Document:

Exhibit 10.12

                             SUBSCRIPTION AGREEMENT

The Board of Directors
MAX Internet Communications, Inc.
8115 Preston Road, Eighth Floor East

Dallas, Texas 75225

Gentlemen:

1.      Subscription.   On the  terms  set forth  below, the  undersigned hereby
subscribes  for the  shares of  Common  Stock  (the  "Shares")  in MAX  Internet
Communications,  Inc., a Nevada  corporation  (the  "Company")  set forth on the
Signature Page. In connection  with such  subscription,  the undersigned  hereby
tenders to the Company two executed counterparts of this Subscription Agreement,
together  with a check  acceptable to the Company in an amount equal to the full
purchase  price of the  Shares  subscribed  for  hereunder  as set  forth on the
Signature Page.

The  undersigned  understands  and agrees  that you may  decline to accept  this
subscription,  in which case all instruments  tendered herewith will be promptly
returned. If you accept this subscription,  such acceptance will be signified by
executing  the  acknowledgment  on the  appropriate  page  of each  copy  hereof
tendered  by the  undersigned  and  causing  one  such  acknowledged  copy to be
returned to the undersigned.

2.      Delivery  of  Information.  The undersigned acknowledges  receipt of the
Company's  disclosure  materials  on  file  with  the  Securities  and  Exchange
Commission.  In addition,  the  undersigned  has received all other  information
deemed material by the Subscriber to the making of an informed  decision whether
to invest in the Company.

3.      Representations,  Warranties,  and  Covenants  of the  Undersigned.  The
undersigned  hereby represents and warrants to and covenants with the Company as
follows:

(a)     The  undersigned understands that the  following  information  is  being
furnished  to  determine  whether  sales  of  the  Shares  may  be  made  to the
undersigned  pursuant to Section 4(2) of the  Securities  Act of 1933 (the "1933
Act") and applicable state securities laws. The undersigned understands that the
information   contained  herein  will  be  relied  upon  for  purposes  of  such
determination  and the  Shares  will  not be  registered  under  the 1933 Act in
reliance upon the exemption  from  registration  provided by Section 4(2) of the
1933 Act.  The  undersigned  represents  and  warrants  to the  Company  and its
officers,  directors,  agents and employees that (i) the  information  contained
herein is complete  and accurate and may be relied upon by such parties and (ii)
the undersigned will notify the Company immediately of any change in any of such
information  occurring prior to the closing of the purchase of any Shares by the
undersigned.  All information  furnished herein or hereby is for the sole use of
the Company and the  Company's  representatives  and counsel and will be held in
confidence by such persons,  except that this Agreement may be furnished to such
parties as may be deemed desirable to establish  compliance with federal,  state
or foreign securities laws.

SUBSCRIPTION AGREEMENT  Page 1
----------------------

<PAGE>

(b)     The  undersigned  has  adequate  net worth and  means of  providing  for
his current needs and possible personal  contingencies,  and the undersigned has
no need, and anticipates no need in the foreseeable  future,  to sell the Shares
for which the undersigned hereby subscribes. The undersigned is able to bear the
economic  risks of this  investment  and,  consequently,  without  limiting  the
generality of the foregoing,  the  undersigned is able to hold his Shares for an
indefinite  period of time and has a  sufficient  net worth to sustain a loss of
his entire  investment in the Company in the event such loss should  occur.  The
overall  commitment  by the  undersigned  to  investments  that are not  readily
marketable is not  disproportionate  to his net worth,  and his  acquisition  of
Shares  will  not  cause  such  overall  commitment  to  become  excessive.  The
undersigned is an "Accredited Investor" as defined by SEC Regulation D.

(c)     The  undersigned  has  such knowledge and experience  in  financial  and
business  matters that the  undersigned  is capable of evaluating the merits and
risks of an investment in the Shares.

