Document:

REGULATION S STOCK PURCHASE AGREEMENT

                            Dated September 15, 2000

                                       for

                      ACCESSPOINT CORPORATION COMMON STOCK

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                                TABLE OF CONTENTS

                                                                            PAGE

ARTICLE I.  PURCHASE, SALE AND TERMS OF SHARES................................2
   1.1.    The Shares.........................................................2
   1.2.    Payment of Purchase Price; Closing.................................2
   1.3.    Covenants of Best Efforts..........................................2
   1.4.    Representations by the Purchaser...................................2

ARTICLE II.  REPRESENTATIONS AND WARRANTIES OF THE COMPANY....................5
   2.1.    Organization and Standing of the Company...........................5
   2.2.    Corporate Action...................................................5
   2.3.    Governmental Approvals.............................................5
   2.4.    Litigation.........................................................6
   2.5.    Compliance with Other Instruments..................................6
   2.6.    Title to Assets; Intellectual Property Rights......................6
   2.7.    Taxes  7
   2.8.    Disclosure.........................................................7
   2.9.    Brokers or Finders.................................................7
   2.10.   Capitalization; Status of Capital Stock............................7
   2.11.   SEC Reports........................................................7
   2.12.   Books and Records..................................................7

ARTICLE III.  MISCELLANEOUS...................................................8
   3.1.    No Waiver; Cumulative Remedies.....................................8
   3.2.    Amendments; Waivers and Consents...................................8
   3.3.    Addresses for Notices..............................................8
   3.4.    Costs; Expenses and Taxes..........................................8
   3.5.    Effectiveness; Binding Effect; Assignment..........................8
   3.6.    Survival of Representations and Warranties.........................8
   3.7.    Prior Agreements...................................................8
   3.8.    Severability.......................................................8
   3.9.    Governing Law;Venue................................................9
   3.10.   Headings...........................................................9
   3.11.   Counterparts.......................................................9
   3.12.   Further Assurances.................................................9

                                      -i-

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         Regulation S Stock Purchase Agreement,  dated as of September 15, 2000,
between  ACCESSPOINT  CORPORATION,  a Nevada  corporation  having  offices at 38
Executive Park Drive,  Suite 350, Irvine, CA 92614 (the "Company"),  and PACIFIC
CAPITAL GROUP LIMITED, a Hong Kong company having offices at 16/F Silver Fortune
Plaza, 1 Wellington Street, Central, Hong Kong (the "Purchaser").

                                   ARTICLE I.

                       PURCHASE, SALE AND TERMS OF SHARES

         1.1. THE SHARES.  The Company agrees to issue and sell to the Purchaser
and,  in  consideration  of and in express  reliance  upon the  representations,
warranties,  covenants,  terms and conditions of this  Agreement,  the Purchaser
agrees to purchase from the Company up to 330,000  shares (the  "Shares") of the
Company's  Common Stock at a per share  purchase price which shall be 50% of the
average of the closing prices of the Company's  shares of Common Stock as quoted
on the OTC Bulletin  Board (the  "OTCBB") (or on such other United  States stock
exchange or public  trading  market on which the shares of the Company trade if,
at the time of  purchase,  they are not  trading on the OTCBB) for the three (3)
consecutive  trading days  immediately  preceding  the date  Purchaser  acquires
Shares  hereunder  or $725,000 in the  aggregate  (the  "Purchase  Price") on or
before  January  30,  2001 as  outlined  in  Section  1.3 below.  The  Purchaser
understands  and agrees that the  Company in its sole  discretion  reserves  the
right to accept or reject this subscription for the Shares, in whole or in part,
prior to receipt by the  Purchaser  of the  Purchase  Price,  or any  applicable
portion thereof, as set forth in Section 1.3.

         1.2.  PAYMENT OF PURCHASE  PRICE;  CLOSING.  The Purchaser will pay the
purchase price by wire transfer of immediately available funds to a non-interest
bearing escrow account of Piper Marbury  Rudnick & Wolfe LLP, for the benefit of
Purchaser, along with written instructions from Purchaser authorizing release of
such funds to the Company upon receipt by Piper Marbury Rudnick & Wolfe LLP of a
certificate representing the Shares.

         1.3   COVENANT OF BEST  EFFORTS.  The Purchaser  agrees to use its best
efforts to purchase the shares in accordance with the following schedule:

                           September 30, 2000        $145,000
                           October 30, 2000          $145,000
                           November 30, 2000         $145,000
                           December 30, 2000         $145,000
                           January 30, 2001          $145,000

         1.4.  REPRESENTATIONS  BY  THE  PURCHASER.  The  Purchaser  makes  the
following  representations  and warranties to the Company:

                  (a)  ACCESS TO  INFORMATION.  The  Purchaser,  in  making  the
decision  to  purchase   the  Shares,   has  relied   solely  upon   independent
investigations  made by it and/or its  representatives,  if any.  The  Purchaser
and/or its representatives  during the course of this transaction,  and prior to
the  purchase of any Shares,  has had the  opportunity  to ask  questions of and
receive  answers from the  management  of the Company  concerning  the terms and
conditions  of  the  offering  of  the  Shares  and to  receive  any  additional
information,  documents,  records and books  relative to its  business,  assets,
financial  condition,  results of  operations  and  liabilities  (contingent  or
otherwise) of the Company.

                  (b)  SOPHISTICATION  AND KNOWLEDGE.  The Purchaser  and/or its
representatives  has such  knowledge  and  experience  in financial and business
matters that it can represent itself and is capable of evaluating the merits and
risks of the purchase of the Shares. The Purchaser is not relying on the Company
with respect to the tax and other  economic  considerations  of an investment in
the  Shares,  and the  Purchaser  has relied on the advice of,

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or has  consulted  with,  only the  Purchaser's  own  advisor(s).  The Purchaser
represents  that it has not been  organized  for the  purpose of  acquiring  the
Shares.

                  (c) LACK OF  LIQUIDITY.  The Purchaser  acknowledges  that the
purchase of the Shares  involves a high degree of risk and further  acknowledges
that it can bear the economic risk of the purchase of the Shares,  including the
total loss of its investment. The Purchaser has no present need for liquidity in
connection with its purchase of the Shares.

                  (d) NO PUBLIC  SOLICITATION.  The Purchaser is not subscribing
for the  Shares  as a result of or  subsequent  to any  advertisement,  article,
notice or other  communication  published in any newspaper,  magazine or similar
media or  broadcast  over  television  or radio,  or presented at any seminar or
meeting,  or any solicitation of a subscription by a person not previously known
to the Purchaser in connection with investments in securities generally.

