Document:

EXHIBIT 4.6

                                 PROMISSORY NOTE

$14,400.97                                                Date:  March 13, 2000

For value received, the undersigned  MariCulture Systems, Inc. (the "Borrower"),
at PO Box 968, Lake Stevens, Washington 98258-0968, promises to pay to the order
of Elaine  Louise  Meilahn,  (the  "Lender"),  at 7219 196th  Street  SW,  #C-3,
Lynnwood,  Washington  98036-4402,  (or at such  other  place as the  Lender may
designate in writing) the sum of $16,000.97 with interest calculated  separately
on the unpaid principal of each individual loan dating from each individual date
of inception, at the rate of 12.00% per annum.

The  individual  loans  that have  been made to the  Borrower  are  itemized  as
follows:

         $1,500.00 on 02/12/95.
         $2,765.00 on 11/17/97.
         $2,000.00 on 11/26/97.
         $   660.00 on 02/23/98.
         $2,475.97 on 03/10/98.
         $2,000.00 on 01/04/00.
         $3,000.00 on 01/28/00.

The unpaid principal and accrued interest shall be payable in full on any future
date on which the Lender demands repayment (the "Due Date").

All payments on this Note shall be applied first in payment of accrued  interest
and any remainder in payment of principal.

The Borrower  reserves the right to prepay this Note (in whole or in part) prior
to the Due Date with no prepayment penalty.

If any payment  obligation  under this Note is not paid when due,  the  Borrower
promises to pay all costs of  collection,  including  reasonable  attorney fees,
whether or not a lawsuit is commenced as part of the collection process.

If any  one or  more  of the  provisions  of  this  Note  are  determined  to be
unenforceable,  in whole or in part,  for any reason,  the remaining  provisions
shall remain fully operative.

All payments of  principal  and interest on this Note shall be paid in the legal
currency of the United  States.  The Borrower  waives  presentment  for payment,
protest, and notice of protest and nonpayment of this Note.

No renewal or extension of this Note, delay in enforcing any right of the Lender
under this Note, or assignment by Lender of this Note shall affect the liability
or the obligations of the Borrower. All rights of the Lender under this Note are
cumulative and may be exercised  concurrently or  consecutively  at the Lender's
option.

This  Note  shall be  construed  in  accordance  with  the laws of the  State of
Washington.

Signed this 28th day of August, 2000, at Lake Stevens, Washington, 98258.

Borrower:
MariCulture Systems, Inc.

/s/ David E. Meilahn
------------------------------------------
By: David E. Meilahn, its PresidentEXHIBIT 4.7

                                 PROMISSORY NOTE

$21,970.00                                              Date:  March 13, 2000

For value received, the undersigned  MariCulture Systems, Inc. (the "Borrower"),
at PO Box 968, Lake Stevens, Washington 98258-0968, promises to pay to the order
of David Earl Meilahn, (the "Lender"),  at 7219 196th Street SW, #C-3, Lynnwood,
Washington  98036-4402,  (or at such other place as the Lender may  designate in
writing) the sum of $21,970.00 with interest calculated separately on the unpaid
principal of each individual loan dating from each individual date of inception,
at the rate of 12.00% per annum.

The individual  loans and the dates that they have been made to the Borrower are
itemized as follows:

         $1,510.00 on 02/22/95.                      $1,000.00 on 12/02/98.
         $5,000.00 on 09/01/95.                      $1,000.00 on 03/15/99.
         $1,510.00 on 09/27/95.                      $  500.00 on 05/06/99.
         $1,000.00 on 10/11/95.                      $  250.00 on 07/17/99.
         $2,000.00 on 10/27/95.                      $3,000.00 on 08/11/99.
         $1,500.00 on 12/07/95.                      $2,000.00 on 09/02/99.
         $  500.00 on 12/09/95.                      $1,200.00 on 10/19/99.

The unpaid principal and accrued interest shall be payable in full on any future
date on which the Lender demands repayment (the "Due Date").

All payments on this Note shall be applied first in payment of accrued  interest
and any remainder in payment of principal.

