Document:

EXHIBIT 10.7

                                WARRANT AGREEMENT

         THIS WARRANT AGREEMENT effective the 19th day of October 1998, is
entered into by and between Flexweight Corporation, a Kansas corporation (the
"Company"), NuOasis International Inc., a corporation organized under the laws
of the Commonwealth of the Bahamas ("NuOasis") and the undersigned who, by their
execution hereof, agrees to serve as the agent for registration and transfer of
the Warrants (as defined below).

         WHEREAS, the Company proposes to issue a class up to an aggregate of
Thirty Six Million (36,000,000) warrants (the "Warrants") to purchase shares of
its Common Stock (as hereinafter described), subject to adjustment as provided
herein (the shares of Common Stock issuable on exercise of the Warrants being
referred to herein as the "Warrant Shares").  The Warrants are being issued and
the Warrant Shares are hereinafter being reserved by the Company in connection
with that certain Asset Purchase Agreement dated August   , 1998 ("Purchase
Agreement") between the Company, NuOasis and NuOasis Resorts Inc., a Nevada
corporation ("Resorts"), sole shareholder of NuOasis, pursuant to which the
Company is acquiring shares of capital stock of Cleopatra Palace Resort and
Casinos Limited, a UK corporation ("CPR") and the rights of NuOasis to the share
capital of NuOasis Resort & Casino N.V., a Netherlands Antilles corporation in
organization ("NRCNV").  The Purchase Agreement is attached hereto and
incorporated by reference herein as Exhibit "A";  and

         WHEREAS, the Company has selected the current registrar ("Transfer
Agent") for its $  par value common stock (the "Common Stock") to serve as the
Warrant Agent, and by its signature below, the Warrant Agent is willing to act
in connection with the issuance, division, transfer,
exchange, redemption and exercise of Warrants and the Warrant Shares.

         NOW, THEREFORE, for value received, the sufficiency and adequacy of
which is hereby acknowledged and accepted, and in consideration of the foregoing
and for the purposes of defining the terms and provisions of the Warrants, and
the respective rights and obligations hereunder of the Company and NuOasis (or
its transferees as the registered owners of the Warrants, collectively, the
"Holders"), the Company, NuOasis and the Warrant Agent hereby agree as follows:

1.    Appointment of Warrant Agent

      The Company hereby appoints the Warrant Agent to serve in accordance with
      the instructions set forth in this Agreement, for the benefit of NuOasis
      and the Company, and the Warrant Agent hereby accepts such appointment.

2.    Registration, Transferability and Form of Warrant

      2.1   Registration.   The Warrants shall be numbered and shall be
            registered in a Warrant register by the Warrant Agent as they are
            issued.  The Company and the Warrant Agent shall be entitled to
            treat the Holder of any Warrant(s) as the owner in fact thereof
            for all purposes, and shall not be bound to recognize any
            equitable or other claim to or interest in such Warrant(s) on the
            part of any other person.

      2.2   Transferability.  The Warrants shall be transferable by the Holders
            upon notice and delivery of such transfer delivered to the Company
            or the Warrant Agent at the respective address, properly endorsed by
            the registered Holder or transferor, or their duly authorized
            attorney or representative, and accompanied by proper evidence
            succession, assignment or authority to transfer.  In all cases of
            transfer by an attorney, the original power of attorney, duly
            approved by the Warrant Agent, or a copy thereof, duly notarized,
            shall be deposited and remain with the Warrant Agent.  In case of
            transfer by executors, administrators, guardians or other legal
            representatives, duly authenticated evidence of their authority
            shall be produced,  and may be required to be deposited and remain
            with the Warrant Agent in its discretion.  Upon any registration of
            transfer, the Warrant Agent shall countersign and deliver a new
            Warrant or Warrants to the persons entitled thereto.

      2.3.  Form of Warrant.  The terms and conditions pursuant to which the
            Warrants have been established and approved by the Company, and
            Warrants are established pursuant to which the Warrants shall be
            issued and available for future transfer, is set forth in the
            resolutions adopted by the Company's Board of directors on behalf of
            the Company effective October 19, 1998, copies of which resolutions
            are available for inspection at the Company's principal office
            during normal business hours, the language of which shall be set
            forth a form of Warrant containing each certificate representing the
            Warrants attached hereto as Exhibit "B"

            The Warrants shall be dated as of October 19, 1998 notwithstanding
            the date of countersignature thereof by the Warrant Agent or upon
            division, exchange, substitution or transfer. Warrants shall be
            numbered as follows:  "ORI-XXXXX".

3.       Countersignature of Warrants

         The price to purchase each Warrant Share and the number of Warrant
         Shares issuable upon exercise of each Warrant are subject to adjustment
         upon the occurrence of certain events, all as hereinafter provided. The
         Warrants shall each be executed on behalf of the Company by its
         Chairman of the Board or President under its corporate seal reproduced
         thereon and attested by its Secretary or an Assistant Secretary. The
         signature of any such officers on the Warrants may be manual or
         facsimile.

         Warrants bearing the manual or facsimile signature of individuals who
         were at any time the proper officers of the Company shall bind the
         Company, notwithstanding that such individuals or any one of them shall
         have ceased to hold such office prior to the delivery of such Warrants,
         or did not hold such office on the date of this Agreement.

         The Warrants shall be countersigned by the Warrant Agent (or any
         successor to the Warrant Agent then acting as Warrant Agent under this
         Agreement) and shall not be valid for any purpose unless so
         countersigned. Warrants may be countersigned, however, by the Warrant
         Agent (or by its successor as Warrant Agent hereunder) and may be
         delivered by the Warrant Agent, notwithstanding that the persons whose
         manual or facsimile signatures appear thereon as proper officers of the
         Company shall have ceased to be such officers at the time of such
         countersignature, issuance or delivery.  Unless otherwise provided in
         this Agreement, the Warrant Agent shall, upon written instruction of
         the Chairman of the Board, President, or Secretary of the Company,
         countersign, issue and deliver the Warrants which, according to the
         terms hereof, shall entitle the Holders thereof to purchase in the
         aggregate up to Thirty Six Million (36,000,000) shares of the Company's
         Common Stock (subject to the conditions and set forth herein).
<PAGE>
4.       Exchange of Warrant Certificates

         The certificate(s) representing a Warrant or Warrants may be exchanged
         for another certificate or certificates entitling the Holder thereof to
         purchase a like aggregate number of Warrant Shares as the certificate
         or certificates surrendered then entitle such Holder to purchase. Any
         Holder desiring to exchange a Warrant certificate or certificates shall
         make such request in writing delivered to the Warrant Agent, and shall
         surrender, properly endorsed, the certificate or certificates to be so
         exchanged. Thereupon, the Warrant Agent shall countersign and deliver
         to the person entitled thereto a new Warrant certificate or
         certificates, as the case may be, as so requested.

5.       Term of Warrants; Exercise of Warrants

         5.1.   Term of Warrants.  Subject to the terms hereof, NuOasis and/or
                the Holders shall have the right, which may be exercised
                commencing the Effective Date of issuance and until September
                30, 2003, to purchase from the Company the number of fully paid
                and non-assessable Warrant Shares which NuOasis and/or the
                Holder may at the time be entitled to purchase on exercise of
                such Warrants.

         5.2.   Exercise of Warrants.  Warrants may only be exercised for the
                purchase of whole Warrant Shares.  Warrants may be exercised
                upon surrender of the certificate or certificates evidencing the
                Warrants to be exercised (except as otherwise provided below),
                or directly to the Company at its principal office together with
                the form of election to purchase using the Warrant Exercise Form
                attached hereto as Exhibit "C" (duly completed and signed and
                accompanied by the payment of the Exercise Price (as defined in
                and determined in accordance with the provisions hereof), for
                the account of the Company for the number of Warrant Shares in
                respect of which such Warrants are then exercised.

         5.3    Transferability.   The Warrants are freely transferable without
                the prior consent or notice to the Company.  If the Warrants are
                assigned or transferred by NuOasis or a registered Holder,
                unless such assignment or transfer is to a NuOasis Affiliate or
                Subsidiary, or is the result of a corporate reorganization or
                recapitalization of NuOasis, the Exercise Price for the Warrant
                Shares must be paid in cash.  In the event the Warrants are
                retained by NuOasis, or are assigned or transferred to a NuOasis
                Affiliate or Subsidiary, or are assigned or transferred as a
                result of a corporate reorganization or recapitalization of
                NuOasis, the Exercise Price may be paid in cash or by the
                application of the surrender and cancellation of a pro rata
                portion of the Notes (as defined in the Purchase Agreement), or
                by the transfer by NuOasis of assets of pro rata value, the
                valuation of which shall be subject to recognized independent
                valuation experts.

                The term "Affiliate" for the purposes of this Agreement shall
                mean, as applied to any Person, (i) any other Person directly or
                indirectly controlling, controlled by or under common control
                with, that Person, (ii) any other Person that owns or controls
                five percent (5%) or more of any class of equity securities
                (including any equity securities issuable upon the exercise of
                any Option) of that Person or any of its Affiliates, or (iii)
                any member, director, partner, officer, agent, employee or
                relative of such Person.  For the purposes of this definition,
                "control" (including with correlative meanings, the terms
                "controlling", "controlled by", and "under common control with")
                as applied to any Person, means the possession, directly or
                indirectly,  of the power to direct or cause the direction of
                the management and policies of that Person, whether through
                ownership of voting securities or by contract or otherwise.
<PAGE>

                The term "Subsidiary" for the purposes of the Agreement shall
                mean, any Person in which Oasis, directly or indirectly,
                beneficially owns more than fifteen percent (15%) of either the
                equity interests in, or the voting control of, such Person.

                Subject to Section 5 hereof, upon such surrender of Warrants and
                payment of the Exercise Price, upon the exercise of such
                Warrants, the Company shall issue and cause to be delivered with
                all reasonable dispatch to or upon the written order of NuOasis
                and/or the Holder, and in such name or names as NuOasis and/or
                the Holder may designate, a certificate or certificates for the
                number of full Warrant Shares so purchased together with cash,
                as provided herein, in respect of any fractional Warrant Shares
                otherwise issuable upon such exercise of Warrants. Such
                certificate or certificates shall be deemed to have been issued
                and any person so designated to be named therein shall be deemed
                to have become a holder of record of such Warrant Shares as of
                the date of the surrender of such Warrants and payment of such
                Warrant Price, as set forth herein;  provided, however, that if,
                at the date of surrender of such Warrants and payment of such
                Warrant Price, the transfer books for the Warrant Shares or
                other class of stock purchasable upon the exercise of such
                Warrants shall be closed, the certificates for the Warrant
                Shares in respect of which such Warrants are then exercised
                shall be issuable as of the date on which such books shall next
                be opened and until such date the Company shall be under no duty
                to deliver any certificate for such Warrant Shares.  However,
                that the transfer books of record, unless otherwise required by
                law, shall not be closed at any one time for a period of longer
                than twenty days. The rights of purchase represented by the
                Warrants shall be exercisable, at the election of the Holders
                thereof, either in full or from time to time in part, and in the
                event that a certificate evidencing warrants is exercised in
                respect of less than all of the Warrant Shares purchasable on
                such exercise at any time prior to the date of expiration of the
                Warrant, a new certificate evidencing the remaining Warrant or
                Warrants will be issued, and the Warrant Agent is hereby
                irrevocably authorized to countersign and to deliver the
                required new Warrant certificate or certificates pursuant to the
                provisions of this paragraph and otherwise set forth herein. The
                Company, whenever required by the Warrant Agent, will supply the
                Warrant Agent with Warrant certificates duly executed on behalf
                of the Company for such purpose.

6.       Payment of Taxes

         The Company will pay all documentary stamp taxes, if any, attributable
         to the initial issuance of Warrant Shares upon the exercise of
         Warrants; provided, however, that the Company shall not be required to
         pay any tax or taxes which may be payable in respect of any transfer
         involved in the issue or deliver of any Warrants or certificates for
         Warrant Shares in a name other than that of the registered Holder of
         Warrants in respect of which such Warrant Shares are issued.  Any and
         all other taxes or assessments are the sole responsibility and
         obligation of the Holder(s).
<PAGE>
7.       Mutilated or Missing Warrants

         In case any of the certificates evidencing the Warrants shall be
         mutilated, lost, stolen or destroyed, the Company may in its discretion
         issue, and the Warrant Agent shall countersign and deliver in exchange
         and substitution for and upon cancellation of the mutilated Warrant
         certificate, or in lieu of and substitution for the Warrant certificate
         lost, stolen or destroyed, a new Warrant certificate of like tenor and
         representing an equivalent right or interest; but only upon receipt of
         evidence satisfactory to the Company and the Warrant Agent of such
         loss, theft or destruction of such Warrant and indemnity if requested,
         also satisfactory to them. An applicant for such a substitute Warrant
         certificate shall also comply with such other reasonable regulations
         and pay such other reasonable charges as the Company or the Warrant
         Agent may prescribe.

8.       Reservation of Warrant Shares; Purchase and Cancellation of Warrants

         8.1.   Reservation of Warrant Shares.  There have been reserved, and
                the Company shall at all times keep reserved and available
                out of its authorized Common Stock, such number of shares of
                its Common Stock as shall be sufficient to provide for the
                exercise of the outstanding Warrants. The Transfer Agent for
                the Common Stock and every subsequent transfer agent for any
                shares of the Company's capital stock issuable upon the
                exercise of the Warrants will be irrevocably authorized and
                directed at all times to reserve such number of authorized
                shares as shall be requisite for such purpose. The Company will
                keep a copy of this Agreement on file with its Transfer Agent,
                or its successors, and with every subsequent transfer agent for
                any shares of the Company's capital stock issuable upon the
                exercise of the rights of purchase represented by the Warrants.
                The Warrant Agent is hereby irrevocably authorized to
                requisition from time to time from the Transfer Agent (if they
                are not one in the same), or its successors, the stock
                certificates required to honor outstanding Warrants upon
                exercise thereof in accordance with the terms of this Agreement.
                The Company agrees to timely supply its Transfer Agent or its
                successors with duly executed stock certificates for such
                purposes and will provide or otherwise make available any cash
                which may be payable as provided for herein.  All Warrants
                surrendered in the exercise of the rights thereby evidenced
                shall be cancelled by the Warrant Agent and shall thereafter be
                delivered to the Company.

