Document:

<PAGE>

                                                                     EXHIBIT 4.4
                                                                     -----------

                          INVESTORS' RIGHTS AGREEMENT
                          ---------------------------

                         (Non-Institutional Investors)
                          ---------------------------

     THIS INVESTORS' RIGHTS AGREEMENT (this "Agreement") is made and entered
into as of August 14, 2000, by and among CYPRESS FINANCIAL SERVICES, INC., a
Nevada corporation (the "Company"), and the persons identified on Schedule A
attached hereto (the "Stockholders").

     The parties hereby agree as follows:

                                   SECTION 1
                                   ---------

                              Registration Rights
                              -------------------

     1.1  Certain Definitions.  As used in this Agreement, the following terms
          -------------------
shall have the meanings set forth below:

          (a) "Commission" shall mean the Securities and Exchange Commission or
any other federal agency at the time administering the Securities Act.

          (b) "Common Stock" shall mean the common stock of the Company, par
value $0.001 per share.

          (c) "Convertible Notes" shall mean those secured convertible
promissory notes of even date herewith issued by the Company to the Stockholders
in an aggregate principal amount of $4,200,000.

          (d) "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended, or any similar successor federal statute and the rules and regulations
thereunder, all as the same shall be in effect from time to time.

          (e) "Holder" shall mean any Stockholder who holds Registrable
Securities and any holder of Registrable Securities to whom the registration
rights conferred by this Agreement have been transferred in compliance with
Section 1.7 hereof.

          (f) "Institutional Investors" shall mean any Persons that hold (i)
shares of Common Stock, convertible preferred stock or debt securities of the
Company, (ii) shares of Common Stock issued upon conversion or exchange of any
preferred stock or debt securities of the Company and (iii) shares of Common
Stock issued as a dividend or other distribution with respect to or in exchange
for or in replacement of the shares referenced in (i) and (ii) above, but shall
not include any Persons that hold the types of securities described in clauses
(i), (ii) or (iii) above if the convertible preferred or convertible debt was
issued as part of the purchase price for an acquisition made by the Company.
<PAGE>

          (g) "Other Shares" shall mean other securities of the Company with
registration rights.

          (h) "Other Stockholders" shall mean Persons other than Holders who, by
virtue of agreements with the Company, are entitled to include their securities
in certain registrations hereunder.

          (i) "Person" shall mean an individual, a corporation, a partnership, a
limited liability company, a trust or unincorporated organization or any other
entity or organization.

          (j) "Registrable Securities" shall mean (i) the Company's Common Stock
held by the Stockholders and other permitted assigns issued upon the conversion
of the Convertible Notes, (ii) the Company's Common Stock held by Cypress and
other permitted assigns issued upon the exercise of the Warrant and (iii) any
Common Stock issued as a dividend or other distribution with respect to or in
exchange for or in replacement of the shares referenced in (i) and (ii) above,
provided, however, that Registrable Securities shall not include any shares of
Common Stock which have previously been registered, which have been sold to the
public, or which have been sold to a transferee in a transaction in which the
transferor's registration rights were not assigned.

          (k) The terms "register," "registered" and "registration" shall refer
to a registration effected by preparing and filing a registration statement in
compliance with the Securities Act and applicable rules and regulations
thereunder, and the declaration or ordering of the effectiveness of such
registration statement.

          (l) "Registration Expenses" shall mean all expenses incurred in
effecting any registration pursuant to this Agreement, including, without
limitation, all registration, qualification, and filing fees, printing expenses,
escrow fees, fees and disbursements of counsel for the Company, blue sky fees
and expenses, and expenses of any regular or special audits incident to or
required by any such registration, but shall not include Selling Expenses and
fees and disbursements of counsel for the Holders (but excluding the
compensation of regular employees of the Company, which shall be paid in any
event by the Company).

          (m) "Rule 144" shall mean Rule 144 as promulgated by the Commission
under the Securities Act, as such Rule may be amended from time to time, or any
similar successor rule that may be promulgated by the Commission.

          (n) "Rule 145" shall mean Rule 145 as promulgated by the Commission
under the Securities Act, as such Rule may be amended from time to time, or any
similar successor rule that may be promulgated by the Commission.

          (o) "Securities Act" shall mean the Securities Act of 1933, as
amended, or any similar successor federal statute and the rules and regulations
thereunder, all as the same shall be in effect from time to time.

          (p) "Selling Expenses" shall mean all underwriting discounts and
selling commissions applicable to the sale of Registrable Securities and all
fees and disbursements of counsel for any Holder.
<PAGE>

     1.2  Company Registration.
          --------------------

          (a) Piggyback Registrations.  If the Company shall determine to
              -----------------------
register any of its securities either for its own account or the account of a
security holder or holders, other than a registration relating solely to
employee benefit plans, or a registration relating solely to a Rule 145
transaction, or a registration on any registration form that does not permit
secondary sales, the Company will:

          (i)  promptly give to each Holder written notice thereof; and

          (i)  use its best efforts to include in such registration (and any
related qualification under blue sky laws or other compliance), except as set
forth in Section 1.2(b) below, and in any underwriting involved therein, all of
such Holder's Registrable Securities specified in a written request or requests
within twenty (20) days after the written notice from the Company described in
clause (i) above is given. Such written request may specify all or a part of a
Holder's Registrable Securities.

          (b)  Underwriting.  If the registration of which the Company gives
               ------------
notice is for a registered public offering involving an underwriting, the
Company shall so advise the Holders as a part of the written notice given
pursuant to Section 1.2(a)(i). In such event, the right of any Holder to
registration pursuant to this Section 1.2 shall be conditioned upon such
Holder's participation in such underwriting and the inclusion of such Holder's
Registrable Securities in the underwriting to the extent provided herein. All
Holders proposing to distribute their securities through such underwriting shall
(together with the Company and the other holders of securities of the Company
with registration rights to participate therein distributing their securities
through such underwriting) enter into an underwriting agreement in customary
form with the representative of the underwriter or underwriters selected by the
Company.

     Notwithstanding any other provision of this Section 1.2, if the
representative of the underwriters advises the Company in writing that marketing
factors require a limitation on the number of shares to be underwritten, the
representative may (subject to the limitations set forth below) exclude all
Registrable Securities from, or limit the number of Registrable Securities to be
included in, the registration and underwriting. If such registration is a
Company-initiated registered offering of the Company's securities to the general
public, the Company may limit, to the extent so advised by the underwriters, the
amount of securities to be included in the registration by the Company's
stockholders (including the Holders). The Company shall so advise all Holders
requesting registration pursuant to this Section 1.2, and the number of shares
of securities that are entitled to be included in the registration and
underwriting shall be allocated first to the Company for securities being sold
for its own account and thereafter as set forth in Section 1.9. If any Person
does not agree to the terms of any such underwriting, he shall be excluded
therefrom by written notice from the Company or the underwriter. Any Registrable
Securities or other securities excluded or withdrawn from such underwriting
shall be withdrawn from such registration.

     If shares are so withdrawn from the registration and if the number of
shares of Registrable Securities to be included in such registration was
previously reduced as a result of marketing factors, the Company shall then
offer to all Persons who have retained the right to
<PAGE>

include securities in the registration the right to include additional
securities in the registration in an aggregate amount equal to the number of
shares so withdrawn, with such shares to be allocated among the Persons
requesting additional inclusion in accordance with Section 1.9 hereof.

          (c) Right to Terminate Registration.  The Company shall have the right
              -------------------------------
to terminate or withdraw any registration initiated by it under this Section 1.2
prior to the effectiveness of such registration whether or not any Holder has
elected to include securities in such registration.  The Registration Expenses
and Selling Expenses, if any, of such withdrawn registration shall be borne by
the Company.

     1.3  Expenses of Registration.  All Registration Expenses incurred in
          ------------------------
connection with any registration, qualification or compliance pursuant to
Section 1.2 hereof shall be borne by the Company. All Selling Expenses relating
to securities so registered shall be borne by the holders of such securities pro
rata on the basis of the number of shares of securities so registered on their
behalf.

     1.4  Registration Procedures.  In the case of each registration effected by
          -----------------------
the Company pursuant to Section 1.2, the Company will keep each Holder advised
in writing as to the initiation of each registration and as to the completion
thereof. At its expense, the Company will use its best efforts to:

          (a) Prepare and file with the Commission a registration statement on
any form for which the Company then qualifies or which counsel for the Company
shall deem appropriate and which form shall be available for the sale of the
Registrable Securities in accordance with the intended method of distribution
thereof, and use its best efforts to cause such registration statement to become
effective; provided that before filing a registration statement or prospectus or
           --------
any amendments or supplements thereto, the Company will notify each Holder of
Registrable Securities of any stop order issued or threatened by the Commission
or any state regulatory authority and take all reasonable actions required to
prevent the entry of such stop order or to remove it if entered;

          (b) Keep such registration effective for a period of one hundred
twenty (120) days or until the Holder or Holders have completed the distribution
described in the registration statement relating thereto, whichever first
occurs; provided, however, that (i) such 120-day period shall be extended for a
        --------  -------
period of time equal to the period the Holder refrains from selling any
securities included in such registration at the request of an underwriter of
Common Stock (or other securities) of the Company; and (ii) in the case of any
registration of Registrable Securities on Form S-3 which are intended to be
offered on a continuous or delayed basis, such 120-day period shall be extended,
if necessary, to keep the registration statement effective until all such
Registrable Securities are sold, provided that Rule 415, or any successor rule
under the Securities Act, permits an offering on a continuous or delayed basis;
and provided further that applicable rules under the Securities Act governing
the obligation to file a post-effective amendment permit, in lieu of filing a
post-effective amendment that (x) includes any prospectus required by Section
10(a)(3) of the Securities Act or (y) reflects facts or events representing a
material or fundamental change in the information set forth in the registration
statement, the incorporation by reference of information required to be included
in (x) and (y) above to be contained in
<PAGE>

periodic reports filed pursuant to Section 13 or 15(d) of the Exchange Act in
the registration statement;

          (c) Prepare and file with the Commission such amendments and
supplements to such registration statement and the prospectus used in connection
with such registration statement as may be necessary to comply with the
provisions of the Securities Act with respect to the disposition of all
securities covered by such registration statement;

          (d) Furnish such number of prospectuses and other documents incident
thereto, including any amendment of or supplement to the prospectus, as a Holder
from time to time may reasonably request;

          (e) Use its best efforts to register or qualify such Registrable
Securities under such other securities or blue sky laws of such jurisdictions as
any Holder reasonably requests and do any and all other acts and things which
may be reasonably necessary or advisable to enable such Holder to consummate the
disposition in such jurisdictions of the Registrable Securities owned by such
Holder, provided that the Company will not be required to (i) qualify generally
to do business in any jurisdiction where it would not otherwise be required to
qualify but for this paragraph (e), (ii) subject itself to taxation in any such
jurisdiction or (iii) consent to general service of process in any such
jurisdiction;

          (f) Use its best efforts to cause the Registrable Securities covered
by such registration statement to be registered with or approved by such other
governmental agencies or authorities as may be necessary by virtue of the
business and operations of the Company to enable the Holder or Holders thereof
to consummate the disposition of such Registrable Securities;

          (g) Notify each Holder of such Registrable Securities at any time when
a prospectus relating thereto is required to be delivered under the Securities
Act, of the happening of any event as a result of which the prospectus included
in such registration statement contains an untrue statement of a material fact
or omits to state any material fact required to be stated therein or necessary
to make the statements therein, in light of the circumstances under which they
were made, not misleading, and the Company will prepare a supplement or
amendment to such prospectus so that, as thereafter delivered to the purchasers
of such Registrable Securities, such prospectus will not contain an untrue
statement of a material fact or omit to state any material fact required to be
stated therein, or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading;

          (h) Use its best efforts to cause all such Registrable Securities to
be listed on each securities exchange on which similar securities issued by the
Company are then listed (or, if none are so listed, on each securities exchange
requested by the holders of a majority of the Registrable Securities and Other
Shares covered by the applicable registration statement), in each case provided
that the applicable listing requirements are satisfied;

          (i) Use its best efforts to obtain an opinion letter from the
Company's legal counsel in customary form and covering such matters of the type
customarily covered by opinion
<PAGE>

letters as the holders of a majority of the Registrable Securities and Other
Shares being sold reasonably request;

          (j) Use its best efforts to take all other steps necessary to effect
the registration of the Registrable Securities covered by the registration
statement contemplated hereby; and

          (k) Otherwise use its best efforts to comply with all applicable rules
and regulations of the Commission, and make available to its security holders,
as soon as reasonably practicable, an earnings statement covering a period of
twelve (12) months, beginning within three (3) months after the effective date
of the registration statement, which earnings statement shall satisfy the
provisions of Section 11(a) of the Securities Act and Rule 158 thereunder.

     1.5  Indemnification.
          ---------------

          (a) The Company (i) will indemnify each of its officers, directors and
partners, legal counsel, and accountants, each Holder and each Person who
controls such Holder within the meaning of Section 15 of the Securities Act,
with respect to which registration, qualification, or compliance has been
effected pursuant to this Section 1, and each underwriter, if any, and each
Person who controls any such underwriter within the meaning of Section 15 of the
Securities Act, against all expenses, claims, losses, damages and liabilities
(or actions, proceedings or settlements in respect thereof) arising out of or
based on any untrue statement (or alleged untrue statement) of a material fact
contained in any prospectus, offering circular or other document (including any
related registration statement, notification or the like) incident to any such
registration, qualification or compliance, or based on any omission (or alleged
omission) to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, or any violation by the
Company of the Securities Act or any rule or regulation thereunder applicable to
the Company and relating to action or inaction required of the Company in
connection with any such registration, qualification or compliance, and (ii)
will reimburse each of its officers, directors, partners, legal counsel and
accountants, each such Holder and each Person who controls such Holder, each
such underwriter and each Person who controls any such underwriter, for any
legal and any other expenses reasonably incurred in connection with
investigating and defending or settling any such claim, loss, damage, liability
or action, provided that the Company will not be liable in any such case to the
extent that any such claim, loss, damage, liability or expense arises out of or
is based on any untrue statement or omission based upon written information
furnished to the Company by such Holder or underwriter and stated to be
specifically for use therein. It is agreed that the indemnity agreement
contained in this Section 1.5(a) shall not apply to amounts paid in settlement
of any such loss, claim, damage, liability or action if such settlement is
effected without the consent of the Company (which consent has not been
unreasonably withheld).

