Document:

REGULATION S STOCK PURCHASE AGREEMENT

                                       FOR

                      ACCESSPOINT CORPORATION COMMON STOCK

<PAGE>

                                TABLE OF CONTENTS

                                                                            PAGE

ARTICLE I.  PURCHASE, SALE AND TERMS OF SHARES................................2
   1.1.    The Shares.........................................................2
   1.2.    Payment of Purchase Price; Closing.................................2
   1.3.    Covenants of Best Efforts..........................................2
   1.4.    Representations by the Purchaser...................................2

ARTICLE II.  REPRESENTATIONS AND WARRANTIES OF THE COMPANY....................5
   2.1.    Organization and Standing of the Company...........................5
   2.2.    Corporate Action...................................................5
   2.3.    Governmental Approvals.............................................5
   2.4.    Litigation.........................................................5
   2.5.    Compliance with Other Instruments..................................6
   2.6.    Title to Assets; Intellectual Property Rights......................6
   2.7.    Taxes  6
   2.8.    Disclosure.........................................................7
   2.9.    Brokers or Finders.................................................7
   2.10.   Capitalization; Status of Capital Stock............................7
   2.11.   SEC Reports........................................................7
   2.12.   Books and Records..................................................7

ARTICLE III.  MISCELLANEOUS...................................................8
   3.1.    No Waiver; Cumulative Remedies.....................................8
   3.2.    Amendments; Waivers and Consents...................................8
   3.3.    Addresses for Notices..............................................8
   3.4.    Costs; Expenses and Taxes..........................................8
   3.5.    Effectiveness; Binding Effect; Assignment..........................8
   3.6.    Survival of Representations and Warranties.........................8
   3.7.    Prior Agreements...................................................8
   3.8.    Severability.......................................................8
   3.9.    Governing Law;Venue................................................8
   3.10.   Headings...........................................................9
   3.11.   Counterparts.......................................................9
   3.12.   Further Assurances.................................................9

                                      -i-

<PAGE>

         Regulation  S Stock  Purchase  Agreement,  effective  as of November 1,
2000, between ACCESSPOINT CORPORATION, a Nevada corporation having offices at 38
Executive Park Drive,  Suite 350, Irvine, CA 92614 (the "Company"),  and Citizen
Asia Pacific Limited,  a Hong Kong company having offices at 13/F Silver Fortune
Plaza, 1 Wellington Street, Central, Hong Kong (the "Purchaser").

                                   ARTICLE I.

                       PURCHASE, SALE AND TERMS OF SHARES

         1.1. THE SHARES.  The Company agrees to issue and sell to the Purchaser
and,  in  consideration  of and in express  reliance  upon the  representations,
warranties,  covenants,  terms and conditions of this  Agreement,  the Purchaser
agrees to purchase from the Company up to 1,600,000 shares (the "Shares") of the
Company's  Common Stock at a per share  purchase price which shall be 40% of the
average of the closing prices of the Company's  shares of Common Stock as quoted
on the OTC Bulletin  Board (the  "OTCBB") (or on such other United  States stock
exchange or public  trading  market on which the shares of the Company trade if,
at the time of  purchase,  they are not  trading on the OTCBB) for the three (3)
consecutive  trading days  immediately  preceding  the date  Purchaser  acquires
Shares  hereunder (the "Purchase  Price") on or before June 30, 2001 as outlined
in Section 1.3 below.  The Purchaser  understands and agrees that the Company in
its sole discretion reserves the right to accept or reject this subscription for
the  Shares,  in whole or in part,  prior to  receipt  by the  Purchaser  of the
Purchase Price, or any applicable portion thereof, as set forth in Section 1.3.

         1.2.  PAYMENT OF PURCHASE  PRICE;  CLOSING.  The Purchaser will pay the
purchase price by wire transfer of immediately available funds to a non-interest
bearing escrow  account of Gemini  Financial  Group Limited,  for the benefit of
Purchaser, along with written instructions from Purchaser authorizing release of
such funds to the Company upon receipt by Gemini  Financial  Group  Limited of a
series of certificates representing the Shares.

