Document:

EXHIBIT 4.2.9
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EXCEPT AS OTHERWISE PROVIDED IN THIS WARRANT, THE SECURITIES EVIDENCED BY THIS
WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS (i) THERE IS
AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT COVERING SUCH SECURITIES, (ii)
THE SALE IS MADE IN ACCORDANCE WITH RULE 144 UNDER THE ACT, OR (iii) THE COMPANY
RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THESE SECURITIES REASONABLY
SATISFACTORY TO THE COMPANY STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR
HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY
REQUIREMENTS OF THE ACT.

                             SALON MEDIA GROUP, INC.
                          COMMON STOCK PURCHASE WARRANT

          1. Price and Number of Shares Subject to Warrant. FOR VALUE RECEIVED
and subject to the terms and conditions herein set forth, Adobe Systems
Incorporated, (the "Purchaser"), is entitled to purchase from Salon Media Group,
Inc., a Delaware corporation (the "Company"), at any time after 5:00 p.m.
California time on February 14, 2002 and before the termination of this Warrant
pursuant to Section 12 below, at a price per share equal to $0.21, as adjusted
in accordance with Section 3 below (the "Warrant Price"), that number of shares
indicated in Section 2 below of fully paid and nonassessable shares of the
Common Stock of the Company (which Common Stock currently trades on the NASDAQ
SmallCap Market), as adjusted pursuant to Section 3 (the "Warrant Shares").

          2. Number of Shares of Warrant Shares. The number of Warrant Shares
for which this Warrant is exercisable is equal to 1,414,827.

          3. Adjustment of Warrant Price and Warrant Shares. The number of
shares of Warrant Shares issuable upon the exercise of this Warrant and the
exercise price thereof shall be subject to adjustment from time to time, and the
Company agrees to provide notice upon the happening of certain events, as
follows:

             (a) Merger, Sale of Assets, etc. If at any time the Company
proposes to (i) consolidate with or merge with or sell or convey all or
substantially all of its assets to any other corporation or entity, or (ii)
distribute stock, securities or other assets to the holders of Common Stock in
exchange for their shares of the Company's Common Stock, then the Company shall
give the holder of this Warrant thirty (30) days advance notice of the effective
date of such transaction and to the extent the Warrant has not been exercised in
full by the effective date of such transaction, this Warrant shall terminate.
The foregoing notwithstanding, a merger or consolidation of the Company with or
into another corporation after which the shareholders of the Company immediately
prior to such transaction hold more than fifty percent (50%) of the voting power
of the surviving entity, shall not result in termination of this Warrant;

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instead this Warrant shall be exchanged for a warrant of the surviving
corporation that shall entitle the holder hereof to acquire upon the exercise
thereof the number of shares of stock or other property to which the holder of
the number of shares of the Warrant Shares which are subject to this Warrant on
the effective date of the merger would have been entitled to receive for such
securities under the terms of the merger.

             (b) Reclassification, etc. If the Company at any time shall, by
subdivision, combination or reclassification of securities or otherwise, change
any of the securities to which purchase rights under this Warrant exist into the
same or a different number of securities of any class or classes, this Warrant
shall thereafter entitle its holder to acquire such number and kind of
securities as would have been issuable as the result of such change with respect
to the securities which were subject to the purchase rights under this Warrant
immediately prior to such subdivision. combination, reclassification or other
change. If shares of the class of the Company's stock for which this Warrant is
being exercised are subdivided or combined into a greater or smaller number of
shares of stock, the Warrant Price shall be proportionately reduced in the case
of subdivision of shares or proportionately increased in the case of combination
of shares, in both cases by the ratio which the total number of shares of such
class of stock to be outstanding immediately after such event bears to the total
number of shares of such class of stock outstanding immediately prior to such
event.

             (c) Adjustment for Dividends in Stock. In case at any time or from
time to time on or after the date hereof the holders of the shares of the
Company's capital stock of the same class and series as the Warrant Shares (or
any shares of stock or other securities at the time receivable upon the exercise
of this Warrant) shall have received, or, on or after the record date fixed for
the determination of eligible shareholders, shall have become entitled to
receive, without payment therefor, other or additional stock of the Company by
way of dividend, then and in each case, the holder of this Warrant shall, upon
the exercise hereof, be entitled to receive, in addition to the number of shares
of Warrant Shares receivable thereupon, and without payment of any additional
consideration therefor, the amount of such other or additional stock of the
Company which such holder would hold on the date of such exercise had it been
the holder of record of such Warrant Shares on the date hereof and had
thereafter, during the period from the date hereof to and including the date of
such exercise, retained such shares and/or all other additional stock receivable
by it as aforesaid during such period, giving effect to all adjustments called
for during such period by paragraph (c) of this Section 3.

             (d) Adjustment of Warrant Price.