(d)     The  undersigned   has  received  and  read  and is  familiar  with  the
materials  described  above,  and the  undersigned  confirms that all documents,
records,  and books pertaining to the undersigned's  proposed  investment in the
Company have been made available to the undersigned.

(e)     The  undersigned  has  had  an  opportunity  to  ask  questions  of  and
receive  satisfactory  answers from the Company, or any person or persons acting
on the Company's behalf, concerning the terms and conditions of this investment,
and all such  questions  have  been  answered  to the full  satisfaction  of the
undersigned.

(f)     The Shares for which the undersigned hereby subscribes will be  acquired
for the  undersigned's  own account for  investment and not with the view toward
resale or redistribution in a manner which would require  registration under the
1933 Act, and the  undersigned  does not now have any reason to  anticipate  any
change in the undersigned's  circumstances or other particular occasion or event
which would cause the undersigned to sell his Shares.

(g)     The undersigned represents  that  it has been  called to  his attention,
that an investment in the Shares involves a high degree of risk which may result
in the loss of the total amount of the undersigned's investment.

(h)     The  undersigned is now a bona fide individual resident of the state set
forth  herein  and the  address  and  social  security  number  or  federal  tax
identification  number set forth  herein is the true and correct  residence  and
social security number or federal tax identification  number of the undersigned.
The  undersigned  has no present  intention  of becoming a resident of any other
state or jurisdiction.

SUBSCRIPTION AGREEMENT  Page 2
----------------------

<PAGE>

(i)     The undersigned acknowledges that the Company has made available  to the
undersigned or the  undersigned's  personal  advisors the  opportunity to obtain
additional  information to verify the accuracy of the  information  contained in
the  disclosure  materials  and  to  evaluate  the  merits  and  risks  of  this
investment,  including,  but not limited to, the income tax  consequences of the
investment.  The  undersigned  represents  that,  by reason of his  business and
financial  experience,  the undersigned has acquired the capacity to protect his
own interest in investments of this nature.  In reaching the conclusion that the
undersigned  desires  to acquire  the  Shares,  the  undersigned  has  carefully
evaluated  his  financial  resources  and  investment  position  and  the  risks
associated  with this  investment and  acknowledges  that he is able to bear the
economic risks of this investment.

(j)     The Shares has  been  offered  to  the  undersigned  without any form of
general  solicitation  or advertising of any type by or on behalf of the Company
or any of its officers, directors, employees or agents, or any other person.

(k)     The  undersigned  understands  that  neither  the  Securities   Exchange
Commission nor any securities administrator of any state has made any finding or
determination  relating to the fairness of an  investment in the Shares and that
neither the Securities Exchange  Commission nor any securities  administrator of
any state has or will recommend or endorse any offering of the Shares.

4.      Limitation on Transfer of Shares.  The undersigned acknowledges  that he
is aware that there are substantial  restrictions on the  transferability of the
Shares.  The Shares will not be  registered  under the 1933 Act or of applicable
state  securities  laws, and the Shares may not be, and the  undersigned  agrees
that it shall not be, sold unless  such sale is  registered  or exempt from such
registration  under the 1933 Act or state  securities laws or  regulations.  The
undersigned further  acknowledges that the Company is under no obligation to aid
him  in  obtaining  any  exemption  from  the  registration  requirements.   The
undersigned also  acknowledges  that he shall be responsible for compliance with
all conditions on transfer imposed by any securities  administrator of any state
and for any expenses incurred by the Company for legal or accounting services in
connection with reviewing such a proposed  transfer and/or issuing an opinion in
connection therewith.  The Company agrees that, within nine months from the date
hereof,  it will file a registration  statement  covering open market resales of
the Shares.

5.       Compliance  with  Securities  Laws.  The  undersigned  understands  and
agrees that the following  restrictions  and  limitations  are applicable to the
undersigned's  purchase and resales or other transfers of the Shares pursuant to
the 1933 Act.