                  (e) AUTHORITY. The Purchaser has full right and power to enter
into and  perform  pursuant  to this  Agreement  and make an  investment  in the
Company,  and this  Agreement  constitutes  the  Purchaser's  valid and  legally
binding  obligation,  enforceable in accordance with its terms. The Purchaser is
authorized  and otherwise  duly qualified to purchase and hold the Shares and to
enter into this Agreement

                  (f) REGULATION S EXEMPTION. The Purchaser understands that the
Shares are being  offered and sold to it in reliance  on an  exemption  from the
registration  requirements  of United States federal and state  securities  laws
under Regulation S promulgated  under the Securities Act and that the Company is
relying  upon  the  truth  and  accuracy  of  the  representations,  warranties,
agreements, acknowledgments and understandings of the Purchaser set forth herein
in order to determine the  applicability  of such exemptions and the suitability
of  the  Purchaser  to  acquire  the  Shares.  In  this  regard,  the  Purchaser
represents, warrants and agrees that:

                           (i)      The Purchaser is not a U.S.  Person (as
         defined  below) and is not an affiliate (as defined in Rule 501(b)
         under the Securities  Act) of the Company.  A U.S.  Person means any
         one of the following:

                                    (A)     any natural  person  resident in the
                                            United States of America;

                                    (B)     any   partnership   or   corporation
                                            organized or incorporated  under the
                                            laws  of  the   United   States   of
                                            America;

                                    (C)     any estate of which any  executor or
                                            administrator is a U.S. person;

                                    (D)     any trust of which any  trustee is a
                                            U.S. person;

                                    (E)     any  agency  or  branch of a foreign
                                            entity  located in the United States
                                            of America;

                                    (F)     any  non-discretionary   account  or
                                            similar   account   (other  than  an
                                            estate or trust) held by a dealer or
                                            other  fiduciary  for the benefit or
                                            account of a U.S. person;

                                    (G)     any discretionary account or similar
                                            account  (other  than an  estate  or
                                            trust)  held by a  dealer  or  other
                                            fiduciary organized, incorporated or
                                            (if an  individual)  resident in the
                                            United States of America; and

                                    (H)     any partnership or corporation if:

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                                                     (1)      organized  or
                                            incorporated  under  the  laws  of
                                            any foreign jurisdiction; and

                                                     (2) formed by a U.S. person
                                            principally   for  the   purpose  of
                                            investing    in    securities    not
                                            registered under the Securities Act,
                                            unless    it   is    organized    or
                                            incorporated,    and    owned,    by
                                            accredited  investors (as defined in
                                            Rule  501(a)  under  the  Securities
                                            Act)  who are not  natural  persons,
                                            estates or trusts.

                           (ii)  At the  time  of  the  origination  of  contact
         concerning this Agreement and the date of the execution and delivery of
         this Agreement, the Purchaser was outside of the United States.

                           (iii) The  Purchaser  will  not,  during  the  period
         commencing  on the date of  issuance  of the  Shares  and ending on the
         first  anniversary  of such  date,  or such  shorter  period  as may be
         permitted  by  Regulation  S or other  applicable  securities  law (the
         "Restricted  Period"),  offer,  sell, pledge or otherwise  transfer the
         shares in the United  States,  or to a U.S.  Person for the  account or
         benefit of a U.S. Person and will, during the Restricted  Period,  only
         offer, sell, pledge or otherwise transfer the Shares only in accordance
         with Rules 903 or 904 of Regulation S, pursuant to  registration  under
         the  Securities  Act or pursuant  to an  available  exemption  from the
         registration  requirements  of the  Securities  Act , and in accordance
         with all applicable state and foreign securities laws.

                           (iv) The  Purchaser  will,  after  expiration  of the
         Restricted Period, offer, sell, pledge or otherwise transfer the Shares
         only pursuant to registration  under the Securities Act or an available
         exemption  therefrom and, in accordance  with all applicable  state and
         foreign securities laws.

                           (v)  The  Purchaser  has  not in the  United  States,
         engaged in, and prior to the expiration of the  Restricted  Period will
         not engage in, any short  selling of or any  hedging  transaction  with
         respect to the Shares,  including without limitation,  any put, call or
         other option transaction, option writing or equity swap.

                           (vi) Neither the  Purchaser  nor or any person acting
         on its behalf has  engaged,  nor will engage,  in any directed  selling
         efforts  (within the meaning of Rule 901(b) of  Regulation  S under the
         Securities  Act) with respect to the Shares and the  Purchaser  and any
         person  acting on its behalf  have  complied  and will  comply with the
         "offering   restrictions"   requirements  of  Regulation  S  under  the
         Securities Act.

                           (vii) The transactions contemplated by this Agreement
         have not been pre-arranged with a buyer located in the United States or
         with a U.S.  Person,  and are not part of a plan or scheme to evade the
         registration requirements of the Securities Act.

                           (viii) Neither the Purchaser nor any person acting on
         its behalf has  undertaken  or carried out any activity for the purpose
         of,  or that  could  reasonably  be  expected  to have the  effect  of,
         conditioning  the  market in the  United  States,  its  territories  or
         possessions,  for any of the Shares.  The Purchaser agrees not to cause
         any  advertisement  of the Shares to be published  in any  newspaper or
         periodical  or posted in any public place and not to issue any circular
         relating to the Shares,  except such  advertisements  that  include the
         statements required by Regulation S under the Securities Act.

                           (ix)     Each  certificate  representing the Shares
         shall be endorsed with the following legends:

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                                    (A)  "THE   SHARES  ARE  BEING   OFFERED  TO
                  INVESTORS WHO ARE NOT U.S. PERSONS (AS DEFINED IN REGULATION S
                  UNDER THE SECURITIES ACT OF 1933, AS AMENDED ("THE  SECURITIES
                  ACT"))  AND  WITHOUT   REGISTRATION  WITH  THE  UNITED  STATES
                  SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT IN
                  RELIANCE UPON  REGULATION S PROMULGATED  UNDER THE  SECURITIES
                  ACT."

                                    (B) "INVESTORS  UNDER  REGULATION S ARE ALSO
                  ADVISED THAT DURING THE ONE-YEAR  RESTRICTED  PERIOD  PROVIDED
                  FOR IN RULE 903 OF  REGULATION  S, NO  OFFERS  OR SALES OF THE
                  SHARES  OFFERED  HEREBY MAY BE MADE IN THE UNITED STATES OR TO
                  U.S. PERSONS.

                                    (C) Any other  legend  required to be placed
                  thereon by applicable federal or state securities laws.

                           (x) The  Purchaser  consents to the Company  making a
         notation on its records or giving instructions to any transfer agent of
         the Company in order to implement the  restrictions  on transfer of the
         Shares set forth in this Section 1.4.

                                   ARTICLE II

                  REPRESENTATIONS AND WARRANTIES OF THE COMPANY

         The Company represents and warrants as follows:

         2.1.  ORGANIZATION  AND STANDING OF THE COMPANY.  The Company is a duly
organized and validly  existing  corporation  in good standing under the laws of
the State of Nevada and has all requisite  corporate power and authority for the
ownership  and  operation  of its  properties  and  for the  carrying  on of its
business as now conducted and as now proposed to be conducted and to execute and
deliver  this  Agreement  and  other   instruments,   agreements  and  documents
contemplated herein (together with this Agreement, the "Transaction Documents"),
to issue,  sell and  deliver  the Shares and to  perform  its other  obligations
pursuant hereto.  The Company is duly licensed or qualified and in good standing
as a foreign corporation  authorized to do business in all jurisdictions wherein
the  character of the property  owned or leased or the nature of the  activities
conducted by it makes such licensing or  qualification  necessary,  except where
the  failure to be so licensed or  qualified  would not have a material  adverse
effect on the business, operations or financial condition of the Company.

