Document:

Exhibit 4.2

THIS WARRANT AND THE COMMON  SHARES  ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE
NOT BEEN REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS AMENDED.  THIS WARRANT
AND THE COMMON  SHARES  ISSUABLE  UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD,
OFFERED  FOR SALE,  PLEDGED  OR  HYPOTHECATED  IN THE  ABSENCE  OF AN  EFFECTIVE
REGISTRATION  STATEMENT  AS TO THIS  WARRANT  UNDER  SAID ACT OR AN  OPINION  OF
COUNSEL  REASONABLY  SATISFACTORY  TO  BESTNET  COMMUNICATIONS  CORP.  THAT SUCH
REGISTRATION IS NOT REQUIRED.

                       Right to Purchase 5,750 Shares of Common Stock of BestNet
                 Communications Corp. (subject to adjustment as provided herein)

                          COMMON STOCK PURCHASE WARRANT

No. 2002-1                                          Issue Date: January __, 2002

     BESTNET COMMUNICATIONS CORP., a corporation organized under the laws of the
State of Nevada (the  "Company"),  hereby  certifies  that, for value  received,
LAURUS MASTER FUND, LTD., or assigns (the "HOLDER"), is entitled, subject to the
terms set forth  below,  to purchase  from the Company  from and after the Issue
Date of this Warrant and at any time or from time to time before 5:00 p.m.,  New
York time, through five (5) years after such date (the "EXPIRATION DATE"), up to
5,750  fully  paid and  nonassessable  shares  of Common  Stock (as  hereinafter
defined),  $.001 par value per share,  of the  Company,  at a purchase  price of
$____ per share (such  purchase price per share as adjusted from time to time as
herein provided is referred to herein as the "PURCHASE  PRICE").  The number and
character of such shares of Common  Stock and the Purchase  Price are subject to
adjustment as provided herein.

     As used herein the following terms,  unless the context otherwise requires,
have the following respective meanings:

     (a) The term "Company" shall include BestNet  Communications  Corp. and any
corporation   which  shall  succeed  or  assume  the   obligations   of  BestNet
Communications Corp. hereunder.

     (b) The term "Common Stock" includes (a) the Company's Common Stock,  $.001
par  value per  share,  as  authorized  on the date of the  Securities  Purchase
Agreement  referred to in Section 9 hereof,  (b) any other  capital stock of any
class or classes  (however  designated)  of the Company,  authorized on or after
such date, the holders of which shall have the right,  without  limitation as to
amount,  either to all or to a share of the  balance  of current  dividends  and
liquidating  dividends after the payment of dividends and  distributions  on any
shares entitled to preference, and the holders of which shall ordinarily, in the
absence of contingencies,  be entitled to vote for the election of a majority of
directors of the Company (even if the right so to vote has been suspended by the
happening of such a contingency)  and (c) any other securities into which or for
which  any of the  securities  described  in (a)  or  (b)  may be  converted  or
exchanged pursuant to a plan of recapitalization,  reorganization,  merger, sale
of assets or otherwise.

     (c) The term  "Other  Securities"  refers to any stock  (other  than Common
Stock) and other  securities  of the Company or any other person  (corporate  or
otherwise)  which the holder of the  Warrant at any time  shall be  entitled  to
receive,  or shall have received,  on the exercise of the Warrant, in lieu of or
in  addition  to Common  Stock,  or which at any time shall be issuable or shall
have been  issued in exchange  for or in  replacement  of Common  Stock or Other
Securities pursuant to Section 4 or otherwise.

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     1. EXERCISE OF WARRANT.

          1.1. NUMBER OF SHARES ISSUABLE UPON EXERCISE.  From and after the date
hereof  through and including the  Expiration  Date,  the holder hereof shall be
entitled to receive,  upon exercise of this Warrant in whole in accordance  with
the  terms  of  subsection  1.2 or  upon  exercise  of this  Warrant  in part in
accordance with  subsection 1.3, shares of Common Stock of the Company,  subject
to adjustment pursuant to Section 4.

          1.2.  FULL  EXERCISE.  This  Warrant may be  exercised  in full by the
holder hereof by delivery of an original or fax copy of the form of subscription
attached as Exhibit A hereto  (the  "SUBSCRIPTION  FORM") duly  executed by such
Holder,  to the Company at its principal  office or at the office of its warrant
agent (as provided hereinafter), accompanied by payment, in cash, wire transfer,
or by certified or official bank check  payable to the order of the Company,  in
the amount  obtained  by  multiplying  the number of shares of Common  Stock for
which this Warrant is then  exercisable  by the Purchase  Price (as  hereinafter
defined) then in effect.

          1.3. PARTIAL EXERCISE.  This Warrant may be exercised in part (but not
for a  fractional  share) by  surrender of this Warrant in the manner and at the
place provided in subsection 1.2 except that the amount payable by the holder on
such partial exercise shall be the amount obtained by multiplying (a) the number
of shares of Common Stock designated by the holder in the  Subscription  Form by
(b) the  Purchase  Price  then in  effect.  On any such  partial  exercise,  the
Company,  at its expense,  will forthwith issue and deliver to or upon the order
of the  holder  hereof a new  Warrant of like  tenor,  in the name of the holder
hereof or as such holder (upon payment by such holder of any applicable transfer
taxes) may request,  the number of shares of Common Stock for which such Warrant
may still be exercised.

          1.4. FAIR MARKET  VALUE.  Fair Market Value of a share of Common Stock
as of a particular  date (the  "DETERMINATION  DATE") shall mean the Fair Market
Value of a share of the Company's Common Stock.  Fair Market Value of a share of
Common Stock as of a Determination Date shall mean:

               (a) If the Company's  Common Stock is traded on an exchange or is
quoted  on the  National  Association  of  Securities  Dealers,  Inc.  Automated
Quotation  ("NASDAQ") National Market System or the NASDAQ SmallCap Market, then
the closing or last sale price, respectively, reported for the last business day
immediately preceding the Determination Date.

               (b) If the Company's Common Stock is not traded on an exchange or
on the NASDAQ National Market System or the NASDAQ SmallCap Market but is traded
on the NASD OTC  Bulletin  Board,  then the mean of the  closing  bid and  asked
prices   reported  for  the  last   business  day   immediately   preceding  the
Determination Date.

               (c) Except as  provided  in clause (d)  below,  if the  Company's
Common Stock is not publicly traded, then as the Holder and the Company agree or
in the absence of agreement by  arbitration  in  accordance  with the rules then
standing of the American Arbitration Association,  before a single arbitrator to
be chosen from a panel of persons qualified by education and training to pass on
the matter to be decided.

               (d) If the  Determination  Date  is the  date  of a  liquidation,
dissolution or winding up, or any event deemed to be a liquidation,  dissolution
or winding up pursuant to the Company's charter,  then all amounts to be payable
per share to holders of the Common Stock pursuant to the charter in the event of
such  liquidation,  dissolution  or  winding  up,  plus all other  amounts to be
payable  per share in  respect  of the  Common  Stock in  liquidation  under the
charter,  assuming for the purposes of this clause (d) that all of the shares of
Common Stock then issuable upon exercise of all of the Warrants are  outstanding
at the Determination Date.

          1.5.  COMPANY  ACKNOWLEDGMENT.  The Company  will,  at the time of the
exercise of the Warrant,  upon the request of the holder hereof  acknowledge  in

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writing its  continuing  obligation to afford to such holder any rights to which
such holder shall continue to be entitled after such exercise in accordance with
the  provisions  of this  Warrant.  If the  holder  shall  fail to make any such
request,  such failure shall not affect the continuing obligation of the Company
to afford to such holder any such rights.

          1.6.  TRUSTEE FOR WARRANT  HOLDERS.  In the event that a bank or trust
company  shall have been  appointed  as trustee for the holders of the  Warrants
pursuant to Subsection 3.2, such bank or trust company shall have all the powers
and duties of a warrant agent (as  hereinafter  described) and shall accept,  in
its own name for the account of the Company or such  successor  person as may be
entitled  thereto,  all  amounts  otherwise  payable  to  the  Company  or  such
successor,  as the case may be, on  exercise  of this  Warrant  pursuant to this
Section 1.

          2.1  DELIVERY OF STOCK  CERTIFICATES,  ETC. ON  EXERCISE.  The Company
agrees that the shares of Common Stock  purchased  upon exercise of this Warrant
shall be deemed to be issued to the holder  hereof as the  record  owner of such
shares as of the close of business on the date on which this Warrant  shall have
been  surrendered  and  payment  made for such shares as  aforesaid.  As soon as
practicable  after the exercise of this  Warrant in full or in part,  and in any
event  within 7 days  thereafter,  the  Company at its  expense  (including  the
payment by it of any applicable issue taxes) will cause to be issued in the name
of and delivered to the holder  hereof,  or as such holder (upon payment by such
holder  of  any  applicable  transfer  taxes)  may  direct  in  compliance  with
applicable Securities Laws, a certificate or certificates for the number of duly
and validly  issued,  fully paid and  nonassessable  shares of Common  Stock (or
Other Securities) to which such holder shall be entitled on such exercise, plus,
in lieu of any  fractional  share  to  which  such  holder  would  otherwise  be
entitled,  cash equal to such fraction  multiplied by the then Fair Market Value
of one full  share,  together  with any  other  stock  or other  securities  and
property  (including  cash,  where  applicable) to which such holder is entitled
upon such exercise pursuant to Section 1 or otherwise.

