PLAN AND AGREEMENT OF REORGANIZATION
THIS PLAN AND AGREEMENT OF REORGANIZATION (hereinafter referred to as the "Agreement") is
entered into as of this 13th day of June, by and between INETEVENTS, INC. (hereinafter referred to as
"INET"), SUMMIT WORLD VENTURES, INC. (hereinafter referred to as "SUMMIT") and the undersigned
shareholders of INET, (hereinafter referred to as "Shareholder").
WHEREAS, INETEVENTS, INC. is a Nevada corporation with authorized capital stock of 25,000,000 shares
of $0.001 par value Common Stock and 10,000,000 shares of Serial Preferred Stock, of which 3,247,142.857
shares of Common Stock were issued and outstanding as of May 30, 2000 (hereinafter "INET Shares") As of
the Closing Date (as defined in Article VII hereof), there will be 3,500,000 INET Shares issued and outstanding.;
WHEREAS, SUMMIT is a Delaware corporation with authorized capital stock of 100,000,000 shares of
$0.001 par value Common Stock, of which 3,000,000 shares were issued and outstanding as of May 30, 2000.
WHEREAS, SUMMIT desires to purchase from Shareholder all of the issued and outstanding shares of INET
owned by Shareholder in exchange, solely for SUMMIT shares of common stock ("Stock"); and
WHEREAS, it is the intention of Shareholder to exchange the INET Shares held by it for Stock of SUMMIT, on
the terms and conditions set forth herein; and
WHEREAS, it is the intention of SUMMIT, INET and Shareholder that the transactions contemplated hereby
constitute a tax-free "reorganization" as defined in the Internal Revenue Code of 1986, as amended, and that all
the terms and provisions of this Agreement be interpreted, construed and enforced to effectuate this intent.
NOW THEREFORE in consideration of the foregoing and the mutual covenants, promises, representations and
warranties contained herein, the parties hereto agree as follows:
1.1 Exchange of Stock of INET. At the Closing Date in accordance with the provisions of this Agreement and