Document:

<PAGE>

                                                               EXHIBIT 10.6

                             ACCQUISITION AGREEMENT

         THIS ACQUISITION AGREEMENT (this "AGREEMENT") is dated as of January
29, 1999, by and between POSITIVE ASSET REMARKETING, INC., a Massachusetts
corporation ("PAR") and its undersigned shareholders (each a "SHAREHOLDER" and,
collectively, the "SHAREHOLDERS"), and WORLD WIDE WEB NETWORX CORPORATION, a
Delaware corporation ("WWWX").

                                    RECITALS

         A. PAR holds certain rights under a Memorandum of Understanding dated
October 26, 1998 (the "MOU") by and among B.D.F., LLC an affiliate of Michael
Fox International, Inc. (together, "FOX"), Henry Butcher USA, Inc. ("BUTCHER"),
and PAR, to a 50% membership interest ("PAR'S MEMBERSHIPS INTEREST") in
AsseTrade.com, a to-be-formed Delaware limited liability company ("ASSETRADE").
As of the date of this Agreement, AsseTrade has been created as AsseTrade.com,
Inc., a Delaware corporation, with the intent that is shall be re-created as a
limited liability company as soon as feasible following the closing under this
Agreement. As used herein, "Par's Membership Interest" shall include PAR's
rights under the MOU to 50% of any capital stock issued by AsseTrade.com, Inc.,
and any such capital stock that may have been issued to PAR prior to the date
hereof.

         B. Under the terms of the MOU, Butcher-Fox, LLC, a Maryland limited
liability company owned by Butcher and Fox ("BUTCHER-FOX"), holds or will hold
the remaining 50% membership interest in AsseTrade ("BUTCHER-FOX'S MEMBERSHIP
INTEREST").

         C. AsseTrade expects to hold certain worldwide, perpetual licensing
rights to the ORBIT System Software (On-line Reciprocal Business and Inventory
Transaction System), an electronic commerce system to be used as a transaction
tool for auction sales conducted over the internet ("ORBIT"), pursuant to a
Software License Agreement to be entered into with BarterOne, LLC (the "ORBIT
LICENSE"), and intends to engage in the business of developing and marketing
on-line auction services to major corporation (the "BUSINESS"). PAR holds
certain additional assets and right used or useful in the conduct of the
Business, including certain rights related to ORBIT (the "PAR ASSETS").

         D. PAR desires to transfer the PAR Assets and one-half of PAR's
Membership Interest (collectively, the "PURCHASED ASSETS") to WWWX, and WWWX
desires to acquire the Purchased Assets, on the terms and subject to the
conditions set forth herein.

         E. The Shareholders collectively own all of the issued and outstanding
shares of the capital stock of PAR, and WWWX desires that the Shareholders enter
into certain agreements with WWWX as a condition precedent to the closing
hereunder.

         NOW THEREFORE, in consideration of the mutual covenants herein and for
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, and intending to be legally bound hereby, the parties agree
as follows:

<PAGE>

         SECTION 1. PURCHASE AND SALE

         1.1 AGREEMENT TO SELL. At the Closing (hereinafter defined), PAR shall
sell, grant, convey, transfer, assign and deliver to WWWX, upon the terms and
subject to the conditions of this Agreement, free and clear of all liens,
encumbrances and charges of any kind, one-half of PAR's Membership Interest
(i.e., a 25% membership interest in AsseTrade or 25% of the issued and
outstanding capital stock of AsseTrade.com, Inc.) and the PAR Assets. As used
herein, the "PAR Assets" shall include all of PAR's right, title and interest in
and to assets (other than PAR's Membership Interest) of any kind, character and
description, whether tangible, intangible, real, personal or mixed, wherever
located, including but not limited to the assets set forth in Schedule 1.1
hereto and all equipment, inventories, accounts receivable, trade secrets,
customer lists, goodwill, intellectual property, contracts, books and records,
telephone numbers, licenses, permits, software, hardware and disks, data filed
(whether on disks or other media), logos, trademarks, tradenames, marketing
materials, technology, and technical know-how.

         1.2 AGREEMENT TO PURCHASE. At the Closing, WWWX shall acquire from PAR,
upon the terms and subject to the conditions of this Agreement and in reliance
upon the representations and warranties of PAR and the Shareholders in this
Agreement and in the Exhibits and Schedules hereto, the Purchased Assets and, as
consideration therefore, shall pay to PAR the Purchase Price (hereinafter
defined).

         SECTION 2. PURCHASE PRICE; NO ASSUMPTION OF LIABILITIES

         2.1 PURCHASE PRICE. In consideration for the Purchased Assets and the
Non-Competition Agreement set forth below (the "PURCHASE PRICE"), WWWX shall
issue and deliver to PART Three Million Five Hundred Thousand (3,500,000) fully
paid and non-assessable shares of the common stock of WWWX (the "WWWX Stock"),
which shares are being issued in a private placement subject to all applicable
Federal and State securities laws, regulations and restrictions, and shall bear
a legend to that effect.

         2.2 NO ASSUMPTION OF LIABILITIES. WWWX is not assuming or agreeing to
pay or discharge any of the liabilities and obligations of PAR, whether or not
associated with or arising out of the Business, and nothing in this Agreement or
otherwise shall be construed to the contrary. All such liabilities and
obligations, whether known or unknown, direct or contingent, in litigation or
threatened or not yet asserted with respect to any aspect of the Business or
otherwise are and shall remain the responsibility of PAR. Without limiting the
generality of the foregoing, PAR shall remain specifically responsible for (a)
any liabilities with respect to any Taxes (as herein defined), (b) any
obligation for any employee grievance pending at the Closing Date or accruing
prior to the Closing Date, (c) any obligations for trade accounts payable owed
on the Closing Date. Further, in no event shall WWWX assume or incur any
liability or obligation with respect to any Taxes payable by PAR incident to or
arising as a consequence of the consummation by PAR of this Agreement or any
cost or expense incurred by PAR incident to or arising as a consequence of such
consummation of the negotiations in connection with this Agreement.

                                       2
<PAGE>

         SECTION 3. CLOSING; TRANSFER PROCEDURES

         3.1 CLOSING. The closing of the sale and purchase of the Purchased
Assets (the "CLOSING") shall be held at 10 a.m., local time, on February 5, 1999
(the "CLOSING DATE") at the offices of WWWX, or on such other date and at such
other time or place as the parties may agree in writing.

         3.2 TRANSFER OF THE PURCHASED ASSETS. At the Closing, PAR shall deliver
to WWWX such bills of sale, endorsements, stock certificates, assignments and
instruments of conveyance and transfer, in form and substance reasonably
satisfactory to WWWX, as shall be reasonably required to vest in WWWX all of
PAR's right, title and interest in and to the Purchased Assets free and clear of
all liens and encumbrances as provided in Section 3.4.

         3.3. PURCHASE PRICE. At the Closing, WWWX shall deliver to PAR the WWWX
Stock, in accordance with Section 2 hereof.

         3.4 RELEASE OF LIENS. At or prior to the Closing, PAR shall deliver all
necessary releases of liens and Uniform Commercial Code termination statements
in forms reasonably acceptable to counsel for WWWX so that PAR's title to the
Purchased Assets is free and clear of all liens and encumbrances or as of the
Closing will be.

