Document:

Exhibit 10.4 Promissory Note

Ex. 10.4 Promissory Note
                                 PROMISSORY NOTE

$202,433                                              Date:  September 29, 2000

For value received, the undersigned Abraham Keinan (the "Borrower"), at 4
Wyecombe Gardens, London, UK, promises to pay to the order of Xfone, Inc, (the
"Lender"), at 6100 Neil Road, Suite 500, Reno, Nevada 89511, (or at such other
place as the Lender may designate in writing) the sum of $202,433 with no
interest.

The unpaid principal shall be payable in annual installments of $20,243,
beginning on Jaunuary, 1 2002, and continuing until Jaunuary, 1 2011, (the "Due
Date"), at which time the remaining unpaid principal shall be due in full.

All payments on this Note shall be applied first in payment of accrued interest
and any remainder in payment of principal.

The Borrower reserves the right to prepay this Note (in whole or in part) prior
to the Due Date with no prepayment penalty.

If any of the following events of default occur, this Note and any other
obligations of the Borrower to the Lender, shall become due immediately, without
demand or notice:

     1)   the filing of bankruptcy proceedings involving the Borrower as a
          debtor;

     2)   the application for the appointment of a receiver for the Borrower;

If any one or more of the provisions of this Note are determined to be
unenforceable, in whole or in part, for any reason, the remaining provisions
shall remain fully operative.

All payments of principal and interest on this Note shall be paid in the legal
currency of the United States. The Borrower waives presentment for payment,
protest, and notice of protest and nonpayment of this Note.

This note cannot be assigned by any of the parties unless mutually agreed.

No renewal or extension of this Note, delay in enforcing any right of the Lender
under this Note, or assignment by Lender of this Note shall affect the liability
or the obligations of the Borrower. All rights of the Lender under this Note are
cumulative and may be exercised concurrently or consecutively at the Lender's
option.

This Note shall be construed in accordance with the laws of the State of Nevada.

Signed this 29 day of September, 2000, at 960 High Road, London UK .

Borrower:
Abraham Keinan

By:____________________________________________________
     Abraham Keinan

 .Ex. 10.5 Stock Purchase Agreement

Ex. 10.5 Stock Purchase Agreement

                            Stock Purchase Agreement

This Stock purchase agreement (agreement) is being signed on 19th June 2000,
between Swiftnet Ltd. (Swiftnet) and Mr. Abraham Keinan (Keinan) and Campbeltown
Business Ltd (Campbeltown).

1)   Swiftnet and Keinan confirm that Keinan owns directly and through companies
     under his control 77.5% of all issued "B" class voting shares of Swiftnet
     and 65% of all issued "A" class equity shares of Swiftnet.

2)   Swiftnet and Keinan confirm that Swiftnet is a British corporation and has
     authorized capital comprised only of 200,000 shares of 1 Pounds (UK) par
     value, of which 22,000 are issued and outstanding as of the date of this
     agreement.

3)   Swiftnet and Keinan declare that the following table presents the
     information covering the beneficial ownership of Swiftnet's shares as of
     the date of this agreement:

A EQUITY OF £1 EACH
-------------------------------------- ---------
A Keinan                                1690
-------------------------------------- ---------
M Cohen*                                3810*
-------------------------------------- ---------
Vision Consultants Ltd                  5500
-------------------------------------- ---------
Total                                  11000
-------------------------------------- ---------

B VOTING OF £1 EACH
-------------------------------------- ---------
A Keinan                                3034
-------------------------------------- ---------
M Cohen*                                2465*
-------------------------------------- ---------
Vision Consultants Ltd                  5500
-------------------------------------- ---------
Total                                  11000
-------------------------------------- ---------

* Mr. Cohen's shares are currently in the process of forfeiture. Any decision
concerning the future of his shares will be made by the Board of Directors and
with the agreement of Campbeltown.

4)   Swiftnet and Keinan confirm that no entity has any right for ownership or
     potential ownership of any kind in Swiftnet besides the following:
     1.   The rights that are assigned and derive from this agreement.
     2.   Rights for options for Mr. Keinan - to be agreed
     3.   Rights for options for Mr. Nissenson - to be agreed
     4.   Rights of Dr. Nissim Levi derived from attached agreement. (Attachment
          A).

5)   Swiftnet, Keinan and Campbeltown confirm their commitment to conclude as
     soon as practically possible, the listing of a US company (the USC) in the
     OTC stock market in the US, to file the  necessary  documents with the SEC
     and other authorities, so that the USC shares will be publicly traded and
     agree to merge into or to be acquired  for stock by the USC, according to
     the process initiated with the Adar group. (The Adar group transaction)
     (Attachment B)

6)   Keinan confirms that all his businesses activities and initiatives in the
     field of telecommunication are conducted through Swiftnet, and will
     continue to do so at least 18 months after the conclusion of the Adar group
     transaction.

