Document:

Exhibit 10.45

                  SCHIMATIC CASH TRANSACTIONS NETWORK.COM, INC.

                 Deferred Payment/Payroll Stock Option Agreement

THIS AGREEMENT (this "Agreement") is made as of ______________, 2002, by and
between

         Schimatic Cash Transactions Network.com, Inc., a Utah corporation
         (hereinafter referred to as the "Company"),

         and

         _____________________, an individual resident of the State of
         ____________ (hereinafter referred to as (the "Optionee").

                                    Recitals:

         A. The Optionee is or was previously employed by the Company or an
affiliate thereof or is or was an independent contractor providing services to
the Company or an affiliate and is owed accrued income and/or expenses in
respect of services rendered to the Company or an affiliate.

         B. As a condition to the closing of a transaction between the Company
and CEO America, Inc., all accrued but unpaid amounts owed by the Company or an
affiliate to current and former employees and independent contractors for
remuneration for services must be deferred pursuant to an agreement
substantially similar to this Agreement.

         C. It is the parties' desire to enter into this Agreement to reflect
the current agreement of the parties in regard to the terms and conditions set
forth herein.

                                    Agreement

         NOW THEREFORE in consideration of the mutual promises contained herein
and for other good and valuable consideration, the receipt and sufficiency of
which are acknowledged, the parties hereto agree as follows:

                                    ARTICLE 1
                                 Interpretation

         1.1 Definitions. In this Agreement and the recitals hereto, unless the
context otherwise requires, the following words and expressions shall have the
following meanings:

                  (a) "Common Shares" means shares of common stock of the
         Company, par value $0.001 per share.

                  (b) "Election Exercise" means a notice delivered by the
         Optionee to the Company setting forth the Optionee's election as to the
         method of payment in response to an Election Notice.

                  (c) "Election Notice" means a notice delivered by the Company
         to the Optionee stating that the Optionee may elect to receive all or a
         portion of the Outstanding Remuneration in the methods described
         herein.

                  (d) "Option" means an option to purchase Common Shares granted
         to the Optionee under Section 3.2, on the terms set forth in Article 4,
         to be evidenced by an Option Certificate in the form attached hereto as
         Exhibit B.

<PAGE>

                  (e) "Option Price" means the price per Optioned Share payable
         by the Optionee under an Option, as set forth on Exhibit A attached
         hereto and incorporated herein by reference.

                  (f) "Optioned Shares" means the maximum number of Common
         Shares which an Optionee may purchase pursuant to this Agreement as set
         forth on Exhibit A attached hereto and incorporated herein by
         reference.

                  (g) "Outstanding Remuneration" means the amount owing to an
         employee of the Company or an affiliate of the Company for outstanding
         salary and expense reports, or the amount owing to an independent
         contractor for services rendered plus any disbursements incurred by
         said contractor on behalf of the Company, as set forth on Exhibit A
         attached hereto and incorporated herein by reference.

         1.2 Sections and Headings. The division of this Agreement into Articles
and Sections and the insertion of headings are for convenience of reference only
and shall not affect the construction or interpretation of this Agreement. The
terms "this Agreement", "hereof", "hereunder" and similar expressions refer to
this Agreement and not to any particular Article, Section or other portion
hereof and include any agreement or instrument supplemental or ancillary hereto.
Unless something in the subject matter or context is inconsistent therewith,
references herein to Articles and Sections are to Articles and Sections of this
Agreement.

         1.3 Time Periods. When calculating the period of time within which or
following which any act is to be done or stopped pursuant to this Agreement, the
date, which is the reference date in calculating such period, shall be excluded.

         1.4 Extended Meanings. Words importing the singular number only shall
include the plural and vice versa and words importing gender shall include
masculine, feminine and neuter genders.

         1.5 US Dollars. Unless otherwise provided herein, all monetary amounts
set forth in this Agreement are in US dollars.

                                    ARTICLE 2
                       Release of Outstanding Remuneration

         2.1 Release of Obligation. The Optionee hereby agrees that all
compensation, other income and other payables owing or accrued or to be paid to
the Optionee by the Company or an affiliate, whether or not accrued on the
payor's records, and all other amounts payable by the Company or an affiliate to
the Optionee, which aggregate amount the Optionee represents is equal to the
Outstanding Remuneration, are hereby forgiven and released by Optionee.

                                    ARTICLE 3
                                Optionee's Rights

         3.1 Payments by Company. In consideration of the forgiveness of the
amounts owed to the Optionee, including all pay due through July 31, 2002, the
Optionee has the right to receive from the Company, subject to any use of
proceeds obligations, upon the terms and conditions of this Agreement, an amount
equal to the Outstanding Remuneration in cash, Common Shares, and/or Options.
The Optionee may elect to take all Outstanding Renumeration in Options as
described below, for the full amount.

                              Otherwise:

         3.2 Election Notice. The Company shall give to the Optionee an Election
Notice as follows:

<PAGE>

                  (a) Upon receipt by the Company of third-party equity funds in
         the gross amount of at least $1 million, the Company shall give an
         Election Notice to the Optionee setting forth the Optionee's right to
         elect any one of the following:

                           (1) Receive cash in an amount equal to 10% of the
                  Outstanding Remuneration; or

                           (2) Receive that number of Common Shares equal to 10%
                  multiplied by the quotient determined by dividing the
                  Outstanding Remuneration by seventy percent (70%) of the fair
                  market value of the Common Shares, as determined below: or

                           (3) Receive Options to purchase up to 10% of the
                  total Optioned Shares: or

                           (4) A combination of the above (1), (2) and (3)
                  totaling 10% of the Outstanding Remuneration (valuing each
                  share of Common Stock at 70% of the fair market value thereof
                  and each Option at $0.10 per Optioned Share).

                  (b) Upon receipt by the Company of third-party equity funds in
         the gross amount of at least $1 million in excess of the amounts
         referenced in (a) above, the Company shall give an Election Notice to
         the Optionee setting forth the Optionee's right to elect any one of the
         following:

                           (1) Receive cash in an amount equal to 15% of the
                  Outstanding Remuneration; or

                           (2) Receive that number of Common Shares equal to 15%
                  multiplied by the quotient determined by dividing the
                  Outstanding Remuneration by seventy percent (70%) of the fair
                  market value of the Common Shares, as determined below; or

                           (3) Receive Options to purchase up to 15% of the
                  total Optioned Shares; or

                           (4) A combination of the above (1), (2) and (3)
                  totaling 15% of the Outstanding Remuneration (valuing each
                  share of Common Stock at 70% of the fair market value thereof
                  and each Option at $0.10 per Optioned Share).

