Document:

Exhibit 10.14

                             AMENDED AND RESTATED

                                PROMISSORY NOTE

                             AND PLEDGE AGREEMENT

$950,000.00                                                         Dated as of
                                                                 August 4, 1998
                                                             New York, New York

               David W. Beale ("Maker") promises to pay on August 4, 2001 (the
"Maturity Date"), to the order of ALLIANCE National Incorporated at 90 Park
Avenue, Suite 3100, New York, New York 10016 ("Payee"), the principal amount
of NINE HUNDRED FIFTY THOUSAND DOLLARS ($950,000.00).

               This Note shall accrue interest on the principal amount hereof
at a rate of 5.48% per annum, calculated on the basis of a 365 day year. Maker
shall pay accrued interest annually on August 4 of each year and on the
Maturity Date.

               This Note may be prepaid in whole or in part without premium or
penalty at any time and from time to time at the option of the Maker. Any
prepayments shall be applied first to accrued and unpaid interest, and then to
outstanding principal.

               The rights, duties and obligations of (a) Maker under this Note
may not be assigned without the prior consent of Payee and (b) Payee under
this Note may be assigned without the prior consent of Maker.

               In order to secure (i) the due and punctual payment of all
monetary obligations hereunder of Maker to Payee and any reasonable costs and
expenses (including, but not limited to, all legal fees and expenses) of
collection or enforcement of any such obligations and (ii) the due and
punctual payment of any costs and expenses incurred in connection with the
realization of the security for which this Note provides and any reasonable
costs and expenses (including, but not limited to, all legal fees and
expenses) incurred in connection with any proceedings to which this Note may
give rise (collectively referred to herein as "Liabilities"), Maker hereby
transfers, assigns, grants, bestows, sells, conveys and pledges to Payee a
first security interest in the Collateral (as herein defined), which security
interest shall remain in full force and effect until all of the Liabilities
shall have been paid in full to Payee.

               For purposes of this Note, "Collateral" shall mean all of
Maker's right, title and interest in and to 200,000 shares of Class A Common
Stock, par value $.01 per share, that Maker owns in Payee; and all proceeds
and products thereof (as the foregoing terms are defined in the Uniform
Commercial Code as in effect in the State of New York). Concurrently with the
Maker's execution and delivery of this Note, Maker has (a) duly executed in
blank a stock power required by the pledge of the Collateral hereunder; (b)
delivered the stock certificate representing the Collateral to Payee to be
held by Payee pending the payment in full of this Note; and (c) irrevocably
appointed Payee as Maker's attorney-in-fact to complete the stock power to
realize upon the Collateral upon nonpayment of principal or interest under
this Note, with such appointment being coupled with an interest.

               Except as contemplated by this Note, Maker shall not encumber
or grant a security interest in any of the Collateral, without the prior
written consent of Payee, and Maker hereby represents that he has not done so
heretofore and, other than the grant of the security interest contemplated
hereby, the Collateral pledged by him hereunder is, and will be, owned by him
free and clear of all liens and encumbrances.

               This Note shall be governed by, and construed in accordance
with the internal laws of the State of New York without giving effect to the
conflict of laws provisions thereof.

               IN WITNESS WHEREOF, Maker has executed and delivered this Note
and Pledge Agreement as of the date first above written.

                                             /s/ David W. Beale
                                            ------------------------------
                                            David W. BealeExhibit 10.15

                         SECURED TERM PROMISSORY NOTE

$667,910.00                                                  New York, New York
                                                              December 30, 1999

          FOR VALUE RECEIVED, David W. Beale ("Maker"), an individual
currently residing at 3230 Hewlett Avenue, Merrick, New York 11566, hereby
promises to pay to VANTAS Incorporated, a Nevada corporation ("Payee"), at 90
Park Avenue, New York, New York or at such other place as may hereafter be
designated in writing by Payee, the principal amount of Six Hundred
Sixty-Seven Thousand Nine Hundred Ten Dollars ($667,910.00), together with
interest on the unpaid balance of such principal amount, as provided below.
This term promissory note (this "Note") is issued pursuant to the VANTAS
Incorporated Employee Loan Plan (the "Plan") and is subject to the terms and
conditions contained therein. Capitalized terms used herein and not defined
have the meaning ascribed to them in the Plan.

