Document:

Exhibit 10.11

                                 COMWORXX, INC.

                        THIS WARRANT IS NON-TRANSFERABLE.

              THE SHARES OF COMMON STOCK ISSUABLE UPON THE EXERCISE
              OF THIS WARRANT ARE TRANSFERABLE ONLY IN ACCORDANCE
               WITH AND SUBJECT TO THE PROVISIONS OF THAT CERTAIN
                   AMENDED AND RESTATED SHAREHOLDER AGREEMENT
             BETWEEN COMROAD AG AND INTELLIWORXX, INC., DATED AS OF
                 THE DATE HEREOF, AS AMENDED FROM TIME TO TIME.

            Void after 5:00 P.M., New York Time, on December 31, 2001

                               Warrant to Purchase
                                1,000,000 Shares
                                 of Common Stock

                        WARRANT TO PURCHASE COMMON STOCK

This is to Certify That, FOR CONSIDERATION OF $100 AND OTHER VALUABLE
CONSIDERATION, Intelliworxx, Inc., a Florida corporation having an office at
1819 Main Street, Suite 1101, Sarasota, FL 34236 (the "Holder"), is entitled to
purchase, subject to the provisions of this Warrant, from Comworxx, Inc., a
Florida corporation having an office at 1819 Main Street, Suite 1101 Sarasota,
FL 34236 (the "Company"), 1,000,000 shares (the "Warrant Shares") of the
Company's Common Stock, no par value ("Common Stock") at a price of $1.00 per
share at any time on or after January 16, 2001 until 5:00 P.M. New York Time, on
December 31, 2001. The number of shares of Common Stock to be received upon the
exercise of this Warrant and the price to be paid for a share of Common Stock
may be adjusted from time to time as hereinafter set forth. The shares of Common
Stock deliverable upon such exercise, and as adjusted from time to time, are
hereinafter sometimes referred to as "Warrant Shares" and the exercise price of
a share of Common Stock in effect at any time and as adjusted from time to time
is hereinafter sometimes referred to as the "Exercise Price."

A.   EXERCISE OF WARRANT. Subject to the following conditions precedent and the
     provisions of Section H hereof, this Warrant may be exercised in whole only
     at any time or from time to time on or after January 16, 2001, and before
     5:00 P.M. New York Time on December 31, 2001, or, if either such day is a
     day on which banking institutions are authorized by law to close, then on
     the next succeeding day which shall not be such a day, by presentation and
     surrender hereof to the Company at any office maintained by it in Sarasota,
     Florida, or at the office of its Warrant Agent, if any, with the Purchase
     Form annexed hereto duly executed and accompanied by payment of
     US$1,000,000.00 in immediately available funds (the "Purchase Price"). This
     Warrant may be exercised in whole only. Upon receipt by the Company of this

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     Warrant at its office, or by the Warrant Agent of the Company at its
     office, in proper form for exercise, and upon receipt by the Company of the
     Purchase Price, the Holder shall be deemed to be the holder of record of
     the Warrant Shares issuable upon such exercise, notwithstanding that the
     stock transfer books of the Company shall then be closed or that a
     certificate representing such Warrant Shares shall not then be actually
     delivered to the Holder.

B.   RESERVATION OF SHARES. The Company hereby agrees that at all times prior to
     the expiration of this Warrant by exercise or by its terms, there shall be
     reserved for issuance and/or delivery upon exercise of this Warrant such
     number of shares of its Common Stock as shall be required for issuance or
     delivery upon exercise of this Warrant.

C.   FRACTIONAL SHARES. No fractional shares or scrip representing fractional
     shares shall be issued upon the exercise of this Warrant. With respect to
     any fraction of a share called for upon exercise hereof, the Company shall
     issue to the Holder the next whole share.

D.   REPLACEMENT OF WARRANT. Upon receipt by the Company of evidence reasonably
     satisfactory to it of the loss, theft, destruction, or mutilation of this
     Warrant, and (in the case of loss, theft or destruction) upon delivery of
     an indemnity agreement in a form reasonably satisfactory to the Company, or
     (in the case of mutilation) upon surrender and cancellation of this
     Warrant, the Company will execute and deliver, in lieu thereof, a new
     Warrant of like tenor and date; provided, in the case of mutilation, no
     indemnity shall be required if this Warrant in identifiable form is
     surrendered to the Company for cancellation.

E.   RIGHTS OF THE HOLDER. The Holder shall not, by virtue hereof, be entitled
     to any rights of a shareholder in the Company with respect to the Warrant
     Shares, either at law or equity, and the rights of the Holder are limited
     to those expressed in the Warrant and are not enforceable against the
     Company except to the extent set forth herein.

F.   STOCK DIVIDENDS, RECLASSIFICATION, REORGANIZATION, ANTI-DILUTION
     PROVISIONS, ETC. This Warrant is subject to the following further
     provisions:

     1.   In case, prior to the expiration of this Warrant by exercise or by its
          terms, the Company shall issue any shares of its Common Stock as a
          stock dividend or subdivide the number of outstanding shares of Common
          Stock into a greater number of shares, then, in either of such cases,
          the Exercise Price per share of the Warrant Shares purchasable
          pursuant to this Warrant in effect at the time of such action shall be
          proportionately reduced and the number of Warrant Shares at that time
          purchasable pursuant to this Warrant shall be proportionately
          increased; and conversely, in the event the Company shall contract the
          number of outstanding shares of Common Stock by combining such shares
          into a smaller number of shares, then, in such case, the Exercise
          Price per share of the Warrant Shares purchasable pursuant to this

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<PAGE>

          Warrant in effect at the time of such action shall be proportionately
          increased and the number of Warrant Shares at that time purchasable
          pursuant to this Warrant shall be proportionately decreased. Any
          dividend paid or distributed upon the Common Stock in stock of any
          other class of securities convertible into shares of Common Stock
          shall be treated as a dividend paid in Common Stock to the extent that
          shares of Common Stock are issuable upon the conversion thereof.

