Document:

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                                                              EXHIBIT 4.7

                           CONVERTIBLE PROMISSORY NOTE

$_____________                                      Fountain Valley, California
                                                        _________________, 2000

         1.       FOR VALUE RECEIVED, Providential Holdings, Inc., a Nevada
corporation ("Maker"), promises to pay to the order of ______________________
(Holder"), at such address as Holder may from time to time designate, on or
before the Maturity Date as set forth herein, the principal sum of
__________________________________ Dollars ($_________) ("Loan") plus interest
from the date hereof as computed below.

         2.       The Loan term shall commence on the date set forth above
("Commencement Date") and shall expire on January 14, 2002 ("Maturity Date").

         3.       The principal amount from time to time outstanding shall bear
simple interest from the Commencement Date through the Maturity Date at a rate
ten percent (10% per annum).

         4.       Subject to Section 5 below, upon the expiration of the term of
this Note, whether as a result of maturity, acceleration upon default, permitted
payment of the outstanding balance of this Note, or otherwise, but in no event
later than the Maturity Date, the entire outstanding principal balance under
this Note, together with all accrued and unpaid interest, shall be due and
payable in full.

         5.       (a) Notwithstanding any provision to the contrary contained in
this Note, Holder may, at its option and at any time and from time to time,
convert all or any portion of the then outstanding principal amount and accrued
interest hereunder into that number of fully paid and nonassessable shares
(Shares") of voting common stock in Maker, as such shares shall be constituted
at the date of conversion ("Common Stock), equal to the amount of the then
outstanding principal amount as of the date of conversion divided by five
dollars ($5.00). Holder may exercise this option an more than one occasion, so
long as there still remains an outstanding principal balance under this Note.

                  (b)      In case of any reorganization or recapitalization of
Maker (by reclassification of its outstanding Common Stock, capital stock or
otherwise), or its consolidation or merger with or into another corporation,
Holder shall, upon conversion, be entitled to receive the shares of stock, cash
or other consideration which the Holder would receive upon such reorganization,
recapitalization, consolidation or merger if immediately prior thereto the
conversion had occurred and Holder had exchanged the Shares of Common Stock in
accordance with the terms of such reorganization, recapitalization,
consolidation or merger.

         6.       All payments under this Note shall be applied in the following
order:

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                  (a)      first, to the payment of accrued and unpaid interest
on the principal outstanding balance; and

                  (b)      second, to the reduction of the outstanding principal
balance of this Note.

         7.       All amounts payable under this Note are payable in lawful
money of the United States. Maker shall not be permitted to prepay any amount
due hereunder without the express written consent of Holder, which consent may
be granted or withheld in Holder's sole and absolute discretion.

         8.       It is agreed that time is of the essence in the performance of
all obligations hereunder. An "Event of Default" shall exist hereunder if any
one or more of the following events shall occur and be continuing:

                  (a)      Default in the payment of the indebtedness evidenced
by this Note or any other agreement or instrument evidencing or securing this
Note or otherwise executed and delivered by Maker in connection with the
indebtedness evidenced by this Note (collectively, of time, declaration,
acceleration, or otherwise;

                  (b)      The filing of an involuntary petition under the
United States Bankruptcy Code or any other federal or state bankruptcy statute,
as now in effect or as hereafter amended, against Maker, or if Maker shall allow
the appointment of a receiver, trustee, conservator or liquidator of all or any
part of its assets ("Assets"), or if any of the Assets be levied upon by virtue
of any execution, attachment, tax levy or other writ, or if liens be filed
against the Assets, and such involuntary petition, appointment, levy, or filing,
as the case may be, shall not be released, stayed, bonded or insured against in
favor of Maker, satisfied or vacated within one hundred twenty (120) days after
the occurrence thereof;

                  (c)      The filing by Maker of a petition under the United
States Bankruptcy Code or any other federal or state bankruptcy statute, as now
in effect or as hereafter amended, or if Maker shall make an assignment for the
benefit of its creditors or be unable, whether or not admitted, to pay its debts
as they become due; or

                  (d)      The abandonment of all or any material part of the
Assets.

