Document:

STOCK PURCHASE AGREEMENT

      THIS STOCK PURCHASE AGREEMENT (the "Agreement") is made and entered into
as of this 21 day of June, 2001, by and between Lancer Offshore, Inc., a
Curasao, Netherland Antilles corporation (the "Buyer"), and Method Products
Corporation, a Florida corporation (the "Company"), relating to the acquisition
by and issuance to the Buyer of 10,000,000 shares of the Company's Common Stock,
par value $. 0001 per share (the "Common Stock"), along with 10,000,000 Warrants
at $.08 and 10,000,000 Warrants at $.12 exercisable until June 21, 2004, all
Warrant Agreements to be executed under separate agreement ("the Warrants").

                              W I T N E S S E T H:
                              --------------------

      WHEREAS, the Company has sufficient shares of Common Stock authorized; and

      WHEREAS, the Buyer desires to purchase and the Company desires to sell to
the Buyer an aggregate of 10,000,000 of its Common Stock and the Warrants, such
purchase to be upon the terms and subject to the conditions set forth herein;

      NOW, THEREFORE, in consideration of the mutual covenants, agreements,
representations and warranties contained in this Agreement, the parties hereto
agree as follows:

                                       I.

                SALE AND PURCHASE OF SHARES AND OTHER AGREEMENTS

      1.1 Sale and Purchase of Shares. The Company hereby agrees to sell and
transfer to the Buyer 10,000,000 shares of Common Stock of the Company and the
Warrants in the form attached hereto as Exhibit A. The Buyer agrees to purchase
the Common Stock from the Company at a purchase price of $.05 per share ("Share
Price") or an aggregate purchase price of $500,000, payable via wire transfer
upon execution hereof.

      1.2 Investment Intent and Legends. The Common Stock and underlying
securities have not been registered under the Securities Act of 1933, as
amended, and may not be resold unless the Common Stock and underlying securities
are registered under such Act or an exemption from such registration is
available. The Buyer represents and warrants that it is acquiring the Common
Stock and underlying securities for its own account for investment and not with
a view to the sale or distribution thereof. Each certificate representing such
securities will have a legend thereon incorporating language as follows:

      "The securities represented by this certificate have not been registered
under the Securities Act of 1933, as amended (the "Act"). The securities have
been acquired for investment and may not be sold or transferred in the absence
of an effective Registration Statement for the securities under the Act unless,
in the opinion of counsel satisfactory to the Company, registration is not
required by the Act."

      1.3 Right of First Refusal. For a period of three (3) years from the date
hereof the Company agrees to provide the Buyer with the opportunity, on 30 days'
prior written notice, to participate on the same terms and conditions as any
other purchaser in connection with any private financing undertaken by the
Company.

      1.4 Nomination of Directors, At the request of the Buyer, the Company
agrees to recommend to its stockholders and use its best efforts to have two (2)
individuals designated by the Buyer to be elected as directors of the Company.
In addition, Mr. Bruce Cowen shall have visitation rights to all Board of
Director and Committee meetings.

<PAGE>

      1.5 The Company shall distribute its internally prepared monthly financial
statements within 30 days of the previous month's end to the Buyer.

      1.6 Cash disbursements over $5,000, except for vendor purchases, shall be
approved in advance by a Buyer's representative to be designated prior to
closing.

      1.7 Mark Antonucci, Mark Weitsman and Michael Beaubien (Exhibit B-1, B-2,
B-3) shall execute a Lock-Up Agreement to June 12, 2003.

      1.8 In the event that the Company shall sell or issue any Common Shares or
Convertible Securities (including, without limitation, warrants, options, etc.)
at a per share price below the Share Price, the Share Price shall be immediately
and automatically reduced to such lower price and the number of Common Stock
purchased in the Agreement shall be proportionally increased, as to the same
economic benefit originally granted to the Buyer. (Example: 10,000,000 Shares at
$.05 per share would result in $500,000 to the Company. Should the Share Price
be reduced to say $.03 per share, then the number of shares to be issued would
then be increased to 16,666,667 "Price Protection".)