          2.2. CASHLESS EXERCISE.

               (a)  Payment may be made  either in (i) cash or by  certified  or
official bank check payable to the order of the Company equal to the  applicable
aggregate  Purchase  Price,  (ii) by delivery of  Warrants,  Common Stock and/or
Common Stock receivable upon exercise of the Warrants in accordance with Section
(b) below,  or (iii) by a combination of any of the foregoing  methods,  for the
number of Common Shares specified in such form (as such exercise number shall be
adjusted to reflect any adjustment in the total number of shares of Common Stock
issuable  to the holder  per the terms of this  Warrant)  and the  holder  shall
thereupon be entitled to receive the number of duly authorized,  validly issued,
fully-paid  and  non-assessable  shares  of Common  Stock (or Other  Securities)
determined as provided herein.

               (b) Notwithstanding any provisions herein to the contrary, if the
Fair  Market  Value of one share of Common  Stock is greater  than the  Purchase
Price (at the date of  calculation  as set forth  below),  in lieu of exercising
this  Warrant for cash,  upon  consent of the  Company,  the holder may elect to
receive shares equal to the value (as determined  below) of this Warrant (or the
portion  thereof being  cancelled) by surrender of this Warrant at the principal
office of the Company together with the properly  endorsed  Subscription Form in
which event the  Company  shall issue to the holder a number of shares of Common
Stock computed using the following formula:

                                    X= Y (A-B)
                                       -------
                                          A

          Where X = the  number of  shares  of Common  Stock to be issued to the
                    holder

                Y = the number of shares of Common Stock  purchasable  under the
                    Warrant  or,  if only a  portion  of the  Warrant  is  being
                    exercised,  the portion of the Warrant  being  exercised (at
                    the date of such calculation)

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                A = the Fair Market Value of one share of the  Company's  Common
                    Stock (at the date of such calculation)

                B = Purchase Price (as adjusted to the date of such calculation)

     3. ADJUSTMENT FOR REORGANIZATION, CONSOLIDATION, MERGER, ETC.

          3.1. REORGANIZATION,  CONSOLIDATION,  MERGER, ETC. In case at any time
or from  time to time,  the  Company  shall  (a)  effect a  reorganization,  (b)
consolidate  with or  merge  into  any  other  person,  or (c)  transfer  all or
substantially all of its properties or assets to any other person under any plan
or arrangement  contemplating the dissolution of the Company, then, in each such
case,  as a condition  to the  consummation  of such a  transaction,  proper and
adequate  provision  shall be made by the  Company  whereby  the  holder of this
Warrant,  on the exercise  hereof as provided in Section 1 at any time after the
consummation of such  reorganization,  consolidation  or merger or the effective
date of such  dissolution,  as the case may be,  shall  receive,  in lieu of the
Common  Stock (or Other  Securities)  issuable  on such  exercise  prior to such
consummation or such effective date, the stock and other securities and property
(including  cash) to which  such  holder  would  have  been  entitled  upon such
consummation or in connection with such dissolution, as the case may be, if such
holder had so exercised this Warrant,  immediately prior thereto, all subject to
further adjustment thereafter as provided in Section 4.

          3.2.  DISSOLUTION.  In the  event of any  dissolution  of the  Company
following the transfer of all or substantially  all of its properties or assets,
the Company, prior to such dissolution, shall at its expense deliver or cause to
be delivered the stock and other securities and property  (including cash, where
applicable)  receivable by the holders of the Warrants  after the effective date
of such dissolution pursuant to this Section 3 to a bank or trust company having
its  principal  office in New York,  NY, as trustee for the holder or holders of
the Warrants.

          3.3.  CONTINUATION OF TERMS. Upon any  reorganization,  consolidation,
merger or transfer (and any dissolution  following any transfer)  referred to in
this  Section 3, this  Warrant  shall  continue in full force and effect and the
terms hereof shall be applicable to the shares of stock and other securities and
property  receivable on the exercise of this Warrant after the  consummation  of
such   reorganization,   consolidation  or  merger  or  the  effective  date  of
dissolution  following  any such  transfer,  as the case  may be,  and  shall be
binding upon the issuer of any such stock or other securities, including, in the
case of any such transfer,  the person acquiring all or substantially all of the
properties  or assets of the  Company,  whether  or not such  person  shall have
expressly  assumed  the terms of this  Warrant as  provided in Section 4. In the
event  this  Warrant  does not  continue  in full  force  and  effect  after the
consummation of the  transaction  described in this Section 3, then only in such
event  will  the  Company's  securities  and  property  (including  cash,  where
applicable)  receivable  by the  holders of the  Warrants  be  delivered  to the
Trustee as contemplated by Section 3.2.

          3.4. SHARE ISSUANCE. Except for the Excepted Issuances as described in
Section 10 of the Purchase Agreement, if the Company at any time shall issue any
shares of Common  Stock prior to the  complete  exercise  of this  Warrant for a
consideration  less than the Purchase  Price that would be in effect at the time
of such issue,  then,  and  thereafter  successively  upon each such issue,  the
Purchase  Price shall be reduced as follows:  (i) the number of shares of Common
Stock  outstanding  immediately  prior to such issue shall be  multiplied by the
Purchase  Price in effect at the time of such  issue  and the  product  shall be
added to the aggregate consideration,  if any, received by the Company upon such
issue of additional  shares of Common Stock;  and (ii) the sum so obtained shall

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be divided by the number of shares of Common Stock outstanding immediately after
such issue.  The resulting  quotient shall be the adjusted  Purchase Price.  For
purposes  of this  adjustment,  the  issuance  of any  security  of the  Company
carrying  the right to convert such  security  into shares of Common Stock or of
any  warrant,  right or option  to  purchase  Common  Stock  shall  result in an
adjustment  to the  Purchase  Price upon the  issuance of shares of Common Stock
upon exercise of such conversion or purchase rights.

     4.  EXTRAORDINARY  EVENTS  REGARDING  COMMON  STOCK.  In the event that the
Company shall (a) issue  additional  shares of the Common Stock as a dividend or
other  distribution on outstanding  Common Stock,  (b) subdivide its outstanding
shares of Common  Stock,  or (c)  combine its  outstanding  shares of the Common
Stock into a smaller  number of shares of the Common  Stock,  then, in each such
event,  the Purchase  Price  shall,  simultaneously  with the  happening of such
event,  be adjusted by multiplying  the then Purchase  Price by a fraction,  the
numerator  of which  shall be the number of shares of Common  Stock  outstanding
immediately prior to such event and the denominator of which shall be the number
of shares of Common  Stock  outstanding  immediately  after such event,  and the
product so obtained shall  thereafter be the Purchase Price then in effect.  The
Purchase Price, as so adjusted,  shall be readjusted in the same manner upon the
happening of any successive  event or events described herein in this Section 4.
The  number of shares of Common  Stock  that the  holder of this  Warrant  shall
thereafter,  on the  exercise  hereof as  provided  in Section 1, be entitled to
receive shall be increased to a number  determined by multiplying  the number of
shares of Common  Stock that would  otherwise  (but for the  provisions  of this
Section 4) be issuable on such exercise by a fraction of which (a) the numerator
is the  Purchase  Price that would  otherwise  (but for the  provisions  of this
Section 4) be in effect, and (b) the denominator is the Purchase Price in effect
on the date of such exercise.

     5.  CERTIFICATE  AS TO  ADJUSTMENTS.  In  each  case of any  adjustment  or
readjustment in the shares of Common Stock (or Other Securities) issuable on the
exercise of the  Warrants,  the Company at its expense will  promptly  cause its
Chief Financial Officer or other appropriate designee to compute such adjustment
or  readjustment  in  accordance  with the terms of the  Warrant  and  prepare a
certificate  setting forth such adjustment or readjustment and showing in detail
the facts upon which such  adjustment  or  readjustment  is based,  including  a
statement of (a) the consideration received or receivable by the Company for any
additional shares of Common Stock (or Other Securities) issued or sold or deemed
to have been issued or sold,  (b) the number of shares of Common Stock (or Other
Securities) outstanding or deemed to be outstanding,  and (c) the Purchase Price
and the number of shares of Common  Stock to be received  upon  exercise of this
Warrant,  in effect  immediately prior to such adjustment or readjustment and as
adjusted or readjusted as provided in this Warrant.  The Company will  forthwith
mail a copy of each  such  certificate  to the  holder  of the  Warrant  and any
Warrant agent of the Company (appointed pursuant to Section 11 hereof).

     6. RESERVATION OF STOCK,  ETC.  ISSUABLE ON EXERCISE OF WARRANT;  FINANCIAL
STATEMENTS. The Company will at all times reserve and keep available, solely for
issuance  and  delivery on the  exercise of the  Warrants,  all shares of Common
Stock (or Other  Securities)  from time to time  issuable on the exercise of the
Warrant.  This  Warrant  entitles  the holder  hereof to  receive  copies of all
financial and other information distributed or required to be distributed to the
holders of the Company's Common Stock.