SUBSCRIPTION AGREEMENT  Page 3
----------------------

<PAGE>

(a)     The undersigned agrees that the Shares shall not  be  sold or  otherwise
transferred  unless  the  Shares  are  registered  under  the 1933 Act and state
securities laws or are exempt therefrom.

(b)     A legend in substantially  the following form has been or will be placed
on the certificate(s) or other document(s), if any, evidencing the Shares:

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT
AND HAVE NOT BEEN  REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS AMENDED,  OR
THE SECURITIES LAWS OF ANY STATE. WITHOUT SUCH REGISTRATION, SUCH SECURITIES MAY
NOT BE SOLD OR OTHERWISE TRANSFERRED,  EXCEPT UPON DELIVERY TO THE COMPANY OF AN
OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED
FOR SUCH TRANSFER OF THE SUBMISSION TO THE COMPANY OF SUCH OTHER EVIDENCE AS MAY
BE SATISFACTORY TO THE COMPANY TO THE EFFECT THAT ANY SUCH TRANSFER SHALL NOT BE
IN VIOLATION  OF THE  SECURITIES  ACT OF 1933,  AS AMENDED OR  APPLICABLE  STATE
SECURITIES LAWS OR ANY RULE OR REGULATION PROMULGATED THEREUNDER.

(c)     Stop transfer  instructions have been or will be imposed with respect to
the Shares so as to restrict  resale or other transfer  thereof,  subject to the
further  items  hereof,  including  the  provisions  of the  legend set forth in
subparagraph (b) above.

SUBSCRIPTION AGREEMENT  Page 4
----------------------

<PAGE>

IN WITNESS  WHEREOF,  subject to acceptance by the Company,  the undersigned has
completed  this  Subscription  Agreement  to evidence his  subscription  for the
Shares set forth below:

Total subscription amount:   $1,000,000

Number of Shares:   125,000

Shares To Be Registered as follows:

PRIVATE EQUITY JAPAN CO., LTD.

-----------------------                     -----------------------------
Address                                              Signature

-----------------------                     -----------------------------
                                            Name(s) typed or printed

-----------------------
Tax I.D. Number

 ................................................................................

Subscription Accepted:

                                     MAX Internet Communications, Inc.

                               By: _____________________________________

                               Name: ___________________________________

                               Title: ____________________________________

SUBSCRIPTION AGREEMENT  Page 5
----------------------Exhibit 10.13

                            STOCK PURCHASE AGREEMENT

         THIS STOCK PURCHASE AGREEMENT, made and entered into as of December 31,
1999, by and between MAX Internet Communications, Inc., a Nevada corporation and
MAXpc Technologies,  Inc., a Texas corporation (together hereinafter referred to
as the "Seller") and Clear Springs  Investments  Ltd., a British  Virgin Islands
corporation (hereinafter referred to as the "Buyer").

                              W I T N E S S E T H:

         WHEREAS,  the Seller owns all of the outstanding quotas of MAX Internet
Communications   do  Brasil,   LTDA,  a  private  limited   liability   company,
(hereinafter  referred to as the "Quotas"),  a corporation formed under the laws
of Brazil (hereinafter referred to as the "Company"); and

         WHEREAS,  the  Seller  desires  to sell the  Quotas  to Buyer and Buyer
desires to purchase  the Quotas on the terms and subject to the  conditions  set
forth herein;

         NOW  THEREFORE,  in  consideration  of  the  premises  and  the  mutual
covenants set forth below and other good and valuable consideration, the receipt
and  adequacy  of which are hereby  acknowledged,  and  intending  to be legally
bound, the parties hereto do hereby agree as follows:

                                       I.