      1.9 Mark Antonucci's (the Company's CEO) Employment Contract shall be
extended for an additional two (2) years.

      1.10 The Company shall obtain D&O Insurance within sixty (60) days of
closing by the Buyer.

                                       II.

                    REPRESENTATIONS AND WARRANTIES OF COMPANY

      The Company makes to the Buyer the following representations and
warranties:

      2.1 Organization and Standing of the Company. The Company is a corporation
duly organized, validly existing and in good standing under the laws of the
State of Florida, and is entitled to own or lease its properties and to carry on
its business as and in the places where such properties are now owned, leased or
operated. The Company has full corporate power and other authority to enter into
this Agreement and to consummate the transactions contemplated hereby. The
execution and delivery of this Agreement and the consummation of the
transactions contemplated hereby have been duly and validly authorized by all
necessary corporate action on the part of the Company and is the valid and
binding obligation of the Company enforceable in accordance with its terms.
Neither the execution nor the consummation of this Agreement will conflict with
or result in a breach or default under, or result in the creation of any lien,
security interest, charge or encumbrance upon the Common Stock and the
underlying securities, or any of the properties or assets of the Company as a
result of the terms, conditions or provisions of any contract, note, mortgage or
any other agreement, instrument or obligation to which the Company is a party or
by which the Company or any of its properties or assets may be bound.

      2.2 Capitalization. The authorized capital stock of the Company consists
of 80,000,000 shares of Common Stock, $.0001 par value per share, of which
10,577,773 shares are presently issued and outstanding. The Company has not
granted, issued or agreed to grant, issue or make any warrants, options,
subscription rights or any other commitments of any character relating to the
issued or unissued shares of capital stock of the Company except as previously
discussed in the Company's reports filed under the Securities Exchange Act of
1934 or otherwise disclosed to the Buyer.

<PAGE>

      2.3 Properties. The Company has good and unencumbered title to and the
right to the use of all of its properties and assets.

      2.4 Disclosure and Liabilities. Except with respect to the liabilities and
obligations disclosed in such periodic reports, the Company has no material
liabilities, obligations or commitments of any nature, whether liquidated or
unliquidated, absolute or contingent.

      2.5 Delivery of Periodic Reports; Compliance with 1934 Act. The Company
has provided the Buyer with access to all of its periodic reports filed with the
Securities and Exchange Commission. The Company has filed all required periodic
reports and is in compliance with its reporting obligations under the Securities
Exchange Act of 1934 as a result of having been registered under Section 12(g)
of that Act. All reports filed pursuant to such Act are complete and correct in
all material respects.

      2.6 Full Disclosure. No representation or warranty by the Company in this
Agreement or in any exhibit or document to be delivered pursuant hereto contains
or will contain any untrue statement of a material fact or omits or will omit to
state any material fact necessary to make any statement herein or therein not
material misleading or necessary to a complete and correct presentation of all
material aspects of the business of the Company which would materially adversely
affect the business of the Company and the transactions contemplated hereby.

                                      III.

           SURVIVAL OF REPRESENTATIONS AND WARRANTIES; INDEMNIFICATION

      3.1 Survival of Representations and Warranties. Notwithstanding any right
of the Buyer fully to investigate the affairs of the Company, the Company shall
have the right to rely fully upon the representations, warranties, covenants and
agreements of the Company contained in this Agreement or in any document
delivered to the Buyer by the Company or any of its representatives, in
connection with the transactions contemplated by this Agreement. All such
representations, warranties, covenants and agreements shall survive the
execution and delivery hereof for twelve (12) months following the date hereof.

      3.2 Obligation of the Company to Indemnify. Subject to the limitations on
the survival of representations and warranties contained herein, the Company
hereby agrees to indemnify, defend and hold harmless the Buyer from and against
any losses, liabilities, damages, deficiencies, costs or expenses (including
interest, penalties and reasonable attorneys, fees and disbursements) based
upon, arising out of or otherwise due to any inaccuracy in or any breach of any
representation, warranty, covenant or agreement of the Company contained in this
Agreement or in any document or other writing delivered pursuant to this
Agreement.