         SECTION 4. REPRESENTATIONS AND WARRANTIES OF PAR AND THE SHAREHOLDERS

         PAR and the Shareholders hereby jointly and severally represent and
warrant to WWWX, intending for WWWX to rely hereon, as follows:

         4.1 ORGANIZATION AND GOOD STANDING. PAR is a corporation duly
organized, validly existing and in good standing under the laws of the
Commonwealth of Massachusetts. AsseTrade is a corporation, and following the
Closing will be re-created as a limited liability company, duly organized,
validly existing and in good standing under the laws of the Sate of Delaware.
PAR owns PAR's Membership Interest free and clear of any liens, encumbrances or
other rights of third parties. PAR's Membership Interest and Butcher-Fox's
Membership Interest together constitute 100% of the interests in AsseTrade, and
there are no outstanding options or rights to purchase or otherwise acquire any
interest in AsseTrade of any kind or character, or any rights or interests
convertible into or exchangeable for, or otherwise entitling anyone to acquire
any such interest. Attached hereto as Exhibit "A" is a true and complete copy of
the MOU and the Certificate of Incorporation and By-Laws of AsseTrade, together
with any and all amendments thereto or modifications thereof (the "ASSETRADE
DOCUMENTS"). The AsseTrade Documents are in full force and effect and unmodified
except as specifically set forth in Exhibit A, PAR has performed all of its
obligations to be performed thereunder, and neither PAR nor any of the
Shareholders has any knowledge of any default or claimed or alleged default, or
state of facts which with notice or lapse of time or both, would constitute a
default, in any obligation of PAR or of any other party to be performed
thereunder.

         4.2 FINANCIAL CONDITION. PAR has delivered to WWWX a business plan with
financial

                                       3
<PAGE>

projections for the Business (the "FINANCIALS"). The Financials and the
schedules to this Agreement collectively represent true and complete lists of
the assets and liabilities of PAR and AsseTrade on the date hereof and as
anticipated to exist at the Closing, and together present fairly the financial
condition, results or operations, business, properties, assets, liabilities and
future prospects of AsseTrade and the Business as of the dates thereof and for
the periods indicated therein, there has been no material adverse change in the
financial condition or future prospects of AsseTrade or the Business, and no
fact is known to PAR or the Shareholders which materially adversely affects or
in the future may materially adversely affect the financial condition or future
prospects of AsseTrade or the Business.

         4.3 TITLE TO ASSETRADE ASSETS. AsseTrade owns or will at the Closing
own outright, and has good and marketable title to, all of its assets, including
without limitation the ORBIT software and all related technical information and
other intellectual property rights necessary to the conduct of the Business
(collectively, the "TECHNOLOGY"), free and clear of all liens, pledges,
mortgages, security interest, conditional sales contracts or other encumbrances
or conflicting claims of any nature whatsoever, except as set forth on Schedule
4.3 attached hereto and incorporated herein. In particular, and not in
limitation of the foregoing:

         (a) the Technology does not and will not contain any "backdoor" or
concealed access or any "software locks" or any similar devices which, upon the
occurrence of a certain event, the passage of a certain amount of time, or the
taking of any action (or the failure to take any action) by or on behalf of PAR
or others, will cause the Technology to be destroyed, erased, damaged or
otherwise made inoperable;

         (b) the Technology is or will as of the Closing be owned by AsseTrade
exclusively without infringing upon, or misusing, misappropriating or otherwise
acting adversely to, the right or the claimed right of any person or entity
under or with respect to the Technology or any part thereof,

         (c) AsseTrade has not received any notice of any claim of infringement
or violation of any third party's copyrights, patents, trade secretes,
trademarks or other proprietary rights relating to the Technology nor, to the
knowledge of PAR and the Shareholders, does any basis for any such claim or
right or interest in the Technology or otherwise adverse to AsseTrade's
unqualified right to exclusively own and fully utilize the Technology exist;

         (d) there are no pending or threatened suits, legal proceedings, claims
or governmental investigations against or with respect to the Technology or any
component thereof;

         (e) except as set forth on Schedule 4.3, there are no licenses,
assignments, instruments of transfer, pledges, encumbrances or agreements that
are currently outstanding or in effect whereby any interest in or to the
Technology has been licensed, assigned, transferred, pledged or otherwise
conveyed to any person or entity;

         (f) AsseTrade's rights to the Technology are not being infringed upon
or misused or

                                       4
<PAGE>

         misappropriated by any person or entity;

         (g) to the knowledge of PAR and the Shareholders, neither the use and
development of the Technology, nor the offer for sale, sale and use of services
related to the Technology, infringes or will infringe upon any intellectual
property right of any third party anywhere in the world;

         (h) there are no outstanding agreements, confinements or encumbrances
inconsistent with the provisions of this Agreement, whether made or entered into
by the PAR or AsseTrade or otherwise;

         (i) to the knowledge of PAR and the Shareholders, no information
relating to the Technology has been disclosed in a manner as to become available
to the public;

         (j) the Technology will perform in substantial conformity with its
specifications as identified in any and all documentation provided to WWWX; and

         (k) to the knowledge of PAR and the Shareholders, the Technology is and
will be free from defects in operation or otherwise relating to the year 2000,
date data century recognition calculations that accommodate same century and
multi-century formulas and date values, and century correct date data interface
values will accurately process date and time data (including but not limited to,
calculation, comparing and sequencing) from, into and between the twentieth and
twenty-first centuries, and the years 1999 and 2000 and leap year calculation,
and when used in combination with other information technology, will accurately
process data if the other information technology exchanges date and time data
with it; and

         (l) AsseTrade owns or will at the Closing own the entire worldwide
right, title, and interest in and to all intellectual property rights in the
Technology, including without limitation all copyrights in all computer programs
and/or other works of authorship included in the Technology, all patent rights
in and to any and all inventions included in the Technology, such patent rights
including without limitation all patents and patent applications directed to
such inventions and the right to file patent applications directed to such
inventions, and all rights in the nature of trade secrets in the Technology.

         4.4 TITLE TO PAR ASSETS. PAR owns outright, and has good and marketable
title to, all of the PAR Assets free and clear of all clients, pledges,
mortgages, security interests, conditional sales contracts or other encumbrances
or conflicting claims of any nature whatsoever, except as set forth on Schedule
4.4 attached hereto and incorporated herein, all of which PAR shall remove at
or prior to the Closing.

         4.5 TAX MATTERS. Except as set forth on Schedule 4.5 attached hereto
and incorporated herein, PAR and AsseTrade have filed or caused to be filed all
Tax Returns (as defined herein) through the taxable year ended December 31, 1998
which are due and required to be filed and have paid or caused to be paid all
Taxes due through the date hereof and any assessment of Taxes received, except
Taxes or assessments that are being contested in good faith and have been
adequately reserved

                                       5
<PAGE>

against. PAR and AsseTrade have received no notice of, and to the knowledge of
PAR and the Shareholders, there is no pending or threatened proceeding or claim
by any governmental agency for assessment or collection of Taxes from PAR or
AsseTrade. All such Tax Returns have been prepared on the same basis as that of
previous years and in accordance with all applicable laws, regulations and
requirements, and accurately reflect the taxable income (or other measure of
Tax) or PAR and AsseTrade. PAR and AsseTrade have satisfied all Federal, state,
local and foreign withholding tax requirements including but not limited to
income, social security and employment tax. There are no liens for Taxes on any
of the Purchased Assets. No transaction contemplated by this Agreement is
subject to withholding under Section 1445 of the Internal Revenue Code of 1986,
as amended (the "Code"). As used herein, "Tax" or "Taxes" means any federal,
state, local and foreign income, payroll, withholding, excise, sales, use,
personal property, use and occupancy, business and occupation, mercantile, real
estate, gross receipts, license, employment, severance, stamp, premium, windfall
profits, social security (or similar unemployment), disability, transfer,
registration, value added, alternative, or add-on minimum, estimated, or capital
stock and franchise and other tax of any kind whatsoever, including any
interest, penalty or addition thereto, whether disputed or not, and "Tax
Returns" means all returns, reports, forms, declarations, claims for refunds or
other information required to be filed or supplied to any person including a
taxing authority in connection with Taxes (including without limitation
information returns and declarations, claims for refunds or other information
required to be filed or supplied to any person including a taxing authority in
connection with Taxes (including without limitation information returns and
declarations of estimated Tax) *Any reference to "filed" or "file" with respect
to Taxes shall also be deemed to include "supplied" or "supply").