                           PURCHASE AND SALE OF QUOTAS

         SECTION  1.01  Purchase  and Sale of  Quotas.  Subject to the terms and
conditions  set  forth  herein,  effective  the date on which  all  transactions
described herein are completed and closed (the "Closing Date") Seller shall sell
to the Buyer, and the Buyer shall purchase from Seller the Quotas.  Seller shall
transfer  all of its right,  title,  and  interest  in and to the  Quotas  being
conveyed by it to Buyer free and clear of any lien, security interest,  or other
encumbrance  of any  nature  and free of any claim by any person or entity to or
against the Quotas.

         SECTION  1.02  Purchase  Price.   The  purchase  price  of  the  Quotas
(hereinafter  referred  to as the  "Purchase  Price")  shall  be the  sum of BRL
600,000 and the other provisions and terms contained herein.  The purchase price
shall be payable from Buyer to Seller in three  installments  by wire  transfer,
the first  installment  of BRL 200,000  within 60 days of the effective  date of
this  agreement,  the second  installment  of BRL 200,000  within 30 days of the
payment  of the first  installment,  and the third  installment  of BRL  200,000
within 30 days of payment of the second installment.

                                      -1-

<PAGE>

                                       II.

                  REPRESENTATIONS AND WARRANTIES OF THE SELLER

The Seller  hereby  represents  and warrants  to, and agrees with,  the Buyer as
follows:

         SECTION 2.01  Authority.  Seller is duly authorized  and possesses  all
necessary corporate power to effect the sale hereby.

         SECTION  2.02 OTHER THAN THE  FOREGOING,  THE QUOTAS SOLD  HEREUNDER BY
SELLER ARE  PROVIDED  "AS IS" WITH NO  WARRANTY OF ANY KIND,  EXPRESS,  IMPLIED,
STATUTORY  OR  OTHERWISE,  INCLUDING  BUT NOT  LIMITED  TO,  ANY  WARRANTIES  OR
CONDITIONS AS TO THE COMPANY, AND EACH PARTY SPECIFICALLY  DISCLAIMS ANY IMPLIED
WARRANTIES  OF  MERCHANTABILITY,  NONINFRINGEMENT  OF ANY THIRD PARTY  RIGHTS OR
FITNESS FOR A PARTICULAR  PURPOSE.  EACH PARTY AGREES THAT THIS OWNERSHIP OF THE
QUOTAS SHALL BE ENTIRELY AT BUYER'S OWN RISK. SELLER MAKES NO REPRESENTATIONS OR
WARRANTIES,  OR PROVIDES BUYER WITH ANY INDEMNIFICATION,  WITH RESPECT TO QUOTAS
OR ANY ASSETS PURCHASED BY BUYER UNDER THIS AGREEMENT.

                                      III.

                     REPRESENTATIONS AND WARRANTIES OF BUYER

Buyer  hereby  represents  and  warrants  to, and agrees  with,  the  Sellers as
follows:

         SECTION 3.01  Investment Representations

     (a) The  Quotas  to be  acquired  by Buyer  will be  acquired  by Buyer for
investment  for Buyer's own  account,  not as a nominee or agent for any person,
and not with a view to the sale or distribution of all or any part thereof.

     (b) The Buyer  understands  that the Quotas may not be sold or offered  for
sale within the United States of America or to any "U.S.  persons" as defined by
U.S. federal securities laws.

                                      -2-

<PAGE>

     SECTION 3.02 Brokers. Buyer has not made any agreement or arrangement which
would result in any broker,  finder,  agent or other person or entity having any
claim for any fee, commission,  or payment against any Seller in connection with
the  negotiation  or execution  of this  Agreement  or the  consummation  of the
transactions contemplated hereby.

     SECTION  3.03  Authorization,  etc.  Buyer has the  power,  authority,  and
capacity  to  enter  into  this  Agreement  and to  carry  out the  transactions
contemplated  hereby, and this Agreement has been duly executed and delivered by
Buyer.

     SECTION  3.04  No  Consent  Required.  No  consent,   approval,   order  or
authorization  of, or registration,  declaration or filing with any governmental
or public body or  authority  is required  for Buyer to execute and deliver this
Agreement and perform its obligations hereunder.

