Document:

EXHIBIT 10.2
                                 LOAN AGREEMENT

This  Agreement  (the  "Agreement")  is made and  entered  into this 12th day of
January, 2000, by and between -------------- ("Lender"),  an individual residing
at -----------------------------------------------,  and AmeriStar Corp.  and/or
assigns ("Borrower"),  with offices located in care of AmeriStar Network,  Inc.,
321 North Mall Drive, Suite K-102, St. George, UT 84790.

Lender and Borrower may collectively be referred to herein as the "Parties".

                                    RECITALS

WHEREAS,  Borrower is simultaneously entering into a Subscription Agreement with
Lender  under  which  Lender  is   purchasing  an  aggregate  of  Eight  Million
(8,000,000)  shares of the common stock of Borrower  (the shares of common stock
of Borrower shall be referred to hereinafter as the "Stock"), and Lender expects
to  utilize  the value of the Stock to obtain  capital  for the  acquisition  of
assets and/or  securities of other  businesses in connection with the operations
of Borrower;

WHEREAS,  Lender has  represented to Borrower that Lender may be able to utilize
the Stock to obtain  the  funds  aggregating  Sixty-Five  Million  U.S.  Dollars
(US$65,000,000)  to loan to Borrower in accordance with the terms and conditions
of this Agreement; and

WHEREAS,  Borrower  and Lender are willing to comply  with the herein  contained
terms and conditions for the aforesaid loan to Borrower;

NOW, THEREFORE,  in consideration of the herein contained  recitals,  the mutual
covenants  set forth  herein  and other  good and  valuable  consideration,  the
receipt and sufficiency of which are acknowledged, the parties agree as follows:

1.   RECITALS

     The foregoing  recitals  shall be deemed to be a part of this agreement for
     all purposes and not merely recitals.

2.   TERMS OF LOAN

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<PAGE>

     a.   Lender  shall  loan  an  aggregate  of  Thirty-Five   Million  Dollars
          ($35,000,000)   to  Borrower  in  an  initial  funding  (the  "Initial
          Funding")  in  accordance  with  the  terms  and  conditions  of  this
          Agreement. The Initial Funding shall be made in four increments in the
          respective  amounts  of  $3,500,000  ("First  Traunche"),  $10,500,000
          ("Second  Traunche"),  $10,500,000  ("Third Traunche") and $10,500,000
          ("Fourth Traunche") and in the manner set forth herein.

     b.   Lender shall loan an additional  Thirty Million Dollars  ($30,000,000)
          to  Borrower  in  a  subsequent  funding  (the  "Second  Funding")  in
          accordance with the terms and conditions of this Agreement. The Second
          Funding  shall  be made in three  increments,  each in the  amount  of
          $10,000,000 and in the manner set forth herein.

     c.   Lender will provide the First Traunche of the Initial Funding no later
          than twenty (20) business days after the Borrower shall have deposited
          the  Stock  into the  Designated  Account,  but in no  event  prior to
          Borrower having furnished to Lender documentation  substantiating that
          either (i) the daily closing market price for  Borrower's  Stock shall
          have  been a price of at least  $5.00  per  share  and  trading  at an
          average volume of at least fifteen  thousand  (15,000)  shares per day
          for twenty (20) business days in a period of thirty (30) business days
          or less,  or (ii)  three of the  Targets  (as that term is  defined in
          Paragraph 3.a. below) are ready to close with Borrower and all that is
          necessary to close same is the cash  provided by the Initial  Funding;
          and Lender shall have three (3) business  days  thereafter in which to
          make such payment.  Subsequent to the provision of the First Traunche,
          Lender  shall not be required to provide  any other  funding  required
          hereunder  on its  respective  due date if condition  (i)  immediately
          above shall not have been met,  instead  providing such funding on the
          day  subsequent  to condition (i) above having been met. The remaining
          increments of the Initial Funding shall be provided monthly thereafter
          on the same day of each  calendar  month as the First  Traunche  shall
          have been made,  commencing on the next calendar month after the First
          Traunche shall have been made and continuing for consecutive  calendar
          months  until all four  increments  shall  have been  provided,  or as
          otherwise  deemed  necessary  by  mutual  agreement  to  close  Target
          Transactions, subject to condition (i) above having been met.

     d.   Lender will provide the first increment of the Second Funding no later
          than  thirty  (30)  business  days  after  Lender  has made the Fourth

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<PAGE>

          Traunche;  PROVIDED,  HOWEVER,  prior to the  provision  of the  first
          increment of such Second Funding,  Borrower shall submit to Lender for
          Lender's approval,  such approval to be not unreasonably withheld, the
          Targets  (as that term is  defined  in  Paragraph  3.a below) in which
          Borrower  intends to acquire or invest on the securities  thereof with
          the  funds  provided  by such  Second  Funding.  Lender  shall  not be
          required  to provide  any  increment  of the Second  Funding  required
          hereunder on its respective due date if the daily closing market price
          for Borrower's  Stock shall not have been at a price of at least $5.00
          per share price and trading at an average  volume of at least  fifteen
          thousand  (15,000)  shares per day for twenty (20) business during the
          thirty (30) days  preceding the due date of an increment of the Second
          Funding,  instead  providing  such  funding on the day  subsequent  to
          condition  (i) set forth in  Paragraph  2.c above having been met. The
          remaining  increments of the Second Funding shall be provided  monthly
          thereafter  on the  same  day of  each  calendar  month  as the  first
          increment of the Second  Funding  shall have been made,  commencing on
          the next  calendar  month  after the  first  increment  of the  Second
          Funding shall have been made and continuing for  consecutive  calendar
          months  until all three  increments  shall have been  provided,  or as
          otherwise  deemed  necessary  by  mutual  agreement  to  close  Target
          Transactions.

