$130,000.00 Executed at ____________, ________ May 29, 2002
FOR VALUE RECEIVED, Le@p Technology, Inc., a Delaware corporation with a principal place of business
at 5601 N. Dixie Highway, Suite 411, Fort Lauderdale, Florida 33334 ("Maker"), promises to pay to the order
of the M. Lee Pearce 1998 Irrevocable Trust, or its registered assigns (the "Payee"), the principal sum of ONE
HUNDRED THIRTY THOUSAND AND NO/DOLLARS ($130,000.00), together with interest at the "Prime
Rate" (as hereinafter defined), as announced from time to time), due and payable in one lump sum of principal
and interest on January 15, 2003. "Prime Rate" shall mean the prime commercial lending rate set forth in the
"Money Rates" section of The Wall Street Journal, as announced from time to time. Principal and interest shall be
payable to the Payee at the following address: 16 La Gorce Circle, Miami Beach, FL 33141, or such other place
as the Payee may designate.
This Promissory Note (this "Note") is issued subject to the following additional terms and conditions:
1. Type of Payment. Payment of both principal and interest shall be made in currency of the United States of
America which at the time of payment shall be legal tender for the payment of public and private debts.
2. Manner of Payment. Payment shall be made to Payee at the Payee's address set forth above or such other
place as Payee may designate in writing.
3. Interest on Overdue Payments. From and after the date which is fifteen (15) days after the date upon which
any payment of principal hereunder becomes due and payable, if the same is not timely paid, interest shall be
payable on all sums outstanding hereunder at fifteen percent (15%) per annum.
(A) This Note shall be binding upon the Maker and its successors and assigns.
(B) If any provision hereof shall be held invalid or unenforceable by any court of competent jurisdiction or as a
result of future legislative action, such holding or action shall be stri