     SECTION 3.05 Liabilities.  Buyer acknowledges that upon the purchase of the
Quotas,  the  Company  will  continue  to be liable for all of its  obligations,
whether fixed, accrued or contingent, whether existing or arising in the future,
and that Seller will have no further  liability  for any such  obligation of the
Company, except as provided in this Agreement.

                                       IV.

                                 INDEMNIFICATION

     SECTION 4.01 Buyer's  Claims.  The Seller shall indemnify and hold harmless
Buyer,  its successors and assigns,  and their respective  officers,  directors,
employees,  shareholders,  agents,  and affiliates  against any and all damages,
claims, losses, liabilities, and expenses actually incurred by Buyer, including,
without limitation,  legal, accounting,  and other expenses, which may arise out
of (i) any  breach  of any of the  representations  or  warranties  made in this
Agreement by the Seller,  or (ii) any claims against Buyer from a stockholder of
Seller or other party (other than a creditor of the Company seeking to enforce a
debt  owed  by the  Company)  challenging  the  validity  or  legality  of  this
Agreement. Such indemnification obligation shall survive the Closing.

     SECTION 4.02 Seller's Claim. Buyer shall indemnify and hold harmless Seller
and its assigns,  agents,  and affiliates  against any and all damages,  claims,
losses,   liabilities  and  expenses,   including  without   limitation,   legal
accounting,  and other expenses actually incurred by Seller, which may arise out
of any breach of any of the representations or warranties made in this Agreement
by  Buyer,  and  for any  liabilities  or  obligations  of the  Company  arising
hereafter.

                                      -3-

<PAGE>

                                       V.

                                OTHER AGREEMENTS

     SECTION 5.01 Future  Assistance.  Each party hereto shall assist the others
in fulfilling  the intent and purposes of this Agreement and shall take all such
further  action as shall be  reasonably  necessary  to  effectively  convey  the
business  of the Company to Buyer,  have  access to all books,  records and data
regarding the Company,  and allow for the timely reporting of the transaction to
all governmental and taxing  authorities.  Concurrently with the consummation of
the transactions  contemplated by this Agreement,  Seller shall deliver to Buyer
all books and records, including financial records, related to the Company.

     SECTION 5.02 Tax Matters.  Seller will file all tax returns  required to be
filed  by the  Company  related  to  periods  ending  at or prior to the date of
consummation of the transactions contemplated by this Agreement.

     SECTION 5.03  Intercompany  Payable.  All  intercompany  payables  from the
Company to Seller,  all of which are set forth on attached  Schedule 5.04, shall
be payable from the Company to Seller in the manner described in Section 5.05.

     SECTION 5.04 Pending Transactions.  As of the Closing,  there are two major
transactions  and  several  smaller  transactions  in  progress  for the sale of
Seller's products to customers of the Company. These consist of:

          1.   Sale of 20,000  MAX  i.c.Live  3600R  cards and Fong Kai  Cameras
               (together a "Kit") to the  Government  of Brasil,  of which 8,000
               Kits are to be  delivered  by February 18, 2000 and paid for upon
               delivery,  and 12,000 kits to be  delivered by March 31, 2000 and
               paid for upon delivery.

          2.   Sale of approximately 2,500 Kits to other customers.

The first amounts  collected on these sales shall be applied to the intercompany
payables described on Schedule 5.03.

In  addition,  a sale of 6,000  Kits to  Igen-Parti  Solutions  will be paid for
directly to Seller from the customer on or before February 15, 2000. Seller will
pay the  Company  10% of the net  profit  realized  by Seller on this  sale.  In
addition,  the Seller will bear up the first  USD1,000,000 of tariffs and duties
resulting from such sale.