     2.   In case, prior to the expiration of this Warrant by exercise or by its
          terms, the Company shall be recapitalized by reclassifying its
          outstanding Common Stock, no par value, into stock with a different
          par value or by changing its outstanding Common Stock with par value
          to stock without par, the Company or a successor corporation shall be
          consolidated or merge with or convey all or substantially all of its
          or of any successor corporation's property and assets to any other
          corporation or corporations (any such corporation being included
          within the meaning of the term successor corporation in the event of
          any consolidation or merger of any such corporation with, or the sale
          of all or substantially all of the property of any such corporation
          to, another corporation or corporations), in exchange for stock or
          securities of a successor corporation, the Holder of this Warrant
          shall thereafter have the right to purchase upon the terms and
          conditions and during the time specified in this Warrant, in lieu of
          the Warrant Shares theretofore purchasable upon the exercise of this
          Warrant, the kind and amount of shares of stock and other securities
          receivable upon such recapitalization or consolidation, merger or
          conveyance by a holder of the number of shares of Common Stock which
          the Holder might have purchased immediately prior to such
          recapitalization or consolidation, merger or conveyance.

     3.   Upon the occurrence of each event requiring an adjustment of the
          Exercise Price and of the number of Warrant Shares purchasable at such
          adjusted Exercise Price by reason of such event in accordance with the
          provisions of this Section F, the Company shall compute the adjusted
          Exercise Price and the adjusted number of Warrant Shares purchasable
          at such adjusted Exercise Price by reason of such event in accordance
          with the provisions of this Section F and shall prepare a certificate
          setting forth such adjusted Exercise Price and the adjusted number of
          Warrant Shares and showing in detail the facts upon which such
          conclusions are based. The Company shall mail forthwith to the Holder
          a copy of such certificate, and thereafter said certificate shall be
          conclusive and shall be binding upon the Holder unless contested by
          the Holder by written notice to the Company within thirty (30) days
          after receipt of the certificate.

                                       3

<PAGE>

     4.   In case:

          (a)  the Company shall take a record of the holders of its Common
               Stock for the purpose of entitling them to receive a dividend or
               any other distribution in respect of the Common Stock (including
               cash), pursuant to without limitation, any spin-off, split-off or
               distribution of the Company's assets; or

          (b)  the Company shall take a record of the holders of its Common
               Stock for the purpose of entitling them to subscribe for or
               purchase any shares of stock of any class or to receive any other
               rights; or

          (c)  of any classification, reclassification or other reorganization
               of the capital stock of the Company, consolidation or merger of
               the Company with or into another corporation, or conveyance of
               all or substantially all of the assets of the Company; or

          (d)  of the voluntary or involuntary dissolution, liquidation or
               winding up of the Company;

          then, and in any such case, the Company shall mail to the Holder, at
          least ten (10) days prior thereto, a notice stating the date or
          expected date on which a record is to be taken for the purpose of such
          dividend or distribution of rights, or the date on which such
          classification, reclassification, reorganization, consolidation,
          merger, conveyance, dissolution, liquidation, or winding up is to take
          place, as the case may be. Such notice shall also specify the date or
          expected date, if any is to be fixed, as of which holders of Common
          Stock of record shall be entitled to participate in said dividend or
          distribution of rights, or shall be entitled to exchange their shares
          of Common stock for securities or other property deliverable upon such
          classification, reclassification, reorganization, consolidation,
          merger, conveyance, dissolution, liquidation, or winding up, as the
          case may be. The failure to give such notice shall not affect the
          validity of any such proceeding or transaction and shall not affect
          the right of the Holder to participate in said dividend, distribution
          of rights, or any such exchange and acquire the kind and amount of
          cash, securities or other property as the Holder would have been
          entitled to acquire if it was the record holder of the Warrant Shares
          which could be obtained upon the exercise of the Warrant immediately
          before such proceeding or transaction; provided that, the Holder
          exercises the Warrant within 10 days after discovery that such action
          or proceeding has taken place.

G.   OFFICER'S CERTIFICATE. Whenever the Exercise Price shall be adjusted as
     required by the provisions of the foregoing Section, the Company shall
     forthwith file in the custody of its Secretary at its principal office and
     with the Warrant Agent, if any, an officer's certificate showing the
     adjusted Exercise Price determined as therein provided, setting forth in

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<PAGE>

     reasonable detail the facts requiring such adjustment, including a
     statement of the number of additional shares of Common Stock, if any, the
     consideration for such shares, determined as provided in Section F, and
     such other facts as shall be necessary to show the reason for and the
     manner of computing such adjustment. Each such officer's certificate shall
     be made available at all reasonable times for inspection by the Holder and
     the Company shall, forthwith after each such adjustment, mail a copy of
     such certificate to the Holder.

H.   NON-TRANSFERABILITY; COMPLIANCE WITH THE SECURITIES ACT OF 1933. This
     Warrant is non-transferable. The Warrant Shares may be transferred only in
     accordance with and subject to that certain Amended and Restated
     Shareholder Agreement between ComRoad AG and Intelliworxx, Inc., dated as
     of the date hereof, as amended from time to time. In addition and without
     limiting the foregoing transfer restriction, any security issued upon
     exercise of this Warrant may not be sold or otherwise disposed of except as
     follows:

     1.   to a person who, in the opinion of counsel reasonably satisfactory to
          the Company, is a person to whom such security may legally be
          transferred without registration and without the delivery of a current
          prospectus under the Securities Act of 1933, as amended (the "Act")
          with respect thereto and then only against receipt of an agreement of
          such person to comply with the provisions of this Section H with
          respect to any resale or other disposition of such security; or

     2.   to any person upon delivery of a prospectus then meeting the
          requirements of the Act relating to such security and the offering
          thereof for such sale or disposition.

I.   REPRESENTATIONS AND WARRANTIES OF THE COMPANY.

     The Company represents and warrants to the Holder as follows:

     1.   The Company is duly organized and, as of the date of the original
          issuance hereof, validly existing and in good standing under the laws
          of the State of Florida.

