Document:

BOND PURCHASE OPTION AGREEMENT

     THIS BOND PURCHASE OPTION  AGREEMENT (the  "Agreement") is made and entered
into by and  between  Explorations  Group,  Inc.,  a Delaware  corporation  (the
"Issuer"),  and The Yankee Companies,  LLC., a Florida limited liability company
(hereinafter referred to variously as the "Holder" or "Yankees").

                                   PREAMBLE:

     WHEREAS,  the Issuer and  Yankees  entered  into a certain  revolving  loan
agreement  heretofore filed by the Issuer with the United States  Securities and
Exchange   Commission  (the   "Commission")   as  an  exhibit  to  the  Issuer's
registration  statement of Form 10-SB (hereinafter referred to as the "Revolving
Loan Agreement"), pursuant to which Yankees is entitled to purchase an aggregate
of $50,000 in the Issuer's Class A, Series A, Convertible Bonds, a form of which
has been heretofore filed by the Issuer with the Commission as an exhibit to the
Issuer's  registration  statement of Form 10-SB (hereinafter  referred to as the
"Bonds"),  such right  being  reflected  in  certificated  instruments  and,  at
Yankees' option,  subdivisions  thereof (the "Bond Purchase Options"),  upon and
subject to the terms and conditions of the Revolving Loan Agreement:

     NOW, THEREFORE, in consideration of the premises, the payment by the Holder
to or for the  benefit of the Issuer of FIVE  ($5.00)  DOLLARS,  the  agreements
herein set forth and other good and  valuable  consideration,  the  receipt  and
sufficiency  of which are  hereby  acknowledged,  the  parties  hereto  agree as
follows:

                                   WITNESSETH:

1.        Grant

         The Holder is hereby granted the right to purchase, at any time from
         April 9, 2002, until the later of April 9, 2004 or the date the
         Revolving Loan Agreement is terminated, $50,000 in principal of the
         Bonds.

2. Bond Purchase Option Certificates.

         The bond purchase option certificates (the"Bond Purchase Option
         Certificates") delivered and to be delivered pursuant to this Agreement
         shall be in the form set forth in Exhibit A attached hereto and made a
         part hereof, with such appropriate insertions, deletions,
         substitutions, and other variations as required or permitted by this
         Agreement.

3.       Exercise of Bond Purchase Option.

(a)      The Bond Purchase Options initially are exercisable at an aggregate
         exercise price of $50,000 payable by certified or official bank check
         in New York Clearing House funds.

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     This form of instrument is the exclusive  property of the Yankee Companies,
LLC., a Florida limited liability company,  and has been licensed for use by the
Parties  (as  defined  herein)  solely  for use in this  transaction.  No one is
permitted to use this form or any derivations  thereof without the prior written
permission of the Yankee Companies,  LLC., subject to such terms and conditions,
including the payment of royalties or other fees, as the Yankee Companies,  LLC.
may elect to impose on a transaction by transaction basis.

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(b) Upon  surrender  of a Bond  Purchase  Option  Certificate  with its exercise
provisions  duly  executed,  together  with  payment of the  Exercise  Price (as
hereinafter defined) for the Bonds purchased, at the Issuer's principal offices,
as reflected in the records of the  Commission  maintained on its EDGAR Internet
site, the registered holder of a Bond Purchase Option  Certificate  ("Holder" or
"Holders')  shall be entitled to receive a certificate or  certificates  for the
Bonds so purchased.

(c) The purchase rights represented by each Bond Purchase Option Certificate are
exercisable at the option of the Holder thereof, in whole or in part.

(d) In the case of the purchase of less than all the Bonds purchasable under any
Bond  Purchase  Option  Certificate,  the Issuer shall cancel said Bond Purchase
Option  Certificate  upon the surrender  thereof and shall execute and deliver a
new Bond Purchase Option Certificate of like tenor for the balance of the Bonds.

4.       Issuance of Certificates.

(a) Upon the exercise of the Bond Purchase Option, the issuance of Bond Purchase
Option  Certificate or other  securities,  properties or rights  underlying such
Bond  Purchase  Options  shall be made  forthwith and in any event such issuance
shall be made within five (5) business days  thereafter,  without  charge to the
Holder thereof,  including,  without limitations any tax which may be payable in
respect of the  issuance  thereof and such  certificates  shall  (subject to the
provisions  of  Section  5) be issued in the name of, or in such names as may be
directed by, the Holder thereof; provided, however, that the Issuer shall not be
required to pay any tax which may be payable in respect of any transfer involved
in the issuance and delivery of any such  certificates in a name other than that
of the Holder,  and the Issuer  shall not be  required to issue or deliver  such
certificates  unless or until the  person or  persons  requesting  the  issuance
thereof  shall  have paid to the  Issuer  the  amount of such tax or shall  have
established to the satisfaction of the Issuer that such tax has been paid.

(b) The Bond Purchase Option Certificates and the certificates  representing the
Bonds (and/or other securities, property or rights issuable upon exercise of the
Bond Purchase  Options)  shall be executed on behalf of the Issuer by the manual
or  facsimile  signature of the then  present  Chairman or Vice  Chairman of the
Board of  Directors  or  President  or Vice  President  of the Issuer  under its
corporate  seal  reproduced  thereon,  attested  to by the  manual or  facsimile
signature of the then present Secretary or Assistant Secretary of the Issuer.

(c) Bond Purchase  Option  Certificates  shall be dated the date of execution by
the Issuer upon initial issuance, division, exchange, substitution or transfer.

5. Restriction On Transfer of Bond Purchase Options.

(a) The Holder of a Bond Purchase Option Certificate, by its acceptance thereof,
covenants  and agrees that the Bond  Purchase  Options are being  acquired as an
investment and not with a view to the distribution thereof.

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(b)      Notwithstanding the foregoing, the Bond Purchase Options are fully
         transferable if the transfer is effected in compliance with applicable
         securities and corporate laws and in accordance with the Uniform
         Commercial Code, as adopted in the State of Delaware.

6.        Registration Rights.

       ss.6.1     Registration Under the Securities Act of 1933.

(a)      The Bond Purchase Options and the Bonds issuable upon exercise of the
         Bond Purchase Options and any of the other securities issuable upon
         exercise of the Bond Purchase Options have not been registered under
         the Securities Act of 1933, as amended (the "Securities Act") for
         public resale.

(b)      Upon exercise, in part or in whole, of the Bond Purchase
         Options,  certificates  representing  the Bond and any other
         securities  issuable  upon  exercise  of the  Bond  Purchase
         Options (collectively, the"Bond Purchase Option Securities")
         shall bear the following legend: "The securities represented
         by this  certificate  have not  been  registered  under  the
         Securities  Act of  1933,  as  amended  ("Act')  for  public
         resale,  and may not be offered or sold  except  pursuant to
         (i) an effective registration statement under the Securities
         Act,  (ii) to the  extent  applicable,  Rule 144  under  the
         Securities  Act (or any similar rule under such Act relating
         to the  disposition of  securities),  or (iii) an opinion of
         counsel, if such opinion shall be reasonably satisfactory to
         counsel to the issuer,  that an exemption from  registration
         under  such  Act  is  available,   including  the  exemption
         referred to as the 4(1)1/2 exemption."

         ss.6.2     Piggyback Registration.

(a)      If, at any time during the five year period commencing after the
         original date hereof, the Issuer proposes to register any of its
         securities under the Securities Act (other than in connection with a
         merger or pursuant to Form S-8, S-4 or comparable registration
         statement) it will give written notice by registered mail, at least
         thirty days prior to the filing of each registration statement, to
         Yankees and to all other Holders of the Bond Purchase Options, the
         Bonds and/or the Bond Purchase Option Securities of its intention to do
         so.