         8.2.   Purchase of Warrants by the Company.  The Company shall have the
                right, except as limited by law, other agreement or herein, to
                purchase or otherwise acquire Warrants at such times, in such
                manner and for such consideration as it may deem appropriate.
<PAGE>
         8.3.   Cancellation of Warrants.  In the event the Company shall
                purchase or otherwise acquire Warrants, the same shall thereupon
                be delivered to the Warrant Agent and be cancelled by it and
                retired. The Warrant Agent shall cancel any Warrants surrendered
                for exchange, substitution, transfer or exercise in whole or in
                part.

9.       Exercise Price

         Each Warrant shall entitle the holder thereof to purchase one (1) share
         of the Company's Common Stock (subject to adjustment as set forth
         herein), at a purchase price per share (the "Exercise Price") of Five
         Dollars ($5.00).

10.      Adjustment of Exercise Price and Number of Warrant Shares

         At any time after the Company first issues the Warrants and while any
         of the Warrants remain outstanding, if the Company shall effect a
         subdivision or combination of its Common Stock, subject to the
         Protective Provisions (as defined below), the Exercise Price and number
         of Warrant Shares then in effect immediately before that subdivision or
         combination shall be proportionately adjusted.  Any adjustment shall
         become effective at the close of business on the date the subdivision
         or combination becomes effective, as hereinafter defined:

         10.1.     Mechanical Adjustments.  The number of Warrant Shares
                   purchasable upon the exercise of each Warrant and the
                   Exercise Price shall be subject to adjustment as follows:

                   (a)     Reclassification, Exchange or Substitution.  In case
                           the Company shall (i) pay a dividend in shares of
                           Common Stock or make a distribution in shares of
                           Common Stock, (ii) subdivide its outstanding shares
                           of Common Stock, (iii) combine its outstanding shares
                           of capital stock into a greater number of shares of
                           Common Stock, or (iv) issue by reclassification of
                           recapitalization of its shares of Common Stock other
                           securities of the Company, the number of Warrant
                           Shares purchasable upon exercise of each Warrant
                           immediately prior thereto shall be adjusted so that
                           the Holder of each Warrant shall be entitled to
                           receive the kind and number of Warrant Shares or
                           other securities of the Company which he would have
                           owned or have been entitled to receive after the
                           happening of any of the events described above, had
                           such Warrant been exercised immediately prior to the
                           happening of such event or any record date with
                           respect thereto. An adjustment made pursuant to this
                           paragraph (a) shall become effective immediately
                           after the effective date of such event retroactive to
                           the record date, if any, for such event.

                   (b)     Dividend, Distribution, Subscription Rights.  In case
                           the Company shall distribute to all holders of its
                           shares of Common Stock evidence of its indebtedness
                           or assets (excluding cash dividends or distributions
                           payable out of consolidated earnings or earned
                           surplus and dividends or distributions referred to in
                           paragraph (a) above, or rights, options or warrants
                           or exercisable or exchangeable securities containing
                           the right to subscribe for or purchase shares of
                           Common Stock, then in each case the number of Warrant
                           Shares thereafter purchasable upon the exercise of
                           each Warrant, by a fraction, of which the numerator
                           shall be the then current market price per share of
                           Common Stock (as defined in Section 10.2 hereof) on
<PAGE>
                           the date of such distribution, and of which the
                           denominator shall be the then current market price
                           per share of Common Stock, less the then fair value
                           (as determined by the Board of Directors of the
                           Company, whose determination shall be conclusive) of
                           the portion of the assets or evidences of
                           indebtedness so distributed or of such subscription
                           rights, options or warrants, or of such exercisable
                           or exchangeable securities applicable to one
                           share of Common Stock. Such adjustment shall be made
                           whenever any such distribution is made, and shall
                           become effective on the date of distribution
                           retroactive to the record date for the determination
                           of stockholders entitled to receive such
                           distribution.

                   (c)     Reorganization, Mergers, Consolidations or Sales of
                           Assets.  At any time after the Company first issues
                           the Warrants and while any of the Warrants remain
                           outstanding, if there shall be a capital
                           reorganization of the Common Stock (other than a
                           subdivision, combination, reclassification, or
                           exchange of shares), or a merger or consolidation of
                           the Company with or into another Company, or the sale
                           of all or substantially all of the Company's assets
                           to any other person, then as a part of such
                           reorganization, merger, consolidation, or sale,
                           provision shall be made so that the holders of the
                           Warrants thereafter shall be entitled to receive upon
                           exercise of the Warrants, the number of shares of
                           Common Stock or other securities or property of the
                           Company, or of the successor Company resulting from
                           such merger or consolidation or sale, to which a
                           holder of Warrants deliverable upon exercise would
                           have been entitled on such capital reorganization,
                           merger, consolidation, or sale.

                   The provisions of this paragraph shall similarly apply to
                   successive consolidations, mergers, sales or conveyances. The
                   Warrant Agent shall be under no duty or responsibility to
                   determine the correctness of any provisions contained in any
                   such agreement relating either to the kind or amount of
                   shares of stock or other securities or property receivable
                   upon exercise of Warrants or with respect to the method
                   employed and provided therein for any adjustments.

         10.2      Adjustment to Exercise Price.  Except as otherwise provided
                   herein, whenever the number of Warrant Shares purchasable
                   upon the exercise of each Warrant is adjusted, as herein
                   provided, the Exercise Price payable upon exercise of each
                   Warrant in effect immediately prior to such adjustment, shall
                   be adjusted by multiplying such Exercise Price immediately
                   prior to such adjustment by a fraction, of which the
                   numerator shall be the number of Warrant Shares purchasable
                   upon the exercise of each Warrant immediately prior to such
                   adjustment, and of which the denominator shall be the number
                   of Warrant Shares so purchasable immediately thereafter.
<PAGE>
         10.3      Definitions and Recalculation of Exercise Price and Warrant
                   Shares.  For the purpose of this Agreement, the term "shares
                   of Common Stock" shall mean (i) the class of stock designated
                   as the Common Stock of the Company at the date of this
                   Agreement, or (ii) any other class of stock resulting from
                   successive changes or reclassification of such shares
                   consisting solely of changes in par value, or from par value
                   to no par value, or from no par value to par value. In the
                   event that at any time, as a result of an adjustment made
                   pursuant to the terms hereof, the Holders shall become
                   entitled to purchase any shares of the Company other than
                   shares of Common Stock, thereafter the number of such other
                   shares so purchasable upon exercise of each Warrant and the
                   Exercise Price of such shares shall be subject to adjustment
                   from time to time in a manner and on terms as nearly
                   equivalent as practicable to the provisions with respect to
                   the Warrant Shares contained in paragraphs 10.1(a) through
                   Section 10.1(c) and paragraph 10.2 above, and the provisions
                   of paragraphs 10.2 and 10.3 hereof, with respect to the
                   Warrant Shares, shall apply on like terms to any such other
                   shares.

                   For the purpose of any computation under this Agreement, or
                   otherwise set forth herein, the current market price per
                   share of Common Stock at any date shall be the average
                   closing bid price of the Common Stock (if then traded in the
                   over-the-counter market) or the average closing price of the
                   Common Stock (if then traded on any other national securities
                   exchange) for the five consecutive trading days ending the
                   day prior to the date as of which such computation is made.
                   If the Common Stock is not so listed or admitted to unlisted
                   trading privileges, or if bid or closing prices are not so
                   reported, the current market price per share shall be
                   determined in such reasonable manner as may be prescribed by
                   the Board of Directors of the Company, but in no event more
                   than the liquidation value of the Company divided by the
                   total number of shares of capital stock outstanding on a
                   fully diluted basis.

         10.4.     Notice of Adjustment.  Whenever the number of Warrant Shares
                   purchasable upon the exercise of each Warrant or the Exercise
                   Price of such Warrant Shares is adjusted, as herein provided,
                   the Company shall cause the Warrant Agent promptly to mail by
                   first class mail, postage prepaid, to each Holder notice of
                   such adjustment or adjustments, and shall deliver to the
                   Warrant Agent a certificate of a firm of independent public
                   accountants selected by the Board of Directors of the Company
                   (who may be the regular accountants employed by the Company)
                   setting forth the number of Warrant Shares purchasable upon
                   the exercise of each Warrant and the Exercise Price of such
                   Warrant Shares after such adjustment, setting forth a brief
<PAGE>
                   statement of the facts requiring such adjustment and setting
                   forth the computation by which such adjustment was made. Such
                   certificate shall be conclusive of the correctness of such
                   adjustment. The Warrant Agent shall be entitled to rely on
                   such certificate and shall be under no duty or responsibility
                   with respect to any such certificate, except to exhibit the
                   same, from time to time, to any Holder desiring an inspection
                   thereof during reasonable business hours. The Warrant Agent
                   shall not at any time be under any duty or responsibility to
                   any Holders to determine whether any facts exist which may
                   require any adjustment of the Exercise Price or the number of
                   Warrant Shares or other stock or property purchasable on
                   exercise thereof, or with respect to the nature or extent of
                   any such adjustment when made, or with respect to the method
                   employed in making such adjustment.

         10.5.     No Adjustment for Dividends.  Except as provided herein, no
                   adjustment in respect of any cash dividend shall be made
                   during the term of a Warrant or upon the exercise of a
                   Warrant.

         10.6.     Reduction of Exercise Price.  The Company shall have the
                   right to reduce the Exercise Price at any time upon thirty
                   days prior written notice to all Holders.

         10.7      Statement on Warrants.  Irrespective of any adjustments in
                   the Exercise Price or the number or kind of equity securities
                   purchasable upon the exercise of the Warrants, the Warrant
                   certificates issued pursuant to this Agreement may continue
                   to express the same price and number and kind of shares as
                   are stated in the Warrant certificates initially issuable
                   pursuant to this Agreement.

         10.8      Protective Provisions.  Notwithstanding anything contained
                   herein to the contrary, including but not limited to
                   paragraphs 10.1 through 10.3 above, so long as any of the
                   Warrants shall be outstanding, the Company shall not without
                   first obtaining the approval (by vote or written consent, as
                   provided by law) of the holders of at least two-thirds of the
                   total number of Warrants:

                   (i)     alter or change the rights, preferences or privileges
                           contained in the Warrants by way of reverse stock
                           split, reclassification, merger consolidation or
                           otherwise, so as to adversely affect in any manner
                           the rights of the Holder(s); notwithstanding the
                           effects of any reverse stock split, recapitalization,
                           or reincorporation which has the effect of reducing
                           the total number of issued and outstanding shares of
                           the Company's Common Stock, each Warrant shall
                           entitle the Holder to purchase one (1) Warrant Share
                           at an exercise Price not to exceed Five Dollars
                           ($5.00);

                   (ii)    create any new class of Warrants to purchase Common
                           Stock, or increase the authorized number of Warrants;
<PAGE>
                   (iii)   create any new class of shares having preferences
                           over or being on a parity with the Company's Common
                           Stock as presently constituted as to dividends or
                           assets, unless the purpose of creation of such class
                           is, and the proceeds to be derived from the sale and
                           issuance thereof are to be used for, the retirement
                           of all the Notes then outstanding;

                   (iv)    effect a merger, consolidation or reorganization of
                           the Company;

                   (v)     effect a sale or other transfer of all or
                           substantially all of the Company's assets;

                   (vi)    effect a sale of additional shares of the Company's
                           Common Stock so as to give a person or entity fifty
                           percent (50%) or greater voting control of the
                           Company;

                   (vii)   effect a purchase or redemption by the Company of its
                           capital stock except as provided herein;

                   (viii)  make a payment of a dividend or distribution from
                           funds legally available therefor;

                   (ix)    issue or sell any shares of Common Stock (other than
                           the Warrant Shares) without consideration or for a
                           consideration per share less than the Exercise Price
                           in effect immediately prior to the time of such issue
                           or sale, unless and except the Company forthwith upon
                           such issuance or sale, reduces the Exercise Price of
                           the Warrant Shares to a price (computed to the
                           nearest cent) determined by dividing (i) the sum of
<PAGE>
                           (x) the number of shares of Common Stock outstanding
                           immediately prior to such issue or sale multiplied by
                           the Exercise Price in effect immediately prior to
                           such issue or sale, and (y) the consideration, if
                           any, received by the Company upon such issue or sale,
                           by (ii) the total number of shares of Common Stock
                           outstanding immediately after such issue or sale.
                           For purposes of this subsection, the following
                           provisions (A) to (B) shall also be applicable:

                          (A) Options. In case the Company shall in any manner
                              grant any right to subscribe for or to purchase or
                              any option for the purchase of Common Stock
                              (collectively, "Rights") or any stock or other
                              securities convertible into or exchangeable for
                              Common Stock (such convertible or exchangeable
                              stock or securities being hereinafter referred to
                              as "Convertible Securities") other than the
                              Warrants, and the minimum price per share for
                              which Common Stock is issuable, pursuant to such
                              Rights or upon conversion or exchange of such
                              Convertible Securities (determined by dividing (i)
                              the total amount, if any, received or receivable
                              by the Company as consideration for the granting
                              of such Rights, plus the minimum aggregate amount
                              of additional consideration payable to the Company
                              upon the exercise of such Rights, plus, in the
                              case of such Convertible Securities, the minimum
                              aggregate amount of additional consideration, if
                              any, payable upon the conversion or exchange
                              thereof, by (ii) the total maximum number of
                              shares of Common Stock issuable pursuant to such
                              Rights or upon the conversion or exchange of the
                              total maximum amount of such Convertible
                              Securities issuable upon the exercise of such
                              Rights) shall be less than the Exercise Price in
                              effect immediately prior to the time of the
                              granting of such Rights, then the total maximum
                              number of shares of Common Stock issuable pursuant
                              to such Rights or upon conversion or exchange of
                              the total maximum amount of such Convertible
                              Securities issuable upon the exercise of such
                              Rights shall (as of the date of granting of such
                              Rights) be deemed to be outstanding and to have
                              been issued for said price per share as so
                              determined; provided, that no further adjustment
                              of the Exercise Price shall be made upon the
                              actual issue of Common Stock so deemed to have
                              been issued; and further provided, that, upon the
                              expiration of such Rights (including Rights to
                              convert or exchange or options to purchase), (a)
                              the number of shares of Common Stock deemed to
                              have been issued and outstanding by reason of the
                              fact that they were issuable pursuant to such
                              Rights (including Rights to convert or exchange)
                              that were not so issued, shall no longer be deemed
                              to be issued and outstanding, and (b) the Exercise
                              Price shall forthwith be adjusted to the price
                              which would have prevailed had all adjustments
                              been made on the basis of the issue only of the
                              shares of Common Stock actually issued upon the
                              exercise of such Rights or upon conversion or
                              exchange of such Convertible Securities.