     e.   Simultaneously  with  execution  of  this  Agreement  by the  Parties,
          Borrower  shall  execute a series of  promissory  notes payable to the
          order of Lender (the "Notes") and deliver same to Lender's Attorney to
          be  held  in  escrow  in  accordance   with  the   provisions  of  the
          Subscription  Agreement.  The  Notes  shall be  prepared  by  Lender's
          Attorney,  shall bear interest at 6% per annum before maturity and 18%
          per  annum  after  maturity,  shall  be for a term of one (1) year and
          shall  otherwise  be in form  acceptable  to  Lender.  The  Notes  are
          identified as follows:

               NOTE                    PRINCIPAL AMOUNT
               ----                    ----------------
               Series A                $ 3,500,000
               Series B                $10,500,000
               Series C                $10,500,000
               Series D                $10,500,000
               Series E                $10,000,000
               Series F                $10,000,000
               Series G                $10,000,000

     f.   Upon  receipt by  Borrower  of the First  Traunche,  the Series A Note
          shall be deemed  delivered  to Lender and such date shall be deemed to

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<PAGE>

          be the date on which the  Series A Note was made.  The due date of the
          Series A Note shall be the first anniversary of the Series A Note.

     g.   Upon  receipt by  Borrower of the Second  Traunche,  the Series B Note
          shall be deemed  delivered  to Lender and such date shall be deemed to
          be the date on which the  Series B Note was made.  The due date of the
          Series B Note shall be first anniversary of the Series B Note.

     h.   Upon  receipt by  Borrower  of the Third  Traunche,  the Series C Note
          shall be deemed  delivered  to Lender and such date shall be deemed to
          be the date on which the  Series C Note was made.  The due date of the
          Series C Note shall be the first anniversary of the Series C Note.

     i.   Upon  receipt by  Borrower of the Fourth  Traunche,  the Series D Note
          shall be deemed  delivered  to Lender and such date shall be deemed to
          be the date on which the  Series D Note was made.  The due date of the
          Series D Note shall be the first anniversary of the Series D Note.

     j.   Upon receipt by Borrower of the first increment of the Second Funding,
          the  Series E Note shall be deemed  delivered  to Lender and such date
          shall be deemed  to be the date on which  the  Series E Note was made.
          The due date of the  Series E Note shall be the first  anniversary  of
          the Series E Note.

     k.   Upon  receipt  by  Borrower  of the  second  increment  of the  Second
          Funding,  the  Series F Note shall be deemed  delivered  to Lender and
          such date  shall be  deemed to be the date on which the  Series F Note
          was  made.  The due  date of the  Series  F Note  shall  be the  first
          anniversary of the Series F Note.

     l.   Upon receipt by Borrower of the third increment of the Second Funding,
          the  Series G Note shall be deemed  delivered  to Lender and such date
          shall be deemed  to be the date on which  the  Series G Note was made.
          The due date of the  Series G Note shall be the first  anniversary  of
          the Series G Note.

     m.   Lender's  Attorney is hereby  authorized  and  instructed to enter the
          dates of the  making of the Notes  and their  respective  due dates as
          determined in the preceding subparagraphs.

     n.   In the event any  funds are held or to be held in escrow  pursuant  to

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<PAGE>

          this  Agreement,  the escrow  agent for such funds  shall be  Lender's
          Attorney,  who shall hold and  maintain  such funds  pursuant  to this
          Agreement.  Lender's  Attorney  shall be permitted  to establish  such
          accounts as are reasonable  under the  circumstances so that the party
          or parties  entitled  to the income  therefrom  will be able to derive
          such income.  Lender's Attorney shall be entitled to reimbursement for
          all expenses  incurred and a reasonable fee for the management of such
          accounts and shall be paid for such fee and  expenses,  if any, out of
          the funds in the accounts.

3.   CONDITIONS, REQUIREMENTS, EXCLUSIVE REMEDIES

     a.   Borrower  represents  that the purpose of the  transfer of  Borrower's
          Stock to  Lender  is to  enable  Lender  to raise  capital  to loan to
          Borrower to engage in the  acquisition of assets and/or  investment in
          businesses  (the "Targets") or merger with such Targets related to and
          in connection with the operations of Borrower and its plan for growth.
          Borrower represents that the following Targets constitute the entirety
          of the Targets and their respective  projected  acquisition costs that
          Borrower has  identified  and  disclosed  to Lender and that  Borrower
          intends to acquire or make an  investment  in the  securities  of such
          Targets:

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<PAGE>

     b.   No later than thirty (30)  business  days after  Lender's  Stock shall
          have been deposited to the Designated Accounts, Borrower shall provide
          to Lender an executed contract between Borrower and Targets confirming
          their agreement to the following:

          (i)  that each such Target identified in this Agreement is considering
               being acquired by Borrower or is prepared to accept an investment
               by Borrower and that the projected acquisition cost or investment
               are approximately as stated in this Agreement;

          (ii) that Lender shall have the option of disbursing loan proceeds set
               forth  hereunder to Borrower or directly to a Target on behalf of
               Borrower.

     c.   No later than sixty (60) business days after Lender's Stock shall have
          been deposited to the Designated  Accounts,  Borrower shall produce to
          Lender  letters of intent  executed by the Borrower and by each Target
          confirming and acknowledging (i) the intent of the Borrower to acquire
          or invest in such Target,  (i) the intent of the Target to be acquired
          by or sell its securities to Borrower,  (iii) the financial details of
          each acquisition or investment, and (iv) the projected closing date of
          each acquisition or investment.