         1.3      COVENANT OF BEST EFFORTS. The Purchaser agrees to use its best
efforts to purchase the shares

                           November 30, 2000         200,000 Shares
                           December 30, 2000         200,000 Shares
                           January 30, 2001          200,000 Shares
                           February 28, 2001         200,000 Shares
                           March 30, 2001            200,000 Shares
                           April 30, 2001            200,000 Shares
                           May 30, 2001              200,000 Shares
                           June 30, 2001             200,000 Shares

         1.4.     REPRESENTATIONS BY THE PURCHASER.  The Purchaser makes the
following  representations  and warranties to the Company:

                  (a)  ACCESS TO  INFORMATION.  The  Purchaser,  in  making  the
decision  to  purchase   the  Shares,   has  relied   solely  upon   independent
investigations  made by it and/or its  representatives,  if any.  The  Purchaser
and/or its representatives  during the course of this transaction,  and prior to
the  purchase of any Shares,  has had the  opportunity  to ask  questions of and
receive  answers from the  management  of the Company  concerning  the terms and
conditions  of  the  offering  of  the  Shares  and to  receive  any  additional
information,  documents,  records and books  relative to its  business,  assets,
financial  condition,  results of  operations  and  liabilities  (contingent  or
otherwise) of the Company.

                  (b)  SOPHISTICATION  AND KNOWLEDGE.  The Purchaser  and/or its
representatives  has such  knowledge  and  experience  in financial and business
matters that it can represent itself and is capable of evaluating the merits and
risks of the purchase of the Shares. The Purchaser is not relying on the Company
with respect to the tax and other  economic  considerations  of an investment in
the  Shares,  and the  Purchaser  has relied on the advice of,

<PAGE>

or has  consulted  with,  only the  Purchaser's  own  advisor(s).  The Purchaser
represents  that it has not been  organized  for the  purpose of  acquiring  the
Shares.

                  (c) LACK OF  LIQUIDITY.  The Purchaser  acknowledges  that the
purchase of the Shares  involves a high degree of risk and further  acknowledges
that it can bear the economic risk of the purchase of the Shares,  including the
total loss of its investment. The Purchaser has no present need for liquidity in
connection with its purchase of the Shares.

                  (d) NO PUBLIC  SOLICITATION.  The Purchaser is not subscribing
for the  Shares  as a result of or  subsequent  to any  advertisement,  article,
notice or other  communication  published in any newspaper,  magazine or similar
media or  broadcast  over  television  or radio,  or presented at any seminar or
meeting,  or any solicitation of a subscription by a person not previously known
to the Purchaser in connection with investments in securities generally.

                  (e) AUTHORITY. The Purchaser has full right and power to enter
into and  perform  pursuant  to this  Agreement  and make an  investment  in the
Company,  and this  Agreement  constitutes  the  Purchaser's  valid and  legally
binding  obligation,  enforceable in accordance with its terms. The Purchaser is
authorized  and otherwise  duly qualified to purchase and hold the Shares and to
enter into this Agreement

                  (f) REGULATION S EXEMPTION. The Purchaser understands that the
Shares are being  offered and sold to it in reliance  on an  exemption  from the
registration  requirements  of United States federal and state  securities  laws
under Regulation S promulgated  under the Securities Act and that the Company is
relying  upon  the  truth  and  accuracy  of  the  representations,  warranties,
agreements, acknowledgments and understandings of the Purchaser set forth herein
in order to determine the  applicability  of such exemptions and the suitability
of  the  Purchaser  to  acquire  the  Shares.  In  this  regard,  the  Purchaser
represents, warrants and agrees that:

                           (i)      The  Purchaser is not a U.S.  Person (as
         defined  below) and is not an  affiliate  (as defined in Rule 501(b)
         under the Securities Act) of the Company.  A U.S. Person means any one
         of the following:

                                    (A)     any natural person resident in the
                                            United States of America;

                                    (B)     any   partnership   or   corporation
                                            organized or incorporated  under the
                                            laws  of  the   United   States   of
                                            America;

                                    (C)     any estate of which any  executor or
                                            administrator is a U.S. person;

                                    (D)     any trust of which any  trustee is a
                                            U.S. person;

                                    (E)     any  agency  or  branch of a foreign
                                            entity  located in the United States
                                            of America;

                                    (F)     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;

                                    (G)     any discretionary account or similar
                                            account  (other  than an  estate  or
                                            trust)  held by a  dealer  or  other
                                            fiduciary organized, incorporated or
                                            (if an  individual)  resident in the
                                            United  States of  America;  and

                                    (H)     any partnership or corporation if:

<PAGE>

                                                     (1)      organized  or
                                            incorporated  under  the laws of any
                                            foreign jurisdiction; and

                                                     (2) formed by a U.S. person
                                            principally   for  the   purpose  of
                                            investing    in    securities    not
                                            registered under the Securities Act,
                                            unless    it   is    organized    or
                                            incorporated,    and    owned,    by
                                            accredited  investors (as defined in
                                            Rule  501(a)  under  the  Securities
                                            Act)  who are not  natural  persons,
                                            estates or trusts.

