Document:

<PAGE>

                                                                    Exhibit 10.6

                              WORLDWIDE DATA, INC.
                            STOCK PURCHASE AGREEMENT

            PURCHASE AGREEMENT made as of this 17th day of November, 1998,
between Worldwide Data, Inc. (the "Company"), a Delaware corporation, and CBC
Holdings, Inc. a corporation with its principal place of business in Nassau, the
Bahamas (the "Purchaser").

            WHEREAS, the Company, through its wholly-owned subsidiary, Worldwide
Online Corp. ("Worldwide Canada"), is engaged in the business of providing
Internet-based services, including Internet-access services and the creation of
intranets and web-sites for corporations (the "Offered Services") and the
Company is presently developing an on-line trading service, an on-line auction
service, a service which enables users to send faxes via the Internet and a
service which allows users to make voice calls via the Internet (the "Developing
Services," together with the Offered Services, the "Services");

            WHEREAS, in order to partially finance the purchase of the common
stock of 761395 Alberta Ltd. ("Alberta Ltd."), an Alberta Corporation which is
wholly-owned by Bronson Conrad, the President of the Company, and which has as
its sole asset an aircraft, the Company wishes to issue and sell to the
Purchaser, and the Purchaser wishes to purchase from the Company, on the Closing
Date (as herein defined), 240,000 shares of the Company's common stock (the
"Shares") on the terms and subject to the conditions hereinafter set forth.

            NOW, THEREFORE, in consideration of the premises and mutual
covenants herein contained, the parties hereby agree as follows:

I.    ISSUANCE AND SALE OF THE SHARES; REPRESENTATIONS, WARRANTIES AND COVENANTS
      OF PURCHASER

      a. Subject to the terms and conditions set forth herein, on the Closing
Date, the Company shall issue and sell and the Purchaser hereby agrees to
purchase from the Company, the Shares at a purchase price of one dollar ($1.00)
per Share and the Company agrees to issue and sell such Shares to the Purchaser
for said price.
<PAGE>

            Subject to the terms and conditions set forth herein, within
thirty-one (31) days after the Closing Date, the Company shall issue and deliver
to Purchaser a certificate in definitive form, registered in the name of the
Purchaser or such Purchaser's nominee, evidencing the Shares so issued and sold
to such Purchaser hereunder. The Purchaser further agrees that payment for the
Shares shall be made to the Company, in accordance with any instructions from
the Company regarding such payment, in good funds on or before November 18,
1998, unless such date is extended by the Company (the "Closing Date").

      b. The Purchaser acknowledges that it (a) is acquiring the Shares for its
own account for the purpose of investment and not with a view to or for sale in
connection with any distribution thereof in violation of the Securities Act of
1933, as amended (the "Act"); (b) either alone or together with its advisors,
has sufficient knowledge and experience in business, investment and financial
matters to evaluate the merits and risks of this investment; and (c) is able to
bear the substantial economic risks of this investment and, at the present time,
could afford a complete loss of such investment.

      c. The Purchaser represents that it has been furnished by the Company,
during the course of this transaction, with all information regarding the
Company and its principals which it had requested or desired to know; that all
documents which could be reasonably provided have been made available for the
Purchaser's inspection and review; and that the Purchaser has been afforded the
opportunity to ask questions of and receive answers from duly authorized
officers and/or other representatives of the Company concerning the terms and
conditions of the sale of Shares, along with any additional information which it
had requested.

      d. The Purchaser acknowledges that it is aware that this sale of Shares
has not been reviewed by the Securities and Exchange Commission ("SEC") because
of the Company's representations that it is intended to be a nonpublic sale
pursuant to Section 4(2) of the Act and the provisions of Rule 504 of Regulation
D thereunder, or otherwise exempt from registration under the Act.

                                       2
<PAGE>

      e. The Purchaser represents that it is an "Accredited Investor" as that
term is defined in Rule 501 of Regulation D promulgated under the Act.

      f. The Purchaser is not taking, and will not take or cause to be taken,
any action that would cause the Purchaser to be deemed an underwriter, as
defined in Section 2(11) of the Act, with respect to the Shares.

      g. The Purchaser understands that the Shares are being offered and sold in
reliance on specific exemptions from the registration requirements of Federal
and state securities laws and that the Company is relying upon the truth and
accuracy of the representations, warranties, agreements, acknowledgements and
understandings set forth herein and in the Investor Questionnaire attached
hereto as Schedule I in order to determine the applicability of such exemptions
and the suitability of the Purchaser to acquire the Shares.

      h. The Purchaser has the full right, power and authority to enter into
this agreement. The execution, delivery and performance of this agreement by the
Purchaser has been duly and validly authorized and approved by all necessary
corporate action, if any. This agreement is a valid and binding agreement of the
Purchaser enforceable in accordance with its terms, except as such
enforceability may be limited by (a) bankruptcy, insolvency, reorganization or
other similar laws and legal and equitable principles limiting or affecting the
rights of creditors generally and/or (b) general principles of equity,
regardless of whether considered in a proceeding in equity or at law.

      i. The Purchaser maintains a domicile or business at the address shown on
the signature page of this Agreement, at which address the Purchaser has
subscribed for the Shares hereunder in compliance with the local laws thereof.

      j. The Purchaser recognizes that an investment in the Company involves a
high degree of risk, acknowledges that it may lose its entire investment and has
full cognizance of and understands the risk factors related to an investment in
the Company, which include, but are not limited to:

                                       3
<PAGE>

      (i) Losses; Uncertainty of Profitability. Since its inception in 1995
through the date hereof, the Company, through Worldwide Canada, has incurred
accumulated losses of $1.2 million. The Company continues to incur net losses on
a monthly basis and there can be no assurance that the Company will achieve
profitable operations or that Worldwide Canada will generate meaningful revenues
in the future.