                 (i) Special Definitions. For purposes of this Section 3(d), the
following definitions shall apply:

                     (A) "OPTIONS" shall mean rights, options or warrants to
subscribe for, purchase or otherwise acquire either Common Stock or Convertible
Securities (as defined below).

                     (B) "CONVERTIBLE SECURITIES" shall mean any evidences of
indebtedness, shares or other securities convertible into or exchangeable for
Common Stock.

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                     (C) "ADDITIONAL SHARES OF COMMON STOCK" shall mean all
shares of Common Stock issued (or, pursuant to Section 3(d)(iii) below, deemed
to be issued) by the Company after the Warrant Issue Date (as defined below),
other than shares of Common Stock issued or issuable:

                     (I) upon conversion of shares of Series A Preferred Stock;

                     (II) to officers, directors or employees of, or consultants
to, the Company pursuant to a warrant, stock grant, option agreement or plan,
purchase plan or other employee stock incentive program or agreement approved by
the Board of Directors, up to a maximum number of shares of Common Stock
(assuming full conversion of any such convertible securities into Common Stock)
equal to 25% of the then outstanding shares of the Company's Common Stock,
Series A Preferred Stock (as converted) and Series B Preferred Stock (as
converted);

                     (III) in connection with the acquisition by the Company of
another business entity or majority ownership thereof approved by the Board of
Directors;

                     (IV) to lease companies, real estate lessors, banks or
financial institutions, whether shares or warrants, in connection with any lease
or debt financing transaction approved by the Board of Directors;

                     (V) upon exercise of warrants outstanding as of the date of
the Warrant Issue Date (as defined hereafter);

                     (VI) in connection with a transaction described in Section
3(d)(vi);

                     (VII) in connection with a strategic investment and/or
acquisition of technology or intellectual property approved by the Board of
Directors;

                     (VIII) by way of dividend or other distribution on shares
of Common Stock excluded from the definition of Additional Shares of Common
Stock by the foregoing clauses (1) through (7).

                     (D) "WARRANT ISSUE DATE" shall mean the date on which the
Warrant was first issued by the Company.

                 (ii) No Adjustment of Warrant Price. No adjustment in the
Warrant Price shall be made with respect to the issuance of Additional Shares of
Common Stock unless the consideration per share for an Additional Share of
Common Stock issued or deemed to be issued by the Company is less than the
Warrant Price in effect on the date of, and immediately prior to, such issue.

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                 (iii) Deemed Issue of Additional Shares of Common Stock. In the
event the Company at any time or from time to time after the Warrant Issue Date
shall issue any Options or Convertible Securities or shall fix a record date for
the determination of holders of any class of securities entitled to receive any
such Options or Convertible Securities, then the maximum number of shares (as
set forth in the instrument relating thereto without regard to any provisions
contained therein for a subsequent adjustment of such number) of Common Stock
issuable upon the exercise of such Options or, in the case of Convertible
Securities, the conversion or exchange of the Convertible Securities shall be
deemed to be Additional Shares of Common Stock issued as of the time of the
issuance of such Option or Convertible Security or, in case such a record date
shall have been fixed, as of the close of business on such record date:

                     (A) except as provided in Section 3(d)(iii)(B) and
3(d)(iii)(C) below, no further adjustment in the Warrant Price shall be made
upon the subsequent issue of Convertible Securities or shares of Common Stock
upon the exercise of such Options or conversion or exchange of such Convertible
Securities;

                     (B) if such Options or Convertible Securities by their
terms provide, with the passage of time or otherwise, for any change in the
consideration payable to the Company, or change in the number of shares of
Common Stock issuable, upon the exercise, conversion or exchange thereof (other
than under or by reason of provisions designed to protect against dilution), a
Warrant Price computed upon the original issue thereof (or upon the occurrence
of a record date with respect thereto) and any subsequent adjustments based
thereon, shall, upon any such increase or decrease becoming effective, be
recomputed to reflect such increase or decrease insofar as it affects such
Options or the rights of conversion or exchange under such Convertible
Securities;

                     (C) upon the expiration of any such Options or Convertible
Securities, the Warrant Price, to the extent in any way affected by or computed
using such Options or Convertible Securities, shall be recomputed to reflect the
issuance of only the number of shares of Common Stock actually issued upon the
exercise of such Options or Convertible Securities; and

                     (D) no readjustment pursuant to Section 3(d)(iii) clauses
(B) and (C) above shall have the effect of increasing the Warrant Price to an
amount which exceeds the lower of (1) the Warrant Price on the original
adjustment date or (2) the Warrant Price that would have resulted from any
issuance of Additional Shares of Common Stock between the original adjustment
date and such readjustment date.