(b)      If Yankees or other Holders of the Bond Purchase Options, Bonds and/or
         Bond Purchase Option Securities notify the Issuer within twenty (20)
         days after receipt of any such notice of its or their desire to include
         any such securities in such proposed registration statement, the Issuer
         shall afford Yankees and such Holders of the Bond Purchase Options,
         Bonds and/or Bond Purchase Option Securities the opportunity to have
         any such Bond Purchase Options, Bonds and/or Bond Purchase Option
         Securities registered under such registration statement.

         ss.6.3     Demand Registration.

(a)      At any time during the term of this Bond Purchase Option Agreement, the
         Holders of the Bond Purchase Options, Bonds and/or Bond Purchase Option
         Securities representing a "Majority" (as hereinafter defined) of such
         securities (assuming the exercise of all of the Bond Purchase Options)

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shall have the right  (which  right is in  addition to the  registration  rights
under Section 6.2 hereof),  exercisable by written notice to the Issuer, to have
the Issuer prepare and file with the Commission, on one occasion, a registration
statement and such other documents,  including a prospectus, as may be necessary
in the  opinion of both  counsel  for the Issuer and  counsel  for  Yankees  and
Holders,  in order to comply with the provisions of the Securities Act, so as to
permit a public  offering  and sale of their  respective  Bond  Purchase  Option
Securities for nine consecutive  months by such Holders and any other Holders of
the Bond Purchase  Options,  Bonds and/or Bond Purchase  Option  Securities  who
notify the Issuer within ten days after receiving notice from the Issuer of such
request.

(b)      The Issuer covenants and agrees to give written notice of any
         registration request under this Section 6.3 by any Holder or Holders to
         all other registered Holders of the Bond Purchase Options, Bonds and
         the Bond Purchase Option Securities within ten days from the date of
         the receipt of any such registration request.

       ss.6.4     Covenants of the Issuer, With Respect to Registration.

         In connection with any registration under Section 6.2 or 6.3 hereof,
         the Issuer covenants and agrees as follows:

(a)      The Issuer shall use its best efforts to file a registration statement
         within sixty (60) days of receipt of any demand therefor, shall use its
         best efforts to have any registration statements declared effective at
         the earliest possible time, and shall furnish the Holder desiring to
         sell Bond Purchase Option Securities such number of prospectuses as
         shall reasonably be requested.

(b)      The Issuer shall pay all costs (excluding any underwriting or selling
         commissions or over charges of any broker-dealer acting on behalf of
         Holders), fees and expenses in connection with all registration
         statements filed pursuant to Sections 6.2 and 6.3(a) hereof including,
         without limitation, the Issuer's legal and accounting fees, printing
         expenses, blue sky fees and expenses.

(c)      If the Issuer shall fail to comply with the provisions of Section
         6.4(a), the Issuer shall, in addition to any other equitable or other
         relief available to the Holder(s), be liable for any or all damages due
         to loss of profit sustained by the Holder(s) requesting registration of
         its Bond Purchase Option Securities.

(d)      The Issuer will take all necessary action which may be required in
         qualifying or registering the Bond Purchase Option Securities included
         in a registration statement for offering and sale under the securities
         or blue sky laws of the state requested by the Holder.

(e)      The Issuer shall indemnify the Holder(s) of the Bond Purchase Option
         Securities to be sold pursuant to any registration statement and each
         person, if any, who controls such Holder within the meaning of Section
         15 of the Securities Act or Section 20(a) of the Securities Exchange
         Act of 1934, as amended ("Exchange Act"), against all loss, claim,
         damage, expense or liability (including all expenses reasonably
         incurred in investigating, preparing or defending against any claim
         whatsoever) to which any of them may become subject under the
         Securities Act, The Exchange Act or otherwise,

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         arising from such registration statement.

(f) Nothing  contained in this  Agreement  shall be  construed as requiring  the
Holder(s) to exercise their Bond Purchase Options prior to the initial filing of
any registration statement or the effectiveness thereof.

(g) Reserved.

(h) The Issuer shall furnish to each Holder  participating in the offering,  and
to each underwriter,  if any, a signed counterpart,  addressed to such Holder or
underwriter,  of (i) an opinion of counsel to the  Issuer,  dated the  effective
date of such  registration  statement  (and,  if such  registration  includes an
underwritten public offering, an opinion dated the date of the closing under the
underwriting  agreement),  and (ii) a "cold comfort"  letter dated the effective
date of such  registration  statement  (and,  if such  registration  includes an
underwritten  public offering,  a letter dated the date of the closing under the
underwriting  agreement) signed by the independent  public  accountants who have
issued  a  report  on  the  Issuer's  financial   statements  included  in  such
registration  statement,  in each case covering  substantially  the same matters
with  respect  to such  registration  statement  (and  the  prospectus  included
therein) and, in the case of such  accountants'  letter,  with respect to events
subsequent to the date of such financial statements,  are as customarily covered
in  opinions  of  issuer's  counsel and in  accountants'  letters  delivered  to
underwriters in underwritten public offering of securities.

(i) The Issuer  shall as soon as  practicable  after the  effective  date of the
registration  statement,  and in any event  within 15  months  thereafter,  make
"generally  available to its security  holders"  (within the meaning of Rule 158
under the  Securities  Act) an  earnings  statement  (which need not be audited)
complying  with Section 11(a) of the  Securities Act and covering a period of at
least  12  consecutive   months  beginning  after  the  effective  date  of  the
registration agreement.

 (j)     (1)   The Issuer shall deliver promptly to each Holder participating in
               the  offering   requesting  the   correspondence   and  memoranda
               described  below and to the managing  underwriter,  copies of all
               correspondence between the Commission and the Issuer, its counsel
               or auditors and all memoranda  relating to  discussions  with the
               Commission  or  its  staff  with  respect  to  the   registration
               statement  and  permit  the  Holder  and  underwriter  to do such
               investigation,  upon reasonable  advance notice,  with respect to
               information   contained  in  or  omitted  from  the  registration
               statement  as  it  deems  reasonably  necessary  to  comply  with
               applicable  securities laws or rules of the National  Association
               of Securities Dealers, Inc. ("NASD").

         (2)   Such  investigation  shall include  access to books,  records and
               properties,  and  opportunities  to discuss  the  business of the
               Issuer with its officers and  independent  auditors,  all to such
               reasonable  extent and at such  reasonable  times and as often as
               any such Holder shall reasonably request as it deems necessary to
               comply with applicable securities laws or NASD rules.

(k) In addition to the Bond Purchase Options, Bonds and Bond Purchase Option
Securities, upon the

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               written  request of any Holder(s) the Issuer shall include in the
               registration statement any other securities of the Issuer held by
               such  Holder(s)  as of the date of  filing  of such  registration
               statement,  including without limitation,  restricted securities,
               options,  warrants  or  any  other  securities  convertible  into
               securities with an existing public trading market.

(l)  For purposes of this  Agreement,  the term  "Majority"  in reference to the
     Holders of Bond Purchase  Options or Bond Purchase Option  Securities shall
     mean in excess  of fifty  percent  of the then  outstanding  Bond  Purchase
     Options or Bond Purchase Option Securities that:

     (1)  Are not held by the Issuer, an affiliate (for purposes hereof the term
          affiliate  not  including  Yankees,  its  officers,  members  or their
          families),  officer,  creditor,  employee  or agent  thereof or any of
          their respective  affiliates,  members of their family, persons acting
          as nominees or in conjunction therewith; or

     (2)  Have  not  been  resold  to  the  public  pursuant  to a  registration
          statement filed with the Commission under the Securities Act.

