SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


       Date of Report (date of earliest event reported): October 25, 2002



                            FORESTINDUSTRY.COM, INC.
             (Exact name of Registrant as specified in its charter)



           Delaware                    0-26673                  98-0207081
           --------                    -------                  ----------
(State or other jurisdiction     (Commission File No.)         (IRS Employer
        of incorporation)                                    Identification No.)


                          Suite 10 - 2480 Kenworth Road
                            Nanaimo, British Columbia
                                 Canada V9T 3Y3
          (Address of principal executive offices, including Zip Code)


       Registrant's telephone number, including area code: (250) 758-0665

                          Suite 11 - 2480 Kenworth Road
                            Nanaimo, British Columbia
                                 Canada V9T 3Y3
          (Former name or former address if changed since last report)






<PAGE>



Item 1.  Changes in Control of Registrant

     As a result of the completion of the Share Exchange Agreement  discussed in
Item 2 of this Form 8-K, Mr. Ford W. Sinclair and his spouse Ms. Nicole Sinclair
will own  collectively  2,375,000  shares of common stock of  forestindustry.com
representing approximately 41% of the outstanding shares.

Item 2.  Acquisition or Disposition of Assets

     On  October  25,  2002  forestindustry.com  completed  the  acquisition  of
GolfLogix  Systems of Canada pursuant to a Share Exchange  Agreement.  Under the
terms of the Share Exchange  Agreement,  forestindustry.com  acquired all of the
outstanding  shares of  GolfLogix  Systems in exchange for  2,500,000  shares of
common stock.  As a result of the  completion of the Share  Exchange  Agreement,
GolfLogix   Systems   of   Canada   is  now  a  wholly   owned   subsidiary   of
forestindustry.com.

     GolfLogix Systems Canada is a distributor of golfing merchandise and has an
option to purchase an exclusive  licensing  right to market and  distribute  the
GolfLogix System in Canada, Oregon, Washington,  Idaho, Mexico, Central America,
Caribbean and Bermuda,  Australia,  Tasmania,  New Zealand,  and Fiji. Under the
terms of the  Share  Exchange  Agreement,  forestindustry.com  has an  option to
repurchase  a portion of the  2,500,000  shares at a nominal  price if GolfLogix
Systems  Canada fails to obtain the right to market and distribute the GolfLogix
System in a specific area.

     Further,  as part of Share  Exchange  Agreement,  Mr. Ford W.  Sinclair was
appointed to the forestindustry.com Board of Directors.

Item 7.  Financial Statements.

          (a) The  financial  statements  for GolfLogix  Systems  Canada will be
filed within 60 days of the due date of this report.

          (c) Exhibits

          10.6 Share Exchange Agreement




<PAGE>


                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
Undersigned hereunto duly authorized.

Date:   October 29, 2002                             FORESTINDUSTRY.COM, INC.

                                                     By: /S/ JOE PERRATON
                                                        ------------------------
                                                        Joe Perraton, President


<PAGE>




                            SHARE EXCHANGE AGREEMENT


     This Share Exchange  Agreement (the "Agreement") dated October 15, 2002, is
made   by  and   among   forestindustry.com,   Inc.   a   Delaware   corporation
("forestindustry"),  having its  principal  offices at 11-2480  Kenworth,  Road,
Nanaimo,  British Columbia,  Canada, GolfLogix System of Canada, Inc., a British
Columbia  corporation  ("GolfLogix") having its principal office located at 8893
Brooke Road, Delta, British Columbia; and the all of shareholders of GolfLogix.

                                    RECITALS:

     A.  forestindustry  desires  to acquire  all of the issued and  outstanding
capital stock of GolfLogix and all of the  shareholders  of GolfLogix  desire to
exchange  all  of  their  shares  of  GolfLogix  for  shares  of  forestindustry
authorized but unissued common stock as hereinafter provided.

     B. It is the intention of the parties hereto that: (i) forestindustry shall
acquire all of the issued and outstanding common shares of GolfLogix in exchange
solely for the number of shares of forestindustry authorized but unissued shares
of common  stock,  par value  $0.0001  ("Common  Stock"),  set forth  below (the
"Exchange");  and (ii) the Exchange shall qualify as a transaction in securities
exempt from  registration or qualification  under the Securities Act of 1933, as
amended, and under the applicable  securities laws of each state or jurisdiction
where  the  shareholders  of  GolfLogix  reside,   with  GolfLogix   becoming  a
wholly-owned subsidiary of forestindustry. The combined entity would then change
its name to Global Golf Enterprises, Inc.

     C. The  board of  directors  of  forestindustry  deems it to be in the best
interest of forestindustry and its shareholders to acquire all of the issued and
outstanding capital stock of GolfLogix.

     D. The directors and  shareholders  of GolfLogix  deem it to be in the best
interest of the GolfLogix  shareholders  to exchange all of the capital stock of
GolfLogix for shares of common stock of forestindustry, as hereinafter provided.

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

SECTION 1.  EXCHANGE OF SHARES

     1.1  Exchange of Shares.  forestindustry,  GolfLogix  and the  shareholders
GolfLogix who intend to exchange their shares ("Exchanging Shareholders") hereby
agree  that  the  Exchanging   Shareholders  shall,  on  the  Closing  Date  (as
hereinafter  defined),  exchange 100 shares of Class A Voting  common shares and
10,000  shares  of Class B  Non-voting  common  shares  of  GolfLogix  for up to
2,500,000  restricted  shares  of Common  Stock of  forestindustry,  subject  to
repurchase  as discussed  below.  The 100 shares of Class A Voting common shares
and 10,000 shares of Class B Non-voting common shares of GolfLogix represent all
of the issued and outstanding  capital stock of GolfLogix.  The GolfLogix common
shares  owned by each  shareholder  and the number of shares of Common  Stock of
forestindustry  which each will receive in the Exchange are set forth in Exhibit
A hereto.

     1.2 Delivery of Shares.  On the Closing Date, the  Exchanging  Shareholders
will  deliver  to  forestindustry  the  certificates  representing  all  of  the
outstanding  common shares of GolfLogix,  duly endorsed (or with executed  stock

<PAGE>

powers) so as to make  forestindustry  the sole owner thereof.  Upon delivery of
the  GolfLogix   common  shares,   forestindustry   will  deliver   certificates
representing  2,500,000  restricted  shares  of common  stock of  forestindustry
making the Exchanging Shareholders the majority shareholders of forestindustry.

SECTION 2. REPRESENTATIONS   AND   WARRANTIES   OF   GOLFLOGIX   AND  EXCHANGING
SHAREHOLDERS

     GolfLogix, and the Exchanging Shareholders to the extent applicable,  as of
the date of this Agreement and of the Closing Date, hereby represent and warrant
as follows.

     2.1  Organization  and  Good  Standing.  GolfLogix  is a  corporation  duly
organized,  validly existing and in good standing under the laws of the province
of British Columbia. GolfLogix has the corporate power and authority to carry on
its  business as presently  conducted.  GolfLogix is qualified to do business in
all  jurisdictions  except  where the  failure to be so  qualified  would have a
material adverse effect on its business.

     2.2  Corporate  Authority.   GolfLogix  has  the  power  to  operate  as  a
corporation  and  to  perform  the  transaction  hereunder.  The  execution  and
performance  of this  Agreement,  will not  constitute a material  breach of any
agreement, indenture, mortgage, license or other instrument or document to which
GolfLogix is a party and will not violate any  judgment,  decree,  order,  writ,
rule,  statute,  or regulation  applicable to GolfLogix or its  properties.  The
execution and  performance  of this  Agreement will not violate or conflict with
any provision of the Articles of Incorporation or the Bylaws of GolfLogix.

     2.3 Ownership of Shares. The Exchanging Shareholders described on Exhibit A
are the owners of record and  beneficially  of all of the issued and outstanding
common shares of GolfLogix.  Each Exchanging Shareholder represents and warrants
that he or she owns such shares free and clear of all rights,  claims, liens and
encumbrances,  and the shares have not been sold, pledged, assigned or otherwise
transferred except pursuant to this Agreement.

     2.4  Access  to  Corporate  Information;  Independent  Investigation.  Each
Exchanging  Shareholder  acknowledges  that  they,  in making  the  decision  to
exchange   the   GolfLogix   common   shares  for  Shares  of  common  stock  of
forestindustry,  will rely upon independent investigations made by them or their
representatives,  if any, and they will have,  prior to the Closing  Date,  been
given  access to and the  opportunity  to examine  all  material  contracts  and
documents  relating to this offering and an opportunity to ask questions of, and
to receive  information from,  forestindustry or any person acting on its behalf
concerning the terms and conditions of this Agreement.

     2.5  Risks.   Each   Exchanging   Shareholder   executing   this  Agreement
acknowledges and understands that the exchange for the shares of  forestindustry
involves a high  degree of risk and is  suitable  only for  persons of  adequate
financial  means who have no need for  liquidity in this  investment in that (i)
the  Exchanging  Shareholder  may not be able to liquidate the investment in the
event of an emergency;  (ii)  transferability is extremely limited; and (iii) in
the event of a disposition,  the Exchanging Shareholder could sustain a complete
loss of its  entire  investment.  The  Exchanging  Shareholder  is  sufficiently
experienced  in financial and business  matters to be capable of evaluating  the
merits and risks of an investment in  forestindustry;  has evaluated such merits
and risks, including risks particular to the Exchanging Shareholder's situation;
and the Exchanging  Shareholder  has determined that this investment is suitable
for  the  Exchanging  Shareholder.   The  Exchanging  Shareholder  has  adequate
financial resources and can bear a complete loss of the Exchanging Shareholder's
investment.

     2.6 Investment Intent.  Each Exchanging  Shareholder hereby represents that
the shares of forestindustry are being acquired for the Exchanging Shareholder's
own account with no intention of  distributing  such  securities to others.  The

<PAGE>

Exchanging  Shareholder has no contract,  undertaking,  agreement or arrangement
with any person to sell,  transfer or otherwise  distribute  to any person or to
have  any  person  sell,   transfer  or  otherwise   distribute  the  shares  of
forestindustry  for the Exchanging  Shareholder.  The Exchanging  Shareholder is
presently not engaged, nor does the Exchanging Shareholder plan to engage within
the presently  foreseeable  future,  in any discussion with any person regarding
such a sale,  transfer or other  distribution of the shares of forestindustry or
any interest therein.