                                       IV.

                                  MISCELLANEOUS

      4.1 Entire Agreement. This Agreement (including the Recitals and any
Exhibits hereto) contains the entire agreement among the parties with respect to
the purchase of the Common Stock and related transactions and supersedes all
prior agreements, written or oral, with respect thereto.

<PAGE>

      4.2. Waivers and Amendments. This Agreement may be amended, modified,
superseded, canceled, renewed or extended, and the terms and conditions hereof
may be waived, only by a written instrument signed by the parties or, in the
case of a waiver, by the party waiving compliance. No delay on the part of any
party in exercising any right, power or privilege hereunder shall operate as a
waiver thereof, nor shall any waiver on the part of any party of any right,
power or privilege hereunder, nor any single or partial exercise of any right,
power or privilege hereunder, preclude any other or further exercise thereof or
the exercise of any other right, power or privilege hereunder. The rights and
remedies herein provided are cumulative and are not exclusive of any rights or
remedies which any party may otherwise have at law or in equity. The rights and
remedies of any party based upon, arising out of or otherwise in respect of any
inaccuracy in or breach of any representation, warranty, covenant or agreement
contained in this Agreement shall in no way be limited by the fact that the act,
omission, occurrence or other state of facts upon which the claim of any
inaccuracy or breach is based may also be the subject matter of any other
representation, warranty, covenant or agreement contained in this Agreement (or
in any other agreement between the parties) as to which there is no inaccuracy
or breach.

      4.3 Governing Law. This Agreement shall be governed and construed in
accordance with the laws of the State of Florida.

      4.4 No Assignment, This Agreement is not assignable except by operation of
law.

      4.5 Headings. The headings in this Agreement are for reference purposes
only and shall not in any way affect the meaning or interpretation of this
Agreement.

      4.6 Severability of Provisions. The invalidity or unenforceability of any
term, phrase, clause, paragraph, restriction, covenant, agreement or other
provision of this Agreement shall in no way affect the validity or enforcement
of any other provision or any part thereof.

      4.7 Counterparts. This Agreement may be executed in any number of
counterparts, each of which when so executed shall constitute an original copy
hereof, but all of which together shall be considered but one and the same
documents.

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

      Lancer Offshore, Inc.
      the Buyer)

      By:  /s/ Michael Lauer, Investment Manager
          --------------------------------------

      Method Products Corp.
      (the Company)

      By:  /s/ Mark Antonucci
          -------------------------
               Mark Antonucci

<PAGE>

                                 Mark Antonucci

June 12, 2001

Lancer Offshore, Inc.
375 Park Avenue
New York, NY 10152

RE:      LOCK-UP AGREEMENT

This is a Letter of Agreement (the "Lock-Up Agreement") by and between Lancer
Offshore, Inc. ("Lancer") and Mark Antonucci ("MA"), or any other entity or
person controlled directly or indirectly by M.A.

Pursuant to discussions that have been held between Lancer and M.A., the parties
hereto agree as follows:

         1.       For a period of twenty-four (24) months commencing June 12,
                  2001 (the "Term"), M.A. agrees not to sell any of its shares
                  (the "Shares") of Method Products Corporation ("MTDP") Common
                  Stock owned either directly or indirectly by M.A. without
                  prior written approval from Lancer. The Shares may be sold
                  only in accordance with the terms of this Agreement.

         2.       In any given month, if and when M.A. wishes to sell its
                  Shares, in accordance with paragraph 1 hereof, M.A. shall
                  notify Lancer of its desire to sell such Shares (the "Request
                  to Sell") and shall include in such Request to Sell the number
                  of shares it wishes to sell. Once M.A. has issued Lancer with
                  written notification of its desire to sell the Shares, then
                  Lancer shall determine, in its sole discretion, whether or not
                  to agree to allow such sale of Shares and give M.A. written
                  notice of its intent. Lancer shall provide M.A. with written
                  notice of Lancer's approval or rejection of M.A.'s request to
                  sell the Shares within five (5) business days of receipt of
                  the request (the "Approval Period").