The Borrower  reserves the right to prepay this Note (in whole or in part) prior
to the Due Date with no prepayment penalty.

If any payment  obligation  under this Note is not paid when due,  the  Borrower
promises to pay all costs of  collection,  including  reasonable  attorney fees,
whether or not a lawsuit is commenced as part of the collection process.

If any  one or  more  of the  provisions  of  this  Note  are  determined  to be
unenforceable,  in whole or in part,  for any reason,  the remaining  provisions
shall remain fully operative.

All payments of  principal  and interest on this Note shall be paid in the legal
currency of the United  States.  The Borrower  waives  presentment  for payment,
protest, and notice of protest and nonpayment of this Note.

No renewal or extension of this Note, delay in enforcing any right of the Lender
under this Note, or assignment by Lender of this Note shall affect the liability
or the obligations of the Borrower. All rights of the Lender under this Note are
cumulative and may be exercised  concurrently or  consecutively  at the Lender's
option.

This  Note  shall be  construed  in  accordance  with  the laws of the  State of
Washington.

Signed this 28th day of August, 2000, at Lake Stevens, Washington, 98258.

Borrower:
MariCulture Systems, Inc.

/s/ David E. Meilahn
------------------------------------------
By: David E. Meilahn, its PresidentEXHIBIT 4.8
                                 PROMISSORY NOTE

$ 10,600.00                                               Date: August 28, 2000

For  value  received,  the  undersigned  MariCulture  Systems,  Inc.,  a Florida
Corporation, (hereinafter the "Borrower"), at Post Office Box 968, Lake Stevens,
Washington  98258-0968,  promises to pay to the order of Elaine Louise  Meilahn,
(the "Lender"),  at 7219 196th Street SW, Apartment #C-3,  Lynnwood,  Washington
98036-4402,  (or at such other place as the Lender may designate in writing) the
sum of $10,600.00 with interest calculated separately on the unpaid principle of
each individual loan dating from each individual date of inception,  at the rate
of Twelve percent (12%) per annum.

The  individual  loans  that have  been made to the  Borrower  are  itemized  as
follows:

$ 600.00 on 03/20/2000      $5,000.00 on 06/01/2000     $5,000.00 on 08/28/2000

The unpaid principal and accrued interest shall be payable, in whole or in part,
on demand on any future  date at which the Lender  demands  repayment  (the "Due
Date").

All payments on this Note shall be applied first in payment of accrued  interest
and any remainder in payment of principal.

The Borrower  reserves the right to prepay this Note (in whole or in part) prior
to the Due Date with no prepayment penalty.

If any payment  obligation  under this Note is not paid when due,  the  Borrower
agrees to pay all  costs of  collection,  including  reasonable  attorney  fees,
whether or not a lawsuit is commenced as part of the collection process.

If any  one or  more  of the  provisions  of  this  Note  are  determined  to be
unenforceable,  in whole or in part,  for any reason,  the remaining  provisions
shall remain fully operative.

All payments of  principal  and interest on this Note shall be paid in the legal
currency of the United  States.  The Borrower  waives  presentment  for payment,
protest, and notice of protest and nonpayment of this Note.

No renewal or extension of this Note, delay in enforcing any right of the Lender
under this Note, or assignment by Lender of this Note shall affect the liability
or the obligations of the Borrower. All rights of the Lender under this Note are
cumulative and may be exercised  concurrently or  consecutively  at the Lender's
option.

This  Note  shall be  construed  in  accordance  with  the laws of the  State of
Washington.

Signed this 28th day of August, 2000, at Lake Stevens, Washington, 98258.

Borrower:
MariCulture Systems, Inc.