     2.7  Compliance  with Federal and State  Securities  Laws.  The  Exchanging
Shareholder  understands that the shares of common stock of forestindustry  have
not been  registered  under  the  Securities  Act.  The  Exchanging  Shareholder
understands  that the  shares of  common  stock of  forestindustry  must be held
indefinitely   unless  the  sale  or  other  transfer  thereof  is  subsequently
registered  under the Securities Act or an exemption from such  registration  is
available.  Moreover, the Exchanging  Shareholder  understands that its right to
transfer the shares of common stock of forestindustry will be subject to certain
restrictions,  which include  restrictions against transfer under the Securities
Act and applicable state securities laws. In addition to such restrictions,  the
Exchanging  Shareholder  realizes  that it may not be able to sell or dispose of
the shares of common stock of  forestindustry as there may be no public or other
market  for them.  The  Exchanging  Shareholder  understands  that  certificates
evidencing the Shares shall bear a legend substantially as follows:

          THE  SECURITIES   REPRESENTED  BY  THIS   CERTIFICATE  HAVE  NOT  BEEN
          REGISTERED   UNDER  THE  SECURITIES  ACT  OF  1933,  AS  AMENDED  (THE
          "SECURITIES  ACT"),  OR ANY  APPLICABLE  STATE  LAW.  THEY  MAY NOT BE
          OFFERED FOR SALE, SOLD, TRANSFERRED OR PLEDGED UNLESS REGISTERED UNDER
          THE  SECURITIES  ACT AND ANY  APPLICABLE  STATE LAW OR  PURSUANT TO AN
          EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS

     2.8 Approvals.  GolfLogix represents no approval,  authorization,  consent,
order or other action of, or filing with, any person, firm or corporation or any
court,  administrative  agency or other  governmental  authority  is required in
connection  with the execution and delivery of this  Agreement by it and for the
consummation of the transactions described herein.

     2.9 Not a U.S. Person. The Exchanging  Shareholders represent that they are
not a U.S. Person within the meaning of Regulation S of the Securities Act.

     2.10 Financial Statements, Books and Records. GolfLogix represents that the
attached as Exhibit 2.10 are its financial  statements  (balance  sheet,  income
statement)  as of  October  31,  2001 (the  "Financial  Statements").  GolfLogix
represents  that its books of account  and other  financial  records  are in all
material  respects  complete and correct and are  maintained in accordance  with
good business and accounting practices. GolfLogix acknowledges that a minimum of
two (2) years of audited financial information will be required to be filed with
the  Securities  and Exchange  Commission  within 60 days of the Closing date of
this Agreement.

     2.11 No Material  Adverse Changes.  GolfLogix  represents since October 31,
2001 there has not been.

          (i) any material adverse change in the financial position of GolfLogix
except changes  arising in the ordinary  course of business,  which changes will
in no event materially and adversely affect the financial position of GolfLogix;

          (ii) any damage,  destruction or loss materially affecting the assets,
prospective  business,  operations  or  condition  (financial  or  otherwise) of
GolfLogix whether or not covered by insurance;
<PAGE>

          (iii) any  declaration,  setting  aside or payment of any  dividend or
distribution with respect to any redemption or  repurchase  of GolfLogix  common
shares;

          (iv)  any sale of an  asset  (other  than in the  ordinary  course  of
business) or any mortgage or pledge by GolfLogix of any properties or assets; or

          (v) adoption of any pension, profit sharing,  retirement, stock bonus,
stock option or similar plan or arrangement.

     2.12 Taxes.  GolfLogix  has filed all  material  tax,  governmental  and/or
related  forms and reports (or  extensions  thereof) due or required to be filed
and has paid or made adequate  provisions for all taxes or assessments which had
become  due as of  the  Closing  Date,  and  there  are  no  deficiency  notices
outstanding.  No extensions of time for the assessment of  deficiencies  for any
year is in effect.  No  deficiency  notice is proposed  or, to the  knowledge of
GolfLogix  after  reasonable  inquiry,  threatened  against  GolfLogix.  The tax
returns of GolfLogix have never been audited.

     2.13  Compliance  with  Laws.  GolfLogix  has  complied  with all  federal,
provincial  and  local  laws,  ordinances,  regulations,   inspections,  orders,
judgments,  injunctions,  awards or  decrees  applicable  to it or its  business
which, if not complied with,  would materially and adversely affect the business
of GolfLogix.

     2.14 No Breach.  GolfLogix  represents  that the  execution,  delivery  and
performance  of  this  Agreement  and  the   consummation  of  the  transactions
contemplated hereby will not:

          (i) violate any order,  judgment,  injunction,  award or decree of any
court,  arbitrator or governmental  or regulatory body against, or binding upon,
GolfLogix or upon the properties or business of GolfLogix, or

          (ii)  violate  any  statute,  law or  regulation  of any  jurisdiction
applicable to the transactions contemplated herein which  could have a material,
adverse effect on the business or operations of GolfLogix.

     2.15  Actions and  Proceedings.  GolfLogix  is not a party to any  material
pending litigation or any governmental investigation or proceeding not reflected
in the GolfLogix's financial statements and, to its best knowledge,  no material
litigation,  claims, assessments or non-governmental  proceedings are threatened
against GolfLogix.

     2.16  Agreements.  Schedule  2.16  sets  forth  any  material  contract  or
arrangement  to which  GolfLogix  is a party or by or to which it or its assets,
properties or business are bound or subject, whether written or oral.

     2.17  Tangible  Assets.  GolfLogix  has  full  title  and  interest  in all
machinery,  equipment,  furniture,  leasehold improvements,  fixtures, projects,
owned or leased by GolfLogix,  any related  capitalized  items or other tangible
property  material  to  the  business  of  GolfLogix  (the  "Tangible  Assets").
GolfLogix holds all rights,  title and interest in all the Tangible Assets owned
by it in  the  financial  statements  or  acquired  by it  after  the  financial
statements free and clear of all liens, pledges, mortgages,  security interests,
conditional  sales  contracts  or any other  encumbrances.  All of the  Tangible
Assets are in good operating condition and repair and are usable in the ordinary
course of business of GolfLogix and conform to all applicable  laws,  ordinances
and government orders,  rules and regulations relating to their construction and
operation,  except as set forth on Schedule  2.17  hereto.  GolfLogix  has clear
title to all of its fictional  business  names,  trading  names,  registered and
unregistered  trademarks,  service  marks and  applications  (collectively,  the
"Marks") and Marks are included as Tangible Assets.
<PAGE>

     2.18  Liabilities.  GolfLogix did not have any material  direct or indirect
indebtedness,   liability,  claim,  loss,  damage,  deficiency,   obligation  or
responsibility,  known or unknown, fixed or unfixed, liquidated or unliquidated,
secured or unsecured, accrued or absolute,  contingent or otherwise,  including,
without  limitation,  any liability on account of taxes, any governmental charge
or lawsuit  (all of the  foregoing  collectively  defined to as  "Liabilities"),
which  are  not  fully,  fairly  and  adequately   reflected  on  the  Financial
Statements,  except  for a  specific  Liabilities  set  forth on  Schedule  2.17
attached  hereto  and  made a part  hereof.  As of the  date  of  Closing  Date,
GolfLogix  will not have any  Liabilities,  other  than  Liabilities  fully  and
adequately reflected on the Financial Statements except for Liabilities incurred
in the ordinary  course of business and as set forth in Schedule  2.17, and will
not exceed  $1,000 on the date of Closing.  To the best  knowledge of GolfLogix,
there is no circumstance,  condition,  event or arrangement  which may hereafter
give rise to any Liabilities not in the ordinary course of business.

     2.19  Operations  of  GolfLogix.  From the  date of the  October  31,  2001
Financial  Statements through the Closing Date,  GolfLogix has not and will not,
outside of the ordinary course of business, have:

          (i)  incurred  any  indebtedness  or  borrowed  money,  except  for an
additional Cdn$35,000 loan and an increase in inventory assets of Cdn$60,000;

          (ii)   declared  or  paid  any   dividend  or  declared  or  made  any
distribution  of  any  kind  to  any shareholder, or made any direct or indirect
redemption,  retirement,  purchase or other acquisition of any interests in  its
capital structure;

          (iii) made any loan or advance to any shareholder,  officer, director,
employee,  consultant, agent or other representative or made any other loan   or
advance;

          (iv) disposed of any material  assets of GolfLogix not in the ordinary
course of business;

          (v)  materially  increased  the annual  level of  compensation  of any
executive employee of GolfLogix;

          (vi) increased, terminated, amended or otherwise modified any plan for
the benefit of employees of GolfLogix;  (vii) issued any equity  securities   or
rights to acquire such equity securities; or

          (viii) entered into or modified any contract, agreement or transaction
not in the ordinary course of business.

     2.20  Capitalization.  The  authorized  capital of  GolfLogix  consists  of
1,000,000  Class A Voting Common  Shares  w.p.v.;  1,000,000  Class B Non-Voting
Common  Shares  w.p.v.;  1,000,000  Class C  Non-Voting  Common  Shares  w.p.v.;
1,000,000 Class D Non-Voting Common Shares w.p.v.;  1,000,000 Class E Non-Voting
Preferred  Shares p.v..01 ea.;  1,000,000  Class F Non-Voting  Preferred  Shares
p.v..01 ea.; and 1,000,000 Class G Non-Voting  Preferred  Shares p.v..01 ea.; of
which 100 shares of Class A Voting  Common  Shares and 10,000  shares of Class B
Non-Voting Common Shares are outstanding.  GolfLogix 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 GolfLogix. GolfLogix has no subsidiaries.

     2.21 Full Disclosure.  No  representation  or warranty by GolfLogix and the
Exchanging  Shareholders  in this Agreement or in any document or schedule to be

<PAGE>

delivered by them pursuant  hereto,  and no written  statement,  certificate  or
instrument  furnished  or to be furnished  by  GolfLogix  pursuant  hereto or in
connection  with the  negotiation,  execution or  performance  of this Agreement
contains or will  contain any untrue  statement  of a material  fact or omits or
will omit to state any fact  necessary to make any  statement  herein or therein
not materially misleading or necessary to a complete and correct presentation of
all  material  aspects of the  business  of  GolfLogix  and/or the status of the
GolfLogix common shares.

SECTION 3.  REPRESENTATIONS AND WARRANTIES OF FORESTINDUSTRY

     forestindustry  hereby  represents  and  warrants  as of the  date  of this
Agreement and as of the Closing Date as follow.:

     3.1  Organization and Good Standing.  forestindustry  is a corporation duly
organized,  validly existing and in good standing under the laws of the State of
Delaware. It has the corporate power to own its own property and to carry on its
business  as now being  conducted  and is duly  qualified  to do business in any
jurisdiction where so required except where the failure to so qualify would have
no material adverse effect on its business.

     3.2 Corporate  Authority.  forestindustry  has the corporate power to enter
into this Agreement and to perform its obligations hereunder.  The execution and
delivery of this Agreement and the consummation of the transactions contemplated
hereby has been,  or will be prior to the Closing Date,  duly  authorized by the
Board of Directors of  forestindustry.  The  execution and  performance  of this
Agreement  will not constitute a material  breach of any  agreement,  indenture,
mortgage,  license or other instrument or document to which  forestindustry is a
party and will not violate any judgment,  decree, order, writ, rule, statute, or
regulation  applicable to  forestindustry  or its properties.  The execution and
performance of this Agreement will not violate or conflict with any provision of
the Certificate of Incorporation or By-laws of forestindustry.

     3.3 The forestindustry Shares. At the Closing, the forestindustry shares of
common stock to be issued and delivered to the Exchanging Shareholders hereunder
will when so issued and delivered in accordance with the terms of this Agreement
and  Certificate  of  Incorporation,   as  amended,  and  currently  in  effect,
constitute valid and legally issued shares of forestindustry  Common Stock fully
paid  and  nonassessable   and  free  and  clear  of  all  pledges,   liens  and
encumbrances.  The  forestindustry  shares of common  stock are not  subject  to
preemptive or other rights of any stockholders of  forestindustry.  The issuance
of the  forestindustry  shares of common  stock  hereunder  will not trigger any
outstanding anti-dilution rights.