                  (c) Upon receipt by the Company of third-party equity funds in
         the gross amount of at least $1 million in excess of the amounts
         referenced in (a) and (b) above, the Company shall give an Election
         Notice to the Optionee setting forth the Optionee's right to elect any
         one of the following:

                           (1) Receive cash in an amount equal to 20% of the
                  Outstanding Remuneration; or

                           (2) Receive that number of Common Shares equal to 20%
                  multiplied by the quotient determined by dividing the
                  Outstanding Remuneration by seventy percent (70%) of the fair
                  market value of the Common Shares, as determined below; or

                           (3) Receive Options to purchase up to 20% of the
                  total Optioned Shares; or

                           (4) A combination of the above (1), (2) and (3)
                  totaling 20% of the Outstanding Remuneration (valuing each
                  share of Common Stock at 70% of the fair market value thereof
                  and each Option at $0.10 per Optioned Share).

<PAGE>

                  (d) Upon receipt by the Company of third-party equity funds in
         the gross amount of at least $1 million in excess of the amounts
         referenced in (a), (b) and (c) above, the Company shall give an
         Election Notice to the Optionee setting forth the Optionee's right to
         elect any one of the following:

                           (1) Receive cash in an amount equal to 25% of the
                  Outstanding Remuneration; or

                           (2) Receive that number of Common Shares equal to 25%
                  multiplied by the quotient determined by dividing the
                  Outstanding Remuneration by seventy percent (70%) of the fair
                  market value of the Common Shares, as determined below; or

                           (3) Receive Options to purchase up to 25% of the
                  total Optioned Shares; or

                           (4) A combination of the above (1), (2) and (3)
                  totaling 25% of the Outstanding Remuneration (valuing each
                  share of Common Stock at 70% of the fair market value thereof
                  and each Option at $0.10 per Optioned Share).

                  (e) Upon receipt by the Company of third-party equity funds in
         the gross amount of at least $1 million in excess of the amounts
         referenced in (a), (b), (c) and (d) above, the Company shall give an
         Election Notice to the Optionee setting forth the Optionee's right to
         elect any one of the following:

                           (1) Receive cash in an amount equal to 30% of the
                  Outstanding Remuneration; or

                           (2) Receive that number of Common Shares equal to 30%
                  multiplied by the quotient determined by dividing the
                  Outstanding Remuneration by seventy percent (70%) of the fair
                  market value of the Common Shares, as determined below; or

                           (3) Receive Options to purchase up to 30% of the
                  total Optioned Shares or

                           (4) A combination of the above (1), (2) and (3)
                  totaling 30% of the Outstanding Remuneration (valuing each
                  share of Common Stock at 70% of the fair market value thereof
                  and each Option at $0.10 per Optioned Share).

Each Election Notice shall contain an Election Exercise in the form attached
hereto as Exhibit C. If the Company shall not have received from the Optionee a
completed Election Exercise on or before the date that is ten (10) days after
the date of the Election Notice, the Optionee shall be deemed to have elected in
each such case to receive Options to purchase Common Shares. In addition, each
payment of cash and/or delivery of stock or options shall be net of any federal
and state taxes required under applicable laws to be withheld therefrom.

         3.3 Fair Market Value. For purposes of this Article III, fair market
value of the Common Shares shall mean the closing price for such stock as quoted
on a registered national securities exchange or, if not listed on a national
exchange, the Nasdaq Stock Market ("Nasdaq"), over the five-day trading period
immediately preceding the date of the Election Notice, or, if not listed on such
an exchange or included on Nasdaq, shall mean the closing price (or, if no
closing price is available from sources deemed reliable by the Company, the
closing bid quotation) for such stock as determined by the Company through any
other reliable means of determination available on the close of business on the
trading day last preceding the date of the Election Notice.

<PAGE>

         3.4 Determination of Number of Optioned Shares. The parties hereto
acknowledge that the number of Optioned Shares is based on the Outstanding
Remuneration at a rate of ten cents ($0.10) per Optioned Share.

         3.5 Valuation of the Company. The parties hereto acknowledge that the
agreed value of the business of the Company used for purposes of determining the
terms of the Option has been determined for purposes of this Agreement only and
that the value of the Company, as a public company, will vary from time to time
and the number of Optioned Shares may effect this valuation either way.

         3.6 Delivery to Optionee. As soon as practicable after receipt by the
Company of the Election Exercise, the Company shall deliver to the Optionee,
based on the Election Exercise, a check for the amount of cash, a certificate or
certificates representing Common Shares, or an Option Certificate evidencing an
Option in the form of Exhibit B attached hereto, as the case may be.

                                    ARTICLE 4
                                     Options

         4.1 Exercise Price. For each Option, the exercise price shall be the
Option Price set forth on Exhibit A for each share of Common Stock purchased.

         4.2 No Rights as Shareholder. The Optionee shall not have any rights as
a shareholder with respect to any Common Shares subject to an Option granted to
such Optionee prior to the date of exercise of such Option by such Optionee and
receipt by the Company of full payment of the purchase price therefor.

         4.3 Term of Option. Each Option shall be immediately exercisable as to
all of the Common Shares subject to the Option. Subject to the other provisions
of this Agreement, the Option may be exercised, in whole or in part, at any time
prior to the second anniversary date of the Election Notice with respect to
which such Option was granted, at which time the Option will expire.

         4.4 Persons Entitled to Exercise. During Optionee's lifetime, the
Option can only be exercised by Optionee, and neither the Option nor any right
thereunder can be transferred other than by testamentary disposition or the laws
of descent and distribution. Neither the Option nor any right thereunder shall
be subject to lien, attachment, execution, or similar process. In the event of
any alienation, assignment, pledge, hypothecation, or other transfer of the
Option or any right thereunder or in the event of any levy, attachment,
execution, or similar process, the Option and all rights granted thereunder
shall be immediately null and void.

         4.5 Method of Exercise. The Option may be exercised, in accordance with
all of the terms and conditions set forth in this Agreement, by delivery of the
Option Certificate evidencing such Option, together with a notice of exercise, a
form of which is attached as Exhibit "A" to the Option Certificate and
incorporated herein by this reference, indicating the number of shares which the
Optionee then elects to purchase and payment made by a personal check, certified
check or official bank check payable to the order of the Company in the amount
of the full Option Price for each Common Share being purchased. If the Option is
not exercised with respect to all Common Shares subject hereto, Optionee shall
be entitled to receive a similar Option Certificate of like tenor covering the
number of Common Shares with respect to which the Option shall not have been
exercised.

<PAGE>

         4.6 Delivery of Shares. As soon as practicable after receipt by the
Company of such notice and of payment in full of the Option Price of all the
Common Shares with respect to which the Option has been exercised, a certificate
or certificates representing such Common Shares having been paid for shall be
issued in the name of the Optionee, or, if the Optionee shall so request in the
notice exercising the Option, in the name of the Optionee and another person
jointly, with right of survivorship, and shall be delivered to the Optionee. To
the extent required by the terms of this Agreement, all Common Shares shall be
issued only upon receipt by the Company of the Optionee's representation that
the shares are purchased for investment and not with a view to distribution
thereof.