         4.6 LITIGATION. Except as disclosed in Schedule 4.6 attached hereto and
incorporated herein:

         (a) there is no dispute, claim, actions, suit, proceeding, arbitration
or governmental investigation, either administrative or judicial, pending, or to
the knowledge of PAR and the Shareholders threatened, against PAR, AsseTrade,
the Business or the Purchased Assets; and

         (b) neither PAR or AsseTrade is in default with respect to any order,
writ, injunction or decree of any court or governmental department, commission,
board, bureau, agency or instrumentality, which involves the possibility of any
judgment or liability which may result in any material adverse change in the
financial condition of PAR, AsseTrade, the Business or the Purchased Assets.

         4.7 ABSENCE OF UNDISCLOSED LIABILITIES. Neither PAR nor AsseTrade has
any liabilities or obligations accrued, absolute, contingent or otherwise,
except as disclosed in the Financials or in this Agreement or the Exhibits or
Schedules hereto or as incurred, consistent with past business practice, in the
normal and ordinary course of the Business, and none of which is material and
adverse. For purposes of this Agreement, material means any matter which could
exceed $5,000.

         4.8 MATERIAL CONTRACTS. Schedule 4.8 contains a true and correct list
of each contract, agreement, commitment or obligation (a) with respect to
AsseTrade or the Business, which involves the payment to or from AsseTrade of
amounts in excess of $5,000 per year, (b) any license, franchise or distribution
agreement, which involves payments to or from AsseTrade in excess of $5,000 per
year, and (c) any lease of tangible personal property, which involves payments
to or from AsseTrade in

                                       6
<PAGE>

excess of $5,000 per year (the "ASSETRADE MATERIAL CONTRACTS"). Each of the
AsseTrade Material Contracts constitutes a legal, valid and binding obligation
of the parties thereto, is in full force and effect and will continue in full
force and effect following the consummation of the transactions contemplated
herein and hereby, in each case without breaching the terms thereof or resulting
in the forfeiture or impairment of any rights thereunder and without the
consent, approval or act of, or the making of any filing with, any other party
(except as set forth in Schedule 4.8). AsseTrade is not in, or to its knowledge
alleged to be in, breach or default under, nor is there or is there alleged to
be any basis for termination of , any AsseTrade Material Contract and, to the
best knowledge of PAR and the Shareholders, no other party to any AsseTrade
Material Contract has breached or defaulted thereunder, and no event has
occurred and no condition or state of facts exists which, with the passage of
time or the giving of notice or both, would constitute such a default or breach
by AsseTrade or, to the best of the knowledge of PAR and the Shareholders, by
any such other party. AsseTrade Material Contract and is not paying liquidated
damages in lieu of the performance thereunder.

         4.9 INTANGIBLE ASSETS. Schedule 4.9 sets forth a list of (a) all
patents, copyrights, trade names, trademarks, service marks and name (registered
or unregistered), and applications and registrations therefor, (b) all research,
development and commercially practiced processes, trade secrets, know-how,
inventions, and engineering and other technical information, -C- all computer
programs, software and data bases owned by or licensed to AsseTrade, (d) all
information, drawings, specifications, designs, plans, financial, marketing and
business data and plans, other proprietary, confidential or intellectual
information or property and all copies and embodiments thereof in whatever form
or medium and (e) all customer and membership lists of AsseTrade (collectively
"INTANGIBLE ASSETS") as well as a list of all registrations thereof and pending
applications therefor. Each of the Intangible assets listed on such schedule as
being owned by AsseTrade free and clear of any and all liens and encumbrances
and, to the knowledge of PAR and the Shareholders, no other person or entity has
any claim of ownership with respect thereto. AsseTrade has adequate licenses or
other valid rights to use all of the Intangible Assets which it does not own and
which are material to the conduct of the Business. To the knowledge of PAR and
the Shareholders, AsseTrade's use of the Intangible Assets does not conflict
with, infringe upon, violate or interfere with any intellectual property rights
of any other person or entity, nor is any other person or entity infringing
upon, violating or interfering with any intellectual property rights of
AsseTrade.

         4.10 COMPLIANCE WITH LAWS. PAR and AsseTrade have complied with and are
not in default under, or in violation of, any law, ordinance, rule, regulation
or order (including, without limitation, any environmental, safety, employee
benefit, health or price or wage control law, ordinance, rule regulation or
order) applicable to the Business which materially adversely affect or, so far
as PAR or the Shareholders can now foresee, may in the future materially
adversely affect, the Business or the Purchased Assets.

         4.11 AUTHORIZATION. The execution and delivery of this Agreement, and
the sale, transfer and other actions contemplated hereby have been duly
authorized, including, with respect to PAR, by all necessary action of its Board
of Directors and the Shareholders, and neither the execution and

                                       7
<PAGE>

delivery of this Agreement nor the consummation of the transactions contemplated
herein by PAR or the Shareholders constitutes a violation or breach of
applicable law or any contract or instrument to which PAR or any of the
Shareholders is a party or by which it or they are bound, or any order, writ,
injunction, decree or judgment applicable to it or them, or constitutes a
default (or would but for the giving of notice or lapse of time or both,
constitute a default) under any contract or instrument to which PAR or any
Shareholder is a party or by which it or they are bound, or conflicts with or
violates any provision of the AsseTrade Documents or the Articles of
Incorporation or By-Laws of PAR. Without limiting the generality of the
foregoing provisions, the execution and delivery by PAR and the Shareholders of
this Agreement and the consummation of the transactions contemplated hereby will
not (i) result in a violation or default or give to any other person any rights,
including rights of termination, cancellation or acceleration under any
applicable law, rule or regulation, any agreement, instrument or policy to which
PAR or the Shareholders is a party or may be bound, (ii) result in any judgment,
order, injunction, decree or ruling of any court or governmental authority to
which PAR and/or any of the Shareholders is a party or subject or (iii) require
any authorization, consent, approval, exemption or other action by any court or
administrative or governmental body which has not been obtained or any notice to
or filing with any court or administrative or governmental body which has not
been given or done. This Agreement has been duly executed and delivered by PAR
and the Shareholders and constitutes the legal, valid and binding obligation of
PAR and the Shareholders enforceable in accordance with its terms.

