Document:

<PAGE>

                              TRANSFER AGREEMENT

                                    between

                     CONSECO FINANCE SECURITIZATIONS CORP.

                                   Purchaser

                                      and

                             CONSECO FINANCE CORP.

                                    Seller

                                  dated as of

                                October 1, 2000
<PAGE>

                               TABLE OF CONTENTS

<TABLE>
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                                                                                             Page
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ARTICLE I - DEFINITIONS....................................................................     1
     SECTION 1.1.    General...............................................................     1
     SECTION 1.2.    Specific Terms........................................................     1
     SECTION 1.3.    Usage of Terms........................................................     3
     SECTION 1.4.    No Recourse...........................................................     3

ARTICLE II - CONVEYANCE OF THE INITIAL AND ADDITIONAL LOANS AND THE INITIAL
             OTHER CONVEYED PROPERTY.......................................................     3
     SECTION 2.1.    Conveyance of the Initial and Additional Loans and the
                     Initial Other Conveyed Property.......................................     3
     SECTION 2.2.    Purchase Price of Initial and Additional Loans........................     4
     SECTION 2.3.    Conveyance of Subsequent Loans and Subsequent Other
                     Conveyed Property.....................................................     4

ARTICLE III - REPRESENTATIONS AND WARRANTIES...............................................     5
     SECTION 3.1.    Representations and Warranties of CFC.................................     5
     SECTION 3.2.    Representations and Warranties of CFSC................................     7

ARTICLE IV - COVENANTS OF CFC..............................................................     9
     SECTION 4.1.    Transfer of Loans.....................................................     9
     SECTION 4.2.    Costs and Expenses....................................................     9
     SECTION 4.3.    Indemnification.......................................................     9

ARTICLE V - REPURCHASES....................................................................    10
     SECTION 5.1.    Repurchase of Loans Upon Breach of Warranty...........................    10
     SECTION 5.2.    Reassignment of Purchased Loans.......................................    10
     SECTION 5.3.    Waivers...............................................................    11

ARTICLE VI - MISCELLANEOUS.................................................................    11
     SECTION 6.1.    Liability of CFC......................................................    11
     SECTION 6.2.    Merger or Consolidation of CFC or CFSC................................    11
     SECTION 6.3.    Limitation on Liability of CFC and Others.............................    12
     SECTION 6.4.    Amendment.............................................................    12
     SECTION 6.5.    Notices...............................................................    13
     SECTION 6.6.    Merger and Integration................................................    13
     SECTION 6.7.    Severability of Provisions............................................    13
     SECTION 6.8.    Intention of the Parties..............................................    13
     SECTION 6.9.    Governing Law.........................................................    13
     SECTION 6.10.   Counterparts..........................................................    14
     SECTION 6.11.   Conveyance of the Initial and Additional Loans and the
                     Initial Other Conveyed Property to the Trust..........................    14
     SECTION 6.12.   Nonpetition Covenant..................................................    14
</TABLE>

                                       i
<PAGE>

                                   SCHEDULES

Schedule A - Schedule of Initial and Additional Loans

                                   EXHIBITS

Exhibit A - Form of Subsequent Transfer Agreement

                                      ii
<PAGE>

                              TRANSFER AGREEMENT
                              ------------------

          THIS TRANSFER AGREEMENT, dated as of October 1, 2000, executed between
Conseco Finance Securitizations Corp., a Minnesota corporation, as purchaser
("CFSC"), and Conseco Finance Corp., a Delaware corporation, as seller ("CFC").

                             W I T N E S S E T H:
                             - - - - - - - - - -

          WHEREAS, CFSC has agreed to purchase from CFC and CFC, pursuant to
this Agreement, is transferring to CFSC the home equity loans specified in the
Schedule of Initial and Additional Loans attached hereto as Schedule A (the
"Initial and Additional Loans") and the Initial Other Conveyed Property; and

          WHEREAS, CFSC has agreed to purchase from CFC, and CFC has agreed to
transfer to CFSC, the Subsequent Loans and Subsequent Other Conveyed Property,
in an amount set forth herein, prior to January 12, 2001.

          NOW, THEREFORE, in consideration of the premises and the mutual
agreements hereinafter contained, and for other good and valuable consideration,
the receipt of which is acknowledged, CFSC and CFC, intending to be legally
bound, hereby agree as follows:

                                   ARTICLE I
                                  DEFINITIONS

          SECTION 1.1.   General. The specific terms defined in this Article
                         -------
include the plural as well as the singular. The words "herein," "hereof" and
"hereunder" and other words of similar import refer to this Agreement as a whole
and not to any particular Article, Section or other subdivision, and Article,
Section, Schedule and Exhibit references, unless otherwise specified, refer to
Articles and Sections of and Schedules and Exhibits to this Agreement.
Capitalized terms used herein without definition shall have the respective
meanings assigned to such terms in the Pooling and Servicing Agreement, dated as
of October 1, 2000, by and among Conseco Finance Securitizations Corp. (as
Seller), Conseco Finance Corp. (as Originator and Servicer), and U.S. Bank Trust
National Association, as Trustee (the "Trustee") pertaining to the Trust (as
defined herein).

          SECTION 1.2.   Specific Terms. Whenever used in this Agreement, the
                         --------------
following words and phrases, unless the context otherwise requires, shall have
the following meanings:

          "Agreement" shall mean this Transfer Agreement and all amendments
           ---------
hereof and supplements hereto.

          "Closing Date" means October 31, 2000.
           ------------

          "Initial and Additional Loans" means the closed-end home equity loans
           ----------------------------
identified on the Schedule of Initial and Additional Loans attached hereto as
Schedule A, including without
<PAGE>

limitation all related mortgages, deeds of trust and security deeds and any and
all rights to receive payments due pursuant thereto after the Cut-off Date.

          "Initial Other Conveyed Property" means (i) all rights under any
           -------------------------------
hazard, flood or other individual insurance policy on the real estate securing
each Initial and Additional Loan for the benefit of the creditor of such Loan,
(ii) all rights CFC may have against the originating lender with respect to each
Initial and Additional Loan originated by a lender other than CFC, (iii) all
rights under the Errors and Omissions Protection Policy and the Fidelity Bond as
such policy and bond relate to the Initial and Additional Loans, (iv) all rights
under any title insurance policies, if applicable, on any of the properties
securing Initial and Additional Loans, and (v) proceeds and products of the
foregoing.

          "Other Conveyed Property" means the Initial Other Conveyed Property
           -----------------------
conveyed by CFC to CFSC pursuant to this Agreement together with any and all
Subsequent Other Conveyed Property conveyed by CFC to CFSC pursuant to each
Subsequent Transfer Agreement.

          "Pooling and Servicing Agreement" means the Pooling and Servicing
           -------------------------------
Agreement, dated as of October 1, 2000, executed and delivered by Conseco
Finance Corp., as Originator and Servicer, Conseco Finance Securitizations
Corp., as Seller, and the Trustee pertaining to the Trust.

          "Related Documents" means the Certificates, the Pooling and Servicing
           -----------------
Agreement, each Subsequent Transfer Agreement and the Underwriting Agreement
among CFC, CFSC and the underwriters of the Certificates and the Insurance
Agreement. The Related Documents to be executed by any party are referred to
herein as "such party's Related Documents," "its Related Documents" or by a
similar expression.

          "Repurchase Event" means the occurrence of a breach of any of CFC's
           ----------------
representations and warranties hereunder or under any Subsequent Transfer
Agreement or any other event which requires the repurchase of a Loan by CFC
under the Pooling and Servicing Agreement.

          "Schedule of Initial and Additional Loans" means the schedule of all
           ----------------------------------------
Loans sold and transferred pursuant to this Agreement which is attached hereto
as Schedule A.

          "Schedule of Loans" means the Schedule of Initial and Additional Loans
           -----------------
attached hereto as Schedule A as supplemented by each Schedule of Subsequent
Loans attached to each Subsequent Transfer Agreement as Schedule A.

          "Schedule of Subsequent Loans" means the schedule of all Loans sold
           ----------------------------
and transferred pursuant to a Subsequent Transfer Agreement which is attached to
such Subsequent Transfer Agreement as Schedule A, which Schedule of Subsequent
Loans shall supplement the Schedule of Initial and Additional Loans.

          "Subsequent Loans" means the Loans specified in the Schedule of
           ----------------
Subsequent Loans attached as Schedule A to each Subsequent Transfer Agreement.

                                       2
<PAGE>

          "Subsequent Other Conveyed Property" means the Subsequent Other
           ----------------------------------
Conveyed Property conveyed by CFC to CFSC pursuant to each Subsequent Transfer
Agreement.

          "Subsequent Transfer Agreement" shall have the meaning given in
           -----------------------------
Section 2.3(b)(iii).

          "Trust" means the trust created by the Pooling and Servicing Agreement
           -----
known as Conseco Finance Home Equity Loan Trust 2000-F, the estate of which
consists of the Trust Fund.

          "Trust Fund" means the property and proceeds of every description
           ----------
conveyed by CFSC to the Trustee pursuant to the Pooling and Servicing Agreement
and pursuant to any Subsequent Transfer Instrument, together with the
Certificate Account and any Capitalized Interest Account and Pre-Funding Account
(including all investments of the Certificate Account and all proceeds
therefrom).

          "Trustee" means U.S. Bank Trust National Association, a national
           -------
banking association organized and existing under the laws of the United States,
not in its individual capacity but solely as trustee of the Trust, and any
successor trustee appointed and acting pursuant to the Pooling and Servicing
Agreement.

          SECTION 1.3.   Usage of Terms. With respect to all terms used in this
                         --------------
Agreement, the singular includes the plural and the plural the singular; words
importing any gender include the other gender; references to "writing" include
printing, typing, lithography, and other means of reproducing words in a visible
form; references to agreements and other contractual instruments include all
subsequent amendments thereto or changes therein entered into in accordance with
their respective terms and not prohibited by this Agreement or the Pooling and
Servicing Agreement; references to Persons include their permitted successors
and assigns; and the terms "include" or "including" mean "include without
limitation" or "including without limitation."

          SECTION 1.4.   No Recourse. Without limiting the obligations of CFC
                         -----------
hereunder, no recourse may be taken, directly or indirectly, under this
Agreement or any certificate or other writing delivered in connection herewith
or therewith, against any stockholder, officer or director, as such, of CFC, or
of any predecessor or successor of CFC.

                                  ARTICLE II
                CONVEYANCE OF THE INITIAL AND ADDITIONAL LOANS
                    AND THE INITIAL OTHER CONVEYED PROPERTY

          SECTION 2.1.   Conveyance of the Initial and Additional Loans and the
                         ------------------------------------------------------
Initial Other Conveyed Property. Subject to the terms and conditions of this
-------------------------------
Agreement, CFC hereby sells, transfers, assigns, and otherwise conveys to CFSC
without recourse (but without limitation of its obligations in this Agreement or
in the Pooling and Servicing Agreement), and CFSC hereby purchases, all right,
title and interest of CFC in and to the Initial and Additional Loans and the
Initial Other Conveyed Property. It is the intention of CFC and CFSC that the
transfer and assignment contemplated by this Agreement shall constitute a sale
of the Initial and Additional Loans and the Initial Other Conveyed Property from
CFC to CFSC, conveying good

                                       3
<PAGE>

title thereto free and clear of any Liens, and the Initial and Additional Loans
and the Initial Other Conveyed Property shall not be part of CFC's estate in the
event of the filing of a bankruptcy petition by or against CFC under any
bankruptcy or similar law.

          SECTION 2.2.   Purchase Price of Initial and Additional Loans.
                         ----------------------------------------------
Simultaneously with the conveyance of the Initial and Additional Loans and the
Initial Other Conveyed Property to CFSC, CFSC has (a) paid or caused to be paid
to or upon the order of CFC approximately $879,882,000 by wire transfer of
immediately available funds (representing the proceeds to CFSC from the sale of
the Initial and Additional Loans after (i) deducting expenses incurred by CFSC
in connection with such sale and (ii) depositing the Pre-Funded Amount in the
Pre-Funding Account and $0.00 in the Capitalized Interest Account); and (b)
delivering to CFC, or its designee, the Class B-2 Certificates and Class C
Certificate.

          SECTION 2.3.   Conveyance of Subsequent Loans and Subsequent Other
                         ---------------------------------------------------
Conveyed Property.
-----------------

          (a)  Subject to the conditions set forth in paragraph (b) below and
     the terms and conditions in the related Subsequent Transfer Agreement, in
     consideration of CFSC's delivery on the related Subsequent Transfer Date to
     or upon the order of CFC of an amount equal to the purchase price of the
     Subsequent Loans (as set forth in the related Subsequent Transfer
     Agreement), CFC hereby agrees to sell, transfer, assign, and otherwise
     convey to CFSC without recourse (but without limitation of its obligations
     in this Agreement and the related Subsequent Transfer Agreement), and CFSC
     hereby agrees to purchase all right, title and interest of CFC in and to
     the Subsequent Loans and the Subsequent Other Conveyed Property described
     in the related Subsequent Transfer Agreement.

          (b)  CFC shall transfer to CFSC, and CFSC shall acquire, the
     Subsequent Loans and the Subsequent Other Conveyed Property to be
     transferred on any Subsequent Transfer Date only upon the satisfaction of
     each of the following conditions on or prior to such Subsequent Transfer
     Date:

               (i)    CFSC shall have provided the Trustee and the Rating
          Agencies with an Addition Notice at least five Business Days prior to
          the Subsequent Transfer Date and shall have provided any information
          reasonably requested by the Trustee with respect to the Subsequent
          Loans;

               (ii)   CFC shall have delivered the related Loan File for each
          Subsequent Loan to the Trustee at least two Business Days prior to the
          Subsequent Transfer Date;

               (iii)  CFC shall have delivered to CFSC a duly executed
          Subsequent Transfer Agreement substantially in the form of Exhibit A
          hereto (the "Subsequent Transfer Agreement"), which shall include a
          List of Loans identifying the related Subsequent Loans;

               (iv)   as of each Subsequent Transfer Date, as evidenced by
          delivery of the Subsequent Transfer Agreement, neither CFC nor CFSC
          shall be insolvent nor

                                       4
<PAGE>

          shall they have been made insolvent by such transfer nor shall they be
          aware of any pending insolvency;

               (v)    such transfer shall not result in a material adverse tax
          consequence to the Trust (including the REMIC) or the
          Certificateholders or Class C Certificateholder;

               (vi)   the Pre-Funding Period shall not have ended;

               (vii)  no Subsequent Loan will have a loan-to-value greater than
          100%; and

               (viii) each other condition set forth in Section 2.03(b) and, if
          applicable, Section 2.03(c) of the Pooling and Servicing Agreement
          shall have been satisfied.

          (c)  CFC covenants to transfer to CFSC pursuant to paragraph (a) above
     Subsequent Loans with aggregate Scheduled Principal Balances of
     approximately equal to $0.00; provided, however, that the sole remedy of
                                   --------  -------
     CFSC with respect to a failure of such covenant shall be to enforce the
     provisions of Section 8.08 of the Pooling and Servicing Agreement.

                                  ARTICLE III
                        REPRESENTATIONS AND WARRANTIES

          SECTION 3.1.   Representations and Warranties of CFC. CFC makes the
                         -------------------------------------
following representations and warranties, on which CFSC relies in purchasing the
Initial and Additional Loans and the Initial Other Conveyed Property and in
transferring the Initial and Additional Loans and the Initial Other Conveyed
Property to the Trustee under the Pooling and Servicing Agreement. Such
representations are made as of the execution and delivery of this Agreement, but
shall survive the sale, transfer and assignment of the Initial and Additional
Loans and the Initial Other Conveyed Property hereunder and the sale, transfer
and assignment thereof by CFSC to the Trustee under the Pooling and Servicing
Agreement. CFC and CFSC agree that CFSC will assign to the Trustee all of CFSC's
rights under this Agreement and that the Trustee will thereafter be entitled to
enforce this Agreement against CFC in the Trustee's own name.

          (a)  Representations Regarding Loans. The representations and
               -------------------------------
     warranties set forth in Sections 3.02, 3.04 and 3.05 of the Pooling and
     Servicing Agreement are true and correct.

          (b)  Organization and Good Standing. CFC has been duly organized and
               ------------------------------
     is validly existing as a corporation in good standing under the laws of the
     State of Delaware, with power and authority to own its properties and to
     conduct its business as such properties are currently owned and such
     business is currently conducted, and had at all relevant times, and now
     has, power, authority and legal right to acquire, own and sell the Initial
     and Additional Loans and the Initial Other Conveyed Property transferred to
     CFSC.