                 (iv) Adjustment of Warrant Price Upon Issuance of Additional
Shares of Common Stock Below Purchase Price. In the event this Corporation shall
issue Additional Shares of Common Stock (including Additional Shares of Common
Stock deemed to be issued pursuant to Section 3(d)(iii)), after the Warrant
Issue Date, without consideration or for a consideration per share less than the
Warrant Price in effect on the date of and immediately prior to such issue (such
issuance price being referred to herein as the "DILUTION PRICE"), then and in
each such event the Warrant Price shall automatically be adjusted as set forth
in this Section 3(d)(iv), unless otherwise provided in this Section 3(d)(i).

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                     (A) Adjustment Formula. Whenever the Conversion Price is
adjusted by Section 3(d)(iv), the new Warrant Price shall be determined by
multiplying the Warrant Price then in effect by a fraction, the numerator of
which shall be the number of shares of Common Stock outstanding immediately
prior to such issue plus the number of shares of Common Stock which the
aggregate consideration received by the Company for the total number of
Additional Shares of Common Stock so issued would purchase at such Warrant Price
in effect immediately prior to such issuance, and the denominator of which shall
be the number of shares of Common Stock outstanding immediately prior to such
issues plus the number of such additional shares of Common Stock so issued. For
the purposes of this paragraph, the number of outstanding shares of Common Stock
shall be deemed to include the Common Stock issuable on conversion of all other
outstanding Preferred Stock, upon conversion or exercise of any other
outstanding Convertible Securities and upon exercise of all vested Options (and
assuming conversion of Convertible Securities issuable upon exercise of
Options).

                 (v) Determination of Consideration. For purposes of this
Section 3(d), the consideration received by the Company for the issue of any
Additional Shares of Common Stock shall be computed as follows:

                     (A) Cash and Property: Such consideration shall:

                         (1) insofar as it consists of cash, be computed at the
aggregate amount of cash received by the Company before deducting any reasonable
discounts, commissions or other expenses allowed, paid or incurred by the
Company for any underwriting or otherwise in connection with the issuance and
sale thereof;

                         (2) insofar as it consists of property other than cash,
be computed at the fair value thereof at the time of such issue, as determined
by Board in the good faith exercise of its reasonable business judgment; and

                         (3) in the event Additional Shares of Common Stock are
issued together with other shares or securities or other assets of the Company
for consideration which covers both, be the proportion of such consideration so
received, computed as provided in clauses (1) and (2) above, as determined in
good faith by the Board.

                     (B) Options and Convertible Securities. The consideration
per share received by the Company for Additional Shares of Common Stock deemed
to have been issued pursuant to Section 3(d), relating to Options and
Convertible Securities, shall be determined by dividing:

                         (1) the total amount, if any, received or receivable by
the Company as consideration for the issue of such Options or Convertible
Securities, plus the minimum aggregate amount of additional consideration (as
set forth in the instruments relating thereto, without regard to any provision
contained therein for a subsequent adjustment of such consideration) payable to
the Company upon the exercise of such Options or the conversion or exchange of
such Convertible Securities, or in the case of Options for Convertible
Securities, the exercise of such Options for Convertible Securities and the

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conversion or exchange of such Convertible Securities, by the maximum number of
shares of Common Stock (as set forth in the instruments relating thereto,
without regard to any provision contained therein for a subsequent adjustment of
such number) issuable upon the exercise of such Options or the conversion or
exchange of such Convertible Securities.

          4. No Stockholder Rights. This Warrant, by itself, as distinguished
from any shares purchased hereunder, shall not entitle its holder to any of the
rights of a stockholder of the Company.

          5. Exercise of Warrant. This Warrant may be exercised in whole or part
by the holder, at any time after the date hereof and prior to the termination of
this Warrant, by the surrender of this Warrant, together with the Notice of
Exercise attached hereto as Attachment 1, duly completed and executed at the
principal office of the Company, accompanied by payment in full of the Warrant
Price in cash or by check with respect to the shares of Warrant Shares being
purchased. This Warrant shall be deemed to have been exercised immediately prior
to the close of business on the date of its surrender for exercise as provided
above, and the person entitled to receive the shares of Warrant Shares issuable
upon such exercises shall be treated for all purposes as holder of such shares
of record as of the close of business on such date. As promptly as practicable
after such date, the Company shall issue and deliver to the person or persons
entitled to receive the same a certificate or certificates for the number of
full shares of Warrant Shares issuable upon such exercise.

          6. Conversion. In lieu of exercising this Warrant or any portion
hereof by paying cash, the holder hereof shall have the right to convert this
Warrant or any portion hereof and receive Warrant Shares by executing and
delivering to the Company at its principal office the written notice of
conversion in the form attached hereto as Attachment 2, respectively, specifying
the portion of the Warrant to be converted, and accompanied by this Warrant. The
number of shares of Warrant Shares to be issued upon such conversion shall be
computed using the following formula:

            X = (P)(Y)(A-B)/A

            Where      X  =  the number of shares of Warrant Shares to be issued
                             to the holder for the portion of the Warrant being
                             converted.