7)   Campbeltown declares that it is not involved in any business that competes
     with Swiftnet and will not be involved in such business at least for 18
     months after the Adar Group transaction is concluded.

8)   Campbeltown  will invest in Swiftnet the amount of 100,000 USD. In exchange
     for its  investment  Swiftnet will issue new shares that will represent 20%
     of the total  issued  shares of Swiftnet  and will have equal rights as the
     rest of the shares and ownership (voting and equity). Campbeltown will also
     receive 5% of the USC shares after all initial dilutions.

9)   Swiftnet and Keinan will make sure and guarantee that the shares owned by
     Campbeltown in Swiftnet, as a result of paragraph 8, will be exchanged by
     at least 10% of the total issued and outstanding shares of the USC and that
     Campbeltown will have in total at least 15% of the USC once the Adar group
     transaction is concluded.

10)  Campbeltown will have the right to nominate 33% of the members of the board
     of directors of Swiftnet and the USC. If and when Campbeltown ownership in
     the USC will be less than 7%, Campbeltown will have the right to nominate
     only 20% of the USC board members (at least one member).  In the case that
     Campbeltown ownership in the USC  will be less  than 2% this  right will
     expire.  In the case that the Adar group transaction is not concluded and
     Campbeltown sells all of its shares in Swiftnet, the right for 33% board
     members in Swiftnet will expire.

11)  Campbeltown will have the right to nominate a vice president in Swiftnet
     and/or the USC. It is agreed that Mr. Guy Nissenson is  nominated  now. If
     for any reason Guy Nissenson will leave his position, Campbeltown  and Mr.
     Keinan will agree on another nominee. The VP will be employed with suitable
     conditions. This right will expire when both conditions happen: Campbeltown
     is no longer a shareholder in Swiftnet and it owns less than 2% of the USC.

12)  Campbeltown has the option to purchase additional shares of Swiftnet that
     will represent 10% of all issued shares after the transaction for the
     amount of 200,000 USD. This transaction can be executed either by Swiftnet
     issuing new shares, or by Mr. Keinan selling his private shares (as long as
     he has an adequate amount of shares), as Mr. Keinan will decide.  This
     option will expire on Dec 31, 2005. Campbeltown can exercise this option in
     parts. If this option is exercised before the conclusion of the Adar Group
     transaction Keinan and Swiftnet will make sure and guarantee that the
     shares owned by Campbeltown as a result of exercising  this option will be
     exchanged by the same percentage of ownership in the USC. It is agreed that
     if Campbeltown exercised only part of the option buying Swiftnet shares it
     will have the right to exercise the reminder of the option for the USC
     shares at the same terms. As long as Swiftnet is not a public company or is
     merged / bought / taken over by a third party only half of the option above
     could be taken.

13)  Alternatively to the right described in paragraph "12" after the conclusion
     of the Adar group transaction Campbeltown will have the option to purchase
     shares of the USC that will represent 10% of all issued and outstanding
     shares at the first day of flotation (after the transaction) for the amount
     of 200,000 USD. It is Campbeltown decision what alternative to choose. This
     transaction can be executed either by the USC issuing new shares, or by Mr.
     Keinan selling his private shares in the USC (as long as he has an adequate
     amount of shares), as Mr. Keinan will decide. The option can be executed in
     parts and will expire on Dec 31,2005.  Keinan and Swiftnet will make sure
     and guarantee that the option is granted when the Adar group transaction is
     concluded.

14)  Campbeltown will have the right to participate under the same terms and
     conditions in any investment or transaction  that involve equity rights in
     Swiftnet or the USC conducted by Mr. Keinan at the relative ownership
     portion.

15)  In the event that Swiftnet or the USC will seek for money in a private
     placement for equity or any other rights, Campbeltown will have the right
     of first refusal on any transaction or part of it until Dec 31, 2005 or as
     long as it owns over 7% of Swiftnet equity or 4% of the USC.

16)  Keinan and Campbeltown will sign a right of first refusal agreement for the
     sell of their shares.

17)  Until Swiftnet or the USC conducts a public offering and is traded on a
     stock market, the USC and Swiftnet will not issue any additional shares or
     equity rights without a written agreement from Campbeltown. This right will
     expire when Campbeltown will have no interest or shares in Swiftnet and the
     USC.

18)  This agreement shall be construed and governed in accordance with the laws
     of the UK.

19)  This agreement can be assigned by Campbeltown to any entity.

Signature:

----------------------                             ----------------------
Swiftnet Ltd.                                      Campbeltown Business Ltd.

----------------------
Abraham Keinan

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