  (the  "Merger Articles"), in accordance with the applicable provisions
of  Delaware  law (the later time of acceptance by the Secretary of State of the
State  of  Delaware  of  such  filing being referred to herein as the "Effective
Time").

     1.3     Effect  of  the  Merger.  At  the Effective Time, the effect of the
             -----------------------
Merger  shall  be  as  provided  in  the  applicable provisions of Delaware law.
Without  limiting  the  generality of the foregoing, and subject thereto, at the
Effective  Time,  all the property, rights, privileges, powers and franchises of
GLOBALNET and Merger Sub shall vest in the Surviving Corporation, and all debts,
liabilities  and  duties  of  GLOBALNET  and  Merger Sub shall become the debts,
liabilities  and  duties  of  the  Surviving  Corporation.

     1.4     Articles  of  Incorporation,  Bylaws.  The  Certificate  of
             ------------------------------------
Incorporation  and  Bylaws  of Surviving Corporation shall be the Certificate of
Incorporation  and  Bylaws  of  GLOBALNET.

     1.5     Directors  and Officers.  Directors of Rich Earth and the Surviving
             -----------------------
Corporation  immediately  after  the  Effective  Time  shall  consist  of eleven
members.  Nine  nominee  directors  selected  by Robert Donahue and two nominees
selected  by  Myron Gushlak, each director to hold the office in accordance with
the provisions of applicable laws and the Bylaws of Rich Earth and the Surviving
Corporation,  as  applicable,  until  their  successors  are  duly qualified and
elected.  The  directors  and  officers  of  Rich  Earth  immediately  after the
Effective  Time shall be the same as the Surviving Corporation except as changed
by  Robert Donahue, President and C.E.O., each to hold office in accordance with
the  provisions  of  the  Bylaws of Rich Earth and the Surviving Corporation, as
applicable,  on  conversion  as  provided  for  in  the  succeeding  paragraph.

     1.6     Conversion  of  GLOBALNET  and  Merger  Sub  Common  Stock.
             ----------------------------------------------------------
          (a)  At  the  Effective Time, each  share  of  GLOBALNET Common Stock,
par  value  $  0.001  per  share  ("GLOBALNET Common Stock"), upon the terms and
subject  to the conditions set forth below shall be converted automatically into
10,000 shares (the "Exchange Ratio") of Rich Earth Common Stock par value $0.001
per  share  ("Rich  Earth  Common  Stock") for an aggregate amount of 20,000,000
shares  of  Rich  Earth  Common  Stock.  Accordingly, at the Effective Time, the
Shareholders  of  GLOBALNET  will hold approximately 67% of the issued shares of
the  Rich  Earth  Common Stock in the Rich Earth without taking into account the
issuance of 600,000 shares of Rich Earth Common Stock in accordance with Section
5.1  below.  At the Effective Time, each share of the common stock of Merger Sub
issued  and  outstanding  immediately  prior  to  the  Effective  Time  shall be
converted  into  and  exchanged  for   one   validly   issued,  fully  paid  and
non-assessable  share  of  common  stock  of  the  Surviving  Corporation.
          (b)     The  Exchange  Ratio  shall  be  adjusted to reflect fully the
effect of any stock split, reverse split, stock dividend (including any dividend
or  distribution  of  securities convertible into GLOBALNET Common Stock or Rich
Earth  Common Stock), reorganization, recapitalization or other like charge with
respect to GLOBALNET Common Stock or Rich Earth Common Stock occurring after the
date  hereof.
                                       35
<PAGE>
         (c)     No  fractional share of GLOBALNET Common Stock shall be issued
in the Merger.  In lieu thereof, any fractional share shall be rounded up to the
nearest  whole  share  of  GLOBALNET  Common  Stock.

     1.7     Surrender  of  Certificates.
             ---------------------------
          (a)     Exchange  Agent.  The  Venture  Law  Corporation of Vancouver,
                  ---------------
British Columbia, Canada shall serve as exchange agent (the "Exchange Agent") in
the  Merger.
          (b)     GLOBALNET  to  Provide  Common  Stock.  Promptly  after  the
                  -------------------------------------
Effective  Time,  GLOBALNET  shall  make  available  to  the  Exchange Agent for
exchange  in  accordance with this Section, the shares of GLOBALNET Common Stock
convertible  pursuant  to  Section  1.6(a)  in exchange for shares of Rich Earth
Common  Stock.
          (c)     Exchange  Procedures.  On  or  after  the  Closing  Date,  the
                  --------------------
holders  of  GLOBALNET Common Stock will surrender the certificates representing
their GLOBALNET Common Stock (the "GLOBALNET Stock Certificate") to the Exchange
Agent  for  cancellation  together with a letter of transmittal in such form and
having  such  provisions  that the Exchange Agent reasonably requests.  Promptly
following  the  Effective  Time,  Exchange  Agent  will  cause  to  be  issued
stockholders certificates for the number of shares of Rich Earth Common Stock to
which  such  stockholders  are  entitled  pursuant  to  Section  1.6.
          (d)     Transfers of Ownership.  If any certificate for shares of Rich
                  ----------------------
Earth  Common  Stock  is  to  be  issued  in a name other than that in which the
certificate  surrendered in exchange therefor is registered or if any cash is to
be  delivered to a person other than the person whose name is on the certificate
surrendered, it will be a condition to the issuance and/or delivery thereof that
the certificate so surrendered will be properly endorsed and otherwise in proper
form for transfer and that the person requesting such exchange will have paid to
GLOBALNET  or any agent designated by it any transfer or other taxes required by
reason or the issuance of a certificate for shares of Rich Earth Common Stock or
the delivery of any cash in any name other than that of the registered holder of
the  certificate surrendered, or established to the satisfaction of the Exchange
Agent  or  any  agent  designated  by  it  that such tax has been paid or is not
payable.  Rich  Earth  and  the Transfer Agent acknowledge and agree that Robert
Donahue  shall designate prior to the Effective Time such persons and respective
amounts  of  Rich  Earth  Common  Stock  set  forth  in  Section  5.16  hereof.
          (e)     No  Liability.  Notwithstanding  anything  to  the contrary in
                  -------------
this  Section  1.7, none of the Exchange Agent, the Surviving Corporation or any
party hereto shall be liable to a holder of shares of Rich Earth Common Stock or
GLOBALNET  Common  Stock  for  any  amount  properly  paid  to a public official
pursuant  to  any  applicable  abandoned  property,  escheat  or  similar  law.

     1.8     No  Further Ownership Rights in GLOBALNET Common Stock.  All shares
             ------------------------------------------------------
of  Rich  Earth Common Stock issued upon the surrender for exchange of shares of
GLOBALNET Common Stock in accordance with the terms hereof, and any cash paid in
respect  thereof,  shall  be  deemed  to  be  full  satisfaction  of  all rights
pertaining  to  such  shares  of  GLOBALNET  Common Stock, and there shall be no
further  registration  of  transfers  on  the records of Rich Earth of shares of
GLOBALNET Common Stock which were outstanding immediately prior to the Effective
Time.  If,  after the Effective Time, GLOBALNET Stock Certificates are presented
to  Rich  Earth for any reason, they shall be canceled and exchanged as provided
in  this  Section  1.

     1.9     Lost,  Stolen  or  Destroyed  Certificates.  In  the  event  any
             ------------------------------------------
certificates  evidencing  shares of GLOBALNET Common Stock shall have been lost,
stolen  or  destroyed, the Exchange Agent shall issue in exchange for such lost,
stolen  or  destroyed certificates, upon the making of an affidavit of that fact
by  the  holder  thereof,  such  amount,  if any, as may be required pursuant to
Section  1.6;  provided, however, that the Exchange Agent may, in its discretion
               --------  -------
and  as a condition precedent to the issuance thereof, require the owner of such
lost, stolen or destroyed certificates to deliver an indemnity in such sum as it
may  reasonably  direct against any claim that may be made against Rich Earth or
the  Exchange  Agent with respect to the certificates alleged to have been lost,
stolen  or  destroyed.

     1.10     Tax  Consequences.  It  is intended by the parties hereto that the
              -----------------
Merger will constitute a reorganization within the meaning of Section 368 of the
Internal  Revenue  Code  of 1986, as amended.  Each party has consulted with its
own  tax  advisors  with  respect  to  the  tax  consequences  of  the  Merger.

     1.11     Taking of Necessary Action; Further Action.  If, at any time after
              ------------------------------------------
the  Effective  Time, any such further action is necessary or desirable to carry
out  the  purposes  of this Agreement and to vest the Surviving Corporation with
full  right,  title  and possession to all assets, property, rights, privileges,
powers  and  franchises  of  GLOBALNET, the officers and directors of GLOBALNET,
Merger  Sub  and Rich Earth are fully authorized in the name of their respective
corporations  or otherwise to take, and will take, all such lawful and necessary
action.
                                       36
<PAGE>

     2.0     REPRESENTATIONS  AND  WARRANTIES  OF  RICH  EARTH  AND  MERGER  SUB
             -----------------------------------------------

Rich  Earth  and  Merger Sub represent and warrant to GLOBALNET, subject to such
exceptions  as  are specifically disclosed in the Rich Earth Disclosure Schedule
(referencing  the  appropriate  Section  and paragraph numbers) supplied by Rich
Earth  to  GLOBALNET  (the "Rich Earth Disclosure Schedule") and dated as of the
date  hereof,  as  follows:

     2.1     Organization  of  Rich  Earth  and  Merger  Sub.  Rich  Earth  is a
             -----------------------------------------------
corporation duly organized, validly existing and in good standing under the laws
of  the  State  of  Nevada.  Merger Sub is a corporation duly organized, validly
existing  and  in  good  standing  under the laws of the State of Delaware. Rich
Earth  and  Merger Sub each has the corporate power to own its properties and to
carry  on its business.  Rich Earth and Merger Sub has each delivered a true and
correct  copy of its Articles of Incorporation and Bylaws and the Certificate of
Incorporation  and  Bylaws,  each  as  amended  to  date, to GLOBALNET.   Xenios
Xenopoulous is the sole director and officer of Rich Earth. Rich Earth has never
conducted  any  operations.

     2.2     Authority.  Rich  Earth  and  Merger  Sub  each  has  all requisite
             ---------
corporate  power  and  authority  to  enter  into this Agreement and the Related
Agreements  (as  defined  below) and to consummate the transactions contemplated
hereby  and  thereby.  The  execution  and  delivery  of  this Agreement and the
Related  Agreements and the consummation of the transactions contemplated hereby
and  thereby  have been duly authorized by all necessary corporate action on the
part of Rich Earth and Merger Sub except that the Merger must be approved by the
stockholders of Rich Earth.  This Agreement has been duly executed and delivered
by  Rich  Earth and Merger Sub and constitutes, and the Related Agreements, when
duly  executed  and  delivered by Rich Earth and Merger Sub, will constitute the
valid  and  binding  obligations  of  each party, enforceable in accordance with
their  terms,  except  as  such  enforceability  may be limited by principles of
public  policy  and  subject  to  the  laws  of  general application relating to
bankruptcy,  insolvency  and  the  relief  of debtors and rules of law governing
specific  performance,  injunctive  relief  or  other  equitable  remedies.  The
"Related  Agreements"  shall mean all such ancillary agreements required in this
Agreement  to  be  executed  and  delivered  in connection with the transactions
contemplated  hereby.

     2.3     Capital  Structure  of  Rich  Earth.
             -----------------------------------
          (a)     The  authorized  capital  stock  of  Rich  Earth  consists  of
100,000,000  shares  of  authorized Common Stock, par value $0.001 per share, of
which  9,960,000  shares are issued and outstanding and an additional 20,000,000
shares  will  be  issued  and outstanding at the Closing which shall exclude the
600,000  shares to be issued under Section 2.3(b) below.  The authorized capital
stock  of Merger Sub consists of 1,000 shares of authorized Common Stock, no par
value,  of  which  100 shares are issued and outstanding in favor of Rich Earth.
All  outstanding  shares of Rich Earth Common Stock are duly authorized, validly
issued,  fully  paid  and  non-assessable  and  not subject to preemptive rights
created by statute, the Articles of Incorporation or Bylaws of Rich Earth or any
agreement  to  which Rich Earth is a party or by which it is bound and have been
issued  in compliance with federal and state securities laws.  Rich Earth has no
other  capital  stock  authorized,  issued  or  outstanding.
          (b)     Rich  Earth  has arranged a private placement of 600,000 units
at  a price of $10.00 per unit for an aggregate amount of US$ 6,000,000 with two
purchasers.  The  $6,000,000  shall  be  raised  prior  to  the  Closing  and be
available  as  cash to Rich Earth prior to Closing.  Each "Unit" consists of one
share  in  the  common  stock  of  the  Company  and  one share purchase warrant
("Warrant")  with each Warrant entitling the holder to purchase one common share
in  the Company for US$ 15.00 per share at any time on or before six months from
the  date  of the acquisition of the Units by the Purchasers.  No Units have yet
been  sold.  Rich  Earth may conduct another private placement of Units with the
consent  of  GLOBALNET  prior  to  the Closing of this Merger in accordance with
Section  4.2.  Except  for  the  Rich  Earth  Warrants,  there  are  no options,
warrants,  calls, rights, commitments or agreements of any character, written or
oral, to which Rich Earth or any of its shareholders is a party or by which Rich
Earth  or  any  of its shareholders is bound obligating Rich Earth or any of its
shareholders  to  issue,  deliver,  sell,  repurchase  or redeem, or cause to be
issued,  delivered,  sold,  repurchased  or  redeemed, any shares of the capital
stock  of  Rich  Earth or obligating Rich Earth to grant, extend, accelerate the
vesting  of,  change the price of, otherwise amend or enter into any such option
warrant,  call,  right,  commitment  or  agreement.  There are no outstanding or
authorized  stock  appreciation,  phantom  stock, profit participation, or other
similar rights with respect to Rich Earth.  There are no voting trusts, proxies,
or  other  agreements or understandings with respect to the voting stock of Rich
Earth.
          (c)     The  Rich  Earth  Common  Stock  has  been  duly  approved for
quotation  on  the  NASD  OTC  Bulletin  Board.  Rich Earth has filed all forms,
reports,  exhibits  and other documents required to be filed with the Securities
and  Exchange  Commission  under  the  Securities  Act  of  1933, the Securities
Exchange  Act of 1934 and the rules and regulations promulgated thereunder. Rich
Earth  shall  have  filed  its  annual  report on Form 10-KSB for the year ended
December  31, 1999 with the Securities and Exchange Commission no later than the
earlier  of  such  date  as required under the regulations promulgated under the
Securities Exchange Act of 1934, as amended, or within ten days of the Effective
Date.
                                       37
<PAGE>

     2.4     Subsidiaries.  Except for Merger Sub, Rich Earth does not have, and
             ------------
has  never  had, any subsidiaries or affiliated companies and does not otherwise
own,  and  has not otherwise owned, any shares in the capital of or any interest
in,  or  control,  directly  or  indirectly, any other corporation, partnership,
association, joint venture or other business entity.  Rich Earth owns all of the
issued  and  outstanding  capital  stock  of  Merger  Sub.

