Document:

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                                                                    Exhibit 10.2

                                 PROMISSORY NOTE

$250,000.00                                               Jacksonville Beach, FL
                                                                October 22, 2003

         FOR VALUE RECEIVED, INTREPID CAPITAL CORPORATION, INC., a Delaware
corporation (the "Company"), promises to pay to the order of FORREST TRAVIS (the
"Holder") the principal sum of two hundred fifty thousand and 00/100 U.S.
Dollars ($250,000.00) with interest in arrears on the unpaid principal balance
from time to time outstanding from the date hereof until due and payable at the
rate provided in Section 1(a) hereof. The Holder of this Note, by acceptance
hereof, agrees to and shall be bound by the provisions of this Note.

         1.       TERMS OF NOTE. The payment terms of this Note shall be as
                  follows:

                  (a)      Interest. This Note shall bear interest on the
                           outstanding principal balance hereof at the rate of
                           six percent (6%) per annum (computed on the basis of
                           a 365 or 366 day year, as the case may be). Interest
                           on this Note shall accrue from the date of issuance
                           of this Note set forth above.

                  (b)      Payment and Maturity. The principal of this Note and
                           accrued interest at the rate provided in Section 1(a)
                           hereof shall be payable in generally level quarterly
                           installments of principal and interest on January 15,
                           April 15, July 15 and October 15 of each year through
                           October 15, 2006, all as more specifically provided
                           in the amortization schedule attached hereto as
                           Schedule 1. All payments of principal and interest
                           hereunder shall be made by the Company in lawful
                           money of the United States of America at the address
                           of the Holder appearing on the books of the Company,
                           or such other place as the Holder hereof shall
                           designate to the Company in writing. If not sooner
                           paid as aforesaid, the entire balance of this Note,
                           including both principal and unpaid interest, shall
                           be due and payable in full on the third anniversary
                           of this Note.

                  (c)      Voluntary Prepayment. The Company has the right to
                           prepay this Note in whole or in part at any time
                           during the term of this Note without premium or
                           penalty. Any such partial prepayment shall be applied
                           first against accrued interest and then against the
                           principal sums last maturing hereunder.

         2.       SECURITY INTEREST. The Company grants to Holder and the Holder
                  accepts from Company a secured interest in the proceeds (cash
                  and non-cash) of the Company's billed and uncollected advisory
                  fees, as well as all future unbilled advisory fees This
                  security interest shall remain in force until all of the
                  Company's indebtedness to the Holder under this Note is
                  satisfied.

         3.       RESTRICTIONS. The Holder by its acceptance of this Note
                  acknowledges that it is aware that this Note has not been
                  registered under the Securities Act or the securities laws of
                  any state or other jurisdiction. The Holder represents and
                  warrants to the Company that it has acquired this Note for
                  investment and not with a view to or for sale in connection
                  with any distribution of this Note or with any intention of
                  distributing or selling this Note.

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                  The Holder acknowledges that it has no right to demand that
                  the Company register this Note.

         4.       DEFAULT. It shall be an event of default ("Event of Default")
                  hereunder if the Company shall (a) fail to make when due
                  payment of the principal of or any interest on this Note and
                  such failure continues for a period of thirty (30) business
                  days after the date such payment was due; (b) default in the
                  performance of any of the obligations, covenants or agreements
                  legally imposed by the terms of this Note; (c) apply for or
                  consent in writing to the appointment of a receiver, trustee,
                  or liquidator of the Company; (d) file a voluntary petition in
                  bankruptcy or admit in writing the Company's inability to pay
                  the Company's debts as they come sue; (e) make general
                  assignments for the benefit of creditors; (f) file a petition
                  or answer seeking reorganization or rearrangement with
                  creditors or taking advantage of any insolvency law; or (g)
                  file an answer admitting the material allegations of a
                  petition filed against the Company in any bankruptcy,
                  reorganization, insolvency or similar proceedings. At the
                  option of the Holder, the whole indebtedness evidenced hereby
                  may be declared due and payable upon the occurrence of an
                  Event of Default, whereupon the entire unpaid principal
                  balance of this Note and all interest accrued thereon from the
                  last payment due shall thereupon at once mature and become due
                  and payable without presentation or demand for payment or
                  notice of the intent to exercise such option or notice of the
                  exercise of such option by the Holder, or notice of any kind,
                  all of which are hereby expressly waived by the Company and
                  may be collected by suit or other legal proceedings.