         3.       M.A. hereby grants MTDP approval to instruct its transfer
                  agent to issue an appropriate restrictive legend on any and
                  all stock certificates covered by this Lock- Up Agreement
                  indicating the terms of this Lock-Up Agreement.

         4.       This Agreement shall be binding upon and inure to the benefit
                  of the parties hereto and their successors and assigns.

Agreed and accepted this 21st day of June , 2001.

Lancer Offshore, Inc.                              Mark Antonucci

By:                                                By: /s/ Mark Antonucci
    ----------------------------                      -----------------------

                                   Exhibit B-1

<PAGE>

                                  Mark Weitsman

June 12, 2001

Lancer Offshore, Inc.
375 Park Avenue
New York, NY 10152

RE:      LOCK-UP AGREEMENT

This is a Letter of Agreement (the "Lock-Up Agreement") by and between Lancer
Offshore, Inc. ("Lancer") and Mark Weitsman ("MW"), or any other entity or
person controlled directly or indirectly by M.W.

Pursuant to discussions that have been held between Lancer and M.W., the parties
hereto agree as follows:

         1.       For a period of twenty-four (24) months commencing June 12,
                  2001 (the "Term"), M.W. agrees not to sell any of its shares
                  (the "Shares") of Method Products Corporation ("MTDP") Common
                  Stock owned either directly or indirectly by M.W. without
                  prior written approval from Lancer. The Shares may be sold
                  only in accordance with the terms of this Agreement.

         2.       In any given month, if and when M.W. wishes to sell its
                  Shares, in accordance with paragraph 1 hereof, M.W. shall
                  notify Lancer of its desire to sell such Shares (the "Request
                  to Sell") and shall include in such Request to Sell the number
                  of shares it wishes to sell. Once M.W. has issued Lancer with
                  written notification of its desire to sell the Shares, then
                  Lancer shall determine, in its sole discretion, whether or not
                  to agree to allow such sale of Shares and give M.W. written
                  notice of its intent. Lancer shall provide M.W. with written
                  notice of Lancer's approval or rejection of M.W.'s request to
                  sell the Shares within five (5) business days of receipt of
                  the request (the "Approval Period").

         3.       M.W. hereby grants MTDP approval to instruct its transfer
                  agent to issue an appropriate restrictive legend on any and
                  all stock certificates covered by this Lock- Up Agreement
                  indicating the terms of this Lock-Up Agreement.

         4.       This Agreement shall be binding upon and inure to the benefit
                  of the parties hereto and their successors and assigns.

Agreed and accepted this 21st day of June , 2001.

Lancer Offshore, Inc.                              Mark Weitsman

By:                                                By: /s/ Mark Weitsman
    ----------------------------                      --------------------------

                                   Exhibit B-2

<PAGE>

                                Michael Beaubien

June 12, 2001

Lancer Offshore, Inc.
375 Park Avenue
New York, NY 10152

RE:      LOCK-UP AGREEMENT

This is a Letter of Agreement (the "Lock-Up Agreement") by and between Lancer
Offshore, Inc. ("Lancer") and Michael Beaubien ("MB"), or any other entity or
person controlled directly or indirectly by M.B.

Pursuant to discussions that have been held between Lancer and M.B., the parties
hereto agree as follows:

         1.       For a period of twenty-four (24) months commencing June 12,
                  2001 (the "Term"), M.B. agrees not to sell any of its shares
                  (the "Shares") of Method Products Corporation ("MTDP") Common
                  Stock owned either directly or indirectly by M.B. without
                  prior written approval from Lancer. The Shares may be sold
                  only in accordance with the terms of this Agreement.

         2.       In any given month, if and when M.B. wishes to sell its
                  Shares, in accordance with paragraph 1 hereof, M.B. shall
                  notify Lancer of its desire to sell such Shares (the "Request
                  to Sell") and shall include in such Request to Sell the number
                  of shares it wishes to sell. Once M.B. has issued Lancer with
                  written notification of its desire to sell the Shares, then
                  Lancer shall determine, in its sole discretion, whether or not
                  to agree to allow such sale of Shares and give M.B. written
                  notice of its intent. Lancer shall provide M.B. with written
                  notice of Lancer's approval or rejection of M.B.'s request to
                  sell the Shares within five (5) business days of receipt of
                  the request (the "Approval Period").