          (b) Each Holder will, if Registrable Securities held by him are
included in the securities as to which such registration, qualification or
compliance is being effected, indemnify the Company, each of its directors,
officers, partners, legal counsel and accountants, each underwriter, if any, of
the Company's securities covered by such registration statement, each Person who
controls the Company or such underwriter within the meaning of Section 15 of the
Securities Act, each other such Holder and Other Stockholders, and each of their
officers,
<PAGE>

directors and partners, and each Person controlling such Holder or Other
Stockholders, against all claims, losses, damages and liabilities (or actions in
respect thereof) arising out of or based on any untrue statement (or alleged
untrue statement) of a material fact contained in any such registration
statement, prospectus, offering circular or other document, or any omission (or
alleged omission) to state therein a material fact required to be stated therein
or necessary to make the statements therein not misleading, and will reimburse
the Company and such Holders, Other Stockholders, directors, officers, partners,
legal counsel and accountants, Persons, underwriters, or control Persons for any
legal or any other expenses reasonably incurred in connection with investigating
or defending any such claim, loss, damage, liability or action, in each case to
the extent, but only to the extent, that such untrue statement (or alleged
untrue statement) or omission (or alleged omission) is made in such registration
statement, prospectus, offering circular or other document in reliance upon and
in conformity with written information furnished to the Company by such Holder
expressly for use in such registration statement, prospectus, offering circular
or other document; provided, however, that the obligations of such Holder
                   --------  -------
hereunder shall not apply to amounts paid in settlement of any such claims,
losses, damages or liabilities (or actions in respect thereof) if such
settlement is effected without the consent of such Holder (which consent shall
not be unreasonably withheld); and provided further, that such Holder will not
                                   -------- -------
be liable under this Section 1.5(b) for any losses, costs, damages or expenses
exceeding the gross proceeds received by Holder in such registration or
offering.

          (c) Each party entitled to indemnification under this Section 1.5 (the
"Indemnified Party") shall give notice to the party required to provide
indemnification (the "Indemnifying Party") promptly after such Indemnified Party
has actual knowledge of any claim as to which indemnity may be sought, and shall
permit the Indemnifying Party to assume the defense of any such claim or any
litigation resulting therefrom, provided that counsel for the Indemnifying
Party, who shall conduct the defense of such claim or any litigation resulting
therefrom, shall be approved by the Indemnified Party (whose approval shall not
unreasonably be withheld), and the Indemnified Party may participate in such
defense at such party's expense, and provided further that the failure of any
Indemnified Party to give notice as provided herein shall not relieve the
Indemnifying Party of its obligations under this Section 1.5, to the extent such
failure is not prejudicial. No Indemnifying Party, in the defense of any such
claim or litigation, shall, except with the consent of each Indemnified Party
(which consent shall not be unreasonably withheld), consent to entry of any
judgment or enter into any settlement that does not include as an unconditional
term thereof the giving by the claimant or plaintiff to such Indemnified Party
of a release from all liability in respect to such claim or litigation. Each
Indemnified Party shall furnish such information regarding itself or the claim
in question as an Indemnifying Party may reasonably request in writing and as
shall be reasonably required in connection with defense of such claim and
litigation resulting therefrom.

          (d) If the indemnification provided for in this Section 1.5 is held by
a court of competent jurisdiction to be unavailable to an Indemnified Party with
respect to any loss, liability, claim, damage or expense referred to herein,
then the Indemnifying Party, in lieu of indemnifying such Indemnified Party
hereunder, shall contribute to the amount paid or payable by such Indemnified
Party as a result of such loss, liability, claim, damage or expense in such
proportion as is appropriate to reflect the relative fault of the Indemnifying
Party, on the one hand, and of the Indemnified Party, on the other hand, in
connection with the statements or
<PAGE>

omissions that resulted in such loss, liability, claim, damage or expense as
well as any other relevant equitable considerations. The relative fault of the
Indemnifying Party and of the Indemnified Party shall be determined by reference
to, among other things, whether the untrue or alleged untrue statement of a
material fact or the omission to state a material fact relates to information
supplied by the Indemnifying Party or by the Indemnified Party and the parties'
relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission.

          (e) Notwithstanding the foregoing, to the extent that the provisions
on indemnification and contribution contained in the underwriting agreement
entered into in connection with the underwritten public offering are in conflict
with the foregoing provisions, the provisions in the underwriting agreement
shall control.

     1.6  Information by Holder.  Each Holder of Registrable Securities shall
          ---------------------
furnish to the Company such information regarding such Holder and the
distribution proposed by such Holder as the Company may reasonably request in
writing and as shall be reasonably required in connection with any registration,
qualification or compliance referred to in this Section 1.

     1.7  Transfer or Assignment of Registration Rights.  The rights to cause
          ---------------------------------------------
the Company to register securities granted to a Holder by the Company under this
Section 1 may be transferred or assigned by a Holder only to a transferee or
assignee (a) who is not a competitor of the Company and who acquires at least
50,000 shares of Registrable Securities (as adjusted for any stock splits,
dividends and the like), (b) who is a Holder of Registrable Securities and
already possesses such registration rights, (c) that is a limited partner,
general partner or retired limited or general partner of a Holder or (d) who is
a Holder's family member or trust for the benefit of an individual Holder;
provided that the Company is given written notice at the time of or within a
reasonable time after said transfer or assignment, stating the name and address
of the transferee or assignee and identifying the securities with respect to
which such registration rights are being transferred or assigned, and, provided,
further, that the transferee or assignee acquires such Registrable Securities in
a private transaction and assumes the obligations of such Holder under this
Section 1.

     1.8  "Market Stand-Off" Agreement.  In respect of any underwritten public
           ---------------------------
offering by the Company, each Holder hereby agrees that such Holder shall not
sell or otherwise transfer or dispose of any Common Stock (or other securities)
of the Company held by such Holder (other than those included in the
registration) during a reasonable and customary period of time as agreed to by
the Company and the underwriters, not to exceed the greater of (a) one hundred
eighty (180) days following the effective date of the registration statement of
the Company filed under the Securities Act in respect of such offering and (b)
such other period of time as agreed to by holders of a majority of the then
outstanding shares held by the Institutional Investors, provided that:

            (i) all officers and directors of the Company and all other Persons
with registration rights (whether or not pursuant to this Agreement) enter into
similar agreements; and
<PAGE>

           (ii)   any discretionary waiver or termination of the restrictions of
any such agreement by the Company or representatives of the underwriters shall
apply to Holders on a pro rata basis together with any holder of securities
                      --- ----
other than a Holder.

Each Holder agrees to execute and deliver such other agreements as may be
reasonably requested by the Company or the underwriter which are consistent with
the foregoing or which are necessary to give further effect thereto. The
obligations described in this Section 1.8 shall not apply to a registration
relating solely to employee benefit plans on Form S-1 or Form S-8 or similar
forms that may be promulgated in the future, or a registration relating solely
to a Commission Rule 145 transaction on Form S-4 or similar forms that may be
promulgated in the future. The Company may impose stop-transfer instructions
with respect to the shares (or securities) subject to the foregoing restriction
until the end of such period.

     1.9  Allocation of Registration Opportunities.  In any circumstance in
          ----------------------------------------
which all of the Registrable Securities and Other Shares requested to be
included in a registration cannot be so included as a result of limitations of
the aggregate number of shares of Registrable Securities and Other Shares that
may be so included, the number of shares of Registrable Securities and Other
Shares that may be so included shall be allocated amongst the Holders and other
selling stockholders requesting inclusion of shares pro rata on the basis of the
number of shares of Registrable Securities and Other Shares that would be held
by such Holders and other selling stockholders, assuming conversion. The Company
shall not limit the number of Registrable Securities or Other Shares to be
included in a registration pursuant to this Agreement in order to include shares
held by stockholders with no registration rights or to include other shares of
stock issued to employees, officers, directors, or consultants. Notwithstanding
any other provision of this Agreement, all registration rights of the Holders
shall be subordinate to the registration rights of any Institutional Investor to
include any securities of the Company in a registration statement.

     1.10 Termination of Registration Rights.  The right of any Holder to
          ----------------------------------
request registration or inclusion in any registration pursuant to Section 1.2
shall terminate on such date as all shares of Registrable Securities held or
entitled to be held upon conversion by such Holder may immediately be sold under
Rule 144 during any 90-day period.

                                   SECTION 2
                                   ---------

                                 Miscellaneous
                                 -------------

     2.1  Governing Law.  This Agreement shall be governed in all respects by
          -------------
the laws of the State of California, without regard to the conflicts of law
principles thereof.

     2.2  Successors and Assigns.  Except as otherwise expressly provided
          ----------------------
herein, the provisions hereof shall inure to the benefit of, and be binding
upon, the successors, assigns, heirs, executors and administrators of the
parties hereto.

     2.3  Entire Agreement; Amendment; Waiver.  This Agreement (including the
          -----------------------------------
exhibits  and schedules hereto) constitutes the full and entire understanding
and agreement between the parties with regard to the subjects hereof and
thereof.  Neither this Agreement nor any term hereof may be amended, waived,
discharged or terminated, except by a written instrument signed
<PAGE>

by the Company and Holders of at least a majority of the Registrable Securities
(on an as-converted basis); and any such amendment, waiver, discharge or
termination shall be binding on all the Stockholders, but in no event shall the
obligation of any Stockholder hereunder be materially increased, except upon the
written consent of such Stockholder.

     2.4  Notices, Etc.  All notices and other communications required or
          ------------
permitted hereunder shall be in writing and shall be sent by confirmed telex or
facsimile, mailed by United States first-class mail, postage prepaid, or
delivered personally addressed by hand or special courier (a) if to a Holder, as
indicated below the Holder's signature hereto, or at such other address as such
Holders or permitted assignee shall have furnished to the Company in writing, or
(b) if to the Company, at 5400 Orange Avenue, Cypress, CA 90630, or at such
other address as the Company shall have furnished to each Holder in writing. All
such notices and other written communications shall be effective (i) if sent by
confirmed telex or facsimile, on the day sent if sent during normal business
hours of the recipient and, if not, on the next business day, (ii) if mailed,
five (5) days after mailing and (iii) if delivered, upon delivery.

     2.5  Delays or Omissions.  No delay or omission to exercise any right,
          -------------------
power or remedy accruing to any Stockholder upon any breach or default of the
Company under this Agreement shall impair any such right, power or remedy of
such Stockholder nor shall it be construed to be a waiver of any such breach or
default, or an acquiescence therein, or of or in any similar breach or default
thereafter occurring; nor shall any waiver of any single breach or default be
deemed a waiver of any other breach or default theretofore or thereafter
occurring. Any waiver, permit, consent or approval of any kind or character on
the part of any Stockholder of any breach or default under this Agreement or any
waiver on the part of any Stockholder of any provisions or conditions of this
Agreement must be made in writing and shall be effective only to the extent
specifically set forth in such writing. All remedies, either under this
Agreement or by law or otherwise afforded to any Stockholder, shall be
cumulative and not alternative.

     2.6  Rights, Severability.  Unless otherwise expressly provided herein, a
          --------------------
Stockholder's rights hereunder are several rights, not rights jointly held with
any of the other Stockholders. In case any provision of the Agreement shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby.

     2.7  Information Confidential.  Each Stockholder acknowledges that the
          ------------------------
information received by them pursuant hereto may be confidential and for its use
only, and it will not use such confidential information in violation of the
Exchange Act or reproduce, disclose or disseminate such information to any other
Person (other than its employees or agents having a need to know the contents of
such information, and its attorneys), except in connection with the exercise of
rights under this Agreement, unless the Company has made such information
available to the public generally or such Stockholder is required to disclose
such information by a governmental body.

     2.8  Titles and Subtitles.  The titles of the paragraphs and subparagraphs
          --------------------
of this Agreement are for convenience of reference only and are not to be
considered in construing this Agreement.
<PAGE>

     2.9  Counterparts.  This Agreement may be executed in any number of
          ------------
counterparts, each of which shall be an original, but all of which together
shall constitute one instrument.

     IN WITNESS WHEREOF, the parties hereto have executed this Investors' Rights
Agreement effective as of the day and year first above written.

                                    CYPRESS FINANCIAL SERVICES, INC.

                                    By: /s/ Manuel Occiano
                                       _____________________________

                                    Its: President
                                        ____________________________

                                    Address:  5400 Orange Avenue, Suite 200
                                              Cypress, California 90630

                                    SHAREHOLDERS:

                                    /s/ Russell Mohrmann
                                    _________________________
                                    Russell Mohrmann

                                    /s/ Suzette M. Mohrmann
                                    _________________________
                                    Suzette M. Mohrmann

                                    Address:  9432 Walker Ranch Circle
                                              Villa Park, CA 92816-2820

                                    /s/ Robert Perez
                                    __________________________
                                    Robert Perez

                                    /s/ Barbara C. Perez
                                    __________________________
                                    Barbara C. Perez

                                    Address:  9752 Villa Woods Dr.
                                              Villa Park, CA  92861
<PAGE>

                          RBA - Rem-Care, Inc., a California corporation

                          By: /s/ Russell Mohrmann
                             ______________________________________
                          Name: Russell Mohrmann
                               ____________________________________
                          Its:  President
                              _____________________________________

                          Insource Medical Solutions, LLC, a California
                          limited liability company

                          By: /s/ Maureen E. Brooks
                             ______________________________________
                          Name: Maureen E. Brooks
                               ____________________________________
                          Its: Managing Member
                              _____________________________________

                          Hospital Employee Labor Pool, a California
                          corporation

                          By: /s/ Allen Berman
                             ______________________________________
                          Name: Allen Berman
                               ____________________________________
                          Its: President
                              _____________________________________
<PAGE>

                                   SCHEDULE A
                                   ----------
                              List of Stockholders

Russell Mohrmann

Suzette M. Mohrmann

Robert Perez

Barbara C. Perez

RBA - Rem-Care, Inc.