     1. Payment of Principal. Unless prepaid in full on an earlier date
in accordance with Section 3 hereof, the entire principal balance outstanding
under this Note, together with all accrued and unpaid interest thereon, shall
be due and paid on the third anniversary date of this Note.

     2. Payment of Interest. (a) Interest on the unpaid, non-overdue
principal amount hereof shall accrue from and including the date hereof, to
but excluding the date of payment, at the rate per annum equal to the
Applicable Federal Short-Term Rate in effect on the date hereof (i.e., 5.74%,
compounded annually) under Section 1274(d) of the Internal Revenue Code of
1986, as amended. Such interest shall be paid on the maturity date of this
Note (whether by acceleration or otherwise).

          (1) Interest on (i) overdue principal hereunder, (ii) to the
extent permitted by applicable law, overdue interest and (iii) any other
amounts payable hereunder by Maker shall accrue from and including the date
such amounts become due, but excluding the date of payment, at the rate of
fourteen percent (14%) per annum; provided, however, in no event shall such
interest rate exceed the maximum rate permitted under applicable law.

          (2) All calculations of interest under this Note shall be made
on the basis of the actual number of days elapsed in a 365-day year and
interest shall be compounded annually.

     3. Prepayments. Maker may, at his option, at any time, prepay the
outstanding balance of this Note in whole or in part without penalty. All
prepayments of principal hereunder, whether voluntary or otherwise (including,
but not limited to, prepayment following acceleration of the indebtedness
evidenced by this Note upon the occurrence of an Event of Default), shall be
accompanied by accrued and unpaid interest to the date of prepayment on the
principal amount prepaid.

     4. Security. The obligations of Maker under this Note are secured by and
Payee is entitled to the benefits of a pledge agreement dated
December 30, 1999 (the "Pledge Agreement") by and between Maker and
Payee. The terms and provisions of the Pledge Agreement are hereby
incorporated by reference.

<PAGE>

     5. Event of Default. For purposes of this Note, any of the following
events is an "Event of Default":

          (1) failure to make any payment hereunder when due;

          (2) failure to pay all amounts due under this Note within
sixty (60) days following the date of Maker's death or the effective date of
the termination for any reason of Maker's employment with Payee;

          (3) in the event that the Collateral Value of the Pledged
Property securing this Note is less than one hundred and twenty percent (120%)
of the outstanding principal amount hereunder, the failure of Maker to pledge
additional Collateral within five (5) days following request therefor by Payee
in accordance with the terms and conditions of the Plan and Pledge Agreement;

          (4) Maker applies for or consents to the appointment of a
receiver, trustee, custodian or liquidator of any of his property, admits in
writing his inability to pay his debts as they mature, makes a general
assignment as a bankrupt or insolvent or is the subject of an order for relief
under the United States Bankruptcy Code or files a voluntary petition in
bankruptcy or a petition or answer seeking an arrangement with creditors to
take advantage of any bankruptcy, insolvency, readjustment or debt or
liquidation law or statute, or an answer admitting the material allegations of
a petition filed against him in any proceeding under any such law or statute;

          (5) a court of competent jurisdiction enters an order,
judgment or decree, without the application, approval or consent of Maker,
approving a petition appointing a receiver, trustee, custodian or liquidator
of all or a substantial part of the assets of Maker, and such order, judgment
or decree continues unstayed and in effect for a period of thirty (30) days;
or

          (6) Maker defaults under or breaches any covenant, agreement,
representation or warranty under this Note, the Plan or the Pledge Agreement.

          6. Acceleration. Upon the occurrence of an Event of Default, without
further action by Payee, the unpaid principal amount of this Note, all accrued
and unpaid interest thereon and all other amounts owing by Maker to Payee
hereunder shall be immediately due and payable.

          7. Recourse and Set-Off. The indebtedness represented by this Note
shall be with full recourse to Maker, except for Maker's primary residence and
any assets of Maker in an amount not exceeding twenty percent (20%) of the
principal amount of this Note deposited in a living trust. Maker hereby agrees
that Payee may, upon an Event of Default, set off any amounts owed by Payee to
Maker, for any reason whatsoever, up to the aggregate amount of unpaid
principal and accrued and unpaid interest hereunder, subject in each case to
applicable law.