     3.4  Financial  Statement:   Books  and  Records.   forestindustry  audited
consolidated  financial  statements  as of May 31,  2002,  contained in the Form
10-KSB,  and  unaudited  consolidated  financial  statements  for the  quarterly
periods ended August 31, 2002,  including the notes  contained  therein,  fairly
present the consolidated  financial position of forestindustry at the respective
dates  thereof and the results of its  consolidated  operations  for the periods
purported to be covered thereby. Such financial statements have been prepared in
conformity with generally accepted accounting  principles  consistently  applied
with prior  periods  subject to any comments and notes  contained  therein.  All
liabilities, contingent and other, of forestindustry and its subsidiary, are set
forth in the  financial  statements  as of May 31,  2002  contained  in the Form
10-KSB,  and respective  Form 10-QSB for the quarterly  periods ended August 31,
2002,  excepting only  liabilities  incurred in the ordinary  course of business
subsequent  to August 31, 2002 and  liabilities  of the type not required  under
generally  accepted  accounting  principles  to be reflected  in such  financial
statements.  Since August 31, 2002, there has been no material adverse change in
the financial condition of forestindustry from the financial condition stated in

<PAGE>

such financial  statements.  The books of account and other financial records of
forestindustry are in all respects complete and correct in all material respects
and are maintained in accordance with good business and accounting practices.

     3.5 No Material Adverse Changes.

     Except as described on Schedule 3.5,  since August 31, 2002,  there has not
been:

     (i)  any   material   adverse   changes  in  the   financial   position  of
forestindustry except changes arising in the ordinary course of business,  which
changes will in no event materially and adversely affect the financial  position
of forestindustry.

     (ii) any  damage,  destruction  or loss  materially  affecting  the assets,
prospective  business,  operations  or condition  (financial  or  otherwise)  of
forestindustry whether or not covered by insurance;

     (iii)  any  declaration  setting  aside  or  payment  of  any  dividend  or
distribution  with respect to any  redemption or  repurchase  of  forestindustry
capital stock, other than as agreed upon among the parties;

     (iv) any sale of an asset (other than as  described  in (iii) above,  or in
the ordinary course of business) or any mortgage pledge by forestindustry of any
properties or assets;

     (v) adoption or  modification of any pension,  profit sharing,  retirement,
stock bonus, stock option or similar plan or arrangement;

     (vi) except in the  ordinary  course of  business,  incurred or assumed any
indebtedness or liability, whether or not currently due and payable;

     (vii) any loan or advance to any shareholder,  officer, director, employee,
consultant,  agent or other  representative  or made any other  loan or  advance
otherwise than in the ordinary course of business;

     (viii) any  material  increase in the annual level of  compensation  of any
executive employee of forestindustry;

     (ix) except in the ordinary  course of  business,  entered into or modified
any contract, agreement or transaction; or

     (x) issued any equity  securities,  except for the  issuance  of  1,650,000
shares of common stock pursuant to a public offering.

     3.6 Taxes.  forestindustry has filed all tax,  governmental  and/or related
forms and reports (or extensions thereof) due or required to be filed.

     3.7  Compliance  with Laws.  forestindustry  has complied with all federal,
state, provincial, county and local laws, ordinances, regulations,  inspections,
orders,  judgments,  injunctions,  awards  or  decrees  applicable  to it or its
business, which, if not complied with, would materially and adversely affect the
business of forestindustry.

     3.8 Actions and Proceedings.  forestindustry is not a party to any material
pending  litigation  or, to its  knowledge,  any  governmental  proceedings  are
threatened against forestindustry.

     3.9 Capitalization.  As of the Closing Date,  forestindustry has 35,000,000
shares of stock:  30,000,000  shares of common  stock,  $0.0001  par value,  and
5,000,000 shares of preferred,  $0.0001 par value, of which 1,621,058 common and
zero preferred are outstanding as of August 31, 2002.
<PAGE>

     3.10 No Breach.  The execution,  delivery and performance of this Agreement
and the consummation of the transactions contemplated hereby will not:

     (i) violate any provision of the Certificate of Incorporation or By-Laws of
forestindustyr;

     (ii) violate,  conflict with or result in the breach of any of the material
terms  of,  result  in a  material  modification  of,  otherwise  give any other
contracting party the right to terminate, or constitute (or with notice or lapse
of time or both  constitute) a default under, any contract or other agreement to
which  forestindustry  is a party or by or to which it or any of its  assets  or
properties may be bound or subject;

     (iii)  violate  any  order,  judgment,  injunction,  award or decree of any
court,  arbitrator or governmental or regulatory body against,  or binding upon,
forestindustry or upon the securities, properties or business to forestindustry;
or

     (iv) violate any statute, law or regulation of any jurisdiction  applicable
to the transactions  contemplated  herein, which violation could have a material
adverse effect on the business or operations of forestindustry.

     3.11 Corporate  Authority.  forestindusty  has the corporate power to enter
into this Agreement and to perform its  respective  obligations  hereunder.  The
execution and delivery of this Agreement and the consummation of the transaction
contemplated  hereby  have been duly  authorized  by the Board of  Directors  of
forestindustry.  The  execution  and  performance  of this  Agreement  will  not
constitute a material breach of any agreement,  indenture,  mortgage, license or
other  instrument  or document to which  forestindustry  is a party and will not
violate  any  judgment,  decree,  order,  writ,  rule,  statute,  or  regulation
applicable to forestindustry or its properties.

     3.12 Full Disclosure.  No  representation  or warranty by forestindustry in
this  Agreement or in any document or schedule to be delivered by them  pursuant
hereto, and no written statement,  certificate or instrument  furnished or to be
furnished  by   forestindustry   pursuant  hereto  or  in  connection  with  the
negotiation, execution or performance of this Agreement contains or will contain
any untrue  statement of a material fact or omits or will omit to state any fact
necessary to make any statement  herein or therein not materially  misleading or
necessary to complete and correct  presentation  of all material  aspects of the
business of forestindustry.

     3.13  No  Claims  Outstanding.  forestindustry  represents  that  it is not
subject to any claims, litigation, or other charges against its assets except as
disclosed in the Financial Statements.  Furthermore, there have been no material
changes in forestindustry's  position, and forestindustry has conducted no other
business, since August 31, 2002 except has disclosed with the SEC.

     3.14  Tangible  Assets.  forestindusty  has full title and  interest in all
machinery,  equipment,  furniture,  leasehold improvements,  fixtures, projects,
owned or  leased  by  forestindustry,  any  related  capitalized  items or other
tangible  property  material to the business of  forestindustry  (the  "Tangible
Assets").  Other than as set forth in Schedule  3.14,  forestindustry  holds all
rights,  title  and  interest  in all the  Tangible  Assets  owned  by it on its
financial  statements  for the quarter  ended  August 31, 2002 or acquired by it
after the date on it financial statements free and clear of all liens,  pledges,
mortgages,  security  interests,   conditional  sales  contracts  or  any  other
encumbrances. All Tangible Assets are in good operating condition and repair and
are usable in the ordinary course of business of  forestindustry  and conform to
all applicable  laws,  ordinances and government  orders,  rules and regulations
relating to their  construction  and operation,  except as set forth on Schedule
3.14  hereto.  forestindustry  has clear title to all of its Marks and the Marks
are included as Tangible Assets.
<PAGE>

     3.15  Liabilities.  forestindustry  did not have  any  material  direct  or
indirect indebtedness, liability, claim, loss, damage, deficiency, obligation or
responsibility,  known or unknown, fixed or unfixed, liquidated or unliquidated,
secured or unsecured, accrued or absolute,  contingent or otherwise,  including,
without  limitation,  any liability on account of taxes, any governmental charge
or lawsuit  (all of the  foregoing  collectively  defined to as  "Liabilities"),
which are not fully,  fairly and  adequately  reflected in its periodic  reports
(annual and interim),  except for a specific  Liabilities  set forth on Schedule
3.15  attached  hereto  and  made  a  part  hereof.  As  of  the  Closing  Date,
forestindustry  will not have any Liabilities,  other than Liabilities fully and
adequately  reflected in its periodic reports except for Liabilities incurred in
the ordinary course of business. To the best knowledge of forestindustry,  there
is no  circumstance,  condition,  event or arrangement  which may hereafter give
rise to any Liabilities not in the ordinary course of business.

SECTION 4.  CONDITIONS PRECEDENT

     4.1 Conditions Precedent to the Obligation of GolfLogix  Shareholders.  All
obligations of the Exchanging  Shareholders  under this Agreement are subject to
the fulfillment, prior to or as of the Closing Date, as indicated below, of each
of the following conditions:

     (a) The representations and warranties by or on behalf of GolfLogix and the
Exchanging  Shareholders  contained in this  Agreement or in any  certificate or
document  delivered  pursuant  to the  provisions  hereof  shall  be true in all
material respects at and as of Closing Date as though such  representations  and
warranties were made at and as of such time.

     (b) GolfLogix  shall have performed and complied in all material  respects,
with all  covenants,  agreements,  and  conditions  set forth in, and shall have
executed and delivered all documents  required by this Agreement to be performed
or complied with or executed and delivered by them prior to or at the Closing.

     (c) On or before the Closing, the Board of Directors of forestindusty shall
have  approved,  in  accordance  with Delaware law the  execution,  delivery and
performance  of  this  Agreement  and  the   consummation   of  the  transaction
contemplated  herein and  authorized  all of the  necessary and proper action to
enable forestindustry to comply with the terms of the Agreement.

     (d)  forestindustry  shall have sufficient shares of forestindustry  Common
Stock authorized but unissued to complete the Exchange.

     4.2  Conditions  Precedent  to  the  Obligations  of  forestindustry.   All
obligations  of   forestindustry   under  this  Agreement  are  subject  to  the
fulfillment, prior to or at Closing, of each of the following conditions:

     (a) The  representations  and  warranties by GolfLogix  and the  Exchanging
Shareholders  contained  in this  Agreement  or in any  certificate  or document
delivered  pursuant  to the  provisions  hereof  shall  be true in all  material
respects at and as of the Closing as though such  representations and warranties
were made at and as of such time;

     (b)  GolfLogix  shall have  performed  and complied  with,  in all material
respects, with all covenants, agreements, and conditions set forth in, and shall
have  executed and  delivered  all  documents  required by this  Agreement to be
performed  or  complied  or executed  and  delivered  by them prior to or at the
Closing.

     (c) The Exchanging Shareholders shall have entered into an option agreement
with  forestindustry  allowing  forestindustry  to repurchase a portion of their

<PAGE>

shares of  forestindustry  common stock in the event  certain  rights under that
certain  "Exclusive  Licensing  Agreement for the  Distribution of the GolfLogix
System" lapse.

SECTION 5.  COVENANTS

     5.1 Further Assurances.  The parties shall execute such documents and other
papers and take such further actions as may be reasonably  required or desirable
to carry out the provisions  hereof and the  transactions  contemplated  hereby.
Each such party shall use its best efforts to fulfill or obtain the  fulfillment
of the conditions to the Closing,  including,  without limitation, the execution
and delivery of any  documents or other  papers,  the  execution and delivery of
which are necessary or appropriate to the Closing.

