Document:

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                                                                    Exhibit 4.17

                                 PROMISSORY NOTE

$100,000.00
Houston, Texas                                                      June 5, 2001

FOR VALUE RECEIVED, iExalt, Inc., a Nevada Corporation (Maker), promises to pay
to Randy James, Box 908 Friendswood, Texas 77549 (Holder) the principal sum of
One Hundred Thousand Dollars ($100,000.00) with interest from date at the rate
of 22,500 restricted shares to be issued, per month, plus 50,000 restricted
shares if total amount of Promissory Note is delivered to iExalt, Inc. prior to
June 30, 2001. In addition to the above, Holder has the right to convert up to
twenty-five percent (25%) of Principal to restricted common stock at the rate of
sixty-five percent (65%) of the closing price of the common stock traded on the
date of this Note. Principal is payable in lawful money of the United States of
America at 12000 Aerospace Avenue, Suite 375, Houston, Texas 77034, or at such
place as may later be designated by written notice from the Holder to the Maker
hereof, on the date and in the manner following:

         All principal and accrued interest is due on or before six (6) months
         from the date of this note, or December 31, 2001.

         This Note is secured by specific rights attached hereto.

         Both parties understand that the amount or value above may exceed the
         maximum interest allowed by law, under the statutes of the state of
         Texas, and acknowledge that the terms are reasonable given the nature
         of the loan.

                                            iExalt, Inc.
                                            a Nevada corporation

                                            By: /s/ Chris L. Sisk
                                                Chris L. Sisk
                                                Its Chief Financial Officer

Amount: $100,000 Received on:28th day of June, 2001

                                      37<PAGE>

                                                                   Exhibit 10.16

                            STOCK PURCHASE AGREEMENT
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THIS AGREEMENT IS MADE AND ENTERED INTO THIS THE 3RD DAY OF JULY, 2001 BY AND
BETWEEN iExalt, Inc., A NEVADA CORPORATION 12000 AEROSPACE AVENUE, SUITE 375,
HOUSTON, TEXAS 77034, ("SELLER") AND DON BALLARD ("PURCHASER").

The Seller is the record owner and holder of the issued and outstanding shares
of the capital stock of iExalt, Inc., ("Corporation"), a Texas corporation,
which Corporation has issued capital stock of approximately 45,000,000 shares of
$.001 par value common stock.

In consideration of the mutual agreements contained in this Agreement, it is
hereby agreed as follows:

1.       PURCHASE AND SALE: Subject to the terms and conditions stated in this
         Agreement, the Seller shall sell and deliver to the Purchaser
         restricted stock certificates representing the stock purchased herein.
         Certificates shall be delivered within ten (10) days of the receipt of
         payment under the terms of this Agreement.

2.       AMOUNT AND PAYMENT OF PURCHASE PRICE. The total consideration and
         method of payment thereof are fully set out in Exhibit "A" attached to
         this Agreement and incorporated herein for all purposes as if set forth
         in full.

3.       REPRESENTATIONS AND WARRANTIES OF SELLER. Corporation is a corporation
         duly organized, validly existing and in good standing under the laws of
         the State of Nevada and has the corporate power and authority to carry
         on its business as it is now being conducted. Purchaser understands
         that the stock received will be restricted under SEC Rule 144.

4.       REPRESENTATIONS AND WARRANTIES OF SELLER AND PURCHASER. Seller and
         Purchaser hereby represent and warrant that there has been no act or
         omission by Seller, Purchaser or the Corporation which would give rise
         to any valid claim against any of the parties hereto for a brokerage
         commission, finder's fee, or other like payment in connection with the
         transactions contemplated hereby.

5.       GENERAL PROVISIONS. (a) Entire Agreement. This Agreement constitutes
         the entire Agreement and supersedes all prior agreements and
         understandings, oral and written, between the parties hereto with
         respect to the subject matter hereof. (b) Governing Law. This agreement
         shall be governed by Texas Law.

                                       38

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6.       PIGGYBACK RIGHTS: Seller agrees to register such shares at the next
         available filing of a registration statement with the Securities and
         Exchange Commission. It is understood that the Seller may require some
         minimal lock-out provision, and such provision shall not be
         unreasonable to Buyer.