                       P  =  the portion in the form of a fraction of the
                             Warrant being converted.

                       Y  =  the total number of shares of Warrant Shares
                             issuable upon exercise of the Warrant in full.

                       A  =  the fair market value of one share of Warrant
                             Shares which shall mean the last reported sale
                             price per share of the Common Stock as reported on
                             the Nasdaq National Market (or if the Common Stock
                             is not then listed on the Nasdaq National Market,
                             then such last reported sale price on a national
                             securities exchange or other nationally recognized
                             exchange or trading system) on the day upon

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                             which the holder delivered its notice of conversion
                             to the Company, or if no such price is reported on
                             such day, such price on the next preceding business
                             day for which such price is reported.

                       B  =  the Warrant Price on the day upon which the holder
                             delivered its notice of conversion to the Company.

Any portion of this Warrant that is converted shall be immediately canceled.

          7. Certificate of Adjustment. Whenever the Warrant Price or number or
type of securities issuable upon exercise of this Warrant is adjusted, as herein
provided, the Company shall deliver to the record holder of this Warrant a
certificate of an officer or other authorized person of the Company setting
forth the nature of such adjustment and a brief statement of the facts requiring
such adjustment.

          8. Sale or Transfer of Warrant. The Purchaser shall not sell or
transfer this Warrant other than to an affiliate of Purchaser. For the purposes
of this Agreement, an "Affiliate" shall mean any partner, limited partner or
member of Purchaser or any person or entity that directly or indirectly through
one or more intermediaries controls or is controlled by or is under common
control with Purchaser.

          9. Successors and Assigns. The terms and provisions of this Warrant
shall inure to the benefit of, and be binding upon the Company, its successors
and assigns. This Warrant cannot be assigned by Purchaser, except to an
Affiliate, without the express written consent of the Company.

          10. Representations and Covenants of the Company. The Company makes
the following representations and covenants:

             (a) Authorization. All corporate action on the part of the Company,
its officers, directors and stockholders necessary for the authorization,
execution and delivery of this Warrant, the performance of all obligations of
the Company hereunder and thereunder, and the authorization, issuance (or
reservation for issuance), sale and delivery of the Warrant Shares issuable
hereunder has been taken or will be taken prior to the Closing, and this Warrant
constitutes valid and legally binding obligations of the Company, enforceable in
accordance with its terms, except (i) as limited by applicable bankruptcy,
insolvency, reorganization, moratorium and other laws of general application
affecting enforcement of creditors' rights generally, (ii) as limited by laws
relating to the availability of specific performance, injunctive relief or other
equitable remedies and (iii) to the extent the indemnification provisions
contained in this Warrant may be limited by applicable federal or state
securities laws.

             (b) Valid Issuance of Common Stock. The Warrant Shares issuable
hereunder, when issued, sold and delivered in accordance with the terms of this
Warrant for the consideration expressed herein, will be duly and validly issued,
fully paid and nonassessable, and will be free of restrictions on transfer other
than restrictions on transfer under this Warrant and under applicable state and
federal securities laws.

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             (c) Reservation of Common Stock. The Common Stock issuable upon
exercise or conversion of this Warrant has been duly and validly reserved. The
Company will at all times during the term of the Warrant have authorized and
reserved a sufficient number of shares of Common Stock to provide for the
exercise rights represented by the Warrant, free from preemptive rights. In the
event the number of authorized but unissued shares of Common Stock are not
sufficient to permit exercise of the Warrant, the Company will take any such
corporate action necessary to increase its authorized but unissued shares of
common Stock to permit such exercise.

             (d) Company Action. The Company will at all times during the term
of this Warrant act in good faith to assist in the carrying out of all of the
provisions of this Warrant. The Company will at all times during the term of the
Warrant take any and all action as may be necessary or appropriate to protect
the exercise of the rights of the Purchaser under this Warrant.

          11. Representations and Covenants of the Purchaser. This Warrant has
been entered into by the Company in reliance upon the following representations
and covenants of the Purchaser:

             (a) Investment Purpose. The right to acquire Common Stock contained
herein will be acquired for investment and not with a view to the sale or
distribution of any part thereof, and the Purchaser has no present intention of
selling or engaging in any public distribution of the same except pursuant to a
registration or exemption.

             (b) Private Issue. The Purchaser understands (i) that the Common
Stock issuable upon exercise of the purchase rights under this Warrant is not
registered under the Securities Act of 1933 Act or qualified under applicable
state securities laws on the ground that the issuance contemplated by this
Warrant will be exempt from the registration and qualifications requirements
thereof, and (ii) that the Company's reliance on such exemption is predicated on
the representations set forth in this Section

             (c) Financial Risk. The Purchaser has such knowledge and experience
in financial and business matters as to be capable of evaluating the merits and
risks of its investment, and has the ability to bear the economic risks of its
investment.