      (ii) Uncertainty of Business Plan. The Company's plan of operation and
future prospects are largely dependant upon the Company's continuing ability to
offer its Intranet-access services, to create intranets and web sites for
corporations and to offer and develop and market its Internet fax and voice call
services, WorldFAX and WorldVOICE, as well as its on-line trading and auction
services, on a timely and cost effective basis. There can be no assurance of
continued market acceptance of the Company's Offered Services or that
unanticipated problems, expenses or technical difficulties will not occur which
would result in discontinuation or material delays in the Offered Services. In
addition, there can be no assurance that the Company's Developing Services will
be successfully developed and implemented or that the Company will be able to
continue to develop and market WorldFAX and WorldVOICE successfully. The
likelihood of achievement of the Company's business plan must be considered in
light of the fact that the Company operates in a rapidly evolving industry
characterized by intense competition and an increasing and substantial number of
new market entrants and new Internet products and services. See "Risk Factors -
Increasing Competition; Minimal Barriers to Entry." No assurance can be given
that the Company will achieve its business plan or generate sufficient revenues
to sustain its operations or become profitable.

      (iii) Uncertainty of Future Capital Needs. The capital requirements
required to fund the Company's losses, as well as to continue developing
WorldFAX and WorldVOICE, and to develop the Developing Services and any other
new services are significant. The Company may need to raise additional funds
through public or private offerings or equity financings in order to fund its
losses, continue to develop WorldFAX and WorldVOICE and develop the Developing
Services and

                                       4
<PAGE>

any other new services. If additional funds are raised through the issuance of
equity securities, the percentage ownership of the then current stockholders
will be reduced and such equity securities may possess rights senior to the
holders of the Company's common stock. There can be no assurance that additional
financing will be available on terms favorable to the Company, or that the
Company will be successful in raising such financing.

      (iv) Proceeds to be Used for Payment to Affiliate of Bronson Conrad. The
net proceeds of the offering will be used to partially finance the acquisition
of the common stock of Alberta Ltd., which is wholly-owned by Bronson Conrad,
the President of the Company, and which has an aircraft as its only asset. The
price to be paid by the Company for the shares of Alberta Ltd. will be
determined by Mr. Conrad based on an appraisal of the value of the airplane
owned by Alberta Ltd. Because of Mr. Conrad's involvement with both parties to
the transaction, the price to be paid by the Company and the other terms of such
purchase will not be the result of an arms-length negotiation and no independent
party determined the Company's need for the aircraft. The Company will not
obtain a fairness opinion regarding the value of Alberta Ltd.'s common stock. As
the sole shareholder of Alberta Ltd., Mr. Conrad will be the direct beneficiary
of the proceeds of the sale of the Albert Ltd. shares.

      (v) Increasing Competition; Minimal Barriers to Entry. The market for
Internet-based services is extremely competitive and can be significantly
influenced by the marketing and pricing decisions of the larger industry
participants. The barriers to entry are minimal and the Company expects that
competition will intensify in the near future. The Company believes that success
will depend upon a number of factors, including market presence, capacity,
reliability and security of its network infrastructure. Furthermore, the Company
will have to compete with the pricing policies of competitors and suppliers, the
timing and introduction of new products and general economic trends.

                                       5
<PAGE>

            The Company's current and prospective competitors in the Internet
industry include many large companies that have substantially greater market
presence and financial, technical, operational, marketing and other resources
and experience than the Company. The Company's Services compete or expect to
compete directly or indirectly with the following categories of companies: (i)
other national and regional commercial Internet service providers ("IPSs"); (ii)
established on-line service companies that currently offer Internet access, such
as America Online, Inc., CompuServe Corp. and Prodigy Services Company; (iii)
computer hardware and software and other technology companies, such as Microsoft
Corporation ("Microsoft"); (iv) national long distance telecommunications
carriers, such as AT&T (with AT&T WorldNet), MCI (MCI Internet), and Sprint
(SprintNet); (v) regional telephone operating companies; (vi) cable television
system operators, such as Comcast Corporation, Tele-Communications, Inc. ("TCI")
, and Time Warner Inc.; (vii) nonprofit or educational ISPs; (viii)
newly-licensed providers of spectrum-based wireless data services; (ix) national
and regional web site and intranet developers; (x) national and regional on-line
trading companies and (xi) on-line auction companies. In addition, TCI recently
announced it had reached separate agreements with Sun Microsystems, Inc. and
Microsoft to produce the software necessary to permit persons to access the
Internet through television set-top boxes beginning in 1999.

The Company anticipates that it will encounter significant pricing pressure,
which in turn could result in reductions in the average selling price of the
Company's services. Large telecommunications corporations may be able to reduce
the communications costs involved in providing Internet-based services. There
can be no assurance that the Company will be able to offset the effects of any
such price reductions.

      (vi) Dependence on the Internet; New Industry; Uncertain Adoption of
Internet as a Medium of Commerce and Communications. The Company's existing and
proposed products and services are targeted at users of the Internet, which has
experienced rapid growth.