7.       Exchange and Replacement of Bond Purchase Option Certificates

(a)       Each Bond Purchase Option Certificate is exchangeable without expense,
          upon the surrender  thereof by the registered  Holder at the principal
          executive  office  of the  Issuer,  for one or more new Bond  Purchase
          Option  Certificates  of  like  tenor  and  date  representing  in the
          aggregate  the right to purchase the same number of Securities in such
          denominations as shall be designated by the Holder thereof at the time
          of such surrender.

(b)       Upon receipt by the Issuer of evidence  reasonably  satisfactory to it
          of loss, theft,  destruction or mutilation of any Bond Purchase Option
          Certificate,  and, in case of loss, theft or destruction, of indemnity
          or security  reasonably  satisfactory to it, and  reimbursement to the
          Issuer  of  all  reasonable  expenses  incidental  thereto,  and  upon
          surrender and cancellation of the Bond Purchase Option  Certificate if
          mutilated, the Issuer will make and deliver a new Bond Purchase Option
          Certificate of like tenor, in lieu thereof.

8.       Reservation and Listing of Securities.

(a)       The Issuer shall at all times  reserve and keep  available  out of its
          authorized  securities,  solely for the purpose of  issuance  upon the
          exercise of the Bond Purchase Options or conversion rights appurtenant
          to the Bonds,  such securities or rights as shall be issuable upon the
          exercise thereof.

(b)       The  Issuer  covenants  and agrees  that,  upon  exercise  of the Bond
          Purchase  Options,  Bonds and payment of the Exercise Price  therefor,
          all Bonds and other  securities  issuable upon such exercise  shall be
          duly and validly issued, fully paid, non-assessable and not subject to
          the preemptive rights of any stockholder.

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9. Notice to Bond Purchase Option Holders.

     Nothing  contained in this Agreement  shall be construed as conferring upon
the  Holders  the  right  to  vote  or to  consent  or to  receive  notice  as a
stockholder  in respect of any  meetings  of  stockholders  for the  election of
directors  or  any  other  manner,  or as  having  any  rights  whatsoever  as a
stockholder of the Issuer;  provided however,  that, if at any time prior to the
expiration  of the Bond Purchase  Options:  (1) the Issuer takes a record of the
holders of its voting  securities for the purpose of entitling them to receive a
dividend or distribution  payable  otherwise than in cash, or a cash dividend or
distribution  payable  otherwise  than out of current or retained  earnings,  as
indicated by the accounting  treatment of such dividend or  distribution  on the
books  of the  Issuer;  or (2)  the  Issuer  offers  to all the  holders  of its
securities  any  additional  shares of capital stock of the Issuer or securities
convertible  into or exchange for shares of capital stock of the Issuer,  or any
option,  right  or  warrant  to  subscribe  therefor:   or  (3)  a  dissolution,
liquidation  or  winding  up of the  Issuer  other  than  in  connection  with a
consolidation or merger) or a sale of all or substantially  all of its property,
assets and business as an entirety shall be proposed; then the Issuer shall give
notice of such event at least  fifteen  days prior to the date fixed as a record
date or the date of closing  the  transfer  books for the  determination  of the
stockholders   entitled  to  such   dividend,   distribution,   convertible   or
exchangeable  securities  or  subscription  rights,  or entitled to vote on such
proposed  dissolution,  liquidation,  winding up or sale, specifying such record
date or the date of closing the transfer books, as the case may be.

10. Notices.

     All notices, requests, consents and other communications hereunder shall be
in writing and shall be deemed to have been duly made when delivered,  or mailed
registered or certified mail, return receipt requested:

(a)  If to the Holders, The Yankee Companies, LLC., to Crystal Corporate Center;
     2500 North Military  Trail,  Suite 225; Boca Raton,  Florida 33431,  with a
     copy to 5185 Southeast 20th Street,  Ocala, Florida 34471, and as otherwise
     listed on the books of the Issuer, or

(b)  If to the Issuer, to the address reflected in the records of the Commission
     maintained  on its EDGAR  Internet  site or to such  other  address  as the
     Issuer may designate by notice to the Holders.

11.      Supplements and Amendments.

(a)  Except as otherwise  expressly  provided  herein,  the  provisions  of this
     Agreement  may be  amended  or  waived  at any  time  only  by the  written
     agreement of the parties hereto.

(b)  Any waiver,  permit,  consent or approval of any kind or  character  on the
     part of the Issuer or the Holder of any  provisions  or  conditions of this
     Agreement must be made in writing and shall be effective only in the extent
     specifically set forth in such writing.

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12.      Successors.

     All the covenants and  provisions of this  Agreement  shall be binding upon
and  inure to the  benefit  of the  Issuer,  the  Holder  and  their  respective
successors and assigns hereunder.

13.      Governing Law; Submission to Jurisdiction.

(a)  This Agreement and each Bond Purchase Option  Certificate  issued hereunder
     shall be  deemed  to be a  contract  made  under  the laws of the  State of
     Delaware and for all purposes  shall be  construed in  accordance  with the
     laws of said  State  without  giving  effect  to the  rules  of said  State
     governing the conflicts of laws.

(b)  The Issuer and the Holder hereby agree that any action, proceeding or claim
     against it arising out of, or relating in any way to, this Agreement  shall
     be brought and enforced in the courts of the State of Florida or the United
     States District Court for the Central District of Florida,  and irrevocably
     submit to such jurisdiction, which jurisdiction shall be exclusive.

(c)  The Issuer and the Holder  hereby  irrevocably  waive any objection to such
     exclusive jurisdiction or inconvenient forum.

(d)  Any such  process  or  summons  to be served  upon any of the Issuer or the
     Holder (at the option of the party  bringing  such  action,  proceeding  or
     claim) may be served by  transmitting  a copy  thereof,  by  registered  or
     certified mail, return receipt requested,  postage prepaid, address to such
     Party at the address as set forth in Section 10 hereof.

(e)  Such mailing shall deemed  personal  service and shall be legal and binding
     upon the party so served in any action, proceeding or claim.

(f)  The Issuer and the Holder agree that the prevailing  party(ies) in any such
     action or proceeding shall be entitled to recover from the other party(ies)
     all of  its/their  reasonable  legal  costs and  expenses  relating to such
     action or proceeding  and/or  incurred in connection  with the  preparation
     therefor, including attorneys' fees.

14.      Entire Agreement; Modification.

     This  Agreement,  the Bonds and the Revolving Loan Agreement (to the extent
portions  thereof  are  referred  to herein)  contain  the entire  understanding
between the parties hereto with respect to the subject matter hereof and may not
be modified or amended except by a writing duly signed by the party against whom
enforcement of the modification or amendment is sought.

15.      Severability.

     If any  provision  of  this  Agreement  shall  be  held  to be  invalid  or
unenforceable,  such invalidity or  unenforceability  shall not affect any other
provision of this Agreement.

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16. Captions.

     The caption  headings of the Sections of this Agreement are for convenience
of reference only and are not intended,  nor should they be construed as, a part
of this Agreement and shall be given no substantive effect.

17. Benefits of this Agreement.

     Nothing  in this  Agreement  shall be  construed  to give to any  person or
corporation  other than the Issuer,  the Holder and their successors and assigns
any legal or equitable  right,  remedy or claim under this  Agreement;  and this
Agreement shall be for the sole and exclusive 'benefit of the Issuer, the Holder
and their successors and assigns.

18.      Counterparts.

     This  Agreement may be executed in any number of  counterparts  and each of
such counterparts shall for all purposes be deemed to be an original,  and, such
counterparts shall together constitute but one and the same instrument.

     In Witness Whereof, the Parties have executed this Agreement,  effective as
of the last date set forth below.