Upon the occurrence of any Event of Default, the Holder hereof may, at its
option, declare the entire unpaid balance of principal and accrued interest on
this Note to be immediately due and payable, and foreclose all liens and
security interests securing payment thereof or any part hereof. Upon the
occurrence of any of the Events of Default, the entire unpaid balance of
principal and accrued interest upon this Note shall, without any action by
Maker, immediately become due and payable without demand for payment,
presentment, protest, notice of protest and non-payment, or other notice of
default, notice of acceleration and intention to accelerate or any other notice,
all of which are hereby expressly waived by Maker.

         9.       All fees, charges, goods, things in action or any other sums
or things of value, other than the interest resulting from the stated rate or
the Default Pate (collectively, "Additional Sums"), whether pursuant to this
Note, the Loan Documents, or any other document or instrument in any way
pertaining to this lending Transaction, or otherwise with respect to

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this lending transaction, that, under the laws of the States of California or
Nevada, may be deemed to be interest with respect to this lending transaction,
for the purpose of any laws of the States of California or Nevada that may limit
the maximum amount of interest to be charged with respect to this lending
transaction, shall be payable by Maker, and shall be deemed to be additional
interest, and for such purposes only, the agreed upon and "contracted for rate
of interest" of this lending transaction shall be deemed to be increased by the
rate of interest resulting from the Additional Sums. Maker understands and
believes that this lending transaction complies with the usury laws of the
States of California and Nevada.

         10.      Maker and all endorsers, guarantors and all persons liable or
to become liable on this Note, waive presentment, protest and demand, notice of
protest, notice of intent to accelerate, notice of acceleration, and demand and
dishonor and nonpayment of this Note and any and all other notices or matters of
a like nature, and consent to any and all renewals and extensions of the time of
payment hereof, and agree further that at any time and from time to time without
notice, the terms of payment herein may be modified or increased, changed or
exchanged by agreement between Holder and Maker.

         11.      This Note will be governed by and construed in accordance with
the laws of the State of California, except where such law is preempted by the
laws and regulations of the United States.

         12.      If any provision hereof shall, for any reason and to any
extent, be invalid or unenforceable, then the remainder of this Promissory Note
shall not be affected thereby but instead shall be enforceable to the maximum
extent permitted by law.

         13.      All agreements between Maker and Holder are expressly limited
so that in no contingency or event whatsoever, whether by reason of advancement
of the proceeds hereof, acceleration of maturity of the unpaid principal balance
hereof, or otherwise, shall the amount paid or agreed to be paid to Holder for
the use, forbearance or detention of the money to be advanced hereunder exceed
the highest lawful rate permissible under the applicable usury law. If, from any
circumstances whatsoever, fulfillment of any provision hereof or any other
agreement referred to herein or otherwise relating to this Note, at the time
performance of such provision shall be due, shall involve transcending the limit
of validity prescribed by law which a court of competent jurisdiction may deem
applicable thereto, then IPSO FACTO, the obligation to be fulfilled shall be
reduced to the limit of such validity, and if, from any circumstance, Holder
shall ever receive as interest an amount which would exceed the highest lawful
rate, such amount which would be in excess of the lawful interest shall be
applied to the reduction of the unpaid principal balance due hereunder as of the
date such amount is received or deemed to be received by Holder and not to the
payment of interest. This provision shall control every other provision of all
agreements between Maker and Holder. However, in the event an amount determined
to be excess interest is applied against the unpaid principal balance, and
thereafter the rate of interest accruing under this Note decreases, this Note
shall in fact, secure interest at the then highest lawful rate until such time
that the difference between such rate and the interest rate which would
otherwise apply under this Note equals the amount of excess interest previously
applied against principal.