                                       5
<PAGE>

          (c)  Due Qualification. CFC is duly qualified to do business as a
               -----------------
     foreign corporation in good standing, and has obtained all necessary
     licenses and approvals, in all jurisdictions in which the ownership or
     lease of its property or the conduct of its business requires such
     qualification.

          (d)  Power and Authority. CFC has the power and authority to execute
               -------------------
     and deliver this Agreement and its Related Documents and to carry out its
     terms and their terms, respectively; CFC has full power and authority to
     sell and assign the Initial and Additional Loans and the Initial Other
     Conveyed Property to be sold and assigned to and deposited with CFSC
     hereunder and has duly authorized such sale and assignment to CFSC by all
     necessary corporate action; and the execution, delivery and performance of
     this Agreement and CFC's Related Documents have been duly authorized by CFC
     by all necessary corporate action.

          (e)  Valid Sale; Binding Obligations. This Agreement and CFC's Related
               -------------------------------
     Documents have been duly executed and delivered; shall effect a valid sale,
     transfer and assignment of the Initial and Additional Loans and the Initial
     Other Conveyed Property, enforceable against CFC and creditors of and
     purchasers from CFC; and constitute legal, valid and binding obligations of
     CFC enforceable in accordance with their respective terms, except as
     enforceability may be limited by bankruptcy, insolvency, reorganization or
     other similar laws affecting the enforcement of creditors' rights generally
     and by equitable limitations on the availability of specific remedies,
     regardless of whether such enforceability is considered in a proceeding in
     equity or at law.

          (f)  No Violation. The consummation of the transactions contemplated
               ------------
     by this Agreement and the Related Documents and the fulfillment of the
     terms of this Agreement and the Related Documents shall not conflict with,
     result in any breach of any of the terms and provisions of or constitute
     (with or without notice, lapse of time or both) a default under, the
     certificate of incorporation or bylaws of CFC, or any indenture, agreement,
     mortgage, deed of trust or other instrument to which CFC is a party or by
     which it is bound, or result in the creation or imposition of any Lien,
     upon any of its properties pursuant to the terms of any such indenture,
     agreement, mortgage, deed of trust or other instrument, other than this
     Agreement and the Pooling and Servicing Agreement, or violate any law,
     order, rule or regulation applicable to CFC of any court or of any federal
     or state regulatory body, administrative agency or other governmental
     instrumentality having jurisdiction over CFC or any of its properties.

          (g)  No Proceedings. There are no proceedings or investigations
               --------------
     pending or, to CFC's knowledge, threatened against CFC, before any court,
     regulatory body, administrative agency or other tribunal or governmental
     instrumentality having jurisdiction over CFC or its properties (i)
     asserting the invalidity of this Agreement or any of the Related Documents,
     (ii) seeking to prevent the issuance of the Certificates or the
     consummation of any of the transactions contemplated by this Agreement or
     any of the Related Documents, (iii) seeking any determination or ruling
     that might materially and adversely affect the performance by CFC of its
     obligations under, or the validity or enforceability of, this Agreement or
     any of the Related Documents or (iv) seeking to affect adversely the
     federal income tax or other federal, state or local tax attributes of, or

                                       6
<PAGE>

     seeking to impose any excise, franchise, transfer or similar tax upon, the
     transfer and acquisition of the Initial and Additional Loans and the
     Initial Other Conveyed Property hereunder or under the Pooling and
     Servicing Agreement.

          (h)  Chief Executive Office. The chief executive office of CFC is
               ----------------------
     located at 1100 Landmark Towers, 345 St. Peter Street, Saint Paul, MN
     55102-1639.

          (i)  Licensing. CFC is duly licensed in each state in which Loans were
               ---------
     originated to the extent CFC is required to be licensed by applicable law
     in connection with the origination and servicing of the Loans.

          SECTION 3.2.   Representations and Warranties of CFSC. CFSC makes the
                         --------------------------------------
following representations and warranties, on which CFC relies in selling,
assigning, transferring and conveying the Initial and Additional Loans and the
Initial Other Conveyed Property to CFSC hereunder. Such representations are made
as of the execution and delivery of this Agreement, but shall survive the sale,
transfer and assignment of the Initial and Additional Loans and the Initial
Other Conveyed Property hereunder and the sale, transfer and assignment thereof
by CFSC to the Trustee under the Pooling and Servicing Agreement.

          (a)  Organization and Good Standing. CFSC has been duly organized and
               ------------------------------
     is validly existing and in good standing as a corporation under the laws of
     the State of Minnesota, with the power and authority to own its properties
     and to conduct its business as such properties are currently owned and such
     business is currently conducted, and had at all relevant times, and has,
     full power, authority and legal right to acquire and own the Initial and
     Additional Loans and the Initial Other Conveyed Property and to transfer
     the Initial and Additional Loans and the Initial Other Conveyed Property to
     the Trust pursuant to the Sale and Servicing Agreement.

          (b)  Due Qualification. CFSC is duly qualified to do business as a
               -----------------
     foreign corporation in good standing, and has obtained all necessary
     licenses and approvals in all jurisdictions where the failure to do so
     would materially and adversely affect (i) CFSC's ability to acquire the
     Initial and Additional Loans or the Initial Other Conveyed Property, (ii)
     the validity or enforceability of the Initial and Additional Loans and the
     Initial Other Conveyed Property or (iii) CFSC's ability to perform its
     obligations hereunder and under the Related Documents.

          (c)  Power and Authority. CFSC has the power, authority and legal
               -------------------
     right to execute and deliver this Agreement and its Related Documents and
     to carry out the terms hereof and thereof and to acquire the Initial and
     Additional Loans and the Initial Other Conveyed Property hereunder; and the
     execution, delivery and performance of this Agreement and its Related
     Documents and all of the documents required pursuant hereto or thereto have
     been duly authorized by CFSC by all necessary action.

          (d)  No Consent Required. CFSC is not required to obtain the consent
               -------------------
     of any other Person, or any consent, license, approval or authorization or
     registration or declaration with, any governmental authority, bureau or
     agency in connection with the

                                       7
<PAGE>

     execution, delivery or performance of this Agreement and the Related
     Documents, except for such as have been obtained, effected or made.

          (e)  Binding Obligation. This Agreement and each of its Related
               ------------------
     Documents constitutes a legal, valid and binding obligation of CFSC,
     enforceable against CFSC in accordance with its terms, subject, as to
     enforceability, to applicable bankruptcy, insolvency, reorganization,
     conservatorship, receivership, liquidation and other similar laws and to
     general equitable principles.

          (f)  No Violation. The execution, delivery and performance by CFSC of
               ------------
     this Agreement, the consummation of the transactions contemplated by this
     Agreement and the Related Documents and the fulfillment of the terms of
     this Agreement and the Related Documents do not and will not conflict with,
     result in any breach of any of the terms and provisions of or constitute
     (with or without notice or lapse of time) a default under the articles of
     incorporation or bylaws of CFSC, or conflict with or breach any of the
     terms or provisions of, or constitute (with or without notice or lapse of
     time) a default under, any indenture, agreement, mortgage, deed of trust or
     other instrument to which CFSC is a party or by which CFSC is bound or to
     which any of its properties are subject, or result in the creation or
     imposition of any Lien upon any of its properties pursuant to the terms of
     any such indenture, agreement, mortgage, deed of trust or other instrument
     (other than the Pooling and Servicing Agreement), or violate any law,
     order, rule or regulation, applicable to CFSC or its properties, of any
     federal or state regulatory body or any court, administrative agency, or
     other governmental instrumentality having jurisdiction over CFSC or any of
     its properties.

          (g)  No Proceedings. There are no proceedings or investigations
               --------------
     pending, or, to the knowledge of CFSC, threatened against CFSC, before any
     court, regulatory body, administrative agency, or other tribunal or
     governmental instrumentality having jurisdiction over CFSC or its
     properties: (i) asserting the invalidity of this Agreement or any of the
     Related Documents, (ii) seeking to prevent the consummation of any of the
     transactions contemplated by this Agreement or any of the Related
     Documents, (iii) seeking any determination or ruling that might materially
     and adversely affect the performance by CFSC of its obligations under, or
     the validity or enforceability of, this Agreement or any of the Related
     Documents or (iv) that may adversely affect the federal or state income tax
     attributes of, or seeking to impose any excise, franchise, transfer or
     similar tax upon, the transfer and acquisition of the Initial and
     Additional Loans and the Initial Other Conveyed Property hereunder or the
     transfer of the Initial and Additional Loans and the Initial Other Conveyed
     Property to the Trust pursuant to the Pooling and Servicing Agreement.

In the event of any breach of a representation and warranty made by CFSC
hereunder, CFC covenants and agrees that it will not take any action to pursue
any remedy that it may have hereunder, in law, in equity or otherwise, until a
year and a day have passed since the later of (i) the date on which all pass-
through certificates or other similar securities issued by the Trust, or a trust
or similar vehicle formed by CFSC, have been paid in full, or (ii) all
Certificates or other similar securities issued by the Trust, or a trust or
similar vehicle formed by CFSC, have been paid in full.  CFC and CFSC agree that
damages will not be an adequate remedy for such breach

                                       8
<PAGE>

and that this covenant may be specifically enforced by CFSC or by the Trustee on
behalf of the Trust.

                                  ARTICLE IV
                               COVENANTS OF CFC

          SECTION 4.1.   Transfer of Loans. On or prior to the Closing Date, or
                         -----------------
the Subsequent Transfer Date in the case of Subsequent Loans, CFC shall deliver
the Loan Files to CFSC. CFC has filed a form UCC-1 financing statement regarding
the sale of the Loans to CFSC, and shall file continuation statements in respect
of such UCC-1 financing statement as if such financing statement were necessary
to perfect such sale. CFC shall take any other actions necessary to maintain the
perfection of the sale of the Loans to CFSC.

          SECTION 4.2.   Costs and Expenses. CFC shall pay all reasonable costs
                         ------------------
and disbursements in connection with the performance of its obligations
hereunder and under each Subsequent Transfer Agreement and its Related
Documents.

          SECTION 4.3.   Indemnification.
                         ---------------

          (a)  CFC will defend and indemnify CFSC against any and all costs,
     expenses, losses, damages, claims and liabilities, including reasonable
     fees and expenses of counsel and expenses of litigation arising out of or
     resulting from the use or ownership of any real estate related to a Loan by
     CFC or the Servicer or any Affiliate of either. Notwithstanding any other
     provision of this Agreement, the obligation of CFC under this Section shall
     not terminate upon a Service Transfer pursuant to Article VII of the
     Pooling and Servicing Agreement, except that the obligation of CFC under
     this Section 4.3 shall not relate to the actions of any subsequent Servicer
     after a Service Transfer.

          (b)  No obligation or liability to any Obligor under any of the Loans
     is intended to be assumed by CFSC under or as a result of this Agreement
     and the transactions contemplated hereby and, to the maximum extent
     permitted and valid under mandatory provisions of law, CFSC expressly
     disclaims such assumption.

          (c)  CFC agrees to pay, and to indemnify, defend and hold harmless
     CFSC from, any taxes which may at any time be asserted with respect to, and
     as of the date of, the transfer of the Loans to CFSC, including, without
     limitation, any sales, gross receipts, general corporation, personal
     property, privilege or license taxes and costs, expenses and reasonable
     counsel fees in defending against the same, whether arising by reason of
     the acts to be performed by CFC under this Agreement or imposed against
     CFSC.

          (d)  Indemnification under this Section 4.3 shall include, without
     limitation, reasonable fees and expenses of counsel and expenses of
     litigation. If the Originator has made any indemnity payments to CFSC
     pursuant to this Section 4.3 and CFSC thereafter collects any of such
     amounts from others, CFSC will repay such amounts collected to CFC, without
     interest.

                                       9
<PAGE>

                                   ARTICLE V
                                  REPURCHASES

          SECTION 5.1.   Repurchase of Loans Upon Breach of Warranty.
                         -------------------------------------------

          (a)  Upon the occurrence of a Repurchase Event, CFC shall, unless such
     breach shall have been cured in all material respects, repurchase such Loan
     from the Trust pursuant to Section 3.06 of the Pooling and Servicing
     Agreement, subject to the limitation of Section 3.07 of the Pooling and
     Servicing Agreement. It is understood and agreed that, the obligation of
     CFC to repurchase any Loan as to which a breach has occurred and is
     continuing shall, if such obligation is fulfilled, constitute the sole
     remedy against CFC for such breach available to CFSC, the
     Certificateholders or the Trustee on behalf of Certificateholders. The
     provisions of this Section 5.1 are intended to grant the Trustee a direct
     right against CFC to demand performance hereunder, and in connection
     therewith, CFC waives any requirement of prior demand against CFSC with
     respect to such repurchase obligation. Any such purchase shall take place
     in the manner specified in Section 3.06 of the Pooling and Servicing
     Agreement. Notwithstanding any other provision of this Agreement, any
     Subsequent Transfer Agreement or the Pooling and Servicing Agreement or any
     Subsequent Transfer Agreement to the contrary, the obligation of CFC under
     this Section shall not terminate upon a termination of CFC as Servicer
     under the Pooling and Servicing Agreement and shall be performed in
     accordance with the terms hereof notwithstanding the failure of the
     Servicer or CFSC to perform any of their respective obligations with
     respect to such Loan under the Pooling and Servicing Agreement.

          (b)  In lieu of repurchasing a Loan when required by Section 5.1(a) of
     this Agreement and Section 3.06(a) of the Pooling and Servicing Agreement,
     CFC may deliver an Eligible Substitute Loan pursuant to the provisions of
     Section 3.06(b) of the Pooling and Servicing Agreement.

          (c)  In addition to the foregoing and notwithstanding whether the
     related Loan shall have been purchased by CFC, CFC shall indemnify the
     Trustee, the Trust and the Certificateholders against all costs, expenses,
     losses, damages, claims and liabilities, including reasonable fees and
     expenses of counsel, which may be asserted against or incurred by any of
     them as a result of third party claims arising out of the events or facts
     giving rise to such Repurchase Events.

          SECTION 5.2.   Reassignment of Purchased Loans. Upon deposit of the
                         -------------------------------
Repurchase Price of any Loan repurchased or replaced by CFC under Section 5.1,
CFSC shall cause the Trustee to take such steps as may be reasonably requested
by CFC in order to assign to CFC all of CFSC's and the Trust's right, title and
interest in and to such Loan and all security and documents and all Other
Conveyed Property conveyed to CFSC and the Trust directly relating thereto,
without recourse, representation or warranty, except as to the absence of liens,
charges or encumbrances created by or arising as a result of actions of CFSC or
the Trustee. Such assignment shall be a sale and assignment outright, and not
for security. If, following the reassignment of a Loan, in any enforcement suit
or legal proceeding, it is held that CFC may not enforce any such Loan on the
ground that it shall not be a real party in interest or a holder

                                       10
<PAGE>

entitled to enforce the Loan, CFSC and the Trustee shall, at the expense of CFC,
take such steps as CFC deems reasonably necessary to enforce the Loan, including
bringing suit in CFSC's or the Trustee's name.

          SECTION 5.3.   Waivers. No failure or delay on the part of CFSC, or
                         -------
the Trustee as assignee of CFSC, in exercising any power, right or remedy under
this Agreement or under any Subsequent Transfer Agreement shall operate as a
waiver thereof, nor shall any single or partial exercise of any such power,
right or remedy preclude any other or future exercise thereof or the exercise of
any other power, right or remedy.

                                  ARTICLE VI
                                 MISCELLANEOUS

          SECTION 6.1.   Liability of CFC. CFC shall be liable in accordance
                         ----------------
herewith only to the extent of the obligations in this Agreement or in any
Subsequent Transfer Agreement specifically undertaken by CFC and the
representations and warranties of CFC.