             (d) Accredited Investor. Purchaser is an "accredited investor"
within the meaning of SEC Rule 501 of Regulation D, as presently in effect.

             (e) Authorization. This Warrant constitutes the Purchaser's valid
and legally binding obligation, enforceable in accordance with its terms.

             (f) Disclosure of Information. Purchaser believes it has received
all the information it considers necessary or appropriate for deciding whether
to purchase the rights under this Warrant. Purchaser further represents that it
has had an opportunity to ask questions and receive answers from the Company
regarding the terms and conditions of the Warrant and the Common Stock issuable
upon exercise of the purchase rights thereunder.

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             (g) Investment Experience. Purchaser is an investor in securities
of companies and acknowledges that it is able to fend for itself, can bear the
economic risk of its investment and has such knowledge and experience in
financial or business matters that it is capable of evaluating the merits and
risks of the investment in the Company's stock. If other than an individual,
Purchaser also represents that it has not been organized for the purpose of
acquiring the rights under this Warrant.

             (h) Legends. It is understood that the Common Stock issuable upon
exercise of the rights under this Warrant may bear one or all of the following
legends:

                 (i) "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT") AND ARE
"RESTRICTED SECURITIES" AS DEFINED IN RULE 144 PROMULGATED UNDER THE ACT. THE
SECURITIES MAY NOT BE SOLD OR OFFERED FOR SALE OR OTHERWISE DISTRIBUTED EXCEPT
(i) IN CONJUNCTION WITH AN EFFECTIVE REGISTRATION STATEMENT FOR THE SHARES UNDER
THE ACT OR (ii) IN COMPLIANCE WITH RULE 144, OR (iii) PURSUANT TO AN OPINION OF
COUNSEL, THAT SUCH REGISTRATION OR COMPLIANCE IS NOT REQUIRED AS TO SAID SALE,
OFFER OR DISTRIBUTION."

                 (ii) Any legend required by the laws of the State of California
or other states, including any legend required by the California Department of
Corporations and Sections 417 and 418 of the Corporations Code.

          12. Termination. Unless otherwise terminated pursuant to Section 3 (a)
above, this Warrant shall terminate at 5:00 p.m., California time, on the fifth
anniversary of the date hereof.

          13. Notices. Unless otherwise provided, any notice required or
permitted under this Warrant shall be given in writing and shall be deemed
effectively given upon personal delivery to the party to be notified or upon
deposit with the United States Post Office, by registered or certified mail,
postage prepaid and addressed to the party to be notified at the address
supplied by Purchaser to the Company or at such other address as Purchaser shall
designate by ten days advance written notice to the Company.

          14. Miscellaneous. This Warrant shall be governed by the laws of the
State of California, as such laws are applied to contracts to be entered into
and performed entirely in California by California residents. The headings in
this Warrant are for purposes of convenience and reference only, and shall not
be deemed to constitute a part hereof. Any provision of this Warrant may be
amended, waived or modified upon the written consent of the Company, and the
Purchaser; provided, however that each other Purchaser of a Warrant shall, at
its option, be entitled to amend, waive or modify the Warrant held by such
Purchaser in a similar manner.

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Upon delivery of written notice to the Company by the Purchaser, this Warrant
shall be deemed amended, waived or modified in the same manner as any other
Warrant. Any amendment or waiver effected in accordance with this Section 14
shall be binding upon the Company, the Purchaser and each transferee of this
Warrant.

                                              SALON MEDIA GROUP, INC.

                                              By:  /s/ Michael J. O'Donnell
                                                 -------------------------------
                                              Title:  CEO/President

                                       10EX-10.0

EX 10.0  Definitive Agreement between Environmental Protection International.
         "EPI", and Phon-Net.com Inc.

                                    AGREEMENT
                                    ---------

This Agreement ("AGREEMENT"), is between Environmental Protection International
("EPI") a New York Corporation, referred to as "EPI", and Phon net.com Inc. a
Florida corporation, referred to as "PHNT"

                              W I T N E S S E T H:

A.       WHEREAS, PHNT is a corporation organized under the laws of Florida
B.       WHEREAS, EPI is willing to sell, and PHNT desires to exchange shares
         of capital stock in PHNT and pay cash.
C.       WHEREAS, EPI by consent of majority of its shareholders and creditors
         agrees and the majority of shareholders of PHNT agree to a share
         exchange on the following terms,
D.       WHEREAS, PHNT and EPI will benefit from the transactions contemplated
         hereby and desire to implement the contemplated transaction.

         NOW, THEREFORE, it is agreed among the parties as follows:

                                   DEFINITIONS

 "Effective Date"          The effective date of this agreement shall be the
                           15th day of March 2002.