                                       6
<PAGE>

As is typical in the case of a new and rapidly evolving industry characterized
by rapidly changing technology, evolving industry standards and frequent new
product and service introductions, demand and market acceptance for recently
introduced products and services are subject to a high level of uncertainty. The
Internet services industry is characterized by a limited operating history and a
high rate of business failures. Because the market is relatively new and current
and future competitors are likely to introduce competing Internet-based
services, it is difficult to predict the rate at which the market will grow or
at which new or increased competition will result in market saturation. See
"Risk Factors - Increasing Competition; Minimal Barriers to Entry." In addition,
critical issues concerning the commercial use of the Internet remain unresolved
and may impact the growth of Internet use, especially in the business market
targeted by the Company. Despite growing interest in the many commercial uses of
the Internet, many businesses have been deterred from purchasing Internet access
services for a number of reasons, including, among others, inconsistent quality
of service, lack of availability of cost-effective, high-speed options, a
limited number of local access points for corporate users, inability to
integrate business applications on the Internet, the need to deal with multiple
and frequently incompatible vendors, inadequate protection of the
confidentiality of stored data and information moving across the Internet and a
lack of tools to simplify Internet access and use.

      (vii) Possible Service Interruptions. The Company's operations require
that its telecommunications networks operate on a continuous basis. It is
possible that the Company's telecommunications networks may from time to time
experience service interruptions or equipment failures. Service interruptions or
equipment failures resulting in material delays would adversely effect the
confidence of users of the Services as well as the Company's business operations
and reputation.

      (viii) Capacity Constraints; System Failure and Security Risks. The
Company's operations will depend upon the capacity, reliability and security of
its network infrastructure. The Company currently has

                                       7
<PAGE>

limited network capacity and will be required to continually expand its network
infrastructure. Expansion of the Company's infrastructure will require
significant financial, operational and management resources. There can be no
assurance that the Company will be able to expand its infrastructure on a timely
basis, at a commercially reasonable price, or at all. The Company's operations
will also be dependent on the Company's ability to protect its computer
equipment against damage from fire, power loss, telecommunications failures and
similar events. The Company's network infrastructure will be vulnerable to
computer viruses, break-ins and similar disruptions from unauthorized tampering
with the Company's computer systems. Computer viruses or problems caused by
third parties could lead to material interruptions, delays or cessation in
services. Inappropriate use of the Internet by third parties could also
potentially jeopardize the security of confidential information stored in the
computer systems of users. Security and privacy concerns of users may limit the
Company's ability to successfully market its Services.

      (ix) Limited Sales Force. The Company has a limited sales force and does
not have established distribution channels for its Services. No assurance can be
given as to the ability of the Company to establish or generate sufficient
demand for its Services, and the inability of the Company to do so would have a
material adverse effect on the Company's business, financial condition and
operating results.

      (x) Dependence on Suppliers. The Company relies on other companies to
supply certain key components of its network infrastructure, including
telecommunications and networking equipment. There can be no assurance that the
Company will be able to obtain such services on the scale and within the time
frame required at a reasonable cost, or at all. The inability to do so would
have a material adverse effect on the Company's ability to furnish its Services,
financial condition and results of operations.

      (xi) Dependence Upon Key Personnel; Bronson Conrad. The Company depends
upon the services of Bronson Conrad, its President and Chief Executive

                                       8
<PAGE>

Officer. The loss of Mr. Conrad's services would be detrimental to the Company's
prospects. The Company does not contemplate obtaining "key-man" life insurance
with respect to Mr. Conrad and the Company does not have an employment agreement
with Mr. Conrad.

      (xii) Limited Intellectual Property Protection. The Company relies on a
combination of copyright and trademark laws, trade secrets and software security
measures to protect its proprietary information. The Company currently has no
registered copyrights, trademarks or patents or patent applications pending. It
may be possible for unauthorized third parties to copy aspects of, or otherwise
obtain and use, the Company's proprietary information without authorization.

      (xiii) NASDAO's OTC Bulletin Board Service; Risks Relating to Low Priced
Stocks. The Company's Common Stock currently trades on NASDAQ's OTC Bulletin
Board Service. Such market is characterized by limited and episodic trading and
limited liquidity. Investors could find it difficult to dispose of, or to obtain
accurate quotations as to the market value of, the Company's Common Stock.

      (xiv) Control By Bronson Conrad. Following completion of the offering,
Bronson Conrad will beneficially own approximately 10.5% of the voting stock of
the Company. As a result, Mr. Conrad has the ability to influence or control the
election of a majority of directors and other actions by stockholders with
respect to the business and affairs of the Company.

      (xv) Year 2000 Compliance. The Company is aware of the issues associated
with the programming code in existing computer systems as the year 2000
approaches. The "Year 2000 Problem" is pervasive and complex as virtually every
computer operation will be affected in some way by the rollover of the two digit
year value to 00. The issue is whether computer systems will properly recognize
date-sensitive information when the year changes to 2000. Systems that do not
properly recognize such information could generate erroneous data or fail. The
Company is in the process of working with its software that the Company has
licensed from

                                       9
<PAGE>

      third parties will operate properly in the year 2000 and beyond. In
      addition, the Company is working with its external suppliers and service
      providers to ensure that they and their systems will be able to support
      the Company's needs and, where necessary, interoperate with the Company's
      server and networking hardware and software infrastructure in preparation
      for the year 2000. Management does not anticipate that the Company will
      incur significant operating expenses or be required to invest heavily in
      computer systems improvements to be year 2000 compliant. However,
      significant uncertainty exists concerning the potential costs and effects
      associated with any year 2000 compliance. Any year 2000 compliance
      problems of either the Company, its customers or vendors could have a
      material adverse effect on the Company's business, results of operations
      and financial condition.

      k. The Purchaser represents that the foregoing representations, warranties
and covenants are true and correct as of the date hereof. The foregoing
representations, warranties and agreements shall survive the date hereof.