         14.      All notices provided for herein shall be in writing and shall
be (a) personally delivered or delivered by courier service (e.g., Federal
Express) to the party being notified if an individual, or (b) transmitted by
certified or registered mail, return receipt -requested, addressed to all
parties hereto at the address designated for each party as follows:

                To Holder:          _____________________

                                    _____________________

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                                    _____________________

                To Maker:           Henry Fahman, President
                                    Providential Holdings, Inc.
                                    8700 Warner Avenue
                                    Fountain Valley, California 92708

or to such other address as either party may designate in writing. Notice shall
be deemed effective and received upon: (i) the date of receipt if delivered by
courier or by personal delivery, or (ii) five (5) days after the deposit of same
in a letter box or other means provided for the posting of mail, postage prepaid
as provided above.

         15.      As used herein, the term "Maker" shall include the undersigned
Maker and any other person or entity, who may subsequently become liable for the
payment hereof. The term "Holder" shall include Holder as well as any other
person or entity to whom this Note or any interest in this Note is conveyed,
transfer or assigned with the prior written consent of Maker.

         16.      Maker has no redemption rights under this Note.

                                       PROVIDENTIAL HOLDINGS, INC.

                                       By:  /s/  Henry Fahman
                                          -------------------
                                       Henry Fahman, President<PAGE>

EXHIBIT 4.8

                            PROVIDENTIAL HOLDINGS, INC.

                                CONSULTING AGREEMENT

       This agreement is made and entered into on the 4th day of August, 2000,
between Providential Holdings, Inc. ("Company"), a California corporation,
having offices at 8700 Warner Avenue, Fountain Valley, California 92708 and OVS,
Incorporated ("Consultant"), a California corporation, having offices at 2405
Plaza La Playa, San Clemente, California 92672.

                                     WITNESSETH:

       In consideration of the premises and mutual covenants hereinafter
contained, the parties hereto agree as follows:

       1.     THE SERVICES

              The Consultant agrees to provide strategic and tactical direction
and guidance to the Company and assist the Company in international relations,
international product development and international market distribution.
Consultant will specifically be responsible for development of the company
product line and corporate image in Central America, South America and Europe.
Responsibilities will also include research into potential merger or acquisition
candidates from the international marketplace.

       2.     WORK FOR HIRE

              a.     It is the intention of the parties hereto that all rights,
including without limitation copyright in any reports, surveys, marketing
promotional and collateral materials prepared by the Consultant pursuant to the
terms of this Agreement, or otherwise for Company (hereinafter "the Work") vest
in Company.  The parties expressly acknowledge that the Work was specially
ordered or commissioned by Company, and further agree that it shall be
considered a "Work Made for Hire" within the meaning of the copyright laws of
the United States and that Company is entitled as author to the copyright and
all other rights therein, throughout the world, including, but not limited to,
the right to make such changes therein and such uses thereof, as it may
determine in its sole and absolute discretion.

              b.     If, for any reason, the Work is not considered a work made
for hire under the copyright law, then the Consultant hereby grants and assigns
to Company, its successors and assigns, all of its rights, title, and interest
in and to the Work, including, but not limited to, the copyright therein
throughout the world (and any renewal, extension or reversion copyright now or
hereafter provided), and all other rights therein of any nature whatsoever,
whether now known or hereafter devised, including, but not limited to the right
to make such changes therein, and such uses thereof, as Company may determine.

       3.     PROPRIETARY INFORMATION

              a.     For purposes of this Agreement, "proprietary information"
shall mean any information relating to the business of Company or any entity in
which Company has a controlling

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interest and shall include (but shall not be limited to) information
encompassed in all drawings, designs, programs, plans, formulas, proposals,
marketing and sales plans, financial information, costs, pricing information,
customer information, and all methods, concepts or ideas in or reasonably
related to the business of Company.

              b.     Consultant agrees to regard and preserve as confidential,
all proprietary information, whether Consultant has such information in memory
or in writing or other physical form.  Consultant shall not, without written
authority from Company to do so, directly or indirectly, use for the benefit or
purposes, nor disclose to others, either during the term of its engagement
hereunder or thereafter, except as required by the conditions of Consultant's
engagement hereunder, any proprietary information.