                           (ii)  At the  time  of  the  origination  of  contact
         concerning this Agreement and the date of the execution and delivery of
         this Agreement, the Purchaser was outside of the United States.

                           (iii) The  Purchaser  will  not,  during  the  period
         commencing  on the date of  issuance  of the  Shares  and ending on the
         first  anniversary  of such  date,  or such  shorter  period  as may be
         permitted  by  Regulation  S or other  applicable  securities  law (the
         "Restricted  Period"),  offer,  sell, pledge or otherwise  transfer the
         shares in the United  States,  or to a U.S.  Person for the  account or
         benefit of a U.S. Person.

                           (iv) The  Purchaser  will,  after  expiration  of the
         Restricted Period, offer, sell, pledge or otherwise transfer the Shares
         only pursuant to registration  under the Securities Act or an available
         exemption  therefrom and, in accordance  with all applicable  state and
         foreign securities laws.

                           (v)  The  Purchaser  has  not in the  United  States,
         engaged in, and prior to the expiration of the  Restricted  Period will
         not engage in, any short  selling of or any  hedging  transaction  with
         respect to the Shares,  including without limitation,  any put, call or
         other option transaction, option writing or equity swap.

                           (vi) Neither the  Purchaser  nor or any person acting
         on its behalf has  engaged,  nor will engage,  in any directed  selling
         efforts to U.S.  Citizens  with respect to the Shares and the Purchaser
         and any person  acting on its behalf have complied and will comply with
         the  "offering  restrictions"  requirements  of  Regulation S under the
         Securities Act.

                           (vii) The transactions contemplated by this Agreement
         have not been pre-arranged with a buyer located in the United States or
         with a U.S.  Person,  and are not part of a plan or scheme to evade the
         registration requirements of the Securities Act.

                           (viii) Neither the Purchaser nor any person acting on
         its behalf has  undertaken  or carried out any activity for the purpose
         of,  or that  could  reasonably  be  expected  to have the  effect  of,
         conditioning  the  market in the  United  States,  its  territories  or
         possessions,  for any of the Shares.  The Purchaser agrees not to cause
         any  advertisement  of the Shares to be published  in any  newspaper or
         periodical  or posted in any public place and not to issue any circular
         relating to the Shares,  except such  advertisements  that  include the
         statements required by Regulation S under the Securities Act.

                           (ix)     Each certificate representing the Shares
         shall be endorsed with the following legends:

                                    (A)  "THE   SHARES  ARE  BEING   OFFERED  TO
                  INVESTORS WHO ARE NOT U.S. PERSONS (AS DEFINED IN REGULATION S
                  UNDER THE SECURITIES ACT OF 1933, AS AMENDED ("THE  SECURITIES
                  ACT"))  AND  WITHOUT   REGISTRATION  WITH  THE  UNITED  STATES
                  SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT IN
                  RELIANCE UPON  REGULATION S PROMULGATED  UNDER THE  SECURITIES
                  ACT."

<PAGE>

                                    (B) "INVESTORS  UNDER  REGULATION S ARE ALSO
                  ADVISED THAT DURING THE ONE-YEAR  RESTRICTED  PERIOD  PROVIDED
                  FOR IN RULE 903 OF  REGULATION  S, NO  OFFERS  OR SALES OF THE
                  SHARES  OFFERED  HEREBY MAY BE MADE IN THE UNITED STATES OR TO
                  U.S. PERSONS.

                                    (C) Any other  legend  required to be placed
                  thereon by applicable federal or state securities laws.

                           (x) The  Purchaser  consents to the Company  making a
         notation on its records or giving instructions to any transfer agent of
         the Company in order to implement the  restrictions  on transfer of the
         Shares set forth in this Section 1.4.

                                   ARTICLE II

                  REPRESENTATIONS AND WARRANTIES OF THE COMPANY

         The Company represents and warrants as follows:

         2.1.  ORGANIZATION  AND STANDING OF THE COMPANY.  The Company is a duly
organized and validly  existing  corporation  in good standing under the laws of
the State of Nevada and has all requisite  corporate power and authority for the
ownership  and  operation  of its  properties  and  for the  carrying  on of its
business as now conducted and as now proposed to be conducted and to execute and
deliver  this  Agreement  and  other   instruments,   agreements  and  documents
contemplated herein (together with this Agreement, the "Transaction Documents"),
to issue,  sell and  deliver  the Shares and to  perform  its other  obligations
pursuant hereto.  The Company is duly licensed or qualified and in good standing
as a foreign corporation  authorized to do business in all jurisdictions wherein
the  character of the property  owned or leased or the nature of the  activities
conducted by it makes such licensing or  qualification  necessary,  except where
the  failure to be so licensed or  qualified  would not have a material  adverse
effect on the business, operations or financial condition of the Company.