     7. ASSIGNMENT;  EXCHANGE OF WARRANT.  Subject to compliance with applicable
Securities  laws,  this  Warrant,  and  the  rights  evidenced  hereby,  may  be
transferred by any registered holder hereof (a "TRANSFEROR") with respect to any
or all of the Shares.  On the surrender  for exchange of this Warrant,  with the
Transferor's  endorsement  in  the  form  of  Exhibit  B  attached  hereto  (the
"TRANSFEROR   ENDORSEMENT   FORM")  and  together   with   evidence   reasonably
satisfactory to the Company demonstrating  compliance with applicable Securities
Laws,  the  Company at its  expense but with  payment by the  Transferor  of any
applicable  transfer  taxes)  will  issue and  deliver to or on the order of the
Transferor  thereof a new Warrant or Warrants of like tenor,  in the name of the
Transferor  and/or the  transferee(s)  specified in such Transferor  Endorsement
Form  (each a  "TRANSFEREE"),  calling  in the  aggregate  on the  face or faces
thereof for the number of shares of Common Stock called for on the face or faces
of the Warrant so surrendered by the Transferor.

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     8. REPLACEMENT OF WARRANT. On receipt of evidence  reasonably  satisfactory
to the Company of the loss,  theft,  destruction  or  mutilation of this Warrant
and, in the case of any such loss,  theft or  destruction  of this  Warrant,  on
delivery of an indemnity agreement or security  reasonably  satisfactory in form
and amount to the Company or, in the case of any such  mutilation,  on surrender
and  cancellation  of this Warrant,  the Company at its expense will execute and
deliver, in lieu thereof, a new Warrant of like tenor.

     9. REGISTRATION RIGHTS. The Holder of this Warrant has been granted certain
registration rights by the Company. These registration rights are set forth in a
Securities  Purchase  Agreement entered into by the Company and Purchaser of the
Company's  Series C Convertible  Preferred Stock (the  "PREFERRED  STOCK") at or
prior to the issue date of this Warrant.  The terms of the  Securities  Purchase
Agreement  are  incorporated  herein  by  reference.  Upon the  occurrence  of a
Non-Registration Event as described in the Securities Purchase Agreement, in the
event the Company is unable to issue Common Stock upon  exercise of this Warrant
that has been  registered  in the  Registration  Statement  described in Section
9.1(d) of the Securities Purchase  Agreement,  within the time periods described
in the  Securities  Purchase  Agreement,  which  Registration  Statement must be
effective  throughout  the exercise  period of this  Warrant,  then upon written
demand made by the Holder,  the Company will pay to the Holder of this  Warrant,
in lieu of delivering  Common Stock, a sum equal to the closing ask price of the
Company's  Common Stock on the  Principal  Market (as defined in the  Securities
Purchase  Agreement) or such other  principal  trading  market for the Company's
Common Stock on the trading date immediately  preceding the date notice is given
by the  Holder,  less the  Purchase  Price,  for  each  share  of  Common  Stock
designated in such notice from the Holder.

     10.  MAXIMUM  EXERCISE.  The Holder shall not be entitled to exercise  this
Warrant on an exercise date, in connection  with that number of shares of Common
Stock  which would be in excess of the sum of (i) the number of shares of Common
Stock  beneficially  owned by the Holder and its affiliates on an exercise date,
and (ii) the number of shares of Common Stock issuable upon the exercise of this
Warrant with respect to which the determination of this proviso is being made on
an exercise date,  which would result in beneficial  ownership by the Holder and
its affiliates of more than 4.99% of the  outstanding  shares of Common Stock of
the Company on such date.  For the  purposes  of the proviso to the  immediately
preceding sentence,  beneficial ownership shall be determined in accordance with
Section 13(d) of the Securities Exchange Act of 1934, as amended, and Regulation
13d-3 thereunder.  Subject to the foregoing,  the Holder shall not be limited to
aggregate  exercises which would result in the issuance of more than 4.99%.  The
restriction described in this paragraph may be revoked upon 75 days prior notice
from the Holder to the Company or upon an Event of Default  under the  Preferred
Stock.  The  Holder  may  allocate  which of the  equity of the  Company  deemed
beneficially  owned by the  Subscriber  shall be  included  in the 4.99%  amount
described above and which shall be allocated to the excess above 4.99%.

     11. WARRANT AGENT. The Company may, by written notice to the each holder of
the Warrant,  appoint an agent for the purpose of issuing Common Stock (or Other
Securities)  on the exercise of this Warrant  pursuant to Section 1,  exchanging
this  Warrant  pursuant to Section 7, and  replacing  this  Warrant  pursuant to
Section 8, or any of the foregoing,  and thereafter any such issuance,  exchange
or replacement, as the case may be, shall be made at such office by such agent.

     12. TRANSFER ON THE COMPANY'S  BOOKS.  Until this Warrant is transferred on
the books of the Company,  the Company may treat the registered holder hereof as
the absolute  owner hereof for all purposes,  notwithstanding  any notice to the
contrary.

     13. NOTICES,  ETC. All notices and other communications from the Company to
the  holder  of this  Warrant  shall be  mailed  by first  class  registered  or
certified mail,  postage prepaid,  at such address as may have been furnished to

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the Company in writing by such holder or, until any such holder furnishes to the
Company an  address,  then to, and at the  address  of, the last  holder of this
Warrant who has so furnished an address to the Company.

     14. VOLUNTARY ADJUSTMENT BY THE COMPANY. The company may at any time during
the term of this Warrant  reduce the then current  Exercise  Price to any amount
and for any period of time deemed  appropriate  by the Board of Directors of the
Company.

     15. MISCELLANEOUS. This Warrant and any term hereof may be changed, waived,
discharged  or terminated  only by an instrument in writing  signed by the party
against which  enforcement of such change,  waiver,  discharge or termination is
sought.  This Warrant shall be governed by and construed in accordance  with the
laws of State of New York without regard to principles of conflicts of laws. Any
action brought concerning the transactions contemplated by this Warrant shall be
brought only in the state courts of New York or in the federal courts located in
the state of New York. The  individuals  executing this Warrant on behalf of the
Company  agree to submit to the  jurisdiction  of such courts and waive trial by
jury. The prevailing party shall be entitled to recover from the other party its
reasonable  attorney's  fees and costs.  In the event that any provision of this
Warrant is invalid or unenforceable under any applicable statute or rule of law,
then  such  provision  shall be deemed  inoperative  to the  extent  that it may
conflict  therewith and shall be deemed modified to conform with such statute or
rule of law. Any such provision which may prove invalid or  unenforceable  under
any law shall not affect the validity or  enforceability  of any other provision
of this  Warrant.  The  headings in this  Warrant are for  purposes of reference
only,  and shall not limit or  otherwise  affect  any of the terms  hereof.  The
invalidity or  unenforceability  of any provision  hereof shall in no way affect
the validity or enforceability of any other provision.  The Company acknowledges
that  legal  counsel  participated  in the  preparation  of  this  Warrant  and,
therefore,  stipulates that the rule of construction  that ambiguities are to be
resolved  against the drafting party shall not be applied in the  interpretation
of this Warrant to favor any party against the other party.

                      [THIS SPACE INTENTIONALLY LEFT BLANK]

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     IN WITNESS WHEREOF,  the Company has executed this Warrant under seal as of
the date first written above.

                                    BESTNET COMMUNICATIONS CORP.

                                    By:_________________________________

Witness:

_________________________________

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                                                                       Exhibit A

                              FORM OF SUBSCRIPTION
                   (To be signed only on exercise of Warrant)

TO:  BestNet Communications Corp.

The  undersigned,  pursuant to the provisions set forth in the attached  Warrant
(No.____), hereby irrevocably elects to purchase (check applicable box):

___  ________ shares of the Common Stock covered by such Warrant; or

___  the  maximum  number  of shares of Common  Stock  covered  by such  Warrant
pursuant to the cashless exercise procedure set forth in Section 2.

The  undersigned  herewith  makes  payment of the full  purchase  price for such
shares  at  the  price  per  share  provided  for  in  such  Warrant,  which  is
$___________. Such payment takes the form of (check applicable box or boxes):

___  $__________ in lawful money of the United States; and/or

___  the  cancellation of such portion of the attached Warrant as is exercisable
for a total of _______  shares of Common  Stock  (using a Fair  Market  Value of
$_______ per share for purposes of this calculation); and/or

___  the  cancellation of such number of shares of Common Stock as is necessary,
in accordance  with the formula set forth in Section 2, to exercise this Warrant
with  respect  to the  maximum  number of shares  of Common  Stock  purchaseable
pursuant to the cashless exercise procedure set forth in Section 2.

The undersigned  requests that the certificates for such shares be issued in the
name   of,   and   delivered   to   ____________________    whose   address   is
_______________________________________________________________________________.

The  undersigned  represents  and  warrants  that all  offers  and  sales by the
undersigned of the securities issuable upon exercise of the within Warrant shall
be made pursuant to registration of the Common Stock under the Securities Act of
1933,  as amended  (the  "Securities  Act") or  pursuant  to an  exemption  from
registration under the Securities Act.