Seller:                                     Purchaser:
iExalt, Inc.                                Name: Don Ballard
12000 Aerospace Ave                         Address: 13902 Barryknoll
Suite 375                                   Houston, Texas 77079
Houston, Texas 77034

By: /s/ Donald W. Sapaugh                   By: /s/ Don Ballard
   -----------------------                      ---------------------

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                                   EXHIBIT "A"

                      AMOUNT AND PAYMENT OF PURCHASE PRICE

Consideration. As total consideration for the purchase of 1,500,000 shares of
common stock, restricted under Rule 144, pursuant to this Agreement, the
Purchaser shall pay to the Seller the sum of $ 150,000.00 as the purchase price
of the shares. In addition, the Seller agrees to register all stock held by
Buyer at its soonest opportunity (ie. SB-2, S-1, or S-3 filing, if appropriate).
It is understood that this sale of stock is comprised of both interest and
conversion of debt pursuant to terms outlined in the Convertible Promissory Note
dated June 5, 2001.

                                      40<PAGE>

                                                                   Exhibit 10.17

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                            STOCK PURCHASE AGREEMENT

THIS AGREEMENT IS MADE AND ENTERED INTO THIS THE 16TH DAY OF JULY, 2001 BY AND
BETWEEN iExalt, Inc., A NEVADA CORPORATION 12000 AEROSPACE AVENUE, SUITE 375,
HOUSTON, TEXAS 77034, ("SELLER") AND RANDY JAMES ("PURCHASER").

The Seller is the record owner and holder of the issued and outstanding shares
of the capital stock of iExalt, Inc., ("Corporation"), a Texas corporation,
which Corporation has issued capital stock of approximately 45,000,000 shares of
$.001 par value common stock.

In consideration of the mutual agreements contained in this Agreement, it is
hereby agreed as follows:

6.       PURCHASE AND SALE: Subject to the terms and conditions stated in this
         Agreement, the Seller shall sell and deliver to the Purchaser
         restricted stock certificates representing the stock purchased herein.
         Certificates shall be delivered within ten (10) days of the receipt of
         payment under the terms of this Agreement.

7.       AMOUNT AND PAYMENT OF PURCHASE PRICE. The total consideration and
         method of payment thereof are fully set out in Exhibit "A" attached to
         this Agreement and incorporated herein for all purposes as if set forth
         in full.

8.       REPRESENTATIONS AND WARRANTIES OF SELLER. Corporation is a corporation
         duly organized, validly existing and in good standing under the laws of
         the State of Nevada and has the corporate power and authority to carry
         on its business as it is now being conducted. Purchaser understands
         that the stock received will be restricted under SEC Rule 144.

9.       REPRESENTATIONS AND WARRANTIES OF SELLER AND PURCHASER. Seller and
         Purchaser hereby represent and warrant that there has been no act or
         omission by Seller, Purchaser or the Corporation which would give rise
         to any valid claim against any of the parties hereto for a brokerage
         commission, finder's fee, or other like payment in connection with the
         transactions contemplated hereby.

10.      GENERAL PROVISIONS. (a) Entire Agreement. This Agreement constitutes
         the entire Agreement and supersedes all prior agreements and
         understandings, oral and written, between the parties hereto with
         respect to the subject matter hereof. (b) Governing Law. This agreement
         shall be governed by Texas Law.

                                      41

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6.       PIGGYBACK RIGHTS: Seller agrees to register such shares at the next
         available filing of a registration statement with the Securities and
         Exchange Commission. It is understood that the Seller may require some
         minimal lock-out provision, and such provision shall not be
         unreasonable to Buyer.

Seller:                                          Purchaser:
iExalt, Inc.                                     Name: Randy James
12000 Aerospace Ave                              Address: Box 908 Friendswood
Suite 375                                                 Texas 77549
Houston, Texas 77034

By: /s/Donald W. Sapaugh                    By: /s/ Randy James
   -------------------------                   ----------------------

                                      42

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                                   EXHIBIT "A"

                      AMOUNT AND PAYMENT OF PURCHASE PRICE

Consideration. As total consideration for the purchase of 578,013 shares of
common stock, restricted under Rule 144, pursuant to this Agreement, the
Purchaser shall pay to the Seller the sum of $ 25,000.00 as the purchase price
of the shares. In addition, the Seller agrees to register all stock held by
Buyer at its soonest opportunity (ie. SB-2, S-1, or S-3 filing, if appropriate).
It is understood that this sale of stock is comprised of both interest and
conversion of $25,000 of the debt pursuant to terms outlined in the Promissory
Note dated June 5, 2001.

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