     2.5     Conflict.  The  execution  and  delivery  of this Agreement and any
             --------
Related  Agreements  to which it is a party by Rich Earth and Merger Sub do not,
and,  the  consummation of the transactions contemplated hereby and thereby will
not,  conflict  with,  or  result in any violation of, or default under (with or
without  notice  or  lapse  of  time,  or  both),  or  give  rise  to a right of
termination,  cancellation,  modification  or  acceleration of any obligation or
loss  of  any  benefit under (any such event, a "Conflict") (i) any provision of
the  Articles  of Incorporation and Bylaws of Rich Earth or Merger Sub, (ii) any
mortgage,  indenture,  lease, contract or other agreement or instrument, permit,
concession, franchise or license to which Rich Earth, Merger Sub or any of their
properties or assets are subject, or (iii) any judgment, order, decree, statute,
law, ordinance, rule or regulation applicable to Rich Earth, Merger Sub or their
respective  properties  or  assets.

     2.6     Consents.  No consent, waiver, approval, order or authorization of,
             --------
or registration, declaration or filing with, any court, administrative agency or
commission  or other federal, state, county, local or other foreign governmental
authority,  instrumentality, agency or commission ("Governmental Entity") or any
third  party,  including  a party to any agreement with Rich Earth or Merger Sub
(so  as  not  to  trigger  any Conflict), is required by or with respect to Rich
Earth  or  Merger  Sub  in  connection  with  the execution and delivery of this
Agreement  and  any  Related  Agreements  to which Rich Earth or Merger Sub is a
party  or  the consummation of the transactions contemplated hereby and thereby,
except  for  (i)  such  consents,  waivers,  approvals,  orders, authorizations,
registrations,  declarations  and  filings  as  may be required under applicable
securities  laws  thereby,  and  (ii) the filing of the Merger Articles with the
Secretary  of  State  of  the  Delaware.

     2.7     Rich  Earth Financial Statements. Rich Earth has provided GLOBALNET
             --------------------------------
with a copy of its audited balance sheets as of June 30, 1999, December 31, 1998
and  December  31,  1997  and  the  related  audited  statements  of operations,
stockholders'  equity  and  cash  flow  for the periods then ended (the "Audited
Financials").  The  Audited  Financials are correct in all material respects and
have  been  prepared  in  accordance  with  GAAP  applied  on a basis consistent
throughout  the  periods  indicated and consistent with each other.  The Audited
Financials  present  fairly  the financial condition, operating results and cash
flows  of  Rich  Earth as of the dates and during the periods indicated therein.
The  audited financial statements for the period ended December 31, 1999 will be
substantially  the  same in all respects as the audited financial statements for
the  period  ended  June 30, 1999 except for any changes as a result of entering
into  this  Agreement, the transactions contemplated hereby and the transactions
referenced  in  Section  5.0  hereof

     2.8     No  Undisclosed Liabilities.  Rich Earth and Merger Sub do not have
             ---------------------------
any liability, indebtedness, obligation, expense, claim, deficiency, guaranty or
endorsement  of  any  type,  whether  accrued,  absolute,  contingent,  matured,
unmatured  or  other  (whether  or  not  required  to  be reflected in financial
statements  in  accordance  with  GAAP).

     2.9     No  Changes.  Since  inception  of Rich Earth and Merger Sub, there
             -----------
has  not  been,  occurred  or  arisen  any:

          (a)     transaction,  commitment or obligation by Rich Earth or Merger
Sub  of  any  kind  other  than  the  stock  and  warrant issuances described in
paragraph  (b)  hereof;
          (b)     issuance  or sale, or contract to issue or sell, by Rich Earth
of  any  shares  of Rich Earth Common Stock, by Merger Sub of any of its capital
stock  or  securities  exchangeable, convertible or exercisable therefor, or any
securities, warrants, options or rights to purchase any of the foregoing, except
for  the  issuance of Units and underlying shares of Rich Earth Common Stock and
the  issuance  of  the  Rich  Earth  Warrants  previously disclosed in paragraph
2.3(b);
          (c)     negotiation  or  agreement  by Rich Earth or Merger Sub or any
officer  or employees thereof to do any of the things described in the preceding
clauses  (a)  or  (b)  (other  than  negotiations  with  GLOBALNET  and  its
representatives  regarding  the  transactions contemplated by this Agreement and
the  disclosed  private  placement  offering).

     2.10     Restrictions  on  Business  Activities.  There  is  no  agreement
              --------------------------------------
                                       38
<PAGE>
(noncompete  or otherwise), commitment, judgment, injunction, order or decree to
which  Rich  Earth or Merger Sub is a party or otherwise binding upon Rich Earth
which  has  or  may  have  the  effect  of prohibiting or impairing any business
practice of Rich Earth, Merger Sub or the Surviving Corporation, any acquisition
of  property (tangible or intangible) by Rich Earth, Merger Sub or the Surviving
Corporation  or  the  conduct  of  business  by  Rich  Earth,  Merger Sub or the
Surviving  Corporation.

     2.11     Agreements,  Contracts and Commitments.  Rich Earth and Merger Sub
              --------------------------------------
are  not  a  party  to  nor  are  they  bound  by  any contracts, obligations or
agreements  of  any kind except for this Agreement. (collectively a "Contract").

     2.12     Litigation.  There  is no action, suit or proceeding of any nature
              ----------
pending, or, to Rich Earth's knowledge, threatened, against Rich Earth or Merger
Sub, their properties or any of its officers or directors, nor, to the knowledge
of  Rich  Earth,  is  there  any  reasonable  basis  therefor.  There  is  no
investigation  pending  or,  to  Rich Earth's knowledge threatened, against Rich
Earth  or Merger Sub, their properties or any of its officers or directors (nor,
to  the best knowledge of Rich Earth, is there any reasonable basis therefor) by
or  before  any  Governmental  Entity.  No  Governmental  Entity has at any time
challenged  or questioned the legal right of Rich Earth or Merger Sub to conduct
its  operations  as  presently  or  previously  conducted.

     2.13     Minute  Books.  The minutes of Rich Earth delivered to counsel for
              -------------
GLOBALNET  are  the only minutes of Rich Earth and contain a reasonably accurate
summary  of  all  meetings  of the Board of Directors (or committees thereof) of
Rich  Earth and its shareholders or actions by written consent since the time of
incorporation  of  Rich  Earth.

     2.14     Broker's  and Finder's Fees:  Third Party Expenses. Rich Earth and
              --------------------------------------------------
Merger  Sub  have not incurred, nor will they incur, directly or indirectly, any
liability  for  brokerage or finders' fees or agents' commissions or any similar
charges in connection with the Agreement or any transaction contemplated hereby.

     2.15     Compliance  with  Laws.  Rich  Earth  and Merger Sub have complied
              ----------------------
with,  are  not  in violation of, and have not received any notices of violation
with  respect  to,  any  foreign,  federal,  state  or  local  statute,  law  or
regulation.

     2.16     Complete  Copies  of  Materials.  Rich Earth has delivered or made
              -------------------------------
available  true and complete copies of each document (or summaries of same) that
has  been  requested  by  GLOBALNET  or  its  counsel.

     2.17     Representations  Complete.  None  of  the  representations  or
              -------------------------
warranties  made  by  Rich  Earth  or  Merger Sub (as modified by the Rich Earth
Disclosure  Schedule),  nor  any  statement  made in any Schedule or certificate
furnished  by  Rich  Earth  pursuant  to  this  Agreement  or  finished in or in
connection  with documents mailed or delivered to the shareholders of Rich Earth
for use in soliciting their consent to this Agreement and the Merger contains or
will  contain at the Effective Time, any untrue statement of a material fact, or
omits or will omit at the Effective Time to state any material fact necessary in
order  to  make  the statements contained herein or therein, in the light of the
circumstances  under  which  made,  not  misleading.

     3.0     REPRESENTATIONS  AND  WARRANTIES  OF  GLOBALNET.

GLOBALNET and its subsidiaries represents and warrants to Rich Earth, subject to
such  exceptions  as  are  specifically  disclosed  in  the GLOBALNET Disclosure
Schedule (referencing the appropriate Section and paragraph numbers) supplied by
GLOBALNET  to  Rich  Earth (the "GLOBALNET Disclosure Schedule") and dated as of
the  date  hereof,  as  follows  (for purposes of this Section 3.0 references to
GLOBALNET  shall  include  its  subsidiaries  when  appropriate  under  the
circumstances):

     3.1     Organization  of  GLOBALNET.  GLOBALNET  is  a  corporation  duly
             ---------------------------
organized,  validly existing and in good standing under the laws of the State of
Delaware.  GlobalNet's  subsidiaries  are limited liability companies organized,
validly  existing  and in good standing under the laws of the State of Illinois.
GLOBALNET  has  the  corporate  power  to own its properties and to carry on its
business  as  now being conducted and is duly qualified to do business and is in
good standing in each jurisdiction in which the failure to be so qualified would
have  a  material  adverse  effect on the ability of GLOBALNET to consummate the
transactions  contemplated  hereby.  GLOBALNET  has delivered a true and correct
copy  of  its  Articles  of  Incorporation  and  Bylaws  and  the Certificate of
Incorporation  and  Bylaws,  each  as  amended  to  date,  to  Rich  Earth.

     3.2     Authority.  GLOBALNET  has  all  requisite  corporate  power  and
             ---------
                                       39
<PAGE>
authority  to  enter  into  this  Agreement  and  the  Related Agreements and to
consummate  the transactions contemplated hereby and thereby.  The execution and
delivery  of  this  Agreement and the Related Agreements and the consummation of
the  transactions  contemplated  hereby and thereby have been duly authorized by
all  necessary  corporate action on the part of GLOBALNET except that the Merger
must be approved by the stockholders of GLOBALNET.  This Agreement has been duly
executed and delivered by GLOBALNET and constitutes, and the Related Agreements,
when  duly  executed  and  delivered by GLOBALNET, will constitute the valid and
binding  obligations  of  GLOBALNET, enforceable in accordance with their terms,
except  as such enforceability may be limited by principles of public policy and
subject  to  the  laws of general application relating to bankruptcy, insolvency
and  the  relief  of  debtors  and  rules of law governing specific performance,
injunctive  relief  or  other  equitable  remedies.

     3.3     Capital  Structure  of  GLOBALNET.
             ---------------------------------
          (a)     The  authorized stock of GLOBALNET consists of 2,000 shares of
Common  Stock,  $  0.001  par  value,  of  which  2,000  shares  are  issued and
outstanding.  All  outstanding  shares  of  GLOBALNET  Common  Stock  are  duly
authorized,  validly  issued,  fully  paid and non-assessable and not subject to
preemptive rights created by statute, the Articles of Incorporation or Bylaws of
GLOBALNET or any agreement to which GLOBALNET is a party or by which it is bound
and  have  been  issued  in  compliance  with federal and state securities laws.
GLOBALNET  has  no  other  capital  stock  authorized,  issued  or  outstanding.
          (b)     There  are no options, warrants, calls, rights, commitments or
agreements  of  any character, written or oral, to which GLOBALNET or any of its
stockholders  is  a  party  or  by which GLOBALNET or any of its stockholders is
bound  obligating  GLOBALNET or any of its stockholders to issue, deliver, sell,
repurchase  or  redeem,  or  cause to be issued, delivered, sold, repurchased or
redeemed,  any  shares  of  the  capital  stock  of  GLOBALNET.  There  are  no
outstanding  or  authorized  stock  appreciation,  phantom  stock,  profit
participation,  or other similar rights with respect to GLOBALNET.  There are no
voting  trusts,  proxies,  or other agreements or understandings with respect to
the  voting  stock  of  GLOBALNET.