Signed, Sealed & Delivered
         In Our Presence
                                                      Explorations Group, Inc.
----------------------------

____________________________                By:      /s/ Michelle Tucker
                                                     Michelle Tucker, President
Dated: April 9, 2002

                                                   The Yankee Companies, LLC.
----------------------------

____________________________                By:      /s/ Leonard M. Tucker
                                                       Leonard Miles Tucker
                                                Member & Chief Executive Officer
Dated: April 9, 2002

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                        BOND PURCHASE OPTION CERTIFICATE

     The bond purchase  options  represented by this  certificate  and the other
securities  issuable  upon  exercise  thereof  may not be offered or sold except
pursuant to an effective  registration  statement  under the  Securities  Act of
1933, as amended (the  "Securities  Act") ; to the extent  applicable,  Rule 144
promulgated  under the  Securities Act (or any similar rule under the Securities
Act relating to the  disposition of securities);  or, an opinion of counsel,  if
such opinion shall be reasonably satisfactory to counsel for the Issuer, that an
exemption from registration under the Securities Act is available.

     The transfer or exchange of the bond purchase  options  represented by this
certificate is restricted in accordance with the bond purchase option  agreement
referred to herein.

                      Exercisable on or Before the Later of
        5:30 p.m., New York Time, April 9, 2004 or the Termination of the
                        Revolving Loan Agreement between
       The Yankee Companies, LLC., a Florida limited liability company and
                Explorations Group, Inc., a Delaware corporation

                             Certificate Number 0001

     This Bond Purchase Option Certificate  certifies that The Yankee Companies,
LLC.,  a Florida  limited  liability  company,  or  registered  assigns,  is the
registered  holder (the "Holder" or "Yankees") of an option to purchase,  at any
time from  April 9,  2002,  until  5:30 p.m.  New York time on the later of 5:30
p.m.,  New York Time,  April 9, 2004 or the  termination  of the Revolving  Loan
Agreement  between  the Yankee  Companies,  LLC.,  a Florida  limited  liability
company,  and Explorations Group, Inc., a Delaware  corporation (The "Expiration
Date") an  aggregate  number of $50,000 in  principal  of the Class A, Series A,
Convertible  Bonds, a form of which has been  heretofore  filed by  Explorations
Group,  Inc.,  a Delaware  corporation  (the  "Issuer")  with the United  States
Securities  and Exchange  Commission as an exhibit to the Issuer's  registration
statement on Form 10-SB (hereinafter referred to as the "Bonds").

                                     Terms:

1.       Exercise of this Bond Purchase Option shall be effected by surrender of
         this Bond Purchase Option Certificate and payment of the Exercise Price
         at an office or agency of the Issuer subject to the conditions set
         forth herein and in the Bond Purchase Option Agreement originally dated
         as of April 9, 2002, between the Issuer and The Yankee Companies, LLC.
         (the "Bond Purchase Option Agreement").

2.       Payment of the Exercise Price shall be made by certified or official
         bank check in New York Clearing House funds payable to the order of the
         Issuer.

3.       No Bond Purchase Option may be exercised after 5:30 p.m. New York time,
         on the Expiration Date, at which time all Bond Purchase Options
         evidenced hereby unless exercised prior thereto, shall thereafter be
         void.

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

                 Please Initial: The Issuer: ____ Yankees: ____

         Explorations Group, Inc. Bond Purchase Option Agreement Page 10

<PAGE>

4.       The rights evidenced by this Bond Purchase Option Certificate are part
         of a duly authorized issue of Bond Purchase Options pursuant to the
         Bond Purchase Option Agreement which is hereby incorporated by
         reference in and made a part of this instrument and is hereby referred
         to for a description of the rights, obligations, duties and immunities
         thereunder of the Issuer and the Holders (the words "Holders" or
         "Holder" meaning the registered holders or registered holder) of the
         Bond Purchase Options.

                                      * **

     In Witness  Whereof,  this  instrument  has been  executed  by the  Issuer,
effective as of the date set forth below.

Signed, Sealed & Delivered
         In Our Presence
                                                       Explorations Group, Inc.
----------------------------

____________________________                By:      ___________________________
                                                     Michelle Tucker, President
         [CORPORATE SEAL]
                                           Attest:  __________________________
                                                   Vanessa H. Lindsay, Secretary
Dated: April 9, 2002

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         Explorations Group, Inc. Bond Purchase Option Agreement Page 11

<PAGE>

                            EXPLORATIONS GROUP, INC.
                       BOND PURCHASE OPTION EXERCISE FORM

Dated:   ________________

         The Undersigned hereby irrevocably elects to exercise the subject Bond
Purchase Option to the extent of purchasing $_______ in principal amount thereof
and hereby makes payment of $______, for an equivalent amount in principal of
the Bonds.

                     Instructions for Registration of Bonds

                      Please type or print in block letters

                              ---------------------
                                     (Name)

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

     -----------------------------------------------------------------------
                                    (Address)

                       Signature: _______________________

NOTICE:           The signatures to this exercise of Bond Purchase Option must
                  correspond with the name as written upon the face of the Bond
                  Purchase Option in every particular, without alteration or
                  enlargement or any change whatever.

Signature Guaranteed:

IMPORTANT:                 SIGNATURE MUST BE GUARANTEED BY A FIRM WHICH IS A
                           MEMBER OF A REGISTERED NATIONAL EXCHANGE OR BY A
                           COMMERCIAL BANK OR A TRUST COMPANY!

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         Explorations Group, Inc. Bond Purchase Option Agreement Page 12

<PAGE>

                            EXPLORATIONS GROUP, INC.
                      BOND PURCHASE OPTION ASSIGNMENT FORM

     FOR VALUE RECEIVED, The Yankee Companies, LLC., a Florida limited liability
company, hereby sells, assigns and transfers unto:

                     (Please type or print in block letters)

                         -------------------------------
                                     (Name)

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

         ---------------------------------------------------------------
                                    (Address)

the right to purchase Bonds represented by this Bond Purchase Option Certificate
to the extent of $_____ in principal, and does hereby irrevocably constitute and
appoint ____________________________________ attorney, to transfer the same on
the books of the Issuer with full power of substitution in the premises.

Dated: _____________________

               Signature: ________________________________________
                              Leonard Miles Tucker
                        Member & Chief Executive Officer
                           The Yankee Companies, LLC.
                       a Florida limited liability company

NOTICE:                                     The signatures to this assignment of
                                            Bond Purchase Option must correspond
                                            with the name as written upon the
                                            face of the Bond Purchase Option in
                                            every particular, without alteration
                                            or en largement or any change
                                            whatever.
Signature Guaranteed:

IMPORTANT:                 SIGNATURE MUST BE GUARANTEED BY A FIRM WHICH IS A
                           MEMBER OF A REGISTERED NATIONAL EXCHANGE OR BY A
                           COMMERCIAL BANK OR A TRUST COMPANY!

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

                 Please Initial: The Issuer: ____ Yankees: ____

         Explorations Group, Inc. Bond Purchase Option Agreement Page 13

<PAGE>Engagement Agreement

     This Engagement  Agreement (the "Agreement") is entered into,  effective as
of July 1, 2002, by and between Adam  Wasserman,  an individual  residing in the
State of Florida ("Mr.  Wasserman"),  and Explorations  Group,  Inc., a Delaware
publicly held  corporation  currently  registering  a class of securities  under
Section 12(g) of the Securities Exchange Act of 1934, as amended ("Explorations"
and the "Exchange Act," respectively,  Explorations and all of its subsidiaries,
whether current or subsequently formed or acquired, sometimes being collectively
hereinafter referred to as the "Consolidated  Corporation," and Explorations and
Mr.  Wasserman being sometimes  hereinafter  collectively to as the "Parties" or
generically as a "Party".