/s/ David E. Meilahn
------------------------------------------
By: David E. Meilahn, its PresidentEXHIBIT 10.1

THE SECURITIES  WHICH ARE THE SUBJECT OF THIS AGREEMENT HAVE NOT BEEN REGISTERED
UNDER TH SECURITIES ACT OF 1933 9THE "1933 ACT"), NOR REGISTERED UNDER ANY STATE
SECURITIES LAW, AND ARE "RESTRICTED  SECURITIES" AS THAT TERM IS DEFINED IN RULE
144 UNDER THE 1933 ACT.  THE  SECURITIES  MAY NOT BE OFFERED  FOR SALE,  SOLD OR
OTHERWISE  TRANSFERRED  EXCEPT PURSUANT TO AN EFFECTIVE  REGISTRATION  STATEMENT
UNDER THE 1933 ACT, OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE 1933
ACT, THE  AVAILABILITY OF WHICH IS TO BE ESTABLISHED TO THE  SATISFACTION OF THE
COMPANY.

                       AGREEMENT FOR THE EXCHANGE OF STOCK

         AGREEMENT  made  this  23rd  day  of  August,   1996,  by  and  between
MARICULTURE  SYSTEMS,  INC.,  a  Florida  corporation,  (the  "ISSUER")  and the
individuals  listed in Exhibit A attached hereto,  (the  "SHAREHOLDERS"),  which
SHAREHOLDERS  own  all of the  issued  and  outstanding  shares  of  MARICULTURE
SYSTEMS, INC., a Washington corporation, ("MSI").

         In consideration of the mutual promises, covenants, and representations
contained herein, and other good and valuable consideration,

         THE PARTIES HERETO AGREE AS FOLLOWS:

         1. EXCHANGE OF SECURITIES.  Subject to the terms and conditions of this
Agreement, the ISSUER agrees to issued to SHAREHOLDERS,  8,800,000 shares of the
common stock of ISSUER,  $.001 par value, in exchange for 100% of the issued and
outstanding  shares of MSI, such that MSI shall become a wholly owned subsidiary
of the ISSUER.

         2.  REPRESENTATIONS AND WARRANTIES.   ISSUER represents and warrants to
SHAREHOLDERS and MSI the following:

                  i.  Organization.  ISSUER  is a  corporation  duly  organized,
validly  existing,  and in good standing under the laws of Florida,  and has all
necessary  corporate  powers to own properties  and carry on a business,  and is
duly  qualified to do business and is in good  standing in Florida.  All actions
taken by the ISSUER have been valid and in accordance with the laws of the State
of Florida.

                  ii. Capital The authorized capital stock of ISSUER consists of
20,000,000  shares of common stock,  $0.001 part value,  of which  1,200,000 are
issued and  outstanding,  and  1,000,000  shares of preferred  stock,  par value
$.001, none of which are issued.  All outstanding  shares are fully paid and non
assessable,  free of  liens,  encumbrance,  options,  restrictions  and legal or
equitable rights of others not a part to this Agreement.  At closing, there will
be  no  outstanding  subscriptions,   options,  rights,  warrants,   convertible
securities,  or other agreements or commitments obligating ISSUER to issue or to
transfer from treasury any additional  shares of its capital stock.  None of the
outstanding  shares of ISSUER are subject to any stock  restriction  agreements.
All of the  shareholders  of ISSUER have valid title to such shares and acquired
their shares in a lawful transaction and in accordance with the laws of Florida.

               iii. Financial  Statements.  Exhibit B to this Agreement includes
the balance sheet of ISSUER as of August 31, 1996, and the related statements of
income and retained earnings for the period then ended. The financial statements
have been prepared in accordance with generally accepted  accounting  principles
consistently followed by ISSUER throughout the periods indicated,

<PAGE>

and  fairly  present  the  financial  position  of  ISSUER as of the date of the
balance sheet in the financial statements, and the results of its operations for
the periods indicated.

                  iv.      Absence of Changes.   Since the date of the financial
statements,  there  has not  been  any  change  in the  financial  condition  or
operations of ISSUER,  except changes in the ordinary course of business,  which
changes have not in the aggregate been materially adverse.

                  v. Liabilities.  ISSUER does not have any debt, liability,  or
obligation of any nature, whether accrued,  absolute,  contingent, or otherwise,
and  whether  due or to  become  due,  that  is not  reflected  on the  ISSUERS'
financial statement.  ISSUER is not aware of any pending, threatened or asserted
claims, lawsuits or contingencies involving ISSUER or its common stock. There is
no dispute of any kind between  ISSUER and any third party,  and no such dispute
will exist at the closing of this  Agreement.  At  closing,  ISSUER will be free
from any and all liabilities, liesn, claims and/or commitments.