         5.       COSTS AND EXPENSES OF COLLECTION. If there shall be an Event
                  of Default on this Note, the Company shall be liable for all
                  costs, expenses, and reasonable attorneys' and paralegal's
                  fees and expenses incurred by the Holder in connection with
                  the collection of the sums evidenced hereby, including all
                  such costs, expenses, and fees incurred in on any appeal or in
                  any administrative or bankruptcy proceeding.

         6.       USURY. It is the intention of the parties hereto to comply
                  with the usury laws applicable to this loan, if any.
                  Accordingly, it is agreed that notwithstanding any provision
                  to the contrary in this Note, no such provision shall require
                  the payment or permit the collection of interest in excess of
                  the maximum permitted by law. ("Excess Interest"). If any
                  Excess Interest is provided for, contracted for, charged for
                  or received, then the provisions of this paragraph shall
                  govern and control and the Company shall not be obligated to
                  pay the amount of such Excess Interest. Any such Excess
                  Interest which may have been collected shall be, at the
                  Holder's option, either applied as a credit against the then
                  unpaid principal amount hereof or refunded to the Company. The
                  effective rate of interest shall be automatically subject to
                  reduction to the maximum lawful contract rate allowed under
                  the usury laws as now or hereafter construed. It is further
                  agreed that without limitation of the foregoing, all
                  calculations of the rate of interest contracted for, charged
                  for or received under this Note which are made for the
                  purposes of determining whether such rate exceeds the maximum
                  lawful rate shall be made, to the extent permitted by law, by
                  amortizing, prorating, allocating and spreading in equal parts
                  during the full stated term of this Note all interest
                  contracted for, charged for or received from the Company or
                  otherwise by the Holder.

         7.       HEADINGS. The descriptive headings of this Note are inserted
                  for convenience only and do not constitute a part of this
                  Note.

         8.       GOVERNING LAW. This Note shall be governed by, and construed
                  and interpreted in accordance with, the laws of the state of
                  Florida, excluding those laws relating to the resolution of
                  conflicts between the laws of different jurisdictions.

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         9.       WAIVER OF TRIAL BY JURY. THE COMPANY AND THE HOLDER HEREBY
                  KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT
                  EITHER MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
                  LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER OR IN
                  CONNECTION WITH THIS NOTE OR ANY COURSE OF CONDUCT, COURSE OF
                  DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF
                  THE COMPANY OR HOLDER.

         IN WITNESS WHEREOF, the Company has caused this Note to be executed
under the seal by its duly authorized officer as of the date set forth above.

                                   COMPANY

                                   INTREPID CAPITAL CORPORATION

                                   By:   /s/ Mark F. Travis
                                       -----------------------------------
                                       Mark F. Travis
                                       Chief Executive Officer/President

                                   By:   /s/ Donald C. White
                                       -----------------------------------
                                       Donald C. White
                                       Chief Financial Officer

                                   HOLDER

                                   FORREST TRAVIS

                                         /s/ Forrest Travis
                                   --------------------------------------------

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                                   SCHEDULE 1