                          (B) Convertible Securities. In case the Company shall
                              in any manner issue or sell any Convertible
                              Securities, and the minimum price per share for
                              which Common Stock is issuable upon conversion or
                              exchange of such Convertible Securities
                              (determined by dividing (i) the total amount
                              received or receivable by the Company as
                              consideration for the issue or sale of such
                              Convertible Securities, plus the minimum aggregate
                              amount of additional consideration, if any,
                              payable to the Company upon the conversion or
                              exchange thereof, by (ii) the total maximum number
                              of shares of Common Stock issuable upon the
                              conversion or exchange of all such Convertible
<PAGE>
                              Securities) shall be less than the Exercise Price
                              in effect immediately prior to the time of such
                              issue or sale, then the total maximum number of
                              shares of Common Stock issuable upon conversion or
                              exchange of all such Convertible Securities shall
                              (as of the date of the issue or sale of such
                              Convertible Securities) be deemed to be
                              outstanding and to have been issued for said price
                              per share as so determined; provided, that no
                              further adjustment of the Exercise Price shall be
                              made upon the actual issue of Common Stock so
                              deemed to have been issued; and further provided,
                              that if any such issue or sale of such Convertible
                              Securities is made upon exercise of any Rights
                              related to such Convertible Securities for which
                              an adjustment of the Exercise Price has been or is
                              to be made pursuant to other provisions of this
                              paragraph no further adjustment of the Exercise
                              Price shall be made by reason of such issue or
                              sale; and, further provided, that, upon the
                              termination of the right to convert or to exchange
                              such Convertible Securities for Common Stock, (a)
                              the number of shares of Common Stock deemed to
                              have been issued and outstanding by reason of the
                              fact that they were issuable upon conversion or
                              exchange of any such Convertible Securities, which
                              were not so issued, shall no longer be deemed to
                              be issued and outstanding, and (b) the Exercise
                              Price shall forthwith be adjusted to the price
                              which would have prevailed had all adjustments
                              been made on the basis of the issue only of the
                              shares of Common Stock actually issued upon
                              conversion or exchange of such Convertible
                              Securities.

                           Upon the happening of any of the above events,
                           namely, if the purchase price provided for any
                           Rights, option or warrant granted by the Company to
                           subscribe for or to purchase additional stock or
                           convertible securities,

                           or the additional consideration, if any, payable upon
                           the conversion or exchange of any Convertible
                           Securities, or the rate at which any Convertible
                           Securities are convertible into or exchangeable for
                           additional stock shall change in any manner and at
                           any time (other than under or by reason of provisions
                           designed to protect against dilution), the Exercise
                           Price in effect at the time of such event shall
                           forthwith be adjusted or re-adjusted to the Exercise
                           Price which would have been in effect at such time
                           had such Rights or Convertible Securities still
                           outstanding provided for such changed purchase price,
                           additional consideration or rate of conversion or
                           exchange, as the case may be, at the time initially
                           granted, issued or sold. On the expiration of any
                           Rights granted by the Company to subscribe for or to
                           purchase additional stock or Convertible Securities
                           or the termination of any right to convert or
                           exchange such Convertible Securities, the Exercise
                           Price then in effect hereunder shall forthwith be
                           adjusted to the Exercise Price which would have been
                           in effect at the time of such expiration or
                           termination had such Rights or Convertible
                           Securities, to the extent outstanding immediately
                           prior to such expiration or termination, never been
                           issued, and the additional stock issuable thereunder
                           shall be no longer deemed to be outstanding;

                   (x)     Determination of Issue Price. In case any shares
                           of Common Stock or convertible Securities or any
                           Rights to purchase any such stock or securities shall
                           be issued for cash the consideration received
                           therefor, before deducting therefrom any commission
                           or other expenses paid or incurred by the Company for
                           any underwriting of, or otherwise in connection with,
                           the issuance thereof, shall be deemed to be the
                           amount received by the Company therefor. In case any
                           shares of Common Stock or Convertible Securities or
                           any Rights to purchase any such stock or securities
                           shall be issued for a consideration part or all of
                           which

<PAGE>
                           shall be other than cash, then, for the purpose of
                           this paragraph, the Board of Directors of the Company
                           shall determine the fair value of such consideration,
                           irrespective of accounting treatment, and such Common
                           Stock, Convertible Securities or Rights shall be
                           deemed to have been issued for an amount of cash
                           equal to the value so determined by the Board of
                           Directors. The re-classification of securities other
                           than Common Stock into securities including Common
                           Stock shall be deemed to involve the issuance for a
                           consideration other than cash of such Common Stock
                           immediately prior to the close of business on the
                           date fixed for the determination of security holders
                           entitled to receive such Common Stock. In case any
                           shares of Common Stock or Convertible Securities or
                           any Rights to purchase any such stock or other
                           securities shall be issued together with other stock
                           or securities or other assets of the Company for a
                           consideration which includes both, the Board of
                           Directors of the Company shall determine what part of
                           the consideration so received is to be deemed to be
                           consideration for the issue of such shares of such
                           Common Stock, Convertible Securities or Rights.

                   (xi)    Determination of Date of Issue. In case the
                           Company shall take a record of the holders of any
                           Common Stock for the purpose of entitling them (i) to
                           receive a dividend or other distribution payable in
                           Common Stock or in Convertible Securities, or (ii)
                           Rights to subscribe for or purchase Common Stock or
                           Convertible Securities, then such record date shall
                           be deemed to be the date of the issue or sale of the
                           shares of Common Stock deemed to have been issued or
                           sold upon the declaration of such dividend or the
                           make of such other distribution or the date of the
                           granting of such right of subscription or purchase,
                           as the case may be.

                   (xii)   Treasury Shares. For the purpose of this
                           subsection shares of Common Stock at any relevant
                           time owned or held by, or for the account of, the
                           Company shall not be deemed outstanding.

11.      Expiration of Warrants

         All outstanding Warrants shall become void, and all Rights of the
         Holders thereof under this Agreement shall cease at the close of
         business on September 30, 2003.

12.      Fractional Shares

         The Company shall not be required to issue fractional Warrant Shares on
         the exercise of Warrants. The number of full Warrant Shares which shall
         be issuable upon the exercise of Warrants shall be computed on the
         basis of the aggregate number of Warrant Shares purchasable on exercise
         of the Warrant so presented. And, if the amount tendered by a holder of
         a Warrant is less than the full Exercise Price times the Warrants being
         exercised, the Company may return all of that portion of the Exercise
         Price which is deficient.

13.      No Rights as Stockholders; Notices to Holders

         Nothing contained in this Agreement or in any of the Warrants shall be
         construed as conferring upon the Holders of the Warrants, or their
         transferees, the right to vote or to receive dividends or to consent to
         or receive notice as stockholders in respect of any meeting of
         stockholders for the election of directors of the Company or any other
         matter, or any Rights whatsoever as stockholders of the Company. If,
         however, at any time prior to the expiration of the Warrants and prior
         to their exercise, any of the following events shall occur:

         (i)      the Company shall declare any dividend payable in any
                  securities upon its shares of Common Stock, or make any
                  distribution (other than a cash dividend) to the holders of
                  its shares of Common Stock; or

<PAGE>

         (ii)     the Company shall offer to the holders of its shares of
                  Common Stock any additional shares of Common Stock or
                  securities exercisable into shares of Common Stock or any
                  right to subscribe thereto; or

         (iii)    a dissolution, liquidation or winding up of the Company
                  (other than in connection with a consolidation, merger, or
                  sale of all or substantially all of its property, assets, and
                  business as an entirety) shall be proposed;

         then, in any one or more of said events, the Company shall (i) give
         notice in writing, as provided for herein, of such event to the Warrant
         Agent and the Holders as provided for herein; and (ii) cause notice of
         such event to be published once in one or more newspapers printed in
         the English language and in United States national circulation, such
         giving of notice and publication to be completed at least fifteen days
         prior to the date fixed as a record date or the date of closing the
         transfer books for the determination of the stockholders entitled to
         such dividend, distribution, or subscription Rights, or for the
         determination of stockholders entitled to vote on such proposed
         dissolution, liquidation or winding up. Such notice shall specify such
         record date or the date of closing the transfer books, as the case may
         be. Failure to publish or mail such notice or any defect therein or in
         the publication or mailing thereof shall not affect the validity of any
         action taken in connection with such dividend, distribution or
         subscription Rights, or proposed dissolution, liquidation or winding
         up.

14.      Disposition of Proceeds on Exercise of Warrants; Inspection of
         Warrant Agreement

         The Warrant Agent agrees to account promptly to the Company following
         the close of each calendar quarter with respect to Warrants exercised,
         and concurrently tender to the Company promptly any and all checks or
         drafts, and to wire transfer all monies received by the Warrant Agent
         for the purchase of the Warrant Shares through the exercise of such
         Warrants.

         The Company and the Warrant Agent shall each keep copies of this
         Agreement and any notices given or received hereunder available for
         inspection by the Holders during normal business hours at their
         principal offices. The Company shall supply the Warrant Agent from time
         to time with such numbers of copies of this Agreement as the Warrant
         Agent may request.

15.      Merger or Consolidation or Change of Warrant Agent

         Any corporation into which the Warrant Agent may be merged or with
         which it may be consolidated, or any corporation resulting from any
         merger or consolidation or sale of assets to which the Warrant Agent
         shall be a party, shall be the successor to the Warrant Agent hereunder
         without the execution or filing of any paper or any further act on the
         part of any of the parties hereto, provided that such corporation would
         be eligible for appointment as a successor Warrant Agent as provided
         herein. In case at the time such successor to the Warrant Agent shall
         succeed to the agency created by this Agreement, any of the Warrants
         shall have been countersigned but not delivered, any such successor to
         the Warrant Agent may adopt the countersignature of the original
         Warrant Agent and deliver such Warrants so countersigned; and in case
         at that time any of the Warrants shall not have been countersigned, any
         successor to the Warrant Agent may countersign such Warrants either in
         the name of the predecessor Warrant Agent or in the name of the
         successor Warrant Agent; and in all such cases Warrants shall have the
         full force provided in the Warrants and in this Agreement.

         In case at any time the name of the Warrant Agent shall be changed and
         at such time any of the Warrants shall have been countersigned but not
         delivered, the Warrant Agent may adopt the countersignatures under its
         prior name and deliver such Warrants so countersigned; and in case at
         that time any of the Warrants shall not have been countersigned, the
         Warrant Agent
<PAGE>
         may countersign such Warrants either in its prior name or in its
         changed name; and in all such cases such Warrants shall have the full
         force provided in the Warrants and in this Agreement.

16.      Concerning the Warrant Agent

         By its execution of this Agreement the Warrant Agent agrees to
         undertake the duties and obligations set forth herein upon the
         following terms and conditions, by all of which the Company, NuOasis
         and the Holders, by their acceptance of Warrants, shall be bound:

         16.1.    Correctness of Statements. The statements contained
                  herein and in the Warrants shall be taken as statements of the
                  Company and the Warrant Agent assumes no responsibility for
                  the correctness of any of the same except such as describe the
                  Warrant Agent or action taken by it. The Warrant Agent assumes
                  no responsibility with respect to the distribution of the
                  Warrants except as herein otherwise provided.

         16.2.    Breach of Covenants. The Warrant Agent shall not be
                  responsible for any failure of the Company to comply with the
                  covenants contained in this Agreement or in the Warrants to be
                  complied with by the Company.

         16.3.    Performance of Duties. The Warrant Agent may execute any
                  of the Rights or powers hereby vested in it or perform any
                  duty hereunder either itself or by or through its attorneys or
                  agents (which shall not include its employees).

         16.4.    Reliance on Counsel. The Warrant Agent may consult at
                  any time with legal counsel satisfactory to it (who may be
                  counsel for the Company), and the Warrant Agent shall incur no
                  liability or responsibility to the Company, NuOasis, or to any
                  Holder in respect of any action taken, suffered or omitted by
                  it hereunder in good faith and in accordance with the opinion
                  or the advice of such counsel.

         16.5.    Proof of Actions Taken. Whenever in the performance of
                  its duties under this Agreement the Warrant Agent shall deem
                  it necessary or desirable that any fact or matter be proved or
                  established by the Company prior to taking or suffering any
                  action hereunder, such fact or matter (unless other evidence
                  in respect thereof be herein specifically prescribed) may be
                  deemed conclusively to be proved and established by a
                  certificate signed by the Chairman of the Board, President and
                  Secretary or Assistant Secretary of the Company and delivered
                  to the Warrant Agent; and such certificate shall be full
                  authorization to the Warrant Agent for any action taken or
                  suffered in good faith by it under the provisions of this
                  Agreement in reliance upon such certificate.

