Document:

New York, New York                                              $
August 11, 2000

                             SECURED PROMISSORY NOTE

         FOR  VALUE  RECEIVED,  the  undersigned  Global  iTechnology,  Inc.,  a
Delaware  Corporation  with offices at 317 Madison Avenue,  Suite 807, New York,
New  York  10017  ("Borrower"),   promises  to   pay____________,   residing  at
_______________________________  ("Lender"),  the unpaid amount of principal set
forth above, with interest at the Interest Rate (as hereinafter  defined) on the
unpaid principal amount from the date hereof until the said principal amount has
been paid in full,  whether at the  Maturity  Date (as  hereinafter  defined) or
otherwise, all as more fully set forth herein.

         This Note is given by Borrower to Lender pursuant to and is entitled to
the benefits of the Pledge,  Escrow and Security  Agreement  between the parties
hereto of even date  herewith  (the "Loan  Agreement"),  to which  reference  is
hereby made for a more  complete  statement  of the terms and  conditions  under
which the Loan evidenced hereby is made and is to be repaid.  Capitalized  terms
not defined herein shall have the meaning set forth in the Loan Agreement.  This
Note is secured by a lien and security  interest in certain of Borrower's assets
granted by Borrower to Lender, more fully described in the Loan Agreement.

         No reference  herein to the Loan Agreement and no provision of the Note
or the Loan  Agreement  shall alter or impair the  obligation  of the  Borrower,
which is absolute  and  unconditional,  to pay the  principal of and interest on
this Note at the place, at the time and in the currency herein prescribed.

         The "Interest  Rate" shall be eight  percent (8%) per annum,  until the
principal  amount of this  Note,  together  with all  unpaid  accrued  interest,
thereon, shall have been paid in full; provided, however, that in no event shall
the Interest Rate exceed the maximum rate or amount permitted by applicable law.
Accrued interest shall be computed on the basis of a 365 day year for the actual
number of days elapsed during the period for which computed and shall be paid by
Borrower to Lender  together  when  principal  payments are due. Each payment of
principal and interest shall first be applied to accrued  interest due hereunder
and the balance, if any, to the principal hereof.

         The "Maturity Date" shall be the date that is the earlier of August 10,
2001,  or the date that the entire  principal  amount and  interest on this Note
shall become due and payable by reason of acceleration  due to the occurrence of
an Event of Default (as hereinafter  defined) or otherwise.  Borrower shall have
the right,  at any time, to prepay the principal,  in whole or in part,  without
premium or penalty,  upon at least three  Business  Days  irrevocable  notice to
Lender  specifying  (i) the  amount  to be  prepaid  and  (ii)  the date of such
prepayment.  If any such  notice is given,  Borrower  shall make the  prepayment
specified  therein,  and such  prepayment  shall be due and payable as specified
therein.  The Borrower will prepay the entire principal  balance in the

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event it  receives  proceeds  of an  equity  financing  or  financing  exceeding
$1,000,000 on the second business day following the date the Borrower  completes
a  financing  ("Mandatory   Prepayments").   Concurrently  with  each  Mandatory
Prepayment,  the  Borrower  will  pay  interest  (whether  or  not  capitalized)
associated with such Mandatory Prepayment.

EVENTS OF DEFAULT. Each of the following specified events hereby constitutes and
is herein referred to individually as an "Event of Default":

         (a)  Borrower's  failure  to make or cause to be made any  payments  to
Lender  under this Note or under any other note or  agreement  now  existing  or
hereafter to be entered into  between the  undersigned  and Lender when the same
are due; or

         (b)  Default in the due and timely  observance  or  performance  of the
covenants, conditions or agreements of Borrower contained in this Note or in any
other of the Loan Documents relating to the Collateral; or

         (c) If any financial  statement or  representation  or warranty made by
Borrower in connection  with this  transaction  or in any document in connection
with the  instruments,  documents  and  assignments  to be  executed by Borrower
hereunder or pursuant hereto shall be untrue in any material respect on the date
made; or