Insource Medical Solutions, LLC

Hospital Employee Labor Pool<PAGE>

                                                                     EXHIBIT 4.5
                                                                     -----------

                     SECURED CONVERTIBLE PROMISSORY NOTE
                     -----------------------------------

THE SECURITIES REPRESENTED BY THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR THE LAWS OF ANY
STATE.  THIS NOTE AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF MAY BE
PLEDGED, HYPOTHECATED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED ONLY IF
REGISTERED AND QUALIFIED PURSUANT TO THE RELEVANT PROVISIONS OF FEDERAL AND
STATE SECURITIES LAWS OR IF MAKER IS PROVIDED AN OPINION OF COUNSEL, WHICH
OPINION IS SATISFACTORY IN FORM AND SUBSTANCE TO MAKER, TO THE EFFECT THAT SUCH
REGISTRATION AND QUALIFICATION IS NOT REQUIRED.

THE SALE, PLEDGE, HYPOTHECATION OR TRANSFER AND THE VOTING OF THE SECURITIES
REPRESENTED BY THIS NOTE IS SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN
STOCK RESTRICTION AGREEMENT BY AND BETWEEN MAKER AND CERTAIN HOLDERS OF
SECURITIES OF MAKER. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN
REQUEST TO THE SECRETARY OF MAKER.

$1,225,000.00                                                    August 14, 2000

     FOR VALUE RECEIVED, Cypress Financial Services, Inc., a Nevada corporation
("Maker"), promises to pay to Russ Mohrmann, an individual, and Suzette M.
Mohrmann an individual (collectively, "Holder"), at 9432 Walker Ranch Circle,
Villa Park, CA 92861 the principal sum of One Million Two Hundred Twenty Five
Thousand Dollars ($1,225,000.00), plus interest thereon from the date hereof
until paid on the terms set forth below; provided, however, that in the event
                                         --------  -------
this Note is converted into Common Stock (as defined herein) as provided herein,
any obligation of Maker with respect to payment of such amount, other than any
interest accrued but unpaid thereon, shall be terminated.  Reference is made to
that certain Purchase Agreement made and effective as of May 30, 2000 among
Maker, Holder and certain other parties (the "Agreement"), which is incorporated
herein by reference; unless otherwise defined herein, terms with initial letters
capitalized shall have their respective meanings as assigned in the Agreement;
and, in the event of any inconsistencies between this Note and the terms of the
Agreement, the terms of the Agreement shall govern.

     1.   Maturity Date. The unpaid principal balance of this Note and all
          -------------
accrued but unpaid interest shall be due and payable on August 13, 2002, unless
this Note is earlier converted or paid in accordance with the terms hereof.

     2.   Interest. The unpaid principal balance outstanding under this Note
          --------
shall bear interest at the rate of eight percent (8%) per annum.
<PAGE>

     3.   Payments. Payments of interest only shall be payable on the 1/st/ day
          --------
of each month, commencing September 1, 2000.

     4.   Security Interest. Payment of this Note is secured by a security
          -----------------
interest in certain collateral, pursuant to the terms and conditions of that
certain Security Agreement entered into between Maker and Holder concurrently
with the execution of this Note (the "Security Agreement").

     5.   Default; Acceleration.  The entire sum of unpaid principal and any
          ----------------------
accrued but unpaid interest hereunder shall become immediately due and payable
without further notice, demand or presentment, at Holder's option, upon the
occurrence at any time of any of the following events of default:

          5.1  Default in the payment of any installment of principal or
interest when due should such default not be cured within five (5) days after
written notice thereof is delivered to Maker at its last known address; or

          5.2  Default under the Security Agreement should such default not be
cured within five (5) days after written notice thereof is delivered to Maker at
its last known address; or

          5.3  Termination of that certain Employment Agreement between Russ
Mohrmann ("Executive") and Orange County Professional Services, Inc. ("CPS") of
even date herewith by CPS for any reason other than "Cause."  For purposes of
this Note, "Cause" shall mean (i) commission of a felony or other crime
involving moral turpitude or the commission of any other act or omission
involving dishonesty, disloyalty or fraud with respect to CPS or any of its
affiliates or any of their customers, (ii) reporting to work under the influence
of alcohol or illegal drugs, the use of illegal drugs (whether or not at the
workplace) or other repeated conduct causing CPS or any of its affiliates
substantial public disgrace or disrepute or economic harm, (iii) substantial and
repeated failure to perform duties as reasonably directed by the Board of
Directors of CPS (the "Board"), (iv) gross negligence or willful misconduct with
respect to CPS or any of its affiliates or (v) any material breach of the
Employment Agreement; or

          5.4  An assignment by Maker of substantially all of its assets for the
benefit of creditors; or

          5.5  The adjudication of Maker as a bankrupt (in involuntary or
voluntary proceedings); or

          5.6  The filing by Maker of a petition under the Federal Bankruptcy
Act or any comparable state law for a reorganization, arrangement or other
judicial protection upon insolvency.

The foregoing option to accelerate the indebtedness evidenced hereby may be
exercised by Holder at any time after the occurrence of any of the events of
default.  The failure to exercise said option upon the occurrence of one or more
of such events of default shall not prevent its exercise upon the reoccurrence
of such an event of default or upon the occurrence of any other event of
default.
<PAGE>

     6.   Conversion.
          ----------

          6.1  Optional Conversion.  All or any portion of the unpaid principal
               -------------------
balance outstanding under this Note may be converted into fully paid and
nonassessable shares of Common Stock, $.001 par value per share, of Maker (the
"Common Stock") at any time during the term of this Note at the option of
Holder.  The number of shares of Common Stock into which this Note is to be
converted shall be determined by dividing said unpaid principal balance by
$0.735 (the "Conversion Price"), subject to adjustment as provided in Section 8
below, with any accrued but unpaid interest paid in cash at the time of
conversion.

          6.2  Notice of Conversion.  If Holder desires to convert the Note,
               --------------------
Holder shall provide written notice to Maker at 5400 Orange Avenue, Cypress,
California 90630, Attention: Manuel Occiano, notifying Maker of the requested
conversion to be effected. Within ten (10) days of receipt of such notice, Maker
shall respond to Holder's request in writing, specifying the number of shares of
Common Stock to be issued upon conversion, the amount of accrued interest to be
paid in cash and the date on which such conversion will occur and calling upon
such Holder to surrender to Maker, in the manner and at the place designated,
this Note. Such response by Maker shall be delivered to Holder at the address
last shown on the records of Maker for Holder or given by Holder to Maker for
the purpose of notice.

          6.3  Mechanics and Effect of Conversion.  No fractional shares of
               ----------------------------------
Common Stock shall be issued upon conversion of this Note.  In lieu of issuing
any fractional shares to Holder upon the conversion of this Note, Maker shall
pay to Holder the amount of outstanding principal that is not so converted. Upon
the conversion of this Note, Holder shall surrender this Note, duly endorsed, at
the principal office of Maker. Upon conversion of this Note, Maker shall be
forever released from all its obligations and liabilities under this Note.

          6.4  Delivery of Stock Certificates.  As promptly as practicable after
               ------------------------------
the conversion of this Note, Maker at its expense will cause to be issued and
delivered to Holder a certificate or certificates for the number of full shares
of Common Stock issuable upon such conversion (bearing such legends as are
required by applicable state and federal securities laws in the opinion of
counsel to Maker), together with a check payable to Holder for any cash amounts
payable for any accrued but unpaid interest and fractional shares as described
above. In the event only a portion of this Note is converted, Maker shall, at
the time of delivery of the stock certificate or certificates, deliver to Holder
a new Note evidencing the remaining unpaid principal balance of this Note, which
Note shall in all other respects be identical with this Note.

     7.   Maker Right to Prepay Note. Subject to the earlier conversion of this
          --------------------------
Note pursuant to Section 6 above, all or any portion of the unpaid principal
balance outstanding under this Note may be prepaid at any time during the term
of this Note at the option of Maker. In the event Maker elects to prepay this
Note, notice of such election shall be given to Holder not less than sixty (60)
days prior to the date of prepayment. Each such notice shall state the amount of
principal to be paid in cash, the date on which such prepayment will occur and
the place at which Holder is to surrender this Note to Maker. Such notice by
Maker shall be delivered to Holder at the address last shown on the records of
Maker for Holder or given by Holder to Maker for the purpose of notice. In the
event only a portion of this Note is prepaid, Maker shall, at the time of
prepayment and receipt of this Note, deliver to Holder a new Note evidencing the
remaining
<PAGE>

unpaid principal balance of this Note, which Note shall in all other respects be
identical with this Note.

     8.   Adjustments.  The Conversion Price and the number of shares into which
          ------------
this Note may be converted are subject to adjustment from time to time as
follows:

          8.1  Reclassifications, etc.  If Maker, at any time while this Note,
               ----------------------
or any portion thereof, remains outstanding and unexpired by reclassification of
securities or otherwise, shall change any of the securities as to which
conversion rights under this Note exist into the same or a different number of
securities or any other class or classes, this Note shall thereafter represent
the right to acquire such number and kinds of securities that were subject to
the conversion rights under this Note immediately prior to such reclassification
or other change and the Conversion Price therefor shall be appropriately
adjusted.

          8.2  Split, Subdivision or Combination of Shares.  If Maker, at any
               -------------------------------------------
time with this Note, or any portion thereof, remains outstanding and unexpired
shall split, subdivide or combine the securities as to which conversion rights
under this Note exist into a different number of securities of the same class,
then (i) in the case of a split or subdivision, the Conversion Price for such
securities shall be proportionately decreased and the securities issuable upon
conversion of this Note shall be proportionately increased, and (ii) in the case
of a combination, the Conversion Price for such securities shall be
proportionately increased and the securities issuable upon conversion of this
Note shall be proportionately decreased.

     9.   Investment Representations. Holder acknowledges that this Note and the
          --------------------------
Common Stock issuable upon the conversion of this Note (i) constitute
"securities" under federal and applicable state securities laws, (ii) will be
unregistered as such, and (iii) are being transferred in reliance upon
exemptions from registration based, in part, upon Holder's representations
contained herein. Holder is acquiring such securities for its own account and
not with a view to, or for sale in connection with, any distribution thereof.

     10.  Offset. Maker shall be entitled to offset amounts otherwise payable by
          ------
Holder to Maker pursuant to Sections 1.4.3 and 7.1.1 of the Agreement.

     11.  No Assignment. Neither Maker nor Holder shall be entitled to assign,
          -------------
pledge, transfer or otherwise convey the benefits or burdens of this Note
without the prior written consent of the other, except that any entity acquiring
all or substantially all of the assets or stock of Maker shall automatically
acquire the burdens of this Note, however, Maker shall not be released from its
obligations hereunder.

     12.  No Stockholder Rights. Prior to the conversion hereof, nothing
          ---------------------
contained in this Note shall be construed as conferring upon Holder or any other
person the right to vote or to consent or to receive notice as a stockholder in
respect of meetings of stockholders for the election of directors of Maker or
any other matters or any rights whatsoever as a stockholder of Maker.

     13.  Applicable Law. This Note and the rights and obligations of the
          --------------
parties hereunder shall be construed under, and governed by, the laws of the
State of California without giving effect to conflict of laws provisions.
<PAGE>

     14.  Attorneys' Fees. In the event of any suit, action or arbitration to
          ---------------
enforce any of the terms or provisions of this Note, the prevailing party shall
be entitled to its reasonable attorneys' fees and costs. The foregoing
entitlement shall also include attorneys' fees and costs of the prevailing party
on any appeal of a judgment and for any action to enforce a judgment.

                              Cypress Financial Services, Inc.,
                              a Nevada corporation

                              By:    /s/ Manuel Occiano
                                     _______________________________
                              Name:  Manuel Occiano
                                     _______________________________
                              Title: President
                                     _______________________________

DO NOT DESTROY THIS ORIGINAL NOTE: When paid, said original Note must be
surrendered to Maker for cancellation and retention.
<PAGE>

                      SECURED CONVERTIBLE PROMISSORY NOTE
                      -----------------------------------

THE SECURITIES REPRESENTED BY THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR THE LAWS OF ANY
STATE. THIS NOTE AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF MAY BE
PLEDGED, HYPOTHECATED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED ONLY IF
REGISTERED AND QUALIFIED PURSUANT TO THE RELEVANT PROVISIONS OF FEDERAL AND
STATE SECURITIES LAWS OR IF MAKER IS PROVIDED AN OPINION OF COUNSEL, WHICH
OPINION IS SATISFACTORY IN FORM AND SUBSTANCE TO MAKER, TO THE EFFECT THAT SUCH
REGISTRATION AND QUALIFICATION IS NOT REQUIRED.

THE SALE, PLEDGE, HYPOTHECATION OR TRANSFER AND THE VOTING OF THE SECURITIES
REPRESENTED BY THIS NOTE IS SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN
STOCK RESTRICTION AGREEMENT BY AND BETWEEN MAKER AND CERTAIN HOLDERS OF
SECURITIES OF MAKER.  COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN
REQUEST TO THE SECRETARY OF MAKER.

$1,225,000.00                                                    August 14, 2000

     FOR VALUE RECEIVED, Cypress Financial Services, Inc., a Nevada corporation
("Maker"), promises to pay to Robert Perez, an individual, and Barbara C. Perez,
an individual (collectively, "Holder"), at 9752 Villa Woods Drive, Villa Park,
CA 92861 the principal sum of One Million Two Hundred Twenty Five Dollars
($1,225,000.00), plus interest thereon from the date hereof until paid on the
terms set forth below; provided, however, that in the event this Note is
                       --------  -------
converted into Common Stock (as defined herein) as provided herein, any
obligation of Maker with respect to payment of such amount, other than any
interest accrued but unpaid thereon, shall be terminated.  Reference is made to
that certain Purchase Agreement made and effective as of May 30, 2000 among
Maker, Holder and certain other parties (the "Agreement"), which is incorporated
herein by reference; unless otherwise defined herein, terms with initial letters
capitalized shall have their respective meanings as assigned in the Agreement;
and, in the event of any inconsistencies between this Note and the terms of the
Agreement, the terms of the Agreement shall govern.