          8. Manner of Payment. All payments of amounts due hereunder shall be
made in lawful money of the United States of America in immediately available
funds. Whenever any payment hereunder shall be due on a day other than a
Business Day (as hereinafter defined), such payment shall be made on the next
succeeding Business Day, and such extension of time shall be included in the
computation of interest on such amount. For purposes of this Note, the term
"Business Day" means any day of the year other than a Saturday, Sunday or a
holiday on which banks are required or authorized by law to close in New York.

<PAGE>

          9. Determination of Amounts. The unpaid principal amount hereof, the
interest rate applicable to such principal amount and the unpaid amount of all
other obligations contained herein shall be ascertained from the records of
Payee, which records shall be conclusive absent manifest error.

          10. Application of Payments. All payments hereunder shall be applied
first to costs and expenses of collection, if any, then to accrued and unpaid
interest and then to the principal balance hereof.

          11. Waiver and Attorneys' Fees. Maker hereby waives diligence,
presentment, protest and demand, and notice of protest, demand, dishonor,
nonpayment and/or maturity, and all other demands or notices of any sort
whatsoever with respect hereto, and agrees to pay all costs of collection,
including reasonable attorneys fees, which may be incurred in the collection
of this Note or any portion thereof (including the exercise of rights with
respect to any of the Pledged Property).

          12. Amendments. This Note may not be amended or modified except by
an instrument in writing signed by the party against whom enforcement of such
amendment or modification is sought.

          13. Applicable Law, Venue, Jurisdiction and Service of Process. This
Note shall be governed by and construed in accordance with the laws of the
State of New York, without regard for its conflict of laws rules. Maker hereby
(i) irrevocably submits to the nonexclusive jurisdiction of the United States
District Court for the Southern District of New York and of any New York State
court located in the Borough of Manhattan, City of New York, New York for the
purposes of all legal proceedings arising out of or relating to this Note, the
Pledged Property, the Plan or the Pledge Agreement; (ii) irrevocably waives,
to the fullest extent permitted by law, any objection which he may now or
hereafter have to the laying of the venue of any such proceeding brought in
such a court and any claim that any such proceeding brought in such a court
has been brought in an inconvenient forum; (iii) generally appoints, as
attorney-in-fact to receive service of process in all such proceedings, the
individual named in Section 4.2 of the Pledge Agreement to whom copies of
communications given to Maker are to be sent (whose address for purposes of
this Section 13 shall be such individual's address listed in Section 4.2 of
the Pledge Agreement) (the "Agent for Service of Process"); (iv) agrees that
(without prejudice to any other lawful method of service) service of process
upon the Agent for Service of Process shall constitute valid service upon
Maker and (v) agrees that Payee shall be given thirty (30) days' advance
written notice regarding any change related to the Agent for Service of
Process, and so long as any amount remains outstanding and unpaid hereunder to
maintain an agent in New York County for the receipt of process as aforesaid.

          14. WAIVER OF JURY TRIAL. MAKER AND PAYEE HEREBY VOLUNTARILY AND
INTENTIONALLY WAIVE ANY RIGHT EITHER OF THEM MAY HAVE TO A TRIAL BY JURY IN
ANY COURT HAVING JURISDICTION OVER THE MATTER WITH RESPECT TO ANY ACTION,
COUNTERCLAIM OR DEFENSE ARISING OUT OF OR RELATING TO THIS NOTE, THE PLEDGED
PROPERTY, THE PLAN OR THE PLEDGE AGREEMENT.

<PAGE>

          15. Assignment and Remedies. This Note shall be binding upon and
inure to the benefit of Maker and his assigns, and Payee and its successors
and assigns; provided, however, Maker shall not transfer any of his
obligations hereunder without the express prior written consent of Payee. The
rights and remedies of Payee hereunder are cumulative and not exclusive of any
other rights or remedies it may have hereunder, pursuant to other agreements
or at law or equity.

          16. Gender. All words used herein in the masculine shall be
masculine or feminine as proper reading requires.

<PAGE>

          IN WITNESS WHEREOF, Maker has duly executed and delivered this Note
on the date first above written.

                                            By:  /s/ David W. Beale
                                               ---------------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00005-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00005-of-00352.parquet"}]]