Document:

Exhibit 10.46

                            PLACEMENT AGENT AGREEMENT

     THIS PLACEMENT AGENT AGREEMENT ("AGREEMENT"), is made as of the 18th day of
August,  1999,  by  and  between  THE  TRACKER  CORPORATION  OF AMERICA, INC., a
Delaware  corporation  (the  "COMPANY"),  and SOVEREIGN CAPITAL ADVISORS, LLC, a
Nevada  limited  liability  company  (the  "AGENT").

                                   BACKGROUND

     The  Company  proposes to issue and sell Series 1 Secured Bridge Notes (the
"SECURITIES")  resulting  in  gross  proceeds to the Company of up to $3,000,000
(the  "OFFERING")  in  a transaction not involving a public offering and without
registration  under the Securities Act of 1933, as amended (the "ACT"), pursuant
to  exemptions  from the registration requirements of the Act under Section 4(2)
of  the  Act and Regulation D promulgated under the Act ("REGULATION D").  Agent
has  offered to assist the Company to structure the Offering and the Securities,
and  introduce  the  Company to prospective investors on a "best efforts basis."
The  Company desires to secure the services of Agent on the terms and conditions
hereinafter  set  forth.

                                    AGREEMENT

     For and in consideration of the mutual covenants herein, and other good and
valuable  consideration,  the  receipt  and legal sufficiency of which is hereby
acknowledged,  the  parties  hereto  agree:

                       SECTION 1.     ENGAGEMENT OF AGENT.

     SECTION  1.1     APPOINTMENT.

     The Company hereby appoints Agent as its exclusive agent in connection with
the  proposed  issuance and sale by the Company of securities resulting in gross
proceeds  to  the  Company  of  up  to  $3,000,000.  Agent,  on the basis of the
representations  and  warranties  herein  contained, and upon and subject to the
terms  and  conditions  herein  set  forth,  accepts  such  appointment.  This
appointment  shall  be  irrevocable  for the period commencing July 19, 1999 and
ending  February  18,  2000,  which  period maybe extended by the consent of the
Company  and  Agent  (the  "OFFERING  PERIOD").

     SECTION  1.2     COMPENSATION.

     The  Company  shall  pay  Agent  a finder's fee of ten percent (10%) of the
gross  proceeds  derived from the offer, sale, and issuance of the Securities or
any  other  securities  issued  by  the Company issued by the Company during the
Offering  Period (the "GROSS PROCEEDS") PLUS a non-accountable expense allowance
of  three  percent  (3%)  of  the  Gross  Proceeds.

     SECTION  1.3     REIMBURSEMENT  OF  EXPENSES.

     The Company agrees to pay the out-of-pocket expenses of Agent including the
fees  and  expenses  of  counsel to Agent for the preparation of the Transaction
Agreements  in  accordance  with Section 7.7 of the Purchase Agreement, and fees
and  expenses  of  Escrow  Agent  in  accordance  with  Section 13 of the Escrow
Agreement.  The  Company  agrees that the amount of such fees and expenses shall
be  deducted  by  Escrow Agent from the proceeds of the issuance and sale of the
Securities.

     SECTION  1.4     LIMITED  ROLE  OF  AGENT.

     Agent  has  acted  only as an advisor to the Company, Agent has advised the
Company  on  the  structure  of  the Offering and Securities, and has identified
potential  investors.  The  Company  has offered the Securities to the investors
and  has negotiated directly with the investors in the Offering.  Agent will use
best  efforts to introduce the Company only to "accredited investors" as defined
in  Regulation  D.  Wherever  possible  Agent  will  introduce  the  Company  to
prospective  investors  who  are not "U.S. Persons," as defined in Regulation S.

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     SECTION  1.5     RIGHT  OF  FIRST  REFUSAL.

     The  Company  hereby  grants  Agent  a  right  of  first  refusal to act as
placement  agent  for  any  future private financings of the Company, whether of
equity  securities,  convertible  debt  securities, or securities or instruments
convertible  into  or exchangeable for debt or equity securities of the Company,
mergers,  acquisitions,  or similar transactions.  The duration of Agent's right
of  first  refusal  under this Section 1.5 shall be for a period of one (1) year
following  the  final  Closing  of  the Offering.  In the event that the Company
wishes  to  undertake  a  transaction described in this Section 1.5, the Company
shall  send  Agent  a  written  notice  of the proposed transaction (whether the
transaction  is initiated by the Company or is offered to the Company by a third
party)  in  sufficient  specificity  to  allow  Agent to understand the proposed
transaction  clearly.  This  notice  must  be delivered to Agent at least twenty
days  prior  to  the  proposed closing of the transaction.  Agent shall have ten
days  from  receipt  of  that  notice  to  determine whether or not it wishes to
exercise  its  right  of  first refusal with respect to that transaction.  Agent
shall  notify  the  Company  in writing of its decision to exercise or waive its
right  of first refusal with respect to the transaction described in the notice.
If  Agent  waives  its  right  of  first  refusal  with  respect to a particular
transaction,  the  Company  may proceed with that transaction, PROVIDED HOWEVER,
that  if  the  terms of the transaction are changed in any material way from the
terms  set  forth  in  the notice to Agent, Agent's right of first refusal shall
commence  again.  Agent's  waiver of its rights of first refusal with respect to
any specific transaction shall not act as a waiver of its rights with respect to
future  transactions  within  the  applicable  time  period.

     SECTION  1.6     CONFIDENTIALITY.

     The  Company  agrees  to  maintain  the  confidentiality of all prospective
investors  identified  to the Company by Agent, except as required by applicable
law.  For  a  period  of  two  (2)  years from the Closing, the Company will not
solicit  or enter into any financing transaction with such investors without the
written  consent  of Agent AND payment to Agent of compensation no less than the
compensation  to  be  paid  to  Agent  hereunder  for  raising  a  like  amount.

     SECTION  1.7     REMEDIES.

     In  the  event  that  Company  breaches  Section  1.5 hereof or Section 1.6
hereof,  Agent  shall  be  entitled  to  receive  compensation in respect of the
financing  giving rise to the breach of this Agreement at the rates set forth in
Section  1.2  hereof.

                     SECTION 2.     CONDUCT OF THE OFFERING.

     SECTION  2.1     OFFERING  DOCUMENTS.

     The Company shall utilize a Series 1 Secured Bridge Note Purchase Agreement
(the  "PURCHASE  AGREEMENT"),  a  Series  1  Secured  Bridge Note in the form of
EXHIBIT A to the Purchase Agreement (the "BRIDGE NOTES"), a Repricing Warrant to
be  issued  with  each  Bridge  Note  in  the  form of EXHIBIT B to the Purchase
Agreement  (the  "WARRANTS"),  a  Registration  Rights  Agreement in the form of
EXHIBIT  C  to  the Purchase Agreement the ("REGISTRATION RIGHTS AGREEMENT"), an
Escrow Agreement in the form of EXHIBIT D to the Purchase Agreement (the "ESCROW
AGREEMENT"),  a  form  of opinion of Company counsel in the form of EXHIBIT E to
the  Purchase  Agreement (the "COMPANY OPINION"), a Form of Irrevocable Transfer
Agent  Instructions  in  the  form  of  EXHIBIT _ to the Purchase Agreement (the
"TRANSFER  AGENT  INSTRUCTIONS"),  a certificate of the Company's Secretary (the
"SECRETARY  CERTIFICATE")  and  a  certificate  of the Company's chief executive
officer ("COMPLIANCE CERTIFICATE") (collectively, the Purchase Agreement and all
Exhibits  thereto,  the Secretary Certificate and the Compliance Certificate are
herein after referred to as the "TRANSACTION AGREEMENTS") in connection with the
Offering.  The  Company  and  its  counsel  have  reviewed,  commented upon, and
approved  the  Transaction  Agreements.