     1.   Maturity Date. Subject to the extension provisions set forth in the
          -------------
following sentence, the unpaid principal balance of this Note and all accrued
but unpaid interest shall be due and payable on August 13, 2002, unless this
Note is earlier converted or paid in accordance with the terms hereof. This Note
may be extended at the option of Maker to no later than August 13, 2005, in the
event such extension is required by any holder of Senior Debt (as defined below)
as a condition to extending credit or providing financing to Maker.

     2.   Interest. The unpaid principal balance outstanding under this Note
          --------
shall bear interest at the rate of eight percent (8%) per annum.
<PAGE>

     3.   Payments. Payments of interest only shall be payable on the 1/st/ day
          --------
of each month, commencing September, 2000.

     4.   Security Interest. Payment of this Note is secured by a security
          -----------------
interest in certain collateral, pursuant to the terms and conditions of that
certain Security Agreement entered into between Maker and Holder concurrently
with the execution of this Note (the "Security Agreement").

     5.   Default; Acceleration. The entire sum of unpaid principal and any
          ---------------------
accrued but unpaid interest hereunder shall become immediately due and payable
without further notice, demand or presentment, at Holder's option, upon the
occurrence at any time of any of the following events of default:

          5.1  Default in the payment of any installment of principal or
interest when due should such default not be cured within five (5) days after
written notice thereof is delivered to Maker at its last known address; or

          5.2  Default under the Security Agreement should such default not be
cured within five (5) days after written notice thereof is delivered to Maker at
its last known address; or

          5.3  Termination of that certain Employment Agreement between Robert
Perez ("Executive") and Maker of even date herewith by Maker for any reason
other than "Cause."  For purposes of this Note, "Cause" shall mean (i)
commission of a felony or other crime involving moral turpitude or the
commission of any other act or omission involving dishonesty, disloyalty or
fraud with respect to Maker or any of its affiliates or any of their customers,
(ii) reporting to work under the influence of alcohol or illegal drugs, the use
of illegal drugs (whether or not at the workplace) or other repeated conduct
causing Maker or any of its affiliates substantial public disgrace or disrepute
or economic harm, (iii) substantial and repeated failure to perform duties as
reasonably directed by the Board of Directors of Maker (the "Board"), (iv) gross
negligence or willful misconduct with respect to Maker or any of its affiliates
or (v) any material breach of the Employment Agreement; or

          5.4  An assignment by Maker of substantially all of its assets for the
benefit of creditors; or

          5.5  The adjudication of Maker as a bankrupt (in involuntary or
voluntary proceedings); or

          5.6  The filing by Maker of a petition under the Federal Bankruptcy
Act or any comparable state law for a reorganization, arrangement or other
judicial protection upon insolvency.

The foregoing option to accelerate the indebtedness evidenced hereby may be
exercised by Holder at any time after the occurrence of any of the events of
default.  The failure to exercise said option upon the occurrence of one or more
of such events of default shall not prevent its exercise upon the reoccurrence
of such an event of default or upon the occurrence of any other event of
default.
<PAGE>

     6.   Conversion
          ----------

          6.1  Optional Conversion.  All or any portion of the unpaid principal
               -------------------
balance outstanding under this Note may be converted into fully paid and
nonassessable shares of Common Stock, $.001 par value per share, of Maker (the
"Common Stock") at any time during the term of this Note at the option of
Holder.  The number of shares of Common Stock into which this Note is to be
converted shall be determined by dividing said unpaid principal balance by
$0.735 (the "Conversion Price"), subject to adjustment as provided in Section 8
------
below, with any accrued but unpaid interest paid in cash at the time of
conversion.

          6.2  Notice of Conversion.  If Holder desires to convert the Note,
               --------------------
Holder shall provide written notice to Maker at 5400 Orange Avenue, Cypress,
California  90630, Attention:  Manuel Occiano, notifying Maker of the requested
conversion to be effected.  Within ten (10) days of receipt of such notice,
Maker shall respond to Holder's request in writing, specifying the number of
shares of Common Stock to be issued upon conversion, the amount of accrued
interest to be paid in cash and the date on which such conversion will occur and
calling upon such Holder to surrender to Maker, in the manner and at the place
designated, this Note.  Such response by Maker shall be delivered to Holder at
the address last shown on the records of Maker for Holder or given by Holder to
Maker for the purpose of notice.

          6.3  Mechanics and Effect of Conversion.  No fractional shares of
               ----------------------------------
Common Stock shall be issued upon conversion of this Note.  In lieu of issuing
any fractional shares to Holder upon the conversion of this Note, Maker shall
pay to Holder the amount of outstanding principal that is not so converted.
Upon the conversion of this Note, Holder shall surrender this Note, duly
endorsed, at the principal office of Maker.  Upon conversion of this Note, Maker
shall be forever released from all its obligations and liabilities under this
Note.

          6.4  Delivery of Stock Certificates.  As promptly as practicable after
               ------------------------------
the conversion of this Note, Maker at its expense will cause to be issued and
delivered to Holder a certificate or certificates for the number of full shares
of Common Stock issuable upon such conversion (bearing such legends as are
required by applicable state and federal securities laws in the opinion of
counsel to Maker), together with a check payable to Holder for any cash amounts
payable for any accrued but unpaid interest and fractional shares as described
above.  In the event only a portion of this Note is converted, Maker shall, at
the time of delivery of the stock certificate or certificates, deliver to Holder
a new Note evidencing the remaining unpaid principal balance of this Note, which
Note shall in all other respects be identical with this Note.

     7.   Maker Right to Prepay Note.  Subject to the earlier conversion of this
          --------------------------
Note pursuant to Section 6 above, all or any portion of the unpaid principal
balance outstanding under this Note may be prepaid at any time during the term
of this Note at the option of Maker. In the event Maker elects to prepay this
Note, notice of such election shall be given to Holder not less than sixty (60)
days prior to the date of prepayment. Each such notice shall state the amount of
principal to be paid in cash, the date on which such prepayment will occur and
the place at which Holder is to surrender this Note to Maker. Such notice by
Maker shall be delivered to Holder at the address last shown on the records of
Maker for Holder or given by Holder to Maker for the purpose of notice. In the
event only a portion of this Note is prepaid, Maker shall, at the time of
prepayment and receipt of this Note, deliver to Holder a new Note evidencing the
remaining
<PAGE>

unpaid principal balance of this Note, which Note shall in all other respects be
identical with this Note.

     8.   Adjustments.  The Conversion Price and the number of shares into which
          -----------
this Note may be converted are subject to adjustment from time to time as
follows:

          8.1  Reclassifications, etc.  If Maker, at any time while this Note,
               ----------------------
or any portion thereof, remains outstanding and unexpired by reclassification of
securities or otherwise, shall change any of the securities as to which
conversion rights under this Note exist into the same or a different number of
securities or any other class or classes, this Note shall thereafter represent
the right to acquire such number and kinds of securities that were subject to
the conversion rights under this Note immediately prior to such reclassification
or other change and the Conversion Price therefor shall be appropriately
adjusted.

          8.2  Split, Subdivision or Combination of Shares.  If Maker, at any
               -------------------------------------------
time with this Note, or any portion thereof, remains outstanding and unexpired
shall split, subdivide or combine the securities as to which conversion rights
under this Note exist into a different number of securities of the same class,
then (i) in the case of a split or subdivision, the Conversion Price for such
securities shall be proportionately decreased and the securities issuable upon
conversion of this Note shall be proportionately increased, and (ii) in the case
of a combination, the Conversion Price for such securities shall be
proportionately increased and the securities issuable upon conversion of this
Note shall be proportionately decreased.

     9.   Investment Representations. Holder acknowledges that this Note and the
          --------------------------
Common Stock issuable upon the conversion of this Note (i) constitute
"securities" under federal and applicable state securities laws, (ii) will be
unregistered as such, and (iii) are being transferred in reliance upon
exemptions from registration based, in part, upon Holder's representations
contained herein. Holder is acquiring such securities for its own account and
not with a view to, or for sale in connection with, any distribution thereof.

     10.  Offset. Maker shall be entitled to offset amounts otherwise payable by
          ------
Holder to Maker pursuant to Sections 1.4.3 and 7.1.1 of the Agreement.

     11.  Subordination. Holder acknowledges and agrees that Maker and/or its
          -------------
subsidiary has incurred and may from time to time incur debt and other
liabilities for borrowed money owed to their lenders and financing sources (the
"Senior Debt"). Holder, on behalf of itself and its successors and assigns,
hereby expressly agrees that any and all claims Holder may have for payment,
damages and/or any sums relating to this Note and Holder's security interest
under the Security Agreement are and shall be subordinate to any and all
existing or future Senior Debt. Holder agrees to execute and deliver such
documents as may be reasonably requested from time to time by Maker, or the
holder of any Senior Debt in order to implement the provisions of this Section
11. In the event the proceeds of such Senior Debt are used to purchase assets
not otherwise subject to a security interest under the Security Agreement and
Holder is required to subordinate its rights under this Note and/or the Security
Agreement to such Senior Debt, Holder shall be granted a security interest in
such assets, which lien shall be subordinate to any lien held by such Senior
Debt or existing on such assets at the time of purchase by Maker.
<PAGE>

     12.  No Assignment. Neither Maker nor Holder shall be entitled to assign,
          -------------
pledge, transfer or otherwise convey the benefits or burdens of this Note
without the prior written consent of the other, except that any entity acquiring
all or substantially all of the assets or stock of Maker shall automatically
acquire the burdens of this Note, however, Maker shall not be released from its
obligations hereunder.

     13.  No Stockholder Rights. Prior to the conversion hereof, nothing
          ----------------------
contained in this Note shall be construed as conferring upon Holder or any other
person the right to vote or to consent or to receive notice as a stockholder in
respect of meetings of stockholders for the election of directors of Maker or
any other matters or any rights whatsoever as a stockholder of Maker.

     14.  Applicable Law. This Note and the rights and obligations of the
          --------------
parties hereunder shall be construed under, and governed by, the laws of the
State of California without giving effect to conflict of laws provisions.

     15.  Attorneys' Fees. In the event of any suit, action or arbitration to
          ---------------
enforce any of the terms or provisions of this Note, the prevailing party shall
be entitled to its reasonable attorneys' fees and costs. The foregoing
entitlement shall also include attorneys' fees and costs of the prevailing party
on any appeal of a judgment and for any action to enforce a judgment.

                              Cypress Financial Services, Inc.,
                              a Nevada corporation

                              By:    /s/ Manuel Occiano
                                     _________________________________
                              Name:  Manuel Occiano
                                     _________________________________
                              Title: President
                                     _________________________________

DO NOT DESTROY THIS ORIGINAL NOTE: When paid, said original Note must be
surrendered to Maker for cancellation and retention.
<PAGE>

                      SECURED CONVERTIBLE PROMISSORY NOTE
                      -----------------------------------

THE SECURITIES REPRESENTED BY THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR THE LAWS OF ANY
STATE. THIS NOTE AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF MAY BE
PLEDGED, HYPOTHECATED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED ONLY IF
REGISTERED AND QUALIFIED PURSUANT TO THE RELEVANT PROVISIONS OF FEDERAL AND
STATE SECURITIES LAWS OR IF MAKER IS PROVIDED AN OPINION OF COUNSEL, WHICH
OPINION IS SATISFACTORY IN FORM AND SUBSTANCE TO CYPRESS (AS DEFINED BELOW), TO
THE EFFECT THAT SUCH REGISTRATION AND QUALIFICATION IS NOT REQUIRED.

THE SALE, PLEDGE, HYPOTHECATION OR TRANSFER AND THE VOTING OF THE SECURITIES
REPRESENTED BY THIS NOTE IS SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN
STOCK RESTRICTION AGREEMENT BY AND BETWEEN CYPRESS AND CERTAIN HOLDERS OF
SECURITIES OF CYPRESS.  COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN
REQUEST TO THE SECRETARY OF CYPRESS.

$350,000.00                                                      August 14, 2000

     FOR VALUE RECEIVED, Orange County Professional Services, Inc., a California
corporation ("Maker"), promises to pay to RBA Rem-Care, Inc., a California
Corporation, ("Holder") at 9432 Walker Ranch Circle, Villa Park, CA 92861 the
principal sum of Three Hundred Fifty Thousand Dollars ($350,000.00), plus
interest thereon from the date hereof until paid on the terms set forth below;
provided, however, that in the event this Note is converted into Common Stock
--------  -------
(as defined herein) as provided herein, any obligation of Maker with respect to
payment of such amount, other than any interest accrued but unpaid thereon,
shall be terminated.  Reference is made to that certain Purchase Agreement made
and effective as of May 30, 2000 among Maker, Holder and certain other parties
(the "Agreement"), which is incorporated herein by reference; unless otherwise
defined herein, terms with initial letters capitalized shall have their
respective meanings as assigned in the Agreement; and, in the event of any
inconsistencies between this Note and the terms of the Agreement, the terms of
the Agreement shall govern.

     1.   Maturity Date. The unpaid principal balance of this Note and all
          -------------
accrued but unpaid interest shall be due and payable on August 13, 2002, unless
this Note is earlier converted or paid in accordance with the terms hereof.

     2.   Interest. The unpaid principal balance outstanding under this Note
          --------
shall bear interest at the rate of eight percent (8%) per annum.

     3.   Payments.  Payments of interest only shall be payable on the 1/st/
          --------
day of each month, commencing September 1, 2000.
<PAGE>

     4.  Security Interest.  Payment of this Note is secured by a security
         -----------------
interest in certain collateral, pursuant to the terms and conditions of that
certain Security Agreement entered into between Maker and Holder concurrently
with the execution of this Note (the "Security Agreement").