II.   REPRESENTATIONS AND WARRANTIES OF THE COMPANY

            The Company represents and warrants and, where applicable, covenants
to the Purchaser as follows:

            (a) The Company is a corporation duly organized, existing and in
      good standing under the laws of the State of Delaware and has the
      corporate power to conduct the business which it proposes to conduct.

            (b) The execution, delivery and performance of this Agreement by the
      Company has been duly approved by the Board of Directors of the Company.

            (c) The Shares to be sold and delivered to the Purchaser hereunder
      will be duly authorized and validly issued and, upon payment, fully paid
      and non-assessable.

            (d) Financial Statements - The Company has furnished to the
      Purchaser the balance sheet of the Company as of June 30, 1998 and the
      related Statement

                                       10
<PAGE>

      of Income dated as of June 30, 1998 which were prepared by management of
      the Company and are unaudited, copies of which are attached hereto as
      Exhibit A. Such financial statements have been prepared from and are in
      accordance with the books and records of the Company, have been prepared
      in accordance with generally accepted accounting principles consistently
      applied, are true and correct and fairly present in all material respects
      the financial position of the Company as of such date and the results of
      its operations for the six-month period then ended in accordance with
      generally accepted accounting principles, except for the absence of notes
      and subject to year-end adjustments. Except as reflected in such balance
      sheet and for obligations and liabilities incurred in the ordinary course
      of business, the Company has no material (individually or in the
      aggregate) obligations or liabilities, absolute, accrued or contingent, as
      of the date of such balance sheet. There has been no material adverse
      change in the business, assets, properties, operations, condition
      (financial or other) or prospects of the Company since June 30, 1998.

III.  MISCELLANEOUS

      a. Any notice or other communication given hereunder shall be deemed
sufficient if in writing and sent by registered or certified mail, return
receipt required, addressed to the Company, at:

                         Worldwide Data, Inc.
                         36 Toronto Street, Suite 250
                         Toronto, Ontario, Canada M5C2C5
                         Attn: President

            With a Copy to:

                         Werbel & Carnelutti
                         711 Fifth Avenue
                         New York, New York 10023
                         Attn: Stephen M. Davis, Esq.

and to the Purchaser at his address indicated on the last page of this
Agreement. Notices shall be deemed to have been given on the date of mailing,
except notices of change

                                       11
<PAGE>

of address, which shall be deemed to have been given when received.

      b. This Agreement shall not be changed, modified or amended except by a
writing signed by the parties to be charged.

      c. This Agreement shall be binding upon and inure to the benefit of the
parties hereto and to their respective heirs, legal representatives, successors
and assigns.

      d. This Agreement sets forth the entire agreement and understanding
between the parties as to the subject matter thereof and merges and supersedes
all prior discussions, agreements and understandings of any and every nature
among them.

      e. This Agreement and its validity, construction and performance shall be
governed in all respects by the laws of the State of New York.

      f. This Agreement may be executed in counterparts. Upon the execution and
delivery of this Agreement by the Purchaser, this Agreement shall become a
biding obligation of the Purchaser with respect to the purchase of Shares as
herein provided.

                                       12
<PAGE>

            IN WITNESS WHEREOF, the parties have executed this Agreement as of
the day and year first written above.

                                               [FOR] CBC Holdings, Inc.

                                                     /s/ Steven L. Miller
                                                     ---------------------------
                                                     Authorized Signature

                                                     Address of Purchaser

                                                     Nassau, Bahamas
                                                     ---------------------------

                                                     Social Security or Taxpayer
                                                     Identification No. of
                                                     Purchaser

                                                                 N/A
                                                     ---------------------------

                                                     Signature of Purchaser

                                                          /s/ [ILLEGIBLE]
                                                     ---------------------------

Accepted by:

WORLDWIDE DATA, INC.

By: /s/ Bronson Conrad
   -------------------------
   Bronson Conrad, President

                                       13
<PAGE>

                                                                       Exhibit A

                      Balance Sheet and Statement of Income
<PAGE>

                              WORLD WIDE DATA, INC.
                           CONSOLIDATED BALANCE SHEET
                           STATED IN CANADIAN DOLLARS
                               AS AT JUNE 30, 1998
                     (UNAUDITED - AS PREPARED BY MANAGEMENT)

                                     ASSETS

CURRENT ASSETS

 Cash and Bank                                                          431,442
 Accounts Receivable                                                     54,563
 Deposits and Prepaid Expenses                                           26,929
 Loan Receivable                                                         52,458
                                                                     ----------
                                                                        565,392
                                                                     ----------

CAPITAL ASSETS

 Computer                                                               237,042
 Office Furniture and Equipment                                          40,403
 Leasehold Improvements                                                  10,381
 Less Accumulated Depreciation                                         (129,614)
                                                                     ----------
                                                                        158,212
                                                                     ----------
                                                                        723,604
                                                                     ==========

                      LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
 Bank Loan                                                               50,004
 Accounts Payable and Accrued Liabilities                                75,509
 Loans & Debenture Payable                                              320,656
                                                                     ----------
                                                                        446,169
                                                                     ----------