     d.   If at any  time  during  the  period  of  funding  of this  loan,  any
          projected closing date for these  acquisitions shall not have occurred
          as stated in the letters of intent,  or any such  closing is not ready
          to occur by the time a funding  is to be made,  a pro rata  portion of
          such funding may, at Lender's  sole option,  be held in escrow and not
          disbursed  or deemed  disbursed  to  Borrower  unless  and until  such
          delayed  closings  shall have  occurred  or are about to occur and for
          which such funds are necessary. The purpose of the last sentence is to
          assure that the proceeds  from this  transaction  are utilized for the
          intended  acquisitions or investments;  provided,  however, that up to
          ten (10%)  percent of the total loan,  as funded,  may be directed and
          disbursed  by  Borrower,  at its  sole  discretion,  to be used in the
          general  operations  of  Borrower.  Borrower  shall  have the right to
          substitute new targets for the Targets  identified  herein;  provided,
          however,  the  acquisition  or  investment  transactions  contemplated
          hereby  shall not change in any  substantial  or material  aspect as a
          result of substitutions.

     e.   Until the First  Traunche  shall have been made, all of Lender's Stock
          shall  remain in the  Designated  Accounts,  except  only in the event

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<PAGE>

          Lender is required to move same for use as  collateral  in raising the
          funds for this loan.  After each funding shall have been made,  Lender
          shall be entitled to transfer, alienate,  hypothecate or encumber that
          number of shares  equal to the  amount  of each  such  funding  at the
          conversion value of such shares. At such time as the Lender shall have
          funded  $14,000,000  of the loan,  Lender shall  thereafter be free to
          transfer, alienate,  hypothecate or encumber all or any portion of the
          Stock.

     f.   Borrower shall have the option,  so long as Borrower is not in default
          of any of the notes,  to  repurchase  Lender's  Stock for the price of
          $14.00 per share.

     g.   The  following  remedies  are  designed  to  give  neither  party  any
          incentive,  reason or  advantage  for  breaching or  terminating  this
          transaction, but instead to give both parties every reason to complete
          the performance of this Agreement:

          (i)  BORROWER'S  REMEDY.  In the event any  funding of the loan is not
               made within ten (10) days after its due date, Borrower shall have
               the option to terminate  further  performance of this transaction
               and obtain return of Lender's Stock remaining encumbered pursuant
               to the Subscription  Agreement executed  simultaneously with this
               Agreement  after  written  notice  to the  Lender  and  three (3)
               business days shall have  thereafter  passed  without cure of the
               failure to fund.  Upon  receipt  of such  notice and lapse of the
               cure period without cure,  Lender and Borrower shall instruct the
               depository  institution  at which  the  Designated  Accounts  are
               located  to  immediately  begin to  effect  the  release  of said
               Lender's Stock and transfer and return of same to Borrower in the
               same  proportionate  ownership as in effect  immediately prior to
               execution of this Agreement.  The Parties  understand that return
               of said  Lender's  Stock may require  certain time as dictated by
               law and/or by the  depository  institution.  The  termination  of
               further  performance  of  this  transaction  and  return  of said
               Lender's Stock shall be the exclusive  remedy of the Borrower for
               Lender's  breach of this  Agreement,  and the Borrower waives any
               other  remedies at law or in equity.  If Borrower  must resort to
               judicial  process in order to obtain  return of such Stock,  then
               Lender shall be responsible to Borrower for reasonable  attorneys
               fees and court costs incurred thereby. In order to facilitate the
               return of said Lender's Stock to the Borrower,  the Parties agree
               that such of Lender's  Stock to which  Borrower shall be entitled
               to obtain return shall be deemed invalid and wrongfully  endorsed
               by mutual consent (with no liability between or among the Parties

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<PAGE>

               for such  invalidity  or wrongful  endorsement),  and the Parties
               shall  take all  reasonable  actions  to obtain  return  thereof,
               including notice of a stop order cancellation.

          (ii) LENDER'S  REMEDY.  In the event  Borrower shall for any reason or
               for no  reason  fail or refuse  to close  the  acquisition  of or
               investment  in the  Targets  in  the  manner  established  by the
               letters of intent,  fundings of the loan may, as stated elsewhere
               herein,  be held in escrow until such time as the  acquisition or
               merger  shall be  closed.  If any of said  closings  do not occur
               within a  reasonable  time after they were  initially  scheduled,
               then the portion of the moneys held in escrow that were earmarked
               for such  failed  closings  shall be  returned  to Lender and the
               total loan amount  shall be deemed to be reduced by the amount of
               such return.

     h.   From the time this  Agreement  is  executed  until such time as Lender
          shall have funded $14,000,000 of the Loan,  Lender's name shall not be
          set  forth in any  press  releases  or other  documents  intended  for
          general  dissemination  or circulation  unless  dictated by regulatory
          requirements, and all releases shall first be made available to Lender
          for review prior to release.

     i.   The chronology of events and requirements hereunder shall be deemed to
          establish a series of conditions  precedent to events and requirements
          subsequent  thereto.  In other words, any event or requirement that is
          to occur  before any other event or  requirement  shall be a condition
          precedent to such other event or requirement, and the failure or delay
          of such  condition  shall be good  reason for the  failure or delay of
          such other event or requirement.