     5.2  Confidentiality.  In the event the  transactions  contemplated by this
Agreement are not  consummated,  forestindustry,  Golflogix  and the  Exchanging
Shareholders agree to keep confidential any information  disclosed to each other
in  connection  therewith  for a period  of one (1) year  from the date  hereof;
provided, however, such obligation shall not apply to information which:

     (i) at the time of the disclosure was public knowledge;

     (ii) after the time of disclosure  becomes public knowledge  (except due to
the action of the receiving party); or

     (iii)  the  receiving  party  had  within  its  possession  at the  time of
disclosure; or

     (iv) is ordered disclosed by a Court of proper jurisdiction.

SECTION 6.  SURVIVAL OF REPRESENTATIONS AND WARRANTIES

     Notwithstanding any right of either party to investigate the affairs of the
other  party and its  shareholders,  each party has the right to rely fully upon
representations, warranties, covenants and agreements of the other party and its
shareholders  contained in this Agreement or in any document delivered to one by
the other or any of their  representatives,  in connection with the transactions
contemplated by this Agreement. All such representations,  warranties, covenants
and agreements  shall survive the execution and delivery  hereof and the closing
hereunder for one year following the Closing.

SECTION 7.  INDEMNIFICATION

     For a  period  of one (1)  year  from  the  Closing,  GolfLogix  agrees  to
indemnify  and  hold  harmless  forestindustry,   its  officers,  directors  and
principal shareholders,  and forestindusty agrees to indemnify and hold harmless
GolfLogix,  its officers,  directors and Exchanging  Shareholders,  at all times
against and in respect of any liability,  damage,  or  deficiency,  all actions,
suits,  proceedings,  demands,  assessments,   judgments,  costs  and  expenses,
including attorneys' fees, incident to any of the foregoing,  resulting from any
material  misrepresentation  made by any  indemnifying  party to an  indemnified
party,  an  indemnifying  party's  breach  of  a  covenant  or  warranty  or  an
indemnifying  party's  nonfulfillment  of any agreement  hereunder,  or from any
material misrepresentation or omission from any certificate, financial statement
or tax return furnished or to be furnished hereunder.

     If the indemnified party receives written notice of the commencement of any
legal action, suit or proceeding with respect to which the indemnifying party is
or may be obligated to provide  indemnification  pursuant to this  Section,  the
indemnified  party shall,  within 30 days of the receipt of such written notice,
give the indemnifying party written notice thereof ("Claim Notice").  Failure to
give such Claim Notice  within such 30 day period shall not  constitute a waiver
by the  indemnified  party or its rights to indemnity  hereunder with respect to

<PAGE>

such  action,  suit or  proceeding  unless the  defense  thereof  is  prejudiced
thereby.  Upon  receipt by the  indemnifying  party of a Claim  Notice  from the
indemnified party with respect to any claim for  indemnification  which is based
upon a claim made by a third party ("Third Party Claim"), the indemnifying party
may  assume  the  defense  of the Third  Party  Claim  with  counsel  of its own
choosing,  as described  below.  The  indemnified  party shall  cooperate in the
defense of the Third Party Claim and shall furnish such records, information and
testimony  and attend all such  conferences,  discovery  proceedings,  hearings,
trials and appeals as may be reasonably  required in connection  therewith.  The
indemnified  party  shall have the right to employ  its own  counsel in any such
action, but the fees and expenses of such counsel shall be at the expense of the
indemnified  party unless the indemnifying  party shall not have with reasonable
promptness  employed  counsel to assume the defense of the Third Party Claim, in
which event such fees and  expenses  shall be borne  solely by the  indemnifying
party. The indemnifying  party shall not satisfy or settle any Third Party Claim
for which  indemnification has been sought and is available  hereunder,  without
the prior written consent of the indemnified  party,  which consent shall not be
delayed or which  shall not be required  if the  indemnified  party is granted a
release in  connection  therewith.  If the  indemnifying  party  shall fail with
reasonable  promptness to defend such Third Party Claim,  the indemnified  party
may  defend,  satisfy  or settle  the Third  Party  Claim at the  expense of the
indemnifying party and the indemnifying party shall pay to the indemnified party
the amount of such Loss  within  ten days  after  written  demand  thereof.  The
indemnification   provisions  hereof  shall  survive  the  termination  of  this
Agreement.

SECTION 8.  DOCUMENTS AT CLOSING AND THE CLOSING

     8.1 Documents at Closing. At the Closing, the following  transactions shall
occur, all of such transactions being deemed to occur simultaneously:

     (a) GolfLogix,  and the Exchanging  Shareholders to the extent  applicable,
will deliver, or will cause to be delivered, to forest industry the following:

          (i) a certificate executed by the President and Secretary of GolfLogix
to the effect that all  representations  and warranties  made by GolfLogix under
this Agreement are true and correct as of the Closing;

          (ii)certificates   representing   those  shares  of  GolfLogix  to  be
exchanged for shares of common stock of forestindustry, along with duly executed
powers transferring such certificates to GolfLogix;

          (iii) all other items, the delivery of which is a condition  precedent
to the obligations of forestindustry, as set forth in Section 4;

          (iv)The   Exchanging   Shareholders   will   deliver   an   option  to
forestindustry  to  purchase  shares  of  common  stock  from   the   Exchanging
Shareholders in the event certain conditions are not met; and

          (v)  GolfLogix  will provide  evidence  that it has been  assigned all
title,  rights and interests in that certain Exclusive  Licensing Agreement  for
the Distribution of the GolfLogix  System by and between  GolfLogix Inc and Ford
W. Sinclair.

     (b)  forestindustry  will  deliver or cause to be  delivered  to  GolfLogix
shareholders:

          (i) a  certificate  from  forestindustry  executed by the President or
Secretary of  forestindustry,  to  the   effect  that  all  representations  and
warranties of forestindustry made under this Agreement are true and  correct  as
of the Closing;

          (ii)the appointment of Ford W. Sinclair to  forestindustry's  board of
directors;
<PAGE>

          (iii) all other items, the delivery of which is a condition  precedent
to the obligations of GOLFLOGIX, as set forth in Section 4 hereof.

     8.2 The Closing.  The Closing  shall take place at the time or place as may
be agreed upon by the parties hereto. At the Closing,  the parties shall provide
each other with such documents as may be necessary.

SECTION 9.  MISCELLANEOUS

     9. 1 Waivers.  The waiver of a breach of this  Agreement  or the failure of
any party  hereto to  exercise  any right under this  Agreement  shall in no way
constitute waiver as to future breach whether similar or dissimilar in nature or
as to the exercise of any further right under this Agreement.

     9.2  Amendment.  This  Agreement  may be  amended  or  modified  only by an
instrument  of equal  formality  signed by the  parties  or the duly  authorized
representatives of the respective parties.

     9.3  Assignment.  This Agreement is not  assignable  except by operation of
law.

     9.4 Notice.  Any notice or statement  given under this  Agreement  shall be
deemed to have been given if sent by mail  addressed  to the other  party at the
address indicated above or at such other address which shall have been furnished
in writing to the addressor.

     9.5  Governing  Law.  This  Agreement  shall be  construed,  and the  legal
relations between the parties determined, in accordance with the laws of British
Columbia,  thereby  precluding  any  choice of law rules  which may  direct  the
application of the laws of any other jurisdiction.

     9.6  Publicity.  No  publicity  release  or  announcement  concerning  this
Agreement  or the  transactions  contemplated  hereby  shall be issued by either
party hereto at any time from the signing  hereof  without  advance  approval in
writing of the form and substance by the other party.

     9.7 Entire Agreement.  This Agreement (including the Exhibits and Schedules
to be attached hereto) and the collateral agreements executed in connection with
the  consummation  of the  transactions  contemplated  herein contain the entire
agreement  among the parties  with  respect to the  exchange and issuance of the
shares and related transactions,  and supersede all prior agreements, written or
oral, with respect thereto.

     9.8 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.

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

     9.10  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 consider but one and the same document.

     9.11  Binding  Effect.  This  Agreement  shall be binding  upon the parties
hereto  and  inure  to the  benefit  of the  parties,  their  respective  heirs,
administrators, executors, successors and assigns.

     9.12 Tax  Treatment.  forestindustry  and  GolfLogix  and its  Shareholders
acknowledge  that they each have been  represented  by their own tax advisors in
connection with this transaction; that none of them has made a representation or

<PAGE>

warranty to any of the other parties with respect to the tax treatment  accorded
this transaction,  or the effect  individually or corporately on any party under
the applicable tax laws, regulations, or interpretations; and that no opinion of
counsel or private  revenue ruling has been obtained with respect to the effects
of this transaction under the appropriate tax laws.

<PAGE>

     IN WITNESS  WHEREOF,  the parties have executed this  Agreement on the date
first above written.

                                           forestindustry.com, Inc.,
                                           a Delaware corporation



                                            By: /S/ JOE PERRATON
                                               -----------------------------
                                               Joe Perraton, President



                                            GolfLogix Systems of Canada, Inc.



                                            By: /S/ FORD W. SINCLAIR
                                               -----------------------------
                                                Ford W. Sinclair, President



                                            Exchanging Shareholders




                                            By: /S/ FORD W. SINCLAIR
                                                ---------------------------
                                                Ford W. Sinclair



                                            By: /S/ NICOLE SINCLAIR
                                                ---------------------------
                                                Nicole Sinclair



                                            By: /S/ ROBERT WILSON
                                                ---------------------------
                                                Robert Wilson





<PAGE>




                                    EXHIBIT A



                         LIST OF GOLFLOGIX SHAREHOLDERS


<TABLE>
<CAPTION>
<S>                                             <C>                     <C>                      <C>

====================================================================================================================

Name of Shareholder of GOLFLOGIX             Approximate          Number of Shares of       Number of Shares of
                                             Percentage of             GOLFLOGIX              FORESTINDUSTRY
                                             Holding
                                                                          Held                  Common Stock

                                                                                               to be Issued
--------------------------------------------------------------------------------------------------------------------
Class A Voting Common Share
--------------------------------------------------------------------------------------------------------------------
Ford W. Sinclair                                 80%                     80                      2,000,000
--------------------------------------------------------------------------------------------------------------------
Nicole Sinclair                                  15%                     15                        375,000
--------------------------------------------------------------------------------------------------------------------
Robert Wilson                                     5%                      5                        125,000
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
Total                                           100%                    100                      2,500,000
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
Class B Non-Voting Common Shares
--------------------------------------------------------------------------------------------------------------------
Ford W. Sinclair                                 80%                  8,000
--------------------------------------------------------------------------------------------------------------------
Nicole Sinclair                                  15%                  1,500
--------------------------------------------------------------------------------------------------------------------
Robert Wilson                                     5%                    500
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
Total                                           100%                 10,000

</TABLE>
[{"type": "8-K", "sequence": "1", "filename": "for102502.txt", "secsgml_size_bytes": 54187}]
{"company-data": {"conformed-name": "FORESTINDUSTRY COM INC", "cik": "0001052671", "assigned-sic": "7389", "irs-number": "980207081", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26673", "film-number": "02801815"}, "business-address": {"street1": "2480 KENWORTH RD SUITE 10", "street2": "NANAIMO BRITISH COLUMBIA", "city": "CANADA", "state": "A1", "zip": "V9T 3Y3", "phone": "2507580665"}, "mail-address": {"street1": "SUITE 10 - 2480 KENWORTH ROAD", "street2": "NANAIMO BRITISH COLUMBIA", "city": "CANADA", "state": "A1", "zip": "V9T 3Y3"}, "former-company": {"former-conformed-name": "AUTOEYE INC", "date-changed": "19990615"}}
SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

       Date of Report (date of earliest event reported): October 25, 2002

                            FORESTINDUSTRY.COM, INC.
             (Exact name of Registrant as specified in its charter)

           Delaware                    0-26673                  98-0207081
           --------                    -------                  ----------
(State or other jurisdiction     (Commission File No.)         (IRS Employer
        of incorporation)                                    Identification No.)