         2.2.  CORPORATE  ACTION.  The  Transaction  Documents  have  been  duly
authorized,  executed  and  delivered by the Company and  constitute  the legal,
valid and binding obligations of the Company, enforceable against the Company in
accordance with their  respective  terms.  The Shares have been duly authorized.
The issuance,  sale and delivery of the Shares have been duly  authorized by all
required  corporate action on the part of the Company.  The Shares,  when issued
and paid for in  accordance  with the  Transaction  Documents,  will be  validly
issued,  fully paid and nonassessable,  with no personal liability  attaching to
the  ownership  thereof  and  will be free  and  clear  of all  liens,  charges,
restrictions,  claims and encumbrances imposed by or through the Company, except
as expressly set forth in the Transaction Documents.

         2.3.  GOVERNMENTAL  APPROVALS.  No  authorization,  consent,  approval,
license,  exemption of or filing or registration  with any court or governmental
department,  commission,  board, bureau, agency or instrumentality,  domestic or
foreign,  is or will be necessary for, or in connection  with, the execution and
delivery by the Company of this Agreement, for the offer, issue, sale, execution
or  delivery  of the  Shares,  or for  the  performance  by the  Company  of its
obligations  under the Transaction  Documents except for any filings required by
applicable securities laws.

         2.4.  LITIGATION.  Except as set  forth on  Schedule  2.4,  there is no
litigation  or  governmental  proceeding  or  investigation  pending  or, to the
knowledge of the Company,  threatened  against the Company  affecting any of its
properties  or assets,  nor, to the best  knowledge  of the  Company,  has there
occurred  any event or does there exist any  condition on the basis of which any
litigation,  proceeding  or  investigation  might  properly be  instituted.  The
Company is not in default with respect to any order, writ,  injunction,  decree,
ruling or decision of any court,  commission,  board or other government agency,
which such default might have a material adverse effect on the

<PAGE>

business,  assets,  liabilities,  operations,  Intellectual Property Rights, (as
defined hereinafter) management or financial condition of the Company. There are
no actions or proceedings pending or, to the Company's knowledge, threatened (or
any basis therefor known to the Company) against the Company which might result,
either in any case or in the  aggregate,  in any material  adverse change in the
business,  operations,   Intellectual  Property  Rights,  affairs  or  financial
condition of the Company or in any of its  properties or assets,  or which might
call into question the validity of any of the Transaction Documents,  any of the
Shares, or any action taken or to be taken pursuant hereto or thereto.

         2.5. COMPLIANCE WITH OTHER INSTRUMENTS. The Company is in compliance in
all respects with its Certificate of Incorporation  and Bylaws,  each as amended
and/or  restated  to date,  and in all  respects  with the  material  terms  and
provisions  of  all  mortgages,   indentures,   leases,   agreements  and  other
instruments  by which it is  bound  or to which it or any of its  properties  or
assets are subject.  The Company is in compliance in all material  respects with
all  judgments,   decrees,   governmental  orders,  laws,  statutes,   rules  or
regulations  by which it is  bound  or to which it or any of its  properties  or
assets are  subject.  Neither the  execution  and  delivery  of the  Transaction
Documents nor the issuance of the Shares, nor the consummation or performance of
any transaction  contemplated hereby or thereby,  has constituted or resulted in
or will  constitute  or result in a default or violation  of,  create a conflict
with,  trigger any "change of  control" or other right of any Person  under,  or
require any consent,  waiver,  release or approval under or with respect to, any
term or provision of any of the  foregoing  documents,  instruments,  judgments,
agreements, decrees, orders, statutes, rules and regulations.

         2.6. TITLE TO ASSETS; INTELLECTUAL PROPERTY RIGHTS. (a) The Company has
good  and  marketable  title  in fee to such of its  fixed  assets  as are  real
property,  and  good and  merchantable  title to all of its  other  assets,  now
carried on its books, free of any mortgages,  pledges,  charges, liens, security
interests or other  encumbrances.  The Company enjoys  peaceful and  undisturbed
possession under all leases under which it is operating, and all said leases are
valid and subsisting and in full force and effect.