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     SECTION  2.2     PUBLIC  INFORMATION.

     The  Company within a reasonable amount of time prior to any Closing, shall
provide  each  prospective  investor  with a copy of all information required by
Rule  502(b)(2)(ii)  of  Regulation D promulgated pursuant to the Securities Act
(collectively,  "SEC  DOCUMENTS").  The  SEC  Documents  have  been  prepared in
conformity  with  the  requirements (to the extent applicable) of the Securities
and  Exchange  Act of 1934, as amended (the "ACT") and the rules and regulations
("RULES  AND REGULATIONS") of the Commission promulgated thereunder.  As used in
this  Agreement,  the  term  "OFFERING  DOCUMENTS"  means  collectively  the SEC
Documents  and  the  Transaction  Agreements,  and all amendments, exhibits, and
supplements  thereto,  together  with  any other documents which are provided to
Agent  by,  or  approved  for  Agent's  use  by,  the Company for this Offering.

     SECTION  2.3     ACCURACY  OF  OFFERING  DOCUMENTS.

     The Offering Documents, at the time of delivery to Purchasers, conformed in
all  material  respects  with the requirements, to the extent applicable, of the
Act  and  the  applicable  Rules and Regulations, and did not include any untrue
statement  of a material fact, or omit to state any material fact required to be
stated  therein,  or  necessary, to make the statements therein, in light of the
circumstances  under which they were made, not misleading.  At each Closing, the
Offering  Documents  will contain all statements which are required to be stated
therein  in  accordance  with  the  Act  and  the  Rules and Regulations for the
purposes of the proposed Offering, and all statements of material fact contained
in  the Offering memorandum will be true and correct, and the Offering Documents
will  not  include  any untrue statement of a material fact or omit to state any
material  fact required to be stated therein or necessary to make the statements
therein,  in  light  of  the  circumstances  under  which  they  were  made, not
misleading;  PROVIDED,  HOWEVER,  that  the  Company  does  not  make  any
representations or warranties as to the information contained in or omitted from
the  Offering Documents in reliance upon written information furnished on behalf
of  Agent  specifically  for  use  therein.  Agent has no responsibility for the
contents, accuracy, or adequacy of the Offering Documents, or for the compliance
of  the  Offering  Documents,  with  the  requirements  of Rule 502(b)(2)(ii) of
Regulation  D  promulgated  pursuant  to  the  Securities  Act.

     SECTION  2.4     DUTY  TO  AMEND.

     If,  at any time during the Offering, or such longer period as the Offering
Documents  are  required  to be delivered under the Act, any event occurs or any
event known to the Company relating to or affecting the Company shall occur as a
result  of  which  the  Offering Documents as then amended or supplemented would
include  an  untrue  statement of a material fact, or omit to state any material
fact  necessary  to  make  the statements therein, in light of the circumstances
under  which  they  were made, not misleading, or if it is necessary at any time
after  the  date  hereof to amend or supplement the Offering Documents to comply
with  the  Act  or  the  applicable  Rules  and  Regulations,  the Company shall
forthwith  notify  Agent  thereof  and  shall  prepare such further amendment or
supplement  to  the  Offering Documents as may be required and shall furnish and
deliver  to  Agent  and  to  others, whose names and addresses are designated by
Agent,  all  at  the  cost  of the Company, a reasonable number of copies of the
amendment  or  supplement  or  of the amended or supplemented Offering Documents
which,  as so amended or supplemented, will not contain an untrue statement of a
material  fact or omit to state any material fact necessary in order to make the
Offering  Documents  not misleading in the light of the circumstances when it is
delivered  to a purchaser or prospective purchaser, and which will comply in all
respects  with  the  requirements  (to the extent applicable) of the Act and the
applicable  Rules  and  Regulations.

     SECTION  2.5     ESCROW  OF  FUNDS.

     Pursuant to the Escrow Agreement, executed by the Company, the person named
as  escrow  agent  in  the  Escrow  Agreement  (the  "ESCROW  AGENT"),  and  the
prospective  investors  who  have  executed  signature  pages  to  the  Purchase
Agreement,  the  Registration  Rights  Agreement,  and the Escrow Agreement (the
"PURCHASERS"),  the  purchase  price  for  the  Securities  to  be  purchased as
reflected  on  the  Purchaser  Signature Page to the Purchase Agreement shall be
wired  to  the  Escrow  Agent  to be held by the Escrow Agent as provided in the
Escrow  Agreement.

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     SECTION  2.6     APPROVAL  OF  INVESTORS.

     Prior  to  each  closing,  the Company shall have the right to approve each
Purchaser.  If  the  Company  withholds  approval of any Purchaser, the purchase
price  wired  to  Escrow  Agent  by  such  Purchaser  shall  be returned to such
Purchaser  along  with  the  Purchaser  Signature Pages of such Purchaser to the
Purchase Agreement, the Registration Rights Agreement, and the Escrow Agreement.
The  right  to  withhold  approval of any Purchaser shall be deemed to have been
waived  if the Company authorizes the Escrow Agent to disburse funds provided by
any  Purchaser  at  any  closing.

     SECTION  2.7     DELIVERY  OF  SECURITIES.

     Securities  in  such form that, subject to applicable transfer restrictions
as  described  in  the Purchase Agreement, they can be negotiated by the holders
thereof (issued in such denominations and in such names as the Purchasers of the
Securities  may  request  shall  be  delivered by the Company to the counsel for
Placement  Agent,  with copies made available to Agent for checking at least one
(1)  full  business  day prior to the Closing Date, it being understood that the
directions  from  Agent  to  the  Company  shall  be given at least two (2) full
business  days  prior to the Closing Date.  The Securities shall be delivered at
the  Initial  Closing  and  at  each  Subsequent  Closing.

     SECTION  2.8     INITIAL  CLOSING.

     The Initial Closing (the "INITIAL CLOSING") shall occur at such time as (a)
Purchasers have delivered to the Company (care of Balboni Law Group LLC, counsel
for Agent) executed Purchaser Signature Pages to each of the Purchase Agreement,
the Registration Rights Agreement, and the Escrow Agreement, (b) the Company has
not  withheld  approval  the  Purchasers,  and  (c)  all other conditions to the
obligation  of  the  Purchasers  and  the  Company  to  close  the  transactions
contemplated  by  the  Purchase  Agreement  have  been  satisfied  or  waived.

     SECTION  2.9     SUBSEQUENT  CLOSINGS.

     In  the event that the Initial Closing shall be for an amount of Securities
that is less than the amount of the Offering, the Offering may be continued, and
additional  Closings  may  be  held (each a "SUBSEQUENT CLOSING") throughout the
Offering  Period,  PROVIDED  THAT  (a)  Purchasers have delivered to the Company
(care  of Balboni Law Group LLC, counsel for Agent) executed Purchaser Signature
Pages  to each of the Purchase Agreement, the Registration Rights Agreement, and
the  Escrow Agreement, (b) the Company has not withheld approval the Purchasers,
and (c) all other conditions to the obligation of the Purchasers and the Company
to  close  the  transactions  contemplated  by  the Purchase Agreement have been
satisfied  or  waived.

     SECTION  2.10     DISBURSEMENTS  AT  CLOSING.

     At each Closing, the Company shall execute a Release Notice that authorizes
the  Escrow  Agent to receive expenses of the Offering in the amounts specified,
and effect a wire transfer of the net proceeds of such Closing to the Company or
another  entity  designated  therein  by  the Company.  The authorization of the
Company  to  release  the  funds  held  by  the  Escrow  Agent  is the Company's
authorization  to  release the executed Transaction Agreements and Securities to
the  Purchasers.  One  complete  set  of  executed Transaction Documents will be
delivered  to  the  Company.

