Document:

Exhibit No. 17
BuyersOnline.com, Inc.
Form 10-KSB/ 2000
File No. 0-26917

                 REGISTRATION RIGHTS AGREEMENT

          REGISTRATION RIGHTS AGREEMENT, dated as of September 5,
2000,  (the  "Agreement") is made by and between the  holders  of
Registrable  Securities (as defined herein) and BuyersOnline.com,
Inc., a Delaware corporation (the "Company").

          For  good and valuable consideration, the adequacy  and
receipt  of  which  are hereby acknowledged, the  parties  hereto
hereby agree as follows:

                           ARTICLE 1.
                          DEFINITIONS

          SECTION 1.1.   Definitions.  The following terms  shall
have the meanings ascribed to them below:

          "Business Day" means any day other than a day on  which
banks are authorized or required to be closed in the State of New
York.

          "Commission"  means  the United States  Securities  and
Exchange  Commission, or any other federal  agency  at  the  time
administering the Securities Act.

          "Common  Stock"  means  the  common  stock,  par  value
$0.0001  per share, of the Company, as it may exist from time  to
time.

          "Convertible  Preferred  Stock"  means  the   Company's
Series  B  Convertible  Preferred Stock, par  value  $0.0001  per
share.

          "Initial  Registration" means the Initial  Registration
as defined in Section 2.1.

          "Exchange  Act"  means the Securities Exchange  Act  of
1934,  as amended, or any similar Federal statute, and the  rules
and  regulations of the Commission thereunder, all  as  the  same
shall be in effect at the time.

          "Holder"  means  any  person who  now  holds  or  shall
hereafter acquire and hold Registrable Securities.

          "Person"    means    any    individual,    corporation,
partnership,  joint  venture, association,  joint-stock  company,
trust,  unincorporated organization or government or other agency
or political subdivision thereof.

          "Piggy-Back    Registration"   means    a    Piggy-Back
Registration as defined in Section 2.2.

          "Preferred  Stock Event of Default" means  a  Preferred
Stock Event of Default as defined in the Series B Certificate  of
Designations.

           "Private  Placement"  means the  limited  offering  of
Units, each Unit consisting of one share of Convertible Preferred
Stock  and five Common Stock purchase warrants described  in  the
Company's   Confidential   Limited  Offering   Memorandum   dated
September 21, 2000.

          "Prospectus"  means  the  prospectus  included  in  any
Registration   Statement   (including   without   limitation,   a
prospectus that discloses information previously omitted  from  a
prospectus  filed as part of an effective registration  statement
in reliance upon Rule 430A promulgated under the Securities Act),
as  amended  or  supplemented by any prospectus supplement,  with
respect  to  the  terms of the offering of  any  portion  of  the
securities

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covered by such Registration Statement, and all  other
amendments  and  supplements to the prospectus,  including  post-
effective  amendments, and all material incorporated by reference
or deemed to be incorporated by reference in such prospectus.

          "Records" means the records of the Company as set forth
in Section 3.1.

          "Registrable  Securities" means the  shares  of  Common
Stock  issued  or  issuable upon conversion  of  the  Convertible
Preferred  Stock  and the Common Stock issued  or  issuable  upon
exercise  of  the  Warrants, until (i) a  Registration  Statement
covering  such shares of Common Stock has been declared effective
by  the  Commission  and such shares of Common  Stock  have  been
disposed of pursuant to such effective Registration Statement, or
(ii) such shares of Common Stock are sold under circumstances  in
which  all  of  the  applicable conditions of Rule  144  (or  any
similar  provisions then in force) under the Securities  Act  are
met,  or  (iii)  such shares of Common Stock have been  otherwise
transferred  and the Company has delivered a new  certificate  or
other  evidence of ownership for such Common Stock not bearing  a
restrictive  legend  and  not subject to  any  stop  transfer  or
similar  restrictive order and all of such Common  Stock  may  be
resold by the person receiving such certificate without complying
with the registration requirements of the Securities Act.

          "Registration   Statement"   means   any   registration
statement  of  the  Company which covers any of  the  Registrable
Securities   pursuant  to  the  provisions  of  this   Agreement,
including  the  Prospectus, amendments and  supplements  to  such
Registration Statement, including post-effective amendments,  all
exhibits  and  all  material incorporated by  reference  in  such
Registration Statement.

          "Required  Holders" means the Holders of at  least  two
thirds of the Registrable Securities.

          "Securities Act" means the Securities Act  of  1933  or
any similar Federal statute, and the rules and regulations of the
Commission thereunder, all as the same shall be in effect at  the
time.

          "Selling   Holder"  means  a  Holder  who  is   selling
Registrable Securities pursuant to a Registration Statement under
the Securities Act.

          "Selling Holders Counsel" means the counsel selected to
represent the Selling Holders as set forth in Section 3.1

          "Series  B  Certificate  of  Designations"  means   the
Certificate  of  Designations  under  which  the  terms,  powers,
designations,  preferences, rights, qualifications,  restrictions
and   limitations  of  the  Convertible  Preferred   Stock   were
established.

          "Target   Effective   Period"  means   the   period   a
Registration Statement is required to be effective as  set  forth
in Section 2.1.

          "Underwriter"  means a securities dealer who  purchases
any  Registrable  Securities  as  principal  in  an  underwritten
offering   and   not  as  part  of  such  dealer's  market-making
activities.

           "Warrants" means the Common Stock purchase warrants of
the  Company sold as part of the Units in the Private  Placement,
600,000 Common Stock purchase warrants issued in connection  with
sale of the Company's 18% per annum promissory notes due December
31, 2000, in the principal amount of $1,200,000, the Common Stock
purchase  warrants issued to First level as part of  its  selling
agent  compensation arising from the Private Placement,  warrants
to  purchase 32,500 shares of Common Stock issued to First  Level
as  compensation for bridge financing raised by  First  level  in
June 2000, and 462,500 Common Stock purchase warrants issued with
promissory  notes  issued by the Company from  May  through  June
2000.

                           ARTICLE 2.
                      REGISTRATION RIGHTS

          SECTION 2.1.   Initial Registration.

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          (a)  Registration Obligation.  During the 90 day period
following the date of the final closing of the sale of  Units  by
the  Company in the Private Placement, the Company shall  file  a
Registration statement for the offer and sale of the  Registrable
Securities  under  the  Securities Act (such  registration  being
hereinafter  referred  to  as  a  "Initial  Registration").   The
Company   shall  use  its  best  efforts  to  have  the   Initial
Registration  declared  effective by the Commission  as  soon  as
possible, but in any event no later than six months following the
date of the final closing of the sale of Units by the Company  in
the Private Placement.

          (b)   Effective Registration.  A registration will  not
be  deemed  to  have  been effected as the  Initial  Registration
unless  the  Registration  Statement relating  thereto  has  been
declared effective by the Commission and the Company has complied
in   all  material  respects  with  its  obligations  under  this
Agreement  with  respect thereto; provided  that  if,  after  the
Registration Statement has become effective, the offering  and/or
sale  of  Registrable  Securities pursuant to  such  Registration
Statement is or becomes the subject of any stop order, injunction
or  other  order or requirement of the Commission  or  any  other
governmental or administrative agency, or if any court  or  other
governmental  or quasi-governmental agency prevents or  otherwise
limits  the  offer  and/or  sale of  the  Registrable  Securities
pursuant  to the Registration Statement, other than in each  case
primarily as a result of acts or omissions of the Holders or  any
agent thereof, such registration will be deemed not to have  been
effected.    If  (i)  the  Initial  Registration  or   (ii)   the
Registration Statement relating to the Initial Registration  does
not remain effective for a period of at least one year beyond the
effective  date  thereof  or,  with respect  to  an  underwritten
offering  of  Registrable Securities, until  45  days  after  the
commencement   of  the  distribution  by  the  Holders   of   the
Registrable  Securities  included in such Registration  Statement
(such  periods being referred to herein as the "Target  Effective
Periods"),  then  the Company shall continue to be  obligated  to
effect  such  Registration pursuant to  this  Section  2.1.   The
Holders  shall be permitted to withdraw all or any  part  of  the
Registrable Securities from a Registration Statement at any  time
prior   to  the  effective  date  of  such  Initial  Registration
Statement;  provided  that in the event of such  withdrawal,  the
Company   shall   have  no  obligation  to  effect   an   Initial
Registration  covering  the  Registrable  Securities   that   are
withdrawn.

          (c)   Selection of Underwriter. If the Required Holders
participating in the Initial Registration so elect, the  offering
of   such   Registrable  Securities  pursuant  to  such   Initial
Registration  shall  be in the form of an underwritten  offering.
The  Holders  making such election shall select, subject  to  the
approval  of the Company, which approval will not be unreasonably
withheld,  one or more nationally recognized firms of  investment
bankers  to  act as the lead managing Underwriter or Underwriters
in  connection with such offering and shall select any additional
investment bankers and managers to be used in connection with the
offering.

          SECTION 2.2.   Piggy-Back Registration.  If any of  the
Registrable  Securities  issuable on  exercise  of  the  Warrants
remain unsold after expiration of the Target Exercise Periods and
thereafter the Company proposes to file a Registration  Statement
under  the  Securities Act with respect to  an  offering  by  the
Company  for  its own account or for the account of  any  of  its
respective  security  holders  (other  than  (x)  a  Registration
Statement on Form S-8 (or any substitute form that may be adopted
by  the Commission), or (y) a Registration Statement on Form  S-4
(or  any  substitute form that may be adopted by the Commission);
provided  that such Registration Statement on Form S-4  does  not
include any securities other than the securities to be issued  by
the  Company in connection with a transaction that is  referenced
in  clauses (1) through (3) of the General Instructions  A.1.  of
Form S-4 (as such General Instructions are currently in effect)),
then  the  Company  shall give written notice  of  such  proposed
filing  to  the Holders as soon as practicable (but in  no  event
less  than 30 days before the anticipated filing date), and  such
notice shall offer such Holders the opportunity to register  such
number  of Registrable Securities as each such Holder may request
(which  request shall specify the Registrable Securities intended
to  be  disposed of by such Holder and the intended method(s)  of
distribution thereof and shall also state the firm intent of  the
Holder  to  offer Registrable Securities for sale) (a "Piggy-Back
Registration").  The Company shall use all reasonable efforts  to
cause  the  managing Underwriter or Underwriters  of  a  proposed
underwritten  offering  to  permit  the  Registrable   Securities
requested  to  be  included in a Piggy-Back  Registration  to  be
included  on  the  same  terms  and  conditions  as  any  similar
securities  of the Company or any other security holder  included
therein  and  to  permit the sale or other  disposition  of  such
Registrable Securities in accordance with the intended method  of
distribution  thereof.   Any  Holder  shall  have  the  right  to
withdraw  its request for inclusion of its Registrable Securities
in  any  Registration Statement pursuant to this Section  2.2  by
giving  written notice to the Company of its request to withdraw.
The  Company may withdraw a Piggy-Back Registration at  any  time
prior to the time it becomes effective.

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          No  failure to effect a registration under this Section
2.2  and  to  complete  the  sale of  Registrable  Securities  in
connection  therewith  shall relieve the  Company  of  any  other
obligation  under this Agreement (including, without  limitation,
the Company's obligations under Sections 3.2 and 4.1).

          SECTION 2.3.   Reduction of Offering.

          (a)  Initial Registration. The Company may include in a
Initial  Registration pursuant to Section 2.1 securities  of  the
same  class as the Registrable Securities for the account of  the
Company  and  any other Persons who hold securities of  the  same
class  as  the  Registrable Securities  on  the  same  terms  and
conditions as the Registrable Securities to be included  therein;
provided,  however, that if the offering is not underwritten,  no
other  Person, including the Company, shall be permitted to offer
securities  under  any  such  Initial  Registration  unless   the
Required  Holders participating in the offering  consent  to  the
inclusion of such shares therein.