     3.4     Subsidiaries.  Except  for  its  wholly  owned  subsidiary  DTA
             ------------
Communications  Network,  LLC,  an Illinois limited liability company, which, at
closing,  is  expected to own all of the membership interests of GlobalNet, LLC,
an  Illinois  limited  liability company, GLOBALNET does not have, and has never
had,  any  subsidiaries  or affiliated companies and does not otherwise own, and
has  not  otherwise  owned,  any shares in the capital of or any interest in, or
control,  directly  or  indirectly,  any  other  corporation,  partnership,
association,  joint  venture  or  other  business  entity.

     3.5     Conflict.  The  execution  and  delivery  of this Agreement and any
             --------
Related  Agreements  to  which  it  is  a  party  by  GLOBALNET do not, and, the
consummation  of  the  transactions  contemplated  hereby  and thereby will not,
conflict  with, or result in any violation of, or default under (with or without
notice  or  lapse  of  time,  or  both), or give rise to a right of termination,
cancellation,  modification  or  acceleration  of  any obligation or loss of any
benefit  under  (any such event, a "Conflict") (i) any provision of the Articles
of  Incorporation  and Bylaws of GLOBALNET, (ii) any mortgage, indenture, lease,
contract  or  other  agreement  or  instrument, permit, concession, franchise or
license  to  which GLOBALNET or  any of its properties or assets are subject, or
(iii)  any  judgment, order, decree, statute, law, ordinance, rule or regulation
applicable  to  GLOBALNET  or  its  properties  or  assets.

     3.6     Consents.  No consent, waiver, approval, order or authorization of,
             --------
or registration, declaration or filing with, any court, administrative agency or
commission  or other federal, state, county, local or other foreign governmental
authority,  instrumentality, agency or commission ("Governmental Entity") or any
third  party,  including  a  party to any agreement with GLOBALNET (so as not to
trigger any Conflict), is required by or with respect to GLOBALNET in connection
with  the execution and delivery of this Agreement and any Related Agreements to
which  GLOBALNET is a party or the consummation of the transactions contemplated
hereby  and  thereby,  except for (i) such consents, waivers, approvals, orders,
authorizations, registrations, declarations and filings as may be required under
applicable  securities  laws thereby, and (ii) the filing of the Merger Articles
with  the  Secretary  of  State  of  the  Delaware.

     3.7     GLOBALNET Financial Statements.  GLOBALNET has furnished Rich Earth
             ------------------------------
with  a  true  and  complete  copy of its unaudited December 31, 1999 financials
statements  (the  "GLOBALNET  Financials").  The  GLOBALNET  Financials  present
fairly  the  financial  condition of GLOBALNET as of the date indicated therein,
subject,  to  year-end  adjustments.

     3.8     No  Undisclosed  Liabilities.  Except as disclosed in the GLOBALNET
             ----------------------------
                                       40
<PAGE>
Financials,  GLOBALNET  does  not  have any liability, indebtedness, obligation,
expense,  claim,  deficiency,  guaranty  or  endorsement  of  any  type, whether
accrued,  absolute,  contingent,  matured,  un-matured  or other (whether or not
required  to  be  reflected  in  financial  statements in accordance with GAAP).

     3.9     Restrictions  on Business Activities.  Other than license and other
             ------------------------------------
restrictions  included  in  agreements  entered  into  in the ordinary course of
business,  there  is  no  agreement  (non-compete  or  otherwise),  commitment,
judgment, injunction, order or decree to which GLOBALNET is a party or otherwise
binding  upon  GLOBALNET  which  has  or  may  have the effect of prohibiting or
impairing  any  business practice of GLOBALNET or the Surviving Corporation, any
acquisition  of  property (tangible or intangible) by GLOBALNET or the Surviving
Corporation  or  the  conduct  of  business  by  GLOBALNET  or  the  Surviving
Corporation.

     3.10     Agreements, Contracts and Commitments.  GLOBALNET is in compliance
              -------------------------------------
with  and has not breached, violated or defaulted under, or received notice that
it  has breached, violated or defaulted under, any of the terms or conditions of
any  agreement,  contract, covenant, instrument, lease, license or commitment to
which  GLOBALNET is a party or by which it is bound (collectively a "Contract"),
nor  is  GLOBALNET  aware  of  any  event  that  would constitute such a breach,
violation or default with the lapse of time, giving of notice or both. GLOBALNET
has  obtained, or will obtain prior to the Closing Date, all necessary consents,
waivers  and  approvals  as  are  required  in  connection  with  the  Merger.

     3.11     Litigation.  There  is no action, suit or proceeding of any nature
              ----------
pending,  or,  to  GLOBALNET's  knowledge,  threatened,  against  GLOBALNET, its
properties  or  any  of  its  officers  or  directors,  nor, to the knowledge of
GLOBALNET,  is  there  any reasonable basis therefor.  There is no investigation
pending  or,  to  GLOBALNET's  knowledge  threatened,  against  GLOBALNET,  its
properties  or  any  of its officers or directors (nor, to the best knowledge of
GLOBALNET, is there any reasonable basis therefor) by or before any Governmental
Entity.  No  Governmental  Entity  has  at any time challenged or questioned the
legal  right  of  GLOBALNET to conduct its operations as presently or previously
conducted.

     3.12     Minute  Books.  The minutes of GLOBALNET made available to counsel
              -------------
for  Rich  Earth  are  the  only  minutes  of GLOBALNET and contain a reasonably
accurate  summary  of  all  meetings  of  the  Board of Directors (or committees
thereof)  of  GLOBALNET and its shareholders or actions by written consent since
the  time  of  incorporation  of  GLOBALNET.

     3.13     Broker's  and  Finder's Fees:  Third Party Expenses. Except for an
              ---------------------------------------------------
agreement  dated  October 6, 1999 between GLOBALNET and Patrick Kealy, GLOBALNET
has  not  incurred, nor will it incur, directly or indirectly, any liability for
brokerage  or  finder's  fees  or  agents' commissions or any similar charges in
connection  with  the  Agreement  or  any  transaction  contemplated  hereby.

     3.14     Compliance with Laws.  GLOBALNET has complied with in all material
              --------------------
respects,  is not in violation of, and has not received any notices of violation
with  respect  to,  any  foreign,  federal,  state  or  local  statute,  law  or
regulation.

     3.15     Complete  Copies  of  Materials.  GLOBALNET  has delivered or made
              -------------------------------
available  true and complete copies of each document (or summaries of same) that
has  been  requested  by  Rich  Earth  or  its  counsel.

     3.16     Representations  Complete.  None  of  the  representations  or
              -------------------------
warranties made by GLOBALNET (as modified by the GLOBALNET Disclosure Schedule),
nor  any  statement  made  in any Schedule or certificate furnished by GLOBALNET
pursuant to this Agreement or finished in or in connection with documents mailed
or  delivered  to  the  shareholders  of  GLOBALNET  for use in soliciting their
consent  to  this  Agreement  and  the  Merger  contains  or will contain at the
Effective  Time,  any untrue statement of a material fact, or omits or will omit
at  the Effective Time to state any material fact necessary in order to make the
statements  contained herein or therein, in the light of the circumstances under
which  made,  not  misleading.

     4.0     CONDUCT  PRIOR  TO  THE  EFFECTIVE  TIME.

     4.1     Conduct  of Business of GLOBALNET.  During the period from the date
             ---------------------------------
of  this  Agreement  and continuing until the earlier of the termination of this
Agreement  or  the  Effective  Time,  GLOBALNET  agrees  that  it  shall  not:
          (a)      issue,  grant,  deliver  or  sell or authorize or propose the
issuance,  grant,  delivery  or sale of, or purchase or propose the purchase of,
any  shares  of  its  capital  stock  or  securities  convertible  into,  or
subscriptions,  rights,  warrants  or options to acquire, or other agreements or
commitments  of  any  character  obligating it to issue any such shares or other
convertible  securities  except  if  in  connection  therewith,  it negotiates a
proportionate  adjustment  in  the  Exchange  Ratio.
                                       41
<PAGE>

          (b)     cause  or  permit  any  amendments  to  its  Articles  of
Incorporation  or  Bylaws;  or
          (c)     Take,  or  agree  in  writing or otherwise to take, any of the
actions  described in Sections 4.1 above, or any other action that would prevent
GLOBALNET  from  performing  or  cause  GLOBALNET  not  to perform its covenants
hereunder.

     4.2     Conduct  of  Business  of  Rich  Earth  and Merger Sub.  During the
             ------------------------------------------------------
period  from  the date of this Agreement and continuing until the earlier of the
termination  of  this Agreement or the Effective Time, Rich Earth and Merger Sub
each  agrees  that  it  shall  not:

          (a)     issue,  grant,  deliver  or  sell  or authorize or propose the
issuance,  grant,  delivery  or sale of, or purchase or propose the purchase of,
any  shares  of its capital stock (other than shares issued upon exercise of the
Rich  Earth  Warrants) or securities convertible into, or subscriptions, rights,
warrants  or  options  to  acquire,  or  other  agreements or commitments of any
character obligating it to issue any such shares or other convertible securities
except  if  in connection therewith, it negotiates a proportionate adjustment in
the  Exchange  Ratio;
          (b)    enter into any contract, arrangement or obligation of any kind;
          (c)    cause   or   permit   any   amendments  to  their  Articles  of
Incorporation  or  Bylaws;  or
          (d)     Take,  or  agree  in  writing or otherwise to take, any of the
actions  described in Sections 4.2 above, or any other action that would prevent
Rich  Earth  or Merger Sub from performing or cause Rich Earth or Merger Sub not
to  perform  its  covenants  hereunder.

     5.0     ADDITIONAL  AGREEMENTS.

     5.1     Sale  of Shares.  The parties hereto acknowledge and agree that the
             ---------------
shares  of  Rich  Earth  Common  Stock issuable to the stockholders of GLOBALNET
pursuant  to  Section  1.6  (the  "Merger  Shares") shall constitute "restricted
securities"  within the meaning of the Securities Act.  The certificates for the
Merger  Shares  shall bear appropriate legends to identify such privately placed
shares  as  being restricted under the Securities Act, to comply with applicable
state securities laws and, if applicable, to notice the restrictions on transfer
of  such  shares.   It  is  understood  and agreed by the parties that after the
Effective  Time, Rich Earth intends to file a registration statement on Form S-1
with the Securities and Exchange Commission for registration of all or a portion
of  the  Merger  Shares.

     5.2     Stockholder  Approval.  GLOBALNET  and  Rich  Earth  shall promptly
             ---------------------
submit  this  Agreement  and  the  transactions  contemplated  hereby  to  their
stockholders  for  approval  and  adoption as required by law.  Rich Earth shall
include  in  its proxy materials submitted to its shareholders a proposal (i) to
amend  its  charter  to  change  its  name  from  Rich Earth, Inc. to "GlobalNet
International, Inc."; and (ii) to approve an omnibus stock incentive plan for up
to  3,000,000  shares of Rich Earth Common Stock for issuance under such plan to
officers,  directors,  employees  and  consultants  of  Rich  Earth  and  its
subsidiaries  and  affiliates.

     5.3     Access  to  Information.  Each party shall afford the other and its
             -----------------------
accountants,  counsel and other representatives, reasonable access during normal
business  hours  during  the  period  prior  to  the  Effective  Time  to
(a)  all  of  such party's properties, books, contracts, commitments and records
and  (b) all other information concerning the business, properties and personnel
(subject  to  restrictions imposed by applicable law) of such party as the other
may  reasonably  request.  No  information  or  knowledge  obtained  in  any
investigation  pursuant  to this Section shall affect or be deemed to modify any
representation or warranty contained herein or the conditions to the obligations
of  the  parties  to  consummate  the  Merger.

     5.4     Confidentiality.  Each party acknowledges that in the course of the
             ---------------
performance of this Agreement, it may obtain the Confidential Information of the
other  party.  The  Receiving Party shall, at all times, both during the term of
this  Agreement  and  thereafter,  keep  in  confidence  and  trust  all  of the
Disclosing Party's Confidential Information received by it.  The Receiving Party
shall not use the Confidential Information of the Disclosing Party other than as
expressly  permitted  under the terms of this Agreement or by a separate written
agreement.  The  Receiving  Party  shall  take  all  reasonable steps to prevent
unauthorized  disclosure  or  use  of  the  Disclosing  Party's  Confidential
Information  and  to  prevent it from falling into the public domain or into the
possession  of  unauthorized  persons.  The  Receiving  Party shall not disclose
Confidential  Information  of the Disclosing Party to any person or entity other
than  its  officers  or  employees  (or  outside  legal, financial or accounting
advisors) who need GLOBALNET to such Confidential Information in order to effect
the  intent  of  this  Agreement  and  who  have  entered  into  confidentiality
agreements  with  such  person's  employer  or  who  are  subject  to  ethical
restrictions  on  disclosure  which protects the Confidential Information of the
Disclosing  Party.  The  Receiving  Party  shall  immediately give notice to the
Disclosing  Party  of  any  unauthorized use or disclosure of Disclosing Party's

                                       42
<PAGE>

Confidential  Information.  The  Receiving Party agrees to assist the Disclosing
Party  to  remedy  such  unauthorized  use  or  disclosure  of  its Confidential
Information.  These  obligations shall not apply to the extent that Confidential
Information  includes  information  which:
          (a)     is  already  known  to  the  Receiving  Party  at  the time of
disclosure,  which  knowledge  the  Receiving  Party  shall  have  the burden of
proving;
          (b)     is, or through no act or failure to act of the Receiving Party
becomes,  publicly  known;
          (c)     is  received by the Receiving Party from a third party without
restriction on disclosure (although this exception shall not apply if such third
party  is  itself  violating  a  confidentiality  obligation  by  making  such
disclosure);
          (d)     is  independently  developed  by  the  Receiving Party without
reference  to  the  Confidential  Information  of  the  Disclosing  Party, which
independent  development  the  Receiving  Party will have the burden of proving;
(e)     is  approved  for  release  by  written  authorization of the Disclosing
Party;  or

          (f)     is  required  to  be disclosed by a Government Body to further
the  objectives  of  this Agreement or by a proper order of a court of competent
jurisdiction;  provided,  however  that  the  Receiving  Party will use its best
efforts  to  minimize  such  disclosure  and  will  consult  with and assist the
Disclosing  Party  in  obtaining  a  protective  order prior to such disclosure.