         4.7 No Right to Information. The Optionee acknowledges and agrees that
neither the Company, its shareholders, nor its directors and officers, has any
duty or obligation to disclose to the Optionee any material information
regarding the business of the Company or affecting the value of the Option or
Common Shares before or at the time of termination of the employment or other
relationship of the Optionee by the Company including, without limitation, any
information concerning plans for the Company to make a public offering of its
securities or to be acquired by or merged with or into another firm or entity.

         4.8 Withholding. The Company may, in its sole discretion, satisfy any
obligation to withhold income and employment taxes resulting from the grant or
exercise of this Option (or any other event giving rise to such obligation) in
any of the following ways:

                  (a) The Company may require the Optionee to deliver to the
         Company at the time of exercise of the Option an amount of cash equal
         to such withholding obligation.

                  (b) If authorized by the action of the board of directors of
         the Company (or a duly appointed committee of the board) upon request
         by the Optionee, the Company may defer payment of the withholding
         obligation for a reasonable period to allow the Optionee an opportunity
         to sell Common Shares issuable on the exercise of the Option. In the
         event of such deferral, the Optionee hereby grants to the Company a
         continuing security interest in such Common Shares and all proceeds
         thereof and appoints the President of the Company, and any successor
         thereto, as attorney-in-fact to sell the number of shares and collect
         the proceeds therefrom as may be necessary, in the opinion of the
         Company, to satisfy all obligations for the payment of such taxes.

                  (c) The Company may withhold from any compensation or other
         amount owing to Optionee the amount (in cash, Common Shares, or other
         property as the Company may determine) of the withholding obligation.

In all events, delivery of Common Shares issuable on exercise of the Option
shall be conditioned upon and subject to the satisfaction or making provision
for the satisfaction of the withholding obligation of the Company resulting from
the exercise of the Option. The Company is hereby further authorized to take
such other action as may be necessary, in the opinion of the Company, to satisfy
all obligations for the payment of such taxes. To the extent that the holder of
the Option is subject to the provisions of section 16(b) of the Exchange Act,
payment of the withholding and other trust fund requirements of the foregoing
methods shall be subject to the transaction qualifying for an exemption from the
provisions of section 16(b) under rule 16b-3 promulgated pursuant to the
Exchange Act or an amendment or successor rule of like tenor.

                                    ARTICLE 5
                    Representations, Warranties and Covenants

         5.1 Corporate Action of Company. The Company hereby represents and
warrants that at the time of the issuance by the Company of the Election Notice
all necessary corporate action will have been taken to permit the Common Shares
to which the Optionee may be entitled to receive to be validly issued to the
Optionee and recorded on the books of the Company in the name of the Optionee or
his/her nominee upon election to receive such Common Shares or upon exercise of
the Option in whole or in part in accordance with the terms and conditions of
this Agreement.

<PAGE>

         5.2 Availability of Common Shares. The Company will at all times prior
to the expiration of any outstanding Options reserve and keep available such
number of Common Shares as will be sufficient to satisfy the requirements of
this Agreement.

         5.3 Acknowledgments by the Optionee. The Optionee has agreed to the
terms and conditions set forth in this Agreement because of his or her own
personal, business, and financial requirements. In so doing, the Optionee
specifically and voluntarily acknowledges that he or she has no claim for any
wages, compensation, incentives, benefits, or other concomitants of his
relationship with the Company beyond those released in this Agreement. This
Agreement does not affect the rights that are included with compensation earned
in the future, if any. There is no continuing employment relationship with the
Company unless set forth in a separate written employment agreement.

         5.4 The Optionee Release. In consideration of the rights granted to the
Optionee pursuant to the terms and conditions of this Agreement, the Optionee
does fully and irrevocably acquit and forever discharge and release the Company,
its officers, directors, stockholders, agents, employees, representatives and
guarantors, from and against any and all claims, demands, debts, contracts,
actions, or causes of action of any kind or nature whatsoever, whether known or
unknown, suspected or unsuspected, and in whatever legal theory or form, at law
or in equity, which the Optionee may have accrued, arising from, out of, or in
any way connected with all prior negotiations, courses of dealing,
representations, expectations, agreements, arrangements, or transactions between
him or her and the Company, including any act or failure to act or statement or
omission by the Company.

         5.5 Company Release. In consideration of the forgiveness of the
Optionee's accrued income and other payables described in the premises and
paragraph 2.1 herein and the terms and conditions of this Agreement, the Company
does fully and irrevocably acquit and forever discharge and release the Optionee
from and against any and all claims, demands, debts, contracts, actions, or
causes of action of any kind or nature whatsoever, whether known or unknown,
suspected or unsuspected, and in whatever legal theory or form, at law or in
equity, which the Company may now have or may hereafter accrue, arising from,
out of, or in any way connected with all prior negotiations, courses of dealing,
representations, expectations, agreements, arrangements, or transactions with
the Optionee, including any act or failure to act or statement or omission by
the Optionee.

         5.6 Mutual Covenant Not to Sue. The parties hereby covenant and agree
that they will not at any time, directly or indirectly, initiate, maintain, or
prosecute, or in any way knowingly aid in the initiation, maintenance, or
prosecution of, any claim that in any way relates to the scope of this Agreement
against the other.

                                    ARTICLE 6
                                     General

         6.1 Restriction on Transfer. The Common Shares and any Option that the
Optionee may receive pursuant to this Agreement and Common Shares issuable upon
the exercise of any such Option (collectively referred to as the "Securities")
are subject to registration under the Securities Act of 1933, as amended (the
"Securities Act"), and any applicable state securities statutes. The Optionee
acknowledges that unless a registration statement with respect to the Securities
is filed and declared effective by the Securities and Exchange Commission and
the appropriate state governing agency, the Securities have or will be issued in

<PAGE>

reliance on specific exemptions from such registration requirements for
transactions by an issuer not involving a public offering and specific
exemptions under state statutes. Any disposition of the Securities may, under
certain circumstances, be inconsistent with such exemptions. The Securities may
be offered for sale, sold, or otherwise transferred only if (i) registered under
the Securities Act, and in some cases, under the applicable state securities
acts, or, if not registered, (ii) only if such disposition is pursuant to an
exemption from such registration requirements and only after the Optionee
provides an opinion of counsel or other evidence satisfactory to the Company to
the effect that registration is not required. In some states, specific
conditions must be met or approval of the securities regulatory authorities may
be required before any such offer or sale. The Company is under no obligation to
register the Securities with the Securities and Exchange Commission or any state
agency. If rule 144 is available (and no assurance is given that it will be),
only routine sales of the Common Shares in limited amounts can be made after one
year following the acquisition date of the Securities, as determined under rule
144(d), in accordance with the terms and conditions of rule 144. The Company is
under no obligation to make rule 144 available. In the event rule 144 is not
available, compliance with regulation A or some other disclosure exemption may
be required before the Optionee can sell, transfer, or otherwise dispose of the
Securities without registration. The Company and its registrar and transfer
agent will maintain a stop transfer order against the transfer of the
Securities, and the Option and any other certificate or agreement representing
the Securities is subject to the following legend:

         THE SECURITIES REPRESENTED BY THIS OPTION, AGREEMENT, OR CERTIFICATE
         HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
         (THE "SECURITIES ACT"), AND ARE "RESTRICTED SECURITIES" WITHIN THE
         MEANING OF RULE 144 PROMULGATED UNDER THE SECURITIES ACT. THE
         SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD OR
         TRANSFERRED WITHOUT COMPLYING WITH RULE 144 IN THE ABSENCE OF AN
         EFFECTIVE REGISTRATION OR OTHER COMPLIANCE UNDER THE SECURITIES ACT.

The Company may refuse to transfer the Securities to any transferee who does not
furnish in writing to the Company the same representations and warranties set
forth in this paragraph and agree to the same conditions with respect to such
Securities as are set forth herein. The Company may further refuse to transfer
the Securities if certain circumstances are present reasonably indicating that
the proposed transferee's representations are not accurate. In any event, the
Company may refuse to consent to any transfer in the absence of an opinion of
legal counsel, satisfactory to and independent of counsel for the Company, that
such proposed transfer is consistent with the above conditions and applicable
securities laws.

         6.2 Registration. The Company shall have no obligation to register the
Common Shares issuable on election by the Optionee to receive Common Shares or
upon the exercise of an Option. If no registration statement is effective on the
date of such election or exercise, the Common Shares will not be issued unless
and until there is available to the Company evidence, including representations
from the Optionee, that such shares are being acquired for investment and not
for resale, on which the Company may reasonably rely as to the availability of
an exemption from registration in issuing such Common Shares.

         6.3 Limitation on Exercise. If the board of directors of the Company,
in its sole discretion, shall determine that it is necessary or desirable to
list, register, or qualify the Common Shares under any state or federal law, the
Optionee shall not be entitled to receive Common Shares pursuant to any Election
Exercise or exercise of any Option, in whole or part, until such listing,
registration, or qualification shall have been obtained free of any conditions
not acceptable to the board of directors.

<PAGE>

         6.4 Adjustments in Event of Change in Common Shares. In the event of
any change in the issued Common Shares by reason of any stock dividend (other
than dividends in the ordinary course), recapitalization, reorganization,
merger, consolidation, split, combination or exchange of shares, or any similar
change affecting the issued Common Shares, the number and kind of shares which
after such change may be optioned and sold under this Agreement, the number and
kind of shares subject to outstanding Options and/or the Option Price per share
of Optioned Shares shall be appropriately adjusted consistent with such change
in such manner, as the Board deems equitable to prevent substantial dilution or
enlargement of the rights granted to, or available for, Optionee.

         6.5 No Right of Employment; Termination on Breach. Neither this
Agreement nor any Option shall confer upon any Optionee any right with respect
to continuance of employment with or continuance as a director or officer of the
Company or its subsidiaries, or interfere in any way with the right of the
Company or its subsidiaries to terminate any Optionee's employment arrangement
at any time in accordance with applicable law. Subject to the provisions in this
paragraph and to any express resolution passed by the Board with respect to an
Option, this Agreement and all rights to acquire Common Shares pursuant hereto,
shall expire and terminate immediately upon a material breach of the obligations
of the Optionee pursuant to this Agreement or any other agreement or obligation
with the Company, its subsidiaries or any affiliate.

         6.6 Proceeds From Sales Of Shares. Any cash proceeds from the issuance
of Common Shares upon exercise of the Options shall be added to the general
funds of the Company and shall thereafter be used from time to time for such
corporate purposes as the Board may determine.

         6.7 Amendments and Waivers. No modifications, variation, amendment or
termination by mutual consent of this Agreement and no waiver of the performance
of any of the responsibilities of any of the parties hereto shall be effected
unless such action is taken in writing and is signed by all parties. No
amendment to this Agreement shall be valid or binding unless set forth in
writing and duly executed by all of the parties hereto. No waiver of any breach
of any provision of this Agreement shall be effective or binding unless made in
writing and signed by the party purporting to give the same and, unless
otherwise provided in the written waiver, shall be limited to the specific
breach waived.

         6.8 Severability. Each of the covenants, provisions, Articles,
Sections, subsections and other subdivisions hereof is severable from every
other covenant, provisions, Article, Section, subsection and the invalidity or
unenforceability of anyone or more covenants, provisions, Articles, Sections,
subsections or subdivisions of this Agreement shall not affect the validity or
enforceability of the remaining covenants, provisions, Articles, Sections,
subsections and subdivisions hereof.

         6.9 Time of Essence. Time shall be of the essence in this Agreement.

         6.10 Survival. The representations, warranties, covenants,
acknowledgements, and agreements of the respective parties set forth herein
shall survive the Optionee's forgiveness of the Company's debt to him or her,
the Company's delivery of cash, Common Shares and/or Options to the Optionee,
and the execution of this Agreement.

         6.11 Costs of Suit. In the event a party commences a legal proceeding
to enforce any of the terms of this Agreement, the prevailing party in such
action shall have the right to recover reasonable attorneys' fees and costs from
the other party to be fixed by the court in the same action.

         6.12 Notice. Any notice or other written communication required or
permitted hereunder shall be in writing and (a) delivered personally to the
party or, if the party is a corporation, an officer of the party to whom it is
directed; (b) sent by registered mail, postage prepaid, return receipt requested
(provided that such notice or other written communication shall not be forwarded
by mail if on the date of mailing the party sending such communication knows or

<PAGE>

ought reasonably to know of any difficulties with the postal system which might
affect the delivery of mail, including the existence of an actual or imminent
postal service disruption in the city from which such communication is to be
mailed or in which the address of the recipient is found); or (c) sent by
facsimile or telex with all necessary charges fully prepaid, confirmation of
delivery requested. All such notices shall be addressed to the party to whom it
is directed at the following addresses:

         The Optionee:     At the address or facsimile number set forth on
                           Exhibit A attached hereto

         The Company:      Schimatic Cash Transactions Network.com, Inc.
                           18662 MacArthur Blvd.
                           Irvine, CA 92612
                           Facsimile (949) 798-3837

Any party may at any time change its address hereunder by giving notice of such
change of address to the other party or parties in the manner specified in this
section. Any such notice or other written communication shall, if mailed or
given by telegram, be effective on the day it is first attempted to be delivered
to such party at such address (whether or not such delivery takes place), and if
given by personal delivery or facsimile, shall be effective on the day of actual
delivery or transmission.