         2.2.  CORPORATE  ACTION.  The  Transaction  Documents  have  been  duly
authorized,  executed  and  delivered by the Company and  constitute  the legal,
valid and binding obligations of the Company, enforceable against the Company in
accordance with their  respective  terms.  The Shares have been duly authorized.
The issuance,  sale and delivery of the Shares have been duly  authorized by all
required  corporate action on the part of the Company.  The Shares,  when issued
and paid for in  accordance  with the  Transaction  Documents,  will be  validly
issued,  fully paid and nonassessable,  with no personal liability  attaching to
the  ownership  thereof  and  will be free  and  clear  of all  liens,  charges,
restrictions,  claims and encumbrances imposed by or through the Company, except
as expressly set forth in the Transaction Documents.

         2.3.  GOVERNMENTAL  APPROVALS.  No  authorization,  consent,  approval,
license,  exemption of or filing or registration  with any court or governmental
department,  commission,  board, bureau, agency or instrumentality,  domestic or
foreign,  is or will be necessary for, or in connection  with, the execution and
delivery by the Company of this Agreement, for the offer, issue, sale, execution
or  delivery  of the  Shares,  or for  the  performance  by the  Company  of its
obligations  under the Transaction  Documents except for any filings required by
applicable securities laws.

<PAGE>

         2.4.  LITIGATION.  Except as set  forth on  Schedule  2.4,  there is no
litigation  or  governmental  proceeding  or  investigation  pending  or, to the
knowledge of the Company,  threatened  against the Company  affecting any of its
properties  or assets,  nor, to the best  knowledge  of the  Company,  has there
occurred  any event or does there exist any  condition on the basis of which any
litigation,  proceeding  or  investigation  might  properly be  instituted.  The
Company is not in default with respect to any order, writ,  injunction,  decree,
ruling or decision of any court,  commission,  board or other government agency,
which such default might have a material adverse effect on the business, assets,
liabilities,  operations, Intellectual Property Rights, (as defined hereinafter)
management  or  financial  condition  of the  Company.  There are no  actions or
proceedings  pending or, to the Company's  knowledge,  threatened  (or any basis
therefor known to the Company) against the Company which might result, either in
any case or in the  aggregate,  in any material  adverse change in the business,
operations,  Intellectual Property Rights, affairs or financial condition of the
Company or in any of its properties or assets, or which might call into question
the  validity of any of the  Transaction  Documents,  any of the Shares,  or any
action taken or to be taken pursuant hereto or thereto.

         2.5. COMPLIANCE WITH OTHER INSTRUMENTS. The Company is in compliance in
all respects with its Certificate of Incorporation  and Bylaws,  each as amended
and/or  restated  to date,  and in all  respects  with the  material  terms  and
provisions  of  all  mortgages,   indentures,   leases,   agreements  and  other
instruments  by which it is  bound  or to which it or any of its  properties  or
assets are subject.  The Company is in compliance in all material  respects with
all  judgments,   decrees,   governmental  orders,  laws,  statutes,   rules  or
regulations  by which it is  bound  or to which it or any of its  properties  or
assets are  subject.  Neither the  execution  and  delivery  of the  Transaction
Documents nor the issuance of the Shares, nor the consummation or performance of
any transaction  contemplated hereby or thereby,  has constituted or resulted in
or will  constitute  or result in a default or violation  of,  create a conflict
with,  trigger any "change of  control" or other right of any Person  under,  or
require any consent,  waiver,  release or approval under or with respect to, any
term or provision of any of the  foregoing  documents,  instruments,  judgments,
agreements, decrees, orders, statutes, rules and regulations.

         2.6. TITLE TO ASSETS; INTELLECTUAL PROPERTY RIGHTS. (a) The Company has
good  and  marketable  title  in fee to such of its  fixed  assets  as are  real
property,  and  good and  merchantable  title to all of its  other  assets,  now
carried on its books, free of any mortgages,  pledges,  charges, liens, security
interests or other  encumbrances.  The Company enjoys  peaceful and  undisturbed
possession under all leases under which it is operating, and all said leases are
valid and subsisting and in full force and effect.

                  (b) The  Company  owns or has a valid  right  to use  patents,
patent  applications,   patent  right,  trade  secrets,   confidential  business
information,  formula, processes, laboratory notebooks, algorithms,  copyrights,
mask works,  claims of infringement  against third parties,  licenses,  permits,
license rights,  contract rights with employees,  consultants and third parties,
trademarks,   trademark  rights,  inventions  and  discoveries,  and  all  other
intellectual  property,  including,  without  limitation,  all other such rights
generally classified as intangible,  intellectual  property assets in accordance
with GAAP  (collectively  the,  "Intellectual  Property  Rights")  being used to
conduct its  business as now  operated  and as now proposed by the Company to be
operated and to the best of the Company's knowledge, the conduct of its business
as now  operated  and as now  proposed  to be  operated  does  not and  will not
conflict with or infringe upon the  Intellectual  Property Rights of others.  To
the best of the Company's  knowledge,  no claim is pending or threatened against
the Company  and/or its officers,  employees and  consultants to the effect that
any such Intellectual  Property Right owned or licensed by the Company, or which
the Company  otherwise has the right to use, is invalid or  unenforceable by the
Company.

                  (c) The Company has taken all  reasonable  measures to protect
and  preserve  the  security,  confidentiality  and  value  of its  Intellectual
Property Rights, including its trade secrets and other confidential information.
The Company is and will be the exclusive owner of all right,  title and interest
in its Intellectual Property Rights as purported to be owned by the Company, and
such  Intellectual  Property Rights are valid and in full force and effect.  The
Company has not received  notice of and, to the best of the Company's  knowledge
there are no claims that the Company's  Intellectual  Property Rights or the use
or ownership  thereof by the Company  infringes,  violates or conflicts with any
such right of any third party.

<PAGE>

         2.7.  TAXES.  Except as set forth on  Schedule  2.7,  the  Company  has
accurately  prepared and timely  filed all federal,  state and other tax returns
required by law to be filed by it, has paid or made provision for the payment of
all  taxes  shown  to be  due  and  all  additional  assessments,  and  adequate
provisions  have  been  made  and  are  reflected  in  the  Company's  financial
statements  for all  current  taxes and other  charges  to which the  Company is
subject and which are not currently due and payable.

         2.8.  DISCLOSURE.  There is no fact within the knowledge of the Company
or any of its  executive  officers  which  has not been  disclosed  herein or in
writing by them to the Purchaser and which materially  adversely affects,  or in
the future in their  opinion may,  insofar as they can now  foresee,  materially
adversely affect the business,  operations,  properties,  Intellectual  Property
Rights,  assets or  condition,  financial  or  other,  of the  Company.  Without
limiting the foregoing, the Company has no knowledge that there exists, or there
is pending or planned, any patent, invention,  device,  application or principle
or any statute,  rule, law, regulation,  standard or code which would materially
adversely affect the business, operations, Intellectual Property Rights, affairs
or financial condition of the Company.

         2.9. BROKERS OR FINDERS. No Person has or will have, as a result of the
transactions  contemplated by this Agreement, any right, interest or valid claim
against or upon the Purchaser for any commission, fee or other compensation as a
finder or broker because of any act or omission by the Company or its respective
agents.