     2.   The Company shall at all times, prior to the expiration of this
          Warrant by exercise or by its terms, reserve and keep available out of
          its authorized shares of Common Stock, solely for the purpose of
          issuing Warrant Shares upon the exercise of this Warrant, such shares
          as may be issuable upon the exercise hereof.

     3.   Warrant Shares, when issued and paid for in accordance with the terms
          of this Warrant, will be fully paid and not assessable.

     4.   This Warrant has been duly authorized and approved by all required
          corporate actions by the Company and does not violate the certificate
          of incorporation or by-laws of the Company.

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J.   MISCELLANEOUS

     1.   Mailing of Notices, etc. All notices and other communications from the
          Company to the Holder of this Warrant shall be given in person, by
          first-class certified or registered mail, postage prepaid, by air
          freight delivery, courier or by means of facsimile or other wire
          transmission (with request for assurance of receipt in a manner
          typical with respect to communications of that type) to the Holder's
          address set forth above or such other address as shall be furnished in
          writing by the Holder in accordance with this Section J1. All notices
          and other communications from the Holder of this Warrant or in
          connection herewith to the Company shall be given in any of the ways
          set forth above to the Company at its principal office set forth
          above. If the Company should at any time change the location of its
          principal office, it shall give prompt written notice to the Holder of
          this Warrant and thereafter all references in this Warrant to the
          location of its principal office at the particular time shall be as so
          specified in such notice.

     2.   Change or Waiver. Any term of this Warrant may be changed or waived
          only by an instrument in writing signed by the party against which
          enforcement of the change or waiver is sought.

     3.   Headings. The headings in this Warrant are for purposes of reference
          only and shall not limit or otherwise affect the meaning of any
          provision of this Warrant.

     4.   Attorneys' Fees. In any litigation, arbitration or court proceeding
          between the Company and the Holder relating hereto, the prevailing
          party shall be entitled to reasonable attorneys' fees and expenses
          incurred.

     5.   Governing Law. THIS WARRANT SHALL BE GOVERNED BY AND CONSTRUED IN
          ACCORDANCE WITH THE LAWS OF THE STATE OF FLORIDA.

     6.   Accredited Investor. The Holder hereby, by the acceptance of this
          Warrant, represents and warrants that it is an "Accredited Investor,"
          as such term is defined in Regulation D under the Securities Act of
          1933, as amended.

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     IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed
by its duly authorized officer and attested by its Secretary or Assistant
Secretary.

Dated:  January 16, 2001
                                            COMWORXX, INC.

                                            By:  /s/  Michael P. Jonas
                                               --------------------------------
                                                      Michael P. Jonas,
                                                      President

(Corporate Seal)

ATTEST:

/s/ Donald R. Mastropietro
-----------------------------
Secretary

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<PAGE>

                                  PURCHASE FORM
                                 TO BE EXECUTED
                            UPON EXERCISE OF WARRANT

TO:      Comworxx, Inc.
         1819 Main Street, Suite 1101
         Sarasota, FL  34236

         The undersigned hereby exercises, according to the terms and conditions
thereof, the right to purchase _____________ Shares of Common Stock, evidenced
by the within Warrant Certificate, and herewith makes payment of the Purchase
Price (as defined in the Warrant Certificate) in full.

         Dated:                     , 2001
               ---------------------

         INTELLIWORXX, INC.

         By:
            -------------------------------------
         Name:
         Title:

         SIMULTANEOUSLY  WITH  THE  EXERCISE  OF THIS  WARRANT,  PAYMENT  OF THE
PURCHASE PRICE SHALL BE MADE TO THE ORDER OF COMWORXX, INC.

                                       8Exhibit 10.12

                               INTELLIWORXX, INC.

                        10% SUBORDINATED CONVERTIBLE NOTE
                                DUE APRIL 1, 2002

Number:          -2-
        ----------------------------

Principal : $250,000.00
            ------------------------

Original Issue Date:  March  28, 2001
                      ----------------------

Registered Holder:    JTE Finance, on behalf of its clients
                      -------------------------------------
                                     (name)

     Intelliworxx, Inc., a Florida corporation (the "Company") with principal
offices at 1819 Main Street, Suite 1101, Sarasota, FL 34236, for value received,
hereby promises to pay the registered holder hereof (the "Holder") the principal
sum set forth above on April 1, 2002 (the "Maturity Date"), in such coin or
currency of the United States of America as at the time of payment shall be the
legal tender for the payment of public and private debts, and to pay interest,
less any amounts required by law to be deducted or withheld, computed on the
basis of a 365-day year, on the unpaid principal balance hereof from the date
hereof (the "Original Issue Date"), at the rate of 10% per year, until such
principal sum shall have become due and payable, or has been converted by the
Holder pursuant to Section 5, below. Interest payments will be made at the
option of the Holder in either cash or in such number of shares of the Company's
common stock, no par value ("Common Stock"), computed in accordance with Section
4.2 below and shall be paid, on Maturity, or if the principal of the Note is
earlier converted, upon conversion pursuant to Section 5, below. All references
herein to dollar amounts refers to U.S. dollars.

     By acceptance and purchase of this Note, the registered holder hereof
agrees with the Company that the Note shall be subject to the following terms
and conditions:

     1. Authorization of Notes. The Company has authorized the issue and sale of
its 10% Subordinated Convertible Note due April 1, 2002 (the "Note," such term
includes any notes which may be issued in exchange or in replacement thereof) in
the aggregate principal amount of not more than U.S. $500,000.

     2. Transfer or Exchange. Prior to due presentation to the Company for
transfer of this Note, the Company and any agent of the Company may treat the
person in whose name this Note is duly registered on the Company's Note Register
as the owner hereof for the purpose of receiving payment as herein provided and
for all other purposes.