          SECTION 6.2.   Merger or Consolidation of CFC or CFSC. Any corporation
                         --------------------------------------
or other entity (i) into which CFC or CFSC may be merged or consolidated, (ii)
resulting from any merger or consolidation to which CFC or CFSC is a party or
(iii) succeeding to the business of CFC or CFSC, in the case of CFSC, which
corporation has articles of incorporation containing provisions relating to
limitations on business and other matters substantively identical to those
contained in CFSC's articles of incorporation, provided that in any of the
foregoing cases such corporation shall execute an agreement of assumption to
perform every obligation of CFC or CFSC, as the case may be, under this
Agreement and each Subsequent Transfer Agreement and, whether or not such
assumption agreement is executed, shall be the successor to CFC or CFSC, as the
case may be, hereunder and under each such Subsequent Transfer Agreement
(without relieving CFC or CFSC of its responsibilities hereunder, if it survives
such merger or consolidation) without the execution or filing of any document or
any further act by any of the parties to this Agreement or each Subsequent
Transfer Agreement. CFC or CFSC shall promptly inform the other party and the
Trustee of such merger, consolidation or purchase and assumption.
Notwithstanding the foregoing, as a condition to the consummation of the
transactions referred to in clauses (i), (ii) and (iii) above, (x) immediately
after giving effect to such transaction, no representation or warranty made
pursuant to Sections 3.1 and 3.2 and the Pooling and Servicing Agreement, or
similar representation or warranty made in any Subsequent Transfer Agreement,
shall have been breached (for purposes hereof, such representations and
warranties shall speak as of the date of the consummation of such transaction),
(y) CFC or CFSC, as applicable, shall have delivered written notice of such
consolidation, merger or purchase and assumption to the Rating Agencies prior to
the consummation of such transaction and shall have delivered to the Trustee an
Officer's Certificate and an Opinion of Counsel each stating that such
consolidation, merger or succession and such agreement of assumption comply with
this Section 6.3 and that all conditions precedent, if any, provided for in this
Agreement, or in each Subsequent Transfer Agreement, relating to such
transaction have been complied with, and (z) CFC or CFSC, as applicable, shall
have delivered to the Trustee an Opinion of Counsel, stating that, in the
opinion of such counsel, either (A) all financing statements and continuation
statements and amendments thereto have been executed and filed that are
necessary to preserve and protect the interest of the

                                       11
<PAGE>

Trustee in the Trust Property and reciting the details of the filings or (B) no
such action shall be necessary to preserve and protect such interest.

          SECTION 6.3.   Limitation on Liability of CFC and Others. CFC shall
                         -----------------------------------------
not be under any obligation to appear in, prosecute or defend any legal action
that is not incidental to its obligations under this Agreement, any Subsequent
Transfer Agreement or its Related Documents and that in its opinion may involve
it in any expense or liability.

          SECTION 6.4.   Amendment.
                         ---------

          (a)  This Agreement and any Subsequent Transfer Agreement may be
     amended by CFC and CFSC and without the consent of the Trustee or any of
     the Certificateholders (A) to cure any ambiguity or (B) to correct any
     provisions in this Agreement or any such Subsequent Transfer Agreement;
     provided, however, that such action shall not, as evidenced by an Opinion
     --------  -------
     of Counsel delivered to the Trustee, adversely affect in any material
     respect the interests of any Certificateholder.

          (b)  This Agreement may also be amended from time to time by CFC and
     CFSC, with the prior written consent of the Trustee and the Holders of
     Certificates representing, in the aggregate, 66 2/3% or more of the
     Aggregate Certificate Principal Balance, for the purpose of adding any
     provisions to or changing in any manner or eliminating any of the
     provisions of this Agreement, or of modifying in any manner the rights of
     the Certificateholders; provided, however, that no such amendment shall (i)
     increase or reduce in any manner the amount of, or accelerate or delay the
     timing of, collections of payments on the Loans or, distributions that are
     required to be made on any Certificate or (ii) reduce the aforesaid
     percentage required to consent to any such amendment or any waiver
     hereunder, without the consent of the Holders of all Certificates then
     outstanding.

          (c)  This Agreement shall not be amended under this Section without
     the consent of 100% of the Certificateholders and the Class C
     Certificateholder if such amendment would result in the disqualification of
     the Trust as a REMIC under the Code.

          (d)  Concurrently with the solicitation of any consent pursuant to
     this Section 6.4, CFSC shall furnish written notification to the Rating
     Agencies. Promptly after the execution of any amendment or consent pursuant
     to this Section 6.4, CFSC shall furnish written notification of the
     substance of such amendment to the Rating Agencies and to each
     Certificateholder and the Class C Certificateholder.

          (e)  It shall not be necessary for the consent of Certificateholders
     pursuant to this Section 6.4 to approve the particular form of any proposed
     amendment or consent, but it shall be sufficient if such consent shall
     approve the substance thereof. The manner of obtaining such consents and of
     evidencing the authorization of the execution thereof by Certificateholders
     shall be subject to such reasonable requirements as the Trustee may
     prescribe, including the establishment of record dates. The consent of any
     Holder of a Certificate given pursuant to this Section or pursuant to any
     other provision of this Agreement shall be conclusive and binding on such
     Holder and on all future Holders of

                                       12
<PAGE>

     such Certificate and of any Certificate issued upon the transfer thereof or
     in exchange thereof or in lieu thereof whether or not notation of such
     consent is made upon the Certificate.

          SECTION 6.5.   Notices. All demands, notices and communications to CFC
                         -------
or CFSC hereunder shall be in writing, personally delivered, or sent by
telecopier (subsequently confirmed in writing), reputable overnight courier or
mailed by certified mail, return receipt requested, and shall be deemed to have
been given upon receipt (a) in the case of CFC, to Conseco Finance Corp., 1100
Landmark Towers, 345 St. Peter Street, Saint Paul, Minnesota 55102-1639,
Attention: Chief Financial Officer, or such other address as shall be designated
by CFC in a written notice delivered to the other party or to the Trustee or (b)
in case of CFSC, to Conseco Finance Securitizations Corp., 300 Landmark Towers,
345 St. Peter Street, Saint Paul, Minnesota 55102-1639, Attention: Chief
Financial Officer.

          SECTION 6.6.   Merger and Integration. Except as specifically stated
                         ----------------------
otherwise herein, this Agreement and the Related Documents set forth the entire
understanding of the parties relating to the subject matter hereof, and all
prior understandings, written or oral, are superseded by this Agreement and the
Related Documents. This Agreement may not be modified, amended, waived or
supplemented except as provided herein.

          SECTION 6.7.   Severability of Provisions. If any one or more of the
                         --------------------------
covenants, provisions or terms of this Agreement shall be for any reason
whatsoever held invalid, then such covenants, provisions or terms shall be
deemed severable from the remaining covenants, provisions or terms of this
Agreement and shall in no way affect the validity or enforceability of the other
provisions of this Agreement.

          SECTION 6.8.   Intention of the Parties. The execution and delivery of
                         ------------------------
this Agreement and of each Subsequent Transfer Agreement shall constitute an
acknowledgment by CFC and CFSC that they intend that each assignment and
transfer herein and therein contemplated constitute a sale and assignment
outright, and not for security, of the Initial and Additional Loans and the
Initial Other Conveyed Property and the Subsequent Loans and Subsequent Other
Conveyed Property, as the case may be, conveying good title thereto free and
clear of any liens, from CFC to CFSC, and that the Initial and Additional Loans
and the Initial Other Conveyed Property and the Subsequent Loans and Subsequent
Other Conveyed Property shall not be a part of CFC's estate in the event of the
bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding,
or other proceeding under any federal or state bankruptcy or similar law, or the
occurrence of another similar event, of, or with respect to, CFC. In the event
that such conveyance is determined to be made as security for a loan made by
CFSC, the Trust or the Certificateholders to CFC, the parties intend that CFC
shall have granted to CFSC a security interest in all of CFC's right, title and
interest in and to the Initial and Additional Loans and the Initial Other
Conveyed Property and the Subsequent Loans and Subsequent Other Conveyed
Property, as the case may be, conveyed pursuant to Section 2.1 hereof or
pursuant to any Subsequent Transfer Agreement, and that this Agreement and each
Subsequent Transfer Agreement shall constitute a security agreement under
applicable law.

          SECTION 6.9.   Governing Law. This Agreement shall be construed in
                         -------------
accordance with, the laws of the State of Minnesota without regard to the
principles of conflicts

                                       13
<PAGE>

of laws thereof, and the obligations, rights and remedies of the parties under
this Agreement shall be determined in accordance with such laws.

          SECTION 6.10.  Counterparts. For the purpose of facilitating the
                         ------------
execution of this Agreement and for other purposes, this Agreement may be
executed simultaneously in any number of counterparts, each of which
counterparts shall be deemed to be an original, and all of which counterparts
shall constitute but one and the same instrument.

          SECTION 6.11.  Conveyance of the Initial and Additional Loans and the
                         ------------------------------------------------------
Initial Other Conveyed Property to the Trust. CFC acknowledges that CFSC
--------------------------------------------
intends, pursuant to the Pooling and Servicing Agreement, to convey the Initial
and Additional Loans and the Initial Other Conveyed Property, together with its
rights under this Agreement, to the Trustee on the date hereof. CFC acknowledges
and consents to such conveyance and waives any further notice thereof and
covenants and agrees that the representations and warranties of CFC contained in
this Agreement and the rights of CFSC hereunder are intended to benefit the
Trustee, the Trust, and the Certificateholders. In furtherance of the foregoing,
CFC covenants and agrees to perform its duties and obligations hereunder, in
accordance with the terms hereof for the benefit of the Trustee, the Trust, and
the Certificateholders and that, notwithstanding anything to the contrary in
this Agreement, CFC shall be directly liable to the Trustee and the Trust
(notwithstanding any failure by the Servicer or CFSC to perform its duties and
obligations hereunder or under the Pooling and Servicing Agreement) and that the
Trustee may enforce the duties and obligations of CFC under this Agreement
against CFC for the benefit of the Trust and the Certificateholders.

          SECTION 6.12.  Nonpetition Covenant. Neither CFSC nor CFC shall
                         --------------------
petition or otherwise invoke the process of any court or government authority
for the purpose of commencing or sustaining a case against the Trust (or, in the
case of CFC, against CFSC or, in the case of CFSC, against CFC) under any
federal or state bankruptcy, insolvency or similar law or appointing a receiver,
liquidator, assignee, trustee, custodian, sequestrator or other similar official
of the Trust (or CFSC) or any substantial part of its property, or ordering the
winding up or liquidation of the affairs of the Trust (or CFSC).

          IN WITNESS WHEREOF, the parties have caused this Transfer Agreement to
be duly executed by their respective officers as of the 31/st/ day of October,
2000.

                                   CONSECO FINANCE SECURITIZATIONS CORP.,
                                    as Purchaser

                                   By: _________________________________________
                                       Phyllis A. Knight
                                       Senior Vice President and Treasurer

                                   CONSECO FINANCE CORP., as Seller

                                   By: _________________________________________
                                       Phyllis A. Knight
                                       Senior Vice President and Treasurer

                                       14
<PAGE>

                                  SCHEDULE A

                   SCHEDULE OF INITIAL AND ADDITIONAL LOANS

      [See Exhibits L-1, L-2 and L-3 to Pooling and Servicing Agreement]

                                      A-1
<PAGE>

                                                                       EXHIBIT A

                                    FORM OF

                         SUBSEQUENT TRANSFER AGREEMENT

                                    between

                     CONSECO FINANCE SECURITIZATIONS CORP.
                                   Purchaser

                                      and

                             CONSECO FINANCE CORP.
                                    Seller

                                  dated as of

                                ________, 2000
<PAGE>

          SUBSEQUENT TRANSFER AGREEMENT, dated as of ________, 2000, between
Conseco Finance Securitizations Corp., a Minnesota corporation, as purchaser
("CFSC"), and Conseco Finance Corp., a Delaware corporation, as seller ("CFC"),
pursuant to the Transfer Agreement, dated as of October 1, 2000, between CFSC
and CFC.

                             W I T N E S S E T H:
                             - - - - - - - - - -

          WHEREAS, CFC and CFSC are parties to a Transfer Agreement, dated as of
October 1, 2000 (as amended or supplemented, the "Transfer Agreement");

          WHEREAS, pursuant to the Transfer Agreement and this Agreement, CFSC
has agreed to purchase from CFC and CFC is transferring to CFSC the Subsequent
Loans and the Subsequent Other Conveyed Property.

          NOW, THEREFORE, in consideration of the premises and the mutual
agreements hereinafter contained, and for other good and valuable consideration,
the receipt of which is acknowledged, CFSC and CFC, intending to be legally
bound, hereby agree as follows:

          1.   Defined Terms. Capitalized terms used but not otherwise defined
               -------------
herein shall have the respective meanings assigned to such terms in the Transfer
Agreement.

          "Agreement" means this Subsequent Transfer Agreement and all
           ---------
amendments hereof and all supplements hereto.

          "Cut-off Date" shall mean, with respect to the Subsequent Loans
           ------------
conveyed hereby, _________, 2000.

          "Schedule of Subsequent Loans" means the schedule of all home equity
           ----------------------------
loans sold and transferred pursuant to this Agreement attached hereto as
Schedule A, which Schedule of Subsequent Loans shall supplement the Schedule of
Initial and Additional Loans attached to the Transfer Agreement.

          "Subsequent Loans" means, for purposes of this Agreement, the closed-
           ----------------
end home equity loans identified on the Schedule of Subsequent Loans attached
hereto as Schedule A, including without limitation all related mortgages, deeds
of trust and security deeds and any and all rights to receive payments due
pursuant thereto after the Cut-off Date.

          "Subsequent Other Conveyed Property" means, for purposes of this
           ----------------------------------
Agreement, (i) all rights under any hazard, flood or other individual insurance
policy on the real estate securing each Subsequent Loan for the benefit of the
creditor of such Loan, (ii) all rights  CFC may have against the originating
lender with respect to each Subsequent Loan originated by a lender other than
CFC, (iii) all rights under the Errors and Omissions Protection Policy and the
Fidelity Bond as such policy and bond relate to the Subsequent  Loans, (iv) all
rights under any title insurance policies, if applicable, on any of the
properties securing Subsequent Loans, and (v) proceeds and products of the
foregoing.

          "Subsequent Transfer Date" means the date of this Agreement.
           ------------------------

                                    Ex. A-1
<PAGE>

          2.   Conveyance of the Subsequent Loans and the Subsequent Other
               -----------------------------------------------------------
Conveyed Property. Subject to the terms and conditions of this Agreement and the
-----------------
Transfer Agreement, CFC hereby sells, transfers, assigns, and otherwise conveys
to CFSC without recourse (but without limitation of its obligations in this
Agreement and the Transfer Agreement), and CFSC hereby purchases, all right,
title and interest of CFC in and to the Subsequent Loans and the Subsequent
Other Conveyed Property. It is the intention of CFC and CFSC that the transfer
and assignment contemplated by this Agreement shall constitute a sale of the
Subsequent Loans and the Subsequent Other Conveyed Property from CFC to CFSC,
conveying good title thereto free and clear of any Liens, and the Subsequent
Loans and the Subsequent Other Conveyed Property shall not be part of CFC's
estate in the event of the filing of a bankruptcy petition by or against CFC
under any bankruptcy or similar law.

          3.   Purchase Price. Simultaneously with the conveyance of the
               --------------
Subsequent Loans and the Subsequent Other Conveyed Property to CFSC, CFSC has
paid or caused to be paid to or upon the order of CFC, by wire transfer of
immediately available funds (representing certain proceeds to CFSC from the sale
of the Certificates on deposit in the Pre-Funding Account), the amount of funds
as specified below:

          (i)       Principal Balance of Subsequent Loans:     $_______

          (ii)      Proceeds to CFC:                           $_______

          4.   Representations and Warranties of CFC. CFC makes the following
               -------------------------------------
representations and warranties, on which CFSC relies in purchasing the
Subsequent Loans and the Subsequent Other Conveyed Property and in transferring
the Subsequent Loans and the Subsequent Other Conveyed Property to the Trustee
under the Subsequent Transfer Instrument. Such representations are made as of
the execution and delivery of this Agreement, but shall survive the sale,
transfer and assignment of the Subsequent Loans and the Subsequent Other
Conveyed Property hereunder, and the sale, transfer and assignment thereof by
CFSC to the Trustee under the Subsequent Transfer Instrument. CFC and CFSC agree
that CFSC will assign to the Trustee all of CFSC's rights under the Agreement,
and that the Trustee will thereafter be entitled to enforce this Agreement
against CFC in the Trustee's own name.

          (a)  Schedule of Representations. The representations and warranties
               ---------------------------
     set forth in Sections 3.02, 3.03 and 3.04 of the Pooling and Servicing
     Agreement are true and correct.

          (b)  Organization and Good Standing. CFC has been duly organized and
               ------------------------------
     is validly existing as a corporation in good standing under the laws of the
     State of Delaware, with power and authority to own its properties and to
     conduct its business as such properties are currently owned and such
     business is currently conducted, and had at all relevant times, and now
     has, power, authority and legal right to acquire, own and sell the
     Subsequent Loans and the Subsequent Other Conveyed Property transferred to
     CFSC.

          (c)  Due Qualification. CFC is duly qualified to do business as a
               -----------------
     foreign corporation in good standing, and has obtained all necessary
     licenses and approvals, in all

                                    Ex. A-2
<PAGE>

     jurisdictions in which the ownership or lease of its property or the
     conduct of its business requires such qualification.