4.   CONTINUING REPRESENTATIONS AND WARRANTIES, SAVINGS CLAUSE, INDEMNIFICATION

     a.   Borrower represents and warrants, which representations and warranties
          shall continue so long as there remains any performance  hereunder due
          by any of the Parties and which shall survive this transaction and its
          full performance, as follows:

          (i)  that  Lender's  Stock  shall be  shares of the  capital  stock of
               Borrower  that  are  non-assessable  and  non-callable  and  that
               Borrower  will  produce  proof of such no later than the time for

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<PAGE>

               producing   letters  of  intent   regarding   acquisition  of  or
               investment in Targets as provided elsewhere herein;

          (ii) that the transactions  set forth herein and  contemplated  hereby
               are fully and completely  authorized by Borrower, do not conflict
               with  and  are  not  in  violation  of  any  of  the  minutes  or
               organizational  documents  of Borrower or any  contracts to which
               the Borrower may be a party;

          (iii)that  Borrower  is and  shall  be in  full  compliance  with  all
               requirements  of  applicable  jurisdictions  and  the  Securities
               Exchange Act of 1934,  as amended and all  applicable  securities
               laws;

          (iv) that the transaction set forth herein and contemplated  hereby is
               not in violation of the provisions of the Securities Exchange Act
               of 1934, as amended; and

          (v)  that Borrower has reviewed this Agreement in its entirety and has
               obtained  independent advice of counsel before executing same, or
               has decided of its own volition  not to seek such counsel  and/or
               to follow advice of such counsel.

     b.   If any term, covenant, condition or provision of this agreement or the
          application  thereof, at any time or to any extent, is held invalid or
          unenforceable,  the remainder of this agreement shall not be affected,
          and each  other  term,  covenant,  condition,  and  provision  of this
          agreement  shall  be  valid  and  enforceable  to the  fullest  extent
          permitted by law.

     c.   Borrower hereby holds Lender harmless and indemnifies  Lender from and
          against any and all  claims,  assertions,  actions,  causes of action,
          damages, losses, costs and attorneys fees that may arise in connection
          with this Agreement and this  transaction  and which may be claimed or
          asserted by persons or entities not party to this Agreement, except as
          may be  asserted by Lender or any  persons or  entities  claiming  by,
          through,  under or against  Lender.  For  purposes of this  paragraph,
          Lender  shall  be  deemed  to  include  Lender's   officers,   agents,
          directors, stockholders, employees and attorneys.

5.   NOTICES

     a.   Any notice required or advisable hereunder, from Borrower to Lender or

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<PAGE>

          from Lender to Borrower, shall be deemed served effective upon receipt
          by the intended recipient and shall be given only by personal delivery
          or by registered or certified mail return receipt requested, addressed
          to the  Borrower or to the Lender.  The  Parties  may  communicate  by
          facsimile  transmission,  but notices  given in this  manner  shall be
          deemed as received  only if such receipt is  explicitly  or implicitly
          acknowledged by the intended recipient. Notices received by a majority
          of the persons and entities in the  Borrower  group shall be deemed as
          received by all of them if such notices have been sent to all of them.
          For  purposes  hereof,  the  following  addresses  and fax numbers are
          furnished:

          (i)  Borrower:

               AmeriStar  Corp.,  c/o AmeriStar  Network,  Inc., 321 North Mall
               Drive,  Suite K-102,  St. George, Utah; Fax: 435-656-1207.

          (ii) Lender:

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

6.   CONFIDENTIALITY

     a.   This  agreement  will  be  maintained  confidential  and  will  not be
          reproduced  in any  manner  whatsoever  to any  person or entity not a
          Party hereto, excluding attorneys engaged by any of the Parties, court
          order or government  order.  Both Parties agree not to circumvent  the
          legitimate   interests   of  the  other,   and  to   maintain   strict
          confidentiality regarding the transaction.

     b.   Each  Party  shall  maintain  the  confidentiality  of trade  secrets,
          techniques and contacts of the other Party.

7.   BROKERS

     The Parties represent and agree that there are no brokers or finders or any
     other  persons or entities  who may be entitled to brokerage or finder's or
     introducer's  fees,  with the sole exception of Jay Bonds,  for whom Lender
     agrees to be solely  responsible  for the  payment of any and all fees that
     may inure to him as a result of the transaction contemplated herein; Lender
     holds Borrower harmless in connection with same. In all other events,  each

                                       10
<PAGE>

     party hereto hereby  indemnifies  and holds the other harmless in the event
     any person or entity  claims or asserts a claim to brokerage or finder's or
     introducer's  fees or the like,  and each  indemnitor  shall  provide  such
     indemnification  in the event a claim is made through that indemnitor.  All
     such  indemnification  shall include  liability,  loss,  damage,  costs and
     attorneys fees.

8.   MISCELLANEOUS

     a.   This  agreement  constitutes  the sole  agreement  between the Parties
          hereto,  with  respect  to the  subject  matter  herein  and cannot be
          amended or waived  except by an  instrument  in writing  signed by the
          Party to be bound  thereby.  Unless and except as  otherwise  provided
          herein, no prior or  contemporaneous  discussions  between or among or
          representations  of any of the Parties  shall be admissible to change,
          modify or amend the provisions hereof.

     b.   This agreement  shall be governed and construed in accordance with the
          laws of the State of Florida.

     c.   Borrower  acknowledges  that  Lender is not  acting as a  mortgage  or
          securities broker or dealer or acting in any capacity as an investment
          advisor as defined under the Investment  Advisors Act of 1940 or other
          similar law. This  agreement is not intended for the purpose of buying
          or trading  securities,  or offering counsel or advice with respect to
          any such activities.  This agreement is a single private  transaction.
          Borrower  has  sought  or  agrees to seek the  advice  of  counsel  in
          connection with the  negotiation  and  consummation of any transaction
          contemplated  hereunder,  or has  waived  such as  provided  otherwise
          herein.

     d.   All  references  herein to dollars shall be deemed to mean currency of
          the United States of America, United States Dollars.

     e.   All references herein to the singular, plural, or any gender, shall be
          deemed to include the  singular,  plural,  and any or all genders,  as
          applicable.

     f.   All references herein to the Stock shall be deemed to include Lender's
          Stock and all certificates representing Lender's Stock.