         SECTION 5.05 Future Transactions. From the date of Closing, the Company
shall be  appointed a  distributor  for the Seller  pursuant to the terms of the
Distributor  Agreement  attached as Exhibit A. Prices  charged to the Company by
the Seller shall be those in effect for other distributors of the Seller.

     SECTION 5.06 Microtec.  Sales of products to Microtec shall be described in
the Distributor Agreement.

                                      -4-

<PAGE>

                                       VI.

                                  MISCELLANEOUS

     SECTION  6.01  Expenses.  Each party  hereto  will pay its own  expenses in
connection  with  the  transactions  contemplated  hereby,  whether  or not such
transactions  shall be  consummated,  and the  Seller  shall not charge any such
expenses to the Company.

     SECTION  6.02   Survival  of   Agreements.   All   covenants,   agreements,
representations  and  warranties  made herein shall  survive the  execution  and
delivery of this  Agreement  and the sale and  delivery  of the Quotas  pursuant
hereto.

     SECTION 6.03 Certain Rules of Interpretation.  Any information disclosed in
any schedule attached hereto or any certificate furnished in connection herewith
shall be deemed disclosed  wherever  otherwise  required,  and for all purposes,
under  this  Agreement,  whether or not  specific  reference  was made  thereto.
Inclusion  of any  information  in a schedule or exhibit  shall not be deemed an
admission as to the materiality of such information or otherwise alter or affect
the  provisions  of the  representation  or  warranty  to which the  schedule or
exhibit relates.

     SECTION 6.04 Parties in Interest. All covenants and agreements contained in
this Agreement by or on behalf of any of the parties hereto shall bind and inure
to the benefit of the  respective  successors  and assigns of the parties hereto
whether so expressed or not.

     SECTION  6.05  Notices.   All  notices,   requests,   consents,   or  other
communications  hereunder shall be in writing and shall be delivered  personally
or by courier or mailed by first class  registered  or certified  mail,  postage
prepaid, in either case addressed as follows:

         (a)      if to the Buyer

                           Clear Springs Investments Ltd.

                           ------------------------------

                           ------------------------------

         (b)      if to the Seller

                           MAX Internet Communications, Inc.
                           8115 Preston Road
                           Suite 800 - East
                           Dallas, Texas 75225
                           Attention:  Donald G. McLellan

or, in any such case,  at such other  address  or  addresses  as shall have been
furnished in writing by such party to the others. Any such  communication  shall
be deemed given when actually delivered to the address indicated.

     SECTION  6.06  LAW  GOVERNING.  THIS  AGREEMENT  SHALL BE  GOVERNED  BY AND
CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF BRAZIL.

     SECTION 6.07 Entire Agreement. This Agreement, along with the Schedules and
Exhibits  attached hereto,  constitutes the entire agreement of the parties with
respect to the subject  matter hereof and may not be modified or amended  except
in writing.

                                      -5-

<PAGE>

     SECTION  6.08  Counterparts.   This  Agreement,  including  all  agreements
executed and delivered  hereunder,  may be executed in two or more counterparts,
each of which  shall be  deemed an  original,  but all of which  together  shall
constitute one and the same instrument.

     SECTION 6.09 Time. Time is of the essence of this Agreement.

     IN WITNESS WHEREOF, Seller and Buyer have executed this Agreement or caused
this   Agreement   to  be  executed  on  its  behalf  by  its  duly   authorized
representative, as of the day and year first above written.

                                          SELLER:

                                          MAX INTERNET COMMUNICATIONS, INC.

                                          By: __________________________________
                                                   Donald G. McLellan, President

                                          MAXPC TECHNOLOGIES, INC.

                                          By: __________________________________
                                                   Donald G. McLellan, President

                                          BUYER:

                                          CLEAR SPRINGS INVESTMENTS LTD.

                                          By:___________________________________
                                          Name: Carlos Lima-Freitas
                                          Title: by Power of Attorney
                                          From Disney Thompson, Director

                                      -6-

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