Exhibit 10.2 Genesis Financial, Inc. Convertible Note dated January 25, 2002
The securities evidenced by this Note and the underlying Conversion Stock have not been registered
under the Securities Act of 1933, as amended. Such securities may not be sold or otherwise
transferred except in a transaction which, in the opinion of securities counsel reasonably satisfactory
to GENESIS, is exempt from registration under applicable federal securities laws or pursuant to an
effective Registration Statement thereunder.
GENESIS FINANCIAL, INC.
FOR VALUE RECEIVED, Genesis Financial, Inc., a Washington Corporation with offices at 200 North
Mullan Road, Suite 217, Spokane, Washington 99206 (“GENESIS”) promises to pay to the order of
TEMPORARY FINANCIAL SERVICES, INC., a Washington corporation with offices at 200 North Mullan
Road, Suite 213, Spokane, Washington 99206 (“TFS”), the principal sum of $200,000.00 United States
Currency, together with interest thereon accruing from and after January 25, 2002, as specified in this
Convertible Note (the “Note”).
This NOTE is issued upon the following terms, to which TFS assents and GENESIS, for itself and its successors,
agrees as follows:
1. Interest Rate . This NOTE shall bear interest at the rate of Six Percent (6%) per annum. Simple
interest shall accrue on this NOTE until maturity. In the event this NOTE is not paid on the maturity date,
this NOTE shall thereafter bear interest until paid at the rate of Twelve Percent (12%) per annum.
2. Maturity . The entire outstanding unpaid principal and all accrued but unpaid interest shall be due and
payable at maturity on January 1, 2004; by cash, cashier’s check, or wire transfer in lawful money of the
United States at TFS’s address or at such other place as TFS may designate in writing ten days before
3. Transfer . This NOTE is non-transferable without the prior