                                       11
<PAGE>

     g.   This  agreement  is the result of  negotiation  between  and among the
          Parties.  There  shall  not be  applied a rule of  construction  which
          construes  any  provision  hereof or the entirety  hereof  against the
          party who prepared or whose counsel prepared this agreement.

     h.   The Parties  recognize  that Borrower is  contemplating  a merger with
          another  entity,  and it is intended that this Agreement  shall follow
          such merger so that the surviving entity is bound to this Agreement as
          Borrower.

     i.   This agreement may be executed in  counterparts,  and each counterpart
          will be  deemed  as if signed  by all  signatories  who have  signed a
          counterpart.

     j.   Facsimile  copies  hereof,  containing  facsimile  signatures  of  the
          signatories, shall be deemed as originals and given the same operative
          effect and have the same enforceability as originals.

9.   PRIOR AGREEMENTS

     All prior  documents that may appear to be or be deemed to be agreements or
     contracts  between  the  Parties  related  in any way to the  stock  of the
     Corporation are void and of no effect.  The Parties  acknowledge that other
     such  documents  may have been  signed but were never  delivered  or deemed
     delivered  by one party to the other or  considered  by the Parties to have
     created a binding  obligation among them. The Parties agree and acknowledge
     that  this  Agreement  is the first and  final  agreement  between  them in
     relation  to the  Notes  and  Lender's  Stock,  unless  and  except as this
     Agreement may be amended or modified in the manner permitted herein.

                                       12
<PAGE>

                                 SIGNATURE PAGE

IN WITNESS THEREOF,  the Parties have caused this Agreement to be executed as of
the day first above written.

Borrower:                                         Lender:

AMERISTAR CORP.

/s/ Oscar Russell Crandall, Jr.
-------------------------------                   ----------------------------
Oscar Russell Crandall, Jr.                       --------------, Individually
Chairman of the Board

Lender's Attorney, as Escrow Agent:

/s/ Mark A. Marder
-----------------------------------
Mark A. Marder, Esquire

                                       13EXHIBIT 10.3

                             SUBSCRIPTION AGREEMENT

This Subscription  Agreement (the "Subscription  Agreement") is made and entered
into  this  12th  day  of  January,   2000,   by  and  between  ----------------
("Purchaser"), an individual residing at ---------------------------------------
-----, and AmeriStar Corp. and/or assigns (the "Company"),  with offices located
in care of AmeriStar  Network,  Inc.,  321 North Mall Drive,  Suite  K-102,  St.
George, UT 84790.

Purchaser  and the  Company  may  collectively  be  referred  to  herein  as the
"Parties".

                                    RECITALS

WHEREAS,  Purchaser  desires to purchase  and the Company  desires to sell Eight
Million (8,000,000) shares of the common stock of the Company (the "Stock"), and
the  Parties  are  simultaneously  entering  into a Loan  Agreement  (the  "Loan
Agreement"), which is attached hereto and incorporated herein, pursuant to which
Purchaser  intends to loan the Company an aggregate of  Sixty-Five  Million U.S.
Dollars (US$65,000,000);

WHEREAS,  Purchaser has represented to the Company that Purchaser may be able to
utilize  the  Stock to obtain  the funds  aggregating  Sixty-Five  Million  U.S.
Dollars  (US$65,000,000) to loan to the Company in accordance with the terms and
conditions of this Agreement; and

WHEREAS,  the  Company  and  Purchaser  are  willing  to comply  with the herein
contained  terms and  conditions  for the transfer and delivery of the Company's
Stock to  Purchaser  as  hereinafter  set forth  with the  understanding  by the
Parties  that such Stock as is so  transferred  to  Purchaser  will be under the
control and ownership of the Purchaser  during the term of and conditioned  upon
the performance of this Agreement.

NOW, THEREFORE,  in consideration of the herein contained  recitals,  the mutual
covenants  set forth  herein  and other  good and  valuable  consideration,  the
receipt and sufficiency of which are acknowledged, the parties agree as follows:

1.   RECITALS

     The foregoing  recitals  shall be deemed to be a part of this agreement for
     all purposes and not merely recitals.

                                       1
<PAGE>

2.   TRANSFER OF THE STOCK

     a.   The Company  acknowledges that it is concurrently  herewith delivering
          its   certificates   representing   an  aggregate  of  Eight   Million
          (8,000,000)  shares of the Company's  Stock,  which shall be issued as
          sixteen  certificates each representing  500,000 shares (the Stock and
          the  certificates  issued in  Purchaser's  name  shall be  hereinafter
          referred  to as the  "Purchaser's  Stock").  Purchaser  shall have the
          right to cause the  Company to issue any such new  certificate  in the
          name  of  Purchaser's  assignee(s),  and  for  purposes  hereof,  such
          certificates shall be considered to be issued in Purchaser's name.

     b.   The purchase  price for the first Five Million  (5,000,000)  shares of
          the Company's  Stock purchased  hereunder shall be Seven U.S.  Dollars
          ($7.00)  per share,  and the  purchase  price for the balance of Three
          Million  (3,000,000) shares of the Company's Stock purchased hereunder
          shall be Ten U.S. Dollars ($10.00) per share, such purchase price paid
          in accordance  with the provisions of subparagraph e of this Paragraph
          2.

     c.   Upon  execution  of this  Agreement  and  the  issuance  of the  stock
          certificates in Purchaser's name, said certificates shall be delivered
          to Purchaser's attorney, Mark A. Marder ("Purchaser's Attorney"),  for
          subsequent  deposit in  Purchaser's  account or  accounts at a bank or
          other  depository  located in the United  States to be  designated  by
          Purchaser ("Designated Accounts").  Purchaser shall have and enjoy all
          incidents  and indices of ownership of  Purchaser's  Stock.  Purchaser
          intends to utilize the Designated  Accounts and the Stock to raise the
          funds for the loan to the Company.  Upon deposit of Purchaser's  Stock
          into the Designated  Accounts,  Purchaser  shall advise the Company of
          the location of the Designated Accounts and the depository institution
          at which they are located;  PROVIDED,  HOWEVER,  the Company agrees to
          not contact  said institution or cause or permit same
          to be  contacted  in any way on its behalf,  except as is set forth in
          Paragraph 3.g.(i) of the Loan Agreement.

