Document:

EXHIBIT 10(i)

                            STOCK PURCHASE AGREEMENT

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                 SERIES A CONVERTIBLE PREFERRED, $5.00 PAR VALUE

                            STOCK PURCHASE AGREEMENT

         This  Agreement,  dated June 15,  1999,  is entered into by and between
CYBERUNI.ORG,  Inc. a  California  corporation  (the  "Company"),  and  TERTIARY
PARTNERS  LIMITED,  a  corporation  organized  under the laws of the Republic of
Vanuatu, (the "Purchaser") with respect to the following facts:

         The Company is a California  corporation which intends to engage in the
         business of providing  university-level  courses and assessment via the
         Internet.  The  Purchaser  wishes to purchase  shares of the  Company's
         Series A Convertible  Preferred Stock $5.00 par value,  and the Company
         is willing to sell such shares to the  Purchaser,  subject to the terms
         set forth below.

The parties agree as follows:

1. Agreement to Purchase.  The Company agrees to sell to the Purchaser,  and the
Purchaser  agrees to buy,  50,000 shares of the  Preferred  Stock of the Company
(the "Shares") at a price of $US5.00 per share (the "Purchase  Price"),  subject
to the terms and conditions set forth below.

2.  Closing.  The  purchase  and sale of the Shares shall take place on July 15,
1999, at the business address of the Purchaser, located at the address set forth
below the  signature of the Purchaser on this  Agreement,  or at such other time
and place and in such other manner as the parties deem mutually  acceptable.  At
the  Closing,  the  Company  shall  issue one or more  certificates,  in amounts
designated by the Purchaser,  to the  Purchaser,  in exchange for the payment by
the  Purchaser  by  cashier's  check,  certified  check or wire  transfer of the
Purchase Price in lawful currency of the United States of America.

3.  Representations and Warranties of Company. The Company hereby represents and
warrants to the Purchaser as follows:

         3.1. Organization.  The Company is a corporation which is duly existing
and in good standing under the laws of the State of California.  The Company has
the requisite  power to own and operate its properties and assets,  and to carry
on its  business  as  presently  conducted  and as it  proposes  to conduct  its
business, and is duly qualified to do business in each jurisdiction in which the
failure  to be so  qualified  would  have a  materially  adverse  impact  on the
business or financial condition of the Company.

         3.2.  Due  Authorization  --  Corporate  Power.  The  Company  has  all
requisite legal power to execute and deliver this  Agreement,  to sell and issue
the Shares and to perform its obligations under this Agreement.

         3.3.  Binding  Obligation.  This  Agreement  is  a  valid  and  binding
obligation of the Company.

         3.4. Shares.  The Company currently is authorized under its Articles of
Incorporation  to  issue  _______________  shares  of  Common  Stock,  of  which
4,000,000 are presently  outstanding,  and  _______________  shares of Preferred
Stock,  of which  none are  presently  outstanding.  Upon  full  payment  by the
Purchaser of the Purchase Price,  the Shares shall be fully paid,  nonassessable
and free of any preemptive rights and restrictions other than those contained in
this Agreement or which may be imposed by applicable securities laws.

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4. Representations and Warranties of Purchaser.  The Purchaser hereby represents
and warrants as follows:

         4.1.  Authorization -- Binding  Obligation.  All actions on the part of
the Purchaser for the authorization,  execution, delivery and performance by the
Purchaser of this  Agreement has been taken,  and this  Agreement  constitutes a
valid and binding obligation of the Purchaser.

         4.2.  Experienced  Investor  The  Purchaser  acknowledges  that  he has
substantial  experience  in investing in start-up  ventures such as the Company.
The  Purchaser has a preexisting  business  relationship  with the Company which
allows the Purchaser to evaluate the business  risks of the Company and business
and financial acumen of its management.

         4.3. High Risk Investment.  The Purchaser understands that his purchase
of the Shares represents a speculative,  high-risk investment. Among these risks
are: (i) the Company has not yet begun full operations; (ii) the Company has not
yet received the capital  required to begin the operations  contemplated  in its
business  plan and has not yet received any binding  commitments  from any third
party to  provide  such  capital;  (iii)  the  full  amount  of the  Purchaser's
investment will not be sufficient, by itself, to allow the Company to begin full
operations;  and (iv)  the  Company  proposes  to  conduct  its  business  in an
intensely  competitive  industry,  and many of its  competitors  have,  and will
continue to have,  substantially  greater financial  resources than the Company.
The  Purchaser  has had an  opportunity  to ask  questions of  management of the
Company  concerning these matters and others related to the business,  financial
condition and  management of the Company,  and these  questions were answered to
the  satisfaction  of  the  Purchaser.   The  Purchaser  understands  that  such
discussions and written  materials were intended to describe  certain aspects of
the  Company's  business  and  prospects  and were not a  thorough  or  complete
description.

         4.4.  No  Broker.  The  Company  has not  incurred  and will not incur,
directly or indirectly,  as a result of any action taken by the  Purchaser,  any
liability for brokerage or finders' fees or agents'  commissions  or any similar
charges in connection with this Agreement.