                                    Preamble:

     WHEREAS,  Explorations  has directed The Yankee  Companies,  LLC, a Florida
limited  liability company  ("Yankees"),  to recommend an individual to serve as
its chief financial officer and controller; and

     WHEREAS,  Yankees has recommended Mr. Wasserman to  Explorations'  board of
directors based on his knowledge and experience in financial matters,  including
the  accounting  services  he has been  providing  to  Explorations  through his
company, CFO On Call; and

     WHEREAS,  Explorations'  board  of  directors  has  determined  that  he is
experienced  and  well  known  in the  financial  community  and  is  thoroughly
knowledgeable with the obligations and restrictions  imposed on public companies
by the Exchange Act and the Securities Act of 1933, as amended (the  "Securities
Act") and has requested that he serve as Explorations'  chief financial  officer
and controller; and

     WHEREAS,  Mr.  Wasserman is  agreeable  to serving in this  capacity on the
terms and conditions hereinafter set forth:

     NOW,  THEREFORE,  in consideration  of the mutual  promises,  covenants and
agreements hereby  exchanged,  as well as of the sum of Ten ($10.00) Dollars and
other good and  valuable  consideration,  the receipt  and  adequacy of which is
hereby acknowledged, the Parties, intending to be legally bound, hereby agree as
follows: Witnesseth:

                                   Article One
                       Term, Renewals, Earlier Termination

1.1      Term.

     Subject to the  provisions  set forth herein,  the term of Mr.  Wasserman's
engagement hereunder shall be deemed to commence as of July 1, 2002 and continue
until June 30, 2003,  unless  extended or earlier  terminated by Explorations as
hereinafter set forth
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                       Please Initial: Explorations: ____ Mr. Wasserman: ____

<PAGE>

1.2      Renewals.

     This  Agreement  shall be renewed  automatically,  after  expiration of the
original  term, on a continuing  annual  basis,  unless the Party wishing not to
renew  this  Agreement  provides  the other  Party  with  written  notice of its
election not to renew ("Termination  Election Notice") on or before the 60th day
prior to termination of the then-current term.

1.3      Earlier Termination.

     Explorations  shall have the right to terminate this Agreement prior to the
expiration of its Term or of any renewals thereof,  subject to the provisions of
Section 1.4, for the following reasons:

(a)      For Cause:

         (1)   Explorations may terminate Mr.  Wasserman's  engagement under
               this Agreement at any time for cause.

         (2)   Such termination shall be evidenced by written notice thereof
               to Mr.  Wasserman,  which  notice  shall  specify  the  cause for
               termination.

         (3)   For purposes hereof, the term "cause" shall mean:

               (A) The  inability of Mr.  Wasserman,  through  sickness or other
               incapacity,  to discharge his duties under this  Agreement for 30
               or more  consecutive  days or for a total of 60 or more days in a
               period of twelve consecutive months;

               (B) The  refusal of Mr.  Wasserman  to follow the  directions  of
               Explorations'  board of directors,  unless Mr. Wasserman believes
               in good faith that such directions are contrary to law;

               (C)  Dishonesty;  theft; or conviction of a crime involving moral
               turpitude;

               (D)  Material  default  in the  performance  of his  obligations,
               services or duties  required  under this  Agreement or materially
               breach of any  provision  of this  Agreement,  which  default  or
               breach has continued  for five days after written  notice of such
               default or breach.

(b)      Discontinuance of Business or Change in Control:

               In  the  event  that  Explorations   discontinues  operating  its
               business or experiences a change in control, this Agreement shall
               terminate  as of the  last day of the  month  on which it  ceases
               operation or such control  changes with the same force and effect
               as if such  last  day of the  month  were  originally  set as the
               termination date hereof; provided, however, that a reorganization
               of  Explorations  shall  not  be  deemed  a  termination  of  its
               business.

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              Explorations Group, Inc. Engagement Agreement Page 2
                                      Page

<PAGE>

(c)      Death:

     This  Agreement  shall  terminate  immediately  on Mr.  Wasserman's  death;
however,  all accrued  compensation  at such time shall be promptly  paid to Mr.
Wasserman's estate.

1.4      Final Settlement.

     Upon  termination  of this  Agreement  and payment to Mr.  Wasserman of all
amounts due him hereunder, Mr. Wasserman or his representative shall execute and
deliver to the terminating entity on a form prepared by the terminating  entity,
a receipt for such sums and a release of all  claims,  except such claims as may
have been  submitted  pursuant to the terms of this  Agreement  and which remain
unpaid,  and, shall forthwith  tender to Explorations  all records,  manuals and
written  procedures,  as may be desired by it for the  continued  conduct of its
business.

                                   Article Two
                               Scope of Engagement

2.1      Retention.

     Explorations  hereby hires Mr.  Wasserman and Mr.  Wasserman hereby accepts
such engagement, in accordance with the terms, provisions and conditions of this
Agreement.

2.2      General Description of Duties.

(a)      Mr. Wasserman shall be engaged as the chief financial officer and
         controller of Explorations and shall perform the duties associated
         therewith by Explorations' bylaws.

(b)      Without limiting the generality of the foregoing, Mr. Wasserman shall:

         (1)      Be responsible for coordinating all financial aspects of
                  Explorations' operations, including strategic financial
                  planning, supervision of Explorations' treasurer (if one has
                  been appointed), and supervision of outside auditors;

         (2)      Keep Explorations' Audit Committee of the board of directors
                  fully and timely informed of all matters under its
                  jurisdiction

         (3)      Serve as Explorations' principal compliance officer and be
                  responsible for overseeing preparation and filing of all
                  reports of Explorations' activities required to be filed,
                  either periodically or on a special basis with the United
                  States Internal Revenue Service, the Securities and Exchange
                  Commission (the "Commission"), and with other federal, state
                  or local governmental agencies; and

         (4)      Perform such other duties as are assigned to him by
                  Explorations' board of directors, subject to compliance with
                  all applicable laws and fiduciary obligations.

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              Explorations Group, Inc. Engagement Agreement Page 3
                                      Page

<PAGE>

(c)      Mr. Wasserman covenants and agrees to perform his duties in good faith
         and, subject to the exceptions specified in Section 2.4, to devote the
         required amount of his business time, energies and abilities to the
         proper and efficient management and execution of such duties.

2.3      Status.

(a)      Mr. Wasserman shall serve as an independent contractor of Explorations
         and shall have no authority to act as an agent thereof, or to bind
         Explorations or its subsidiaries as a principal or agent thereof, all
         such functions being reserved to its board of directors in compliance
         with the requirements of its constituent documents, unless the board of
         directors shall otherwise authorize.

(b)      Mr. Wasserman hereby covenants and agrees that he shall not hold
         himself out as an authorized agent of Explorations unless such
         authority is specifically assigned to him, on a case by case basis, by
         its board of directors pursuant to a duly adopted resolution which
         remains in effect.

(c)      Mr. Wasserman hereby represents and warrants to Explorations that he is
         subject to no legal, self regulatory organization (e.g., National
         Association of Securities Dealers, Inc.'s bylaws) or regulatory
         impediments to the provision of the services called for by this
         Agreement, or to receipt of the compensation called for under this
         Agreement or any supplements thereto; and, Mr. Wasserman hereby
         irrevocably covenants and agrees to immediately bring to the attention
         of Explorations any facts required to make the foregoing representation
         and warranty continuously accurate throughout the term of this
         Agreement, or any supplements or extensions thereof.

2.4      Non-Exclusivity.

     Mr.  Wasserman  shall,   unless   specifically   otherwise   authorized  by
Explorations'  board of  directors,  devote his business  time in a way that the
affairs of Explorations  are satisfied;  provided,  however,  that  Explorations
hereby  recognizes that Mr.  Wasserman is involved with other business  ventures
and hereby  consents to his  continuation  in such roles,  provided that he will
resolve any actual  conflicts of interest  resulting from such roles in favor of
Explorations whenever possible and practical.