          (d)  Power and Authority. CFC has the power and authority to execute
               -------------------
     and deliver this Agreement and to carry out its terms; CFC has full power
     and authority to sell and assign the Subsequent Loans and the Subsequent
     Other Conveyed Property to be sold and assigned to and deposited with CFSC
     hereunder and has duly authorized such sale and assignment to CFSC by all
     necessary corporate action; and the execution, delivery and performance of
     this Agreement has been duly authorized by CFC by all necessary corporate
     action.

          (e)  Valid Sale; Binding Obligations. This Agreement has been duly
               -------------------------------
     executed and delivered, shall effect a valid sale, transfer and assignment
     of the Subsequent Loans and the Subsequent Other Conveyed Property,
     enforceable against CFC and creditors of and purchasers from CFC; and this
     Agreement constitutes the legal, valid and binding obligation of CFC
     enforceable in accordance with its terms, except as enforceability may be
     limited by bankruptcy, insolvency, reorganization or other similar laws
     affecting the enforcement of creditors' rights generally and by equitable
     limitations on the availability of specific remedies, regardless of whether
     such enforceability is considered in a proceeding in equity or at law.

          (f)  No Violation. The consummation of the transactions contemplated
               ------------
     by this Agreement and the fulfillment of the terms of this Agreement shall
     not conflict with, result in any breach of any of the terms and provisions
     of or constitute (with or without notice, lapse of time or both) a default
     under, the certificate of incorporation or bylaws of CFC, or any indenture,
     agreement, mortgage, deed of trust or other instrument to which CFC is a
     party or by which it is bound, or result in the creation or imposition of
     any lien upon any of its properties pursuant to the terms of any such
     indenture, agreement, mortgage, deed of trust or other instrument, other
     than this Agreement, or violate any law, order, rule or regulation
     applicable to CFC of any court or of any federal or state regulatory body,
     administrative agency or other governmental instrumentality having
     jurisdiction over CFC or any of its properties.

          (g)  No Proceedings. There are no proceedings or investigations
               --------------
     pending or, to CFC's knowledge, threatened against CFC, before any court,
     regulatory body, administrative agency or other tribunal or governmental
     instrumentality having jurisdiction over CFC or its properties (i)
     asserting the invalidity of this Agreement, (ii) seeking to prevent or the
     consummation of any of the transactions contemplated by this Agreement,
     (iii) seeking any determination or ruling that might materially and
     adversely affect the performance by CFC of its obligations under, or the
     validity or enforceability of, this Agreement, or (iv) seeking to affect
     adversely the federal income tax or other federal, state or local tax
     attributes of, or seeking to impose any excise, franchise, transfer or
     similar tax upon, the transfer and acquisition of the Subsequent Loans and
     the Subsequent Other Conveyed Property hereunder.

          (h)  Insolvency. As of the Cut-off Date and the Subsequent Transfer
               ----------
     Date, neither CFC nor CFSC is insolvent nor will either of them have been
     made insolvent after

                                    Ex. A-3
<PAGE>

     giving effect to the conveyance set forth in Section 2 of this Agreement,
     nor are any of them aware of any pending insolvency.

          (i)  Chief Executive Office. The chief executive office of CFC is
               ----------------------
     located at 1100 Landmark Towers, 345 St. Peter Street, Saint Paul,
     Minnesota 55102-1639.

          (j)  Licensing. CFC is duly licensed in each state in which Loans were
               ---------
     originated to the extent CFC is required to be licensed by applicable law
     in connection with the origination and servicing of the Loans.

          5.   Representations and Warranties of CFSC. CFSC makes the following
               --------------------------------------
representations and warranties, on which CFC relies in selling, assigning,
transferring and conveying the Subsequent Loans and the Subsequent Other
Conveyed Property to CFSC hereunder. Such representations are made as of the
execution and delivery of this Agreement, but shall survive the sale, transfer
and assignment of the Subsequent Loans and the Subsequent Other Conveyed
Property hereunder and the sale, transfer and assignment thereof by CFSC to the
Trustee under the Subsequent Transfer Instrument.

          (a)  Organization and Good Standing. CFSC has been duly organized and
               ------------------------------
     is validly existing and in good standing as a corporation under the laws of
     the State of Minnesota, with the power and authority to own its properties
     and to conduct its business as such properties are currently owned and such
     business is currently conducted, and had at all relevant times, and has,
     full power, authority and legal right to acquire and own the Subsequent
     Loans and the Subsequent Other Conveyed Property, and to transfer the
     Subsequent Loans and the Subsequent Other Conveyed Property to the Trustee
     pursuant to the Subsequent Transfer Instrument.

          (b)  Due Qualification. CFSC is duly qualified to do business as a
               -----------------
     foreign corporation in good standing, and has obtained all necessary
     licenses and approvals in all jurisdictions where the failure to do so
     would materially and adversely affect CFSC's ability to acquire the
     Subsequent Loans or the Subsequent Other Conveyed Property or the validity
     or enforceability of the Subsequent Loans and the Subsequent Other Conveyed
     Property or to perform CFSC's obligations hereunder and under the
     Subsequent Transfer Instrument.

          (c)  Power and Authority. CFSC has the power, authority and legal
               -------------------
     right to execute and deliver this Agreement and to carry out the terms
     hereof and to acquire the Subsequent Loans and the Subsequent Other
     Conveyed Property hereunder; and the execution, delivery and performance of
     this Agreement and all of the documents required pursuant hereto have been
     duly authorized by CFSC by all necessary action.

          (d)  No Consent Required. CFSC is not required to obtain the consent
               -------------------
     of any other Person, or any consent, license, approval or authorization or
     registration or declaration with, any governmental authority, bureau or
     agency in connection with the execution, delivery or performance of this
     Agreement, except for such as have been obtained, effected or made.

                                    Ex. A-4
<PAGE>

          (e)  Binding Obligation. This Agreement constitutes a legal, valid and
               ------------------
     binding obligation of CFSC, enforceable against CFSC in accordance with its
     terms, subject, as to enforceability, to applicable bankruptcy, insolvency,
     reorganization, conservatorship, receivership, liquidation and other
     similar laws and to general equitable principles.

          (f)  No Violation. The execution, delivery and performance by CFSC of
               ------------
     this Agreement, the consummation of the transactions contemplated by this
     Agreement and the Subsequent Transfer Instrument and the fulfillment of the
     terms of this Agreement and the Subsequent Transfer Instrument do not and
     will not conflict with, result in any breach of any of the terms and
     provisions of, or constitute (with or without notice or lapse of time) a
     default under, the articles of incorporation or bylaws of CFSC, or conflict
     with or breach any of the terms or provisions of, or constitute (with or
     without notice or lapse of time) a default under, any indenture, agreement,
     mortgage, deed of trust or other instrument to which CFSC is a party or by
     which CFSC is bound or to which any of its properties are subject, or
     result in the creation or imposition of any lien upon any of its properties
     pursuant to the terms of any such indenture, agreement, mortgage, deed of
     trust or other instrument (other than the Pooling and Servicing Agreement
     and the Subsequent Transfer Instrument), or violate any law, order, rule or
     regulation, applicable to CFSC or its properties, of any federal or state
     regulatory body, any court, administrative agency, or other governmental
     instrumentality having jurisdiction over CFSC or any of its properties.

          (g)  No Proceedings. There are no proceedings or investigations
               --------------
     pending, or, to the knowledge of CFSC, threatened against CFSC, before any
     court, regulatory body, administrative agency, or other tribunal or
     governmental instrumentality having jurisdiction over CFSC or its
     properties: (i) asserting the invalidity of this Agreement or the
     Subsequent Transfer Instrument, (ii) seeking to prevent the consummation of
     any of the transactions contemplated by this Agreement or the Subsequent
     Transfer Instrument, (iii) seeking any determination or ruling that might
     materially and adversely affect the performance by CFSC of its obligations
     under, or the validity or enforceability of, this Agreement or the
     Subsequent Transfer Instrument, or (iv) that may adversely affect the
     federal or state income tax attributes of, or seeking to impose any excise,
     franchise, transfer or similar tax upon, the transfer and acquisition of
     the Subsequent Loans and the Subsequent Other Conveyed Property hereunder
     or the transfer of the Subsequent Loans and the Subsequent Other Conveyed
     Property to the Trustee pursuant to the Subsequent Transfer Instrument.

In the event of any breach of a representation and warranty made by CFSC
hereunder, CFC covenants and agrees that it will not take any action to pursue
any remedy that it may have hereunder, in law, in equity or otherwise, until a
year and a day have passed since the date on which all pass-through certificates
or other similar securities issued by the Trust, or a trust or similar vehicle
formed by CFSC, have been paid in full.  CFC and CFSC agree that damages will
not be an adequate remedy for such breach and that this covenant may be
specifically enforced by CFSC or by the Trustee on behalf of the Trust.

          6.   Conditions Precedent. The obligation of CFSC to acquire the
               --------------------
Subsequent Loans and the Subsequent Other Conveyed Property hereunder is subject
to the satisfaction, on

                                    Ex. A-5
<PAGE>

or prior to the Subsequent Transfer Date, of the following conditions precedent,
and CFC hereby confirms that such conditions precedent are satisfied:

          (a)  Representations and Warranties. Each of the representations and
               ------------------------------
     warranties made by the CFC in Section 4 of this Agreement and in Section
     3.1 of the Transfer Agreement shall be true and correct as of the
     Subsequent Transfer Date.

          (b)  Transfer Agreement Conditions. Each of the conditions set forth
               -----------------------------
     in Section 2.3(b) of the Transfer Agreement applicable to the conveyance of
     Subsequent Loans and the Subsequent Other Conveyed Property shall have been
     satisfied.

          (c)  Additional Information. CFC has delivered to CFSC such
               ----------------------
     information as was reasonably requested by CFSC to satisfy itself as to (i)
     the accuracy of the representations and warranties set forth in Section 4
     of this Agreement and in Section 3.1 of the Transfer Agreement and (ii) the
     satisfaction of the conditions set forth in this Section 6.

          7.   Ratification of Transfer Agreement. As supplemented by this
               ----------------------------------
Agreement, the Transfer Agreement is in all respects ratified and confirmed and
the Transfer Agreement as so supplemented by this Agreement shall be read, taken
and construed as one and the same instrument.

          8.   Governing Law. This Agreement shall be construed in accordance
               -------------
with the laws of the State of Minnesota without regard to the principles of
conflicts of laws thereof, and the obligations, rights and remedies of the
parties under this Agreement shall be determined in accordance with such laws.

          9.   Counterparts. For the purposes of facilitating the execution of
               ------------
this Agreement and for other purposes, this Agreement may be executed
simultaneously in any number of counterparts, each of which counterparts shall
be deemed to be an original, and all of which counterparts shall constitute but
one and the same instrument.

          10.  Conveyance of the Subsequent Loans and the Subsequent Other
               -----------------------------------------------------------
Conveyed Property to the Trust. CFC acknowledges that CFSC intends, pursuant to
------------------------------
a Subsequent Transfer Instrument, to convey the Subsequent Loans and the
Subsequent Other Conveyed Property, together with its rights under this
Agreement and under the Transfer Agreement, to the Trustee on the date hereof.
CFC acknowledges and consents to such conveyance and waives any further notice
thereof and covenants and agrees that the representations and warranties of CFC
contained in this Agreement and the rights of CFSC hereunder and thereunder are
intended to benefit the Trustee, the Trust and the Certificateholders.  In
furtherance of the foregoing, CFC covenants and agrees to perform its duties and
obligations hereunder and under the Transfer Agreement, in accordance with the
terms hereof and thereof for the benefit of the Trustee, the Trust and the
Certificateholders and that, notwithstanding anything to the contrary in this
Agreement or in the Transfer Agreement, CFC shall be directly liable to the
Trustee and the Trust (notwithstanding any failure by CFSC to perform its duties
and obligations hereunder or under the Pooling and Servicing Agreement) and that
the Trustee may enforce the duties and obligations of CFC under

                                    Ex. A-6
<PAGE>

this Agreement and the Transfer Agreement against CFC for the benefit of the
Trust and the Certificateholders.

                                    Ex. A-7
<PAGE>

          IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed by their respective officers as of the ___ day of ____, 2000.

                                   CONSECO FINANCE SECURITIZATIONS CORP.,
                                    as Purchaser

                                   By __________________________________________
                                      Name:  Phyllis A. Knight
                                      Title: Senior Vice President and Treasurer

                                   CONSECO FINANCE CORP., as Seller

                                   By __________________________________________
                                      Name:  Phyllis A. Knight
                                      Title: Senior Vice President and Treasurer

                                    Ex. A-8
<PAGE>

                                  SCHEDULE A

                         SCHEDULE OF SUBSEQUENT LOANS

                                    Ex. A-9AGREEMENT  AND  PLAN  OF  REORGANIZATION

     THIS  AGREEMENT  AND  PLAN  OF REORGANIZATION (this "Agreement") is entered
into  this  26th  day  of  September,  2000,  by  and  among  GO ONLINE NETWORKS
CORPORATION, a Delaware corporation ("GONT"), WESTLAKE CAPITAL CORP., a Colorado
corporation  and  a  wholly-owned  subsidiary  of  GONT  ("Westlake"),  and  the
"Surviving Corporation"), and NETSTRAT, INC., a Nevada corporation ("NetStrat").

     RECITALS
     --------

     A.     Westlake  is  a  wholly-owned  subsidiary  of  GONT.

     B.     Subject  to  and in accordance with the terms and conditions of this
Agreement and pursuant to the Certificate of Merger attached hereto as Exhibit A
("Certificate  of Merger"), the parties intend that NetStrat will merge with and
into  Westlake  (the "Merger"), whereby at the Effective Time of the Merger, all
of  the  NetStrat  Common  Stock will be converted into four million one hundred
sixty-six thousand six hundred sixty-six (4,166,666) shares of GONT Common Stock

     C.     For  federal  income  tax  purposes, it is intended that the Mergers
shall  qualify  as a tax free reorganization within the meaning of '368(a)(2)(D)
of  the  Code.

     D.     The  parties  hereto  desire  to  set forth certain representations,
warranties  and  covenants  made  by  each  to the other as an inducement to the
consummation  of  the  Mergers.

     AGREEMENT
     ---------

     NOW,  THEREFORE,  in  reliance on the foregoing recitals and in and for the
consideration  and  mutual  covenants  set  forth  herein,  the parties agree as
follows:

     10     CERTAIN  DEFINITIONS.
            --------------------

     1.1     "GONT  COMMON  STOCK"  shall  mean all of the outstanding shares of
Common  Stock  of  GONT.

     1.2     "GONT  DISCLOSURE  SCHEDULE"  shall  mean  the  disclosure schedule
provided  to  NetStrat by GONT and Westlake disclosing such items and matters as
are  required  to  be  disclosed  under  this  Agreement.

     1.3     "GONT FINANCIAL STATEMENTS" shall mean GONT's audited balance sheet
as  of December 31, 1999, and statements of operations, stockholder's equity and
cash  flow  for  the  twelve  (12)  month period then ended and GONT's unaudited
balance  sheet  as  of June 30, 2000 and statements of operations, stockholder's
equity  and  cash  flow  for  the  six  month  period  then  ended.

<PAGE>

     1.4     "GONT  PRODUCTS/SERVICES" shall mean all products or services which
have  been,  or are being, marketed by GONT, or are currently under development,
and  all  patents,  patent  applications, trade secrets, copyrights, trademarks,
trade  names  and other proprietary rights related to such products or services.

     1.5     "AFFILIATE"  shall  have  the  meaning  set  forth in the rules and
regulations  promulgated  by  the  Commission  pursuant  to  the Securities Act.

     1.6     "CLOSING"  shall  mean the closing of the transactions contemplated
by  this  Agreement.

     1.7     "CLOSING  DATE"  shall  mean  the  date  of  the  Closing.

     1.8     "CODE"  shall mean the United States Internal Revenue Code of 1986,
as  amended.

     1.9     "COMMISSION"  shall  mean the United States Securities and Exchange
Commission.

     1.10     "DISSENTING  SHARES"  shall  mean those shares held by holders who
perfect  their  appraisal  rights  under  the  applicable  state  laws.

     1.11     "EFFECTIVE TIME" shall mean the date and time of the effectiveness
of  the  Merger  under  Nevada  and  Colorado  law.

     1.12     "GAAP"  shall  mean  generally  accepted  accounting  principles.

     1.13     "NETSTRAT  COMMON  STOCK" shall mean all the outstanding shares of
common  stock  of  NetStrat.

     1.14     "NETSTRAT  DISCLOSURE SCHEDULE" shall mean the disclosure schedule
provided  to  GONT and Westlake by NetStrat disclosing such items and matters as
are  required  to  be  disclosed  under  this  Agreement.