     5.  Default; Acceleration. The entire sum of unpaid principal and any
         ---------------------
accrued but unpaid interest hereunder shall become immediately due and payable
without further notice, demand or presentment, at Holder"s option, upon the
occurrence at any time of any of the following events of default:

         5.1  Default in the payment of any installment of principal or interest
when due should such default not be cured within five (5) days after written
notice thereof is delivered to Maker at its last known address; or

         5.2  Default under the Security Agreement should such default not be
cured within five (5) days after written notice thereof is delivered to Maker at
its last known address; or

         5.3  Termination of that certain Employment Agreement between Russ
Mohrmann ("Executive") and Maker of even date herewith by Maker for any reason
other than "Cause". For purposes of this Note, "Cause" shall mean (i) commission
of a felony or other crime involving moral turpitude or the commission of any
other act of omission involving dishonesty, disloyalty or fraud with respect to
Maker or any of its affiliates or any of their customers, (II) reporting to work
under the influence of alcohol or illegal drugs, the use of illegal drugs
(whether or not at the workplace) or other repeated conduct causing Maker or any
of its affiliates substantial public disgrace or disrepute or economic harm,
(iii) substantial and repeated failure to perform duties as reasonably directed
by the Board of Directors of Maker (the "Board"), (iv) gross negligence or
willful misconduct with respect to Maker or any of its affiliates or (v) any
material breach of the Employment Agreement; or

         5.4  An assignment by Maker or Cypress Financial Services, Inc., a
Nevada corporation ("Cypress") of substantially all of its assets for the
benefit of creditors; or

         5.5  The adjudication of Maker or Cypress as a bankrupt (in involuntary
or voluntary proceedings); or

         5.6  The filing by Maker or Cypress of a petition under the Federal
Bankruptcy Act or any comparable state law for a reorganization, arrangement or
other judicial protection upon insolvency.

The foregoing option to accelerate the indebtedness evidenced hereby may be
exercised by Holder at any time after the occurrence of any of the events of
default. The failure to exercise said option upon the occurrence of one or more
of such events of default shall not prevent its exercise upon the reoccurrence
of such an event of default or upon the occurrence of any other event of
default.
<PAGE>

     6.   Conversion.
          ----------

          6.1  Optional Conversion. All or any portion of the unpaid principal
               -------------------
balance outstanding under this Note may be converted into fully paid and
nonassessable shares of Common Stock, $.001 par value per share, of Cypress (the
"Common Stock") at any time during the term of this Note at the option of
Holder. The number of shares of Common Stock into which this Note is to be
converted shall be determined by dividing said unpaid principal balance by
$0.735 (the "Conversion Price"), subject to adjustment as provided in Section 8
below, with any accrued but unpaid interest paid in cash at the time of
conversion.

          6.2  Notice of Conversion. If Holder desires to convert the Note,
               --------------------
Holder shall provide written notice to Maker at 5400 Orange Avenue, Cypress,
California 90630, Attention: Manuel Occiano, notifying Maker of the requested
conversion to be effected. Within ten (10) days of receipt of such notice, Maker
shall respond to Holder"s request in writing, specifying the number of shares of
Common Stock to be issued upon conversion, the amount of accrued interest to be
paid in cash and the date on which such conversion will occur and calling upon
such Holder to surrender to Maker, in the manner and at the place designated,
this Note. Such response by Maker shall be delivered to Holder at the address
last shown on the records of Maker for Holder or given by Holder to Maker for
the purpose of notice.

          6.3 Mechanics and Effect of Conversion. No fractional shares of Common
              ----------------------------------
Stock shall be issued upon conversion of this Note. In lieu of issuing any
fractional shares to Holder upon the conversion of this Note, Maker shall pay to
Holder the amount of outstanding principal that is not so converted. Upon the
conversion of this Note, Holder shall surrender this Note, duly endorsed, at the
principal office of Maker. Upon conversion of this Note, Maker shall be forever
released from all its obligations and liabilities under this Note.

          6.4 Delivery of Stock Certificates. As promptly as practicable after
              ------------------------------
the conversion of this Note, Maker at its expense will cause to be issued and
delivered to Holder a certificate or certificates for the number of full shares
of Common Stock issuable upon such conversion (bearing such legends as are
required by applicable state and federal securities laws in the opinion of
counsel to Maker), together with a check payable to Holder for any cash amounts
payable for any accrued but unpaid interest and fractional shares as described
above. In the event only a portion of this Note is converted, Maker shall, at
the time of delivery of the stock certificate or certificates, deliver to Holder
a new Note evidencing the remaining unpaid principal balance of this Note, which
Note shall in all other respects be identical with this Note.

     7.   Maker Right to Prepay Note. Subject to the earlier conversion of this
          --------------------------
Note pursuant to Section 6 above, all or any portion of the unpaid principal
balance outstanding under this Note may be prepaid at any time during the term
of this Note at the option of Maker. In the event Maker elects to prepay this
Note, notice of such election shall be given to Holder not less than sixty (60)
days prior to the date of prepayment. Each such notice shall state the amount of
principal to be paid in cash, the date on which such prepayment will occur and
the place at which Holder is to surrender this Note to Maker. Such notice by
Maker shall be delivered to Holder at the address last shown on the records of
Maker for Holder or given by Holder to Maker for the purpose of notice. In the
event only a portion of this Note is prepaid, Maker shall, at the time of
prepayment and receipt of this Note, deliver to Holder a new Note evidencing the
remaining
<PAGE>

unpaid principal balance of this Note, which Note shall in all other respects be
identical with this Note.

     8.  Adjustments. The Conversion Price and the number of shares into which
         -----------
this Note may be converted are subject to adjustment from time to time as
follows:

         8.1  Reclassifications, etc. If Cypress, at any time while this Note,
              ----------------------
or any portion thereof, remains outstanding and unexpired by reclassification of
securities or otherwise, shall change any of the securities as to which
conversion rights under this Note exist into the same or a different number of
securities or any other class or classes, this Note shall thereafter represent
the right to acquire such number and kinds of securities that were subject to
the conversion rights under this Note immediately prior to such reclassification
or other change and the Conversion Price therefor shall be appropriately
adjusted.

         8.2  Split, Subdivision or Combination of Shares. If Cypress, at any
              -------------------------------------------
time with this Note, or any portion thereof, remains outstanding and unexpired
shall split, subdivide or combine the securities as to which conversion rights
under this Note exist into a different number of securities of the same class,
then (i) in the case of a split or subdivision, the Conversion Price for such
securities shall be proportionately decreased and the securities issuable upon
conversion of this Note shall be proportionately increased, and (ii) in the case
of a combination, the Conversion Price for such securities shall be
proportionately increased and the securities issuable upon conversion of this
Note shall be proportionately decreased.

     9.  Investment Representations. Holder acknowledges that this Note and the
         --------------------------
Common Stock issuable upon the conversion of this Note (i) constitute
"securities" under federal and applicable state securities laws, (ii) will be
unregistered as such, and (iii) are being transferred in reliance upon
exemptions from registration based, in part, upon Holder"s representations
contained herein. Holder is acquiring such securities for its own account and
not with a view to, or for sale in connection with, any distribution thereof.

     10. Offset.  Maker shall be entitled to offset amounts otherwise payable by
         ------
Holder to Maker pursuant to Sections 1.4.3 and 7.1.1 of the Agreement.

     11. No Assignment.  Neither Maker nor Holder shall be entitled to assign,
         -------------
pledge, transfer or otherwise convey the benefits or burdens of this Note
without the prior written consent of the other, except that (i) any entity
acquiring all or substantially all of the assets or stock of Maker shall
automatically acquire the burdens of this Note, however, Maker shall not be
released from its obligations hereunder and (ii) Holder may assign, transfer or
otherwise convey the benefits of this Note to Allen Berman.

     12. No Stockholder Rights.  Prior to the conversion hereof, nothing
         ---------------------
contained in this Note shall be construed as conferring upon Holder or any other
person the right to vote or to consent or to receive notice as a stockholder in
respect of meetings of stockholders for the election of directors of Maker or
any other matters or any rights whatsoever as a stockholder of Maker.
<PAGE>

     13.  Applicable Law.  This Note and the rights and obligations of the
          --------------
parties hereunder shall be construed under, and governed by, the laws of the
State of California without giving effect to conflict of laws provisions.

     14.  Attorneys" Fees. In the event of any suit, action or arbitration to
          ---------------
enforce any of the terms or provisions of this Note, the prevailing party shall
be entitled to its reasonable attorneys" fees and costs. The foregoing
entitlement shall also include attorneys" fees and costs of the prevailing party
on any appeal of a judgment and for any action to enforce a judgment.

                                   Cypress Financial Services, Inc.,
                                   a Nevada corporation

                                   By: /s/ Manuel Occiano
                                      ________________________________
                                   Name:   Manuel Occiano
                                        ______________________________
                                   Title:  President
                                         _____________________________

DO NOT DESTROY THIS ORIGINAL NOTE: When paid, said original Note must be
surrendered to Maker for cancellation and retention.
<PAGE>

                       SECURED CONVERTIBLE PROMISSORY NOTE
                       -----------------------------------

THE SECURITIES REPRESENTED BY THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR THE LAWS OF ANY
STATE. THIS NOTE AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF MAY BE
PLEDGED, HYPOTHECATED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED ONLY IF
REGISTERED AND QUALIFIED PURSUANT TO THE RELEVANT PROVISIONS OF FEDERAL AND
STATE SECURITIES LAWS OR IF CYPRESS (AS DEFINED BELOW) IS PROVIDED AN OPINION OF
COUNSEL, WHICH OPINION IS SATISFACTORY IN FORM AND SUBSTANCE TO CYPRESS TO THE
EFFECT THAT SUCH REGISTRATION AND QUALIFICATION IS NOT REQUIRED.

THE SALE, PLEDGE, HYPOTHECATION OR TRANSFER AND THE VOTING OF THE SECURITIES
REPRESENTED BY THIS NOTE IS SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN
STOCK RESTRICTION AGREEMENT BY AND BETWEEN CYPRESS AND CERTAIN HOLDERS OF
SECURITIES OF CYPRESS. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN
REQUEST TO THE SECRETARY OF CYPRESS.

$178,500.00                                                     August 14, 2000

     FOR VALUE RECEIVED, Orange County Professional Services, Inc, a California
corporation ("Maker"), promises to pay to Insource Medical Solutions, LLC, a
California limited liability company, ("Holder"), at 1502 Brookhollow Drive,
Suite C, Santa Ana, California 92705 the principal sum of One Hundred Seventy
Eight Thousand Five Hundred Dollars ($178,500.00), plus interest thereon from
the date hereof until paid on the terms set forth below; provided, however, that
                                                         --------  -------
in the event this Note is converted into Common Stock (as defined herein) as
provided herein, any obligation of Maker with respect to payment of such amount,
other than any interest accrued but unpaid thereon, shall be terminated.
Reference is made to that certain Purchase Agreement made and effective as of
May 30, 2000 among Maker, Holder and certain other parties (the "Agreement"),
which is incorporated herein by reference; unless otherwise defined herein,
terms with initial letters capitalized shall have their respective meanings as
assigned in the Agreement; and, in the event of any inconsistencies between this
Note and the terms of the Agreement, the terms of the Agreement shall govern.

     1.  Maturity Date. The unpaid principal balance of this Note and all
         -------------
accrued but unpaid interest shall be due and payable on August 13, 2002, unless
this Note is earlier converted or paid in accordance with the
terms hereof.

     2.  Interest. The unpaid principal balance outstanding under this Note
         --------
shall bear interest at the rate of eight percent (8%) per annum.

     3.  Payments. Payments of interest only shall be payable on the 1st day of
         --------
each month, commencing September 1, 2000.
<PAGE>

     4.  Security Interest. Payment of this Note is secured by a security
         -----------------
interest in certain collateral, pursuant to the terms and conditions of that
certain Security Agreement entered into between Maker and Holder concurrently
with the execution of this Note (the "Security Agreement").

     5.  Default; Acceleration. The entire sum of unpaid principal and any
         ---------------------
accrued but unpaid interest hereunder shall become immediately due and payable
without further notice, demand or presentment, at Holder's option, upon the
occurrence at any time of any of the following events of default:

         5.1  Default in the payment of any installment of principal or interest
when due should such default not be cured within five (5) days after written
notice thereof is delivered to Maker at its last known address; or

         5.2  Default under the Security Agreement should such default not be
cured within five (5) days after written notice thereof is delivered to Maker
at its last known address; or

         5.3  Termination of that certain Employment Agreement between Russ
Mohrmann ("Executive") and Maker of even date herewith by Maker for any reason
other than "Cause." For purposes of this Note, "Cause" shall mean (i) commission
of a felony or other crime involving moral turpitude or the commission of any
other act or omission involving dishonesty, disloyalty or fraud with respect to
Maker or any of its affiliates or any of their customers, (ii) reporting to work
under the influence of alcohol or illegal drugs, the use of illegal drugs
(whether or not at the workplace) or other repeated conduct causing Maker or any
of its affiliates substantial public disgrace or disrepute or economic harm,
(iii) substantial and repeated failure to perform duties as reasonably directed
by the Board of Directors of Maker (the "Board"), (iv) gross negligence or
willful misconduct with respect to Maker or any of its affiliates or (v) any
material breach of the Employment Agreement; or

         5.4  An assignment by Maker or Cypress Financial Services, Inc., a
Nevada corporation ("Cypress"), of substantially all of its assets for the
benefit of creditors; or

         5.5  The adjudication of Maker or Cypress as a bankrupt (in
involuntary or voluntary proceedings); or

         5.6  The filing by Maker or Cypress of a petition under the Federal
Bankruptcy Act or any comparable state law for a reorganization, arrangement or
other judicial protection upon insolvency.