                  vi.  Ability to Carry Out  Obligations.  ISSUER has the right,
power,  and  authority  to enter into and  perform  its  obligations  under this
Agreement.  The  execution  and  delivery  of this  Agreement  by ISSUER and the
performance by ISSUER of its obligations  hereunder will not cause,  constitute,
or  conflict  with  or  result  in (a) any  breach  or  violation  or any of the
provisions of or constitute a default  under any license,  indenture,  mortgage,
charter,  instrument,  articles of  incorporation,  bylaw, or other agreement or
instrument to which ISSUER or its shareholders are a party, or by which they may
be bound, nor will any consents or  authorizations of any party other than those
hereto be  required,  (b) an event that would  cause  ISSUER to be liable to any
party,  or (c) an event that would result in the creation or  imposition  or any
lien,  charge or  encumbrance  on any asset of ISSUER or upon the  securities of
ISSUER to be acquired by SHAREHOLDERS.

                  vii.  Full  Disclosure.    None  of  the  representations  and
warranties made by the ISSUER, or in any certificate or memorandum  furnished or
to be furnished by the ISSUER,  contains or will contain any untrue statement of
a material  fact,  or omit any  material  fact the  omission  of which  would be
misleading.

                  viii. Contract and Leases.   ISSUER  is not currently carrying
on any  business  and is not a party to any  contract,  agreement  or lease.  No
person holds a power of attorney from ISSUER.

                  ix.  Compliance with Laws.  ISSUER  has complied with,  and is
not in violation of any federal, state, or local statute, law, and/or regulation
pertaining to ISSUER.  ISSUER has complied with all federal and state securities
laws in connection with the issuance, sale and distribution of its securities.

                  x. Litigation.  ISSUER is not (and has not been) a part to any
suit, action,  arbitration,  or legal,  administrative,  or other proceeding, or
pending governmental  investigation.  To the best knowledge of the ISSUER, there
is no basis for any such action or  proceeding  and no such action or proceeding
is  threatened  against  ISSUER and ISSUER is not subject to or in default  with
respect to any order, writ,  injunction or decree of any federal,  state, local,
or foreign court, department, agency, or instrumentality.

                  xi.  Conduct of Business.  Prior to the closing,  ISSUER shall
conduct its business in the normal course,  and shall not (1) sell,  pledge,  or
assign any assets (2) amend its Articles of Incorporation or Bylaws, (3) declare
dividends,  redeem or sell stock or other securities, (4) incur any liabilities,
(5)  acquire or  dispose  of any  assets,  enter  into any  contract,  guarantee
obligations of any third party, or (6) enter into any other transaction.

<PAGE>

                  xii.     Corporate Documents.  Copies of each of the following
documents,  which are true, complete and correct in all material respects,  will
be attached to and made a part of this Agreement:

          1.   Articles of Incorporation;
          2.   Bylaws;
          3.   Minutes of Shareholders Meetings;
          4.   Minutes of Directors Meetings;
          5.   List of Officers and Directors;
          6.   Balance  Sheet  as  of  August  31,  1996,  together  with  other
               financial statements described in Section 2(iii);
          7.   Stock  register  and  stock  records  of  ISSUER  and a  current,
               accurate list of ISSUER's shareholders.

                  xiii.     Documents.  All minutes, consents or other documents
pertaining to ISSUER to be delivered at closing shall be valid and in accordance
with the laws of Florida.

                  xiv. Title.  The Shares to be issued to SHAREHOLDERS  will be,
at closing, free and clear of all liens, security interests,  pledges,  charges,
claims and  encumbrances of any kind. None of such Shares are or will be subject
to any voting  trust or  agreement.  No person holds or has the right to receive
any proxy or similar instrument with respect to such shares,  except as provided
in this  Agreement,  the ISSUER is not a party to any agreement  which offers or
grants to any person the right to purchase or acquire any of the  securities  to
be issued to SHAREHOLDERS.  There is no applicable local,  state or federal law,
rule,  regulation,  or decree  which  would,  as a result of the issuance of the
Shares to SHAREHOLDERS,  impair,  restrict or delay SHAREHOLDERS'  voting rights
with respect to the Shares.