         2.10.  CAPITALIZATION;  STATUS OF CAPITAL STOCK. As of the date hereof,
the Company  had a total  authorized  capitalization  consisting  of  25,000,000
shares of Common Stock,  $.00l par value and 5,000,000 Series A Preferred Stock,
$.001 par value. As of September 1, 2000, 16,054,082 shares of Common Stock were
issued and  outstanding.  All the  outstanding  shares of  capital  stock of the
Company  have been duly  authorized,  and are  validly  issued,  fully  paid and
non-assessable.  None of the  Company's  outstanding  securities  or  authorized
capital stock or the Shares is subject to any rights of redemption,  repurchase,
rights of first  refusal,  preemptive  rights or other similar  rights,  whether
contractual,  statutory  or  otherwise,  for the  benefit  of the  Company,  any
stockholder,  or any other Person.  There are no restrictions on the transfer of
shares of capital  stock of the  Company  other than those  imposed by  relevant
federal  and  state  securities  laws  and as  otherwise  contemplated  by  this
Agreement.   There   are  no   agreements,   understandings,   trusts  or  other
collaborative  arrangements or understandings  concerning the voting or transfer
of the capital stock of the Company to which the Company is a party.  Except for
341,000  shares of the Company's  Series A Preferred  Stock  issuable  under the
terms of the Company's  Employee  Stock Bonus  Agreements,  the Company does not
have  outstanding,  and has no obligation to grant or issue, any "phantom stock"
or other right measured by the profits, revenues or results of operations of the
Company or any portion thereof; or any similar rights.

         2.11.  SEC REPORTS.  The Company has furnished the Purchaser  with true
and complete copies of its reports on Form 8-K filed April 13, 2000, Form 10-QSB
for the quarter  June 30, 2000 and its  Transitional  Report on Form 10-KSB from
the period of inception,  October 6, 1999,  through April 11, 2000 (the "Current
Reports")  which,  except for the  Company's  Form 10-QSB for the quarter  ended
January 31, 2000, Current Reports constitute the only documents that the Company
was required to file with the SEC since October 6, 1999. As of their  respective
filing  dates,  the Current  Reports and all other  filings  made by the Company
under the Act or the  Securities  Exchange  Act of 1934,  as amended  (the "1934
Act")(collectively,  the "SEC Reports"),  complied with the  requirements of the
Act or the 1934 Act, as the case may be, and none of such filings  contained any
untrue  statement  of a  material  fact or omitted  to state any  material  fact
required to be stated  therein or necessary to make the statements  therein,  in
light of the circumstances under which they were made, not misleading.

         2.12. BOOKS AND RECORDS.  The books of account,  ledgers,  order books,
records and  documents  of the Company  accurately  and  completely  reflect all
material  information  relating to the business of the Company, the location and
collection of its assets, and the nature of all transactions  giving rise to the
obligations or accounts receivable of the Company.

<PAGE>

                                   ARTICLE III

                                  MISCELLANEOUS

         3.1. NO WAIVER; CUMULATIVE REMEDIES. No failure or delay on the part of
any party to this Agreement in exercising any right,  power or remedy  hereunder
shall operate as a waiver thereof;  nor shall any single or partial  exercise of
any such right,  power or remedy preclude any other or further  exercise thereof
or the  exercise of any other  right,  power or remedy  hereunder.  The remedies
herein  provided are  cumulative  and not exclusive of any remedies  provided by
law.

         3.2. AMENDMENTS;  WAIVERS AND CONSENTS.  Any provision in the Agreement
to the contrary notwithstanding, and except as hereinafter provided, changes in,
termination  or  amendments of or additions to this  Agreement may be made,  and
compliance  with any  covenant or  provision  set forth herein may be omitted or
waived,  if either Party shall obtain consent  thereto in writing from the other
Party.  Any waiver or consent may be given subject to satisfaction of conditions
stated therein and any waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given.

         3.3. ADDRESSES FOR NOTICES. Any notice or other communication  required
or  permitted to be given  hereunder  shall be in writing and shall be mailed by
certified  mail,  return  receipt  requested,  or delivered  against  receipt to
Company  and/or to Purchaser  at the  addresses  for each set forth  above.  Any
notice or other  communication  given by certified mail shall be deemed given at
the time of  certification  thereof,  except  for a notice  changing  a  party's
address which shall be deemed given at the time of receipt thereof.

         3.4.  COSTS;  EXPENSES AND TAXES.  Upon execution of this Agreement and
with each delivery of the Purchase  Price as set forth in 1.3, the Company shall
pay $3,750 or  $15,000 in the  aggregate,  to cover  fees and  disbursements  of
counsel to the Purchaser  incurred in connection with the negotiation,  drafting
and completion of the Transaction Documents and all related matters. The Company
shall pay any and all stamp,  or other similar taxes payable or determined to be
payable in connection  with the execution  and delivery of this  Agreement,  the
issuance  of any  securities  and the  other  instruments  and  documents  to be
delivered  hereunder or  thereunder,  and agrees to save the Purchaser  harmless
from and against any and all  liabilities  with respect to or resulting from any
delay in paying or omission to pay such taxes.

         5.       EFFECTIVENESS;  BINDING  EFFECT;  ASSIGNMENT.  This Agreement
shall be binding upon and inure to the benefit of the Company, the Purchaser and
the respective successors and assigns.

         3.6.     SURVIVAL OF  REPRESENTATIONS  AND  WARRANTIES.  All  represen-
tations and warranties made in the  Transaction  Documents,  the Shares,  or any
other  instrument  or document  delivered in  connection  herewith or therewith,
shall survive the execution and delivery hereof or thereof.

         3.7.     PRIOR  AGREEMENTS.  The  Transaction  Documents  executed and
delivered in connection  herewith  constitute the entire  agreement  between the
parties with respect to the subject  matter set forth herein and  supersede  any
prior understandings or agreements concerning the subject matter hereof.

         3.8.  SEVERABILITY.  The  provisions of the  Transaction  Documents are
severable  and,  in the event  that any court of  competent  jurisdiction  shall
determine  that  any  one or  more of the  provisions  or  part  of a  provision
contained  therein  shall,  for any reason,  be held to be  invalid,  illegal or
unenforceable in any respect,  such invalidity,  illegality or  unenforceability
shall not affect any other provision or part of a provision of such  Transaction
Document and the terms of the Shares shall be reformed and  construed as if such
invalid or illegal or unenforceable provision, or part of a provision, had never
been contained herein,  and such provisions or part reformed so that it would be
valid, legal and enforceable to the maximum extent possible.

<PAGE>

         3.9.  GOVERNING  LAW;  VENUE.  (a)This  Agreement  shall  be  enforced,
governed and  construed in  accordance  with the laws of the State of California
without  giving  effect  to  choice  of  laws  principles  or  conflict  of laws
provisions.  Any suit, action or proceeding  pertaining to this Agreement or any
transaction  relating  hereto  shall be brought  to the state  courts of, or the
federal  courts  in,  the  State  of  California,  and  the  undersigned  hereby
irrevocably  consents  and  submits to the  jurisdiction  of such courts for the
purpose of any such suit,  action,  or proceeding.  Purchaser  acknowledges  and
agrees that venue hereunder shall lie exclusively in Orange County, California.