                          Suite 10 - 2480 Kenworth Road
                            Nanaimo, British Columbia
                                 Canada V9T 3Y3
          (Address of principal executive offices, including Zip Code)

       Registrant's telephone number, including area code: (250) 758-0665

                          Suite 11 - 2480 Kenworth Road
                            Nanaimo, British Columbia
                                 Canada V9T 3Y3
          (Former name or former address if changed since last report)
Item 1.  Changes in Control of Registrant

     As a result of the completion of the Share Exchange Agreement  discussed in
Item 2 of this Form 8-K, Mr. Ford W. Sinclair and his spouse Ms. Nicole Sinclair
will own  collectively  2,375,000  shares of common stock of  forestindustry.com
representing approximately 41% of the outstanding shares.

Item 2.  Acquisition or Disposition of Assets

     On  October  25,  2002  forestindustry.com  completed  the  acquisition  of
GolfLogix  Systems of Canada pursuant to a Share Exchange  Agreement.  Under the
terms of the Share Exchange  Agreement,  forestindustry.com  acquired all of the
outstanding  shares of  GolfLogix  Systems in exchange for  2,500,000  shares of
common stock.  As a result of the  completion of the Share  Exchange  Agreement,
GolfLogix   Systems   of   Canada   is  now  a  wholly   owned   subsidiary   of
forestindustry.com.

     GolfLogix Systems Canada is a distributor of golfing merchandise and has an
option to purchase an exclusive  licensing  right to market and  distribute  the
GolfLogix System in Canada, Oregon, Washington,  Idaho, Mexico, Central America,
Caribbean and Bermuda,  Australia,  Tasmania,  New Zealand,  and Fiji. Under the
terms of the  Share  Exchange  Agreement,  forestindustry.com  has an  option to
repurchase  a portion of the  2,500,000  shares at a nominal  price if GolfLogix
Systems  Canada fails to obtain the right to market and distribute the GolfLogix
System in a specific area.

     Further,  as part of Share  Exchange  Agreement,  Mr. Ford W.  Sinclair was
appointed to the forestindustry.com Board of Directors.

Item 7.  Financial Statements.

          (a) The  financial  statements  for GolfLogix  Systems  Canada will be
filed within 60 days of the due date of this report.

          (c) Exhibits

          10.6 Share Exchange Agreement
SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
Undersigned hereunto duly authorized.

Date:   October 29, 2002                             FORESTINDUSTRY.COM, INC.

                                                     By: /S/ JOE PERRATON
                                                        ------------------------
                                                        Joe Perraton, President
SHARE EXCHANGE AGREEMENT

     This Share Exchange  Agreement (the "Agreement") dated October 15, 2002, is
made   by  and   among   forestindustry.com,   Inc.   a   Delaware   corporation
("forestindustry"),  having its  principal  offices at 11-2480  Kenworth,  Road,
Nanaimo,  British Columbia,  Canada, GolfLogix System of Canada, Inc., a British
Columbia  corporation  ("GolfLogix") having its principal office located at 8893
Brooke Road, Delta, British Columbia; and the all of shareholders of GolfLogix.

                                    RECITALS:

     A.  forestindustry  desires  to acquire  all of the issued and  outstanding
capital stock of GolfLogix and all of the  shareholders  of GolfLogix  desire to
exchange  all  of  their  shares  of  GolfLogix  for  shares  of  forestindustry
authorized but unissued common stock as hereinafter provided.

     B. It is the intention of the parties hereto that: (i) forestindustry shall
acquire all of the issued and outstanding common shares of GolfLogix in exchange
solely for the number of shares of forestindustry authorized but unissued shares
of common  stock,  par value  $0.0001  ("Common  Stock"),  set forth  below (the
"Exchange");  and (ii) the Exchange shall qualify as a transaction in securities
exempt from  registration or qualification  under the Securities Act of 1933, as
amended, and under the applicable  securities laws of each state or jurisdiction
where  the  shareholders  of  GolfLogix  reside,   with  GolfLogix   becoming  a
wholly-owned subsidiary of forestindustry. The combined entity would then change
its name to Global Golf Enterprises, Inc.

     C. The  board of  directors  of  forestindustry  deems it to be in the best
interest of forestindustry and its shareholders to acquire all of the issued and
outstanding capital stock of GolfLogix.

     D. The directors and  shareholders  of GolfLogix  deem it to be in the best
interest of the GolfLogix  shareholders  to exchange all of the capital stock of
GolfLogix for shares of common stock of forestindustry, as hereinafter provided.

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

SECTION 1.  EXCHANGE OF SHARES

     1.1  Exchange of Shares.  forestindustry,  GolfLogix  and the  shareholders
GolfLogix who intend to exchange their shares ("Exchanging Shareholders") hereby
agree  that  the  Exchanging   Shareholders  shall,  on  the  Closing  Date  (as
hereinafter  defined),  exchange 100 shares of Class A Voting  common shares and
10,000  shares  of Class B  Non-voting  common  shares  of  GolfLogix  for up to
2,500,000  restricted  shares  of Common  Stock of  forestindustry,  subject  to
repurchase  as discussed  below.  The 100 shares of Class A Voting common shares
and 10,000 shares of Class B Non-voting common shares of GolfLogix represent all
of the issued and outstanding  capital stock of GolfLogix.  The GolfLogix common
shares  owned by each  shareholder  and the number of shares of Common  Stock of
forestindustry  which each will receive in the Exchange are set forth in Exhibit
A hereto.

     1.2 Delivery of Shares.  On the Closing Date, the  Exchanging  Shareholders
will  deliver  to  forestindustry  the  certificates  representing  all  of  the
outstanding  common shares of GolfLogix,  duly endorsed (or with executed  stock
powers) so as to make  forestindustry  the sole owner thereof.  Upon delivery of
the  GolfLogix   common  shares,   forestindustry   will  deliver   certificates
representing  2,500,000  restricted  shares  of common  stock of  forestindustry
making the Exchanging Shareholders the majority shareholders of forestindustry.

SECTION 2. REPRESENTATIONS   AND   WARRANTIES   OF   GOLFLOGIX   AND  EXCHANGING
SHAREHOLDERS

     GolfLogix, and the Exchanging Shareholders to the extent applicable,  as of
the date of this Agreement and of the Closing Date, hereby represent and warrant
as follows.

     2.1  Organization  and  Good  Standing.  GolfLogix  is a  corporation  duly
organized,  validly existing and in good standing under the laws of the province
of British Columbia. GolfLogix has the corporate power and authority to carry on
its  business as presently  conducted.  GolfLogix is qualified to do business in
all  jurisdictions  except  where the  failure to be so  qualified  would have a
material adverse effect on its business.

     2.2  Corporate  Authority.   GolfLogix  has  the  power  to  operate  as  a
corporation  and  to  perform  the  transaction  hereunder.  The  execution  and
performance  of this  Agreement,  will not  constitute a material  breach of any
agreement, indenture, mortgage, license or other instrument or document to which
GolfLogix is a party and will not violate any  judgment,  decree,  order,  writ,
rule,  statute,  or regulation  applicable to GolfLogix or its  properties.  The
execution and  performance  of this  Agreement will not violate or conflict with
any provision of the Articles of Incorporation or the Bylaws of GolfLogix.

     2.3 Ownership of Shares. The Exchanging Shareholders described on Exhibit A
are the owners of record and  beneficially  of all of the issued and outstanding
common shares of GolfLogix.  Each Exchanging Shareholder represents and warrants
that he or she owns such shares free and clear of all rights,  claims, liens and
encumbrances,  and the shares have not been sold, pledged, assigned or otherwise
transferred except pursuant to this Agreement.

     2.4  Access  to  Corporate  Information;  Independent  Investigation.  Each
Exchanging  Shareholder  acknowledges  that  they,  in making  the  decision  to
exchange   the   GolfLogix   common   shares  for  Shares  of  common  stock  of
forestindustry,  will rely upon independent investigations made by them or their
representatives,  if any, and they will have,  prior to the Closing  Date,  been
given  access to and the  opportunity  to examine  all  material  contracts  and
documents  relating to this offering and an opportunity to ask questions of, and
to receive  information from,  forestindustry or any person acting on its behalf
concerning the terms and conditions of this Agreement.

     2.5  Risks.   Each   Exchanging   Shareholder   executing   this  Agreement
acknowledges and understands that the exchange for the shares of  forestindustry
involves a high  degree of risk and is  suitable  only for  persons of  adequate
financial  means who have no need for  liquidity in this  investment in that (i)
the  Exchanging  Shareholder  may not be able to liquidate the investment in the
event of an emergency;  (ii)  transferability is extremely limited; and (iii) in
the event of a disposition,  the Exchanging Shareholder could sustain a complete
loss of its  entire  investment.  The  Exchanging  Shareholder  is  sufficiently
experienced  in financial and business  matters to be capable of evaluating  the
merits and risks of an investment in  forestindustry;  has evaluated such merits
and risks, including risks particular to the Exchanging Shareholder's situation;
and the Exchanging  Shareholder  has determined that this investment is suitable
for  the  Exchanging  Shareholder.   The  Exchanging  Shareholder  has  adequate
financial resources and can bear a complete loss of the Exchanging Shareholder's
investment.

     2.6 Investment Intent.  Each Exchanging  Shareholder hereby represents that
the shares of forestindustry are being acquired for the Exchanging Shareholder's
own account with no intention of  distributing  such  securities to others.  The
Exchanging  Shareholder has no contract,  undertaking,  agreement or arrangement
with any person to sell,  transfer or otherwise  distribute  to any person or to
have  any  person  sell,   transfer  or  otherwise   distribute  the  shares  of
forestindustry  for the Exchanging  Shareholder.  The Exchanging  Shareholder is
presently not engaged, nor does the Exchanging Shareholder plan to engage within
the presently  foreseeable  future,  in any discussion with any person regarding
such a sale,  transfer or other  distribution of the shares of forestindustry or
any interest therein.