     3. Option to Convert Principal and Interest into Equity Securities. The
Company has disclosed to Holder, and Holder acknowledges, that the Company
intends to offer securities of the Company (which may consist of voting stock or
other securities convertible into Common Stock or warrants to obtain the Common
Stock; hereafter, collectively, "Equity Securities") for sale to one or more
investors pursuant to a private offering which the Company expects to complete

<PAGE>

within twelve months from the date of this Note. The Company hereby agrees not
to complete such an offering of Equity Securities without first offering to
Holder the opportunity to convert all or a portion of the total indebtedness
under this Note (principal and all accrued interest hereafter "Total
Indebtedness") to the purchase of such Equity Securities upon the same terms
offered to other investors. The Company shall give notice to Holder prior to any
such sale, which notice shall fully disclose the material terms thereof, and
Holder shall have a prior right and option for ten (10) days following receipt
of such notice to convert all or any portion of the Total Indebtedness to the
purchase of a portion of the Equity Securities.

     4.   Prepayment or Put of Note; Payment of Interest in Shares.

          4.1 Optional Prepayment of Note. The Company may prepay the Note at
any time without penalty or premium.

          4.2 Payment of Interest in Shares. At the Maturity Date, the Company
will issue to the Holder, at the Holder's option, in lieu of cash interest,
shares of Common Stock calculated in accordance with the following formula (the
"Conversion Rate"):

          Interest Shares = (.10 x *Principal) / Conversion Price, where

          *Principal = the Principal Amount of the Note, and

          *Conversion Price = $.70

     5.   Conversion of Notes.

          5.1 Conversion of the Note.

          (a)  Right to Convert. The record holder of this Note shall be
               entitled, on or after the Date of Original Issuance, at the
               option of the Holder, to convert this Note, in whole but not in
               part, into the number of fully-paid and non-assessable shares of
               Common Stock determined as follows:

               Number of shares issued upon conversion = (Principal + Interest)
               / Conversion Price, where:

               *Principal = the principal amount of the Note(s) to be converted;

               *Interest = the principal x (N/365) x .10 - (Interest paid prior
               to the Date of Conversion), where N = the number of days between
               (i) the Original Issuance Date and (ii) the applicable Date of
               Conversion for the Note for which conversion is being elected
               (including such date of issuance but excluding such date of
               conversion); and

               *Conversion Price = $.70.

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<PAGE>

          5.2 Exercise of Conversion Privilege. In order to exercise the
conversion privilege, the Holder shall surrender such Note, together with the
Notice of Conversion annexed hereto as Exhibit 1 appropriately endorsed to the
Company at its principal office, accompanied by written notice to the Company
(a) stating that the Holder elects to convert the Note or a portion thereof, and
if a portion, the amount of such portion in multiples of $1,000 in principal
amount, and (b) setting forth the name or names (with address) in which the
certificate or certificates for shares of Common Stock issuable upon such
conversion shall be issued. Provided the Note is received properly endorsed
promptly by the Company, the date of conversion of such Note shall be deemed to
be the date of receipt of Notice of Conversion, even if the Company's stock
transfer books are at that time closed, and the converting Holder shall be
deemed to have become, on the date of conversion, the record holder of the
shares of Common Stock deliverable upon such conversion. If the Note is not
received, properly endorsed by the fifth business day following the date the
Company receives Notice of Conversion, the date of conversion shall be deemed to
be the date the Note is received, provided that such later receipt will not
lower the Conversion Price stated in the Notice of Conversion.

          As soon as reasonably possible after the date of conversion, the
Company shall issue and deliver to such converting Holder a certificate or
certificates for the number of shares of Common Stock due on such conversion. No
adjustments in respect of interest or cash dividends shall be made upon the
conversion of any Note or Notes.

          Upon conversion of the Note in part, the Company shall execute and
deliver to the Holder thereof, at the expense of the Company, a new Note, in
aggregate principal amount equal to the unconverted portion of such Note. such
new Note shall have the same terms and provisions other than the principal
amount as the Note or Notes surrendered for conversion.

          5.3 Duration of Conversion Privilege. The right to subscribe for and
purchase shares of Common Stock pursuant to the conversion privilege granted
herein shall commence on the Original Issue Date and shall expire at 5:00 p.m.,
New York time on April 1, 2002.

          5.4 Stock Fully Paid; Restricted. The Company covenants and agrees
          that:

          (a)  all shares which may be issued upon the exercise of the
               conversion privilege granted herein will, upon issuance in
               accordance with the terms hereof, be fully paid, nonassessable,
               and free from all taxes, liens and charges (except for taxes, if
               any, upon the income of the Holder) with respect to the issue
               thereof, and that the issuance thereof shall not give rise to any
               preemptive rights on the part of the stockholders;

          (b)  the failure of the Company to issue shares upon the conversion of
               the Note will cause the holder immediate irreparable harm.

          5.5  Antidilution Provisions. The following provisions apply to the
               Note:

          (a)  In case the Company shall (i) pay a dividend or make a
               distribution in shares of Common Stock, (ii) subdivide its
               outstanding shares of Common Stock into a greater number of
               shares of Common Stock, (iii) combine its outstanding shares of
               Common Stock into a smaller number of shares of Common Stock,

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<PAGE>

               (iv) make a distribution on its Common Stock in shares of its
               capital stock other than Common Stock, or (v) issue by
               reclassification of its Common Stock other securities of the
               Company, the conversion privilege of the Note and the Conversion
               Price then in effect immediately prior thereto shall be adjusted
               so that the Holder shall be entitled to receive the kind and
               number of shares of Common Stock and other securities of the
               Company which it would have owned or would have been entitled to
               receive after the happening of any of the events described above,
               had the Note been converted immediately prior to the happening of
               such event or any record date with respect thereto. Any
               adjustment made pursuant to this paragraph (a) shall become
               effective immediately after the effective date of such event
               retroactive to the record date, if any, for such event.

          (b)  In case the Company shall issue rights, options, warrants or
               convertible securities to all holders of its Common stock,
               without any charge to such holders, entitling them to subscribe
               for or to purchase shares of Common Stock at a price per share
               which is lower at the record date mentioned below than the then
               current Conversion Price, the Conversion Price thereafter shall
               be determined by multiplying the then current conversion Price by
               a fraction (but in no event greater than 1), of which the
               denominator shall be (i) the number of shares of the common stock
               outstanding immediately prior to the issuance of such rights,
               options, warrants or convertible securities plus (ii) the number
               of additional shares of Common Stock offered for subscription or
               purchase, and of which the numerator shall be (x) the number of
               shares of Common Stock outstanding immediately prior to the
               issuance of such rights, options, warrants or convertible
               securities plus (y) the number of shares which the aggregate
               offering price of the total number of shares offered would
               convert at the higher of the then current Market Price, or then
               current Conversion Price. Such adjustment shall be made whenever
               such rights, options, warrants or convertible securities are
               issued, and shall become effective immediately and retroactively
               after the record date for the determination of stockholders
               entitled to receive such rights, options, warrants or convertible
               securities.