          (b)    Piggy-Back   Registration.  (i)  Notwithstanding
anything  contained  herein,  if  the  managing  Underwriter   or
Underwriters  of any underwritten offering described  in  Section
2.2  have  informed, in writing, the Holders requesting inclusion
in  such offering that it is their opinion that the total  number
of  shares  which  the  Company, Holders and  any  other  Persons
holding   securities  of  the  same  class  as  the   Registrable
Securities desiring to participate in such registration intend to
include  in such offering is such as to materially and  adversely
affect  the  success  of such offering, then,  the  Company  will
include  in  such  registration (y) first,  all  the  shares  the
Company  offered  for  its own account,  if  any,  (z)  then,  if
additional  shares  may be included in such registration  without
materially and adversely affecting the success of such  offering,
the  number  of  shares  offered by the Holders  and  such  other
holders  of  securities  of  the same class  as  the  Registrable
Securities  whose  piggy-back  registration  rights  may  not  be
reduced without violating their contractual rights (provided such
contractual  rights were in existence prior to the date  of  this
Agreement),  on  a pro rata basis in proportion to  the  relative
number  of  Registrable Securities of the holders (including  the
Holders) participating in such registration.

               (ii)  If  the managing Underwriter or Underwriters
of  any underwritten offering described in Section 2.2 notify the
Holders  requesting inclusion in such offering that the  kind  of
securities  that the Holders, the Company and any  other  Persons
desiring to participate in such registration intend to include in
such  offering is such as to materially and adversely affect  the
success  of such offering, (x) the Registrable Securities  to  be
included in such offering shall be reduced as described in clause
(i)  above or (y) if such reduction would, in the judgment of the
managing   Underwriter  or  Underwriters,  be   insufficient   to
substantially eliminate the adverse effect that inclusion of  the
Registrable  Securities requested to be included  would  have  on
such  offering, such Registrable Securities will be excluded from
such offering.

          (c)   If,  as  a result of the proration provisions  of
this Section 2.3, any Holder shall not be entitled to include all
Registrable  Securities  in a Piggy-Back Registration  that  such
Holder  has  requested to be included, such Holder may  elect  to
withdraw  his request to include Registrable Securities  in  such
registration.

          SECTION  2.4.    Subsequent Registration Rights.   From
and  after  the  date of this Agreement, the Company  shall  not,
without the prior written consent of the Required Holders,  enter
into any other agreement with any holder or prospective holder of
any  securities of the Company which would allow such  holder  or
prospective  holder  (a)  to  include  such  securities  in   any
registration  filed  under Section 2.2 or 2.3(b)  hereof,  unless
under  the  terms of such agreement, such holder  or  prospective
holder may include such securities in any such registration  only
to  the  extent  that  the inclusion of its securities  will  not
reduce  the  amount of the Registrable Securities of the  Holders
which  is  included  or (b) to make a Initial Registration  which
could  result  in  such  registration  statement  being  declared
effective  prior  to  the  earlier of  the  dates  set  forth  in
subsection 3.1(a).

 .                          ARTICLE 3.
                    REGISTRATION PROCEDURES

          SECTION  3.1.    Filings;  Information.   Whenever  the
Company  is required to effect or cause the registration  of  the
offer and sale of Registrable Securities pursuant to Section  2.1
or  2.2  hereof, the Company will use its best efforts to  effect
the  registration  of the offer and the sale of such  Registrable
Securities   in  accordance  with  the  intended   method(s)   of
disposition thereof as quickly as practicable, and in  connection
with any such request:

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          (a)   The  Company promptly will prepare and file  with
the Commission a Registration Statement with respect to the offer
and  sale  of such securities and use its best efforts  to  cause
such  Registration Statement to become and remain effective until
the   completion   of  the  distribution  contemplated   thereby;
provided, however, the Company shall not be required to keep such
Registration Statement effective for more than one year (or  such
shorter   period  which  will  terminate  when  all   Registrable
Securities covered by such Registration Statement have been sold,
but not prior to the expiration of the applicable period referred
to in Section 4(3) of the Securities Act and Rule 174 thereunder,
if applicable).

          (b)   The  Company promptly will prepare and file  with
the  Commission such amendments and post-effective amendments  to
the  Registration  Statement as may be  necessary  to  keep  such
Registration Statement effective for as long as such registration
is  required  to remain effective pursuant to the  terms  hereof;
cause   the  Prospectus  to  be  supplemented  by  any   required
Prospectus  supplement,  and, as so  supplemented,  to  be  filed
pursuant  to  Rule 424 under the Securities Act; and comply  with
the  provisions  of  the  Securities Act applicable  to  it  with
respect  to the disposition of all Registrable Securities covered
by  such  Registration Statement during the applicable period  in
accordance  with  the  intended methods  of  disposition  by  the
Selling  Holders  set  forth  in such Registration  Statement  or
supplement to the Prospectus.

          (c)  The Company, at least ten (10) Business Days prior
to  filing a Registration Statement or at least five (5) Business
Days  prior to filing a Prospectus or any amendment or supplement
to such Registration Statement or Prospectus, will furnish to (i)
each  Selling  Holder and not more than one counsel  representing
all  Selling Holders ("Selling Holders Counsel"), to be  selected
by  a majority-in-interest of such Selling Holders, and (ii) each
Underwriter,  if  any, of the Registrable Securities  covered  by
such Registration Statement copies of such Registration Statement
as  proposed  to be filed, together with exhibits thereto,  which
documents will be subject to review and approval by each  of  the
foregoing  within  five (5) Business Days after delivery  (except
that  such review and approval of any Prospectus or any amendment
or  supplement to such Registration Statement or Prospectus  must
be   within   three  (3)  Business  Days  after  delivery),   and
thereafter,  furnish  to  such Selling Holders,  Selling  Holders
Counsel and Underwriters, if any, such number of conformed copies
of  such  Registration Statement, each amendment  and  supplement
thereto  (in  each  case  including  all  exhibits  thereto   and
documents  incorporated  by reference  therein),  the  Prospectus
included   in   such  Registration  Statement   (including   each
preliminary  Prospectus) and such other documents or  information
as  such Selling Holders, Selling Holders Counsel or Underwriters
may reasonably request in order to facilitate the disposition  of
the  Registrable Securities (it being understood that the Company
consents  to  the  use  of the Prospectus and  any  amendment  or
supplement  thereto by each Selling Holder and the  Underwriters,
if  any,  in  connection  with  the  offering  and  sale  of  the
Registrable  Securities  covered  by  such  Prospectus   or   any
amendment or supplement thereto).

          (d)   The  Company  promptly will notify  each  Selling
Holder  of  (and in any event within 24 hours of the receipt  of)
any  stop  order issued or threatened by the Commission and  take
all reasonable actions required to prevent the entry of such stop
order or to remove it at the earliest possible moment if entered.

          (e)   On or prior to the date on which the Registration
Statement is declared effective, use its best efforts to register
or   qualify   such  Registrable  Securities  under  such   other
securities  or  "blue  sky"  laws of such  jurisdictions  as  any
Selling  Holder, Selling Holders Counsel or Underwriter  requests
and  do  any and all other acts and things which may be necessary
or  advisable  to  enable such Selling Holder to  consummate  the
disposition in such jurisdictions of such Registrable  Securities
owned  by such Selling Holder; use its best efforts to keep  each
such  registration  or  qualification  (or  exemption  therefrom)
effective  during the period which the Registration Statement  is
required to be kept effective; and use its best efforts to do any
and all other acts or things necessary or advisable to enable the
disposition  in such jurisdictions of the Registrable  Securities
covered  by the applicable Registration Statement; provided  that
the  Company will not be required to (A) qualify generally to  do
business  in  any  jurisdiction where it would not  otherwise  be
required  to  qualify  but for this paragraph  (e),  (B)  subject
itself  to  taxation  in any such jurisdiction,  (C)  consent  to
general  service of process in any such jurisdiction,  (D)  amend
its  certificate  of incorporation or bylaws or (E)  require  any
Person to escrow any securities they own in the Company.

          (f)   The  Company  will  notify each  Selling  Holder,
Selling Holders Counsel and any Underwriter promptly (and in  any
event  within  24  hours) and (if requested by any  such  Person)
confirm  such  notice in writing, (i) when a  Prospectus  or  any
Prospectus supplement or post-effective amendment has been  filed
and,  with  respect  to  a Registration Statement  or  any  post-
effective amendment, when the same has become effective, (ii)  of

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any  request  by  the Commission or any other  federal  or  state
governmental  authority  for  amendments  or  supplements  to   a
Registration   Statement   or  Prospectus   or   for   additional
information  to  be  included in any  Registration  Statement  or
Prospectus  or otherwise, (iii) of the issuance by the Commission
of  any stop order suspending the effectiveness of a Registration
Statement or the initiation or threatening of any proceedings for
that  purpose,  (iv)  of  the issuance by  any  state  securities
commission  or other regulatory authority of any order suspending
the  qualification or exemption from qualification of any of  the
Registrable Securities under state securities or "blue sky"  laws
or the initiation of any proceedings for that purpose, and (v) of
the  happening of any event which makes any statement made  in  a
Registration  Statement  or related Prospectus  or  any  document
incorporated  or  deemed to be incorporated by reference  therein
untrue  or  which  requires the making of  any  changes  in  such
Registration Statement, Prospectus or documents so that they will
not  contain any untrue statement of a material fact or  omit  to
state  any  material  fact  required  to  be  stated  therein  or
necessary  to  make the statements in the Registration  Statement
and  Prospectus  not misleading in light of the circumstances  in
which they were made; and, as promptly as practicable thereafter,
prepare and file with the Commission and furnish a supplement  or
amendment  to such Prospectus so that, as thereafter  deliverable
to  the  buyers  of such Registrable Securities, such  Prospectus
will  not contain any untrue statement of a material fact or omit
to  state  a  material  fact necessary  to  make  the  statements
therein,  in  light of the circumstances under  which  they  were
made, not misleading.

          (g)   The  Company  will  make generally  available  an
earnings statement satisfying the provisions of Section 11(a)  of
the Securities Act no later than 90 days after the end of the 12-
month  period beginning with the first day of the Company's first
fiscal  quarter  commencing  after  the  effective  date   of   a
Registration Statement, which earnings statement shall cover said
12-month  period,  and which requirement will  be  deemed  to  be
satisfied  if  the  Company timely files  complete  and  accurate
information  on Forms 10-QSB, 10-KSB and 8-K under  the  Exchange
Act  and  otherwise complies with Rule 158 under  the  Securities
Act.

          (h)   If  requested  by  the  managing  Underwriter  or
Underwriters, Selling Holders Counsel, or any Selling Holder, the
Company  will,  unless  otherwise advised  by  counsel,  promptly
incorporate   in   a  Prospectus  supplement  or   post-effective
amendment  such  information  as  the  managing  Underwriter   or
Underwriters requests, or Selling Holders Counsel requests, to be
included therein, including, without limitation, with respect  to
the  Registrable Securities being sold by such Selling Holder  to
such  Underwriter or Underwriters, the purchase price being  paid
therefor by such Underwriter or Underwriters and with respect  to
any  other  terms of the underwritten offering of the Registrable
Securities  to  be sold in such offering, and promptly  make  all
required  filings of such Prospectus supplement or post-effective
amendment.

          (i)   The  Company will enter into customary agreements
reasonably satisfactory to the Company (including, if applicable,
an   underwriting  agreement  in  customary  form  and  which  is
reasonably  satisfactory  to the Company)  and  take  such  other
actions  as  are  reasonably required in  order  to  expedite  or
facilitate  the  disposition of such Registrable Securities  (the
Selling Holders, at their option, may require that any or all  of
the  representations, warranties and covenants of the Company  to
or  for the benefit of such Underwriters also be made to and  for
the benefit of such Selling Holders).

          (j)   The  Company will make available to each  Selling
Holder  (and will deliver to their counsel) and each Underwriter,
if  any,  subject  to restrictions imposed by the  United  States
federal  government  or  any agency or  instrumentality  thereof,
copies  of  all  correspondence between the  Commission  and  the
Company, its counsel or auditors and will also make available for
inspection  at reasonable times at the Company's offices  by  any
Selling  Holder  of such Registrable Securities, any  Underwriter
participating  in  any disposition pursuant to such  Registration
Statement  and  any  attorney, accountant or  other  professional
retained by any such Selling Holder or Underwriter (collectively,
the  "Inspectors"),  all financial and other  records,  pertinent
corporate  documents and properties of the Company (collectively,
the "Records") as shall be reasonably necessary to enable them to
exercise  their  due  diligence  responsibility,  and  cause  the
Company's  officers  and  employees  to  supply  all  information
reasonably  requested by any Inspectors in connection  with  such
registration statement.