 "SEC "                    The United States Securities and Exchange Commission

 "Shares"                  The shares mean the common shares of the PHNT.

 "Class B Shares"          The Super voting right shares as described in the
                           regulatory filings.

 "Preferred Shares"        The authorized class of Preferred shares authorized by PHNT

 "Corporate Attorney "     means Jeff Klein, a lawyer employed at the Law firm
                           of Newman, Pollock and Klein located in Boca Raton,
                           Florida USA

                                    ARTICLE I

                                The Consideration
                                -----------------

1.1  PHNT shall pay a consideration in the sum of eight hundred thousand dollars
     to EPI Venture Capital Firm/Creditor, paid the shareholders of EPI one
     million shares of common stock, and agree to invest an additional seven
     hundred thousand dollars to expand the business over the next twelve
     months.

1.2  EPI has received venture capital in the form of a debenture from a
     debenture holder in the sum of eight hundred thousand dollars. PHNT hereby
     agrees to assume the liability in the acquisition of EPI under the
     condition the debenture holder accepts the repayment plan stated in this
     section 1.2.

          PHNT shall pay the holders the sum of Eight Hundred Thousand Dollars
          over the next twenty-four months after the effective date of this
          transaction pursuant to the terms set forth. PHNT shall make four
          payments to the debenture  holder. The first payment of two hundred
          dollars ($200,000.00) shall be due in nine months after the execution
          of this document. PHNT is required to pay three additional payments in
          the amount of two hundred thousand dollars ($200,000.00) due on the
          dates outlined in this schedule.

          Schedule

               1.)     December 15, 2002                   $200,000.00
               2.)     June 15, 2003                       $200,000.00
               3.)     December 15, 2003                   $200,000.00
               4.)     March 15, 2004        Final Payment $200,000.00

1.3  Capital Requirements: PHNT agrees that additional capital is required to
     increase the revenue and profitability of EPI.  PHNT shall provide
     additional funding to support the expansion of EPI.

     1.  PHNT shall invest two hundred fifty thousand dollars ($250,000.00)
         within Thirty days of the execution of this agreement. EPI agrees that
         use of proceeds shall be used for to execute their current contracts.
     2.  PHNT shall invest an addition five hundred thousand dollars
         ($500,000.00) for the expansion and marketing of additional personnel
         of EPI within six months of the execution of this agreement.

1.4  PHNT shall pay one million share of common stock to the shareholders  of
     EPI. EPI acknowledge and understands that the shares are not registered
     under Securities Act of 1933, as amended, or any state securities law. The
     holder of the stock agrees not to sell the shares of common stock except
     pursuant to an effective registration or pursuant to an exemption from
     registration under such laws

                                   ARTICLE II

               Representations, Warranties, and Covenants of EPIS
               ---------------------------------------------------

The EPI makes these representations or warranties as officers and directors of
EPI

     EPI hereby represent, warrant, and covenant to PHNT as follows:

     2.1 EPI is a corporation duly organized, validly existing and in good
standing under the laws of New York, and has the corporate power and authority
to carry on its business as it is now being conducted. The Articles of
Incorporation of EPI and amendments, copies of which have been delivered to
PHNT, are complete and accurate, and the minute books of EPI, which will be
delivered to PHNT contain a complete and accurate record of all material actions
taken at, all meetings of the shareholders and Board of Directors of EPI.

     2.2 The aggregate number of shares, which EPI is authorized to issue, is an
unlimited number of shares with no value of which 1,000,000 shares are issued
and outstanding. Such shares are fully paid and non-assessable. EPI has no
outstanding options, warrants or other rights to purchase, or subscribe to, or
securities convertible into or exchangeable for any shares of capital stock.

     2.3 The EPI has complete and unrestricted power to enter into and, upon
receipt of the appropriate approvals as required by law, to consummate the
transactions contemplated by this Agreement.

     2.4 EPI shall not enter into or consummate any transactions other than
those required in the normal course of business, prior to the closing date and
will pay no dividend, or increase the compensation of officers and will not
enter into any other material business agreement or transaction, prior to the
closing date without written approval of PHNT.

     2.5 The representations and warranties of EPI shall be true and correct as
of the date hereof and as of the Closing Date.

     2.6 The EPI has made available to PHNT all of the corporate books and
pertinent records of EPI for review such records and books are subject to
complete confidentiality and to be returned promptly if removed from EPI premise
if this agreement fails to close.

     2.7 No representation or warranty by EPI in this Agreement or any document
or certificate delivered pursuant hereto contains any untrue statement of a
material fact or omits to state any material fact necessary to make such
representation or warranty not misleading.

