Document:

<PAGE>

Exhibit 10.3

                                 PROMISSORY NOTE

$1,264.90                                                         March 15, 2004

FOR VALUE RECEIVED, the undersigned, Single Source Electronic Transactions,
Inc., of 11242 Playa Court, Culver City, CA 90230 promises to pay to the order
of Becker & Becker Investments, at 12166 Sunset Boulevard, Los Angeles, CA
90049, or such other place as the holder may designate in writing to the
undersigned, the principal sum of One Thousand Two Hundred Sixty Four Dollars
and ninety cents ($1,264.90), together with interest thereon from date hereof
until paid, at the rate of Eight Percent (8%) per annum as follows: One payment
of principal and interest of One Thousand Sixty Six Dollars and nine cents
($1,366.09) on March 15, 2005. All or any part of the aforesaid principal sum
may be prepaid at any time and from time to time without penalty.

In the event of any default by the undersigned in the payment of principal or
interest when due or in the event of the suspension of actual business,
insolvency, assignment for the benefit of creditors, adjudication of bankruptcy,
or appointment of a receiver, of or against the undersigned, the unpaid balance
of the principal sum of this promissory note shall at the option of the holder
become immediately due and payable and the amount then due shall accrue interest
until payment at the rate of ten percent (10%) per annum. In the event of a
default, any payments shall be applied first to accrued interest and the balance
to principal.

The maker and all other persons who may become liable for the payment hereof
severally waive demand, presentment, protest, notice of dishonor or nonpayment,
notice of protest, and any and all lack of diligence or delays in collection
which may occur, and expressly consent and agree to each and any extension or
postponement of time of payment hereof from time to time at or after maturity or
other indulgence, and waive all notice thereof.

In case suit or action is instituted to collect this note, or any portion
hereof, the maker promises to pay such additional sum, as the court may adjudge
reasonable, attorneys' fees in said proceedings.

This note is made and executed under, and is in all respects governed by, the
laws of the State of California. Venue for any action or suit under this
promissory note shall be Los Angeles, California.

Single Source Electronic Transaction, Inc.
By its President,

/s/ Arnold F. Sock
---------------------------
Arnold F. Sock, President<PAGE>

Exhibit 10.4

                                 PROMISSORY NOTE

$27,404.94                                                        March 15, 2004

FOR VALUE RECEIVED, the undersigned, Single Source Electronic Transactions,
Inc., of 11242 Playa Court, Culver City, CA 90230 promises to pay to the order
of Arnold F. Sock, at, of 11242 Playa Court, Culver City, CA 90230, or such
other place as the holder may designate in writing to the undersigned, the
principal sum of Twenty Seven Thousand Four Hundred Four Dollars and ninety-four
cents ($27,404.94), together with interest thereon from date hereof until paid,
at the rate of Eight Percent (8%) per annum as follows: One payment of principal
and interest of Twenty Nine Thousand Five Hundred Ninety Seven Dollars and
thirty- three cents ($29,597.33) on March 15, 2005. All or any part of the
aforesaid principal sum may be prepaid at any time and from time to time without
penalty.

In the event of any default by the undersigned in the payment of principal or
interest when due or in the event of the suspension of actual business,
insolvency, assignment for the benefit of creditors, adjudication of bankruptcy,
or appointment of a receiver, of or against the undersigned, the unpaid balance
of the principal sum of this promissory note shall at the option of the holder
become immediately due and payable and the amount then due shall accrue interest
until payment at the rate of ten percent (10%) per annum. In the event of a
default, any payments shall be applied first to accrued interest and the balance
to principal.

The maker and all other persons who may become liable for the payment hereof
severally waive demand, presentment, protest, notice of dishonor or nonpayment,
notice of protest, and any and all lack of diligence or delays in collection
which may occur, and expressly consent and agree to each and any extension or
postponement of time of payment hereof from time to time at or after maturity or
other indulgence, and waive all notice thereof.

In case suit or action is instituted to collect this note, or any portion
hereof, the maker promises to pay such additional sum, as the court may adjudge
reasonable, attorneys' fees in said proceedings.

This note is made and executed under, and is in all respects governed by, the
laws of the State of California. Venue for any action or suit under this
promissory note shall be Los Angeles, California.