         (b)  Purchaser  hereby  waives,  and agrees not to assert  against  the
Company,  or any successor assignee thereof,  by way of motion, as a defense, or
otherwise,  in any such  suit,  action or  proceeding,  (i) any  claim  that the
Purchaser  is not  personally  subject to the  jurisdiction  of the  above-named
courts,  and (ii) to the extent permitted by applicable law, any claim that such
suit, action or proceeding is brought in an inconvenient forum or that the venue
of any such suit,  action or proceeding  is improper or that this  Agreement may
not be enforced in or by such courts.

         3.10.    HEADINGS.  Article,  section and subsection  headings in this
Agreement are included  herein for  convenience  of reference only and shall not
constitute a part of this Agreement for any other purpose.

         3.11.    COUNTERPARTS.  This Agreement may be executed in any number of
counterparts,  all of which taken  together  shall  constitute  one and the same
instrument,  and any of the parties hereto may execute this Agreement by signing
any such counterpart.

         3.12.  FURTHER  ASSURANCES.  From and after the date of this Agreement,
upon the request of the Purchaser or the Company,  the Company and the Purchaser
shall execute and deliver such instruments,  documents and other writings as may
be reasonably  necessary or desirable to confirm and carry out and to effectuate
fully the intent and purposes of the Transaction Documents and the Shares.

<PAGE>

         IN WITNESS WHEREOF,  the parties hereto have caused this Stock Purchase
Agreement to be executed as of the date first above written.

                                    ACCESSPOINT CORPORATION

                                    By:   /s/ TOM M. DJOKOVICH
                                          --------------------------------------
                                          Name: Tom M. Djokovich
                                          Title: Chief Executive Officer

                                    PACIFIC CAPITAL GROUP LIMITED

                                    By:   /s/ HANNA CHEUNG
                                          --------------------------------------
                                          Hanna Cheung,
                                          Representative

<PAGE>

                            STOCK PURCHASE AGREEMENT

                                  SCHEDULE 2.4
                                   LITIGATION

The Processing Source International suit is for collection alleging none payment
of goods and services in the amount of $48,719.00  dollars.  Please see attached
copy of complaint filed in this matter.

<PAGE>

                            STOCK PURCHASE AGREEMENT

                                  SCHEDULE 2.7
                                      TAXES

Here is a list of the owed payroll tax;

Accesspoint     $129,548
Processing Source  $186,614
BlackSun Graphics  $33,202

Total Liability of  $349,364NEITHER THESE  SECURITIES  NOR THE  SECURITIES  INTO WHICH THESE  SECURITIES ARE
EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE  COMMISSION OR
THE  SECURITIES  COMMISSION  OF ANY STATE IN  RELIANCE  UPON AN  EXEMPTION  FROM
REGISTRATION  UNDER SECURITIES ACT OF 1933, AS AMENDED (THE  "SECURITIES  ACT"),
AND,  ACCORDINGLY,  MAY NOT BE OFFERED OR SOLD EXCEPT  PURSUANT TO AN  EFFECTIVE
REGISTRATION  STATEMENT  UNDER THE  SECURITIES  ACT OR PURSUANT TO AN  AVAILABLE
EXEMPTION FROM THE REGISTRATION  REQUIREMENTS  THEREUNDER AND IN COMPLIANCE WITH
APPLICABLE STATE SECURITIES OR BLUE SKY LAWS.

                            STOCK PURCHASE AGREEMENT

         This stock  purchase  agreement  ("Agreement")  is made effective as of
October 21, 2000, between ACCESSPOINT  CORPORATION,  a Nevada corporation having
offices  at  38  Executive   Park  Drive,   Suite  350,   Irvine,   CA  92614  (
"Accesspoint"),  and Verve Ventures Inc., a Nevada corporation having offices at
124 32nd Street, Manhattan Beach, California, 90266 (the "Purchaser").

         1. Purchaser  agrees to purchase from  Accesspoint up to 200,000 shares
(the "Shares") of Accesspoint's Common Stock at a per share purchase price which
shall be calculated based upon the following formulas:

a)                    The  purchase  price during the first thirty days from the
                      effective date of this  Agreement  shall be One Dollar and
                      Fifty Cents ($1.50) per Share and the  Purchaser  shall be
                      entitled  to purchase  up the entire  available  amount of
                      200,000  Shares in block purchase  commitments  equaling a
                      minimum of One Hundred  Thousand  dollars  ($100,000)  per
                      purchase  or  $300,000  in the  aggregate  (the  "Purchase
                      Price").

b)                    During  the  period  between  thirty  one (31) days and
                      sixty (60) days from the effective  date of this Agreement
                      the Purchaser  shall be entitled to purchase the remaining
                      balance,  if any, of  available  Shares at the lesser rate
                      of;  i) 50% of  the  average  of  the  closing  prices  of
                      Accesspoint's  shares of Common Stock as quoted on the OTC
                      Bulletin  Board (the  "OTCBB")  (or on such  other  United
                      States stock  exchange or public  trading  market on which
                      the  shares  of the  Accesspoint  trade if, at the time of
                      purchase, they are not trading on the OTCBB) for the three
                      (3)  consecutive  trading days  immediately  preceding the
                      date  Purchaser  acquires  Shares  hereunder  or;  ii) Two
                      Dollars  and Twenty Five cents  ($2.25) per Share.  In any
                      event  at no time  shall  the  purchaser  be  entitled  to
                      purchase  Shares  below  the floor  purchase  price of One
                      Dollar and Fifty Cents ($1.50) per Share

c)                    During  the  period  between  (61)  days and (90)  days
                      from the  effective  date of this  Agreement the Purchaser
                      may be entitled to purchase the remaining balance, if any,
                      of  available  Shares at the lesser rate of; i) 50% of the
                      average of the closing prices of  Accesspoint's  shares of
                      Common  Stock as quoted  on the OTC  Bulletin  Board  (the
                      "OTCBB") (or on such other United States stock exchange or
                      public   trading   market  on  which  the  shares  of  the
                      Accesspoint  trade if, at the time of  purchase,  they are
                      not  trading on the  OTCBB) for the three (3)  consecutive
                      trading  days  immediately  preceding  the date  Purchaser
                      acquires  Shares  hereunder or; ii) Five Dollars and Fifty
                      Cents ($5.50) per Share. In any event at no time shall the
                      purchaser  be entitled to purchase  Shares below the floor
                      purchase  price of One Dollar and Fifty Cents  ($1.50) per
                      Share.

d)                    The Purchaser understands and agrees that during the above
                      period ("c")  Accesspoint in its sole discretion  reserves
                      the right to accept or reject  this  subscription  for the
                      Shares,  in  whole or in part,  prior  to  receipt  by the
                      Accesspoint  of the  purchase  price,  or  any  applicable
                      portion thereof herein.

         1.2      COVENANT OF BEST  EFFORTS.  The  Purchaser  agrees to use its
best efforts to purchase the Shares in accordance with the above schedule.

                                      -1-

<PAGE>

         2. Accesspoint is a duly organized Nevada corporation.  The Articles of
Incorporation  of  Accesspoint  were  filed on June  16,  1997.  Accesspoint  is
authorized by its Articles of Incorporation to issue up to 25,000,000  shares of
common voting stock.

         3. Neither Accesspoint nor any of its officers,  directors,  employees,
agents or  representatives  have made any representation or statement of opinion
regarding the value of  Accesspoint  or the Shares,  Purchaser is purchasing the
Shares purely on a speculative  basis and confirms that Purchaser has been given
no reason to believe that  Purchaser  will receive any return on the purchase of
Shares.