LONG TERM LIABILITIES
 Bank Loan                                                               75,006
                                                                     ----------
                                                                         75,006
                                                                     ----------

SHAREHOLDERS' EQUITY
Capital Stock - Issued - 2,442,800 shares                             1,412,686
Deficit                                                              (1,210,259)
                                                                     ----------
                                                                        202,429
                                                                     ----------
                                                                        723,604
                                                                     ==========

                                     Page 1
<PAGE>

                               WORLDWIDE DATA. INC
                        CONSOLIDATED STATEMENT OF INCOME
                           STATED IN CANADIAN DOLLARS
                      FOR THE 5 MONTHS ENDED JUNE 30, 1998
                     (UNAUDITED - AS PREPARED BY MANAGEMENT)

SALES                                                                   244,064

COST OF SALES                                                            69,777

                                                                     ----------
GROSS PROFIT                                                            174,287
                                                                     ----------

EXPENSES
 Advertsing and Promotion                                                 2,436
 Bad Debts                                                                  718
 Bank Charges and Interest                                               24,615
 Consulting                                                              52,039
 Depreciation                                                            24,343
 Insurance                                                                1,426
 Office and General                                                       3,070
 Printing and Postage                                                     5,393
 Professional Fees                                                        4,580
 Rent                                                                    26,984
 Repairs and Maintenance                                                  1,648
 Software Licence Fees                                                    1,000
 Salaries and Benefits                                                  148,834
 Telephone                                                                3,888
 Travel                                                                  33,891
                                                                     ----------
NET LOSS FOR THE PERIOD                                                 334,870
                                                                     ----------
                                                                       (160,583)

DEFICIT, beginning                                                   (1,049,676)
                                                                     ----------

DEFICIT, ending                                                      (1,210,259)
                                                                     ==========

                                     Page 2<PAGE>

                                                                    Exhibit 10.7

                            STOCK PURCHASE AGREEMENT

            STOCK PURCHASE AGREEMENT, dated as of November 17, 1998, by and
between Bronson Conrad ("Seller"), 761395 Alberta, Ltd., a company incorporated
under the laws of Alberta, having its head office at 1400, 350-7th Avenue, S.W.,
Calgary, in the Province of Alberta ("Alberta") and Worldwide Data, Inc., a
Delaware Corporation with its principal place of business in Toronto, Canada
("Buyer").

                                  WITNESSETH:

            WHEREAS, Buyer, through its wholly-owned subsidiary, Worldwide
Online Corp. ("Worldwide Canada"), is engaged in the business of providing
Internet-based services;

            WHEREAS, the Seller is the owner of 100% of the issued and
outstanding capital stock of Alberta, consisting of one (1) share of common
stock, (the "Stock");

            WHEREAS, Alberta has as its sole asset an aircraft which has an
appraised retail value of US$ 627,000;

            WHEREAS, the Buyer desires to buy and the Seller desires to sell the
Stock upon the terms and subject to the conditions hereinafter set forth;

            NOW, THEREFORE, in consideration of the premises and the mutual
agreements herein contained, Seller and Buyer agree as follows:

                                   ARTICLE 1
                       SALE OF SHARES AND PURCHASE PRICE

      1.1 Sale and Purchase of Stock. On the basis of the representations,
warranties, covenants and agreements contained in this Agreement and subject to
the terms and conditions set forth in this Agreement, on the Closing Date (as
defined in Section 1.2 hereof), Seller shall sell, and Buyer shall purchase from
Seller, the Stock for the consideration described and payable as set forth in
Section 1.3 hereof.

      1.2 Closing Date. The purchase and sale of the Stock (the "Closing") shall
take place as of the date hereof (such date and time being hereinafter called
the "Closing Date").

      1.3 Purchase Price. As consideration for the Stock and subject to the
terms and provisions of this Agreement, the purchase price is US$627,000 (the
"Purchase Price") to be paid as follows: Buyer shall deliver to Seller
US$240,000 in immediately available funds and a promissory note of Buyer in the
principal amount of US$189,631.58 substantially in the form
<PAGE>

attached hereto as Exhibit A (the "Note") and assume the note payable to Textron
Financial (Canada) with a principal amount outstanding of a __________________
$300,000 (Canadian) (the "Textron Note").

      1.4 Additional Closing Date Deliveries and Actions.

            (a) As of the Closing Date, Seller hereby delivers to Buyer (w) the
certificate representing the Stock, together with an executed stock power, (x)
all evidences of consents, waivers or approvals obtained by Seller in respect of
the consummation of the transactions contemplated by this Agreement, (y) all of
the documents and instruments contemplated to be delivered by Seller to Buyer on
the Closing Date pursuant to Article 5 hereof and (z) all such other documents
or instruments as Buyer may reasonably request or as may otherwise be necessary
to evidence and effect the transactions contemplated hereby.

            (b) As of the Closing Date, Buyer hereby (i) delivers, or executes
and delivers, to Seller (x) US$ 240,000 in immediately available funds by wire
transfer, (y) the Note and (z) all of the documents and instruments contemplated
to be delivered by Buyer to Seller on the Closing Date pursuant to Article 6
hereof, and (ii) take all steps and actions as may be reasonably necessary to
effectuate the transactions contemplated hereby.