     SECTION  2.11     TIME  AND  PLACE  OF  CLOSINGS.

     The Initial Closing and any Subsequent Closing shall be held at the offices
of Balboni Law Group LLC, 3475 Lenox Road, Suite 990, Atlanta, Georgia 30326, at
10:00  a.m. on such dates as are fixed in accordance with this Agreement and the
Purchase  Agreement.  The  Closing  Date  may  be changed by mutual agreement of
Agent and the Company.  The Company agrees to rely on faxed signature pages from
the  Purchasers,  without  the  requirement  of  obtaining  an originally signed
version  of  any of the Transactions Agreements to which a Purchaser is a Party.

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                SECTION 3.     CONDITIONS OF AGENT'S OBLIGATIONS.

Agent's  obligations  hereunder  shall  be  subject  to  the accuracy, as of the
Closing  Date,  of the representations and warranties on the part of the Company
contained  in this Agreement, to the fulfillment of or compliance by the Company
with  all  covenants  and  conditions  hereof,  and  to the following additional
conditions:

          (a)  There  shall  be no  outstanding  objection  to  any  Transaction
     Agreement by the Company or its counsel or any Purchaser or its counsel.

          (b) The Company shall not have disclosed that the Offering  Documents,
     or  any  amendment  thereof  or  supplement  thereto,  contains  an  untrue
     statement of fact,  which, in the opinion of counsel to Agent, is material,
     or  omits  to state a fact,  which,  in the  opinion  of such  counsel,  is
     material and is required to be stated therein,  or is necessary to make the
     statements  therein,  under the  circumstances in which they were made, not
     misleading.

          (c) Between the date hereof and the Closing  Date,  the Company  shall
     not have sustained any loss on account of fire, explosion, flood, accident,
     calamity,  or any  other  cause  of  such  character  as  would  materially
     adversely  affect its business or property  considered as an entire entity,
     whether or not such loss is covered by insurance.

          (d) There  shall be no  litigation  instituted  or overtly  threatened
     against  the  Company,  and  there  shall be no  proceeding  instituted  or
     threatened   against  the  Company  before  or  by  any  federal  or  state
     commission,   regulatory   body,  or   administrative   agency,   or  other
     governmental  body,  domestic or foreign,  wherein an  unfavorable  ruling,
     decision,  or finding  would  materially  adversely  affect  the  business,
     franchises,  license, permits, operations, or financial condition or income
     of the Company considered as an entity.

          (e)  Except as  contemplated  herein  or as set forth in the  Offering
     Documents,  during  the  period  subsequent  to the most  recent  financial
     statements  contained in the Offering  Documents,  if any, and prior to the
     Closing  Date,  the Company (i) shall have  conducted  its  business in the
     usual and  ordinary  manner as the same is being  conducted  as of the date
     hereof and (ii)  except in the  ordinary  course of  business,  the Company
     shall  not  have  incurred  any  liabilities  or  obligations   (direct  or
     contingent)  or  disposed  of any  assets,  or  entered  into any  material
     transaction, or suffered or experienced any substantially adverse change in
     its  condition,  financial or otherwise.  At the Closing  Date,  the equity
     account of the Company shall be substantially  the same as reflected in the
     most recent  balance  sheet  contained  in the Offering  Documents  without
     considering the proceeds from the sale of the Securities  other than as may
     be set forth in the Offering Documents.

          (f)  The  authorization  of the  Securities  by the  Company  and  all
     proceedings and other legal matters  incident thereto and to this Agreement
     shall be reasonably satisfactory in all respects to Agent and its counsel.

          (g) The  Company  shall  have  furnished  Agent a copy of the  Company
     opinion with respect to the  sufficiency of all corporate  proceedings  and
     other legal  matters  relating to this  Agreement  as Agent may  reasonably
     require.

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          (h) The Company shall have  furnished to Agent the opinion,  dated the
     Initial  Closing,  addressed  to Agent,  from  counsel to the  Company,  as
     required by the Purchase Agreement.

          (h) The Company shall have furnished to Agent a copy of the Compliance
     Certificate  and the  Secretary  Certificate  each dated as of the  Closing
     Date.

          SECTION 4.     REPRESENTATIONS AND WARRANTIES OF THE COMPANY.

     For  the  purpose  of  inducing  Agent  to enter into this and perform this
Agreement,  the  Company hereby represents and warrants to and agrees with Agent
as  follows:

     SECTION  4.1     CORPORATION  CONDITION.

     The  Company's  condition is as described in its Offering Documents, except
for  changes  in the ordinary course of business and normal year-end adjustments
that  are  not in the aggregate materially adverse to the Company.  The Offering
Documents,  taken as a whole, present fairly the business and financial position
of  the  Company  as  of  the  Closing  Date.

     SECTION  4.2     NO  MATERIAL  ADVERSE  CHANGE.

     Except  as  may  be reflected in or contemplated by the Offering Documents,
subsequent  to  the  dates  as  of  which  information  is given in the Offering
Documents, and prior to the Closing Date, there shall not have been any material
adverse  change  in  the condition, financial or otherwise, or in the results of
operations  of  the  Company  or  in  its  business  taken  as  a  whole.

     SECTION  4.3     NO  DEFAULTS.

     Except  as  disclosed in the Offering Documents or in writing to Agent, the
Company  is  not  in  default  in any material respect in the performance of any
material  obligation,  agreement, or condition contained in any debenture, note,
or  other  evidence  of  indebtedness  or any indenture or loan agreement of the
Company.  The  execution and delivery of this Agreement, and the consummation of
the  transactions  herein  contemplated,  and  compliance with the terms of this
Agreement,  will  not conflict with, or result in, a breach of any of the terms,
conditions,  or provisions of, or constitute a default under, the Certificate of
Incorporation  or  bylaws of the Company (in any respect that is material to the
Company),  any  material  note,  indenture,  mortgage,  deed  of trust, or other
agreement  or instrument to which the Company is a party or by which the Company
or  any  property  of  the  Company is bound, or to the Company's knowledge, any
existing  law,  order,  rule,  regulation,  writ,  injunction,  or decree of any
government,  governmental instrumentality, agency, or body, arbitration tribunal
or  court,  domestic  or  foreign,  having  jurisdiction over the Company or any
property  of the Company.  The consent, approval, authorization, or order of any
court  or  governmental  instrumentality, agency or body is not required for the
consummation  of  the  transactions  herein  contemplated  except such as may be
required  under the Act or under the blue sky or securities laws of any state or
jurisdiction.

     SECTION  4.4     INCORPORATION  AND  STANDING.

     The  Company  is,  and at the Closing Date will be, duly formed and validly
existing  in  good  standing  as  a  corporation  under the laws of the State of
Delaware  and  with  full  power  and authority (corporate and other) to own its
properties  and  conduct its business, present and proposed, as described in the
Offering Documents; the Company, has full power and authority to enter into this
Agreement;  and  the Company is duly qualified and in good standing as a foreign
entity  in  each  jurisdiction  in  which the failure to so qualify would have a
material  adverse  effect  on  the  Company  or  its  properties.

     SECTION  4.5     LEGALITY  OF  SECURITIES.

     Prior  to  the Closing Date, the Securities will have been duly and validly
authorized  and  issued,  will  be  valid,  binding  and enforceable against the
Company  in  accordance  with  their  terms,  and  will  conform in all material
respects  to  the  statements  with  regard  thereto  contained  in the Offering
Documents.