          (k)   In connection with an underwritten offering,  the
Company  will participate, to the extent reasonably requested  by
the  managing Underwriter or Underwriters for the offering or the
Selling Holders, in reasonable and customary efforts to sell  the
securities  under  the offering, including,  without  limitation,
participating in "road shows."

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          (l)  The Company, during the period when the Prospectus
is  required  to be delivered under the Securities Act,  promptly
will  file all documents required to be filed with the Commission
pursuant  to  Section 13(a), 13(c), 14 or 15(d) of  the  Exchange
Act.

          (m)   The  Company,  if requested by  Selling  Holders,
shall  cause  its  outside legal counsel to  deliver  an  opinion
relating to the Registrable Securities, in customary form to such
Selling  Holders and any Underwriter therefor, cause its officers
to  execute  and deliver all customary documents and certificates
requested by any Underwriters of the Registrable Securities,  and
cause  its  independent public accountants  to  provide  to  such
Selling Holders and any Underwriters therefor one or more comfort
letters in customary form.

          The Company may require each Selling Holder to promptly
furnish in writing to the Company such information regarding  the
distribution  of  the Registrable Securities as the  Company  may
from  time  to time reasonably request and such other information
as  may  be legally required in connection with such registration
including,  without limitation, all such information  as  may  be
requested  by  the  Commission  or the  National  Association  of
Securities Dealers, Inc.

          Each  Selling Holder agrees that, upon receipt  of  any
notice from the Company of the happening of any event of the kind
described  in  Section 3.1(f) hereof, such  Selling  Holder  will
forthwith   discontinue  disposition  of  Registrable  Securities
pursuant  to the Registration Statement covering such Registrable
Securities until such Selling Holder's receipt of the  copies  of
the  supplemented or amended Prospectus contemplated  by  Section
3.1(f)  hereof, and, if so directed by the Company, such  Selling
Holder  will  deliver  to  the Company  all  copies,  other  than
permanent  file copies then in such Selling Holder's  possession,
of   the   most   recent  prospectus  covering  such  Registrable
Securities at the time of receipt of such notice.  In  the  event
the  Company shall give such notice, the Company shall extend the
period   during  which  such  Registration  Statement  shall   be
maintained effective (including the period referred to in Section
3.1(a)  hereof) by the number of days during the period from  and
including  the date of the giving of notice pursuant  to  Section
3.1(f)  hereof to the date when the Company shall make  available
to  the Selling Holders covered by such Registration Statement  a
Prospectus   supplemented  or  amended  to   conform   with   the
requirements of Section 3.1(f) hereof.

          SECTION  3.2.    Registration  Expenses.   The  Company
shall  pay all expenses incident to the Company's performance  of
or  compliance with this Agreement including, without limitation:
(i)  all registration and filing fees, (ii) the fees and expenses
of  compliance  with securities or blue sky laws (including  fees
and   disbursements  of  counsel  in  connection  with  blue  sky
qualifications of the Registrable Securities), (iii) all printing
and  delivery  expenses,  (iv)  the Company's  internal  expenses
(including, without limitation, all salaries and expenses of  its
officers  and  employees performing legal or accounting  duties),
(v) the fees and expenses incurred in connection with the listing
or quotation, as appropriate, of the Registrable Securities, (vi)
the  fees  and disbursements of counsel for the Company  and  the
fees  and  expenses for independent certified public  accountants
retained  by  the Company (including the expenses of any  special
audit  or  cold comfort letters), and (vii) the fees and expenses
of any special experts retained by the Company in connection with
such  registration.  The Company shall have no obligation to  pay
any  underwriting fees, discounts or commissions attributable  to
the  sale  of  Registrable Securities, the fees and  expenses  of
Selling  Holders  Counsel, and any of the  expenses  incurred  by
Selling Holders which are not payable by the Company, such  costs
to be borne by the Selling Holder or Selling Holders.

                           ARTICLE 4.
                INDEMNIFICATION AND CONTRIBUTION

          SECTION  4.1.    Indemnification by the  Company.   The
Company  agrees  to indemnify and hold harmless, to  the  fullest
extent  permitted  by  law, each Selling  Holder,  its  partners,
officers,  directors, employees, advisors and  agents,  and  each
Person,  if  any,  who controls such Selling  Holder  within  the
meaning of Section 15 of the Securities Act or Section 20 of  the
Exchange  Act,  together with the partners, officers,  directors,
employees  and  agents of such controlling Person  (collectively,
the  "Controlling  Persons"), from and against any  loss,  claim,
damage, liability, attorneys' fees, cost or expense and costs and
expenses   of   investigating  and  defending  any   such   claim
(collectively,  the "Damages") and any action in respect  thereof
to  which such Selling Holder, its partners, officers, directors,
employees,  advisors and agents, and any such Controlling  Person
may become subject under the Securities Act, the Exchange Act  or
otherwise,  insofar  as such Damages (or proceedings  in  respect
thereof) arise out of, or are based upon, any untrue statement or
alleged  untrue  statement of a material fact  contained  in  any

                                  E-15
<PAGE>

Registration   Statement  or  Prospectus   or   any   preliminary
Prospectus,  or arise out of, or are based upon, any omission  or
alleged omission to state therein a material fact required to  be
stated  therein or necessary to make the statements  therein  not
misleading, except insofar as the same are based upon information
furnished in writing to the Company by a Selling Holder expressly
for  use  therein, and shall reimburse each Selling  Holder,  its
partners,  officers, directors, employees, advisors  and  agents,
and each such Controlling Person for any legal and other expenses
reasonably  incurred  by  that  Selling  Holder,  its   partners,
officers, directors, employees, advisors and agents, or any  such
Controlling Person in investigating or defending or preparing  to
defend   against  any  such  Damages  or  proceedings;  provided,
however,  that  the Company shall not be liable  to  any  Selling
Holder  or  other indemnitee to the extent that any such  Damages
arise  out  of or are based upon an untrue statement or  omission
made  in  any  preliminary Prospectus if (i) such Selling  Holder
failed to send or deliver a copy of the final Prospectus with  or
prior to the delivery of written confirmation of the sale by such
Selling Holder to the Person asserting the claim from which  such
Damages  arise in any case where such delivery of the  Prospectus
(as  amended or supplemented) is required by the Securities  Act,
and  (ii)  the final Prospectus would have corrected such  untrue
statement  or  such omission, where such failure to  deliver  the
Prospectus  was  not a result of non-compliance  by  the  Company
under  Section 3.1(f) of this Agreement.  The Company also agrees
to  indemnify  any  Underwriters of the  Registrable  Securities,
their  officers and directors and each Person who  controls  such
Underwriters  on  substantially the same basis  as  that  of  the
indemnification of the Selling Holders provided in  this  Section
4.1.

          SECTION  4.2.    Indemnification  by  Selling  Holders.
Each  Selling  Holder  agrees,  severally  but  not  jointly,  to
indemnify and hold harmless the Company, its officers, directors,
employees,  advisors  and agents and each  Person,  if  any,  who
controls  the  Company within the meaning of Section  15  of  the
Securities  Act or Section 20 of the Exchange Act, together  with
the partners, officers, directors, employees, advisors and agents
of  such  controlling Person, to the same extent as the foregoing
indemnity from the Company to such Selling Holder, but only  with
reference to information related to such Selling Holder,  or  its
plan of distribution, furnished in writing by such Selling Holder
expressly for use in any Registration Statement or Prospectus, or
any   amendment   or  supplement  thereto,  or  any   preliminary
Prospectus; provided, however, that such Selling Holder shall not
be liable in any such case to the extent that prior to the filing
of  any such Registration Statement or Prospectus or amendment or
supplement thereto, such Selling Holder has furnished in  writing
to the Company information expressly for use in such Registration
Statement  or  Prospectus or any amendment or supplement  thereto
which  corrected  or  made not misleading information  previously
furnished to the Company.  In no event shall the liability of any
Selling Holder be greater in amount than the dollar amount of the
proceeds  received by such Selling Holder upon the  sale  of  the
Registrable   Securities  giving  rise  to  such  indemnification
obligation.   In case any action or proceeding shall  be  brought
against  the  Company  or  its  officers,  directors,  employees,
advisors  or  agents  or  any  such  controlling  Person  or  its
officers,  directors, employees or agents, in  respect  of  which
indemnity may be sought against such Selling Holder, such Selling
Holder shall have the rights and duties given to the Company, and
the  Company or its officers, directors, employees or agents,  or
such  controlling Person, or its officers, directors,  employees,
advisors  or  agents, shall have the rights and duties  given  to
such Selling Holder, by the preceding paragraph.

          SECTION  4.3.   Conduct of Indemnification Proceedings.
Promptly  after  receipt  by  any  person  in  respect  of  which
indemnity  may  be  sought pursuant to Section  4.1  or  4.2  (an
"Indemnified  Party") of notice of any claim or the  commencement
of any action, the Indemnified Party shall, if a claim in respect
thereof  is  to  be  made against the Person  against  whom  such
indemnity  may  be sought (an "Indemnifying Party"),  notify  the
Indemnifying Party in writing of the claim or the commencement of
such action; provided that the failure to notify the Indemnifying
Party  shall not relieve it from any liability which it may  have
to  an Indemnified Party otherwise than under Section 4.1 or  4.2
except to the extent of any actual prejudice resulting therefrom.
If  any  such  claim  or  action  shall  be  brought  against  an
Indemnified  Party,  and it shall notify the  Indemnifying  Party
thereof,  the Indemnifying Party shall be entitled to participate
therein,  and,  to  the extent that it wishes, jointly  with  any
other  similarly  notified  Indemnifying  Party,  to  assume  the
defense  thereof  with  counsel reasonably  satisfactory  to  the
Indemnified Party.  After notice from the Indemnifying  Party  to
the  Indemnified Party of its election to assume the  defense  of
such  claim or action, the Indemnifying Party shall not be liable
to  the  Indemnified  Party  for  any  legal  or  other  expenses
subsequently incurred by the Indemnified Party in connection with
the defense thereof other than reasonable costs of investigation;
provided  that  the  Indemnified Party shall have  the  right  to
employ  separate counsel to represent the Indemnified  Party  and
its  controlling Persons who may be subject to liability  arising
out  of any claim in respect of which indemnity may be sought  by
the  Indemnified Party against the Indemnifying  Party,  but  the
fees  and  expenses of such counsel shall be for the  account  of
such Indemnified Party unless (i) the Indemnifying Party and  the
Indemnified Party shall have mutually agreed to the retention  of
such   counsel  or  (ii)  in  the  opinion  of

                                  E-16
<PAGE>

counsel  to  such
Indemnified  Party, representation of both parties  by  the  same
counsel  would  be  inappropriate  due  to  actual  or  potential
conflicts of interest between them, it being understood, however,
that the Indemnifying Party shall not, in connection with any one
such  claim  or action or separate but substantially  similar  or
related claims or actions in the same jurisdiction arising out of
the  same general allegations or circumstances, be liable for the
fees  and  expenses of more than one separate firm  of  attorneys
(together  with appropriate local counsel) at any  time  for  all
Indemnified  Parties.  No Indemnifying Party shall,  without  the
prior  written  consent  of  the Indemnified  Party,  effect  any
settlement  of  any claim or pending or threatened proceeding  in
respect  of which the Indemnified Party is or could have  been  a
party  and  indemnity could have been sought  hereunder  by  such
Indemnified   Party,   unless   such   settlement   includes   an
unconditional  release  of  such  Indemnified  Party   from   all
liability  arising out of such claim or proceeding.   Whether  or
not  the  defense  of  any  claim or action  is  assumed  by  the
Indemnifying Party, such Indemnifying Party will not  be  subject
to  any  liability for any settlement made without  its  consent,
which consent will not be unreasonably withheld.

