Document:

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                                                                    Exhibit 10.4

                                ESCROW AGREEMENT

            THIS ESCROW AGREEMENT (the "Escrow Agreement") is entered into as of
this 20h day of September 1999 between Worldwide Data, Inc. a Delaware
corporation (the "COMPANY"), Generation Capital Associates, a New York limited
partnership ("GCA") and one or more other parties who are the purchasers of
Debenture(s) and who become signatories to this Escrow Agreement (GCA and such
other signatories are herein referred to as ("PURCHASER(S)") and David A.
Rapaport, Esq. as ESCROW AGENT (the "ESCROW AGENT"). The COMPANY, PURCHASER(S),
and the ESCROW AGENT shall from time to time be referred to herein as the
"PARTIES." This Escrow Agreement is being entered into in accordance with the
terms of the "Worldwide Data, Inc. Financing Terms Agreement Dated as of
September 20, 1999 ("Financing Agreement") executed by the COMPANY and GCA on
September 21 , 1999. (Capitalized terms not otherwise defined in this Escrow
Agreement shall have the meanings as defined in the Financing Agreement, the
Debenture(s) anchor the GCA Warrants, and, in turn, the form of Conversion
Notice and Principal Reduction Grid attached to the Debenture(s), the terms and
provisions of which are incorporated herein by reference.)

                                    RECITALS

      A. The COMPANY has agreed to sell, and PURCHASER(S) to purchase,
Debenture(s) which are convertible into the common stock of the COMPANY ("Common
Stock") at the average closing bid prices of Company's Common Stock as quoted by
NASDAQ level III for the five-day trading period (the "Average Price") ending on
the day prior to the Effective Date times (x) 60 % ("Multiplier). The Multiplier
shall be decreased to a minimum of 35% at the rate of one percentage point per
month commencing one hundred twenty days from the Closing Date for each month or
part thereof that the Conversion Shares and/or Warrants Shares have not been
registered for resale under the Securities Act of 1933 ("Securities Act") and
may not be sold under SEC Rule 144.

      B. To facilitate the delivery of the Debenture(s) upon receipt of payment
from PURCHASER(S) to the ESCROW AGENT the Company has delivered to the ESCROW
AGENT five (5) Debentures which have been duly executed by the Company but which
are blank as to name and address of the PURCHASER(S), principal amount and date
of issuance.

      C. To facilitate delivery to PURCHASER(S) of the Conversion Shares for the
two hundred fifty thousand dollars ($250,000) of Debenture(s) and the exercise
of the GCA Warrants, the COMPANY has deposited with the ESCROW AGENT four
hundred thousand (400,000) shares of legended Common Stock, for delivery to
PURCHASER(S) upon any partial or total conversion of the Debenture(s) and/or
partial or total exercise of the GCA Warrants. From time to time the Company may
be required to deposit with the ESCROW AGENT additional shares of Common Stock
The initial deposit of four hundred thousand (400,000) shares of Common Stock
and subsequent deposits of Common Stock shall be called "Escrow Shares." The
ESCROW AGENT shall deposit the Escrow Shares in a brokerage account standing in
the name of the ESCROW AGENT and shall not cause the release of any of such
Escrow Shares to
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PURCHASER(S) prior to the receipt by the ESCROW AGENT and the COMPANY, via
facsimile, of a duly executed Conversion Notice and/or GCA Warrants exercise
notice.

      D. To facilitate the issuance and delivery of Debenture(s) and the
exercise of the GCA Warrants the ESCROW AGENT has agreed to receive funds from
prospective purchasers of Debenture(s) and /or holders of GCA Warrants (the
"Escrow Funds"). The ESCROW AGENT reserves the right in his sole discretion to
return any Escrow Funds to the person from whom such Escrow Funds were received
for any reason whatsoever.

      E. ESCROW AGENT has agreed to act as the ESCROW AGENT hereunder, in
accordance with the terms and conditions set forth in this Escrow Agreement.

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

1. Recitals. The Recitals set forth above are true and correct and incorporated
herein by this reference.

2. Appointment of ESCROW AGENT. The PARTIES hereby mutually appoint and
designate the ESCROW AGENT to receive, hold, complete (as to the Debenture(s))
and release, as ESCROW AGENT the Escrow Shares, the five (5) Debentures, and
Escrow Funds, and the ESCROW AGENT hereby accepts such appointment, subject to
the terms of this ESCROW AGREEMENT.

3. Escrow Delivery. Within three business days from the date of execution of
this Escrow Agreement, the COMPANY shall deliver or cause to be delivered the
five (5) executed Debenture(s) and the certificates representing the Escrow
Shares to the ESCROW AGENT.