      1.5 Consents, Waivers and Further Assurances. From time to time following
the Closing, Seller shall execute and deliver, or cause to be executed and
delivered, to Buyer such other instruments of assignment, conveyance and
transfer as Buyer may reasonably request or as may be otherwise necessary to
effect the transactions contemplated hereby.

                                   ARTICLE 2
                    REPRESENTATIONS AND WARRANTIES OF SELLER

      All representations and warranties made by Seller in this Agreement are
true and accurate as of the execution hereof. Seller represents and warrants to
Buyer as follows:

      2.1 Ownership of the Stock. Seller is the sole owner, beneficially and of
record, of all of the outstanding Stock of Alberta, free and clear of any
pledge, lien, security interest, encumbrance, claim or equity of any kind other
than those listed on Schedule 2.1 hereto. Upon delivery of the Stock to Buyer
pursuant to this Agreement, Buyer will receive good and marketable title
thereto, free and clear of any pledge, lien, security interest, encumbrance,
claim or equity of any kind other than those listed on Schedule 2.1 hereto.

      2.2 Organization and Qualification. Alberta is a corporation duly
organized, validly existing and in good standing under the laws of the Province
of Alberta, and is duly qualified as a foreign corporation in all jurisdictions
where the ownership of its property or conduct of its business require it to so
qualify. Alberta has all requisite corporate power and authority to own or lease
its properties and assets and to conduct its business as presently conducted.

                                      -2-
<PAGE>

      2.3 Authority to Effect Transactions.

            (a) Seller has all requisite power and authority to execute, deliver
and perform this Agreement and all of Seller's closing documents ("Seller's
Closing Documents"). All necessary corporate action on the part of Seller has
been or will be prior to the Closing Date duly taken to authorize the execution,
delivery and performance by Seller of this Agreement and all of Seller's Closing
Documents. This Agreement and each of Seller's Closing Documents has been duly
authorized, executed and delivered by Seller and is the legal, valid and binding
obligation of Seller, enforceable against Seller in accordance with its terms
except (x) as such enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the enforcement
of creditors' rights generally, and (y) to the extent that such enforceability
is subject to general principles of equity (regardless of whether such
enforcement is considered in a proceeding in equity or at law).

            (b) Except as set forth in Schedule 2.3(b) hereto, (i) no consent,
authorization, approval, order, license, certificate, permit or act of or from,
or declaration or filing with, any foreign, federal, state, local or other
governmental authority or regulatory body or any court or other tribunal or any
party to any contract, agreement, instrument, lease or License (as defined in
Section 2.10) to which Seller or Alberta is a party or by which Seller or
Alberta is bound or to which any of the assets of Alberta is subject, is
required for the execution, delivery or performance by Seller of this Agreement
or any of Seller's Closing Documents or the consummation of the transactions
contemplated hereby or thereby and (ii) neither the execution, delivery or
performance of this Agreement nor any of Seller's Closing Documents nor the
consummation of the transactions contemplated hereby or thereby (v) conflicts
with or will conflict with, or (with or without the giving of notice or the
passage of time or both) results or will result in a breach of the terms,
conditions or provisions of, (w) constitutes or will constitute a default under,
(x) results or will result in the creation of any Lien upon any of the assets of
Alberta pursuant to, (y) constitutes or will constitute an event creating rights
of acceleration, termination or cancellation, or loss of rights under, or (z)
results or will result in a violation of, (A) Alberta's organizational documents
and agreements, each as amended to date, (B) any law, statute, rule, regulation,
order, award, judgment or decree to which Alberta, Seller or any of the assets
of Alberta is subject or (C) any contract, agreement, instrument, lease or
License to which Alberta or Seller is a party or by which it is bound.

      2.4 Capitalization. The Stock being purchased hereunder represents all of
the authorized, issued and outstanding capital stock of Alberta. All shares of
the Stock are validly issued, fully paid and non-assessable, with no personal
liability attached to the ownership thereof. There are no agreements or
understandings with respect to the voting of the Stock. There are no existing
rights (including, without limitation, conversion rights), options, warrants,
calls or similar commitments of any character granted or issued by Alberta
relating to the Stock or any other security of Alberta, or whereby any person
would have a right to acquire any security of Alberta and there are no shares of
Stock held in the treasury of Alberta.

      2.5 Subsidiaries. Alberta has no subsidiaries.

                                      -3-
<PAGE>

      2.6 Sole Shareholder. As of the Closing Date and prior to the sale of
Stock to Buyer, Seller will be the sole shareholder of Alberta.

      2.7 No other Assets or Liabilities.

            (a) Alberta has not, any time since its formation, held any other
assets. Alberta has at all times since its formation existed solely as a holding
company and has not engaged in any form of business or other operations.

            (b) Alberta is not subject to any liability (including, without
limitation, unasserted claims, whether known or unknown, and liabilities for
foreign, Federal, provisional or local income tax), whether absolute,
contingent, accrued or otherwise. Alberta has no accounts payable or other
accrued liabilities, other than the Textron Note.

      2.8 Contracts and Other Instruments;

            Except as expressly otherwise set forth on Schedule 2.8, there are
no contracts, agreements, instruments and leases to which Alberta or Seller, on
behalf or for the benefit of Alberta, is a party or by which either of them is
bound or to which any of the assets of Alberta are subject (collectively,
"Contracts")

      2.9 Employees. The Company has no employees and is not liable to pay any
employment or other form of compensation to any Person.