         4.12 CONSENTS. No consent, waiver, approval, order, permit or
authorization of, or declaration or filing with, or notification to, any person,
entity or governmental body is required on the part of AsseTrade, PAR or any of
the Shareholders in connection with the execution and delivery by PAR or the
Shareholders of this Agreement, or the compliance by PAR or any of the
Shareholders with any of the provisions hereof.

         4.13 INVESTMENT REPRESENTATIONS.

         (a) the shares of WWWX Stock being acquired by PAR are intended to be
and are being acquired solely for PAR's account without a view to the current
distribution or resale thereof, and PAR does not have any contract, undertaking,
agreement or arrangement to sell or otherwise transfer or dispose of any of such
shares in any manner to any person or entity;

          (b) PAR will not sell, transfer or otherwise dispose of any of the
shares of WWWX Stock being acquired by PAR, in any manner, unless at the time of
such transfer: (i) a registration under the Securities Act of 1933, as amended
(the "SECURITIES ACT") and under all other applicable securities laws is in
effect with respect to the shares of the WWWX Stock to be sold, transferred or
disposed of, and PAR complies with all of the requirements of the Securities Act
and such other applicable securities laws with respect to the proposed sale,
transfer or disposition does not require registration under the Securities Act
or such other applicable securities laws;

          (c) the shares of WWWX Stock being acquired by PAR have not been
issued by WWWX pursuant to a registration under the Securities Act, and PAR must
therefore hold such shares

                                       8
<PAGE>

indefinitely unless a subsequent registration or exemption therefrom is
available and is obtained. No federal or state agency has approved or
disapproved the shares of WWWX Stock being acquired by PAR for investment or any
other purpose. All of the shares of WWWX Stock being acquired by PAR have been
issued and sold to PAR in reliance upon a specific exemption from the
registration requirements of the Securities Act which depends, in part, upon the
accuracy of PAR's representations, warranties and agreements set forth in this
Agreement; and

          (d) PAR is an "accredited investor," as such term is defined in
Regulation D under the Securities Act.

          4.14 DISCLOSURE. No representation or warranty by PAR or the
Shareholders in this Agreement or in any other Exhibit, Schedule, list,
certificate or document delivered pursuant to this Agreement, contains or will
contain at Closing any untrue statement of material fact or omits or will omit
to state any material fact necessary to make any statement herein the therein
not misleading.

         SECTION 5. REPRESENTATIONS AND WARRANTIES OF WWWX

          WWWX hereby represents and warrants to PAR, intending for PAR to rely
hereon, as follows:

          5.1 ORGANIZATION AND GOOD STANDING. WWWX is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Delaware.

          5.2 AUTHORIZATION. The execution and delivery of this Agreement and
other actions contemplated hereby have been duly authorized by all necessary
action of the Boards of Director and shareholders of WWWX, and neither the
execution and delivery of this Agreement nor the consummation of the
transactions contemplated herein by WWWX constitutes a violation or breach of
applicable law or any contract or instrument to which WWWX is a party or is
bound, or any order, writ, injunction, decree or judgment applicable to it, or
constitutes a default (or would but for the giving of notice or lapse of time or
both, constitute a default) under any contract or instrument to which WWWX is a
party or by which it is bound, or conflicts with or violates any provision of
the Articles of Incorporation or By-laws of WWWX. Without limiting the
generality of the foregoing provisions, the execution and delivery by WWWX of
this Agreement and the consummation of the transactions contemplated hereby will
not (i) result in a violation or default or give to any other person any rights,
including rights of termination, cancellation or acceleration under any
applicable law, rule or regulation, any agreement, instrument or policy to which
WWWX is a party or may be bound, (ii) result in any judgment, order, injunction,
decree or ruling of any court or governmental authority to which it is a party
or subject or (iii) require any authorization, consent, approval, exemption or
other action by any court or administrative or governmental body which has not
been given or done. This Agreement has been duly executed and delivered by WWWX
and constitutes the legal, valid and binding obligation of WWWX enforceable in
accordance with its terms.

         5.3 CONSENTS. No consent, waiver, approval, order, permit or
authorization of, or

                                       9
<PAGE>

declaration or filing with, or notification to, any person, entity or
governmental body is required on the part of WWWX in connection with the
execution and delivery by WWWX of this Agreement, or the compliance by WWWX with
any of the provisions hereof.

          5.4 DISCLOSURE. No representation or warranty by WWWX in this
Agreement or in any other Exhibit, Schedule, list, certificate or document
delivered pursuant to this Agreement, contains or will contain at Closing any
untrue statement of material fact or omits or will omit to state any material
fact necessary to make any statement herein and therein not misleading.

          SECTION 6. CONDUCT PENDING THE CLOSING

          PAR and the Shareholders hereby covenant and agree that, pending the
Closing and except as otherwise approved in advance in writing by WWWX:

          6.1 CONDUCT OF BUSINESS. PAR shall carry on and cause AsseTrade to
carry on the Business diligently and substantially in the same manner as
heretofore and refrain from any action that would result in the breach of any of
the representations, warranties or covenants of PAR or the Shareholders
hereunder.

          6.2 ACCESS. WWWX and its authorized representatives shall have full
access during normal business hours upon prior arrangement with PAR to all
properties, books, records, contracts and documents of PAR or AsseTrade relating
to the Business, and PAR shall furnish or cause to be furnished to WWWX and its
authorized representatives all information with respect to the Purchased Assets
and Business as they may reasonably request.

          6.3 CONTRACTS AND COMMITMENTS. PAR shall not permit AsseTrade to enter
into any contract, commitment or transaction relating in any way to the
Business, except in accordance with the ordinary course of business.

          6.4 SALE OF CAPITAL ASSETS. PAR will not and will not permit AsseTrade
to sell or dispose of, or agree to sell or dispose of, any of the Purchased
Assets, except in accordance with the ordinary course of business.

          6.5 LIABILITIES. PAR will not, and will not permit AsseTrade to,
create any indebtedness or any other fixed or contingent liability in any way to
the Business or the Purchased Assets, including, without limitation, liability
as a guarantor or otherwise with respect to the obligations of others except for
accounts payable in the ordinary course of business consistent with past
practices.

          6.6 INSURANCE. All present insurance insuring PAR, AsseTrade, their
respective employees, the Business or the Purchased Assets wherever located,
will be maintained by PAR and AsseTrade in all respects.

          6.7 PRESERVATION OF ORGANIZATION AND EMPLOYEES. PAR will use its best
efforts to preserve the Business intact, to keep available its key employees (if
any), and to preserve the present

                                       10
<PAGE>

relationships of PAR and AsseTrade with suppliers, customers, banks and others
having business relations with them.

          6.8 NO DEFAULT. PAR shall not do any act or omit to do any act, or
permit any act or omission to act, which will cause a material breach of any
material contract, commitment or obligation by which it or AsseTrade is bound.

          6.9 AUTHORIZATION FROM OTHERS. Prior to the Closing Date, PAR shall
have obtained all authorizations, waivers, consents and permits of others
required to permit the consummation by PAR of the transactions contemplated by
this Agreement or to remove any breach or threatened breach of any
representation, warranty or agreement of PAR herein.

          SECTION 7.  CONDITIONS PRECEDENT TO WWWX'S OBLIGATIONS

          All obligations of WWWX under this Agreement are subject to the
fulfillment, prior to or at the Closing, of each of the following conditions
unless otherwise waived in writing by WWWX:

          7.1 REPRESENTATIONS AND WARRANTIES. Par's and the Shareholder's
representations and warranties contained in this Agreement or in any list,
certificate or document delivered pursuant to the provisions hereof shall be
true at and as of the time of Closing.

