Document:

<PAGE>   1
                                                                   EXHIBIT 10.40

                                   ASSIGNMENT

         FOR VALUE RECEIVED, Cyber City Honolulu, Inc., hereby assigns, sells,
and transfers unto Cyber Cities Technologies, Inc., all right, title, and
interest in and to all assets (physical or otherwise) owned or claimed by the
undersigned, including but not limited to any intellectual property rights, any
trade name usage, or any item listed in the following:

                            Exhibit "C" attached, and
                            Exhibit "D" attached, and
                              Exhibit "E" attached

         SIGNED under seal effective this 31st of December, 1999.

                                       CYBER CITY HONOLULU, INC.

                                       By: /s/ MICHAEL L. BACON
                                          -----------------------
                                                 President

<PAGE>   2
[INITIALS]

                              ACQUISITION AGREEMENT
                                       AND
                               CLOSING MEMORANDUM
                                   EXHIBIT "C"

         Leased Equipment To Be Transferred to Basic Technologies, Inc.

<TABLE>
<CAPTION>
DESCRIPTION                MODEL / SERIAL NUMBERS             LOCATION          LESSOR / LEASE NUMBER
-----------                ----------------------             --------          ---------------------
<S>                        <C>                                <C>               <C>
1 Ascend Box               4000 Series/ 728104704             Honolulu

1 Ascend Box               4000 Series/ 719100107             Honolulu

1 Ascend Box               4000 Series/ 725106473             Honolulu

1 Ascend Box               4000 Series/ 725106082             Honolulu

1 Postage Meter            Pitney Bowes/ 09082005             Honolulu
(includes 1 scale)

1 Livingston PM-2E                                            Maui

1 Livingston PM-2E                                            Maui

1 Livingston PM-3                                             Maui

1 Livingston PM-3                                             Maui

1 Microcomm 33.6                                              Maui
modem pool
</TABLE>

<PAGE>   3
[INITIALS]

                              ACQUISITION AGREEMENT
                                       AND
                               CLOSING MEMORANDUM
                                   EXHIBIT "D"

         Intangible Assets To Be Transferred to Basic Technologies, Inc.

                                   DESCRIPTION

CUSTOMER USER BASE (APPROX 3500) GENERATING $ 410,654.28 IN 1999

CCHONO BILLING PROGRAM (A CUSTOM DESIGNED PROGRAM FOR USE BY AN ISP)

ALL INTELLECTUAL MATERIALS AND WEB WORK PERFORMED TO DATE

ALL TRADE NAMES REGISTERED OR USED, DIRECTLY OR INDIRECTLY, BY CYBER CITY
HONOLULU, INC., INCLUDING BUT NOT LIMITED TO "CYBER CITY HONOLULU", AND "CYBER
CITY MAUI."

<PAGE>   4
[INITIALS]

                              ACQUISITION AGREEMENT
                                       AND
                               CLOSING MEMORANDUM
                                   EXHIBIT "E"

    Financial and Other Assets To Be Transferred to Basic Technologies, Inc.

<TABLE>
<CAPTION>
                                   DESCRIPTION
                                   -----------

<S>                        <C>                                   <C>
BUSINESS CHECKING ACCOUNTS:
MAIN ACCOUNT               BANK OF HAWAII ACCOUNT # 0027-012612  BALANCE $50,904.99
HONO OFFICE ACCOUNT        BANK OF HAWAII ACCOUNT # 0080-244452  BALANCE $   115.05
MAUI OFFICE ACCOUNT        BANK OF HAWAII ACCOUNT # 0080-244436  BALANCE $   471.45
</TABLE><PAGE>   1
                                                                   EXHIBIT 10.41

                               SHORT FORM OF LEASE

         LEASE AGREEMENT, made between BALDWIN & KLEIN CORPORATION (landlord)
and P & A REMEDIATION, LLC. (tenant).
         For good consideration it is agreed between the parties as follows:
1.       Landlord hereby leases and rents to Tenant the premises described as
follows:
                    Office building, shop building and three acre (+/-) yard
                         located at 408 South Highway 79, Olney, Texas

2.       This Lease shall be in effect for a term of six months, commencing on
January 1, 2000 and terminating on June 30, 2000..

3.       Tenant shall pay for the benefit of Landlord, as the rental due, the
costs of upkeep and maintenance, and make whatever capital improvements are
needed to fit the use and needs of Tenant, during said term.

4.       Tenant shall, at its own expense, provide any and all utilities.
Landlord shall, at its own expense, provide none.