         16.6.    Compensation. The Company agrees to pay the Warrant
                  Agent compensation for all services rendered by the Warrant
                  Agent in the performance of its duties under this Agreement;
                  to reimburse the Warrant Agent for all expenses, taxes and
                  governmental charges and other charges incurred by the Warrant
                  Agent in the performance of its duties under this Agreement in
                  accordance with a schedule of fees to be mutually agreed
                  between the Company and the Warrant Agent concurrently with
                  the execution hereof. The Company further agrees to indemnify
                  the Warrant Agent and hold it harmless against any and all
                  liabilities, including judgments, costs and actual counsel
                  fees, for anything done or omitted in good faith by the
                  Warrant Agent in the performance of its duties under this
                  Agreement except liabilities, including judgments, costs and
                  fees arising as a result of the Warrant Agent's negligence or
                  bad faith, to be agreed in writing between the parties
                  concurrently with the execution of this Agreement.
<PAGE>

         16.7.    Legal Proceedings. The Warrant Agent shall be under no
                  obligation to institute any action, suit or legal proceeding
                  or to take any other action likely to involve expense unless
                  the Company, NuOasis or one or more Holders shall furnish the
                  Warrant Agent with reasonable security and indemnity for any
                  costs and expenses which it may incur, but this provision
                  shall not affect the power of the Warrant Agent to take such
                  action as the Warrant Agent may consider proper, whether with
                  or without any such security or indemnity. All Rights of
                  action under this Agreement or under any of the Warrants may
                  be enforced by the Warrant Agent without the possession of any
                  of the Warrants or the production thereof at any trial or
                  other proceeding relative thereto, and any such action, suit
                  or proceeding instituted by the Warrant Agent shall be brought
                  in its name as Warrant Agent, and any recovery of judgment
                  shall be for the ratable benefit of the Holders, as their
                  respective Rights or interests may appear.

         16.8.    Other Transactions in Securities of Company. The Warrant
                  Agent and any stockholder, director, officer or employee of
                  the Warrant Agent may buy, sell or deal in any of the
                  Warrants, the Common Stock or other securities of the Company,
                  or hold a beneficial interest in any transaction in which the
                  Company may be interested, or otherwise act as fully and
                  freely as though it were not the Warrant Agent under this
                  Agreement. Nothing herein shall preclude the Warrant Agent
                  from acting in any other capacity for the Company or for any
                  other legal entity.

         16.9.    Liability of Warrant Agent. The Warrant Agent shall act
                  hereunder solely as agent, and its duties shall be determined
                  solely by the provisions thereof. The Warrant Agent shall not
                  be liable for anything which it may do or refrain from doing
                  in connection with this Agreement except for its own
                  negligence or bad faith.

         16.10.   Reliance on Documents. The Warrant Agent will not incur
                  any liability or responsibility to the Company, NuOasis or to
                  any Holder for any action taken in reliance on any notice,
                  resolution, waiver, consent, order, certificate, or other
                  paper, document or instrument reasonably believed by it to be
                  genuine and to have been signed, sent or presented by the
                  proper party or parties.

         16.11.   Validity of Agreement, etc. The Warrant Agent shall not
                  be under any responsibility in respect of the validity of this
                  Agreement or the execution and delivery hereof (except the due
                  execution hereof by the Warrant Agent) or in respect of the
                  validity or execution of any Warrant (except its
                  countersignature thereof) or in respect of the necessity or
                  the extent of any adjustment to the Exercise Price or the
                  number of Warrant Shares purchasable under a Warrant; nor
                  shall the Warrant Agent by any act hereunder be deemed to make
                  any representation or warranty as to the authorization,
                  reservation, value or registration under securities laws of
                  any Warrant Shares (or other stock) to be issued pursuant to
                  this Agreement or any Warrant, or as to whether any Warrant
                  Shares(or other stock) will, when issued, be validly issued,
                  fully paid and non-assessable, or as to the Exercise Price or
                  the number or amount of Warrant Shares or other securities or
                  other property issuable upon exercise of any Warrant or the
                  method employed in making any adjustment to the foregoing.

         16.12.   Instructions from Company. The Warrant Agent is hereby
                  authorized and directed to rely upon the resolutions adopted
                  by the Company concurrently with the execution hereof, and, in
                  the absence of written instructions signed by a majority of
                  the Company's Board of Directors from time to time, accept
                  instructions with respect to the performance of its duties
                  hereunder from the Chairman of the Board or the President when
                  countersigned by either the Secretary or Assistant Secretary
                  of the Company, and to apply to such officers, as the case may
                  be, for advice or instructions in connection with any conflict
                  as to its duties. The Warrant Agent shall not be liable for
                  any action taken or suffered to be taken by it in good faith
                  in
<PAGE>

                  accordance with instruction of any such officer or officers or
                  the attached resolutions, as the case may be.

17.      Change of Warrant Agent

         The Warrant Agent may resign and be discharged from all further duties
         and liabilities under this Agreement (except liabilities arising as a
         result of the Warrant Agent's own negligence or bad faith) by giving to
         the Company thirty days prior notice in writing. The Warrant Agent may
         be removed by like notice to the Warrant Agent from the Company. If the
         Warrant Agent shall resign or be removed or shall otherwise become
         incapable of acting, the Company shall appoint a successor to the
         Warrant Agent. If the Company shall fail to make such appointment
         within a period of thirty days after such removal or after it has been
         notified in writing of such resignation or incapacity by the resigning
         or incapacitated Warrant Agent or by any Holder (who shall with such
         notice submit his Warrant for inspection by the Company), then any
         Holder may apply to any court of competent jurisdiction for the
         appointment of a successor to the Warrant Agent. Any successor warrant
         agent, whether appointed by the Company or such a court, shall be a
         bank or trust company, in good standing, incorporated under the laws of
         the United States of America or any state thereof and having at the
         time of its appointment as warrant agent a combined capital and surplus
         of at least $50,000,000, or a stock transfer company. After acceptance
         in writing of such appointment is received by the Company, the
         successor warrant agent shall be vested with the same powers, Rights,
         duties and responsibilities as if it had been originally named as
         Warrant Agent without further act or deed; but the former Warrant Agent
         shall deliver and transfer to the successor warrant agent any property
         at the time held by it hereunder, and legally and validly execute and
         deliver any further assurance, conveyance, act or deed necessary for
         that purpose. Failure to file any notice provided for in this
         Agreement, however, or any defect therein, shall not affect the
         legality or validity of the resignation or removal of the Warrant Agent
         or the appointment of the successor warrant agent, as the case may be.
         In the event of such resignation or removal, the successor warrant
         agent shall mail by first class mail, postage prepaid, to each Holder,
         written notice of such resignation or removal and the name and address
         of such successor warrant agent.

18.      Identity of Transfer Agent

         Forthwith upon the appointment of any transfer agent other than the
         Company's Transfer Agent on the date hereof, subsequent to the date
         hereof, the Company will promptly notify the Warrant Agent in writing
         setting forth the name and address of such subsequent transfer agent.

19.      Notices

         Any notice pursuant to this Agreement, to the Warrant Agent, to the
         Company or NuOasis by the parties hereto or by any Holder, shall be in
         writing and shall be mailed first class, postage prepaid, or delivered
         concurrently (a) to the Company at its offices at 915 North Wells,
         Wendover, Nevada 89803, to the attention of the President, with copies
         to Law Offices of Richard O. Weed, Archer & Weed, 4695 MacArthur Court,
         Suite 530, Newport Beach, California 92660; (b) to NuOasis, 43
         Elizabeth Avenue, Box N-8680, Nassau, Bahamas, with copy to NuOasis
         Resorts Inc., 4001 So. Decatur Blvd, Las Vegas, Nevada 89103; and, (c)
         to the Warrant Agent as its address appears below. Each party hereto
         may from time to time change the address to which notices to it are to
         be delivered or mailed hereunder by notice in writing to the other
         party.

         Any notice mailed pursuant to this Agreement shall be in writing and
         shall be mailed first class, postage prepaid, or delivered to the
         Company, the Warrant Agent, NuOasis or such Holders, as the case may
         be, at their respective addresses in accordance to the records of the
         Warrant Agent.

<PAGE>

20.      Supplements and Amendments

         The Company and the Warrant Agent may from time to time supplement or
         amend this Agreement, in order to cure any ambiguity or to correct or
         supplement any provision contained herein which may be defective or
         inconsistent with any other provision herein, or to make any other
         provisions in regard to matters or questions arising hereunder which
         the Company and the Warrant Agent may deem necessary or desirable, and
         which shall not be inconsistent with the provisions of the Warrants and
         which shall not adversely affect the interests of NuOasis or the
         Holders; provided, however, that this Agreement shall not otherwise be
         supplemented or amended in any respect except with the consent in
         writing of NuOasis or the Holders of Warrants at the time of such
         proposed amendment, representing not less than 50% of the Warrants then
         outstanding; and provided further that no change in the number or
         nature of the securities purchasable upon the exercise of any Warrant,
         or the Exercise Price therefor shall be made without the consent in
         writing of NuOasis or the Holder of the certificate representing such
         Warrant, other than changes as are specifically prescribed by this
         Agreement as originally executed.

21.      Successors

         All the covenants and provisions of this Agreement by or for the
         benefit of the Company, NuOasis, or the Warrant Agent shall bind and
         inure to the benefit of their respective successors and assigns.

22.      Applicable Law

         This Agreement and each Warrant issued hereunder shall be governed by
         and construed in accordance with the laws of the State of Nevada,
         without giving effect to any principles of conflicts of law.

23.      Benefits of this Agreement

         Nothing in this Agreement shall be construed to give any person or
         corporation other than the Warrant Agent, the Company, Resorts, NuOasis
         and the Holders of the Warrants from time to time, any legal or
         equitable right, remedy or claim under this Agreement; this Agreement
         shall be for the sole and exclusive benefit of the Company, the Warrant
         Agent and the Holders of the Warrants.

24.      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 all such counterparts shall together constitute but one
         and the same instrument.

25.      Captions

         The captions of the paragraphs and subsections of this Agreement have
         been inserted for convenience only and shall have no substantive
         effect.
<PAGE>

26.      Termination

         This Agreement shall terminate at the close of business at 5:00 p.m.,
         Pacific Daylight Savings Time, September 30, 2003, or such earlier date
         upon which all Warrants have been exercised (the "Expiration Date")
         except as to Warrants exercised and postmarked prior to the Expiration
         Date but received by the Warrant Agent with the appropriate Exercise
         Price after the termination hereof.

                                 The "Company"
                                 Flexweight Corporation,
                                 a Kansas corporation

                                 By:     /s/ Fred G. Luke
                                 Name:       Fred G. Luke
                                 Title:      President

                                 "NuOasis"
                                 NuOasis International Inc.
                                 a corporation organized under the Commonwealth
                                 of the Bahamas

                                 By:     /s/ Theodora Savas
                                 Name:       Theodora Savas
                                 Title:      Assistant Secretary

                                 The "Warrant Agent"

                                 By:        Rick Weed
                                 Name:
                                 Title:

                                 Address:   4695 MacArthur Court, Suite 530
                                            Newport Beach, CA 92660EXHIBIT 10.8

                            ASSET PURCHASE AGREEMENT

ASSET PURCHASE AGREEMENT, ("Agreement") dated this 30th day of September 1998,
among Flexweight Corporation, a Kansas corporation ("Flexweight") and NuOasis
International Inc., a corporation organized under the laws of The Commonwealth
of the Bahamas ("NuOasis").

WHEREAS, Flexweight desires to acquire the assets of NuOasis consisting of not
less than 75% of the capital stock of Cleopatra Palace Resorts and Casinos
Limited, a U.K. corporation ("CPR") and not less than 80% of the total issued
and outstanding capital stock of NuOasis Resorts & Casinos N.V., a Netherlands
Antilles corporation in organization ("NAC") for a purchase price of Two Hundred
Twenty Million Dollars $220,000,000 (the "Purchase Price);

WHEREAS, NuOasis desires to sell the NuOasis Assets (as defined below) to
Flexweight for the Purchase Price; and

WHEREAS, Flexweight is a SEC reporting company whose shares of common stock are
traded on the NASDAQ OTC Bulletin Board.

NOW, THEREFORE, in consideration of the mutual covenants and agreements set
forth in this Agreement, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:
ARTICLE I

DEFINITIONS

Definitions. (a) As used in this Agreement, the following defined terms shall
have the meanings indicated below:

"Actions or Proceedings" means any action, suit, proceeding, arbitration or
Governmental or Regulatory Authority investigation or audit.

"Affiliate" means, as applied to any Person, (i) any other Person directly or
indirectly controlling, controlled by or under common control with, that Person,
(ii) any other Person that owns or controls five percent (5%) or more of any
class of equity securities (including any equity securities issuable upon the
exercise of any Option) of that Person or any of its Affiliates, or (iii) any
member, director, partner, officer, agent, employee or relative of such Person.
For the purposes of this definition, "control" (including with correlative
meanings, the terms "controlling", "controlled by", and "under common control
with") as applied to any Person, means the possession, directly or indirectly,
of the power to direct or cause the direction of the management and policies of
that Person, whether through ownership of voting securities or by contract or
otherwise.

"Agreement" means this Asset Purchase Agreement, the Exhibits and the Disclosure
Schedule and the certificates delivered in connection herewith, as the same may
be amended, modified or restated from time to time in accordance with the terms
hereof.
<PAGE>

"Assets and Properties" of any Person means all assets and properties of every
kind, nature, character and description (whether real, personal or mixed,
whether tangible or intangible, whether absolute, accrued, contingent, fixed or
otherwise and wherever situated), including the goodwill related thereto,
operated, owned or leased by such Person, including, without limitation, cash,
cash equivalents, accounts and notes receivable, chattel paper, documents,
instruments, general intangibles, real estate, equipment, inventory, goods and
Intellectual Property.

"Audited Financial Statements" has the meaning ascribed to it in Section 3.8.

"Books and Records" means all files, documents, instruments, papers, books and
records relating to the Business, NuOasis or the Subsidiaries, including without
limitation financial statements, Tax Returns and related work papers and letters
from accountants, budgets, pricing guidelines, ledgers, journals, deeds, title
policies, minute books, stock certificates and books, stock transfer ledgers,
Contracts, Permits, customer lists, computer files and programs, retrieval
programs, operating data and plans and environmental studies and plans.