     5.5     Expenses.  Whether  or  not the Merger is consummated, all fees and
             --------
expenses  incurred  in connection with the Merger including, without limitation,
all  legal,  accounting,  financial  advisory, consulting and all other fees and
expenses  of  third  parties  ("Third  Party  Expenses")  incurred by a party in
connection  with the negotiation and effectuation of the terms and conditions of
this Agreement and the transactions contemplated hereby, shall be the obligation
of  the  respective  party  incurring  such  fees  and  expenses.

     5.6     Public  Disclosure.  Unless otherwise required by law, prior to the
             ------------------
Effective  Time, no disclosure (whether or not in response to an inquiry) of the
subject  matter  of  this  Agreement  shall  be  made by any party hereto unless
approved  by  Rich  Earth  and  GLOBALNET  prior  to release, provided that such
approval  shall  not  be  unreasonably  withheld.

     5.7     Consents.  Each  party  shall  use  its  best efforts to obtain the
             --------
consents, waivers and approvals as may be required in connection with the Merger
so  as  to  preserve  all  rights  of, and benefits to, such party following the
Merger.

     5.8     Reasonable Effort.  Subject to the terms and conditions provided in
             -----------------
this  Agreement,  each  of  the parties hereto shall use commercially reasonable
efforts to take promptly, or cause to be taken, all actions, and to do promptly,
or  cause to be done, all things necessary, proper or advisable under applicable
laws  and  regulations  to  complete  and  make  effective  the  transactions
contemplated hereby, to obtain all necessary waivers, consents and approvals and
to  effect all necessary registrations and filings and to remove any injunctions
or  other  impediments or delays, legal or otherwise, in order to consummate and
make  effective  the transactions contemplated by this Agreement for the purpose
of  securing  to the parties hereto the benefits contemplated by this Agreement.

     5.9     Notification  of  Certain  Matters.  Each  party  shall give prompt
             ----------------------------------
notice  to  the  other of (i) the occurrence or non-occurrence of any event, the
occurrence  or  non-occurrence of which is likely to cause any representation or
warranty of such party contained in this Agreement to be untrue or inaccurate at
or prior to the Effective Time and (ii) any failure of such party to comply with
or satisfy any covenant, condition or agreement to be complied with or satisfied
by  it hereunder; provided, however, that the delivery of any notice pursuant to
this  Section  shall not limit or otherwise affect any remedies available to the
party  receiving  such  notice.

     5.10     Additional  Documents  and Further Assurances.  Each party hereto,
              ---------------------------------------------
at  the  request  of  another party hereto, shall execute and deliver such other
instruments and do and perform such other acts and things as may be necessary or
desirable  for  effecting  completely the consummation of this Agreement and the
transactions  contemplated  hereby.

     5.11     Private  Placement.  Rich  Earth will complete a private placement
              ------------------
raising  a minimum of $6,000,000.  The private placement will be a unit offering
conducted  in  connection  with  this  Merger.  Each  "Unit" will consist of one
common  share  and one share purchase warrant.  Each warrant will be exercisable
for a period of six months for one additional share in the capital of Rich Earth
for $15.00 per share from the date of acquisition by the purchaser of the Units.
Rich  Earth may conduct an additional offering under the same terms prior to the
Closing  Date  with the consent of GLOBALNET prior to the Closing of this Merger
in  accordance  with  Section  4.2.  All  such  funds to be made available minus
expenses  to  Rich  Earth.
                                       43
<PAGE>

     5.12     Bridge  Loan.  Rich  Earth  will  arrange  or directly provide DTA
              ------------
Communications  Network, LLC with a bridge loan in the amount of $2,427,198 (the
"Loan").  The  Loan is to be evidenced by a promissory note with a maturity date
of (1)May 31, 2000, or (2) September 21, 2000 in the event the Closing shall not
occur.  The  parties  agree  the  loan may be repaid or assumed by Rich Earth on
closing  the  private  placement  contemplated  in  sub-section  5.11  above.

     5.13     Stock Purchase Agreement.  Imperium Capital (USA), Inc. will enter
              ------------------------
into a binding agreement with Robert Donahue to purchase Rich Earth Common Stock
for  an  aggregate  amount  of $1,500,000.  Imperium Capital (USA), Inc. will be
obligated  to  acquire  these  shares  from Robert Donahue within 30 days of the
Closing  Date  of  the  Effective  Date.

     5.14     Employment  Agreements.  Rich  Earth  shall  enter into employment
              ----------------------
agreements  with Robert Donahue and Colum Donahue (collectively, the "Donahues")
in  form  and  substance  acceptable  to  each  of  the  Donahues.

     5.15     Officers  and  Directors.  Rich  Earth  shall  cause each of their
              ------------------------
officers  and  directors to submit and such persons shall have submitted written
resignations  effective  as  of  the  Closing  and  the nominees selected as per
Section  1.5  shall have been appointed officers and directors of Rich Earth and
the  Surviving  Corporation,  as  applicable,  effective  as  of  the  Closing.

     5.16     Donahue  Designee's.  Robert  Donahue  and  the  shareholders  of
              -------------------
GlobalNet, pro rata based upon their percentage ownership interest in GlobalNet,
shall  designate  Patrick  Kealy  and  Carmine  Adimando to each receive 300,000
shares of Rich Earth Common Stock and such other persons within Robert Donahue's
sole  discretion  to receive not more than 2,000,000 shares of Rich Earth Common
Stock  in  the  aggregate.

     6.0     CONDITIONS  TO  THE  MERGER.

     6.1     Conditions  to Obligations of Each Party to Effect the Merger.  The
             -------------------------------------------------------------
respective  obligations  of  each  party  to this Agreement to effect the Merger
shall  be  subject  to the satisfaction at or prior to the Effective Time of the
following  conditions:
          (a)     No  Injunctions  or  Restraints;  Illegality.  No  temporary
                  --------------------------------------------
restraining  order, preliminary or permanent injunction or other order issued by
any  court  of  competent  jurisdiction  or other legal restraint or prohibition
preventing  the  consummation  of  the  Merger shall be in effect, nor shall any
proceeding  brought  by  an  administrative  agency  or  commission  or  other
governmental  authority  or instrumentality, domestic or foreign, seeking any of
the  foregoing  be pending; nor shall there be any action taken, or any statute,
rule, regulation or order enacted, entered, enforced or deemed applicable to the
Merger,  which  makes  the  consummation  of  the  Merger  illegal.
          (b)     Governmental  Approval.  Approvals  from Governmental Entities
                  ----------------------
(if  any)  deemed  appropriate or necessary by any party to this Agreement shall
have  been  timely  obtained.
          (c)     Litigation.  There  shall  be no bona fide action, suit, claim
                  ----------
or  proceeding  of  any  nature pending, or overtly threatened, against the Rich
Earth  or  GLOBALNET,  their  respective  properties or any of their officers or
directors, arising out of, or in any way connected with, the Merger or the other
transactions  contemplated  by  the  terms  of  this  Agreement.
          (d)     Minimum  Asset  Value.  Effective  as  of  the  Closing  and
                  ---------------------
excluding  expenses  as permitted hereunder, Rich Earth shall have not less than
$3,572,802  of  cash  and shall have no commitments, obligations or liabilities,
whether fixed, accrued or contingent, other than legal fees and disbursements or
as  otherwise  disclosed  or  set  forth  in  this  Agreement  or the Rich Earth
Disclosure  Schedule.  Rich  Earth  shall  have  loaned  to  DTA  Communications
Network,  LLC  or  to  its  subsidiaries  $2,127,198  in cash for payment by DTA
Communications  Network,  LLC  in  accordance  with the Transfer Agreement dated
March  6,  2000 between I:Comm Networks, LLC and DTA Communications Network, LLC
and  an  additional  $300,000  to  DTA  Communications  Network, LLC for working
capital  purposes  of  DTA  Communications  Network,  LLC  and  its  affiliates.

     6.2     Additional Conditions to Obligations of GLOBALNET.  The obligations
             -------------------------------------------------
of  GLOBALNET  to  consummate  and  effect  this  Agreement and the transactions
contemplated  hereby  shall  be  subject  to the satisfaction at or prior to the
Effective  Time of each of the following conditions, any of which may be waived,
in  writing,  exclusively  by  GLOBALNET:
          (a)     Representations,  Warranties  and  Covenants.  The
                  --------------------------------------------
representations and warranties of Rich Earth in this Agreement shall be true and
correct  in all material respects on and as of the Effective Time as though such
representations  and  warranties were made on and as of such time and Rich Earth
shall  have  performed  and complied in all material respects with all covenants
and  obligations of this Agreement required to be performed and complied with by
it  as  of  the  Effective  Time.
                                       44
<PAGE>

          (b)     Claims.  There  shall not have occurred any claims (whether or
                  ------
not  asserted  in  litigation)  which  may  materially  and adversely affect the
consummation  of  the  transactions  contemplated  hereby or may have a material
adverse  effect  on  Rich  Earth.
          (c)     Certificate  of President.  GLOBALNET shall have been provided
                  -------------------------
with  a  certificate  executed  on  behalf of Rich Earth by its President to the
effect  that,  as  of  the  Effective  Time:
               (i)     all representations and warranties made by the Rich Earth
in  this  Agreement  are  true  and  correct  in  all  material  respects;
               (ii)     all  covenants  and  obligations of this Agreement to be
performed by the Rich Earth on or before such date have been so performed in all
material  respects.
               (iii)     the  conditions  set  forth in Section 6.1 and 6.2 have
been  satisfied.
     6.3     Additional  Conditions  to  the  Obligations  of  Rich  Earth.  The
             -------------------------------------------------------------
obligations  of  Rich  Earth  to  consummate  and  effect this Agreement and the
transactions  contemplated  hereby  shall  be  subject to the satisfaction at or
prior  to  the  Effective Time of each of the following conditions, any of which
may  be  waived,  in  writing,  exclusively  by  Rich  Earth:

          (a)     Representations,  Warranties  and  Covenants.  The
                  --------------------------------------------
representations  and warranties of GLOBALNET in this Agreement shall be true and
correct  in all material respects on and as of the Effective Time as though such
representations  and  warranties  were  made on and as of the Effective Time and
GLOBALNET  shall  have  performed and complied in all material respects with all
covenants  and  obligations  of  this  Agreement  required  to  be performed and
complied  with  by  it  as  of  the  Effective  Time.
          (b)     Claims.  There  shall not have occurred any claims (whether or
                  ------
not  asserted  in  litigation)  which  may  materially  and adversely affect the
consummation  of  the  transactions  contemplated  hereby or may have a material
adverse  effect  on  GLOBALNET.
          (c)     Third  Party  Consents.  Any  and  all  consents, waivers, and
                  ----------------------
approvals  required  by  GLOBALNET  shall  have  been  obtained.
          (d)     Certificate of GLOBALNET.  Rich Earth shall have been provided
                  ------------------------
with  a  certificate  executed  on  behalf  of GLOBALNET by its President to the
effect  that,  as  of  the  Effective  Time:
               (i)     all  representations  and warranties made by GLOBALNET in
this  Agreement  are  true  and  correct  in  all  material  respects;  and
               (ii)     all  covenants  and  obligations of this Agreement to be
performed  by  GLOBALNET  on  or  before such date have been so performed in all
material  respects.
               (iii)     the  provisions  set  forth  in  Section  6.3 have been
satisfied.

     7.0     SURVIVAL  OF  REPRESENTATIONS  AND  WARRANTIES.

     7.1     Survival  of  Representations  and Warranties. All representations,
             ---------------------------------------------
warranties,  agreements, covenants contained in this Agreement shall survive for
a  period of three years from the anniversary date of the Effective Date; except
for  the representations and warranties relating or pertaining to any tax or tax
returns  by  the  parties  which  shall  survive  until  the  expiration  of all
applicable statutes of limitations, or extensions thereof, governing each tax or
tax  returns.

     8.0     TERMINATION,  AMENDMENT  AND  WAIVER.

     8.1     Termination.  Except as provided in Section 8.2, this Agreement may
             -----------
be  terminated and the Merger abandoned at any time prior to the Effective Time:
          (a)     by  mutual  consent  of  GLOBALNET  and  Rich  Earth;
          (b)     by  Rich  Earth or GLOBALNET if (a) the Effective Time has not
occurred  by  July  1, 2000; (b) there shall be a final nonappealable order of a
federal  or  state court in effect preventing consummation of the Merger; or (c)
there  shall  be  any statute, rule, regulation or order enacted, promulgated or
issued  or deemed applicable to the Merger by any Governmental Entity that would
make  consummation  of  the  Merger  illegal;
          (c)     by  either  party  if  there shall be any action taken, or any
statute,  rule,  regulation  or  order  enacted, promulgated or issued or deemed
applicable  to  the  Merger  by  any  Governmental Entity, which would  prohibit
GLOBALNET's ownership or operation of any portion of the business of Rich Earth;
          (d)     by  GLOBALNET  if  it  is  not  in  material  breach  of  its
obligations  under  this  Agreement  and there has been a material breach of any
representation,  warranty,  covenant or agreement contained in this Agreement on
the  part  of  Rich  Earth  and  such  breach has not been cured within ten (10)
calendar  days  after  written notice to Rich Earth; provided, however, that, no
                                                     --------  -------
cure  period shall be required for a breach which by its nature cannot be cured;
                                       45
<PAGE>

          (e)     by  Rich  Earth  if  it  is  not  in  material  breach  of its
obligations  under  this  Agreement  and there has been a material breach of any
representation,  warranty,  covenant or agreement contained in this Agreement on
the  part  of  GLOBALNET  and  such  breach  has  not been cured within ten (10)
calendar days after written notice to GLOBALNET; provided, however, that no cure
                                                 --------  -------
period  shall  be  required  for  a  breach which by its nature cannot be cured.