      2.10 Compliance with Laws, Litigation. The assets of Alberta and their
uses comply with, and Alberta with respect to its assets and business is in
compliance with, all applicable material laws, regulations, rules, or ordinances
of, and all applicable judgments, writs, decrees, injunctions and orders of, any
foreign, Federal, provisional, local or other governments or court or
governmental departments, commissions, bureaus, agencies or instrumentalities,
including but not limited to, all healthcare and environmental laws, except
where noncompliance would not have a material adverse effect on the continuing
operation of Alberta. The Company is not, with respect to its assets, subject to
any judgments, writs, decrees, injunctions or orders of any foreign, Federal,
provisional or local government or court or governmental department, commission,
bureau, agency or instrumentality. There is no suit, action, administrative
proceeding, arbitration or other proceeding or governmental investigation
involving Alberta or Seller pending or, to the best knowledge of Alberta and
Seller, threatened against Alberta or Seller with respect to Alberta or the
assets of Alberta nor, to the best knowledge of Seller or Alberta, is there any
reasonable basis for any of the same, nor has there been any at any time during
the last five years. There is no suit, action, administrative proceeding,
arbitration or governmental investigation involving Alberta or Seller, pending
or, to the best knowledge of Alberta and Seller, threatened, which questions the
legality, validity or propriety of the transactions contemplated by this
Agreement.

                                      -4-
<PAGE>

                                   ARTICLE 3
                    REPRESENTATIONS AND WARRANTIES OF BUYER

            As an inducement to Alberta and Seller to enter into this Agreement
and to consummate the transactions contemplated hereby, Buyer represents and
warrants to Alberta and Seller and agrees as follows:

      3.1 Authority to Effect Transactions.

            (a) Buyer has all requisite power and authority to execute, deliver
and perform this Agreement and Buyer's closing documents ("Buyer's Closing
Documents"). This Agreement has been duly authorized, executed and delivered by
Buyer and is the legal, valid and binding obligation of Buyer enforceable
against Buyer in accordance with its terms. Buyer's Closing Documents have been
duly authorized by Buyer and, upon execution and delivery by Buyer as
contemplated hereby, will be the legal, valid and binding obligations of Buyer,
enforceable against Buyer in accordance with its terms.

                                   ARTICLE 4
                                CONFIDENTIALITY

      4.1 Confidentiality. Except as otherwise agreed in writing by Buyer and
Seller, no party to this Agreement shall directly or indirectly make or cause to
be made any public announcement or disclosure, or issue any notice with respect
to this Agreement or the transactions contemplated hereby without the prior
consent of the other parties hereto.

                                   ARTICLE 5
                                INDEMNIFICATION

      5.1 Indemnity by Seller. Without prejudice to any other rights and/or
remedies that Buyer may have under the law or under specific provisions of this
Agreement, Seller agrees to indemnify and hold harmless Buyer and their
successors and assigns and its and their respective officers, directors,
controlling Persons (if any), employees, attorneys, agents, Affiliates, partners
and stockholders, in each case past, present, or as they may exist at any time
after the date of this Agreement (including Buyer, the "Buyer Indemnitees")
against and in respect of any and all, whether directly or indirectly:

            (a) claims, suits, actions, proceedings (formal and informal),
investigations, judgments, deficiencies, damages, settlements, liabilities,
losses, costs and legal and other expenses arising out of or based upon any
breach of any representation, warranty, covenant or agreement of Seller or
Alberta contained in this Agreement or in any other agreement executed and
delivered by any Seller or Alberta hereunder or in connection herewith, and (ii)
any legal proceedings involving Alberta and Seller; and

                                      -5-
<PAGE>

            (b) claims, suits, actions and proceedings, including, but not
limited to, professional liability claims of Persons not a party to this
Agreement and related investigations, judgments, deficiencies, damages,
settlements, liabilities, losses, costs and legal and other expenses arising
therefrom and from events occurring on or prior to the Closing Date relating to
Alberta.

      5.2 Defense of Claims. Any Buyer Indemnitee (the "Indemnified Party")
seeking indemnification under this Agreement shall give to the party obligated
to provide indemnification to such Indemnified Party (the "Indemnitor") a notice
(a "Claim Notice") describing in reasonable detail the facts giving rise to any
claim for indemnification hereunder promptly upon learning of the existence of
such claim. Upon receipt by the Indemnitor of a Claim Notice from an Indemnified
Party with respect to any claim of a third party, such Indemnitor may assume the
defense thereof with counsel reasonably satisfactory to the Indemnified Party
and, in such event, shall agree to pay and otherwise discharge with the
Indemnitor's own assets all judgments, deficiencies, damages, settlements,
liabilities, losses, costs and legal and other expenses related thereto; and the
Indemnified Party shall cooperate in the defense or prosecution thereof and
shall furnish such records, information and testimony and attend all such
conferences, discovery proceedings, hearings, trials and appeals as may be
reasonably requested in connection therewith. If the Indemnitor does not assume
the defense thereof, the Indemnitor shall similarly cooperate with the
Indemnified Party in such defense or prosecution. The Indemnified Party shall
have the right to participate in the defense or prosecution of any lawsuit with
respect to which the Indemnitor has assumed the defense and to employ its own
counsel therein, but the fees and expenses of such counsel shall be at the
expense of the Indemnified Party unless (i) the Indemnitor shall not have
promptly employed counsel reasonably satisfactory to such Indemnified Party to
take charge of the defense of such action or (ii) such Indemnified Party shall
have reasonably concluded that there exists a significant conflict of interest
with respect to the conduct of such Indemnified Party's defense by the
Indemnitor, in either of which events such fees and expenses shall be borne by
the Indemnitor and the Indemnitor shall not have the right to direct the defense
of any such action on behalf of the Indemnified Party. The Indemnitor shall have
the right, in its sole discretion, to settle any claim solely for monetary
damages for which indemnification has been sought and is available hereunder,
provided that the Indemnitor shall not agree to the settlement of any claim
which constitutes the subject of a Claim Notice which settlement in the
reasonable opinion of the Indemnified Party would have an adverse continuing
effect on the business of the Indemnified Party without the prior written
consent of the Indemnified Party. The Indemnified Party shall give written
notice to the Indemnitor of any proposed settlement of any suit, which
settlement the Indemnitor may, if it shall have assumed the defense of the suit,
reject in its reasonable judgment within 10 days of receipt of such notice.
Notwithstanding the foregoing the Indemnified Party shall have the right to pay
or settle any suit for which indemnification has been sought and is available
hereunder, provided that, if the defense of such claim shall have been assumed
by the Indemnitor, the Indemnified Party shall automatically be deemed to have
waived any right to indemnification hereunder.