"Business Combination" means with respect to any Person any (i) merger,
consolidation or combination to which such Person is a party, (ii) any sale,
issuance dividend, split or other disposition of any capital stock or other
equity interests (or any security or loan convertible into or exchangeable for
such capital stock or other equity interests) of such Person, (iii) any tender
offer (including without limitation a self-tender), exchange offer,
recapitalization, liquidation, dissolution or similar transaction, (iv) any
sale, dividend or other disposition of all or a material portion of the Assets
and Properties of such Person or (v) the entering into of any agreement or
understanding, or the granting of any rights or options, with respect to any of
the foregoing.

"Business Day" means a day other than Saturday, Sunday or any day on which banks
located in the State of Nevada are authorized or obligated to close.

"Business and/or Condition of NuOasis" means the Business, condition (financial
or otherwise), results of operations, Assets and Properties of NuOasis and the
Subsidiaries taken as a whole.

"Closing Date" means September 30, 1998, or such earlier date as the parties
hereto may mutually agree.

"Code" means the Internal Revenue Code of 1986, as amended, and the rules and
regulations promulgated thereunder.

"Contract" means any agreement, lease, license, evidence of Indebtedness,
mortgage, indenture, security agreement or other contract or other commitment
(whether written or oral).

"NuOasis Assets" means, collectively, the 75% equity ownership of CPR,consisting
of not less than 18,750,000 shares of CPR capital stock (the "CPR shares") and
80.0% equity ownership of NRC, consisting of not less than 4,000,000 shares of
NRC capital stock (the "NRC Shares")

"Disclosure Schedule" means the schedules delivered to Flexweight by or on
behalf of NuOasis, containing all lists, descriptions, exceptions and other
information and materials as are required to be included therein by NuOasis
pursuant to Article 3 of this Agreement.

"Exchange Act" means the Securities Exchange Act of 1934, as amended, and the
rules and regulations of the SEC thereunder.

"GAAP" means United States generally accepted accounting principles,
consistently applied throughout the specified period and in all prior comparable
periods.

<PAGE>

"Governmental or Regulatory Authority" means any court, tribunal, authority,
agency, commission, official or other instrumentality of the United States, any
foreign country or any domestic or foreign state, county, city or other
political subdivision, any arbitrator, tribunal or panel of arbitrators and,
shall include, without limitation, any stock exchange, quotation service and the
National Association of Securities Dealers.

"Indebtedness" means, as to any Person: (i) all obligations, whether or not
contingent, of such Person for borrowed money (including, without limitation,
reimbursement and all other obligations with respect to surety bonds, letters of
credit and bankers' acceptances, whether or not matured), (ii) all obligations
of such Person evidenced by notes, bonds, debentures or similar instruments,
(iii) all obligations of such Person representing the balance of deferred
purchase price of property or services, except trade accounts payable and
accrued commercial or trade liabilities arising in the ordinary course of
business, (iv) all interest rate and currency swaps, caps, collars and similar
agreements or hedging devices under which payments are obligated to be made by
such Person, whether periodically or upon the happening of a contingency, (v)
all indebtedness created or arising under any conditional sale or other title
retention agreement with respect to property acquired by such Person (even
though the rights and remedies of the seller or lender under such agreement in
the event of default are limited to repossession or sale of such property), (vi)
all obligations of such Person under leases which have been or should be, in
accordance with GAAP, recorded as capital leases, (vii) all indebtedness secured
by any Lien (other than Liens in favor of lessors under leases other than leases
included in clause (vii)) on any property or asset owned or held by that Person
regardless of whether the indebtedness secured thereby shall have been assumed
by that Person or is non-recourse to the credit of that Person, and (viii) all
Indebtedness of any other Person referred to in clauses (i) through (vii) above,
guaranteed, directly or indirectly, by that Person.

"Intellectual Property" means all patents and patent rights, trademarks and
trademark rights, trade names and trade name rights, service marks and service
mark rights, service names and service name rights, brand names, inventions,
processes, formulae, copyrights and copyright rights, trade dress, business and
product names, logos, slogans, trade secrets, industrial models, processes,
designs, methodologies, computer programs (including all source codes) and
related documentation, technical information, manufacturing, engineering and
technical drawings, know-how and all pending applications for and registrations
of patents, trademarks, service marks and copyrights.

"IRS" means the United States Internal Revenue Service.

"Laws" means all laws, statutes, rules, regulations, ordinances and other
pronouncements having the effect of law of the United States, any foreign
country or any domestic or foreign state, county, city or other political
subdivision or of any Governmental or Regulatory Authority.

"Liabilities" means all Indebtedness, obligations and other liabilities of a
Person (whether absolute, accrued, contingent, known or unknown, fixed or
otherwise, or whether due or to become due).

"Liens" means any mortgage, pledge, assessment, security interest, lease, lien,
adverse claim, levy, charge or other encumbrance of any kind, or any conditional
sale Contract, title retention Contract or Contract committing to grant any of
the foregoing.

"Loss" means any and all damages, fines, fees, penalties, deficiencies, losses
and expenses, including, without limitation, interest, reasonable expenses of
investigation, court costs, reasonable fees and expenses of attorneys,
accountants and other experts or other expenses of litigation or other
proceedings or of any claim, default or assessment (such fees and expenses to
include without limitation, all fees and expenses, including, without
limitation, fees and expenses of attorneys, incurred in connection with (i) the
investigation or defense of any third party claims or (ii) asserting or
disputing any rights under this Agreement against any party hereto or
otherwise).
<PAGE>

"Option" with respect to any Person means any security, right, subscription,
warrant, option, "phantom" stock right or other Contract that gives the right to
(i) purchase or otherwise receive or be issued any shares of capital stock or
other equity interests of such Person or any security of any kind convertible
into or exchangeable or exercisable for any shares of capital stock or other
equity interest of such Person or (ii) receive any benefits or rights similar to
any rights enjoyed by or accruing to the holder of shares of capital stock or
other equity interest of such Person, including, without limitation, any rights
to participate in the equity, income or election of directors, management
committee members or officers of such Person.

"Order" means any writ, judgment, decree, injunction or similar order of any
Governmental or Regulatory Authority (in each such case whether preliminary or
final).

"Permits" means all licenses, permits, certificates of authority,
authorizations, approvals, registrations, franchises and similar consents
granted or issued by any Governmental or Regulatory Authority.

"Permitted Lien" means (i) any Lien for Taxes, governmental, charges or levies
not yet due or delinquent or being contested in good faith by appropriate
proceedings for which adequate reserves have been established in accordance with
GAAP, (ii) the Liens set forth in any Disclosure Schedule, (iii) any minor
imperfection of title, easements, rights of way or similar Lien as normally
exist with respect to property similar in character to the property affected
thereby and which individually or in the aggregate with other such Liens does
not impair the value or marketability of the property subject to such Lien or
interfere with the use of such property in the conduct of the business of the
Company or any Subsidiary and which do not secure obligations for money borrowed
and (iv) Liens imposed by any law, such as mechanic's, materialman's,
landlord's, warehouseman's and carrier's Liens, securing obligations incurred in
the ordinary course of business which are not yet overdue or which are being
diligently contested in good faith by appropriate proceedings and, with respect
to such obligations which are being contested, for which the Company has set
aside adequate reserves.

"Person" means any individual, corporation, joint stock corporation, limited
liability company or partnership, general partnership, limited partnership,
proprietorship, joint venture, other business organization, trust, union,
association or Governmental or Regulatory Authority.

"Projections" means the projections for the NuOasis assets, results of
operations, assets, liabilities, cash flow and other information supplied by
NuOasis.

"Purchase Price" has the meaning ascribed to it in Section 2.1.

"Flexweight" has the meaning ascribed to it in the forepart of this Agreement.

"Securities Act" means the Securities Act of 1933, as amended, and the rules and
regulations thereunder.

"Subsidiary" means any Person in which NuOasis, directly or indirectly,
beneficially owns more than fifteen percent (15%) of either the equity interests
in, or the voting control of, such Person.

"Tax" or "Taxes" means all federal, state, local or foreign net or gross income,
gross receipts, net proceeds, sales, use, ad valorem, value added, franchise,
bank shares, withholding, payroll, employment, excise, property, alternative or
add-on minimum, environmental or other taxes, assessments, duties, fees, levies
or other governmental charges of any nature whatever, whether disputed or not,
together with any interest, penalties, additions to tax or additional amounts
with respect thereto.
<PAGE>

"Tax Returns" means any returns, reports or statements (including any
information returns) required to be filed for purposes of a particular Tax.

"Taxing Authority" means any governmental agency, board, bureau, body,
department or authority of any United States Federal, state or local
jurisdiction or any foreign jurisdiction, having or purporting to exercise
jurisdiction with respect to any Tax.

"Transfer Taxes" means sales, use, transfer, real property transfer, recording,
gains, stock transfer and other similar taxes and fees.

"Unaudited Financial Statements" has the meaning ascribed to it in Section 3.8.

(b)   Unless the context of this Agreement otherwise requires, (i) words of any
gender include each other gender, (ii) words using the singular or plural number
also include the plural or singular number, respectively, (iii) the terms
"hereof," "herein," "hereby" and derivative or similar words refer to this
entire Agreement, (iv) the terms "Article" or "Section" refer to the specified
Article or Section of this Agreement, and (v) the phrases "ordinary course of
business" and "ordinary course of business consistent with past practice" refer
to the business and practice of NuOasis or a Subsidiary. All accounting terms
used herein and not expressly defined herein shall have the meanings given to
them under GAAP.

(c)   When used herein, the phrase "to the knowledge of " any Person, "to the
best knowledge of " any Person or any similar phrase, means (i) with respect to
any Person who is an individual, the actual knowledge of such Person, and (ii)
with respect to any other Person, the actual knowledge of the directors,
officers, members, general partners and other similar Person in a similar
position or having similar powers and duties; and, in the case of each of (i)
and (ii), the knowledge of facts that such individuals should have after
reasonable inquiry.

ARTICLE II

SALE OF PURCHASED INTERESTS; CLOSING

2.1      Purchase and Sale.  On the terms and subject to the conditions of this
         Agreement,

(a)      At the Closing, Flexweight shall purchase from NuOasis, free and clear
         of all Liens, all of the NuOasis Assets.

(b)      The Purchase Price shall be payable at the Closing as set forth below.

(c)      The Purchase Price shall consist of (a) Seven Million (7,000,000)
         shares of Flexweight's Common Stock (the "Flexweight Shares"), (b)
         Promissory Notes in the aggregate principal amount of One Hundred
         Eighty Million Dollars ($180,000,000), and (c) Six Million (6,000,000)
         Warrants to Purchase Common Stock ("Warrants") pursuant to which
         NuOasis, or the holder of the Warrants, may purchase six (6) shares of
         Flexweight Common Stock for each Warrant at a price of six dollars
         ($6.00) per share.

2.2      Closings.  The Closing will take place at the offices of Archer & Weed,
         4695 MacArthur Court, Suite 530, Newport Beach, California 92660 on the
         Closing Date in accordance with the terms of this Agreement, or at such
         other place or time as Flexweight and NuOasis mutually agree. At the
         Closing, Flexweight shall pay to NuOasis the Purchase Price pursuant to
         Section 2.1. Simultaneously, NuOasis shall deliver to Flexweight one or
         more certificates representing the NuOasis Assets together with all
         necessary instruments of transfer, in form and substance reasonably
         satisfactory to Flexweight. At the Closing, there shall also be
         delivered to Flexweight and NuOasis the opinions, certificates and
         other Contracts, documents and instruments required to be delivered
         under the terms of this Agreement.

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF NUOASIS

NuOasis represents and warrants to Flexweight that the statements contained in
this Article III are true and correct as of the date of this Agreement, and will
be true and correct as of the Closing Date (as though made then and as though
such Closing Date was substituted for the date of this Agreement throughout this
Article III). NuOasis has delivered a Disclosure Schedule (including exhibits
thereto) to Flexweight setting forth certain information, the disclosure of
which is required or appropriate in relation to any or all of the following
representations and warranties.

3.1      Organization of NuOasis. (a) NuOasis is a corporation duly
         incorporated, validly existing and in good standing under the laws of
         Kansas. The property and business activity of NuOasis is the ownership
         (beneficial and of record), on the Closing Date, of the NuOasis Assets,
         that is

(a)      NuOasis is duly qualified, licensed or admitted to do business and is
         in good standing in those jurisdictions in which the ownership, use or
         leasing of its Assets and Properties, or the conduct or nature of its
         business, makes such qualification, licensing or admission necessary.
         NuOasis agrees, prior to the Closing Date, to deliver to Flexweight
         true and complete English language copies of its (i) certificate of
         incorporation with all amendments thereto (the "Charter") and (ii)
         by-laws, in each case as in effect on the date hereof and the name of
         each director and officer and the position held by each of them with
         NuOasis.

3.2      Power and Authority.  NuOasis has the requisite power and authority to
         execute and deliver this Agreement and to perform its obligations
         hereunder and to consummate the transactions contemplated hereby. The
         execution and delivery by NuOasis of this Agreement, the performance by
         NuOasis of the obligations hereunder and the consummation of the
         transactions contemplated hereby have been duly and validly authorized
         by all necessary corporate action. This Agreement has been duly and
         validly executed and delivered by NuOasis and constitutes a legal,
         valid and binding obligation of NuOasis enforceable against NuOasis in
         accordance with its terms.

3.3      Capitalization.  As of the date hereof, and immediately prior to the
         consummation of the transactions contemplated hereby and before giving
         effect to such transactions, the authorized capital stock of NuOasis
         consists of Seventy Five Million (75,000,000) shares of Common Stock,
         of which not more than Seven Five Million (75,000,000) shares are
         issued and outstanding and Twenty Five Million (25,000,000) shares of
         Preferred Stock of which Twenty Four Million (24,000,000) shares are
         issued and outstanding as Series A Convertible Preferred Stock (the
         "Series A Shares").