          7.2 PERFORMANCE OF AGREEMENTS. PAR and the Shareholders shall have
performed and complied with all agreements and conditions required by this
Agreement to be performed or complied with by it or them prior to or at the
Closing, including without limitation PAR's obligation to deliver the Purchased
Assets free and clear of liens and encumbrances in accordance with Section 3.4
hereof and the covenants set forth in Section 6 hereof.

          7.3 ORBIT AGREEMENT AND AGREEMENT WITH BUTCHER-FOX. AsseTrade shall
have entered into the ORBIT Agreement, which shall give AsseTrade all necessary
rights to the Technology and shall otherwise be satisfactory in form and
substance to WWWX. In addition, AsseTrade shall have entered into an agreement
with Butcher-Fox, Butcher and Fox, satisfactory in form and substance to WWWX,
pursuant to which Butcher-Fox, Butcher and Fox each agree that (a) they will
refer all of their respective auction sales involving electronic commerce to
AsseTrade (so that AsseTrade will be the auction company handling such sales),
(b) that they will not share in the commissions generated by any such referrals,
other than through their interest in AsseTrade, and (c) that they will not
establish or otherwise participate in any business involving auctions through
electronic commerce, other than AsseTrade.

          7.4 ADVERSE CHANGE. There shall not have been a material adverse
change, occurrence or casualty, financial or otherwise, in PAR or AsseTrade or
to the Business or the Purchased Assets, whether covered by insurance or not.

         7.5 CLOSING DELIVERIES. PAR shall have delivered the documents and
other items described in Section 3 hereof.

                                       11
<PAGE>

          7.6 NO LITIGATION. There shall not be any pending or, to the knowledge
of PAR, threatened action, proceeding or investigation by or before any court,
arbitrator, governmental body or agency which shall seek to restrain, prohibit
or invalidate the transactions contemplated hereby or which, if adversely
determined, would result in a breach of a representation, warranty or covenant
of any party herein.

          7.7 DUE DILIGENCE. Prior to Closing, WWWX shall have the right to
conduct a due diligence investigation, audit and financial review of the
Business and all of the Purchased Assets and liabilities in order that WWWX, in
its sole discretion, may confirm its understanding and valuation of the Business
and the Purchased Assets and verifying, among other things, no undisclosed
liabilities or potential liabilities of PAR or AsseTrade. Such due diligence
shall include, without limitation, all operational, legal, contractual,
litigation, employment, purchasing, marketing, accounting, financial, tax and
other aspects of the Business. If such investigation is not satisfactory to
WWWX, for any reason, WWWX may terminate this Agreement and shall have no
further obligation hereunder. WWWX's conduct of its due diligence shall not in
any way relieve PAR or the Shareholders of their obligations and liabilities
contained in this Agreement including, without limitation, the accuracy of the
representations and warranties of PAR and the Shareholders set forth in this
Agreement.

         SECTION 8. CONDITIONS PRECEDENT TO PAR'S AND THE SHAREHOLDERS'
OBLIGATIONS

          All obligations of PAR and the Shareholders under this Agreement are
subject to the fulfillment, prior to or at the Closing, of each of the following
conditions unless otherwise waived in writing by PAR:

          8.1 REPRESENTATIONS AND WARRANTIES. WWWX's representations and
warranties contained in this Agreement shall be true at and as of the time of
Closing.

          8.2 PERFORMANCE OF AGREEMENTS. WWWX shall have performed and complied
with all agreements and conditions required by this Agreement to be performed or
complied with by it prior to or at the Closing.

         8.3 CLOSING DELIVERIES. WWWX shall have delivered the WWWX Stock to PAR
in exchange for the Purchased Assets.

          8.4 NO LITIGATION. There shall not be any pending or threatened
action, proceeding or investigation by or before any court, arbitrator,
governmental body or agency which shall seek to restrain, prohibit or invalidate
the transactions contemplated hereby or which, if adversely determined, would
result in a breach of a representation, warranty or covenant of any party
herein.

                                       12
<PAGE>

          SECTION 9.  FEES AND EXPENSES

          9.1 REPRESENTATION AND INDEMNITY WITH RESPECT TO BROKERS. Each party
hereby represents and warrants to the other that it has not engaged or dealt
with any broker or other person who may be entitled to any brokerage fee or
commission in respect of the execution of this Agreement or the consummation of
the transactions contemplated hereby. Without limiting the generality of the
foregoing, each of the parties hereto shall indemnify and hold the other
harmless against any claim, loss, liability or expense which may be asserted
against such other party as a result of such first mentioned party's dealings,
arrangements or agreements with any such broker or person.

          9.2 EXPENSES OF THE TRANSACTION. Each party hereto shall pay its own
expenses incidental to the preparation of this Agreement and the consummation of
the transactions contemplated hereby.

          9.3 SALES, TRANSFER AND DOCUMENTARY STAMPS. Each party hereto shall
pay its own expenses incidental to the preparation of this Agreement and the
consummation of the transactions contemplated hereby.

          SECTION 10.  INDEMNIFICATION

          10.1 SURVIVAL OF REPRESENTATIONS, WARRANTIES AND AGREEMENTS. All
representations, warranties, covenants and agreements made by any party in this
Agreement or in any certificate delivered pursuant hereto shall survive the
Closing.

          10.2 INDEMNIFICATION BY PAR AND THE SHAREHOLDERS. PAR and the
Shareholders shall jointly and severally defend, indemnify and hold WWWX
harmless from and against (a) any and all liabilities and obligations of, or
claims against, PAR or AsseTrade arising or accruing prior to the Closing and
(b) all actual or potential claims, demands, liabilities, damages, losses and
out-of-pocket expenses including reasonable attorneys' fees whether or not
reduced to judgment, order or award, caused by or arising out of (i) the breach
of any covenant or agreement of PAR or any of the Shareholders in this Agreement
or in any certificate delivered by it or them pursuant hereto, or (ii) the
failure of any representations or warranties made by PAR or any the Shareholders
in this Agreement or in any certificate delivered by it or them pursuant hereto
to have been true and correct when made and on and as of the Closing Date.

          10.3 INDEMNIFICATION BY WWWX. WWWX shall defend, indemnify and hold
PAR and the Shareholders harmless from and against all actual or potential
claims, demands, liabilities, damages, losses and out-of-pocket expenses
including reasonable attorneys' fees whether or not reduced to judgment, order
or award, caused by or arising out of (a) the breach of any covenant or
agreement of WWWX in this Agreement or in any certificate delivered by its
pursuant hereto, or (b) the failure of any representations or warranties made by
WWWX in this Agreement or in any certificate delivered by its pursuant hereto to
have been true and correct when made an on and as of the Closing Date.

         10.4 NOTICE OF INDEMNIFICATION. In the event any legal proceeding shall
be threatened or

                                       13
<PAGE>

instituted or any claim or demand shall be asserted by any person or entity in
respect of which payment may be sought by one party hereto from another party
under the provisions of this Section 10, the party seeking indemnification (the
"INDEMNITEE") shall promptly cause written notice of the assertion of any such
claim of which it has knowledge which is covered by this indemnity to be
forwarded to the other party (the "INDEMNITOR"); provided, however, that failure
of the Indemnitee to give the Indemnitor notice as provided in this Section
shall not relieve the Indemnitor of its obligations hereunder except to the
extent that the Indemnitor shall have been prejudiced by such failure. Any
notice of a claim by reason of any of the representations, warranties or
covenants contained in this Agreement shall state in reasonable detail the
representations, warranty or covenant with respect to which the claim is made,
the facts giving rise to an alleged basis for the claim, and the amount of the
liability asserted against the Indemnitor by reason of the claim.