                  (b) The  Company  owns or has a valid  right  to use  patents,
patent  applications,   patent  right,  trade  secrets,   confidential  business
information,  formula, processes, laboratory notebooks, algorithms,  copyrights,
mask works,  claims of infringement  against third parties,  licenses,  permits,
license rights,  contract rights with employees,  consultants and third parties,
trademarks,   trademark  rights,  inventions  and  discoveries,  and  all  other
intellectual  property,  including,  without  limitation,  all other such rights
generally classified as intangible,  intellectual  property assets in accordance
with GAAP  (collectively  the,  "Intellectual  Property  Rights")  being used to
conduct its  business as now  operated  and as now proposed by the Company to be
operated and to the best of the Company's knowledge, the conduct of its business
as now  operated  and as now  proposed  to be  operated  does  not and  will not
conflict with or infringe upon the  Intellectual  Property Rights of others.  To
the best of the Company's  knowledge,  no claim is pending or threatened against
the Company  and/or its officers,  employees and  consultants to the effect that
any such Intellectual  Property Right owned or licensed by the Company, or which
the Company  otherwise has the right to use, is invalid or  unenforceable by the
Company.

                  (c) The Company has taken all  reasonable  measures to protect
and  preserve  the  security,  confidentiality  and  value  of its  Intellectual
Property Rights, including its trade secrets and other confidential information.
The Company is and will be the exclusive owner of all right,  title and interest
in its Intellectual Property Rights as purported to be owned by the Company, and
such  Intellectual  Property Rights are valid and in full force and effect.  The
Company has not received  notice of and, to the best of the Company's  knowledge
there are no claims that the Company's  Intellectual  Property Rights or the use
or ownership  thereof by the Company  infringes,  violates or conflicts with any
such right of any third party.

         2.7.  TAXES.  Except as set forth on  Schedule  2.7,  the  Company  has
accurately  prepared and timely  filed all federal,  state and other tax returns
required by law to be filed by it, has paid or made provision for the payment of
all  taxes  shown  to be  due  and  all  additional  assessments,  and  adequate
provisions  have  been  made  and  are  reflected  in  the  Company's  financial
statements  for all  current  taxes and other  charges  to which the  Company is
subject and which are not currently due and payable.

<PAGE>

         2.8.  DISCLOSURE.  There is no fact within the knowledge of the Company
or any of its  executive  officers  which  has not been  disclosed  herein or in
writing by them to the Purchaser and which materially  adversely affects,  or in
the future in their  opinion may,  insofar as they can now  foresee,  materially
adversely affect the business,  operations,  properties,  Intellectual  Property
Rights,  assets or  condition,  financial  or  other,  of the  Company.  Without
limiting the foregoing, the Company has no knowledge that there exists, or there
is pending or planned, any patent, invention,  device,  application or principle
or any statute,  rule, law, regulation,  standard or code which would materially
adversely affect the business, operations, Intellectual Property Rights, affairs
or financial condition of the Company.

         2.9. BROKERS OR FINDERS. No Person has or will have, as a result of the
transactions  contemplated by this Agreement, any right, interest or valid claim
against or upon the Purchaser for any commission, fee or other compensation as a
finder or broker because of any act or omission by the Company or its respective
agents.

         2.10.  CAPITALIZATION;  STATUS OF CAPITAL STOCK. As of the date hereof,
the Company  had a total  authorized  capitalization  consisting  of  25,000,000
shares of Common Stock,  $.00l par value and 5,000,000 Series A Preferred Stock,
$.001 par value. As of September 1, 2000, 16,054,082 shares of Common Stock were
issued and  outstanding.  All the  outstanding  shares of  capital  stock of the
Company  have been duly  authorized,  and are  validly  issued,  fully  paid and
non-assessable.  Other than the Series A Preferred Stock,  none of the Company's
outstanding  securities or authorized  capital stock or the Shares is subject to
any rights of redemption, repurchase, rights of first refusal, preemptive rights
or other similar rights,  whether contractual,  statutory or otherwise,  for the
benefit of the  Company,  any  stockholder,  or any other  Person.  There are no
restrictions  on the  transfer of shares of capital  stock of the Company  other
than  those  imposed  by  relevant  federal  and  state  securities  laws and as
otherwise   contemplated   by  this   Agreement.   There   are  no   agreements,
understandings,  trusts or other  collaborative  arrangements or  understandings
concerning  the voting or transfer of the capital  stock of the Company to which
the Company is a party.  Except for  341,000  shares of the  Company's  Series A
Preferred  Stock issuable under the terms of the Company's  Employee Stock Bonus
Agreements,  the Company does not have  outstanding,  and has no  obligation  to
grant or issue,  any  "phantom  stock" or other right  measured by the  profits,
revenues or results of operations of the Company or any portion thereof;  or any
similar rights.