     2.8. All financial statements delivered by EPI to PHNT herein sometimes
called " Financial Statements" are (and will be) complete and correct in all
material respects and, together with the notes to these financial statements,
present fairly the financial position and results of operations of the periods
indicated. The financial statements of EPI have been prepared in accordance with
American Generally Accepted Accounting Principles and are un-audited. The
Financial statements and books and records of EPI are accurate and in good
order. They are available for a review by PHNT and their SEC approved auditor.
In the event the books and records of EPI and their financial statements do not
meet with the approval of the above Auditor then this agreement becomes null and
void. Any employment and other agreements between the PHNT and the principles of
EPI shall also become null and void.

     2.9 Since the dates of the EPI Financial Statements, there have not been
any material adverse changes in the business or condition, financial or
otherwise, of EPI. EPI does not have any material liabilities or obligations,
secured or unsecured, except as shown in the financial statements.

     2.10 There are no pending legal proceedings or regulatory proceedings
involving EPI, there are no legal proceedings or regulatory proceedings
involving material claims pending, or, to the knowledge of the officers of EPI
and EPI, threatened against EPI or affecting any of their assets or properties,
and EPI is not in any material breach or violation of or default under any
contract or instrument to which EPI is a party.

     2.11 Intellectual Property Rights.  Attached hereto as Exhibit A is a list
of all trademarks, trade names, copyrights, patents, common law proprietary
claims which are owned by the Company together with copies of any official
notice from any issuing governing organization.

                                   ARTICLE III

               Representations, Warranties, and Covenants of PHNT
               --------------------------------------------------

No representations or warranties are made by any director, officer, employee, or
shareholder of PHNT as individuals, except as and to the extent stated in this
Agreement or in a separate written statement.

     PHNT hereby represents, warrants, and covenants to EPI as follows:

     3.1 PHNT is a corporation duly organized, validly existing, and in good
standing under the laws of the Florida and has the corporate power and authority
and to carry on its business as it is now being conducted.

     3.2 PHNT has complete and unrestricted  power to enter into this agreement;
and, to consummate the transactions contemplated by this Agreement.

     3.3 Neither the making of nor the compliance  with the terms and provisions
of this Agreement and consummation of the transactions contemplated herein by
PHNT will conflict with or result in a breach or violation of the Articles of
Incorporation or Bylaws of PHNT, or any SEC regulations.

     3.4 The execution of this Agreement has been duly authorized and approved
by the Board of Directors of the PHNT.

     3.5 The representations and warranties of PHNT shall be true and correct as
of the date hereof and as of the Closing Date.

                                   ARTICLE IV

               Obligations of the Parties Pending the Closing Date
               ---------------------------------------------------

     4.1 At all times prior to the Closing Date during regular business hours,
EPI will arrange for the PHNT to examine the books and records of EPI and the
PHNT will allow EPI to examine its books and records to the extent the same are
relevant to the purchase of the Stock and will furnish copies thereof on
request. It is recognized that, during the performance of this Agreement, each
party may provide the other party with information that is confidential or
proprietary information. During the term of this Agreement, and for two years
following the earlier of the Closing or the termination of this Agreement, the
recipient of such information shall protect such information from disclosure to
persons, other than members of its own or affiliated organizations and its
professional advisers, in the same manner as it protects its own confidential or
proprietary information from unauthorized disclosure, and not use such
information to the competitive detriment of the disclosing party. In addition,
if this Agreement is terminated for any reason, each party shall promptly
destroy, return, or cause to be returned all documents or other written records
of such confidential or proprietary information, together with all copies of
such writings and, in addition, shall either furnish or cause to be furnished,
or shall destroy, or shall maintain with such standard of care as is exercised
with respect to its own confidential or proprietary information, all copies of
all documents or other written records developed or prepared by such party on
the basis of such confidential or proprietary information. No information shall
be considered confidential or proprietary if it is (a) information already in
the possession of the party to whom disclosure is made, (b) information acquired
by the party to whom the disclosure is made from other sources, or (c)
information in the public domain or generally available to interested persons or
which at a later date passes into the public domain or becomes available to the
party to whom disclosure is made without any wrongdoing by the party to whom the
disclosure is made.

     4.2 The EPI and PHNT shall promptly provide each other with information as
to any significant developments in the performance of this Agreement, and shall
promptly notify the other if it discovers that any of its representations,
warranties and covenants contained in this Agreement or in any document
delivered in connection with this Agreement was not true and correct in all
material respects or became untrue or incorrect in any material respect.

     4.3 All parties to this Agreement shall take all such action as may be
reasonably necessary and appropriate and shall use their best efforts in order
to consummate the transactions contemplated hereby as promptly as practicable.

                                    ARTICLE V

                              Procedure for Closing
                              ---------------------

     5.1 Prior to the execution of this document the EPI shall present a proxy
tally indicating the approval of the majority of shareholders of EPI. EPI must
deliver all certificates of EPI to the Corporate Attorney for the execution of
the share exchange.