      3.1. The Debenture(s). ESCROW AGENT SHALL hold, complete and release the
five (5) executed Debenture(s) as follows:

      3.1(a). To PURCHASER(S) or COMPANY, as the case may be, pursuant to, and
upon receipt by ESCROW AGENT of, joint written instructions executed by a
PURCHASER(S) and the COMPANY; or

      3.1(b). To PURCHASER(S). As soon as reasonably practical after the receipt
of immediately available funds for the purchase of a Debenture(s) with written
instructions setting forth the name and address of PURCHASER(S) the ESCROW AGENT
shall complete a blank Debenture with the name and address of the PURCHASER,
principal amount and date of issuance. The date of issuance shall be the date
the ESCROW AGENT receives immediately available funds. The ESCROW AGENT shall
deliver the completed Debenture(s) to the PURCHASER(S) and the escrowed funds by
wire transfer to the COMPANY, together with a copy of the completed
Debenture(s); or

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            3.1(c). To the COMPANY upon the earlier of (i) the date upon which
Debenture(s) for the entire two hundred fifty thousand dollars ($250,000) have
been issued, or (ii) September 30, 1999.

      3.2. The Escrow Shares. ESCROW AGENT shall hold and release the Escrow
      Shares as follows:

      3.2(a). To PURCHASER(S) or COMPANY, as the case may be, pursuant to, and
upon receipt by ESCROW AGENT of, joint written instructions executed by
PURCHASER(S) and the COMPANY; or

      3.2 (b). To PURCHASER(S) or HOLDER(S), as soon as reasonably practical
after receipt from PURCHASER(S) or HOLDER(S) of a Conversion Notice such number
of Escrow Shares equal to such amount of the outstanding principal of the
Debenture(s), in whole or in part, as specifically provided by PURCHASER(S) or
HOLDER(S) in a Conversion Notice which complies with the terms of, and the form
of which is attached to, the Debenture(s), which Conversion Notice is delivered
to the ESCROW AGENT and the COMPANY at the time and as further set forth in the
Debenture(s), at a conversion price set forth in the Debenture(s). PURCHASER(S)
and/or HOLDER(S) may continue to convert such amounts outstanding under the
Debenture(s) until the maturity thereof (as may be extended by PURCHASER(S)
and/or HOLDER(S) in accordance with the terms of the Debenture(s)); ESCROW AGENT
agrees to insert on the Principal Reduction Grid such outstanding amounts
converted and the outstanding amount remaining under the Debenture(s) in
accordance with the amounts so provided to ESCROW AGENT by PURCHASER(S) and/or
HOLDER(S) as reflected in each Conversion Notice, as further set forth in the
Debenture(s) and deliver to PURCHASER(S) and/or HOLDER(S) a copy of such revised
Principal Reduction Grid; ESCROW AGENT also agrees as soon as reasonably
practicable after receipt of the Conversion Notice to transmit by facsimile to
the Company a copy of such Principal Reduction Grid; or

      3.2 (c) To GCA or subsequent holders ("HOLDER(S)") of GCA Warrants, as
soon as reasonably practical after receipt of a completed notice of exercise
together with the original GCA Warrants and payment for the exercise price (if
applicable) such number of Escrow Shares equal to the number of shares being
exercised under the GCA Warrants. As soon as reasonably practical after receipt
from PURCHASER(S) and/or HOLDER(S) the ESCROW AGENT shall send to the Company
copies of the notice of exercise together with the original GCA Warrants; and
the exercise payment, if the GCA Warrants have been exercised for cash.

      3.2(d). To the COMPANY, the balance of any remaining Escrow Shares (except
for up to 25,000 Escrow Shares held for the exercise of the GCA Warrants) upon
the earlier of presentation of evidence satisfactory to the ESCROW AGENT that
(i) the Debenture(s) has been fully converted into Escrow Shares with interest
paid in full or (ii) the Debenture(s) has been repaid by the COMPANY to
PURCHASER(S) and/or HOLDER(S) pursuant to the terms thereof. The balance of any
remaining Escrow Shares held for the exercise of the GCA Warrants

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shall be returned to the Company upon the earlier of (i) five (5) days following
the expiration date of the GCA Warrants, or (ii) the exercise in full of the GCA
Warrants.

      3.2(e). If the ESCROW AGENT is required to deliver Escrow Shares at a time
when such shares have not been registered for resale under the securities laws
or eligible for sale under Rule 144, the ESCROW AGENT shall cause the transfer
agent of the WWDI common stock to place a standard Rule 144 restrictive legend
on the certificates for such shares prior to delivery to Holder(s) and to enter
a stop transfer order for such certificates.

      3.3 Recomputation of Escrow Shares.

      3.3(a) If at any time, or from time to time, the ESCROW AGENT is holding
less than 200% of the number of Escrow Shares required to convert the remaining
principal balance of the Debenture(s) based on the then Average Price, plus the
number of Escrow Shares (up to 25,000) required to permit the exercise of the
GCA Warrants, the ESCROW AGENT and/or Holder(s) may request in writing that the
Company deposit enough additional shares of Common Stock with the ESCROW AGENT
so that the ESCROW AGENT is holding 200% of the number of Escrow Shares required
to convert such remaining principal balance of the Debenture(s), plus the number
of Escrow Shares (up to 25,000) required to permit the exercise of the GCA
Warrants. The failure of the Company to deliver such additional Escrow Shares
within five business days of such demand shall be a material default of the
Debenture(s) and in addition to any other remedies, including without limitation
specific performance shall entitle the Holder(s) to an immediate distribution of
Escrow Shares in an amount equal to 25,000 Escrow Shares, plus an additional
2,500 Escrow Shares for each day after the tenth business day such failure to
deliver the additional shares of Common Stock continues. (Such distribution
shall be made by the ESCROW AGENT to the Holder(s) pro-rata to the principal
amount of Debenture(s) held by each Holder.)