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     SECTION  4.6     LEGALITY  OF  CONVERSION  SHARES.

     The  Common Stock into which the Securities are convertible, when converted
in  accordance  with  the  Securities  will  be  duly  and  validly  issued  and
outstanding, fully paid, and non-assessable and conform in all material respects
to  the  statements  with  regard  thereto  contained in the Offering Documents.

     SECTION  4.7     LITIGATION.

     Except  as  set  forth  in the Offering Documents, there is now, and at the
Closing  Date  there will be, no action, suit, or proceeding before any court or
governmental  agency,  authority  or  body  pending  or, to the knowledge of the
Company,  threatened,  which  might  result in judgments against the Company not
adequately  covered  by  insurance  or  which  collectively  might result in any
material adverse change in the condition (financial or otherwise) or business of
the  Company or which would materially adversely affect the properties or assets
of  the  Company.

     SECTION  4.8     FINDERS.

     The  Company  does  not  know of any outstanding claims for services in the
nature  of  a  finder's  fee or origination fees with respect to the sale of the
Securities  hereunder  for  which Agent may be responsible, and the Company will
indemnify  Agent  from  any liability for such fees by any party who has a claim
for such compensation from the Company and for which person Agent is not legally
responsible.

     SECTION  4.9     TAX  RETURNS.

     The  Company has filed all federal and state tax returns which are required
to be filed, and has paid all taxes shown on such returns and on all assessments
received by it to the extent such taxes have become due.  All taxes with respect
to  which the Company is obligated have been paid or adequate accruals have been
set  up  to  cover  any  such  unpaid  taxes.

     SECTION  4.10     AUTHORITY.

     The  execution and delivery by the Company of this Agreement have been duly
authorized  by  all  necessary action, and this Agreement is the valid, binding,
and  legally  enforceable  obligation  of  the  Company  subject  to  standard
qualifications  as  to  the  availability  of  equitable remedies, the effect of
bankruptcy  and  other  laws  relating  to  the protection of debtors and public
policy  opinions  promulgated  by the Commission with respect to indemnification
against  liabilities  under  the  Act.

     SECTION  4.11     ACTIONS  BY  THE  COMPANY.

     The Company will not take any action which will impair the effectiveness of
the  transactions  contemplated  by  this  Agreement.

                    SECTION 5.     COVENANTS OF THE COMPANY.

     The  Company  covenants  and  agrees  with  Agent  that:

     SECTION  5.1     RESTRICTIONS  ON  AMENDMENTS.

     After  the  date  hereof,  the  Company  will  not at any time, prepare and
distribute  any  amendment  or  supplement  to  the Offering Documents, of which
amendment  or  supplement Agent shall not previously have been advised and Agent
and  its  counsel furnished with a copy within a reasonable time period prior to
the  proposed adoption thereof, or to which Agent shall have reasonable objected
in  writing on the ground that it is not in compliance with the Act or the Rules
and  Regulations  (if  applicable).

     SECTION  5.2     EXPENSES  OF  OFFERING.

     The  Company  will pay, whether or not the transactions contemplated by the
Transaction  Agreements  are consummated, all costs and expenses incident to the
Transaction  Agreements, including all expenses incident to the authorization of
the Securities, their issue and delivery to the Escrow Agent, any original issue
taxes  in  connection  therewith,  all  transfer  taxes, if any, incident to the
initial  sale  of  the  Securities,  the  fees  and  expenses of Agent's and the
Company's  counsel  (except  as provided below) and accountants, and the cost of
reproduction  and furnishing to Agent copies of the Offering Documents as herein
provided,  PROVIDED  HOWEVER,  that the Company shall not be responsible for the
payment  of fees and expenses incurred by Agent's counsel, if Agent is unable to
procure Purchaser Signature Pages to the Transaction Agreements from a Purchaser
that  the  Company  was  willing  to  accept.

                                        7
<PAGE>
     SECTION  5.3     AVAILABILITY  OF  INFORMATION.

     Prior  to  the  Closing Date, the Company will cooperate with Agent in such
investigation  as  it  may  make  or  cause to be made of all of the properties,
business,  and  operations of the Company in connection with the Offering of the
Securities.  The  Company will make available to it in connection therewith such
information  in  its  possession  as  Agent may reasonably request and will make
available  to  Agent  such  persons as Agent shall deem reasonably necessary and
appropriate in order to verify or substantiate any such information so supplied.

     SECTION  5.4     REPORTS  AND  FILINGS.

     The Company shall be responsible for making any and all filings required by
the  blue  sky authorities and filings required by the laws of the jurisdictions
in  which  the  subscribers  who  are  accepted  for  purchase of Securities are
located,  if  any.  Agent shall assist Company in this respect, but such filings
shall  be  the  responsibility  of  Company.

     SECTION  5.5     NO  UNDISCLOSED  EVENTS,  LIABILITIES,  DEVELOPMENTS,  OR
CIRCUMSTANCES.

     The  Company's  condition is as described in its Offering Documents, except
for  changes  in the ordinary course of business and normal year-end adjustments
that are not individually or in the aggregate materially adverse to the Company.
The  Offering  Documents, taken as a whole, will present fairly the business and
financial  position  of  the  Company  as  of  each  Closing  Date.

     SECTION  5.6     NO  MATERIAL  ADVERSE  CHANGE.

     Except  as  may  be reflected in or contemplated by the Offering Documents,
subsequent  to  the  dates  as  of  which  information  is given in the Offering
Documents,  and  prior  to  each  Closing  Date,  there  shall not have been any
material  adverse  change  in  the condition, financial, or otherwise, or in the
results  of  operations  of  the  Company  or  in its business taken as a whole.

                         SECTION 6.     INDEMNIFICATION.

     SECTION  6.1     INDEMNIFICATION  OF  AGENT.

     The  Company  agrees  to indemnify and hold harmless Agent, each person who
controls  Agent  within  the  meaning  of  Section  15  of  the  Act and Agent's
employees, accountants, attorneys and agents (the "AGENT'S INDEMNITEES") against
any  and all losses, claims, damages, or liabilities, joint or several, to which
they  or any of them may become subject under the Act or any other statute or at
common  law  for  any  legal  or  other  expenses  (including  the  costs of any
investigation  and  preparation)  incurred  by  them  in  connection  with  any
litigation,  whether or not resulting in any liability, but only insofar as such
losses,  claims,  damages, liabilities, and litigation arise out of or are based
upon  any  untrue statement of material fact contained in the Offering Documents
or  any  amendment  or  supplement  thereto or any application or other document
filed  in any state or jurisdiction in order to qualify the Securities under the
Blue Sky or securities laws thereof, or the omission to state therein a material
fact  required to be stated therein or necessary to make the statements therein,
under  the  circumstances  under which they were made, not misleading, all as of
the  date  of  the  Offering  Documents or of such amendment as the case may be;
PROVIDED  HOWEVER,  that  the  indemnity agreement contained in this Section 6.1
shall  not  apply  to  amount paid in settlement of any such litigation, if such
settlements  are  made without the consent of the Company, nor shall it apply to