          10.5 INDEMNIFICATION PROCEDURE FOR THIRD PARTY CLAIMS. Except as
otherwise provided herein, in the event of the initiation of any legal
proceeding against an Indemnitee by a third party, the Indemnitor shall be
entitled to assume the defense thereof, at the Indemnitor's sole expense. If the
Indemnitor assumes the defense of any legal proceeding, it will not settle the
legal proceeding, it will not settle the legal proceeding without the prior
written consent of the Indemnitee (which shall not be unreasonably withheld or
delayed). The Indemnitee shall cooperate in all reasonable respects with the
Indemnitor and its attorneys in the investigations, trial and defense of any
legal proceeding and any appeal arising therefrom (including the filing in the
Indemnitee's name of appropriate cross claims and counterclaims). The Indemnitee
may, at its own cost, participate in any investigation, trial and defense of
such legal proceeding controlled by the Indemnitor and any appeal arising
therefrom. If after receipt of a written notice pursuant to Section 10.4 hereof,
the Indemnitor does not undertake to defend any such legal proceeding, the
Indemnitee may, but shall have no obligation to, contest or defend against any
legal proceeding and the Indemnitor shall be bound by the result obtained with
respect thereto by the Indemnitee (including, without limitation, the settlement
thereof without the consent of the Indemnitor). If there are one or more legal
defenses available to the Indemnitee that conflict with those available to the
Indemnitor, the Indemnitee shall have the right, at the expense of the
Indemnitor, to assume the defense of the legal proceeding without the consent of
the Indemnitor, which consent shall not be unreasonably withheld or delayed. As
used herein, a "legal proceeding" includes any judicial, administrative or
arbitral action, suit, proceeding (public or private), claim or governmental
proceeding.

          10.6 PAYMENT OF INDEMNIFICATION AMOUNTS. Amount payable by the
Indemnitor to the Indemnitee in respect of any claims hereunder shall be payable
by the Indemnitor as incurred by the Indemnitee.

          10.7 RIGHT OF WWWX SUCCESSORS TO ENFORCE. PAR and the Shareholders
agree that the provisions of this Section 10 shall inure to the benefit of, and
may be enforced by, any successor to the interests of WWWX (by assignment,
merger, operation of law or otherwise, and regardless of whether such successor
acquires such interests directly from WWWX), holding all or any part of the
Purchased Assets ("WWWX SUCCESSOR"), to the same extent as if the
representations, warranties, covenants and

                                       14
<PAGE>

agreements of PAR and the Shareholders contained in this Agreement had been made
directly to such WWWX Successor. PAR and the Shareholders further agree that
they shall execute and deliver to any WWWX Successor such further agreements,
instruments or other documents as may be reasonably required to affirm the
obligations of PAR and the Shareholders and the rights of such WWWX Successor
hereunder.

         SECTION 11. POST-CLOSING MATTERS; NON-COMPETITION AGREEMENT

         11.1 FURTHER ASSURANCES. At the request of WWWX or any WWWX Successor
from time to time, PAR and the Shareholders shall without further cost to WWWX
or such WWWX Successor, at any time and from time to time, promptly do, execute,
acknowledge and deliver, or cause to be done, executed, acknowledged and
delivered, to WWWX or such WWWX Successor, as the case may be, all such further
acts, transfers, assignments, deeds, powers and assurances of title, and
additional papers and instruments, and will do or cause to be done all acts or
things as often as may be proper or necessary or advisable for better assuring,
conveying, transferring and assigning the Purchased Assets (including, without
limitation, the Technology), and effectively to carry out the intent hereof, and
to vest in WWWX or, as applicable, any WWWX Successor, the entire right, title
and interest in and to all of the Purchased Assets. Without limiting the
generality of the foregoing, PAR and the Shareholders each agrees to furnish to
WWWX or any WWWX Successor, all data, formulae, models, programs, software,
notes, documents and all other information regarding the Technology in their
possessions, necessary or useful for WWWX or such WWWX Successor to develop the
Technology, to utilize the Technology and to enable its attorneys to evaluate
and properly protect the Technology.

         11.2 RESPONSIBILITY FOR LITIGATION. PAR shall be responsible for all
present or future litigation and claims for injury and related expenses arising
out of the conduct of the Business up to the time of Closing, including without
limitation, any litigation disclosed on Schedule 4.5 hereto.

         11.3 TRADE SECRETS/NON-COMPETITION AGREEMENT.

         a. PAR and the Shareholders shall not at any time after the Closing use
for its or their own benefit, or divulge to any other person, firm or
corporation, any confidential information or trade secrets relating in any way
to the Business, and at the Closing, PAR and the Shareholders shall deliver to
WWWX all lists of customers, books, records, trade secrets, intellectual
property and all other property constituting confidential information belonging
to PAR and related to the Business. For the purposes hereof, the term
"CONFIDENTIAL INFORMATION" means any and all information related to the
Technology, customer and marketing relationships, and business and financial
information of the Business.

         b. As a material inducement to WWWX to enter into this Agreement, in
consideration of the Purchase Price paid hereunder, and for other good and valid
consideration, the receipt and sufficiency of which is hereby acknowledged, as
well as in recognition of the fact that the value of the Purchased Assets would
be diminished substantially if PAR or the Shareholders were to engage in any
business or activities in competition with the Business, PAR and the
Shareholders covenant and

                                       15
<PAGE>

agree that, except as required in the performance of their duties set forth in
this agreement or any other written agreement with WWWX or any WWWX Successor,
each will not for a period of four (4) years after the Closing Date engage
directly or indirectly, whether individually or in partnership or in conjunction
with any other person, firm, association, syndicate or corporation, as
principal, agent, shareholder, employee, consultant or in any other manner
whatsoever, in any business activity competitive with the Business.

         c. PAR and the Shareholders agree that any violation of any of the
covenants in this Section would cause substantial and irreparable injury to WWWX
or any WWWX Successor, whereupon PAR and/or the Shareholders may be enjoined
from any breach or threatened breach thereof in addition to, but not in
limitation of, any of the rights or remedies to which WWWX or any such WWWX
Successor is or may be entitled to at law or in equity or under this Agreement.

         d. PAR and the Shareholders agree that the limitations set forth above
are reasonable in time and geographic scope, and if any provision hereof is held
invalid or unenforceable, the remainder shall nevertheless remain in full force
and effect. In particular, PAR and the Shareholders agree that if any court of
competent jurisdiction shall determine that the duration or geographical limit
of the foregoing non-competition covenant is invalid, unreasonable or
unenforceable, it is the intention of PAR, the Shareholders and WWWX that it
shall not be terminated thereby but shall be deemed to have been amended to the
extent required to render it valid and enforceable, such amendment to apply only
with respect to the jurisdiction of the court making such adjudication.