     1.15     "NETSTRAT  FINANCIAL  STATEMENTS"  shall  mean  NetStrat's audited
balance  sheet  as  of  December  31,  1999,  and  statements  of  operations,
stockholders'  equity  and cash flow for the twelve (12) month period then-ended
and  NetStrat's  unaudited  balance sheet as of June 30, 2000, and statements of
operations,  stockholders'  equity  and  cash  flow for the six (6) month period
then-ended.

     1.16     "NETSTRAT  PRODUCTS/SERVICES"  shall mean all products or services
which  have  been,  or  are  being,  marketed by NetStrat or are currently under
development,  and  all  trade  secrets,  copyrights, trademarks, trade names and
other  proprietary  rights  related  to  such  products  or  services.

<PAGE>
     1.17     "MATERIAL  ADVERSE EFFECT" shall mean an effect on the operations,
assets  or  financial  condition  of an entity considered as a whole which would
lead  a  reasonable  business  person  to conclude that entering into the Merger
would  not  be  advisable  in  light  of  the  effect.

     1.18     "SECURITIES  ACT"  shall  mean  the  Securities  Act  of  1933, as
amended,  or  any  similar  federal  statute  and  the  rules  and  regulations
thereunder,  all  as  the  same  shall  be  in  effect  at  the  time.

     1.19     "SUBSIDIARY"  OR  "SUBSIDIARIES"  shall  mean  all  corporations,
trusts,  partnerships, associations, joint ventures or other Persons, as defined
below,  of  which a corporation or any other Subsidiary of such corporation owns
not  less  than twenty percent (20%) of the voting securities or other equity or
of which such corporation or any other Subsidiary of such corporation possesses,
directly  or  indirectly,  the  power  to  direct  or cause the direction of the
management  and policies, whether through ownership of voting shares, management
contracts  or  otherwise.  "Person"  means  any  individual, corporation, trust,
association,  partnership,  proprietorship,  joint  venture  or  other  entity.

     1.20     "TRANSACTION  DOCUMENTS"  shall  mean  all documents or agreements
attached  as  an  exhibit  or  schedule  hereto,  and  set forth on the Table of
Contents.

     20     PLAN  OF  REORGANIZATION.
            ------------------------

     2.1     THE  MERGER.  Subject to the terms and conditions of this Agreement
and  the  Certificate of Merger, NetStrat shall be merged with and into Westlake
in  accordance  with  the  applic-able  provisions  of the laws of the States of
Nevada and Colorado, and with the terms and conditions of this Agreement and the
Certificates  of  Merger  set  forth  as  Exhibits  A  and,  B  so  that:

     (A)     At the Effective Time (as defined in Section 2.5 (below)), NetStrat
shall be merged with and into Westlake.  As a result of the Merger, the separate
corporate  existence of NetStrat shall cease, and Westlake shall continue as the
surviving  corporation,  and  shall  succeed to and assume all of the rights and
obligations of NetStrat (which shall include the rights and obligations of GONT)
in  accordance  with  the  laws  of  Colorado.

     (B)     The  Certificate  of Incorporation and Bylaws of Westlake in effect
immediately  prior  to  the  Effective  Time  shall  be  the  Certificate  of
Incorporation  and  Bylaws, respectively, of the Surviving Corporation after the
Effective  Time  unless  and  until  further  amended  as  provided  by  law.

     2.2     CONVERSION  OF SHARES.  All of the shares of NetStrat common stock,
issued  and outstanding immediately prior to the Effective Time will, by virture
of the Merger, and at the Effective Time, and without further action on the part
of  the  shareholders  of  NetStrat,  be converted into four million one hundred
sixty-six  thousand  six  hundred and sixty-six (4,166,666) shares of fully paid
and  nonassessable  shares  of  GONT  common  stock.

     2.3     FRACTIONAL  SHARES.  No fractional shares of GONT common stock will
be  issued  in  connection  with  the  Subsequent  Merger.

<PAGE>
     2.4     THE  CLOSING.  Subject to termination of this Agreement as provided
in Section 10 (below), the Closing shall take place at the offices of Cutler Law
Group,  610 Newport Center Drive, Suite 800, Newport Beach, CA 92660, as soon as
possible upon the satisfaction or waiver of all conditions set forth in Sections
8, 9 and 10 hereof, or such other time and place as is mutually agreeable to the
parties.    The  Closing shall be no later than the time following the clearance
of  GONT's  Form  S-4  filed  in  connection  with  this  Agreement.

     2.5     EFFECTIVE  TIME.  Simultaneously  with the Closing, the Certificate
of  Merger for the Merger shall be filed in the office of the Secretary of State
of the State of Nevada and the Secretary of State of the State of Colorado.  The
Merger  shall become effective immediately upon the filing of the Certificate of
Merger  with  such  offices.

     2.6     TAX  FREE  REORGANIZATION.  The  parties  intend  to  adopt  this
Agreement  as a tax-free plan of reorganization and to consummate the Mergers in
accordance  with the provisions of '368(a)(2)(D) of the Code.  Each party agrees
that  it  will  not  take  or  assert  any position on any tax return, report or
otherwise  which  is  inconsistent  with  the  qualification of the Mergers as a
reorganization  within the meaning of '368(a) of the Code.  Except for cash paid
in  lieu  of  fractional  shares,  no consideration that could constitute "other
property"  within  the meaning of '356 of the Code is being paid by GONT for the
NetStrat  Common Stock.  In addition, GONT and Westlake represent now, and as of
the  Closing  Date,  that  they presently intend to continue NetStrat's historic
business  or  use  a  significant  portion  of  NetStrat's  business assets in a
business.

     30     REPRESENTATIONS  AND  WARRANTIES  OF  GONT  AND WESTLAKE.  Except as
otherwise  set  forth  in the GONT Disclosure Schedule attached hereto, GONT and
Westlake  jointly  and  severally represent and warrant to NetStrat as set forth
below.  No fact or circumstance disclosed shall constitute an exception to these
representations  and warranties unless such fact or circumstance is set forth in
the  GONT  Disclosure  Schedule  or  such supplements thereto as may mutually be
agreed  upon  in  writing  by  GONT,  Westlake  and  NetStrat.

     3.1     ORGANIZATION.  GONT  and  Westlake are corporations duly organized,
validly  existing  and  in  good  standing  under  the  laws  of  the  state  of
incorporation of such entity and have the corporate power and authority to carry
on  their respective businesses as it is now being conducted.  GONT and Westlake
are  duly  qualified or licensed to do business and are in good standing in each
jurisdiction  in  which  the nature of their respective businesses or properties
makes  such  qualification or licensing necessary except where the failure to be
so  qualified  would  not  have  a Material Adverse Effect on GONT and Westlake.

<PAGE>
     3.2     CAPITALIZATION.  The authorized capital of GONT will consist, prior
to  the  Closing,  of  100,000,000  shares  of Common Stock, of which 83,960,343
shares  were  issued  and  outstanding at June 30, 2000.  GONT is the record and
beneficial  owner  of all shares of Westlake Common Stock, free and clear of any
and  all  claims,  liens, encumbrances or security interests.  All of the issued
and  outstanding  shares  of  GONT  and  Westlake  capital  stock have been duly
authorized,  validly  issued, are fully paid and nonassessable, and such capital
stock  has  been issued in full compliance with all applicable federal and state
securities  laws.  None of GONT's or Westlake's issued and outstanding shares of
capital  stock  are  subject  to  repurchase  or  redemption  rights.

     3.3     POWER,  AUTHORITY  AND  VALIDITY.  GONT  and  Westlake  have  the
corporate power to enter into this Agreement and the other Transaction Documents
to  which  they  are  parties  and  to carry out their obligations hereunder and
thereunder.  The  execution  and  delivery of this Agreement and the Transaction
Documents  and  the  consummation  of  the  transactions contemplated hereby and
thereby  have  been  duly  authorized  by  the  Boards  of Directors of GONT and
Westlake  and,  except  for  approval  of  the  shareholders  of  GONT, no other
corporate proceedings on the part of GONT or Westlake are necessary to authorize
this  Agreement,  the  other  Transaction  Documents  and  the  transactions
contemplated  herein  and  therein.  GONT  and  Westlake  are not subject to, or
obligated  under,  any  charter,  bylaw  or  contract  provision or any license,
franchise  or permit, or subject to any order or decree, which would be breached
or violated by or in conflict with its executing and carrying out this Agreement
and the transactions contemplated hereunder and under the Transaction Documents.
Except  for  (i)  the  filing of the Certificate of Merger with the Secretary of
State  of  the  State  of  Nevada  and  appropriate  documents with the relevant
authorities  of other states in which GONT is qualified to do business, (ii) the
filing  of  the Certficate of Merger with the Secretary of State of the State of
Colorado  and  (ii)  filings under applicable securities laws, no consent of any
person  who  is  a party to a contract which is material to GONT's business, nor
consent of any governmental authority, is required to be obtained on the part of
GONT  to  permit  the  transactions  contemplated  herein  and to permit GONT to
continue the business activities of GONT as previously conducted by GONT without
a  Material  Adverse  Effect.  This  Agreement  is,  and  the  other Transaction
Documents  when  executed and delivered by GONT and Westlake shall be, the valid
and  binding  obligations  of  GONT and Westlake, enforceable in accordance with
their  respective  terms.

     3.4     FINANCIAL  STATEMENTS.

     (A)     GONT  has  made  available to NetStrat copies of the GONT Financial
Statements.

     (B)     The  GONT  Financial Statements are complete and in accordance with
the  books and records of GONT and present fairly the financial position of GONT
as of its historical dates.  The GONT Financial Statements have been prepared in
accordance  with  GAAP,  applied  on  a  basis  consistent  with  prior periods.

     3.5     TAX  MATTERS.

<PAGE>
     (A)     GONT  has  fully  and timely, properly and accurately filed all tax
returns  and  reports  required  to  be  filed  by  it  (or extensions thereof),
including  all  federal,  foreign, state and local tax returns and estimates for
all years and periods (and portions thereof) for which any such returns, reports
or estimates were due.  All such returns, reports and estimates were prepared in
the  manner  required  by  applicable  law.  All income, sales, use, occupation,
property  or other taxes or assessments due from GONT have been paid.  There are
no  pending  assessments,  asserted  deficiencies or claims for additional taxes
that  have not been paid.  The reserves for taxes, if any, reflected on the GONT
Financial  Statements are adequate and there are no tax liens on any property or
assets of GONT.  There have been no audits or examinations of any tax returns or
reports  by any applicable governmental agency.  No state of facts exists or has
existed  which  would constitute grounds for the assessment of any penalty or of
any  further  tax  liability  beyond  that  shown on the respective tax reports,
returns  or estimates.  There are no outstanding agreements or waivers extending
the  statutory  period  of  limitation applicable to any federal, state or local
income  tax  return  or  report  for  any  period.

     (B)     All  taxes which GONT has been required to collect or withhold have
been  duly  withheld or collected and, to the extent required, have been paid to
the  proper  taxing  authority.

     (C)     GONT  is  not  a  party  to  any  tax-sharing  agreement or similar
arrangement  with  any  other  party.

     (D)     At  no  time  has  GONT  been  included in the federal consolidated
income  tax  return  of  any  affiliated  group  of  corporations.

     (E)     No  payment  which GONT is obliged to pay to any director, officer,
employee  or  independent  contractor  pursuant  to  the  terms of an employment
agree-ment, severance agreement or otherwise will constitute an excess parachute
payment  as  defined  in  '280G  of  the  Code.

     (F)     GONT  is  not currently under any contractual obligation to pay any
tax  obligations  of,  or with respect to any transaction relating to, any other
person  or  to  indemnify  any  other  person  with  respect  to  any  tax.

     3.6     TAX-FREE  REORGANIZATION.

     (A)     Neither  GONT  nor  Westlake has taken or agreed to take any action
that  would  prevent  the  Mergers from constituting a reorganization qualifying
under  the  provi-sions  of  '368(a)  of  the  Code.

     (B)     Neither  GONT  nor  Westlake is an investment company as defined in
''368(a)(2)(F)(iii)  and  (iv)  of  the  Code.

     3.7     NO BROKERS.  Neither GONT nor Westlake is obligated for the payment
of  fees  or  expenses  of  any  broker or finder in connection with the origin,
negotiation  or  execution  of this Agreement or the Certificate of Merger or in
connection  with  any  transaction  contemplated  hereby  or  thereby.

<PAGE>
     40     REPRESENTATIONS AND WARRANTIES OF NETSTRAT,  Except as otherwise set
forth  in the NetStrat Disclosure Schedule attached hereto, NetStrat jointly and
severally  represent  and  warrant  to  GONT  as  set  forth  below.  No fact or
circumstance  disclosed  to  GONT  shall  constitute  an  exception  to  these
representations  and warranties unless such fact or circumstance is set forth in
the  NetStrat Disclosure Schedule or such supplements thereto as may mutually be
agreed  upon  in  writing  by  NetStrat  and  GONT.

     4.1     ORGANIZATION.  NetStrat  is  a corporations duly organized, validly
existing  and  in  good standing under the laws of the state of incorporation of
such  entity  and  have  the  corporate  power  and  authority to carry on their
respective  businesses as it is now being conducted.  NetStrat is duly qualified
or  licensed  to  do  business  and are in good standing in each jurisdiction in
which  the  nature  of  its  business  or properties makes such qualification or
licensing necessary except where the failure to be so qualified would not have a
Material  Adverse  Effect  on  NetStrat.  True and complete copies of NetStrat's
Articles  of Incorporation and Bylaws, as in effect on the date hereof and as to
be  in  effect  as  of  the  Closing,  have  been  provided  to  GONT  or  its
representatives.

     4.2     CAPITALIZATION.

     (A)     The  authorized  capital  of  NetStrat  will  consist, prior to the
Closing, of 100,000,000 shares of Common Stock, of which approximately 5,710,194
shares  are  issued  and outstanding as of the date hereof.  All of the NetStrat
Common  Stock  is  free  and clear of any and all claims, liens, encumbrances or
security  interests.

     (B)     Except  as  set forth in the NetStrat Disclosure Schedule, NetStrat
has  no  outstanding  preemptive rights, subscription rights, options, warrants,
rights  to  convert  or  exchange, capital stock equivalents, or other rights to
purchase  or  otherwise  acquire any NetStrat capital stock or other securities.

     (C)     All  of the issued and outstanding shares of NetStrat capital stock
have been duly authorized, validly issued, are fully paid and nonassessable, and
such  capital  stock  has  been  issued  in  full compliance with all applicable
federal  and  state  securities laws.  None of NetStrat's issued and outstanding
shares  of  capital  stock  are  subject  to  repurchase  or  redemption rights.

     (D)     Except for any restrictions imposed by applicable state and federal
securities  laws,  there  is  no  right  of  first  refusal,  option,  or  other
restriction  on  transfer  applicable to any shares of NetStrat's capital stock.

     (E)     NetStrat  is  not  under  any  obligation  to  register  under  the
Securities  Act  any  shares of its capital stock or any other of its securities
that  might  be  issued  in  the  future  if  the  Merger  were not consummated.

     (F)     NetStrat  is  not  a  party  or  subject  to  any  agreement  or
understanding  and  there  is no agreement or understanding between or among any
persons  that affects or relates to the voting or giving of written consent with
respect  to  any  security.

<PAGE>
     4.3     POWER, AUTHORITY AND VALIDITY.  NetStrat has the corporate power to
enter  into  this Agreement and the other Transaction Documents to which it is a
party  and to carry out its obligations hereunder and thereunder.  The execution
and  delivery  of  this  Agreement  and  the  Transaction  Documents  and  the
consummation  of the transactions contemplated hereby and thereby have been duly
authorized  by  the  Boards  of  Directors  of  NetStrat  and no other corporate
proceedings  on  the part of NetStrat are necessary to authorize this Agreement,
the  other  Transaction  Documents  and the transactions contemplated herein and
therein.  NetStrat  is not subject to, or obligated under, any charter, bylaw or
contract  provision or any license, franchise or permit, or subject to any order
or  decree,  which  would  be  breached  or  violated by or in conflict with its
executing  and  carrying  out  this  Agreement and the transactions contemplated
hereunder and under the Transaction Documents.  Except for (i) the filing of the
Certificate  of  Merger  with  the Secretary of State of the State of Nevada and
appropriate  documents  with  the  relevant authorities of other states in which
NetStrat  is  qualified  to  do  business,  (ii) the filing of the Certficate of
Merger  with  the  Secretary  of State of the State of Colorado and (ii) filings
under  applicable  securities laws, no consent of any person who is a party to a
contract  which  is  material  to  NetStrat's  business,  nor  consent  of  any
governmental  authority,  is  required to be obtained on the part of NetStrat to
permit  the  transactions contemplated herein and to permit NetStrat to continue
the  business activities of NetStrat as previously conducted by NetStrat without
a  Material  Adverse  Effect.  This  Agreement  is,  and  the  other Transaction
Documents  when  executed  and  delivered  by  NetStrat  shall be, the valid and
binding obligations of NetStrat, enforceable in accordance with their respective
terms.