The foregoing option to accelerate the indebtedness evidenced hereby may be
exercised by Holder at any time after the occurrence of any of the events of
default. The failure to exercise said option upon the occurrence of one or more
of such events of default shall not prevent its exercise upon the reoccurrence
of such an event of default or upon the occurrence of any other event of
default.
<PAGE>

     6.  Conversion.
         ----------

         6.1  Optional Conversion. All or any portion of the unpaid principal
              -------------------
balance outstanding under this Note may be converted into fully paid and
nonassessable shares of Common Stock, $.001 par value per share, of Cypress (the
"Common Stock") at any time during the term of this Note at the option of
Holder. The number of shares of Common Stock into which this Note is to be
converted shall be determined by dividing said unpaid principal balance by
$0.735 (the "Conversion Price"), subject to adjustment as provided in Section 8
below, with any accrued but unpaid interest paid in cash at the time of
conversion.

         6.2  Notice of Conversion. If Holder desires to convert the Note,
              --------------------
Holder shall provide written notice to Maker at 5400 Orange Avenue, Cypress,
California 90630, Attention: Manuel Occiano, notifying Maker of the requested
conversion to be effected. Within ten (10) days of receipt of such notice, Maker
shall respond to Holder's request in writing, specifying the number of shares of
Common Stock to be issued upon conversion, the amount of accrued interest to be
paid in cash and the date on which such conversion will occur and calling upon
such Holder to surrender to Maker, in the manner and at the place designated,
this Note. Such response by Maker shall be delivered to Holder at the address
last shown on the records of Maker for Holder or given by Holder to Maker for
the purpose of notice.

         6.3  Mechanics and Effect of Conversion. No fractional shares of Common
              ----------------------------------
Stock shall be issued upon conversion of this Note. In lieu of issuing any
fractional shares to Holder upon the conversion of this Note, Maker shall pay to
Holder the amount of outstanding principal that is not so converted. Upon the
conversion of this Note, Holder shall surrender this Note, duly endorsed, at the
principal office of Maker. Upon conversion of this Note, Maker shall be forever
released from all its obligations and liabilities under this Note.

         6.4  Delivery of Stock Certificates. As promptly as practicable after
              ------------------------------
the conversion of this Note, Maker at its expense will cause to be issued and
delivered to Holder a certificate or certificates for the number of full shares
of Common Stock issuable upon such conversion (bearing such legends as are
required by applicable state and federal securities laws in the opinion of
counsel to Maker), together with a check payable to Holder for any cash amounts
payable for any accrued but unpaid interest and fractional shares as described
above. In the event only a portion of this Note is converted, Maker shall, at
the time of delivery of the stock certificate or certificates, deliver to Holder
a new Note evidencing the remaining unpaid principal balance of this Note, which
Note shall in all other respects be identical with this Note.

     7.  Maker Right to Prepay Note. Subject to the earlier conversion of this
         --------------------------
Note pursuant to Section 6 above, all or any portion of the unpaid principal
balance outstanding under this Note may be prepaid at any time during the term
of this Note at the option of Maker. In the event Maker elects to prepay this
Note, notice of such election shall be given to Holder not less than sixty (60)
days prior to the date of prepayment. Each such notice shall state the amount of
principal to be paid in cash, the date on which such prepayment will occur and
the place at which Holder is to surrender this Note to Maker. Such notice by
Maker shall be delivered to Holder at the address last shown on the records of
Maker for Holder or given by Holder to Maker for the purpose of notice. In the
event only a portion of this Note is prepaid, Maker shall, at the time of
prepayment and receipt of this Note, deliver to Holder a new Note evidencing the
remaining
<PAGE>

unpaid principal balance of this Note, which Note shall in all other
respects be identical with this Note.

     8.  Adjustments. The Conversion Price and the number of shares into which
         -----------
this Note may be converted are subject to adjustment from time to time as
follows:

         8.1  Reclassifications, etc. If Cypress, at any time while this Note,
              ----------------------
or any portion thereof, remains outstanding and unexpired by reclassification of
securities or otherwise, shall change any of the securities as to which
conversion rights under this Note exist into the same or a different number of
securities or any other class or classes, this Note shall thereafter represent
the right to acquire such number and kinds of securities that were subject to
the conversion rights under this Note immediately prior to such reclassification
or other change and the Conversion Price therefor shall be appropriately
adjusted.

         8.2  Split, Subdivision or Combination of Shares. If Cypress, at any
              -------------------------------------------
time with this Note, or any portion thereof, remains outstanding and unexpired
shall split, subdivide or combine the securities as to which conversion rights
under this Note exist into a different number of securities of the same class,
then (i) in the case of a split or subdivision, the Conversion Price for such
securities shall be proportionately decreased and the securities issuable upon
conversion of this Note shall be proportionately increased, and (ii) in the case
of a combination, the Conversion Price for such securities shall be
proportionately increased and the securities issuable upon conversion of this
Note shall be proportionately decreased.

     9.  Investment Representations. Holder acknowledges that this Note and the
         --------------------------
Common Stock issuable upon the conversion of this Note (i) constitute
"securities" under federal and applicable state securities laws, (ii) will be
unregistered as such, and (iii) are being transferred in reliance upon
exemptions from registration based, in part, upon Holder's representations
contained herein. Holder is acquiring such securities for its own account and
not with a view to, or for sale in connection with, any distribution thereof.

     10. Offset. Maker shall be entitled to offset amounts otherwise payable by
         ------
Holder to Maker pursuant to Sections 1.4.3 and 7.1.1 of the Agreement.

     11. No Assignment. Neither Maker nor Holder shall be entitled to assign,
         -------------
pledge, transfer or otherwise convey the benefits or burdens of this Note
without the prior written consent of the other, except that (i) any entity
acquiring all or substantially all of the assets or stock of Maker shall
automatically acquire the burdens of this Note, however, Maker shall not be
released from its obligations hereunder and (ii) Holder may assign, transfer or
otherwise convey the benefits of this Note to Russ Mohrmann.

     12. No Stockholder Rights. Prior to the conversion hereof, nothing
         ---------------------
contained in this Note shall be construed as conferring upon Holder or any other
person the right to vote or to consent or to receive notice as a stockholder in
respect of meetings of stockholders for the election of directors of Cypress or
any other matters or any rights whatsoever as a stockholder of Cypress.
<PAGE>

     13. Applicable Law. This Note and the rights and obligations of the parties
         --------------
hereunder shall be construed under, and governed by, the laws of the State of
California without giving effect to conflict of laws provisions.

     14. Attorneys' Fees. In the event of any suit, action or arbitration to
         ---------------
enforce any of the terms or provisions of this Note, the prevailing party shall
be entitled to its reasonable attorneys' fees and costs. The foregoing
entitlement shall also include attorneys' fees and costs of the prevailing party
on any appeal of a judgment and for any action to enforce a judgment.

                                       Cypress Financial Services, Inc.,
                                       a Nevada corporation

                                       By: /s/ Manuel Occiano
                                          ________________________________

                                       Name: Manuel Occiano
                                            ______________________________

                                       Title: President
                                             _____________________________

DO NOT DESTROY THIS ORIGINAL NOTE: When paid, said original Note must be
surrendered to Maker for cancellation and retention.
<PAGE>

                       SECURED CONVERTIBLE PROMISSORY NOTE
                       -----------------------------------

THE SECURITIES REPRESENTED BY THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR THE LAWS OF ANY
STATE. THIS NOTE AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF MAY BE
PLEDGED, HYPOTHECATED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED ONLY IF
REGISTERED AND QUALIFIED PURSUANT TO THE RELEVANT PROVISIONS OF FEDERAL AND
STATE SECURITIES LAWS OR IF CYPRESS IS PROVIDED AN OPINION OF COUNSEL, WHICH
OPINION IS SATISFACTORY IN FORM AND SUBSTANCE TO CYPRESS, TO THE EFFECT THAT
SUCH REGISTRATION AND QUALIFICATION IS NOT REQUIRED.

THE SALE, PLEDGE, HYPOTHECATION OR TRANSFER AND THE VOTING OF THE SECURITIES
REPRESENTED BY THIS NOTE IS SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN
STOCK RESTRICTION AGREEMENT BY AND BETWEEN CYPRESS AND CERTAIN HOLDERS OF
SECURITIES OF CYPRESS. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN
REQUEST TO THE SECRETARY OF CYPRESS.

$171,500.00                                                     August 14, 2000

     FOR VALUE RECEIVED, Orange County Professional Services, Inc., a California
corporation ("Maker"), promises to pay to Insource Medical Solutions, LLC, a
California corporation, ("Holder"), at 1502 Brookhollow Drive, Suite C, Santa
Ana, California 92705 the principal sum of One Hundred Seventy One Thousand Five
Hundred Dollars ($171,500.00), plus interest thereon from the date hereof until
paid on the terms set forth below; provided, however, that in the event this
                                   --------  -------
Note is converted into Common Stock (as defined herein) as provided herein, any
obligation of Maker with respect to payment of such amount, other than any
interest accrued but unpaid thereon, shall be terminated. Reference is made to
that certain Purchase Agreement made and effective as of May 30, 2000 among
Maker, Holder and certain other parties (the "Agreement"), which is incorporated
herein by reference; unless otherwise defined herein, terms with initial letters
capitalized shall have their respective meanings as assigned in the Agreement;
and, in the event of any inconsistencies between this Note and the terms of the
Agreement, the terms of the Agreement shall govern.

     1.  Maturity Date. The unpaid principal balance of this Note and all
         -------------
accrued but unpaid interest shall be due and payable on August 13, 2002, unless
this Note is earlier converted or paid in accordance with the terms hereof.

     2.  Interest. The unpaid principal balance outstanding under this Note
         --------
shall bear interest at the rate of eight percent (8%) per annum.

     3.  Payments. Payments of interest only shall be payable on the 1st day of
         --------
each month, commencing September, 2000.
<PAGE>

     4.  Security Interest. Payment of this Note is secured by a security
         -----------------
interest in certain collateral, pursuant to the terms and conditions of that
certain Security Agreement entered into between Maker and Holder concurrently
with the execution of this Note (the "Security Agreement").

     5.  Default; Acceleration. The entire sum of unpaid principal and any
         ---------------------
accrued but unpaid interest hereunder shall become immediately due and payable
without further notice, demand or presentment, at Holder's option, upon the
occurrence at any time of any of the following events of default:

         5.1  Default in the payment of any installment of principal or
interest when due should such default not be cured within five (5) days after
written notice thereof is delivered to Maker at its last known address; or

         5.2  Default under the Security Agreement should such default not be
cured within five (5) days after written notice thereof is delivered to Maker at
its last known address; or

         5.3  An assignment by Maker or Cypress Financial Services, Inc.,
a Nevada corporation ("Cypress") of substantially all of its assets for the
benefit of creditors; or

         5.4  The adjudication of Maker or Cypress as a bankrupt (in
involuntary or voluntary proceedings); or

         5.5  The filing by Maker or Cypress of a petition under the Federal
Bankruptcy Act or any comparable state law for a reorganization, arrangement or
other judicial protection upon insolvency.

The foregoing option to accelerate the indebtedness evidenced hereby may be
exercised by Holder at any time after the occurrence of any of the events of
default. The failure to exercise said option upon the occurrence of one or more
of such events of default shall not prevent its exercise upon the reoccurrence
of such an event of default or upon the occurrence of any other event of
default.

     6.  Conversion.
         ----------

         6.1  Optional Conversion. All or any portion of the unpaid principal
              -------------------
balance outstanding under this Note may be converted into fully paid and
nonassessable shares of Common Stock, $.001 par value per share, of Cypress (the
"Common Stock") at any time during the term of this Note at the option of
Holder. The number of shares of Common Stock into which this Note is to be
converted shall be determined by dividing said unpaid principal balance by
$0.735 (the "Conversion Price"), subject to adjustment as provided in Section 8
below, with any accrued but unpaid interest paid in cash at the time of
conversion.

         6.2  Notice of Conversion. If Holder desires to convert the Note,
              --------------------
Holder shall provide written notice to Maker at 5400 Orange Avenue, Cypress,
California 90630, Attention: Manuel Occiano, notifying Maker of the requested
conversion to be effected. Within ten (10) days of receipt of such notice, Maker
shall respond to Holder's request in writing, specifying the number of shares of
Common Stock to be issued upon conversion, the amount of accrued interest
<PAGE>

to be paid in cash and the date on which such conversion will occur and calling
upon such Holder to surrender to Maker, in the manner and at the place
designated, this Note. Such response by Maker shall be delivered to Holder at
the address last shown on the records of Maker for Holder or given by Holder to
Maker for the purpose of notice.

         6.3  Mechanics and Effect of Conversion. No fractional shares of Common
              ----------------------------------
Stock shall be issued upon conversion of this Note. In lieu of issuing any
fractional shares to Holder upon the conversion of this Note, Maker shall pay to
Holder the amount of outstanding principal that is not so converted. Upon the
conversion of this Note, Holder shall surrender this Note, duly endorsed, at the
principal office of Maker. Upon conversion of this Note, Maker shall be forever
released from all its obligations and liabilities under this Note.

         6.4  Delivery of Stock Certificates. As promptly as practicable after
              ------------------------------
the conversion of this Note, Maker at its expense will cause to be issued and
delivered to Holder a certificate or certificates for the number of full shares
of Common Stock issuable upon such conversion (bearing such legends as are
required by applicable state and federal securities laws in the opinion of
counsel to Maker), together with a check payable to Holder for any cash amounts
payable for any accrued but unpaid interest and fractional shares as described
above. In the event only a portion of this Note is converted, Maker shall, at
the time of delivery of the stock certificate or certificates, deliver to Holder
a new Note evidencing the remaining unpaid principal balance of this Note, which
Note shall in all other respects be identical with this Note.

     7.  Maker Right to Prepay Note. Subject to the earlier conversion of this
         --------------------------
Note pursuant to Section 6 above, all or any portion of the unpaid principal
balance outstanding under this Note may be prepaid at any time during the term
of this Note at the option of Maker. In the event Maker elects to prepay this
Note, notice of such election shall be given to Holder not less than sixty (60)
days prior to the date of prepayment. Each such notice shall state the amount of
principal to be paid in cash, the date on which such prepayment will occur and
the place at which Holder is to surrender this Note to Maker. Such notice by
Maker shall be delivered to Holder at the address last shown on the records of
Maker for Holder or given by Holder to Maker for the purpose of notice. In the
event only a portion of this Note is prepaid, Maker shall, at the time of
prepayment and receipt of this Note, deliver to Holder a new Note evidencing the
remaining unpaid principal balance of this Note, which Note shall in all other
respects be identical with this Note.