          (c)  In case the Company shall distribute to all holders of its shares
               of Common Stock (i) debt securities or other evidences of its
               indebtedness which are not convertible into Common Stock or (ii)
               assets (excluding cash dividends or distributions out of
               earnings), then the Conversion Price shall be determined by
               dividing the then current Conversion Price by a fraction, of
               which the numerator shall be the higher of the then current
               Market Price, or the Conversion Price on the date of such
               distribution, and of which the denominator shall be such Current
               Market Price, or such Conversion Price on such date minus the
               then fair value of the portion of the assets or evidences of
               indebtedness so distributed applicable to one share of Common
               Stock. Such adjustment shall be made whenever any such
               distribution is made and shall become effective on the date of
               distribution retroactive to the record date for the determination

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<PAGE>

               of stockholders entitled to receive such distribution. The fair
               value of such assets shall be determined in good faith by the
               Board of Directors of the Company.

          (d)  To the extent not covered by paragraphs (b) or (c) hereof, in
               case the Company shall sell or issue shares of Common Stock, or
               rights, options, warrants or convertible securities containing
               the right to subscribe for or purchase shares of Common Stock, at
               a price per share (determined, in the case of such rights,
               options, warrants or convertible securities, by dividing (i) the
               total amount received or receivable by the Company in
               consideration of the sale or issuance of such rights, options,
               warrants or convertible securities, plus the total consideration
               payable to the Company upon exercise or conversion thereof, by
               (ii) the total number of shares covered by such rights, options,
               warrants or convertible securities) lower than the Conversion
               Price in effect immediately prior to such sale or issuance, then
               the Conversion Price shall be reduced to a price (calculated to
               the nearest cent) determined by dividing (I) an amount equal to
               the Conversion Price multiplied by the sum of (A) the number of
               shares of Common stock outstanding immediately prior to such sale
               or issuance plus (B) the number of shares which could have been
               purchased at the Conversion Price with the consideration received
               by the Company upon such sale or issuance by (II) the total
               number of shares of Common Stock outstanding immediately after
               such sale or issuance. For the purposes of such adjustments, the
               shares of Common Stock, which the holders of any such rights,
               options, warrants or convertible securities shall be entitled to
               subscribe for or purchase, shall be deemed issued and outstanding
               as of the date of such sale or issuance and the consideration
               received by the Company therefor shall be deemed to be the
               consideration received by the Company for such rights, options,
               warrants or convertible securities, plus the consideration or
               premiums stated in such rights, options, warrants or convertible
               securities to be paid for the shares of Common Stock covered
               thereby. In case the Company shall sell or issue shares of Common
               Stock, or rights, options, warrants or convertible securities
               containing the right to subscribe or purchase shares of Common
               Stock for a consideration consisting, in whole or in part, of
               property other than cash or its equivalent, then in determining
               the "price per share" of shares of Common Stock, any underwriting
               discounts or commissions shall not be deducted from the price
               received by the Company for sales of securities registered under
               the Act.

          (e)  No adjustment in the Conversion Price shall be required in the
               following events:

               (i)  If the amount of such adjustment would be less than $.05 per
                    share; provided, however, that any adjustment which by
                    reason of this paragraph 5.5(e)(i) is not required to be
                    made immediately shall be carried forward and taken into
                    account in any subsequent adjustment; or

                                       5

<PAGE>

               (ii) The issuance of options under the Company's existing stock
                    option plans and future stock option plans approved by the
                    Company's shareholders.

          (f)  When the number of shares of Common Stock or the Conversion Price
               is adjusted as herein provided, the Company shall cause to be
               promptly mailed to the Holder by first class mail, postage
               prepaid, notice of such adjustment or adjustments and a
               certificate of a firm of independent public accountants selected
               by the Board of Directors of the Company (who may be the regular
               accountants employed by the Company) setting forth the number of
               shares of Common Stock and the Conversion Price after such
               adjustment, a brief statement of the facts requiring such
               adjustment and the computation by which such adjustment was made.

          (g)  For the purpose of this Section 5.5, the following shall apply:

               (i)  The term "Common Stock" shall mean (A) the class of stock
                    designated as the Common Stock of the Company at the date of
                    this Note or (B) any other class of stock resulting from
                    successive changes or reclassification of such Common Stock
                    consisting solely of changes in par value, or from par value
                    to no par value, or from no par value to par value. In the
                    event that at any time, as a result of an adjustment made
                    pursuant to this Section 5.5, the Holder shall become
                    entitled to receive any securities upon conversion of the
                    Company other than shares of Common Stock thereafter the
                    number of such other securities and the Conversion Price of
                    such securities shall be subject to adjustment from time to
                    time in a manner and on terms as nearly equivalent as
                    practicable to the provisions with respect to the Common
                    Stock contained in this Section 5.5.

               (ii) If the Common Stock is traded on a securities exchange or
                    over the counter, the "Current Market Price" for purposes of
                    this Section 5.5 shall mean the average of the Current
                    Market Prices for the five consecutive trading days
                    immediate1y prior to the date of the event which
                    necessitates an adjustment to the Conversion Price.