     4.4     FINANCIAL  STATEMENTS.

     (A)     NetStrat  has  delivered  to  GONT copies of the NetStrat Financial
Statements.

     (B)     The  NetStrat  Financial  Statements are complete and in accordance
with the books and records of NetStrat and present fairly the financial position
of  NetStrat as of its historical dates.  The NetStrat Financial Statements have
been  prepared in accordance with GAAP, applied on a basis consistent with prior
periods.  Except and to the extent reflected or reserved against in such balance
sheets (including the notes thereto), NetStrat does not have, as of the dates of
such  balance sheets, any liabilities or obligations (absolute or contingent) of
a  nature  required  or  customarily  reflected in a balance sheet (or the notes
thereto)  prepared  in accordance with GAAP.  The reserves, if any, reflected on
the  NetStrat  Financial  Statements  are adequate in light of the contingencies
with  respect  to  which  they  are  made.

     (C)     NetStrat  has  no  debt,  liability,  or  obligation of any nature,
whether  accrued,  absolute,  contingent,  or  otherwise,  and whether due or to
become  due, that is not reflected or reserved against in the NetStrat Financial
Statements,  except  for those (i) that may have been incurred after the date of
the  NetStrat  Financial Statements; or (ii) that are not required by GAAP to be
included  in  a balance sheet or the notes thereto, except that NetStrat has not
established any reserves with respect to the costs and fees associated with this
Agreement,  the  other  Transaction Documents, and the transactions contemplated
hereby  and  thereby.  All material debts, liabilities, and obligations incurred
after  the  date  of  the  NetStrat  Financial  Statements  were incurred in the
ordinary  course  of  business,  and  are  usual  and  normal  in  amount  both
individually  and  in  the  aggregate.

<PAGE>
     4.5     TAX  MATTERS.

     (AI     NetStrat  has  fully  and timely, properly and accurately filed all
tax  returns  and  reports  required  to be filed by it (or extensions thereof),
including  all  federal,  foreign, state and local tax returns and estimates for
all years and periods (and portions thereof) for which any such returns, reports
or estimates were due.  All such returns, reports and estimates were prepared in
the  manner  required  by  applicable  law.  All income, sales, use, occupation,
property  or other taxes or assessments due from NetStrat have been paid.  There
are no pending assessments, asserted deficiencies or claims for additional taxes
that  have  not  been  paid.  The  reserves  for taxes, if any, reflected on the
NetStrat  Financial  Statements  are  adequate and there are no tax liens on any
property  or  assets  of NetStrat.  There have been no audits or examinations of
any  tax  returns or reports by any applicable governmental agency.  No state of
facts exists or has existed which would constitute grounds for the assessment of
any  penalty or of any further tax liability beyond that shown on the respective
tax  reports,  returns  or  estimates.  There  are  no outstanding agreements or
waivers  extending the statutory period of limitation applicable to any federal,
state  or  local  income  tax  return  or  report  for  any  period.

     (BI     All  taxes  which NetStrat has been required to collect or withhold
have been duly withheld or collected and, to the extent required, have been paid
to  the  proper  taxing  authority.

     (CI     NetStrat  is  not  a  party to any tax-sharing agreement or similar
arrangement  with  any  other  party.

     (DI     At  no  time has NetStrat been included in the federal consolidated
income  tax  return  of  any  affiliated  group  of  corporations.

     (EI     No  payment  which  NetStrat  is  obliged  to  pay to any director,
officer,  employee  or  independent  contractor  pursuant  to  the  terms  of an
employment  agree-ment,  severance  agreement  or  otherwise  will constitute an
excess  parachute  payment  as  defined  in  '280G  of  the  Code.

     (FI     NetStrat  is  not currently under any contractual obligation to pay
any  tax  obligations  of,  or  with respect to any transaction relating to, any
other  person  or  to  indemnify  any  other  person  with  respect  to any tax.

     4.6     TAX-FREE  REORGANIZATION.

     (AI     NetStrat  has  not  taken  or  agreed to take any action that would
prevent  the  Merger  from  constituting  a  reorganization qualifying under the
provi-sions  of  '368(a)  of  the  Code.

     (BI     NetStrat  is  not  an  investment  company  as  defined  in
''368(a)(2)(F)(iii)  and  (iv)  of  the  Code.

<PAGE>
     4.7     ABSENCE  OF  CERTAIN  CHANGES  OR EVENTS.  Since December 31, 1999,
NetStrat  has  not:

     (AI     suffered  any material adverse change in its financial condition or
in  the  operations  of  its  business,  nor any material adverse changes in its
balance  sheet,  (with  the  NetStrat  Financial  Statements  and any subsequent
balance  sheet  analyzed  as  if  each  had  been  prepared  according to GAAP),
including but not limited to cash distributions or material decreases in the net
assets  of  NetStrat;

     (BI     suffered  any  damage,  destruction  or  loss,  whether  covered by
insurance or not, materially and adversely affecting its properties or business;

     (CI     granted  or agreed to make any increase in the compensation payable
or  to become payable by it to its officers or employees, except those occurring
in  the  ordinary  course  of  business;

     (DI     declared,  set  aside  or  paid  any  dividend  or  made  any other
distribution on or in respect of the shares of its capital stock or declared any
direct  or  indirect redemption, retirement, purchase or other acquisition by it
of  such  shares;

     (EI     issued  any  shares  of  its capital stock or any warrants, rights,
options  or  entered  into  any commitment relating to its shares except for the
issuance  of  its  pursuant  to  the  exercise  of  outstanding  options;

     (FI     made  any change in the accounting methods or practices it follows,
whether  for general financial or tax purposes, or any change in depreciation or
amorti-zation  policies  or  rates  adopted  therein;

     (GI     sold,  leased, abandoned or otherwise disposed of any real property
or  any  machinery,  equipment  or  other  operating  property other than in the
ordinary  course  of  business;

     (HI     sold,  assigned, transferred, licensed or otherwise disposed of any
patent, trademark, trade name, brand name, copyright (or pending application for
any  patent,  trademark  or  copyright)  invention, work of authorship, process,
know-how,  formula  or  trade  secret or interest thereunder or other intangible
asset  except  in  the  ordinary  course  of  its  business;

     (II     suffered  any  labor  dispute;

     (JI     engaged  in any activity or entered into any material commitment or
transaction  (including without limitation any borrowing or capital expenditure)
other  than  in  the  ordinary  course  of  business;

     (KI     incurred  any liabilities except in the ordinary course of business
and  consistent  with  past  practice which would be required to be disclosed in
financial  statements  prepared  in  accordance  with  GAAP;

<PAGE>
     (LI     permitted  or allowed any of its property or assets to be subjected
to  any  mortgage,  deed  of  trust,  pledge,  lien,  security interest or other
encumbrance  of any kind, except those permitted under Section 4.8 hereof, other
than  any  purchase  money security interests incurred in the ordinary course of
business;

     (MI     made  any  capital  expenditure  or  commitment  for  additions  to
property,  plant  or  equipment  in  excess  of  One  Thousand Dollars ($1,000);

     (NI     paid,  loaned  or  advanced  any amount to, or sold, transferred or
leased any properties or assets to, or entered into any agreement or arrangement
with  any of its Affiliates, officers, directors or stockholder or any Affiliate
or  associate  of  any  of  the  foregoing;

     (OI     made  any amendment to or terminated any agreement which, if not so
amended  or  terminated,  would  be  required  to  be  disclosed on the NetStrat
Disclosure  Schedule;  or

     (PI     agreed  to  take  any  action  outside  of  its  ordinary course of
business  or  which  would  constitute  a  breach  of any of the representations
contained  in  this  Agreement.

     4.8     TITLE  AND RELATED MATTERS.  NetStrat has good and marketable title
to  all  the  properties, interests in properties and assets, real and personal,
reflected in the NetStrat Financial Statements or acquired after the date of the
NetStrat  Financial  Statements  (except properties, interests in properties and
assets  sold  or  otherwise disposed of since the date of the NetStrat Financial
Statements in the ordinary course of business), free and clear of all mortgages,
liens,  pledges,  charges  or  encumbrances of any kind or character, except the
lien  of current taxes not yet due and payable and except for liens which in the
aggregate  do not secure more than One Thousand Dollars ($1,000) in liabilities.
The  equipment  of  NetStrat  used  in  the operation of its business is in good
operating  condition  and repair.  All real or personal property leases to which
NetStrat  is  a  party  are  valid, binding, enforceable obligations of NetStrat
effective  in accordance with their respective terms.  There is not under any of
such  leases  any  existing material default or event of default or event which,
with  notice or lapse of time or both, would constitute a material default.  The
NetStrat  Disclosure  Schedule  contains  a description of all real and personal
property leased or owned by NetStrat, identifying such property and, in the case
of  real property, stating the monthly rental due, term of lease and square feet
leased.  True and correct copies of each of NetStrat's leases have been provided
to  GONT  or  its  representatives.

     4.9     PROPRIETARY  RIGHTS.

<PAGE>
     (AI     NetStrat  owns  all  right,  title and interest in and to, or valid
licenses  for  use  of,  all patents, copyrights, technology, software, software
tools,  know-how,  processes,  trade  secrets,  trademarks, service marks, trade
names  and  other  proprietary  rights  used  in or necessary for the conduct of
NetStrat's  business as conducted to the date hereof or contemplated, including,
without  limitation,  the  technology  and  all  proprietary rights developed or
discovered  or  used  in  connection  with  or  contained  in  the  NetStrat
Products/Services,  free  and  clear  of  all  liens,  claims  and  encumbrances
(including without limitation distribution rights) (all of which are referred to
as  "NetStrat  Proprietary  Rights")  and NetStrat has the right to transfer all
such rights to NetStrat as contemplated hereby.  The foregoing representation as
it  relates  to  NetStrat  Third-Party  Technology  (as  hereinafter defined) is
limited to NetStrat's interest pursuant to the NetStrat Third-Party Licenses (as
hereinafter  defined),  all of which are valid and enforceable and in full force
and  effect  and  which  grant  NetStrat such rights to the NetStrat Third-Party
Technology  as  are  employed  in  or  necessary  to the business of NetStrat as
conducted  or  proposed  to  be  conducted.  The  NetStrat  Disclosure  Schedule
contains  an  accurate  and  complete description of (i) all patents, trademarks
(with separate listings of registered and unregistered trademarks), trade names,
and  registered copyrights in or related to the NetStrat Products/ Services, all
applications  and  registration  statements therefor, and a list of all licenses
and other agreements relating thereto; and (ii) a list of all licenses and other
agreements  with third parties (the "NetStrat Third-Party Licenses") relating to
any  inventions, technology, know-how, or processes that NetStrat is licensed or
otherwise  authorized  by  such  third  parties  to  use,  market, distribute or
incorporate  into  products  distributed by NetStrat (such software, inventions,
technology, know-how and processes are collectively referred to as the "NetStrat
Third-Party  Technology").  NetStrat's  trademark  or  trade  name registrations
related  to  the  NetStrat Products/Services and all of NetStrat's copyrights in
any  of  the  NetStrat Products/Services are valid and in full force and effect,
and  consummation  of  the  transactions  contemplated  hereby will not alter or
impair  any  such  rights.  No  claims  have been asserted against NetStrat (and
NetStrat  is  not aware of any claims which are likely to be asserted against it
or which have been asserted against others) by any person challenging NetStrat's
use,  possession,  manufacture,  sale, provision or distribution of the NetStrat
Products/Services  under any patents, trademarks, trade names, copyrights, trade
secrets,  technology,  know-how  or  processes  utilized by NetStrat (including,
without  limitation,  the  NetStrat  Third-Party  Technology)  or challenging or
question-ing  the validity or effectiveness of any license or agreement relating
thereto  (including,  without  limitation,  the  NetStrat Third-Party Licenses).
There  is  no valid basis for any claim of the type specified in the immediately
preceding  sentence  which could in any material way relate to or interfere with
the  currently planned continued enhancement and exploitation by NetStrat of any
of  the  NetStrat Products/Services.  None of the NetStrat Products/Services nor
the  use  or  exploita-tion of any patents, trademarks, trade names, copyrights,
technology,  know-how or processes by NetStrat in its current business infringes
on  the  rights  of,  constitutes  misappro-priation  of, or in any way involves
unfair  competition  with  respect to, any proprietary information or intangible
property  right  of any third person or entity, including without limitation any
patent,  trade  secret,  copyright,  trademark  or  trade  name.

     (BI     No  employee  of  NetStrat  is  in  violation  of  any  term of any
employment  contract,  patent  disclosure  agreement  or  any  other contract or
agreement relating to the relationship of any such employee with NetStrat or, to
NetStrat's  actual  knowledge,  any  other  party  because  of the nature of the
business  conducted  by  NetStrat  or  proposed  to  be  conducted  by NetStrat.

<PAGE>
     (CI     Each person presently or previously employed by NetStrat (including
independent  contractors,  if  any)  with access to confidential information has
executed  a confidentiality and non-disclosure agreement pursuant to the form of
agreement  previously  provided  to  NetStrat  or  its  representatives.  Such
confidentiality  and  non-disclosure  agreements  constitute  valid  and binding
obligations  of  NetStrat  and such person, enforceable in accordance with their
respective terms.  Neither the execution or delivery of such agreements, nor the
carrying  on  of their business as employees by such persons, nor the conduct of
their  business  as  currently  anticipated,  will  conflict with or result in a
breach  of  the terms, conditions or provisions of or constitute a default under
any  contract,  covenant  or  instrument  under  which  any  of  such persons is
obligated.

     (DI     No  product  or  service  liability  or warranty claims which could
exceed  One  Thousand  Dollars ($1,000) have been communicated to, or threatened
against,  NetStrat  nor,  to  NetStrat's actual knowledge, is there any specific
situation,  set  of  facts  or  occurrence that provides a basis for such claim.

     4.10     EMPLOYEE  BENEFIT  PLANS.  There is no unfunded prior service cost
with  respect  to  any  bonus,  deferred  compensation, pension, profit-sharing,
retirement,  stock  purchase,  stock option, or other employee benefit or fringe
benefit  plans, whether formal or informal, maintained by NetStrat.  Each bonus,
deferred  compensation,  pension,  profit-sharing,  retirement,  stock purchase,
stock option, and other employee benefit or fringe benefit plans, whether formal
or  informal,  maintained by NetStrat conforms to all applicable requirements of
the  Employees Retirement Income Security Act.  The NetStrat Disclosure Schedule
lists and describes all profit-sharing, bonus, incentive, deferred compensation,
vacation,  severance  pay,  retirement,  stock  option, group insurance or other
plans  (whether  written  or  not)  providing  employee  benefits.

     4.11     BANK  ACCOUNTS.  The  NetStrat  Disclosure Schedule sets forth the
names  and  locations  of  all  banks,  trusts,  companies,  savings  and  loan
associations,  and  other  financial  institutions  at  which NetStrat maintains
accounts  of  any nature and the names of all persons authorized to draw thereon
or  make  withdrawals  therefrom.

     4.12     CONTRACTS.

     (AI     NetStrat  has  no agreements, contracts or commitments that provide
for  the  sale,  licensing  or  distribution by NetStrat of any of its products,
services,  inventions, technology, know-how, trademarks or trade names except in
the  ordinary  course  of  its  business.

     (BI     Without  limiting  the provisions of Section 4.9 and except for any
agreements  with GONT, NetStrat has not granted to any third party any exclusive
rights  of  any  kind  with  respect  to  any of the NetStrat Products/Services.

     (CI     There  is  no outstanding sales contract, commitment or proposal of
NetStrat  that  is  currently expected to result in any loss to NetStrat (before
allocation  of overhead and administrative costs) upon completion or performance
thereof.

     (DI     NetStrat  has  no  outstanding agreements, contracts or commitments
with  officers,  employees,  agents,  consultants,  advisors,  salesmen,  sales
representatives, distributors or dealers that are not cancelable by it on notice
of  not  longer than thirty (30) days and without liability, penalty or premium.

<PAGE>
     (EI     NetStrat  has  no  employment,  independent  contractor  or similar
agreement,  contract or commitment that is not terminable on no more than thirty
(30)  days'  notice  without penalty or liability of any type, including without
limitation  severance  or  termination  pay.

     (FI     NetStrat  has no currently effective collective bargaining or union
agreements,  contracts  or  commitments.

     (GI     NetStrat  is  not  restricted  by agreement from competing with any
person  or  from  carrying  on  its  business  anywhere  in  the  world.

     (HI     NetStrat  has  not  guaranteed  any obligations of other persons or
made  any  agreements  to acquire or guarantee any obligations of other persons.