2.5      Limitations on Services

(a)      The Parties recognize that certain responsibilities and obligations are
         imposed by federal and state securities laws and by the applicable
         rules and regulations of stock exchanges, the National Association of
         Securities Dealers, Inc., in-house "due diligence" or "compliance"
         departments of Licensed Securities Firms, etc.; accordingly, Mr.
         Wasserman agrees that he will not:

         (1)      Release any financial or other material information or data
                  about Explorations without the prior written consent and
                  approval of Explorations' General Counsel;

         (2)      Conduct any meetings with financial analysts without informing
                  Explorations' General Counsel and board of directors in
                  advance of the proposed meeting and the format or agenda of
                  such meeting.

(b)      In any circumstances where Mr. Wasserman is describing the securities
         of Explorations to a third party, Mr. Wasserman shall disclose to such
         person any compensation received from Explorations

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              Explorations Group, Inc. Engagement Agreement Page 4
                                      Page

<PAGE>

         to the extent required under any applicable laws, including, without
         limitation, Section 17(b) of the Securities Act of 1933, as amended.

(c)      In rendering his services, Mr. Wasserman shall not disclose to any
         third party any confidential non-public information furnished by
         Explorations or American Internet or otherwise obtained by it with
         respect to Explorations, except on a need to know basis, and in such
         case, subject to appropriate assurances that such information shall not
         be used, directly or indirectly, in any manner that would violate state
         or federal prohibitions on insider trading of Explorations' securities.

(d)      Mr. Wasserman shall not take any action which would in any way
         adversely affect the reputation, standing or prospects of Explorations
         or which would cause Explorations to be in violation of applicable
         laws.

                                  Article Three
                                  Compensation

3.1      Compensation.

     As  consideration  for  Mr.  Wasserman's  services  to  Explorations,   Mr.
Wasserman shall be entitled to:

(a)               (1) Compensation at the rate of $85.00 per hour of time
                  actually devoted to his duties as Explorations' chief
                  financial officer and controller as specified in Article 2.2,
                  as well as reimbursement for all reasonable expenses incurred
                  by him in the course of his duties, plus $1,000 each month in
                  Explorations' common stock provided further that until such
                  time as Explorations' stock is publicly trading, he shall
                  receive 2,000 shares of Explorations' common stock per month,
                  par value $0.01., provided that:

                  (A) He has not been discharged by Explorations for cause;

                  (B)      He fully complies with the provisions of this
                           Agreement, including, without limitation, the
                           confidentiality and non-competition sections hereof.

         (2)               (A) The compensation specified above in subsection
                           (a) (1) shall be paid at the end of each month. All
                           compensation for services shall be deemed fully
                           earned as of the end of each month. Explorations
                           agrees that any stock certificates which are
                           delivered to Mr. Wasserman pursuant to this agreement
                           will never be canceled by Explorations or at its
                           direction for any reason except by court order.

                  (B)      The number of shares of stock issued pursuant to this
                           paragraph will be calculated based on the shares'
                           average closing transaction price, as reported on
                           such exchanges as the securities may be traded on or,
                           if not traded on any exchange, as reported on an
                           over-the-counter trading medium (such as the OTC
                           Bulletin Board), for the month then ending.

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              Explorations Group, Inc. Engagement Agreement Page 5
                                      Page

<PAGE>

                  (C)      Stock certificates will be issued to Adam Wasserman
                           or to his designee, if he so requests in writing.
                           Explorations will use reasonable efforts to assure
                           that its transfer agent delivers stock certificates
                           to Mr. Wasserman within ten (10) days of the end of
                           each month in which Mr. Wasserman performed the
                           requested services.

         (3) Mr. Wasserman hereby represents, warrants, covenants and
acknowledges that:

                  (A)      The securities being issued as compensation under
                           this Agreement (the "Securities") will be issued
                           without registration under the provisions of Section
                           5 of the Securities Act or the securities regulatory
                           laws and regulations of the State of Florida (the
                           "Florida Act") pursuant to exemptions provided
                           pursuant to Section 4(6) of the Act and comparable
                           provisions of the Florida Act;

                  (B)      Mr. Wasserman shall be responsible for preparing and
                           filing any reports concerning this transaction with
                           the Commission and with Florida Division of
                           Securities, and payment of any required filing fees
                           (none being expected);

                  (C)      All of the Securities will bear legends restricting
                           their transfer, sale, conveyance or hypothecation
                           unless such Securities are either registered under
                           the provisions of Section 5 of the Act and under the
                           Florida Act, or an opinion of legal counsel, in form
                           and substance satisfactory to legal counsel to
                           Explorations is provided to Explorations' General
                           Counsel to the effect that such registration is not
                           required as a result of applicable exemptions
                           therefrom;

                  (D)      Explorations' transfer agent shall be instructed not
                           to transfer any of the Securities unless the General
                           Counsel for Explorations advises it that such
                           transfer is in compliance with all applicable laws;

                  (E)      Mr. Wasserman is acquiring the Securities for his own
                           account, for investment purposes only, and not with a
                           view to further sale or distribution; and

                  (F)      Mr. Wasserman or his advisors have examined
                           Explorations' books and records and questioned its
                           officers and directors as to such matters involving
                           Explorations as he deemed appropriate.

         (4)      In the event that Explorations files a registration or
                  notification statement with the Commission or any state
                  securities regulatory authorities registering or qualifying
                  any of its securities for sale or resale to the public as free
                  trading securities, it will notify Mr. Wasserman of such
                  intent at least 15 business days prior to such filing, and
                  shall, if requested by him, include any shares theretofore
                  issued upon exercise of the Options in such registration or
                  notification statement, provided that Mr. Wasserman cooperates
                  in a timely manner with any requirements for such registration
                  or qualification by notification, including, without
                  limitation, the obligation to provide complete and accurate
                  information therefor, and provided further that in conjunction
                  with any such registration, Mr. Wasserman must comply with any
                  reasonable restrictions on sales of the registered  securities
                  generally required by an underwriter of securities included in
                  such registration statement.

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              Explorations Group, Inc. Engagement Agreement Page 6
                                      Page

<PAGE>

(b) In addition to the compensation described above:

         (1)      In the event that Mr. Wasserman arranges or provides funding
                  for the Consolidated Corporation on terms more beneficial than
                  those reflected in the Consolidated Corporation's current
                  principal financing agreements, copies of which are included
                  among the Consolidated Corporation's records available through
                  the SEC's EDGAR web site, Mr. Wasserman shall be entitled, at
                  its election, to either:

                  (A)      A fee equal to 5% of such savings, on a continuing
                           basis; or

                  (B)      If equity funding is provided through Mr. Wasserman
                           or any affiliates thereof, a discount of 5% from the
                           bid price for the subject equity securities, if they
                           are issuable as free trading securities, or, a
                           discount of 25% from the bid price for the subject
                           equity securities, if they are issuable as restricted
                           securities (as the term restricted is used for
                           purposes of SEC Rule 144); and

                  (C)      If equity funding is arranged by Mr. Wasserman and
                           the Colsolidated Corporation is not obligated to pay
                           any other source compensation in conjunction
                           therewith, other than the normal commissions charged
                           by broker dealers in securities in compliance with
                           the compensation guidelines of the NASD, then Mr.
                           Wasserman shall be entitled to a bonus in a sum equal
                           to 5% of the net proceeds of such funding.

         (2)      In the event that Mr. Wasserman generates business for the
                  Consolidated Corporation, then, on any sales resulting
                  therefrom, Mr. Wasserman shall be entitled to a commission
                  equal to 5% of the net income derived by the Consolidated
                  Corporation therefrom, on a continuing basis.

3.2      Benefits

         As an independent contractor, Mr. Wasserman will not be entitled to any
benefits generally made available to Explorations employees, unless otherwise
agreed to in writing by Explorations' board of directors.