      3.3(b) Any alleged breach of the above Section 3.3(a) shall entitle
PURCHASER(S), HOLDER(S) and/or ESCROW AGENT to immediate pre-trial injunctive
relief and COMPANY acknowledges that PURCHASER(S), HOLDER(S) and/or ESCROW AGENT
have no adequate remedy at law for an alleged breach of Section 3.3(a).

      3.4. Conflicting Instructions.

      3.4(a) If a controversy arises between the PARTIES concerning the Escrow
Funds, the Escrow Shares, or the Debenture(s) hereunder, they shall notify the
ESCROW AGENT. In that event (or, in the absence of such notification, if in the
sole and exclusive judgment of the ESCROW AGENT such controversy exists,
including, without limitation, a controversy concerning the Financing Agreement,
the Escrow Funds, the Debenture(s), or the GCA Warrants or this Escrow Agreement
or the rights and obligations or the propriety of any action contemplated by the
ESCROW AGENT hereunder), the ESCROW AGENT shall not be required to resolve such
controversy or take an action but may, in his sole discretion, be entitled to
await

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resolution of the controversy by written instructions from the PARTIES or by
receipt of an order, decree, writ, judgment or other paper from a court of
competent jurisdiction directing disposition of the Escrow Funds, the Escrow
Shares, or the Debenture(s).

      3.4(b) Upon receipt of written instructions from PURCHASER(S), HOLDER(S)
or the COMPANY, or a determination by the ESCROW AGENT that there is a
controversy concerning the Escrow Funds, the Debenture(s), or this Escrow
Agreement, the ESCROW AGENT may, in his sole discretion, also institute an
interpleader action in the Superior Court of the State of Georgia, Fulton County
(the "Court") or in a federal court in the State of Georgia. If a suit is
commenced against the ESCROW AGENT, it may answer by way of interpleader and
name. PURCHASER(S), HOLDER(S) and COMPANY, as additional parties to such action,
and the ESCROW AGENT may tender the Escrow Funds, the Debenture(s) or the Escrow
Shares, into such court for determination of the respective rights, titles and
interests of the PURCHASER(S), HOLDER(S) and the COMPANY. Upon such tender, the
ESCROW AGENT shall be entitled to receive from the Company his reasonable
attorneys' fees and expenses incurred in connection with said interpleader
action or in any related action or suit (including appeal). As between
PURCHASER(S), HOLDER(S) and COMPANY, such fees, expenses and other sums shall be
paid by the party which fails to prevail in the proceedings brought to determine
the appropriate distribution of the Escrow Funds, the Escrow Shares or the
Debenture(s). If and when the ESCROW AGENT shall so interplead such parties, or
any of them, and deliver the Escrow Funds, the Escrow Shares and the
Debenture(s) to the clerk of such court, all of his duties hereunder shall
cease, and he shall have no further obligation in this regard. Nothing herein
shall prejudice any right or remedy of the ESCROW AGENT. The exclusive venue for
all actions under this Escrow Agreement shall be Fulton County, Georgia.

4. Concerning ESCROW AGENT.

      4.1. ESCROW AGENT's Duties.

      4.1(a). ESCROW AGENT's Right to Rely; Duties. The ESCROW AGENT may act in
reliance upon any writing or instrument or signature which he, in his sole
discretion, believes to be genuine, including facsimile signatures; may assume
the validity and accuracy of any statements or assertions contained in such
writing or instrument; and may assume that any person purporting to give any
writing, notice, advice or instruction in connection with the provisions hereof,
has been duly authorized to do so.

      4.1(b). The ESCROW AGENT shall not be liable in any manner or otherwise be
responsible to any party to this Escrow Agreement, or to any other individual or
entity, including, without limitation, the COMPANY, PURCHASER(S) or HOLDER(S)
(i) for the sufficiency or correctness as to form, manner of execution, or
validity of any written instructions delivered to him, including without
limitation, the number of Conversion Shares specified by

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PURCHASER(S) or HOLDER(S) in any Conversion Notice to be issued pursuant to such
request (for which the PARTIES expressly agree ESCROW AGENT shall have no
liability to such Parties), nor (ii) as to the identity, authority, or rights of
any person executing the same, nor (iii) for the period of time, to send and/or
transfer Escrow Shares to PURCHASER(S) or HOLDER(S).

      4.1(c). Waiver of Potential Conflict. COMPANY and PURCHASER(S) acknowledge
that the ESCROW AGENT is the General Counsel of GCA, and its affiliates and by
signing this Escrow Agreement below hereby acknowledges and consents to the
continued representation by the ESCROW AGENT of GCA and its affiliates,
including, if necessary and without limitation, the ESCROW AGENT's
representation of GCA and its affiliates in connection with the Financing
Agreement, the Escrow Funds, the Debenture(s) and this Escrow Agreement.