     d.   The Parties  intend for the transfer and deposit of the Stock into the
          Designated  Accounts to be  effectuated  immediately  upon,  or within
          three (3) business days after, execution of this Agreement,  or in the
          event the  Company  has  entered  into an  agreement  to merge  with a
          publicly-held  company, then three (3) business days after that merger
          has  become  effective.  However,  the  Parties  understand  that  the

                                       2
<PAGE>

          transfer  agent and the  depository  institution  may be  governed  by
          procedures,  guidelines  and laws that may cause  these  steps to take
          additional  time. The Parties shall  cooperate and take all reasonable
          measures  to see that these steps are  accomplished  as quickly as the
          transfer agent and depository  institution can effect same,  shall not
          hamper these  procedures in any way, and shall instruct and direct the
          transfer  agent  and  depository  institution  to act with all due and
          reasonable haste.

     e.   Payment  shall be made by delivery to the Company of the Notes  issued
          in  accordance  with  Paragraph  2 of the Loan  Agreement,  which  the
          Company shall have delivered into escrow with Purchaser's Attorney, in
          accordance with the following schedule:

          (i)  The Series A Note  shall be  endorsed  to the  Company as paid in
               full and  delivered to the Company by  Purchaser's  Attorney upon
               funding of the Second  Traunche and delivery of the Series B Note
               to  Purchaser  (which  shall  remain in escrow  with  Purchaser's
               Attorney).

          (ii) The Series B Note  shall be  endorsed  to the  Company as paid in
               full and  delivered to the Company by  Purchaser's  Attorney upon
               funding of the Third  Traunche  and delivery of the Series C Note
               to  Purchaser  (which  shall  remain in escrow  with  Purchaser's
               Attorney).

          (iii)The Series C Note  shall be  endorsed  to the  Company as paid in
               full and  delivered to the Company by  Purchaser's  Attorney upon
               funding of the Fourth  Traunche and delivery of the Series D Note
               to  Purchaser  (which  shall  remain in escrow  with  Purchaser's
               Attorney).

          (iv) The Series D Note  shall be  endorsed  to the  Company as paid in
               full and  delivered to the Company by  Purchaser's  Attorney upon
               funding of the first increment of the Second Funding and delivery
               of the Series E Note to  Purchaser  (which shall remain in escrow
               with Purchaser's Attorney).

                                       3
<PAGE>

          (v)  The Series E Note  shall be  endorsed  to the  Company as paid in
               full and  delivered to the Company by  Purchaser's  Attorney upon
               funding  of the  second  increment  of  the  Second  Funding  and
               delivery of the Series F Note to Purchaser (which shall remain in
               escrow with Purchaser's Attorney).

          (vi) The Series F Note  shall be  endorsed  to the  Company as paid in
               full and  delivered to the Company by  Purchaser's  Attorney upon
               funding of the third increment of the Second Funding and delivery
               of the Series G Note to  Purchaser  (which shall remain in escrow
               with Purchaser's Attorney).

          (vii)The Series G Note  shall be  endorsed  to the  Company as paid in
               full and  delivered to the Company by  Purchaser's  Attorney upon
               the latter of (i) thirty (30)  business  days of the  delivery of
               the  Series G Note to  Purchaser's  Attorney,  or (ii) on the day
               subsequent  to condition  (i) set forth in  Paragraph  2.c of the
               Loan Agreement has been met.

3.   RIGHTS AND PRIVILEGES INCIDENT TO OWNERSHIP OF STOCK

     a.   At all times,  unless provided otherwise herein,  Purchaser shall have
          and enjoy all rights of ownership and possession of Purchaser's  Stock
          free and clear of any  claim of the  Company  or any  person or entity
          claiming  by,  through,  under or  against  the  Company or any of the
          persons or entities comprising the Company. This includes the right to
          vote,  the right to receive  dividends,  and the right to  alienate or
          encumber Purchaser's Stock.

     b.   In the event of the termination of performance hereunder such that the
          Company will be receiving  return of any of  Purchaser's  Stock,  such
          Purchaser's Stock as the Company receives back shall be free and clear
          of any claim of the  Purchaser  or any person or entity  claiming  by,
          through, under or against the Purchaser.

     c.   The Company shall include,  at its sole expense,  Purchaser's Stock in
          any  registration  statement  filed with the  Securities  and Exchange
          Commission (the "SEC") pursuant to a public offering.  Purchaser shall
          have the right,  at any time and at its sole  expense,  to require the
          Company  to file a  registration  statement  with the SEC to  register
          Purchaser's  Stock,  and in the event the Company does not file such a
          registration  statement within a reasonable  time,  Purchaser shall be
          provided with  injunctive  relief,  as well as money damages,  and the
          expense of such registration shall be borne solely by the Company.