         4.5.  Purchase for  Investment - Not Resale.  The Purchaser  represents
that he is  purchasing  the Shares for his own account and not with a view to or
for sale in connection with any distribution of the Shares.

         4.6.  No  Registration/Compliance  with  Regulation  S.  The  Purchaser
understands that the Shares are not being registered under the Securities Act of
1933,  as amended,  (the "Act")  pursuant to the  exemption to the  registration
requirements contained in Regulation S of the Securities and Exchange Commission
("Regulation S"). The Purchaser represents that it does not reside in the United
States  and that it is not  purchasing  the  Shares  for the  account  of or for
distribution to any "U.S.  Person." For the purposes of this Agreement,  a "U.S.
Person"  is: (i) any natural  person  residing  in the United  States;  (ii) any
partnership,  corporation or other business entity  organized or incorporated in
the United States;  (iii) any estate of which the executor or administrator is a
U.S.  Person;  (iv) any trust of which any  trustee  is a U.S.  Person;  (v) any
agency or branch of a foreign  entity  located  in the  United  States;  (v) any
non-discretionary  account or similar  account  (other  than an estate or trust)
held by a dealer or other fiduciary for the benefit or account of a U.S. Person;
(vi) any  discretionary  account or  similar  account  (other  than an estate or
trust) held by a dealer or other fiduciary  organized,  incorporated or resident
in the United States; and (vii) any partnership or corporation if: (A) organized
or incorporated under the laws of any non-U.S. jurisdiction; and (B) formed by a
U.S.  Person  principally  for  the  purpose  of  investing  in  securities  not
registered under the Securities Act of 1933, as amended,  unless it is organized
and incorporated,  and owned by, persons defined as "Accredited Investors" under
Regulation  D of the  Securities  and  Exchange  Commission  who are not natural
persons, estates or trusts.

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5.  Restrictions on Resale of Shares.  The Purchaser  agrees that the Shares may
not be  offered  or sold to any U.S.  Person  for a period of one year after the
date of this  Agreement  and that the  Shares may not be sold other than in full
compliance  with the  requirements  of,  and  subject  to the  restrictions  of,
Regulation S. The Company shall refuse to register any transfer of the Shares on
its  shareholder  records  unless the holder  thereof  can  demonstrate,  to the
reasonable  satisfaction of the Company,  that the sale or other transfer of the
Shares is being made in accordance  with  Regulation S, pursuant to registration
under the Securities Act or pursuant to an available  exemption to  registration
under the Securities Act. The certificate or certificates  evidencing the Shares
shall bear a restrictive legend substantially in the following form

         THESE  SECURITIES  HAVE  BEEN  ISSUED  WITHOUT  REGISTRATION  UNDER THE
         U.S.SECURITIES  ACT OF  1933,  AS  AMENDED,  (THE  "ACT")  PURSUANT  TO
         REGULATION S OF THE  SECURITIES  AND EXCHANGE  COMMISSION  ("REGULATION
         S").  FOR A PERIOD OF ONE YEAR  AFTER THE DATE  THESE  SECURITIES  WERE
         ORIGINALLY  ISSUED BY THE CORPORATION,  THESE SHARES MAY NOT BE SOLD OR
         OTHERWISE  TRANSFERRED TO ANY U.S. PERSON (AS DEFINED IN REGULATION S).
         IN ADDITION,  THESE SECURITIES MAY NOT BE SOLD OR OTHERWISE TRANSFERRED
         UNLESS THE HOLDER CAN  DEMONSTRATE  THAT THE  TRANSFER IS BEING MADE IN
         ACCORDANCE  WITH THE  REQUIREMENTS  OF  REGULATION  S,  PURSUANT  TO AN
         EFFECTIVE  REGISTRATION  STATEMENT  UNDER  THE  ACT OR  PURSUANT  TO AN
         AVAILABLE EXEMPTION TO THE REGISTRATION REQUIREMENTS OF THE ACT.

6. Indemnification.

         6.1.  Company.  The  Company  will  indemnify  and hold  the  Purchaser
harmless  for all claims,  costs,  liabilities  and damages  arising  from or in
connection  any violation by the Company of the terms of this Agreement or gross
negligence or willful  misconduct by the Company in the performance of the terms
of this Agreement.

         6.2.  Purchaser.  The  Purchaser  will  indemnify  and hold the Company
harmless against all claims,  losses,  damages,  costs, expenses and liabilities
which result from the Purchaser  making any false  statement,  including but not
limited to those false statements or omissions which cause the exemptions to the
registration or qualification  requirements of state and federal securities laws
under which the Company is selling the Shares to be  unavailable or which result
in the violation of any such securities laws by the Company.