     8.  Adjustments. The Conversion Price and the number of shares into which
         -----------
this Note may be converted are subject to adjustment from time to time as
follows:

         8.1  Reclassifications, etc. If Cypress, at any time while this Note,
              ----------------------
or any portion thereof, remains outstanding and unexpired by reclassification of
securities or otherwise, shall change any of the securities as to which
conversion rights under this Note exist into the same or a different number of
securities or any other class or classes, this Note shall thereafter represent
the right to acquire such number and kinds of securities that were subject to
the conversion rights under this Note immediately prior to such reclassification
or other change and the Conversion Price therefor shall be appropriately
adjusted.
<PAGE>

         8.2  Split, Subdivision or Combination of Shares. If Cypress, at any
              -------------------------------------------
time with this Note, or any portion thereof, remains outstanding and unexpired
shall split, subdivide or combine the securities as to which conversion rights
under this Note exist into a different number of securities of the same class,
then (i) in the case of a split or subdivision, the Conversion Price for such
securities shall be proportionately decreased and the securities issuable upon
conversion of this Note shall be proportionately increased, and (ii) in the case
of a combination, the Conversion Price for such securities shall be
proportionately increased and the securities issuable upon conversion of this
Note shall be proportionately decreased.

     9.  Investment Representations. Holder acknowledges that this Note and the
         --------------------------
Common Stock issuable upon the conversion of this Note (i) constitute
"securities" under federal and applicable state securities laws, (ii) will be
unregistered as such, and (iii) are being transferred in reliance upon
exemptions from registration based, in part, upon Holder's representations
contained herein. Holder is acquiring such securities for its own account and
not with a view to, or for sale in connection with, any distribution thereof.

     10. Offset. Maker shall be entitled to offset amounts otherwise payable by
         ------
Holder to Maker pursuant to Sections 1.4.3 and 7.1.1 of the Agreement.

     11. Subordination. Holder acknowledges and agrees that Cypress, Maker
         -------------
and/or its subsidiary has incurred and may from time to time incur debt and
other liabilities for borrowed money owed to their lenders and financing sources
(the "Senior Debt"). Holder, on behalf of itself and its successors and assigns,
hereby expressly agrees that any and all claims Holder may have for payment,
damages and/or any sums relating to this Note and Holder's security interest
under the Security Agreement are and shall be subordinate to any and all
existing or future Senior Debt. Holder agrees to execute and deliver such
documents as may be reasonably requested from time to time by Cypress, Maker, or
the holder of any Senior Debt in order to implement the provisions of this
Section 11. In the event the proceeds of such Senior Debt are used to purchase
assets not otherwise subject to a security interest under the Security Agreement
and Holder is required to subordinate its rights under this Note and/or the
Security Agreement to such Senior Debt, Holder shall be granted a security
interest in such assets, which lien shall be subordinate to any lien held by
such Senior Debt or existing on such assets at the time of purchase by Maker.

     12. No Assignment. Neither Maker nor Holder shall be entitled to assign,
         -------------
pledge, transfer or otherwise convey the benefits or burdens of this Note
without the prior written consent of the other, except that (i) any entity
acquiring all or substantially all of the assets or stock of Maker shall
automatically acquire the burdens of this Note, however, Maker shall not be
released from its obligations hereunder and (ii) Holder may assign, transfer or
otherwise convey the benefits of this Note to Maureen Brooks.

     13. No Stockholder Rights. Prior to the conversion hereof, nothing
         ---------------------
contained in this Note shall be construed as conferring upon Holder or any other
person the right to vote or to consent or to receive notice as a stockholder in
respect of meetings of stockholders for the election of directors of Cypress or
any other matters or any rights whatsoever as a stockholder of Cypress.
<PAGE>

     14.  Applicable Law.  This Note and the rights and obligations of the
          --------------
parties hereunder shall be construed under, and governed by, the laws of the
State of California without giving effect to conflict of laws provisions.

     15.  Attorneys' Fees.  In the event of any suit, action or arbitration to
          ---------------
enforce any of the terms or provisions of this Note, the prevailing party shall
be entitled to its reasonable attorneys' fees and costs. The foregoing
entitlement shall also include attorneys' fees and costs of the prevailing party
on any appeal of a judgment and for any action to enforce a judgment.

                                             Cypress Financial Services, Inc.,
                                             a Nevada corporation

                                             By: /s/ Manuel Occiano
                                                _____________________________

                                             Name: Manuel Occiano
                                                  ___________________________

                                             Title: President
                                                   __________________________

DO NOT DESTROY THIS ORIGINAL NOTE: When paid, said original Note must be
surrendered to Maker for cancellation and retention.

<PAGE>

                      SECURED CONVERTIBLE PROMISSORY NOTE
                      -----------------------------------

THE SECURITIES REPRESENTED BY THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR THE LAWS OF ANY
STATE. THIS NOTE AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF MAY BE
PLEDGED, HYPOTHECATED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED ONLY IF
REGISTERED AND QUALIFIED PURSUANT TO THE RELEVANT PROVISIONS OF FEDERAL AND
STATE SECURITIES LAWS OR IF CYPRESS IS PROVIDED AN OPINION OF COUNSEL, WHICH
OPINION IS SATISFACTORY IN FORM AND SUBSTANCE TO CYPRESS, TO THE EFFECT THAT
SUCH REGISTRATION AND QUALIFICATION IS NOT REQUIRED.

THE SALE, PLEDGE, HYPOTHECATION OR TRANSFER AND THE VOTING OF THE SECURITIES
REPRESENTED BY THIS NOTE IS SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN
STOCK RESTRICTION AGREEMENT BY AND BETWEEN CYPRESS AND CERTAIN HOLDERS OF
SECURITIES OF CYPRESS. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN
REQUEST TO THE SECRETARY OF CYPRESS.

$525,000.00                                                      August 14, 2000

     FOR VALUE RECEIVED, Orange County Professional ServInc., a California
corporation ("Maker"), promises to pay to Hospital Employee Labor Pool, a
California Corporation ("Holder"), at 14600 Goldenwest St., Suite 207,
Westminster, California 92683 the principal sum of Five Hundred Twenty Five
Thousand Dollars ($525,000.00), plus interest thereon from the date hereof until
paid on the terms set forth below; provided, however, that in the event this
                                   --------  -------
Note is converted into Common Stock (as defined herein) as provided herein, any
obligation of Maker with respect to payment of such amount, other than any
interest accrued but unpaid thereon, shall be terminated. Reference is made to
that certain Purchase Agreement made and effective as of May 30, 2000 among
Maker, Holder and certain other parties (the "Agreement"), which is incorporated
herein by reference; unless otherwise defined herein, terms with initial letters
capitalized shall have their respective meanings as assigned in the Agreement;
and, in the event of any inconsistencies between this Note and the terms of the
Agreement, the terms of the Agreement shall govern.

     1.   Maturity Date.  The unpaid principal balance of this Note and all
          -------------
accrued but unpaid interest shall be due and payable on August 13, 2002, unless
this Note is earlier converted or paid in accordance with the terms hereof.

     2.   Interest.  The unpaid principal balance outstanding under this Note
          --------
shall bear interest at the rate of eight percent (8%) per annum.

     3.   Payments.  Payments of interest only shall be payable on the 1st day
          --------
of each month, commencing September, 2000.

     4.   Security Interest.  Payment of this Note is secured by a security
          -----------------
interest in certain collateral, pursuant to the terms and conditions of that
certain Security Agreement entered into between Maker and Holder concurrently
with the execution of this Note (the "Security Agreement").

     5.   Default; Acceleration.  The entire sum of unpaid principal and any
          ---------------------
accrued but unpaid interest hereunder shall become immediately due and payable
without further notice, demand or presentment, at Holder's option, upon the
occurrence at any time of any of the following events of default:

          5.1  Default in the payment of any installment of principal or
interest when due should such default not be cured within five (5) days after
written notice thereof is delivered to Maker at its last known address; or

          5.2  Default under the Security Agreement should such default not be
cured within five (5) days after written notice thereof is delivered to Maker at
its last known address; or

          5.3  Termination of that certain Employment Agreement between Russ
Mohrmann ("Executive") and Maker of even date herewith by Maker for any reason
other than "Cause." For purposes of this Note, "Cause" shall mean (i) commission
of a felony or other
<PAGE>

crime involving moral turpitude or the commission of any other act or omission
involving dishonesty, disloyalty or fraud with respect to Maker or any of its
affiliates or any of their customers, (ii) reporting to work under the influence
of alcohol or illegal drugs, the use of illegal drugs (whether or not at the
workplace) or other repeated conduct causing Maker or any of its affiliates
substantial public disgrace or disrepute or economic harm, (iii) substantial and
repeated failure to perform duties as reasonably directed by the Board of
Directors of Maker (the "Board"), (iv) gross negligence or willful misconduct
with respect to Maker or any of its affiliates or (v) any material breach of the
Employment Agreement; or

          5.4  An assignment by Maker or Cypress Financial Services, Inc., a
Nevada corporation ("Cypress") of substantially all of its assets for the
benefit of creditors; or

          5.5  The adjudication of Maker or Cypress as a bankrupt (in
involuntary or voluntary proceedings); or

          5.6  The filing by Maker or Cypress of a petition under the Federal
Bankruptcy Act or any comparable state law for a reorganization, arrangement or
other judicial protection upon insolvency.

The foregoing option to accelerate the indebtedness evidenced hereby may be
exercised by Holder at any time after the occurrence of any of the events of
default. The failure to exercise said option upon the occurrence of one or more
of such events of default shall not prevent its exercise upon the reoccurrence
of such an event of default or upon the occurrence of any other event of
default.

     6.   Conversion.
          ----------

          6.1  Optional Conversion.  All or any portion of the unpaid principal
               -------------------
balance outstanding under this Note may be converted into fully paid and
nonassessable shares of Common Stock, $.001 par value per share, of Cypress (the
"Common Stock") at any time during the term of this Note at the option of
Holder. The number of shares of Common Stock into which this Note is to be
converted shall be determined by dividing said unpaid principal balance by
$0.735 (the "Conversion Price"), subject to adjustment as provided in Section 8
below, with any accrued but unpaid interest paid in cash at the time of
conversion.

          6.2  Notice of Conversion.  If Holder desires to convert the Note,
               --------------------
Holder shall provide written notice to Maker at 5400 Orange Avenue, Cypress,
California 90630, Attention: Manuel Occiano, notifying Maker of the requested
conversion to be effected. Within ten (10) days of receipt of such notice, Maker
shall respond to Holder's request in writing, specifying the number of shares of
Common Stock to be issued upon conversion, the amount of accrued interest to be
paid in cash and the date on which such conversion will occur and calling upon
such Holder to surrender to Maker, in the manner and at the place designated,
this Note. Such response by Maker shall be delivered to Holder at the address
last shown on the records of Maker for Holder or given by Holder to Maker for
the purpose of notice.

          6.3  Mechanics and Effect of Conversion.  No fractional shares of
               ----------------------------------
Common Stock shall be issued upon conversion of this Note. In lieu of issuing
any fractional shares
<PAGE>

to Holder upon the conversion of this Note, Maker shall pay to Holder the amount
of outstanding principal that is not so converted. Upon the conversion of this
Note, Holder shall surrender this Note, duly endorsed, at the principal office
of Maker. Upon conversion of this Note, Maker shall be forever released from all
its obligations and liabilities under this Note.

          6.4  Delivery of Stock Certificates.  As promptly as practicable after
               ------------------------------
the conversion of this Note, Maker at its expense will cause to be issued and
delivered to Holder a certificate or certificates for the number of full shares
of Common Stock issuable upon such conversion (bearing such legends as are
required by applicable state and federal securities laws in the opinion of
counsel to Maker), together with a check payable to Holder for any cash amounts
payable for any accrued but unpaid interest and fractional shares as described
above. In the event only a portion of this Note is converted, Maker shall, at
the time of delivery of the stock certificate or certificates, deliver to Holder
a new Note evidencing the remaining unpaid principal balance of this Note, which
Note shall in all other respects be identical with this Note.

     7.   Maker Right to Prepay Note.  Subject to the earlier conversion of this
          --------------------------
Note pursuant to Section 6 above, all or any portion of the unpaid principal
balance outstanding under this Note may be prepaid at any time during the term
of this Note at the option of Maker. In the event Maker elects to prepay this
Note, notice of such election shall be given to Holder not less than sixty (60)
days prior to the date of prepayment. Each such notice shall state the amount of
principal to be paid in cash, the date on which such prepayment will occur and
the place at which Holder is to surrender this Note to Maker. Such notice by
Maker shall be delivered to Holder at the address last shown on the records of
Maker for Holder or given by Holder to Maker for the purpose of notice. In the
event only a portion of this Note is prepaid, Maker shall, at the time of
prepayment and receipt of this Note, deliver to Holder a new Note evidencing the
remaining unpaid principal balance of this Note, which Note shall in all other
respects be identical with this Note.

     8.   Adjustments.  The Conversion Price and the number of shares into which
          -----------
this Note may be converted are subject to adjustment from time to time as
follows:

          8.1  Reclassifications, etc.  If Cypress, at any time while this Note,
               ----------------------
or any portion thereof, remains outstanding and unexpired by reclassification of
securities or otherwise, shall change any of the securities as to which
conversion rights under this Note exist into the same or a different number of
securities or any other class or classes, this Note shall thereafter represent
the right to acquire such number and kinds of securities that were subject to
the conversion rights under this Note immediately prior to such reclassification
or other change and the Conversion Price therefor shall be appropriately
adjusted.