                                       4
<PAGE>

4.  CONTINUING REPRESENTATIONS AND WARRANTIES, SAVINGS CLAUSE, INDEMNIFICATION

     a.   The  Company  represents  and  warrants,   which  representations  and
          warranties  shall  continue so long as there  remains any  performance
          hereunder  due by any of the  Parties  and which  shall  survive  this
          transaction and its full performance, as follows:

          (i)  that  Purchaser's  Stock shall be shares of the capital  stock of
               the Company that are non-assessable and non-callable and that the
               Company  will  produce  proof of such no later  than the time for
               producing   letters  of  intent   regarding   acquisition  of  or
               investment in Targets as provided elsewhere herein;

          (ii) that the transactions  set forth herein and  contemplated  hereby
               are  fully  and  completely  authorized  by the  Company,  do not
               conflict  with and are not in  violation of any of the minutes or
               organizational documents of the Company or any contracts to which
               the Company may be a party;

          (iii)that the  Company  is and  shall be in full  compliance  with all
               requirements  of  applicable  jurisdictions  and  the  Securities
               Exchange Act of 1934,  as amended and all  applicable  securities
               laws;

          (iv) that the transaction set forth herein and contemplated  hereby is
               not in violation of the provisions of the Securities Exchange Act
               of 1934, as amended; and

          (v)  that the Company has reviewed this  Agreement in its entirety and
               has obtained independent advice of counsel before executing same,
               or has  decided  of its own  volition  not to seek  such  counsel
               and/or to follow advice of such counsel.

     b.   If any term, covenant, condition or provision of this agreement or the
          application  thereof, at any time or to any extent, is held invalid or
          unenforceable,  the remainder of this agreement shall not be affected,
          and each  other  term,  covenant,  condition,  and  provision  of this
          agreement  shall  be  valid  and  enforceable  to the  fullest  extent
          permitted by law.

                                       5
<PAGE>

     c.   The Company hereby holds Purchaser harmless and indemnifies  Purchaser
          from and against any and all claims,  assertions,  actions,  causes of
          action,  damages,  losses,  costs and attorneys fees that may arise in
          connection  with this Agreement and this  transaction and which may be
          claimed  or  asserted  by  persons  or  entities  not  party  to  this
          Agreement,  except as may be asserted by  Purchaser  or any persons or
          entities  claiming  by,  through,  under  or  against  Purchaser.  For
          purposes  of this  paragraph,  Purchaser  shall be deemed  to  include
          Purchaser's officers, agents, directors,  stockholders,  employees and
          attorneys.

5.   NOTICES

     Any notice required or advisable  hereunder,  from the Company to Purchaser
     or from  Purchaser to the Company,  shall be deemed served  effective  upon
     receipt  by the  intended  recipient  and shall be given  only by  personal
     delivery or by  registered  or  certified  mail return  receipt  requested,
     addressed to the Company or to the Purchaser.  The Parties may  communicate
     by facsimile transmission, but notices given in this manner shall be deemed
     as received only if such receipt is  explicitly or implicitly  acknowledged
     by the intended  recipient.  Notices  received by a majority of the persons
     and  entities  in the  Company  group shall be deemed as received by all of
     them if such  notices have been sent to all of them.  For purposes  hereof,
     the following addresses and fax numbers are furnished:

          The Company:

            AmeriStar  Corp.,  c/o AmeriStar  Network,  Inc., 321 North Mall
            Drive,  Suite K-102,  St. George, Utah; Fax: 435-656-1207.

          Purchaser:

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

6.   CONFIDENTIALITY

     a.   This  agreement  will  be  maintained  confidential  and  will  not be
          reproduced  in any  manner  whatsoever  to any  person or entity not a
          Party hereto, excluding attorneys engaged by any of the Parties, court
          order or government  order.  Both Parties agree not to circumvent  the

                                       6
<PAGE>

          legitimate   interests   of  the  other,   and  to   maintain   strict
          confidentiality regarding the transaction.

     b.   Each  Party  shall  maintain  the  confidentiality  of trade  secrets,
          techniques and contacts of the other Party.

7.   BROKERS

     The Parties represent and agree that there are no brokers or finders or any
     other  persons or entities  who may be entitled to brokerage or finder's or
     introducer's fees, with the sole exception of Jay Bonds, for whom Purchaser
     agrees to be solely  responsible  for the  payment of any and all fees that
     may  inure  to him as a  result  of the  transaction  contemplated  herein;
     Purchaser holds the Company  harmless in connection with same. In all other
     events,  each party hereto hereby  indemnifies and holds the other harmless
     in the event any person or entity claims or asserts a claim to brokerage or
     finder's  or  introducer's  fees or the  like,  and each  indemnitor  shall
     provide  such  indemnification  in the event a claim is made  through  that
     indemnitor. All such indemnification shall include liability, loss, damage,
     costs and attorneys fees.

8.   ACCREDITED INVESTOR REPRESENTATIONS

     a.   DISCLAIMER:   THE  SECURITIES   BEING   PURCHASED   PURSUANT  TO  THIS
          SUBSCRIPTION  AGREEMENT  HAVE NOT BEEN  FILED  OR  REGISTERED  WITH OR
          APPROVED BY THE SECURITIES AND EXCHANGE  COMMISSION  (THE "SEC"),  NOR
          HAS THE  COMMISSION  PASSED  UPON  THE  ACCURACY  OR  ADEQUACY  OF THE
          INFORMATION   SUPPLIED  TO   PURCHASER.   NO  STATE   SECURITIES   LAW
          ADMINISTRATOR HAS PASSED ON OR ENDORSED THE MERITS OF THIS TRANSACTION
          OR  THE  ACCURACY  OR THE  ADEQUACY  OF THE  INFORMATION  SUPPLIED  TO
          PURCHASER. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

     b.   Purchaser  has received all  materials  relating to the Company  which
          Purchaser has  requested.  The Company has answered all inquiries that
          Purchaser  or his or her  representatives  have put to it  relating to
          this  transaction.  Purchaser  has taken all the  steps  necessary  to
          evaluate the merits and risks of an investment in the Company.