      4.1(d) Indemnification. The ESCROW AGENT may consult with counsel of his
own choice and shall have full and complete authorization and protection for any
action taken or suffered by it hereunder in good faith and in accordance with
the opinion of such counsel. The ESCROW AGENT shall otherwise not be liable for
any mistakes of fact or error of judgment, or for any acts or omissions of any
kind unless caused by his willful misconduct or gross negligence and each of the
COMPANY and PURCHASER(S) jointly and severally agrees to indemnify and hold
harmless the ESCROW AGENT from any claims, demands, causes of action,
liabilities, damages or judgments, including the cost of defending any action
against it, together with any reasonable attorneys' fees of any nature
(including appeal) incurred therewith in connection with ESCROW AGENT's
undertakings pursuant to the terms and conditions of this Escrow Agreement,
unless such act or omission is a result of the willful misconduct or gross
negligence of the ESCROW AGENT.

      4.1(e). No Implied Duties. ESCROW AGENT shall have no implied obligations
or responsibilities hereunder, nor shall he have any obligation or
responsibility to collect funds or seek the deposit of money or property, nor is
the ESCROW AGENT a party to any other agreement entered into among PURCHASER(S)
and/or the COMPANY.

      4.2. Other Matters. ESCROW AGENT (and any successor ESCROW AGENT or
agents) reserves the right to resign as the ESCROW AGENT at any time, provided
thirty (30) days' prior written notice is given to the other parties hereto. If
a notice of appointment of a successor ESCROW AGENT is not delivered to the
ESCROW AGENT within thirty (30) days after notice of resignation, the ESCROW
AGENT may petition any court of competent jurisdiction to name a successor
ESCROW AGENT, and the ESCROW AGENT herein shall be fully relieved of all
liability to any and all parties upon the transfer of all cash or property in
his possession under the Escrow Agreement to the successor ESCROW AGENT either
designated or appointed by such court. The Parties reserve the right to jointly
remove the ESCROW AGENT at any time, provided fifteen (15) days' prior written
notice is given to the ESCROW AGENT. In the event of litigation or dispute by
the Parties in which the performance of the duties of the ESCROW AGENT is at
issue, the ESCROW AGENT shall take no action until such action is

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agreed to in writing by the Parties or directed by receipt of an order, decree,
writ, judgment or other paper from a court of competent jurisdiction.

5. Termination. This Escrow Agreement shall be terminated upon the release of
the Escrow Funds, the Debenture(s) and the Escrow Shares in accordance with the
terms and conditions of Section 3 hereof, or otherwise by written mutual consent
signed by all PARTIES hereto.

6. Notice. Notices to be given hereunder shall be in writing and shall be deemed
to have been sufficiently given if delivered personally or sent by overnight
courier or messenger or sent by registered or certified mail (air mail if
overseas), return receipt requested, or by telex, facsimile transmission,
telegram or similar means of communication. Notice shall be deemed to have been
received on the date and time of personal delivery, telex, facsimile
transmission, telegram or similar means of communication, or if sent by
overnight courier or messenger, shall be deemed to have been received on the
next delivery day after deposit with the courier or messenger, of if sent by
certified or registered mail, return receipt requested, shall be deemed to have
been received on the third business day after the date of mailing. Notices shall
be given to the following addresses:

      If to the Company:

                  Worldwide Data, Inc.
                  36 Toronto Street, Suite 250
                  Toronto, Ontario
                  Canada, M5C 2C5

                  Fax: 416/214-6299
                  Tel: 416/214-6296

                  Attn: Bronson Conrad, President

      With copy to:

                  Stephen Davis, Esq.
                  Heller, Ehrman, White & McCauliffe
                  711 Fifth Avenue
                  New York, NY 10022-3194

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                  Fax: 212/832-3353
                  Tel: 212/832-3194

      If to the PURCHASER(S):

                  Generation Capital Associates
                  Suite 4900
                  20 Exchange Place, 49th Floor
                  New York, NY 10005

                  Fax: 212/514-7679
                  Tel: 212/514-7650
                  Attn: Frank E. Hart, General Partner

      If to the ESCROW AGENT:

                  David A. Rapaport, Esq.
                  333 Sandy Springs Circle, Suite 230
                  Atlanta, GA 30328
                  Facsimile No.: (404) 257-9125
                  Tel No.:       (404) 257-9150

7. Benefit and Assignment. This Escrow Agreement shall be binding upon and shall
inure to the benefit of the PARTIES hereto and their respective successors and
assigns as permitted hereunder. No person or entity other than the PARTIES
hereto is or shall be entitled to bring any action to enforce any provision in
this Escrow Agreement. Such Escrow Agreement shall be solely for the benefit of,
and shall be enforceable only by, the PARTIES hereto or their respective
successors and assigns.

8. Entire Agreement, Amendment. This Escrow Agreement contains the entire
agreement among the PARTIES with respect to the subject matter hereof and
supersedes all prior oral or written agreements, commitments or understandings
with respect to such matters. This Escrow

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Agreement may not be changed orally, but only by an instrument in writing signed
by the party against whom enforcement of any waiver, change modification,
extension or discharge is sought.