          SECTION  4.4.    Contribution.  If the  indemnification
provided  for in this Article 4 is unavailable to the Indemnified
Parties  in respect of any Damages referred to herein, then  each
Indemnifying  Party,  in  lieu of indemnifying  such  Indemnified
Party,  shall  contribute to the amount paid or payable  by  such
Indemnified Party as a result of such Damages in such  proportion
as  is  appropriate to reflect the relative benefits received  by
the  Company on the one hand and the Selling Holders on the other
from  the  offering  of the Registrable Securities,  or  if  such
allocation is not permitted by applicable law, in such proportion
as  is appropriate to reflect not only the relative benefits  but
also  the relative fault of the Company on the one hand  and  the
Selling Holders on the other in connection with the statements or
omissions  which resulted in such Damages, as well as  any  other
relevant  equitable considerations.  The relative  fault  of  the
Company  on the one hand and of each Selling Holder on the  other
shall  be determined by reference to, among other things, whether
the  untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates  to
information  supplied  by such party, and the  parties'  relative
intent,  knowledge,  access  to information  and  opportunity  to
correct or prevent such statement or omission.

     The  Company and the Selling Holders agree that it would not
be  just  and equitable if contribution pursuant to this  Section
4.4 were determined by pro rata allocation or by any other method
of  allocation  which  does  not take account  of  the  equitable
considerations   referred   to  in  the   immediately   preceding
paragraph.  The amount paid or payable by an Indemnified Party as
a  result of the Damages referred to in the immediately preceding
paragraph  shall be deemed to include, subject to the limitations
set  forth above, any legal or other expenses reasonably incurred
by  such  Indemnified Party in connection with  investigating  or
defending   any   such  action  or  claim.  Notwithstanding   the
provisions  of  this  Section 4.4, no  Selling  Holder  shall  be
required  to  contribute any amount in excess of  the  amount  by
which the total price at which the Registrable Securities of such
Selling  Holder were offered to the public exceeds the amount  of
any  damages  which  such Selling Holder has  otherwise  paid  by
reason of such untrue or alleged untrue statement or omission  or
alleged    omission.     No   Person   guilty    of    fraudulent
misrepresentation  (within the meaning of Section  11(f)  of  the
Securities Act) shall be entitled to contribution from any Person
who  was  not guilty of such fraudulent misrepresentation.   Each
Selling  Holder's  obligations to  contribute  pursuant  to  this
Section 4.4 is several in the proportion that the proceeds of the
offering  received  by such Selling Holder  bears  to  the  total
proceeds of the offering received by all the Selling Holders  and
not joint.

                           ARTICLE 5.
                         MISCELLANEOUS

          SECTION    5.1.      Participation   in    Underwritten
Registrations.   No  Person may participate in  any  underwritten
registration hereunder unless such Person (a) agrees to sell such
Person's  securities  on the basis provided in  any  underwriting
arrangements  approved  by  the  Persons  entitled  hereunder  to
approve  such  arrangements, and (b) completes and  executes  all
questionnaires,  powers  of  attorney, indemnities,  underwriting
agreements  and  other documents reasonably  required  under  the
terms  of  such underwriting arrangements and these  registration
rights.

          SECTION  5.2.   Rule 144.  The Company agrees and  will
use its best efforts to file any reports required to be filed  by
it  under  the Securities Act and the Exchange Act  (or,  if  the
Company  is not required to file such reports, it will, upon  the
request  of any Holder, make publicly available other information
as  long  as necessary to permit sales under Rule 144  under  the
Securities Act) and that it will take such further action as  any
Holder  may

                                  E-17
<PAGE>

reasonably request, all to the extent required  from
time  to  time  to enable Holders to sell Registrable  Securities
without   registration  under  the  Securities  Act  within   the
limitation of the exemptions provided by (a) Rule 144  under  the
Securities Act, as such Rules may be amended from time  to  time,
or  (b)  any similar rule or regulation hereafter adopted by  the
Commission.   Upon  the request of any Holder, the  Company  will
deliver to such Holder a written statement as to whether  it  has
complied with such requirements.

          SECTION   5.3.     Amendment  and  Modification.    Any
provision  of  this Agreement may be waived, provided  that  such
waiver  is  set forth in a writing executed by the party  against
whom  the  enforcement of such waiver is sought.  This  Agreement
may  not  be amended, modified or supplemented other  than  by  a
written  instrument  signed  by the Required  Holders;  provided,
however,  that  without  the  consent  of  all  the  Holders,  no
amendment or modification which materially and adversely  affects
the  ability  of  such  Holders to have the  offer  and  sale  of
securities  registered hereunder may be effected.  No  course  of
dealing between or among any Persons having any interest in  this
Agreement  will be deemed effective to modify, amend or discharge
any  part of this Agreement or any rights or obligations  of  any
Person under or by reason of this Agreement.

          SECTION  5.4.    Successors and  Assigns;  Third  Party
Beneficiaries; Entire Agreement.  This Agreement and all  of  the
provisions hereof shall be binding upon and inure to the  benefit
of   the  parties  hereto,  each  subsequent  Holder  and   their
respective  successors and assigns and executors,  administrators
and  heirs.   Holders are intended third party  beneficiaries  of
this  Agreement  and  this  Agreement may  be  enforced  by  such
Holders.   This  Agreement sets forth the  entire  agreement  and
understanding between the parties as to the subject matter hereof
and  merges and supersedes all prior discussions, agreements  and
understandings of any and every nature among them.

          SECTION 5.5.   Headings.  Subject headings are included
for  convenience only and shall not affect the interpretation  of
any provisions of this Agreement.

          SECTION  5.6.   Notices.  Any notice, demand,  request,
waiver, or other communication under this Agreement shall  be  in
writing  and shall be deemed to have been duly given on the  date
of  service  if  personally served or sent by  telecopy,  on  the
business day after notice is delivered to a courier or mailed  by
express mail if sent by courier delivery service or express  mail
for  next  day  delivery and on the third day  after  mailing  if
mailed to the party to whom notice is to be given, by first class
mail,  registered, return receipt requested, postage prepaid  and
addressed as follows:

          If to the Company to:

               Theodore Stern, Chief Executive Officer
               BUYERSONLINE.COM, INC.
               66 E. Wadsworth Park Dr., Suite 101
               Draper, Utah 84020
               Fax: (801) 523-8995
               Phone: (801) 495-0909

          If to a Holder, to the Holder
          at the most current address reflected
          on the books and records of the Company.

     SECTION 5.7.   Severability.  In the event that any  one  or
more  of  the  immaterial provisions contained in this  Agreement
shall  for  any  reason  be  held  to  be  invalid,  illegal   or
unenforceable, the same shall not affect any other  provision  of
this Agreement, but this Agreement shall be construed in a manner
which, as nearly as possible, reflects the original intent of the
parties.

     SECTION  5.8.    No Prejudice.  The terms of this  Agreement
shall  not  be  construed in favor of or  against  any  party  on
account of its participation in the preparation hereof.

     SECTION  5.9.    Words in Singular and Plural  Form.   Words
used  in  the singular form in this Agreement shall be deemed  to
import the plural, and vice versa, as the sense may require.

                                  E-18
<PAGE>

     SECTION  5.10.   Remedy  for  Breach.   The  Company  hereby
acknowledges that in the event of any breach or threatened breach
by  the  Company of any of the provisions of this Agreement,  the
Holder  would  have no adequate remedy at law  and  could  suffer
substantial  and  irreparable damage.  Accordingly,  the  Company
hereby  agrees that, in such event, the Holder shall be entitled,
without  the  necessity of proving damages or posting  bond,  and
notwithstanding any election by any Holder to claim  damages,  to
obtain a temporary and/or permanent injunction, without proving a
breach therefor, to restrain any such breach or threatened breach
or  to  obtain  specific performance of any such provisions,  all
without prejudice to any and all other remedies which any  Holder
may have at law or in equity.

     IN  WITNESS WHEREOF, the Company has executed this Agreement
as of the date first above written.

                              BUYERSONLINE.COM, INC.

                              By:
                                    Name:
                                    Title:

                                  E-19
<PAGE>Exhibit No. 18
BuyersOnline.com, Inc.
Form 10-KSB/ 2000
File No. 0-26917

                   FIRST LEVEL CAPITAL, INC.

                    SELLING AGENT AGREEMENT

                                                  September 7, 2000

First Level Capital, Inc.
50 Broadway, 24th Floor
New York, NY 10004

Gentlemen:

     BuyersOnline.com, Inc. (the "Company"), on the basis of  the
representations,  warranties, covenants and conditions  contained
herein,  hereby confirms the agreement made with respect  to  the
retention  of the First Level Capital, Inc. (the "Selling  Agent"
or "Sales Agent") as the exclusive agent of the Company to assist
the  Company  in  finding qualified purchasers, pursuant  to  the
terms  of this Selling Agent Agreement (the "Agreement"), for  up
to an aggregate of $11,000,000 of the Company's Units ("Units" or
"Securities"),  each Unit consisting of one  share  of  Series  B
Convertible  Preferred  Stock (the "Preferred  Stock")  and  five
Common  Stock  Purchase  Warrants  (the  "Warrant")  on  a  "best
efforts" basis (the "Offering").  The Offering is being conducted
on  a  "best-efforts all or none" basis with respect  to  200,000
Units  at  a cash purchase price of $2,000,000, and on  a  "best-
efforts  basis" as to 780,000 Units at a cash purchase  price  of
$7,800,000.   The  Bridge Financing contemplated  by  Section  17
shall  automatically be exchanged for Units on the  sale  of  not
less  than  $2,000,000 of Units.  The Company may  convert  other
outstanding   debt  obligations  to  Units  in  excess   of   the
$11,000,000  of  Units  offered for cash and  conversion  of  the
Bridge  Financing, for which the Sales Agent is not  entitled  to
any  compensation, except for conversion of (a) $325,000 of notes
issued  on  or before June 8, 2000, held by clients of the  Sales
Agent  who are not affiliates of the Company and (b) $100,000  of
notes  issued to Eric Rand and $50,000 of notes issued to  Eileen
Mirman  after  June  8, 2000, but prior to the  execution  hereof
(collectively the "$475,000 Earlier Notes").  The Securities  are
described  in  the Private Placement Memorandum  (as  defined  in
paragraph  1(a)  below)  and will be  sold  in  reliance  on  the
exemptions  from registration set forth in Section  4(2)  of  the
Securities Act of 1933, as amended (the "Act"), and Rule  506  of
Regulation D promulgated thereunder.

     The  Company confirms the agreements made by it with respect
to the sale of the Securities by the Selling Agent, as follows:

1.   Representations and Warranties of the Company.

                                  E-1
<PAGE20

     The Company represents and warrants to, and agrees with you,
the  Selling Agent, as of the date hereof, and as of each Closing
Date  and  until  the  last Closing Date  (which  is  hereinafter
defined in paragraph 12 of this Agreement) that:

     (a)   A Private Placement Memorandum, including all exhibits
attached  thereto (the "Private Placement Memorandum"),  relating
to  the private offering of the Securities, copies of which  have
theretofore  been  delivered to you, has  been  prepared  by  the
Company  in  order  to  consummate the Offering  pursuant  to  an
exemption  contained  in the Act, and the rules  and  regulations
(the  "Rules  and  Regulations") of the Securities  and  Exchange
Commission (the "Commission") promulgated thereunder.

     (b)  As of the date of the Private Placement Memorandum and at
all times subsequent thereto until the last Closing Date, neither
the Private Placement Memorandum, nor any supplement or amendment
thereto,  nor any report filed by the Company with the Commission
under  the  Securities  Exchange Act of  1934,  as  amended  (the
"Exchange  Act") will include any untrue statement of a  material
fact  or  omit  to  state  any material fact  necessary  to  make
statements  therein, in light of the context in which  they  were
made,  not misleading; provided, however, that the Company  makes
no  representations, warranties or agreement  as  to  information
contained in or omitted from the Private Placement Memorandum  in
reliance  upon,  and  in  conformity  with,  written  information
furnished  to  the Company by the Selling Agent specifically  for
use in the Private Placement Memorandum.

     (c)   The  Company has been duly incorporated and is validly
existing as a corporation in good standing under the laws of  the
jurisdiction of its incorporation, with full power and  authority
(corporate  and  other)  to own its properties  and  conduct  its
business as described in the Private Placement Memorandum, and is
duly qualified to do business as a foreign corporation and is  in
good  standing in all other jurisdictions in which the nature  of
its  business  or  the character or location  of  its  properties
requires  such qualification, except where failure to so  qualify
will not materially affect the Company's business, properties  or
financial condition.