5.       LANDLORD AND Tenant further agree that:
         a)       Upon the expiration of the lease it will return possession of
                  the leased premises in its present condition, reasonable wear
                  and tear, and fire casualty excepted. Tenant shall commit no
                  waste to the leased premises.
         b)       Tenant may make any material or structural alterations to the
                  leased premises without the Landlord's consent. It shall
                  comply with all building, zoning and health codes and other
                  applicable laws for said leased premises.
         c)       Tenant shall not conduct a business deemed extra hazardous, a
                  nuisance or requiring an increase in fire insurance premiums.
                  Tenant warrants the leased premises shall be used only for the
                  following type business: (describe) OIL WELL PLUGGING FIELD
                  OFFICE, OR ANY AND ALL USES DEEMED PRUDENT BY TENANT.
         d)       In the event of any breach of the payment of rent or any other
                  allowed charge, or other breach of this lease, Landlord shall
                  have full rights to terminate this Lease in accordance with
                  state law and re-enter and claim possession of the leased
                  premises, in addition to such other remedies available to
                  Landlord arising from said breach.

6.       This Lease shall be binding upon and inure to the benefit of the
parties, their successors, assigns and personal representatives.

7.       Additional lease terms:

         Signed AS IF, ALTHOUGH NOT ON, this 1st day of January, 2000.

                                             BALDWIN & KLEIN CORPORATION

                                             By:/s/
                                                --------------------------------
                                                Landlord

                                             P & A REMEDIATION, LLC.

                                             By: /s/ RICHARD C. SMITH
                                                 -------------------------------
                                             Tenant<PAGE>   1
                                                                   EXHIBIT 10.42

<TABLE>
<S>      <C>     <C>          <C>                  <C>              <C>
L100

                             1. Vendor's Office copy

Page   1                        State of Oklahoma
                           Department of Central Services        P0. T053381

BUYER - LL   (405-521-3046)     Purchase Order

Date                                Agency                            Delivery
Issued: 01/13/00  Regn.#: K046684   Regn.#: 00-436681   Terms: NET    Date: 01/19/00
------------------------------------------------------------------------------------

TO:  752677182                          Ship TO:  18501
     SIMPCO INC                                   OKLAHOMA CORPORATION COMMISSION
     P 0 BOX 269                                  ROOM 342 JIM THORPE BLDG.
     NOWATA OK 74048                              2101 N LINCOLN
                                                  OKLA CITY,            OK 73105

                                      Charge &    18501
                                    Invoice To:   OKLAHOMA CORPORATION COMMISSION
                                                  ROOM 342 JIM THORPE BLDG.
                                                  2101 N LINCOLN
                                                  OKLA CITY,            OK 73105

Item    Quantity   Unit   Commodity Code   Description    Unit Price        Amount
------------------------------------------------------------------------------------

001       1.00     SUM     0962-96-10                   48,600,000000      48,600.00

                           Plug 53 Oil/Gal well.
                           Well Name:  SEE ATTACHMENT "A"
                           Legal Desc: NE/4
                           Section 07, Township 24 North, Range 17 East
                           Rogers County, Oklahoma
                           Order 110. 436681

                           Emergency:  Potential danger to personal property, etc.

                           Wall(5) to be plugged in accordance with the
                           Oklahoma Corporation Commission -
                           Cause S.F. #990000070T        ITN #: 00-11026
                           Order * 436691
                                                                           ============
                                                          Total Amount     $  48,600.00

                TERMS:
                           Work to be commenced within 14 day. from days of
                           award of contract. Work to be completed within 90
                           days from date of award of contract.

           Continued Next Page
------------------------------------------------------------------------------------
Prices exclusive of Federal and State Taxes. Prices are FOB destination unless stated
otherwise.

VENDORS READ AND FOLLOW CLOSELY

1.   This order void one year from date of issuance.

2.   The above order is issued in conformity with your
     quotation and constitutes a contract.

3.   If payment is received in excess of 45 day.
     after submitting proper invoice, vendor may be                    /s/ STAMP SIGNATURE
     be entitled to claim interest penalty.
     For a copy of these regulations contact                   signed

               OFFICE OF STATE FINANCE                                 Director/Designee
                                                                       ------------------
    Room 122, State Capitol Bldg, OKC, OK. 73105                             title
</TABLE>

<PAGE>   2
                             1. Vendor's Office Copy

                                State of Oklahoma
                   Department of Central Services                   P0# T053381
BUYER - LL                       Purchase Order

Date: 01/13/00Regn.# K046684    Agency Regn # 00-436681               Page # 2

<TABLE>
<CAPTION>

Item    Quantity  Unit   Commodity Code    Description   Unit Price     Amount
----    -------   ----   --------------    -----------   ----------     ------
<S>     <C>       <C>    <C>               <C>           <C>            <C>

                  NOTE: Completed invoice and p1ugging report(s) to be sent to
                  the Commission District Office for approval.
</TABLE>

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