         6.13 Entire Agreement. This Agreement constitutes and contains the
entire and only agreement among the parties relating to the matters described
herein and supersedes and cancels any and all previous agreements and
understandings between all or any of the parties relative hereto. Any and all
prior and contemporaneous negotiations, memoranda of understanding or position,
and preliminary drafts and prior versions of this Agreement, whether signed or
unsigned, between the parties leading up to the execution hereof shall not be
used by any party to construe the terms or affect the validity of this
Agreement. There are no representations, inducements, promises, understandings,
conditions or warranties express, implied or statutory, between the parties
other than as expressly set forth in this Agreement.

         6.14 Application of Agreement. This Agreement shall be binding upon and
ensure to the benefit of the parties hereto and their respective heirs,
administrators, executors, successors and permitted assigns. Except as
hereinafter provided, neither of the parties hereto may assign its rights or
obligations under this Agreement without the prior written consent of the other
party hereto.

         6.15 Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of California without regard to its
governing principals on conflicts of law and the laws of the United States
applicable therein.

         6.16 Execution. This Agreement may be executed in several counterparts,
each of which, when so executed, shall be deemed to be an original, and such
counterparts together shall constitute one and the same instrument.

         IN WITNESS WHEREOF the parties have executed this agreement.

                                   The Company:

                                   Schimatic Cash Transactions Network.com, Inc.

                                   By ____________________________________
                                     Name:
                                     Title:

                                  The Optionee:

<PAGE>

                                    EXHIBIT A

      Attached to and made a part of that certain Deferred Payment/Payroll
                             Stock Option Agreement

         Name of Optionee:

         Address of Optionee

                                               Facsimile (      )

         Outstanding Remuneration:             $           Through July 31, 2002

         Option Price:                         $0.10       per Optioned Share

         Maximum number of Optioned
         Shares that may be granted to
         Optionee*:

* The actual number of shares that may be purchased will be reduced if the
Optionee elects to receive payments of cash or Common Shares upon the receipt of
an Election Notice.

<PAGE>

                                    EXHIBIT B
                           Form of Option Certificate

              Attached to and made a part of that certain Deferred
                     Payment/Payroll Stock Option Agreement

                  SCHIMATIC CASH TRANSACTIONS NETWORK.COM, INC.

                            Stock Option Certificate

--------------------------------------------------------------------------------
       It is important that you retain this document. This original Stock
       Option Certificate must be delivered to the Company on exercise or
                             transfer of the option.
--------------------------------------------------------------------------------

         THIS STOCK OPTION CERTIFICATE evidences the grant of non-qualified
stock options (the "Option") granted this ______ day of __________, 20____, by
Schimatic Cash Transactions Network.com, Inc., a Florida corporation (the
"Company"), pursuant to a resolution of the board of directors of the Company
dated June ____, 2002, to _____________________ ("Optionee").

         1. Certain Information and Defined Terms. The following information and
defined terms are made part of the Option:

         Options Granted:           ___________________ (__________)

         Option Price:              $0.10

         Vesting Schedule: 100% on grant

         Expiration Date:           second anniversary of the date of the
                                    Election Notice pursuant to which this
                                    Option was granted

         2. Grant of Option. The Company hereby irrevocably grants to Optionee
the right and option to purchase all or any part of an aggregate number of
shares of common stock of the Company, par value $0.001 per share (the "Common
Shares"), equal to the Options Granted set forth above on the terms and
conditions hereinafter set forth and subject to the provisions of that certain
Deferred Payment/Payroll Stock Option Agreement (the "Agreement") between the
Company and Optionee.

         3. Exercise Price. The exercise price of this Option shall be the
Option Price set forth above for each Common Share purchased.

         4. Term of Option. This Option shall be exercisable in accordance with
the Vesting Schedule set forth above. Subject to the other provisions of this
Option and the Agreement, this Option may be exercised, in whole or in part, at
any time prior to the Expiration Date set forth above, at which time this option
will expire.

         EXECUTED as of the date first above written.

                                   Schimatic Cash Transactions Network.com, Inc.

                                   By:________________________________________
                                      Duly Authorized Officer

Agreed and Accepted:

Optionee

<PAGE>

                                  Exhibit "A"
                          To Stock Option Certificate

                                Form of Exercise
                   (to be signed only upon exercise of Option)

TO:  Schimatic Cash Transactions Network.com, Inc.

         The undersigned, the owner of the attached Option, hereby irrevocably
elects to exercise the purchase rights represented by the Option for, and to
purchase thereunder, _________________ shares of Common Stock of Schimatic Cash
Transactions Network.com, Inc. Enclosed is payment in the amount of
$_________________, the exercise price of the Common Stock to be acquired.
Please have the certificate(s) registered in the name of ______________________
and delivered to __________________________. If this exercise does not include
all of the Common Stock covered by the attached Option, please deliver a new
option of like tenor for the balance of the Common Stock to the undersigned at
the foregoing address.

         DATED this ____ day of ______________, 20___.

                                                         _______________________
                                                          Signature of Optionee

<PAGE>

                                    EXHIBIT C
                            Form of Election Exercise

              Attached to and made a part of that certain Deferred
                     Payment/Payroll Stock Option Agreement

                                ELECTION EXERCISE

To:      Schimatic Cash Transactions Network.com
         ___________________
         ___________________, CA ________

         Pursuant to that Election Notice dated _____________________, the
undersigned hereby elects to receive the following:

         [ ]      Cash in the amount of $_________________.

         [ ]      ______________ shares of common stock of Schimatic Cash
                  Transactions Network.com, Inc. ("SCTN"), based on seventy
                  percent (70%) of the fair market value of such shares on the
                  date of the Election Notice of $_________ per share.

         [ ]      Options to purchase _____________ shares of common stock of
                  SCTN at any time prior to the second anniversary date of the
                  Election Notice, at an exercise price of ten cents ($0.10) per
                  share.

         If the undersigned elects to receive shares of SCTN or options to
purchase such shares, the undersigned hereby confirms and acknowledges that the
shares or options are being acquired solely for the account of the undersigned
and not as a nominee for any other person or entity, and for investment, and
that the undersigned will not offer, sell or otherwise dispose of any such
membership interest except under circumstances that will not result in a
violation of the Securities Act of 1933, as amended, or any applicable state
securities or "blue sky" laws, rules or regulations.

Date                                                 ___________________________
                                                     (Signature of Optionee)
                                                     Type or Print Name:Exhibit 10.46

                               Security Agreement

                         ($4,500,000 Principal Amount of
                      Secured Convertible Promissory Notes)

         This Security Agreement (the "Security Agreement") is made as of
September 1, 2002, by and between SCHIMATIC Cash Transactions Network.com, Inc.,
a Florida corporation, IC One, Inc., a Delaware corporation, Smart Chip
Technologies, L.L.C., a Utah limited liability company (collectively,
"Grantor"), and the several Secured Parties identified on the counterpart
signature pages hereto, as summarized thereon (each a "Secured Party" and
together, "Secured Parties").