         4.  Purchaser  has offered to purchase  the number of Shares at a price
per share as set forth  herein.  The purchase  price shall be payable in cash or
cash equivalent representing  immediately available funds to the satisfaction of
Accesspoint. Purchaser shall pay the purchase price prior to the issuance of the
Shares.  The  Shares  may  be  sold  from  authorized  but  unissued  shares  of
Accesspoint,  treasury  shares  held by  Accesspoint,  or shares held by a third
party for the benefit of Accesspoint.

         5. Purchaser  understands that Purchaser must bear the economic risk of
the  investment  for an  indefinite  period of time  because  the Shares will be
restricted and no public market will exist for the Shares. Purchaser understands
the  speculative  nature of investment in Accesspoint  and that Purchaser  could
lose Purchaser's entire purchase price payment.

         6.  Purchaser  represents  that  it  has  been  called  to  Purchaser's
attention that Purchaser's  proposed  investment in Accesspoint  involves a high
degree  of risk  which  may  result  in the  loss of the  total  amount  of that
investment.

         7.  Purchaser  acknowledges  that  Accesspoint  has made  available  to
Purchaser or Purchaser's personal advisors the opportunity to obtain any and all
information required to evaluate the merits and risks of purchase of the shares,
The  Accesspoint  has, prior to the sale of the Shares,  accorded  Purchaser and
Purchaser's representative, if any, the opportunity to ask questions and receive
answers  concerning  the terms and  conditions  of the proposed  purchase and to
obtain any additional  information necessary to evaluate the merits and risks of
the purchase.

         8.  Purchaser and (if  applicable)  Purchaser's  personal  advisors and
representatives  have  had an  opportunity  to  ask  questions  of  and  receive
satisfactory  answers  from  Accesspoint,  or any  person or  persons  acting on
Accesspoint's  behalf,  concerning  the  terms  and  conditions  of  Purchaser's
proposed investment in Accesspoint, and all such questions have been answered to
the complete satisfaction of Purchaser.

         9.  Purchaser  acknowledges that a subsidiary of Accesspoint,  Process-
ing Source International, Inc. ("PSI"), and certain officers of PSI, are subject
to a  stipulated  judgment  and  permanent  injunction  in an  action  captioned
CARDSERVICE  INTERNATIONAL,  INC. V. MICHAEL ERMI, ALBETT URCUYO, AND PROCESSING
SOURCE  INTERNATIONAL,  ET al., filed as case number BC205489 in Superior Court,
Los Angeles County, California.

         10.  Purchaser  represents  that  all of the  information  provided  by
Purchaser  or  Purchaser's  representatives  to  Accesspoint  is true,  correct,
accurate and current and that  Purchaser  is not subject to backup  withholding.
Purchaser  specifically  represents that all of the information  provided on the
Signature Page and Questionnaire which is attached hereto,  incorporated herein,
and made a part hereof, is true, correct, accurate and current.

         11. The personal, business and financial information of Purchaser which
may have been provided to Accesspoint,  if any, and in any form, is complete and
accurate, and presents a true statement of Purchaser's financial condition.

         12.  Purchaser has adequate means of providing for Purchaser's  current
needs and possible  personal  contingencies,  and  Purchaser  has no need in the
foreseeable  future to sell the Shares for which  Purchaser  hereby  subscribes.
Purchaser is able to bear the economic risks of  Purchaser's  purchase of Shares
and, consequently,  without limiting the generality of the foregoing,  Purchaser
is able to hold  Purchaser's  Shares  for an  indefinite  period

                                      -2-

<PAGE>

of  time,  and  Purchaser  has a  sufficient  net  worth  to  sustain  a loss of
Purchaser's  entire  investment  in  Accesspoint  in the event such loss  should
occur.

         13.      If Purchaser is an individual, Purchaser is 18 years of age or
older.

         14.      Purchaser   understands   that  the  Shares  will  not  be
transferable   except  under  limited circumstances.

         15.  Purchaser is acquiring the Shares for  Purchaser's own account for
investment  with no present  intention  of dividing  Purchaser's  interest  with
others or of reselling or otherwise disposing of all or any portion of the same.
Purchaser shall not engage in a distribution of the Shares.

         16.  Purchaser  has such  knowledge  and  experience  in financial  and
business matters that Purchaser is capable of evaluating the merits and risks of
an  investment  in  Accesspoint  or(if  applicable)  Purchaser  and  Purchaser's
Representative,  together,  have such  knowledge and experience in financial and
business  matters that Purchaser and Purchaser's  Purchaser  Representative  are
capable of  evaluating  the merits and risks of the  Prospective  investment  in
Accesspoint.

         17. The  Shares  will be  acquired  for  Purchaser's  own  account  for
investment  in a manner  which  would not require  registration  pursuant to the
provisions of the Act, as amended, and Purchaser does not now have any reason to
anticipate any change in Purchaser's  circumstances or other particular occasion
or event which would cause Purchaser to sell or otherwise dispose of the Shares.

         18.      Purchaser  understands  that the  Commissioner of Corporations
for the State of California or any other state  ("Commissioner") has not or will
not recommend or endorse a purchase of the Shares.

         19.  Purchaser hereby  represents and warrants that  Purchaser's  total
purchase of Shares shall not exceed 10% of Purchaser's  net worth  (exclusive of
principal residence, mortgage thereon, home furnishings and automobiles).

         20. Purchaser: (i) has a pre-existing personal or business relationship
with Accesspoint,  its officers, directors or its Affiliates or representatives,
AND (ii) meets those certain standards  involving  Purchaser's minimum net worth
and annual income as established by the California  Commissioner of Corporations
relating to Purchaser's  income and net worth,  or is an Accredited  Investor as
defined in rule 501 (a) of Regulation D as  promulgated  by the  Securities  and
Exchange  Commission.  The  foregoing  income and net worth is  considered to be
indicative of  Purchaser's  ability to be  sophisticated  regarding the proposed
purchase of shares.

         21.      Purchaser is not a member of the NASD or other self-regulatory
agency which would require prior approval of a purchase of the shares.

         22. Purchaser  acknowledges that Purchaser  understands the meaning and
legal consequences of the representations,  warranties,  and covenants set forth
herein, and that Accesspoint has relied on such representations,  warranties and
covenants.

         23.  Purchaser  acknowledges  and  understands  that the Shares will be
subject to transfer and sale  restrictions  imposed  pursuant to SEC Rule 144 of
the  Rules  promulgated  under  the  Securities  Act of  1933  ("Act")  and  the
regulations  promulgated  thereunder.  Purchaser  shall comply with Rule 144 and
with all policies and procedures  established by Accesspoint with regard to Rule
144  matters.  Purchaser  acknowledged  that  Accesspoint  or its  attorneys  or
transfer  agent  may  require  a  restrictive   legend  on  the  certificate  or
certificates representing the Shares pursuant to the restrictions on transfer of
the Shares imposed by Rule 144.