Single Source Electronic Transaction, Inc.
By its President,

/s/ Arnold F. Sock
---------------------------
Arnold F. Sock, President<PAGE>

Exhibit 10.5

                                 PROMISSORY NOTE

$95,803.06                                                        March 15, 2004

FOR VALUE RECEIVED, the undersigned, Single Source Electronic Transactions,
Inc., of 11242 Playa Court, Culver City, CA 90230 promises to pay to the order
of B.A.A.M.S., Inc. at, of 11242 Playa Court, Culver City, CA 90230, or such
other place as the holder may designate in writing to the undersigned, the
principal sum of Ninety Five Thousand Eight Hundred Three Dollars and six cents
($95,803.06), together with interest thereon from date hereof until paid, at the
rate of Eight Percent (8%) per annum as follows: One payment of principal and
interest of One Hundred Three Thousand Four Hundred Sixty Seven Dollars and
thirty cents ($103,467.30) on March 15, 2005. All or any part of the aforesaid
principal sum may be prepaid at any time and from time to time without penalty.

In the event of any default by the undersigned in the payment of principal or
interest when due or in the event of the suspension of actual business,
insolvency, assignment for the benefit of creditors, adjudication of bankruptcy,
or appointment of a receiver, of or against the undersigned, the unpaid balance
of the principal sum of this promissory note shall at the option of the holder
become immediately due and payable and the amount then due shall accrue interest
until payment at the rate of ten percent (10%) per annum. In the event of a
default, any payments shall be applied first to accrued interest and the balance
to principal.

The maker and all other persons who may become liable for the payment hereof
severally waive demand, presentment, protest, notice of dishonor or nonpayment,
notice of protest, and any and all lack of diligence or delays in collection
which may occur, and expressly consent and agree to each and any extension or
postponement of time of payment hereof from time to time at or after maturity or
other indulgence, and waive all notice thereof.

In case suit or action is instituted to collect this note, or any portion
hereof, the maker promises to pay such additional sum, as the court may adjudge
reasonable, attorneys' fees in said proceedings.

This note is made and executed under, and is in all respects governed by, the
laws of the State of California. Venue for any action or suit under this
promissory note shall be Los Angeles, California.

Single Source Electronic Transaction, Inc.
By its President,

/s/ Arnold F. Sock
---------------------------
Arnold F. Sock, President<PAGE>

Exhibit 10.6

                                 PROMISSORY NOTE

$44,986.07                                                        March 15, 2004

FOR VALUE RECEIVED, the undersigned, Single Source Electronic Transactions,
Inc., of 11242 Playa Court, Culver City, CA 90230 promises to pay to the order
of B.M.S. and Associates, at, of 11242 Playa Court, Culver City, CA 90230, or
such other place as the holder may designate in writing to the undersigned, the
principal sum of Forty Four Thousand Nine Hundred Eighty Six Dollars and seven
cents ($44,986.07), together with interest thereon from date hereof until paid,
at the rate of Eight Percent (8%) per annum as follows: One payment of principal
and interest of Forty Eight Thousand Five Hundred Eighty Four Dollars and
ninety-five cents ($48,584.95) on March 15, 2005. All or any part of the
aforesaid principal sum may be prepaid at any time and from time to time without
penalty.

In the event of any default by the undersigned in the payment of principal or
interest when due or in the event of the suspension of actual business,
insolvency, assignment for the benefit of creditors, adjudication of bankruptcy,
or appointment of a receiver, of or against the undersigned, the unpaid balance
of the principal sum of this promissory note shall at the option of the holder
become immediately due and payable and the amount then due shall accrue interest
until payment at the rate of ten percent (10%) per annum. In the event of a
default, any payments shall be applied first to accrued interest and the balance
to principal.

The maker and all other persons who may become liable for the payment hereof
severally waive demand, presentment, protest, notice of dishonor or nonpayment,
notice of protest, and any and all lack of diligence or delays in collection
which may occur, and expressly consent and agree to each and any extension or
postponement of time of payment hereof from time to time at or after maturity or
other indulgence, and waive all notice thereof.

In case suit or action is instituted to collect this note, or any portion
hereof, the maker promises to pay such additional sum, as the court may adjudge
reasonable, attorneys' fees in said proceedings.

This note is made and executed under, and is in all respects governed by, the
laws of the State of California. Venue for any action or suit under this
promissory note shall be Los Angeles, California.

Single Source Electronic Transaction, Inc.
By its President,

/s/ Arnold F. Sock
---------------------------
Arnold F. Sock, President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00070-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00070-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00070-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00070-of-00352.parquet"}]]