3.3      Indemnification.

     Explorations  will defend,  indemnify and hold Mr. Wasserman  harmless from
all liabilities,  suits, judgments, fines, penalties or disabilities,  including
expenses  associated   directly,   therewith  (e.g.  legal  fees,  court  costs,
investigative  costs,  witness fees, etc.) resulting from any reasonable actions
taken by him in good  faith on behalf of  Explorations,  its  affiliates  or for
other  persons  or  entities  at  the  request  of the  board  of  directors  of
Explorations,  to the  fullest  extent  legally  permitted,  and in  conjunction
therewith,  shall  assure that all  required  expenditures  are made in a manner
making it  unnecessary  for Mr.  Wasserman to incur any out of pocket  expenses;
provided,  however,  that Mr.  Wasserman  permits  Explorations  to  select  and
supervise all personnel  involved in such defense and that Mr.  Wasserman waives
any  conflicts  of  interest  that such  personnel  may have as a result of also
representing  Explorations,  their stockholders or other personnel and agrees to
hold them harmless from any matters involving such  representation,  except such
as involve fraud or bad faith.

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              Explorations Group, Inc. Engagement Agreement Page 7
                                      Page

<PAGE>

                                  Article Four
                                Special Covenants

4.1      Confidentiality.

(a)  Mr.  Wasserman  acknowledges  that,  in and as a result  of his  engagement
     hereunder, he will be developing for Explorations, making use of, acquiring
     and/or adding to, confidential information of special and unique nature and
     value relating to such matters as  Explorations'  trade  secrets,  systems,
     procedures,  manuals, confidential reports, personnel resources,  strategic
     and tactical plans, advisors, clients, investors and funders; consequently,
     as material  inducement to the entry into this  Agreement by  Explorations,
     Mr.  Wasserman  hereby  covenants  and agrees that he shall not, at anytime
     during or  following  the terms of his  engagement  hereunder,  directly or
     indirectly,   personally  use,   divulge  or  disclose,   for  any  purpose
     whatsoever, any of such confidential information which has been obtained by
     or  disclosed  to him as a result of his  engagement  by  Explorations,  or
     Explorations' affiliates.

(b)  In the event of a breach or  threatened  breach by Mr.  Wasserman of any of
     the provisions of this Section 4.1, Explorations, in addition to and not in
     limitation  of  any  other  rights,   remedies  or  damages   available  to
     Explorations, whether at law or in equity, shall be entitled to a permanent
     injunction  in order to  prevent  or to  restrain  any such  breach  by Mr.
     Wasserman,  or  by  Mr.  Wasserman's  partners,  agents,   representatives,
     servants,  employers,  employees,  affiliates  and/or  any and all  persons
     directly or indirectly acting for or with him.

4.2      Special Remedies.

     In view of the irreparable harm and damage which would undoubtedly occur to
Explorations  as a result  of a breach  by Mr.  Wasserman  of the  covenants  or
agreements  contained  in this  Article  Four,  and in  view  of the  lack of an
adequate remedy at law to protect Explorations'  interests, Mr. Wasserman hereby
covenants  and agrees  that  Explorations  shall have the  following  additional
rights and remedies in the event of a breach hereof:

(a)      Mr. Wasserman hereby consents to the issuance of a permanent injunction
         enjoining him from any violations of the covenants set forth in Section
         4.1 hereof; and

(b)      Because it is impossible to ascertain or estimate the entire or exact
         cost, damage or injury which Explorations may sustain prior to the
         effective enforcement of such injunction, Mr. Wasserman hereby
         covenants and agrees to pay over to Explorations, in the event he
         violates the covenants and agreements contained in Section 4.2 hereof,
         the greater of:

         (i)      Any payment or compensation of any kind received by him
                  because of such violation before the issuance of such
                  injunction, or

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                                      Page

<PAGE>

         (ii)     The sum of One Thousand ($1,000.00) Dollars per violation,
                  which sum shall be liquidated damages, and not a penalty, for
                  the injuries suffered by Explorations as a result of such
                  violation, the Parties hereto agreeing that such liquidated
                  damages are not intended as the exclusive remedy available to
                  Explorations for any breach of the covenants and agreements
                  contained in this Article Four, prior to the issuance of such
                  injunction, the Parties recognizing that the only adequate
                  remedy to protect Explorations from the injury caused by such
                  breaches would be injunctive relief.

4.3      Cumulative Remedies.

     Mr.  Wasserman  hereby  irrevocably  agrees that the remedies  described in
Section 4.3 hereof shall be in addition to, and not in limitation of, any of the
rights or remedies to which  Explorations  is or may be entitled to,  whether at
law or in equity, under or pursuant to this Agreement.

4.4      Acknowledgment of Reasonableness.

     Mr. Wasserman  hereby  represents,  warrants and  acknowledges  that he has
carefully read and  considered  the provisions of this Article Four and,  having
done so, agrees that the  restrictions  set forth herein are fair and reasonable
and are reasonably required for the protection of the interests of Explorations,
its officers, directors and other employees; consequently, in the event that any
of the above-described  restrictions shall be held unenforceable by any court of
competent jurisdiction,  Mr. Wasserman hereby covenants, agrees and directs such
court to substitute a reasonable judicially  enforceable  limitation in place of
any limitation  deemed  unenforceable  and, Mr.  Wasserman  hereby covenants and
agrees that if so modified,  the covenants  contained in this Article Four shall
be as fully  enforceable  as if they had been set forth  herein  directly by the
Parties.  In determining the nature of this  limitation,  Mr.  Wasserman  hereby
acknowledges,  covenants  and agrees that it is the intent of the Parties that a
court adjudicating a dispute arising hereunder recognize that the Parties desire
that this  covenant  not to compete be imposed and  maintained  to the  greatest
extent possible.

4.5      Unauthorized Acts.

     Mr.  Wasserman  hereby  covenants and agrees that he will not do any act or
incur any obligation on behalf of Explorations or American  Internet of any kind
whatsoever,   except  as  authorized  by  its  board  of  directors  or  by  its
stockholders pursuant to duly adopted stockholder action.

4.6      Covenant not to Disparage

     Mr. Wasserman hereby irrevocably  covenants and agrees that during the term
of this  Agreement  and after its  termination,  he will refrain from making any
remarks  that  could  be  construed  by  anyone,  under  any  circumstances,  as
disparaging,  directly  or  indirectly,  specifically,  through  innuendo  or by
inference,  whether  or  not  true,  about  the  Consolidated  Corporation,  its
constituent  members,  or their officers,  directors,  stockholders,  employees,
agent  or  affiliates,  whether  related  to the  business  of the  Consolidated
Corporation, to other business or financial matters or to personal matters.

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<PAGE>

                                  Article Five
                                  Miscellaneous

5.1      Notices.

(a)      All notices, demands or other communications hereunder shall be in
         writing, and unless otherwise provided, shall be deemed to have been
         duly given on the first business day after mailing by registered or
         certified mail, return receipt requested, postage prepaid, addressed as
         follows:

                                To Mr. Wasserman:

          Adam Wasserman, 1643 Royal Grove Way, Weston, Florida 33327;
 Telephone (800) 867-0078; Facsimile (954) 384-2900; e-mail adamw@cfooncall.com

                                To Explorations:

                            Explorations Group, Inc.
               2500 North Military Trail, Suite 225-D; Boca Raton,
        Florida 33431 Telephone (561) 997-1188, Fax (561) 998-3425; and,
                        e-mail michelle@popstarzinc.com;
                      Attention: President; with a copy to

                          Vanessa H. Lindsey, Secretary
                            Explorations Group, Inc.
                1985 Southeast 20th Street, Ocala, Florida 34471
               Telephone (352) 694-6661, Fax (352) 694-1325; and,
                     e-mail, operations@yankeecompanies.com

         or such other address or to such other person as any Party shall
         designate to the other for such purpose in the manner hereinafter set
         forth.