     (d)  The authorized, issued and outstanding securities of the
Company  as of each Closing Date of the Offering is as set  forth
in  the  Private  Placement Memorandum; all  of  the  issued  and
outstanding securities of the Company have been, or will be  when
issued  as  set  forth in the Private Placement Memorandum,  duly
authorized, validly issued, fully paid, and non-assessable; based
in  part on the representations of the subscribers to the Private
Placement  Memorandum and the actions of the Selling  Agent,  the
issuances  and  sales  of  all such securities  complied  in  all
material  respects with applicable Federal and  State  securities
laws;  to  the Company's knowledge, the holders thereof  have  no
rights  of  rescission against the Company with respect  thereto,
and are not subject to personal liability by reason of being such
holders; none of such securities were issued in violation of  the
preemptive  rights of any holders of any security of the  Company
or  similar contractual rights granted by the Company; except  as
set  forth  in  the  Private Placement  Memorandum,

                                  E-21
<PAGE>

no  options,
warrants  or  other  rights  to  purchase,  agreements  or  other
obligations  to issue, or agreements or other rights  to  convert
any  obligation  into, any securities of the  Company  have  been
granted or entered into by the Company; and all of the securities
of  the  Company,  issued and to be issued as set  forth  in  the
Private  Placement Memorandum, conform to all statements relating
thereto contained in the Private Placement Memorandum.

     (e)  The Preferred Stock, Warrants, and shares of Common Stock
issuable  upon  the  conversion  or  exercise  thereof  are  duly
authorized,  and  when  issued and  delivered  pursuant  to  this
Agreement,  will be duly authorized, validly issued, fully  paid,
and no personal liability will attach to the ownership thereof.

     (f)   This  Agreement has been duly and validly  authorized,
executed and delivered by the Company, and assuming due execution
of this Agreement by the Selling Agent, will constitute the valid
and  binding  obligation of the Company enforceable  against  the
Company  in  accordance with its terms, except as  enforceability
may  be limited by bankruptcy, insolvency or other laws affecting
the  rights  of creditors generally.  The Company has full  power
and authority to authorize, issue and sell the Securities on, and
subject  to,  the terms and conditions set forth in  the  Private
Placement Memorandum, and no consent, approval, authorization  or
order  of  any  governmental authority is required in  connection
with  such authorization, execution and delivery, except such  as
may be required under the Act or state securities laws.

     (g)  Except as described in the Private Placement Memorandum, the
Company  is  not  in violation, breach of or default  under,  and
consummation  of  the  transactions herein contemplated  and  the
fulfillment  of  the terms of this Agreement  will  not  conflict
with, or result in a breach of, or constitute a default under, or
result  in  the  creation or imposition of any  lien,  charge  or
encumbrance upon any of the property or assets of the Company  or
any  of the terms of any indenture, mortgage, deed of trust, loan
agreement  or other agreement or instrument to which the  Company
is  a party or by which the Company may be bound or to which  any
of  the  property or assets of the Company is subject,  nor  will
such action result in any material violation of the provisions of
the  articles  of  incorporation or by-laws of  the  Company,  as
amended,  or  any  statute  or  any  order,  rule  or  regulation
applicable  to  the  Company of any court or  of  any  regulatory
authority or other governmental body having jurisdiction over the
Company.

     (h)  The Company has good and marketable title to all properties
and assets described in the Private Placement Memorandum as owned
by  it,  free  and  clear of all liens, charges, encumbrances  or
restrictions,  except such as are not material to  the  business,
financial condition or results of operations of the Company;  all
of  the material leases and subleases under which the Company  is
the  lessor  or sublessor of properties or assets or under  which
the Company holds properties or assets as lessee or sublessee  as
described  in the Private Placement Memorandum are in full  force
and  effect,  and the Company is not in default in  any  material
respect with respect to any of the terms or provisions of any  of
such  leases  or  subleases, and no claim has  been  asserted  by
anyone  adverse  to  rights of

                                  E-22
<PAGE>

the Company as lessor,  sublessor,
lessee,  or  sublessee  under  any of  the  leases  or  subleases
mentioned  above, or affecting or questioning the  right  of  the
Company  to  continued  possession of  the  leased  or  subleased
premises  or  assets under any such lease or  sublease;  and  the
Company  owns  or  leases all such properties  described  in  the
Private  Placement Memorandum as are necessary to its  operations
as  now  conducted and, except as otherwise stated in the Private
Placement Memorandum, as proposed to be conducted as set forth in
the Private Placement Memorandum.

     (i)  Arthur Andersen LLP, Certified Public Accountants, who has
given  its  report  on  certain financial  statements  which  are
included  in our annual report on Form 10-KSB for the year  ended
December  31,1999,  is,  to the Company's knowledge,  independent
public  accountants  as  required by the  Exchange  Act  and  the
regulations promulgated thereunder.

     (j)   The financial statements and schedules, together  with
related  notes,  set forth or incorporated by  reference  in  the
Private   Placement  Memorandum  present  fairly  the   financial
condition,  results of operations and cash flows of the  Company,
on  the basis stated in the Private Placement Memorandum, at  the
respective  dates and for the respective periods  to  which  they
apply, provided that financial statements which are not as of the
end of any fiscal year are subject to such adjustments as may  be
required  in the normal course of preparation of annual financial
statements.  Said statements and related notes and schedules have
been  prepared  in accordance with generally accepted  accounting
principles  applied  on  a basis which is consistent  during  the
periods involved. The Company's internal accounting controls  and
procedures are sufficient to cause the Company to comply  in  all
material  respects with generally accepted accounting  principles
applied  on  a  basis  that  is  consistent  during  the  periods
involved.

     (k)  Subsequent to the respective dates as of which information
is  set  forth  in the Private Placement Memorandum  and  to  and
including  each  Closing  Date,  except  as  set  forth   in   or
contemplated by the Private Placement Memorandum, (i) the Company
has  not  incurred  and  will  not  have  incurred  any  material
liabilities  or obligations, direct or contingent,  and  has  not
entered  into  and  will  not  have  entered  into  any  material
transactions other than as contemplated in the Private  Placement
Memorandum  except in the ordinary course of business,  (ii)  the
Company  has not and will not have paid or declared any dividends
or  have made any other distribution on its capital stock;  (iii)
there  has not been any material change in the capital stock  of,
or  any  incurrence of long-term debt by, the Company;  (iv)  the
Company  has not issued any warrants, options or other rights  to
purchase  any securities of the Company (except the  Company  may
grant  compensatory options to purchase up to 600,000  shares  to
employees, directors or consultants); and (v) there has not  been
and  will  not  have  been any material  adverse  change  in  the
business,  financial condition or results of  operations  of  the
Company,  or  in  the book value of the assets  of  the  Company,
arising for any reason whatsoever.

     (l)  Except as set forth in the Private Placement Memorandum,
there  is  not  now pending or, to the knowledge of the  Company,
threatened, any action, suit, proceeding, inquiry, arbitration or
investigation  against  the Company or any  of  its  officers  or
directors,

                                  E-23
<PAGE>

nor, to the knowledge of the company, any such action,
suit  proceeding,  inquiry, arbitration, or investigation,  which
might  result  in  any material adverse change in  the  condition
(financial  or  otherwise), business  prospects,  net  worth,  or
properties of the Company.

     (m)   The Company has filed all necessary federal, state and
foreign  income and franchise tax returns and has paid all  taxes
shown  as  due thereon; and there is no tax deficiency which  has
been or to the knowledge of the Company might be asserted against
the  Company  that  has not been provided for  in  the  financial
statements.

     (n)   The Company has sufficient licenses, permits and other
governmental authorizations currently required for the conduct of
its business or the ownership of its property as described in the
Private Placement Memorandum and is complying therewith and  owns
or  possesses adequate right to use all material patents,  patent
applications  trademarks, service marks,  trade-names,  trademark
registrations,   service  mark  registrations,  copyrights,   and
licenses necessary for the conduct of such business and  has  not
received  any  notice  of conflict with the  asserted  rights  of
others in respect thereof.  None of the activities or business of
the Company are in violation of, or cause the Company to violate,
any  law,  rule,  regulation or order of the United  States,  any
state, county or locality, or of any agency or body of the United
States  or  of  any state, county or locality, the  violation  of
which  would  have a material adverse impact upon  the  condition
(financial or otherwise), business, property, prospective results
of operations, or net worth of the Company.

     (o)  The Company has not, directly or indirectly, at any time (i)
made any contributions to any candidate for political office,  or
failed  to disclose fully any such contribution, in violation  of
law  or  (ii) made any payment to any state, federal  or  foreign
governmental  officer or official, or other person  charged  with
similar  public  or quasi-public duties, other than  payments  or
contributions required or allowed by applicable law.

     (p)  On the Closing Date, all transfer or other taxes (including
franchise,  capital stock or other tax, other than income  taxes,
imposed  by  any jurisdiction) if any, which are required  to  be
paid  in  connection with the sale and transfer of the Securities
will have been fully paid or provided for by the Company and  all
laws imposing such taxes will have been fully complied with.

     (q)  Except as described in the Private Placement Memorandum, the
Company  has  no subsidiary corporations.  The Company  does  not
have  any  equity  interest  in any partnership,  joint  venture,
association  or other entity except as disclosed in  the  Private
Placement Memorandum.

     (r)  The Company is in compliance in all material respects with
all  federal, state and local laws and regulations respecting the
employment of its employees and employment practices,  terms  and
conditions  of  employment and wages and hours relating  thereto.
To  the  Company's knowledge, there are no pending investigations
involving  the  Company by the U.S. Department of Labor,  or  any
other governmental agency responsible

                                  E-24
<PAGE>

for the enforcement of such
federal,  state or local laws and regulations.  To the  Company's
knowledge, there is no unfair labor practice charge or  complaint
against  the Company pending before the National Labor  Relations
Board  or  any strike, picketing, boycott, dispute,  slowdown  or
stoppage  pending or to the knowledge of the Company,  threatened
against  or involving the Company or any predecessor entity.   No
question   concerning   representation  exists   respecting   the
employees  of the Company and no collective bargaining  agreement
or  modification  thereof is currently being  negotiated  by  the
Company.  No grievance or arbitration proceeding is pending under
any  expired or existing collective bargaining agreements of  the
Company, if any.

     (s)  Other than as set forth in the Private Placement Memorandum,
the  Company has not entered into any agreement pursuant to which
any  person  is  entitled,  either  directly  or  indirectly,  to
compensation  from the Company, from the Selling Agent,  or  from
any other person, for services as a finder in connection with the
proposed  private offering, and the Company agrees  to  indemnify
and  hold harmless the Selling Agent against any losses,  claims,
damages  or  liabilities, joint or several, which shall  include,
but  not  be  limited to , all costs to defend against  any  such
claim,  so  long as such claim arises out of agreements  made  or
allegedly made by the Company.

     (t)   Based upon written representations received  from  the
officers and directors of the Company, except as disclosed in the
Private Placement Memorandum, during the past five years, none of
the officers or directors of the Company have been:

               (i)  The subject of a petition under the federal bankruptcy laws
          or any state insolvency law filed by or against them, or a
          receiver, fiscal agent or similar officer appointed by a court
          for their business or property, or any partnership in which any
          or them was a general partner at or within two years before the
          time of such filing, or any corporation or business association
          of which any of them was an executive officer at or within two
          years before the time of such filing;

               (ii) Convicted in a criminal proceeding or a named subject of a
          pending criminal proceeding (excluding traffic violations and
          other minor offenses);

               (iii)     The subject of any order, judgment, or decree not
          subsequently reversed, suspended or vacated, of any court of
          competent jurisdiction, permanently or temporarily enjoining any
          of them from, or otherwise limiting, any of the following
          activities:

               (A)  acting as a futures commission merchant, introducing broker,
               commodity trading advisor, commodity pool operator, floor broker,
               leverage transaction merchant, any other person regulated by the
               Commodity Futures Trading Commission, or an associated person of
               any of the foregoing, or as an investment adviser, underwriter,

                                  E-25
<PAGE>

               broker or dealer in securities, or as an affiliated person,
               director or employee of any investment company, bank, savings and
               loan association or insurance company, or engaging in or
               continuing any conduct or practice in connection with any such
               activity;
               (B)  engaging in any type of business practice; or

               (C)  engaging in any activity in connection with the purchase or
               sale of any security or commodity or in connection with any
               violation of federal or state securities law or federal commodity
               laws.