          (h)  Upon the expiration of any unexercised rights, options, warrants
               or conversion privileges, the Conversion Price shall be
               readjusted and shall thereafter be such as it would have been had
               it been originally adjusted (or had the original adjustment not
               been required, as the case may be) on the basis of (i) the fact
               that the only shares of Common Stock so issued were the shares of
               Common Stock, if any, actually issued or sold upon the exercise
               of such rights, options, warrants or conversion rights and (ii)
               the fact that such shares of Common Stock, if any, were issued or
               sold for the consideration actually received by the Company upon
               such exercise plus the consideration, if any, actually received
               by the Company for the issuance, sale or grant of all such
               rights, options, warrants or conversion rights whether or not

                                       6

<PAGE>

               exercised; provided. however, that no such readjustment shall
               have the effect of increasing the Conversion Price by an amount
               in excess of the amount of the adjustment initially made in
               respect of the issuance, sale or grant of such rights, options,
               warrants or conversion privileges.

          5.6 No Adjustment for Dividends. Except as provided in Section 5.5, no
adjustment in respect to any dividends paid shall be made during the term of the
Note or upon the exercise of the Note.

          5.7 Preservation of Purchase Rights Upon Reclassification
Consolidation. etc. In the case of any consolidation of the Company with or
merger of the Company into another corporation or in the case of any sale or
conveyance to another corporation of all or substantially all of the property,
assets or business of the Company, the Company or such successor or purchasing
corporation, as the case may be, shall provide that the Holder shall have the
right thereafter upon payment of the Conversion Price in effect immediately
prior to such action to purchase upon conversion of the Note the kind and amount
of shares and other securities and property which the Holder would have owned or
have been entitled to receive after the happening of such consolidation, merger,
sale or conveyance had the Note been converted immediately prior to such action.
such agreement shall provide for adjustments, which shall be as nearly
equivalent as may be practicable to the adjustments provided for in this Section
5. The provisions of this Section 5.7 shall similarly apply to successive
consolidations, mergers, sales or conveyances.

          5.8 Par Value of Common Stock. Before taking any action which would
cause an adjustment reducing the Conversion Price below the then par value of
the shares of Common Stock issuable upon conversion of the Note, the Company
will take any corporate action which may, in the opinion of its counsel, be
necessary in order that the Company may validly and legally issue fully paid and
nonassessable shares of Common Stock at such adjusted Conversion Price.

          5.9 Statement on Note Certificates. Irrespective of any adjustments in
the Conversion Price or the number of securities convertible, this Note
certificate or any certificates hereafter issued may continue to express the
same price and number of securities as are stated in this Note certificate.
However, the Company may at any time in its sole discretion (which shall be
conclusive) make any change in the form of the Note certificate that it may deem
appropriate and that does not affect the substance thereof; and any Note
certificate thereafter issued, whether upon registration or transfer of, or in
exchange or substitution for, an outstanding Note certificate, may be in the
form so changed.

          6. Restrictions on Transferability. The Note and the Common Stock
issuable upon conversion of the Note shall not be transferred, hypothecated or
assigned before satisfaction of the conditions specified in this Section 6,
which conditions are intended to ensure compliance with the provisions of the
Securities Act with respect to the Transfer of any Note or any Common Stock
issuable upon conversion of the Note. Holder, by acceptance of this Note, agrees
to be bound by the provisions of this Section 6.

          6.1 Restrictive Legend. The Holder by accepting this Note and any
Common Stock issuable upon conversion of the Note agrees that this Note and the
Common Stock issuable upon conversion hereof may not be assigned or otherwise

                                       7

<PAGE>

transferred unless and until (i) the Company has received an opinion of counsel
for the Holder that such securities may be sold pursuant to an exemption from
registration under the Securities Act or (ii) a registration statement relating
to such securities has been filed by the Company and declared effective by the
Commission.

          (a)  Each certificate for Common Stock issuable hereunder shall bear a
               legend substantially worded as follows unless such securities
               have been sold pursuant to an effective registration statement
               under the Securities Act:

               "The securities represented by this certificate have not been
               registered under the Securities Act of 1933, as amended (the
               "Act") or any state securities laws. The securities may not be
               offered for sale, sold, assigned, offered, transferred or
               otherwise distributed for value except (i) pursuant to an
               effective registration statement under the Act or any state
               securities laws or (ii) pursuant to an exemption from
               registration or prospectus delivery requirements under the Act or
               any state securities laws in respect of which the Company has
               received an opinion of counsel satisfactory to the Company to
               such effect."

          (b)  Except as otherwise provided in this Section 6, the Note shall be
               stamped or otherwise imprinted with a legend in substantially the
               following form:

               "This Note and the securities represented hereby have not been
               registered under the Securities Act of 1933, as amended, or any
               state securities laws and may not be transferred in violation of
               such Act, the rules and regulations thereunder or any state
               securities laws or the provisions of this Note."

          6.2 Notice of Proposed Transfers. Prior to any Transfer or attempted
Transfer of any Note or any shares of Restricted Common Stock, the Holder shall
give five (5) days' prior written notice (a "Transfer Notice") to the Company of
Holder's intention to effect such Transfer, describing the manner and
circumstances of the proposed Transfer, and obtain from counsel to Holder an
opinion that the proposed Transfer of such Note or such Restricted Common Stock
may be effected without registration under the Securities Act or state
securities laws. After the Company's receipt of the Transfer Notice and opinion,
such Holder shall thereupon be entitled to Transfer such Note or such Restricted
Common Stock, in accordance with the terms of the Transfer Notice. Each
certificate, if any, evidencing such shares of Restricted Common Stock issued
upon such Transfer and the Note issued upon such Transfer shall bear the
restrictive legends set forth in Section 6.1, unless in the opinion of such
counsel such legend is not required in order to ensure compliance with the
Securities Act.

          6.3 Termination of Restrictions. Notwithstanding the foregoing
provisions of Section 6, the restrictions imposed by this Section upon the
transferability of the Notes, the Common Stock issuable upon conversion and the
Restricted Common Stock (or Common Stock issuable upon the conversion of the
Note) and the legend requirements of Section 6.1 shall terminate as to any
particular Note or Restricted Common Stock (or Common Stock issuable upon the
conversion of the Note) (i) when and so long as such security shall have been

                                       8

<PAGE>

effectively registered under the Securities Act and applicable state securities
laws and disposed of pursuant thereto or (ii) when the Company shall have
received an opinion of counsel that such shares may be transferred without
registration thereof under the Securities Act and applicable state securities
laws. Whenever the restrictions imposed by Section 6 shall terminate as to this
Note, as hereinabove provided, the Holder hereof shall be entitled to receive
from the Company upon written request of the Holder, at the expense of the
Company, a new Note bearing the following legend in place of the restrictive
legend set forth hereon:

          "THE RESTRICTIONS ON TRANSFERABILITY OF THE WITHIN NOTE
          CONTAINED IN SECTION 6 HEREOF TERMINATED ON ___________,
          20__, AND ARE OF NO FURTHER FORCE AND EFFECT."