Where  action is taken to terminate this Agreement pursuant to this Section 8.1,
it  shall  be  sufficient  for  such  action  to  be  authorized by the Board of
Directors  (as  applicable)  of  the  party  taking  such  action.

     8.2     Effect  of  Termination.  In  the  event  of  termination  of  this
             -----------------------
Agreement as provided in Section 8.1, this Agreement shall forthwith become void
and  there  shall  be  no  liability  or obligation on the part of Rich Earth or
GLOBALNET,  or  their  respective  officers, directors or shareholders, provided
that  each party shall remain liable for any breaches of this Agreement prior to
its  termination; provided further that, the provisions of Sections 5.4, 5.5 and
5.6,  Section  9  and this Section 8.2 shall remain in full force and effect and
survive  any  termination  of  this  Agreement.

     8.3     Amendment.  This  Agreement may be amended by the parties hereto at
             ---------
any  time  by  execution of an instrument in writing signed on behalf of each of
the  parties  hereto.

     8.4     Extension;  Waiver.  At  any time prior to the Effective Time, Rich
             ------------------
Earth and GLOBALNET, may, to the extent legally allowed, (i) extend the time for
the  performance of any of the obligations of the other party hereto, (ii) waive
any  inaccuracies  in  the  representations  and  warranties  made to such party
contained  herein  or in any document delivered pursuant hereto, and (iii) waive
compliance  with  any  of  the  agreements or conditions for the benefit of such
party contained herein.  Any agreement on the part of a party hereto to any such
extension or waiver shall be valid only if set forth in an instrument in writing
signed  on  behalf  of  such  party.

     9.0     GENERAL  PROVISIONS.

     9.1     Notices.  All  notices  and other communications hereunder shall be
             -------
in  writing  and  shall be deemed given if delivered personally or by commercial
messenger  or courier service, or mailed by registered or certified mail (return
receipt  requested)  or  sent  via  facsimile  (with  acknowledgment of complete
transmission)  to  the  parties  at  the  following  addresses (or at such other
address  for  a  party as shall be specified by like notice), provided, however,
                                                              --------
that  notices  sent  by  mail  will  not  be  deemed  given  until  received:

(a)     if  to  Rich  Earth,  to:

     Venture  Law  Corporation
     688  West  Hastings  Street,  Suite  618
     Vancouver,  BC,  V6B  1P1
     Attention:  Alixe  B.  Cormick
     Telephone  No.:  (604)  659-9188
     Facsimile  No.:  (604)  659-9178

(b)     if  to  GLOBALNET,  to:

     GLOBALNET,  Inc.
     721  E.  Madison
     Villa  Park,  Illinois  60181
     Attention:  Robert  Donahue,  President
     Telephone  No.:  (630)  279-1735
     Facsimile  No.:  (630)  279-9720

and  copies  to:

     Cummings  &  Lockwood
     Four  Stamford  Plaza
     P.O.  Box  120
     Stamford,  Connecticut  06904-0120
     Attn:  David  E.  Fleming,  Esq.
     Telephone  No.:  (203)  327-1700
     Facsimile  No.:  (203)  351-4535
                                       46
<PAGE>

and  to:

     Greenhill  Partners,  P.C.
     555  Fifth  Avenue
     18th  Floor
     New  York,  NY  10017
     Attn:  Jonathan  S.  Greenhill,  Esq.
     Telephone  No.:  (212)  661-5500
     Facsimile  No.:  (212)  661-5509

     9.2     Interpretation.  The  words  include,  includes  and including when
             --------------
used  herein  shall  be  deemed in each case to be followed by the words without
limitation.  The headings contained in this Agreement are for reference purposes
only  and  shall  not  affect  in  any way the meaning or interpretation of this
Agreement.

     9.3     Counterparts.  This  Agreement  may  be  executed  in  one  or more
             ------------
counterparts,  all  of  which shall be considered one and the same agreement and
shall become effective when one or more counterparts have been signed by each of
the  parties  and  delivered  to  the  other party, it being understood that all
parties  need  not  sign  the  same  counterpart.

     9.4     Entire  Agreement; Assignment.  This Agreement, the Exhibits hereto
             -----------------------------
and  the documents and instruments and other agreements among the parties hereto
referenced  herein:  (a)  constitute the entire agreement among the parties with
respect  to  the  subject  matter  hereof and supersede all prior agreements and
understandings  both  written  and  oral  among  the parties with respect to the
subject  matter hereof, (b) are not intended to confer upon any other person any
rights  or remedies hereunder; and (c) shall not be assigned by operation of law
or  otherwise.

     9.5     Severability.  In the event that any provision of this Agreement or
             ------------
the  application  thereof,  becomes  or  is  declared  by  a  court of competent
jurisdiction  to  be  illegal,  void  or  unenforceable,  the  remainder of this
Agreement  will  continue  in  full force and effect and the application of such
provision to other persons or circumstances will be interpreted so as reasonably
to  effect  the  intent  of  the  parties  hereto.  The parties further agree to
replace  such void or unenforceable provision of this Agreement with a valid and
enforceable  provision  that will achieve, to the extent possible, the economic,
business  and  other  purposes  of  such  void  or  unenforceable  provision.

     9.6     Other  Remedies.  Except  as otherwise provided herein, any and all
             ---------------
remedies  herein expressly conferred upon a party will be deemed cumulative with
and not exclusive of any other remedy conferred hereby, or by law or equity upon
such  party, and the exercise by a party of any one remedy will not preclude the
exercise  of  any  other  remedy.

     9.7     Governing  Law.  This  Agreement shall be governed by and construed
             --------------
in  accordance with the laws of the State of Nevada, regardless of the laws that
might otherwise govern under applicable principles of conflicts of laws thereof.
Each  of  the  parties hereto irrevocably consents to the exclusive jurisdiction
and  venue of any court within Clark County, State of Nevada, in connection with
any  matter  based  upon  or  arising  out  of  this  Agreement  or  the matters
contemplated  herein,  agrees that process may be served upon them in any manner
authorized  by  the  laws of the State of Nevada for such persons and waives and
covenants  not  to assert or plead any objection which they might otherwise have
to  such  jurisdiction,  venue  and  such  process.

     9.8     Rules  of  Construction.  The  parties  hereto agree that they have
             -----------------------
been  represented  by  counsel  during  the  negotiation  and  execution of this
Agreement  and,  therefor, waive the application of any law, regulation, holding
or  rule  of  construction  providing  that ambiguities in an agreement or other
document  will  be  construed  against  the  party  drafting  such  agreement or
document.
                                       47
<PAGE>

IN  WITNESS  WHEREOF,  the  Parties have executed this Agreement as of March __,
2000.

GLOBALNET,  INC.                                       RICH  EARTH,  INC.

By:_____________________________                 By:___________________________
Name:  Robert  Donahue                              Name:  Xenios  Xenopoulous
Title:  Chief  Executive  Officer  and              Title:  President
GN  ACQUISITION  CORP.

By:___________________________
Name:
Title:

Agreed and accepted to as to Sections 1.7 and
 9 hereof:

VENTURE  LAW  CORPORATION

By:_____________________________
Name:
Title:

                                       48
<PAGE>EXHIBIT E

                                 GLOBALNET, INC.

                                 2000 STOCK PLAN

1.  PURPOSES  OF  THE  PLAN.  The purposes of this Stock Plan are to attract and
retain the best available personnel for positions of substantial responsibility,
to  provide  additional incentive to Employees, Directors and Consultants and to
promote  the  success  of the Company's business. Options granted under the Plan
may  be Incentive Stock Options or Non-statutory Stock Options, as determined by
the  Administrator  at  the  time  of  grant.  Stock Purchase Rights may also be
granted  under  the  Plan.

2.  DEFINITIONS.  As  used  in  this  Stock Plan, the following definitions will
apply:

   (a)  "ADMINISTRATOR"  means  the  Board  or  any of its Committees as will be
         administering  the  Plan  under  Section  4  of  the  Plan.
   (b)  "APPLICABLE  LAWS" means the requirements relating to the administration
of stock option plans under U.S. state corporate laws, U.S. federal and state
securities  laws,  the Code, any stock exchange or quotation system on which the
Common Stock is listed or quoted and the applicable laws of any other country or
jurisdiction  where Options or Stock Purchase Rights are granted under the Plan.
   (c)  "BOARD"  means  the  Board  of  Directors  of  the  Company.
   (d)  "CODE"  means  the  Internal  Revenue  Code  of  1986,  as  amended.
   (e)  "COMMITTEE"  means a committee of Directors appointed by the Board under
         Section  4  of  the  Plan.
   (f)  "COMMON  STOCK"  means  the  Common  Stock  of  the  Company.
   (g)  "COMPANY"  means  GlobalNet,  Inc.,  a  Nevada  corporation.
   (h)  "CONSULTANT"  means  any  person  who  is  engaged by the Company or any
         Parent or Subsidiary to render consulting or advisory services to such
         entity.
   (i)  "DIRECTOR"  means  a  member  of  the Board of Directors of the Company.
   (j)  "Disability"  means total and permanent disability as defined in Section
         22(e)(3)  of  the  Code.
   (k)  "EMPLOYEE"  means any person, including Officers and Directors, employed
by  the  Company  or any Parent or Subsidiary of the Company. A Service Provider
will  not  cease  to  be  an  Employee  in  the case of (i) any leave of absence
approved  by  the  Company or (ii) transfers between locations of the Company or
between  the Company, its Parent, any Subsidiary, or any successor. For purposes
of  Incentive  Stock  Options,  no  such  leave  may  exceed ninety days, unless
re-employment  on expiration of such leave is guaranteed by statute or contract.
If  re-employment on expiration of a leave of absence approved by the Company is
not  so  guaranteed,  on  the 181st day of such leave any Incentive Stock Option
held  by  the Optionee will cease to be treated as an Incentive Stock Option and
will  be  treated  for  tax  purposes  as  a Non-statutory Stock Option. Neither
service  as  a  Director  nor payment of a director's fee by the Company will be
sufficient  to  constitute  "employment"  by  the  Company.

                                       62
<PAGE>

   (l)  "EXCHANGE  ACT"  means  the Securities Exchange Act of 1934, as amended.
   (m)  "FAIR  MARKET  VALUE"  means,  as of any date, the value of Common Stock
         determined  as  follows:
       (i) If the Common Stock  is listed on any established stock exchange or a
           national   market system,  including  without  limitation the  Nasdaq
           National  Market  or  The  Nasdaq SmallCap Market of The Nasdaq Stock
           Market,  its  Fair Market Value will  be  the closing sales price for
           the stock (or the closing bid, if no sales were  reported)  as quoted
           on the exchange or system for the last market trading day  prior   to
           the time of determination, as reported in The Wall Street Journal  or
           any  other  source  as  the  Administrator  considers  reliable;
      (ii) If  the Common Stock  is  regularly quoted by a recognized securities
           dealer  but  selling  prices are not reported,  its Fair Market Value
           will be the mean  between the high bid and  low  asked prices for the
           Common Stock on the last market  trading  day  prior  to  the  day of
           determination;  or
     (iii) In the absence of an established market for  the  Common  Stock,  the
           Fair  Market  Value  will  be   determined  in  good  faith  by   the
           Administrator.

   (n)  "INCENTIVE  STOCK  OPTION"  means  an  Option  intended to qualify as an
         incentive stock option within the meaning of Section 422 of  the  Code.
   (o)  "NON-STATUTORY  STOCK OPTION" means an Option not intended to qualify as
         an  Incentive  Stock  Option.
   (p)  "OFFICER"  means  a  person  who is an officer of the Company within the
meaning  of  Section  16  of  the  Exchange  Act  and  the rules and regulations
promulgated  thereunder.
   (q)  "OPTION"  means  a  stock  option  granted  pursuant  to  the  Plan.
   (r)  "OPTION  AGREEMENT"  means a written or electronic agreement between the
Company  and  an  Optionee  evidencing the terms and conditions of an individual
Option grant. The Option Agreement is subject to the terms and conditions of the
Plan.
   (s)  "OPTION  EXCHANGE  PROGRAM"  means a program whereby outstanding Options
         are  exchanged  for  Options  with  a  lower  exercise  price.
   (t)  "OPTIONED  STOCK" means the Common Stock subject to an Option or a Stock
         Purchase  Right.
   (u)  "OPTIONEE"  means  the holder of an outstanding Option or Stock Purchase
         Right  granted  under  the  Plan.
   (v)  "PARENT"  means  a  "parent  corporation,"  whether  now  or  hereafter
         existing,  as  defined  in  Section  424(e)  of  the  Code.
   (w)  "PLAN"  means  this  2000  Stock  Plan.
   (x)  "RESTRICTED  STOCK"  means shares of Common Stock acquired pursuant to a
         grant  of  a  Stock  Purchase  Right  under  Section  11  below.
   (y)  "RULE  16B-3"  means  Rule 16b-3 of the Exchange Act or any successor to
         Rule  16b-3,  as  in  effect  when  discretion  is being exercised with
         respect to the Plan.
   (z)  "SECTION  16(B)"  means  Section  16(b)  of  the  Exchange  Act.
   (aa) "SERVICE  PROVIDER"  means  an  Employee,  Director  or  Consultant.
   (bb) "SHARE" means a share of the Common Stock, as adjusted under Section 12
         below.
                                       63
<PAGE>

   (cc) "STOCK  PURCHASE RIGHT" means a right to purchase Common Stock pursuant
         to  Section  11  below.
   (dd) "SUBSIDIARY" means a "subsidiary corporation," whether now or hereafter
         existing,  as  defined  in  Section  424(f)  of  the  Code.