         3.       M.B. hereby grants MTDP approval to instruct its transfer
                  agent to issue an appropriate restrictive legend on any and
                  all stock certificates covered by this Lock- Up Agreement
                  indicating the terms of this Lock-Up Agreement.

         4.       This Agreement shall be binding upon and inure to the benefit
                  of the parties hereto and their successors and assigns.

Agreed and accepted this 21st day of June , 2001.

Lancer Offshore, Inc.                              Michael Beaubien

By:                                                By: /s/ Michael Beaubien
    ----------------------------                       -------------------------

                                   Exhibit B-3WARRANT TO PURCHASE

                                  COMMON STOCK

                                       OF

                           METHOD PRODUCTS CORPORATION

         This is to certify that Lancer Offshore, Inc., a corporation organized
under the laws of Curasao, Netherland, Antilles (the "Holder") is entitled,
subject to the terms and conditions hereinafter set forth, to purchase
10,000,000 shares of Common Stock, par value $.0001 per share (the "Common
Shares"), of Method Products Corporation, a Florida corporation (the "Company"),
from the Company at the price per share and on the terms set forth herein and to
receive a certificate for the Common Shares so purchased on presentation and
surrender to the Company with the subscription form attached, duly executed and
accompanied by payment of the purchase price of each share purchased either in
cash or by certified or bank cashier's check or other check payable to the order
of the Company.

         The purchase rights represented by this Warrant are exercisable
commencing on the date hereof through and including June 21, 2004, at a price
per Common Share of $.08. In the event that the Company shall sell or issue any
Common Shares or Convertible Securities (including, without limitation,
warrants, options, etc.) at a per share price (or exchange, exercise or
conversion price) below the Exercise Price then in effect, the Exercise Price
shall be immediately and automatically reduced to such lower price and the
number of Warrants to purchase the Common Shares shall be proportionally
increased, as to give the Company the same economic benefit originally granted.
(Example: 10,000,000 shares at $.08 per share would result in $800,000 to the
Company. Should the Exercise Price be reduced to say $.03 per share, then the
number of shares to be issued would then be increased to 26,666,667 "Price
Protection").

         The purchase rights represented by this Warrant are exercisable at the
option of the registered owner hereof in whole or in part, from time to time,
within the period specified; provided, however, that such purchase rights shall
not be exercisable with respect to a fraction of a Common Share. In case of the
purchase of less than all the Common Shares purchasable under this Warrant, the
Company shall cancel this Warrant on surrender hereof and shall execute and
deliver a new Warrant of like tenor and date for the balance of the shares
purchasable hereunder.

         The Company agrees at all times to reserve or hold available a
sufficient number of Common Shares to cover the number of shares issuable on
exercise of this and all other Warrants of like tenor then outstanding.

         This Warrant shall not entitle the holder hereof to any voting rights
or other rights as a shareholder of the Company, or to any other rights whatever
except the rights herein expressed and such as are set forth, and no dividends
shall be payable or accrue in respect of this Warrant or the interest
represented hereby or the Common Shares purchasable hereunder until or unless,
and except to the extent that, this Warrant shall be exercised.

         In the event that the outstanding Common Shares hereafter are changed
into or exchanged for a different number or kind of shares or other securities
of the Company or of another corporation by reason of merger, consolidation,
other reorganization, re-capitalization, reclassification, combination of
shares, stock split-up or stock dividend:

                  (a) The aggregate number, price and kind of Common Shares
subject to this Warrant shall be adjusted appropriately;

                  (b) Rights under this Warrant, both as to the number of
subject Common Shares and the Warrant exercise price, shall be adjusted
appropriately; and

                  (c) In the event of dissolution or liquidation of the Company
or any merger or combination in which the Company is not a surviving
corporation, this Warrant shall terminate, but the registered owner of this
Warrant shall have the right, immediately prior to such dissolution,
liquidation, merger or combination, to exercise this Warrant in whole or in part
to the extent that it shall not have been exercised.
<PAGE>

         The foregoing adjustments and the manner of application of the
foregoing provisions may provide for the elimination of fractional share
interests.