          8.2  Split, Subdivision or Combination of Shares.  If Cypress, at any
               -------------------------------------------
time with this Note, or any portion thereof, remains outstanding and unexpired
shall split, subdivide or combine the securities as to which conversion rights
under this Note exist into a different number of securities of the same class,
then (i) in the case of a split or subdivision, the Conversion Price for such
securities shall be proportionately decreased and the securities issuable upon
conversion of this Note shall be proportionately increased, and (ii) in the case
of a combination, the Conversion Price for such securities shall be
proportionately increased and the securities issuable upon conversion of this
Note shall be proportionately decreased.
<PAGE>

     9.   Investment Representations.  Holder acknowledges that this Note and
          --------------------------
the Common Stock issuable upon the conversion of this Note (i) constitute
"securities" under federal and applicable state securities laws, (ii) will be
unregistered as such, and (iii) are being transferred in reliance upon
exemptions from registration based, in part, upon Holder's representations
contained herein. Holder is acquiring such securities for its own account and
not with a view to, or for sale in connection with, any distribution thereof.

     10.  Offset.  Maker shall be entitled to offset amounts otherwise payable
          ------
by Holder to Maker pursuant to Sections 1.4.3 and 7.1.1 of the Agreement.

     11.  No Assignment.  Neither Maker nor Holder shall be entitled to assign,
          -------------
pledge, transfer or otherwise convey the benefits or burdens of this Note
without the prior written consent of the other, except that (i) any entity
acquiring all or substantially all of the assets or stock of Maker shall
automatically acquire the burdens of this Note, however, Maker shall not be
released from its obligations hereunder and (ii) Holder may assign, transfer or
otherwise convey the benefits of this Note to Russ Mohrmann.

     12.  No Stockholder Rights.  Prior to the conversion hereof, nothing
          ---------------------
contained in this Note shall be construed as conferring upon Holder or any other
person the right to vote or to consent or to receive notice as a stockholder in
respect of meetings of stockholders for the election of directors of Cypress or
any other matters or any rights whatsoever as a stockholder of Cypress.

     13.  Applicable Law.  This Note and the rights and obligations of the
          --------------
parties hereunder shall be construed under, and governed by, the laws of the
State of California without giving effect to conflict of laws provisions.

     14.  Attorneys' Fees.  In the event of any suit, action or arbitration to
          ---------------
enforce any of the terms or provisions of this Note, the prevailing party shall
be entitled to its reasonable attorneys' fees and costs. The foregoing
entitlement shall also include attorneys' fees and costs of the prevailing party
on any appeal of a judgment and for any action to enforce a judgment.

                                    Cypress Financial Services, Inc.,
                                    a Nevada corporation

                                    By: /s/ Manuel Occiano
                                        _________________________________
                                    Name: Manuel Occiano
                                          _______________________________
                                    Title: President
                                           ______________________________

DO NOT DESTROY THIS ORIGINAL NOTE: When paid, said original Note must be
surrendered to Maker for cancellation and retention.
<PAGE>

                      SECURED CONVERTIBLE PROMISSORY NOTE
                      -----------------------------------

THE SECURITIES REPRESENTED BY THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR THE LAWS OF ANY
STATE. THIS NOTE AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF MAY BE
PLEDGED, HYPOTHECATED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED ONLY IF
REGISTERED AND QUALIFIED PURSUANT TO THE RELEVANT PROVISIONS OF FEDERAL AND
STATE SECURITIES LAWS OR IF CYPRESS IS PROVIDED AN OPINION OF COUNSEL, WHICH
OPINION IS SATISFACTORY IN FORM AND SUBSTANCE TO CYPRESS, TO THE EFFECT THAT
SUCH REGISTRATION AND QUALIFICATION IS NOT REQUIRED.

THE SALE, PLEDGE, HYPOTHECATION OR TRANSFER AND THE VOTING OF THE SECURITIES
REPRESENTED BY THIS NOTE IS SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN
STOCK RESTRICTION AGREEMENT BY AND BETWEEN CYPRESS AND CERTAIN HOLDERS OF
SECURITIES OF CYPRESS. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN
REQUEST TO THE SECRETARY OF CYPRESS.

$525,000.00                                                      August 14, 2000

     FOR VALUE RECEIVED, Orange County Professional Services, Inc., a California
corporation ("Maker"), promises to pay to Hospital Employee Labor Pool, a
California corporation ("Holder"), at 14600 Goldenwest St., Suite 207,
Westminster, California 92683 the principal sum of Five Hundred Twenty Five
Thousand Dollars ($525,000.00), plus interest thereon from the date hereof until
paid on the terms set forth below; provided, however, that in the event this
                                   --------  -------
Note is converted into Common Stock (as defined herein) as provided herein, any
obligation of Maker with respect to payment of such amount, other than any
interest accrued but unpaid thereon, shall be terminated. Reference is made to
that certain Asset Purchase Agreement made and effective as of May 30, 2000
among Maker, Holder and certain other parties (the "Agreement"), which is
incorporated herein by reference; unless otherwise defined herein, terms with
initial letters capitalized shall have their respective meanings as assigned in
the Agreement; and, in the event of any inconsistencies between this Note and
the terms of the Agreement, the terms of the Agreement shall govern.

     1.   Maturity Date.  The unpaid principal balance of this Note and all
          -------------
accrued but unpaid interest shall be due and payable on August 13, 2002, unless
this Note is earlier converted or paid in accordance with the terms hereof.

     2.   Interest.  The unpaid principal balance outstanding under this Note
          --------
shall bear interest at the rate of eight percent (8%) per annum.

     3.   Payments.  Payments of principal and interest in the amount of Twenty
          --------
Three Thousand Seven Hundred Forty-Four and 32/100 Dollars ($23,744.32) shall be
payable on the ____ day of each month, commencing September 2000.
<PAGE>

     4.   Security Interest.  Payment of this Note is secured by a security
          -----------------
interest in certain collateral, pursuant to the terms and conditions of that
certain Security Agreement entered into between Maker and Holder concurrently
with the execution of this Note (the "Security Agreement").

     5.   Default; Acceleration.  The entire sum of unpaid principal and any
          ---------------------
accrued but unpaid interest hereunder shall become immediately due and payable
without further notice, demand or presentment, at Holder's option, upon the
occurrence at any time of any of the following events of default:

          5.1  Default in the payment of any installment of principal or
interest when due should such default not be cured within five (5) days after
written notice thereof is delivered to Maker at its last known address; or

          5.2  Default under the Security Agreement should such default not be
cured within five (5) days after written notice thereof is delivered to Maker at
its last known address; or

          5.3  An assignment by Maker or Cypress Financial Services, Inc., a
Nevada corporation ("Cypress") of substantially all of its assets for the
benefit of creditors; or

          5.4  The adjudication of Maker or Cypress as a bankrupt (in
involuntary or voluntary proceedings); or

          5.5  The filing by Maker or Cypress of a petition under the Federal
Bankruptcy Act or any comparable state law for a reorganization, arrangement or
other judicial protection upon insolvency.

The foregoing option to accelerate the indebtedness evidenced hereby may be
exercised by Holder at any time after the occurrence of any of the events of
default. The failure to exercise said option upon the occurrence of one or more
of such events of default shall not prevent its exercise upon the reoccurrence
of such an event of default or upon the occurrence of any other event of
default.

     6.   Conversion.
          ----------

          6.1  Optional Conversion.  All or any portion of the unpaid principal
               -------------------
balance outstanding under this Note may be converted into fully paid and
nonassessable shares of Common Stock, $.001 par value per share, of Cypress (the
"Common Stock") at any time during the term of this Note at the option of
Holder. The number of shares of Common Stock into which this Note is to be
converted shall be determined by dividing said unpaid principal balance by
$0.735 (the "Conversion Price"), subject to adjustment as provided in Section 8
below, with any accrued but unpaid interest paid in cash at the time of
conversion.

          6.2  Notice of Conversion.  If Holder desires to convert the Note,
               --------------------
Holder shall provide written notice to Maker at 5400 Orange Avenue, Cypress,
California 90630, Attention: Manuel Occiano, notifying Maker of the requested
conversion to be effected. Within ten (10) days of receipt of such notice, Maker
shall respond to Holder's request in writing, specifying the number of shares of
Common Stock to be issued upon conversion, the amount of accrued interest
<PAGE>

to be paid in cash and the date on which such conversion will occur and calling
upon such Holder to surrender to Maker, in the manner and at the place
designated, this Note. Such response by Maker shall be delivered to Holder at
the address last shown on the records of Maker for Holder or given by Holder to
Maker for the purpose of notice.

          6.3  Mechanics and Effect of Conversion.  No fractional shares of
               ----------------------------------
Common Stock shall be issued upon conversion of this Note. In lieu of issuing
any fractional shares to Holder upon the conversion of this Note, Maker shall
pay to Holder the amount of outstanding principal that is not so converted. Upon
the conversion of this Note, Holder shall surrender this Note, duly endorsed, at
the principal office of Maker. Upon conversion of this Note, Maker shall be
forever released from all its obligations and liabilities under this Note.

          6.4  Delivery of Stock Certificates.  As promptly as practicable after
               ------------------------------
the conversion of this Note, Maker at its expense will cause to be issued and
delivered to Holder a certificate or certificates for the number of full shares
of Common Stock issuable upon such conversion (bearing such legends as are
required by applicable state and federal securities laws in the opinion of
counsel to Maker), together with a check payable to Holder for any cash amounts
payable for any accrued but unpaid interest and fractional shares as described
above. In the event only a portion of this Note is converted, Maker shall, at
the time of delivery of the stock certificate or certificates, deliver to Holder
a new Note evidencing the remaining unpaid principal balance of this Note, which
Note shall in all other respects be identical with this Note.

     7.   Maker Right to Prepay Note.  Subject to the earlier conversion of this
          --------------------------
Note pursuant to Section 6 above, all or any portion of the unpaid principal
balance outstanding under this Note may be prepaid at any time during the term
of this Note at the option of Maker. In the event Maker elects to prepay this
Note, notice of such election shall be given to Holder not less than sixty (60)
days prior to the date of prepayment. Each such notice shall state the amount of
principal to be paid in cash, the date on which such prepayment will occur and
the place at which Holder is to surrender this Note to Maker. Such notice by
Maker shall be delivered to Holder at the address last shown on the records of
Maker for Holder or given by Holder to Maker for the purpose of notice. In the
event only a portion of this Note is prepaid, Maker shall, at the time of
prepayment and receipt of this Note, deliver to Holder a new Note evidencing the
remaining unpaid principal balance of this Note, which Note shall in all other
respects be identical with this Note.

     8.   Adjustments.  The Conversion Price and the number of shares into which
          -----------
this Note may be converted are subject to adjustment from time to time as
follows:

          8.1  Reclassifications, etc.  If Cypress, at any time while this Note,
               ----------------------
or any portion thereof, remains outstanding and unexpired by reclassification of
securities or otherwise, shall change any of the securities as to which
conversion rights under this Note exist into the same or a different number of
securities or any other class or classes, this Note shall thereafter represent
the right to acquire such number and kinds of securities that were subject to
the conversion rights under this Note immediately prior to such reclassification
or other change and the Conversion Price therefor shall be appropriately
adjusted.
<PAGE>

          8.2  Split, Subdivision or Combination of Shares.  If Cypress, at any
               -------------------------------------------
time with this Note, or any portion thereof, remains outstanding and unexpired
shall split, subdivide or combine the securities as to which conversion rights
under this Note exist into a different number of securities of the same class,
then (i) in the case of a split or subdivision, the Conversion Price for such
securities shall be proportionately decreased and the securities issuable upon
conversion of this Note shall be proportionately increased, and (ii) in the case
of a combination, the Conversion Price for such securities shall be
proportionately increased and the securities issuable upon conversion of this
Note shall be proportionately decreased.

     9.   Investment Representations.  Holder acknowledges that this Note and
          --------------------------
the Common Stock issuable upon the conversion of this Note (i) constitute
"securities" under federal and applicable state securities laws, (ii) will be
unregistered as such, and (iii) are being transferred in reliance upon
exemptions from registration based, in part, upon Holder's representations
contained herein. Holder is acquiring such securities for its own account and
not with a view to, or for sale in connection with, any distribution thereof.

     10.  Offset.  Maker shall be entitled to offset amounts otherwise payable
          ------
by Holder to Maker pursuant to Sections 1.4.3 and 7.1.1 of the Agreement.

     11.  No Assignment.  Neither Maker nor Holder shall be entitled to assign,
          -------------
pledge, transfer or otherwise convey the benefits or burdens of this Note
without the prior written consent of the other, except that (i) any entity
acquiring all or substantially all of the assets or stock of Maker shall
automatically acquire the burdens of this Note, however, Maker shall not be
released from its obligations hereunder and (ii) Holder may assign, transfer or
otherwise convey the benefits of this Note to Allen Berman.

     12.  No Stockholder Rights.  Prior to the conversion hereof, nothing
          ---------------------
contained in this Note shall be construed as conferring upon Holder or any other
person the right to vote or to consent or to receive notice as a stockholder in
respect of meetings of stockholders for the election of directors of Maker or
any other matters or any rights whatsoever as a stockholder of Maker.

     13.  Applicable Law.  This Note and the rights and obligations of the
          --------------
parties hereunder shall be construed under, and governed by, the laws of the
State of California without giving effect to conflict of laws provisions.
<PAGE>

     14.  Attorneys' Fees.  In the event of any suit, action or arbitration to
          ---------------
enforce any of the terms or provisions of this Note, the prevailing party shall
be entitled to its reasonable attorneys' fees and costs. The foregoing
entitlement shall also include attorneys' fees and costs of the prevailing party
on any appeal of a judgment and for any action to enforce a judgment.

                                   Cypress Financial Services, Inc.,
                                   a Nevada corporation

                                   By: /s/ Manuel Occiano
                                       __________________________________
                                   Name: Manuel Occiano
                                         ________________________________
                                   Title: President
                                          _______________________________

DO NOT DESTROY THIS ORIGINAL NOTE: When paid, said original Note must be
surrendered to Maker for cancellation and retention.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00014-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00014-of-00352.parquet"}]]