                                        8
<PAGE>
Agent's  Indemnitees  in  respect  to  any  such  losses,  claims,  damages,  or
liabilities  arising  out  of or based upon any such untrue statement or alleged
untrue  statement or any such omission or alleged omission, if such statement or
omission  was  made  in  reliance  upon  information furnished in writing to the
Company  by Agent specifically for use in connection with the preparation of the
Offering  Documents  or  any  such  amendment  or  supplement  thereto  or  any
application  or  other  document  filed in any state or jurisdiction in order to
qualify  the  Securities  under  the  Blue  Sky or securities law thereof.  This
indemnity  agreement is in addition to any other liability which the Company may
otherwise  have  to  Agent's Indemnitees.  Agent's Indemnitees agree, within ten
(10) days after the receipt by them of written notice of the commencement of any
action against them in respect to which indemnity may be sought from the Company
under  this Section 6.1, to notify the Company in writing of the commencement of
such action; PROVIDED HOWEVER, that the failure of Agent's Indemnitees to notify
the  Company of any such action shall not relieve the Company from any liability
which  it  may have to Agent's Indemnitees on account of the indemnity agreement
contained  in  this  Section 6.1, and further shall not relieve the Company from
any  other  liability  which  it may have to Agent's Indemnitees, and if Agent's
Indemnitees  shall  notify  the Company of the commencement thereof, the Company
shall  be  entitled to participate in (and, to the extent that the Company shall
wish,  to direct) the defense thereof at its own expense, but such defense shall
be  conducted  by  counsel of recognized standing and reasonably satisfactory to
Agent's  Indemnitees,  defendant or defendants, in such litigation.  The Company
agrees  to  notify  Agent's  Indemnitees  promptly  of  the  commencement of any
litigation  or  proceedings against the Company or any of the Company's officers
or  directors  of  which the Company may be advised in connection with the issue
and  sale  of  any  of  the Securities and to furnish to Agent's Indemnitees, at
their  request,  to  provide  copies  of all pleadings therein and to permit the
Company's Indemnitees to be observers therein and apprise Agent's Indemnitees of
all  developments  therein,  all  at  the  Company's  expense.

     SECTION  6.2     INDEMNIFICATION  OF  COMPANY.

     Agent  agrees,  in  the  same manner and to the same extent as set forth in
Section 6.1 above, to indemnify and hold harmless the Company, and the Company's
and  Company's  employees,  accountants,  attorneys,  and agents (the "COMPANY'S
INDEMNITEES") with respect to (a) any statement in or omission from the Offering
Documents  or  any  amendment  or supplement thereto or any application or other
document  filed  in any state or jurisdiction in order to qualify the Securities
under  the  Blue  Sky  or  securities laws thereof, or any information furnished
pursuant  to  Section  2.2  hereof,  if  such  statement or omission was made in
reliance  upon  information  furnished in writing to the Company by Agent on its
behalf  specifically  for  use  in  connection  with  the preparation thereof or
supplement thereto, or (b) any untrue statement of a material fact made by Agent
or its agents not based on statements in the Offering Documents or authorized in
writing  by  the  Company,  or  with respect to any misleading statement made by
Agent  or  its  agents  resulting  from  the  omission  of  material facts which
misleading  statement  is  not based upon the Offering Documents, or information
furnished  in  writing  by the Company or, (c) any breach of any representation,
warranty,  or  covenant  made  by  Agent  in  this Agreement.  Agent's liability
hereunder  shall  be limited to the amount received by it for acting as Agent in
connection  with  the  Offerings.  Agent shall not be liable for amounts paid in
settlement  of  any  such litigation if such settlement was effected without its
consent.  In  case  of  the  commencement  of  any  action  in  respect of which
indemnity  may  be  sought  from Agent, the Company's Indemnitees shall have the
same obligation to give notice as set forth in Section 6.1 above, subject to the
same  loss  of  indemnity in the event such notice is not given, and Agent shall
have the same right to participate in (and, to the extent that it shall wish, to
direct) the defense of such action at its own expense, but such defense shall be
conducted  by  counsel  of  recognized  standing  reasonably satisfactory to the
Company.  Agent  agrees  to  notify  the  Company's  Indemnitees  and,  at their
request,  to provide copies of all pleadings therein and to permit the Company's
Indemnitees  to  be  observers  therein and apprise them of all the developments
therein,  all  at  Agent's  expense.

                                        9
<PAGE>
                           SECTION 7.     TERMINATION.

     SECTION  7.1     TERMINATION  BY  AGENT.

     This  Agreement may be terminated at any time during the Offering Period by
Agent by written notice to the Company, if the Company shall have failed or been
unable  to  comply  with  any  of  the  terms,  conditions, or provisions of the
Transaction  Agreements  to  be  performed,  complied  with, or fulfilled by the
Company  within  the  respective  times,  if  any,  herein  provided for, unless
compliance  therewith  or  performance  or  satisfaction thereof shall have been
expressly  waived  by  Agent  in  writing.

     SECTION  7.2     TERMINATION  BY  COMPANY.

     This  Agreement  may  be terminated by the Company at the conclusion of the
Offering  Period by notice to Agent if Agent shall have failed or been unable to
comply  with any of the terms, conditions, or provisions of this Agreement to be
performed,  complied with, or fulfilled by Agent within the respective times, if
any,  herein  provided  for,  unless  compliance  therewith  or  performance  or
satisfaction thereof shall have been expressly waived by the Company in writing.

     SECTION  7.3     TERMINATION  FOR  FORCE  MAJEURE  EVENTS.

     This  Agreement  may be terminated by Agent by notice to the Company at any
time,  if,  in  the  reasonable,  good  faith judgment of Agent, payment for and
delivery  of  the  Securities  is rendered impracticable or inadvisable because:
(a) additional material governmental restrictions not in force and effect on the
date  hereof shall have been imposed upon trading in securities generally; (b) a
war  or other national calamity shall have occurred; or (c) the condition of the
market  (either  generally or with reference to the sale of the Securities to be
offered  hereby)  or  the  condition  of any matter affecting the Company or any
other  circumstance  is  such  that  it  would  be undesirable, impracticable or
inadvisable,  in  the  judgment of Agent, to proceed with this Agreement or with
the  Offering.

     SECTION  7.4     TERMINATION  WITHOUT  LIABILITY.

     Any  termination  of  this  Agreement  pursuant  to this Section 7 shall be
without  liability  of  any  character  (including,  but not limited to, loss of
anticipated  profits or consequential damages) on the part of any party thereto,
except  that  the  Company  shall remain obligated to pay the costs and expenses
provided to be paid by it specified in Sections 1.3 and 5.2, and the Company and
Agent  shall  be obligated to pay, respectively, all losses, claims, damages, or
liabilities,  joint or several, under Section 6.1 in the case of the Company and
Section  6.2  in  the  case  of  Agent.

                          SECTION 8.     MISCELLANEOUS.

     SECTION  8.1     NOTICES.

     Whenever  notice  is  required  by  the  provisions of this Agreement to be
given,  such  notice  shall  be  in  writing,  addressed:

               If  to  Company:

                         The  Tracker  Corporation  of  America,  Inc.
                         180  Dundas  Street  West,  26th  Floor
                         Toronto,  Ontario
                         Canada  M5G  1Z8
                         Attn:  Jay  S.  Stulberg,  President
                         Telephone:  (416)  593-2604
                         Facsimile:   (416)  ___-____

               with  a  copy  (which  shall  not  constitute  notice)  to:

                                       10
<PAGE>
                         Arkin  Merolla  LLP
                         3490  Piedmont  Road,  Suite  302
                         Atlanta,  Georgia  30305
                         Robert  Arkin,  Esq.
                         Tel:  404-467-5244
                         Fax:  404-467-5249

                    If  to  Agent:

                         Sovereign  Capital  Advisors,  LLC
                         3340  Peachtree  Road,  N.E.
                         Suite  1965
                         Atlanta,  Georgia  30326
                         Attention:  Don  Odom
                         Tel:  (404)  814-3737
                         Fax:  (404)  812-3738

                    With  a  copy  (which  shall  not  constitute  notice)  to:

                         Balboni  Law  Group  LLC
                         3475  Lenox  Road
                         Suite  990
                         Atlanta,  Georgia  30326
                         Attention:  Gerardo  M.  Balboni  II,  Esq.
                         Tel:  (404)  812-3100
                         Fax:  (404)  812-3101

8.2     BENEFIT.

     This  Agreement  is  made  solely for the benefit of Agent and the Company,
their  respective  officers and directors and any controlling person referred to
in  Section  15  of  the Act and their respective successors and assigns, and no
other person may acquire or have any right under or by virtue of this Agreement,
including,  without  limitation,  the  holders  of  any  Securities.  The  term
"SUCCESSOR" or the term "SUCCESSORS AND ASSIGNS" as used in this Agreement shall
not  include  any  purchasers,  as  such,  of  any  of  the  Securities.