         The Company shall not be required to issue or deliver any certificate
for Common Shares purchased on exercise of this Warrant or any portion thereof
prior to fulfillment of all the following conditions:

         The Holder acknowledges and recognizes that unless a Registration
Statement is effective and current with respect to the underlying Common Shares,
sales may only be made pursuant to Rule 144 under the Securities Act of 1933
(the "Act").

         The Holder shall have the right to exercise all or a portion of this
Warrant as follows:

                  (a) The completion of any required registration or other
qualification of such shares under any federal or state law or under the rulings
or regulations of the Securities and Exchange Commission or any other government
regulatory body which is necessary;

                  (b) The obtaining of any approval or other clearance from any
federal or state government agency which is necessary;

                  (c) The obtaining from the registered owner of the Warrant, as
required in the sole judgment of the Company, a representation in writing that
the owner is acquiring such Common Shares for the owner's own account for
investment and not with a view to, or for sale in connection with, the
distribution of any part thereof, if the Warrants and the related shares have
not been registered under the Act; and

                  (d) The placing on the certificate, as required in the sole
judgment of the Company, of an appropriate legend and the issuance of stop
transfer instructions in connection with this Warrant and the underlying shares
of Common Stock to the following effect:

         "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
         REGISTERED UNDER THE SECURITIES ACT OF 1933 OR THE LAWS OF ANY STATE
         AND HAVE BEEN ISSUED PURSUANT TO AN EXEMPTION FROM REGISTRATION
         PERTAINING TO SUCH SECURITIES AND PURSUANT TO A REPRESENTATION BY THE
         SECURITY HOLDER NAMED HEREON THAT SAID SECURITIES HAVE BEEN ACQUIRED
         FOR PURPOSES OF INVESTMENT AND MAY NOT BE OFFERED, SOLD, TRANSFERRED,
         PLEDGED OR HYPOTHECATED IN THE ABSENCE OF REGISTRATION. FURTHERMORE, NO
         OFFER, SALE, TRANSFER, PLEDGE OR HYPOTHECATION IS TO TAKE PLACE WITHOUT
         THE PRIOR WRITTEN APPROVAL OF COUNSEL OR THE ISSUER BEING AFFIXED TO
         THIS CERTIFICATE. THE TRANSFER AGENT HAS BEEN ORDERED TO EXECUTE
         TRANSFERS OF THIS CERTIFICATE ONLY IN ACCORDANCE WITH THE ABOVE
         INSTRUCTIONS."

         IN WITNESS WHEREOF, the Company has caused this Warrant to be executed
by the signature of its duly authorized officer.

Dated: June 21, 2001                  METHOD PRODUCTS CORPORATION

                                      By:      /s/ Mark Antonucci
                                               ---------------------------------
                                      Name:    Mark Antonucci,
                                               ---------------------------------
                                      Its:     Chief Executive Officer
                                               ---------------------------------

<PAGE>

                                SUBSCRIPTION FORM

                  (To be executed by the registered holder to exercise the
                  rights to purchase Common Shares evidenced by the within
                  Warrant.)

METHOD PRODUCTS CORPORATION
2101 NW 33rd Street
Suite 600A
Pompano Beach, Florida  33069

         The undersigned hereby irrevocably subscribes for __________ Common
Shares pursuant to and in accordance with the terms and conditions of this
Warrant, and herewith makes payment of $__________ therefore, and requests that
a certificate for such Common Shares be issued in the name of the undersigned
and be delivered to the undersigned at the address stated below, and if such
number of shares shall not be all of the shares purchasable hereunder, that a
new Warrant of like tenor for the balance of the remaining Common Shares
purchasable hereunder shall be delivered to the undersigned at the address
stated below.

Dated:                                            Signed:
      ------------------------                           -----------------------

                                                  Address:
                                                          ----------------------

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

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

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