         THE PARTIES HERETO AGREE AS FOLLOWS:

         For and in consideration of the mutual premises and covenants set forth
herein, the receipt and adequacy of which are hereby acknowledged, it is hereby
agreed as follows.

         1. Grant of Security Interest. As collateral security for the prompt
and complete payment and performance of the outstanding principal balance and
all accrued and unpaid interest on those certain Secured Convertible Promissory
Notes (the "Notes") in the aggregate principal balance of not to exceed
$4,500,000 issued in a series ("Series") to Secured Parties, including any
extensions, modification, or renewals thereof, Grantor hereby grants a security
interest and mortgage to Secured Parties, as security, in and to Grantor's
entire right, title and interest in, to and under the following (all of which
shall collectively be called the "Collateral"):

                  (a) any and all copyright rights, copyright applications,
         copyright registrations and like protections in each work or authorship
         and derivative work thereof, whether published or unpublished and
         whether or not the same also constitutes a trade secret, now or
         hereafter existing, created, acquired or held, including without
         limitation those set forth on Exhibit A attached hereto (collectively,
         the "Copyrights");

                  (b) any and all trade secrets and any and all intellectual
         property rights in computer software and computer software products now
         or hereafter existing, created, acquired or held;

                  (c) any and all design rights that may be available to Grantor
         now or hereafter existing, created, acquired or held;

                  (d) all patents, patent applications and like protections
         including without limitation improvements, divisions, continuations,
         renewals, reissues, extensions and continuations-in-part of the same,
         including without limitation the patents and patent applications set
         forth on Exhibit B attached hereto (collectively, the "Patents");

                  (e) any trademark and servicemark rights, whether registered
         or not, applications to register and registrations of the same and like
         protections, and the entire goodwill of the business of Grantor
         connected with and symbolized by such trademarks, including without
         limitation those set forth on Exhibit C attached hereto (collectively,
         the "Trademarks");

                  (f) any and all internet domain names owned or reserved by the
         Company or its affiliates;

<PAGE>

                  (g) any and all claims for damages by way of past, present and
         future infringement of any of the rights included above, with the
         right, but not the obligation, to sue for and collect such damages for
         said use or infringement of the intellectual property rights identified
         above;

                  (h) all licenses or other rights to use any of the Copyrights,
         Patents or Trademarks and all license fees and royalties arising from
         such use to the extent permitted by such license or rights;

                  (i) all amendments, renewals and extensions of any of the
         Copyrights, Trademarks or Patents; and

                  (j) all proceeds and products of the foregoing, including
         without limitation all payments under insurance or any indemnity or
         warranty payable in respect of any of the foregoing.

         2. Authorization and Request. Grantor authorizes and requests that the
Register of Copyrights and the Commissioner of Patents and Trademarks record
this Security Agreement.

         3. Covenants and Warranties. Grantor represents, warrants, covenants
and agrees as follows:

                  (a) Grantor is now the sole owner of the Collateral, except
         for licenses granted by Grantor to its customers in the ordinary course
         of business.

                  (b) Performance of this Security Agreement does not conflict
         with or result in a breach of any agreement to which Grantor is a party
         or by which Grantor is bound, except to the extent that certain
         intellectual property agreements prohibit the assignment of the rights
         thereunder to a third party without the licenser's or other party's
         consent and this Security Agreement constitutes an assignment.

                  (c) During the term of this Security Agreement, Grantor will
         not transfer or otherwise encumber any interest in the Collateral,
         except for nonexclusive licenses granted by Grantor in the ordinary
         course of business or as set forth in this Security Agreement.

                  (d) To its knowledge, each of the Patents is valid and
         enforceable, and no part of the Collateral has been judged invalid or
         unenforceable, in whole or in part, and no claim has been made that any
         part of the Collateral violates the rights of any third party.

                  (e) Grantor shall promptly advise Secured Parties of any
         material change in the composition of the Collateral, including but not
         limited to any subsequent ownership right of the Grantor in or to any
         Copyright, Trademark, or Patent not specified in this Security
         Agreement.

                  (f) Grantor shall (i) protect, defend and maintain the
         validity and enforceability of the Copyrights, Trademarks and Patents;
         (ii) use its best efforts to detect infringements of the Copyrights,
         Trademarks, and Patents and promptly advise Secured Parties in writing
         to material infringements detected; and (iii) not allow any Copyrights,
         Trademarks, or Patents to be abandoned, forfeited or dedicated to the
         public without the written consent of Secured Parties, which shall not
         be unreasonably withheld, unless Grantor determines that reasonable
         business practices suggest that abandonment is appropriate.

                  (g) Grantor shall register or cause to be registered (to the
         extent not already registered) with the United States Patent and
         Trademark Office or the United States Copyright Office, as applicable,

                                       2
<PAGE>

         those intellectual property rights listed on Exhibits A, B and C hereto
         within 30 days of the date of this Security Agreement. Grantor shall
         register or cause to be registered with the United States Patent and
         Trademark Office or the United States Copyright Office, as applicable,
         those additional intellectual property rights developed or acquired by
         Grantor from time to time in connection with any product prior to the
         sale or licensing of such product to any third party (including without
         limitation revisions or additions to the intellectual property rights
         listed on such Exhibits A, B and C). Grantor shall, from time to time,
         execute and file such other instruments and take such further actions
         as Secured Parties may reasonably request from time to time to perfect
         or continue the perfection of Secured Parties interest in the
         Collateral.

                  (h) This Security Agreement creates, and in the case of after
         acquired Collateral, this Security Agreement will create at the time
         Grantor first has rights in such after acquired Collateral, in favor of
         Secured Parties, a valid and perfected first priority security interest
         in the Collateral in the United States securing the payment and
         performance of the obligations evidenced by the Note upon making the
         filings referred to in clause (i) below.

                  (i) To its knowledge, except for and upon the filing with the
         United States Patent and Trademark office with respect to the Patents
         and Trademarks and the Register of Copyrights with respect to the
         Copyrights necessary to perfect the security interests created
         hereunder, and except as has been already made or obtained, no
         authorization, approval or other action by, and no notice to or filing
         with, any U.S. governmental authority or U.S. regulatory body is
         required either (i) for the grant by Grantor of the security interest
         granted hereby or for the execution, delivery or performance of this
         Security Agreement by Grantor in the United States; or (ii) for the
         perfection in the United States or the exercise by Secured Parties of
         its rights and remedies hereunder.