         24.  Notwithstanding  anything in this  Agreement to the contrary,  the
undersigned  Acknowledges  that: (i) the Shares are subject to  restrictions  on
transfer  or sale  imposed  pursuant  to Rule  144;  (ii) the  Shares  are being
purchased in a private  transaction  which is not part of a distribution  of the
Shares;  (iii) the undersigned intends to hold the Shares for the account of the
undersigned  and does not intend to sell the shares as a part of a  distribution
or otherwise;  and (iv) neither the  undersigned nor the seller of the Shares is
an  underwriter  for  purposes  of  Rule  144.  A  legend   regarding  Rule  144
restrictions  may be placed upon the  certificate  evidencing  ownership  of the
Shares.

                                      -3-

<PAGE>

         25.  PIGGY-BACK  REGISTRATIONS.  If Accesspoint  shall prepare and file
with the SEC within one (1) year after the  effective  date of this  Agreement a
registration  statement  relating  to an  offering  for its own  account  or the
account of others  under the  Securities  Act of any of its  equity  securities,
other  than on Form S-4 or Form S-8 (each as  promulgated  under the  Securities
Act) or their then equivalents relating to equity securities to be issued solely
in  connection  with  any  acquisition  of any  entity  or  business  or  equity
securities  issuable in connection  with stock option or other employee  benefit
plans,  then  the  Company  shall  send  to  Purchaser  written  notice  of such
determination  and,  if within  twenty (20) days after  receipt of such  notice,
Purchaser shall so request in writing,  Accesspoint shall commence to include in
such  registration  statement all or any part of the Shares such holder requests
to be registered,  subject to the  cooperation of Purchaser as set forth herein.
If any registration of Accesspoint  pursuant to this Section is for a registered
public  offering   involving  an   underwriting,   the  right  of  Purchaser  to
registration  shall be conditioned upon Purchaser  entering into an underwriting
agreement,  and/or  such other  agreements  as may be  reasonably  required,  in
customary forms with the  representatives of the underwriters or underwriters or
other parties.  Purchaser  shall timely pay all  registration  fees and blue sky
fees pertaining to the  registration or qualification of the Shares of Purchaser
proposed to be registered hereunder.  Purchaser shall cooperate with Accesspoint
(and underwriters,  representatives of the underwriters,  and other parties,  if
any) and promptly  provide  Accesspoint  with reasonably  required  information,
including,  but  not  limited  to  information  regarding  Purchaser's  plan  of
distribution pertaining to the Shares.  Purchaser shall further promptly provide
Accesspoint with such information and promptly execute,  acknowledge and deliver
such instruments and documents as Accesspoint may reasonably  require to include
the Shares in any such registration statement.  The obligation of Accesspoint to
provide piggy back registration rights hereunder shall be expressly  conditioned
upon  Purchaser  timely  paying fees,  cooperating  with  Accesspoint  and other
parties,  promptly providing  information,  and/or executing,  acknowledging and
delivering instruments or documents as set forth herein.

         26.  Purchaser  understands and agrees that the following  restrictions
and limitations are applicable to Purchaser's  purchase and any sale,  transfer,
assignment,  pledge,  hypothecation  or other  disposition of Shares pursuant to
Section 4(2) of the Act and Regulation D promulgated pursuant thereto:

         26.1.  Purchaser  agrees that  notwithstanding  any other  restrictions
placed on the sale or transfer of the Shares  pursuant to this  Agreement,  Rule
144,  or  otherwise,  the Shares  shall not be sold,  pledged,  hypothecated  or
otherwise  disposed of unless the Shares are registered  pursuant to the Act and
applicable state securities laws or are exempt therefrom; and

         26.2.    A legend  in  substantially  the following  form may be placed
on any  certificate(s)  or other documents evidencing the Shares:

         THE  SECURITIES  REPRESENTED  BY THIS  INSTRUMENT OR DOCUMENT HAVE BEEN
         ACQUIRED FOR INVESTMENT ONLY AND HAVE NOT BEEN  REGISTERED  PURSUANT TO
         THE PROVISIONS OF THE SECURITIES  ACT OF 1933 AS AMENDED  ("ACT"),  AND
         HAVE BEEN  OFFEREDAND  SOLD IN RELIANCE UPON THE EXEMPTION SET FORTH IN
         SECTIONS  4(1) OR 4(2) OF THE ACT AND  UPON  RULE 504 OF  REGULATION  D
         PROMULGATED   PURSUANT  THERETO.   WITHOUT  SUCH   REGISTRATION,   SUCH
         SECURITIES   MAY  NOT  BE   SOLD,   TRANSFERRED,   ASSIGNED,   PLEDGED,
         HYPOTHECATED  OR  OTHERWISE   DISPOSED  OF,  EXCEPT  UPON  DELIVERY  TO
         ACCESSPOINT OF AN OPINION OF COUNSEL  SATISFACTORY TO ACCESSPOINT  THAT
         REGISTRATION  IS NOT REQUIRED FOR SUCH  TRANSFER OR THE  SUBMISSION  TO
         ACCESSPOINT  OF  SUCH  OTHER  EVIDENCE  AS  MAY  BE   SATISFACTORY   TO
         ACCESSPOINT  TO THE  EFFECT  THAT ANY  SUCH  TRANSFER  SHALL  NOT BE IN
         VIOLATION OF THE ACT,  APPLICABLE  STATE SECURITIES LAWS OR ANY RULE OR
         REGULATION PROMULGATED THEREUNDER.

         27. Purchaser may not cancel,  terminate,  or revoke this Agreement, or
any agreement of Purchaser made hereunder,  and this Agreement shall survive the
death,  dissolution,  or  disability  of Purchaser and shall be binding upon the
heirs, executors, administrators, successors and assigns of Purchaser.

                                      -4-

<PAGE>

         28. This Agreement  constitutes the entire  agreement among the parties
hereto with  respect to the subject  matter  hereof and may be amended only by a
writing executed by all parties hereto.

         29. This  Agreement  shall be enforced,  governed and  construed in all
respects in accordance  with the laws of the State of California  without giving
effect to the  conflicts of laws  provisions.  Purchaser  hereby agrees that any
suit, action or proceeding with respect to this Agreement, any amendments or any
replacements  hereof,  and any transactions  relating hereto shall be brought in
the state  courts of, or the  federal  courts in, the State of  California,  and
Purchaser  hereby  irrevocably  consents and submits to the jurisdiction of such
courts for the purpose of any such suit,  action or  proceeding,  and  Purchaser
agrees that service of process on Purchaser in such suit,  action or  proceeding
may be made In accordance with the notice  provisions of this Agreement,  In any
such action, venue shall lie exclusively in Orange County, California. Purchaser
hereby waives,  and agrees not to assert against  Accesspoint,  or any successor
assignee thereof, by way of motion, as a defense or otherwise, in any such suit,
action or proceeding,  (i) any claim that Purchaser is not personally subject to
the jurisdiction of the above-named  courts or that property is exempt or immune
from set-off,  execution or attachment  either prior to judgment or in execution
thereof, and (ii) to the extent permitted by applicable law, any claim that such
suit, action or proceeding is brought in an inconvenient forum or that the venue
of suit,  action  or  proceeding  is  improper  or that  this  Agreement  or any
amendments or any replacements hereof may not be enforced in, or by such courts.