3.  STOCK  SUBJECT  TO THE PLAN.  Subject to the provisions of Section 12 of the
Plan,  the  maximum aggregate number of Shares that may be subject to option and
sold  under  the  Plan  is  3,000,000  Shares.  The Shares may be authorized but
unissued,  or  reacquired  Common  Stock.

If  an  Option  or Stock Purchase Right expires or becomes unexercisable without
having  been exercised in full, or is surrendered pursuant to an Option Exchange
Program,  the  unpurchased  underlying  Shares  will become available for future
grant  or  sale under the Plan (unless the Plan has terminated). However, Shares
that  have  actually been issued under the Plan, on exercise of either an Option
or  Stock  Purchase  Right, will not be returned to the Plan and will not become
available  for  future  distribution  under  the  Plan, except that if Shares of
Restricted  Stock  are  repurchased  by  the  Company at their original purchase
price,  the  Shares  will  become  available  for  future  grant under the Plan.

4.  ADMINISTRATION  OF  THE  PLAN.

   (a)  PROCEDURE.

       (i)   MULTIPLE ADMINISTRATIVE BODIES.  The  Plan  may  be administered by
             different  Committees  with  respect to different groups of Service
             Providers.
       (ii)  SECTION  162(M). To the extent that the Administrator determines it
             to be desirable to  qualify  Options  granted  hereunder  as
             "performance-based compensation,"  within  the meaning of Section
             162(m) of the Code, the Plan will be  administered  by  a Committee
             of two or more "outside directors," within the meaning  of  Section
             162(m)  of  the  Code.
       (iii) RULE   16B-3.  To  the  extent  desirable  to  qualify transactions
             hereunder as exempt under Rule 16b-3, the transactions contemplated
             hereunder will  be  structured  to  satisfy  the  requirements  for
             exemption  under  Rule 16b-3.
       (iv)  OTHER  ADMINISTRATION. Other than as provided above, the Plan will
             be administered  by  (A)  the  Board  or  (B)  a  Committee,  which
             committee will be constituted  to  satisfy  Applicable  Laws.

   (b)  POWERS OF THE ADMINISTRATOR.  Subject to the provisions of the Plan and,
in  the  case  of a Committee, the specific duties delegated by the Board to the
Committee,  and  subject  to  the  approval  of  any  relevant  authorities, the
Administrator  will  have  the  authority  in  its  discretion:

       (i)    to  determine  the  Fair  Market  Value;
       (ii)   to select the Service Providers to whom Options and Stock Purchase
              Rights  may  from  time  to  time  be  granted  hereunder;
       (iii)  to  determine  the  number  of  Shares to be covered by each award
              granted under  the  Plan;
       (iv)   to  approve  forms  of  agreement  for  use  under  the  Plan;
                                       64
<PAGE>

       (v)    to  determine  the  terms  and  conditions, of any Option or Stock
              Purchase Right  granted  under the Plan.  The terms and conditions
              include, but are not limited  to, the exercise price, the time or
              times when Options or Stock Purchase Rights may be exercised
              (which may  be  based on performance criteria), Any vesting
              acceleration  or  waiver  of  forfeiture  restrictions,  and  any
              Restriction  or limitation  regarding  any  Option  or Stock
              Purchase Right  or underlying Common  Stock, based in each case on
              the factors  as  the Administrator, in its sole discretion,  will
              determine;
       (vi)   to determine whether and  under  what circumstances an Option may
              be settled  in  cash  under  subsection  9(e)  instead  of  Common
              Stock;
       (vii)  to reduce the exercise price of any Option to the then current
              Fair Market  Value if the Fair Market Value of the Common Stock
              covered by the Option has  declined  since  the  date  the  Option
              was  granted;
       (viii) to  initiate  an  Option  Exchange  Program;
       (ix)   to prescribe,  amend and rescind rules and regulations relating to
              the Plan, including rules and regulations  relating to sub-plans
              established for the purpose of qualifying for preferred  tax
              treatment  under foreign tax laws;
       (x)    to allow Optionees to satisfy withholding tax obligations by
              electing to  have  the Company withhold from the Shares to be
              issued on  exercise  of  an Option  or Stock Purchase Right that
              number of Shares having a Fair Market Value equal to the amount
              required to be withheld. The Fair Market Value of the Shares to be
              withheld will be determined on the date that  the  amount  of  tax
              to be withheld is to be determined. All elections by Optionees to
              have Shares withheld for this purpose   will   be  made  in  the
              form and under the conditions as the Administrator may  consider
              necessary  or  advisable;  and
       (xi)   to construe and interpret the terms of the Plan and awards granted
              pursuant  to  the  Plan.

   (c)  EFFECT  OF  ADMINISTRATOR'S DECISION.  All decisions, determinations and
interpretations of the Administrator will be final and binding on all Optionees.

5.  ELIGIBILITY.

   (a)   Non-statutory   Stock   Options   and   Stock  Purchase  Rights  may be
granted  to  Service  Providers.  Incentive Stock Options may be granted only to
Employees.

   (b)   Each  Option  will  be  designated in the Option Agreement as either an
Incentive Stock Option or a Non-statutory Stock Option. However, notwithstanding
the  designation,  to  the  extent  that  the aggregate Fair Market Value of the
Shares  with  respect  to  which Incentive Stock Options are exercisable for the
first  time  by  the  Optionee  during any calendar year (under all plans of the
Company  and  any  Parent  or  Subsidiary) exceeds $100,000, the Options will be
treated  as  Non-statutory  Stock  Options.  For  purposes of this Section 5(b),
Incentive  Stock  Options  will be taken into account in the order in which they
were  granted.  The Fair Market Value of the Shares will be determined as of the
time  the  Option  with  respect  to  the  Shares  is  granted.
                                       65
<PAGE>

   (c)  Neither  the  Plan nor any Option or Stock Purchase Right will confer on
any Optionee any right with respect to continuing the Optionee's relationship as
a  Service  Provider with the Company, nor will it interfere in any way with his
or  her  right or the Company's right to terminate the relationship at any time,
with  or  without  cause.

   (d)  The  following  limitations  will  apply  to  grants  of  Options:
       (i)   No   Service  Provider  will  be granted, in any fiscal year of the
             Company, Options  to  purchase  more  than  ___________  Shares.
       (ii)  In connection with his or her initial service, a Service Provider
             may be granted  Options to purchase up to an additional _________
             Shares which will not  count  against  the  limit  set  forth  in
             subsection  (i)  above.
      (iii)  The  foregoing  limitations  will  be  adjusted  proportionately in
             connection  with  any  change  in  the  Company's capitalization
             as described in Section  12.
      (iv)   If an Option  is  cancelled in the same fiscal year of the Company
             in  which  it  was granted (other than in connection with a
             transaction described in Section  12),  the cancelled Option will
             be counted against the limits set forth in subsections (i) and (ii)
             above. For this purpose, if the exercise price of an Option  is
             reduced,  the  transaction will be treated as a cancellation of the
             Option  and  the  grant  of  a  new  Option.

6.  TERM  OF PLAN.  The Plan will become effective on its adoption by the Board.
It  will continue in effect for a term of ten (10) years unless terminated at an
earlier  date  under  Section  14  of  the  Plan.

7.  TERM  OF  OPTION.  The  term  of  each  Option  will be stated in the Option
Agreement;  provided, however, that the term will be no more than ten (10) years
from  the  date of grant. In the case of an Incentive Stock Option granted to an
Optionee  who,  at  the time the Option is granted, owns stock representing more
than  ten  percent  (10%)  of  the  voting  power of all classes of stock of the
Company  or  any  Parent  or Subsidiary, the term of the Option will be five (5)
years  from the date of grant or a shorter term as may be provided in the Option
Agreement.

8.  OPTION  EXERCISE  PRICE  AND  CONSIDERATION.

   (a)  OPTION EXERCISE PRICE.  The per share exercise price for the Shares
to  be issued on exercise of an Option will be the price as is determined by the
Administrator,  but  will  be  subject  to  the  following:
       (i)   In  the  case  of  an  Incentive  Stock  Option
             (A) granted to an Employee who, at the time of grant of the Option,
                 owns stock representing more than ten percent  (10%)  of the
                 voting power of all classes  of stock of the Company or any
                 Parent or Subsidiary, the exercise price will  be  no  less
                 than  110% of the Fair Market Value per Share on the date of
                 grant.
                                       66
<PAGE>

             (B) granted  to any other Employee, the per Share exercise price
                 will be  no less  than  100%  of  the  Fair  Market  Value
                 per  Share on the date of grant.
       (ii)  In the case of a Non-statutory Stock Option, the per Share exercise
             price  will  be  determined by the Administrator. In the case of a
             Non-statutory Stock  Option intended to qualify as "performance-
             based compensation" within the meaning  of  Section 162(m) of the
             Code, the per Share exercise price will be no less  than  100%  of
             the  Fair  Market  Value  per  Share on the date of grant.

       (iii) Notwithstanding  the  foregoing,  Options may be granted with a per
             Share exercise price other than as required  above pursuant to a
             merger or other corporate  transaction.

   (b)  CONSIDERATION.  The consideration to be paid for the Shares to be issued
on exercise of an Option, including the method of payment, will be determined by
the  Administrator  (and,  in  the  case  of  an Incentive Stock Option, will be
determined  at  the  time  of  grant).  The  consideration  may  consist  of:
       (i)   cash,
       (ii)  check,
       (iii) promissory  note,
       (iv)  other  Shares  which:
             (A) in the case of Shares acquired on exercise of an Option, have
                 been owned by the Optionee for more than six  months  on  the
                 date of surrender, and
             (B) have a Fair Market Value on the date of surrender equal to  the
                 aggregate  exercise  price  of  the  Shares  as  to  which  the
                 Option  will be exercised,
       (v)   consideration  received  by  the Company under a cashless exercise
             program implemented by the  Company in connection  with  the  Plan,
             or
       (vi)  any combination of  the  foregoing  methods  of  payment. In making
             its determination as  to  the type of consideration to accept,  the
             Administrator will consider if acceptance of the consideration may
             be Reasonably expected  to  benefit  the  Company.

9.  EXERCISE  OF  OPTION.

   (a)   PROCEDURE   FOR   EXERCISE;   RIGHTS   AS  A  SHAREHOLDER.  Any  Option
granted under the Plan will be exercisable according to the terms of the Plan at
the times, and under any other conditions as determined by the Administrator and
set  forth in the Option Agreement. Unless the Administrator provides otherwise,
vesting  of  Options granted to Officers and Directors will be tolled during any
unpaid  leave  of  absence.  An  Option may not be exercised for a fraction of a
Share.

An  Option  will  be  considered  exercised  when  the  Company  receives:

       (i)   written or electronic notice of exercise (under the Option
             Agreement) from  the  person  entitled  to  exercise  the  Option,
             And
       (ii)  full payment for the  Shares  with  respect to  which the Option is
             exercised.
                                       67
<PAGE>

Full  payment  may consist of any consideration and method of payment authorized
by  the Administrator and permitted by the Option Agreement and the Plan. Shares
issued  on  exercise of an Option will be issued in the name of the Optionee or,
if requested by the Optionee, in the name of the Optionee and his or her spouse.
Until  the Shares are issued (as evidenced by the appropriate entry on the books
of  the Company or of a duly authorized transfer agent of the Company), no right
to  vote  or  receive  dividends or any other rights as a shareholder will exist
with  respect  to  the  Shares,  notwithstanding the exercise of the Option. The
Company  will issue (or cause to be issued) the Shares promptly after the Option
is exercised. No adjustment will be made for a dividend or other right for which
the  record  date is prior to the date the Shares are issued, except as provided
in  Section  12  of  the  Plan.

Exercise  of  an Option in any manner will result in a decrease in the number of
Shares  thereafter  available,  both for purposes of the Plan and for sale under
the  Option,  by  the  number  of  Shares  as  to which the Option is exercised.

   (b)  TERMINATION  OF  RELATIONSHIP  AS  A  SERVICE  PROVIDER.  If an Optionee
ceases  to  be  a  Service Provider, the Optionee may exercise his or her Option
within  the period of time as is specified in the Option Agreement to the extent
that the Option is vested on the date of termination (but in no event later than
the  expiration of the term of the Option as set forth in the Option Agreement).
In  the  absence  of  a  specified time in the Option Agreement, the Option will
remain  exercisable  for  three (3) months following the Optionee's termination.
If,  on  the  date  of  termination, the Optionee is not vested as to his or her
entire  Option,  the  Shares  covered by the unvested portion of the Option will
revert to the Plan. If, after termination, the Optionee does not exercise his or
her  Option  within  the  time  specified  by the Administrator, the Option will
terminate,  and  the  Shares  covered  by  the  Option  will revert to the Plan.