                  (j) All information heretofore, herein or hereafter supplied
         to Secured Parties by or on behalf of Grantor with respect to the
         Collateral is accurate and complete in all material respects.

                  (k) Grantor shall not enter into any agreement that would
         materially impair or conflict with Grantor's obligations hereunder
         without Secured Parties prior written consent, which consent shall not
         be unreasonably withheld. Grantor shall not permit the inclusion in any
         material contract to which it becomes a party of any provisions that
         could or might in any way prevent the creation of a security interest
         in Grantor's rights and interests in any property included within the
         definition of the Collateral acquired under such contracts, except that
         certain contracts may contain anti-assignment provisions that could in
         effect prohibit the creation of a security interest in such contracts
         if Grantor is required, in its commercially reasonable judgment, to
         accept such provisions.

                  (l) Upon any executive officer of Grantor obtaining actual
         knowledge thereof, Grantor will promptly notify Secured Parties in
         writing of any event that materially adversely affects the value of any
         Collateral, the ability of Grantor to dispose of any Collateral, or the
         rights and remedies of Secured Parties in relation thereto, including
         the levy of any legal process against any of the Collateral.

                                       3
<PAGE>

         4. Secured Parties Rights. Secured Parties shall have the right, but
not the obligation, to take, at Grantor's sole expense, any actions that Grantor
is required under this Security Agreement to take, but which Grantor fails to
take, after 15 days' notice to Grantor. Grantor shall reimburse and indemnify
Secured Parties for all reasonable costs and reasonable expenses incurred in the
reasonable exercise of its rights under this section 4.

         5. Inspection Rights. Grantor hereby grants to Secured Parties and its
employees, representatives and agents the right to visit, during reasonable
hours upon prior reasonable written notice to Grantor, any of Grantor's plants
and facilities that manufacture, install or store products (or that have done so
during the prior six-month period) that are sold utilizing any of the
Collateral, and to inspect the products and quality control records relating
thereto.

         6. Further Assurances; Attorney-in-Fact.

                  (a) On a continuing basis, Grantor will make, execute,
         acknowledge, deliver, file and record, in the proper filing and
         recording places in the United States, all such instruments, including
         appropriate financing and continuation statements and collateral
         agreements and filings with the United States Patent and Trademark
         Office and the Register of Copyrights, and take all such action as may
         reasonably be deemed necessary or advisable, or as requested by Secured
         Parties, to perfect Secured Parties security interest in all
         Copyrights, Patents and Trademarks and otherwise to carry out the
         intent and purposes of this Security Agreement, or for assuring and
         confirming to Secured Parties the grant or perfection of a security
         interest in all Collateral.

                  (b) Grantor hereby irrevocably appoints Secured Parties as
         Grantor's attorney-in-fact, with full authority in the place and stead
         of Grantor and in the name of Grantor, from time to time in Secured
         Parties discretion, to take any action and to execute any instrument
         that Secured Parties may deem necessary or advisable to accomplish the
         purposes of this Security Agreement, including (i) to modify, in its
         sole discretion, this Security Agreement without first obtaining
         Grantor's approval of or signature to such modification by amending
         Exhibit A, Exhibit B and Exhibit C thereof, as appropriate, to include
         reference to any right, title or interest in any Copyrights, Patents or
         Trademarks acquired by Grantor after the execution hereof or to delete
         any reference to any right, title or interest in any Copyrights,
         Patents or Trademarks in which Grantor no longer has or claims any
         right, title or interest, (ii) to file, in its sole discretion, one or
         more financing or continuation statements and amendments thereto,
         relative to any of the Collateral without the signature of Grantor
         where permitted by law, and (iii) after the occurrence of an Event of
         Default, to transfer the Collateral into the name of Secured Parties or
         a third party to the extent permitted under the California Uniform
         Commercial Code.

         7. Events of Default. The occurrence of any of the following shall
constitute an Event of Default under the Security Agreement.

                  (a) an Event of Default occurs under the Investment Documents;
         or

                  (b) Grantor breaches any warranty or agreement made by Grantor
         in this Security Agreement and, as to any breach that is capable of
         cure, Grantor fails to cure such breach within 10 days of the
         occurrence of such breach.

                                       4
<PAGE>

         8. Remedies. Upon the occurrence and continuance of an Event of
Default, Secured Parties shall have the right to exercise all the remedies of a
secured party under the Utah Uniform Commercial Code, including without
limitation the right to require Grantor to assemble the Collateral and any
tangible property in which Secured Parties have a security interest and to make
it available to Secured Parties at a place designated by Secured Parties.
Secured Parties shall have nonexclusive, royalty free license to use the
Copyrights, Patents and Trademarks to the extent reasonably necessary to permit
Secured Parties to exercise its rights and remedies upon the occurrence of an
Event of Default. Grantor will pay any expenses (including reasonable attorneys'
fees) incurred by Secured Parties in connection with the exercise of any of
Secured Parties rights hereunder, including without limitation any expense
incurred in disposing of the Collateral. All of Secured Parties rights and
remedies with respect to the Collateral shall be cumulative.

         9. Limitation on Suits. No individual Secured Party shall have any
right to institute any proceedings, judicial or otherwise, with respect to this
Security Agreement, or for the appointment of a receiver or trustee, or for any
remedy hereunder, unless such holder has previously given written notice to the
Company of a continuing event of default as provided above; it being understood
and intended that no one or more Secured Parties shall have any right in any
manner whatever by virtue of or by availing of any provisions of this Security
Agreement to effect, disturb or prejudice the right of any other Secured
Parties, or to obtain or to seek to obtain priority or preference over any other
Secured Parties, or to enforce any right under this Security Agreement, except
in the manner herein provided and for the equal and ratable benefit of all
Secured Parties.

         10. Acts of Secured Parties. Any request, demand, authorization,
direction, notice, consent, waiver or other action provided by this Security
Agreement to be given or taken by the Secured Parties may be embodied in and
evidenced by one or more instruments of substantially similar tenor signed by
such Secured Parties in person, or by their agent or attorney-in-fact duly
appointed in writing; and, except as otherwise expressly provided herein, such
action shall become effective when such instrument or instruments are delivered
to the Company in the manner provided for giving notices herein. Such instrument
or instruments, and the action embodied therein or evidenced thereby, are herein
sometimes referred to as the "act" of the Secured Parties signing such
instrument or instruments. Proof of execution of any such instrument or of a
writing appointing any such agent shall be sufficient for any purpose of this
Security Agreement if the fact and date of execution by any person of any such
instrument or writing are verified by the affidavit of a witness of such
execution. The request, demand, authorization, direction, notice, consent,
waiver or other action by a Secured Party shall bind such Secured Party's
successors and assigns.

