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                                                                   EXHIBIT 10.14

                         Integrated Alarm Services, Inc.

                                 PROMISSORY NOTE

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
("ACT"), OR UNDER ANY STATE SECURITIES LAW AND MAY NOT BE PLEDGED, SOLD,
ASSIGNED OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
WITH RESPECT THERETO UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAW, OR
UNLESS THE COMPANY RECEIVES AN OPINION OF COUNSEL, SATISFACTORY TO THE COMPANY,
THAT SUCH REGISTRATION IS NOT REQUIRED.
$_____________                                                       May __2002

FOR VALUE RECEIVED, INTEGRATED ALARM SERVICES, INC., a Delaware corporation
("Company"), with its principal office at Capital Center, 5th Floor, 99 Pine
Street, Albany, New York 12207, promises to pay to the order
of_________________________________________________residing at ________________
___________________ ("Holder"), or registered assigns, the one year anniversary
of the date hereof ("Maturity Date"), the principal amount of
_______________________dollars ($____________) in such coin or currency of the
United States of America as at the time of payment shall be legal tender for the
payment of public or private debts, together with interest on the unpaid balance
of said principal amount from time to time outstanding at the rate of twelve
(12%) percent per annum without compounding payable on the Maturity Date;
provided, however, that if this Note is not paid in full, or redeemed, on or
before the Maturity Date, interest shall accrue on the outstanding principal of
and, to the extent permitted by law, interest on the Note from the Maturity Date
up to and including the date of payment at a rate equal to the lesser of fifteen
percent (15%) per annum or the maximum interest rate allowed under applicable
law. Interest only at the aforesaid rate of twelve (12%) percent per annum will
be paid in monthly installments on the first business day of each month to and
including the Maturity Date. This Note shall be paid pro rata with certain
additional notes of like tenor (which, together with this Note, are in the
aggregate principal amount of up to $8,000,000 (collectively, the "Notes"))
being issued simultaneously herewith. Payments of principal and interest are to
be made at the address of the Holder designated above or at such other place as
the Holder shall have notified the Company in writing at least ten (10) days
before such payment is due.

         This Note is issued pursuant to an offering made by the Company through
a confidential private placement memorandum dated April 25, 2002 (the
"Memorandum"), a confidential purchase questionnaire ("Questionnaire") and a
subscription agreement entered into between the Company and the Holder (the
"Subscription Agreement"). Each of the foregoing documents are available for
inspection at the Company's principal office. Reference herein to the
Memorandum, the Subscription Agreement and the Questionnaire shall in no way
impair the absolute and unconditional obligation of the Company to pay both
principal and interest hereon as provided herein.

         1. Events of Default. (a) Upon the occurrence of any of the following
events (herein called "Events of Default"):

                  (i) The Company shall fail to pay the principal of or interest
         on this Note pursuant to the terms of this Note;

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                  (ii) (A) The Company shall commence any proceeding or other
         action relating to it in bankruptcy or seek reorganization,
         arrangement, readjustment of its debts, receivership, dissolution,
         liquidation, winding-up, composition or any other relief under any
         bankruptcy law, or under any other insolvency, reorganization,
         liquidation, dissolution, arrangement, composition, readjustment of
         debt or any other similar act or law, of any jurisdiction, domestic or
         foreign, now or hereafter existing; or (B) the Company shall admit the
         material allegations of any petition or pleading in connection with any
         such proceeding; or (C) the Company shall apply for, or consent or
         acquiesce to, the appointment of a receiver, conservator, trustee or
         similar officer for it or for all or a substantial part of its
         property; or (D) the Company shall make a general assignment for the
         benefit of creditors;