     2.7  Compliance  with Federal and State  Securities  Laws.  The  Exchanging
Shareholder  understands that the shares of common stock of forestindustry  have
not been  registered  under  the  Securities  Act.  The  Exchanging  Shareholder
understands  that the  shares of  common  stock of  forestindustry  must be held
indefinitely   unless  the  sale  or  other  transfer  thereof  is  subsequently
registered  under the Securities Act or an exemption from such  registration  is
available.  Moreover, the Exchanging  Shareholder  understands that its right to
transfer the shares of common stock of forestindustry will be subject to certain
restrictions,  which include  restrictions against transfer under the Securities
Act and applicable state securities laws. In addition to such restrictions,  the
Exchanging  Shareholder  realizes  that it may not be able to sell or dispose of
the shares of common stock of  forestindustry as there may be no public or other
market  for them.  The  Exchanging  Shareholder  understands  that  certificates
evidencing the Shares shall bear a legend substantially as follows:

          THE  SECURITIES   REPRESENTED  BY  THIS   CERTIFICATE  HAVE  NOT  BEEN
          REGISTERED   UNDER  THE  SECURITIES  ACT  OF  1933,  AS  AMENDED  (THE
          "SECURITIES  ACT"),  OR ANY  APPLICABLE  STATE  LAW.  THEY  MAY NOT BE
          OFFERED FOR SALE, SOLD, TRANSFERRED OR PLEDGED UNLESS REGISTERED UNDER
          THE  SECURITIES  ACT AND ANY  APPLICABLE  STATE LAW OR  PURSUANT TO AN
          EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS

     2.8 Approvals.  GolfLogix represents no approval,  authorization,  consent,
order or other action of, or filing with, any person, firm or corporation or any
court,  administrative  agency or other  governmental  authority  is required in
connection  with the execution and delivery of this  Agreement by it and for the
consummation of the transactions described herein.

     2.9 Not a U.S. Person. The Exchanging  Shareholders represent that they are
not a U.S. Person within the meaning of Regulation S of the Securities Act.

     2.10 Financial Statements, Books and Records. GolfLogix represents that the
attached as Exhibit 2.10 are its financial  statements  (balance  sheet,  income
statement)  as of  October  31,  2001 (the  "Financial  Statements").  GolfLogix
represents  that its books of account  and other  financial  records  are in all
material  respects  complete and correct and are  maintained in accordance  with
good business and accounting practices. GolfLogix acknowledges that a minimum of
two (2) years of audited financial information will be required to be filed with
the  Securities  and Exchange  Commission  within 60 days of the Closing date of
this Agreement.

     2.11 No Material  Adverse Changes.  GolfLogix  represents since October 31,
2001 there has not been.

          (i) any material adverse change in the financial position of GolfLogix
except changes  arising in the ordinary  course of business,  which changes will
in no event materially and adversely affect the financial position of GolfLogix;

          (ii) any damage,  destruction or loss materially affecting the assets,
prospective  business,  operations  or  condition  (financial  or  otherwise) of
GolfLogix whether or not covered by insurance;
(iii) any  declaration,  setting  aside or payment of any  dividend or
distribution with respect to any redemption or  repurchase  of GolfLogix  common
shares;

          (iv)  any sale of an  asset  (other  than in the  ordinary  course  of
business) or any mortgage or pledge by GolfLogix of any properties or assets; or

          (v) adoption of any pension, profit sharing,  retirement, stock bonus,
stock option or similar plan or arrangement.

     2.12 Taxes.  GolfLogix  has filed all  material  tax,  governmental  and/or
related  forms and reports (or  extensions  thereof) due or required to be filed
and has paid or made adequate  provisions for all taxes or assessments which had
become  due as of  the  Closing  Date,  and  there  are  no  deficiency  notices
outstanding.  No extensions of time for the assessment of  deficiencies  for any
year is in effect.  No  deficiency  notice is proposed  or, to the  knowledge of
GolfLogix  after  reasonable  inquiry,  threatened  against  GolfLogix.  The tax
returns of GolfLogix have never been audited.

     2.13  Compliance  with  Laws.  GolfLogix  has  complied  with all  federal,
provincial  and  local  laws,  ordinances,  regulations,   inspections,  orders,
judgments,  injunctions,  awards or  decrees  applicable  to it or its  business
which, if not complied with,  would materially and adversely affect the business
of GolfLogix.

     2.14 No Breach.  GolfLogix  represents  that the  execution,  delivery  and
performance  of  this  Agreement  and  the   consummation  of  the  transactions
contemplated hereby will not:

          (i) violate any order,  judgment,  injunction,  award or decree of any
court,  arbitrator or governmental  or regulatory body against, or binding upon,
GolfLogix or upon the properties or business of GolfLogix, or

          (ii)  violate  any  statute,  law or  regulation  of any  jurisdiction
applicable to the transactions contemplated herein which  could have a material,
adverse effect on the business or operations of GolfLogix.

     2.15  Actions and  Proceedings.  GolfLogix  is not a party to any  material
pending litigation or any governmental investigation or proceeding not reflected
in the GolfLogix's financial statements and, to its best knowledge,  no material
litigation,  claims, assessments or non-governmental  proceedings are threatened
against GolfLogix.

     2.16  Agreements.  Schedule  2.16  sets  forth  any  material  contract  or
arrangement  to which  GolfLogix  is a party or by or to which it or its assets,
properties or business are bound or subject, whether written or oral.

     2.17  Tangible  Assets.  GolfLogix  has  full  title  and  interest  in all
machinery,  equipment,  furniture,  leasehold improvements,  fixtures, projects,
owned or leased by GolfLogix,  any related  capitalized  items or other tangible
property  material  to  the  business  of  GolfLogix  (the  "Tangible  Assets").
GolfLogix holds all rights,  title and interest in all the Tangible Assets owned
by it in  the  financial  statements  or  acquired  by it  after  the  financial
statements free and clear of all liens, pledges, mortgages,  security interests,
conditional  sales  contracts  or any other  encumbrances.  All of the  Tangible
Assets are in good operating condition and repair and are usable in the ordinary
course of business of GolfLogix and conform to all applicable  laws,  ordinances
and government orders,  rules and regulations relating to their construction and
operation,  except as set forth on Schedule  2.17  hereto.  GolfLogix  has clear
title to all of its fictional  business  names,  trading  names,  registered and
unregistered  trademarks,  service  marks and  applications  (collectively,  the
"Marks") and Marks are included as Tangible Assets.
2.18  Liabilities.  GolfLogix did not have any material  direct or indirect
indebtedness,   liability,  claim,  loss,  damage,  deficiency,   obligation  or
responsibility,  known or unknown, fixed or unfixed, liquidated or unliquidated,
secured or unsecured, accrued or absolute,  contingent or otherwise,  including,
without  limitation,  any liability on account of taxes, any governmental charge
or lawsuit  (all of the  foregoing  collectively  defined to as  "Liabilities"),
which  are  not  fully,  fairly  and  adequately   reflected  on  the  Financial
Statements,  except  for a  specific  Liabilities  set  forth on  Schedule  2.17
attached  hereto  and  made a part  hereof.  As of the  date  of  Closing  Date,
GolfLogix  will not have any  Liabilities,  other  than  Liabilities  fully  and
adequately reflected on the Financial Statements except for Liabilities incurred
in the ordinary  course of business and as set forth in Schedule  2.17, and will
not exceed  $1,000 on the date of Closing.  To the best  knowledge of GolfLogix,
there is no circumstance,  condition,  event or arrangement  which may hereafter
give rise to any Liabilities not in the ordinary course of business.

     2.19  Operations  of  GolfLogix.  From the  date of the  October  31,  2001
Financial  Statements through the Closing Date,  GolfLogix has not and will not,
outside of the ordinary course of business, have:

          (i)  incurred  any  indebtedness  or  borrowed  money,  except  for an
additional Cdn$35,000 loan and an increase in inventory assets of Cdn$60,000;

          (ii)   declared  or  paid  any   dividend  or  declared  or  made  any
distribution  of  any  kind  to  any shareholder, or made any direct or indirect
redemption,  retirement,  purchase or other acquisition of any interests in  its
capital structure;

          (iii) made any loan or advance to any shareholder,  officer, director,
employee,  consultant, agent or other representative or made any other loan   or
advance;

          (iv) disposed of any material  assets of GolfLogix not in the ordinary
course of business;

          (v)  materially  increased  the annual  level of  compensation  of any
executive employee of GolfLogix;

          (vi) increased, terminated, amended or otherwise modified any plan for
the benefit of employees of GolfLogix;  (vii) issued any equity  securities   or
rights to acquire such equity securities; or

          (viii) entered into or modified any contract, agreement or transaction
not in the ordinary course of business.

     2.20  Capitalization.  The  authorized  capital of  GolfLogix  consists  of
1,000,000  Class A Voting Common  Shares  w.p.v.;  1,000,000  Class B Non-Voting
Common  Shares  w.p.v.;  1,000,000  Class C  Non-Voting  Common  Shares  w.p.v.;
1,000,000 Class D Non-Voting Common Shares w.p.v.;  1,000,000 Class E Non-Voting
Preferred  Shares p.v..01 ea.;  1,000,000  Class F Non-Voting  Preferred  Shares
p.v..01 ea.; and 1,000,000 Class G Non-Voting  Preferred  Shares p.v..01 ea.; of
which 100 shares of Class A Voting  Common  Shares and 10,000  shares of Class B
Non-Voting Common Shares are outstanding.  GolfLogix 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 GolfLogix. GolfLogix has no subsidiaries.

     2.21 Full Disclosure.  No  representation  or warranty by GolfLogix and the
Exchanging  Shareholders  in this Agreement or in any document or schedule to be
delivered by them pursuant  hereto,  and no written  statement,  certificate  or
instrument  furnished  or to be furnished  by  GolfLogix  pursuant  hereto or in
connection  with the  negotiation,  execution or  performance  of this Agreement
contains or will  contain any untrue  statement  of a material  fact or omits or
will omit to state any fact  necessary to make any  statement  herein or therein
not materially misleading or necessary to a complete and correct presentation of
all  material  aspects of the  business  of  GolfLogix  and/or the status of the
GolfLogix common shares.

SECTION 3.  REPRESENTATIONS AND WARRANTIES OF FORESTINDUSTRY

     forestindustry  hereby  represents  and  warrants  as of the  date  of this
Agreement and as of the Closing Date as follow.:

     3.1  Organization and Good Standing.  forestindustry  is a corporation duly
organized,  validly existing and in good standing under the laws of the State of
Delaware. It has the corporate power to own its own property and to carry on its
business  as now being  conducted  and is duly  qualified  to do business in any
jurisdiction where so required except where the failure to so qualify would have
no material adverse effect on its business.

     3.2 Corporate  Authority.  forestindustry  has the corporate power to enter
into this Agreement and to perform its obligations hereunder.  The execution and
delivery of this Agreement and the consummation of the transactions contemplated
hereby has been,  or will be prior to the Closing Date,  duly  authorized by the
Board of Directors of  forestindustry.  The  execution and  performance  of this
Agreement  will not constitute a material  breach of any  agreement,  indenture,
mortgage,  license or other instrument or document to which  forestindustry is a
party and will not violate any judgment,  decree, order, writ, rule, statute, or
regulation  applicable to  forestindustry  or its properties.  The execution and
performance of this Agreement will not violate or conflict with any provision of
the Certificate of Incorporation or By-laws of forestindustry.