         11. Notices to Secured Parties; Waiver. Where this Security Agreement
provides for notice to Secured Parties of any event, such notice shall be
sufficiently given if in writing and mailed, registered, postage prepaid, to
each Secured Parties affected by such event, at his or her address as it appears
in the records Note register maintained by the Company, not later than the
latest date and not earlier than the earliest date, prescribed for the giving of
such notice. The Company shall provide a copy of the Note register upon the
written request of any holder of Notes in this Series. In any case, where notice
to holders is given by mail, neither the failure to mail such notice nor any
defect in any notice so mailed to any particular holder shall affect the
sufficiency of such notice with respect to holders of other Notes issued in this
Series. Where the Security Agreement provides for notice to the Company, such
notice shall be sufficiently given if in writing and mailed, registered and
postage prepaid, to the Company at its address set forth above (or at such other
address as shall be provided to the Secured Parties in the manner for giving
notices set forth herein), not later than the latest date and not earlier than
the earliest date, prescribed for the giving of such notice. Where this Security
Agreement provides for notice in any manner, such notice may be waived in
writing by the person entitled to receive such notice, whether before or after
the event, any such waiver shall be equivalent of such notice.

                                       5
<PAGE>

         12. Indemnity. Grantor agrees to defend, indemnify and hold harmless
Secured Parties and its officers, employees and agent against:

                  (a) all obligations, demands, claims and liabilities claimed
         or asserted by any other party in connection with the transactions
         contemplated by this Security Agreement, and

                  (b) all losses or expenses in any way suffered, incurred or
         paid by Secured Parties as a result of or in any way arising out of,
         following or consequential to transactions between Secured Parties and
         Grantor, whether under this Security Agreement or otherwise (including
         without limitation reasonable attorneys' fees and reasonable expenses),
         except for losses arising from or out of Secured Parties gross
         negligence or willful misconduct.

         13. Course of Dealing. No course of dealing, failure to exercise, or
delay in exercising any right, power or privilege hereunder shall operate as a
waiver thereof.

         14. Attorneys' Fees. If any action relating to this Security Agreement
is brought by either party hereto against the other party, the prevailing party
shall be entitled to recover reasonable attorneys' fees, costs and
disbursements.

         15. Amendments. This Security Agreement may be amended only by a
written instrument signed by both parties hereto.

         16. Counterparts. This Security Agreement may be executed in two or
more counterparts, each of which shall be deemed an original, but all of which
together shall constitute the same instrument.

         17. Utah Law and Jurisdiction. This Security Agreement shall be
governed by the laws of the state of Utah, without regard for choice of law
provisions. Grantor and Secured Parties consent to the exclusive jurisdiction of
any state or federal court located in Salt Lake County, Utah.

         IN WITNESS WHEREOF, this Security Agreement has been duly executed as
of the date first above written.

                                   GRANTOR:

                                   SCHIMATIC Cash Transactions Network.com, INC.

                                   By _________________________________________
                                      Bernard McHale, C.E.O. and Treasurer

                                   SMART CHIP TECHNOLOGIES, LLC

                                   By _________________________________________
                                      _________________________________, Manager

                                   IC ONE, INC.

                                   By __________________________________________
                                      _______________________________, President

                                       6
<PAGE>

                               Security Agreement

                           Counterpart Signature Page

         The undersigned Secured Party hereby executes this counterpart
signature page and joins in that certain SECURITY AGREEMENT entered into and
effective as of the 1 day of September, 2002, between and among SCHIMATIC Cash
Transactions Network.com, Inc., a Florida corporation, IC One, Inc., a Delaware
corporation, Smart Chip Technologies, L.L.C., a Utah limited liability company,
and the several Secured Parties as identified on the counterpart signature page
thereto, and acknowledge that this counterpart signature page may be affixed
with other counterpart signature pages of substantially like tenor executed by
the other Secured Parties, parties to such Security Agreement, to constitute an
original and which taken together shall be but a single instrument.

_______________________
(Signature)

David J. Simon
(Printed name)

                                       7
<PAGE>

                                    EXHIBIT A

                                   Copyrights

All Corporate, Technical, and Marketing Documents in MS Word, WordPerfect, MS
PowerPoint, MS Excel, Adobe Acrobat, Visio, MicroGrafix and HTML related to any
Software or business practices including but not limited to:

1.       All front-end, back-end, and supporting software related to the Kids
         Card program for cardholder loyalty and charity.

2.       All e-llegiance software designed for smart chips or other portable
         devices and associated card acceptance devices

3.       All LoyaltyCentral software for loyalty transaction processing

4.       All LoyaltyCentral.com portal software for program managers,
         cardholders and other entities to manage loyalty programs.

5.       All business practices, history, or future projections of SCTN or any
         affiliated organizations.

<PAGE>

                                    EXHIBIT B

                                     Patents

The Patents shall include all of Grantor's right, title and interest in and to
the intellectual property, proprietary information, data, processes, inventions,
trade secrets, know-how, formulas, designs, drawings, software, information,
performance data, algorithms, models and system architectures used or useful in
or related to a method and system for allocating and redeeming incentive credits
between a portable device and a base device, including any of the foregoing as
is or has been embodied in, or is or has been used or is useable in connection
with, the development, acquisition, planning, design, manufacture, delivery or
operation of any system, program or method for the systematic processing of
loyalty or that has been embodied in, or is or has been used or is useable in
connection with, the performance of any contract or agreement relating thereto,
including any and all physical, electronic or other embodiments thereof,
specifically excluding and subject to rights to any subject matter claimed in or
covered by United States Patent No. 5,806,045, dated September 8, 1998, and
entitled "Method and System for Allocating and Redeeming Incentive Credits
between a Portable Device and a Base Device," including all continuation and
divisional applications having claims connected thereto, including all patents
issuing therefrom in the United States and in other countries, including all
reissues and reexaminations thereof, which patents and applications therefore
have not lapsed or become abandoned or have not been held invalid by court or
tribunal with no further right of appeal available or taken, and all future
enhancements, research, modifications and developments that find a basis in or
connected with any of the foregoing.

US Patent No. 5,806,045 issued in September 1998
Australian Patent No. 703349 issued in October 1999
Mexican Patent No. 96/03161 issued in November 2000
Patent Pending in Canada - Application Number  2182596
Patent Pending in Japan - Application Number  7-520773

On-Card Database file structure patent pending in US - Application Number
60/302,792

<PAGE>

                                    EXHIBIT C

                          Trademarks and Service Marks

E-LLEGIANCETM
LOYALTYCENTRALTM
LOYALTYCENTRAL.COMTM
SMARTBANKTM
SMART BANKTM
SMART BUCKSTM
IC KIDS CARDTM
IC ONETM
IC ONE TRAVELTM
EDUCENTSTM
CARDONETM
IC BUCKSTM
IC SMARTTM
IC SMART BANKTM
IC SMART MALLTM
IC SMARTCOMMTM
IGWTTM

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