         THE SHARES OFFERED HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE "ACT"), OR THE SECURITIES LAWS OF CERTAIN STATES,  AND ARE
BEING  OFFERED  AND SOLD IN  RELIANCE  ON AN  EXEMPTION  FROM  THE  REGISTRATION
REQUIREMENTS  OF THE ACT AND SUCH LAWS.  THE SHARES  HAVE NOT BEEN  APPROVED  OR
DISAPPROVED  BY THE  SECURITIES AND EXCHANGE  COMMISSION,  ANY STATE  SECURITIES
COMMISSION OR OTHER REGULATORY AUTHORITY.

         PURCHASERS MAY BE REQUIRED TO HOLD THE SHARES  INDEFINITELY UNLESS SUCH
SHARES ARE SUBSEQUENTLY REGISTERED UNDER THE SECURITIES ACTOF 1933 ("ACT") OR AN
EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.  NO SHARES MAY BE SOLD,  ASSIGNED
OR OTHERWISE  TRANSFERRED UNLESS ACCESSPOINT AND ITS LEGAL COUNSEL HAVE RECEIVED
EVIDENCE  SATISFACTORY TO BOTH THAT SUCH TRANSFER DOES NOT INVOLVE A TRANSACTION
REQUIRING  QUALIFICATION OR REGISTRATION  UNDER STATE OR FEDERAL SECURITIES LAWS
AND IS IN COMPLIANCE WITH SUCH LAWS.

         IN WITNESS WHEREOF, Purchaser has provided the foregoing warranties and
undertaken  the  foregoing  obligations  and  the  parties  have  executed  this
Agreement effective as of the date first set forth above.

                                   ACCESSPOINT

                                   Accesspoint Corporation, a Nevada corporation

                                   By:      /s/ TOM M. DJOKOVICH
                                            ------------------------------------
                                            Tom M. Djokovich,
                                            Chief Executive Officer

                                   PURCHASER

                                   By:      /s/ VERVE VENTURES
                                            ------------------------------------
                                            Verve Ventures

                                      -5-

<PAGE>

           SIGNATURE PAGE AND QUESTIONAIRE TO STOCK PURCHASE AGREEMENT
              DATED OCTOBER 21, 2000, AMONG ACCESSPOINT CORPORTION
                        AND THE SUBSCRIBER(S) NAMED BELOW

         If  applicable,  the  undersigned  further  represents  and warrants as
indicated below by the undersigned's initials:

I.       ACCREDITED INVESTOR STATUS

         A.       INDIVIDUAL INVESTORS:  (Initial one or more of the following
                  three statements)

                  1.       ____  I  certify  that  I am an  accredited  investor
                           because I have had  individual  income  (exclusive of
                           any  income   earned  by  my  spouse)  of  more  than
                           US$200,000 in each of the most recent two years and I
                           reasonably  expect  to have an  individual  income in
                           excess of US$200,000 for the current year.

                  2.       ____  I  certify  that  I am an  accredited  investor
                           because  I have had  joint  income  with my spouse in
                           excess of  US$300,000  in each of the two most recent
                           years and I  reasonably  expect to have joint  income
                           with my spouse in excess of $300,000  for the current
                           year.

                  3.       ____  I  certify  that  I am an  accredited  investor
                           because I have an individual net worth,  or my spouse
                           and  I  have  a  joint  net   worth,   in  excess  of
                           US$1,000,000.

         B.       PARTNERSHIPS, CORPORATIONS, TRUSTS OR OTHER ENTITIES:
                  (Initial one of the following statements)

                  1.       The undersigned hereby certifies that it is an
                           accredited investor because it is:

________          a.       an employee benefit plan whose total assets exceed
                           US$5,000,000;

________          b.       an employee benefit plan whose  investment  decisions
                           are made by a plan fiduciary which is either a bank,
                           savings and loan  association or an insurance company
                           (as defined  in  Section  3(a)  of the  Securities
                           Act) or an  investment  adviser registered as such
                           under the Investment Advisers Acts of 1940;

________          c.       a  self-directed  employee  benefit plan,  including
                           an Individual  Retirement  Account, with investment
                           decisions made solely by persons that are accredited
                           investors;

________          d.       an  organization  described in Section  501(c)(3) of
                           the Internal  Revenue Code of 1986, as amended (the
                           "IRC"),  not formed for the specific  purpose of
                           acquiring  the Shares with total assets in excess of
                           US$5,000,000;

________          e.       any  corporation,  partnership or  Massachusetts  or
                           similar  business trust, not formed for the specific
                           purpose of acquiring the Shares, with total assets in
                           excess of US$5,000,000; or

________          f.       a trust with total assets in excess of  US$5,000,000,
                           not  formed  for the  specific purpose of acquiring
                           the Shares,  whose  purchase is directed by a person
                           who has such knowledge and experience in financial
                           and business matters that he is capable of evaluating
                           the merits and risks of an investment in the Shares.

                  2.       The  undersigned  hereby  certifies  that  it  is  an
                           accredited  investor because it is an entity in which
                           each of the equity owners  qualifies as an accredited
                           investor  under items  A(1),  (2) or (3) or item B(1)
                           above.

                                      -6-

<PAGE>

                  3.  INDEMNIFICATION.  The undersigned  agrees,  to the fullest
extent  permitted  pursuant  to law, to  indemnify,  defend,  and hold  harmless
Accesspoint  Corporation and its agents,  representatives and employees from and
against all liability,  damage,  loss,  cost and expense  (including  reasonable
attorneys'  fees)  which  they  may  incur  by  reason  of  the  failure  of the
undersigned  to fulfill  any of the terms or  conditions  of the Stock  Purchase
Agreement  or  this  Signatory  Page  and  Questionnaire,  or by  reason  of any
inaccuracy or omission in the information furnished by the undersigned herein or
any breach of the  representations and warranties made by the undersigned herein
or in  connection  with  the  Memorandum,  or in any  document  provided  by the
undersigned, directly or indirectly, to Accesspoint Corporation.

                  4. RULE 144. Notwithstanding anything in this Agreement to the
contrary,  the  undersigned  Acknowledges  that:  (i) the Shares are  subject to
restrictions on transfer or sale imposed pursuant to Rule 144 promulgated  under
the  Securities  Act of 1933;  (ii) the Shares are being  purchased in a private
transaction  which  is not  part of a  distribution  of the  Shares;  (iii)  the
undersigned  intends to hold the Shares for the account of the  undersigned  and
does not intend to sell the shares as a part of a distribution or otherwise; and
(iv) neither the  undersigned or the seller of the Shares is an underwriter  for
purposes of Rule 144. A legend  regarding  Rule 144  restrictions  may be placed
upon the certificate evidencing ownership of the Shares.

                  5.  STOCK   PURCHASE   AGREEMENT.   This  Signatory  Page  and
Questionnaire is a part of that certain Stock Purchase  Agreement by and between
the   undersigned  and   Accesspoint   Corporation.   This  Signatory  Page  and
Questionnaire  is incorporated  by reference into the Stock Purchase  Agreement,
and the  Stock  Purchase  Agreement  is  incorporated  by  reference  into  this
Signatory Page and Questionnaire.

                  IN WITNESS WHEREOF,  the Investor has executed this Securities
Purchase Agreement this 21st day of October, 2000.

                  If the Investor is a PARTNERSHIP, CORPORATION or TRUST:

Verve Ventures
------------------------------------------------
Name of Partnership,
Corporation or Trust

October 21, 2000
---------------------------------
Date

                                      -7-

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