         11.4 RE-CREATION OF ASSETRADE AS A LIMITED LIABILITY COMPANY. Promptly
following the Closing, PAR and the Shareholders shall take all action
(including, with respect to PAR, voting its shares of AsseTrade.com, Inc. in
favor of such action) reasonably required to cause AsseTrade to be re-created as
a limited liability company under the terms of an operating agreement that
incorporates substantially all of the provisions of the MOU and is otherwise
reasonably satisfactory in form and substance to WWWX.

         11.5 RIGHT OF WWWX SUCCESSORS TO ENFORCE. PAR and the Shareholders
agree that the provisions of this Section 11 shall inure to the benefit of, and
may be enforced by, any WWWX Successor, to the same extent as if the
representations, warranties, covenants and agreements of PAR and the
Shareholders contained herein had been made directly to such WWWX Successor, and
with the further understanding and agreement that the term "Business" as used
herein shall include the Business as conducted by any such WWWX Successor. PAR
and the Shareholders further agree that they shall execute and deliver to any
WWWX Successor such further agreements, instruments or other documents as may be
reasonably required to affirm the obligations of PAR and the Shareholders and
the rights of such WWWX Successor hereunder.

         SECTION 12. MISCELLANEOUS

         12.1 GOVERNING LAW. This Agreement shall be governed by, and construed
and enforced in accordance with, the laws of the Commonwealth of Pennsylvania.
The parties hereto agree that jurisdiction shall be proper in the courts of the
Commonwealth of Pennsylvania and consent to

                                       16
<PAGE>

jurisdiction and venue therein.

         12.2 ASSIGNMENT. This Agreement shall not be assignable by any party
without the prior written approval of the other party. Notwithstanding the
foregoing, WWWX may, without the consent of PAR or the Shareholders, assign its
rights under Sections 10 and 11 hereof to any WWWX Successor as provided
therein, it being the intent of the parties that any such WWWX Successor shall
be a third party beneficiary of such rights. To the extent assignable, this
Agreement shall be binding upon, and inure to the benefit of, WWWX, PAR, the
Shareholders and their respective heirs, personal representatives, successors
and assigns.

         12.3 HEADINGS FOR REFERENCE ONLY. The section and paragraph headings in
this Agreement are for convenience of reference only and shall not be deemed to
modify or limit the provisions of this Agreement.

         12.4 NOTICES. All notices and other communications under this Agreement
shall be in writing and shall be deemed given when delivered by confirmed fax,
personally, or by recognized overnight courier, or four days after being mailed
by registered mail, return receipt requested, to a party at the following
address (or to such other party may have specified by notice given to the other
party pursuant to this provision):

         If to WWWX:                  World Wide Web NetworX Corporation
                                      3000 Atrium Way, Suite 202
                                      Mt. Laurel, NJ 08054
                                      Attention : Robert D. Kohn
                                      Fax no. (609) 273-6913

         If to PAR :                  Positive Asset Remarketing, Inc.
                                      Post Office Box 415
                                      Sharon, MA 02067
                                      Attention: Benjamin R. Kafka
                                      Fax no. (508) 660-7755

         12.5 ENTIRE AGREEMENT AND AMENDMENT. This document and the Exhibits and
Schedules hereto contain the entire agreement between the parties hereto with
respect to the transactions contemplated hereby and supersede all prior or
contemporaneous agreements, understandings, representations and warranties
between the parties any may not be amended except by written instrument executed
by the parties hereto.

         12.6 COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

                   [REMAINDER OF PAGE INTENTIONALLY LEFT BANK]

                                       17
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement as of the first above written.

ATTEST:                               WORLDWIDE WEB NETWORX CORPORATION

By:     //s//                         By:  //Robert D. Kohn//
   -------------------------             ----------------------------------
ATTEST:                               [WWWX SUBSIDIARY]

By:    //s//                          By:  //Robert D. Kohn//
   -------------------------             ----------------------------------
ATTEST:                               POSITIVE ASSET REMARKETING, INC.

By: //MKafka//                        By:  //Benjamin R. Kafka//
   -------------------------             ----------------------------------
WITNESS:                              SHAREHOLDERS:

    //Irene W. McGrath//                   //Benjamin R. Kafka//
----------------------------          -------------------------------------
                                      Benjamin R. Kafka

   //Benjamin R. Kafka//                   //Mark LM Quinn//
----------------------------          -------------------------------------
                                      Mark LM Quinn

  //Sara Holm//                            //Raymond Bastarache//
----------------------------          -------------------------------------
Sara Holm                             Raymond Bastarache

 //Benjamin R. Kafka//                    //Alfred H. Kafka//
----------------------------          -------------------------------------
                                      Alfred H. Kafka

                                       18<PAGE>

                                                                  EXHIBIT 10.7

                                    AGREEMENT

         THIS AGREEMENT (this "Agreement") is dated as of February 16, 1999, by
and among ENERGY TRADING COMPANY, a PECO Energy company subsidiary and a
Delaware corporation ("ETCO"), WORLDWIDE WEB NETWORX CORPORATION, a Delaware
corporation ("WWWX"), and NA ACQUISITION CORP., a Pennsylvania corporation
("NAAC"). Each of ETCO, WWWX and NAAC are sometimes referred to herein
individually as a "PARTY" and, together, as the "PARTIES."

                                    RECITALS

         A. WWWX and ETCO are parties to that certain BarterOne Membership
Interest Sale Agreement (the "BARTERONE SALE AGREEMENT") dated December 16,
1998, pursuant to which ETCO has agreed to transfer to WWWX, and WWWX has agreed
to acquire from ETCO, ETCO's 51% membership interest in BarterOne, LLC, d/b/a
entrade.com, a Delaware limited liability company ("BARTERONE"), subject to
ETCO's right to an unencumbered equity interest in a new company ("ETCO'S
RETAINED INTEREST") to be formed by WWWX to hold all of the assets of BarterOne
(the "BARTERONE ASSETS"). Reference is made to Sections 2.2.1 and 2.2.2 of the
BarterOne Sale Agreement for a full statement of the terms and conditions of
ETCO's Retained Interest.

         B. WWWX and NAAC intend to enter into an Acquisition Agreement dated or
about the date of this Agreement(the "WWWX/NAAC AGREEMENT"), substantially in
the form attached hereto as Exhibit "A" (with only such modifications therein as
do not have a material adverse effect on ETCO's rights hereunder or on ETCO's
interest in NAAC), pursuant to which, inter alia, WWWX will agree to transfer to
NAAC, and NAAC will agree to acquire from WWWX, all of the BarterOne Assets.

         C. WWWX and ETCO are closing under the BarterOne Sale Agreement
concurrently with the execution of this Agreement, and in connection therewith,
the Parties wish to provide for the issue to ETCO of shares of the commmon stock
of NAAC, in substitution for ETCO's Retained Interest.

         D. WWWX and NAAC are presently negotiating with Artra Group
Incorporated, a publicly traded Pennsylvania corporation ("ARTRA"), to effect a
merger (the "PROPOSED MERGER"), and the Parties wish to further provide for
certain changes in the capital structure of NAAC if the Proposed Merger is not
consummated.

         NOW THEREFORE, in consideration of the mutual covenants herein and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, and intending to be legally bound hereby, the parties agree
as follows:

         SECTION 1. CLOSING UNDER BARTERONE SALE AGREEMENT

         1.1 PRIOR PAYMENTS BY WWWX. Prior to the date hereof, ETCO has received
from WWWX $250,000 in cash and 416,666 shares of the common stock of WWWX
(together, the

<PAGE>

"INITIAL PAYMENT"), in accordance with Section 2.1 of the BarterOne Sale
Agreement.