         (d) Default of any party thereto in the  observance or  performance  by
such party of any material term, covenant, condition, warranty or representation
made or agreed to in any of the Loan Documents; or

         (e) Suspension by Borrower of its business operations; or

         (f) If any  warrant  of  attachment,  execution  of other writ shall be
issued or levied  upon the  proceeds  or amounts  payable  pursuant  to the Loan
Agreement and such attachment, execution or other writ shall remain undischarged
and unstayed for a period in excess of thirty (30) days; or

         (g) If Borrower should become insolvent; or should be unable to pay its
debts as they  mature  (including  failure to pay the Loan);  or should  make an
assignment  for the benefit of creditors or to an agent  authorized to liquidate
any substantial  amount of its properties or assets;  or should file a voluntary
petition in  bankruptcy or seeking  reorganization  or to effect a plan or other
arrangement with creditors;  or should file an answer admitting the jurisdiction
of any court and the  material  allegations  of an  involuntary  petition  filed
pursuant to any legislation or governmental regulation relating to bankruptcy or
organization;  or  should  join in any  petition  for an  adjudication  or for a
reorganization  or other  arrangement;  or  should  become or be  adjudicated  a
bankrupt; or should apply for a consent to the appointment of or consent that an
order be made  appointing  any  receiver or trustee for itself or for any of its
properties, assets or business; or if an order should be entered pursuant to any
legislation or governmental rule relating to bankruptcy or reorganization; or if
a  receiver  or a  trustee  should  be  appointed  otherwise  than  upon its own
application or consent for all or a substantial  part of its properties,  assets
or business  and any such  receiver or trustee so  appointed  is not  discharged
within thirty (30) days after the date of

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such appointment.

         Upon the occurrence of an "Event of Default",  the entire principal sum
and accrued  interest  shall,  upon  written or  telephonic  notice by Lender to
Borrower,  thereupon become due and payable at the option of the Lender. Failure
to exercise  this option shall not  constitute a waiver of the right to exercise
the same in the event of any subsequent default.

         Nothing  herein  will be deemed to limit or  restrict  any of  Lender's
rights  under  the  Loan  Agreement  in  the  event  of a  default  by  Borrower
thereunder,  including,  without  limitation,  Lender's  rights  to deal with or
realize upon the collateral as specified herein or therein.

         All payments of principal and interest in respect of this Note shall be
made in lawful  money of the United  States of America  by, at the option of the
Borrower,  wired to the bank  account of Lender or in same day funds at Lender's
office set forth  above,  or at such place as shall be  designated  by Lender in
writing  pursuant to the Loan  Agreement  for such  purpose.  Until  notified in
writing of the transfer of this Note,  Borrower shall be entitled to deem Lender
or such  person  who has been so  identified  by the  transferor  in  writing to
Borrower  as the holder of this Note as the owner and holder of this Note.  Each
of Lender and any subsequent holder of this Note agrees that before disposing of
this Note or any part hereof it will make a notation hereon of all principal and
interest payments made hereunder.

         All notices and other  communications given hereunder shall be given as
set forth in the Loan Agreement.

         Borrower  consents to any extension of time of payment hereof,  release
of all or any part of the  security,  or  release  of any party  liable for this
obligation. Any such extension or release may be made without notice to Borrower
and without discharging its liability.

         All  parties  to  this  Note,  whether  Borrower,   principal,  surety,
guarantor or endorser,  hereby waive presentment for payment,  demand,  protest,
notice of protest,  notice of dishonor and all other notices in connection  with
this  Note,  except  Borrower  does  not  waive  notice  as to  any  prejudgment
attachment.