Dated:___________________              _________________________________________
                                       (Signature must conform to name of holder
                                        as specified on the face of the Warrant)
                                       _________________________________________
                                      (Address)

                                       9
<PAGE>
                                                                       Exhibit B

                         FORM OF TRANSFEROR ENDORSEMENT
                   (To be signed only on transfer of Warrant)

     For value received,  the undersigned hereby sells,  assigns,  and transfers
unto the  person(s)  named  below  under  the  heading  "Transferees"  the right
represented  by the within  Warrant to  purchase  the  percentage  and number of
shares of Common  Stock of  BestNet  Communications  Corp.  to which the  within
Warrant  relates  specified  under the  headings  "Percentage  Transferred"  and
"Number Transferred,"  respectively,  opposite the name(s) of such person(s) and
appoints each such person Attorney to transfer its respective right on the books
of BestNet Communications Corp. with full power of substitution in the premises.

--------------------------------------------------------------------------------
                                 PERCENTAGE                      NUMBER
     TRANSFEREES                 TRANSFERRED                   TRANSFERRED
--------------------------------------------------------------------------------

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

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

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

Dated: ________________, __ ___        _________________________________________
                                       (Signature must conform to name of holder
                                        as specified on the face of the warrant)

Signed in the presence of:

_______________________________        _________________________________________
            (Name)                                     (address)

                                       _________________________________________
ACCEPTED AND AGREED:                                   (address)
[TRANSFEREE]

_______________________________
           (Name)

                                       10Exhibit 10.1

                          BESTNET COMMUNICATIONS CORP.

                            STOCK PURCHASE AGREEMENT

                                FEBRUARY 21, 2002
<PAGE>
                                TABLE OF CONTENTS

                                                                            PAGE

ARTICLE I     SALE AND PURCHASE OF SHARES..................................    1

     1.1.     Sale and Purchase of Shares..................................    1

ARTICLE II    CLOSING, DELIVERY AND PAYMENT................................    1

     2.1.     Closing......................................................    1

     2.2.     Deliveries by the Company....................................    2

     2.3.     Deliveries by Buyer..........................................    2

ARTICLE III   REPRESENTATIONS AND WARRANTIES OF THE COMPANY................    2

     3.1.     Organization, Good Standing and Qualification................    2

     3.2.     Subsidiaries.................................................    2

     3.3.     Capitalization; Voting Rights................................    2

     3.4.     Authorization; Binding Obligations...........................    3

     3.5.     Liabilities..................................................    3

     3.6.     Agreements; Action...........................................    3

     3.7.     Obligations to Related Parties...............................    4

     3.8.     Changes......................................................    5

     3.9.     Title to Properties and Assets; Liens, Etc. .................    6

     3.10.    Intellectual Property........................................    6

     3.11.    Compliance with Other Instruments............................    6

     3.12.    Litigation...................................................    7

     3.13.    Tax Returns and Payments.....................................    7

     3.14.    Employees....................................................    7

     3.15.    Registration Rights and Voting Rights........................    8

     3.16.    Compliance with Laws; Permits................................    8

     3.17.    Environmental and Safety Laws................................    8

     3.18.    Full Disclosure..............................................    8

     3.19.    Insurance....................................................    9

     3.20.    SEC Reports..................................................    9

     3.21.    No Market Manipulation.......................................    9

     3.22.    Listing......................................................    9

                                      -i-
<PAGE>
                               TABLE OF CONTENTS
                                  (continued)

                                                                            PAGE

ARTICLE IV    REPRESENTATIONS AND WARRANTIES OF THE PURCHASER..............    9

     4.1.     Requisite Power and Authority................................    9

     4.2.     Investment Representations...................................   10

     4.3.     Purchaser Bears Economic Risk................................   10

     4.4.     Purchaser Can Protect Its Interest...........................   10

     4.5.     Accredited Investor..........................................   10

     4.6.     Legends......................................................   10

ARTICLE V     CONDITIONS TO THE COMPANY'S AND PURCHASER'S OBLIGATIONS......   10

     5.1.     Conditions to Obligations of the Company.....................   10

     5.2.     Conditions to Obligations of the Purchaser...................   11

ARTICLE VI    MISCELLANEOUS................................................   11

     6.1.     Governing Law................................................   11

     6.2.     Survival.....................................................   12

     6.3.     Assignment...................................................   12

     6.4.     Entire Agreement.............................................   12

     6.5.     Severability.................................................   12

     6.6.     Amendment and Waiver.........................................   12

     6.7.     Delays or Omissions..........................................   12

     6.8.     Notices......................................................   12

     6.9.     Costs and Expenses...........................................   13

     6.10.    Titles and Subtitles.........................................   13

     6.11.    Counterparts/Fax Signatures..................................   13

     6.12.    Broker's Fees................................................   14

     6.13.    Construction.................................................   14

     6.14.    Further Assurances...........................................   14

                                      -ii-
<PAGE>
                            STOCK PURCHASE AGREEMENT

     THIS STOCK PURCHASE AGREEMENT (the "Agreement") is made and entered into as
of February  21,  2002,  by and among  BestNet  Communications  Corp.,  a Nevada
corporation (the "Company"), and Jay Greig, Ph.D. (the "Purchaser").

                                    RECITALS

     WHEREAS, the Company has authorized the sale of shares of its common stock,
par value $0.001 per share ("Common Stock");

     WHEREAS,  Purchaser  desires  to  purchase  Common  Stock on the  terms and
conditions set forth herein; and

     WHEREAS, the Company desires to issue and sell Common Stock to Purchaser on
the terms and conditions set forth herein.

                                    AGREEMENT

     NOW,  THEREFORE,  in consideration of the foregoing recitals and the mutual
promises,  representations,  warranties and covenants  hereinafter set forth and
for other good and valuable consideration,  the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:

                                   ARTICLE I

                           SALE AND PURCHASE OF SHARES

     1.1. SALE AND PURCHASE OF SHARES.  Pursuant to the terms and conditions set
forth in this  Agreement,  on the Closing Date (as defined in Section 2.1),  the
Company  agrees to sell to the  Purchaser,  and the  Purchaser  hereby agrees to
purchase from the Company $250,000 (the "Purchase Price") of Common Stock priced
at a 35%  discount  from the average of the lowest bid price of the Common Stock
at closing as reported by Bloomberg  Financial for the NASD OTC Bulletin  Board,
for the ten (10) trading days  preceding but not including the Closing Date (the
"Purchased Securities").

                                   ARTICLE II

                         CLOSING, DELIVERY AND PAYMENT.

     2.1.  CLOSING.  Subject  to the  conditions  stated  in  Article  5 of this
Agreement,  the closing of the transactions  contemplated hereby (the "Closing")
shall be held on such date and at such time as the parties  may agree,  provided
however,  that such Closing shall not occur later than the fifth (5th)  business
day after the condition set forth in Section 5.2(a) has been  satisfied,  at the
offices of Squire,  Sanders & Dempsey L.L.P. Two Renaissance Square, Suite 2700,
40 North Central Avenue,  Phoenix,  Arizona 85004-4498.  The date upon which the
Closing  occurs is  hereinafter  referred to as the "Closing  Date." The Closing
shall be deemed  completed  as of 12:01 a.m. New York time on the morning of the
Closing Date.
<PAGE>
     2.2. DELIVERIES BY THE COMPANY.  At the Closing,  the Company shall deliver
to Purchaser:

          (a) certificates representing the Purchased Securities;

          (b) a  certificate  executed  by the  Company to the  effect  that the
conditions set forth in Section 5.2(a) have been satisfied; and

          (c) the Company's Officer's Certificate.

     2.3. DELIVERIES BY BUYER. At the Closing, Buyer shall deliver to Seller:

          (a) the  Purchase  Price  in the  form of  certified  funds or by wire
transfer;

          (b) a certificate  executed by an authorized  officer of the Buyer, on
behalf of the Buyer,  to the  effect  that the  conditions  set forth in SECTION
6.1(b) have been satisfied; and

          (c) the Purchaser's Officer's Certificate.

                                  ARTICLE III

                 REPRESENTATIONS AND WARRANTIES OF THE COMPANY.

     The Company hereby  represents and warrants to the Purchaser as of the date
of this Agreement as set forth below.

     3.1.  ORGANIZATION,  GOOD  STANDING  AND  QUALIFICATION.  The  Company is a
corporation duly organized, validly existing and in good standing under the laws
of the State of  Nevada.  The  Company  has all  requisite  corporate  power and
authority to own and operate its properties  and assets,  to execute and deliver
this  Agreement,  to issue and sell the  Purchased  Securities  to carry out the
provisions of this Agreement and to carry on its business as presently conducted
and as presently proposed to be conducted.  The Company is duly qualified and is
authorized  to do business and is in good standing as a foreign  corporation  in
all  jurisdictions  in which the nature of its  activities and of its properties
(both owned and leased)  makes such  qualification  necessary,  except for those
jurisdictions in which failure to do so would not have a material adverse effect
on the Company or its business.

     3.2.  SUBSIDIARIES.  Except as disclosed on Schedule  3.2, the Company does
not  own or  control  any  equity  security  or  other  interest  of  any  other
corporation,  limited  partnership  or other business  entity.  If any entity is
listed on  Schedule  3.2 and the  Company  owns a  controlling  interest in such
entity,  each of the  representations and warranties set forth in this Article 3
are being hereby  restated with respect to such entity  (modified as appropriate
to the nature of such entity.)