9. Governing Law; Venue. This Escrow Agreement shall be governed and construed
under and in accordance with the laws of the State of Georgia. Each of COMPANY
and PURCHASER(S) hereby irrevocably and unconditionally: (a) submits for itself
and its property in any legal action or proceeding relating to this Escrow
Agreement, or for recognition and enforcement of any judgment in respect
thereof, to the non-exclusive jurisdiction of any Federal or State courts
located in Fulton County, Georgia and appellate courts from any thereof; (b)
consents that any such action or proceeding may be brought in such courts and
waives any objection that it may now or hereafter have to the venue of any such
action or proceeding in any such court or that such action or proceeding was
brought in an inconvenient court and agrees not to plead or claim the same; (c)
agrees that service of process in any such action or proceeding may be effected
by mailing a copy thereof by registered or certified mail (or any substantially
similar form of mail), postage prepaid, to it at his address set forth herein or
at such other address of which ESCROW AGENT shall have been notified in writing
pursuant thereto; and (d) agrees that nothing herein shall affect the right to
effect service of process in any other manner permitted by law or shall limit
the right to sue in any other jurisdiction.

10. WAIVERS OF JURY TRIAL. THE PARTIES HERETO HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING
TO THIS ESCROW AGREEMENT OR FOR ANY COUNTERCLAIM THEREIN.

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

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

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

                                        WORLDWIDE DATA, INC.

                                        By: /s/ Bronson Conrad
                                            ------------------------------------
                                            Bronson Conrad, President

                                        GENERATION CAPITAL ASSOCIATES

                                        By:
                                            ------------------------------------
                                            Frank E. Hart, General Partner

ESCROW AGENT:

------------------------------------
David A. Rapaport, Esq.

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              [FORM OF SIGNATURE PAGE FOR ADDITIONAL PURCHASERS:]

The undersiged has purchased a Debenture(s) from Worldwide Data, Inc. and
accordingly agrees to be bound by all of the terms of the attached Escrow
Agreement.

------------------------------------

------------------------------------
                Name

------------------------------------
               Address

------------------------------------
          City, State, Zip

------------------------------------
              Telephone

------------------------------------
                 Fax

------------------------------------
      Fed Tax I.D. # or S.S. #

                                       11<PAGE>

                                                                    Exhibit 10.5

                              WORLDWIDE DATA, INC.
                            STOCK PURCHASE AGREEMENT

            PURCHASE AGREEMENT made as of this 6th day of April, 1999, between
Worldwide Data, Inc. (the "Company"), a Delaware corporation, and Montaque
Securities International, a corporation with its principal place of business in
Nassau, the Bahamas (the "Purchaser").

            WHEREAS, the Company, through its wholly-owned subsidiary, Worldwide
Online Corp, ("Worldwide Canada"), is engaged in the business of providing
Internet-based services, including Internet-access services and the creation of
intranets and web-sites for corporations (the "Offered Services") and the
Company is presently developing an on-line trading service, an on-line auction
service, a service which enables users to send faxes via the Internet and a
service which allows users to make voice calls via the Internet (the "Developing
Services," together with the Offered Services, the "Services");

            WHEREAS, in order to finance the marketing and further development
of the Company's Services, the Company wishes to issue and sell to the
Purchaser, and the Purchaser wishes to purchase from the Company, on the Closing
Date (as herein defined), 65,000 shares of the Company's common stock (the
"Shares") on the terms and subject to the conditions hereinafter set forth.

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

I.    ISSUANCE AND SALE OF THE SHARES; REPRESENTATIONS, WARRANTIES AND COVENANTS
      OF PURCHASER

      a. Subject to the terms and conditions set forth herein, on the Closing
Date, the Company shall issue and sell and the Purchaser hereby agrees to
purchase from the Company, the Shares at a purchase price of one dollar ($1.00)
per Share and the Company agrees to issue and sell such Shares to the Purchaser
for said price.

            Subject to the terms and conditions set forth herein, within five
(5) days after the Closing Date, the Company shall issue and deliver to
Purchaser a certificate in definitive form, registered in the name of the
Purchaser or such Purchaser's nominee, evidencing the Shares so issued and sold
to such Purchaser hereunder. The Purchaser further agrees that payment for the
Shares shall be made to the Company, in accordance with any instructions from
the Company regarding such payment, in good funds on or before April 6, 1999,
unless such date is extended by the Company (the "Closing Date").
<PAGE>

      b. The Purchaser acknowledges that it (a) is acquiring the Shares for its
own account for the purpose of investment and not with a view to or for sale in
connection with any distribution thereof in violation of the Securities Act of
1933, as amended (the "Act"); (b) either alone or together with its advisors,
has sufficient knowledge and experience in business, investment and financial
matters to evaluate the merits and risks of this investment; and (c) is able to
bear the substantial economic risks of this investment and, at the present time,
could afford a complete loss of such investment.

      c. The Purchaser represents that it has been furnished by the Company,
during the course of this transaction, with all information regarding the
Company and its principals which it had requested or desired to know; that all
documents which could be reasonably provided have been made available for the
Purchaser's inspection and review; and that the Purchaser has been afforded the
opportunity to ask questions of and receive answers from duly authorized
officers and/or other representatives of the Company concerning the terms and
conditions of the sale of Shares, along with any additional information which it
had requested.