     3.3 The forestindustry Shares. At the Closing, the forestindustry shares of
common stock to be issued and delivered to the Exchanging Shareholders hereunder
will when so issued and delivered in accordance with the terms of this Agreement
and  Certificate  of  Incorporation,   as  amended,  and  currently  in  effect,
constitute valid and legally issued shares of forestindustry  Common Stock fully
paid  and  nonassessable   and  free  and  clear  of  all  pledges,   liens  and
encumbrances.  The  forestindustry  shares of common  stock are not  subject  to
preemptive or other rights of any stockholders of  forestindustry.  The issuance
of the  forestindustry  shares of common  stock  hereunder  will not trigger any
outstanding anti-dilution rights.

     3.4  Financial  Statement:   Books  and  Records.   forestindustry  audited
consolidated  financial  statements  as of May 31,  2002,  contained in the Form
10-KSB,  and  unaudited  consolidated  financial  statements  for the  quarterly
periods ended August 31, 2002,  including the notes  contained  therein,  fairly
present the consolidated  financial position of forestindustry at the respective
dates  thereof and the results of its  consolidated  operations  for the periods
purported to be covered thereby. Such financial statements have been prepared in
conformity with generally accepted accounting  principles  consistently  applied
with prior  periods  subject to any comments and notes  contained  therein.  All
liabilities, contingent and other, of forestindustry and its subsidiary, are set
forth in the  financial  statements  as of May 31,  2002  contained  in the Form
10-KSB,  and respective  Form 10-QSB for the quarterly  periods ended August 31,
2002,  excepting only  liabilities  incurred in the ordinary  course of business
subsequent  to August 31, 2002 and  liabilities  of the type not required  under
generally  accepted  accounting  principles  to be reflected  in such  financial
statements.  Since August 31, 2002, there has been no material adverse change in
the financial condition of forestindustry from the financial condition stated in
such financial  statements.  The books of account and other financial records of
forestindustry are in all respects complete and correct in all material respects
and are maintained in accordance with good business and accounting practices.

     3.5 No Material Adverse Changes.

     Except as described on Schedule 3.5,  since August 31, 2002,  there has not
been:

     (i)  any   material   adverse   changes  in  the   financial   position  of
forestindustry except changes arising in the ordinary course of business,  which
changes will in no event materially and adversely affect the financial  position
of forestindustry.

     (ii) any  damage,  destruction  or loss  materially  affecting  the assets,
prospective  business,  operations  or condition  (financial  or  otherwise)  of
forestindustry whether or not covered by insurance;

     (iii)  any  declaration  setting  aside  or  payment  of  any  dividend  or
distribution  with respect to any  redemption or  repurchase  of  forestindustry
capital stock, other than as agreed upon among the parties;

     (iv) any sale of an asset (other than as  described  in (iii) above,  or in
the ordinary course of business) or any mortgage pledge by forestindustry of any
properties or assets;

     (v) adoption or  modification of any pension,  profit sharing,  retirement,
stock bonus, stock option or similar plan or arrangement;

     (vi) except in the  ordinary  course of  business,  incurred or assumed any
indebtedness or liability, whether or not currently due and payable;

     (vii) any loan or advance to any shareholder,  officer, director, employee,
consultant,  agent or other  representative  or made any other  loan or  advance
otherwise than in the ordinary course of business;

     (viii) any  material  increase in the annual level of  compensation  of any
executive employee of forestindustry;

     (ix) except in the ordinary  course of  business,  entered into or modified
any contract, agreement or transaction; or

     (x) issued any equity  securities,  except for the  issuance  of  1,650,000
shares of common stock pursuant to a public offering.

     3.6 Taxes.  forestindustry has filed all tax,  governmental  and/or related
forms and reports (or extensions thereof) due or required to be filed.

     3.7  Compliance  with Laws.  forestindustry  has complied with all federal,
state, provincial, county and local laws, ordinances, regulations,  inspections,
orders,  judgments,  injunctions,  awards  or  decrees  applicable  to it or its
business, which, if not complied with, would materially and adversely affect the
business of forestindustry.

     3.8 Actions and Proceedings.  forestindustry is not a party to any material
pending  litigation  or, to its  knowledge,  any  governmental  proceedings  are
threatened against forestindustry.

     3.9 Capitalization.  As of the Closing Date,  forestindustry has 35,000,000
shares of stock:  30,000,000  shares of common  stock,  $0.0001  par value,  and
5,000,000 shares of preferred,  $0.0001 par value, of which 1,621,058 common and
zero preferred are outstanding as of August 31, 2002.
3.10 No Breach.  The execution,  delivery and performance of this Agreement
and the consummation of the transactions contemplated hereby will not:

     (i) violate any provision of the Certificate of Incorporation or By-Laws of
forestindustyr;

     (ii) violate,  conflict with or result in the breach of any of the material
terms  of,  result  in a  material  modification  of,  otherwise  give any other
contracting party the right to terminate, or constitute (or with notice or lapse
of time or both  constitute) a default under, any contract or other agreement to
which  forestindustry  is a party or by or to which it or any of its  assets  or
properties may be bound or subject;

     (iii)  violate  any  order,  judgment,  injunction,  award or decree of any
court,  arbitrator or governmental or regulatory body against,  or binding upon,
forestindustry or upon the securities, properties or business to forestindustry;
or

     (iv) violate any statute, law or regulation of any jurisdiction  applicable
to the transactions  contemplated  herein, which violation could have a material
adverse effect on the business or operations of forestindustry.

     3.11 Corporate  Authority.  forestindusty  has the corporate power to enter
into this Agreement and to perform its  respective  obligations  hereunder.  The
execution and delivery of this Agreement and the consummation of the transaction
contemplated  hereby  have been duly  authorized  by the Board of  Directors  of
forestindustry.  The  execution  and  performance  of this  Agreement  will  not
constitute a material breach of any agreement,  indenture,  mortgage, license or
other  instrument  or document to which  forestindustry  is a party and will not
violate  any  judgment,  decree,  order,  writ,  rule,  statute,  or  regulation
applicable to forestindustry or its properties.

     3.12 Full Disclosure.  No  representation  or warranty by forestindustry in
this  Agreement or in any document or schedule to be delivered by them  pursuant
hereto, and no written statement,  certificate or instrument  furnished or to be
furnished  by   forestindustry   pursuant  hereto  or  in  connection  with  the
negotiation, execution or performance of this Agreement contains or will contain
any untrue  statement of a material fact or omits or will omit to state any fact
necessary to make any statement  herein or therein not materially  misleading or
necessary to complete and correct  presentation  of all material  aspects of the
business of forestindustry.

     3.13  No  Claims  Outstanding.  forestindustry  represents  that  it is not
subject to any claims, litigation, or other charges against its assets except as
disclosed in the Financial Statements.  Furthermore, there have been no material
changes in forestindustry's  position, and forestindustry has conducted no other
business, since August 31, 2002 except has disclosed with the SEC.

     3.14  Tangible  Assets.  forestindusty  has full title and  interest in all
machinery,  equipment,  furniture,  leasehold improvements,  fixtures, projects,
owned or  leased  by  forestindustry,  any  related  capitalized  items or other
tangible  property  material to the business of  forestindustry  (the  "Tangible
Assets").  Other than as set forth in Schedule  3.14,  forestindustry  holds all
rights,  title  and  interest  in all the  Tangible  Assets  owned  by it on its
financial  statements  for the quarter  ended  August 31, 2002 or acquired by it
after the date on it financial statements free and clear of all liens,  pledges,
mortgages,  security  interests,   conditional  sales  contracts  or  any  other
encumbrances. All Tangible Assets are in good operating condition and repair and
are usable in the ordinary course of business of  forestindustry  and conform to
all applicable  laws,  ordinances and government  orders,  rules and regulations
relating to their  construction  and operation,  except as set forth on Schedule
3.14  hereto.  forestindustry  has clear title to all of its Marks and the Marks
are included as Tangible Assets.
3.15  Liabilities.  forestindustry  did not have  any  material  direct  or
indirect indebtedness, liability, claim, loss, damage, deficiency, obligation or
responsibility,  known or unknown, fixed or unfixed, liquidated or unliquidated,
secured or unsecured, accrued or absolute,  contingent or otherwise,  including,
without  limitation,  any liability on account of taxes, any governmental charge
or lawsuit  (all of the  foregoing  collectively  defined to as  "Liabilities"),
which are not fully,  fairly and  adequately  reflected in its periodic  reports
(annual and interim),  except for a specific  Liabilities  set forth on Schedule
3.15  attached  hereto  and  made  a  part  hereof.  As  of  the  Closing  Date,
forestindustry  will not have any Liabilities,  other than Liabilities fully and
adequately  reflected in its periodic reports except for Liabilities incurred in
the ordinary course of business. To the best knowledge of forestindustry,  there
is no  circumstance,  condition,  event or arrangement  which may hereafter give
rise to any Liabilities not in the ordinary course of business.

SECTION 4.  CONDITIONS PRECEDENT

     4.1 Conditions Precedent to the Obligation of GolfLogix  Shareholders.  All
obligations of the Exchanging  Shareholders  under this Agreement are subject to
the fulfillment, prior to or as of the Closing Date, as indicated below, of each
of the following conditions:

     (a) The representations and warranties by or on behalf of GolfLogix and the
Exchanging  Shareholders  contained in this  Agreement or in any  certificate or
document  delivered  pursuant  to the  provisions  hereof  shall  be true in all
material respects at and as of Closing Date as though such  representations  and
warranties were made at and as of such time.

     (b) GolfLogix  shall have performed and complied in all material  respects,
with all  covenants,  agreements,  and  conditions  set forth in, and shall have
executed and delivered all documents  required by this Agreement to be performed
or complied with or executed and delivered by them prior to or at the Closing.

     (c) On or before the Closing, the Board of Directors of forestindusty shall
have  approved,  in  accordance  with Delaware law the  execution,  delivery and
performance  of  this  Agreement  and  the   consummation   of  the  transaction
contemplated  herein and  authorized  all of the  necessary and proper action to
enable forestindustry to comply with the terms of the Agreement.

     (d)  forestindustry  shall have sufficient shares of forestindustry  Common
Stock authorized but unissued to complete the Exchange.

     4.2  Conditions  Precedent  to  the  Obligations  of  forestindustry.   All
obligations  of   forestindustry   under  this  Agreement  are  subject  to  the
fulfillment, prior to or at Closing, of each of the following conditions:

     (a) The  representations  and  warranties by GolfLogix  and the  Exchanging
Shareholders  contained  in this  Agreement  or in any  certificate  or document
delivered  pursuant  to the  provisions  hereof  shall  be true in all  material
respects at and as of the Closing as though such  representations and warranties
were made at and as of such time;

     (b)  GolfLogix  shall have  performed  and complied  with,  in all material
respects, with all covenants, agreements, and conditions set forth in, and shall
have  executed and  delivered  all  documents  required by this  Agreement to be
performed  or  complied  or executed  and  delivered  by them prior to or at the
Closing.

     (c) The Exchanging Shareholders shall have entered into an option agreement
with  forestindustry  allowing  forestindustry  to repurchase a portion of their
shares of  forestindustry  common stock in the event  certain  rights under that
certain  "Exclusive  Licensing  Agreement for the  Distribution of the GolfLogix
System" lapse.