         Borrower agrees that all disputes arising, directly or indirectly,  out
of or relating  to this Note and all  actions to enforce  this Note may be dealt
with and adjudicated  exclusively in the state courts of New York or the federal
courts  sitting in the Eastern or  Southern  Districts  of New York,  and hereby
expressly and irrevocably  submits the person to the jurisdiction of such courts
in any suit,  action or proceeding  arising,  directly or indirectly,  out of or
relating  to this  Note or in any  action to  enforce  this  Note.  So far as is
permitted under the applicable law, this consent to personal  jurisdiction shall
be  self-operative  and no further  instrument or action,  other than service of
process in one of the manners specified herein or as otherwise permitted by law,
shall be  necessary  in order to  confer  jurisdiction  upon the  person  of the
Borrower in any such court.

         Provided  that service is effected  upon Borrower in one of the manners
hereafter  specified  in this Note or as otherwise  permitted  by law,  Borrower
irrevocably  waives,  by way of  motion,  as a  defense  or  otherwise  (i)  any
objection  which it may have or may hereafter have to the laying

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of the venue of any such suit,  action or proceeding  brought in such a court as
is  mentioned  in the  previous  paragraph;  (ii) any claim  that any such suit,
action or proceeding brought in such a court has been brought in an inconvenient
forum; or (iii) any claim that it is not personally  subject to the jurisdiction
of the above-named courts;  provided that if service of process is effected upon
Borrower in one of the  manners  specified  in this  paragraph  or as  otherwise
permitted by law,  Borrower  agrees that final  judgment from which Borrower has
not or may not appeal or further  appeal in any such suit,  action or proceeding
brought in such court of competent  jurisdiction shall be conclusive and binding
upon  Borrower  and, may so far as is  permitted  under the  applicable  law, be
enforced in the courts of any state or any federal court and in any other courts
to the  jurisdiction of which Borrower is subject,  by a suit upon such judgment
and that Borrower will not assert any defense,  counterclaim,  or set off in any
such suit upon such judgment.

         Borrower promises to pay all costs and expenses,  including  reasonable
attorney's  fees,  incurred  in the  collection  and  enforcement  of this Note.
Borrower and endorsers of this Note hereby consent to renewals and extensions of
time at or after the Maturity  Date  hereof,  without  notice,  and hereby waive
diligence,  presentment,  protest,  demand and notice of every kind and,  to the
full extend permitted by law, the right to plead any statute of limitations as a
defense to any demand hereunder.

         This Note is  governed  by the laws of the State of New York  excluding
any laws relating to the conflict or choice of laws.

         If any term or provision of this Note or the application thereof to any
persons or circumstance  shall, to any extent, be invalid or unenforceable,  the
remainder of this Note or the  application  of such term or provision to persons
or circumstances  other than those as to which it is held or unenforceable shall
not be affected thereby, and each term and provision of this Note shall be valid
and enforceable to the fullest extent permitted by law.

         IN WITNESS  WHEREOF,  Borrower  has caused this Note to be executed and
delivered by its duly authorized  officer,  as of the day and year and the place
above written.

                                                  GLOBAL iTECHNOLOGY, INC.

                                                  By:___________________________
                                                        Lee R. Montellaro, CFOPLEDGE, ESCROW AND SECURITY AGREEMENT

         AGREEMENT  made August 11, 2000,  between Global  iTechnology,  Inc., a
Delaware corporation, (the "Pledgor"), and _____________, at __________________,
______________________, at _____________________________ and ________________ at
_________________________________ (the "Pledgees").

         WHEREAS,  as of the date of this Agreement,  Pledgees have collectively
loaned  Pledgor  $705,000  of which  $330,000  was  loaned  on the  date  hereof
(together the "Loan"); and

         WHEREAS,  the Loan is evidenced by three promissory  Notes  aggregating
$705,000 principal amount; and

         WHEREAS,  in order to induce the Pledgees to make the Loan, the Pledgor
has agreed to pledge certain stock to the Pledgees.