     3.3. CAPITALIZATION; VOTING RIGHTS.

          (a) As of February  15,  2002,  the  authorized  capital  stock of the
Company consists of (i) 50,000,000  shares of Common Stock, par value $0.001 per
share,  15,325,755  shares  of  which  are  issued  and  outstanding,  and  (ii)

                                       2
<PAGE>
10,000,000  shares of  Preferred  Stock,  par value  $0.001 per share,  3,202.14
shares of which are issued and outstanding.

          (b)  Except  as  disclosed  on  Schedule  3.3  hereto,  there  are  no
outstanding options, warrants, rights (including conversion or preemptive rights
and rights of first refusal),  proxy or stockholder agreements,  or arrangements
or  agreements of any kind for the purchase or  acquisition  from the Company of
any of its  securities.  Neither  the  offer,  issuance  or  sale  of any of the
Purchased  Securities,  nor the  consummation  of any  transaction  contemplated
hereby will result in a change in the price or number of any  securities  of the
Company  outstanding,  under anti-dilution or other similar provisions contained
in or affecting any such securities.

          (c) All issued and  outstanding  shares of the Company's  Common Stock
(i) have  been  duly  authorized  and  validly  issued  and are  fully  paid and
nonassessable  and (ii) were, to the Company's  knowledge,  issued in compliance
with  all  applicable   state  and  federal  laws  concerning  the  issuance  of
securities.

          (d) The Purchased  Securities have been duly and validly  reserved for
issuance.  When issued and paid for in  compliance  with the  provisions of this
Agreement,  the  Purchased  Securities  will be validly  issued,  fully paid and
nonassessable,  and will be free of any liens or encumbrances,  except for liens
or encumbrances placed on such securities by the Purchaser;  PROVIDED,  HOWEVER,
that the Purchased  Securities may be subject to  restrictions on transfer under
state  and/or  federal  securities  laws as set  forth  herein  or as  otherwise
required by such laws at the time a transfer is proposed.

     3.4. AUTHORIZATION;  BINDING OBLIGATIONS.  All corporate action on the part
of the Company,  its  officers,  directors  and  stockholders  necessary for the
authorization  of this  Agreement,  the  performance  of all  obligations of the
Company  hereunder  at the Closing and the  authorization,  sale,  issuance  and
delivery of the Purchased  Securities  pursuant hereto has been taken or will be
taken prior to the Closing. The Agreement,  when executed and delivered, will be
a valid and binding obligation of the Company enforceable in accordance with its
terms,   except   (a)  as   limited  by   applicable   bankruptcy,   insolvency,
reorganization,  moratorium  or  other  laws of  general  application  affecting
enforcement  of  creditors'  rights,  and (b) general  principles of equity that
restrict the  availability  of  equitable  remedies.  The sale of the  Purchased
Securities are not and will not be subject to any preemptive rights or rights of
first refusal that have not been properly waived or complied with.

     3.5.  LIABILITIES.  Except as set forth in the SEC  Reports  (as defined in
Section 3.20),  the Company has no material  liabilities  and, to its knowledge,
knows of no material contingent liabilities, except current liabilities incurred
in the ordinary course of business which have not been, either in any individual
case or in the aggregate, materially adverse.

     3.6. AGREEMENTS; ACTION.

          (a) Except as set forth in the SEC Reports,  there are no  agreements,
understandings,   instruments,  contracts,  proposed  transactions,   judgments,
orders,  writs or decrees to which the Company is a party,  or to its knowledge,
by which it is bound which may involve (i) obligations (contingent or otherwise)
of, or payments to, the Company in excess of $50,000 (other than obligations of,

                                       3
<PAGE>
or payments to, the Company  arising from  purchase or sale  agreements  entered
into in the ordinary course of business), or (ii) the transfer or license of any
patent,  copyright,  trade  secret  or  other  proprietary  right to or from the
Company  (other than  licenses  arising  from the purchase of "off the shelf" or
other standard  products),  or (iii)  provisions  restricting  the  development,
manufacture or  distribution of the Company's  products or services,  other than
those with  respect  to the  Softalk  license,  or (iv)  indemnification  by the
Company with respect to infringements of proprietary rights.

          (b) Except as set forth on SCHEDULE  3.6(b) hereto,  since the date of
the  Company's  most recent Form 10-QSB the Company has not (i) declared or paid
any dividends,  or authorized or made any  distribution  upon or with respect to
any class or series of its capital  stock,  (ii) incurred any  indebtedness  for
money borrowed or any other liabilities individually in excess of $50,000 or, in
the case of indebtedness  and/or liabilities  individually less than $50,000, in
excess of  $100,000  in the  aggregate,  (iii) made any loans or advances to any
person,  other  than  ordinary  advances  for  travel  expenses,  or (iv)  sold,
exchanged or otherwise  disposed of any of its assets or rights,  other than the
sale of its inventory in the ordinary course of business.

          (c)  For  the  purposes  of  subsections   (a)  and  (b)  above,   all
indebtedness,  liabilities, agreements,  understandings,  instruments, contracts
and proposed transactions involving the same person or entity (including persons
or entities the Company has reason to believe are affiliated therewith) shall be
aggregated for the purpose of meeting the  individual  minimum dollar amounts of
such subsections.

          (d)  The  Company  has  not  engaged  in the  past  two  years  in any
discussion  (i) with  any  representative  of any  corporation  or  corporations
regarding  the  consolidation  or  merger of the  Company  with or into any such
corporation or corporations, (ii) with any corporation, partnership, association
or other  business  entity or any individual  regarding the sale,  conveyance or
disposition  of all or  substantially  all of the  assets of the  Company,  or a
transaction  or series of  related  transactions  in which  more than 50% of the
voting power of the Company is disposed of or (iii)  regarding any other form of
acquisition, liquidation, dissolution or winding up of the Company.

     3.7.  OBLIGATIONS  TO  RELATED  PARTIES.  There are no  obligations  of the
Company to officers,  directors,  stockholders or employees of the Company other
than (a) for payment of salary for  services  rendered,  (b)  reimbursement  for
reasonable expenses incurred on behalf of the Company and (c) for other standard
employee  benefits made generally  available to all employees  (including  stock
option agreements  outstanding under any stock option plan approved by the Board
of Directors of the Company). None of the officers, directors or stockholders of
the Company,  or any members of their  immediate  families,  are indebted to the
Company.  None of the officers,  directors or, to the Company's  knowledge,  key
employees  or  stockholders  of the  Company or any  members of their  immediate
families,  are indebted to the Company or have any direct or indirect  ownership
interest in any firm or corporation with which the Company is affiliated or with
which the  Company  has a  business  relationship,  other  than with  respect to
Softalk, or any firm or corporation which competes with the Company,  other than
passive  investments in publicly traded companies  (representing less than 1% of
such  company)  which may compete  with the  Company.  No  officer,  director or
stockholder,  or any  member  of  their  immediate  families,  is,  directly  or
indirectly,  interested  in  any  material  contract  with  the  Company  and no

                                       4
<PAGE>
agreements, understandings or proposed transactions are contemplated between the
Company and any such person. The Company is not a guarantor or indemnitor of any
indebtedness of any other person, firm or corporation.

     3.8. CHANGES. Since November 30, 2001, there has not been:

          (a) Any change in the assets,  liabilities,  financial  condition,  or
operations  of the  Company,  other  than  changes  in the  ordinary  course  of
business,  none  of  which  individually  or in  the  aggregate  has  had  or is
reasonably   expected  to  have  a  material  adverse  effect  on  such  assets,
liabilities, financial condition, or operations of the Company;

          (b) Any  resignation or  termination  of any officer,  key employee or
group of employees of the Company;

          (c) Any material change, except in the ordinary course of business, in
the  contingent  obligations  of the  Company by way of  guaranty,  endorsement,
indemnity, warranty or otherwise;

          (d) Any  damage,  destruction  or  loss,  whether  or not  covered  by
insurance,  materially  and  adversely  affecting  the  properties,  business or
prospects or financial condition of the Company;

          (e) Any waiver by the  Company  of a  valuable  right or of a material
debt owed to it;

          (f)  Any  direct  or  indirect  loans  made  by  the  Company  to  any
stockholder,  employee,  officer or director of the Company, other than advances
made in the ordinary course of business;

          (g) Any material change in any  compensation  arrangement or agreement
with any employee, officer, director or stockholder;

          (h) Any  declaration or payment of any dividend or other  distribution
of the assets of the Company;

          (i) Any labor organization activity related to the Company;

          (j) Any debt, obligation or liability incurred,  assumed or guaranteed
by the Company,  except those for immaterial amounts and for current liabilities
incurred in the ordinary course of business;

          (k) Any sale,  assignment  or  transfer  of any  patents,  trademarks,
copyrights, trade secrets or other intangible assets;

          (l) Any change in any  material  agreement  to which the  Company is a
party or by which it is bound  which may  materially  and  adversely  affect the
business,  assets,  liabilities,  financial  condition,  or  operations  of  the
Company;

                                       5
<PAGE>
          (m) Any  other  event  or  condition  of any  character  that,  either
individually  or  cumulatively,  has or may materially and adversely  affect the
business, assets, liabilities,  financial condition,  prospects or operations of
the Company; or

          (n) Any arrangement or commitment by the Company to do any of the acts
described in subsection (a) through (m) above.