         2.11.  SEC REPORTS.  The Company has furnished the Purchaser  with true
and complete copies of its reports on Form 8-K filed April 13, 2000, Form 10-QSB
for the quarter  June 30, 2000 and its  Transitional  Report on Form 10-KSB from
the period of inception,  October 6, 1999,  through April 11, 2000 (the "Current
Reports")  which,  except for the  Company's  Form 10-QSB for the quarter  ended
January 31, 2000, Current Reports constitute the only documents that the Company
was required to file with the SEC since October 6, 1999. As of their  respective
filing  dates,  the Current  Reports and all other  filings  made by the Company
under the Act or the  Securities  Exchange  Act of 1934,  as amended  (the "1934
Act")(collectively,  the "SEC Reports"),  complied with the  requirements of the
Act or the 1934 Act, as the case may be, and none of such filings  contained any
untrue  statement  of a  material  fact or omitted  to state any  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.

         2.12. BOOKS AND RECORDS.  The books of account,  ledgers,  order books,
records and  documents  of the Company  accurately  and  completely  reflect all
material  information  relating to the business of the Company, the location and
collection of its assets, and the nature of all transactions  giving rise to the
obligations or accounts receivable of the Company.

<PAGE>

                                   ARTICLE III

                                  MISCELLANEOUS

         3.1. NO WAIVER; CUMULATIVE REMEDIES. No failure or delay on the part of
any party to this Agreement in exercising any right,  power or remedy  hereunder
shall operate as a waiver thereof;  nor shall any single or partial  exercise of
any such right,  power or remedy preclude any other or further  exercise thereof
or the  exercise of any other  right,  power or remedy  hereunder.  The remedies
herein  provided are  cumulative  and not exclusive of any remedies  provided by
law.

         3.2. AMENDMENTS;  WAIVERS AND CONSENTS.  Any provision in the Agreement
to the contrary notwithstanding, and except as hereinafter provided, changes in,
termination  or  amendments of or additions to this  Agreement may be made,  and
compliance  with any  covenant or  provision  set forth herein may be omitted or
waived,  if either Party shall obtain consent  thereto in writing from the other
Party.  Any waiver or consent may be given subject to satisfaction of conditions
stated therein and any waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given.

         3.3. ADDRESSES FOR NOTICES. Any notice or other communication  required
or  permitted to be given  hereunder  shall be in writing and shall be mailed by
certified  mail,  return  receipt  requested,  or delivered  against  receipt to
Company  and/or to Purchaser  at the  addresses  for each set forth  above.  Any
notice or other  communication  given by certified mail shall be deemed given at
the time of  certification  thereof,  except  for a notice  changing  a  party's
address which shall be deemed given at the time of receipt thereof.

         3.4.  COSTS;  EXPENSES AND TAXES.  . The Company  shall pay any and all
stamp,  or other similar taxes payable or determined to be payable in connection
with  the  execution  and  delivery  of  this  Agreement,  the  issuance  of any
securities and the other instruments and documents to be delivered  hereunder or
thereunder,  and agrees to save the Purchaser  harmless from and against any and
all  liabilities  with  respect  to or  resulting  from any  delay in  paying or
omission to pay such taxes.

         5.    EFFECTIVENESS;  BINDING  EFFECT;  ASSIGNMENT.  This  Agreement
shall be binding upon and inure to the benefit of the Company, the Purchaser and
the respective successors and assigns.

         3.6.  SURVIVAL  OF  REPRESENTATIONS   AND  WARRANTIES.   All  represen-
tations and warranties made in the  Transaction  Documents,  the Shares,  or any
other  instrument  or document  delivered in  connection  herewith or therewith,
shall survive the execution and delivery hereof or thereof.

         3.7.  PRIOR AGREEMENTS.  The Transaction  Documents executed and deli-
vered in connection herewith constitute the entire agreement between the parties
with  respect to the subject  matter set forth  herein and  supersede  any prior
understandings or agreements concerning the subject matter hereof.

         3.8.  SEVERABILITY.  The  provisions of the  Transaction  Documents are
severable  and,  in the event  that any court of  competent  jurisdiction  shall
determine  that  any  one or  more of the  provisions  or  part  of a  provision
contained  therein  shall,  for any reason,  be held to be  invalid,  illegal or
unenforceable in any respect,  such invalidity,  illegality or  unenforceability
shall not affect any other provision or part of a provision of such  Transaction
Document and the terms of the Shares shall be reformed and  construed as if such
invalid or illegal or unenforceable provision, or part of a provision, had never
been contained herein,  and such provisions or part reformed so that it would be
valid, legal and enforceable to the maximum extent possible.