         It is therefore agreed:

         1. Pledge.

                  In  consideration of the Pledgees making the Loan, the Pledgor
         hereby grants a security interest to the Pledgees in instruments of the
         following  description,  duly endorsed in blank or  accompanied by duly
         endorsed stock powers,  separate  form,  and herewith  delivered to the
         Escrow Agent:

                  Issuer                        No. of Shares    Certificate No.
                  ------                        -------------    ---------------
                  Certificate Express, Inc.      1,875,000

                  The  Pledgor,   simultaneously  with  the  execution  of  this
         Agreement, will deposit the pledged shares with Sommer & Schneider LLP,
         Pledgor's  counsel,  who shall serve as Escrow Agent.  The Escrow Agent
         shall hold the  pledged  shares on the books of the Company in the name
         of the  Pledgor.  The Escrow  Agent  shall hold the  pledged  shares as
         security  for the  repayment  of the Loan and  shall  not  encumber  or
         dispose of the  shares  except in  accordance  with the  provisions  of
         paragraph 8 of this agreement.

         2. Dividends.  During the term of this pledge,  all dividends and other
amounts  received  by the  Pledgor  as a result of his record  ownership  of the
pledged  shares  shall be applied by him to the  payment  of the  principal  and
interest on the Loan.

         3. Voting  Rights.  During the term of this pledge,  and so long as the
Pledgor  is not in  default  in the  performance  of any of the  terms  of  this
agreement  or in the  payment of the  principal  or  interest  of the Loan,  the
Pledgor  shall  have the  right  to vote the  pledged  shares  on all  corporate
questions.

                                       1
<PAGE>

         4. Representations.  The Pledgor warrants and represents that there are
no restrictions  upon the transfer of any of the pledged shares,  other than may
appear on the face of the  certificates,  and that the  Pledgor has the right to
transfer such shares free of any encumbrances and without obtaining the consents
of the other shareholders.

         5. Adjustments.  In the event that, during the term of this pledge, any
share dividend,  reclassification,  readjustment, or other change is declared or
made in the  capital  structure  of the  Company  which has issued  the  pledged
shares, all new, substituted, and additional shares, or other securities, issued
by reason of any such change shall be held by the Pledgees,  pro rata, under the
terms of this  agreement  in the same  manner as the shares  originally  pledged
hereunder.

         6.  Warrants  and  Rights.  In the event  that  during the term of this
pledge,  subscription warrants or any other rights or options shall be issued in
connection with the pledged shares, such warrants,  rights, and options shall be
immediately  assigned by the Pledgor to the  Pledgees to be held under the terms
of this  agreement,  and if  exercised  by the  Pledgor  all new shares or other
securities  so  acquired  by the Pledgor  shall be  immediately  assigned to the
Pledgees,  pro rata to be held  under  the terms of this  agreement  in the same
manner as the shares originally pledged hereunder.

         7.  Payment of Loan.  Upon  payment at  maturity of the  principal  and
interest  of the Loan,  less  amounts  theretofore  received  and applied by the
Pledgees in reduction thereof,  the Pledgees shall return to the Pledgor all the
pledged shares.

         8. Default.  In the event that the Pledgor  defaults in the performance
of any of the terms of this  agreement,  the Pledgees  shall have the rights and
remedies  provided in the Uniform  Commercial  Code in force in the State of New
York at the date of this agreement and to direct the Escrow Agent to deliver the
pledged shares to the Pledgees.

         9. Right in  Collateral;  Agent.  The Pledgees shall have rights in the
pledged shares, pro rata, in accordance with their respective principal balances
outstanding  and hereby  irrevocably  appoint Eli  Oxenhorn,  as their agent and
attorney  in fact to seize upon the  pledged  shares and take such  action as it
deems prudent in the event of a default.

                            [SIGNATURE PAGE FOLLOWS]

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<PAGE>

         IN WITNESS  WHEREOF the parties have executed this agreement on the day
first above written.

                                                PLEDGOR

                                                GLOBAL iTECHNOLOGY, INC.

                                                By:_____________________________
                                                        Lee Montellaro, CFO

                                                PLEDGEES

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