               As of the date hereof, there are no preemptive or similar rights
         to purchase or otherwise acquire shares of the capital stock of NuOasis
         pursuant to any provision of law, the Charter or By- laws (in each
         case, as amended and in effect on the date hereof), or any agreement to
         which NuOasis is a party. All of the outstanding shares of capital
         stock of NuOasis have been duly authorized and validly issued, are
         fully paid and non-assessable.

3.4      Subsidiaries. Section 3.4 of the Disclosure Schedule lists the name of
         each Subsidiary and the ownership interest of NuOasis therein. Each
         Subsidiary is a corporation duly organized, validly existing and in
         good standing under the Laws of its jurisdiction of incorporation or
         organization and has full power and authority to conduct its business
         as presently conducted and to own, use and lease its Assets and
         Properties. Each Subsidiary is duly qualified, licensed or admitted to
         do business and is in good standing in those jurisdictions in which the
         ownership, use or leasing of such Subsidiary's Assets and Properties,
         or the conduct or nature of its business, makes such qualification,
         licensing or
<PAGE>

admission necessary. All of the outstanding shares of capital stock of each
Subsidiary have been duly authorized and validly issued, are fully paid and non
assessable, and, except as set forth in any Disclosure Schedule, are owned,
beneficially and of record, by NuOasis or Subsidiaries wholly owned by the
Company free and clear of all Liens. There are no outstanding Options with
respect to any Subsidiary. NuOasis agrees, prior to the Closing Date, to deliver
to Flexweight true and complete copies of the certificate or articles of
incorporation and by-laws (or other comparable charter documents) of each of the
Subsidiaries. Except for the Subsidiaries, the Company holds no equity,
partnership, limited liability company, joint venture or other interest in any
Person.

3.5      No Conflicts.  The execution and delivery by NuOasis this Agreement,
         the performance by NuOasis of its obligations hereunder and the
         consummation of the transactions contemplated hereby does not and will
         not: (a) conflict with or result in a violation or breach of any of the
         terms, conditions or provisions of the Charter or the certificate or
         articles of incorporation or organization or by-laws (or other
         comparable charter documents) of NuOasis, or any Subsidiary; (b)
         conflict with or result in a violation or breach of any term or
         provision of any Law or Order applicable to NuOasis, or any Subsidiary
         or any of their respective Assets and Properties; or (c) (i) conflict
         with or result in a violation or breach of, (ii) constitute (with or
         without notice or lapse of time or both) a default under, (iii) require
         NuOasis, or any Subsidiary to obtain any consent or approval, make any
         filing with or give any notice to any Person as a result or under the
         terms of, (iv) result in or give to any Person any right of
         termination, cancellation, acceleration or modification in or with
         respect to, (v) result in or give to any Person any additional rights
         or entitlement to increased, additional, accelerated or guaranteed
         payments under, (vi) result in the creation of any new additional or
         increased liability of the Company or any Subsidiary under or (vii)
         result in the creation or imposition of any Lien upon, NuOasis or any
         Subsidiary or any of their respective Assets and Properties under, any
         Contract or Permit to which NuOasis, or any Subsidiary is a party or by
         which any of their respective Assets and Properties are bound.

3.6      Governmental Approvals and Filings.  No consent, approval or action of,
         filing with or notice to any Governmental or Regulatory Authority on
         the part of NuOasis, or any Subsidiary is required in connection with
         the execution, delivery and performance of this Agreement, or the
         consummation of the transactions contemplated hereby.

3.7      Corporate Formalities; Books and Records.

(a)      NuOasis has complied in all material respects with all corporate
         formalities required to be complied with under applicable laws.

(b)      The minute books and other similar records of NuOasis and each
         Subsidiary as made available to Flexweight prior to the Closing Date
         under this Agreement contain a true and complete record, in all
         material respects, of all action taken at all meetings and by all
         written consents in lieu of meetings of directors, members,
         stockholders, the management committee or boards of directors,
         subcommittees and committees of the boards of directors of NuOasis and
         each Subsidiary.

3.8      Financial Statements.

(a)      NuOasis has furnished the Flexweight with true and complete copies of
         its audited consolidated balance sheets and its Subsidiaries as of June
         30, 1998 and 1997 and the related consolidated statements of
         operations, statement of changes in stockholder's equity and cash flows
         for the years then ended, together with the notes thereto, (the
         "NuOasis Financial Statements"), setting forth in each case in
         comparative form the corresponding figures for the corresponding dates
         and periods of the previous fiscal year, together with reports of
         auditors thereon, except as to June 30, 1998 which is presently
         unaudited. The June 30, 1998 financial statements and those of CPR and
         NRC and their subsidiaries for periods ending prior to June 30, 1998
         which are unaudited, if any, fairly present in all material respects
         the consolidated financial position of NuOasis and its
<PAGE>

Subsidiaries as of the respective dates thereof, and the results of operations,
changes in stockholder's equity and cash flows for the periods set forth
therein, all in conformity with GAAP. The Unaudited Financial Statements fairly
present in all material respects the consolidated financial position of NuOasis
and its Subsidiaries as of the dates thereof and the results of operations,
changes in stockholder's equity and cash flows of the Company and its
Subsidiaries for the periods set forth therein, all in conformity with GAAP,
except as specifically noted in the notes thereto.

(b)      The Projections constitute a reasonable forecast of the NuOasis Assets
         and business operations for the periods set forth therein. The
         Projections have been prepared based on the estimates and assumptions
         set forth therein, which assumptions and estimates are all of the
         assumptions and estimates used in formulating such Projections and are
         reasonable and fair in light of current conditions and reflect the
         reasonable estimate of NuOasis of the results of operations, assets,
         liabilities, cash flow and other information projected therein. To the
         knowledge of NuOasis, no facts exist which would result in any material
         change in any such Projections, save the adjustments set forth above.

3.9      Absence of Changes.  Since June 30, 1998 except (a) as set forth in
         Section 3.9 of the Disclosure Schedule or (b) the transactions
         contemplated by this Agreement, there has not been any event or
         development which, individually or together with other such events,
         could reasonably be expected to have a material adverse effect on the
         NuOasis Assets. In addition, without limiting the foregoing, except as
         disclosed in Section 3.9 of the Disclosure Schedule and except for the
         transactions contemplated by this Agreement since June 30, 1998 neither
         NuOasis nor any Subsidiary:

(a)      has (i) declared, set aside or paid any dividend or other distribution
         in respect of the capital stock of NuOasis or any Subsidiary or (ii)
         directly or indirectly redeemed, purchased or otherwise acquired any
         such capital stock or other equity interests;

(b)      authorized, issued, sold or otherwise disposed of, or granted any
         Option with respect to any shares of capital stock or other equity
         interests of NuOasis or any Subsidiary, or modified or amended any
         right of any holder of any outstanding shares of capital stock or other
         equity interests of NuOasis or any Subsidiary or Option with respect
         thereto;

(c)      (i) increased salary, wages or other compensation (including, without
         limitation, any bonuses, commissions and any other payments) of any
         officer, employee or consultant of NuOasis or any Subsidiary whose
         annual salary, wages and such other compensation is, or after giving
         effect to such change would be, in the aggregate, $100,000 or more per
         annum; (ii) established or modified (A) targets, goals, pools or
         similar provisions under any benefit plan, employment contract or other
         employee compensation arrangement or (B) salary ranges, increase
         guidelines or similar provisions in respect of any benefit plan,
         employment Contract or other employee compensation arrangement; or
         (iii) adopted, entered into, amended, modified or terminated (in whole
         or in part) any benefit plan;

(d)      (i) incurred any Indebtedness, (ii) made or agreed to make any loans to
         any Person or (iii) made or agreed to make any voluntary purchase,
         cancellation, prepayment or complete or partial discharge in advance of
         a scheduled payment date with respect to, or waiver of any right of
         NuOasis or any Subsidiary under, any Indebtedness of or owing to
         NuOasis or any Subsidiary;

(e)      suffered any physical damage, destruction or other casualty loss
         (whether or not covered by insurance) adversely affecting any of the
         real or personal property or equipment of the material Assets and
         Properties of NuOasis or any Subsidiary;

(f)      failed to pay or satisfy when due any obligation of NuOasis or any
         Subsidiary, except when the failure would not have a material adverse
         effect on the Business or Condition of NuOasis or its Subsidiaries;

<PAGE>
(g)      acquired any business or Assets and Properties of any Person (whether
         by merger, consolidation or otherwise) or disposed or leased, or
         incurred a Lien (other than a Permitted Lien) on, any Assets and
         Properties of NuOasis or any Subsidiary, in each case, other than
         acquisitions or dispositions of products in the ordinary course of
         business of NuOasis or such Subsidiary consistent with past practice;

(h)      entered into, amended, modified, terminated (in whole or in part) or
         granted a waiver under or given any consent with respect to any
         Intellectual Property;

(i)      commenced, terminated or changed any line of the Business;

(j)      entered into any transaction with any stockholder or Affiliate of
         NuOasis or any Subsidiary, other than pursuant to any Contract in
         effect on the Audited Financial Statement Date;

(k)      made any change in the accounting methods or procedures of NuOasis or
         any Subsidiary or became subject to any conditions or event which has
         or could reasonably be expected to have a material adverse effect on
         the Business or Condition of NuOasis; or

(l)      entered into any agreement to do any of the things described in the
         preceding paragraphs, including, without limitation, with respect to
         any Business Combination not otherwise restricted by the preceding
         paragraphs.

3.10     No Undisclosed Liabilities.  At Closing, NuOasis will have no
         Liabilities of, relating to or affecting the NuOasis Assets or any
         Subsidiary or any of their respective Assets and Properties, except (i)
         Liabilities reflected or reserved against in the Audited Financial
         Statements, (ii) Liabilities disclosed in Section 3.10 of the
         Disclosure Schedule, or (iii) Liabilities incurred in the ordinary
         course of business consistent with past practice since the Audited
         Financial Statement Date and in accordance with the provisions of this
         Agreement.

3.11     Taxes.   (a)  All Taxes which could constitute a lien on the Assets and
         Properties of NuOasis or the Subsidiaries and which were due and
         payable by NuOasis or the Subsidiaries with respect to the Closing Date
         and all periods beginning and ending prior thereto have been or will be
         paid by NuOasis prior to delinquency. All Tax Returns that have been
         filed by or with respect to NuOasis or any Subsidiary, or any
         affiliated, combined, consolidated, unitary or similar group of which
         NuOasis is or was a member with any Taxing Authority correctly and
         completely reflects the income, franchise or other Tax liability and
         all other information required to be reported thereon. NuOasis and the
         Subsidiaries have withheld and paid all Taxes required to have been
         withheld and paid in connection with amounts paid or due and payable to
         any employee, creditor, independent contractor or other third party.

         (b) NuOasis does not expect any Taxing Authority to assess any
         additional Taxes against or in respect of it or any Subsidiary for any
         past period. There is no dispute or claim concerning any Tax liability
         of NuOasis or any Subsidiary either (i) claimed or raised by any Taxing
         Authority or (ii) otherwise known to NuOasis, or any Subsidiary.
         NuOasis has delivered to Flexweight, with respect to NuOasis and each
         Subsidiary, complete and correct copies of all federal, state, local
         and foreign income Tax Returns filed by, and all correspondence,
         agreements, notices, reports or statements of deficiencies with, from
         or to any Taxing Authority, in each case since January 1, 1996.

3.12     Legal Proceedings.  (a) (i) Neither NuOasis nor any Subsidiary has
         knowledge of any Orders outstanding against NuOasis or any Subsidiary;
         and (ii) there are no Actions or Proceedings pending or, to the
         knowledge of NuOasis, or any Subsidiary, threatened against, relating
         to or affecting NuOasis or any Subsidiary or any of their respective
         Assets and Properties. Neither NuOasis nor any Subsidiary is in default
         with respect to any Order of any court or Governmental or Regulatory
         Authority and there are no unsatisfied judgments against NuOasis, or
         any Subsidiary.

<PAGE>
3.13     Compliance With Laws and Orders.  NuOasis and the Subsidiaries and the
         conduct of the Business are in compliance with all applicable Laws and
         Orders, except where the failure to comply would not have a material
         adverse effect on the Business or Condition of NuOasis or the NuOasis
         Assets. None of NuOasis, or any Subsidiary has any knowledge that it is
         not in compliance with any of such Laws or Orders where the failure to
         comply would have a material adverse effect on the Business or
         Condition of NuOasis or the NuOasis Assets. None of NuOasis, or any
         Subsidiary has any reasonable basis to anticipate that any presently
         existing circumstances are likely to result in violations of any such
         Laws or Orders which would, individually or in the aggregate, have a
         material adverse effect on the Business or Condition of NuOasis.

3.14     Permits.  Section 3.14 of the Disclosure Schedule contains a true and
         complete list of all Permits used in and material to the business or
         operations of NuOasis or any Subsidiary, setting forth the owner, the
         function and the expiration and renewal date of each. Prior to the
         execution of this Agreement, NuOasis has delivered to Flexweight true
         and complete copies of all such Permits. Except as disclosed in Section
         3.14 of the Disclosure Schedule: (i) NuOasis and each Subsidiary own or
         validly hold all Permits that are material to the Business, (ii) each
         Permit listed in Section 3.14 of the Disclosure Schedule is valid,
         binding and in full force and effect and (iii) neither NuOasis nor any
         Subsidiary is, or has received any notice that it is, in default (or
         with the giving of notice or lapse of time or both, would be in
         default) under any such Permit.