     (II     NetStrat  has  no outstanding loan or advance to any person; nor is
it  party  to  any  line of credit, standby financing, revolving credit or other
similar  financing  arrangement  of any sort which would permit the borrowing by
NetStrat  of  any  sum  not  reflected  in  the  NetStrat  Financial Statements.

     (JI     All  material  contracts,  agreements  and  instruments  to  which
NetStrat  is  a  party  are  valid,  binding,  in  full  force  and  effect, and
enforceable  by  NetStrat  in  accordance  with their respective terms.  No such
material  contract,  agreement  or  instrument  contains  any  material
liquidated-damages, penalty or similar provision.  NetStrat has not received any
notice  from  any  party  to any such material contract, agreement or instrument
that  such  party  intends  to  cancel, withdraw, modify or amend such contract,
agreement  or  arrangement.

     (KI     The  NetStrat  Disclosure  Schedule  lists  all material agreements
pursuant  to  which  NetStrat  has  agreed to supply to any third party NetStrat
Products/Services.

     (LI     NetStrat is not in default under or in breach or violation of, nor,
to  its  actual  knowledge, is there any valid basis for any claim of default by
NetStrat  under, or breach or violation by NetStrat of, any contract, commitment
or  restriction  to  which  NetStrat  is  a  party  or to which it or any of its
properties  is bound, where such defaults, breaches, or violations would, in the
aggregate,  have  a  Material  Adverse Effect on NetStrat.  To NetStrat's actual
knowledge,  no other party is in default under or in breach or violation of, nor
is  there  any  valid basis for any claim of default by any other party under or
any  breach  or  violation  by  any  other  party  of,  any  material  contract,
commitment,  or  restriction  to  which NetStrat is bound or by which any of its
properties  is bound, where such defaults, breaches, or violations would, in the
aggregate,  have  a  Material  Adverse  Effect  on  NetStrat.

     (MI     All  agreements,  contracts  and  commitments  (the  "Material
Contracts")  listed or described in the NetStrat Disclosure Schedule pursuant to
this  Section  4.12  are  assumable,  or  will otherwise be the property of, the
Surviving  Corporation  following  the  Mergers  without  further  action by the
Surviving  Corporation  or  NetStrat.  If  any of the Material Contracts are not
assumable by or will not be the property of, the Surviving Corporation following
the  Mergers,  then  NetStrat  has described in the NetStrat Disclosure Schedule
such  actions  as  is  necessary  for assumption of the Material Contract by the
Surviving  Corporation.

<PAGE>
     (NI     True and correct copies of each document or instrument described in
the  NetStrat  Disclosure  Schedule pursuant to this Section 4.12 have been made
available  to  GONT  or  its  representatives.

     4.13     INSIDER  TRANSACTIONS.  No  Affiliate of NetStrat has any interest
in  (i)  any material equipment or other property, real or personal, tangible or
intangible,  including,  without  limitation, any item of intellectual property,
used  in  connection with or pertaining to the business of NetStrat; or (ii) any
creditor,  supplier,  customer,  agent  or representative of NetStrat; provided,
however,  that no such Affiliate or other person shall be deemed to have such an
interest  solely by virtue of the ownership of less than one percent (1%) of the
outstanding  stock or debt securities of any publicly-held company, the stock or
debt  securities of which are traded on a recognized stock exchange or quoted on
the  National  Association  of  Securities  Dealers  Automated Quotation System.

     4.14     INSURANCE.  The  NetStrat  Disclosure  Schedule contains a list of
the  principal  policies of fire, liability and other forms of insurance held by
NetStrat.

     4.15     DISPUTES  AND  LITIGATION.  Except  as  set  forth in the NetStrat
Disclosure  Schedule,  there  is  no  suit,  action,  litigation,  proceeding,
investigation,  claim,  complaint,  or  accusation  pending, or to its knowledge
threatened  against  or  affecting  NetStrat or any of its properties, assets or
business  or to which NetStrat is a party, in any court or before any arbitrator
of  any  kind  or  before  or  by  any  governmental  agency (including, without
limitation, any federal, state, local, foreign or other governmental department,
commission,  board,  bureau,  agency  or instrumentality), and to its knowledge,
there  is no basis for such suit, action, litigation, proceeding, investigation,
claim, complaint, or accusation; (b) there is no pending or threatened change in
any  environmental,  zoning  or  building  laws, regulations or ordinances which
affect  or could affect NetStrat or any of its properties, assets or businesses;
and  (c)  there  is  no outstanding order, writ, injunction, decree, judgment or
award  by  any  court,  arbitrator  or  governmental  body  against or affecting
NetStrat  or any of its properties, assets or business.  There is no litigation,
proceeding,  investigation,  claim, complaint or accusation, formal or informal,
or  arbitration  pending,  or any of the aforesaid threatened, or any contingent
liability which would give rise to any right of indemnification or similar right
on  the  part of any director or officer of NetStrat or any such person's heirs,
executors  or  administrators  as  against  NetStrat.

<PAGE>
     4.16     COMPLIANCE  WITH  LAWS.  NetStrat  has  at  all  times  been,  and
presently  is,  in  full  compliance  with,  and  has not received notice of any
claimed  violation  of,  any applicable federal, state, local, foreign and other
laws,  rules and regulations.  NetStrat has filed all returns, reports and other
documents  and  furnished  all information required or requested by any federal,
state,  local  or  foreign  governmental  agency  and all such returns, reports,
documents  and  information are true and complete in all respects.  All permits,
licenses,  orders,  franchises  and  approvals  of  all federal, state, local or
foreign  governmental  or regulatory bodies required of NetStrat for the conduct
of  its  business have been obtained, no violations are or have been recorded in
respect  of  any  such  permits, licenses, orders, franchises and approvals, and
there is no litigation, proceeding, investigation, arbitration, claim, complaint
or  accusation,  formal  or  informal,  pending or threatened, which may revoke,
limit,  or question the validity, sufficiency or continuance of any such permit,
license,  order,  franchise  or  approval.  Such  permits,  licenses,  orders,
franchises  and  approvals are valid and sufficient for all activities presently
carried  on  by  NetStrat.

     4.17     SUBSIDIARIES.  NetStrat  has  no  subsidiaries.  NetStrat does not
own  or  control  (directly  or  indirectly)  any  capital stock, bonds or other
securities  of,  and  does  not  have  any  proprietary  interest  in, any other
corporation,  general  or  limited  partnership,  firm,  association or business
organization,  entity  or enterprise, and NetStrat does not control (directly or
indirectly)  the  management  or policies of any other corporation, partnership,
firm,  association  or  business  organization,  entity  or  enterprise.

     4.18     ENVIRONMENTAL  MATTERS.

     (AI     As  of  the  date  hereof, no underground storage tanks are present
under  any  property  that NetStrat has at any time owned, operated, occupied or
leased.  As  of  the  date hereof except as set forth in the NetStrat Disclosure
Schedule,  no  material  amount of any substance that has been designated by any
governmental  entity  or  by  applicable  federal,  state  or  local  law  to be
radioactive,  toxic,  hazardous  or  otherwise  a  danger  to  health  or  the
environment,  including,  without  limitation,  PCBs,  asbestos,  petroleum,
urea-formaldehyde  and all substances listed as hazardous substances pursuant to
the  Comprehensive  Environmental  Response,  Compensation, and Liability Act of
1980,  as amended, or defined as a hazardous waste pursuant to the United States
Resource  Conservation and Recovery Act of 1976, as amended, and the regulations
promulgated  pursuant  to  said laws (a "Hazardous Material"), excluding office,
janitorial  and  other  immaterial  supplies,  are  present,  as a result of the
actions  of  NetStrat  or,  to  NetStrat's  actual knowledge, as a result of any
actions of any third party or otherwise, in, on or under any property, including
the  land  and  the  improvements, ground water and surface water, that NetStrat
have  at  any  time  owned,  operated,  occupied  or  leased.

     (BI     At  no  time  has NetStrat transported, stored, used, manufactured,
disposed  of, released or exposed its employees or others to Hazardous Materials
in  violation  of  any  law  in  effect  on  or before the Closing Date, nor has
NetStrat  disposed of, transported, sold, or manufactured any product containing
a  Hazardous  Material  in  violation of any rule, regulation, treaty or statute
promulgated  by  any  governmental  entity  to  prohibit,  regulate  or  control
Hazardous  Materials  or  any  Hazardous  Material  Activities.

     (CI     NetStrat  currently  holds  all  environmental  approvals, permits,
licenses,  clearances  and consents necessary for the conduct of its business as
such  business  is  currently  being  conducted,  the  absence of which would be
reasonably  likely  to  have  a  Material  Adverse  Effect  on  NetStrat.

     (DI     No  action, proceeding, revocation proceeding, amendment procedure,
writ,  injunction  or  claim is pending or, to the actual knowledge of NetStrat,
threatened  concerning  any  Environmental Permit.  NetStrat is not aware of any
fact  or  circumstance which could involve it in any environmental litigation or
impose  upon  it any environmental liability which would be reasonably likely to
have  a  Material  Adverse  Effect  on  NetStrat.

<PAGE>
     4.19     CORPORATE  DOCUMENTS.  NetStrat  has  furnished  to  GONT  for its
examination:  (i)  copies  of  its  Certificate or Articles of Incorporation and
Bylaws;  (ii) its Minute Book containing all records required to be set forth of
all  proceedings, consents, actions, and meetings of the stockholders, the board
of directors and any committees thereof; (iii) all permits, orders, and consents
issued  by  any regulatory agency with respect to NetStrat, or any securities of
NetStrat,  and all applications for such permits, orders, and consents; and (iv)
their  stock  transfer  books  setting forth all transfers of any capital stock.
The  corporate  minute books, stock certificate books, stock registers and other
corporate  records  of  NetStrat  are  complete  and  accurate  in  all material
respects,  and  the  signatures appearing on all documents contained therein are
the  true  signatures  of  the  persons purporting to have signed the same.  All
actions  reflected  in  such  books  and  records were duly and validly taken in
compliance  with  the  laws  of  the  applicable  jurisdiction.

     4.20     NO  BROKERS.  NetStrat is not obligated for the payment of fees or
expenses  of  any broker or finder in connection with the origin, negotiation or
execution  of  this Agreement or the Certificate of Merger or in connection with
any  transaction  contemplated  hereby  or  thereby.

     4.21     DISCLOSURE.  No statements by NetStrat contained in this Agreement
and  the  Exhibits  and  NetStrat Disclosure Schedule attached hereto, any other
Transaction  Document or any written statement or certificate furnished or to be
furnished  pursuant  hereto  or in connection with the transactions contemplated
hereby  and  thereby  (when  read  together)  contains any untrue statement of a
material  fact  or omits to state a material fact necessary in order to make the
statements  contained  herein  or  therein  not  misleading  in  light  of  the
circumstances  under  which  they  were  made.

     5.     PRECLOSING  COVENANTS  OF  GONT  AND  WESTLAKE.

     5.1     NOTICES  AND  APPROVALS.  GONT  agrees:  (a)  to  give and to cause
Westlake  to  give all notices to third parties which may be necessary or deemed
desirable  by NetStrat in connection with this Agreement and the consummation of
the  transactions contemplated hereby; (b) to use its best efforts to obtain and
to  cause  Westlake  to  obtain,  all  federal and state governmental regulatory
agency  approvals,  consents,  permit,  authorizations,  and orders necessary or
deemed  desirable  by  NetStrat  in  connection  with  this  Agreement  and  the
consummation  of  the  transaction  contemplated hereby; and (c) to use its best
efforts  to  obtain,  and  to  cause  Westlake  to  obtain,  all  consents  and
authorizations  of  any  other  third  parties  necessary or deemed desirable by
NetStrat  in  connection  with  this  Agreement  and  the  consummation  of  the
transactions  contemplated  hereby.

<PAGE>
     5.2     INFORMATION  FOR  NETSTRAT'S STATEMENTS AND APPLICATIONS.  GONT and
Westlake  and  their  employees, accountants and attorneys shall cooperate fully
with  NetStrat  in  the  preparation  of  any statements or applications made by
NetStrat  to  any  federal or state governmental regulatory agency in connection
with  this  Agreement  and  the  transactions contemplated hereby and to furnish
NetStrat  with  all information concerning GONT and Westlake necessary or deemed
desirable  by  NetStrat  for  inclusion  in  such  statements  and applications,
including, without limitation, all requisite financial statements and schedules.

     6.     PRECLOSING  COVENANTS  OF  NETSTRAT.

     6.1     NOTICES AND APPROVALS.  NetStrat agrees: (a) to give all notices to
third  parties  which may be necessary or deemed desirable by GONT in connection
with  this  Agreement  and  the  consummation  of  the transactions contemplated
hereby; (b) to use its best efforts to obtain all federal and state governmental
regulatory  agency  approvals,  consents,  permit,  authorizations,  and  orders
necessary  or deemed desirable by GONT in connection with this Agreement and the
consummation  of  the  transaction  contemplated hereby; and (c) to use its best
efforts  to  obtain  all  consents and authorizations of any other third parties
necessary  or deemed desirable by GONT in connection with this Agreement and the
consummation  of  the  transactions  contemplated  hereby.

     6.2     ADVICE  OF  CHANGES.  NetStrat will promptly advise GONT in writing
(i)  of any event occurring subsequent to the date of this Agreement which would
render  any  representation or warranty of NetStrat contained in this Agreement,
if  made  on  or  as  of  the  date of such event or the Closing Date, untrue or
inaccurate  in  any  material respect and (ii) of any material adverse change in
NetStrat's  business,  taken  as  a  whole.

     6.3     INFORMATION  FOR  GONT'S STATEMENTS AND APPLICATIONS.  NetStrat and
its  employees, accountants and attorneys shall cooperate fully with GONT in the
preparation  of  any  statements  or applications made by GONT to any federal or
state  governmental  regulatory agency in connection with this Agreement and the
transactions  contemplated  hereby  and  to  furnish  GONT  with all information
concerning  NetStrat necessary or deemed desirable by GONT for inclusion in such
statements  and  applications,  including,  without  limitation,  all  requisite
financial  statements  and  schedules.

     6.4     CONDUCT  OF BUSINESS BY NETSTRAT.  Until the Closing, NetStrat will
continue  to conduct its business and maintain its business relationships in the
ordinary  and  usual  course  and will not, without the prior written consent of
GONT:

     (AI     borrow  any  money;

     (BI     lease,  license,  sell,  transfer  or  encumber  or  permit  to  be
encumbered  any  asset, intellectual property right or other property associated
with  the  business  of  NetStrat (including sales or transfers to Affiliates of
NetStrat);

     (CI     dispose  of  any  of  its  assets;

     (DI     enter  into  any  lease or contract for the purchase or sale of any
property,  real  or  personal;

     (EI     pay  any  bonus,  increased  salary, or special remuneration to any
officer  or  employee,  including  any  amounts for accrued but unpaid salary or
bonuses;

<PAGE>
     (FI     change  accounting  methods;

     (GI     declare,  set  aside  or  pay  any  cash or stock dividend or other
distribution  in  respect  of capital, or redeem or otherwise acquire any of its
capital  stock;

     (HI     amend  or  terminate any contract, agreement or license to which it
is  a  party;

     (II     loan  any  amount  to any person or entity, or guaranty or act as a
surety  for  any  obligation;

     (JI     issue  or  sell any shares of its capital stock of any class or any
other  of  its  securities,  or  issue  or  create  any  warrants,  obligations,
subscriptions,  options,  convertible  securities, or other commitments to issue
shares  of  capital  stock;

     (KI     split or combine the outstanding shares of its capital stock of any
class  or  enter  into  any recapitalization affecting the number of outstanding
shares  of  its  capital  stock  of  any  class  or  affecting  any other of its
securities;

     (LI     amend  its  Certificate  of  Incorporation  or  Bylaws;

     (MI     make  or  change any election, change any annual accounting period,
adopt  or  change any accounting method, file any amended tax return, enter into
any  closing  agreement, settle any tax claim or assessment, surrender any right
to  claim  refund of taxes, consent to any extension or waiver of the limitation
period  applicable  to  any tax claim or assessment, or take any other action or
omit  to  take  any  action,  if any such election, adoption, change, amendment,
agreement, settlement, surrender, consent or other action or omission would have
the  effect  of  increasing  the  tax  liability  of  NetStrat;

     (NI     do  anything  that would cause there to be material adverse changes
in  its  Financial  Statements (with such Financial Statements analyzed as if it
had  been  prepared  according  to  GAAP,  and including but not limited to cash
distributions  or material decreases in the net assets of NetStrat), between the
date  of  the  NetStrat  Financial  Statements  and  the  Closing  Date;  or

     (OI     agree  to  do  any of the things described in the preceding clauses
Section  6.4(a)  through  (n).