      d. The Purchaser acknowledges that it is aware that this sale of Shares
has not been reviewed by the Securities and Exchange Commission ("SEC") because
of the Company's representations that it is intended to be a nonpublic sale
pursuant to Section 4(2) of the Act and the provisions of Rule 504 of Regulation
D thereunder, or otherwise exempt from registration under the Act.

      e. The Purchaser represents that it is an "Accredited Investor" as that
term is defined in Rule 501 of Regulation D promulgated under the Act.

      f. The Purchaser is not taking, and will not take or cause to be taken,
any action that would cause the Purchaser to be deemed an underwriter, as
defined in Section 2(11) of the Act, with respect to the Shares.

      g. The Purchaser understands that the Shares are being offered and sold in
reliance on specific exemptions from the registration requirements of Federal
and state securities laws and that the Company is relying upon the truth and
accuracy of the representations, warranties, agreements, acknowledgements and
understandings set forth herein and in the Investor Questionnaire attached
hereto as Schedule I in order to determine the applicability of such exemptions
and the suitability of the Purchaser to acquire the Shares.

      h. The Purchaser has the full right, power and authority to enter into
this agreement. The execution, delivery and performance of this agreement by the
Purchaser has been duly and validly authorized and approved by all necessary
corporate action, if any. This agreement is a valid and binding agreement of the
Purchaser enforceable in accordance with its terms, except as such
enforceability may be limited by (a) bankruptcy, insolvency, reorganization or
other similar laws and legal and

                                       2
<PAGE>

equitable principles limiting or affecting the rights of creditors generally
and/or (b) general principles of equity, regardless of whether considered in a
proceeding in equity or at law.

      i. The Purchaser maintains a domicile or business at the address shown on
the signature page of this Agreement, at which address the Purchaser has
subscribed for the Shares hereunder in compliance with the local laws thereof.

      j. The Purchaser recognizes that an investment in the Company involves a
high degree of risk, acknowledges that it may lose its entire investment and has
full cognizance of and understands the risk factors related to an investment in
the Company, which include, but are not limited to:

            (i) Losses; Uncertainty of Profitability. Since its inception in
      1995 through the date hereof, the Company, through Worldwide Canada, has
      incurred accumulated losses of $1.2 million. The Company continues to
      incur net losses on a monthly basis and there can be no assurance that the
      Company will achieve profitable operations or that Worldwide Canada will
      generate meaningful revenues in the future.

            (ii) Uncertainty of Business Plan. The Company's plan of operation
      and future prospects are largely dependant upon the Company's continuing
      ability to offer its Intranet-access services, to create intranets and web
      sites for corporations and to offer and develop and market its Internet
      fax and voice call services, WorldFAX and WorldVOICE, as well as its
      on-line trading and auction services, on a timely and cost effective
      basis. There can be no assurance of continued market acceptance of the
      Company's Offered Services or that unanticipated problems, expenses or
      technical difficulties will not occur which would result in
      discontinuation or material delays in the Offered Services. In addition,
      there can be no assurance that the Company's Developing Services will be
      successfully developed and implemented or that the Company will be able to
      continue to develop and market WorldFAX and WorldVOICE successfully. The
      likelihood of achievement of the Company's business plan must be
      considered in light of the fact that the Company operates in a rapidly
      evolving industry characterized by intense competition and an increasing
      and substantial number of new market entrants and new Internet products
      and services. See "Risk Factors - Increasing Competition; Minimal Barriers
      to Entry." No assurance can be given that the Company will achieve its
      business plan or generate sufficient revenues to sustain its operations or
      become profitable.

            (iii) Uncertainty of Future Capital Needs. The capital requirements
      required to fund the Company's losses, as well as to continue developing
      WorldFAX and WorldVOICE, and to develop the Developing Services and any
      other new services are significant. The Company may need to raise
      additional funds through public or private offerings or equity financings
      in order to fund its

                                       3
<PAGE>

      losses, continue to develop WorldFAX and WorldVOICE and develop the
      Developing Services and any other new services. If additional funds are
      raised through the issuance of equity securities, the percentage ownership
      of the then current stockholders will be reduced and such equity
      securities may possess rights senior to the holders of the Company's
      common stock. There can be no assurance that additional financing will be
      available on terms favorable to the Company, or that the Company will be
      successful in raising such financing.

                  (iv) Increasing Competition; Minimal Barriers to Entry. The
      market for Internet-based services is extremely competitive and can be
      significantly influenced by the marketing and pricing decisions of the
      larger industry participants. The barriers to entry are minimal and the
      Company expects that competition will intensify in the near future. The
      Company believes that success will depend upon a number of factors,
      including market presence, capacity, reliability and security of its
      network infrastructure. Furthermore, the Company will have to compete with
      the pricing policies of competitors and suppliers, the timing and
      introduction of new products and general economic trends.