         3.9.  GOVERNING  LAW;  VENUE.  (a)This  Agreement  shall  be  enforced,
governed and  construed in  accordance  with the laws of the State of California
without  giving  effect  to  choice  of  laws  principles  or  conflict  of laws
provisions.  Any suit, action or proceeding  pertaining to this Agreement or any
transaction  relating  hereto  shall

<PAGE>

be  brought  to the state  courts  of, or the  federal  courts  in, the State of
California,  and the undersigned hereby irrevocably  consents and submits to the
jurisdiction  of such  courts  for the  purpose  of any such  suit,  action,  or
proceeding.  Purchaser  acknowledges  and agrees that venue  hereunder shall lie
exclusively in Orange County, California.

         (b)  Purchaser  hereby  waives,  and agrees not to assert  against  the
Company,  or any successor assignee thereof,  by way of motion, as a defense, or
otherwise,  in any such  suit,  action or  proceeding,  (i) any  claim  that the
Purchaser  is not  personally  subject to the  jurisdiction  of the  above-named
courts,  and (ii) to the extent permitted by applicable law, any claim that such
suit, action or proceeding is brought in an inconvenient forum or that the venue
of any such suit,  action or proceeding  is improper or that this  Agreement may
not be enforced in or by such courts.

         3.10. HEADINGS.  Article,  section  and  subsection  headings  in  this
Agreement are included  herein for  convenience  of reference only and shall not
constitute a part of this Agreement for any other purpose.

         3.11. COUNTERPARTS.  This  Agreement  may be  executed  in any  number
of  counterparts,  all of which taken together shall constitute one and the same
instrument,  and any of the parties hereto may execute this Agreement by signing
any such counterpart.

         3.12. FURTHER  ASSURANCES.  From and after the date of this Agreement,
upon the request of the Purchaser or the Company,  the Company and the Purchaser
shall execute and deliver such instruments,  documents and other writings as may
be reasonably  necessary or desirable to confirm and carry out and to effectuate
fully the intent and purposes of the Transaction Documents and the Shares.

<PAGE>

         IN WITNESS WHEREOF,  the parties hereto have caused this Stock Purchase
Agreement to be executed as of the date first above written.

                                    ACCESSPOINT CORPORATION

                                    By:   /s/ TOM M. DJOKOVICH
                                          --------------------------------------
                                          Tom M. Djokovich,
                                          Chief Executive Officer

                                    CITIZEN ASIA PACIFIC LIMITED

                                    By:   /s/ MICHAEL H. HORNE
                                          --------------------------------------
                                          Michael H. Horne,
                                          Authorized Signatory

<PAGE>

                            STOCK PURCHASE AGREEMENT

                                  SCHEDULE 2.4
                                   LITIGATION

The Processing Source  International suit is for collection alleging non-payment
of goods and services in the amount of $48,719.00  dollars.  Please see attached
copy of complaint filed in this matter.

<PAGE>

                            STOCK PURCHASE AGREEMENT

                                  SCHEDULE 2.7
                                      TAXES

Here is a list of the owed payroll tax as of September 1, 2000;

Accesspoint     $129,548
Processing Source  $186,614
BlackSun Graphics  $33,202

Total Liability of  $349,364AMENDMENT TO REGULATION S STOCK PURCHASE AGREEMENT

         THIS AMENDMENT,  effective November 1st, 2000, ("this  Amendment"),  is
entered  into by and  between  Accesspoint  Corporation,  a  Nevada  Corporation
("Company"),  and  Citizen  Asia  Pacific  Limited,  a Hong  Kong  company  (the
"Purchaser").