     7.     MUTUAL  COVENANTS.

<PAGE>
     7.1     DUE  DILIGENCE,  INVESTIGATION,  AND AUDITS.  At such time prior to
the  Closing  as may be reasonably requested, each party shall make available to
the  other party and the other party's employees, agents and representatives all
information  concerning  the  operation, business and prospects of such party as
may  be reasonably requested by the other party.  Each party will cooperate with
the  other  party  for the purpose of permitting the other party to discuss such
party's business and prospects with such party's customers, creditors, suppliers
and  other  persons  having  business  dealings  with  such  party,  subject  to
reasonable  confidentiality  obligations  between  the  parties.

     7.2     REGULATORY  FILINGS;  CONSENTS; REASONABLE EFFORTS.  Subject to the
terms  and  conditions  of this Agreement, GONT, Westlake and NetStrat shall use
their  respective best efforts to (i) make all necessary filings with respect to
the  Merger and this Agreement under the Securities Act, and applicable blue sky
or  similar  securities  laws  and  shall  use  all reasonable efforts to obtain
required  approvals  and  clearances  with  respect thereto and shall supply all
additional  information  requested  in  connection  therewith;  (ii) make merger
notification  or  other  appropriate  filings  with  federal,  state  or  local
governmental  bodies  or  applicable foreign governmental agencies and shall use
all  reasonable efforts to obtain required approvals and clearances with respect
thereto  and  shall  supply  all  additional information requested in connection
therewith;  (iii)  obtain  all  consents, waivers, approvals, authorizations and
orders  required in connection with the authorization, execution and delivery of
this Agreement and the consummation of the Merger; and (iv) take, or cause to be
taken,  all  appropriate  action,  and  do,  or  cause  to  be  done, all things
necessary,  proper  or advisable to consummate and make effective as promptly as
practicable  the  transactions  contemplated  by  this  Agreement.

     7.3     FURTHER ASSURANCES.  Prior to and following the Closing, each party
agrees  to  cooperate  fully  with the other parties and to execute such further
instruments,  documents  and  agreements  and  to  give  such  further  written
assurances, as may be reasonably requested by any other party to better evidence
and  reflect  the  transactions  described herein and contemplated hereby and to
carry  into  effect  the  intents  and  purposes  of  this  Agreement.

     8.     CLOSING  MATTERS.

     8.1     REGISTRATION  STATEMENT.  Within  90  days  of  execution  of  this
Agreement,  GONT  shall  prepare  and  file  with  the  Securities  and Exchange
Commission a Registration Statement on Form S-4 for the registration of the GONT
Common  Stock  issued  to the NetStrat Shareholders hereunder (the "Registration
Statement").  GONT  shall use its reasonable best efforts to obtain clearance of
such Registration Statement with the SEC.  GONT shall pay all costs and expenses
incurred  in  connection with such registration statement and shall make any and
all  appropriate  blue sky filings required in connection with such Registration
Statement.  The  Closing  shall occur upon the effectiveness of the Registration
Statement.

8.2     FILING  OF  CERTIFICATES OF MERGER.  On the date of the Closing, but not
prior  to  the Closing, the Certificates of Merger for the Merger shall be filed
with  the  offices of the Secretary of State of the State of Nevada and Colorado
and  the  merger  of  NetStrat  with  and  into  Westlake  shall be consummated.

<PAGE>
     8.3     DELIVERY OF DOCUMENTS.  On or before the Closing, the parties shall
deliver  the  documents,  and  shall  perform  the  acts, which are set forth in
Sections  9  and  10,  as  specified in such Sections, including delivery of the
counterpart  signature  pages  of  the  Transaction  Documents executed by GONT,
Westlake  and/or  NetStrat,  as  the  case  may be.  All documents which GONT or
Westlake  shall  deliver or cause to be delivered shall be in form and substance
reasonably satisfactory to NetStrat.  All documents which NetStrat shall deliver
or  cause to be delivered shall be in form and substance reasonably satisfactory
to  GONT.

     9.     CONDITIONS  TO GONT'S OBLIGATIONS.  Unless otherwise provided below,
GONT's  and  Westlake's obligations to close the transactions contemplated under
this Agreement are subject to the fulfillment or satisfaction by Closing of each
of the following conditions (any one or more of which may be waived by GONT, but
only  in  a  writing  signed  by  GONT):

     9.1     ACCURACY  OF  REPRESENTATIONS  AND WARRANTIES.  The representations
and  warranties of NetStrat set forth in Section 4 shall be true in all material
respects  on and as of the Closing with the same force and effect as if they had
been  made  at  the Closing, and GONT shall receive a certificate to such effect
executed  by  the  Chairmen  and  Presidents  of  NetStrat.

     9.2     COVENANTS.  NetStrat  shall have performed and complied with all of
its  covenants  contained in Sections 6 and 7 on or before the Closing, and GONT
shall  receive  a  certificate  from  NetStrat  to  such  effect executed by the
Presidents  of  NetStrat.

     9.3     NO  LITIGATION.  On  and  as  of  the  Closing,  no  litigation  or
proceeding  shall  be threatened or pending against NetStrat with the purpose or
with  the  probable effect of enjoining or preventing the consummation of any of
the  transactions  contemplated  by  this  Agreement,  and  GONT shall receive a
certificate  to  such  effect  executed  by  the  President  of  NetStrat.

     9.4     NO  ADVERSE  DEVELOPMENT.  There  shall  not have been any material
adverse  changes  in  the  financial  condition,  results of operations, assets,
liabilities, business or prospects of NetStrat since the date of this Agreement,
and GONT shall receive a certificate to such effect executed by the President of
NetStrat.

     9.5     AUTHORIZATIONS.  GONT  shall  have  received  from NetStrat written
evidence  that the execution, delivery and performance of NetStrat's obligations
under  this  Agreement  and the Certificate of Merger have been duly and validly
approved  and  authorized  by  the  Board  of  Directors  of  NetStrat.

     9.6     GOVERNMENT CONSENTS.  There shall have been obtained at or prior to
the Closing such permits or authorizations, and there shall have been taken such
other action, as may be required by any regulatory authority having jurisdiction
over  the  parties  and the subject matter and the actions herein proposed to be
taken.

     9.7     FILING  OF  CERTIFICATE  OF  MERGER.  As  of  the  Closing,  the
Certificate of Merger for the Merger shall have been filed with the Secretary of
State  of  the  State  of  Nevada  and  the  Secretary  of State of the State of
Colorado.

     10.     CONDITIONS  TO  NETSTRAT'S  OBLIGATIONS.  Unless otherwise provided
below, the obligations of NetStrat is subject to the fulfillment or satisfaction
by Closing, of each of the following conditions (any one or more of which may be
waived  by  NetStrat,  but  only  in  a  writing  signed  by  NetStrat):

<PAGE>
     10.1     ACCURACY  OF  REPRESENTATIONS AND WARRANTIES.  The representations
and  warranties of GONT and Westlake contained in Section 3 shall be true in all
material  respects on and as of the Closing with the same force and effect as if
they  had  been  made  at  the  Closing.

     10.2     COVENANTS.  GONT  and  Westlake  shall have performed and complied
with  all  of  its  covenants  contained  in  Sections  5 and 6 on or before the
Closing.

     10.3     AUTHORIZATIONS.  NetStrat  shall  have  received from GONT written
evidence  that the execution, delivery and performance of this Agreement and the
Certificate  of  Merger  have  been  duly and validly approved and authorized by
GONT's  Board  of  Directors  and  by  Westlake's  Board  of  Directors.

     10.4     FILING  OF  CERTIFICATE  OF  MERGER.  As  of  the  Closing,  the
Certificate of Merger for the Merger shall have been filed with the Secretary of
State  of  the  State  of  Nevada  and  the  Secretary  of State of the State of
Colorado.

     11.     TERMINATION  OF  AGREEMENT.

     11.1     TERMINATION.  This  Agreement  may be terminated at any time prior
to  the  Closing  by  the  mutual written consent of each of the parties hereto.
This  Agreement  may  also  be  terminated  and  abandoned:

     (A)     By  NetStrat  if  any  of  the  conditions  precedent to NetStrat's
obligations  pursuant  to  Section 10 shall not have been fulfilled at and as of
the  Closing.

     (B)     By GONT if any of the conditions precedent to GONT's and Westlake's
obligations  pursuant to Section 9 above shall not have been fulfilled at and as
of  the  Closing.

     Any termination of this Agreement under this Section 11.1 shall be effected
by  the delivery of written notice of the terminating party to the other parties
hereto.

     12.     MISCELLANEOUS.

     12.1     GOVERNING  LAWS.  It  is  the intention of the parties hereto that
the  internal laws of the State of California (irrespective of its choice of law
principles) shall govern the validity of this Agreement, the construction of its
terms,  and  the  interpretation and enforcement of the rights and duties of the
parties  hereto.

     12.2     BINDING  UPON  SUCCESSORS  AND  ASSIGNS.  Subject  to,  and unless
otherwise  provided  in,  this  Agreement, each and all of the covenants, terms,
provisions,  and agreements contained herein shall be binding upon, and inure to
the  benefit  of,  the  permitted successors, executors, heirs, representatives,
administrators  and  assigns  of  the  parties  hereto.

<PAGE>
     12.3     SEVERABILITY.  If  any  provision  of  this  Agreement,  or  the
application  thereof,  shall  for  any  reason  and  to any extent be invalid or
unenforceable, the remainder of this Agreement and application of such provision
to  other persons or circumstances shall be interpreted so as best to reasonably
effect  the  intent of the parties hereto.  The parties further agree to replace
such  void  or  unenforceable  provision  of  this  Agreement  with  a valid and
enforceable  provision which will achieve, to the extent possible, the economic,
business  and  other  purposes  of  the  void  or  unenforceable  provision.

     12.4     ENTIRE  AGREEMENT.  This  Agreement,  the  exhibits  hereto,  the
documents  referenced  herein,  and  the exhibits thereto, constitute the entire
understanding  and  agreement  of the parties hereto with respect to the subject
matter hereof and thereof and supersede all prior and contemporaneous agreements
or  understandings,  inducements  or  conditions, express or implied, written or
oral,  between  the  parties with respect hereto and thereto.  The express terms
hereof  control  and  supersede  any course of performance or usage of the trade
inconsistent  with  any  of  the  terms  hereof.

     12.5     COUNTERPARTS.  This  Agreement  may  be  executed in any number of
counterparts,  each  of  which  shall  be an original as against any party whose
signature appears thereon and all of which together shall constitute one and the
same  instrument.  This  Agreement  shall  become  binding  when  one  or  more
counterparts  hereof,  individually or taken together, shall bear the signatures
of  all  of  the  parties  reflected  hereon  as  signatories.

     12.6     EXPENSES.  Except  as  provided to the contrary herein, each party
shall  pay  all  of  its  own  costs  and  expenses incurred with respect to the
negotiation,  execution and delivery of this Agreement, the exhibits hereto, and
the  other  Transaction  Documents.

     12.7     AMENDMENT  AND  WAIVERS.  Any  term or provision of this Agreement
may  be  amended, and the observance of any term of this Agreement may be waived
(either  generally  or  in  a  particular  instance  and either retroactively or
prospectively)  only  by a writing signed by the party to be bound thereby.  The
waiver  by a party of any breach hereof for default in payment of any amount due
hereunder or default in the performance hereof shall not be deemed to constitute
a  waiver  of  any  other  default  or  any  succeeding  breach  or  default.

     12.8     SURVIVAL  OF  AGREEMENTS.  All  covenants,  agreements,
representations  and  warranties  made  herein  shall  survive the execution and
delivery of this Agreement and the consummation of the transactions contemplated
hereby  notwithstanding  any  investigation  of  the  parties  hereto  and shall
terminate  on  the  date  one  year  after  the  Closing  Date.

     12.9     NO  WAIVER.  The  failure  of  any  party  to  enforce  any of the
provisions  hereof  shall  not  be construed to be a waiver of the right of such
party  thereafter  to  enforce  such  provisions.

<PAGE>
     12.10     ATTORNEYS'  FEES.  Should suit be brought to enforce or interpret
any  part  of this Agreement, the prevailing party shall be entitled to recover,
as  an  element  of  the costs of suit and not as damages, reasonable attorneys'
fees to be fixed by the court (including without limitation, costs, expenses and
fees  on  any  appeal).  The  prevailing  party  shall  be the party entitled to
recover  its  costs  of  suit, regardless of whether such suit proceeds to final
judgment.  A  party  not  entitled to recover its costs shall not be entitled to
recover  attorneys'  fees.  No  sum  for  attorneys'  fees  shall  be counted in
calculating  the  amount of a judgment for purposes of determining if a party is
entitled  to  recover  costs  or  attorneys'  fees.

     12.11     NOTICES.  Any  notice  provided  for  or  permitted  under  this
Agreement  will  be  treated as having been given when (a) delivered personally,
(b)  sent  by  confirmed  telex  or  telecopy,  (c) sent by commercial overnight
courier  with  written verification of receipt, or (d) mailed postage prepaid by
certified  or  registered  mail,  return  receipt  requested, to the party to be
notified,  at  the  address set forth below, or at such other place of which the
other  party has been notified in accordance with the provisions of this Section
13.11.

GONT  or  Westlake:     Go  Online  Networks  Corporation
                        5681  Beach  Blvd.,  Suite  101
                        Buena  Park,  CA  90621
                        Attn:  Joseph  M.  Naughton
                        Facsimile  No.:  (714)  736-9488

                        With  copy  to:
                        Cutler  Law  Group
                        610  Newport  Center  Drive,  Suite  800
                        Newport  Beach,  CA  92660
                        Attn:  M.  Richard  Cutler
                        Facsimile  No.:  (949)  719-1977

NetStrat:
                        6301  Indian  School  Road
                        Albuquerque,  NM  87123
                        Attn:  Jack  Benezra
                        Facsimile  No.:  (___)_____________

Such  notice  will  be  treated  as  having  been  received upon actual receipt.

     12.12     TIME.  Time  is  of  the  essence  of  this  Agreement.

     12.13     CONSTRUCTION OF AGREEMENT.  This Agreement has been negotiated by
the  respective parties hereto and their attorneys and the language hereof shall
not  be  construed for or against any party.  The titles and headings herein are
for  reference  purposes only and shall not in any manner limit the construction
of  this  Agreement  which  shall  be  considered  as  a  whole.

     12.14     NO  JOINT  VENTURE.  Nothing contained in this Agreement shall be
deemed  or  construed  as creating a joint venture or partnership between any of
the  parties  hereto.  No  party is by virtue of this Agreement authorized as an
agent, employee or legal representative of any other party.  No party shall have
the power to control the activities and operations of any other and their status
is,  and at all times, will continue to be, that of independent contractors with
respect  to  each  other.  No party shall have any power or authority to bind or
commit  any  other.  No  party  shall hold itself out as having any authority or
relationship  in  contravention  of  this  Section  13.14.

<PAGE>
     12.15     PRONOUNS.  All  pronouns  and  any  variations  thereof  shall be
deemed to refer to the masculine, feminine or neuter, singular or plural, as the
identity  of  the  person,  persons,  entity  or  entities  may  require.

     12.16     FURTHER  ASSURANCES.  Each  party  agrees to cooperate fully with
the  other  parties  and  to  execute  such  further  instruments, documents and
agreements  and  to  give  such further written assurances, as may be reasonably
requested  by  any  other  party to better evidence and reflect the transactions
described  herein  and  contemplated hereby and to carry into effect the intents
and  purposes  of  this  Agreement.

     12.17     ABSENCE  OF  THIRD-PARTY  BENEFICIARY  RIGHTS.  Except  for  the
agreements  provided for in Section 5.2 of this Agreement, no provisions of this
Agreement  are  intended,  nor  shall  be  interpreted, to provide or create any
third-party  bene-ficiary  rights or any other rights of any kind in any client,
customer,  affiliate,  stockholder,  partner  of  any  party hereto or any other
person or entity except employees and stockholders of GONT specifically referred
to  herein,  and, except as so provided, all provisions hereof shall be personal
solely  between  the  parties  to  this  Agreement.

<PAGE>
     IN  WITNESS  WHEREOF, the parties hereto have executed this Agreement as of
the  date  first  set  forth  above.

GO  ONLINE  NETWORKS  CORPORATION     WESTLAKE  CAPITAL  CORP.
a  Delaware  corporation              a  Colorado  corporation

By: /s/ Joseph M. Naughton            By: /s/ Joseph M. Naughton
    Joseph  M.  Naughton                  Joseph  M.  Naughton
    President                             President

NETSTRAT,  INC.
a  Nevada  corporation

By: /s/ Jack Benezra
   Jack  Benezra
   President

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