         3.  SHAREHOLDERS and MSI represent and warrant to ISSUER the following:

                  i. Organization.  MSI is a corporation duly organized, validly
existing,  and in  good  standing  under  the  laws of  Washington,  and has all
necessary  corporate  powers to own properties  and carry on a business,  and is
duly qualified to do business and is in good standing in Washington. All actions
taken by the  incorporators,  directors and  shareholders of MSI have been valid
and in accordance with the laws of the State of Washington.

                  ii.   Shareholders and Issued Stock.  Exhibit A annexed hereto
sets forth the names and share holdings of 100% of MSI's shareholders.

                  iii. Listing Stock for Trading. Upon closing, SHAREHOLDERS and
MSI shall take all steps  reasonably  necessary to get the ISSUER's common stock
listed  for  trading  in  NASD  Automated  Bulletin  Board  and  to,  as soon as
practicably possible, have the company listed with Standard & Poors or Moodys in
their Accelerated Corporate Report.

                  iv.  Counsel.  SHAREHOLDERS and MSI represent and warrant that
prior to Closing,  that they are represented by independent  counsel or have had
the  opportunity  to  retain  independent  counsel  to  represent  them  in this
transaction and that prior to Closing, the law offices of Eric P. Liftman,  P.A.
has acted as exclusive counsel tot he ISSUER and has not represented  either the
SHAREHOLDERS or MSI in any manner whatsoever.

         4.  INVESTMENT INTENT. SHAREHOLDERS agrees that the Shares being issued
pursuant  to this  Agreement  may be  sold,  pledged,  assigned  hypothecate  or
otherwise  transferred,  with or  without  consideration  (a  "Transfer"),  only
pursuant to an effective registration statement under the Act, or pursuant to an
exemption from  registration  under the Act, the  availability of which is to be
established to the  satisfaction of ISSUER.  SHAREHOLDERS  agrees,  prior to any
Transfer,

<PAGE>

to give written  notice to ISSUER  expressing  his desire to effect the transfer
and describing the proposed transfer.

         5. CLOSING. The closing of this transaction shall take place at the law
offices of Eric P.Littman,  1428 Brickell  Avenue,  8th Floor,  Miami,  Florida.
Unless the closing of this transaction takes place on or before August 31, 1996,
then either party may terminate this Agreement.

         6.    DOCUMENTS TO BE DELIVERED AT CLOSING.

                  i.       By the ISSUER

                   (1)  Board  of  Directors Minutes authorizing the issuance of
a certificate or certificates  for MARICULTURE  SYSTEMS,  INC.  8,800,00 Shares,
registered in the names of the SHAREHOLDERS  equal to their pro-rata holdings in
MSI.

                   (2) The resignation of all officers of ISSUER.

                   (3) A Board of Directors resolution appointing such person as
SHAREHOLDERS designate as a director(s) of ISSUER.

                   (4) The  resignation  of  all the directors of ISSUER, except
that of SHAREHOLDERS designee, dated subsequent to he resolution described in 3,
above.

                    (5) Unaudited  financial  statements  of ISSUER, which shall
include  a  balance  sheet  dated  as of  August  31,  1996  and  statements  of
operations,  stockholders equity and cash flows for the twelve month period then
ended.

                    (6) All  of  the  business  and corporate records of ISSUER,
including but not limited to correspondence files, bank statements,  checkbooks,
savings account books,  minutes of shareholder and directors meeting,  financial
statements,  checkbooks,  savings  account  books,  minutes of  shareholder  and
directors meetings,  financial statements,  shareholder listings, stock transfer
records, agreements and contracts.

                    (7) Such other minutes of ISSUER's shareholders or directors
as may reasonably be required by SHAREHOLDERS.