(b)               (1) The Parties acknowledge that Yankees serves as a strategic
                  consultant to Explorations and has acted as scrivener for the
                  Parties in this transaction but that Yankees is neither a law
                  firm nor an agency subject to any professional regulation or
                  oversight.

         (2)      Because of the inherent conflict of interests involved,
                  Yankees has advised all of the Parties to retain independent
                  legal and accounting counsel to review this Agreement and its
                  exhibits and incorporated materials on their behalf.

(c)      The decision by any Party not to use the services of legal counsel in
         conjunction with this transaction shall be solely at their own risk,
         each Party acknowledging that applicable rules of the Florida Bar
         prevent Explorations' general counsel, who has reviewed, approved and
         caused modifications on behalf of Explorations, from representing
         anyone other than Explorations in this transaction.

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                                      Page

<PAGE>

5.2      Amendment.

(a)      No modification, waiver, amendment, discharge or change of this
         Agreement shall be valid unless the same is in writing and signed by
         the Party against which the enforcement of said modification, waiver,
         amendment, discharge or change is sought.

(b)      This Agreement may not be modified without the consent of a majority in
         interest of Explorations' stockholders.

5.3      Merger.

(a)      This instrument contains all of the understandings and agreements of
         the Parties with respect to the subject matter discussed herein.

(b)      All prior agreements whether written or oral, are merged herein and
         shall be of no force or effect.

5.4      Survival.

     The  several  representations,  warranties  and  covenants  of the  Parties
contained  herein  shall  survive the  execution  hereof and shall be  effective
regardless of any investigation  that may have been made or may be made by or on
behalf of any Party.

5.5      Severability.

     If any provision or any portion of any provision of this Agreement,  or the
application  of  such  provision  or  any  portion  thereof  to  any  person  or
circumstance  shall be held invalid or unenforceable,  the remaining portions of
such provision and the remaining provisions of this Agreement or the application
of  such  provision  or  portion  of  such  provision  as  is  held  invalid  or
unenforceable to persons or  circumstances  other than those to which it is held
invalid or unenforceable, shall not be effected thereby.

5.6      Governing Law and Venue.

     This Agreement  shall be construed in accordance with the laws of the State
of  Florida  but any  proceeding  arising  between  the  Parties  in any  matter
pertaining or related to this Agreement  shall, to the extent  permitted by law,
be held in Broward County, Florida.

5.7      Dispute Resolution.

(a)      In any action between the Parties to enforce any of the terms of this
         Agreement or any other matter arising from this Agreement, the
         prevailing Party shall be entitled to recover its costs and expenses,
         including reasonable attorneys' fees up to and including all
         negotiations, trials and appeals, whether or not litigation is
         initiated.

(b)      In the event of any dispute arising under this Agreement, or the
         negotiation thereof or inducements to enter into the Agreement, the
         dispute shall, at the request of any Party, be exclusively resolved
         through the following procedures:

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<PAGE>

         (1)               (A) First, the issue shall be submitted to mediation
                           before a mediation service in Broward County,
                           Florida, to be selected by lot from four alternatives
                           to be provided, two by Explorations and two by Mr.
                           Wasserman.

                  (B)      The mediation efforts shall be concluded within ten
                           business days after their in itiation unless the
                           Parties unanimously agree to an extended mediation
                           period.

         (2)      In the event that mediation does not lead to a resolution of
                  the dispute then at the request of any Party, the Parties
                  shall submit the dispute to binding arbitration before an
                  arbitration service located in Broward County, Florida to be
                  selected by lot, from four alternatives to be provided, two by
                  Explorations and two by Mr. Wasserman.

         (3)      (A) Expenses of mediation shall be borne by Explorations, if
                  successful.

                  (B)      Expenses of mediation, if unsuccessful and of
                           arbitration shall be borne by the Party or Parties
                           against whom the arbitration decision is rendered.

                  (C)      If the terms of the arbitral award do not establish a
                           prevailing Party, then the expenses of unsuccessful
                           mediation and arbitration shall be borne equally by
                           the Parties.

5.8      Benefit of Agreement.

(a)      This Agreement may not be assigned by Mr. Wasserman without the prior
         written consent of Explorations.

(b)      Subject to the restrictions on transferability and assignment contained
         herein, the terms and provisions of this Agreement shall be binding
         upon and inure to the benefit of the Parties, their successors,
         assigns, personal representative, estate, heirs and legatees.

5.9      Captions.

     The captions in this Agreement are for  convenience  and reference only and
in no way define,  describe,  extend or limit the scope of this Agreement or the
intent of any provisions hereof.

5.10     Number and Gender.

     All pronouns  and any  variations  thereof  shall be deemed to refer to the
masculine, feminine, neuter, singular or plural, as the identity of the Party or
Parties, or their personal representatives, successors and assigns may require.

5.11     Further Assurances.

     The Parties hereby agree to do,  execute,  acknowledge and deliver or cause
to be done,  executed or  acknowledged or delivered and to perform all such acts
and deliver  all such  deeds,  assignments,  transfers,  conveyances,  powers of
attorney, assurances, recipes, records and other documents, as may, from time to
time, be required herein to effect the intent and purposes of this Agreement.

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              Explorations Group, Inc. Engagement Agreement Page 12
                                      Page

<PAGE>

5.12     Status.

     Nothing  in this  Agreement  shall  be  construed  or  shall  constitute  a
partnership,  joint venture, agency, or lessor-lessee relationship;  rather, the
relationship   established   hereby  is  that  of   independent   contractor  to
Explorations,  as the term  "independent  contractor"  is  defined by the United
States Internal Revenue Service. In conjunction  therewith,  Mr. Wasserman shall
be responsible for his own tax reporting and payment obligations, and shall have
the sole and exclusive  responsibility  and liability for making all reports and
contributions,  withholdings, payments and taxes to be collected, withheld, made
and paid  with  respect  to the  services  to be  performed  hereunder,  whether
pursuant to any social security,  unemployment insurance,  worker's compensation
law or other  federal,  state or local law now in force in  effect or  hereafter
enacted. In amplification of the foregoing, except as otherwise may be agreed by
the Parties in writing, Mr. Wasserman shall be responsible for providing his own
office facilities and supporting personnel.

5.13     Counterparts.

(a)      This Agreement may be executed in any number of counterparts.

(b)      Execution by exchange of facsimile transmission shall be deemed legally
         sufficient to bind the signatory; however, the Parties shall, for
         aesthetic purposes, prepare a fully executed original version of this
         Agreement, which shall be the document filed with the Commission.

5.14     License.

(a)      This Agreement is the property of Yankees and the use hereof by the
         Parties is authorized hereby solely for purposes of this transaction.

(b)      The use of this form of agreement or of any derivation thereof without
         Yankees' prior written permission is prohibited.

(c)      This Agreement shall not be more strictly interpreted against any Party
         as a result of its authorship.

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<PAGE>

         In Witness Whereof, the Parties have executed this Agreement, effective
as of the date set forth above.

Signed, Sealed & Delivered
         In Our Presence
                                                    Mr. Wasserman
--------------------------

--------------------------                          /s/ Adam Wasserman
                                                     Adam Wasserman

                                                    Explorations Group, Inc.,
                                                    a Delaware corporation
--------------------------

__________________________                 By:      /s/ Michelle Tucker
                                                     Michelle Tucker
                                                     President

(CORPORATE SEAL)
                                           Attest:  /s/ Vanessa H. Lindsey
                                                    Vanessa H. Lindsey
                                                    Secretary

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             Please Initial: Explorations: ____ Mr. Wasserman: ____

              Explorations Group, Inc. Engagement Agreement Page 14
                                      Page

<PAGE>

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