              c.     Consultant shall not disclose any reports, recommendations,
conclusions or other results of the Services or the existence or the subject
matter of this contract without the prior written consent of Company.  In
Consultant's performance hereunder, Consultant shall comply with all legal
obligations it may now or hereafter have respecting the information or other
property of any other person, firm or corporation.

              d.     The Consultant expressly agrees that the covenants set
forth in this Paragraph are being given to Company in connection with the
engagement of the Consultant by Company and that such covenants are intended
to protect Company against the competition by the Consultant, within the
terms stated, to the fullest extent deemed reasonable and permitted in law
and equity. In the event that the foregoing limitations upon the conduct of
the Consultant are beyond those permitted by law, such limitations, both as
to time and geographical area, shall be, and be deemed to be, reduced in
scope and effect in the maximum extent permitted by law.

              e.     The foregoing obligations of this Paragraph shall not apply
to any part of the information that (i) has been disclosed in publicly available
sources of information, (ii) is, through no fault of the Consultant, hereafter
disclosed in publicly available sources of information, (iii) is now in the
possession of Consultant without any obligation or confidentiality, or (iv) has
been or is hereafter lawfully disclosed to Consultant by any third party, but
only to the extent that the use or disclosure thereof has been or is rightfully
authorized by that third party.

       4.     INJUNCTIVE RELIEF

              Consultant acknowledges that the injury to Company resulting from
any violation by it of any of the covenants contained in this Agreement will be
of such a character that it cannot be adequately compensated by money damages,
and, accordingly, Company may, in addition to pursuing its other remedies,
obtain an injunction from any court having jurisdiction of the matter
restraining any such violation; and no bond or other security shall be required
in connection with such injunction.

       5.     FEES AND REIMBURSEMENT OF CERTAIN EXPENSES

              a.     Company shall pay Consultant a consulting fee in the
form of restricted and unrestricted stock.  The Company will therefore issue
to consultant Five Hundred Thousand (500,000) shares of stock upon the
execution of this Agreement.  The Company will use its best efforts to file a
registration statement on Form S-8 covering the aforesaid stock.  In
addition, the Company will therefore issue (250,000) shares of the Company's
Common Stock, exercisable in a

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period of less than 12-months with piggy-back restriction rights to be
converted into free trading shares.

              b.     The Consultant shall provide to the Company on the first
day of every month an outline report as to the Services that will be performed
that month.  Within ten (10) days from the end of each and every month,
Consultant will provide to Company a statement as to the work that was performed
for the prior month.

              c.     If in reviewing the statements made by the Consultant to
the Company that are required within ten (10) days after the close of a business
month, Company determines that Consultant is not making sufficient progress in
order to complete work for which Consultant was hired within a reasonable time,
the Company will give written notice to Consultant.  Consultant shall have
fifteen (15) days to complete the work required and provide further reports to
the Company.

       6.     BENEFITS

              The Consultant, as an independent contractor, shall not be
entitled to any other benefits other than the fees and reimbursement of expenses
provided under Paragraph 5 of this Agreement.

       7.     DUTY TO REPORT INCOME

              The Consultant acknowledges and agrees that it is an independent
contractor and not an employee of the Company and that it is Consultant's sole
obligation to report as income all compensation received from Company pursuant
to this Agreement.  The Consultant further agrees that the Company shall not be
obligated to pay withholding taxes, social security, unemployment taxes,
disability insurance premiums, or similar items, in connection with any payments
made to the Consultant pursuant to the terms of this Agreement.

       8.     TERM

              This Agreement shall be effective beginning as of August 4, 2000,
and shall continue until date of delivery of completed product and Services;
provided, however, that either Company or Consultant may terminate this
Agreement in whole or in part at any time upon thirty (30) days' written notice
to the other party.  In the event of termination or upon expiration of this
Agreement, Consultant shall return to Company any and all equipment, documents
or materials, and all copies made thereof, which Consultant received from
Company for the purposes of this Agreement and the Company shall pay to
Consultant the amounts provided in Paragraph 5 hereof through the date of such
termination or expiration.