     3.9. TITLE TO PROPERTIES AND ASSETS;  LIENS,  ETC. The Company has good and
marketable  title to its properties and assets,  and good title to its leasehold
estates, in each case subject to no mortgage,  pledge, lien, lease,  encumbrance
or charge,  other than (a) those  resulting from taxes which have not yet become
delinquent,  (b) minor liens and  encumbrances  which do not materially  detract
from the  value  of the  property  subject  thereto  or  materially  impair  the
operations  of the  Company,  and (c) those  that have  otherwise  arisen in the
ordinary course of business.  All facilities,  machinery,  equipment,  fixtures,
vehicles and other properties  owned,  leased or used by the Company are in good
operating  condition  and  repair,  ordinary  wear  and tear  excepted,  and are
reasonably  fit and usable for the purposes  for which they are being used.  The
Company is in compliance  with all material terms of each lease to which it is a
party or is otherwise bound.

     3.10. INTELLECTUAL PROPERTY.

          (a) The  Company  owns or  possesses  sufficient  legal  rights to all
patents,  trademarks,  service marks,  trade names,  copyrights,  trade secrets,
licenses,  information and other proprietary rights and processes  necessary for
its  business as now  conducted  and to the  Company's  knowledge  as  presently
proposed  to be  conducted  (the  "Intellectual  Property"),  without  any known
infringement of the rights of others. Other than with respect to Softalk,  there
are no outstanding  options,  licenses or agreements of any kind relating to the
foregoing  proprietary  rights,  nor is the  Company  bound by or a party to any
options,  licenses  or  agreements  of any kind  with  respect  to the  patents,
trademarks,  service marks, trade names,  copyrights,  trade secrets,  licenses,
information  and other  proprietary  rights and processes of any other person or
entity other than such licenses or agreements  arising from the purchase of "off
the shelf" or standard products.

          (b) The Company has not received any communications  alleging that the
Company has violated any of the patents, trademarks, service marks, trade names,
copyrights or trade secrets or other  proprietary  rights of any other person or
entity, nor is the Company aware of any basis therefor.

          (c) The Company does not believe it is or will be necessary to utilize
any inventions, trade secrets or proprietary information of any of its employees
made prior to their  employment  by the Company,  except for  inventions,  trade
secrets or proprietary  information  that have been  rightfully  assigned to the
Company.

     3.11.  COMPLIANCE  WITH OTHER  INSTRUMENTS.  The Company is not in material
violation or default of any term of its Charter or Bylaws,  or of any  provision
of any material mortgage, indenture, contract, agreement, instrument or contract
to which it is party or by which it is bound or of any judgment,  decree,  order
or writ. The  execution,  delivery and  performance of and compliance  with this

                                       6
<PAGE>
Agreement,  and the  issuance  and  sale of the  Purchased  Securities  pursuant
hereto,  will not,  with or  without  the  passage  of time or giving of notice,
result in any material violation, or be in conflict with or constitute a default
under any term or provision, or result in the creation of any mortgage,  pledge,
lien,  encumbrance or charge upon any of the properties or assets of the Company
or the  suspension,  revocation,  impairment,  forfeiture  or  nonrenewal of any
permit,  license,  authorization  or approval  applicable  to the  Company,  its
business or operations or any of its assets or properties.

     3.12.  LITIGATION.  There is no action,  suit,  proceeding or investigation
pending or, to the Company's knowledge, currently threatened against the Company
that  questions  the  validity of this  Agreement or the right of the Company to
enter  into  any  of  such   agreements,   or  to  consummate  the  transactions
contemplated hereby or thereby, or which might result, either individually or in
the  aggregate,  in any material  adverse  change in the assets,  condition,  or
affairs of the Company,  financially or otherwise,  or any change in the current
equity  ownership  of the  Company,  nor is the Company  aware that there is any
basis for any of the  foregoing.  The  Company  is not a party or subject to the
provisions of any order,  writ,  injunction,  judgment or decree of any court or
government agency or instrumentality.  Other than an action filed by the Company
against Joseph Vasquez III, and entities  affiliated with Mr. Vasquez,  there is
no action, suit, proceeding or investigation by the Company currently pending or
which the Company intends to initiate.

     3.13.  TAX RETURNS  AND  PAYMENTS.  The  Company  has timely  filed all tax
returns  (federal,  state and local) required to be filed by it. All taxes shown
to be due and  payable on such  returns,  any  assessments  imposed,  and to the
Company's  knowledge all other taxes due and payable by the Company on or before
the  Closing,  have  been  paid or will be paid  prior to the time  they  become
delinquent.  The  Company  has not been  advised  (a)  that any of its  returns,
federal,  state or other,  have been or are being audited as of the date hereof,
or (b) of any  deficiency  in  assessment  or proposed  judgment to its federal,
state or other taxes.  The Company has no knowledge of any  liability of any tax
to be imposed  upon its  properties  or assets as of the date of this  Agreement
that is not adequately provided for.

     3.14.  EMPLOYEES.  The Company has no collective bargaining agreements with
any of its employees. There is no labor union organizing activity pending or, to
the  Company's  knowledge,  threatened  with respect to the  Company.  Except as
disclosed on Schedule 3.14 hereto, the Company is not a party to or bound by any
currently effective  employment  contract,  deferred  compensation  arrangement,
bonus plan,  incentive plan, profit sharing plan,  retirement agreement or other
employee compensation plan or agreement. To the Company's knowledge, no employee
of the Company,  nor any consultant with whom the Company has contracted,  is in
violation  of any  term  of any  employment  contract,  proprietary  information
agreement or any other agreement relating to the right of any such individual to
be employed by, or to contract  with,  the Company  because of the nature of the
business to be conducted  by the Company;  and to the  Company's  knowledge  the
continued  employment  by  the  Company  of  its  present  employees,   and  the
performance of the Company's  contracts with its independent  contractors,  will
not  result in any such  violation.  The  Company  is not aware  that any of its
employees is  obligated  under any contract  (including  licenses,  covenants or
commitments  of any  nature) or other  agreement,  or  subject to any  judgment,
decree or order of any court or administrative agency, that would interfere with
their  duties to the Company.  The Company has not received any notice  alleging

                                       7
<PAGE>
that any such  violation  has  occurred.  No  employee  of the  Company has been
granted the right to  continued  employment  by the  Company or to any  material
compensation  following  termination of employment with the Company. The Company
is not aware that any officer,  key  employee or group of  employees  intends to
terminate his, her or their  employment  with the Company,  nor does the Company
have a present  intention  to  terminate  the  employment  of any  officer,  key
employee or group of employees.

     3.15.  REGISTRATION  RIGHTS  AND  VOTING  RIGHTS.  Except  as set  forth on
Schedule 3.15 hereto, the Company is presently not under any obligation, and has
not granted any rights, to register any of the Company's  presently  outstanding
securities  or any of its  securities  that  may  hereafter  be  issued.  To the
Company's  knowledge,  no  stockholder  of the  Company  has  entered  into  any
agreement with respect to the voting of equity securities of the Company.

     3.16.  COMPLIANCE WITH LAWS; PERMITS. To its knowledge,  the Company is not
in violation of any applicable statute, rule,  regulation,  order or restriction
of any domestic or foreign  government or any  instrumentality or agency thereof
in respect of the conduct of its  business or the  ownership  of its  properties
which  violation  would  materially and adversely  affect the business,  assets,
liabilities,  financial condition, or operations of the Company. No governmental
orders,  permissions,  consents,  approvals or authorizations are required to be
obtained  and no  registrations  or  declarations  are  required  to be filed in
connection with the execution and delivery of this Agreement and the issuance of
any of the  Purchased  Securities,  except  such as has been  duly  and  validly
obtained or filed,  or with  respect to any filings  that must be made after the
Closing,  as will be filed in a timely manner.  The Company has all  franchises,
permits,  licenses and any similar  authority  necessary  for the conduct of its
business as now being  conducted by it, the lack of which could  materially  and
adversely affect the business,  properties,  prospects or financial condition of
the Company.

     3.17. ENVIRONMENTAL AND SAFETY LAWS. The Company is not in violation of any
applicable   statute,   law  or  regulation   relating  to  the  environment  or
occupational health and safety, and to its knowledge,  no material  expenditures
are or will be required in order to comply with any such existing  statute,  law
or regulation.  No Hazardous  Materials (as defined below) are used or have been
used, stored, or disposed of by the Company or, to the Company's  knowledge,  by
any other person or entity on any property owned, leased or used by the Company.
For the purposes of the preceding sentence, "Hazardous Materials" shall mean (a)
materials which are listed or otherwise  defined as "hazardous" or "toxic" under
any applicable  local,  state,  federal and/or foreign laws and regulations that
govern the existence and/or remedy of contamination on property,  the protection
of the environment from contamination, the control of hazardous wastes, or other
activities involving hazardous substances,  including building materials, or (b)
any petroleum products or nuclear materials.