                                 R E C I T A L S

         WHEREAS,  the Company and  Purchaser  desire to amend the  Regulation S
Stock  Purchase  Agreement  dated  November 1st, 2000 ("the  Agreement")  by and
between the Company and the  Purchaser to modify the purchase  terms and further
define the Agreement; and

         WHEREAS, the undersigned parties desire to formalize such amendment;

         NOW, THEREFORE, in consideration of the promises,  mutual covenants and
agreements  contained  herein,  and other good and valuable  consideration,  the
receipt and  sufficiency of which are hereby  acknowledged,  the parties to this
Amendment agree as follows:

         The  Agreement is hereby  amended to include the  following  additional
provisions which read as follows:
                           PURCHASE, SALE AND TERMS OF SHARES

         1.1. THE SHARES.  The Company agrees to issue and sell to the Purchaser
and,  in  consideration  of and in express  reliance  upon the  representations,
warranties,  covenants,  terms and conditions of this  Agreement,  the Purchaser
agrees to purchase from the Company up to 1,600,000 shares (the "Shares") of the
Company's  Common Stock at a per share purchase price which shall be 40% of, (a)
the closing,  or, (b) last trade,  price as defined below (the "Purchase Price")
of the Company's shares of Common Stock as quoted on the OTC Bulletin Board (the
"OTCBB") (or on such other United States stock exchange or public trading market
on which the shares of the Company  trade if, at the time of purchase,  they are
not trading on the OTCBB)on  the date (the "Call Date") the purchase  order (the
"Purchase Notice") is received by Accesspoint as further described herein.

                  (a)  CLOSING   PURCHASE  PRICE.   Subject  to  the  terms  and
conditions set forth herein, a Purchase Notice received by Accesspoint  after 11
a.m. but prior to 6:00 a.m.  PST (Los Angeles  time) of the next day shall share
the same Call Date as if the  Purchase  Notice was received at 11:00 a.m. PST of
the first date. The Purchase Price for such Purchase  Notice shall be 40% of the
closing price of the Call Date.

                  (b) LAST  TRADE  PURCHASE  PRICE.  Subject  to the  terms  and
conditions set forth herein,  a Purchase  Notice  received by Accesspoint  after
6:00 a.m. but prior to 11:00 a.m. PST (Los Angeles  time) shall have a Call Date
of the date in which it was  received.  The  Purchase  Price  for such  Purchase
Notice  shall be 40% of the last trade price as quoted at 10:00 a.m. PST so long
as the last trade price is not more then 10% less then the closing price of that
same day. In the event of such occurrence the Purchase Price shall be 40% of the
closing price of that day.

                  (c) All Purchase  Notices must be received by  Accesspoint in
the form of signed  instructions  prior to June 30,  2001 as outlined in Section
1.3 below.  For the purpose of  delivery  the  Purchaser  may deliver a Purchase
Notice to  Accesspoint  via  facsimile  at (949)  852-8527  subject to the above
conditions.  For the purpose of determining the Purchase Price the parties shall
use the closing and last trade price as quoted on the Yahoo Financial web site.

                  (d) The  Purchaser  understands  and agrees that the  Company,
subject to receipt of the Purchase Price by Accesspoint in immediately available
funds to the satisfaction of Accesspoint within eight (8) business days from the
Call Date, may in its sole discretion reserve the right to accept or reject each
Purchase Notice and this subscription for the Shares, in whole or in part or any
applicable portion thereof.

                  (c) The Purchaser hereby acknowledges that Accesspoint may, in
its sole discretion,  provide  Purchaser with notice to terminate this Agreement
upon  written two (2) day notice to  Purchaser.  Such notice may be delivered to
Purchaser via facsimile. Thereafter Accesspoint shall not be under any burden to
accept any Purchase Notice.

                  (d) The  Purchaser  hereby agrees to issue an amount of Twenty
($20.00)  dollars  (U.S.)  for each  certificate  in  excess of one (1) for each
Purchase Notice which may contain more then one certificate  order.  This amount
will be added to the principal sum of each Purchase Price amount.

IN WITNESS  WHEREOF,  this  Amendment  is  effective on the date first set forth
above.  All  provisions  of this  Amendment  are  hereby  incorporated  into the
Agreement.  This  Amendment is to be attached to the Agreement and become a part
of the Agreement.  This Amendment and the Agreement  shall be read together as a
single document.  The provisions  contained in this Amendment shall supplant and
replace any  conflicting  provisions in the  Agreement.  The  provisions in this
Amendment  shall control over any conflicting  provisions in the Agreement.  All
non-conflicting  provisions  contained  in  the  Agreement  shall  survive  this
Amendment and remain in full force and effect when read in conjunction with this
Amendment.  This  Amendment  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.

                              COMPANY

                              Accesspoint Corporation,
                              a Nevada Corporation

                              By:      /s/ TOM M. DJOKOVICH
                                       --------------------------------------
                                       Tom M. Djokovich,
                                       Chief Executive Officer

                              PURCHASER
                              Citizen Asia Pacific Limited

                              By:      /s/ MICHAEL H. HORNE
                                       --------------------------------------
                                       Michael H. Horne,
                                       Authorized Signatory

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}]]