                  The Company's current and prospective competitors in the
Internet industry include many large companies that have substantially greater
market presence and financial, technical, operational, marketing and other
resources and experience than the Company. The Company's Services compete or
expect to compete directly or indirectly with the following categories of
companies: (i) other national and regional commercial Internet service providers
("IPSs"); (ii) established on-line service companies that currently offer
Internet access, such as America Online, Inc., CompuServe Corp. and Prodigy
Services Company; (iii) computer hardware and software and other technology
companies, such as Microsoft Corporation ("Microsoft"); (iv) national long
distance telecommunications carriers, such as AT&T (with AT&T WorldNet), MCI
(MCI Internet), and Sprint (SprintNet); (v) regional telephone operating
companies; (vi) cable television system operators, such as Comcast Corporation,
Tele-Communications, Inc. ("TCI"), and Time Warner Inc.; (vii) nonprofit or
educational ISPs; (viii) newly-licensed providers of spectrum-based wireless
data services; (ix) national and regional web site and intranet developers; (x)
national and regional on-line trading companies and (xi) on-line auction
companies. In addition, TCI recently announced it had reached separate
agreements with Sun Microsystems, Inc. and Microsoft to produce the software
necessary to permit persons to access the Internet through television set-top
boxes beginning in 1999.

                  The Company anticipates that it will encounter significant
pricing pressure, which in turn could result in reductions in the average
selling price of the Company's services. Large telecommunications corporations
may be able to reduce the communications costs involved in providing
Internet-based services. There can be no assurance that the Company will be able
to offset the effects of any such price reductions.

                                       4
<PAGE>

            (v) Dependence on the Internet; New Industry; Uncertain Adoption of
      Internet as a Medium of Commerce and Communications. The Company's
      existing and proposed products and services are targeted at users of the
      Internet, which has experienced rapid growth. As is typical in the case of
      a new and rapidly evolving industry characterized by rapidly changing
      technology, evolving industry standards and frequent new product and
      service introductions, demand and market acceptance for recently
      introduced products and services are subject to a high level of
      uncertainty. The Internet services industry is characterized by a limited
      operating history and a high rate of business failures. Because the market
      is relatively new and current and future competitors are likely to
      introduce competing Internet-based services, it is difficult to predict
      the rate at which the market will grow or at which new or increased
      competition will result in market saturation. See "Risk Factors -
      Increasing Competition; Minimal Barriers to Entry." In addition, critical
      issues concerning the commercial use of the Internet remain unresolved and
      may impact the growth of Internet use, especially in the business market
      targeted by the Company. Despite growing interest in the many commercial
      uses of the Internet, many businesses have been deterred from purchasing
      Internet access services for a number of reasons, including, among others,
      inconsistent quality of service, lack of availability of cost-effective,
      high-speed options, a limited number of local access points for corporate
      users, inability to integrate business applications on the Internet, the
      need to deal with multiple and frequently incompatible vendors, inadequate
      protection of the confidentiality of stored data and information moving
      across the Internet and a lack of tools to simplify Internet access and
      use.

            (vi) Possible Service Interruptions. The Company's operations
      require that its telecommunications networks operate on a continuous
      basis. It is possible that the Company's telecommunications networks may
      from time to time experience service interruptions or equipment failures.
      Service interruptions or equipment failures resulting in material delays
      would adversely effect the confidence of users of the Services as well as
      the Company's business operations and reputation.

            (vii) Capacity Constraints; System Failure and Security Risks. The
      Company's operations will depend upon the capacity, reliability and
      security of its network infrastructure. The Company currently has limited
      network capacity and will be required to continually expand its network
      infrastructure. Expansion of the Company's infrastructure will require
      significant financial, operational and management resources. There can be
      no assurance that the Company will be able to expand its infrastructure on
      a timely basis, at a commercially reasonable price, or at all. The
      Company's operations will also be dependent on the Company's ability to
      protect its computer equipment against damage from fire, power loss,
      telecommunications failures and similar events. The

                                       5
<PAGE>

      Company's network infrastructure will be vulnerable to computer viruses,
      break-ins and similar disruptions from unauthorized tampering with the
      Company's computer systems. Computer viruses or problems caused by third
      parties could lead to material interruptions, delays or cessation in
      services. Inappropriate use of the Internet by third parties could also
      potentially jeopardize the security of confidential information stored in
      the computer systems of users. Security and privacy concerns of users may
      limit the Company's ability to successfully market its Services.

            (viii) Limited Sales Force. The Company has a limited sales force
      and does not have established distribution channels for its Services. No
      assurance can be given as to the ability of the Company to establish or
      generate sufficient demand for its Services, and the inability of the
      Company to do so would have a material adverse effect on the Company's
      business, financial condition and operating results.

            (ix) Dependence on Suppliers. The Company relies on other companies
      to supply certain key components of its network infrastructure, including
      tele-communications and networking equipment. There can be no assurance
      that the Company will be able to obtain such services on the scale and
      within the time frame required at a reasonable cost, or at all. The
      inability to do so would have a material adverse effect on the Company's
      ability to furnish its Services, financial condition and results of
      operations.

            (x) Dependence Upon Key Personnel; Bronson Conrad. The Company
      depends upon the services of Bronson Conrad, its President and Chief
      Executive Officer. The loss of Mr. Conrad's services would be detrimental
      to the Company's prospects. The Company does not contemplate obtaining
      "key-man" life insurance with respect to Mr. Conrad and the Company does
      not have an employment agreement with Mr. Conrad.