     5.2 Prior to the closing of the transaction the each member of Board of
Directors of PHNT must issue a statement in writing indicating they have
reviewed necessary documentation for their full satisfaction and approval of the
share exchange.

     5.3 Prior to the execution of this agreement the debenture holder must has
signed all necessary documentation required pursuant to the terms and conditions
set forth in this document.

                                   ARTICLE VI

                           Conditions Precedent to the
                           ---------------------------
                          Consummation of the Purchase
                          ----------------------------

     The following are conditions precedent to the consummation of the Agreement
on or before the Closing Date:

     6.1 The EPI and PHNT shall each have performed and complied with all of
their respective obligations hereunder that are to be complied with or performed
on or before the Closing Date and EPI and PHNT shall provide one another at the
Closing with a certificate to the effect that such party has performed each of
the acts and undertakings required to be performed by it on or before the
Closing Date pursuant to the terms of this Agreement.

     6.2 This Agreement and the transactions contemplated herein shall have been
duly and validly authorized, approved and adopted by EPI and by PHNT in
accordance with the applicable laws.

     6.3 No action, suit or proceeding shall have been instituted or shall have
been threatened before any court or other governmental body or by any public
authority to restrain, enjoin or prohibit the transactions contemplated herein,
or which might subject any of the parties hereto or their directors or officers
to any material liability, fine, forfeiture or penalty on the grounds that the
transactions contemplated hereby, the parties hereto or their directors or
officers, have violated any applicable law or regulation or have otherwise acted
improperly in connection with the transactions contemplated hereby, and the
parties hereto have been advised by counsel that, in the opinion of such
counsel, such action, suit or proceeding raises substantial questions of law or
fact which if decided adversely to any party hereto or its directors or officers
of EPI would materially and adversely affect the business, assets, or financial
position of EPI.

     6.4 No press release or public statement will be issued relating to the
transactions contemplated by this Agreement without prior approval of the other
party. However, either PHNT or EPI may issue at any time any press release or
other public statement it believes on the advice of its counsel it is obligated
to issue to avoid liability under the law relating to disclosures, but the party
issuing such press release or public statement will give prior written notice to
the other party and opportunity to participate in such release or statement.

     6.5 All material employees of EPI will sign employment contracts with PHNT
and PHNT has the right to determine which employees is material.

                                   ARTICLE VII

                           Termination and Abandonment
                           ---------------------------

     7.1 Anything contained in this Agreement to the contrary notwithstanding,
the Agreement may be terminated and abandoned at any time prior to the closing
date:

     (a)  By mutual consent of EPI and PHNT;

     (b)  By either party, if any condition set forth in Article VII relating to
          the other party has not been met or has not been waived by the closing
          date;

     (c)  By PHNT and EPI if any suit, action or other proceeding shall be
          pending or threatened by the federal or a state government before any
          court or governmental agency, in which it is sought to restrain,
          prohibit or otherwise affect the consummation of the transactions
          contemplated hereby;

     (d)  By any party, if there is discovered any material error, misstatement
          or omission in the representations and warranties of another party;

     7.2 Any of the terms or conditions of this Agreement may be waived at any
time in writing by the party, which is entitled to the benefit thereof.

                                  ARTICLE VIII

                                  Miscellaneous
                                  -------------

     8.1 This Agreement embodies the entire agreement between the parties, and
there have been and are no agreements, representations or warranties among the
parties other than those set forth herein, referenced herein, or those provided
for herein.

     8.2  To facilitate the execution of this Agreement, any number of
counterparts hereof may be executed, and each such counterpart shall be deemed
to be an original instrument, but all such counterparts together shall
constitute but one instrument.

     8.3 All parties to this Agreement agree that if it becomes necessary or
desirable to execute further instruments or to make such other assurances as are
deemed necessary, the party requested to do so will use commercially reasonable
efforts to provide such executed instruments or do all things necessary or
proper to carry out the purpose of this Agreement.

     8.4 This Agreement may be amended only in writing duly executed by all
parties hereto.

     8.5 Any notices,  requests,  or other communications  required or permitted
hereunder shall be delivered  personally or sent by overnight  courier  service,
fees prepaid, addressed as follows:

 EPI:

 To:     Environmental Protection International
         16West 46th Street 7th Floor
         New York, New York 10039
         646-366-0884

 Copy to:

 PHNT:

 To:

 Phonnet.com Inc
 212-504-5204

 Copy to:

or such other addresses as shall be furnished in writing by any party, and any
such notice or communication shall be deemed to have been given as of the date
received.

     IN WITNESS WHEREOF, the parties have set their hands this 13th day of March
2002

 EPI:

/s/ Kenneth McCallion
Environmental Protection International

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

------------------------------------------------
Directors of EPI

PHNT:

/s/ Todd Violette
Phonnet.com Inc.

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