SECTION 5.  COVENANTS

     5.1 Further Assurances.  The parties shall execute such documents and other
papers and take such further actions as may be reasonably  required or desirable
to carry out the provisions  hereof and the  transactions  contemplated  hereby.
Each such party shall use its best efforts to fulfill or obtain the  fulfillment
of the conditions to the Closing,  including,  without limitation, the execution
and delivery of any  documents or other  papers,  the  execution and delivery of
which are necessary or appropriate to the Closing.

     5.2  Confidentiality.  In the event the  transactions  contemplated by this
Agreement are not  consummated,  forestindustry,  Golflogix  and the  Exchanging
Shareholders agree to keep confidential any information  disclosed to each other
in  connection  therewith  for a period  of one (1) year  from the date  hereof;
provided, however, such obligation shall not apply to information which:

     (i) at the time of the disclosure was public knowledge;

     (ii) after the time of disclosure  becomes public knowledge  (except due to
the action of the receiving party); or

     (iii)  the  receiving  party  had  within  its  possession  at the  time of
disclosure; or

     (iv) is ordered disclosed by a Court of proper jurisdiction.

SECTION 6.  SURVIVAL OF REPRESENTATIONS AND WARRANTIES

     Notwithstanding any right of either party to investigate the affairs of the
other  party and its  shareholders,  each party has the right to rely fully upon
representations, warranties, covenants and agreements of the other party and its
shareholders  contained in this Agreement or in any document delivered to one by
the other or any of their  representatives,  in connection with the transactions
contemplated by this Agreement. All such representations,  warranties, covenants
and agreements  shall survive the execution and delivery  hereof and the closing
hereunder for one year following the Closing.

SECTION 7.  INDEMNIFICATION

     For a  period  of one (1)  year  from  the  Closing,  GolfLogix  agrees  to
indemnify  and  hold  harmless  forestindustry,   its  officers,  directors  and
principal shareholders,  and forestindusty agrees to indemnify and hold harmless
GolfLogix,  its officers,  directors and Exchanging  Shareholders,  at all times
against and in respect of any liability,  damage,  or  deficiency,  all actions,
suits,  proceedings,  demands,  assessments,   judgments,  costs  and  expenses,
including attorneys' fees, incident to any of the foregoing,  resulting from any
material  misrepresentation  made by any  indemnifying  party to an  indemnified
party,  an  indemnifying  party's  breach  of  a  covenant  or  warranty  or  an
indemnifying  party's  nonfulfillment  of any agreement  hereunder,  or from any
material misrepresentation or omission from any certificate, financial statement
or tax return furnished or to be furnished hereunder.

     If the indemnified party receives written notice of the commencement of any
legal action, suit or proceeding with respect to which the indemnifying party is
or may be obligated to provide  indemnification  pursuant to this  Section,  the
indemnified  party shall,  within 30 days of the receipt of such written notice,
give the indemnifying party written notice thereof ("Claim Notice").  Failure to
give such Claim Notice  within such 30 day period shall not  constitute a waiver
by the  indemnified  party or its rights to indemnity  hereunder with respect to
such  action,  suit or  proceeding  unless the  defense  thereof  is  prejudiced
thereby.  Upon  receipt by the  indemnifying  party of a Claim  Notice  from the
indemnified party with respect to any claim for  indemnification  which is based
upon a claim made by a third party ("Third Party Claim"), the indemnifying party
may  assume  the  defense  of the Third  Party  Claim  with  counsel  of its own
choosing,  as described  below.  The  indemnified  party shall  cooperate in the
defense of the Third Party Claim and shall furnish such records, information and
testimony  and attend all such  conferences,  discovery  proceedings,  hearings,
trials and appeals as may be reasonably  required in connection  therewith.  The
indemnified  party  shall have the right to employ  its own  counsel in any such
action, but the fees and expenses of such counsel shall be at the expense of the
indemnified  party unless the indemnifying  party shall not have with reasonable
promptness  employed  counsel to assume the defense of the Third Party Claim, in
which event such fees and  expenses  shall be borne  solely by the  indemnifying
party. The indemnifying  party shall not satisfy or settle any Third Party Claim
for which  indemnification has been sought and is available  hereunder,  without
the prior written consent of the indemnified  party,  which consent shall not be
delayed or which  shall not be required  if the  indemnified  party is granted a
release in  connection  therewith.  If the  indemnifying  party  shall fail with
reasonable  promptness to defend such Third Party Claim,  the indemnified  party
may  defend,  satisfy  or settle  the Third  Party  Claim at the  expense of the
indemnifying party and the indemnifying party shall pay to the indemnified party
the amount of such Loss  within  ten days  after  written  demand  thereof.  The
indemnification   provisions  hereof  shall  survive  the  termination  of  this
Agreement.

SECTION 8.  DOCUMENTS AT CLOSING AND THE CLOSING

     8.1 Documents at Closing. At the Closing, the following  transactions shall
occur, all of such transactions being deemed to occur simultaneously:

     (a) GolfLogix,  and the Exchanging  Shareholders to the extent  applicable,
will deliver, or will cause to be delivered, to forest industry the following:

          (i) a certificate executed by the President and Secretary of GolfLogix
to the effect that all  representations  and warranties  made by GolfLogix under
this Agreement are true and correct as of the Closing;

          (ii)certificates   representing   those  shares  of  GolfLogix  to  be
exchanged for shares of common stock of forestindustry, along with duly executed
powers transferring such certificates to GolfLogix;

          (iii) all other items, the delivery of which is a condition  precedent
to the obligations of forestindustry, as set forth in Section 4;

          (iv)The   Exchanging   Shareholders   will   deliver   an   option  to
forestindustry  to  purchase  shares  of  common  stock  from   the   Exchanging
Shareholders in the event certain conditions are not met; and

          (v)  GolfLogix  will provide  evidence  that it has been  assigned all
title,  rights and interests in that certain Exclusive  Licensing Agreement  for
the Distribution of the GolfLogix  System by and between  GolfLogix Inc and Ford
W. Sinclair.

     (b)  forestindustry  will  deliver or cause to be  delivered  to  GolfLogix
shareholders:

          (i) a  certificate  from  forestindustry  executed by the President or
Secretary of  forestindustry,  to  the   effect  that  all  representations  and
warranties of forestindustry made under this Agreement are true and  correct  as
of the Closing;

          (ii)the appointment of Ford W. Sinclair to  forestindustry's  board of
directors;
(iii) all other items, the delivery of which is a condition  precedent
to the obligations of GOLFLOGIX, as set forth in Section 4 hereof.

     8.2 The Closing.  The Closing  shall take place at the time or place as may
be agreed upon by the parties hereto. At the Closing,  the parties shall provide
each other with such documents as may be necessary.

SECTION 9.  MISCELLANEOUS

     9. 1 Waivers.  The waiver of a breach of this  Agreement  or the failure of
any party  hereto to  exercise  any right under this  Agreement  shall in no way
constitute waiver as to future breach whether similar or dissimilar in nature or
as to the exercise of any further right under this Agreement.

     9.2  Amendment.  This  Agreement  may be  amended  or  modified  only by an
instrument  of equal  formality  signed by the  parties  or the duly  authorized
representatives of the respective parties.

     9.3  Assignment.  This Agreement is not  assignable  except by operation of
law.

     9.4 Notice.  Any notice or statement  given under this  Agreement  shall be
deemed to have been given if sent by mail  addressed  to the other  party at the
address indicated above or at such other address which shall have been furnished
in writing to the addressor.

     9.5  Governing  Law.  This  Agreement  shall be  construed,  and the  legal
relations between the parties determined, in accordance with the laws of British
Columbia,  thereby  precluding  any  choice of law rules  which may  direct  the
application of the laws of any other jurisdiction.

     9.6  Publicity.  No  publicity  release  or  announcement  concerning  this
Agreement  or the  transactions  contemplated  hereby  shall be issued by either
party hereto at any time from the signing  hereof  without  advance  approval in
writing of the form and substance by the other party.

     9.7 Entire Agreement.  This Agreement (including the Exhibits and Schedules
to be attached hereto) and the collateral agreements executed in connection with
the  consummation  of the  transactions  contemplated  herein contain the entire
agreement  among the parties  with  respect to the  exchange and issuance of the
shares and related transactions,  and supersede all prior agreements, written or
oral, with respect thereto.

     9.8 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.

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

     9.10  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 consider but one and the same document.

     9.11  Binding  Effect.  This  Agreement  shall be binding  upon the parties
hereto  and  inure  to the  benefit  of the  parties,  their  respective  heirs,
administrators, executors, successors and assigns.

     9.12 Tax  Treatment.  forestindustry  and  GolfLogix  and its  Shareholders
acknowledge  that they each have been  represented  by their own tax advisors in
connection with this transaction; that none of them has made a representation or
warranty to any of the other parties with respect to the tax treatment  accorded
this transaction,  or the effect  individually or corporately on any party under
the applicable tax laws, regulations, or interpretations; and that no opinion of
counsel or private  revenue ruling has been obtained with respect to the effects
of this transaction under the appropriate tax laws.
IN WITNESS  WHEREOF,  the parties have executed this  Agreement on the date
first above written.

                                           forestindustry.com, Inc.,
                                           a Delaware corporation

                                            By: /S/ JOE PERRATON
                                               -----------------------------
                                               Joe Perraton, President

                                            GolfLogix Systems of Canada, Inc.

                                            By: /S/ FORD W. SINCLAIR
                                               -----------------------------
                                                Ford W. Sinclair, President

                                            Exchanging Shareholders

                                            By: /S/ FORD W. SINCLAIR
                                                ---------------------------
                                                Ford W. Sinclair

                                            By: /S/ NICOLE SINCLAIR
                                                ---------------------------
                                                Nicole Sinclair

                                            By: /S/ ROBERT WILSON
                                                ---------------------------
                                                Robert Wilson
EXHIBIT A

                         LIST OF GOLFLOGIX SHAREHOLDERS
====================================================================================================================

Name of Shareholder of GOLFLOGIX             Approximate          Number of Shares of       Number of Shares of
                                             Percentage of             GOLFLOGIX              FORESTINDUSTRY
                                             Holding
                                                                          Held                  Common Stock

                                                                                               to be Issued
--------------------------------------------------------------------------------------------------------------------
Class A Voting Common Share
--------------------------------------------------------------------------------------------------------------------
Ford W. Sinclair                                 80%                     80                      2,000,000
--------------------------------------------------------------------------------------------------------------------
Nicole Sinclair                                  15%                     15                        375,000
--------------------------------------------------------------------------------------------------------------------
Robert Wilson                                     5%                      5                        125,000
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
Total                                           100%                    100                      2,500,000
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
Class B Non-Voting Common Shares
--------------------------------------------------------------------------------------------------------------------
Ford W. Sinclair                                 80%                  8,000
--------------------------------------------------------------------------------------------------------------------
Nicole Sinclair                                  15%                  1,500
--------------------------------------------------------------------------------------------------------------------
Robert Wilson                                     5%                    500
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
Total                                           100%                 10,000