3.15     Affiliate Transactions.  (a)  Except as disclosed in Section 3.15(a) of
         the Disclosure Schedule and except as contemplated by this Agreement,
         (i) there are no Liabilities owed to NuOasis or any Subsidiary, on the
         one hand, by any current or former equity holder or Affiliate of
         NuOasis, on the other hand, (ii) there are no liabilities owed by
         NuOasis or any Subsidiary on the one hand, to any such current or
         former stockholder or Affiliate of NuOasis or any Affiliate of any such
         stockholder or Affiliate, on the other hand, (iii) neither NuOasis, nor
         any such current or former stockholder or Affiliate provides or causes
         to be provided any Assets and Properties, services or facilities to
         NuOasis or any Subsidiary, and (iv) neither NuOasis nor any Subsidiary
         provides or causes to be provided any assets, services or facilities to
         any such current or former stockholder or Affiliate.

(b)      Except as disclosed in Section 3.15(b) of the Disclosure Schedule, each
         of the Liabilities and transactions listed in Section 3.15(a) of the
         Disclosure Schedule was incurred or engaged in, as the case may be, on
         an arm's-length basis on competitive terms.

3.16     Business Relationships.  Since June 30, 1998, no business relationship
         of NuOasis or any Subsidiary with any customer, supplier or any group
         of customers or suppliers whose purchases or sales, as the case may be,
         are individually or in the aggregate material to the Business or
         Condition of NuOasis has been, or to the knowledge of NuOasis, or any
         Subsidiary, has been threatened to be, terminated, canceled, limited or
         changed or modified adversely, and, to the knowledge of NuOasis, or any
         Subsidiary, there exists no present condition or state of facts or
         circumstances with respect to such business relationship that would
         materially adversely affect the Business or Condition of NuOasis, or
         prevent NuOasis from conducting the Business after the consummation of
         the transactions contemplated by this Agreement, in substantially the
         same manner in which it has heretofore been conducted.

3.17     Other Negotiations; Brokers. Except as set forth in Section 3.17 of the
         Disclosure Schedule, neither NuOasis, nor any of their respective
         Affiliates (nor any investment banker, financial advisor, attorney,
         accountant or other Person retained by or acting for or on behalf of
         NuOasis, any Subsidiary, or any such Affiliate) (i) has entered into
         any agreement that conflicts with any of the transactions contemplated
         by this Agreement or (ii) has entered into any agreement or had any
         discussions with any third party regarding any transaction involving
         the Company or any Subsidiary which could result in Flexweight or its
         members, officers, director, employee, agent or Affiliate of any of
         them being subject to any claim for liability to said third party as a
         result of entering into this Agreement or consummating the transactions
         contemplated hereby or thereby.
<PAGE>
3.18     Disclosure.  This Agreement does not, and the documents and
         certificates executed by NuOasis or otherwise furnished by NuOasis to
         Flexweight do not contain any untrue statement of a material fact or
         omit to state a material fact necessary in order to make the statements
         contained herein or therein, in light of the circumstances under which
         they were made, not misleading.

4.    Representations and Warranties of Flexweight

Flexweight represents and warrants to NuOasis that:

4.1 Organization and Authority. Flexweight is a corporation duly incorporated,
validly existing and in good standing under the laws of the State of Kansas,
with the corporate power and authority to carry on its business as now being
conducted. The execution and delivery of this Agreement and the consummation of
the transactions contemplated in this Agreement have been, or will be prior to
closing, duly authorized by all requisite corporate actions on the part of
Flexweight. This Agreement has been duly executed and delivered by Flexweight
and constitutes the valid, binding, and enforceable obligation of Flexweight.

4.2 Ability to Carry Out Agreement. To the best of Flexweight's knowledge and
belief, the execution and performance of this Agreement will not violate, or
result in a breach of, or constitute a default in, any provisions of applicable
law, any agreement, instrument, judgment, order or decree to which Flexweight is
a party or to which Flexweight is subject. No consents of any persons under any
contract or agreement required to be disclosed pursuant to this Agreement are
required for the execution, delivery, and performance by Flexweight of this
Agreement.

4.3 The Shares. The Shares to be issued pursuant to this Agreement will be
issued at Closing, free and clear of liens, claims, and encumbrances, and
Flexweight has all necessary right and power to issue the Shares to NuOasis as
provided in this Agreement without the consent or approval of any person, firm,
corporation, or governmental authority.

4.4 Capitalization of Flexweight. The capitalization of Flexweight is, as of the
date hereof, comprised of forty million (40,000,000) shares of authorized no par
value common stock of which, as of the Closing Date, not more than Seven Million
Five Hundred Thousand (7,500,000) shares will be issued and outstanding. All
issued and outstanding shares are legally issued, fully paid, and
non-assessable, and are not issued in violation of the preemptive or other right
of any person. In addition to the shares outstanding, there will be, as of the
Closing Date, certain outstanding options and warrants to purchase shares of
Flexweight's common stock as follows: (i) stock options with an exercise price
of $6.00 per share covering 300,000 shares; [(ii) stock options with an exercise
price of $3.00 per share covering 400,000 shares; (iii) stock options with an
exercise price of $5.00 per share covering 20,000 shares; (iv) Class A Warrants
granting the holder the right to buy up to 1,000,000 shares of Flexweight Common
Stock at $6.00 per share; (v) Class B Warrants granting the holder the right to
buy up to 2,000,000 shares of Flexweight Common Stock at $7.00 per share; (vi)
and Class C Warrants granting the holder the right to buy up to 1,000,000 shares
of Flexweight Common Stock at $8.00 per share.

4.5 Financial Information. Flexweight has provided to NuOasis, or will provide
prior to Closing, copies of its Annual Report on Form 10-K and/or 10-KSB for the
two (2) years ending at or prior to August 30, 1997 and the interim quarterly
financial statement on Form 10-QSB for the quarters ended November 30, 1997,
February 28, 1998 and May 31, 1998. The quarterly financial statements and such
Annual Reports, and all other information included in such reports, shall be
referred to as the "Flexweight's Financials." Flexweight has no obligations or
liabilities (whether accrued, absolute, contingent, liquidated or otherwise,
including without limitation any tax liabilities due or to become due) which are
not fully disclosed and adequately provided for in Flexweight Financials,
excepting current liabilities incurred and obligations under agreements entered
<PAGE>
into in the usual and ordinary course of business since the date of Flexweight
Financials, none of which (individually or in the aggregate) are material except
as expressly indicated in Flexweight Financials. Flexweight is not a guarantor
or otherwise contingently liable for any material amount of such indebtedness.
Except as indicated in Flexweight Financials or Flexweight Disclosure Documents,
there exists no default under the provisions of any instrument evidencing such
indebtedness or of any agreement relating thereto.

4.6 Litigation. To the best knowledge and belief of Flexweight, except as
disclosed pursuant to this Agreement, there is neither pending nor threatened,
any action, suit or arbitration to which its property, assets or business is or
is likely to be subject and in which an unfavorable outcome, ruling or finding
will or is likely to have a material adverse effect on the condition, financial
or otherwise, or properties, assets, business or operations, which would create
a material liability on the part of Flexweight, or which would conflict with
this Agreement or any action taken or to be taken in connection with it.

4.7 Tax Matters. Flexweight has filed or will file all federal, state, and local
income, excise, property, and other tax returns, forms, or reports, which are
due or required to be filed by it and has paid, or made adequate provision for
payment of all taxes, interest, penalty fees, assessments, or deficiencies shown
to be due or claimed to be due or which have or may become due on or in respect
to such returns or reports.

4.8 Contracts. Except as disclosed pursuant to this Agreement, there are no
contracts, actual or contingent obligations, agreements, franchises, license
agreements, or other commitments between Flexweight and other third parties
which are material to the business, financial condition, or results of operation
of Flexweight, taken as a whole. For purposes of the preceding sentence, the
term "material" refers to any obligation or liability which by its terms calls
for aggregate payments of more than $25,000.

The following material contracts will be valid and binding obligations of
Flexweight with third parties ("Approved Agreements") as of the Closing Date:

4.8.1 Advisory Agreement with NuVen Advisors Inc.

4.8.2 Agreement with OTC Communications for Investor Relations

4.8.3 Class A Warrant Agreement

4.8.4 Class B Warrant Agreement

4.8.5 Class C Warrant Agreement

4.8.6 Stock Option Agreement with NuVen Advisors Inc.

4.8.7 Stock Option Agreement with Richard Surber

4.8.8 Stock Option Agreement with NuOasis International Inc.

4.8.9 Stock Option and Warrant Plan

4.9 Material Contract Breaches; Defaults. To the best of Flexweight's knowledge
and belief, except as disclosed in Flexweight Financials, it has not materially
breached, nor has it any knowledge of any pending or threatened claims or any
legal basis for a claim that it has materially breached, any of the terms or
conditions of any agreements, contracts, or commitments to which it is a party
or is bound and which might give rise to a claim by anyone against Flexweight.
To the best of its knowledge and belief, Flexweight is not in default in any
material respect under the terms of any outstanding contract, agreement, lease,
<PAGE>
or other commitment which might give rise to a claim against Flexweight, and
there is no event of default or other event which, with notice or lapse of time
or both, would constitute a default in any material respect under any such
contract, agreement, lease, or other commitment which might give rise to a claim
against Flexweight in respect of which Flexweight has not taken adequate steps
to prevent such a default from occurring.

4.10 Securities Laws. Flexweight is a public company and represents that, except
as disclosed in Flexweight Disclosure Documents and in Flexweight's Financials,
it has no existing or threatened liabilities, claims, lawsuits, or basis for the
same with respect to its original stock issuance to its founders, its initial
public offering, any other issuance of stock, or any dealings with its
stockholders, the public, the brokerage community, the SEC, any state regulatory
agencies, or other persons. Flexweight is required to file periodic reports
under Section 12(g) of the '34 Act. Flexweight represents that all reports
required to be filed pursuant to the '34 Act and any applicable U.S. state "Blue
Sky" laws have been filed.

4.11 Brokers. Flexweight has not agreed to pay any brokerage fees, finder's
fees, or other fees or commissions with respect to the transactions contemplated
in this Agreement which could give rise to a claim against the Shares. To the
best of Flexweight's knowledge, except for Hudson Consulting Group Inc. and
NuVen Advisors Inc., no person or entity is entitled, or intends to claim that
it is entitled, to receive any such fees or commissions in connection with such
transactions. Flexweight further agrees to indemnify and hold harmless the other
parties to this Agreement against liability to any other broker claiming to act
on behalf of Flexweight.

4.12 Corporate Records. Copies of all corporate books and records, including,
but not limited to, any other documents and records of Flexweight relating to
the proceeding of its shareholders and directors will be provided to NuOasis
prior to Closing at the request of NuOasis. All such records and documents are
and will be complete, true, and correct.

4.13 Approvals. Except as otherwise provided in this Agreement, no
authorization, consent, or approval of, or registration or filing with, any
governmental authority or any other person is required to be obtained or made by
Flexweight in connection with the execution, delivery, or performance of this
Agreement.

4.14 Full Disclosure. The information concerning Flexweight, set forth in this
Agreement, and in Flexweight Disclosure Documents, is, to the best of
Flexweight's knowledge and belief, complete and accurate in all material
respects and does not contain any untrue statement of a material fact or omit to
state a material fact required to make the statements made, in light of the
circumstances under which they were made, not misleading.

4.15  Date  of  Representations  and  Warranties.  Each  of the representations
and warranties of Flexweight set forth in this Agreement is true and correct at
and as of the Closing Date, with the same force and effect as though made at and
as of the Closing Date, except for changes permitted or contemplated by this
Agreement. Without limiting the generality of the foregoing, Company represents
and warrants that as of the Closing Date, its payables will be $20,000 or less.

5.    Conditions Precedent to Obligations of NuOasis

All obligations of NuOasis under this Agreement are subject to the fulfillment,
prior to or as of the Closing Date, of each of the following conditions:

5.1 Representations and Warranties. The representations and warranties by
Flexweight set forth in this Agreement shall be true and correct at and as of
the Closing Date, with the same force and effect as though made at and as of the
Closing Date, except for changes permitted or contemplated by this
<PAGE>
Agreement. Flexweight shall deliver on the Closing Date a certificate to this
effect, referred to as Flexweight Certificate of Representations and Warranties.

5.2 No Breach or Default. Flexweight shall have performed and complied with all
covenants, agreements, and conditions required by this Agreement to be performed
or complied with by it prior to or at the Closing.

5.3 Action to Pay Purchase Price. Flexweight shall have taken all corporate and
other action necessary to issue and deliver the Shares, the Notes and the
Warrants representing the Purchase Price to NuOasis pursuant to this Agreement
at Closing.

5.4 Company Disclosure Documents. Before Closing, Flexweight will have delivered
to NuOasis, or caused the delivery of, Flexweight Disclosure Documents.

5.5 Approval of Other Instruments and Documents by NuOasis.  All  instruments
and documents delivered to NuOasis pursuant to the provisions of this Agreement
shall be reasonably satisfactory to their legal counsel.

5.6 Opinion of Counsel. Flexweight shall have delivered to NuOasis an opinion of
counsel dated the Closing Date to the effect that:

(A) Flexweight is duly organized, validly existing, and in good standing under
the laws of the United States, State of Kansas.

(B) Flexweight has the corporate power to conduct business and, specifically, to
carry on its business as now being conducted and is duly qualified to do
business in the United States, State of Kansas.

(C) All corporate actions and director approvals have been properly obtained and
completed by Flexweight, to the extent, if any, that they are necessary, for all
actions required under this Agreement prior to Closing.

(D) This Agreement has been duly authorized, executed, and delivered by
Flexweight and is a valid and binding obligation of Flexweight and, in this
regard, Flexweight shall provide NuOasis at Closing with a certified copy of the
resolution or resolutions of the Board of Directors of Flexweight, approving and
authorizing the issuance by Flexweight of the Shares upon the terms and
conditions herein set forth.

6.    Conditions Precedent to Obligations of Flexweight

All obligations of Flexweight under this Agreement are subject to the
fulfillment, prior to or as of the Closing Date, of each of the following
conditions:

6.1 Representations and Warranties. The representations and warranties executed
by and on behalf NuOasis set forth in this Agreement shall be true and correct
at and as of the Closing Date, with the same force and effect as though made at
and as of the Closing Date, except for changes permitted or contemplated by this
Agreement. NuOasis shall cause to be delivered on the Closing Date the
certificate to this effect, referred to in this Agreement as the Certificate of
Representations and Warranties executed by the President and Chief Executive
Officer of NuOasis.