                                       7
<PAGE>

     c.   Purchaser has such  knowledge and  experience in finance,  securities,
          investments and other business matters so as to be able to protect his
          interests in connection  with this  transaction,  ad his investment in
          the  Company is not  material  when  compared  to his total  financial
          capacity.

     d.   Purchaser  understands  the  various  risks  of an  investment  in the
          Company and can afford to bear such risks, including,  but not limited
          to, the risks of losing his entire investment. Purchaser is aware that
          the purchase of the Stock is a speculative investment involving a high
          degree of risk,  that there is no  guarantee  that he will realize any
          gain from this  investment and that he could lose the entire amount of
          his investment.

     e.   Purchaser has no need for  liquidity of his  investment in the Company
          and can afford to hold Purchaser's  Stock for a substantial  period of
          time.  Purchaser  is fully  aware that an  investment  in the  Company
          involves significant risks which he may have to bear for an indefinite
          period of time because (i) the Company has no operating history;  (ii)
          the transfer of Purchaser's  Stock is subject to  restrictions;  (iii)
          the Stock has not been  registered  under the  Securities  Act of 1933
          (the "Act") or under the securities laws of any state and,  therefore,
          cannot be resold  unless they are  subsequently  so  registered  or an
          exemption  from  such  registration  is  available;  and  (iv)  he  is
          acquiring the Purchaser's  Stock for investment and not with a view to
          resale or distribution thereof.

     f.   Purchaser  represents  that:  (i) his  commitment to the investment is
          reasonable  in  relation to his net worth;  (ii) he has the  requisite
          knowledge with regard to all of the considerations  involved in making
          this  investment;  (iii) he can bear the  economic  risk of losing his
          entire  investment;  and (iv) his overall  commitment  to  investments
          which are not readily  marketable is not  disproportionate  to his net
          worth and his  investment  in  Purchaser's  Stock  will not cause such
          overall commitment to become excessive.

     g.   Purchaser  represents  that the funds provided for this investment are
          either separate property of Purchaser,  community  property over which
          Purchaser has the right of control or are otherwise  funds as to which
          Purchaser has the sole right of management  and that the source of the
          funds are not from any criminal enterprise.

     h.   Purchaser  is  a  natural  person  who  qualifies  as  an  "accredited
          investor"  as that term is defined in Section  501(a) of  Regulation D
          promulgated under the Act.

                                       8
<PAGE>

9.  MISCELLANEOUS

     a.   This  agreement  constitutes  the sole  agreement  between the Parties
          hereto,  with  respect  to the  subject  matter  herein  and cannot be
          amended or waived  except by an  instrument  in writing  signed by the
          Party to be bound  thereby.  Unless and except as  otherwise  provided
          herein, no prior or  contemporaneous  discussions  between or among or
          representations  of any of the Parties  shall be admissible to change,
          modify or amend the provisions hereof.

     b.   This agreement  shall be governed and construed in accordance with the
          laws of the State of Florida.

     c.   The Company acknowledges that Purchaser is not acting as a mortgage or
          securities broker or dealer or acting in any capacity as an investment
          advisor as defined under the Investment  Advisors Act of 1940 or other
          similar law. This  agreement is not intended for the purpose of buying
          or trading  securities,  or offering counsel or advice with respect to
          any such activities.  This agreement is a single private  transaction.
          The  Company  has  sought or agrees to seek the  advice of  counsel in
          connection with the  negotiation  and  consummation of any transaction
          contemplated  hereunder,  or has  waived  such as  provided  otherwise
          herein.

     d.   All  references  herein to dollars shall be deemed to mean currency of
          the United States of America, United States Dollars.

     e.   All references herein to the singular, plural, or any gender, shall be
          deemed to include the  singular,  plural,  and any or all genders,  as
          applicable.

     f.   All  references  herein  to the  Stock  shall  be  deemed  to  include
          Purchaser's Stock and all certificates representing Purchaser's Stock.

     g.   This  agreement  is the result of  negotiation  between  and among the
          Parties.  There  shall  not be  applied a rule of  construction  which
          construes  any  provision  hereof or the entirety  hereof  against the
          party who prepared or whose counsel prepared this agreement.

     h.   The Parties  recognize that the Company is contemplating a merger with
          another  entity,  and it is intended that this Agreement  shall follow

                                       9
<PAGE>

          such merger so that the surviving entity is bound to this Agreement as
          the  Company.  It is the  intent of the  Parties  that the Stock to be
          issued to the Purchaser is the Stock of the  surviving  entity of such
          merger.  Purchaser  shall be furnished  with an executed  copy of such
          merger  agreement  which  shall  contain  explicit  assumption  by the
          surviving  entity of the rights and duties of the  Company  under this
          Agreement.

     i.   This agreement may be executed in  counterparts,  and each counterpart
          will be  deemed  as if signed  by all  signatories  who have  signed a
          counterpart.

     j.   Facsimile  copies  hereof,  containing  facsimile  signatures  of  the
          signatories, shall be deemed as originals and given the same operative
          effect and have the same enforceability as originals.

10.  PRIOR AGREEMENTS

     All prior  documents that may appear to be or be deemed to be agreements or
     contracts  between the Parties related in any way to the Stock are void and
     of no effect.  The Parties  acknowledge  that other such documents may have
     been signed but were never  delivered  or deemed  delivered by one party to
     the other or considered by the Parties to have created a binding obligation
     among them.  The Parties agree and  acknowledge  that this Agreement is the
     first  and  final  agreement  between  them in  relation  to the  Notes and
     Purchaser's  Stock,  unless and except as this  Agreement may be amended or
     modified in the manner permitted herein.

                                       10
<PAGE>

                                 SIGNATURE PAGE

IN WITNESS THEREOF,  the Parties have caused this Agreement to be executed as of
the day first above written.

The Company:                                         Purchaser:

AmeriStar Corp.

/s/ Oscar Russell Crandall, Jr.
-------------------------------                      ------------------------
Oscar Russell Crandall, Jr.                          -------------
Chairman of the Board                                Individually

Purchaser's Attorney, as Escrow Agent:

/s/ Mark A. Marder
-------------------------------------
Mark A. Marder, Esquire

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