            (xi) Limited Intellectual Property Protection. The Company relies on
      a combination of copyright and trademark laws, trade secrets and software
      security measures to protect its proprietary information. The Company
      currently has no registered copyrights, trademarks or patents or patent
      applications pending. It may be possible for unauthorized third parties to
      copy aspects of, or otherwise obtain and use, the Company's proprietary
      information without authorization.

            (xii) NASDAQ's OTC Bulletin Board Service; Risks Relating to Low
      Priced Stocks. The Company's Common Stock currently trades on NASDAQ's OTC
      Bulletin Board Service. Such market is characterized by limited and
      episodic trading and limited liquidity. Investors could find it difficult
      to dispose of, or to obtain accurate quotations as to the market value of
      the Company's Common Stock. In addition, the Market Regulation Division of
      the National

                                       6
<PAGE>

      Association of Securities Dealers Inc. has commenced an inquiry with
      respect to trading of the Company's Common Stock. The Company has
      cooperated fully with such inquiry.

            (xiii) Control By Bronson Conrad. Following completion of the
      offering, Bronson Conrad will beneficially own approximately 10.5% of the
      voting stock of the Company. As a result, Mr. Conrad has the ability to
      influence or control the election of a majority of directors and other
      actions by stockholders with respect to the business and affairs of the
      Company.

            (xiv) Year 2000 Compliance. The Company is aware of the issues
      associated with the programming code in existing computer systems as the
      year 2000 approaches. The "Year 2000 Problem" is pervasive and complex as
      virtually every computer operation will be affected in some way by the
      rollover of the two digit year value to 00. The issue is whether computer
      systems will properly recognize date-sensitive information when the year
      changes to 2000. Systems that do not properly recognize such information
      could generate erroneous data or fail. The Company is in the process of
      working with its software that the Company has licensed from third parties
      will operate properly in the year 2000 and beyond. In addition, the
      Company is working with its external suppliers and service providers to
      ensure that they and their systems will be able to support the Company's
      needs and, where necessary, interoperate with the Company's server and
      networking hardware and software infrastructure in preparation for the
      year 2000. Management does not anticipate that the Company will incur
      significant operating expenses or be required to invest heavily in
      computer systems improvements to be year 2000 compliant. However,
      significant uncertainty exists concerning the potential costs and effects
      associated with any year 2000 compliance. Any year 2000 compliance
      problems of either the Company, its customers or vendors could have a
      material adverse effect on the Company's business, results of operations
      and financial condition.

      k. The Purchaser represents that the foregoing representations, warranties
and covenants are true and correct as of the date hereof. The foregoing
representations, warranties and agreements shall survive the date hereof.

II.   REPRESENTATIONS AND WARRANTIES OF THE COMPANY

            The Company represents and warrants and, where applicable, covenants
to the Purchaser as follows:

            (a) The Company is a corporation duly organized, existing and in
      good standing under the laws of the State of Delaware and has the
      corporate power to conduct the business which it proposes to conduct.

                                       7
<PAGE>

            (b) The execution, delivery and performance of this Agreement by the
      Company has been duly approved by the Board of Directors of the Company.

            (c) The Shares to be sold and delivered to the Purchaser hereunder
      will be duly authorized and validly issued and, upon payment. fully paid
      and non-assessable.

III.  MISCELLANEOUS

      a. Any notice or other communication given hereunder shall be deemed
sufficient if in writing and sent by registered or certified mail, return
receipt required, addressed to the Company, at:

                         Worldwide Data, Inc.
                         36 Toronto Street, Suite 250
                         Toronto, Ontario, Canada M5C2C5
                         Attn: President

and to the Purchaser at his address indicated on the last page of this
Agreement. Notices shall be deemed to have been given on the date of mailing,
except notices of change of address, which shall be deemed to have been given
when received.

      b. This Agreement shall not be changed, modified or amended except by a
writing signed by the parties to be charged.

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

      d. This Agreement sets forth the entire agreement and understanding
between the parties as to the subject matter thereof and merges and supersedes
all prior discussions, agreements and understandings of any and every nature
among them.

      e. This Agreement and its validity, construction and performance shall be
governed in all respects by the laws of the State of New York.

      f. This Agreement may be executed in counterparts. Upon the execution and
delivery of this Agreement by the Purchaser, this Agreement shall become a
biding obligation of the Purchaser with respect to the purchase of Shares as
herein provided.

                                       8
<PAGE>

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

                                     MONTAQUE SECURITIES
                                     INTERNATIONAL LTD.

                                     /s/ [Illegible]
                                     --------------------------

                                     Address of Purchaser
                                     Saffrey Square, Bay Street
                                     at Bank Lane, N-8303,
                                     Nassau, N.P., the Bahamas

                                     /s/ [Illegible]
                                     --------------------------

                                     Signature of Purchaser

                                     /s/ Owen S.M. Bethel
                                     --------------------------
                                     OWEN S.M. BETHEL
                                     (for) MONTAQUE SECURITIES INTERNATIONAL
Accepted by:

WORLDWIDE DATA, INC.

By: /s/ Bronson B. Conrad
    ----------------------------
 Bronson Conrad, President

                                       9

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