     All Notes issued upon registration of transfer, division or combination of,
or in substitution for, any Note or entitled to bear such legend shall have a
similar legend endorsed thereon. Whenever the restrictions imposed by this
Section shall terminate as to any share of Restricted Common Stock, as
hereinabove provided, the holder thereof shall be entitled to receive from the
Company, at the Company's expense, a new certificate representing such Common
Stock not bearing the restrictive legends set forth in Section 6.1.

          6.4 Listing on Securities Exchange. If the Company shall list any
shares of Common Stock on any securities exchange, it will, at its expense, list
thereon, maintain and, when necessary, increase such listing of, all shares of
Common Stock issued or, to the extent permissible under the applicable
securities exchange rules, issuable upon the conversion of this Note so long as
any shares of Common Stock shall be so listed during the Exercise Period.

     7. Fractional Shares. No fractional shares of Common Stock will be issued
in connection with any subscription hereunder but in lieu of such fractional
shares, the Company shall make a cash payment therefor equal in amount to the
product of the applicable fraction multiplied by the Conversion Price then in
effect.

     8. Subordination. Any right of the Holder to payment of principal or
interest from the Company shall be subordinated to the claims and rights of the
holders of the Senior Debt ("Senior Debt Holders"). "Senior Debt" means all
Indebtedness of the Company other than the Notes, whether outstanding on the
date of execution of this Note or thereafter created, incurred or assumed,
except (x) any such Indebtedness that by the terms of the instrument or
instruments by which such Indebtedness was created, assumed or incurred
expressly provides that it (i) is junior in right of payment to the Notes or
(ii) ranks pari passu in right of payment with the Notes and (y) any amendments,
modifications or supplements to, or any renewals, extensions, deferrals,
refinancing and refunding of, any of the foregoing. Any cash payment of
principal or interest to the Holder shall be collected, enforced or received by
the Holder as trustee for the Senior Debt Holders and paid over to the Senior
Debt Holders. The Holder agrees that in the event of any payment of principal or
interest by the Company to the Holder by reason of any receivership, insolvency
or bankruptcy proceeding, or proceeding for reorganization or readjustment of
the Company or its properties, or otherwise, then, in any such event, the Senior
Debt Holders shall be preferred in the payment of their claims over the claim of
the Holder to payment of principal or interest against the Company or its
properties, and the claims of the Senior Debt Holders shall be first paid and
satisfied in full before any payment or distribution of any kind or character,

                                       9

<PAGE>

whether in cash or property, shall be made to the Holder. Provided, however,
that this Section 8 shall not apply to any payment of principal or interest made
to the Holder while the Company is solvent and not in default with respect to
its Senior Debt.

     9.  Replacement of Note Certificate. Upon receipt of evidence satisfactory
to the Company of the certificate loss, theft, destruction or mutilation of the
Note certificate and, in the case of any such loss, theft or destruction, upon
delivery of a bond of indemnity satisfactory to the Company, or, in the case of
any such mutilation, upon surrender and cancellation of the Note certificate,
the Company will issue a new Note certificate, of like tenor, in lieu of such
lost, stolen, destroyed or mutilated Note certificate.

     10.  Covenants of the Company. So long as any of the Notes remain
outstanding, the Company shall:

          (a)  At all times keep reserved the total number of shares of Common
               Stock necessary for the conversion of all of the then outstanding
               Notes at the then current Conversion Rate;

          (b)  Not pay any dividends in cash and/or property or other assets of
               the Company in respect of its Common Stock or otherwise; and

          (c)  Not enter into a loan secured by the property and/or assets of
               the Company or any of its subsidiaries with (i) any director,
               officer or 5% stockholder of the Company, (ii) any entity in
               which a director, officer or 5% stockholder has an interest as an
               officer, director, partner, beneficiary of a trust or is a 5% or
               more equity holder of such entity, or (iii) any parent, spouse,
               child or grandchild of an officer, director or 5% stockholder of
               the Company upon terms no less favorable to the Company than
               those which could be obtained from an "arms-length" lender.

     11.  Default. If any of the following events (herein called "Events of
Default") shall occur:

          (a)  if the Company shall default in the payment or prepayment of any
               part of the principal of any of the Notes after the same shall
               become due and payable, whether at maturity or at a date fixed
               for prepayment or by acceleration or otherwise, and such default
               shall continue for more than 30 days; or

          (b)  if the Company shall default in the payment of any installment of
               interest on any of the Notes for more than 30 days after the same
               shall become due and payable; or

          (c)  if the Company shall make an assignment for the benefit of
               creditors or shall be unable to pay its debts as they become due;
               or

          (d)  if the Company shall dissolve; terminate its existence; become
               insolvent on a balance sheet basis; commence a voluntary case
               under the federal bankruptcy laws or under any other federal or

                                       10

<PAGE>

               state law relating to insolvency or debtor's relief; permit the
               entry of a decree or order for relief against the Company in an
               involuntary case under the federal bankruptcy laws or under any
               other applicable federal or state law relating to insolvency or
               debtor's relief; permit the appointment or consent to the
               appointment of a receiver, trustee, or custodian of the Company
               or of any of the Company's property; make an assignment for the
               benefit of creditors; or admit in writing to be failing generally
               to pay its debts as such debts become due; or

          (e)  if the Company shall default in the performance of or compliance
               with any agreement, condition or term contained in this Note or
               any of the other Notes and such default shall not have been cured
               within 30 days after such default; or

          (f)  Any of the representations or warranties made by the Company
               herein, in the Subscription Agreement, or in any certificate or
               financial or other statements heretofore or hereafter furnished
               by or on behalf of the Company in connection with the execution
               and delivery of this Note or the Subscription Agreement shall be
               false or misleading in any material respect at the time made;

then and in any such event the Holder of this Note shall have the option (unless
the default shall have theretofore been cured) by written notice to the Company
to declare the Note to be due and payable, whereupon the Note shall forthwith
mature and become due and payable, at the applicable prepayment price on the
date of such notice, without presentment, demand, protest or further notice of
any kind, all of which are hereby expressly waived, anything contained in this
Note to the contrary notwithstanding. Upon the occurrence of an Event of
Default, the Company shall promptly notify the Holder of this Note in writing
setting out the nature of the default in reasonable detail.