   (c)  DISABILITY  OF OPTIONEE.  If an Optionee ceases to be a Service Provider
as  a  result of the Optionee's Disability, the Optionee may exercise his or her
Option  within the period of time as is specified in the Option Agreement to the
extent  the  Option  is vested on the date of termination (but in no event later
than  the  expiration  of  the  term  of  the  Option as set forth in the Option
Agreement).  In  the  absence  of  a specified time in the Option Agreement, the
Option  will  remain exercisable for twelve (12) months following the Optionee's
termination.  If,  on  the date of termination, the Optionee is not vested as to
his  or  her  entire  Option,  the Shares covered by the unvested portion of the
Option  will  revert  to  the Plan. If, after termination, the Optionee does not
exercise his or her Option within the time specified, the Option will terminate,
and  the  Shares  covered  by  the  Option  will  revert  to  the  Plan.

                                       68
<PAGE>

  (d)    DEATH  OF  OPTIONEE.   If  an  Optionee  dies while a Service Provider,
the  Option  may  be  exercised within the period of time as is specified in the
Option  Agreement  to  the extent that the Option is vested on the date of death
(but  in  no  event  later  than the expiration of the term of the Option as set
forth  in  the  Option  Agreement)  by  the Optionee's estate or by a person who
acquires  the  right  to  exercise  the Option by bequest or inheritance. In the
absence  of  a  specified  time  in the Option Agreement, the Option will remain
exercisable  for twelve (12) months following the Optionee's termination. If, at
the  time  of  death,  the  Optionee  is not vested as to the entire Option, the
Shares  covered by the unvested portion of the Option will immediately revert to
the  Plan.  If  the  Option  is  not so exercised within the time specified, the
Option  will  terminate, and the Shares covered by the Option will revert to the
Plan.

   (e)  BUYOUT  PROVISIONS.  The  Administrator may at any time offer to buy out
for  a  payment  in  cash  or Shares, an Option previously granted, based on the
terms  and conditions as the Administrator will establish and communicate to the
Optionee  at  the  time  that  the  offer  is  made.

10.  NON-TRANSFERABILITY  OF OPTIONS AND STOCK PURCHASE RIGHTS.  The Options and
Stock  Purchase  Rights  may  not  be  sold,  pledged,  assigned,  hypothecated,
transferred,  or  disposed of in any manner other than by will or by the laws of
descent  or  distribution  and  may  be  exercised,  during  the lifetime of the
Optionee,  only  by  the  Optionee.

11.  STOCK  PURCHASE  RIGHTS.

   (a)   RIGHTS   TO   PURCHASE.   Stock   Purchase  Rights may be issued either
alone,  in  addition  to,  or in tandem with other awards granted under the Plan
and/or  cash awards made outside of the Plan. After the Administrator determines
that  it  will  offer  Stock  Purchase Rights under the Plan, it will advise the
offeree  in  writing or electronically of the terms, conditions and restrictions
related  to  the  offer,  including the number of Shares that the person will be
entitled to purchase, the price to be paid, and the time within which the person
must  accept  the offer. The offer will be accepted by execution of a Restricted
Stock  purchase  agreement  in  the  form  determined  by  the  Administrator.

     (b)     REPURCHASE  OPTION.  Unless the Administrator determines otherwise,
the  Restricted  Stock  purchase  agreement  will grant the Company a repurchase
option  exercisable  on  the  voluntary  or  involuntary  termination  of  the
purchaser's  service  with  the  Company  for  any  reason  (including  death or
disability).  The  purchase  price  for  Shares  repurchased  pursuant  to  the
Restricted  Stock  purchase  agreement  will  be  the original price paid by the
purchaser  and  may be paid by cancellation of any indebtedness of the purchaser
to  the  Company.  The  repurchase  option  will  lapse  at  the  rate  as  the
Administrator  may  determine.

     (c)     OTHER  PROVISIONS.  The  Restricted  Stock  purchase agreement will
contain  any  other  terms,  provisions and conditions not inconsistent with the
Plan  as  may  be  determined  by  the  Administrator  in  its  sole discretion.
                                       69
<PAGE>

     (d)     RIGHTS  AS  A  SHAREHOLDER.  Once  the  Stock  Purchase  Right  is
exercised,  the  purchaser will have rights equivalent to those of a shareholder
and  will be a shareholder when his or her purchase is entered on the records of
the  duly  authorized  transfer agent of the Company. No adjustment will be made
for a dividend or other right for which the record date is prior to the date the
Stock Purchase Right is exercised, except as provided in Section 12 of the Plan.

12.  ADJUSTMENTS  ON  CHANGES  IN  CAPITALIZATION,  MERGER  OR  ASSET  SALE.

     (a)     CHANGES  IN  CAPITALIZATION.  Subject to any required action by the
stockholders  of  the  Company,  the number of shares of Common Stock covered by
each  outstanding  Option  or  Stock Purchase Right, and the number of shares of
Common  Stock  which  have been authorized for issuance under the Plan but as to
which  no  Options  or Stock Purchase Rights have yet been granted or which have
been  returned  to  the Plan on cancellation or expiration of an Option or Stock
Purchase  Right,  as well as the price per share of Common Stock covered by each
outstanding Option or Stock Purchase Right, will be proportionately adjusted for
any  increase  or  decrease  in  the  number  of  issued  shares of Common Stock
resulting  from  a stock split, reverse stock split, stock dividend, combination
or  reclassification  of  the Common Stock, or any other increase or decrease in
the  number  of  issued  shares  of  Common  Stock  effected  without receipt of
consideration  by  the  Company. The conversion of any convertible securities of
the  Company  will  not  be considered to have been "effected without receipt of
consideration." The adjustment will be made by the Board, whose determination in
that respect will be final, binding and conclusive. Except as expressly provided
in  this  Plan,  no  issuance by the Company of shares of stock of any class, or
securities  convertible  into  shares of stock of any class, will affect, and no
adjustment  will  be  made  to,  the  number  or price of shares of Common Stock
subject  to  an  Option  or  Stock  Purchase  Right.

   (b)  DISSOLUTION OR LIQUIDATION.  In the event of the proposed dissolution or
liquidation  of the Company, the Administrator will notify the Optionee not less
than  fifteen  (15)  days prior to the proposed action. To the extent it has not
been  previously  exercised,  the  Option or Stock Purchase Right will terminate
immediately  prior  to  the  consummation  of  the  proposed  action.

   (c)  MERGER.  In the event of a merger, sale or reorganization of the Company
with  or  into  any  other  corporation  or  corporations  or  a  sale of all or
substantially  all  of  the assets or outstanding stock of the Company, in which
transaction  the Company's stockholders immediately prior to the transaction own
immediately  after the transaction less than 50% of the equity securities of the
surviving  corporation  or its parent, all Options that have not been terminated
under the Stock Option Agreement that will become vested within 18 months of the
closing  date  of the merger, sale or reorganization will be accelerated. In the
event  of  a  merger  of  the  Company  with  or  into another corporation, each
outstanding  Option  or  Stock  Purchase  Right  may be assumed or an equivalent

                                       70
<PAGE>

option  or  right may be substituted by the successor corporation or a parent or
subsidiary  of  the  successor corporation. If, in the event, an Option or Stock
Purchase Right is not assumed or substituted, the Option or Stock Purchase Right
will  terminate as of the date of the closing of the merger. For the purposes of
this  paragraph,  the  Option or Stock Purchase Right will be considered assumed
if,  following  the merger, the Option or Stock Purchase Right confers the right
to  purchase  or receive, for each Share of Optioned Stock subject to the Option
or  Stock  Purchase  Right  immediately  prior  to the merger, the consideration
(whether stock, cash, or other securities or property) received in the merger by
holders  of  Common  Stock  for  each  Share  held  on the effective date of the
transaction  (and if the holders are offered a choice of consideration, the type
of consideration chosen by the holders of a majority of the outstanding Shares).
If  the  consideration  received in the merger is not solely common stock of the
successor  corporation or its Parent, the Administrator may, with the consent of
the  successor  corporation, provide for the consideration to be received on the
exercise of the Option or Stock Purchase Right, for each Share of Optioned Stock
subject  to the Option or Stock Purchase Right, to be solely common stock of the
successor  corporation or its Parent equal in fair market value to the per share
consideration  received  by  holders  of  Common  Stock  in  the  merger.

13.  NON-TRANSFERABILITY  OF  OPTIONS  AND  STOCK  PURCHASE  RIGHTS.  Unless
determined otherwise by the Administrator, an Option or Stock Purchase Right may
not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any
manner  other  than by will or by the laws of descent or distribution and may be
exercised,  during  the  lifetime  of the Optionee, only by the Optionee. If the
Administrator  makes  an Option or Stock Purchase Right transferable, the Option
or  Stock Purchase Right will contain all additional terms and conditions as the
Administrator  considers  appropriate.

14. TIME OF GRANTING OPTIONS AND STOCK PURCHASE RIGHTS.  The date of grant of an
Option  or Stock Purchase Right will, for all purposes, be the date on which the
Administrator  makes  the  determination  granting  the Option or Stock Purchase
Right,  or  any  other date as is determined by the Administrator. Notice of the
determination  will be given to each Service Provider to whom an Option or Stock
Purchase  Right  is  so  granted  within a reasonable time after the date of the
grant.

15.  AMENDMENT  AND  TERMINATION  OF  THE  PLAN.

   (a)   AMENDMENT  AND  TERMINATION.  The  Board may at any time amend, alter,
suspend  or  terminate  the  Plan.

   (b)   SHAREHOLDER  APPROVAL.   The   Board  will obtain shareholder approval
of  any  Plan  amendment  to  the  extent necessary and desirable to comply with
Applicable  Laws.

   (c)    EFFECT   OF   AMENDMENT  OR  TERMINATION.  No  amendment,  alteration,
suspension  or  termination  of the Plan will impair the rights of any Optionee,
unless  mutually  agreed  otherwise  between the Optionee and the Administrator,
which  agreement  must be in writing and signed by the Optionee and the Company.
Termination  of the Plan will not affect the Administrator's ability to exercise
the powers granted to it with respect to Options granted under the Plan prior to
the  date  of  termination.

                                       71
<PAGE>

16.  CONDITIONS  ON  ISSUANCE  OF  SHARES.

   (a)  LEGAL COMPLIANCE.  Shares will not be issued pursuant to the exercise of
an Option unless the exercise of the Option and the issuance and delivery of the
Shares  will  comply  with  Applicable  Laws  and will be further subject to the
approval  of  counsel  for  the  Company  with  respect  to  such  compliance.

   (b)  INVESTMENT  REPRESENTATIONS.  As  a  condition  to  the  exercise  of an
Option,  the  Administrator  may  require  the  person  exercising the Option to
represent  and  warrant  at  the  time  of  exercise  that  the Shares are being
purchased  only  for  investment  and  without  any present intention to sell or
distribute  the  Shares  if,  in  the opinion of counsel for the Company, such a
representation  is  required.

17.  INABILITY  TO  OBTAIN  AUTHORITY.  The  inability  of the Company to obtain
authority  from  any  regulatory  body  having  jurisdiction, which authority is
considered  by  the Company's counsel to be necessary to the lawful issuance and
sale  of  any  Shares  the  Plan,  will  relieve the Company of any liability in
respect  of  the  failure  to issue or sell the Shares as to which the requisite
authority  may  not  have  been  obtained.

18.  RESERVATION  OF SHARES.  The Company, during the term of this Plan, will at
all  times  reserve and keep available a sufficient  number of Shares to satisfy
the  requirements  of  the  Plan.

19.  SHAREHOLDER  APPROVAL.  The  Plan  will  be  subject  to  approval  by  the
shareholders of the Company within twelve (12) months after the date the Plan is
adopted. Shareholder approval must be obtained in the degree and manner required
under  Applicable  Laws.
                                       72
<PAGE>

                                 GLOBALNET, INC.

                                 2000 STOCK PLAN

                             STOCK OPTION AGREEMENT

Unless  otherwise  defined  in this Stock Option Agreement, the terms defined in
the  2000  Stock  Plan  will have the same defined meanings in this Stock Option
Agreement.

1.  NOTICE  OF  STOCK  OPTION  GRANT.

     NAME:  ______________________________  "Optionee"

The Optionee has been granted an Option to purchase Common Stock of the Company,
subject  to  the  terms and conditions of the Plan and this Option Agreement, as
follows:

DATE  OF  GRANT:  __________________________

VESTING  COMMENCEMENT  DATE:  _____________      "VCD"

EXERCISE  PRICE  PER  SHARE:  _________________

TOTAL  NUMBER  OF  SHARES  GRANTED:  __________  Number  of  shares

TOTAL  EXERCISE  PRICE:  _____________________   Total  Price

TYPE  OF  OPTION:  _________________________     Incentive  Stock  Option

                   _________________________     Non-statutory  Stock  Option

TERM/EXPIRATION  DATE:  ___________________

VESTING  SCHEDULE:

The  vesting  schedule  shall  be  determined  by  the Administrator in its sole
discretion.

TERMINATION  PERIOD:

This  Option  will  be  exercisable  for one month after Optionee ceases to be a
Service  Provider.  On  Optionee's  death  or  Disability,  this  Option  may be
exercised  for  one  year  after Optionee ceases to be a Service Provider. In no
event  may  Optionee  exercise  this  Option  after  the Term/Expiration Date as
provided  above.