     8.3     SURVIVAL.

     The  respective  indemnities,  agreements,  representations,  warranties,
covenants  and  other  statements  of  the  Company  and Agent, or the officers,
directors  or  controlling  persons  of the Company and Agent as set forth in or
made  pursuant to this Agreement and the indemnity agreements of the Company and
Agent  contained  in Section 6 hereof shall survive and remain in full force and
effect,  regardless of (a) any investigation made by or on behalf of the Company
or  Agent  or any such officer, director or controlling person of the Company or
of  Agent;  (b)  delivery  of  or payment for the Securities; or (c) the Closing
Date,  and  any  successor  of  the  Company or Agent or any controlling person,
officer  or  director  thereof,  as  the  case  may be, shall be entitled to the
benefits  hereof.

     8.4     GOVERNING  LAW.

     The  validity,  interpretation,  and construction of this Agreement will be
governed by the laws of the State of Georgia. Any dispute or controversy between
the  parties  arising  in  connection  with this Agreement or the subject matter
contemplated  by  this  Agreement  shall  be  resolved  by  arbitration before a
three-member  panel  of  the American Arbitration Association in accordance with
the  commercial arbitration rules of said forum and the Federal Arbitration Act,
9  U.S.C.  1 et seq., with the resulting award being final and conclusive.  Said
             -- ---
arbitrators shall be empowered to award all forms of relief and damaged claimed,

                                       11
<PAGE>
including,  but  not  limited  to,  attorney's  fees, expenses of litigation and
arbitration,  exemplary  damages, and prejudgment interest.  The parties further
agree  that  any  arbitration  action  between  them  shall be heard in Atlanta,
Georgia,  and  expressly  consent  to the jurisdiction and venue of the Superior
Court  of  Fulton  County, Georgia, and the United States District Court for the
Northern District of Georgia, Atlanta Division for the adjudication of any civil
action  asserted  pursuant  to  this  Paragraph.

     8.5     COUNTERPARTS.

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

     8.6     CONFIDENTIAL  INFORMATION.

     All  confidential  financial  or  business  information  (except  publicly
available  or  freely  usable  material  otherwise obtained from another source)
respecting  either  party  will  be used solely by the other party in connection
with  the  within  transactions, be revealed only to employees or contractors of
such  other  party who are necessary to the conduct of such transactions, and be
otherwise  held  in  strict  confidence.

     8.7     PUBLIC  ANNOUNCEMENTS.

     Prior  to  the  Closing  Date,  neither  party hereto will issue any public
announcement  concerning  the  within  transactions  without the approval of the
other  party.

     8.8     FINDERS.

     The  parties acknowledge that no person has acted as a finder in connection
with  the  transactions contemplated herein and each will agree to indemnify the
other  with respect to any other claim for a finder's fee in connection with the
Offering.

     8.9     RECITALS.

     The recitals to this Agreement are a material part hereof, and each recital
is  incorporated  into  this  Agreement  by  reference  and  made  apart of this
Agreement.

     IN  WITNESS  WHEREOF, the parties hereto have duly caused this Agreement to
be  executed  as  of  the  day  and  year  first  above  written.

                    [Signatures begin on the following page]

                                       12
<PAGE>
                             COMPANY SIGNATURE PAGE
                                       TO
                            PLACEMENT AGENT AGREEMENT

                         THE  COMPANY:

                         THE  TRACKER  CORPORATION  OF  AMERICA,  INC.

                         By:  /s/  Jay  S.  Stulberg
                              -----------------------------
                              Jay  S.  Stulberg,  President

                                       13
<PAGE>
                              AGENT SIGNATURE PAGE
                                       TO
                            PLACEMENT AGENT AGREEMENT

                         AGENT:

                         SOVEREIGN  CAPITAL  ADVISORS,  LLC

                         By:
                              ---------------
                              Don  Odom

                         By:  /s/  Paul  Hamm
                              ---------------
                              Paul  Hamm

                                       14
<PAGE>CO-BRANDED FREE ISP AGREEMENT

This CO-BRANDED FREE ISP AGREEMENT (the "Agreement") is made and entered into as
of  November  30,  1999  by  and between Spin Media Network, Inc. ("Spinway"), a
California Corporation, having its principal place of business at 925 Commercial
Street,  Palo  Alto,  California  94303  and Nettaxi, Inc. ("Nettaxi"), a Nevada
corporation,  with  offices  at  1696  Dell  Avenue,  Campbell,  CA  95008.

                                    PREAMBLE

     WHEREAS,  Nettaxi  owns  and  operates  a  Website,  located  at
http://www.Nettaxi.com;

     WHEREAS, Spinway is an advertising solution and  co-branded  free  Internet
ServiceProvider ("ISP") who owns and  operates  a  service that allows consumers
To receive  free  access  to  the  Internet  (the  "Spinway  Service");

     WHEREAS,  Nettaxi and Spinway will offer Nettaxi's users the ability to use
The Internet  for  free;

     NOW,  THEREFORE, Nettaxi and Spinway hereby agree, for and in consideration
Of the mutual covenants set  forth  herein  and  for  other  good  and  valuable
consideration,  the  receipt  and  adequacy of which are hereby acknowledged, as
follows:

                                    AGREEMENT

     1.  NETTAXI  OBLIGATIONS

               1.1  Promote  the Spinway Service on  Nettaxi.  Nettaxi  will  in
                    ----------------------------------------
good  faith actively and affirmatively market and promote the Spinway Service as
set  forth  in  SCHEDULE  A.
                -----------

               1.2  Use of Spinway Service. Nettaxi agrees to  use  the  Spinway
                   -----------------------
Service  only  for  the benefit of Nettaxi's users and shall not make use of the
Spinway  Service  for  any  other  purpose.

     2.  SPINWAY  OBLIGATIONS

               2.1  Provide Nationwide Access. Spinway shall provide  nationwide
                    -------------------------
free  Internet  access  to  users  of  Nettaxi and  to  consumers  that  Spinway
markets  to  in  conformance  with  SCHEDULE  B
                                   ------------

     3.  REVENUE  SHARE

               3.1  Revenue.  The  sharing of advertising revenue shall  be  as
                    -------
set  forth  in  SCHEDULE  A.
                -----------

     4.  TRADEMARK  LICENSES  AND  RESTRICTIONS

               4.1  License Grants. During the  term  of  this  Agreement,  each
                    --------------
party(the "Licensor") grants to the other party (the "Licensee") a nonexclusive,
worldwide  and  nontransferable license (without the right to sublicense) to use
the  trademarks,  images,  text,  symbols,  etc. owned and used by Licensor (the
"Licensor  Marks")  only for the purposes set forth in this Agreement.  Spinway,
as Licensee, may also use Licensor Marks of Nettaxi in connection with Spinway's
marketing  and  promotion  of  the  service  (including  the  preparation  and
distribution  of  printed  materials).  Both  parties'  use of the other's Marks
shall  be  in  compliance  with the other party's trademark usage guidelines, as
amended  from  time to time, a copy of which will be provided promptly following
the  execution  of this Agreement.  Except as set forth herein, no right, title,
license,  or  interest  in  any  Marks  is  intended  to be given to or acquired
by  the execution  of  or  the  performance  of  this  Agreement.  Neither party
shall  use  the  Marks  of  the  other  for  any purpose  or  activity except as
expressly  authorized  or  contemplated  herein.  Licensee  acknowledges  that
Licensor  is  the  sole  and  exclusive owner of all trademarks, service  marks,
copyrights  and  other intellectual property of any kind in the Licensor  Marks.
Licensee agrees that (i) it shall do nothing inconsistent  with  such  ownership
either  during  the  term of the Agreement or afterwards; (ii) it shall  take no
action  that  shall interfere with or diminish Licensor's right in the  Licensor
Marks.