     12.  Remedies on Default; Notice to Other Holders. In case any one or more
of the Events of Default shall occur, the Holder may proceed to protect and
enforce his or her rights by a suit in equity, action at law or other
appropriate proceeding, whether, to the extent permitted by law, for the
specific performance of any agreement of the Company contained herein or in aid
of the exercise of any power granted hereby. If any Holder of one or more of the
Notes shall declare the same due and payable or take any other action against
the Company in respect of an Event of Default, the Company will forthwith give
written notice to the Holder of this Note, specifying such action and the nature
of the default alleged.

     13.  Amendments. With the consent of the Holders of more than 50% in
aggregate principal amount of the Notes at the time outstanding, the Company,
when authorized by a resolution of its Board of Directors, may enter into a
supplementary agreement for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of this Note or of any
supplemental agreement or modifying in any manner the rights and obligations of
the holders of Notes or Common Stock issued upon conversion of the Notes, and of
the Company, provided, however, that no such supplemental agreement shall (a)
extend the fixed maturity of any Note, or reduce the principal amount thereof,

                                       11

<PAGE>

or reduce the rate or extend the time of payment of interest thereon, or alter
or impair the right to convert the same into Common Stock at the rates and upon
the terms provided in this Note, without the consent of the Holder of each of
the Notes so affected, or (b) reduce the aforesaid percentage of Notes, the
Holders of which are required to consent to any supplemental agreement, without
the consent of the Holders of all Notes then outstanding.

     14.  Changes, Waivers. etc. Neither this Note nor any provisions hereof may
be changed, waived, discharged or terminated orally, but only by a statement in
writing signed by the party against which enforcement of the change, waiver,
discharge or termination is sought, except to the extent provided in Section 15
of this Note.

     15.  Entire Agreement. This Note embodies the entire agreement and
understanding between the Holder and the Company and supersedes all prior
agreements and understandings relating to the subject matter hereof.

     16.  Governing Law, Jurisdiction, etc.

          (a)  It is the intention of the parties that the laws of the State of
               Florida shall govern the validity of this Note, the construction
               of its terms and the interpretation of the rights and duties of
               the parties.

          (b)  In the case of any dispute, question, controversy or claim
               arising among the parties hereto which shall arise out of or in
               connection with this Note, the same shall be submitted to
               arbitration before a panel of three arbitrators in Sarasota,
               Florida, in accordance with the rules of the American Arbitration
               Association. One arbitrator shall be appointed by the party or
               parties bringing the claims ("Claimant") and one arbitrator shall
               be appointed by the party or parties defending the claim
               ("Respondent"). The arbitrators selected by such parties shall be
               selected within thirty (30) days after notification by the
               Claimant to the Respondent that it has determined to submit such
               dispute, question, controversy or claim to arbitration. The two
               arbitrators so selected shall select a third arbitrator within
               thirty (30) days after the selection of the arbitrator selected
               by such parties. Should a party fail to select an arbitrator
               within the specified time period, or should the arbitrators
               selected by the parties fail to select a third arbitrator, the
               missing arbitrator or arbitrators shall be appointed by the
               Sarasota, Florida office of the American Arbitration Association.
               The decision of the panel shall be final and binding on the
               parties and enforceable in any court of competent jurisdiction.
               The costs of the arbitration will be imposed upon the Claimant
               and Respondent as determined by the arbitration panel or, failing
               such determination, will be borne equally by the Claimant and the
               Respondent. The successful or prevailing party or parties shall
               be entitled to recover reasonable attorneys fees in addition to
               any other relief to which it may be entitled.

                                       12

<PAGE>

          (c)  In the event of any dispute, question, controversy or claim
               arising among the parties hereto which shall arise out of or in
               connection with this Note, the parties shall keep the proceeding
               related to such controversy in strict confidence and shall not
               disclose the nature of said dispute, the status of the proceeding
               or any testimony, documents or information obtained or exchanged
               in the course of said proceeding without the express written
               consent of all parties to such dispute.

                                            INTELLIWORXX, INC.

[Corporate Seal]

                                            By:  /s/  Christopher J. Floyd
                                               --------------------------------
                                                      Christopher J. Floyd, CFO

Number:                   -2-
         -------------------------------------

Name of Holder:   JTE Finance, on behalf of its clients
                  -------------------------------------

Principal:  $250,000.00
            --------------------------

Original Issue Date:  March  28, 2001
                      ---------------

                                       13

<PAGE>

                                    EXHIBIT 1

                              NOTICE OF CONVERSION

     (To be Executed by the Registered Holder in order to Convert the Note)

     The undersigned hereby irrevocably elects to convert $______________ of the
above Note No. _____ into _________ shares of Common Stock of Intelliworxx, Inc.
(the "Company") according to the conditions set forth in such Note, as of the
date written below.

     The undersigned confirms the representations and warranties set forth in
the Subscription Agreement.

                                    ------------------------------------------
                                    Date of Conversion*

                                    ------------------------------------------
                                    Applicable Conversion Price**

                                    ------------------------------------------
                                    Signature

                                    ------------------------------------------
                                    Name

                                    ------------------------------------------
                                    Address

                                    ------------------------------------------

*The original Note and this Notice of Conversion must be received by the Company
within five business days following the date of Conversion.

                                       14

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