                  (iii) (A) The commencement of any proceedings or the taking of
         any other action against the Company in bankruptcy or seeking
         reorganization, arrangement, readjustment of its debts, liquidation,
         dissolution, arrangement, composition, or any other relief under any
         bankruptcy law or any other similar act or law of any jurisdiction,
         domestic or foreign, now or hereafter existing and the continuance of
         any of such events for forty-five (45) days undismissed, unbonded or
         undischarged; or (B) the appointment of a receiver, conservator,
         trustee or similar officer for the Company for any of its property and
         the continuance of any of such events for forty-five (45) days
         undismissed, unbonded or undischarged; or (C) the issuance of a warrant
         of attachment, execution or similar process against any of the property
         of the Company and the continuance of such event for forty-five (45)
         days undismissed, unbonded and undischarged;

                  (iv) Any breach of any of the Company's representations or
         warranties contained in the Subscription Agreement or the Security
         Agreement; or

                  (v) The Company shall fail to perform any obligation of the
         Company contained in the Subscription Agreement or the Security
         Agreement, after giving effect to any applicable notice provisions and
         cure periods.

then, and in any such event, the Holder may at its option and with written
notice to the Company, declare the entire principal amount of this Note then
outstanding together with accrued unpaid interest thereon immediately due and
payable, and the same shall forthwith become immediately due and payable
without presentment, demand, protest, or other notice of any kind, all of which
are expressly waived. The Events of Default listed herein are solely for the
purpose of protecting the interests of the Holder of this Note. If the Note is
not paid in full upon acceleration, as required above, interest shall accrue on
the outstanding principal of and interest on this Note from the date of the
Event of Default up to and including the date of payment at a rate equal to the
lesser of fifteen (15%) percent per annum or the maximum interest rate permitted
by applicable law.

         (b) Non-Waiver and Other Remedies. No course of dealing or delay on the
part of the Holder of this Note in exercising any right hereunder shall operate
as a waiver or otherwise prejudice the right of the Holder of this Note. No
remedy conferred hereby shall be exclusive of any other remedy referred to
herein or now or hereafter available at law, in equity, by statute or otherwise.

         (c) Collection Costs; Attorney's Fees. In the event this Note is turned
over to an attorney for collection, or Holder otherwise seeks advice of an
attorney in connection with the exercise or enforcement of Holder's rights
hereunder, the Company agrees to pay all reasonable costs of collection,
including reasonable attorney's fees and expenses and all out-of-pocket expenses
incurred by the Holder in connection with such collection efforts, which amounts
may, at the Holder's option, be added to the principal hereof.

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         2. Obligation to Pay Principal and Interest; Covenants. No provision of
this Note shall alter or impair the obligation of the Company, which is absolute
and unconditional, to pay the principal of and interest on this Note at the
place, at the respective times, at the rates, and in the currency herein
prescribed.

         3. Affirmative Covenants. The Company covenants and agrees that, while
this Note is outstanding, it shall:

         (a) Pay and discharge all taxes, assessments and governmental charges
or levies imposed upon it or upon its income and profits, or upon any properties
belonging to it before the same shall be in default; provided, however, that the
Company shall not be required to pay any such tax, assessment, charge or levy
which is being contested in good faith by proper proceedings and adequate
reserves for the accrual of same are maintained if required by generally
accepted accounting principles;

         (b) Preserve its corporate existence and continue to engage in business
of the same general type as conducted as of the date hereof;

         (c) Comply in all respects with all statutes, laws, ordinances, orders,
judgments, decrees, injunctions, rules, regulations, permits, licenses,
authorizations and requirements ("Requirement(s)") of all governmental bodies,
departments, commissions, boards, companies or associates insuring the premises,
courts, authorities, officials, or officers, which are applicable to the Company
or its property; except wherein the failure to comply would not have a material
adverse effect on the Company or its property; provided that nothing contained
herein shall prevent the Company from contesting the validity or the application
of any Requirements.

         4. Required Consent. The Company may not modify any of the terms of
this Note without the prior written consent of the Holder.