                              AMORTIZATION SCHEDULE

<TABLE>
<CAPTION>
                         TOTAL         PRINCIPAL       INTEREST        REMAINING
     DATE               PAYMENT         PORTION        PORTION          BALANCE
     ----               -------        ---------       --------        ----------
<S>                   <C>              <C>             <C>            <C>
January 15, 2004      $ 23,873.00      $19,205.00      $3,668.00      $230.795.00
April 15, 2004        $ 23,873.00      $19,487.00      $3,386.00      $211.308.00
July 15, 2004         $ 23,873.00      $19,773.00      $3,100.00      $191,535.00
October 15, 2004      $ 23,873.00      $20,062.00      $2,811.00      $171,473.00
January 15, 2005      $ 23,873.00      $20,357.00      $2,516.00      $151,116.00
April 15, 2005        $ 23,873.00      $20,656.00      $2,217.00      $130,460.00
July 15, 2005         $ 23,873.00      $20,959.00      $1,914.00      $109,501.00
October 15, 2005      $ 23,873.00      $21,267.00      $1,606.00      $ 88,234.00
January 15, 2006      $ 23,873.00      $21,579.00      $1,294.00      $ 66.655.00
April 15, 2006        $ 23,873.00      $21,895.00      $  978.00      $ 44.760.00
July 15, 2006         $ 23,873.00      $22,217.00      $  656.00      $ 22.543.00
October 15, 2006      $ 23,873.00      $22,543.00      $  330.00      $      0.00
</TABLE><PAGE>

                                                                    Exhibit 10.3

STATE OF FLORIDA
COUNTY OF DUVAL

                UNCONDITIONAL GUARANTY OF PAYMENT AND PERFORMANCE

         This Unconditional Guaranty of Payment and Performance is executed by
MARK TRAVIS (hereinafter referred to as "Guarantor"), in favor of ROBIN SHEPHERD
STUDIOS, INC., d/b/a The Robin Shepherd Group (hereinafter "TRSG"), for the
purpose of seeking to induce TRSG to enter into that certain Promissory Note
dated of even date herewith (hereinafter collectively the "Note") with INTREPID
CAPITAL CORPORATION (hereinafter "Principal"). Guarantor does hereby
unconditionally guaranty to TRSG the full and prompt payment when due of any and
all obligations of the Principal under the Note. Guarantor does hereby agree
that if amounts due under the Note are not paid by Principal in accordance with
the terms of the Note, or if any and all sums which are now or may hereafter
become due from Principal to TRSG are not paid by Principal, Guarantor will
immediately make such payments. Guarantor further agrees to pay TRSG all
expenses (including reasonable attorneys' fees) paid or incurred by TRSG in
endeavoring to collect the indebtedness, to enforce the obligations of the
Principal guarantied hereby, or any portion thereof, or to enforce this
Guaranty;

         Guarantor hereby waives and agrees not to assert or take advantage of
(a) the defense of the statute of limitations in any action hereunder or for the
collection of the monies due pursuant t the Note or the performance of any
obligation hereby guarantied; (b) any defense that may arise by reason of the
incapacity, lack of authority, death or disability of Guarantor or any other
person or entity; (c) any defense based upon a breach of the Note by TRSG; (d)
any defense based upon failure of TRSG to commence an action against Principal;
end (e) any other legal or equitable defenses whatsoever to which Guarantor
might otherwise be entitled.

     This is a guaranty of payment and performance and not of collection. The
liability of Guarantor under this Guaranty shall be direct and immediate and not
conditional or contingent upon the pursuit of any remedies against Principal or
any other person. Guarantor waives any right to require that an action be
brought against Principal or any other person. In the event of a breach or
default by the Principal under the Note, TRSG shall have the right to enforce
its rights, powers and remedies thereunder or hereunder or under any other
instrument now or hereafter evidencing, securing or otherwise relating to the
Note, In any order and all rights, powers and remedies available to TRSG in such
event shall be nonexclusive and cumulative of all other rights, powers and
remedies provided thereunder or hereunder or by law or In equity. Accordingly,
Guarantor hereby authorizes and empowers TRSG upon breach or default of the Note
by Principal, at its sole discretion, and without notice to Guarantor, to
exercise any right or remedy which TRSG may have. If the obligations guarantied
hereby are partially performed or paid by reason of the election of TRSG to
pursue any of the remedies available to TRSG, or if such obligations are
otherwise partially performed or paid, this Guaranty shall nevertheless remain
in full force and effect, and Guarantor shall remain liable for all obligations
guarantied hereby, even though any rights which Guarantor may have against
Principal may be destroyed or diminished by the exercise of any such remedy.
Until all of the obligations of Principal to TRSG have been paid and performed
in full, Guarantor shall have no right of subrogation to TRSG against Principal,
and Guarantor hereby waives any rights to enforce any remedy which TRSG may have
against Principal.