               (iv) The subject of any order, judgment or decree, not
          subsequently reversed, suspended or vacated of any federal or
          state authority barring, suspending or otherwise limiting for
          more than sixty (60) days their right to engage in any activity
          described in paragraph 1(t)(iii) above, or be associated with
          persons engaged in any such activity;

               (v)  Found by any court of competent jurisdiction in a civil
          action or by the Securities and Exchange Commission to have
          violated any federal or state securities law, and the judgment in
          such civil action or finding by the Commission has not been
          subsequently reversed, suspended or vacated; or

               (vi) Found by a court of competent jurisdiction in a civil action
          or by the Commodity Futures Trading Commission to have violated
          any federal commodities law, and the judgment in such civil
          action or finding by the  Commodity Futures Trading Commission
          has not been subsequently reversed, suspended or vacated.

       (u)    The  Company  does  not  currently  have  filed   a
registrations  statement under the Act for a public  offering  of
any  of  its  securities  by the Company,  nor  has  the  Company
completed  a public offering of any of its securities within  the
past six months.

2.    Representations and Warranties of Selling Agents.   Selling
Agent  represents  and warrants to and agrees  with  the  Company
that:

     (a)  Selling Agent is a member in good standing of the National
Association of Securities Dealers, Inc., is registered as a
broker/dealer under the Securities Exchange Act of 1934 (the
"Exchange Act"), and is licensed as a broker/dealer under the
laws of the states of Florida, New York and any other state
securities laws applicable to the offers and sales of the
Preferred Stock by Selling Agent, and will immediately notify the
Company in writing of any change in its status as such;

     (b)   This Agreement has been duly authorized, executed  and
delivered  by  Selling  Agent.  This  Agreement  constitutes  the
valid, legal and binding obligation of Selling Agent, enforceable
in  accordance  with  its terms, except as  rights  to  indemnity
hereunder  may  be  limited  by  applicable  federal   or   state
securities laws, and except as such enforceability may

                                  E-26
<PAGE>

be limited
by   bankruptcy,  insolvency,  reorganization  or  similar   laws
affecting  creditor's  rights  generally  and  general  equitable
considerations;

     (c)  The consummation of the transactions contemplated hereby
will  not result in any breach of the terms or conditions of,  or
constitute a default under, any agreement or other instrument  to
which  Selling Agent is a party, or violate any order, applicable
to  Selling  Agent, of any court or federal or  state  regulatory
body  or  administrative agency having jurisdiction over  Selling
Agent or over any of its property; and

     (d)   Selling Agent will use its reasonable best efforts  to
conduct  the  Offering hereunder in a manner intended  to  be  in
compliance  with  the provisions of this Agreement  and  in  this
regard  and  for  Selling  Agent to be deemed  to  be  using  its
reasonable best efforts, Selling Agent will:

               (i)  Conduct the Offering, insofar as is under Selling Agent's
          control, in a manner intended to be in compliance with the
          requirements of Regulation D;

               (ii) Comply with the rules of the state securities laws of the
          states in which Selling Agent offers or sells Preferred Stock in
          this Offering (offers and sales will be made only in those states
          in which Selling Agent has been advised by the Company that blue
          sky clearance has been obtained or is not required); and

               (iii)     During the course of the Offering, not make any
          representations other than those expressly set forth in the
          Memorandum or any supplement or amendment thereto which has been
          authorized in writing by the Company.

3.   Appointment of Selling Agent to Sell the Securities.

      (a)   Subject to the terms and conditions of this Agreement
and  based  upon  the representations, warranties and  agreements
herein  contained, the Company hereby appoints the Selling  Agent
as an agent of the Company, until the last Closing Date (which in
any  event  shall  not be later than 90 days  after  the  Private
Placement  Memorandum is available for distribution to  potential
purchasers),  to find qualified purchasers for the Securities  in
accordance with the Act and the Rules and Regulations, who  shall
be  accredited investors as that term is defined in  Rule  501(a)
under  the  Act,  and  the Selling Agent, on  the  basis  of  the
representations  and  warranties of the Company  herein,  accepts
such  appointment  and  agrees to use its best  efforts  to  find
qualified  purchasers for the Securities in accordance  with  the
Act  and the Rules and Regulations; provided, that the engagement
of  the Selling Agent and this Agreement may be terminated by the
Company if the Sales Agent fails to complete the Bridge Financing
on  the  terms set forth in Section 17 of this Agreement  or  the
Sales Agent fails to sell and an initial closing is not held with
respect  to  200,000 Units at a cash purchase price of $2,000,000
on  or  before the later of

                                  E-27
<PAGE>

September 29, 2000, and 30 days after
the Private Placement Memorandum is available for distribution to
potential purchasers.  The price of the Units shall be $10.00 per
Unit.   The  Company shall pay a sales commission of ten  percent
(10%) of the total proceeds to the Selling Agent with respect  to
each Unit sold for cash and each Unit sold through conversion  of
the  $475,000  Earlier Notes, plus 10% of the proceeds  from  the
bridge  financing contemplated by Section 17 of  this  Agreement.
However, no commission will be payable to the Selling Agent  upon
conversion  of  the  notes issued by the Company  in  the  Bridge
Financing  contemplated  by Section 17  of  this  Agreement.   In
addition,  the  Company  shall reimburse the  Selling  Agent  for
expenses  it incurs in connection with this Offering  on  a  non-
accountable basis in the aggregate amount of 3% of the amount  on
which  the sales commission is paid to the Sales Agent; provided,
that  the  total payment for such non-accountable expenses  shall
not exceed $250,000.  At each Closing, the Company shall sell  to
Selling Agent at a price of $0.001 each, warrants to purchase 20%
of the number of shares of Common Stock issuable on conversion of
all  Preferred  Stock included in the Units (including  Preferred
Stock  included  in  Units issuable on conversion  of  the  notes
issued  in the Bridge Financing contemplated by Section  17,  but
excluding  Units  issuable on conversion of the $475,000  Earlier
Notes  or  any other notes of the Company outstanding as  of  the
date  of  this Agreement) sold in the offering exercisable  at  a
price of $2.50 per share over a five year term commencing on  the
first  closing.   If the Company shall otherwise  terminate  this
Agreement  prior  to the first closing, then  the  Company  shall
issue to the Sales Agent the warrants described in this paragraph
for the purchase of 500,000 shares of Common Stock.

          The  Company  reserves  the right  to  make  the  final
determination as to whether any purchasers found by  the  Selling
Agent  are  "accredited investors" within  the  meaning  of  Rule
501(a)  of  Regulation  D  under  the  Act,  and  to  reject  the
subscriptions  of  any purchasers the Company  deems  not  be  so
accredited.

     (b)   The  Selling Agent shall use its best efforts to  find
qualified purchasers for the Securities on behalf of the  Company
in accordance with the Act and the Rules and Regulations, and the
Selling  Agent  will instruct investors to make  all  remittances
payable  to  an escrow agent jointly selected by the Company  and
Sales Agent..  Any and all funds received from such sale, without
any  deduction therefrom whatsoever, including, but  not  limited
to,  any commission or any dealer concession or otherwise,  shall
be forthwith deposited in such escrow account.

     (c)  The holders of the $475,000 Earlier Notes and all other
notes  issued  from June 1, 2000 through August 31,  2000,  shall
have, notwithstanding the terms of any such notes, the option  of
exchanging  their  notes for Units in the Offering  or  receiving
payment in full of the outstanding balance owed on the notes.

4.   Delivery of the Securities.

                                  E-28
<PAGE>

     Delivery  of the Securities sold by the Selling Agent  shall
take  place at the offices of the Selling Agent (or at such other
place as may be designated by the Selling Agent), on each Closing
Date.

5.   Offering the Securities on Behalf of the Company.

     It  is  understood that the Selling Agent proposes  to  find
qualified  purchasers for the Securities in private sales  exempt
from  registration under the Act as contemplated in  the  Private
Placement Memorandum, solely as agent for the Company,  upon  the
terms   and   conditions  set  forth  in  the  Private  Placement
Memorandum.  The Selling Agent shall commence making  such  offer
as  agent  for  the Company on the date of the Private  Placement
Memorandum,  or as soon thereafter as the Selling Agent  and  the
Company deem advisable.

6.    Covenants of the Company.  The Company covenants and agrees
with the Selling Agent that:

     (a)  The Company has caused to be delivered to you copies of
the  Private Placement Memorandum, and the Company has  consented
and  hereby  consents to the use of such copies for the  purposes
permitted  by the Act.  The Company authorizes the Selling  Agent
to  use  the Private Placement Memorandum in connection with  the
sale  of the Securities during the offering period and until  the
last  Closing Date, in compliance with the Act and the Rules  and
Regulations, and for such period as in the opinion of counsel  to
the Company and the Selling Agent the use thereof is required  to
comply  with the applicable provisions of the Act and  the  rules
and  comply  with the applicable provisions of the  Act  and  the
Rules  and  Regulations.   If at any  time  within  the  offering
period,  there occurs an event of which the Company has knowledge
and  which  in the opinion of counsel for the Company or  counsel
for  the Selling Agent should be set forth in a supplement to the
Private  Placement  Memorandum in order to  make  the  statements
therein  not  then  misleading, in  light  of  the  circumstances
existing at the time the Private Placement Memorandum is required
to  be delivered to a purchaser of the Securities, or in case  it
shall  be  necessary to amend or supplement the Private Placement
Memorandum to comply with law or with the Act and the  Rules  and
Regulations,  the Company will notify you promptly and  forthwith
prepare  and  furnish  to  you copies  of  such  amended  Private
Placement Memorandum or of such supplement to be attached to  the
Private  Placement  Memorandum, in such  quantities  as  you  may
reasonably   request,  in  order  that  the   Private   Placement
Memorandum,  as so amended or supplemented, will not contain  any
untrue statement of a material fact or omit to state any material
facts  necessary in order to make the statements in  the  Private
Placement  Memorandum,  in the light of the  circumstances  under
which  they  are  made,  not  misleading.   The  preparation  and
furnishing  of  any such amendment or supplement to  the  Private
Placement  Memorandum  shall be without expense  to  the  Selling
Agent.   After  notice  by the Company to Selling  Agent  of  the
requirement for amendment or supplement to the Private  Placement
Memorandum  in accordance with this paragraph, the Selling  Agent
agrees  that  it will not deliver further

                                  E-29
<PAGE>

copies of  the  Private
Placement  Memorandum  to  any prospective  purchaser  until  the
appropriate  amendment or supplement has  been  supplied  by  the
Company.

          The  Company  will comply with the Act, the  Rules  and
Regulations  thereunder, and the provisions of the  Exchange  Act
and  the rules and regulations thereunder in connection with  the
offering and issuance of the Securities.

     (b)  The Company will, at its sole cost and expense, use its best
efforts to qualify and register the Securities for sale under the
securities  or  "blue  sky"  laws of such  jurisdictions  as  are
reasonably  requested by the Selling Agent, and  will  make  such
applications and furnish such information as may be required  for
that  purpose and to comply with such laws, provided the  Company
shall  not be required to qualify as a foreign corporation  or  a
dealer  in securities or to execute a general consent to  service
of  process  in  any jurisdiction in any action  other  than  one
arising  out  of  the  offering or sale of the  Securities.   The
Company will, from time to time, prepare and file such statements
and   reports  as  are  or  may  be  required  to  continue  such
qualification in effect for so long a period as the Selling Agent
may reasonably request, until the last Closing Date.

     (c)  The Company will apply the net proceeds from the sale of the
Securities   substantially  in  accordance  with  the   Company's
statements as set forth in the Private Placement Memorandum.

     (d)  The Company will reserve a sufficient number of shares of
Common Stock issuable upon conversion of the Preferred Stock  and
exercise of Warrants.