         5. Lost Documents. Upon receipt by the Company of evidence satisfactory
to it of the loss, theft, destruction or mutilation of this Note or any Note
exchanged for it, and (in the case of loss, theft or destruction) of indemnity
satisfactory to it, and upon reimbursement to the Company of all reasonable
expenses incidental thereto, and upon surrender and cancellation of such Note,
if mutilated, the Company will make and deliver in lieu of such Note a new Note
of like tenor and unpaid principal amount and dated as of the original date of
the Note.

         6. Miscellaneous.

                  6.1. Benefit. This Note shall be binding upon and inure to the
benefit of the parties hereto and their legal representatives, successors and
assigns.

                  6.2. Notices and Addresses. All notices, offers, acceptances
and any other acts under this Note (except payment) shall be in writing, and
shall be sufficiently given if delivered to the addressee in person, by Federal
Express or similar receipted delivery, by facsimile delivery or, if mailed,
postage prepaid, by certified mail, return receipt requested, as follows:

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         To Holder:              To Holder's address on page 1 of this Note

         To The Company:         Integrated Alarm Services, Inc.
                                 Capital Center, 5th Floor
                                 99 Pine Street
                                 Albany, New York 12207
                                 Telephone Number: (518) 449-5131
                                 Facsimile Number: (518) 449-4864

or to such other address as any of them, by notice to the others may designate
from time to time. Time shall be counted to, or from, as the case may be, the
delivery in person or five (5) business days after mailing.

                  (a) Governing Law. This Note and any dispute, disagreement, or
issue of construction or interpretation arising hereunder whether relating to
its execution, its validity, the obligations provided therein or performance
shall be governed and interpreted according to the law of the State of New York
and agrees that service of process upon it mailed by certified mail to its
address shall be deemed in every respect effective service of process upon it in
any such suit, action or proceeding.

                  (b) Jurisdiction and Venue. The Company (i) agrees that any
legal suit, action or proceeding arising out of or relating to this Note shall
be instituted exclusively in New York State Supreme Court, County of Albany or
in the United States District Court for the Northern District of New York, (ii)
waives any objection to the venue of any such suit, action or proceeding and the
right to assert that such forum is not a convenient forum, and (iii) irrevocably
consents to the jurisdiction of the New York State Supreme Court, County of
Albany, and the United States District Court for the Northern District of New
York in any such suit, action or proceeding, and the Company further agrees to
accept and acknowledge service of any and all process which may be served in any
such suit, action or proceeding in New York State Supreme Court, County of
Albany, or in the United States District Court for the Northern District of New
York and agrees that service of process upon it mailed by certified mail to its
address shall be deemed in every respect effective service of process upon it in
any such suit, action or proceeding.

                  (c) Section Headings. Section headings herein have been
inserted for reference only and shall not be deemed to limit or otherwise
affect, in any matter, or be deemed to interpret in whole or in part any of the
terms or provisions of this Note.

                  (d) Survival of Representations, Warranties and Agreements.
The representations, warranties and agreements contained herein shall survive
the delivery of this Note.

                  IN WITNESS WHEREOF, this Note has been executed and delivered
on the date specified above by the duly authorized representative of the
Company.

                                    Integrated Alarm Services, Inc.

                                    By: ______________________________________
                                    Name:
                                    Title:

                                        4<PAGE>
                                                                   EXHIBIT 10.15

PROMISSORY NOTE

$3,000,000

                                                              Albany, New York
                                                              October 14, 2002

         FOR VALUE RECEIVED, the undersigned, KC ACQUISITION CORP, a New Jersey
corporation, having an officer for the transaction of business at 2210 Landmark
Place, Manasquan New Jersey 08736, herein designated as the Borrower, does
hereby promise to pay to the order of Lynn A. Smith, an individual residing at 8
Beech Ridge Road, Clifton Park, New York 12065, hereinafter designated as the
Lender, the principal sum of THREE MILLION ($3,000,000) Dollars together with
interest as set forth below in the following manner:

         COMMENCING on the first day of November 2002, and continuing on the
first day of each subsequent month thereafter, to and including March 15, 2004,
Borrower shall pay Lender interest only calculated on the principal amount of
Three Million and 00/100 ($3,000,000) Dollars at a rate which shall be equal to
the preferred broker call rate charged by Bear Stearns Securities Corp. to its
correspondent Broker Dealers on the date of execution of this Note, plus two and
one half (2 1/2%) percent per annum, which rate is initially six and one quarter
(6 1/4%) percent, which rate adjusts whenever the Broker Call Rate changes, to
and including March 15, 2004, when the full amount of principal and interest
remaining unpaid, if any, shall be due and payable.

         The term "Broker Call Rate" shall be the preferred rate of interest
charged by Bear Stearns Securities Corp. from time to time to its correspondent
Broker Dealers.

         To the extent any portion of the Three Million Dollar loan proceeds
advanced are marketable securities (the "Securities"), any gains or losses on
the Securities will be recognized by the Lender. Lender shall have full right to
substitute any of the Securities with other securities of greater or equal value
or cash equal to the outstanding principal amount. Lender agrees that if the
portion of loan proceeds advanced are Securities and the value of these
Securities falls below $3,000,000 for a period of ten successive business days,
then Lender will deposit additional cash or marketable securities to restore the
value of the total loan proceeds to $3,000,000.

         Upon any default hereof the Borrower further promise(s) to pay all
costs of collection and reasonable attorney fees incurred by the holders hereof.
If the undersigned is more than one, their convenants and obligations hereunder
are joint and several and each hereby waives demand, diligence, presentment,
protest and notice of any kind, and to the fullest extent permitted by law, all
rights to plead any statute of limitations as a defense to any action hereunder.

         Partial payment shall be applied to the last maturing payments due on
the Loan, shall be in one or more increments of the monthly amount due on
principal, shall not extend or postpone the due date of any subsequent monthly
installment or change the amounts of such installments unless the holder of the
line of credit loan shall otherwise expressly agree in writing. There shall be
due and owing by the Borrower a late charge of two percent (2%) of any monthly
payment on any such payment which is ten (10) days or more past due.

         Notwithstanding anything to the contrary herein contained, to the
extent that the toal amount of interest received in any year exceeds the Maximum
Rate permitted by law, then the amount so determined to be in excess shall be
applied in reduction of principal of this Note.

         If more than one person join in the execution of this Note, and if any
be of the feminine sex, the relative words herein shall be read as if written in
the plural, or in the feminine gender, as the case may be.

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         This Note may not be changed or terminated orally.

         Presentment for payment, notice of dishonor, protest and notice of
protest are hereby waived.

         If the Borrower consists of two or more parties, such parties shall be
jointly and severally liable on all obligations hereof.

         IN WITNESS WHEREOF, the undersigned have executed this Note the date
and year first written above.

                                  KC ACQUISITION CORP.

                                  By: /s/ Thomas J. Few
                                      -----------------------------------------
                                      Thomas J. Few, Sr., President

STATE OF NEW JERSEY }
COUNTY OF           }  SS.

         On the 14th day of October, in the year 2002, before me, the
undersigned, personally appeared Thomas J. Few, Sr., personally known to me or
proved to me on the basis of satisfactory evidence to be the individual(s) whose
name(s) is/are subscribed to the within instrument and acknowledged to me that
he/she/they executed the same in his/her/their capacity, and that by
his/her/their signatures on the instrument, the individual(s), or the persons
upon behalf of which the individual(s) acted, executed the instrument.

                                           /s/ Jamie A. Kulin
                                           ------------------------------------
                                           Notary Public

                                                  JAMIE A. KULIN
                                           NOTARY PUBLIC OF NEW JERSEY
                                       MY COMMISSION EXPIRES MAR. 19, 2006

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