         1.2 PAYMENT AT CLOSING. By its execution of this Agreement, ETCO
acknowledges receipt from WWWX of the Initial Payment, plus an additional
payment of $230,000 in cash ("FINAL CASH PAYMENT"), as required by Section 2.2.1
of the BarterOne Sale Agreement.

         1.3 TRANSFER. Subject only to its receipt of the Final Cash Payment and
the issue of ETCO's NAAC Shares in accordance with Section 2.2 hereof, ETCO
hereby grants, conveys, transfers, assigns and delivers to NAAC all of its
right, title and interest in and to ETCO's fifty-one percent (51%) membership
interest in BarterOne, free and clear of all liens, encumbrances and charges of
any kind.

     SECTION 2. CLOSING UNDER WWWX/NAAC AGREEMENT

         2.1 ACQUISITION CLOSING. The Parties acknowledge and agree that, within
two weeks following the execution and delivery of this Agreement, WWWX shall
dissolve BarterOne, and transfer all of the BarterOne Assets to NAAC in
accordance with the terms and conditions of the WWWX/NAAC Agreement (the
"ACQUISITION CLOSING"). The Parties further acknowledge that NAAC intends to
thereafter transfer the BarterOne Assets into a wholly owned operating company
to be called "entrade.com, Inc." ("ENTRADE"). Neither WWWX nor ETCO shall have
any direct ownership interest in entrade.

         2.2 ISSUE OF NAAC STOCK TO ETCO. Concurrently with the Acquisition
Closing, NAAC shall issue and deliver to ETCO Two Hundred Thousand (200,000)
fully paid and non-assessable shares of the common stock of NAAC ("ETCO'S NAAC
SHARES"), which shares are being issued in a private placement subject to all
applicable Federal and State securities laws, regulations and restrictions, and
shall bear a legend to that effect. NAAC shall have no more than 2,000,000
shares of its capital stock issued and outstanding prior to the Proposed Merger.
This issue to ETCO of ETCO's NAAC Shares, together with the other agreements set
forth herein, shall be in substitution for ETCO's Retained Interest, and shall
satisfy in full WWWX's obligations under Sections 2.2.1 and 2.2.2 of the
BarterOne Sale Agreement (subject to Section 3.4 hereof).

         2.3 NO ASSUMPTION OF LIABILITIES. NAAC is not hereby assuming any of
the liabilities or obligations of either ETCO or WWWX under the BarterOne Sale
Agreement or otherwise.

         SECTION 3. CLOSING OF THE PROPOSED MERGER

         3.1 TERMS OF THE PROPOSED MERGER. The Proposed Merger shall by its
terms require that Artra and NAAC shall use all reasonable efforts to cause
ETCO's NAAC Shares to be registered for resale in accordance with filings made
with the Securities and Exchange Commission ("SEC"), and shall further require
that, prior to or concurrently with the closing of the transactions contemplated
thereby (the "MERGER CLOSING"), Artra shall have guaranteed funding of at least
$4,000,000 for the working capital needs of entrade. The Proposed Merger shall
by its terms provide that all shares of Artra common stock shall be converted
into shares of NAAC common stock on a one for one basis.

<PAGE>

         3.2 CONSUMMATION OF PROPOSED MERGER. Each of the Parties shall
cooperate together to cause the Proposed Merger to occur in accordance with the
foregoing provisions of this Section 3 and pursuant to an Agreement and Plan of
Merger substantially in the form attached hereto as Exhibit "B" (with only such
modifications therein as do not have a material adverse effect on ETCO's rights
hereunder or on ETCO's interest in NAAC). Without limiting the generality of the
foregoing, each of ETCO and WWWX shall vote their shares of NAAC common stock to
approve the Proposed Merger. In order to facilitate such approval, the execution
and delivery of this Agreement by ETCO and WWWX may be deemed the unanimous
consent of the shareholders of NAAC approving the Proposed Merger as described
herein.

         3.3 MERGER CLOSING. Concurrently with the Merger Closing:

         (a) NAAC shall make a cash payment to ETCO in the amount of $100,000;
and

         (b) ETCO shall surrender to WWWX the 416,666 shares of WWWX common
stock received by ETCO as part of the Initial Payment, and WWWX shall issue to
ETCO in substitution thereof 73,450 shares of WWWX common stock, subject to
ETCO's right to an audit to affirm that WWWX's calculation of the number of
shares to be issued to ETCO hereunder conforms with the provisions of Section
2.2.4 of the BarterOne Sale Agreement.

         3.4 FAILURE OF PROPOSED MERGER. If for any reason the Proposed
Merger is not consummated on or before September 30, 1999, then upon written
notice thereof from ETCO to NAAC, NAAC shall promptly issue to ETCO
sufficient additional shares of its common stock so that ETCO shall
thereafter hold a 33 1/3% interest in all of the issued and outstanding
capital stock of NAAC. In such event, WWWX and NAAC shall take all necessary
action to amend the Articles of Incorporation and By-Laws of NAAC as
necessary so that ETCO shall have all of the same protections as a minority
shareholder of NAAC as were accorded to Global Trade Group, Ltd. under the
terms of the Operating Agreement for BarterOne, as the same was amended prior
to the date hereof, and any dilution of ownership of NAAC shall be on a PARI
PASSU basis.

         SECTION 4. REPRESENTATIONS, WARRANTEIS AND COVENANTS

         4.1 AUTHORITY. Each of the Parties represents and warrants to the
others that (a) it has the full power and legal right to execute and deliver
this Agreement and to perform its obligations under this Agreement; (b) the
execution, delivery and performance of this Agreement have been authorized by
all necessary action, corporate or otherwise, and do not violate any provisions
of its charter or by-laws or any contractual obligations or requirements of law
binding on it; and (c) this Agreement constitutes its legal, valid and binding
obligation, enforceable against it in accordance with its terms.

         4.2 WWWX. WWWX represents and warrants to ETCO and NAAC that all of the
obligations of BarterOne have been satisfied in full on or before the date of
this Agreement, and reaffirms to ETCO that all of its representations and
warranties contained in the BarterOne Sale Agreement are true and correct as of
the date hereof.

<PAGE>

         SECTION 5. MISCELLANEOUS

         5.1 GOVERNING LAW. This Agreement shall be governed by, and construed
and enforced in accordance with, the laws of the Commonwealth of Pennsylvania.

         5.2 ENTIRE AGREEMENT AND AMENDMENT. This document contains the entire
agreement among the Parties with respect to the transactions contemplated hereby
and supersedes all prior or contemporaneous agreements, understandings,
representations and warranties between the Parties, including without limitation
the BarterOne Sale Agreement, and may not be amended except by written
instrument executed by the Parties.

         5.3 COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

                  IN WITNESS WHEREOF, the Parties have caused this Agreement to
be executed by their duly appointed officers as of the date first above written.

ENERGY TRADING COMPANY

By:  //s// ROBERT A. SHIN
     --------------------------
       Title: Vice President

NA ACQUISITION CORP.

By:  //s// ROBERT D. KOHN
     --------------------------
       Title: President

WORLDWIDE WEB NETWORX CORPORATION

By:  //s// ROBERT KOHN
     --------------------------
       Title: President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}]]