               4.2  Quality Assurance and Ownership.  Licensor  shall  have  the
                    -------------------------------
right to review Licensee's use of the Licensor's Marks.  If Licensor disapproves
of  Licensee's  use  of  the Licensor's Marks, Licensor shall notify Licensee in
writing  detailing  Licensor's  concerns.  Licensee  shall  provide  an  edited
specimen  of  Licensee's  use  of such Licensor Marks which addresses Licensor's
concerns  to Licensor for review within thirty (30) days from the date of notice
from  Licensor.  Each party, as Licensee, acknowledges that Licensor is the sole
and exclusive owner of the Licensor Marks and that Licensees use of the Licensor
Marks  will  not  create  any right, title or interest in such Licensor Marks in
Licensee.  Except  as prohibited by law, Licensee agrees that it will do nothing
inconsistent  with  such  ownership, either during the term of this Agreement or
afterwards.  Licensee  agrees  that its use of the Licensor Marks shall inure to
the  benefit  of  and be on behalf of Licensor.  Licensee shall use the Licensor
Marks  so  that  they  create  a separate and distinct impression from any other
trademark that may be used or affixed to materials bearing the Licensor Marks or
used  in  connection  with  services  provided  under  the  Licensor  Marks.

     5.  PROPRIETARY  RIGHTS

               5.1  Ownership.  Spinway  is and shall remain  the  owner  of all
                    ---------
Intellectual  Property  rights  in  and  to the Spinway Service.  Nettaxi is and
shall  remain  the  owner  of  its  customer  list  and Nettaxi's World Wide Web
property,  including  but not limited to ownership of all copyrights, images and
other  intellectual  property  rights  therein.

               5.2  Reservation  of  Rights.  Each  party  reserves  all  rights
                    ------------------------
not  otherwise  granted in this Agreement.  Nettaxi acknowledges and agrees that
nothing  in this Agreement shall be construed to grant Nettaxi any rights in and
to  the  Spinway  Service.  Spinway acknowledges and agrees that nothing in this
Agreement  shall  be construed to grant Spinway any rights in and to the Nettaxi
Site.

     6.  CONFIDENTIALITY

               6.1  Confidential  Information.  Each  party  to  this Agreement
                    --------------------------
treat  as  confidential  all  material  non-public  information  (collectively
"Confidential  Information").  Neither  party  shall  use  such  Confidential
Information  except  as  set  forth  herein,  and shall not divulge, disclose or
discuss  such  Confidential  Information  with any third party without the prior
written  consent  of  an  authorized representative of the other party.  Without
limiting  the  foregoing, each of the parties shall use at least the same degree
of  care  that it uses to prevent disclosure of its own confidential information
of  like  importance.  The  above obligations of confidentiality hereunder shall
not  apply  to any communication or information that:  (a) was publicly known at
the  time  of its receipt or has become publicly known other than by a breach of
this Agreement,  (b)  was  already  known  or  independently  developed  without
obligation to keep it confidential, at the time of its receipt, (c) was received
in  good  faith  from a third party lawfully in possession thereof and having no

<PAGE>
obligation  to  keep  such  communication or information confidential, or (d) is
required to be disclosed under operation of law or governmental process. Neither
party  shall  use  any  Confidential  Information for any purpose other than the
performance  of  this  Agreement

               6.2  Upon  the  expiration  or termination of this Agreement, all
Confidential  Information  (i) shall be returned to the disclosing party or (ii)
the  recipient  shall  execute  a  written  certification  that all confidential
information  has  been  destroyed.

               6.3  The parties agree that the breach  of any of the obligations
contained  in  this  section  6  is a material breach of this Agreement that may
cause  irreparable  harm  to  the  nonbreaching  party justifying both legal and
equitable  relief.

     7.  WARRANTIES

               7.1  Mutual  Representations.  Each  party  hereby represents and
                    -----------------------
warrants  to  the  other  party  that neither its performance of its obligations
under  this  Agreement nor the other party's exercise of the licenses granted to
the  other  party  in  this  Agreement  infringes upon the Intellectual Property
rights of any person or entity. Spinway hereby represents and warrants that it's
services  will  conform  to  any  specifications  provided  herein.

               7.2  Disclaimer.  EXCEPT  FOR  THE  WARRANTIES SET FORTH IN  THIS
                    ----------
SECTION,NEITHER  PARTY MAKES ANY OTHER WARRANTY, EXPRESS OR IMPLIED TO THE OTHER
PARTY.EACH  PARTY HEREBY DISCLAIMS THE IMPLIED WARRANTIES OF NON-INFRINGEMENT OF
THIRDPARTY  RIGHTS,  MERCHANTABILITY  AND  FITNESS  FOR  A  PARTICULAR  PURPOSE.

     8.  LIMITATION OF LIABILITY.  EXCEPT FOR LIABILITY ARISING UNDER SECTION 6-
  ("CONFIDENTIALITY")  OR  SECTION  9-  ("INDEMNIFICATION"),  IN  NO EVENT SHALL
EITHER  PARTY  BE  LIABLE  TO  OTHER  PARTY  FOR  ANY INCIDENTAL, CONSEQUENTIAL,
SPECIAL, OR PUNITIVE DAMAGES (INCLUDING WITHOUT LIMITATION LOST PROFITS) ARISING
OUT OF THIS AGREEMENT (WHETHER FOR BREACH OF CONTRACT, TORT, STRICT LIABILITY OR
NEGLIGENCE)  OR  ITS TERMINATION AND IRRESPECTIVE OF WHETHER SUCH PARTY HAS BEEN
ADVISED  OF  THE  POSSIBILITY  OF  ANY  SUCH  LOSS  OR  DAMAGE.

     9.  INDEMNIFICATION

               9.1  IP  Indemnification  by  Nettaxi.  Nettaxi  will  defend,
                    ---------------------------------
indemnify  and  hold  Spinway  harmless  against  any  liabilities, obligations,
claims,  costs,  reasonable  expenses, whether direct, indirect or consequential
(including  without  limitation  interest,  penalties  and reasonable attorney's
fees),  fines, taxes, levies, imposts, assessment, demands, damages or judgments
of  any kind or nature (including without limitation administrative and judicial
orders  and  consents,  stipulations  and  other  forms  of  resolution  of
administrative  or judicial action) that Nettaxi infringes a copyright or patent
or  other  intellectual  property  right  of any third party, provided that: (a)
Spinway  promptly  notifies Nettaxi in writing of the claim and (b)  Nettaxi has
sole  control  of  the defense and all related settlement negotiations.  Nettaxi
will reimburse Spinway's reasonable out-of-pocket expenses incurred in providing
any  assistance  to  Nettaxi  under  this  Section.