     3.18.  FULL  DISCLOSURE.  The Company has provided the  Purchaser  with all
information  requested  by the  Purchaser  in  connection  with its  decision to
purchase the  Purchased  Securities.  Neither this  Agreement,  the exhibits and
schedules hereto,  nor any other document  delivered by the Company to Purchaser
or its  attorneys  or agents in  connection  herewith or  therewith  or with the
transactions  contemplated hereby or thereby,  contain any untrue statement of a
material fact nor omit to state a material  fact  necessary in order to make the
statements  contained  herein  or  therein  not  misleading.  To  the  Company's
knowledge,  there  are  no  facts  which  (individually  or  in  the  aggregate)

                                       8
<PAGE>
materially  adversely  affect  the  business,  assets,  liabilities,   financial
condition,  or  operations  of the  Company  that have not been set forth in the
Agreement, the exhibits and schedules hereto, or in other documents delivered to
Purchaser or its attorneys or agents in connection herewith.

     3.19.  INSURANCE.  The Company has general  commercial,  product liability,
fire and casualty  insurance  policies  with  coverage  customary  for companies
similarly situated to the Company.

     3.20. SEC REPORTS. To the best of the Company's knowledge,  the Company has
filed all proxy statements,  reports and other documents required to be filed by
it under the Securities  Exchange Act of 1934, as amended (the "Exchange  Act").
The Company has furnished the Purchaser  with copies of (i) its Annual Report on
Form 10-KSB for the fiscal year ended August 31, 2001, (ii) its Quarterly Report
on Form  10-QSB for the fiscal  quarter  ended  November  30, 2001 and (iii) its
Proxy Statement dated August 8, 2000 (collectively, the "SEC Reports"). Each SEC
Report was in substantial  compliance  with the  requirements  of its respective
form and none of the SEC Reports,  nor the financial  statements  (and the notes
thereto) included in the SEC Reports,  as of their respective  dates,  contained
any  untrue  statement  of a material  fact or omitted to state a material  fact
required to be stated  therein or necessary to make the statements  therein,  in
light of the circumstances under which they were made, not misleading.

     3.21. NO MARKET MANIPULATION. The Company has not taken, and will not take,
directly or  indirectly,  any action  designed to, or that might  reasonably  be
expected to, cause or result in  stabilization  or  manipulation of the price of
the Common Stock of the Company to  facilitate  the sale or resale of any of the
Purchased  Securities  being offered  hereby or affect the price at which any of
the Purchased Securities being offered hereby may be issued.

     3.22. LISTING. The Company's Common Stock is listed for trading on the NASD
OTC Bulletin Board and satisfies all  requirements  for the continuation of such
listing.  The Company has not  received any notice that its Common Stock will be
delisted from the NASD OTC Bulletin Board or that the Common Stock does not meet
all requirements for the continuation of such listing.

                                   ARTICLE IV

                REPRESENTATIONS AND WARRANTIES OF THE PURCHASER.

     The Purchaser hereby represents and warrants to the Company with respect to
itself or himself as follows:

     4.1.  REQUISITE POWER AND AUTHORITY.  Purchaser has all necessary power and
authority  under all  applicable  provisions  of law to execute and deliver this
Agreement  and to carry out their  provisions.  All action on  Purchaser's  part
required for the lawful  execution and delivery of this  Agreement  have been or
will be effectively taken prior to the Closing. Upon its execution and delivery,
this Agreement will be valid and binding  obligations of Purchaser,  enforceable
in accordance  with its terms,  except (a) as limited by applicable  bankruptcy,
insolvency,  reorganization,  moratorium  or other laws of  general  application

                                       9
<PAGE>
affecting  enforcement  of  creditors'  rights,  and (b) as  limited  by general
principles of equity that restrict the availability of equitable remedies.

     4.2. INVESTMENT  REPRESENTATIONS.  Purchaser understands that the Purchased
Securities are being offered and sold pursuant to an exemption from registration
contained in the Securities Act based in part upon  Purchaser's  representations
contained in the Agreement.

     4.3. PURCHASER BEARS ECONOMIC RISK. Purchaser has substantial experience in
evaluating  and  investing in private  placement  transactions  of securities in
companies  similar to the Company so that it is capable of evaluating the merits
and risks of its  investment  in the Company and has the capacity to protect its
own interests.  Purchaser must bear the economic risk of this  investment  until
the Purchased  Securities are registered  pursuant to the Securities  Act, or an
exemption from registration is available.

     4.4.  PURCHASER  CAN PROTECT ITS  INTEREST.  Purchaser  represents  that by
reason  of  its,  or of its  management's,  business  or  financial  experience,
Purchaser has the capacity to protect its own  interests in connection  with the
transactions contemplated in this Agreement.  Further,  Purchaser is aware of no
publication  of  any   advertisement   in  connection   with  the   transactions
contemplated in the Agreement.

     4.5.  ACCREDITED  INVESTOR.  Purchaser  represents that it is an accredited
investor within the meaning of Regulation D under the Securities Act.

     4.6.  LEGENDS.  The Purchased  Securities  shall bear the following  legend
until  the  Purchased  Securities  are  covered  by  an  effective  registration
statement filed with the SEC:

     "THESE SHARES OF COMMON STOCK HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR, IF APPLICABLE,  STATE SECURITIES LAWS. THESE SHARES
OF COMMON STOCK MAY NOT BE SOLD,  OFFERED FOR SALE,  PLEDGED OR  HYPOTHECATED IN
THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER SAID ACT AND APPLICABLE
STATE  SECURITIES  LAWS OR AN  OPINION  OF COUNSEL  REASONABLY  SATISFACTORY  TO
BESTNET COMMUNICATIONS CORP. THAT SUCH REGISTRATION IS NOT REQUIRED."

                                   ARTICLE V

             CONDITIONS TO THE COMPANY'S AND PURCHASER'S OBLIGATIONS

     5.1.  CONDITIONS TO  OBLIGATIONS  OF THE COMPANY.  The  obligations  of the
Company  to  carry  out the  transactions  contemplated  by this  Agreement  are
subject,  at the option of the  Company,  to the  satisfaction  or waiver of the
following conditions:

          (a) The  Purchaser  shall have  furnished the Company with a certified
copy of all necessary  corporate  action on its behalf  approving its execution,
delivery  and  performance  of  this  Agreement  (the   "Purchaser's   Officer's
Certificate").

                                       10
<PAGE>
          (b) All  representations  and warranties of the Purchaser contained in
this Agreement  shall be true and correct in all material  respects at and as of
the  Closing,  and the  Purchaser  shall have  performed  and  satisfied  in all
material respects all covenants and agreements  required by this Agreement to be
performed and satisfied by the Purchaser at or prior to the Closing.

          (c) As of the  Closing  Date,  no suit,  action  or  other  proceeding
(excluding  any such matter  initiated by or on behalf of the Company)  shall be
pending or threatened before any Governmental  Authority seeking to restrain the
Company or  prohibit  the  Closing or seeking  damages  against the Company as a
result of the consummation of this Agreement.

     5.2.  CONDITIONS TO OBLIGATIONS OF THE  PURCHASER.  The  obligations of the
Purchaser  to carry out the  transactions  contemplated  by this  Agreement  are
subject, at the option of the Purchaser,  to the satisfaction,  or waiver by the
Purchaser, of the following conditions:

          (a)  The  Company  shall  have  prepared  and  filed  with  the  SEC a
registration   statement   under  the  Securities  Act  covering  the  Purchased
Securities and such registration statement shall be effective (the "Registration
Requirement").

          (b) All  representations  and  warranties of the Company  contained in
this Agreement  shall be true and correct in all material  respects at and as of
the Closing,  and the Company shall have performed and satisfied in all material
respects all agreements and covenants required by this Agreement to be performed
and satisfied by them at or prior to the Closing.

          (c) As of the  Closing  Date,  no suit,  action  or  other  proceeding
(excluding any such matter  initiated by or on behalf of the Purchaser) shall be
pending  or  threatened  before  any court or  governmental  agency  seeking  to
restrain the  Purchaser or prohibit the Closing or seeking  damages  against the
Purchaser or the Company as a result of the consummation of this Agreement.

          (d) The Company shall have  furnished  the Purchaser  with a certified
copy of all  necessary  corporate  action on its behalf  approving the Company's
execution,  delivery and performance of this Agreement (the "Company's Officer's
Certificate").

                                   ARTICLE VI

                                 MISCELLANEOUS.

     6.1.  GOVERNING LAW. This  Agreement  shall be governed by and construed in
accordance with the laws of the State of Nevada, without regard to principles of
conflicts  of laws.  Any  action  brought  by  either  party  against  the other
concerning the transactions contemplated by this Agreement shall be brought only
in the state courts of Nevada or in the federal  courts  located in the state of
Nevada.  Both parties and the  individuals  executing  this  Agreement and other
agreements on behalf of the Company agree to submit to the  jurisdiction of such
courts and waive  trial by jury.  The  prevailing  party  shall be  entitled  to
recover from the other party its reasonable  attorney's  fees and costs.  In the
event that any provision of this Agreement or any other  agreement  delivered in
connection  herewith is invalid or unenforceable under any applicable statute or

                                       11
<PAGE>
rule of law, then such provision shall be deemed  inoperative to the extent that
it may  conflict  therewith  and shall be deemed  modified to conform  with such
statute  or  rule of  law.  Any  such  provision  which  may  prove  invalid  or
unenforceable  under any law shall not affect the validity or  enforceability of
any other provision of any agreement.