       9.     INDEMNIFICATION

              The Consultant shall indemnify and save Company harmless from and
against all claims arising in favor of any person, firm or corporation on
account of personal injury or property damage in any way resulting from the
improper or illegal acts of Consultant, its employees or agents.  The foregoing
indemnity shall include all costs incurred by Company, including reasonable
attorneys' fees.

       10.    NOTICES

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              All notices and billings shall be in writing and sent via first
class mail to the respective addresses of the parties set forth at the beginning
of this Agreement or to such other address as any party may designate by notice
delivered hereunder to the other party.

       11.    GENERAL

              a.     The terms and conditions of Paragraphs 3, 4 and 5 hereof
shall survive the termination of this Agreement or completion of the Services as
the case may be.

              b.     Neither the Company nor Consultant shall assign this
Agreement or delegate its duties hereunder and shall not subcontract any of the
Services to be performed hereunder without the prior written consent of the
other party hereto.

              c.     Consultant shall perform the Services as an independent
contractor and shall not be considered an employee of Company or Partner, joint
venturer or otherwise related to Company for any purpose.

              d.     This Agreement shall be governed by the laws of the State
of Ohio.

              e.     This Agreement constitutes the entire understanding between
Consultant and Company respecting the Services described herein.  The terms and
conditions of any purchase order shall have no effect upon this Agreement and
shall be used for accounting purposes only.

              f.     The failure of either party to exercise its rights under
this Agreement shall not be deemed to be a waiver of such rights or a waiver of
any subsequent breach.

              g.     Any delay or nonperformance of any provision of this
Agreement caused by conditions beyond the reasonable control of the
performing party shall not constitute a breach of this Agreement, provided
that the delayed party has taken reasonable measures to notify the other of
the delay in writing. The delayed party's time for performance shall be
deemed to be extended for a period equal to the duration of the conditions
beyond its control.  "Conditions beyond a party's reasonable control"
include, but are not limited to, natural disasters, acts of government after
the date of the Agreement, power failure, fire, flood, acts of God, labor
disputes, riots, acts of war and epidemics. Failure of subcontractors and
inability to obtain materials shall not be considered a condition beyond a
party's reasonable control.

              h.     NON-SOLICITATION OF CONSULTANT'S EMPLOYEES:  Company agrees
not to knowingly hire or solicit Consultant's employees during performance of
this Agreement and for a period of two years after termination of this Agreement
without Consultant's written consent.

              i.     MEDIATION AND ARBITRATION:  If a dispute arises under this
Agreement, the parties agree to first try to resolve the dispute with the help
of a mutually agreed-upon mediator in Orange County, California.  Any costs and
fees other than attorney fees associated with the mediation shall be shared
equally by the parties.  If the dispute is not resolved through mediation, the
parties agree to submit the dispute to binding arbitration in Orange County,
California under the rules of the American Arbitration Association.  Judgment
upon the award rendered by the arbitrator may be entered in any court with
jurisdiction to do so.

              j.     ATTORNEY FEES:  If any legal action is necessary to enforce
this Agreement, the prevailing party shall be entitled to reasonable attorney
fees, costs and expenses.

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              k.     COMPLETE AGREEMENT:  This Agreement together with all
exhibits, appendices or other attachments, which are incorporated herein by
reference, is the sole and entire Agreement between the parties.  This Agreement
supersedes all prior understandings, agreements and documentation relating to
such subject matter.  In the event of a conflict between the provisions of the
main body of the Agreement and any attached exhibits, appendices or other
materials, the Agreement shall take precedence.  Modifications and amendments to
this Agreement, including any exhibit or appendix hereto, shall be enforceable
only if they are in writing and are signed by authorized representatives of both
parties.

              IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement as of the date first above written.

 Signature:  /s/ Henry Fahman            Date: August 4, 2000
           --------------------
             Henry Fahman
             Chief Executive Officer
             Providential Holdings,
             Inc.

 Signature:  /s/ Omar Sanchez            Date: August 4, 2000
           --------------------
             Omar Sanchez
             President
             OVS, Inc.

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