     (e)  The Company shall prepare and file a registration statement
(the  "Resale  Registration") with the  Securities  and  Exchange
Commission  within 90 days from the closing of  the  offering  in
order  to  permit the resale of the Common Stock  underlying  the
Preferred Stock and Warrants issued as part of the Units,  Common
Stock  underlying  any  warrants issued in the  Bridge  Financing
contemplated by Section 17, Common Stock underlying any  warrants
that  contain  registration rights that are now outstanding,  and
the  Common  Stock underlying the warrants issued  to  the  Sales
Agent under Section 3(a) (the "Registrable Securities").  If  the
Registrable   Securities   are  registered   under   the   Resale
Registration  within six months of the final  closing  and  as  a
condition to the Company's obligation to register for each holder
its  Registrable Securities, such holder (and its  assigns)  will
agree  not to sell any of the Registrable Securities without  the
written  approval  of Sales Agent and the Company  prior  to  the
later  of one year from the final closing or six months from  the
effective  date  of  the  registration  statement  (the  "Lock-up
Period").   The Company shall use its best efforts  to  have  the
Resale Registration declared effective as soon as possible  after
filing,  and  to keep such registration statement  effective  (by
filing  all necessary post effective amendments thereto) for  not
less  than the later of one year from the initial effective  date
of  the registration statement or six months following the end of
the  Lock-up  Period.  The holders of warrants  included  in  the
Registrable Securities shall, in addition to the rights conferred
above,  have "piggy-back" registration rights for the  underlying
Common Stock, which rights are effective from and after the  date
the  Resale

                                  E-30
<PAGE>

Registration  ceases to  be  effective  and  may  be
exercised  at  any time prior to the later of expiration  of  the
warrants or one year from the date the warrants are exercised, to
include  the  shares underlying the warrants in any  registration
statement  filed by the Company with the Securities and  Exchange
Commission during the period the "piggy-back" registration rights
may  be  exercised (other than a registration statement filed  on
Forms S-8 or S-4, or any similar form thereto).  The terms of the
registration  rights are as set forth in the Registration  Rights
Agreement  attached  as  an  exhibit  to  the  Private  Placement
Memorandum  and  the subscription document used  for  the  Bridge
Financing contemplated by Section 17 of this Agreement.

7.    Conditions of Selling Agent's Obligations.  The obligations
of the Selling Agent to act as agent for the Company are subject,
as  of  the  date  hereof and as of each  Closing  Date,  to  the
continuing  accuracy of, and compliance with, the representations
and  warranties  of  the  Company  herein,  to  the  accuracy  of
statements  of officers of the Company made to the Selling  Agent
pursuant  to  the  provisions hereof, to the performance  by  the
Company  of  its  obligations hereunder,  and  to  the  following
additional conditions:

     (a)  Since the date as of which information is presented in the
Private  Placement Memorandum; (i) there shall not have been  any
material  adverse change in the capital stock or other securities
of  the  Company or any material adverse change in the  long-term
debt of the Company except as set forth in or contemplated by the
Private Placement Memorandum; (ii) there shall not have been  any
material   adverse  change  in  the  general  affairs,  business,
properties or condition (financial or otherwise), management,  or
results of operations of the Company, whether or not arising from
transactions  in the ordinary course of business,  in  each  case
other  than  as  set  forth  in or contemplated  by  the  Private
Placement  Memorandum; (iii) the Company shall not have sustained
any  material  interference with its business or properties  from
fire,  explosion, flood or other casualty, whether or not covered
by  insurance,  or  from  any  labor  dispute  or  any  court  or
legislative or other governmental action, order or decree,  which
is  not  set forth in the Private Placement Memorandum; (iv)  the
Private  Placement Memorandum and any amendments  or  supplements
thereto  shall  contain all statements which are required  to  be
stated  therein  in  accordance with the Act and  the  Rules  and
Regulations,  and shall in all material respects conform  to  the
requirements   thereof,   and  neither  the   Private   Placement
Memorandum nor any amendment or supplement thereto shall  contain
any  untrue  statement of a material fact or omit  to  state  any
material fact required to be stated therein or necessary to  make
the  statements therein, in light of the circumstance under which
they  are  made, not misleading.  The Selling Agent's obligations
to find qualified purchasers under this Agreement shall cease, if
in  the  judgment  of  the Selling Agent,  any  such  development
referred  to  in  clauses  (i), (ii),  (iii)  or  (iv)  makes  it
impracticable or inadvisable to consummate the sale and  delivery
of the Securities by the Selling Agent.

     (b)  At each Closing Date, except as set forth in the Private
Placement  Memorandum, there is not pending or, to the  knowledge
of   the   Company,  threatened,  any  material   action,   suit,
proceeding,  inquiry,  arbitration or investigation  against  the
Company or any of the officers or directors of the Company,  nor,
to  the  Company's  knowledge, any

                                  E-31
<PAGE>

such  material  action,  suit,
proceeding,  inquiry, arbitration, or investigation, which  might
materially  and  adversely  affect the  condition  (financial  or
otherwise), business prospects, net worth, or properties  of  the
Company.
     (c)  Each of the representations and warranties of the Company
contained herein shall be true and correct as of this date and at
each  Closing  Date  as  if made at the  Closing  Date,  and  all
covenants and agreements herein contained to be performed on  the
part  of  the Company and all conditions herein contained  to  be
fulfilled  or  complied with by the Company at or  prior  to  the
Closing  Date  shall  have  been  duly  performed,  fulfilled  or
complied with.

     (d)  The Selling Agent shall have received on each Closing Date
certificates dated as of each Closing Date, signed by  the  Chief
Executive Officer and the Chief Financial Officer of the Company,
and  such other officers of the Company as the Selling Agent  may
reasonably request, certifying that:

               (i)  They do not know of any litigation instituted or threatened
               against the Company or any officer or director of the Company, of
               a character required to be disclosed in the Private Placement
               Memorandum which is not disclosed therein; they do not know of
               any contracts which are required to be summarized in the Private
               Placement Memorandum which are not so summarized; and they do not
               know of any material contracts required to be attached as
               exhibits to the Private Placement Memorandum which are not so
               attached;

                    (ii) They have each carefully examined the Private Placement
               Memorandum and, to the best of their knowledge, neither the
               Private Placement Memorandum nor any amendment or supplement
               thereto contains an untrue statement of any material fact or
               omits to state any material fact required to be stated therein or
               necessary to make the statement therein in light of the context
               in which they were made, not misleading; and since the date of
               the Private Placement Memorandum, to the best of their knowledge,
               there has occurred no event required to be set forth in an
               amendment or supplement to the Private Placement Memorandum which
               has not been so set forth;

                (iii)     Since the respective dates as of which information is
               given in the Private Placement Memorandum, there has not been any
               material adverse change in the condition of the Company,
               financial or otherwise, or in the results of its operations,
               except as reflected in or contemplated by the Private Placement
               Memorandum;

              (iv) Each of the representations and warranties set forth in the
               Selling Agent Agreement are true and correct as of the date

                                  E-32
<PAGE>

               hereof and as of each Closing Date, and the Company has complied
               with all of its agreements and performed all of its obligations
               under the Selling Agent Agreement;

               (v)  The Company is not delinquent in the filing of any United
               States or other tax return or the payment of any United States or
               other taxes; they know of no proposed redetermination or re-
               assessment of taxes adverse to the Company, and the Company has
               paid or provided by adequate reserves for all known tax
               liabilities;

                    (vi) The financial statements and schedules contained in the
               Private Placement Memorandum present fairly the financial
               position of the Company as of the dates thereof, all in
               conformity with generally accepted accounting principles applied
               on a consistent basis throughout the periods involved.  Since the
               respective dates of such financial statements, there have been no
               material adverse changes in the condition or general affairs of
               the Company, financial or otherwise, other  than as referred to
               in the Private Placement Memorandum;

                    (vii)     They have reviewed the sections in the Company's
               Private Placement Memorandum relating to their biographical data
               and equity ownership position in the Company, and all information
               contained therein is true and accurate; and

     (b)  The Selling Agent shall have received an opinion of counsel
to  the  Company  in form reasonably acceptable  to  the  Selling
Agent.

     (c)  If any of the conditions provided for in this Section shall
not  have been fulfilled as of the date indicated, this Agreement
and all obligations of the Selling Agent under this Agreement may
be canceled at, or at any time prior to, the last Closing Date by
the  Selling Agent notifying the Company of such cancellation  in
writing  or  by  facsimile at or prior to the last Closing  Date.
Any  such cancellation shall be without liability of the  Selling
Agent to the Company.

8.   Indemnification.

     (a)   The Company agrees to indemnify and hold harmless  the
Selling  Agent and each person, if any, who controls the  Selling
Agent  within the meaning of the Act against any losses,  claims,
damages  or liabilities, joint or several (which shall,  for  all
purposes  of this Agreement, include but not be limited  to,  all
reasonable  costs of defense and investigation and all attorneys'
fees), to which the Selling Agent or such controlling person  may
become  subject,  under  the Act or otherwise,  insofar  as  such
losses,  claims,  damages or liabilities (or actions  in  respect
thereof)  arise out of or are based upon (i) any  breach  of  the
warranties  and  representations contained herein,  or  (ii)  any
untrue statement or alleged untrue statement of any material fact
contained  in  (A)  the  Private  Placement  Memorandum,  or  any
amendment or supplement thereto, (B) any blue sky application  or
other  document

                                  E-33
<PAGE>

executed by the company  specifically  for  that
purpose  or  based  upon  written information  furnished  by  the
Company and filed in any state or other jurisdiction in order  to
qualify  any  or all of the securities under the securities  laws
thereof  (any  such  application, document or  information  being
hereinafter called a "Blue Sky Application"), or (iii) arise  out
of or are based upon the omission or alleged omission to state in
the  Private Placement Memorandum, or any amendment or supplement
thereto, or in any Blue Sky Application, a material fact required
to  be stated therein or necessary to make the statements therein
not  misleading; provided, however, that the Company will not  be
liable  in any such cases to the extent, but only to the  extent,
that  any such losses, claim, damages or liability arises out  of
or  is based upon an untrue statement or alleged untrue statement
or  omission  or alleged omission made in reliance  upon  and  in
conformity  with written information furnished to the Company  by
or  on  behalf of the Selling Agent specifically for  us  in  the
preparation  of  the  Private Placement Memorandum  or  any  such
amendment or supplement thereof or any such Blue Sky Application.
This  indemnity  will be in addition to any liability  which  the
Company may otherwise have.

     (b)   The Selling Agent will indemnify and hold harmless the
Company,  each  of  its  directors, each  nominee  (if  any)  for
director  named  in  the Private Placement Memorandum,  and  each
person,  if  any, who controls the Company within the meaning  of
the  Act,  against  any  losses, claims, damages  or  liabilities
(which  shall, for all purposes of this Agreement,  include,  but
not be limited to, all costs of defense and investigation and all
attorneys'  fees)  to  which the Company or  any  such  director,
nominee,  officer or controlling person may become subject  under
the Act or otherwise, insofar as such losses, claims, damages, or
liabilities (or actions in respect thereof), arise out of or  are
based  upon  (i) any breach of the warranties and representations
contained herein, or (ii) any untrue statement or alleged  untrue
statement of any material fact contained in the Private Placement
Memorandum, or any amendment or supplement thereto, or arise  out
of  or  are  based upon the omission or the alleged  omission  to
state  therein a material fact required to be stated  therein  or
necessary to make the statements therein not misleading, in  each
case  to  the  extent, but only to the extent, that  such  untrue
statements  or  alleged untrue statement or omission  or  alleged
omission  was  made in the Private Placement Memorandum,  or  any
amendment  or  supplement  thereto,  in  reliance  upon  and   in
conformity  with written information furnished to the Company  by
the  Selling  Agent  specifically for use in  the  Selling  Agent
Memorandum.