               9.2  IP  Indemnification  by  Spinway.  Spinway  will  defend,
                    ---------------------------------
indemnify  and  hold  Provider  harmless  against  any liabilities, obligations,
claims,  costs, demands, damages or judgments that Spinway's Service infringes a
copyright  or  patent  or  other intellectual property right of any third party,
provided that: (a) Nettaxi promptly notifies Spinway in writing of the claim and
(b)  Spinway  has  sole  control  of  the  defense  and  all  related settlement
negotiations.  Spinway  will  reimburse  Nettaxi's  reasonable  out-of-pocket
expenses  incurred  in  providing  any assistance to Spinway under this Section.

               9.3  Mutual  Indemnification.  The  parties  hereby  agree  to
                    ------------------------
indemnify  and  hold  the other party harmless from any and all liability, cost,
and expense, including reasonable outside attorney's fees, which the parties may
suffer  or  incur by reason of the other party's breach of any of it warranties,
representations  and  agreements  hereunder.

     10.  TERM  AND  TERMINATION

               10.1  Term.  This Agreement shall be effective from the Effective
                     ----
Date and shall continue in effect for twenty-four (24) months from the Effective
Date  unless  this Agreement is terminated in accordance with the provisions set
forth  below.   This Agreement shall automatically renew for successive one-year
terms  unless  (a)  either  party  provides  the  other  party written notice of
termination at least sixty (60) days prior to the expiration of the then current
term  of  (b)  terminated in accordance with Section 10.2.  The initial term and
all  renewal terms are collectively referred to in this Agreement as the "Term."
                                                                          ----

               10.2  Termination for Cause.  If  either  party  is  in  material
                     ---------------------
breach ofthe  terms of this Agreement, the non-breaching party may give  written
notice  of  such  breach  to  the breaching party and an opportunity to cure the
breach withinthirty (30) days.  If such breach is not cured within  such  thirty
(30)  day  period,  the  non-breaching  party  may  immediately  terminate  this
Agreement by subsequent  written  notice  to  the  party  in  breach.

               10.3  Survival.  The  following  Sections  shall  survive  the
                     --------
termination  or expiration of this Agreement: Sections 5 ("Proprietary Rights"),
6  ("Confidentiality"), 8 ("Limitation of Liability"), 9 ("Indemnification"), 10
("Term  and  Termination"),  and  11  ("Miscellaneous").

               10.4  Customer  Disposition  in  the  event  of Termination. Upon
                     ------------------------------------------------------
termination,  Spinway  and  Nettaxi  shall  compete for the ISP service for each
individual  customer.  Spinway  agrees  that  they will not provide the customer
list  generated  from  this agreement to any competitive party of Nettaxi or any
party  wishing to solicit community based services or community based membership
in  connection with Nettaxi.  Spinway's ISP services and agrees that their offer
will not include any services competitive to Nettaxi.  In the event that Spinway
terminates  this Agreement for reasons other than cause at the conclusion of the
initial  twenty-four  (24)  month term, Spinway agrees that it will be bound  by
the revenue share set forth in Section 6 of Schedule A for the twelve (12) month
period  following Spinway's termination for the users on the Service at the time
of  Spinway's  termination.

     11.  MISCELLANEOUS

               11.1  (a)  NOTICES.  All  notices,  communications  or statements
given,  required  or  permitted  to  be  given  under this Agreement shall be in
writing  and  deemed  to  have  been  sufficiently  given when sent by overnight
express  delivery,  delivered in person or by confirmed telecopy to be follow-up
by an original copy, or by registered or certified mail, postage prepaid, return
receipt  requested,  to  the  address of the respective parties set forth in the
first  paragraph  of this Agreement or such successor address as the parties may

<PAGE>
designate  in  writing.  (b)  RELATIONSHIP.  Spinway and Nettaxi are independent
contractors and neither party is the legal representative, agent, joint venture,
partner,  or  employee  of  the  other  party  for  any purpose whatsoever.  (c)
GOVERNING  LAW  AND  JURISDICTION.  This Agreement shall be governed by, subject
to,  and  construed  in  accordance  with  the  internal  laws  of  the State of
California,  excluding  the  application  of  its  conflict  or  choice  of  law
provisions.  Except  for either party's right to pursue injunctive relief in any
court of competent jurisdiction, any legal action or proceeding relating to this
Agreement  shall  be initiated and resolved in a state or federal court in Santa
Clara County, California.  (d) PREVAILING PARTY.  In any arbitration or judicial
proceeding  between  Spinway  and  Nettaxi  arising  out  of or relating to this
Agreement,  the  prevailing  party  shall  be entitled to recover all reasonable
expenses incurred as a result of the proceeding, including reasonable attorneys'
fees.  (e)  WAIVER  AND SEVERABILITY.  No failure or delay on the part of either
party  in  exercising  any  right  or  remedy hereunder will operate as a waiver
thereof  or  any  other provision.  No provision of this Agreement may be waived
except in a writing signed by the party granting such waiver.  In the event that
any  provision  of  this  Agreement  is  unenforceable  or  invalid  such
unenforceability  or  invalidity will not render this Agreement unenforceable or
invalid as a whole. (f) ASSIGNMENT.  In the event that either party merges or is
acquired  by  another  company,  the  terms  and  contractual obligations of the
parties  to  this Agreement shall remain in effect.  Absent of change of control
or  ownership,  neither  this  Agreement  nor  any rights or obligations in this
Agreement may be assigned or delegated by either Party without the prior written
consent  of the other Party, which consent shall not be unreasonably withheld or
delayed.  (g)  HEADINGS.  The section headings in this Agreement are inserted as
a  matter  of  convenience and in no way define, limit, or describe the scope of
extent  of  such  section,  or affect the interpretation of this Agreement.  (h)
COUNTERPARTS.  This  Agreement  may  be  executed  in counterparts, all of which
taken  together  shall  constitute  one  single  agreement  between the parties.

               11.2  Entire  Agreement.  This  Agreement  and the SCHEDULE A AND
                     -----------------                            --------------
SCHEDULE  B  attached  hereto,  which  are  hereby  incorporated  by  reference,
-----------
constitutes the entire agreement between the parties with respect to the subject
matter  hereof.  This  Agreement  supersedes,  and  the  terms of this Agreement
govern,  any  prior  or  collateral  agreements,  whether  oral or written, with
respect  to  the  subject  matter  hereof  with  the  exception  of  any  prior
confidentiality  agreements  between  the  parties.  This  Agreement may only be
amended or modified by mutual agreement of authorized representatives of parties
in  writing.

     12.  DEFINITIONS

               12.1  "Intellectual  Property"  means copyright rights, trademark
rights, patent rights, trade secrets, moral rights, right of publicity, authors'
rights,  contract  and  licensing  rights,  goodwill  and all other intellectual
property  rights  as may exist now and/or hereafter come into existence, and all
renewals  and  extensions thereof, regardless of whether such rights arise under
the  law  of  the  United  States  or  any other state, country or jurisdiction.

               12.2  "Link" means a hypertext link directly between sites on the
World  Wide Web, which may be initiated by clicking an icon, logo, button, image
or  text.

<PAGE>
IN WITNESS WHEREOF, authorized representatives of the parties have executed this
Agreement  as  of  the  Effective  Date  set  forth  below.
"NETTAXI":  NETTAXI,  INC.                   "SPINWAY": SPIN MEDIA NETWORK, INC.
By:   /s/                                    By:   /s/
     ------------------------------              -------------------------------
Name:   /s/                                  Name:   /s/
       ----------------------------                -----------------------------
Title:   /s/                                 Title:   /s/
        ---------------------------                 ----------------------------
Address:                                     Contact:
        ---------------------------                  ---------------------------
Contact:                                     Effective  Date:
        ---------------------------                          -------------------

<PAGE>

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