7.       Miscellaneous.

         7.1. Amendment -- Waiver. No provision of this Agreement may be amended
unless  such  amendment  is in  writing  and is signed by both  parties  to this
Agreement.  No right  under this  Agreement  will be deemed  waived  unless that
waiver is set forth in a written  instrument  signed by the party who has waived
that right. The waiver of any right under this Agreement will not constitute the
waiver of any right of any party under this Agreement.

         7.2.  Successors and Assigns.  This Agreement shall be binding upon and
shall inure to the benefit of the successors and assigns of each party.

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         7.3.  Governing Law. This Agreement  shall be governed by and construed
in accordance  with the laws of the State of California  and the federal laws of
the United States of America,  exclusive of the  application of any conflicts of
laws  principles  which  would  require the  application  of the laws of another
jurisdiction.

         7.4. Entire Agreement.  This Agreement and the exhibits attached hereto
constitute  the entire  understanding  and agreement with respect to the subject
matter  herein  and  supersedes   entirely  all  previous  and   contemporaneous
agreements, whether oral or written, with respect to such subject matter.

         7.5.  Notices.  Any notice or report herein required or permitted to be
given  shall be given by  personal  delivery,  by Federal  Express  (paid for by
sender) or by depositing the same in the mail,  postage prepaid and addressed to
the parties set forth below their signatures on this Agreement.

IN WITNESS  WHEREOF,  the parties have caused this Agreement to be duly executed
and delivered as of the date first above written.

CYBERUNI.ORG, INC.                         TERTIARY PARTNERS LIMITED

/s/George V. Franich                       ___________________________________
--------------------------------------
George V. Franich, President               By: _______________________________

Address:                                   Address:
580 California Street, Suite 500           ___________________________________
San Francisco, CA 94104                    ___________________________________
UNITED STATES OF AMERICA                   ___________________________________

                                       98EXHIBIT 10(ii)

                              DECLARATION OF TRUST

                                       99
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                              DECLARATION OF TRUST

BY THIS DEED SATELLITE  HOLDINGS LIMITED of PO Box 782, Port Vila,  Vanuatu (the
"Trustee")  declares  that  although  it  has  become  vested  as  the  apparent
proprietor  of the  share  or  shares  ("the  shares")  as set out in the  first
schedule hereto in the capital of the International Business Company

                            KAVIL UNIVERSITY LIMITED

it holds the shares as trustee  and not as the  beneficial  owner  thereof or as
shareholder  entitled to any right, title or interest thereunder but only behalf
of and as trustee for the person or company named in the second  schedule hereto
("the beneficiary").

TO THE FULL INTENT  PURPOSE AND EFFECT that the Trustee shall hold the shares as
Trustee  for  the  beneficiary  at  all  times  at  the  sole  direction  of the
beneficiary and at any time upon giving written notice including notice by telex
or facsimile to the Trustee may terminate the Trustee and in compliance with all
laws and the  Memorandum  and Articles of  Association of the Company may remove
the Trustee from the Register of Members of the Company.

AND the Trustee HEREBY DECLARES that it has no beneficial interest of any nature
in the shares and shall duly act in accordance with all lawful directions of the
beneficiary  in the exercise of all rights and  interests  which the Trustee may
have or exercise in the same manner as if the  beneficiary  were duly entered in
the Register of Members as the sole unencumbered owner of the shares.

                                 FIRST SCHEDULE

                        ONE [1] ORDINARY SHARE numbered 1

                                 SECOND SCHEDULE

         Rhys Cullen of PO Box 7787, Wellesley St, Auckland, New Zealand

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                              DECLARATION OF TRUST

BY THIS DEED REGENT  LIMITED of PO Box 782, Port Vila,  Vanuatu (the  "Trustee")
declares that  although it has become  vested as the apparent  proprietor of the
share or shares ("the  shares") as set out in the first  schedule  hereto in the
capital of the International Business Company

                            KAVIL UNIVERSITY LIMITED

it holds the shares as trustee  and not as the  beneficial  owner  thereof or as
shareholder  entitled to any right, title or interest thereunder but only behalf
of and as trustee for the person or company named in the second  schedule hereto
("the beneficiary").

TO THE FULL INTENT  PURPOSE AND EFFECT that the Trustee shall hold the shares as
Trustee  for  the  beneficiary  at  all  times  at  the  sole  direction  of the
beneficiary and at any time upon giving written notice including notice by telex
or facsimile to the Trustee may terminate the Trustee and in compliance with all
laws and the  Memorandum  and Articles of  Association of the Company may remove
the Trustee from the Register of Members of the Company.

AND the Trustee HEREBY DECLARES that it has no beneficial interest of any nature
in the shares and shall duly act in accordance with all lawful directions of the
beneficiary  in the exercise of all rights and  interests  which the Trustee may
have or exercise in the same manner as if the  beneficiary  were duly entered in
the Register of Members as the sole unencumbered owner of the shares.

                                 FIRST SCHEDULE

                        ONE [1] ORDINARY SHARE numbered 2

                                 SECOND SCHEDULE

         Rhys Cullen of PO Box 7787, Wellesley St, Auckland, New Zealand

                                      101

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