     (c)  Promptly after receipt by an indemnified party under this
Section  of  notice  of  the commencement  of  any  action,  such
indemnified party will, if a claim in respect thereof  is  to  be
made  against the indemnifying party under this Section, promptly
notify  in  writing  the indemnifying party of  the  commencement
thereof;  but  the  omission so to notify the indemnifying  party
will  not relieve it from any liability which it may have to  any
indemnified party under this Section.  In case any such action is
brought  against any indemnified party, and it promptly  notifies
the   indemnifying  party  of  the  commencement   thereof,   the
indemnifying party will be entitled to participate  in,  and,  to
the  extent that it may wish, jointly with any other indemnifying
party  similarly notified, to assume the defense thereof, subject
to   the   provisions  herein  stated,  with  counsel  reasonably
satisfactory to such indemnified party, and after notice from the
indemnifying party to such indemnified party of its  election

                                  E-34
<PAGE>

so
to assume the defense thereof, the indemnifying party will not be
liable to such indemnified party under this Section for any legal
or other expenses subsequently incurred by such indemnified party
in  connection  with  the defense thereof other  than  reasonable
costs  of  investigation.  The  indemnified party shall have  the
right  to  employ  separate counsel in any  such  action  and  to
participate in the defense thereof, but the fees and expenses  of
such  counsel  shall  not be at the expense of  the  indemnifying
party  if the indemnifying party has assumed the defense  of  the
action  with  counsel reasonably satisfactory to the  indemnified
party; provided that the fees and expenses of such counsel  shall
be at the expense of the indemnifying party if (i) the employment
of  such  counsel has been specifically authorized in writing  by
the  indemnifying  party or (ii) the named parties  to  any  such
action  (including  any  impleaded  parties)  include  both   the
indemnified  party  and  the  indemnifying  party  and   in   the
reasonable judgment of the indemnified party, it is advisable for
the  indemnified party to be represented by separate counsel  (in
which  case  the indemnifying party shall not have the  right  to
assume  the  defense of such action on behalf of the  indemnified
party, it being understood, however, that the indemnifying  party
shall not, in connection with any one such action or separate but
substantially similar or related actions in the same jurisdiction
arising out of the same general allegations or circumstances,  be
liable  for  the reasonable fees and expenses of  more  than  one
separate firm of attorneys for such indemnified party, which firm
shall  be  designated in writing by the indemnified  party).   No
settlement  of any action against an indemnified party  shall  be
made  without the consent of the indemnifying party, which  shall
not  be  unreasonably  withheld  in  light  of  all  factors   of
importance to such indemnifying party.

9.   Contribution.

     (a)  If the indemnification provided for in this Agreement is
unavailable  to any indemnified party in respect to  any  losses,
claims,  damages,  liabilities or expenses referred  to  therein,
then  the  indemnifying  party,  in  lieu  of  indemnifying  such
indemnified party, will contribute to the amount paid or  payable
by  such  indemnified party, as a result of such losses,  claims,
damages,  liabilities or expenses (i) in such  proportion  as  is
appropriate  to  reflect the relative benefits  received  by  the
Company  on the one hand, and by the Selling Agent on  the  other
hand,  from  the offering, or (ii) if the allocation provided  by
clause  (i)  above is not permitted by applicable  law,  in  such
proportion  as  is appropriate to reflect not only  the  relative
benefits  referred to in clause (i) above, but also the  relative
fault of the Company on the one hand, and of the Selling Agent on
the  other  hand, in connection with any statements or  omissions
which  resulted  in such losses, claims, damages, liabilities  or
expenses  as well as any other relevant equitable considerations;
provided,  that any contribution hereunder by the  Selling  Agent
shall not exceed the amount of cash consideration received by the
Selling Agent hereunder.  The relative benefits received  by  the
Company  on the one hand, and by the Selling Agent on  the  other
hand,  shall be deemed to be in the same proportion as the  total
proceeds from the offering (net of sales commissions, and the non-
accountable  expense  allowance, but before  deducting  expenses)
received  by  the Company, bear to the commissions and  the  non-
accountable expense allowance received by the Selling Agent.  The
relative fault of the Company on the one hand, and of the Selling
Agent  on  the other hand, will be determined with reference

                                  E-35
<PAGE>

to, among other things, whether  the  untrue  or  alleged  untrue
statement of a material fact or the omission to state a  material
fact  relates  to  information supplied by the Company,  and  its
relative intent, knowledge, access or information and opportunity
to  correct  or prevent such statement or omission.  The  Company
and  the  Selling  Agent  agree that it would  not  be  just  and
equitable   if   contribution  pursuant  to  this  Section   were
determined  by  pro  rata allocation or by any  other  method  of
allocation,  which  does  not  take into  account  the  equitable
considerations  referred  to in this paragraph.   Notwithstanding
anything to the contrary, that in any such case, no person guilty
of  a fraudulent misrepresentation (within the meaning of Section
11(f) of the 1933 Act) shall be entitled to contributions for any
person who is not guilty of such fraudulent misrepresentation.

     (b)  Within fifteen (15) days after receipt by any party to this
Agreement  (or its representative) of notice of the  commencement
of  any action, suit, or proceeding, such party will, if a  claim
for contribution in respect thereof is to be made against another
party  ("Contributing Party"), notify the Contributing  Party  of
the  commencement  thereof, but the omission  to  so  notify  the
contributing  Party will not relieve it from any liability  which
it  may  have  to  any  other party other than  for  contribution
hereunder.   In  case  any such action,  suit  or  proceeding  is
brought against any party, and such party notifies a Contributing
Party  or  its representative of the commencement thereof  within
the  aforesaid fifteen (15) days, the Contributing Party will  be
entitled to participate therein with the notifying party and  any
other   Contributing   Party  similarly   notified.    Any   such
Contributing  Party  shall not be liable  to  any  party  seeking
contribution on account of any settlement of any claim, action or
proceeding  which was effected by such party seeking contribution
on  account  of any settlement of any claim, action or proceeding
effected  by such party seeking contribution without the  written
consent  of such Contributing Party.  The contribution provisions
contained  in  this  Section are intended to  supersede,  to  the
extent permitted by law, any right to contribution under the Act,
the Exchange Act or otherwise available.

10.  Costs and Expenses.

     (a)  Whether or not the sale of the Securities by the Company is
consummated, the Company will pay all costs and expenses incident
to the performance of this Agreement by the Company including but
not  limited  to the fees and expenses of counsel to the  Company
and of the Company's accountants; the costs and expenses incident
to  the  preparation,  printing, filing and distribution  of  the
Private  Placement Memorandum (including the financial statements
therein  and  all  amendments and exhibits  thereto);  all  state
filing fees, expenses and disbursements and legal fees of counsel
to the Company who shall serve as Blue Sky counsel to the Company
in  connection with the qualification of the Securities under the
state  securities  or blue sky laws, in such jurisdictions  which
the  Selling  Agent  shall  reasonably  designate;  the  cost  of
printing  and  furnishing to the Selling  Agent  copies  of  this
Agreement, any Selected Dealers Agreement (if required), the cost
of  printing the certificates evidencing the Securities; the cost
of  preparing and delivering to the Selling Agent and its counsel
bound  volumes containing copies of all documents and appropriate
correspondence,  and  all closing documents;  and  the  fees  and
disbursements of the transfer agent for the Company's securities.
The  Company shall pay any and all taxes

                                  E-36
<PAGE>

(including any transfer,
franchise,   capital   stock  or  other  tax   imposed   by   any
jurisdiction) on sales hereunder.  The Company will also pay  all
costs  and  expenses incident to the furnishing of any supplement
to be attached to the Private Placement Memorandum .
(b)  Other than as described in the Private Placement Memorandum,
no person is entitled, either directly or indirectly, to
compensation from the Company, from the Selling Agent or from any
other person for services as a finder in connection with the
proposed offering, and each of the Company and the Selling Agent
agrees to indemnify and hold harmless the other against any
losses, claims, damages or liabilities, joint or several which
shall, for all purposes of this Agreement, include, but not be
limited to, all costs of defense and investigation and all
attorneys' fees, to which the Selling Agent or the Company may
become subject insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are
based upon the claim of any person (other than an employee of the
party claiming indemnity) or entity that he or it is entitled to
a finder's fee in connection with the proposed offering by reason
of such person's or entity's influence or prior contact with the
indemnifying party.

11.   Closing  Date.   The offering will terminate  on  the  last
Closing Date, which shall be:

     (a)  the Termination Date described in the Private Placement
Memorandum, unless extended by the Company and the Selling  Agent
to a later date;

     (b)  the date all of the Securities are sold; or

     (c)  such earlier date specified in writing by the Company and
the Selling Agent.

12.  Representations, Warrants and Agreement to Survive Delivery.
The    respective   indemnities,   agreements,   representations,
covenants,  conditions, warranties and other  statements  of  the
Company  and/or its officers and/or directors, where appropriate,
and  the Selling Agreement set forth in or made pursuant to  this
Agreement will remain in full force and effect, regardless of any
investigation  made  by or on behalf of the  Selling  Agent,  the
Company   or  any of its officers or directors or any controlling
person  and  will  survive  delivery  of  and  payment  for   the
securities and the termination of the Agreement.

13.   Notices.  All communications hereunder will be  in  writing
and,  except  as  otherwise expressly provided  herein,  will  be
mailed, delivered or faxes and confirmed:

If to the Selling Agent: First Level Capital
                         50 Broadway, 24th Floor
                         New York, NY 10004
                         Attention: Mr. Eric Rand

If to the Company:       BuyersOnline.com, Inc.
                         66 E. Wadsworth Park Dr., Suite 101
                         Draper, Utah 84020
                         Attention:  Mr. Rod Smith

                                  E-37
<PAGE>

14.   Parties  in Interest.  This Agreement herein set  forth  is
made  solely  for the benefit of the Selling Agent,  the  Company
and,  to the extent expressed, any person controlling the Company
or  of the Selling Agent, and directors of the Company, and their
respective executors, administrators, successors, assigns and  no
other  person shall acquire or have any right under or by  virtue
of  this Agreement.  The term "successors and assigns" shall  not
include any purchaser of the Securities or other securities  from
the Selling Agent.

15.   Counterparts.  This Agreement may be executed in any number
of  counterparts  and  each of such counterparts  shall  for  all
purposes be deemed to be an original, and such counterparts shall
together constitute but one and the same instrument.

16.    Entire  Agreement.   This  Agreement  and  the  agreements
referred to within this Agreement constitute the entire agreement
of   the   parties,   and   supersedes   all   prior   agreement,
understanding, negotiations and discussions, whether  written  or
oral, of the parties hereto.

17.   Bridge  Financing.   Sales Agent's rights  and  obligations
hereunder  are conditioned on its securing, and having the  right
to  secure, for the Company bridge financing of $1,200,000 on  or
before  September 15, 2000, through the sale of promissory  notes
and  warrants  of  the  Company on the terms  set  forth  in  the
Subscription  Agreement delivered by the  Company  to  the  Sales
Agent.

     If the foregoing is in accordance with your understanding of
our  agreement, kindly sign and return this Agreement,  whereupon
it  will  become a binding Agreement between the company and  the
Selling Agent in accordance with its terms.

                                   Very truly yours,

                                   By:    /s/   Theodore   Stern,
Chairman

The  foregoing Agreement is hereby confirmed and accepted  as  of
the date first above written.

                                   FIRST LEVEL CAPITAL

                                   By: /s/

                                  E-38
<PAGE>

           ADDENDUM NO. 1 TO SELLING AGENT AGREEMENT

     This  Addendum  No.  1  ("Addendum") to  the  Selling  Agent
Agreement   dated   September  7,  2000   ("Agreement")   between
BuyersOnline.com, Inc. (the "Company") and First  Level  Capital,
Inc.  ("Selling  Agent")  is made and entered  this  9th  day  of
October, 2000.

     1.    The  reference in the first paragraph of the Agreement
to  the  minimum  offering of "200,000 Units at a  cash  purchase
price of $2,000,000" is hereby amended to read "200,000 Units  at
a cash purchase price of $2,000,000 (which may include conversion
of the $475,000 Earlier Notes, as defined in this paragraph)".

     2.   The reference in paragraph 3(a) of the Agreement to the
minimum  offering of "200,000 Units at a cash purchase  price  of
$2,000,000" is hereby amended to read "200,000 Units  at  a  cash
purchase price of $2,000,000 (which may include conversion of the
$475,000 Earlier Notes)".

     3.    In  all  other  respects the  Agreement  shall  remain
unchanged by this Addendum.

     Agreed  and  entered  into  the day  and  year  first  above
written.

                                   BUYERSONLINE.COM, INC.

                                   By:/s/Theodore Stern, Chairman

                                   FIRST LEVEL CAPITAL, INC.

                                   By: /s/

                                  E-39
<PAGE>

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