                    (8)  Within   30  days   of  closing,  a  private  placement
memorandum  pursuant  to Rule  504 of  Regulation  D as  promulgated  under  the
Securities Act of 1993. for up to 988,000  shares of ISSUER's  stock,  on a post
closing basis, at a price of $1.00 per share.

                     (9) An  Opinion  Letter from ISSUER's Attorney attesting to
the validity and condition of the ISSUER.

                  ii.      By SHAREHOLDER AND MSI:

                     (1)   Delivery to the ISSUER, or to its Transfer Agent, the
certificates representing 100% of the issued and outstanding stock of MSI.

                     (2)   Consents  signed  by  all  the  shareholders  of  MSI
consenting to the terms of this Agreement.

<PAGE>

         7.       REMEDIES.

                  i.  Arbitration.   Any controversy or claim arising out of, or
relating  to, this  Agreement,  or the making,  performance,  or  interpretation
thereof,  shall be settled by  arbitration  in Miami,  Dade  County,  Florida in
accordance  with the Commercial  Rules of the American  Arbitration  Association
then existing and judgment on the arbitration  award may be entered in any court
having jurisdiction over the subject matter of the controversy.

         8.       MISCELLANEOUS.

                  i.  Captions and Headings.  The Article and paragraph headings
throughout  this Agreement are for  convenience and reference only, and shall in
now way be deemed to define,  limit,  or add to the meaning of any  provision of
this Agreement.

                  ii.   No Oral change. This Agreement and any provision herein,
may not be  waived,  changed,  modified,  or  discharged  orally,  but only by a
written agreement in writing signed by the party against whom enforcement of any
waiver, change, modification, or discharge is sought.

                  iii. No Waiver. Except as otherwise provided herein, no waiver
of any covenant,  condition,  or provision of this Agreement  shall be deemed to
have been made unless  expressly in writing and signed by the party against whom
such waiver is charged; and (a) the failure of any party to insist in any one or
more  cases  upon  the  performance  of  any of the  provisions,  covenants,  or
conditions of this  Agreement or to exercise any option herein  contained  shall
not be  construed  as a waiver  or  relinquishment  for the  future  of any such
provisions,  covenants,  or  conditions,  (b) the  acceptance of  performance of
anything required by this Agreement to be performed with knowledge of the breach
or failure of a covenant,  condition,  or provision hereof shall not be deemed a
waiver of such breach or  failure,  and (c) no waiver by any party of one breach
by another  party shall be  construed  as a waiver with  respect to any other or
subsequent breach.

                  iv. Time of Essence.  Time is of the essence of this Agreement
and of each and every provision hereof.

                  v.   Entire Agreement.  This  Agreement  contains  the  entire
Agreement and understanding between the parties hereto, and supersedes all prior
agreements and understandings.

                 vi. Counterparts. This Agreement may be executed simultaneously
in one or more counterparts,  each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument.

                  vii.  Notices.  All  notices,  requests,  demands,  and  other
communications  under this Agreement  shall be in writing and shall be deemed to
have been duly given on the date of service if served personally on the party to
whom notice is to be given,  or on the third day after  mailing if mailed to the
party  to whom  notice  is to be  given,  by first  class  mail,  registered  or
certified, postage prepaid, and properly addressed, and by fax, as follows:

ISSUER:                             Dale B. Finfrock
                                    P.O. Box 669
                                    Palm Beach, FL 33480

With a copy to:                     Eric P. Liftman, Esquire
                                    1428 Brickell Ave
                                    8th Floor

<PAGE>

                                    Miami, Florida 33131
                                    Tel: (305) 372-3322
                                    Fax: (305) 372-0280

MSI:                                Robert E. Work
                                    7221 196th Street, S.W.
                                    Lynwood, WA 98036

         IN WITNESS  WHEREOF,  the  undersigned has executed this Agreement this
23rd day of August, 1996.

MARICULTURE SYSTEMS, INC.                 MARICULTURE SYSTEMS, INC.
A Florida corporation                     A Washington corporation

By:  /s/ Dale B. Frinfrock                By:  /s/ Robert E. Work
---------------------------------         --------------------------------
    Dale B. Frinfrock, President             Robert E. Work, President

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