2.  AGREEMENT.
                                       73
<PAGE>

2.     GRANT  OF  OPTION.  The  Plan  Administrator of the Company grants to the
Optionee named in the Notice of Grant (the "Optionee"), an option (the "Option")
to  purchase  the  number  of  Shares  set  forth in the Notice of Grant, at the
exercise  price  per  Share  set  forth  in  the  Notice of Grant (the "Exercise
Price"),  and  subject  to  the  terms  and  conditions  of  the  Plan, which is
incorporated by reference. Subject to Section 14(c) of the Plan, in the event of
a  conflict  between  the  terms  and  conditions  of  the  Plan and this Option
Agreement,  the  terms  and  conditions  of  the  Plan  will  prevail.

If  designated in the Notice of Grant as an Incentive Stock Option ("ISO"), this
Option is intended to qualify as an Incentive Stock Option as defined in Section
422  of  the Code. Nevertheless, to the extent that it exceeds the $100,000 rule
of  Code  Section  422(d),  this Option will be treated as a Non-statutory Stock
Option  ("NSO").

3.     EXERCISE  OF  OPTION.

     (i) RIGHT  TO  EXERCISE. This  Option  will  be exercisable during its term
under  the  Vesting  Schedule  set  out  in  the  Notice  of  Grant and with the
applicable  provisions  of  the  Plan  and  this  Option  Agreement.

    (ii) METHOD  OF EXERCISE.  This Option will be exercisable by delivery of an
exercise  notice in the form attached as Exhibit A (the "Exercise Notice") which
will  state  the  election  to  exercise  the  Option, the number of Shares with
respect  to  which  the Option is being exercised, and any other representations
and  agreements  as  may be required by the Company. The Exercise Notice will be
accompanied  by  payment  of  the  aggregate  Exercise Price as to all Exercised
Shares. This Option will be considered to be exercised on receipt by the Company
of a fully executed Exercise Notice accompanied by the aggregate Exercise Price.

          No  Shares will be issued pursuant to the exercise of an Option unless
the  issuance  and  exercise complies with Applicable Laws. Assuming compliance,
for  income  tax  purposes  the  Shares  will  be  considered transferred to the
Optionee  on  the  date  on  which  the  Option is exercised with respect to the
Shares.

3.  METHOD  OF  PAYMENT.  Payment of the aggregate Exercise Price will be by any
of  the  following,  or  a  combination of the following, at the election of the
Optionee:

   (a)  cash  or  check;

   (b)  consideration  received  by the Company under a formal cashless exercise
program  adopted  by  the  Company  in  connection  with  the  Plan;  or

   (c)  surrender  of  other  Shares  which:

       (i)   in the  case of Shares acquired on exercise of an option, have been
             owned by the  Optionee  for  more than  six (6) months on the date
             of surrender, and
      (ii)   have a Fair Market  Value on  the  date  of  surrender equal to the
             aggregate  Exercise  Price  of  the  Exercised  Shares.
                                       74
<PAGE>

4.  RESTRICTIONS  ON EXERCISE.  This Option may not be exercised until such time
as  the  Plan  has  been  approved by the shareholders of the Company, or if the
issuance of the Shares on the exercise or the method of payment of consideration
for  the  shares  would  constitute  a  violation  of  any  Applicable  Law.

5.  NON-TRANSFERABILITY  OF  OPTION.  This  Option may not be transferred in any
manner  otherwise than by will or by the laws of descent or distribution and may
be  exercised during the lifetime of Optionee only by Optionee. The terms of the
Plan and this Option Agreement will be binding on the executors, administrators,
heirs,  successors  and  assigns  of  the  Optionee.

6.  TERM  OF  OPTION.  This Option may be exercised only within the term set out
in the Notice of Grant, and may be exercised during the term only under the Plan
and  the  terms  of  this  Option.

7.  TAX CONSEQUENCES.  Set forth below is a brief summary as of the date of this
Option  of  some  of the federal tax consequences of exercise of this Option and
disposition  of  the Shares. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX
LAWS  AND  REGULATIONS  ARE SUBJECT TO CHANGE. THE OPTIONEE SHOULD CONSULT A TAX
ADVISER  BEFORE  EXERCISING  THIS  OPTION  OR  DISPOSING  OF  THE  SHARES.

   (a)  EXERCISE OF NSO.  There may be a regular federal income tax liability on
the  exercise  of  an  NSO.  The  Optionee  will  be  treated as having received
compensation  income (taxable at ordinary income tax rates) equal to the excess,
if  any, of the Fair Market Value of the Shares on the date of exercise over the
Exercise  Price.  If  Optionee  is an Employee or a former Employee, the Company
will  be  required  to  withhold  from  Optionee's  compensation or collect from
Optionee and pay to the applicable taxing authorities an amount in cash equal to
a percentage of this compensation income at the time of exercise, and may refuse
to  honor  the  exercise and refuse to deliver Shares if the withholding amounts
are  not  delivered  at  the  time  of  exercise.

   (b)  EXERCISE  OF  ISO.  If this Option qualifies as an ISO, there will be no
regular federal income tax liability on the exercise of the Option, although the
excess,  if  any, of the Fair Market Value of the Shares on the date of exercise
over  the  Exercise  Price  will  be treated as an adjustment to the alternative
minimum  tax  for  federal  tax  purposes  and  may  subject the Optionee to the
alternative  minimum  tax  in  the  year  of  exercise.

   (c)  DISPOSITION  OF  SHARES.  In  the case of an NSO, if Shares are held for
not  less  than one year, any gain realized on disposition of the Shares will be
treated  as  long-term capital gain for federal income tax purposes. In the case
of  an  ISO,  if Shares transferred pursuant to the Option are held for not less
than  one  year  after exercise and of not less than two years after the Date of
Grant,  any  gain  realized on disposition of the Shares will also be treated as
long-term  capital  gain  for  federal  income tax purposes. If Shares purchased
under  an  ISO are disposed of within one year after exercise or two years after
the  Date  of  Grant,  any  gain realized on such disposition will be treated as
compensation  income  (taxable  at  ordinary  income rates) to the extent of the
difference  between  the  Exercise  Price  and  the  lesser  of:
                                       75
<PAGE>

       (i)   the Fair Market Value  of the Shares  on  the  date of exercise, or
       (ii)  the sale price of the  Shares. Any additional gain will be taxed as
             capital  gain,  short-term  or  long-term  depending  on the period
             that the ISO Shares  were  held.

   (d)  NOTICE  OF  DISQUALIFYING  DISPOSITION  OF  ISO  SHARES.  If  the Option
granted  to  Optionee  is an ISO, and if Optionee sells or otherwise disposes of
any  of  the  Shares  acquired  pursuant  to  the ISO on or before the later of:

       (i)   the  date  two  years  after  the  Date  of  Grant,  or
       (ii)  the date one  year  after  the  date of exercise, the Optionee will
             immediately  notify  the  Company  in writing of such  disposition.
             Optionee  agrees  that  Optionee may be subject to income tax
             withholding by the Company on the  compensation  income  recognized
             by  the  Optionee.

8.  ENTIRE AGREEMENT; GOVERNING LAW.  The Plan is incorporated by reference. The
Plan  and  this  Option Agreement constitute the entire agreement of the parties
and  supersede  in  their  entirety all prior undertakings and agreements of the
Company  and Optionee with respect to Options and Stock Purchase Rights, and may
not  be  modified  adversely  to  the  Optionee's  interest except by means of a
writing  signed  by  the Company and Optionee. This agreement is governed by the
internal  substantive  laws  but  not  the  choice  of  law  rules  of  Nevada.

9.  NO  GUARANTEE  OF  CONTINUED SERVICE.  OPTIONEE ACKNOWLEDGES AND AGREES THAT
THE VESTING OF SHARES PURSUANT TO THE APPLICABLE VESTING SCHEDULE IS EARNED ONLY
BY  CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (NOT THROUGH THE
ACT  OF  BEING  HIRED, BEING GRANTED THIS OPTION OR ACQUIRING SHARES HEREUNDER).
OPTIONEE  FURTHER  ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE TRANSACTIONS
CONTEMPLATED  HEREUNDER  AND  THE ATTACHED VESTING SCHEDULE DO NOT CONSTITUTE AN
EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE
VESTING  PERIOD,  FOR  ANY  PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY
WITH  OPTIONEE'S  RIGHT  OR  THE  COMPANY'S  RIGHT  TO  TERMINATE  OPTIONEE'S
RELATIONSHIP  AS  A  SERVICE  PROVIDER  AT  ANY  TIME,  WITH  OR  WITHOUT CAUSE.

Optionee  acknowledges  receipt  of a copy of the Plan and represents that he or
she  is  familiar  with  the  terms and provisions of the Plan, and accepts this
Option  subject  to  all  of  the terms and provisions of the Plan. Optionee has
reviewed  the  Plan and this Option in their entirety, has had an opportunity to
obtain  the  advice  of  counsel  prior  to  executing  this  Option  and  fully
understands  all provisions of the Option. Optionee agrees to accept as binding,
conclusive  and  final  all decisions or interpretations of the Administrator on
any  questions arising under the Plan or this Option. Optionee further agrees to
notify the Company on  any  change  in  the  residence  address indicated below.

                                       76
<PAGE>

OPTIONEE:                                                GLOBALNET,  INC.

_________________________________              _________________________________
Signature                                      By:_______________________

_________________________________              _________________________________
Print  Name                                     Title

_________________________________
Social  Security  Number

Residential  Address:

_________________________________

_________________________________

                                CONSENT OF SPOUSE

The  undersigned  spouse  of  Optionee  has  read  and  approves  the  terms and
conditions  of  the  Plan  and  this  Option  Agreement. In consideration of the
Company's  granting  his or her spouse the right to purchase Shares as set forth
in  the Plan and this Option Agreement, the undersigned agrees to be irrevocably
bound  by  the  terms  and  conditions of the Plan and this Option Agreement and
further  agrees  that  any community property interest shall be similarly bound.
The  undersigned  appoints  the undersigned's spouse as attorney-in-fact for the
undersigned  with  respect to any amendment or exercise of rights under the Plan
or  this  Option  Agreement.

_________________________________
Spouse  of  Optionee

                                       77
<PAGE>

                                    EXHIBIT A

                                 2000 STOCK PLAN
                                 EXERCISE NOTICE

GlobalNet,  Inc.
721  E.  Madison
Villa  Park,  Illinois  60181

     1.  EXERCISE  OF  OPTION.  Effective  as  of  today, ___________, 20__, the
undersigned  ("Optionee")  elects  to  exercise  Optionee's  option  to purchase
_________  shares  of  the  Common  Stock (the "Shares") of GlobalNet, Inc. (the
"Company")  under and pursuant to the 2000 stock plan (the "Plan") and the stock
option  agreement  dated  ________, 20__ (the "Option Agreement").  The purchase
price  for  the  Shares shall be $________, as required by the Option Agreement.

     2.  DELIVERY  OF  PAYMENT.  Purchaser has delivered to the Company the full
purchase  price  of  the  Shares.

     3.  REPRESENTATIONS  OF  OPTIONEE.  Optionee acknowledges that Optionee has
received,  read  and  understood the Plan and the Option Agreement and agrees to
abide  by  and  be  bound  by  their  terms  and  conditions.

     4.  RIGHTS  AS SHAREHOLDER.  Until the issuance of the Shares (as evidenced
by  the  appropriate  entry  on the books of the Company or of a duly authorized
transfer  agent  of  the  Company), no right to vote or receive dividends or any
other  rights  as  a  shareholder will exist with respect to the Optioned Stock,
notwithstanding  the  exercise  of  the Option. The Shares will be issued to the
Optionee  as  soon  as  practicable after the Option is exercised. No adjustment
will be made for a dividend or other right for which the record date is prior to
the  date  of  issuance  except  as  provided  in  Section  12  of  the  Plan.

     5.  TAX  CONSULTATION.  Optionee  understands  that  Optionee  may  suffer
adverse  tax  consequences  as a result of Optionee's purchase or disposition of
the  Shares.  Optionee  represents  that  Optionee  has  consulted  with any tax
consultants  Optionee  considers  advisable  in  connection with the purchase or
disposition  of  the  Shares and that Optionee is not relying on the Company for
any  tax  advice.

     6.  INTERPRETATION.  Any  dispute  regarding  the  interpretation  of  this
Exercise  Notice  will be submitted by Optionee or by the Company immediately to
the Administrator which will review the dispute at its next regular meeting. The
resolution  of  a  dispute by the Administrator will be final and binding on all
parties.

     7.  ENTIRE  AGREEMENT/GOVERNING  LAW.  The  Plan  and  Option Agreement are
incorporated  by reference. This Exercise Notice, the Plan, the Option Agreement
and  the  Investment Representation Statement constitute the entire agreement of
the  parties concerning Options and Stock Purchase Rights and supersede in their

                                       78
<PAGE>

entirety  all  prior  undertakings  and  agreements  of the Company and Optionee
concerning  Options and Stock Purchase Rights, and may not be modified adversely
to  the  Optionee's  interest except by means of a writing signed by the Company
and Optionee.  This Exercise Notice is governed by the internal substantive laws
but  not  the  choice  of  law  rules,  of  Nevada.

SUBMITTED  BY:                                 ACCEPTED  BY:

OPTIONEE:                                      GLOBALNET,  INC.

_________________________________              _________________________________
Signature                                      By:_______________________

_________________________________              _________________________________
Print  Name                                     Title

_________________________________
Social  Security  Number

                                            Date Received: _____________________

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