Exhibit 10.3

PROMISSORY NOTE


	
   

  	
   

  
	
  $562,500.00

  	
  Executed at Broward County,
  Florida          
March 17, 2006

  



          FOR
VALUE RECEIVED, Parkson Property, LLC, a wholly owned subsidiary of Le@P
Technology, Inc. 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 Bay Colony Associates,
Ltd. (the “Payee”), the principal sum of FIVE HUNDRED SIXTY-TWO THOUSAND FIVE
HUNDRED DOLLARS AND NO CENTS ($562,500.00), together with interest at the rate
of seven percent (7%) per annum due and payable in one lump sum of principal
and interest on January 8, 2008.
Payment of principal and accrued interest to be paid to the payee at the
following address:  5601 N. Dixie
Highway, Suite 411, Ft. Lauderdale, FL 33334, 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.
Cancellation of original note dated September 28, 2001.  This Note is intended to replace the
original note (“Original Note”) made by the Maker to the Payee dated September
28, 2001 in the amount of $562,500.  The
Original Note was due and payable on September 28, 2004.  The Original Note has been cancelled by the
Payee and the Maker has no further obligations under the Original Note.  


          2.
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.


          3.
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.


          4.
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.


          5.
Miscellaneous.


                    (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 strictly construed and shall not affect the validity
or effect of any other provision hereof.


                    (C)
The validity, interpretation and effect of this Note shall be exclusively
governed by, and construed in accordance with, the laws of the State of
Florida, excluding the “conflict of laws” rules thereof.


                    
(D) This Note may not be amended or modified, nor shall any waiver of any
provision hereof be effective, except by an instrument in writing executed by
the Maker and Payee.







                    (E)
In case suit shall be brought for the collection hereof, or if it is necessary
to place the same in the hands of an attorney for collection, the Maker agrees
to pay reasonable attorneys’ fees and costs for making such collections.  


          IN
WITNESS WHEREOF, the Maker has caused this Note to be executed as of the day
and year first above written.


	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Parkson
  Property, LLC

  
	
   

  	
   

  
	
   

  	
  By: /s/ Mary
  E. Thomas

  
	
   

  	
   

  	
  


  	
   

  
	
   

  	
  Name: Mary
  E. Thomas

  Authorized Representative

  
	
   

  	
   

  
	
   

  	
  Bay Colony
  Associates, Ltd.

  
	
   

  	
   

  
	
   

  	
  By: /s/
  Timothy C. Lincoln

  
	
   

  	
   

  	
  


  	
   

  
	
   

  	
  Name:
  Timothy C. Lincoln

  Vice-President