Exhibit 10.11


                           Convertible Note Agreement

This Convertible Note Agreement is entered into by Schimatic Cash Transactions
Network.com Inc. (the "Borrower") and ____________________. (the "Lender") as of
January 01, 2001, for good and valuable mutual consideration.

A        Representations.

         1        Lender desires to invest funds in Borrower in exchange for
                  Borrower's promise to repay the principal amount of such
                  investment together with Borrower's obligation to issue its
                  common stock in lieu of interest on said funds.

         2        Lender is an accredited investor as that term is defined and
                  understood for purposes of the Securities and Exchange acts of
                  1933 and 1934 (the "Acts").

         3        Borrower is incorporated under the laws of the state of
                  Florida, maintains its principal place of business at 740 East
                  3900 South, Salt Lake City Utah 84107 and is a corporation in
                  good standing as of the date of this agreement.

         4        Borrower is subject to reporting requirements pursuant to the
                  Securities Acts and its common stock trades publicly in the
                  "pink sheets" as that term is commonly used.

         5        The Borrower and Lender mutually and individually represent
                  that this agreement is valid, binding and enforceable on its
                  terms and that all necessary approvals for entering into this
                  agreement have been obtained.

         6        Borrower represents that all shares of its common stock will
                  be fully paid and non-assessable when issued pursuant to this
                  agreement.

B        Agreements.

         1        Principal Amount. Lender has agreed to lend to Borrower, and
                  Borrower agrees to repay to Lender ______________on the terms
                  and conditions further described below.

         2        Date of Investment. It is intended that Lender will make the
                  investment in increments over a period not to exceed ninety
                  days from the date of this agreement. On the date Lender
                  provides funds to Borrower pursuant to this agreement, those
                  funds will constitute principal outstanding.

         3        Collateral for Loan.
                  a        On or before January 29, 2001, Borrower will instruct
                           the Transfer Agent for its common stock to issue
                           _____________shares of its common stock to Lender
                           (the "Collateral Shares"). Such shares will be held
                           by Lender in trust as collateral for repayment of
                           principal or interest (paid in shares) pursuant to
                           this agreement.
                  b        At such times as interest (paid in shares) is due and
                           payable to Lender or Lender elects by written notice
                           to convert principal into common shares, the
                           equivalent number of Collateral Shares held by Lender
                           will be released from shares held by Lender in trust

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                           as collateral. At such time as all principal amount
                           of the note has been paid or converted into common
                           stock, any remaining Collateral Shares will be
                           returned to Borrower and cancelled.
                  c        In the event Borrower shall in any material respect
                           not perform its obligations under this agreement, the
                           Collateral Shares as determined by (a) above which
                           are held or issuable to Lender may be converted into
                           shares owned by Lender, and Lender will then be free
                           to sell, hypothecate or otherwise obtain value from
                           such shares to offset the principal amount
                           outstanding under this agreement.

         4        Compensation to Lender. As compensation for the loan, Borrower
                  agrees that Lender will earn SCTN Rule 144 Stock on the first
                  business day of each subsequent month during which the Loan
                  remains unpaid for any portion of the month computed to be a
                  number of shares equal to ___% of the principal amount, which
                  remained unpaid at the end of the previous month, divided by a
                  price equal to the lesser of (i) the then market price per
                  share or (ii) $_____.

         5        Notice of Repayment and Conversion Provisions.

                  a        Borrower will notify Lender in writing, not later
                           than 10 days prior to the intended repayment date
                           (the intended repayment date is referred to as the
                           "Redemption Date"), of its intention to repay all or
                           any portion of the Principal Amount of the Note.
                  b        If Borrower issues a notice regarding repayment of
                           Principal pursuant to (a) above and Lender notifies
                           of his intention to convert such portion of the
                           Principal Amount into common stock prior to the
                           Redemption Date, the Principal Amount noticed for
                           repayment will be converted into Rule 144 Stock based
                           on the Conversion Price (see below). The maximum
                           number of shares which can be converted from
                           principal shall be called ( the "Conversion Shares").
                  c        In the event Lender does not elect conversion of
                           principal into common stock, the Borrower will have
                           the right to repay in full the amount of principal
                           noticed for redemption provided such payment has been
                           made on or prior to the Redemption Date.
                  d        The Conversion Price. The conversion of principal
                           into common stock will be computed on the basis of
                           $.366 per share. Shares so computed will be rounded
                           to the nearest whole share.

         6        Reports and Notices. Borrower has provided to Lender and
                  Lender acknowledges receipt of copies of all reports filed
                  with the Securities and Exchange Commission (the "SEC") or
                  circulated generally to its shareholders, in addition to:

                  a        A copy of Borrower's business plan summary dated
                           ______________.

                  b        Borrower will provide Lender all future reports filed
                           with the SEC on a timely basis.

         7        Declaration of Accredited Investor Status. Lender will sign
                  certificates in the form attached stating his declaration and
                  his awareness of the materials and information described
                  therein as set forth in item (4) above.

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C        Signatures. The parties hereto by the signatures below indicate their
         acceptance of and agreement to the terms of this agreement.

SCTN                                                 Lender

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by                                                   by
Its


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