     6.2. SURVIVAL.  The representations,  warranties,  covenants and agreements
made  herein  shall  survive any  investigation  made by the  Purchaser  and the
Closing.  All statements as to factual  matters  contained in any certificate or
other  instrument  delivered by or on behalf of the Company  pursuant  hereto in
connection  with the  transactions  contemplated  hereby  shall be  deemed to be
representations and warranties by the Company hereunder solely as of the date of
such certificate or instrument.

     6.3. ASSIGNMENT. This Agreement is not assignable by either party.

     6.4. ENTIRE AGREEMENT.  This Agreement,  the exhibits and schedules hereto,
and the other documents delivered pursuant hereto constitute the full and entire
understanding  and  agreement  between the parties  with regard to the  subjects
hereof  and no party  shall be liable or bound to any other in any manner by any
representations, warranties, covenants and agreements except as specifically set
forth herein and therein.

     6.5. SEVERABILITY. In case any provision of the Agreement shall be invalid,
illegal or  unenforceable,  the  validity,  legality and  enforceability  of the
remaining provisions shall not in any way be affected or impaired thereby.

     6.6. AMENDMENT AND WAIVER.

          (a) This  Agreement  may be amended or modified  only upon the written
consent of the Company and the Purchaser.

          (b) The  obligations  of the  Company and the rights of the holders of
the Purchased Securities under the Agreement may be waived only with the written
consent of such holders of Purchased Securities.

     6.7.  DELAYS  OR  OMISSIONS.  It is  agreed  that no delay or  omission  to
exercise  any right,  power or remedy  accruing  to any party,  upon any breach,
default or noncompliance by another party under this Agreement, shall impair any
such right,  power or remedy,  nor shall it be  construed  to be a waiver of any
such breach, default or noncompliance,  or any acquiescence therein, or of or in
any similar breach, default or noncompliance thereafter occurring. It is further
agreed that any waiver,  permit, consent or approval of any kind or character on
the  Purchaser's  part  of any  breach,  default  or  noncompliance  under  this
Agreement, or any waiver on such party's part of any provisions or conditions of
the  Agreement,  must be in writing  and shall be  effective  only to the extent
specifically set forth in such writing. All remedies under this Agreement by law
or otherwise afforded to any party, shall be cumulative and not alternative.

     6.8. NOTICES.  Any notice,  request,  instruction,  correspondence or other
document  to  be  given  hereunder  by  any  party  hereto  to  another  (herein
collectively  called  "Notice") shall be in writing and delivered  personally or
mailed by  registered  or certified  mail,  postage  prepaid and return  receipt
requested, or by telecopier, as follows:

                                       12
<PAGE>
IF TO PURCHASER:     Jay Greig, Ph.D.
                     814 Lakeway Drive #262
                     Bellingham, WA  98226
                     Telecopy No. (360) 647-7590

IF TO THE COMPANY:   BestNet Communications Corp.
                     5075 E. Cascade Road
                     Suite K
                     Grand Rapids, Michigan  49546
                     Telecopy No. (616) 977-9955

                     With a copy to:

                     Squire, Sanders & Dempsey
                     Two Renaissance Square
                     40 North Central Avenue
                     Suite 2700
                     Attention:  Gregory Hall
                     Telecopy No. (602) 253-8129

Each of the above  addresses  for notice  purposes  may be changed by  providing
appropriate  notice  hereunder.  Notice given by personal delivery or registered
mail shall be effective upon actual receipt. Notice given by telecopier shall be
effective upon actual receipt if received during the recipient's normal business
hours,  or at the beginning of the  recipient's  next normal  business day after
receipt if not  received  during the  recipient's  normal  business  hours.  All
Notices by telecopier  shall be confirmed by the sender  thereof  promptly after
transmission in writing by registered mail or personal delivery. Anything to the
contrary contained herein notwithstanding, notices to any party hereto shall not
be deemed  effective with respect to such party until such Notice would, but for
this sentence, be effective both as to such party and as to all other persons to
whom copies are provided above to be given.

     6.9. COSTS AND EXPENSES.  Each of the parties to this Agreement  shall bear
his  or  its  own  expenses   incurred  in  connection  with  the   negotiation,
preparation,  execution  and  closing  of this  Agreement  and the  transactions
contemplated hereby.

     6.10.  TITLES AND SUBTITLES.  The titles of the sections and subsections of
the Agreement are for convenience of reference only and are not to be considered
in construing this Agreement.

     6.11. COUNTERPARTS/FAX SIGNATURES. This Agreement and any other document or
instrument  relating  hereto  may be  executed  simultaneously  in  one or  more
counterparts,  each of  which  shall be  deemed  an  original,  but all of which
together shall  constitute one and the same  instrument.  This Agreement and any
other  document  or  instrument  relating  hereto may be  executed  by a party's
signature transmitted by facsimile ("fax"), and copies of this Agreement and any
such document or instrument  executed and delivered by means of faxed signatures
shall have the same force and effect as copies  hereof  executed  and  delivered

                                       13
<PAGE>
with original  signatures.  All parties hereto may rely upon faxed signatures as
if such  signatures  were  originals.  Any party  executing and delivering  this
Agreement and any such document or instrument by fax shall  promptly  thereafter
deliver a counterpart  signature  page of this  Agreement and the fully executed
original or counterpart  original of any such document or instrument  containing
said party's original signature. All parties hereto agree that a faxed signature
may be introduced  into evidence in any proceeding  arising out of or related to
this  Agreement  or any such  document or  instrument  as if it were an original
signature.

     6.12.  BROKER'S  FEES.  Each party hereto  represents  and warrants that no
agent,  broker,  investment banker,  person or firm acting on behalf of or under
the  authority  of such party  hereto is or will be entitled to any  broker's or
finder's fee or any other  commission  directly or indirectly in connection with
the transactions contemplated herein, except as specified herein with respect to
the  Purchaser.  Each party hereto  further agrees to indemnify each other party
for any claims,  losses or expenses  incurred by such other party as a result of
the representation in this Section 6.12 being untrue.

     6.13.  CONSTRUCTION.   Each  party  acknowledges  that  its  legal  counsel
participated  in the  preparation of this Agreement and,  therefore,  stipulates
that the rule of construction  that  ambiguities are to be resolved  against the
drafting party shall not be applied in the  interpretation  of this Agreement to
favor any party against the other.

     6.14.  FURTHER  ASSURANCES.  Following  the  Closing,  the  Company and the
Purchaser shall execute and deliver such documents,  and take such other action,
as shall be  reasonably  requested  by any other party  hereto to  carryout  the
transaction contemplated by this Agreement.

                                       14
<PAGE>
     IN WITNESS  WHEREOF,  the parties  hereto have executed this STOCK PURCHASE
AGREEMENT as of the date set forth in the first paragraph hereof.

COMPANY:                                   PURCHASER:

BESTNET COMMUNICATIONS CORP.               JAY GREIG, PH.D.

By:                                        By:
   -----------------------------------         ---------------------------------
Name:                                      Name:
      --------------------------------           -------------------------------
Title:                                     Title:
       -------------------------------            ------------------------------

Address: 5075 E. Cascade Road, Suite K     Address: 814 Lakeway Drive #262
         Grand Rapids, Michigan 49546               Bellingham, WA  98226

                                       15
<PAGE>
                                  SCHEDULE 3.2

                                  SUBSIDIARIES

1.   Interpretel, Inc.

2.   Interpretel (Canada), Inc.

3.   Teleplex International Communications, Inc.

4.   Bestnet Travel, Inc.
<PAGE>
                                  SCHEDULE 3.3

                                 CAPITALIZATION

     5,000,000  shares  of common  stock are  reserved  for  issuance  under the
Company's Stock Option Plan.

     There are  currently  options  and  warrants  outstanding  to  purchase  an
aggregate of 9,559,543 shares of Company common stock.
<PAGE>
                                 SCHEDULE 3.6(B)

                               AGREEMENTS, ACTION

     The  Company  paid Laurus  Master  Fund,  Ltd. a dividend on its  preferred
shares of 6,241 shares of Common Stock.
<PAGE>
                                  SCHEDULE 3.14

                                    EMPLOYEES

The Company has employment agreements with the following:

1.   Robert Blanchard - President and Chief Executive Officer.

2.   Paul Jachim - Chief Operating Officer and Chief Financial Officer.
<PAGE>
                                  SCHEDULE 3.15

                      REGISTRATION RIGHTS AND VOTING RIGHTS

     Demand and  Piggy-Back  registration  rights were granted to Laurus  Master
Fund,  Ltd.  pursuant to that  certain  Securities  Purchase  Agreement,  by and
between the Company and Laurus Master Fund, Ltd., dated January 31, 2002.

     Piggy-back   registration   rights  were   granted  to  Network   Twentyone
International,  Inc.  pursuant to a warrant to purchase  common  stock in April,
2001.

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