         Guarantor hereby subordinates all claims that Guarantor may have
against Principal to all claims which TRSG has against Principal.

     The undersigned Guarantor further waives any claim, right, or remedy which
such Guarantor may now have or hereafter acquire against the Principal that
arises hereunder and/or from the performance by

<PAGE>

the Guarantor hereunder including, without limitation, any claim, remedy, or
right of subrogation, reimbursement, exoneration, indemnification, or
participation in any claim, right, or remedy of TRSG against the Principal,
whether or not such claim, right, or remedy arises in equity, under contract, by
statute, under common law, or otherwise.

         This Guaranty may not be changed orally, and no obligation of Guarantor
can be released or waived by TRSG, except by writing, signed by the party giving
such notice, election or demand, and shall be delivered personally, or sent by
registered or certified United States mail, postage prepaid, to the other party
at the address set forth below, or at such other address within the continental
United States of America as may have theretofore been designated in writing. The
effective date of such notice shall be the date of personal service or the date
on which the notice is deposited in the mail. For the purposes of this Guaranty:

         The address of TRSG is:

           The Robin Shepherd Group
           Mr. Jeffrey A. Hite
           500 Bishopgate Lane
           Jacksonville, Florida 32204

         The address of Guarantor is:

           c/o Intrepid Capital Corporation
           3652 South Third Street, Suite 200
           Jacksonville Beach, Florida 32250

The provisions of this Guaranty shall be binding upon Guarantor and his
successors, successors-in-title, heirs, legal representatives and assigns. This
Guaranty shall in no event be impaired by any change which may arise by reason
of the death of Guarantor, or by reason of the dissolution of Principal.

         BY ACCEPTANCE HEREOF, GUARANTOR AGREES THAT NEITHER GUARANTOR, NOR ANY
ONE OR MORE OF THE UNDERSIGNED, OR ANY ASSIGNEE, SUCCESSOR, HEIR, OR LEGAL
REPRESENTATIVE OF ANY OF THE SAME (ALL OF WHOM ARE HEREINAFTER REFERRED TO AS
THE "PARTIES") SHALL SEEK A JURY TRIAL IN ANY LAWSUIT, PROCEEDING, COUNTERCLAIM,
OR ANY OTHER LITIGATION PROCEDURE BASED UPON OR ARISING OUT OF THIS GUARANTY,
ANY RELATED AGREEMENT OR INSTRUMENT, OR THE DEALINGS OR THE RELATIONSHIP BETWEEN
OR AMONG THE PARTIES. NONE OF THE PARTIES WILL SEEK TO CONSOLIDATE ANY SUCH
ACTION, IN WHICH A JURY TRIAL HAS BEEN WAIVED, WITH ANY OTHER ACTION IN WHICH A
JURY TRIAL HAS NOT BEEN WAIVED. THE PROVISIONS OF THIS PARAGRAPH HAVE BEEN FULLY
NEGOTIATED BY THE PARTIES WITH TRSG, AND THESE PROVISIONS SHALL BE SUBJECT TO NO
EXCEPTIONS. TRSG HAS IN NO WAY AGREED WITH OR REPRESENTED TO ANY OF THE PARTIES
THAT THE PROVISIONS OF THIS PARAGRAPH WILL NOT BE FULLY ENFORCED IN ALL
INSTANCES.

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         IN WITNESS WHEREOF, the undersigned has executed this Guaranty in Duval
County, Florida under seal on the 7th day Of July, 2003.

       /s/ Jeffrey A. Hite
-------------------------------------
Print Name Jeffrey A. Hite

       /s/ Michael T. Russell
------------------------------------
Print Name Michael T. Russell

                                                      /s/  Mark Travis
                                                      ---------------------
                                                      MARK TRAVIS
                                                           "Guarantor"

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