                                      -6-
<PAGE>

                                   ARTICLE 6
                                 MISCELLANEOUS

      6.1 Expenses. Each party hereto shall pay its own expenses incident to the
negotiation, preparation and consummation of this Agreement and all other
agreements, instruments and documents executed and delivered by it hereunder or
in connection herewith, including all fees and expenses of its or their
respective counsel and accountants, whether or not the transactions contemplated
hereby or thereby are consummated.

      6.2 Further Actions. At any time and from time to time after the Closing,
each party hereto agrees, at its own expense (except as otherwise provided
herein), to take such actions and to execute and deliver such documents as may
be reasonably necessary to effectuate the purposes of this Agreement.

      6.3 Survival. The representations, warranties, covenants and agreements
contained in or made pursuant to this Agreement shall survive the Closing.

      6.4 Entire Agreement, Modification. This Agreement (including the
Schedules and Exhibits hereto) sets forth the entire understanding of the
parties with respect to the subject matter hereof, supersedes all existing
agreements among them concerning such subject matter and may be modified only by
a written instrument duly executed by each party hereto.

      6.5 Notices. Any notice given pursuant to this Agreement to any party
hereto shall be deemed to have been duly given when mailed by registered or
certified mail, return receipt requested, or when hand delivered as follows:

       If to Seller:
       Bronson Conrad
       c/o Worldwide Online Corporation
       36 Toronto Street, Suite 250
       Toronto, Canada
       M5C 2C5

       If to Buyer:
       Worldwide Data, Inc.
       c/o Worldwide Online Corporation
       36 Toronto Street, Suite 250
       Toronto, Canada
       M5C 2C5

or at such other address as either such party shall from time to time designate
by written notice, in the manner provided herein, to the other party hereto. All
references to days in this Agreement shall be deemed to refer to calendar days,
unless otherwise specified.

                                      -7-
<PAGE>

      6.6 Waiver. Any waiver must be in writing, and any waiver by any party of
a breach of any provision of this Agreement shall not operate as or be construed
to be a waiver of any other breach of that provision or of any breach of any
other provision of this Agreement. The failure of a party to insist upon strict
adherence to any term of this Agreement on one or more occasions will not be
considered a waiver or deprive that party of the right thereafter to insist upon
strict adherence to that term or any other term of this Agreement.

      6.7 Separability. If any provision of this Agreement is invalid, illegal
or unenforceable, such provision shall be ineffective to the extent, but only to
the extent of, such invalidity, illegality or unenforceability, without
invalidating the remainder of such provision or the remaining provisions of this
Agreement, unless such a construction would be unreasonable.

      6.8 Headings. The headings in this Agreement are solely for convenience of
reference and shall be given no effect in the construction and interpretation of
this Agreement.

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

      6.10 Governing Law. This Agreement shall be construed and enforced in
accordance with the laws of the State of New York, without giving effect to its
conflict of laws provisions.

      6.11 Arbitration. Any dispute, controversy or claim arising out of or
relating to this Agreement or the breach, termination or invalidity hereof which
cannot be resolved amicably by discussions between the parties shall be settled
by arbitration in New York, New York, under the Rules of the American
Arbitration Association ("AAA") and in accordance with the internal laws of the
State of New York.

                                      -8-
<PAGE>

      Incorporation by Reference. The Schedules and Exhibits attached hereto and
the letters referred to herein as having been executed or delivered concurrently
with the execution of this Agreement are an integral part of this Agreement and
are incorporated herein by reference.

      IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement
as of the date first written above.

                                        WORLDWIDE DATA, INC.

                                        By: /s/ Bronson Conrad
                                            ------------------------------------
                                            Name:
                                            Title:

                                        /s/ Bronson Conrad
                                        ----------------------------------------
                                        BRONSON CONRAD

                                        761395 ALBERTA, LTD.

                                        By: /s/ Bronson Conrad
                                            ------------------------------------
                                            Name:
                                            Title:

                                      -9-
<PAGE>

                                  SCHEDULE 2.1

                                      -10-
<PAGE>

                                SCHEDULE 2.3(B)

                                SELLER CONSENTS

                                     [NONE]

                                      -11-
<PAGE>

                                                                       EXHIBIT A

                                  FORM OF NOTE

                                      -12-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00008-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00008-of-00352.parquet"}]]