6.2 No Breach or Default. NuOasis shall have performed and complied with all
covenants, agreements, and conditions required by this Agreement to be performed
or complied with by them prior to or at the Closing.
<PAGE>
6.3 Action to Transfer the NuOasis Assets. NuOasis shall have taken all action
necessary to transfer the NuOasis Assets to Flexweight pursuant to this
Agreement. In this regard, the conveyance(s) of the NuOasis Assets shall contain
such good and sufficient stock powers, and other good and sufficient instruments
of sale, conveyance, transfer, and assignment, in form and substance reasonably
satisfactory to Flexweight's counsel and with all requisite documentary stamps,
if any, affixed, as shall be required or as may be appropriate in order
effectively to vest in Flexweight's good, indefeasible, and marketable title to
the NuOasis Assets free and clear of all liens, mortgages, conditional sales,
and other title retention agreements, pledges, assessments, covenants,
restrictions, reservations, easements, and all other encumbrances of every
nature.

In addition to the conveyance and delivery of the NuOasis Assets, NuOasis shall
have taken all action necessary to deliver all of NuOasis's corporate books and
records, including but not limited to its files, documents, papers, agreements,
formulas, books of account, and records pertaining to its business, and evidence
of compliance with applicable securities laws, if required and requested by
Flexweight's counsel.

6.4 NuOasis Financials. Before Closing, NuOasis will have delivered the Audited
Financial Statements and the Unaudited Financial Statements translated into
English to Flexweight. The NuOasis Disclosure Documents shall specifically
include the information set forth in paragraph 3.8.

6.5 Approval of Other Instruments and Documents by Flexweight. All instruments
and documents delivered to Flexweight pursuant to the provisions of this
Agreement shall be reasonably satisfactory to Flexweight and its legal counsel.

6.6 Opinions, Affidavits and Declarations of NuOasis. NuOasis shall have
delivered to Flexweight an opinion of qualified legal counsel reasonably
satisfactory to Flexweight, and its counsel and auditors, dated as at the
Closing Date, that:

(A) NuOasis is duly organized, validly existing, and in good standing under the
laws of the Commonwealth of the Bahamas and that the NuOasis Assets are free and
clear of any and all liens, encumbrances or contingent liabilities except as
disclosed pursuant to this Agreement.

(B) NuOasis has the corporate power to carry on its business as now being
conducted and is duly qualified to do business in any other jurisdiction where
required or where the non-qualification to do business would have a material
adverse affect on the value of its business.

(C) All action and approvals required in connection to the transfer of the
NuOasis Assets to Flexweight have been properly taken, completed or obtained by
NuOasis, to the extent, if any, that they are necessary.

(D) This Agreement has been duly authorized, executed, and delivered by NuOasis
and is a valid and binding obligation of NuOasis.

7.    Covenants and Agreements of NuOasis

Up to and including the Closing Date, NuOasis covenants that:

7.1 Access and Information. After the execution of this Agreement, NuOasis will
permit Flexweight to have reasonable access to all information necessary to
verify the representations and warranties made herein. After the Closing,
NuOasis will continue to permit Flexweight access to such additional
documentation and information as is reasonably necessary to completion of the
transactions contemplated under this Agreement.
<PAGE>
7.2 Conduct of Business as Usual. Up until the Closing Date, NuOasis shall
insure that NuOasis's operations shall be conducted only in the usual and
ordinary course, and that no change will be made to such operations which might
adversely affect the value of the NuOasis Assets to be transferred to
Flexweight.

7.3 Best Efforts. NuOasis shall use its best efforts to fulfill all conditions
of the Closing including the timely solicitation of affirmative consent of all
third parties necessary to effect a Closing under this Agreement.

7.4 Assent to Sale of NuOasis Assets. In the event the sale of the NuOasis
Assets is consummated, then the shareholders of NuOasis agree to such sale and
waive, surrender, and agree not to exercise any rights which such shareholders
might have concerning the sale of the NuOasis Assets.

8.    Covenants and Agreements of Flexweight

Up to and including the Closing Date, Flexweight covenants that:

8.1 Change in Flexweight Directors. Flexweight's Board of Directors will consist
of five (5) seats. At Closing, Flexweight agrees that four (4) of the five (5)
seats on Flexweight's Board will be vacant and may be filled by two (2) new
directors to be chosen by NuOasis and two (2) new directors to be chosen by
mutual agreement between Flexweight and NuOasis, with such directors to be
"Independent", as such termis defined in the Listing Requirements for the Nasdaq
National Market System.

8.2 Maintenance of Capital Structure. Up until the Closing Date, or termination
hereof, whichever is the earlier, except as disclosed herein or required under
the terms of this Agreement, no change shall be made in the Articles of
Incorporation or Bylaws of Flexweight, or the authorized capital stock of
Flexweight.

8.3 Avoidance of Distributions. Up until the Closing Date, Flexweight shall not
declare any dividends, make any payments or distributions to its stockholders or
purchase for cash or redeem any of its shares of capital stock.

8.4 Conduct of Business as Usual. Up until the Closing Date, Flexweight shall
conduct its operations only in the usual and ordinary course, and that no change
will be made to such operations which might adversely affect the value of
Flexweight.

8.5 Access and Information. After the execution of this Agreement, Flexweight
will permit NuOasis to have reasonable access to all information necessary to
verify the representations and warranties of Flexweight. After the Closing,
Flexweight will continue to permit NuOasis access to such additional
documentation and information regarding Flexweight as is reasonably necessary to
completion of the transactions contemplated under this Agreement.

8.6 Best Efforts. Flexweight shall use its best efforts to fulfill or obtain the
fulfillment of all conditions of the Closing, including the timely solicitation
of affirmative consent of all third parties necessary to effect a Closing under
this Agreement.

9.   Termination

9.1 Termination Without Cause. This Agreement may be terminated at any time
prior to the Closing Date without cost or penalty to either party:

(A) Mutual Consent.  By mutual consent of NuOasis and Flexweight.
<PAGE>
(B) Actions or Proceedings. By NuOasis or Flexweight, (unless the action or
proceeding referred to is caused by a breach or default on the part of NuOasis
or Flexweight of any of their representations, warranties, or obligations under
this Agreement), if there shall be any actual or threatened action or proceeding
by or before any court or any other governmental body which shall seek to
restrain, prohibit, or invalidate the transactions contemplated by this
Agreement and which, in the judgment of NuOasis or Flexweight, made in good
faith and based upon the advice of legal counsel, makes it inadvisable to
proceed with the transactions contemplated by this Agreement.

9.2   Termination with Cause

This Agreement may be terminated, with the terminating party to be reimbursed by
the other party of all expenses and costs related to this Agreement, if:

(A) Breach or Noncompliance by NuOasis. NuOasis shall fail to comply in any
material aspect with any of their representations, warranties, or obligations
under this Agreement, or if any of the representations or warranties made by
NuOasis under this Agreement shall be inaccurate in any material respect and is
not cured within ten (10) business days of notice of such breach.

(B) Breach or Noncompliance by Flexweight. Flexweight shall fail to comply in
any material aspect with any of its representations, warranties, or obligations
under this Agreement, or if any of the representations or warranties made by
Flexweight under this Agreement shall be inaccurate in any material respect and
is not cured within ten (10) business days of notice of such breach.

10.   Securities Registration; Disclosure

10.1 Private Transaction. NuOasis understand that the Shares issued pursuant to
this Agreement, have not been nor will they be registered under the Securities
Act of 1933 as amended ("'33 Act"), but are issued pursuant to exemptions from
registration including but not limited to Regulation D and Section 4(2) of the
'33 Act, and Flexweight's reliance on such exemptions in issuing the Shares is
predicated in part on the representations of NuOasis set forth herein and in the
Investment Letter attached hereto as Exhibit "A" (the "Investment Letter"), to
be executed by NuOasis and delivered to Flexweight at Closing.

10.2 Access to Information. NuOasis represents that, by virtue of its economic
bargaining power or otherwise, it has had access to or has been furnished with,
prior to or concurrently with Closing, the same kind of information that would
be available in a registration statement under the '33 Act should registration
of the Shares issued pursuant to this Agreement have been necessary, and that
they have had the opportunity to ask questions of and receive answers from
Flexweight's officers and directors, or any party acting on their behalf,
concerning the business of Flexweight and that they have had the opportunity to
obtain any additional information, to the extent that Flexweight possesses such
information or can acquire it without unreasonable expense or effort, necessary
to verify the accuracy of information obtained or furnished by Flexweight.

11.   Indemnification

As provided herein, NuOasis and Flexweight shall each indemnify and hold
harmless the other for one (1) year following the date of Closing under this
Agreement against and in respect of any liability, damage, or deficiency, all
actions, suits, proceedings, demands, assessments, judgments, costs and expenses
resulting from any misrepresentations, breach of covenant or warranty, or from
any misrepresentation contained in any certificate furnished hereunder. In this
regard, NuOasis agrees that Flexweight is held harmless from and indemnified
against any loss, damage, or expense resulting from the falsity or breach of any
of the representations, warranties, or agreements of NuOasis contained herein
under which the Shares hereunder are transferred to NuOasis.
<PAGE>
12.   Confidential Information

Notwithstanding any termination of this Agreement, Flexweight, NuOasis and their
representatives, agree to hold in confidence any information not generally
available to the public received by them from the other party pursuant to the
terms of this Agreement. If this Agreement is terminated for any reason,
Flexweight, NuOasis and their representatives will continue to hold such
information in confidence and will, to the extent requested by any party,
promptly return to the requesting party all written material and all copies or
abstracts thereof previously furnished.

13.   Miscellaneous Provisions

13.1 Survival of Representations and Warranties. All representations,
warranties, and covenants made by any party in this Agreement shall survive the
Closing hereunder and the consummation of the transactions contemplated hereby
for three (3) years from the Closing Date. NuOasis and Flexweight are executing
and carrying out the provisions of this Agreement in reliance on the
representations, warranties, and covenants and agreements contained in this
Agreement or at the Closing of the transactions herein provided for including
any investigation upon which they might have made or any representations,
warranty, agreement, promise, or information, written or oral, made by the other
party or any other person other than as specifically set forth herein.

13.2 Costs and Expenses. Subject to paragraph 9 herein, all costs and expenses
in the proposed sale and transfer described in this Agreement shall be borne by
NuOasis and Flexweight in the following manner:

(A) Attorneys Fees and Costs. Each party has been represented by its own
attorney(s) in this transaction, shall pay the fees of its own attorney(s),
except as may be expressly set forth herein to the contrary.

(B) Costs of Closing. Each party shall bear its reasonable share of all other
Closing costs and expenses arising from this Agreement.

13.3 Further Assurances. At any time and from time to time, after the effective
date, each party will execute such additional instruments and take such action
as may be reasonably requested by the other party to confirm or perfect title to
any property transferred hereunder or otherwise to carry out the intent and
purposes of this Agreement.

13.4 Waiver. Any failure of any party to this Agreement to comply with any of
its obligations, agreements, or conditions hereunder may be waived in writing by
the party to whom such compliance is owed. The failure of any party to this
Agreement to enforce at any time any of the provisions of this Agreement shall
in no way be construed to be a waiver of any such provision or a waiver of the
right of such party thereafter to enforce each and every such provision. No
waiver of any breach of or non-compliance with this Agreement shall be held to
be a waiver of any other or subsequent breach or non-compliance.

13.5 Notices. All notices and other communications hereunder shall either be in
writing and shall be deemed to have been given if delivered in person, sent by
overnight delivery service or sent by facsimile transmission, to the parties
hereto, or their designees, as follows:

          To Flexweight:            Flexweight Corp.
                                    1946 Plateau Way
                                    Wendover, Nevada 89883
                                    Telephone:       (702) 664-3919
                                    Facsimile:   (702) 664-2331

<PAGE>
13.6 Headings. The paragraph and subparagraph headings in this Agreement are
inserted for convenience only and shall not affect in any way the meaning or
interpretation of this Agreement.

13.7 Counterparts. This Agreement may be executed simultaneously in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

13.8 Governing Law. This Agreement shall be governed by the laws of the United
States, State of Nevada.

13.9 Binding Effect. This Agreement shall be binding upon the parties hereto and
inure to the benefit of the parties, their respective heirs, administrators,
executors, successors, and assigns.

13.10 Entire Agreement. This Agreement contains the entire agreement between the
parties hereto and supersedes any and all prior agreements, arrangements, or
understandings between the parties relating to the subject matter of this
Agreement. No oral understandings, statements, promises, or inducements contrary
to the terms of this Agreement exist. No representations, warranties, covenants,
or conditions, express or implied, other than as set forth herein, have been
made by any party.

13.11 Severability. If any part of this Agreement is deemed to be unenforceable
the balance of the Agreement shall remain in full force and effect.

13.12 Amendment. This Agreement may be amended only by a written instrument
executed by the parties or their respective successors or assigns.

13.13 Facsimile Counterparts. A facsimile, telecopy or other reproduction of
this Agreement may be executed by one or more parties hereto and such executed
copy may be delivered by facsimile of similar instantaneous electronic
transmission device pursuant to which the signature of or on behalf of such
party can be seen, and such execution and delivery shall be considered valid,
binding and effective for all purposes. At the request of any party hereto, all
parties agree to execute an original of this Agreement as well as any facsimile,
telecopy or other reproduction hereof.

13.14 Time is of the Essence. Time is of the essence of this Agreement and of
each and every provision hereof.

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

                               "Flexweight"
                               Flexweight Corporation

                               By:      Walter G. Sanders
                               Name:    Walter G. Sanders
                               Title:   President/CEO

                               "NuOasis"
                               NuOasis International Inc.

                               By:      /s/ Fred G. Luke
                               Name:        Fred G. Luke
                               Title:       President

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